Posts

Chart of the Day – EURUSD – (November 5th 2019)

Following a strong move higher that breached through several areas of resistance, the EURUSD is in danger of posting a double top if it fails from current support level.

Chart of the Day – EURUSD – (October 17th 2019)

The EURUSD closed at the downtrend line of the descending wedge that has captured the low volatility of the pair for the last couple years. Today, we tested that resistance near the 1.1140 level.

Chart of the Day – EURUSD – (September 26th 2019)

The EURUSD looks set to test the 109.00 level overnight, but traders should be aware of the longer term descending wedge which has held as support since 2017.

Chart of the Day – EURUSD- (September 3rd 2019)

The EURUSD found support ahead of the 161% extension of the May lows to June highs near the 1.0920 level.

Chart of the Day – EURUSD- (June 27th 2019)

The EURUSD is quietly consolidating above the 200dma as price action continues to compress into a pennant.

Chart of the Day – EURUSD- (June 24th 2019)

The EURUSD has closed above the 200dma and also the 35% Fibonacci retracement of the Sept 2018 highs to April 2019 lows.

Chart of the Day -EURUSD- (May 23rd 2019)

The EURUSD is at risk of a double bottom being formed since the 1.1110 level held as support once again.

Chart of the Day -EURUSD- (May 8th 2019)

The EURUSD has developed a triangle consolidation despite the AB=CD pattern pointing lower. Obviously, the risk moving forward is the China/US trade deal in the coming days.