Market Overview: EURUSD Forex The market traded higher but reversed into a bear bar; there was no EURUSD follow-through buying following last week’s bull reversal bar. That put the minor pullback lasting many weeks beginning in doubt. If the bears get follow-through selling breaking far below the March low, it could lead to a measured […]
EURUSD Climactic Bear Leg
Market Overview: EURUSD Forex The weekly chart formed a EURUSD climactic bear leg in the form of a tight bear channel. Odds favor the first pullback to be minor and a retest of the current leg extreme low (Oct 3). The bulls need to create sustained follow-through buying to increase the odds of a deeper […]
EURUSD September Strong Bear Follow Through 1.05 BRN
Market Overview: EURUSD Forex The EURUSD Forex Monthly chart, achieved a strong bear follow through bar that reached the 1.05 Big Round Number. On the weekly, the price reached their targets, but since the leg down has been in a strong and tight bear channel, the odds favor a leg sideways to down after a […]
EURUSD Tight Channel
Market Overview: EURUSD Forex The weekly chart formed a EURUSD tight channel consisting of 10 consecutive bear bars. That means strong bears. Odds favor at least a small second leg sideways to down after a larger pullback. The bulls hope to get a reversal up from a parabolic wedge. EURUSD Forex market The Weekly EURUSD […]
EURUSD 9 Consecutive Bear Bars
Market Overview: EURUSD Forex The weekly chart formed a EURUSD 9 consecutive bear bars with many candlesticks closing near their lows. That means strong bears. The odds continue to slightly favor sideways to down. However, the move down has lasted a long time and is slightly climactic. A minor pullback can begin within a few […]
EURUSD Tight Bear Channel
Market Overview: EURUSD Forex The market formed a EURUSD tight bear channel which means strong bears. The market may still trade at least a little lower. If the bears continue to create strong consecutive bear bars trading far below the May and March low, it will increase the odds of the reversal being successful. Because […]
EURUSD Strong Bears
Market Overview: EURUSD Forex The weekly chart is in a tight bear channel which means EURUSD strong bears. Because of the strong move down, odds slightly favor a second leg sideways to down after a pullback. The bulls want a reversal up from a wedge bull flag. They will need to create strong bull bars […]
EURUSD Consecutive Closes below 20-Week EMA
Market Overview: EURUSD Forex The weekly chart was a EURUSD consecutive closes below the 20-week EMA, testing the bull trend line. While the odds continue to favor the market to trade at least a little lower, a minor pullback can begin within a few weeks. Odds favor a second leg sideways to down after a […]
EURUSD Close below the 20-Week EMA
Market Overview: EURUSD Forex The EURUSD close below the 20-week EMA on the weekly chart. The bears need to create follow-through selling next week to increase the odds of lower prices. The bulls hope that the 20-week exponential moving average will act as support and want at least a small second leg sideways to up to retest […]
EURUSD Wedge Top, PB
Market Overview: EURUSD Forex The bears want a reversal down from a EURUSD Wedge Top and a failed breakout above the April high. They need to continue creating consecutive bear bars, breaking far below the 20-week exponential moving average to increase the odds of a reversal down. The bulls want the 20-week exponential moving average […]