Monthly - Long term 118 support with larger view of potential Head and Shoulders. Also showing LT support diagonal (pink). The really weak MACD and RSI double top in 10 and 11 signaled this recent move south.
Showing posts with label Chart MACD RSI. Show all posts
Showing posts with label Chart MACD RSI. Show all posts
Tuesday, January 3, 2012
Charting the EUR/USD
For the longest time (a bit early as I did not suspect the pop to 149 - I was looking as high as 143) I have called down to 135, 125 and finally 116 as my targets for the EUR/USD. You can plainly see the reason for the 116 call in the charts below. What may be wrong with that call is if that level gets hit and busts, the EUR is gone for good as that HnS targets 76.
Monthly - Long term 118 support with larger view of potential Head and Shoulders. Also showing LT support diagonal (pink). The really weak MACD and RSI double top in 10 and 11 signaled this recent move south.
Monthly - Long term 118 support with larger view of potential Head and Shoulders. Also showing LT support diagonal (pink). The really weak MACD and RSI double top in 10 and 11 signaled this recent move south.
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