empty
 
 
19.08.2019 03:40 PM
EUR/USD for August 19,2019 - Down reversal candle on weekly time-frame

Weekly view:

This image is no longer relevant

Based on the weekly time-frame, I found that key resistance at the price of 1.1226 held last week and that we got strong rejection of the middle Bollinger band (20SMA), which is good sign for further downside. Additionally, there is reversal bearish engulfing candle, which is another confirmation of the weakness.

4H time-frame view:

This image is no longer relevant

Based on the 4H time-frame, I found new momentum down on the MACD oscillator, which is sign of the underlying bearish pressure. I also found rejection of the middle Bollinger band (20SMA) at 1.1115, which provides good sell zone. Watch for more downside.

Trading recommendation:

According to current market condition, my advice is to watch for selling opportunities due to underlying short-term downward trend. Downward targets are set at the price of 1.1070 and 1.1031. Resistance levels are found at the price of 1.1118 and 1.1128.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback