EURUSD-H4 - Trend analysis 2020/05/31
SYM: EURUSD-H4
Time: 2020/05/31 00:00:00 UTC
Trend Analysis
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.
• Trend’s Analysis
Term .................... Trend
Short (STTL)................... Mid Bullish
Mid (MTTL) ................... Very Strong Bullish
Long(LTTL) ................... Very Strong Bullish
o The most recently confirmed Uptrend line in Very Long Term for EURUSD_H4 is Very Strong Bullish-LTTL. It was made at 1.06311, 300 candles ago, and confirmed at 1.07477,123 candles ago and confirmed again at 1.7727. A break below this trend line (particularly on heavy volume) would be a Bearish sign. This line is important for traders.
o The most recently confirmed Uptrend line in Mid Term for EURUSD_H4 is Very Strong Bullish-MTTL. It was made at 1.07719,67 candles ago and confirmed on 62, 56 and 31 candles ago. This line is important for analyzers.
o The most recently confirmed Uptrend line in Short Term for EURUSD_H4 is Mid Bullish-MTTL. It was made at 1.08952,24 candles ago and confirmed on 14 and 8 candles ago.
o EURUSD_H4 broke above the Very Weak Bearish-MTTL at 1.1.09645, 14 candles ago. This is a Bullish sign. This Downtrend line may now provide downside Support. The volume on the candle of the breakout was Volume on the day of the breakout was so heavy (150% above average).
o The current market condition for EURUSD_H4 is: Bullish
• The close is currently above its 30 periods moving average. Prices broke below 30 periods moving average at 1.09324, 21 candles ago. This is a Bullish sign. The volume on the candle of the breakout was neither extremely heavy nor extremely light (18% above average). This moving average line may now provide downside Weak Support.
• The close is currently above its 90 periods moving average. Prices broke above 90 periods moving average at 1.08524, 55 candles ago. This is a bullish sign. The volume on the candle of the breakout was heavy (10% below average). This moving average line may now provide downside Strong Support.
• The close is currently above its 200 periods moving average. Prices broke above 200 periods moving average at 108687, 55 candles ago. This is a bullish sign. The volume on the candle of the breakout was heavy (10% above average). This moving average line may now provide downside Very Strong Support.
• Supports and Resistance
Supports
Price.................... Power
1.10710.................... Very Strong
1.10209.................... Mid
1.09942.................... Mid
1.09645.................... Mid
1.08836.................... Weak
• Supports
o EURUSD_H4 broke above the Upside Very Strong Resistance level of 1.10710, 7 candles ago. The previous resistance level of 1.10710 may now provide upside Very Strong Support. This level is important for traders. The volume on the candle of the breakout was heavy (102% above average). We will expect that price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
o EURUSD_H4 broke above the Upside Mid Resistance level of 1.10209, 7 candles ago. The previous resistance level of 1.10209 may now provide downside Mid Support. This level is important for traders. The volume on the candle of the breakout was heavy (102% above average).
o EURUSD_H4 broke above the Upside Mid Resistance level of 1.09942, 7 candles ago. The previous resistance level of 1.09942 may now provide downside Mid Support. This level is important for traders and analyzers. The volume on the candle of the breakout was heavy (102% below average). Break below this level (particularly on heavy volume) is a Bearish sign.
o EURUSD_H4 broke above the Upside Mid Resistance level of 1.09645, 12 candles ago. The previous resistance level of 1.10209 may now provide downside Mid Support. This level is important for analyzers. The volume on the candle of the breakout was light (48% below average).
o The most recently confirmed downside Weak Support level for EURUSD_H4 is around 1.08836.
• Resistances
Price ....................Power
1.11184 .................... Strong
1.11406.................... Mid
1.11657.................... Strong
1.12260.................... Strong
1.12633.................... Strong
o The most recently confirmed upside Strong Resistance level for EURUSD_H4 is around 1.11184. We will be expected that the price has some difficulties to break up this level.
o The most recently confirmed upside Mid Resistance level for EURUSD_H4 is around 1.11406. We will be expected that the price has some difficulties to break up this level. This level is important for analyzers.
o The second confirmed upside Strong Resistance level for EURUSD_H4 is around 1.11657. We will be expected that the price has some difficulties to break up this level. Break above this level (particularly on heavy volume) is a Bullish sign. This level is important for analyzers.
o The third confirmed upside Strong Resistance level for EURUSD_H4 is around 1.12260. We will be expected that the price has some difficulties to break up this level. This level is important for traders.
o The fourth confirmed upside Strong Resistance level for EURUSD_H4 is around 1.12633. We will be expected that the price has some difficulties to break up this level. This level is important for traders.
• Momentum Indicators
o Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.9825. This is not an overbought or oversold reading. The last signal was a Bearish, 1 Candle ago.
o Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 68.48. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Bearish, 1 Candle ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 66. This is not a topping or bottoming area. The last signal was a Bearish, 1 Candle ago
o MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9-period signal line. The last signal was a Bullish, 21 candles ago.
Crossovers
Currently the MACD is bullish since it is trading above its signal line. Since the MACD crossed its moving average, EURUSD-H4's price has increased by 1.37% and has ranged from a high of 1.114 to a low of 1.091.
Overbought/Oversold
The MACD is not in an Overbought/Oversold range.
http://fxorbital.com/
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.
