H4 price is ranging within 100 period SMA (100 SMA) and 200 period SMA (200 SMA) waiting for the direction to break the levels. The key reversal support/resistance levels for this pair are the following: 50.0% Fibo resistance level at 1.0922 located near and above 200 SMA in the beginning of the bullish area of the chart, and1.0859 support level located below 100 SMA/200 SMA in the primary bearish area. RSI indicator is estimatying the ranging bullish ...
D1 price is on primary bearish with secondary market rally: Chinkou Span line is near to be crossed with the price from below to above for good breakoutSinkou Span A line as the border of Ichimoku cloud/kumo is located exact above the price for now; if the price crosses this line so we may see the reversal of the price movement from primary bearish to the primary bullish market condition.Nearest support level is 1146.10Nearest resistance level is 1204.43 W1 price ...
How to detect forex trends Detecting a trend is an important part of predicting direction in a currency pair. Tomorrow’s prices usually follow or continue today’s trend. There will, of course, be reversals and ranging behavior within the trend but it is easier to trade with a known trend than to predict when it changes. The task of the forex trader is to detect variations or waves of sentiment. The trader needs to ask: is there a shape to changes in sentiment and can it be detected? ...
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Originally Posted by igorad Originally Posted by Darren Wcw Hi Igorad,can you please update the indicator,it's not working in 600+ version Hi Darren Wcw, Please check out the updated AllAbsoluteMarket indicator for the new MT4. Regards, Igor