GIGFX Technical Analysis Report For Majors (Updated Daily) - page 21
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
EUR/USD
Breaking the bottom border of the symmetric triangle pattern was the reason behind exiting the pair from the confusion area to continue declining inside the bearish channel, the pair succeeded to break the support level 1.3422 downwards till reached the level 1.3320 which coincides with the bottom border of the channel and also represents 161.8% of fibonacci's continues level for the bullish wave (from 1.3422 to 1.3617), after rising the pair from the formed bottom at the level 1.3320 during the last trades it is expected that the pair will re-test the level 1.3422 which became a resistance level, breaking the level 1.3422 upwards means more rising targeting the next resistance level at 1.3320.
The stability of these expectations requires the stability of the support level 1.3320.
Res: 1.3397 1.3608 1.3686
Pivot: 1.3397
Sup: 1.3264 1.3186 1.3053
" />" />" />" />" />" />" />
EUR/USD
The pair is still forming a bearish direction for near and mid-term trades through moving inside a bearish channel, the pair continued declining reaching the level 1.3303 which represents 161.8% of fibonacci's continuous level for the bullish wave (From 1.3422 to 1.3617), existing the reversal positive divergence appeared from the stochastic index is noticed and this is a strong sign of the probability of forming a corrective bullish direction that will be confirmed with holding the level 1.3303 and if the pair broke the resistance level 1.3350, this scenario requires the stability of the level 1.3303, breaking this level means more declining targeting the next support level 1.3230.
Res: 1.3399 1.3451 1.3493
Pivot: 1.3357
Sup: 1.3305 1.3263 1.3211
" />" />" />" />" />" />" />
EUR/USD
The European currency held its gains on Tuesday as it rose 1% to the highest price achieved yesterday amid weak trades during the last weeks. It is noticed that, the pair is trading inside an ascending triangle pattern targeting the resistance level 1.3189 so it is expected that the pair will continue rising targeting that level before returning back to decline in order to continue its bearish direction for near and mid-term trades.
The stability of these expectations requires the stability of the resistance level 1.3189.
R3 R2 R1 P S1 S2 S3
1.3283 1.3207 1.3145 1.3069 1.3007 1.2931 1.2869
" />" />" />" />" />" />" />
EUR/USD
The EUR/USD pair failed to break the resistance level 1.2850 which coincides with the mid and near-terms formed bearish channel’s top border, pushed the pair down breaking the support level 1.2740 and reaching the level 1.2670 as the pair opened its trades with a bearish gap targeted the support level 1.2620 so it’s expected that the pair will continue retreating till the support level 1.2520 in condition the pair must break the support level 1.2620 with the probability of raising the pair a correction rise in order to cover the bearish ga
This bearish scenario depends on the stability of the resistance level 1.2740.
R3 R2 R1 P S1 S2 S3
1.3081 1.2979 1.2828 1.2726 1.2575 1.2473 1.2322
" />" />" />" />" />" />" />" />" />" />" />
EUR/USD
The EUR/USD pair formed a bullish bottom at through the previous trades around 1.2627 which coincides with the mid and near-terms formed bearish channel’s lower border and this led the pair up to the resistance level 1.2815, generally the pair’s mid and long-terms direction will be bearish by the stability of the resistance level 1.2915 which the pair may retest it in order to target the level 1.2627 to retest it then the support level 1.2530, but rising the pair above the level 1.2915 may support the pair to continue rising in futur
R3 R2 R1 P S1 S2 S3
1.2754 1.2721 1.2694 1.2661 1.2634 1.2601 1.2574
" />" />" />" />" />" />" />" />" />" />" />
EUR/USD
The EUR/USD pair is still rising through the current trades after forming a bullish bottom through the previous trades around the level 1.2627 which coincides with the bearish channel’s lower border in which the pair formed it for the near and mid-terms pushed it up to the resistance level 1.2185, generally the pair’s direction will be bearish for the long and mid-terms by the stability of the resistance level 1.2915 which may force the pair to retest it in order to target the level 1.2627 then retesting it, then the support level 1.2530 but rising the pair above the level 1.2915 may support the pair’s continuation for the future bullish move.
R3 R2 R1 P S1 S2 S3
1.2970 1.2889 1.2813 1.2732 1.2656 1.2575 1.2499
" />" />" />" />" />" />" />" />" />" />" />
EUR/USD
The EUR/USD pair’s movement is still bullish through the previous trades, it broke the level 1.2815 during the current trades near the mid and long-terms bearish channel’s top border, moreover nearing the pair to the resistance level 1.2915, this requires retreating the pair again for the long-term breaking the level 1.2815 in order to reach the level 1.2627, but the level’s 1.2815 stability supports the bullish move which may led the pair to break the mentioned channel, also which may push the pair up to break the level 1.2915 targeting the resistance levels
R3 R2 R1 P S1 S2 S3
1.3044 1.2957 1.2911 1.2824 1.2778 1.2691 1.2645
" />" />" />" />" />" />" />" />" />" />" />
EUR/USD
As it was expected, the pair rose after testing the top border of the bearish channel that has been broken previously the pair reached around the resistance level 1.3080 and registered the highest price for previous trades at the level 1.3052,the mentioned resistance level coincides with fibonacci's correction level 76.4% for the bearish wave (From 1.3197 to 1.2627), this may cause a resistance that may prevent the pair to continue rising and then it may push the pair to test the near support levels such as the level 1.2979 which represents 61.8% of the same fibonacci's correction levels followed by the level 1.2912 which represents 50.0% of the same mentioned correction levels, this requires holding the level 1.3080 which with its holding, the main direction will be bearish during the upcoming long and mid-term trades whereas, if the pair continued trading above the level 1.3080 it will rise targeting the resistance level 1.3245 as the target of breaking out the bearish channel.
R3 R2 R1 P S1 S2 S3
1.3258 1.3155 1.3085 1.2982 1.2912 1.2809 1.2739
" />" />" />" />" />" />" />" />" />" />" />
EUR/USD
The common currency succeeded to continue rising against the U.S. dollar during the last near-term trades facing the top border of the bullish channel and reached the level 1.3245, breaking the last formed top which has been formed on the last December around the level 1.3197 but it failed to hold above this level and it declined correctly forming a near and mid-term bullish wedge, it is expected that, the pair will decline by breaking the bottom border of the bullish wedge pattern testing the near support levels such as the level 1.3080 which may coincide with testing the bottom border of the bullish channel, the pair will continue rising if the support level held, whereas if the pair declined breaking the level 1.3080 it will break the bottom border of the bullish channel which may accompanied with declining the pair targeting the support levels 1.2980 and 1.2912, but holding the bottom border of the channel supports the bullish direction of the pair to targeting to test the level 1.3245 and it may break it to target the level 1.3350.
R3 R2 R1 P S1 S2 S3
1.3435 1.3334 1.3281 1.3180 1.3127 1.3026 1.2973
" />" />" />" />" />" />" />" />" />" />" />