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EURUSD Breaking the major resistance : Technical Overview H4 Chart

EURUSD Breaking the major resistance: Technical Overview H4 Chart

Date: 06-24-2019

Time: Pre Asia

H4 Chart Overview is updated prior to London and New York Opening.
This is just a technical summary of the said pair/instrument on the mentioned chart timeframe.
Please note that the fundamentals and Economic Calendar Data Flow may have a strong impact.

Technical Indicators

RSI(14) 73.876 Buy / Approaching Overbought
STOCH(9,6) 71.082 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 0.002 Buy
ADX(14) 65.620 Buy
Williams %R -5.235 Overbought
CCI(14) 149.2981 Buy
ATR(14) 0.0031 High Volatility
Highs/Lows(14) 0.0078 Buy
Ultimate Oscillator 70.224 Overbought
ROC 1.495 Buy
Bull/Bear Power(13) 0.0135 Buy

Indicators Summary: Strong Buy / Overbought / Retracement Predicted

Moving Averages:

SMA 12: 1.13020

SMA 20: 1.12610 / Buy

EMA 50: 1.12620 / Buy

SMA 100: 1.12500 / Buy

SMA 200: 1.12170 / Buy

The first Moving Average Resistance: 1.14060 EMA50 Weekly

The first Moving Average Support: 1.13020 SMA 12

Summary: Price is above all main Moving Averages. Strong Bullish

Bollinger Bands Readings

Bollinger Bandwidth(20): 0.02

Bollinger Bands %b(20:2): 85.70

Summary: Retracement is predicted.

 

Ichimoku Readings:

Senkou Span A: 1.12590

Senkou Span B: 1.12730

Tenkan-sen Kijun-sen: Bullish

Ichimoku Summary: Strong Bullish

 

Murrey Math Calculations ( Support / Pivot / Resistance ):

Upside Levels: 1.13850 5/8 Top of The Trading Range  1.14150 6/8 Pivot, Reverse Major

Downside Levels: 1.13520 4/8 Major Suppor/ Reverse  1.13220 3/8 Bottom of Trading Range 1.12920 2/8 Pivot Reverse Support

Summary: 1.1413 key resistance and the price must close above in order to continue its bullish move. 1.12920 is the key support. If we do not see any fundamental catalyst, the price is likely to trade sideways.

Divergence ( Regular / Hidden) 

RSI: None

MACD: None

OSMA:  None

STOCHASTICS: None

AWESOME: None

CCI: Bearish Divergence Pending

Candle Patterns ( Confirmed Only )

Nothing Confirmed

Breakout and Harmonic Patterns

Bearish AB=CD

Bearish Total 2 and Crab Extention

Please read the setup: EURUSD Harmonic Trade Setup H4 Chart EUUS230601

 

 

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Major Resistance: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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