EURUSD-H4- Trend Analysis
SYM: EURUSD-H4
Time: 2020/04/12 00:00:00 UTC
This analysis will be expired by taking place a week after this date or will be broken the largest resistance, the smallest support or the long term trend.
EURUSD
• Trend’s Analysis
Term Trend
Short (STTL).................................Mid Bullish
Mid (MTTL)................................Strong Bearish
Long(LTTL)...............................Very Weak Bullish
• EURUSD_H4 broke above the down trendline at 1.09315, 4 Candles ago. This is a bullish sign. This down trendline may now provide downside support. Volume on the day of the breakout was quite light---51% below average. The most reliable breakouts are accompanied by increased volume. And with prices having only risen 0.03% since the breakout, the validity of the breakout is questionable. A break below this trendline (particularly on heavy volume) would be a bearish sign.
• Supports and Resistance
Supports
1.08836........................................... Mid
1.08464.......................................... Weak
1.07850......................................... Weak
1.06978......................................... Weak
1.06336......................................... Mid
Resistances
Price Power
1.09645........................................Very Strong
1.10209...........................................Strong
1.10552.......................................... Strong
1.10908...........................................Strong
1.11657...........................................Strong
o The most recently confirmed downside support level for EURUSD_H4 is around 1.08836 Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.
o The support level for EURUSD_H4 is around 1.06337 Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) will be a downward trend.
o The Resistance level for EURUSD_H4 is around 1.09645 Expect prices to have some difficulty going above this level. A break above this level (particularly on heavy volume would be a bullish sign but It will not be the end.
Time: 2020/04/12 00:00:00 UTC
This analysis will be expired by taking place a week after this date or will be broken the largest resistance, the smallest support or the long term trend.
EURUSD• Trend’s Analysis
Term Trend
Short (STTL).................................Mid Bullish
Mid (MTTL)................................Strong Bearish
Long(LTTL)...............................Very Weak Bullish
• EURUSD_H4 broke above the down trendline at 1.09315, 4 Candles ago. This is a bullish sign. This down trendline may now provide downside support. Volume on the day of the breakout was quite light---51% below average. The most reliable breakouts are accompanied by increased volume. And with prices having only risen 0.03% since the breakout, the validity of the breakout is questionable. A break below this trendline (particularly on heavy volume) would be a bearish sign.
• Supports and Resistance
Supports
1.08836........................................... Mid
1.08464.......................................... Weak
1.07850......................................... Weak
1.06978......................................... Weak
1.06336......................................... Mid
Resistances
Price Power
1.09645........................................Very Strong
1.10209...........................................Strong
1.10552.......................................... Strong
1.10908...........................................Strong
1.11657...........................................Strong
o The most recently confirmed downside support level for EURUSD_H4 is around 1.08836 Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.
o The support level for EURUSD_H4 is around 1.06337 Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) will be a downward trend.
o The Resistance level for EURUSD_H4 is around 1.09645 Expect prices to have some difficulty going above this level. A break above this level (particularly on heavy volume would be a bullish sign but It will not be the end.
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