Overall bearish analysis
ที่อัปเดต:
Based on the trend, structure levels and zone's I have found with the fibonacci retracements on different timeframes, I see the eurusd is extremely bearish and there are no signs or any news predicting a change.
My multiple stochastics on different charts are showing extreme weakness on all the major charts. There is always a point where it comes to a reversal in the trend and sometimes I am good to predict these reversal zone's. But actually I cannot predict anything. My last long trades where potentially good trades for long positions at precise reversal levels. But the market did not react and confirmed the extreme weakness of the euro that we can all see now.
Even with a bullish rebounce the euro will stay weak. While the eurusd is so bearish we must also keep in mind to look close to the suggested reversal zone's.
Resistance is actually at 1.11000 but the market must hold above the 1.11090 / 1.11095 and still have enough momentum to keep pushing higher. The chances to see this reversal is possible but very risky looking to the indicators on higher time frames. If the conditions are not met to see a bullish reversal around 1.10260 / 1.10000 I think the eurusd will just make a little rebounce and maybe not and just head toward 1,0950.
Support is at 1.10260 / 1.10000 where a reversal is possible if the market conditions and the negative sentiment changes drastically.
My multiple stochastics on different charts are showing extreme weakness on all the major charts. There is always a point where it comes to a reversal in the trend and sometimes I am good to predict these reversal zone's. But actually I cannot predict anything. My last long trades where potentially good trades for long positions at precise reversal levels. But the market did not react and confirmed the extreme weakness of the euro that we can all see now.
Even with a bullish rebounce the euro will stay weak. While the eurusd is so bearish we must also keep in mind to look close to the suggested reversal zone's.
Resistance is actually at 1.11000 but the market must hold above the 1.11090 / 1.11095 and still have enough momentum to keep pushing higher. The chances to see this reversal is possible but very risky looking to the indicators on higher time frames. If the conditions are not met to see a bullish reversal around 1.10260 / 1.10000 I think the eurusd will just make a little rebounce and maybe not and just head toward 1,0950.
Support is at 1.10260 / 1.10000 where a reversal is possible if the market conditions and the negative sentiment changes drastically.
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Actually on H1 บันทึก
Based on the screenshot of 1 hour. When I see a multiple stochastics like this. Alle the line are down, flat, red lines are pointing down (longer timeframes are down), all lines are spread out. This means the market is hesitating. Although the macd is telling there is maybe a reversal on the way. Looking to the multiple stochastics on the higher timeframes and on the lower one's I can predict that a reversal will probably be very limited if it happens. But.... as we know, sentiment can push many traders to go long and sometimes it works as well. Technically and fundamentally everything stays actually bearish. The ECB can bring a turn in this but how will this impact the market in the mid-long term?บันทึก
So we saw a reversal heading to the 1.1100 level but now as said before we need to see strength growing for the euro to break above 1,11090 / 95 and hold above it. Looking to the 4H and the Daily charts there is a possibility again to see EURUSD going to 1,13000 but this will depend if the euro keeps its strength while it was extremely weak during last weeks. I'm waiting for this break above 1,11090 / 95 and see if it holds above it on the Daily candle at the end of tomorrow. Based on the indicators and momentum there will be maybe a possible trade long again.บันทึก
Where I'm look at บันทึก
Between 2 waters the next candle may tell the future direction บันทึก
The price was up and we saw the confimation of this when the EURUSD was pushing to the target (see previous screenshot). Now there is a new macd crossover which will be confirmed at the end of the day. Once confirmed the price is probably going to retest the last high and maybe continue to 1.1280. If the price fails to break above the last high and hold above it we will have a probable double top. But there are again significant signs that eurusd will continue going higher before we see the correction. บันทึก
After the clear rejection of the 1.1200 level we see the euro fall back below the weekly support. บันทึก
Still weakness in MACD. Might fall lower before a bounce up.
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