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The current price is hovering around 50 SMA and fibo 61.8%. If the price couldn't close above these levels, a potential short to the ascending trendline and fibo 50.0% is foreseeable. Tradershodlgiant
hodlgiant
17 hours ago
Note: This is not financial advice, just an idea. The chart speaks for itself. This is a short-term trade. Finally broke its upward trend in the 15m time frame. MACD, Stoch, and RSI all indicate an over-bought market that needs to be retraced/corrected in the 1-hr time frame. Fibonacci retracement of at least 0.5 is expected with the potential of a further...
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Pivot points116.92
Resistance 1=117.01
Resistance 2=117.16
Resistance 3=117.25
Support 1=116.77
Support 2=116.68
Support 3=116.52
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forex trading is the best business hai aur trading tu bata nhi sakta ke real business hai wese trading bahut he acha business hai sell main trading lagau aur profit hasel karu best of luck
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forex trading is the best business hai aur trading tu bata nhi sakta ke real business hai wese trading bahut he acha business hai sell main trading lagau aur profit hasel karu best of luck
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eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
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EUR / JPY intraday: bullish as long as 116.59 is support
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https://indian-forex.com/customavatars/2117521844gif
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* 116.59 is our pivot point.
Our preference: bullish as long as 116.59 is support.
Alternative scenario: pressing 116.59 will trigger a return to 115.99 then 115.64.
Comment: the RSI is greater than 50. The MACD is greater than its signal line and positive. In addition, prices are above their moving averages 20 and 50 (located at 117.04 and 117.07 respectively).
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Pivot points: 117.09
Resistance 1# 117.45
Resistance 2# 117.68
Resistance 3# 118.05
Support 1# 116.73
Support 2# 116.50
Support 3# 116.13
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Forex Forecast with price level
EUR/JPY - pair in focus.
Current Price - 116.70
main support level - 116.54
main resistance level - 116.85
Pair likely to be in Sell today.
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the pair price already touched daily resistance 2 level and above trend line.
now the price try to move Upward.
I think the price may touch daily pivot point frokhat ki satah par hai .
Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Simple Moving Area (45): Up
Momentum (30): Up
Stochastic Oschilator : Neutral
You will earn more money if you will follow my views,because I have posted this after checking the previous routine of daily time frame of H1,H4 clearly. some traders use fundamental analysis, other use indicators or supports and residences , believe on your own strategy.
This is very risky investment. According to my limited knowledge the investors should wait and see the every aspects of the market. The investor checks the actual worth of the stock in the market. Than should take decision to invest or not in this type of security.
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Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows market is going up. so buy position is best for traders
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
trader can trade according market situation and earn good profit everyweek.
