FX technical analysis Oct 19

EUR/USD - Euro Dollar Short term (Intraday) EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The price is just bellow 1,2540 resistance. The volatility decreases. Bollinger bands are tightened. MACD is in a bearish configuration. There is a negative divergence between price and oscillators on the 1H chart. The uptrend seems to be finished. The trend should reverse. The price should find a support above 1,2440. We won't take a position.

chart :

formatting link
USD/CHF - Dollar Swiss Franc Short term (Intraday) USD CHF is in an downtrend directed by 1H exponential moving averages. The price is just bellow 1,2360 resistance. The volatility is low. Bollinger bands are flat. RSI is in a bullish configuration. There is a positive divergence between price and oscillators on the 1H chart. The downtrend seems to be finished. The price should find a resistance below 1,2420 / 1,2465.

chart :

formatting link
USD/JPY - Dollar Yen Short term (Intraday) USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. There is a positive divergence between price and oscillators on the 4H chart. Oscillators are neutral. The price should continue to move in 109,00 / 110,00 range. We won't take a position.

chart :

formatting link

Reply to
Arnaud
Loading thread data ...

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.