The price is now 1.13000, based wyfx indicator its turned down 71% already, based on daily timeframe the price tendencies to bearish for this week, day by day formed new low and high formed high that below the previous high.
Meanwhile in H1 timeframe, wyfx indicator signaling downturn still in starting point 12%, but a based indicator, BB now price at the middle band and above MA line, meanwhile candle pattern on three hours formed price move on the range, its correction times,
EURUSD drops sharply during yesterday's market session, now the price is 1.12385, and the based indicator has already moved down 85%, usually, the price will not move in one direction, based indicator possibly will pull back on the trading pair later.
Based H1 timeframe now RSI level is already on oversold zone level 26.
EURUSD success to break low and formed long body candle yesterday, the price move down rapidly and sharply, it is possible the trading pair tryng to reach the next support zone level, the next support only can be seen through weekly timeframe, because in daily timeframe already formed bearish long term after few days on long correction time
Now H1 timeframe the pair price in flat condition, seems no movement on price and very low trading volume on Asian session market because the price already drops very deeply, must be careful for a pullback before continuing the trend.
This morning, the market has opened and there is gap that occurs on EURUSD, where the open price has a distance to closing price from the previous candle, this can be looked at low timeframe like a 15-minute timeframe, and now the price trying to cover the gap.
EURUSD on Monday trading already move in high volume transaction, the price moved to the formed bullish candle after on Friday market the trading pair drops drastically, seems this pair trying to head up on the early week, but is it the pair will success to formed new trend or it's only as consolidation phase, now price in resistance zone level, it's possible to become strong resistance, but if breakout, the price could move on previous range market.
in the H1 timeframe now the BB line indicator expanding as a signal increasing volatility market, meanwhile RSI level 64, already crossing the overbought zone and steep down indicating a downtrend signal.
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Yesterday's market the pair EURUSD still move on the bulls market, the price continue to rise and now landed on price level 1.13000, now the timeframe H1 the price move on uptrend based trendline, but the last candle in a correction phase.
RSI level now 59 indicates weighted to uptrend market, based indicator, start Monday market the trend tendencies to uptrend and now the pair success crossing MA line from bottom to top indicates bullish strong.
CFDs are complex instruments and come with a high risk of losing
your money.
EURUSD success in soaring the price and landing on the previous high zone level, the soaring triggered by news on the eurozone that supporting the currency strongest against US dollar. based technical analysis now price already on top price as resistance zone, but RSI level 57 indicates the price not yet entered on overbought area, based indicator the trend still bulls market
But if take a look on the candle pattern, now the pattern is parallel means in flat or sideways condition, maybe this is because the market waiting for the momentum, where Asian session usually has low volume trading market, meanwhile RSI level now already enter the overbought zone on this timeframe, beware with rejection if this zone able to breakout te possibility price continue rising
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
Monday morning, on the EURUSD trading pair there are small gaps that can be seen on the small timeframe, now the price is already on top price and considered as resistance zone-based trading range.
Meanwhile, on hourly timeframe, now the price in a sideways market, its can be seen by Bollinger band indicator where the lines narrowed and squeeze the price, meanwhile, RSI value 60 indicates uptrend still on the weighted pattern, but stochastic giving the different signal, it weighted to downtrend signal.
CFDs are complex instruments and come with a high risk of losing
your money.
Monday market, the price is in a consolidation phase, where the price gets a rejection on resistance level as high price, the price trying to down, but there is pressure and back to bring the price on 1.14404. It is an equilibrium zone, where price tries to head up but fails and is rejected, and trying to down, but not enough power to fall further.
Based H1 timeframe, now the price EURUSD in sideways of flat condition, where the price inside the upper band and lower band, meanwhile bollinger band formed Squeeze Bollinger band, its mean low volatility and if this condition end, the line will expand
CFDs are complex instruments and come with a high risk of losing
your money.
Consolidation price still not yet end, yesterday market the pair formed bearish candle but in low trading volume, the price success to formed new low price level 1.13955, but then coming buyer pressure and shifted the price to 1.14142.
Meanwhile, in hourly, the price now formed sideways market, this often occurs on Asian session market that has low trading volume, RSI value 47 indicates weighted to downtrend, meanwhile stochastic signaling downtrend too.
