简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The EURUSD formed a strong bear close yesterday below the 20-period moving average.
EUR/USD Daily Chart
• The EURUSD formed a strong bear close yesterday below the 20-period moving average.
• The bears are hopeful that today will become a strong follow-through bar, increasing the odds of lower prices. The bears will likely be disappointed by todays follow-through bar, and it will be either a bull trend bar or a bear doji bar.
• The market is around the midpoint of the December rally. Some bulls will buy here, trying to form another higher low in the bull trend that began back in October.
• While yesterdays bear breakout bar is enough to make the market Always In Short, some traders will assume that the bears need one more bar to make it Always In Short.
• Broad bull channels often have pullbacks that become Always In Short. The bulls are hopeful that this is one of those pullback that will lead to higher prices.
• Because of the nested wedge tops (see chart), the odds favor the bears getting a second leg down.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Swissquote introduces fractional shares and crypto trading, offering affordable and flexible investment options with a new saving plan for diversified portfolios.
Elite Pro Markets is an unregulated, inaccessible Forex broker with no physical office. Rated 1.5 on WikiFX, it's a scam you should avoid.
ATFX launches a prop trading service, offering traders access to capital, advanced strategies, and a secure, regulated platform for success in forex and CFD trading worldwide.
Interactive Brokers and Altor Equity Partners eye Saxo Bank's acquisition, signaling major shifts in Denmark's financial sector as Saxo reviews strategic options.