megajorkoのブログ

Avatar

Double bottom of the major pair

Hello traders,
I have made some short tehnical analysis on the pair for the Daily and Weekly charts based on some major indicators which are (Bollinger Bands, Exponential moving average and Relative strength index) I also included the Ichimoku overlay chart for some clue on the cloud sentiment if we can say so.
On the Daily chart we can see the following picture:
Here we have 3 bottoms. The price tried to reach unsuccessfully the level 1.15 and after the recent sharp spike of the EUR we can see …
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Possible range

Technical analysis on the EUR/USD pair for the 2nd of July.
The current trend is obviosly down and it started in the middle of April. After some observation on the Bollinger bands we can see that the price is currently attracted by the lower BB which is at about level 1.17 on the Daily chart.
The level of the relative strength index is showing deep oversold levels even under 15 on the default Daily parameters.
After looking on the weekly chart we can say that the price is even trying to reach t…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Analysis of the USD/JPY pair

Analysis on this pair are made on some basic indicators but there could be a major upcoming fundamental event which could change all predictions (elections in Japan)
Firstly we can look at the Daily chart to check the pivot levels, currently it is about 110.5 with highest resistance at 111.8 and lowest (S3) support of 108.
The price has made several big fluctuations since late February (108-114) It failed the medium break (111) but it also failed to break the strong support (108). I suppose that…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

EURo round number

For me the price at the mentioned period must be between 1.10-1.107.First of all on the Daily the exponential moving average is turning to upside slope. Currently the RSI for the latest 24 period days is higher than the 50% mark.
I compare this value with the weekly RSI parameter.
Currently the level is under 50 but from the angle of the slope it seems that it could reach the 50 mark approximately at our target. I suppose that this is also the level where eventually the EMA and the price could m…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

The attraction to magic numbers

Prediction for EUR/USD
On the Daily chart we can see that the RSI is rising since the end of November. There were several spikes down and the price have set a new low. Currently the EMA is under the current level which strengthens the bullishness of the pair. The standard instrument for pattern recognition does not find double, triple bottom. But by looking the spikes we can say that it looks like several bottoms test fail.
On the longer term Weekly chart we can see that the price has been rangi…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Magical numbers

According to the latest analysis the main Forex pair is tightly ranging in the several magic numbers - 1.1111, 1.1222, 1.1333 with a lot stay at level 1.1234.
The 4Hr chart shows the following picture:
We have a formed triangle which is undecided on the side- bear or bull. The 200 EMA is on the present value but it has a rising slope showing that more bulls power is coming. The crossing of the lines shows that in the beginning of November something big may happen and probably than will be decide…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す