EURUSD tehnikal analysis

[radex78]

EURUSD today's price on 1.07894 based FXOpen trading platform, the price still move on previous range market, high 1.08135 and low 1.07064.

On timeframe daily, the price still moves near to lower band line, while MA 12 above the price indicates downtrend still walking on the way based indicator, small candle formed on yesterday market formed like a doji candle, RSI level 37 indicates downtrend based indicator, while stochastic level 17 indicates the price enter oversold zone level based indicator.

On the hourly timeframe, we can see the price move in a consolidation phase, on the short term, the upper band line act as ideal resistance based timeframe, and the lower band as a support zone level based timeframe, now price move on the MA 12 line, indicates flat market, RSI level 47 indicates downtrend based indicator, while stochastic level 47 sloping up indicates uptrend based indicator.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.09236 based FXOpen trading platform, the price formed bullish candle, on-trend continuation.

Daily timeframe shows the price touched MA 12 now trying to head up, after few days the price below MA line, the price also trying to crosses middle band line as first resistance, while RSI level show 46 indicates downtrend but the line sloping up. Stochastic level 56 slope up indicates an uptrend-based indicator.

Timeframe hourly, there are big movement on this timeframe, two candles success to breaking upper band line, and MA 12, uptrend strong at the moment, Bollinger band line expand as increasing volatility on the market, while RSI level 68 close to overbought zone level, and stochastic level 90 indicates overbought zone level based indicator.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today's price is 1.08357 based FXOpen trading platform. The price get seller pressure make fall to this level price yesterday the price formed high 1.09355 but after reach, the high then drop again as taking profit action.

Timeframe daily show after price touched middle band then bounce to the range between the middle line and lower band line.RSI level show 41 indicates downtrend based indicator, while stochastic level 46 slope up indicates uptrend on current signal.

Timeframe hourly, Bollinger band line start to flat horizontally weaken volatility, and the price below MA 12 line and middle band line indicate downtrend based indicator, RSI level 47 indicates downtrend, stochastic level 22 already out from oversold zone level.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.08037, the price now move on support zone based history, there is no gap occurs on this morning, the low timeframe M5 looks normal price chart formed.

Timeframe daily, the price now still move on the middle band and lower band zone line, Bollinger band expand looks increase volatility on this timeframe, the price below MA 12 means still downtrend market-based indicator, RSI level 39 indicates downtrend also.

Timeframe hourly now the price touch middle band zone and MA 12 indicator, but the price still not yet crosses the line, this still become fisrt resistance dynamic level, RSI level 46 indicates downtrend based indicator and stochastic signal level 79 close to overbought zone level based indicator.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.07076, the price drops yesterday on large pips, formed low 1.06962.

On timeframe daily, the price move on the lower band zone level, and the price below MA 12 line, RSI level 35 indicates downtrend, and stochastic level 9 indicates the price already in the oversold zone level.

On timeframe hourly, sideways market occurs where the few candles formed flat the price move on small range, overall the price below MA 12 and middle band line, indicates downtrend based indicator, RSI 36 indicates downtrend, stochastic level 44 slope down indicates downtrend based indicator.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.06443 based FXOpen trading platform. The price still continues to bearish on yesterday's market.

Timeframe daily at present time, the price already crosses lower band line indicates downtrend quite strong, but now the price trying to bounce enter on BB line zone, the price still below MA 12 line indicates downtrend based indicator, while RSI level 33 indicates downtrend close to oversold zone level, stochastic level 3 means price already on oversold zone level based indicator.

Hourly timeframe, BB line expanded as increased volatility, the price below MA 12 indicates downtrend based indicator, RSI level 33 indicates downtrend close to oversold zone level, stochastic level 40 slope up as current price on an uptrend.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.05514 based FXOpen trading platform, the price continue to bearish yesterday with a strong downtrend market.

on timeframe daily, the price EURUSD already break lower band line and now the price outside BB line, the strong downtrend make the price drops drastically and far away from MA 12 indicator, RSI level 29 based theory already enter on oversold zone level, where OS-level RSI is 30, however, there are trader use level 20 and 80 as crucial level. stochastic level 7 indicates an oversold zone level-based indicator.

On timeframe hourly, now the price is flat, consolidation phase, this is Asian session usually low trading volume, the price below MA line and middle band line, indicates downtrend, BB line expanded as increase volatility, RSI level 34 downtrend not yet enter oversold zone level, stochastic 9 indicates oversold zone level based indicator.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.05005, the price still continues to drop with a strong downtrend market.

On timeframe daily show the price now break lower band line and below the line, it is the price outside the BB line at the moment, the price also far away from MA 12 line, Bollinger band line expand as increase volatility, while RSI level 27 already enter on oversold zone level, stochastic 8 technically enter on oversold zone level also.

On timeframe hourly, the price below MA 12 and middle band line, while Bollinger band formed small range but on downtrend pattern, RSI level 40 indicates downtrend, and stochastic level 26 get out from oversold zone level.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.05456, the price trying to head up after a strong downtrend occurs on last week, bulls candle formed with small size.

On the daily timeframe, the price now reverses back to Bollinger band range, but still, consolidation on lower band zone level, while the price below MA 12 indicates downtrend based indicator, and RSI level 31 close to oversold zone level based indicator, out from the zone.

On the hourly timeframe, the price above MA line and trying to head up, and still move on middle band line, RSI level show 51 levels still in neutral trend, stochastic level;l 17 indicates the price in oversold zone level based indicator.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.05054 based FXOpen trading platform, the price still hard to reverse uptrend. The market price is still in the consolidation line.

On timeframe daily, the price movement on the range market high 1.5995 and low 1.04701 price level during three days market, yesterday the price drops after high on top range price and land to low zone price that acts as a support level. The price now still below MA 12 line indicates downtrend based indicator, and now price at lower band line, possible as a support zone level based indicator, but the main focus to BB line is expanding the line formed slope down line indicates a downtrend. RSI level 30 indicates an oversold zone level, while stochastic level 17 indicates an oversold zone level.

On timeframe hourly, the price is still below MA 12 line but candle trying to cross up the line although not yet confirmed BB line squeeze most direct line is slope down, where upper band acts as resistance and the lower band as support zone level. RSI 46 indicates a downtrend, but the line slope up trying to reverse, and stochastic 51 indicates an uptrend due to the line slope up.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).