Learning Trade Forex

The EUR-USD bearish signal perspective is indicated by the declining sideway trend of the chart. This downtrend may take months or event years to progress until the previous support level at 1.1762 and it is shown on the monthly time frame chart of the EUR-USD.

The EUR-USD bearish signal perspective is indicated by the declining sideway trend of the chart. This downtrend may take months or event years to progress until the previous support level at 1.1762 and it is shown on the monthly time frame chart of the EUR-USD.

The EUR-USD seems to be going up trying to reach 1.4280 resistant level again. It could be a dummy test that could duped everyone into a trap. It's very dangerous as bearish strength still 80% underway. Any act of buying is consider unwise decision.

The EUR-USD seems to be going up trying to reach 1.4280 resistant level again. It could be a dummy test that could duped everyone into a trap. It's very dangerous as bearish strength still 80% underway. Any act of buying is consider unwise decision.

An obvious formation of Head and Shoulder chart pattern, indicate that the long-term direction for EUR-USD is heading toward down turn. This chart is taken from weekly time frame. 

An obvious formation of Head and Shoulder chart pattern, indicate that the long-term direction for EUR-USD is heading toward down turn. This chart is taken from weekly time frame. 

Obviously in the long-run the EUR-USD is heading towards down-trend as indicated by MACD and stochastic in the Monthly and Weekly time frame. However in the intermediate and short-term trading the condition is very tricky. This is a position where indecision mind always take place. And of course it's also a place for the big traders to play game with the smaller traders.

Time and again this kind of position proved to be fatal for the smaller and inexperience traders. Understanding that the direction always move following the MACD and Stochastic, but actually this is a place of no decision. Despite of the indicator's direction anything can happen here either the chart will move up or down will be based purely on the crowds decision. If you are unlucky and not able to detect where the crowds are heading to, then you will be at lost or if you are lucky otherwise.

Obviously in the long-run the EUR-USD is heading towards down-trend as indicated by MACD and stochastic in the Monthly and Weekly time frame. However in the intermediate and short-term trading the condition is very tricky. This is a position where indecision mind always take place. And of course it's also a place for the big traders to play game with the smaller traders.

Time and again this kind of position proved to be fatal for the smaller and inexperience traders. Understanding that the direction always move following the MACD and Stochastic, but actually this is a place of no decision. Despite of the indicator's direction anything can happen here either the chart will move up or down will be based purely on the crowds decision. If you are unlucky and not able to detect where the crowds are heading to, then you will be at lost or if you are lucky otherwise.

Intra day trend of the EUR-USD is moving upward with the expected ideal target range up to the red line (middle of the bollinger band's line) as shown on the chart below.
In the intermediate-term perspective the pair is moving sideways gradually paving the way for the long-term down trend.
Therefore in the long-term expectation the EUR-USD should be going for long period of downtrend as the triangle is getting to completion.

Intra day trend of the EUR-USD is moving upward with the expected ideal target range up to the red line (middle of the bollinger band's line) as shown on the chart below.
In the intermediate-term perspective the pair is moving sideways gradually paving the way for the long-term down trend.
Therefore in the long-term expectation the EUR-USD should be going for long period of downtrend as the triangle is getting to completion.

At this moment the EUR-USD trend movement is somehow not very much predictable as MACD and Stochastic refuse to move in line. This is a place where traders usually got trapped.

Weekly chart: MACD and Stochastic not yet moving inline

At this moment the EUR-USD trend movement is somehow not very much predictable as MACD and Stochastic refuse to move in line. This is a place where traders usually got trapped.

Weekly chart: MACD and Stochastic not yet moving inline

Last week was boring day trading day as there are 3 days without significant breakout. However on Thursday the expected correction started to take place and it exactly reside on the middle of the Bollinger band on daily time frame. This is an identical level of correction.

