The 1.1000 area has once again proven to be a major barrier for EUR/USD Nevertheless, EUR/USD had shown strong upward pressure (many Bullish Engulfing) still set to close the week in the green. Possible Longs but the pair needs to hold above Daily EMA20 which is near to where the exchange rate is currently trading. The support falls at 1.08837 as the level...
The price is keeps bouncing on the daily, an unclear scenario with that ranging price (101.00 - 98.28), we need to get out of this range to have a clear trading scenario. However Supply area is in control on the Monthly (103.99 - 101.53) and 3 Months (103.93 - 100.57), "Potential Shorts"
My positive view: 1) AEO is well positioned as one of the most 'inclusive' brands to outperform peers 2) consistently solid comps (+2%, 20th consecutive quarter of growth) and healthy fundamentals (ample liquidity and little debt), which underscores strength of leading brands and the company's ability to expand footprint (+70 in FY 21) and capture share from...
EUR/USD short-term technical analysis The EUR/USD is trading at 1.0930 price, and still has room to extend its advance to the Daily Supply zone (1.11087 – 1.12365), according to intraday charts. The 4-hour chart shows that the pair is comfortable well above all its moving averages, with the 20 EMA. The risk could turn to the downside on a break below 1.0900, and...
EURUSD weekly analysis Notice the lower lows that always happening on the monthly chart
DXY weekly analysis Expecting price to retrace to the weekly Demand Zone 97.124 - 96.681
AUDJPY weekly analysis Short Bias on Monthly Sequence
AUDJPY weekly analysis Potential Longs from the new Daily Demand Zone
DXY weekly analysis Still short bias on weekly sequence
Gold Weekly analysis Possible retracement to 1346 - 1333 before longs again, or the price could continue to rally
EURUSD weekly analysis Long Bias on the Weekly Sequence