Good afternoon, dear investors and colleagues traders!
Your attention an analytical review:#EURUSD / #EURUSD#5
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair would seem to have found support in the global upward channel on which the last uptrend was built from May 16 to June 10. Many market participants took advantage of stabilization near this channel and this allowed the currency pair to grow to 1.1348 (against the previous maximum at 1.1353).
An unsuccessful test attempt ended with a currency pair reversal and fixing below the global uptrend, and this week’s high showed us a new global downtrend.
The unsuccessful jerk back and consolidation under the lower boundary of the rising channel can be taken as a serious sign of a decline in the euro-dollar to 1.1160, 1.1140 - 1.1100
A good sign of this movement would be a fix below 1.1195.
Support and Resistance Levels:
a) Support: 1.1195, 1.1160 and 1.1140.
b) Resistance: 1.1260, 1.1360 and 1.1420.
Indicative analysis provides the following information:
1. The currency pair is in the normal zone in terms of overbought / oversold.
2. The price behavior indicator shows that the price is moving within the normal movement with respect to the 4-day trend.
= ≥ There are no distortions in the current movements.
•Trading scenarios:
--- Bullish (Unlikely):
The price will be able to fix above 1.1195 and then will exit the downward channel and will be able to fix above the lower border of the upward channel.
It is in this case that the goals in 1.1360-1.1420 can be considered.
--- Bearish (Most likely):
The price will be fixed below 1.1195 in this case, the next support area will be 1.1160-1.1140, in case of breaking through, the attention of the participants will shift to 1.1100.
•Global Variables:
• Volatility: Weekly = 180 points // Monthly = 211 points // Quarterly = 217 points.
(Inversion of volatility has disappeared);
• Trends:
SMA (55,100,200) continue to grow.
• Range Ratio: 180 points (Decrease from 186 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention an analytical review:#EURUSD / #EURUSD#5
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair would seem to have found support in the global upward channel on which the last uptrend was built from May 16 to June 10. Many market participants took advantage of stabilization near this channel and this allowed the currency pair to grow to 1.1348 (against the previous maximum at 1.1353).
An unsuccessful test attempt ended with a currency pair reversal and fixing below the global uptrend, and this week’s high showed us a new global downtrend.
The unsuccessful jerk back and consolidation under the lower boundary of the rising channel can be taken as a serious sign of a decline in the euro-dollar to 1.1160, 1.1140 - 1.1100
A good sign of this movement would be a fix below 1.1195.
Support and Resistance Levels:
a) Support: 1.1195, 1.1160 and 1.1140.
b) Resistance: 1.1260, 1.1360 and 1.1420.
Indicative analysis provides the following information:
1. The currency pair is in the normal zone in terms of overbought / oversold.
2. The price behavior indicator shows that the price is moving within the normal movement with respect to the 4-day trend.
= ≥ There are no distortions in the current movements.
•Trading scenarios:
--- Bullish (Unlikely):
The price will be able to fix above 1.1195 and then will exit the downward channel and will be able to fix above the lower border of the upward channel.
It is in this case that the goals in 1.1360-1.1420 can be considered.
--- Bearish (Most likely):
The price will be fixed below 1.1195 in this case, the next support area will be 1.1160-1.1140, in case of breaking through, the attention of the participants will shift to 1.1100.
•Global Variables:
• Volatility: Weekly = 180 points // Monthly = 211 points // Quarterly = 217 points.
(Inversion of volatility has disappeared);
• Trends:
SMA (55,100,200) continue to grow.
• Range Ratio: 180 points (Decrease from 186 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
