the USD has picked up lots of steam this week so and continues to be moving. The 0.71 round number has also been broken. Let's see if things will continue
price has arrived at a tough long time support on the back of a strong rally from the USD. This level has been a trouble area years ago and continues to be valid now. I anticipate that much more will be needed in order to break this level.
Price has broken below trouble are of 1.0800. I missed the initial push below but I will resist the urge to enter at it's current price. Waiting for it to retrace right to that level. RSI is also below 50 and MAs are giving the sell signal. My stop has lso been placed aboe my former support line drawn.
Price has closed below both trendlines that are on the chart, moving averages have given a sell signal and RSI is below 50. A larger stop can be used just to be safe
Looking for this resistance level to hold and push further downward close to the previous support
Price has been able to close above a long time trouble area of 0.73 as well as RSI being above 50 gives a good indicator to go long
Price has broken below the support that it has tested a few times (1.49). In addition to this the diagonall trendline has also been broken and price has closed below (on the hourly chart) as well. The move has gone a little too far for my liking so I will wait for a small retracement to enter a short trade
Price has consistently remained above the support outlined in the chart and has broken the diagonal trend line. RSI is also giving a bullish signal. Stop has been placed below support area as well as trend lines
eurusd finally goes back below 1.1 and the trendlines drawn as well, this pressure was helped by news releases at 8:30 AM. Since it hasne't retraced any of the gains of the news release I anticipate it may go down further
GBP has gained considerably over the past week. Price not only closed above a strong support but it was also a fib level. That coupled with the fact that cross indicating a bullish move has occured and RSI giving a bullish signal as well. Ianticipate that there will be a retrace close to support ( As it has been doig in the past). The aim is just below the major...
Price has finally closed below old support as well as moving averages crossing, RSI is also below 50. This provides good confluence. Sell
Price closed above the resistance outlined in the chart but went a little too far for me liking, let's see if it retreaces to our entry so the trade can start. If it does then the target will be set within a reasonable area
Diagonal trendline broken and 4hr candle closes below long time resistance level as well as 200 day MA. To me this shows that the market will drive things downward; Good signal to sell
Price Testing The resistance level marked in the chart as well as the diagonal trend line. Should these be broken then it would lead the way for price to move further up to 1.52
the kiwi was able to break out of triangle based on last week's news and has since retraced right back into it, currently the pair could go either way, Entries are set on both sides to take advantage of whichever way price breaks. There should be some movement at least in the US afternoon session since the rate decision will be announced today
News from last week brought the pound surging upwards pass 1.5 but even with all that momentum it couldn't stay pass 1.51, it's now making a stead descent back to where it was before
fast moving averages have crossed over the slow moving averages
Currently spotting some divergence in this pair. News release today is US CPI numbers. Good results should push this in the right direction