EUR/USD May 23, 2012 Down Trend Channel

A down trend line represents the upper boundary of a down trend channel appears easily on both the daily and the weekly  EUR/USD chart.

The upper boundary trend line formed by joining the highs of the three candlesticks of  the following days trading:

1- August 29, 2011 with high value 1.45480.

2- October 27, 2011 with high value 1.42470.

3- May 1st, 2012 with high value 1.32830.

The lower boundary parallel line is formed by joining the lows of the two candlesticks of the following days trading:

1- October 4, 2011 with low value 1.31440.

2- January 1st, 2012 with low value 1.26230.

The break of the upper boundary upwards will be a buying opportunity , and will be more confirmed if the price retest the trend line as a support after breaking it upwards.

But the more likely scenario is that the price action will reach the lower boundary , cause their is no bullish indication appears to me , technically of course. 

EUR/USD May 17, 2012 : Target at 1.25

After descending triangle formation , the price break down the lower boundary , target for buying at 1.25 , which is by the way an historical support

Positive Failure Swing by the Relative Strength Index - EURUSD - December 23, 2011

A positive buy signal occurred by the RSI indicator which is the positive failure swing , one bottom is under line 30 in the oversold area and the second bottom is above the line 30 , the RSI break the neck line between the two bottoms upwards which is a positive sign , this RSI formation is very quick but very strong "look at the historical performance of the RSI concerning this issue."

EUR/USD December 16, 2011

The difference between the technical analyst and any other investor is that the technical analyst wouldn't surprise if the market moves contrary to his expectations, he knows how to act and what to do.


Here are a list of an indicators that expected the previous move of the EUR/USD.


1- 20 days simple moving average.
2- Stochastic Oscillator (9,5,3).
3- Positive DI & Negative DI.
4- Bollinger bands.


and here are the charts photos for the previous indicators behavior.

And here are a list of a leading indicators that should predict the next coming move of the EUR/USD.

1- MACD.

2- MACD Histogram.

3- Trix Indicator.

and here are the charts photos for the previous indicators

And here are a chart showing the next support level

EURUSD is forming a cycle bottom

http://www.forexcycle.com/eurusd-analysis/38079-eurusd-analysis-december-10-2011.html

EUR/USD sentiments December 09, 2011

Why analysts are bearish about euro/usd but I don't !

Most technical analysts see the downward trend of the euro on charts with different time frames, and also there are the fans of Fibonacci, they see it as the greatest mystery of the universe and markets prices as well.

For this we will reveal the methods of these analysts by showing the charts which is the best way to express their analysis:

But however I agree with them about the fact of the downtrend in euro and the genius Fibonacci lines, but these are not my preferred methods to gain and make profits from the financial markets in General.

I preferred to discover the bottoms and peaks, whether within the bearish downtrend trend or within the uptrend and determine the move which is a part of the trend through the overbought-oversold indicators.

In summary I am waiting the beginning of a potential weekly upward move to buy euro.