broskibroski
New Member
Does EURUSD, GBPUSD, NZDUSD and AUDUSD all move the same? Because thats something that I've noticed
General EURUSD Chart Analysis
- Thread starter Frano Grgić
- Start date
MusBlessed
New Member
Great analysis. I wish there would be an analysis for XAUUSD also like this one
dadangkumala
New Member
nice
kennyhoang
New Member
thank you much for your very simple chart to look at. btw I'm buying EU now - is it ok?
Frano Grgić
Active Member
In the analysis from the last week I said that the market does not look too bullish that would move the price easily up to $1.19000. The market overview shows just that.
The pip range this week was 80 pips and it means that the price was in the indecision area. The middle of the range area between $1.17000 and $1.19000 is still holding the price from large movements.
I am expecting the price will try to break above $1.19000, but before doing that it could make a pullback to the area between $1.18150 – $1.18200 which is the current support that held the price two times this week.
The pip range this week was 80 pips and it means that the price was in the indecision area. The middle of the range area between $1.17000 and $1.19000 is still holding the price from large movements.
I am expecting the price will try to break above $1.19000, but before doing that it could make a pullback to the area between $1.18150 – $1.18200 which is the current support that held the price two times this week.
Frano Grgić
Active Member
Yes, That is what I have done. There were no clear signal for entering into the trade.
Frano Grgić
Active Member
You are welcome.
I cannot tell you what to do. You should do your own analysis and make a decision based on that.
If the chart and analysis can help that is great. I am not a financial advisor so I cannot suggest what to do. Sorry.
Frano Grgić
Active Member
The market week behind us has done a huge move forward. The price has done two things I have mentioned in the previous week forecast.
The price:
Made a pullback to $1.18150 – $1.18200 area
Bounced back above $1.19000
New highs for EURUSD are in this order.
First high is around $1.20800 where the price will probably stop and make a pullback. This level acted in the past as a strong resistance.
On the chart it is visible that the uptrend channel resistance line is making a confluence of resistance at that area together with the horizontal resistance line.
The price:
Made a pullback to $1.18150 – $1.18200 area
Bounced back above $1.19000
New highs for EURUSD are in this order.
First high is around $1.20800 where the price will probably stop and make a pullback. This level acted in the past as a strong resistance.
On the chart it is visible that the uptrend channel resistance line is making a confluence of resistance at that area together with the horizontal resistance line.
Frano Grgić
Active Member
After reaching the $1.20000 level the price bounced down as a reaction to strong sellers and buyers who took the profits.
Strong resistance level acted as a strong psychological level(round number) that forced buyers to exit and sellers to enter.
At the $1.20800 level price could find support to move higher and head towards $1.25000.
The first resistance level that is stopping the price reaching $1.25000 is $1.22845. It is an area around $1.3000 level.
Strong resistance level acted as a strong psychological level(round number) that forced buyers to exit and sellers to enter.
At the $1.20800 level price could find support to move higher and head towards $1.25000.
The first resistance level that is stopping the price reaching $1.25000 is $1.22845. It is an area around $1.3000 level.
Frano Grgić
Active Member
Frano Grgić
Active Member
EURUSD chart shows the price behaviour in the previous week. What is visible is the price pullback from $1.21793 to $1.20800 which is the first support level.
The daily close of Thursday candle was not above previous daily candles close, $1.21430 level, which is now an important resistance level to break in order to continue moving up.
I am bullish oriented for now until the price is above $1.20000 and until the price reaches $1.25000.
The daily close of Thursday candle was not above previous daily candles close, $1.21430 level, which is now an important resistance level to break in order to continue moving up.
I am bullish oriented for now until the price is above $1.20000 and until the price reaches $1.25000.
jerrymarvis
Member
Wooow, this is awesome, I like it
Frano Grgić
Active Member
thank you
Frano Grgić
Active Member
At the beginning of the week the price has stalled at that level. The price returned back to the previous uptrend channel resistance line and then bounced back up.
The next day, on Tuesday, the price made an indecision candle, but the candle closed with price above $1.21430.
The next week will be a slow week due to holiday, but I am expecting the price to reach the $1.25000 level eventually.
The next resistance will be again on the $1.22845 and after that $1.24000. What we can see is that the price for now does not have any strong resistance except $1.24000 level.
The next day, on Tuesday, the price made an indecision candle, but the candle closed with price above $1.21430.
The next week will be a slow week due to holiday, but I am expecting the price to reach the $1.25000 level eventually.
The next resistance will be again on the $1.22845 and after that $1.24000. What we can see is that the price for now does not have any strong resistance except $1.24000 level.
thanks you for analysis sir
Adeusi2011
New Member
this eurusd is the most volatile currency of all currency.
Frano Grgić
Active Member
In the previous week forecast I have mentioned that the pair could make a retrace back to $1.21793 which happened already on Tuesday.
The price retraced back strongly and formed a bullish Pinbar. The Pinbar shows us that the market is still supported with strong buyers waiting on the support level. The $1.21793 level is a confluence of support.
The market is moving steadily to the upside. The resistance levels are $1.22845 and $1.24000 which will hold the price from reaching $1.25000.
The price retraced back strongly and formed a bullish Pinbar. The Pinbar shows us that the market is still supported with strong buyers waiting on the support level. The $1.21793 level is a confluence of support.
The market is moving steadily to the upside. The resistance levels are $1.22845 and $1.24000 which will hold the price from reaching $1.25000.
Frano Grgić
Active Member
We had EURUSD making a bullish candle on the confluence support area right at the start of the week.
As I said in the previous week EURUSD forecast the support $1.21793 was the support that holds the price from falling down.
We can expect the price to reach a confluence level of support and from there move up. The $1.22845 is the resistance that will be harder to break above.
When that happens the price will have $1.24000 level as a harder level before it reaches $1.25000
As I said in the previous week EURUSD forecast the support $1.21793 was the support that holds the price from falling down.
We can expect the price to reach a confluence level of support and from there move up. The $1.22845 is the resistance that will be harder to break above.
When that happens the price will have $1.24000 level as a harder level before it reaches $1.25000
Create an account or login to comment
You must be a member in order to leave a comment
Create account
Create an account on our community. It's easy!
Log in
Already have an account? Log in here.
Members Online
No members online now.
