Weekly Analysis: Monday 25 May 2020

EURUSD Market Trend The market is in the sideways trend in the daily chart. The top of the sideways trend is around 1.10000 and the bottom is around 1.07000. The market stays in this box since the beginning of April 2020. In the four hour chart, the market tested the resistance level around 1.09900 and…

Weekly Analysis: Monday 18 May 2020

EURUSD Market Trend In the daily chart, now the market is in the sideways trend. The price is near the bottom of the sideways trend. In the four hours chart, the market shows us clear two meaningful areas, one is the support area which is around 1.07500, and the other one is the resistance area…

Weekly Analysis: Monday 11 May 2020

EURUSD Market Trend In the daily chart, the market is in the sideways trend, it just tests the support level recently. In the four hours chart, the market breaks the bearish channel and it respects the support area, which is around 1.07560. The market goes up after it hits the support level. Trading Plan The…

Weekly Analysis: Monday 04 May 2020

EURUSD Market Trend In the daily chart, the market breaks above the bullish channel, which means the downtrend is stoped. The market may change to sideways trend soon. In the four hour chart, the market is near the resistance level, which is around 1.10000. The doji candlestick is shown up near the bottom of the…

Weekly Analysis: Monday 27 April 2020

EURUSD  Market trend In the daily chart, the market turns to the downtrend. The market is testing the support level 1.07880 now. If the market breaks above this support level successfully, the market will moves to the lowest support level 1.06870 soon. In the four hours chart, the market is in the sideways trend. The…