EURUSD M5 Technical Analysis

2017-05-03_21-03

Forex Technical Analysis for EURUSD M5 and Price Action as listed below:

Rising Support

S/R

Rising Channel

Narrow Sideways Channel

Historical S/R becomes Resistance

New support forms the bottom of Narrow sideways Channel

MC

Needless to say M5 is currently Bear and in the Zone.

Best Regards,

Sir Gissachance

Read more…

Comments

  • Really nice chart Sir Gissa, the patterns tell a story we must follow. 

    All the best JR

  • Nice Techs and as usual the data translation is uncanny
This reply was deleted.

You need to be a member of Forexmospherians - Forex Traders Social Network to add comments!

Join Forexmospherians - Forex Traders Social Network

Helpful Hints

Share EUR Photos or Charts with a description either written directly on the Photo/Chart or in the description box provided. This will help community members understand the photo, trade, analysis, results or strategy.

Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.

Jim M

Latest Activity

Paul commented on FXCoalface's blog post You Can lead a Human to Forex Knowledge .........
Nov 25, 2022
IFC Markets, Oluwatayo Oluwawunmi, Jake and 1 more joined Forexmospherians - Forex Traders Social Network
Nov 21, 2022
Roland Trevelyan-Cresswell liked Sir Gissachance's blog post Insider trading and insider information?
Nov 15, 2022
Alfred, Christina Florand and Roland Trevelyan-Cresswell joined Forexmospherians - Forex Traders Social Network
Nov 11, 2022
Sir Gissachance commented on Sir Gissachance's blog post A New Forex Trader | "I'm Like a Dog Chasing Cars"
May 20, 2021
Stella Abu updated their profile
May 18, 2021
Rishi Raj Singh and Silva joined Forexmospherians - Forex Traders Social Network
May 17, 2021
longle4395 commented on david william's blog post EUR / USD can rise more
Dec 21, 2020
longle4395 commented on Daniel Stasziek's blog post Daniel's FX Trading
Dec 18, 2020
Sir Gissachance commented on Sir Gissachance's blog post A New Forex Trader | "I'm Like a Dog Chasing Cars"
Dec 18, 2020
longle4395 commented on Sir Gissachance's blog post A New Forex Trader | "I'm Like a Dog Chasing Cars"
Dec 17, 2020
longle4395 is now a member of Forexmospherians - Forex Traders Social Network
Dec 16, 2020
More…