Блог Durden
A possible Fibonacci retracement
Indicators: Hidden Markov Processes, Fibonacci Retracements, RSI, Volatility, Volume Key price levels : 1.64332-1.65586 Weekly Vision The W1 chart exhibits a the downtrend of the pair EUR/SGD . The trend started on 03/2014 around the price level at 1.76707, the pair has remained in a relatively consistent downtrend crossing the Fibonacci retracement at at 1.70868 and at 1.67256.This consolidation has founded confirmation with the Hidden markov Indicator and with a moderate value of the RSI The…
Aymmetric triangle formation on EUR/PLN
Indicators: Fibonacci Retracements, RSI, Volatility, Volume Key price levels : 4.18502-4.17053-4.15349 Weekly Charts pattern : Asymmetric triangle formation, W1 Chart. Weekly Vision EUR/PLN has been consolidating inside a triangle pattern from around 02/2009, the support line is sepported by the rebounce at 12/2011, 07/2013 the pair is with a volatility around 0.0069 in W1 chart and with an RSI of 52.698. This indicators support the theory of a possible trendless zone around the resistance lin…
EUR/CAD a bullish interpretation
Weekly Vision
After a distinct downtrend the EUR/CAD test the 1.45 key price level with the result of a dominant demand.
The bullish trend can be regulated by the Fibonacci retracement and the key level price at 1,5.
Forecast
The pink forecast zone is detected considering the Fibonacci level at 1.51396 and at 1.48641.
Considering the slope of the bullish average trend and the relevant key price the forecast is estimated as 1.50012
After a distinct downtrend the EUR/CAD test the 1.45 key price level with the result of a dominant demand.
The bullish trend can be regulated by the Fibonacci retracement and the key level price at 1,5.
Forecast
The pink forecast zone is detected considering the Fibonacci level at 1.51396 and at 1.48641.
Considering the slope of the bullish average trend and the relevant key price the forecast is estimated as 1.50012