Tuesday, November 4, 2014

A Hammer formation has been confirmed on the EUR/USD daily chart

On the daily chart of the Euro versus the Dollar we can see that the 1.2500 zone has been a very important area of support for the pair. This zone becomes even more relevant when we see that on Monday’s daily candle, a Hammer Japanese Candlestick formation has been created. When Tuesday’s candle closes in the green, the pattern has been confirmed and we could see the pair trying to go visit the 1.2600 level.


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9 comments:

  1. AnonymousNov 5, 2014, 2:51:00 AM

    Well spotted! I'll keep it in mind.

    ReplyDelete
  2. UnknownNov 5, 2014, 8:10:00 AM

    Good work, let's see any further development.

    ReplyDelete
  3. UnknownNov 5, 2014, 11:40:00 AM

    Very useful! Thanks.

    ReplyDelete
  4. UnknownNov 5, 2014, 11:54:00 AM

    I thought the same but the bearish trend is still so strong that it couldn't even break above 1.2580 before it fell again.

    ReplyDelete
  5. UnknownNov 6, 2014, 11:01:00 AM

    Great analysis, thank you.

    ReplyDelete
  6. UnknownNov 6, 2014, 4:27:00 PM

    Good analysis.

    ReplyDelete
  7. bewayopaNov 7, 2014, 6:12:00 PM

    I agree with the analysis, excellent point of view.

    ReplyDelete
  8. UnknownNov 8, 2014, 3:25:00 PM

    good point of view

    ReplyDelete
  9. UnknownNov 8, 2014, 4:09:00 PM

    Wow, interesting stuff.

    ReplyDelete

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