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EUR/USD | December 2, 2020hey guys, this is EUR/USD analysis that i expect the price will grown up again after a pull back, but we have to wait for the confirmation on touching the strong Support level... in monthly time frame we can see the big and old resistance level that broken and it's now gonna be a good support zone. in weekly time frame we can see that resistance level on 1.23456. in daily time frame i found a strong support zone. in 4 hour time frame: Good luck guys, this is just my analysis, i'm new in Forex and there's a lot of things that i have to learn. I have been learning Forex for 1 month now.
by saffarifx
2
Eur/Usd: 1 Hour Chart - Oct. 12 2020 ShortAfter gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this region will take the Euro back to daily support (1.18000-1.17900 or (EI)), if support breaks the Euro can retrace further towards channel support && demand levels ((EII) or 1.17800-1.17300 region). CONFLUENCES: *Rejected weekly gap down *Creating lower lows on hourly *4 hour bearish candle wick vulnerable *Buyers momentum receeding above 1.1800
Short
by DaReal1
AUDJPY 60 PIP SELLAUDJPY showing great potential for a 60 pip drop. We currently have a strong support level which has already rebounded off twice. The 0.50 fib level also fits the line of support very well which further makes me think that the price will once again reach this price. During this time a double top formation has also formed with a very strong neckline on the same support. With price dropping below the 50 EMA and the 10EMA crossing the 50 I can now see the momentum shifting to the downside. TP is set at the 0.50 fib level and SL in line with the double top.
by tradingonthego
2