JV_fx

JV_fx

From the look of the price movement between yesterday evening till London opening today, There is a sign that price was ranging and forming bullish flag. It broke the flag but it could also mean double top from yesterday's evening high to sell to last month's low.

JV_fx

Price as shown that there was a breaking to the downside and it reacted around psychological level 1.2400 and FOMC may push it lower or push it to touch the higher high around 1.2640

JV_fx

THE MOVEMENT IS CURENTLY BULLISH. Price is bouncing up and down based on horizontal support and resistance.

JV_fx

There is both rising resistance and rising support.\ If rising support fails to buy, it could turn to rising resistance which will lead to selling.

JV_fx

The price is at point where swingers will possibly be selling to fall to 1.2000 or below it as the previous low has not been tested which stop losses or liquidity will lying there.

JV_fx

Probability is high that it will touch the lower low trendline one more time which will m ake it 4 times.

JV_fx

There is already break in market structure to bearish for now. It could also mean deep retracement or correction for long swing. As at today, market is closing for the day, the week and the month.

JV_fx

Market has been ranging and accumulating orders around 1.2500. There are several rejection but it could be trap for buyers so that price could fall below them. I could also mean that there are more buyers in the market to push it higher above last week NFP high.

JV_fx Updated 

The price is moving towards 1.2500 and it could probably reverse back to the NFP news opening.

JV_fx

Price is at the upper channel currently and this looks indecisive as price is touching it. Would it break it on Monday to hit the psychological level 1.2600 or it will retrace to 1.2500? or would it return back to this week low 1.2400 by next week?

JV_fx

Price is moving in a big rising channel on the uptrend. Last week falling wedge landed on the rising support this afternoon. The movement showed that it was retracement of the uptrend except that it was a changing of trend to bearish trend.

JV_fx

There is an identification of falling wedge that seems to be respecting falling support. There is a consolidation and the probability is high that there is one more push to the downside to touch the falling support before the price will potentially break the falling wedge to the upside. The possible target is 107 where the price will likely form triple tops.

JV_fx

M15 shows breakout of bearish flag. Would it descend 200 pips or 400 pips? Lets see how how it goes before this week runs out.

JV_fx

There is break of descending trendline and retesting is occurring. About 2 times retesing. If it holds, USD will be strong.

JV_fx

Last week was more of consolidation for big move this week. From my chart I have major lower low trendline and high high trendline that I'm anticipating for price to reach. Minor higher high trendline may be tested and respected and fall to major lower low. My concern is slant rising support has been broken in DXY lower time frame. If it is breakout, EU will...

JV_fx

There is probability that dxy will become strong for the rest trading days of the month. If it does, 300 pips to the North will be target.

JV_fx

The long term view of EURUSD is 1.0500. Let's see this week goes if bullish could push it higher.

JV_fx

Today being Friday, EURUSD is showing signs of consolidation at the top of bullish market. The question is that would it continue to rise to close at 1.0500 or fall below 1.0300 or 1.0200. The rising channel looks broken and price is retesting it. My today's bias is sell. Selling could be deep retracement to 50% of last week high and low because price had...