bulls-vs-bears-since-1981

bulls-vs-bears-since-1981

Stochastics helps to determine the strength of continuation in a trend. According to marketkolor.com, EURUSD Stochastic lines have recently developed an uptrend. This implies that price action is building a base and we could see corresponding momentum to the upside. Look for further confirmation of upside in price action and position accordingly. Remember...

bulls-vs-bears-since-1981

RSI is used to determine overbought and oversold conditions. According to marketkolor.com, EURUSD has a RSI line that has recently developed an uptrend. This implies that price action is constantly gaining momentum to the upside. Look for further confirmation of upside in price. We seem to have found some support on this counter, position accordingly. For more...

bulls-vs-bears-since-1981

Our analysis suggests that Moving Average Cross Over Trading strategies would likely be most successful at present. MA Cross Over is a particular form of trend trading. Moving averages "smooth" price data and represents the average price over a period of time. MA cross overs rely on faster moving averages crossing over longer period (slower) moving averages. For...

bulls-vs-bears-since-1981

Pivot Points assist in determining Support and Resistance levels. According to marketkolor.com, EURUSD has closed below it’s pivot point on 3 consecutive sessions. This increases conviction that the current price action is not sustainable with possibly more downside. Look for further closes below subsequent pivot points as further confirmation of strength to the downside.

bulls-vs-bears-since-1981

RSI is used to determine overbought and oversold conditions. According to marketkolor.com EURUSD has a RSI line that has recently developed a downtrend. This implies that price action is constantly losing momentum. We now brace for consolidation before looking for further confirmation of downside in price.

bulls-vs-bears-since-1981

Marketkolors analysis suggests that Support/Resistence Trading strategies would likely be most successful at present. Support is where the price tends to stop falling, and resistance is where the price tends to stop rising. There are different types of support and resistance, such as minor and major (strong). Traders expect minor levels to be broken, while strong...

bulls-vs-bears-since-1981

The Average Direction Index depicts a presence or absence of a trend. EURUSD has an ADX line that has developed a new down trend according to marketkolor.com. This suggests that the current trend in price action is growing weaker and unclear. Look for continued downside in the ADX line and an equivalent weaker and unclear trend in price action

bulls-vs-bears-since-1981

Our target has been hit. Remember, always maximize on profits. Set a very tight trailing stop to take profits of a correction to upside occurs, otherwise stay in the trade to maximize on potential further downside. For more on EURGBP analysis and trading opportunities, visit marketkolor.com. In the next few posts, we will be highlighting opportunities in other...

bulls-vs-bears-since-1981

EURGBP has almost retraced to half way point and our previously published target. Look for some support at these levels. For more visit marketkolor.com

bulls-vs-bears-since-1981

marketkolor.com has stated this month that Support and Resistance trading strategies would work well. This has indeed proven to be the case thus far this month. For more, visit: marketkolor.com

bulls-vs-bears-since-1981

We provide an update to our previous post, retracement is gaining momentum!

bulls-vs-bears-since-1981

The price action looks weaker than ever as predicted. We have broken through a key level. I trust those shorts have been positioned at the channel highs. For more insights, visit marketkolor.com

bulls-vs-bears-since-1981

EURGBP is trading the bottom half of the recently formed channel as it struggles to sustain these lofty levels. Continue to play the short term long as we bounce off the support level of the channel but don’t miss the bigger short positioning as this support level becomes resistance and price action potentially drifts lower from here

bulls-vs-bears-since-1981

Pivot Points, according to marketkolor.com, assists in determining Support and Resistance levels. EURGBP has closed below it's S1 value. This suggests the price action has a strong tendency to the downside but could find support. However, look for sustained price action below this support level for confirmation of break and possibly further downside or a...

bulls-vs-bears-since-1981

Long term opening cone shapes as depicted on the chart (blue lines) speaks of long term volatility as a result of fundamental market shifts in sentiment and uncertainty. BREXIT had a large part to play in this but more recently it may be COVID 19. Nonetheless, use the cone as a measure for retracement over the long term. Look for price action to retrace to half...

bulls-vs-bears-since-1981

We see a retracement to key levels. Position net short for the larger move but also consider playing a smaller short term long trade for a bounce of these levels as support becomes resistance before a larger break to the downside

bulls-vs-bears-since-1981

Stochastic helps to determine the strength of continuation in the trend. The Stochastic %K line has crossed the %D line downwards for EURGBP according to marketkolor.com. This suggests that price action to the upside is slowing down. Look for a consolidation and reversal in the price action to the downside as momentum slows. Still play the short term long before...

bulls-vs-bears-since-1981

marketkolor.com suggests that Support/Resistence Trading strategies would likely be most successful at present on EURGBP. Support is where the price tends to stop falling, and resistance is where the price tends to stop rising. There are different types of support and resistance, such as minor and major (strong). Traders expect minor levels to be broken (like the...