EUR/USD to suffer a substantial drop to 1.1020/00 ! EUR/USD weakness has accelerated sharply over the past week, breaking key support at 1.1495/93. Next notable support is also seen nearby at 1.1310/1.1290, where economists at Credit Suisse expect a temporary pause. However, they expect to see further weakness towards 1.1020/00. POSSIBLE MARKET MOVES Our bias...
EURUSD was SOLD OFF last week touching a 4 month LOW around 1.14317 ! Currently the price is trying to retrace but understanding the pair is very much on a downward trend. Using the FIB tool , price is expected to touch 50% level of the FIB (as seen on the CHART) before a continuation in its downward move. POSSIBLE MARKET MOVES An unsupported level has been...
EURUSD made a quick reversal yesterday from the previous UNTESTED RESISTANCE level @1.15130 NOW VERIFIED ! Fell back to a WEAK support point just as predicted yesterday. POSSIBLE MARKET MOVES Looking at the chart from higher times , its still on a downward trend . Moreover, price is presently on a tight ranging between a VERIFIED resistance point @ 1.15130...
EURUSD has been on a downward trend for days now looking at the H1 chart and on D1, W1 same ! After a drastical fall last week Friday during the US session. There was a quick reversal causing an UNTESTED support level @ 1.15130 and a further upward move on Monday forming a WEAK support point @1.15509 as seen on chart. Presently the Price is moving towards an...
EURUSD has been finding it hard to take a decision after the up trendline was broken few days ago !!! This pair is currently ranging in between 3 times VERIFIED barricades (SUPPORT and RESISTANCE) just as seen on chart. Well, it might pick a side today. POSSIBLE MARKET MOVES A serious break in any of those barricades could lead to a continuous trend upward or...
EURUSD is trending upward for the past few days ! Presently the price is returning from a 1 time VERIFIED RESISTANCE level formed from 28th of SEP. close to an UNTESTED SUPPORT level @1.16190 but closer to the TREND line (CHECK CHART) POSSIBLE MARKET MOVES Follow the Trendline and drawn PATH
Fiber seem to be resuming its downward trend !!! The price has been rejected 2 times @ 1.16185 causing a VERIFIED RESISTANCE point. Moreso, a recent drawn upward trend has been broken. POSSIBLE MARKET MOVES Currently, the price is found on a supposed SUPPORT level @1.15835 and a severe downward break means its going to be testing the immediate support level.
Yesterday was great ! Looking at the price movement in line with our planned trade paths (Check last chart). A fall back as presumed and resumed an upward movement todays morning. A demarcating VERIFIED SUPPORT level is formed from 5th of OCT @1.15800 reversing the price upward. POSSIBLE MARKET MOVES Following yesterdays paths, FIBER is presently going...
EUR seem to be having a slight recovery ! Price moved has planned yesterday breaking the two RESISTANCE barricades ( Check the last CHART analysis). Movements were so fast forming and Support level (WEAK) @1.15355. Like i said yesterday, we cannot determine a change in TREND yet ! POSSIBLE MARKET MOVES Currently the price is breaking a WEAK RESISTANCE point...
USD BEARs seem to be loosing strength !!! Price has been ranging around the Trendline (Downward) looking like its going to change direction. Well, Trend cannot be determined changed until a severe RESISTANCE LEVEL is broken. Moreso, currently an UNTESTED suPPORT level has been formed @1.15229 reversing the price toward a WEAK and VERIFIED RESISTANCE region @...
USD is having its best time after years !!! SUPPORT levels has being broken again @ 1.15875 and 1.15621 respectively ! TREND line still acknowledged. At this point, a retracement might be happening. A supposed resistance line awaits the price @ 1.15593 POSSIBLE MARKET MOVES Follow Trend line and pick your entry level !
Every single events in the market has been to the favor of USD for the past few days !!! as we can see from the chart that BEAR is in charge on FIBER irrespective of several barricades formed to return power to the BULL. Technically, EURUSD is still following the former downward trend line. Close to the current price are VERIFIED and WEAK support levels @...
Following the previous chart analysis. The price has been going in accordance with the drawn plan as seen in the chart ! USD gaining more strength causing a big slope on FIBER yesterday 29th SEP after breaking several SUPPORT levels. We are still on a Downward trend ! POSSIBLE MARKET MOVES The price is trying to source a SUPPORT ground already forming a...
EURUSD is moving just in accordance with yesterday's posted analysis (Check drawn paths) ! An UNTESTED SUPPORT level has been broken @1.16890 and the price is currently found on 2 times VERIFIED SUPPORT level formed from 19th AUG. POSSIBLE MARKET MOVES Considering the fact the TREND line is obeyed means BEAR is still taking the lead on EURUSD. follow the...
The market is taking a fast move today being the first day of the trading week !!! EURUSD went sloppy after the report on Euro Money Supply coming out 7.9% . TECHNICAL ANALYSIS: Ones again, price is moving away from the PROVEN RESISTANCE level leaving beneath it a WEAK resistance level @1.17205. The price is currently found on an UNTESTED SUPPORT level @1.16817...
EURUSD had a turn back from yesterday from a formed weak support level which is now an UNTESTED SUPPORT level @1.16832 !!! Now, the price is found at a 4 time tested PROVEN RESISTANCE level. There are 50-50 chances of the price breaking upward considering the fact that it has slight shifted from the TREND line (As seen in the CHART). There is also a tendency...
EURUSD is still matching up with the downward trend ! There was a quick reversal from the VERIFIED SUPPORT region @1.16740 leaving the turning point has a weak level. Currently, Fiber is moving closer to 2 times VERIFIED RESISTANCE level @ 1.17465 and there might be a fast reversal at that point causing it to continue a downward trend. NOTE: There is no upward...
DXY has formed an UNTESTED RESISTANCE level @93.40 ! Moreso, presently there is a slight break in Trendline (As seen on chart). This could be a continuous fall to an UNTESTED SUPPORT level @92.80. Most USD paired instrument are ranging and could be affect by any decision made on DXY.