XAUUSD-H4.Trend Analysis. 2020/04/25

2020년 5월 3일

SYM: EURUSD-H4
Time: 2020/05/02 00:00:00 UTC
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.
• Trend’s Analysis
Term-------------------------------Trend
Short (STTL)................. Mid Bullish
Mid (MTTL).................. Strong Bullish
Long(LTTL)................... Mid Bearish

o EURUSD_H4 broke below the Very Weak Bullish-LTTL at 1.08616, 67 candles ago. This is a Bearish sign. This Uptrend line may now provide upside Resistance. The volume on the candle of the breakout was quite heavy (38% above average). This Line played a resistance role at 1.10157, 2 candles ago.
o The most recently confirmed Uptrend line in Very Long Term for EURUSD_H4 is Mid Bullish-LTTL. It was made at 1.06311, 180 candles ago, and confirmed at 1.07477,33 candles ago. A break below this trend line (particularly on heavy volume ) would be a Bearish sign.
o EURUSD_H4 broke above the Strong Bearish-MTTL at 1.08230, 28 candles ago. This is a Bullish sign. This Downtrend line may now provide downside Support. The volume on the candle of the breakout was not heavy (Equal to average).
o EURUSD_H4 broke above the Strong Bearish-LTTL2 at 1.08436, 12 candles ago. This is a Bullish sign. This Downtrend line may now provide downside Support. The volume on the candle of the breakout was Volume on the day of the breakout was neither extremely heavy nor extremely light (23% above average).
o EURUSD_H4 broke above the Strong Bearish-LTTL2 at 1.09368, 6 candles ago. This is a Bullish sign. This Downtrend line may now provide downside Support. The volume on the candle of the breakout was Volume on the day of the breakout was so heavy (237% above average).
o The most recently confirmed downtrend line in the Long Term for EURUSD_H4 is Mid Bearish-LTTL. It was made at 1.11439, 150 candles ago, and confirmed at 1.10193,2 candles ago. A break above this trend line (particularly on heavy volume ) would be a Bullish sign.
o The most recently confirmed Uptrend line in Mid Term for EURUSD_H4 is Strong Bullish-MTTL. It was made at 1.07477,33 candles ago and confirmed at 1.08418,7 candles ago. A break below this trend line (particularly on heavy volume ) would be a Bearish sign.
o The most recently confirmed Uptrend line in Short Term for EURUSD_H4 is Strong Bullish-STTL. It was made at 1.08212,17 candles ago and confirmed at 1.08418,7 candles ago. A break below this trend line (particularly on heavy volume ) would be a Bearish sign.
o The current market condition for EURUSD_H4 is: Very Bullish
• The close is currently above its 30 periods moving average. Prices broke above 30 periods moving average at 1.08158, 28 candles ago. This is a Bullish sign. The volume on the candle of the breakout was light (37% below average)
• The close is currently above its 90 periods moving average. Prices broke above 90 periods moving average at 1.08687, 9 candles ago. This is a Bullish sign. The volume on the candle of the breakout was neither extremely heavy nor extremely light (only 4% below average)
• The close is currently above its 200 periods moving average. Prices broke above 200 periods moving average at 1.08158, 9 candles ago. This is a Bullish sign. The volume on the candle of the breakout was so heavy (237%
above average)


• Supports and Resistance
Supports
Price----------------------Power
1.09654................. Strong/B
1.08836................. Weak/B
1.08464................. Weak/A
1.08202................. Weak/A
1.07850................. Weak/A
Resistances
Price--------------------Power
1.10209................. Mid
1.10710................. Strong/A
1.11184................. Strong/B
1.11657................. Strong/B
1.12094................. Very Strong/B
o EURUSD_H4 broke above the Upside Weak Resistance level of 1.08202, 29 candles ago. The previous Support level of 1.08202 may now provide downside Support. The volume on the candle of the breakout was neither extremely heavy nor extremely light (3% below average).
o EURUSD_H4 broke above the Upside Weak Resistance level of 1.08464, 16 candles ago. The previous Support level of 1.08464 may now provide downside Support. The volume on the candle of the breakout was neither extremely heavy nor extremely light (10% above average).
o EURUSD_H4 broke above the Upside Weak Resistance level of 1.08836, 7 candles ago. The previous Support level of 1.08836 may now provide downside Support. The volume on the candle of the breakout was so heavy (237% above average). Break below this level is Bearish sign.
o Broke above three Weak Resistance in 22 candles (short time) is a Bullish sign.
o EURUSD_H4 broke above the Upside Mid Resistance level of 1.09645, 4 candles ago. This is a Bullish sign. The previous Support level of 1.09645 may now provide downside Support. The volume on the candle of the breakout was neither extremely heavy nor extremely light (10% below average). We will expect that price has some difficulties to break down this level. This level is important for traders.
o The most recently confirmed upside Mid Resistance level for EURUSD_H4 is around 1.10209.
o Three Strong Resistance levels (1.10710, 1.11184, and 1.11657) are against to the Rising prices and brake above each of them is a Bullish sign. We will expect that price has some difficulties to break up these levels.
o The Resistance level for EURUSD_H4 is around 1.12094 and we will expect that price has some difficulties to break up this level. A break above this level (particularly on heavy volume ) it will be a sign that the upward trend will continue. This level is important for traders.

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This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.