avis06

avis06

It looks like a bullish Tweezer Bottom formed on the EUR/USD daily chart during a downtrend. My first target would be around 1.1970 area.

avis06

It looks like a Descending Triangle chart pattern is forming on the EUR/USD monthly chart. The pattern is known either to be a reversal or a continuation. So, I go neutral on this one.

avis06

A small pennant continuation pattern is formed on EUR/USD daily chart, and it is above the 21 SMA. The upward trend may continue if it breaks out the 1.2830 resistance level.

avis06

A bullish Tweezer Bottom (2-day candle pattern) is spotted on on the EUR/USD daily chart after a downward trend. A potential bullish reversal might happen if the pair trades above 1.2680 level.

avis06

A breakout is getting ready to happen

avis06

Based on the daily chart, it looks like a double top chart pattern is forming. Also, the 100 SMA has acted as a support before, and it might do the same again this time. If the pair manages to break the 100 SMA line, the next support would be the current support at 1.3480 area.

avis06

The EUR/USD broke the 1.3670 resistance level (now it's a new support area) as well as the 61.8% Fibonacci retracement level. If the pair keeps heading up, the next logical target is the 1.3810 resistance area.

avis06

EUR/USD continues climbing up. The pair is above the 100 MA and the RSI is pointing up. Target will be at 1.3650 area. Please take note that the US Unemployment claims report is today.

avis06

EUR/USD bounced off the 100 MA last week. If it continues moving in the upward direction, the nearest target is the 50% fib retracement level (1.3560 area), and the 61.8% fib level for the second target. The Stochastics and the RSI are both heading up.

avis06

EUR/USD finds support at 1.3480 area which is also about the same spot where the 50 Moving Average at, and the bottom of the up trend channel. If it bounces from this bottom trend line, there is a possibility that it will go bullish. The nearest resistance zone is at 1.3670 level.

avis06

The EUR/USD has reached major resistance at 1.3700 level. A downward correction / pull back to the minor support at 1.3645 may be expected as the RSI indicates a small divergence.

avis06

The stochastic shows a small bearish divergence on EUR/USD. Also, a candlestick pattern that looks like a dark cloud cover is spotted on the chart that may send the pair to the 1.3455 support area.

avis06

The EUR/USD has an indecision candle for a couple of days. This shows that its direction is unclear for now. Although the Stochastic is at the overbought territory, it could remain overbought for a while. A break out above 1.3580 could send the pair to the next logical resistance at 1.3670 area. However, a break out below 1.3450 could be used as a selling...

avis06

EUR/USD bounces off the 1.3250 support area which is also close to the 50 simple moving average for a couple of days. If it goes above the 1.3326 price level, the logical target would be the 1.3370 resistance area. The Stochastic indicates that there is still room to be bullish.

avis06

EUR/USD finds support at 1.3140 area which coincides with the 100 simple moving average. Bullish piercing pattern is formed on today's candle after more than a week of a down trend. If the pattern works, the next logical bullish target is at 1.3250 resistance area.

avis06

GBP/JPY is ranging since April 2013. Based on the pattern, it's possible that it could return to the support area.

avis06

USD/CAD has an uptrend channel since late September 2012. Possible target is the next resistance, around 1.04160.

avis06

See chart for description