TAandFA

TAandFA Updated 

On the 30 minute chart we observe a symmetrical triangle that broke out on the downside on high volume. The price objective for a triangle is the distance of the widest 2 points of the triangle, projected in the direction from the breakout point. On the chart we can see that the price objective is about 34 pips. A trade is placed near the breakout point,...

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We begin the analysis on the 30 minute chart, we can see that a 5 point trendline has been broken on Friday, the end of the week. Price never recovered above the trendline by day end and is currently trending down as we can see from the new trendline connecting the closing prices of a few recent candles. When we zoom in on the chart we can also see that the...

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On the 30 minute chart we see a 7 touch trendline break to the upside. A trendline of 7 touches is very significant and thus a break should not be taken lightly, a serious move may be coming. The break also occurred on high volume. Additionally, price is now above the SMA 200 and SMA 50, signaling bullish. The moving averages are also getting ready to cross,...

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On the weekly, the USD/JPY has a strong level of support in which price has touched 3 times and reversed. A failed head and shoulders reversal pattern can be seen on the third touch of this strong support. Price is right now forming the beginnings of a descending triangle which signals a break on the downside once the pattern is complete. However, there is a...

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The daily chart shows us that the current trend is upwards with higher highs and higher lows. On the 4 hour chart, we have price trading in a falling wedge for the past 28 days. Combining this with the daily uptrend, this current downtrend on the 4 hour is considered a pause that will eventually explode to the upside, and resume the daily uptrend Price...

TAandFA Updated 

On the daily chart we identify a strong area of support that has been touched 3 times in the past 16 months, with the most recent touch occurring 27 days ago. This could signal an extended uptrend is incoming. The SMA 50 is below the SMA 200 which signals a down trending market, however, price has been forming higher highs and higher lows since touching that...

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On the daily chart we identify an upward channel in which price has been trading between for the past 130 days. The decisive break below the channel was due to the April 2025 tariff announcements which effected many different markets across the world. At the moment, the current trend is upward with price continuing to trade within this channel. Zooming down...

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On the daily chart we can see that price is hovering around a significant support/resistance zone. This area has been touched twice 8-9 months ago, forming a double top reversal pattern, and continuing downward. Price broke this level about a month ago on high volume and was unable to sustain such high prices, resulting in a recent break below this significant...

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We begin with high time frame analysis on the daily chart to understand the market context and holistic situation of EUR/USD. As we can see, price is in an obvious uptrend with two touch points, price recently touching the SMA 50, bouncing off that moving average which is acting as a dynamic support level. Furthermore, the SMA 50 and 200 have recently...