With the look on Eur/usd 4hr time frame,I am waiting for breaking of 1.2251 and follow EU to 1.2162,below it ll be so dangerous forEur/usd because this point is confluence support price.if we look far left we ll see confluence region and price broke up to 1.2520 last week as depicted in the chart shown below. if the support got broken this week price ll look for another key support. Fig 1.1 EU – 4hr out look
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EUR/USD WEEKLY ANALYSIS
On weekly time frame of Eur/usd price found resistance at 1.2537 two weeks ago and last week candle was contained inside the previous bar, this week has broken last week low as this happened aggressively traders has taken position , conservatively we need to wait for a close below 1.2335 or a retest. if this happened price is heading to 1.2150 to find a support if failed then to 1.1920 Click on the chart below to view the weekly time frame of Eurusd:
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Cable(GBP/USD) Weekly Time Frame Analysis
There is reversal pattern on weekly time frame(TF) and we had price broken downside yesterday . There are more pressure to the south. If price breaks 1.4278 up again the trend will continue going bulish. In the picture below we will see more clarification on this set up where we should put our Target and also exit the market.
Continue ReadingGBP/USD DAILY OUTLOOK ANALYSIS FOR SEPTEMBER 21, 2017
It was a great war yesterday between sellers and buyer of cable as FOMC fundamental data was released. We had rejection from 1.3657 on daily and 4hr while weekly and monthly remain bullish. This reversal formation might be for just pullback and a quick rise up from the following price 1.3318/1.3214/1.3109
Continue ReadingGBP/NZD DAILY OUTLOOK ANALYSIS FOR SEPTEMBER 21, 2017
This volatile pair is bullish on both daily,weekly and monthly, for the past 5 days price has been pulling back , If today bar closed bullish and remain inside yesterday bar, I will pose to sell below today low or buy back from today high to make new high.
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