Market Overview: EURUSD Forex The weekly candlestick was a EURUSD bear doji testing the triangle top. The bears want a reversal from a wedge bear flag from around the top of the triangle pattern. If there is a pullback, the bulls want at least a small second leg sideways to up to retest the current […]
Weekly EURUSD Follow-through buying
Market Overview: EURUSD Forex The market formed a weekly EURUSD follow-through buying trading above the 20-week EMA. The bulls need to create a breakout above the June high and the triangle with follow-through buying to increase the odds of a retest of the trading range high (Dec 28). The bears want a reversal from a […]
Weekly EURUSD Wedge
Market Overview: EURUSD Forex The market formed a weekly EURUSD wedge bull flag (Feb 14, Apr 16, and Jun 26). The bulls need to create follow-through buying next week (even if it is only a bull doji). The bears see the current move simply as a pullback forming a lower high and want another leg […]
EURUSD Is Stalling
Market Overview: EURUSD Forex The EURUSD is stalling around the bull trend line on the weekly chart. The bears see the last two weeks simply as a pullback and want another leg down to retest the April low. The bulls want a reversal from a higher low major trend reversal and a wedge bull flag […]
EURUSD Bear Leg
The weekly chart is still in a EURUSD bear leg. The bears need to continue creating follow-through selling to increase the odds of a breakout below the bull trend line. The bulls want a reversal from a higher low major trend reversal and a wedge bull flag (Feb 14, Apr 16, and Jun 14). If […]
EURUSD Bears Need Follow-through
Market Overview: EURUSD Forex The EURUSD bears need follow-through selling following this week’s bear bar closing below the 20-week EMA. The bulls want a reversal from a higher low major trend reversal or a double bottom with the April low. The EURUSD is trading near the lower third of the smaller trading range which can […]
Weekly EURUSD Double Top Bear Flag
Market Overview: EURUSD Forex The market formed a weekly EURUSD double top bear flag (Apr 9 and May 16). The bears want a reversal from a double top bear flag and a small double top (May 16 and Jun 4). If there is a deeper pullback, the bulls want a reversal from a higher low major trend […]
EURUSD Triangle
Market Overview: EURUSD Forex The monthly chart formed a EURUSD triangle. The bulls need to create a follow-through bull bar in June to increase the odds of higher prices. If the market trades higher, the bears want a reversal from a double top bear flag with the March 8 high. EURUSD The Monthly EURUSD Forex […]
No Weekly EURUSD Follow-through
Market Overview: EURUSD Forex There was no weekly EURUSD follow-through bull bar following last week’s close above the 20-week EMA. The bulls need to create follow-through buying trading above the 20-week EMA to increase the odds of retesting the December high. The bears see the recent moves simply as a deep pullback and want at least a small […]
Weekly EURUSD Lower High
Market Overview: EURUSD Forex The market traded higher and is currently at a weekly EURUSD lower high. The bulls need to create follow-through buying following this week’s close above the 20-week EMA. The bears hope that the bear trend line will act as resistance. If the market trades higher, the bears want a larger double top bear flag with the March […]