EURUSD-H4- Trend Analysis

2020年4月13日

SYM: EURUSD-H4
Time: 2020/04/12 00:00:00 UTC

This analysis will be expired by taking place a week after this date or will be broken the largest resistance, the smallest support or the long term trend.
EURUSD

• Trend’s Analysis

Term Trend
Short (STTL).................................Mid Bullish
Mid (MTTL)................................Strong Bearish
Long(LTTL)...............................Very Weak Bullish

• EURUSD_H4 broke above the down trendline at 1.09315, 4 Candles ago. This is a bullish sign. This down trendline may now provide downside support. Volume on the day of the breakout was quite light---51% below average. The most reliable breakouts are accompanied by increased volume. And with prices having only risen 0.03% since the breakout, the validity of the breakout is questionable. A break below this trendline (particularly on heavy volume) would be a bearish sign.

• Supports and Resistance
Supports
1.08836........................................... Mid
1.08464.......................................... Weak
1.07850......................................... Weak
1.06978......................................... Weak
1.06336......................................... Mid

Resistances
Price Power
1.09645........................................Very Strong
1.10209...........................................Strong
1.10552.......................................... Strong
1.10908...........................................Strong
1.11657...........................................Strong






o The most recently confirmed downside support level for EURUSD_H4 is around 1.08836 Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.

o The support level for EURUSD_H4 is around 1.06337 Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) will be a downward trend.

o The Resistance level for EURUSD_H4 is around 1.09645 Expect prices to have some difficulty going above this level. A break above this level (particularly on heavy volume would be a bullish sign but It will not be the end.