Trading news

EURUSD: Wave Analysis For May 06, 2015

Posted on May 6, 2015 09:35

EURO getting stronger against the US dollar since last two consecutive days, strong bullish sentiments is founded above the price area 1.1158. It seems that today this pair will try to cross the high of previous week 1.1289; if this assumption is true then the next acceptable target would be 1.1492.

As per wave analysis, this pair is trying its beat to cross 1.1292 level because the 4th (d) corrective wave has been completed and the 5th wave E is extending itself in graph h4.
Furthermore Ichimoku cloud analysis is also bullish in h1 as well in h4 graph. Tenken sen and kijun sen are acting as a strong support for this pair in daily graph.

Monday, 25 May, 2015 / 12:01

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.rinvestments.com/forex-forecast/eurusd-wave-analysis-for-may-06-2015.html

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under