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DEU.IDX/EUR IS CONSOLIDATING

Technical ToolsResistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
DEU.IDX/EUR Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is neutral.
From the weekly chart, it looks like there is more potential to the upside. But last weekly candle suggests that more correction is possible
DEU.IDX/EUR Daily Chart
  • The MACD on the Daily chart is in neutral.
Die komplette Geschichte lesen
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DEU.IDX/EUR | NOT MUCH ON THE CHARTS

Technical ToolsResistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.DEU.IDX/EUR Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is turning North.
From the weekly chart, it looks like there is more potential to the upside. But last weekly candle suggests that more correction is possibleDEU.IDX/EUR Daily Chart [list][/list]…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
killer195175 avatar

UPDATE-6
The pair closed the week at 13076 and is very near to our target. I expect a fall in the pair next week. if that happens then this pair will be very close to our target of 12900 on 2nd January.

killer195175 avatar

UPDATE-7
The pair is currently trading at 13068.98. MACD is not is good shape and RSI is also falling. The pair is making a Doji candle on daily chart as of now. I expect the price to settle at 13000 level.

killer195175 avatar

UPDATE-8
The pair made a doji candle on the daily chart yesterday. Today the pair has broken the low of the yesterday candle as well as the previous two lows at the same level and currently trading at 12978 levels. I expect the 13000 level to act as resistance for the pair in the near future. The target of 12900 does not seem far now.

killer195175 avatar

UPDATE-9
As expected the pair gapped down today and falling since then. The pair is trading at 12927 levels at the time of writing this update. There is no immediate support nearby. Next support is at 12660 level which seems very far. But since it is Friday so I am not expecting much fall here. A 12900 price will be a decent price to finish the day I guess.

killer195175 avatar

UPDATE-10
The pair closed the week at 12859 levels. We have a target at 12900 levels. indicators suggest a downmove ahead. But since the pair has hit the support levels we can see a little consolidation on the 1st day of the new year.

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