EURUSD FUTURE TECHNICAL ANALYSIS, TRADE SIGNAL AND FOREX TIPS

-

 

EURUSD Technical Analysis: Weekly Chart

EURUSD Technical Analysis

In the weekly charts, EURUSD is trading in a down channel. EURUSD is currently trading below all SMA except MA (5).

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.00600 the resistance level is at 1.01800

EURUSD will trade in a down channel until there is a trend reversal.

EURUSD Technical Analysis: Daily Chart

Comments

Post a Comment

Popular posts from this blog

TECHNICAL ANALYSIS REPORT – 12 AUGUST 2022

-
Image
  WALLSTREET LOWER ON THE EXPECTATION THAT FED STILL NEEDS AN INTEREST RATE HIKE   Asia-Pacific stocks tracked Wall Street losses and the yen fell on Friday. The Shanghai Composite is down 0.11% at 3,278.39. Overall, the Singapore MSCI is down 0.03% at 308.45. Over in Hong Kong, the Hang Seng Index is up 0.61% at 20,150.00. In Japan, the Nikkei 225 is up 2.63% at 28,510.00, while the Topix index is up 2.07% at 1972.50. South Korea’s Kospi is up 0.11% at 2,526.55. Australia S&P/ASX 200 down 0.65% at 7024.90. Top News of the Day: The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation. The S&P 500 closed a tad lower after earlier hitting fresh three-month highs following data that showed the U.S. producer price index (PPI) unexpectedly fell in July. Market Summary as per 11/08/2022: European equit...
Read more

Day Trading Guide - Best Stocks to Buy Today - March 04, 2022

-
Image
  TOP 5 STOCKS TO WATCHOUT:- 1.HYUNDAI :     South Korea’s Hyundai Motor Co said on Friday it has not decided when to resume operations at its assembly plant in St Petersburg, Russia, citing ongoing issues with components delivery. “Hyundai Motor Company is deeply concerned by the situation in Ukraine. We can confirm operations of the Hyundai Motor Manufacturing Russia (HMMR) are suspended until further notice due to ongoing global logistics issues with components delivery,” it said in a statement to Reuters. “The safety of our employees and caring for our customers remains the utmost priority of Hyundai Motor. We sincerely hope the situation is resolved peacefully as soon as possible,” it added. Operations at the St Petersburg plant have been suspended since March 1. The South Korean automaker, which together with affiliate Kia Corp is among the world’s top 10 biggest automakers by sales, builds about 200,000 vehicles per year in Russia, about 4% of its global production...
Read more

HOW TO CHOOSE BEST FOREX BROKER

-
Image
 The foreign exchange market accounts for more than $4 trillion in average traded value every day, making it the world’s largest financial market. Since there is no central marketplace for the forex market, traders must select a forex broker to help them conduct their trading activity. There are a large and growing number of forex brokers, and choosing the right one requires. 5 Tips For Selecting A Forex Broker:- Regulatory Compliance:- In the U.S., a reputable forex broker will be a member of the National Futures Association (NFA) and will be registered with the U. S. Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and Retail Foreign Exchange Dealer. The NFA is an industry-wide, self-regulatory organization for the futures industry in the United States. It develops rules, programs and services to protect the integrity of the market, traders and investors, and to help members meet regulatory responsibilities. The CFTC is an independent government agency...
Read more