EURUSD Technical Chart | 30-May-2018
Below is the technical chart of EURUSD currency pair on H4 time frame. For a change, this time, I've used Alligator technical indicator.
EURUSD Technical Chart
As you can see, the price closes below Alligator's Lips i.e. Green line and EURUSD started its downtrend again.
Now, let us see the same chart using Doda Donchian, Doda-Bollinger Bands, Ichimoku and ADX Candles technical indicators.
Doda-Donchian gave last sell signal @1.16775 and after that It has moved about 143 pips and still counting. Do NOT take any long position whatever technical indicator you're using till EURUSD is trading below Ichimoku - Kumo - which is its great resistance.
It's immediate target and support is at 1.14950 as per Wolf Wave Theory.
Major Support Levels:
1.15158
1.14862
1.14382
Major Resistance Levels:
1.16117
1.16413
1.16892
++++++++++++++++++++++++++++++++++++++++++++++++++++
EURUSD Technical Chart | 30-May-2018
Below is the technical chart of EURUSD currency pair on H4 time frame. For a change, this time, I've used Alligator technical indicator.
EURUSD Technical Chart
As you can see, the price closes below Alligator's Lips i.e. Green line and EURUSD started its downtrend again.
Now, let us see the same chart using Doda Donchian, Doda-Bollinger Bands, Ichimokuand ADX Candles technical indicators.
Doda-Donchian gave last sell signal @1.16775 and after that It has moved about 143 pips and still counting. Do NOT take any long position whatever technical indicator you're using till EURUSD is trading below Ichimoku - Kumo - which is its great resistance.
It's immediate target and support is at 1.14950 as per Wolf Wave Theory.
Major Support Levels:
1.15158
1.14862
1.14382
Major Resistance Levels:
1.16117
1.16413
1.16892
++++++++++++++++++++++++++++++++++++++++++++++++++++
EURUSD Technical Chart | 15-May-2018
Below is the technical chart of EURUSD. Time frame used is H4. Technical charts used are Doda Donchian, Doda-Bollinger Bands, Ichimoku and ADX Candles technical indicators.
After settling around 1.18493, EURUSD currency pair started its upward movement and this currency pair managed to close ABOVE Doda-Donchian and Doda-Bollinger Bands. That indicates beginning of upward journey.
But wait a sec...
The currency pair is still trading INSIDE kumo, which is no trade zone and major resistance for it. So, DO NOT take any long position, till it manages to close above Kumo cloud. The future kumo is also bullish. So, it can show some upward movement.
But if it closes below Doda-Donchian and Doda-Bollinger Bands, just take short position without any second thought as EURUSD Daily chart is weak.
Major Support Levels for EURUSD
1.19220
1.19054
1.18786
Major Resistance Levels for EURUSD
1.19756
1.19922
1.20190
++++++++++++++++++++++++++++++++++++++++++++++++
EURUSD Technical Chart | 08-May-2018
Below is the technical chart of EURUSD. Time frame used is H4. Technical charts used are Doda Donchian, Doda-Bollinger Bands, Ichimoku and ADX Candles technical indicators.
As it is clearly visible from the chart, the currency pair EURUSD is in downtrend since 19-Apr-2018, when it closed below Doda-Donchian indicator @1.23410. It started its downtrend journey and has not given any buy signal thereafter.
Even at this stage, the chart is bearish. It gave sell signal @1.19300 and getting some support around 1.19010 but it's just a matter of time. It can easily go further down from here.
Do NOT take any long position even if any buy signal given by any technical indicator at this stage. Just make a stop-loss of 1.19457
Important Support Levels are:
1.19010
1.18820
1.18513
Important Resistance Levels are:
1.19624
1.19814
1.20121