With technical analysis at the root of profitable short-term trading strategies, it’s time to break down the root of technical analysis — spotting the trend.
EURUSD appears overbought
The Congestion Opportunities Strategy has just bought EURUSD at 1.19258. The system recommends entering this trade at any price between 1.19082 and 1.19433. The signal was issued because the 28-hour Relative Strength Index indicates that the EURUSD may be overbought, while the Speculative Sentiment Index reading of -1.34658 indicates that...
EURJPY facing bullish pressure, potential for more upside
Prices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement . Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to...
EURJPY facing bullish pressure, potential for more upside
Prices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement. Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach...
EURUSD is facing bearish pressure | 5 Mar 2021
Price is facing bearish pressure from our resistance and we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well.
EURUSD is facing bearish pressure | 5 Mar 2021
Price is facing bearish pressure from our resistance and we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well.