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EURUSD Weekly Technical Analysis July 1-5

EURUSD Weekly Technical Analysis July 1-5

Date: 06-29-2019

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:

RSI(14) 62.112 Buy
STOCH(9,6) 82.797 Overbought
STOCHRSI(14) 80.320 Overbought
MACD(12,26) 0.004 Buy
ADX(14) 32.941 Buy
Williams %R -18.884 Overbought
CCI(14) 81.6547 Buy
ATR(14) 0.0059 Less Volatility
Highs/Lows(14) 0.0034 Buy
Ultimate Oscillator 58.352 Buy
ROC 0.486 Buy
Bull/Bear Power(13) 0.0105 Buy

Buy: 8 Sell:0 Neutral: 0 Overbought:3

Summary: Bullish 

 

Moving Averages Daily Chart:

Period Simple Exponential
MA5 1.1375
Sell
1.1355
Buy
MA10 1.1317
Buy
1.1339
Buy
MA20 1.1296
Buy
1.1299
Buy
MA50 1.1230
Buy
1.1265
Buy
MA100 1.1262
Buy
1.1278
Buy
MA200 1.1343
Buy
1.1387
Sell

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

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1.1041 1.1111 1.1239 1.1309 1.1437 1.1507 1.1635
Fibonacci 1.1111 1.1187 1.1233 1.1309 1.1385 1.1431 1.1507
Camarilla 1.1314 1.1332 1.1350 1.1309 1.1386 1.1404 1.1422
Woodie’s 1.1071 1.1126 1.1269 1.1324 1.1467 1.1522 1.1665

         

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

MACD: None

OSMA: Bearish Divergence 06-26-2019

STOCHASTICS: Bearish Divergence 06-25-2019

AWESOME: None

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

Summary

  1. EURUSD is stuck between 1.13500 – 1.14200.
  2. 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.
  3. 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

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Ercu Kartas

Treasury Department Dealer Technical Analyst FX Trader

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