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Double bottom of the major pair

Hello traders,
I have made some short tehnical analysis on the pair for the Daily and Weekly charts based on some major indicators which are (Bollinger Bands, Exponential moving average and Relative strength index) I also included the Ichimoku overlay chart for some clue on the cloud sentiment if we can say so.
On the Daily chart we can see the following picture:
Here we have 3 bottoms. The price tried to reach unsuccessfully the level 1.15 and after the recent sharp spike of the EUR we can see …
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Possible range

Technical analysis on the EUR/USD pair for the 2nd of July.
The current trend is obviosly down and it started in the middle of April. After some observation on the Bollinger bands we can see that the price is currently attracted by the lower BB which is at about level 1.17 on the Daily chart.
The level of the relative strength index is showing deep oversold levels even under 15 on the default Daily parameters.
After looking on the weekly chart we can say that the price is even trying to reach t…
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Searching the surprise

Hello traders,
I will try to make some extraordinary prediction based on the lates movements.
Currently it is obvious that the price of the pair - EUR/USD is going down. There are more fundamental reasons for this than technicals. Despite the fact that we have head and shoulders formation and triple top combined with the strong resistance of the round level 1.2 I am giving a shot to the level 1.22. The reason for this is that currently the channel up is still intact from the major uptrend as sho…
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Basic technical analysis on EUR/USD

Hello traders,
As usual the instruments I use for the technical prediction are BB, SMA and RSI.
First I will try to look at the Daily chart:
It is strange but the interpolation of the crossing of the lower bolinger and the SMA100 are pointing exactly to my predicting point.
RSI is in decline but currently very close to the lower oversold levels. The last day in the last week had a bullish momentum with extremely bad fundamental values for the major event NFP which shows that the correction has s…
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Analysis of the USD/JPY pair

Analysis on this pair are made on some basic indicators but there could be a major upcoming fundamental event which could change all predictions (elections in Japan)
Firstly we can look at the Daily chart to check the pivot levels, currently it is about 110.5 with highest resistance at 111.8 and lowest (S3) support of 108.
The price has made several big fluctuations since late February (108-114) It failed the medium break (111) but it also failed to break the strong support (108). I suppose that…
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Major pair correction

Hello traders,
I like to make my technical analysis based on two time-frames - Weekly and Daily.
When looking on the Weekly chart I decided to ignore the major indicators and base my prediction only on some major price levels.
1.17 has become a major support after the skyrocket of the EUR/USD pair and probably the price will continue to rise trying to reach the major resistance - 1.2222. From my point of view it will be reached without doubt, the only question for me is where is the end of this …
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The next ressistance

A short analysis will be made on the main pair (EUR/USD)
During last week the pair was in a strong consolidation arround the level 1.12 which assumes that after the strong trend and spikes up the pair will continue its bullish move.
According to the Weekly chart we can see that there are 2 possible strong and obvious resistances - levels 1.14 and 1.16. I suppose that the price will try to find a consolidation area in between 1.15 so before that there must be fluctuations of 100-200 pips and some…
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Analysis on the major pair

Short analysis on the Eurodollar pair
I will try to give as more clues as possible on my prediction for the expected rate.
On the weekly chart the price is in a range from the start of year 2015. It is a wide range but nevertheless it is moving between 1.05 and 1.15. Bollinger band shows that the price has hit the upper BB and rebound sharply with a target to the lower BB. This gives us some short term idea that the price can reach 1.05 and if this happens there will be little to stop it from pa…
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EURo round number

For me the price at the mentioned period must be between 1.10-1.107.First of all on the Daily the exponential moving average is turning to upside slope. Currently the RSI for the latest 24 period days is higher than the 50% mark.
I compare this value with the weekly RSI parameter.
Currently the level is under 50 but from the angle of the slope it seems that it could reach the 50 mark approximately at our target. I suppose that this is also the level where eventually the EMA and the price could m…
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The attraction to magic numbers

Prediction for EUR/USD
On the Daily chart we can see that the RSI is rising since the end of November. There were several spikes down and the price have set a new low. Currently the EMA is under the current level which strengthens the bullishness of the pair. The standard instrument for pattern recognition does not find double, triple bottom. But by looking the spikes we can say that it looks like several bottoms test fail.
On the longer term Weekly chart we can see that the price has been rangi…
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