EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
honeill
Sergeant
- Messages
- 1,126
On the last Friday’s session the EURUSD initially fell but found enough buying pressure to trim some of its losses however still closed in the red but near the high of the day, in addition the currency pair managed to within Thursday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (support), other Fibonacci extension at 1.1291 (support), a daily support at 1.1237, the 10-day moving average at 1.1260 (support).
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (support), other Fibonacci extension at 1.1291 (support), a daily support at 1.1237, the 10-day moving average at 1.1260 (support).
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD finally found some resistance at 1.1445 and formed a hanging man candlestick on the daily time-frame at that level before bouncing off from the resistance. The closest target is likely around 1.1345 and a breakout below that level could lead to a further move to the downside towards 1.1270, which coincides with the (MA)89 indicator on the four-hour time-frame.
Euro Dollar / US Dollar-EURUSD As of 03/07/17
*** Intra-Daily Trading Strategy:SELL Euro Dollar / US Dollar
Sell Target: 1.1345
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 27 white candles versus 21 black candles with a net of 6 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.07%, and has been fluctuating from a high of 1.145 to a low of 1.129.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition.No Stochastic Buy or Sell signals generated today. The last signal was a Buy6 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 1 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL163 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy4 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 15.6%. Bollinger Bands are 6.81% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy:SELL Euro Dollar / US Dollar
Sell Target: 1.1345
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 27 white candles versus 21 black candles with a net of 6 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.07%, and has been fluctuating from a high of 1.145 to a low of 1.129.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition.No Stochastic Buy or Sell signals generated today. The last signal was a Buy6 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 1 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL163 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy4 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 15.6%. Bollinger Bands are 6.81% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair closed below Friday’s low, which suggests a strong bearish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (support), other Fibonacci extension at 1.1291 (support), a daily support at 1.1237, the 10-day moving average at 1.1308 (support).
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (support), other Fibonacci extension at 1.1291 (support), a daily support at 1.1237, the 10-day moving average at 1.1308 (support).
The single currency recorded a decrease against the US dollar on Monday. The session started at 1.1417 and the euro lost 54 pips. Daytime extreme values were reached at 1.1426 and 1.1354 respectively. If the euro continues to move down, we can expect a first support test at 1.1280.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair closed below Monday’s low, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1328 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1328 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
