Euro ...Daily Technical Vision
- Thread starter Fares Shanab
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Euro may be intend to make head and shoulders pattern in Feb 2013
so, the head reach the maximum point which able to consider as top at 13715-13814
and this took a period of 2 weeks from 10 jan., and we expect to decline to 13240 to support again on this neck line till 14 feb. and likely to rise another week till 13405 to make top as consider as right shoulder then accelarate decline again to end this pattern nearly 130 levels and there we will decide if the pair will reach 123 level
let us watch carefully this route in Feb to first week of march
F.A.R.E.S S.H.A.N.A.B
That Was In 1 February
We Should pay more attention to this day
it is weekly close
it is monthly close
So, it is very important
There will be a strong movement in order to determine the point of the direction of the pair for the next month.
Any entry levels of 129, the pair would have to
Respect the points of support 12985 then 12933
Price as well as the balance point is located at 12960
Sell & Buy point at 13058
FOR DOWNTREND : TP1 13009 TP2 12960
FOR UPTREND : TP1 13107 TP2 13157
GOOD LUCK FOR ALL
it is weekly close
it is monthly close
So, it is very important
There will be a strong movement in order to determine the point of the direction of the pair for the next month.
Any entry levels of 129, the pair would have to
Respect the points of support 12985 then 12933
Price as well as the balance point is located at 12960
Sell & Buy point at 13058
FOR DOWNTREND : TP1 13009 TP2 12960
FOR UPTREND : TP1 13107 TP2 13157
GOOD LUCK FOR ALL
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The pair remains in a period of volatility, as I mentioned earlier
Line has been re-tested Top 13070 this morning
And now is trading at Pivot Point
I think that a rising euro and is only a matter of time may be delayed a bit
The pair has an interest by reaching area 12933, a point the great support he has received
before up boarding 13710
This will happen if breached 12960 points balance
North then begins his journey to 134 at the very least
Line has been re-tested Top 13070 this morning
And now is trading at Pivot Point
I think that a rising euro and is only a matter of time may be delayed a bit
The pair has an interest by reaching area 12933, a point the great support he has received
before up boarding 13710
This will happen if breached 12960 points balance
North then begins his journey to 134 at the very least
The Same As we Said, even the pair arrived to 13127(see our chart)
it return to 12933 to retest again
Look to this chart again
ٍAs we said in last post , Euro still in First chamber, try to jump to the second chamber
in its north trip
and it succeeded to penetrate the ceiling (1.3006) of this first room and recorded (High 13009)
Therefore, We think Euro will continue its up trend till the ceiling of second room(1.3082) and we should pay more attention to the points before reaching this ceiling @(1.3059 , 13065)
The sale will be the prevailing recommendation,
Stop loss at third ceiling (13127)
Euro may watch at this level , may will continue 133-134
Let's follow with "SHANABA" what will happen in the next week
BEST REGARDS
Fares Shanab
in its north trip
and it succeeded to penetrate the ceiling (1.3006) of this first room and recorded (High 13009)
Therefore, We think Euro will continue its up trend till the ceiling of second room(1.3082) and we should pay more attention to the points before reaching this ceiling @(1.3059 , 13065)
The sale will be the prevailing recommendation,
Stop loss at third ceiling (13127)
Euro may watch at this level , may will continue 133-134
Let's follow with "SHANABA" what will happen in the next week
BEST REGARDS
Fares Shanab
EUR/USD DAILY as of Monday, 25 March, 2013
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 45.01 in the neutral territory. The Relative Momentum Index is at 23.12 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 61.35. This value is in the neutral territory.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 45.01 in the neutral territory. The Relative Momentum Index is at 23.12 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 61.35. This value is in the neutral territory.
Attachments
EUR/USD DAILY as of Sunday, 31 March, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 29/03/2013, there are 6 white candles versus 4 black candles with a net of 2 white candles.
For the past 50 Daily candlestick bars as of 29/03/2013, there are 25 white candles versus 25 black candles.
A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 29/03/2013. This is usually a trade set-up opportunity and for example as the trend is bearish, place a buy-stop at one tick below 1.28 and a sell-stop at one tick above 1.28.
Elliott Waves High Volatility has detected an Isolated Low at 1.28 one bar ago ; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 39.02 in the neutral territory. The Relative Momentum Index is at 17.77 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 24.84. This value is in the oversold territory.
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 29/03/2013, there are 6 white candles versus 4 black candles with a net of 2 white candles.
For the past 50 Daily candlestick bars as of 29/03/2013, there are 25 white candles versus 25 black candles.
A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 29/03/2013. This is usually a trade set-up opportunity and for example as the trend is bearish, place a buy-stop at one tick below 1.28 and a sell-stop at one tick above 1.28.
Elliott Waves High Volatility has detected an Isolated Low at 1.28 one bar ago ; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 39.02 in the neutral territory. The Relative Momentum Index is at 17.77 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 24.84. This value is in the oversold territory.
Attachments
Daily Frame lead us to think about Bullish trend will start ,
RSI : 39
Stochastic: 17
Momentum: 99
Closing higher than the daily pivot: 12803
Let us see what will happen in this week
Really is that:
Trading would be dangerous in the week
Therefore we must pay attention much
And to have our share of profit of 15-20 points
We should not keep open any deal because Euro may be reflect suddenly
Thanks
RSI : 39
Stochastic: 17
Momentum: 99
Closing higher than the daily pivot: 12803
Let us see what will happen in this week
Really is that:
Trading would be dangerous in the week
Therefore we must pay attention much
And to have our share of profit of 15-20 points
We should not keep open any deal because Euro may be reflect suddenly
Thanks
Uptrend occur but late
owing the bad signals come from Europe Zone
I will post my vision on Monday
Tkx
Thank you
But it depends on the hardness 13295
Can the euro impenetrable to reach 134
And expectations can be a daily candle tail
And start landing there to 12585
ِAlso if the daily close below 13110, it is permissible for the husband to fall to retest 13030
But if it closed the day higher than 13110, it cause to climb into uptrend
This requires the closure of 4H candle or 2 of 1H candle without mediating bearish candle
Then make sure to climb to 13275
then sell about 50 points
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It seems That euro desire to visit 13280
if you see the follow chart you will note the less in Bottoms that made in Friday
and In the direction of tight tops
if you see the follow chart you will note the less in Bottoms that made in Friday
and In the direction of tight tops
Our vision still as previous post reply even Euro movement last week was flat
The target is 13285
and the flow chart which indicated that the polynomial trend(white color) began to curve uptrend
and you should know that any penetration to the point 12780 and close two candles of 4H frame that is the only threat the uptrend , so as long as the Euro above the point 12780 it is a must to to Describes as uptrend to 134 levels
The target is 13285
and the flow chart which indicated that the polynomial trend(white color) began to curve uptrend
and you should know that any penetration to the point 12780 and close two candles of 4H frame that is the only threat the uptrend , so as long as the Euro above the point 12780 it is a must to to Describes as uptrend to 134 levels
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