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Technical Analysis
Video | Market Technical | Solid ECN
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[QUOTE="SOLIDECN, post: 203043, member: 80239"] [HEADING=1][CENTER][B]EURUSD | GBPUSD | USDJPY[/B][/CENTER][/HEADING] [CENTER]27.12.2021[/CENTER] [HR][/HR] [CENTER][ATTACH type="full"]19716[/ATTACH] [/CENTER] [JUSTIFY]Today we will be looking at euro dollar, GBP USD, and USD JPY weekly and daily charts. The Euro Dollar downside momentum from 1.226 eased at the Fibonacci 61.8 level near 1.118. The candles formed a "bullish Doji star" and a "hammer" pattern forecasting an upcoming trend reversal. The pattern can be spotted in the daily chart. Indicator-wise, the MACD shows a divergence in the trend. So far the outcome of the MACD divergence was the trend decline slowing down around 1.118 and moving sideways. Minor resistance exists at 1.138. With a break of this fragile sealing, the instrument would probably target 1.15. On the other hand, we'll witness more decline in the pair if the support at 1.118 fails. GBP USD bounced from the 38.2 retracement level of the Fibonacci, and it is trading close to the minor support at 1.341. With a breach in the said level, the pound sterling surge to 1.366 would probably be seen in the next few days. 38.2 Fibo at 1.3158 is the conservative support. If this level breaks, the next target would be level 50 of the Fibonacci retracement around 1.225. If you find the content useful, please subscribe to the channel and hit the link button. USDJPY The bulls have an outstanding performance against the bears on the JPY USD pair. Buyers didn't cute their pressure on passing the resistance at 114.4, and the market is on its way to test the sealing for the fifth time in the last 10 days. Support is at 111.66. As long as this level holds, the market trend is bullish. Resistance is at 115.53, with a break of the level, the path of the bull to 118.66 will be paved.[/JUSTIFY] [CENTER][MEDIA=tumblr]solidecn.tumblr.com/post/671715698881576960[/MEDIA][/CENTER] [/QUOTE]
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