EURUSD price range still moves on the daily timeframe, when the price reaches high points then drops and reach the low point again, on the price range may be trader will try to get swing up and swing down in short term trading periods.
Based MA indicator the price is below the indicator line, which means in the downtrend-based theory, meanwhile based on the Bollinger band indicator the price is still in the middle band, this is not easy to say because this is solid support from the past few days.
Now hourly BB line expanding assign increase volatility, meanwhile RSI level 41 indicates downtrend, but stochastic level already on oversold at 16 levels..
Forex and CFDs are complex instruments and come with a high risk of losing
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EURUSD price yesterday success to formed new low point, after price breakout and get pressure from the seller the price landed at lower low, but the decline does not occur one direction, the price gets pressure from the buyer at low point price and brought the price rising and formed pin bar candle.
Based on Bollinger band in a daily candle, the price now moves at the lower band, this is probably becoming support level at the moment, but the war of Russia vs Ukraina maybe still make financial market get impact from this geopolitical news.
It is possible the rebound because taking profit action and leading the pair formed pin bar candle, now in hourly price move on the middle band and below MA 12 line, RSI level 41, stochastic 67
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
Monday morning, on EURUSD trading pair also occurs long distance of gaps, the gaps is a condition where the open price very far different to close price on the previous candlestick, a gap occurs usually on Monday after holiday forex Saturday and Sunday, the gap occurs because on holidays there are big transaction in the market but data not yet entering in the data center, when market open then occurs gap because flooding data increasing formed gap as result open price far distance from closing price previous candle.
Usually, after a gap occurred then the price will move to recover the gap although not always happen often this occurs even need more time.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
Yesterday's market, EURUSD trying move to recover the gap, but the price has not yet reached a close price where the gap starting to occur, the price now at 1.12163 based FXOpen trading platform, although the price try to heading up, but still need more power to achieved.
In the hourly timeframe now the price above the MA line indicates an uptrend-based indicator, meanwhile read the Bollinger band now the price above the middle band amid the upper band and middle band in the hourly timeframe, RSI 51 level indicates an uptrend, stochastic 74 indicates bullish close to overbought zone level.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
USD still trying to strengthen to Euro, the price drops on support zone level 1.11270, but the downtrend already moves 84% become attention possible to reversal movement.
In the hourly timeframe, now the price formed flat candle, the price above the lower band and below middle band line based Bollinger band indicator, RSI level 39 indicates a bearish trend-based indicator, meanwhile stochastic show level 62 indicates bullish not yet reach overbought level.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
Euro still get pressure by USD, yesterday market the ERUSUD price again formed new low, although in closing price it near opening price, but the downtrend still dominant on this trading pair. based custom indicator wyfx nitro the current down reach 8% in the daily timeframe, need to pay attention possibility reversing the trend.
Based Bollinger band indicator now the line started to expand, which means increased volatility, and RSI level 37 indicates in the downtrend market has not yet reached oversold zone level. while stochastic level 20 means the price is close to oversold zone level based stochastic.
Go to hourly, the price move flat condition on upper band line. but the price tries to cross MA 12 from the top, and RSI level 46 indicates a downtrend-based indicator and the stochastic 32 level means in the downtrend market does not yet enter the oversold stochastic level.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
EURUSD yesterday's market success to break low and formed new low in a bearish market. now price level 1.10660, the price continues to decline following the major trend-based monthly timeframe that starting to downtrend market in June 2021.
in the daily timeframe, the price is still below MA 12, and the Bollinger band also expanding the line as increasing the volatility of the price. while RSI value 35 indicates the price in downtrend not yet enter oversold zone level based indicator. while stochastic level 17 indicates already enter oversold zone level based indicator.
In the hourly timeframe now the price move below MA 12 and middle band, which means the trend is weighted in the downtrend-based indicator, while RSI level 40 indicates the downtrend has not yet entered the oversold zone level based indicator, while stochastic level 90 means the price already in overbought zone level based indicator.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
EURUSD continue to drops on the post last week, the price formed a new low again after on the previous candlestick already formed new low, based on monthly timeframe, the price in the bearish market for the long term with the next support zone level 1.06141.
Based daily timeframe now the price is already still below MA 12 line and trying to head up, while RSI level 30 sloping down, try to enter oversold zone level, stochastic level 9 indicated in oversold zone level based stochastic.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
EURUSD price today at 1.08591, the price success to continue drops yesterday and formed new low, 1.08052, now the price try to consolidating rise to current price 1.08578.
In the daily timeframe, RSI level shows oversold zone level at 27, while stochastic also show oversold level 11, if current price based indicator oscillator already on crucial zone oversold area, but the global economic where the war in Ukraine still giving impact to the market, possible the decline continues, but as a trader needs to prepare the risk.
Hourly timeframe now price move on sideways, where the price below MA 12 and middle band line, RSI level 40. stochastic level 20
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
EURUSD today price 1.08903, the price formed bulls candle yesterday market, after previous day decline, seems the price try to consolidating moment, where there is buyer tension trying to push the price moving to an uptrend.
Dailly timeframe now prices still below MA 12 lines, means the trend still on downtrend market-based indicator, RSI level 30 and stochastic level 14 means the price already on oversold zone level based indicator. while Bollinger band line expanded means increased volatility.
Based on the hourly timeframe now price try to cross down the MA line and middle band line. while RSI level 48 means a downtrend market-based indicator, and stochastic level 15 is the red zone as an oversold level-based indicator.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