Time: 2020/05/31 00:00:00 UTC
Trend Analysis
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.
• Trend’s Analysis
Term .................... Trend
Short (STTL)................... Mid Bullish
Mid (MTTL) ................... Very Strong Bullish
Long(LTTL) ................... Very Strong Bullish
o The most recently confirmed Uptrend line in Very Long Term for EURUSD_H4 is Very Strong Bullish-LTTL. It was made at 1.06311, 300 candles ago, and confirmed at 1.07477,123 candles ago and confirmed again at 1.7727. A break below this trend line (particularly on heavy volume) would be a Bearish sign. This line is important for traders.
o The most recently confirmed Uptrend line in Mid Term for EURUSD_H4 is Very Strong Bullish-MTTL. It was made at 1.07719,67 candles ago and confirmed on 62, 56 and 31 candles ago. This line is important for analyzers.
o The most recently confirmed Uptrend line in Short Term for EURUSD_H4 is Mid Bullish-MTTL. It was made at 1.08952,24 candles ago and confirmed on 14 and 8 candles ago.
o EURUSD_H4 broke above the Very Weak Bearish-MTTL at 1.1.09645, 14 candles ago. This is a Bullish sign. This Downtrend line may now provide downside Support. The volume on the candle of the breakout was Volume on the day of the breakout was so heavy (150% above average).
o The current market condition for EURUSD_H4 is: Bullish
• The close is currently above its 30 periods moving average. Prices broke below 30 periods moving average at 1.09324, 21 candles ago. This is a Bullish sign. The volume on the candle of the breakout was neither extremely heavy nor extremely light (18% above average). This moving average line may now provide downside Weak Support.
• The close is currently above its 90 periods moving average. Prices broke above 90 periods moving average at 1.08524, 55 candles ago. This is a bullish sign. The volume on the candle of the breakout was heavy (10% below average). This moving average line may now provide downside Strong Support.
• The close is currently above its 200 periods moving average. Prices broke above 200 periods moving average at 108687, 55 candles ago. This is a bullish sign. The volume on the candle of the breakout was heavy (10% above average). This moving average line may now provide downside Very Strong Support.
• Supports and Resistance
Supports
Price.................... Power
1.10710.................... Very Strong
1.10209.................... Mid
1.09942.................... Mid
1.09645.................... Mid
1.08836.................... Weak
• Supports
o EURUSD_H4 broke above the Upside Very Strong Resistance level of 1.10710, 7 candles ago. The previous resistance level of 1.10710 may now provide upside Very Strong Support. This level is important for traders. The volume on the candle of the breakout was heavy (102% above average). We will expect that price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
o EURUSD_H4 broke above the Upside Mid Resistance level of 1.10209, 7 candles ago. The previous resistance level of 1.10209 may now provide downside Mid Support. This level is important for traders. The volume on the candle of the breakout was heavy (102% above average).
o EURUSD_H4 broke above the Upside Mid Resistance level of 1.09942, 7 candles ago. The previous resistance level of 1.09942 may now provide downside Mid Support. This level is important for traders and analyzers. The volume on the candle of the breakout was heavy (102% below average). Break below this level (particularly on heavy volume) is a Bearish sign.
o EURUSD_H4 broke above the Upside Mid Resistance level of 1.09645, 12 candles ago. The previous resistance level of 1.10209 may now provide downside Mid Support. This level is important for analyzers. The volume on the candle of the breakout was light (48% below average).
o The most recently confirmed downside Weak Support level for EURUSD_H4 is around 1.08836.
• Resistances
Price ....................Power
1.11184 .................... Strong
1.11406.................... Mid
1.11657.................... Strong
1.12260.................... Strong
1.12633.................... Strong
o The most recently confirmed upside Strong Resistance level for EURUSD_H4 is around 1.11184. We will be expected that the price has some difficulties to break up this level.
o The most recently confirmed upside Mid Resistance level for EURUSD_H4 is around 1.11406. We will be expected that the price has some difficulties to break up this level. This level is important for analyzers.
o The second confirmed upside Strong Resistance level for EURUSD_H4 is around 1.11657. We will be expected that the price has some difficulties to break up this level. Break above this level (particularly on heavy volume) is a Bullish sign. This level is important for analyzers.
o The third confirmed upside Strong Resistance level for EURUSD_H4 is around 1.12260. We will be expected that the price has some difficulties to break up this level. This level is important for traders.
o The fourth confirmed upside Strong Resistance level for EURUSD_H4 is around 1.12633. We will be expected that the price has some difficulties to break up this level. This level is important for traders.
• Momentum Indicators
o Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.9825. This is not an overbought or oversold reading. The last signal was a Bearish, 1 Candle ago.
o Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 68.48. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Bearish, 1 Candle ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 66. This is not a topping or bottoming area. The last signal was a Bearish, 1 Candle ago
o MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9-period signal line. The last signal was a Bullish, 21 candles ago.
Crossovers
Currently the MACD is bullish since it is trading above its signal line. Since the MACD crossed its moving average, EURUSD-H4's price has increased by 1.37% and has ranged from a high of 1.114 to a low of 1.091.
Overbought/Oversold
The MACD is not in an Overbought/Oversold range.
http://fxorbital.com/
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.
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