Daily price is on primary bearish market condition for testing key support level at 1.2514 to below for the bearish trend to be continuing. Chinkou Span line and Absolute Strength indicator are estimating the ranging condition, and Trend Strength indicator is evaluating the trend as the bearish in the near future. If D1 price will break 1.2514 support level on close bar so the bearish trend will be continuing. If D1 price will break ...
The Euro accelerated lower against the British Pound, putting in the largest daily loss in six months and exposing the 0.77 figure. Prices established a top with the formation of a Bearish Engulfing candlestick pattern as expected, with subsequent losses hinting the long-term down trend may be resuming. Near-term support is in the 0.7683-0.7703 area, marked by a horizontal pivot and the 38.2% Fibonacci retracement. A break below this barrier ...
Daily price is on local uptrend as the secondary market rally: the price is testing Ichimoku cloud levels for the possible reversal to the ranging bullish market condition. Chinkou Span line is crossing the price to above on open daily bar for the possible bullish reversal by breakout, and Absolute Strange indicator is evaluating the bullish trend to be started in the near future. If D1 price will break 154.70 support level on close bar so the bearish trend will be ...
EUR/JPY: bearish breakdown. Daily price is on bearish market condition located to be below Ichimoku cloud: the price broke some key resistance level for the good breakdown which was stopped by 122.53 and 122.02 support levels. Chinkou Span line broke the price to below for the breakdown to be continuing, and Absolute Strength indicator is estimating the bearish trend in the near future. There are the following news events which will be affected on EUR/JPY price movement for the week ...
W1 price is on primary bullish condition with secondary correction with good possibility to reversal. The price was on correction since the middle of january this year: price was bounced from 1.2922 to start to be ranging near Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. Tenkan-sen line crossed Kijun-sen line of Ichimoku indicator to below which is indicating the primary bearish market condition in the near ...
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