Monday, 25 January 2016
EURUSD, DAILY TECHNICAL ANALYSIS
The pair is congesting in a descending triangle marked by trendlines S and R after retest of broken trendline support marked X which is now a strong resistance zone. If the pair moves and closes above R then the trendline X zone will be the target. The movements within the triangle show a large bearish bias, but this can only be confirmed by break and close below trendline Support marked S. The first target will be the previous lows in a support zone around 1.0633 marked by T.
Sunday, 3 January 2016
WHAT HAPPENED
ANALYSIS RESULTS
GBPJPY WEEKLY
The pair is about to hit our projected Take profit as discussed in the previous article.
AFTER
USDJPY DAILY
The pair reacted as we had discussed in the PREVIOUS ARTICLE
BEFORE
AFTER
GBPAUD DAILY
The pair hit our targets as DISCUSSED
BEFORE
AFTER
EURGBP 180 PIP MOVE
4 HOUR CHART TECHNICAL ANALYSIS
The 180 pip move will be confirmed by the break and close below the trendline marked A. The first support zone will be around 0.72794 marked by T1, then reaction on that support area will confirm the completion of the 180 pip move into the 072088 support level, which is the zone of the monthly blue trend line on the figure below as a retest of the broken monthly trend line.
4 HOUR CHART TECHNICAL ANALYSIS
The 180 pip move will be confirmed by the break and close below the trendline marked A. The first support zone will be around 0.72794 marked by T1, then reaction on that support area will confirm the completion of the 180 pip move into the 072088 support level, which is the zone of the monthly blue trend line on the figure below as a retest of the broken monthly trend line.
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