| Level | Rationale | Indicator | 30M | 1H | 4H | |||
| R4 | 1.0848 | 55-hour SMA | MACD (12; 26; 9) | Sell | Buy | Buy | ||
| R3 | 1.0843 | Daily Pivot Point | RSI (14) | Buy | Neutral | Neutral | ||
| R2 | 1.0838 | Cloud Resistance; 100-hour SMA | Stochastic (5; 3; 3) | Neutral | Sell | Buy | ||
| R1 | 1.0833 | Weekly Pivot Point | ADX (14) | Neutral | Neutral | Buy | ||
| S1 | 1.0821 | Bottom Bollinger Band | CCI (14) | Buy | Buy | Sell | ||
| S2 | 1.0819 | 200-hour SMA | AROON (14) | Buy | Buy | Buy | ||
| S3 | 1.0812 | Daily S1 | Alligator (13; 8; 5) | Sell | Buy | Buy | ||
| S4 | 1.0819 | Neckline | SAR (0.02; 0.2) | Sell | Sell | Buy | ||
| Aggregate | → | → | ↑ |
Note: This section contains information in English only.
EUR/USD is sending mixed signals in between several time-frames, as a channel up pattern appears to be emerging on the daily one, but the hourly chart shows lack of downward pressures that would lead to a bounce off the upper trend-line around 1.0942. The pair has set a symmetrical triangle and has failed to abandon the upper line, suggesting that the previously strong trend-line might break soon. We will still keep the downward motion as our base scenario because of the seniority of the trend-line, meaning that a slip below 1.0912 is likely to signal a dive towards 1.0620/30 area where the bottom trend-line lies.
Wed, 03 May 2017 08:28:42 GMT
Source: Dukascopy Bank SA