Next week tforecast for EUR-USD is as follow:

Daily Time Frame:
MACD = Up
Stochastic = Up
B. Band = Middle
Summary: In short term indicators signal support for further correction.

Weekly Time Frame:
MACD = Down
Stochastic = Down
B. Band = Bottom
Summary: Support continuation of bearish trend in intermediate term

Monthly Time Frame:
MACD = Down
Stochastic = Down
B. Band = Bottom
Summary: Support continuation of bearish trend in the long-term

Fundamental Data:
On Monday and Tuesday fundamental data from the Euro zones are much stronger than the US Zone. There is a strong possibility of further correction in the first and second day.

Last week was boring day trading day as there are 3 days without significant breakout. However on Thursday the expected correction started to take place and it exactly reside on the middle of the Bollinger band on daily time frame. This is an identical level of correction.

Next week tforecast for EUR-USD is as follow:

Daily Time Frame:
MACD = Up
Stochastic = Up
B. Band = Middle
Summary: In short term indicators signal support for further correction.

Weekly Time Frame:
MACD = Down
Stochastic = Down
B. Band = Bottom
Summary: Support continuation of bearish trend in intermediate term

Monthly Time Frame:
MACD = Down
Stochastic = Down
B. Band = Bottom
Summary: Support continuation of bearish trend in the long-term

Fundamental Data:
On Monday and Tuesday fundamental data from the Euro zones are much stronger than the US Zone. There is a strong possibility of further correction in the first and second day.

I missed out to make an analysis for this week forex trading session due to my short vacation. So this is just a continuation for the rest of 2 days left before the weekend. As you may notice the market is gradually moving in small scale within the range of 50-60 pips and there is not yet significant breakout for this week.

The current situation is very tricky as the market nearly touch down on the last support level 1.2027. Traders becoming very cautious fear the unexpected correction might take place anytime soon. That fear is display by strong volatility of price actions fluctuating within the identical length of support/resistant in the hourly time frame. On the other hand gradual movement downward also signal strong continuation towards that support level. Especially with the head and shoulder chart formation on daily time frame providing clear hint of that intention.

So here is the analysis:

Daily Time Frame:
Stochastic = Down
MACD = Down
Bollinger Band = Bottom
Summary = Support continuation of bearish trend

Weekly Time Frame:
Stochastic = Down
MACD = Down
Bollinger Band = Bottom
Summary = Support continuation of bearish trend

Monthly Time Frame:
Stochastic = Down
MACD = Down
Bollinger Band = Bottom
Summary = Support Continuation of Bearish trend but the Bollinger Band signal is a little bit oversold that might trigger unexpected significant correction

Chart Formation:
Daily time frame chart formation is head and shoulder which means it support further downward continuation.

I missed out to make an analysis for this week forex trading session due to my short vacation. So this is just a continuation for the rest of 2 days left before the weekend. As you may notice the market is gradually moving in small scale within the range of 50-60 pips and there is not yet significant breakout for this week.

The current situation is very tricky as the market nearly touch down on the last support level 1.2027. Traders becoming very cautious fear the unexpected correction might take place anytime soon. That fear is display by strong volatility of price actions fluctuating within the identical length of support/resistant in the hourly time frame. On the other hand gradual movement downward also signal strong continuation towards that support level. Especially with the head and shoulder chart formation on daily time frame providing clear hint of that intention.

So here is the analysis:

Daily Time Frame:
Stochastic = Down
MACD = Down
Bollinger Band = Bottom
Summary = Support continuation of bearish trend

Weekly Time Frame:
Stochastic = Down
MACD = Down
Bollinger Band = Bottom
Summary = Support continuation of bearish trend

Monthly Time Frame:
Stochastic = Down
MACD = Down
Bollinger Band = Bottom
Summary = Support Continuation of Bearish trend but the Bollinger Band signal is a little bit oversold that might trigger unexpected significant correction

Chart Formation:
Daily time frame chart formation is head and shoulder which means it support further downward continuation.