Right now Eurusd is still moving down. When we check daily chart, we can see that 50% retracement line is a strong resistance. I would watch the red line which is a 50 Moving Average. Close below it may be a sign that bulls are in trouble.
Last days we saw strong move down on Eurusd. For a moment price went down below 50 moving average and 1.3 level, but for now it looks like it managed to protect this support. There was also a support levels from 38.2% and 50% short term retracement lines. There are actually two swings you can […]
Eurusd failed to hold above 38.2% retracement line, which still is very strong resistance for the price. You can see it on daily chart. Fibonacci retracement lines are drawn for the swing from October 27th to January 13th.
Eurusd is rising lately so today was a good day to hunt for long position with Fibonacci trading. There was one problem. On 4-hour chart eurusd was still below 200 simple moving average, which stopped the move up few hours before. So you had to be aware of this area and possible resistance. On the […]
Fibonacci extension levels are a great tool. It works on every time frame, both short and long term. Look at daily chart of eurusd. Falls started in August, later we had strong correction move up to 0.78, since then we have strong falls (if you want to read more about trading corrections, read my article […]
I thought that correction on GBPUSD will be longer. It looks that I was wrong. I was watching gbpusd on 1-hour chart and decided to take short position. Move up ended near 3 important areas – 200 SMA, 78% retracement from most previous move, and 38.2% from the bigger move. I marked it on chart […]
Eurusd is in a strong down trend, but with better moods around the world, we have correction. I took the risk and opened a long position. After move down to 50% retracement, there was bounce up and I bought after breaking the ressistance. I wanted to keep it for a short time, so position was […]
GBPUSD is bearish since few months now. Since November this pair was trying to rise, but it was stopped at Fibonacci retracement levels. Now it is struggling to hold above support at 1.53. Lets watch how it is going to play out. Strong break below 1.52-1.50 should bring some solid falls. Also check out how […]
It’s been a while since I wrote about euro. If you want to know my long term view – check this post (so far everything is going accord this scenario). Last week there was some strong moves up to 1.35 because of hopes before euro summit which took place last weekend. Now we have this […]
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