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01012018

Hello, friends and fellow community members,
EURUSD seems to be overbought in the 4H time frame. One can sell the pair as the advantage of being at the Bollinger bands resistance and the 1.2000 psychological level is there. The pair may shed 100 to 200 pips from here before making a move higher.
EURUSD 4H CHART
Happy trading to all.
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EURUSD MAY SETTLE AT 1.1650

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Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
EURUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is turning down.
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06072017 | GBPUSD BUY TRADE

Hello my dear fellow community members,
I am long in GBPUSD and EURUSD as I am expecting a weak US Dollar in coming days. My position triggered at 1.29214 level in GBPUSD and 1.13803 in EURUSD. I have already moved the stops to breakeven. I am expecting 1.32000 in GBPUSD and 1.1500 in EURUSD.
GBPUSD 4H CHART
Happy trading to all.
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EURUSD | 02042017

Hello my dear fellow community members,
There is a setup in EURUSD where you can see the rising trendline and falling pair. I expect the EURUSD to take support on this rising trend line near 1.0572 area on an intraday basis. Although the upside is limited as 50 SMA will be acting as resistance.
EURUSD DAILY CHART
A daily candle closing below the rising trendline will open the downside targets. Any comments about the setup are welcome.
Happy trading to all.
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EURUSD BROKEN ON THE UPSIDE | 10032017

Hello my dear fellow community members,
The EURUSD has broken the falling trendline. A pullback is anticipated to the Horizontal resistance turned support and get rejected to go LONG. Here is the chart showing the setup.
EURUSD DAILY CHART
I am looking for a pullback to enter LONG. Initial target is 1.0800.
Any comments or suggestions about the setup are welcome.
Happy trading.
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EURUSD MAY RISE ON MONDAY | 05032017

Hello my dear fellow community members,
EURUSD seems good to buy above 1.0630. The level has been a good resistance in the past. A close above this level and retest on intraday may provide a good long entry with targets up to 1.0800 levels. Here is the chart showing the setup.
EURUSD DAILY CHART


Any comments or suggestions about the setup are welcome.
Happy trading.
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EURUSD IS STUCK IN A RANGE

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Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram is silent.
  • The RSI is turning up.
  • The Stochastics is headed South.
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UPDATE-3
Most of the markets were closed today by virtue of The Easter. The pair has moved in a very tight range today. A movement is expected in either direction only when the markets open on Monday.

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UPDATE-4
Finally, the price started moving in the direction predicted. 1.0677 area may offer resistance in the coming days. So far the price is very much clear to go up.

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UPDATE-5
As discussed in the previous update the price went up and cleared the resistance at 1.0677 very easily. I expect a small pullback to 1.0677 level before the price shoots upward. In any case, I will expect a consolidation here now. The next important level is near 1.0797 levels. Let us see what happens now.

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UPDATE-6
I expect the price to consolidate between 1.0797 and 1.0680 levels before going higher from here. If the consolidation period extends more than a week then we can get the price near 1.0700 on 1 May 2017.

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UPDATE-7
After the result of French elections, the EURUSD opened 193 pips above Friday's close at 1.0723. The pair has made a low of 1.0820 on Daily chart. I am still expecting the price to retrace to 1.0700 levels before going up. Let us see if it happens before 1 May 17 or not.

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EURUSD will rise in february

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Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram suggests the buyers taking control of the market.
  • The RSI is almost vertical and headed high and shows the strength of the pair.
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14 JAN 17 | EURUSD UPDATE

EURUSD closed at 1.0636. The pair needs to close above 1.0650 to see 1.0880. At present the upside momentum looks good. Although the pair went through our level at 1.0650 but closed the day just 14 pips to below it.
Let us see how the things unfold next week.
Happy trading to all.
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13 JAN 17 | EURUSD

Hello fellow traders and community members,
Today EURUSD gave a very nice rally and touched 1.0684 levels but it seems that it won't be able to close the day above the crucial level of 1.0650 as the current trading price is 1.06180. The pair needs to close the day above 1.0650 levels in order to see 1.0880.
EURUSD DAILY CHART
From the image above the pair seems to be in a range between 1.0390 and 1.0650 levels.
That's all folks.
Happy trading to all.
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hunlion avatar
hunlion 12 Jan.

Daily candle close at 1.06119 , a good opportunity for a sell position , what do you think ?

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No hunlion. Selling is not good here. We need to see a red candle below 1.0650. Then we can sell at the break of the low of that candle and placing a stop above high of recent high above 1.0650. If the pair closes above this level then we will wait for a pullback to enter long.

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