shan33's Blog
EUR/USD
The EURUSD pair continues to push on 1.1554 level in an attempt to break it, which supports the continuation of our bearish overview in the upcoming period, reminding you that our next target is located at 1.1443, and the price gets continuous support by the EMA50, while holding below 1.1640 represents the first condition to continue the suggested decline. The expected trading range for today is between 1.1443 support and 1.1640 resistance.
EUR/USD
A drop below support could come at any time, but we may first see another hold of support and further congestion. If 11500 stays firm then it may be more of the same; chop, chop, until either another attempt is made to break the big level or try and put together a rally. The chop could lead to a developed descending wedge, which for the patient trader may lead to an even better opportunity down the road as even more pressure builds
EUR/USD
The eur/usd pair is little changed this Friday, but below the 1.1600 level. Late Thursday, it broke below a daily ascendant trend line coming from the yearly low at 1.1507, completing a pullback to it on early Friday's turmoil, but still below the level, and close to its yearly low. In the weekly chart, the negative bias is still clear, as the 20 SMA continue gaining downward traction far above the current level, and, despite the Momentum, the indicator remains directionless, the RSI also turned…
EUR/USD
stronger US economic data continued underpinning the greenback demand, with the pair extending its rejection slide farther below the 1.1700 handle during the Asian session on Wednesday. Investors now brace for a packed US economic docket, with the key focus on the latest FOMC monetary policy update, for some meaningful impetus. The Fed is universally expected to leave interest rates unchanged but the accompanying statement will be looked upon for fresh signals over the upcoming rate hikes. This …
EUR/USD
EUR/USD rebounds notably today but the upside is limited well below 1.1790 resistance. Intraday bias remains neutral first. Consolidation pattern from 1.1509 is still in progress. In case of stronger recovery, upside should be limited by 1.1851 resistance to bring fall resumption eventually. On the downside, decisive break of 1.1507 low will resume a larger downtrend from 1.2555 through 50% retracement of 1.0339 to 1.2555 at 1.1447.…
CAD/CHF
Tools used for Analysis:
EMA (14 ), ATR, candlestick chart, Horizontal lines, volume. Support and resistance point.
Charts: weekly and monthly.
Support exists at 0.7373
Resistance exists at -.7738
Volume: Neutral low high
Trend: Side-wise
price moving in the range direction after testing resistance area
can stay in range direction for the coming weeks.
My expected target on3rd of September for CAD/CHF IS 0.7738
AUD/USD
Tools used for Analysis:
EMA (14 ), ATR, candlestick chart, Horizontal lines, volume. Support and resistance point.
Charts: weekly and monthly.
Support exists at 0.7332
Resistance exists at 0.7511
Volume: Neutral low high
Trend: Side-wise upside downside
price moving in the range upside downside direction after testing resistance support area
can stay in range upside downside direction for the coming weeks.
My expected target on3rd of September for