The Value of this currency pair is at an all-time high. A level that has never been breached and exhibits an unnaturally potent downward force on price. Buying at this level would most likely turn out to be a giant mistake. As such, selling is the only option. Wait for RSI crossover and place stop above resistance. If this coincides with spring equinox then a...
Both fundamental and technical analysis confirm an imminent downward move. Beware the short squeeze as the institutional traders try to vacuum up all the 'dumb money'.
During the last week of trading price has been declining in conjunction with RSI dropping below 55. Wait for the crossover and give it a go. Too simple.
Price is hovering above significant support. Wait for the bounce and a breakage of short-term trend lines before entering. RSI crossing above 55 will validate and fuel the move. Should be a nice little gainer.
A major retracement is about to coincide with a major time extension level; simple squaring of time and price. Expect volatility to cause swings before resumption of upward trend. Combine with RSI and measure trendline divergences to determine entry and exit timing.
Using Gann techniques and extending time using geometric ratios you'll find a confluence of vibrations grouping very near the spring equinox. Taken by themselves either of these signals would indicate a possible change in trend, but together the signal goes from possible to probable.
Price oscillating in a range between two areas of significant support and resistance. Short-term support is stronger, so look for the price to fill back up towards the 233 period EMA before correcting.
Confluence of short-term upward trends will most likely push price into long-term barrier. If broken will see a sizable move to the up-side.
Upcoming USD rate hikes should lock-in gains.
