Ixabiso le-EURUSD libhekisa kwiNqanaba leNkxaso ye-1.11 yeedola

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Uhlalutyo lwamaxabiso e-EURUSD-ngoFebruwari 14

Should Bears are able to push the price to support level of $1.11, then, support level of $1.10 and $1.09 may be reached. On the other hand, in case the just mentioned level holds, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels.

EUR / USD Market

Amanqanaba aphambili:

Amanqanaba okumelana: $ 1.13, $ 1.14, $ 1.16

Amanqanaba enkxaso: $ 1.11, $ 1.10, $ 1.09

I-EURUSD Ixesha elide iTrendi: Bearish

On the long term outlook, EURUSD is bearish. EURUSD currency pair has been on the ranging trend for more than 2 weeks. The price had a bearish partial breakout on January 27. The price reached the support level of $1.11. The Bullish momentum became strong and the level could not be broken downside by the bears. On the daily chart, a strong bullish candle was produced which penetrated the price level of $1.13 upside and the price tested $1.14 level. The price is currently pulling back towards the $1.11 support level.

EURUSD Daily chart, February 14

EURUSD is penetrating the two EMA downside, the price is trading below the 21 periods EMA and 9 periods EMA heading towards the previous low of $1.11. Should Bears are able to push the price to support level of $1.11, then, support level of $1.10 and $1.09 may be reached. On the other hand, in case the just mentioned level holds, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels. Also, the Relative Strength index period 14 is at 46 levels pointing down to indicate further price reduction.

I-EURUSD yexesha eliphakathi Trend: Bearish

EURUSD is bearish on the medium-term outlook. The price action on the 4-hour chart has formed Double Top chart pattern. The neckline is broken and the price declining, already broke down the former resistance level of $1.13 heading towards the support level of $1.11.

EURUSD 4-hour chart, February 14

I-Relative Strength Index ixesha le-14 likwinqanaba le-33 kunye nemigca yesignali ekhombe phantsi ukubonisa uphawu lokuthengisa kunye nokunciphisa ngakumbi kwixabiso.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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