Market Overview: EURUSD Forex The market is forming a large weekly EURUSD double bottom bull flag (Aug 1 and Oct 9). The bulls want the 20-week EMA or the August 1 low to act as support. The bears must create consecutive bear bars closing near their lows, breaking far below the 20-week EMA and the […]
Minor EURUSD Pullback
Market Overview: EURUSD Forex The market is forming a minor EURUSD pullback on the weekly chart. The bears must create consecutive bear bars closing near their lows, breaking far below the 20-week EMA, to increase the odds of a reversal. The bulls want the 20-week EMA or the August 1 low to act as support, […]
Weak Weekly EURUSD Breakout
Market Overview: EURUSD Forex The market formed a weak weekly EURUSD breakout above the July 1 high. The bulls need to create strong follow-through buying trading above the July 1 high to increase the odds of a resumption of the trend. The bears want a reversal from a higher high major trend reversal and a […]
EURUSD Bulls Need Strong Follow-through Buying
Market Overview: EURUSD Forex The EURUSD bulls need strong follow-through buying trading above the July 24 and July 1 highs to increase the odds of a resumption of the trend. The bears want a reversal from a lower high major trend reversal or a double top bear flag (Jul 24 and Sept 9). EURUSD Forex […]
Weekly EURUSD Bulls Need Strong Follow-through Buying
Market Overview: EURUSD Forex The weekly EURUSD bulls need strong follow-through buying breaking above the recent tight trading range to increase the odds of another leg up. The bears want a reversal from a lower high major trend reversal or a double top bear flag (Jul 24 and Sept 5). EURUSD Forex market The Weekly […]
No EURUSD Follow-through Selling
Market Overview: EURUSD Forex There was no EURUSD follow-through selling on the monthly chart in August. The bears want the bear trend line and the upper third of the multi-year trading range to be areas of resistance. The bulls view the move in July as a pullback and want a retest of the recent leg […]
EURUSD Bulls Want a Trend Resumption
Market Overview: EURUSD Forex The EURUSD bulls want a trend resumption to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. If the market trades higher, the bears want it to form a double top with the July 1 high. EURUSD Forex market The Weekly EURUSD chart […]
Weekly EURUSD Bulls Want Follow-through Buying
Market Overview: EURUSD Forex The weekly EURUSD bulls want follow-through buying on the weekly chart followed by another strong leg up. They want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. The bears want another leg down to form the wedge pattern […]
Weekly EURUSD Two-Legged Pullback
Market Overview: EURUSD Forex The market formed a weekly EURUSD two-legged pullback testing the 20-week EMA. The bears want another leg down to form the wedge pattern (with the first two legs being Jul 17 and Aug 1 lows). The bulls want a retest and breakout above the July 1 high, followed by a resumption […]
Monthly EURUSD Pullback Below Bull Microchannel
Market Overview: EURUSD Forex The market formed a monthly EURUSD pullback below bull microchannel in August. The bulls see the current move as a pullback and want it to have poor follow-through selling. The bears must create follow-through selling in August to increase the odds of a failed breakout. EURUSD Forex market The Monthly EURUSD […]
