Updated

EURUSD Analysis - Continuous, Just as the Markets !

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

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1-19-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
See higher Time Frame Analysis below

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Hourly Chart - Gray Bars Under RED TrapZone. Divergence forming on UMVD,

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Daily Candle Chart - GRAY Bar Over RED TrapZone with Divergent UMVD. Mostly wait and watch here.

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RED UMVD means selling, its stalling the price moves. We still have green TrapZone so ...

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GREEN Take it !

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Intraday Latest - GREEN UMVD pushed the prices higher. TrapZone is RED!

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Latest - Buyers may be trapped - if we keep getting RED UMVD and price gets stuck under RED TrapZone again

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RED UMVD came back at the tail end of the session to pull the prices down. RED TrapZone Still in Place, will these Buyers be Trapped ?

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Hourly Check In - Clear down trend with RED TrapZone Look at the last bar RED bars may come in if we have RED UMVD after the current divergence.

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Latest Intraday

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Latest Intraday

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Side By Side Analysis - Very sensitive to short term (Renko) UMVD

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Sideways at the moment. Watch for Change of GRAY Bars to RED for a downside continuation. Another Class A entry might be in the future :)

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Hope you saw the class A entry LONG. Buyers have changed the trend for now. Gray Bars at the moment.

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TrapZone Pro & UMVD are unique. See for your self. Class A & B Entries Clear as Day. You know when Buyers took control and when selling started.
Up Trend Intact

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Hourly Technical Analysis Check In
Down trend has resumed with Angle 4 forming with RED UMVD. Next support will be 1.0696 unless we break over angle 4 and start traveling to new highs/ angle 3

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Bit zoomed out version of the same chart

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Latest

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