ADIKALARAJ
ADIKALARAJ
I love a good challenge and I'm as ambitious and dedicated as they come .I work in tandem toward a common goal of success.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:-

The sharp EUR/USD reversal supports the long discussed ending diagonal (wedge) interpretation. Diagonals are often fully retraced (sometimes quickly), which yields a target of 1.3294.

-Today’s reversal following the dip under 1.3672 gives scope to a rally attempt. 1.3810+- is resistance.

LEVELS: 1.3610 1.36421.3672 | 1.3745 1.3774 1.3810.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:-

The Harami pattern noted in yesterday’s report has failed to receive confirmation from a second successive up-day, with EUR/USD extending its recent declines to the noteworthy 1.3670 mark. This leaves a bullish reversal signal missing for the pair and suggests a drop to the next definitive support level at 1.3480 may be on the cards, if the candle can close below 1.3670.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:--Four hour chart

Drilling down to examine intraday price action on the four hour chart; there is some evidence that the EUR/USD bulls are staging a return. The Hammer formation near 1.3692 hints at a possible bounce for the pair in the session ahead. However, gains may be limited, given resistance remains at the nearby 1.3745 mark.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

As noted in yesterday’s candlesticks report the Euro was primed for a drop towards the 1.3670 level of support, which followed the emergence of a Harami pattern near resistance at 1.3950. While a second Harami appears to be forming in intraday trade, the candle is yet to close, which would be required for the bullish to be valid.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

The Euro bulls are struggling to regain their grip on prices as denoted by a Doji formation near key resistance at 1.3780. The Harami near 1.3950 suggest the bears remain in control and that the currency may be primed for a drop to the next noteworthy support level at 1.3670.
Frank Breinling
Frank Breinling 2014.05.13
sad but true
Tamer Soliman
Tamer Soliman 2014.05.13
And i'm finished with those news :-(
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It has plunged after failing to claim the psychologically-significant 1.4000 handle in recent trading. The intraday volatility has failed to yield a classic candlestick reversal pattern. However, the length of the upper wick and body of the daily candle suggests the bears are in control of prices. This opens up further declines towards the next noteworthy level of support at 1.3780.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It has retreated from noteworthy resistance at 1.3950 in recent trading. However we’re yet to see a bearish reversal pattern emerge on the daily which would warn of a more significant correction. At this stage buyers remain prepared to support prices at the psychologically-significant 1.3900 handle.
Traders should note the upcoming ECB rate decision is likely to spark significant volatility for the Euro, which may negate technical signals offered.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

The range between 1.3780/5 and 1.3900 for EUR/USD persists, despite several noteworthy pieces of fundamental event risk last week on the US Dollar side of the equation. Look out for a bearish reversal pattern in the coming session which could herald a dip to the range-bottom.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It’s consolidation between 1.3780 and 1.3900 has persisted with the most recent pullback from the range-top prompting the formation of a Doji candlestick. The formation suggests signs of indecision from traders and the potential for a pull-back towards the range-bottom. The current environment favors range-trading strategies that may be best-served by examining intraday price action on the four-hour chart.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

it’s consolidation between 1.3780 and 1.3900 has persisted with the most recent pullback from the range-top prompting the formation of a Dojicandlestick. The formation suggests signs of indecision from traders and the potential for a pull-back towards the range-bottom. The current environment favors range-trading strategies that may be best-served by examining intraday price action on the four-hour chart.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It’s consolidation between 1.3780 and 1.3900 has persisted with the most recent bounce off the range-bottom prompting the formation of a Bullish Engulfing candlestick pattern. While the signal typically foreshadows a reversal following a downtrend the pattern may be an indication the pair may be set to make another run on 1.3900.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It continues to march towards the critical 1.3900 handle following a break above resistance at 1.3840. While a Long-Legged Doji candlestick on the daily signals some hesitation amongst the bulls it is not enough to suggest a correction at this stage.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy: 4 Hour Chart

Drilling down to examine intraday price action; the Dark Cloud Cover pattern noted in recent candlesticks reports delivered declines for EUR/USD to support at 1.3785. With a Harami now having formed and a bearish reversal signal missing, a continued recovery looks possible.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It is making another run on the 1.3840 mark following a couple of Doji formations near key support at 1.3800. The candlesticks suggest some hesitation amongst the bears, which may be the precursor for a continued recover. A daily close above 1.3840 could open further gains to the psychologically-significant 1.3900 handle.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It was never able to drop under 1.3642, finding low after NFP at 1.3672. Momentum wise, I am looking for a top. RSI at each top since December has been below 70. This weak momentum profile is not suggestive of a strong bull.

The uncovered close at 1.3884 is now resistance but the failed rallies last week warn of something on the downside. A break below 1.3750 would give scope to a breakdown towards 1.3476.

LEVELS: 1.3701 1.37531.3784 | 1.3845 1.3884 1.3909.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

Drilling down to examine intraday price action; the Dark Cloud Cover pattern noted in recent candlesticks reports delivered declines for EUR/USD to support at 1.3785. With a Harami now having formed and a bearish reversal signal missing, a continued recovery looks possible.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

It is recovering some lost ground in early European trading, which follows on from a Doji candlestick near key support at 1.3800. The signal suggests some hesitation amongst the bears, which may be the precursor for a bounce. A break above nearby resistance at 1.3840 could open further gains to 1.3900.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

Drilling down to examine intraday price action, a Dark Cloud Cover pattern also offers a noteworthy warning of further declines. The signal has received confirmation from a successive down period, and similar to the daily, suggests a potential move to support at 1.3800/05.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

The Euro bears have regained their grip on prices in recent trading, which follows on from a Doji candlestick that signaled some indecision amongst traders near 1.3900. While the pair has found some reprieve from further declines near the 1.3800 handle, signs of a bullish reversal are absent at this stage, which casts doubt over the potential for a bounce.
ADIKALARAJ
ADIKALARAJ
EUR/USD Technical Strategy:

EUR/USD has reversed course following a failure to crack the critical 1.3900 handle in recent trading. The pullback has prompted the formation of a Long-Legged Doji candlestick which is a sign of indecision by traders, and is often a precursor to a more significant move. In this case, the signal suggests a bearish bias with the possibility of a correction lower to support at 1.3800.