FX.co ★ Alpha302 | EUR/USD

EUR/USD Technical Analysis HD1 Chart Hello, colleague! I see on EURUSD—you are drawing a decline on your screen, and I seem to expect growth. Now I will go through the readings of the indicators on the daily chart in detail: MA100 is working out the space almost parallel to the floor. But lately—apparently under the influence of the bulls—the final part of the move has nevertheless turned in favor of growth. It is now pulling to the north at a modest trend angle of five degrees. The Bollinger indicator is currently in the space above the local MA100 with all three bands. Moreover, the lower band made an attempt to go beyond the key moving—there was an attempt to develop a decline. But somehow things did not work out for the bears, and quite quickly the band again crossed MA100 from the bottom up. We have a fresh buy signal in development—a golden cross. At the current moment, all three Bollinger Bands are parallel to each other and are pulling to the north at a trend angle of forty degrees. And what is most unpleasant for the bears: the upper Bollinger band went beyond the chart cut. This means that the bulls have not closed their targets. And are not ready to leave the market. For now, the bears are in a very precarious position.

The lightweight MACD is working through the bullish wave. There is a modest sell signal. But the RSAI moving averages have worked through the overbought zone; there is no sell signal. AO has issued sell bars. But the lightweight stochastic has tested the oversold zone; there is now a desire to issue a buy signal. Now the market is trading under the flags of the global sell signal from Semafor. It is clearly placed on the upper Bollinger band. This means that the bulls have not left the market yet. And now I see quite a possibility of growth.