Re: Amega - Daily Technical Analysis
Posted: Mon, 21 May 2018, 12:23 pm
Review EURUSD 21.05.2018
Fundamental analysis: the last two months for EURUSD can be called "bear Eldorado", such pronounced trends, almost without kickbacks, are not often. Prices are now at semi-annual lows, level-November-December 2017. From the news on the US today-the speech of FED representatives Bostich and Harker.
Technical analysis: the long - term trend is bearish since 2008. On three charts-H1, H4 and D1 – the Alligator's mouth is opened downwards. In addition, fractals are below the red line – this is a confirmation signal to sell.
Trading recommendations: the medium-term bullish (since February 2018) trend has obviously turned around, so we are dealing with a rare and strong trading signal – the coincidence of three trends (short-term, medium-term and long-term). Priority to continue the bear market. Short positions-below 1.17200, cancellation of this scenario and transition to long positions - above the two-day high of 1.18380.
Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA
Source:Forex analysis from the broker AMEGA
Fundamental analysis: the last two months for EURUSD can be called "bear Eldorado", such pronounced trends, almost without kickbacks, are not often. Prices are now at semi-annual lows, level-November-December 2017. From the news on the US today-the speech of FED representatives Bostich and Harker.
Technical analysis: the long - term trend is bearish since 2008. On three charts-H1, H4 and D1 – the Alligator's mouth is opened downwards. In addition, fractals are below the red line – this is a confirmation signal to sell.
Trading recommendations: the medium-term bullish (since February 2018) trend has obviously turned around, so we are dealing with a rare and strong trading signal – the coincidence of three trends (short-term, medium-term and long-term). Priority to continue the bear market. Short positions-below 1.17200, cancellation of this scenario and transition to long positions - above the two-day high of 1.18380.
Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA
Source:Forex analysis from the broker AMEGA