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EUR/USD: Possible drop below 1.3000?

EUR/USD has been in a strong downtrend recently:
On the weekly chart there is a trend line to indicate the down trend. Arrows show where price interacted with the trend line. Circled areas show how price reacted near the 1.2898 target (horizontal red line).

[weekly chart]

On the monthly chart price dropped by 302.4 pips (open-close) for July and 257.9 pips (open-close) in August. I think it is possible that price might drop by another ~230 to 300 pips in September with some retracements in between. I have dr[/weekly]…
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EUR/USD: Possible move to 1.3400

EUR/USD weekly chart price recently went to a high of 1.38321 and the next bar showed an immediate bearish reaction. Based on this reaction I think that price might continue to move down to around 1.3400 before deciding what to do next. Another possibility is that price could fluctuate between the recent high of 1.38321 and the recent low point of 1.3200 (which looks like a potential support area) before it considers the 1.3400 level.
The 1.3400 target is close to the 61.80% fibonacci retracemen…
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Maria_r avatar
Maria_r 1 Nov

+1000

jezz avatar
jezz 2 Nov

I see it even lower than that

Likerty avatar
Likerty 7 Jan

I would say 1.345/6 is min

Likerty avatar
Likerty 7 Jan

I meant 1.45/6

ANABEVZ avatar
ANABEVZ 14 Ago

successful results!

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Visual Jforex: Check for open positions before trading

This short article is in response to a question posted in the comment section of my Visual Jforex article, "Visual Jforex Tips: Global Variables; Source Code & Backtesting" (click here to read it).

Check for open positions before trading

The following screenshot will explain how to use an "IF" block to check that all positions are closed before moving on to the part of the strategy that determines when to open a trade.
The "0" in the second part of the "IF" block (number 5 in the screenshot) m…
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rubencouto avatar

Thank you!

HOANG_MAI_NHI avatar

nice +1

ANABEVZ avatar
ANABEVZ 14 Ago

good!

fxgrind avatar
fxgrind 21 Mar

I would be grateful for better resolution picture...

fxgrind avatar
fxgrind 22 Mar

is it possible to provide better resolution picture?

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