EURUSD Weekly Technical Analysis July 1-5
Daily Chart Overview is released prior to Asia Opening only.
To see the intraday overview/summary, please check H4 and H1 Overviews.
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.
Current Value: 1.13676
Technical Indicators Daily Chart:
Buy: 8 Sell:0 Neutral: 0 Overbought:3
Moving Averages Daily Chart:
Summary: Price is above all main Moving Averages. Bullish Overview
The first Moving Average Resistance: 1.14700 SMA 120 Weekly
The first Moving Average Support: 1.13430 SMA 200
Bollinger Bands Readings
Bollinger Bandwidth(20): 0.0252
Bollinger Bands %b(20:2): 72.920
Summary: The pair is trading in the upper BB. No significant deviation.
Ichimoku Readings Weekly Chart:
Senkou Span A: 1.14360 ( Cloud Resistance )
Senkou Span B: 1.18850
Kijun-Sen: 1.13380 ( First Support )
Tenkan-Sen: 1.12590 ( Second Support )
Ichimoku Summary Weekly Chart: Bearish. The price is below the cloud. Senkou Span A 1.14360.
Support / Pivot / Resistance Weekly Chart Readings
Murrey Math Calculations ( Support / Pivot / Resistance ):
Upside Levels: 1.14130 MM 7/8 1.14740 MM 8/8 Ultimate Resistance 1.15350 MM +1/8 Overshoot
Downside Levels: 1.13520 MM 6/8 Major Support 1.12915 MM 5/8 Trading Range 1.12300 MM 4/8 Support
Summary: Bullish Above 1.12910
Divergence Daily Chart ( Regular / Hidden)
RSI: Bearish Divergence 06-24-2019
OSMA: Bearish Divergence 06-26-2019
STOCHASTICS: Bearish Divergence 06-25-2019
CCI: Bearish Divergence 06-24-2019
Candle Patterns ( Confirmed Only )
Bullish Rising Three – Week of June 17th –
Bearish Hanging Man – H4 Chart –
Breakout and Harmonic Patterns
Bearish AB=CD 1.12180 H4 Chart ( Activated )
Bearish Cypher Daily Chart 1.15380
Bearish Cypher Weekly Chart 1.16950
Bullish Three Drives Weekly Chart 1.11100 Activated
Inverse Head And Shoulders: Not Completed / Stil in Construction
- EURUSD is stuck between 1.13500 – 1.14200.
- As seen on the weekly readings, the trend is still bearish. The pair must close above 1.14700 in order to enter the neutral territory in the weekly charts.
- Near term bullish trend will continue as long as it holds above 1.12900 support.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
EURUSD: 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