Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

EUR/USD Chartpack - Technicals & Trade Setup : FxWirePro | January 4, 2018

Print PDF

EUR/USD trend slides below DMAs after hanging man formation, trend indicators signal bulls to inch higher but momentum indicators puzzle:

Hanging man pattern candles have occurred at 1.2044, 1.2058, 1.2032, and 1.2027 levels on EURUSD 0.31% intraday plotting. After these bearish patterns, consequently, the prices slid below 21DMAs, more bearish rout on cards upon momentum & trend indicators.

On a broader perspective, the bull swings have managed to break out the long lasting range resistance but shooting star pattern candle has occurred at 1.1811 levels, ever since then consolidation phase seems to be little exhausted. Consequently, bears have managed to plummet the prices in the consolidation phase of the major trend.

But bulls tested supported at 7EMAs to bounce back, for now, the rallies seem to be extending further upon bullish EMA and MACD crossover.

While both lagging indicators on intraday terms (DMAs & MACD ) have been signaling extension of downswings (refer 4H charts).

At spot reference: 1.1788 levels, contemplating bearish sentiment on intraday terms, on trading perspective, it is advisable to buy tunnel spreads using upper strikes at 1.2030 and lower strikes at 1.2007 levels. Thereby, the intraday speculators can eye on southward targets about 20-30 pips. The strategy is likely to fetch leveraged yields as long as underlying spot FX keeps dipping but well above lower strike before the binary expiry duration.

Alternatively, at the same spot levels, we advocate arresting bullish risks by initiating longs in futures contracts of mid-month expiries by keeping a strict stop loss at around 1.1712 levels.

Currency Strength Index: FxWirePro's hourly EUR spot index is displaying shy above 62 levels (which is bullish ). While hourly USD spot index was inching towards -37 ( bearish ) while articulating (at 05:53 GMT             ).

Submit Your Comments:

 Forex Trading VPS


Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !