EURUSD tehnikal analysis

[radex78]

Yesterday market price EURUSD still move on the previous zone candle, it formed a small body candle and like as Doji, this is in the consolidation phase where the trend will not yet confirm for clear, the price pattern on the daily candle still inside the bar,

Now use H1 timeframe for short term analysis, price now formed bullish pattern on this timeframe and already touched upper band line, this is resistance level price, where is breakout then price will continue to reach previous high as the next resistance, but sell signal still need to wait for the next candle, if appear bearish candle, possible the price will again to decline, but f no hence the price will continue to rise

This analysis is only my opinion and not a piece of investment advice, each trader has their own responsibility for the risk in trading.

 

[radex78]

EURUSD move drops yesterday market, but then make reversion to the formed bullish pattern, we can see on the H1 timeframe, this pair move drops and formed long body candle, but then the price move to rising again and now already on the half candle. but the last get weak movement, the price still faces strong resistance on 1.13781.

Based on the indicator, the price is now above the middle Bollinger band line and RSI value 55 as uptrend signal, o0n this condition maybe still so difficult to determine the direction ahead, but indicator help to make a decision but keep to use risk management plan like place stop loss.

 

[radex78]

EURUSD price move on previous range market yesterday, the pair unable to break high and continue to rise, but the price movement on correction time where the price move on the sideways market, it's formed inside bar candle that reflected the price move is weak after the strong trend previously.

H1 timeframe now the price enter on support zone, and possible price break low or bounce to rise, the price move on flat and now at the lower band. meanwhile based on MA 12 the price is still below the line as indicated a downtrend still signaling, RSI value is now 40 on the daily timeframe, it's not yet enter the oversold zone.

 

[radex78]

EURUSD still moves on the range previous daily, the price although drops but still in small trading volume, the price land at low 1.12946, the next possible support level 1.1800, on this morning the price occurs spike movement and formed gap candle, but already covered by movement. focus Friday market is there are news NFP later will possible make increasing volatility of the pair, many traders maybe stay away from the market and turn off their EA during news to avoid high-risk impact NFP.

Take a look at the H1 timeframe, now the price moves at the lower band area, and RSI level 43 indicates a downtrend-based indicator and has not yet entered the oversold zone.

 

[radex78]

Monday morning the market was already open and now all traders can monitor the chart on the platform trading, I am using FXOpen platform trading so, I run MetaTrader 4 and take a look at the market.

There is only a small gap that can be seen on 5-minute timeframe, the price movement on EURUSD still on the range previous daily, impact on NFO last week only make the price move rapidly but temporary, the price land to the early track after move to rising, the next prediction this pair still move on the previous daily range, where 1.13816 may act as nearest resistance, and 1.12350 may act as nearest support

 

[radex78]

The price still moves on inside bar, there are not yet breakouts on the low bar, but if we take a look based monthly timeframe, the major trend is still bearish, meanwhile, on daily, the pattern is formed a symmetric triangle, it possible after the pattern completed then will make the price drops significantly.

Now back on the H1 timeframe the price on the sideways market, although formed bulls pattern but so weak pattern, the price now at lower band area as a support zone, meanwhile RSI value 46 indicates downtrend pattern.

Daily high 1.12847
Daily low 1.12801

 

[radex78]

Daly pattern still formed bearish formation, yesterday the price success to formed new low, but then there are buyer pressure and make the price move to rise as retracement time, on long term probably the pattern still on a downtrend, but on short term still possible the price move to the resistance level.

Now, based H1 timeframe, the price already crosses the MA line to up, which indicates bullish now, here the upper band line Periode 20 becomes the next resistance that may land 1.13017, RSI value 49 indicates an indecision trend.

Daily high 1.12719
Daily low 1.12805

 

[radex78]

The price eventually formed a bullish candle yesterday, this movement included high volume trading and formed long body candle, but now the price-based history is already on the resistance zone, a trader should be careful to reverse movement, although the reversal pattern is not yet confirmed.

Now go to the H1 timeframe, we can see if the price is already in weak buying pressure, the price move on sideways now, the next scenario, when the price success to break high, possible continue to bullish, but when the price break low, hence will leading price move to downtrend and maybe the next target in previous low.

In this case, the Bollinger band line already expanded as increased volatility, and the price success to break the upper band line, meanwhile RSI value 64 indicates bullish and not yet enter the overbought zone.

Daily high 1.13436
Daily low 1.13385

 

[radex78]

The EURUSD price back to down again after previous day formed high on an uptrend, but then the price drops again, now price at 1.12931, based on MA 12 still on a downtrend because price below the line, and based on Bollinger band now the price move on the middle band with a squeeze, its decreasing volatility.

Now based on the H1 timeframe, the price move on sideways, the price move on the small range hourly timeframe, MA line indicates downtrend, and BB line also indicates a downtrend, while the RSI value 44 indicates downtrend, but the market is very dynamic.

Daily high 1.12974
Daily low 1.128731

 

[radex78]

Monday morning, there are gap has occurred on EURUSD, the open price has gap distance to the closing price on Friday market, we can see the gap on the H1 timeframe at once, but now the price has already recovered the gap, it often occurs when gap happens than price will move to cover the gap.

Now price 1.13115 the price already weak to push higher, the price success to recover the gap but still unsuccessful to break high, there are still has possibility to the price go down and continue bearish for long term. now the RSI value is 54 indicates bullish, meanwhile price now already move area upper band, its resistance area.