megajorko's Blog

Avatar

Major pair correction

Hello traders,
I like to make my technical analysis based on two time-frames - Weekly and Daily.
When looking on the Weekly chart I decided to ignore the major indicators and base my prediction only on some major price levels.
1.17 has become a major support after the skyrocket of the EUR/USD pair and probably the price will continue to rise trying to reach the major resistance - 1.2222. From my point of view it will be reached without doubt, the only question for me is where is the end of this …
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Analysis on the major pair

Short analysis on the Eurodollar pair
I will try to give as more clues as possible on my prediction for the expected rate.
On the weekly chart the price is in a range from the start of year 2015. It is a wide range but nevertheless it is moving between 1.05 and 1.15. Bollinger band shows that the price has hit the upper BB and rebound sharply with a target to the lower BB. This gives us some short term idea that the price can reach 1.05 and if this happens there will be little to stop it from pa…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires