EURUSD is hovering just below a major resistance zone marked in yellow of around 1.09991-1.10433. The pair has also just recently broken through two major down trend lines which explains the recent up trend. If this pair can continue on its uptrend and close above this major resistance zone there will be potential for a long up to the next major level of...
The marked chart tells the analysis. I will be keeping an eye on this pair throughout the trading week to see how this ascending triangle plays out.
Another break-out above resistance here. The EURUSD so far as closed above the resistance zone of 1.08980-1.09090 marked in yellow on the 30 minute chart and looks like it will also close above this zone on the hourly in just a few minutes here. I will be taking a long position on the hourly close assuming it is still above this zone. My consensus is that it will...
Classic case of resistance turned support in my opinion. This pair just close above the .76200-.76300 resistance zone which I have marked in yellow. My consensus is that this pair will play around above this resistance level throughout the week before pulling back down through what is not the support zone of .76200-.76300. I will be long in this position, with my...
Based on my analysis of this pair there are two very strong levels of support/resistance where this pair seems to be trading within. Throughout the trading day on Friday (4/24/15) this pair broke through the upper support/resistance zone twice and closed in a bounce off the lower level of support. My consensus is that this pair will swing up over the market open...
As shown in this daily chart there have been about 9 false break outs above the 1.495-- resistance level, all of which resulted in a reversal pulling down way below the resistance level. Some of which reversed in the same day, only down around the 1.49--- level. Most however shorted down to the 1.48--- support level and some even shorted down to the 1.46---...
Inclined to believe that if the 93 level of resistance cannot be broken and this pair begins to short down below 92.750 there might be room for a potential short trade before it hits the long term support level of 92. From there it is up in the air and could potentially shoot back up... or break and continue to short.
Despite some speculation predicting this pair to reach the wedge of the triangle and fall off a cliff, I am inclined to believe that if it can break the horizontal resistance level of the triangle at around 92.00 then this pair will likely go long.