Daily EUR/USD trades
- Thread starter romik
- Start date
Monthly
At the moment looks bullish to me. H&S has failed due to resistance being recently broken. 1.3500 area is next major resistance, so there is more room to the upside. RSI 62.8 previously registering a long grail. I don't see any signals in MACD apart from it being above the 0 mark. Going by pure TA price decline is clearly visible in the presence of a bearish divergence in HIST, RSI and MACD. According to B1S2's methodology monthly chart will resume a bearish mode upon a break of ~1.2100 according to PSAR and an early signal might be seen when/if another bearish divergence presents itself. Therefore, IMO monthly is bullish right now.
At the moment looks bullish to me. H&S has failed due to resistance being recently broken. 1.3500 area is next major resistance, so there is more room to the upside. RSI 62.8 previously registering a long grail. I don't see any signals in MACD apart from it being above the 0 mark. Going by pure TA price decline is clearly visible in the presence of a bearish divergence in HIST, RSI and MACD. According to B1S2's methodology monthly chart will resume a bearish mode upon a break of ~1.2100 according to PSAR and an early signal might be seen when/if another bearish divergence presents itself. Therefore, IMO monthly is bullish right now.
Weekly
Looks very similar to the monthly chart IMO, apart from a reaction low according to PSAR is @ 1.2500 and expanding Bollinger indicates more upside to follow and as I mentioned earlier the average PSAR weekly range also points to another 7 weeks of possible continuation to the upside.
Looks very similar to the monthly chart IMO, apart from a reaction low according to PSAR is @ 1.2500 and expanding Bollinger indicates more upside to follow and as I mentioned earlier the average PSAR weekly range also points to another 7 weeks of possible continuation to the upside.
Daily
RSI looks it's inhaled a certain substance and probably quite a few will get burnt shorting here if just basing it on RSI. Again Bollinger range is expanding, MACD looks positive and PSAR's R/L just under 1.2800
So my thoughts are that pullbacks are a safer buy, than shorting assuming an overbought market.
RSI looks it's inhaled a certain substance and probably quite a few will get burnt shorting here if just basing it on RSI. Again Bollinger range is expanding, MACD looks positive and PSAR's R/L just under 1.2800
So my thoughts are that pullbacks are a safer buy, than shorting assuming an overbought market.
I won't be doing any more trades today, as hourly indicators are pointing to a pullback, but if I am right and bull's got bear by its b...ocks and I already have a swing Long trade on, I will wait for now. I don't feel like playing the 2 min frame for 10+ pips, I still have a buy order in @ 1.3137 for today.
