View RSS Feed

TechnoMeter

  1. EUR/USD – ranging to the possible bearish reversal

    by , 04-14-2017 at 02:30 PM
    Name:  eurusd-d1-metaquotes-software-corp.png
Views: 150
Size:  20.2 KB

    -Since the start of the year, EUR/USD daily RSI has oscillated between 60 and 40 (nothing above 70 or below 30). This ‘RSI profile’ indicates range conditions. At some point, these range conditions will break and a trend will emerge. When is that ‘some point’? I don’t know but it’s probably soon because this feeling of peak frustration is typical before a sizeable move. Price wise, a short term trendline is being put to the test. If it breaks, then short ...
  2. Weekly Technicals for Majors with Weekly RSI

    by , 04-03-2017 at 07:04 AM
    EUR/USD

    Name:  eurusd-w1-alpari-international-limited.png
Views: 194
Size:  44.8 KB


    “Recall that a key reversal occurred in January. There is divergence with RSI (monthly and weekly) and the decline from 2008 channels. The described conditions suggest a major bottoming scenario but if a new low is made then pay attention to 1.0200 (channel line).” Not much of anything has changed for EUR/USD on the long term charts. The downward sloping parallel near 1.1150 remains resistance as well as the trigger line for a major ...
  3. Technical analysis: EURUSD first long term bearish breakout attempt, AUDUSD small range weekly reversal at long term support zone

    by , 01-11-2015 at 09:22 PM
    EUR/USD
    Weekly




    -“BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant.”
    -EURUSD has now taken out the 2012 and 2010 lows. Only the 2005 low remains ...
  4. Technical Analysis October 26 - November 02: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, NZDUSD and USDCHF

    by , 10-26-2014 at 03:06 PM
    EUR/USD
    Weekly


    -BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant.
    -Near term, price action since the October low likely composes a 4th wave correction within a 5 wave decline from the May ...