{"id":203917,"date":"2024-03-31T01:30:00","date_gmt":"2024-03-31T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=203917"},"modified":"2024-03-31T01:44:33","modified_gmt":"2024-03-31T08:44:33","slug":"eurusd-consecutive-doji","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-consecutive-doji\/","title":{"rendered":"EURUSD Consecutive Doji"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The monthly chart formed a EURUSD consecutive doji in the middle of the trading range. The market is in an area of balance. The bulls want the 20-month EMA or the bull trend line to act as support. The bears hope that March was simply a pullback which formed a lower high and they want at least another leg down.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Monthly<\/em> EURUSD Forex chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Consecutive-Doji-in-Middle-of-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Consecutive-Doji-in-Middle-of-Trading-Range-680x383.jpg\" alt=\"EURUSD Monthly: Consecutive Doji in Middle of Trading Range, EURUSD Consecutive Doji\" class=\"wp-image-204163\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Consecutive-Doji-in-Middle-of-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Consecutive-Doji-in-Middle-of-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Consecutive-Doji-in-Middle-of-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Consecutive-Doji-in-Middle-of-Trading-Range-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Consecutive-Doji-in-Middle-of-Trading-Range.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The March monthly EURUSD candlestick was another doji bar closing slightly below the 20-month EMA with a long tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-doji\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said that the market is trading around the middle of the trading range which is an area of balance. Poor follow-through and reversals are hallmarks of a trading range.<\/li>\n\n\n\n<li>The market traded higher in the first half of the month but reversed to close with a small bear body.<\/li>\n\n\n\n<li>The bulls got a reversal from a double bottom bull flag (Jan 6 and Oct 3) and a retest of the trading range high.<\/li>\n\n\n\n<li>However, they were not able to get sustained follow-through buying and the market reversed back to the middle of the trading range.<\/li>\n\n\n\n<li>They got a small second leg sideways to up to retest the December high in March, but it formed a lower high and lacked follow-through buying.<\/li>\n\n\n\n<li>They want the 20-month EMA or the bull trend line to act as support.&nbsp;<\/li>\n\n\n\n<li>They hope to get another leg up to retest the December 28 high.<\/li>\n\n\n\n<li>The bears see the prior move up (Dec 28) as a retest of the July high and got a reversal from a lower high major trend reversal.<\/li>\n\n\n\n<li>They see the market as being in a 16-month trading range.<\/li>\n\n\n\n<li>They managed to get a strong bear bar closing near its low in January but did not get a strong follow-through bear bar in February.<\/li>\n\n\n\n<li>They hope that March was simply a pullback which formed a lower high and want at least another leg down.<\/li>\n\n\n\n<li>They will need to create follow-through selling below the 20-month EMA to increase the odds of a retest of the October low.<\/li>\n\n\n\n<li>Since March is a doji bar, it is a neutral signal bar for next month.<\/li>\n\n\n\n<li>The market has formed consecutive doji(s) and remains in the middle of the 16-month trading range. It is an area of balance.<\/li>\n\n\n\n<li>For now, the odds for the bulls and bears are quite equal.<\/li>\n\n\n\n<li>After a weak move higher in March, we could see the market do the opposite by trading lower in April.<\/li>\n\n\n\n<li>Traders will see if the bears can create a bear bar in April trading below the 20-month EMA. If they do, it will increase the odds of a retest of the October low.<\/li>\n\n\n\n<li>However, if the market continues to hold around the 20-month EMA for a couple of months, the odds of a retest of the December high will increase. This remains true.<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) until there is a breakout with sustained follow-through buying\/selling from either direction.<\/li>\n\n\n\n<li>Poor follow-through and reversals are hallmarks of a trading range.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet-680x383.jpg\" alt=\"EURUSD Weekly: FT Selling but no BO below Triangle yet\" class=\"wp-image-204166\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week\u2019s candlestick on the&nbsp;<a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" target=\"_blank\" rel=\"noreferrer noopener\">weekly EURUSD Forex chart<\/a>&nbsp;was a bear doji closing below the 20-week EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-lower-high\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that odds slightly favor the market to trade at least a little lower and traders will see if the bears can create a follow-through bear bar following last week\u2019s close below the 20-week EMA.<\/li>\n\n\n\n<li>The bears got some follow-through selling this week. Previously, they got a reversal from a wedge bear flag (Nov 3, Nov 29, and Dec 28) and a lower high major trend reversal.<\/li>\n\n\n\n<li>They see the recent pullback (to March 8) as forming another lower high major trend reversal (against Dec high).<\/li>\n\n\n\n<li>They want a reversal from the upper third of the large trading range and a breakout below the large triangle pattern.<\/li>\n\n\n\n<li>While this week traded below the triangle, the breakout is not strong.&nbsp;<\/li>\n\n\n\n<li>The bears need to create a strong breakout with follow-through selling to convince traders that a retest of the October low is underway.<\/li>\n\n\n\n<li>The bulls got a 2-legged sideways to up pullback from a double bottom bull flag (Dec 8 and Feb 14).<\/li>\n\n\n\n<li>However, they were not able to get follow-through buying following the recent close above the 20-week EMA (Mar 8).<\/li>\n\n\n\n<li>They hope that the current move is simply a pullback and want a retest of the March 8 high followed by a breakout above.<\/li>\n\n\n\n<li>They want a reversal from a wedge bull flag (Dec 8, Feb 14, and Mar 29) and the 20-week EMA or the bull trend line to act as support.&nbsp;<\/li>\n\n\n\n<li>Since this week\u2019s candlestick was a bear doji, it is a sell signal bar albeit weak.<\/li>\n\n\n\n<li>The market is also trading around the middle of the trading range which could be an area of balance.<\/li>\n\n\n\n<li>For now, odds slightly favor the market to trade at least a little lower.<\/li>\n\n\n\n<li>Traders will see if the bears can create a breakout below the triangle.<\/li>\n\n\n\n<li>Or will the market trade slightly lower, but find support around the bull trend line area?<\/li>\n\n\n\n<li>Poor follow-through and reversals are hallmarks of a trading range.<\/li>\n\n\n\n<li>The EURUSD is in a 70-week trading range. (Trading range high: July 2023, Trading range low: Oct 2023).&nbsp;<\/li>\n\n\n\n<li>The EURUSD has been in a smaller trading range in the last 20 weeks.&nbsp;<\/li>\n\n\n\n<li>Traders will continue to BLSH (Buy Low, Sell High) within a trading range until there is a breakout with follow-through selling\/buying.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: EURUSD Forex The monthly chart formed a EURUSD consecutive doji in the middle of the trading range. The market is in an area of balance. The bulls want the 20-month EMA or the bull trend line to act as support. The bears hope that March was simply a pullback which formed a lower [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":204166,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1842,136],"tags":[281],"class_list":["post-203917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-forex","category-analysis","tag-eurusd-forex","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-FT-Selling-but-no-BO-below-Triangle-yet.jpg","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/203917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=203917"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/203917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/204166"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=203917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=203917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=203917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}