PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact

techz zone (2) .pdf

Original filename: techz zone (2).pdf

This PDF 1.7 document has been generated by Microsoft® Word 2016, and has been sent on pdf-archive.com on 03/12/2017 at 21:20, from IP address 39.46.x.x. The current document download page has been viewed 167 times.
File size: 194 KB (3 pages).
Privacy: public file

Download original PDF file

Document preview

Monthly Outlook
In January 2015, the EUR/USD pair moved underneath the main call for levels close to 1.20501.2100 (a couple of earlier bottoms set in July 2012 and June 2010). Hence, a long-term bearish
goal was once projected towards zero.9450.
In March 2015, EUR/USD bears challenged the per month call for degree round 1.0500, which
were up to now reached in August 1997.
In the long run, the extent of zero.9450 stays a projected goal if any per month candlestick
achieves bearish closure underneath the depicted per month call for degree of one.0500.
However, the EUR/USD pair has been trapped throughout the depicted consolidation vary
(1.0500-1.1450) till the present bullish breakout was once finished above 1.1450.
The present bullish breakout above 1.1450 allowed a handy guide a rough bullish advance
against 1.2100 the place contemporary proof of bearish rejection was once expressed (Note the
former Monthly candlestick of September).

Daily Outlook
In January 2017, the former downtrend was once reversed when the Inverted Head and
Shoulders trend was once established round 1.0500. Since then, obtrusive bullish momentum has
been expressed at the chart.
As expected, the continuing bullish momentum allowed the EUR/USD pair to pursue additional
bullish advance against 1.1415-1.1520 (Previous Daily Supply-Zone).
The day-to-day provide zone did not pause the continuing bullish momentum. Instead, obtrusive
bullish breakout was once expressed against the associated fee degree of one.2100 the place the
depicted Head and Shoulders reversal trend was once expressed.
If the hot bearish breakout persists underneath 1.1700 (Neckline of the reversal trend), a handy
guide a rough bearish decline must be anticipated against the associated fee zone of one.14151.1520 (Initial objectives for the depicted H&S trend).
Bearish goal for the depicted Head and Shoulders trend extends against 1.1350. However, to
pursue against the discussed goal degree, vital bearish drive is had to be implemented in
opposition to the discussed zone (1.1415-1.1520).
However, contemporary worth motion round the associated fee zone of one.1520-1.1415
indicated obtrusive bullish restoration. This hinders additional bearish decline so long as the hot
low round 1.1550 stays unbroken.
Trade Recommendations

The present worth levels round 1.1900-1.1950 must be watched for a conceivable momentary
SELL access if the present indicators of bearish rejection are maintained.
S/L must be positioned above 1.2030. T/P levels to be situated at 1.1850, 1.1700 and 1.1590.
*The marketplace research posted right here is supposed to extend your consciousness,
however to not give directions to make a business.

Performed via Mohamed Samy,
Analytical skilled
InstaForex Group © 2007-2017
Benefit from analysts’ recommendations at the moment
Top up trading account
Get an advantage from InstaForex
InstaForex analytical evaluations will make you absolutely conscious about marketplace
tendencies! Being an InstaForex consumer, you might be supplied with numerous unfastened
services and products for environment friendly trading.
Techz zone

techz zone (2).pdf - page 1/3
techz zone (2).pdf - page 2/3
techz zone (2).pdf - page 3/3

Related documents

techz zone 2
eurnzd price action analysis pdf report   4th july 2018
forex technical terms
eurjpy price action analysis pdf   16th april 2018
commodity research report 06 february 2017 ways2capital

Related keywords