USDRON Sell SignalPattern: 1D Channel Up.
Signal: Bearish as the pattern has hit a Higher High.
Target: 4.3500.
Target hit on my previous USDRON signal:
T-RON
USD/RON is expected to continue its upwards movement𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜.
𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥.
The pair is expected to continue its upwards movement after it bounced back from an uptrend support line. Romania has been the next target of US militarization. The shift in the US defense strategy comes amid the widening gap in the relationship between Washington and Ankara. The United States was already able to establish a strong relation with the V4 Nations (Hungary, Poland, Czeckia, and Slovakia). However, among the eastern bloc, Romania was the most vulnerable. The country was also sitting is a major geopolitical location as it borders Ukraine. In 2014, Russia annexed Crimean, a Ukrainian territory. Ukraine is a candidate for accession in the European Union and the US-led NATO (North Atlantic Treaty Organization) alliance. The US has recently appointed a Resident Legal Advisor to Romania to help the country combat corruption, money laundering, organized crime, and possibly to shrug off any Chinese influence.
EURRON: 1M Resistance rejection. Short opportunity.The pair is on a strong 1D uptrend since it found support in September on the 1D MA50 and is close to the overbought zone (RSI = 71.170). Yesterday it peaked at 75.000 which is where it was rejected on September 20th. Moreover yesterday's rejection took place on the 1M 4.7825 Resistance, which is holding since late January 2019. As a result we are expecting a strong pull back to the 4.7500 Symmetrical Support.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
USDRON: Long opportunity on the 1M Channel Up.The pair has started to rebound after last week's Higher Low within the 1M Channel Up (RSI = 61.167, MACD = 0.070, Highs/Lows = 0.0555). The 1D RSI has still room to rise before reaching the 68.35 - 72.00 peak zone. Since every Higher Low within the Channel Up has extended at least a +4.83% we calculate the next Higher High around 4.4500. Our Target Zone is 4.4000 - 4.4500.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
USDRON Double Buy SignalPattern: 1D Channel Up.
Signal: Bullish as it is approaching the Higher Low zone of the pattern.
Target: 4.3800 (based on the Higher High dif).
*note if the 1D MA50 breaks potential decline towards the 1D MA200 (strongest long term buy signal).
EURRONVedem ca bulls au fost scosi cand linia de trend a fost sparta,iar acum se afla o lupte intre bulls-bears,un break + retest pe daily care sa se inchida deasupra unui nivel schimband structura,iar apoi H4 aratand semne de rejectie din nivel pentru un SL bun.
USDRON: 1D Channel Up. Long.The price is trading within a 1D Channel Up (RSI = 56.303, MACD = 0.018, B/BP = 0.0098) and is near completing its Higher Low (Highs/Lows = 0.0000). The next Higher High extension should be near 4.18138. Long with TP = 4.16950.
Long term sideways movement. Short near the Resistance.EURRON is on a very long term 1D Rectangle pattern (RSI = 48.105, STOCH = 47.119, Williams = -47.804, CCI = -46.8286, Highs/Lows = 000, all neutral) at 4.6135 - 4.6800, trading sideways since mid-November 2017. You can work withing its Support/ Resistance levels (buy low, sell high) as long as they are not crossed. The next technical TP = 4.6303.
Channel Up on 1D. Long.USDRON is consolidating on a Higher Low on the 1D Channel Up (RSI = 54.485, Williams = -49.880, Highs/Lows = 0). Taking a long, TP = 4.04165, but as you see on a very tight SL.
