Market Overview: EURUSD Forex The EURUSD Forex traded down in May from a EURUSD micro double top (April and May) and closed below the 20-month exponential moving average. The bears need to create follow-through selling in June to increase the odds of a deeper pullback. The bulls want the broad bull channel to continue up […]
EURUSD Tight Bear Channel
Market Overview: EURUSD Forex The EURUSD Forex formed a EURUSD tight bear channel closing below the 20-week exponential moving average (EMA). The bears want follow-through selling next week. If they get that, it increases the odds of a deeper pullback beginning. The bulls want the 20-week EMA to act as support and hope the market will reverse […]
EURUSD Pullback to 20-Week EMA
Market Overview: EURUSD Forex The EURUSD Forex pullback to the 20-week EMA (exponential moving average) on the weekly chart. The bears got follow-through selling following last week’s big bear bar. They want a retest of the March low. The bulls hope to get at least a retest of the April high after the current pullback. They want […]
EURUSD Big Bear Bar
The EURUSD Forex formed a EURUSD big bear bar on the weekly chart. It is likely the start of the pullback phase following the bull’s repeated failed breakout above the February 2 high. The next targets for the bears are the 20-week exponential moving average and the March low. The bulls hope the 20-week exponential moving average […]
EURUSD Pullback after Bull Micro Channel
Market Overview: EURUSD Forex EURUSD pullback after bull micro channel finally formed on the weekly chart after 7 bars. As stated during the prior report, odds favored buyers below the first pullback below such a strong bull micro channel. The bulls think that the bullish inertia is strong enough to close the gap between the price […]
EURUSD Bull Micro Channel
Market Overview: EURUSD Forex EURUSD bull micro channel (7 bars) formed on the weekly chart. That means strong bulls. Odds slightly favor buyers below the first pullback below such a strong bull micro channel. The bears hope that the move up is simply a buy vacuum test of the February 2 trading range high. The bears […]
EURUSD Inside Doji Bar, Tight Bull Channel
Market Overview: EURUSD Forex EURUSD inside doji bar and tight bull channel formed on weekly chart which means strong bulls. The bulls want a strong breakout above the February 2 high and another strong leg up. If there is a pullback, odds slightly favor buyers below the first pullback from such a strong bull micro channel. […]
EURUSD Tight Bull Channel
Market Overview: EURUSD Forex EURUSD tight bull channel up formed testing the February 2 high. The bulls have a 5-bar bull micro channel which means strong bulls. Odds slightly favor buyers below the first pullback from such a strong micro channel. The bears want a reversal down from a higher high major trend reversal, but […]
EURUSD Bull Leg in Trading Range
Market Overview: EURUSD Forex EURUSD bull leg currently forming in a trading range. Traders will BLSH (Buy Low, Sell High) within a trading range until there is a strong breakout from either direction with follow-through buying/selling. The bulls want a strong breakout above the February high. The bears want a reversal lower from a double top […]
EURUSD Overlapping Candlesticks
Market Overview: EURUSD Forex The EURUSD Forex monthly chart has 3 overlapping candlesticks. That means that the EURUSD is in a trading range. The bears failed to get follow-through selling in March. The bulls need to create a follow-through bull bar trading above the February high to increase the odds of another leg higher. EURUSD […]
