the pair has succeeded in breaking the level of 1.6600 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.6630 and then 1.6670
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the pair has succeeded in breaking the level of 1.6600 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.6630 and then 1.6670
Primary trend: Bearish
Slowly but steadily, and contrary to what I expected, the bearish move has continued. The price is still quoted below the SMA50 and SMA 200. The ADX 20 level is pointing towards the level 30, indicating a possible renewal of strong bearish pressures
the pair has succeeded in closing it's daily candle above level 1.6600 , and that's mean the up trend is still standing and the pair might head to 1.6630 and then 1.6660
Primary trend: Bearish
Slowly but steadily, and contrary to what I expected, the bearish move has continued. The price is still quoted below the SMA50 and SMA 200. The ADX 20 level is pointing towards the level 30, indicating a possible renewal of strong bearish pressures
the pair and as we can see from the chart is trading now above the level of 1.6600 , so when ever the pair success in breaking 1.6600 and i think it will do , that's mean the down trend will be assured and the pair might head to 1.6550 and then 1.6500
Price is currently at 1.6756, and is in the area between the BB to BB W SD W SD +3 +2.
if so will prices rising, the next observation points are at:
1.) BB W +3 SD 1.6886
2.) BB M +1 SD 1.6926
even if the price is DECREASING onwards, the dots are on the next observation:
1.) Monthly SMA 1.6682
2.) BB W +1 SD 1.6586
the pair and as we can see from the chart has closed it's daily candle above the level of 1.6900 , so , that's mean the up trend is still standing and the pair is heading to 1.6940 then 1.6980
Primary trend: Bearish
Slowly but steadily, and contrary to what I expected, the bearish move has continued. The price is still quoted below the SMA50 and SMA 200. The ADX 20 level is pointing towards the level 30, indicating a possible renewal of strong bearish pressures. The -DI has just crossed the +DI to the upside. I’ve no new position here.
the pair is trading under level 1.6900 , that's mean the down trend is standing and the pair might reach 1.6850 , but if the pair succeeded in breaking 1.6900 , it will head to 1.6930 and then 1.9660 .
Since then the price has pulled back by over 170 pips. The price is still quoted below the SMA50 and SMA 200, but the ADX 20 level is below 23, suggesting some pause in strong volatility. The +DI has just crossed the –DI to the upside, pointing to an imminent bullish wave. I may have to go long soon.