Forex4you's Posts - JDFN Financial Network2024-03-29T14:25:48ZForex4youhttps://jdfn.com/profile/AlbieWattshttps://storage.ning.com/topology/rest/1.0/file/get/2526541274?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://jdfn.com/profiles/blog/feed?user=14kk1640r0d98&xn_auth=noForex4you Technical Analysis 27 May 2013tag:jdfn.com,2013-05-27:2203529:BlogPost:567122013-05-27T19:31:11.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Trend-Line Still Supporting</span></p>
<p>The EUR/USD exchange rate is trading slightly above the July '12 trend-line. The thick band of resistance at 1.2980 including the 50-day MA is preventing further upside. A decisive break above 1.3000 would be necessary to trigger a stronger move higher to the 1.3170 highs. It's looking less likely the trend-line will break and we will get a bearish…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Trend-Line Still Supporting</span></p>
<p>The EUR/USD exchange rate is trading slightly above the July '12 trend-line. The thick band of resistance at 1.2980 including the 50-day MA is preventing further upside. A decisive break above 1.3000 would be necessary to trigger a stronger move higher to the 1.3170 highs. It's looking less likely the trend-line will break and we will get a bearish drive lower, but a move below 1.2795 would open up a downside target of 1.2580. Today is a holiday in the U.S and U.K so market volumes and volatility are likely to remain low.<br/><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD27.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD27.png?width=640" width="640"/></a><br/><span style="color: #000000;" class="font-size-4">GBP/USD: Bouncing Within a Down-Trend</span></p>
<p>The GBP/USD pair has fallen bearishly to a target from its channel breakdown and support at the recent lows. Now it has bounced and broken above a down-sloping trend-line, generating an upside target at 1.5290, which is also in the region of the support line of the box-congestion zone on the weekly chart. The monthly pivot at 1.5190 could also resist further upside. After the bounce has finished the strong down-trend is expected to resume eventually until it reaches the 1.4825 level at the recent lows and then possibly eventually the target down for the box breakout at 1.4225.<br/><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD27.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD27.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst - <a href="http://www.forex4you.my/belajar-forex/" target="_blank">Belajar Forex</a><br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<br/><br/></p>Forex4you Technical Analysis 24 May 2013tag:jdfn.com,2013-05-24:2203529:BlogPost:569232013-05-24T19:30:00.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bouncing Off Trend-Line</span></p>
<p>The EUR/USD exchange rate is still trading on the July '12 trend-line however it is rising bullishly at the moment. We have had a surge this morning which has taken it up to 1.2980 where a thick band of resistance, including the 50-day MA is situated. If it manages to break above 1.3000 then it is possible we could see a move higher to the 1.3170 highs.…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bouncing Off Trend-Line</span></p>
<p>The EUR/USD exchange rate is still trading on the July '12 trend-line however it is rising bullishly at the moment. We have had a surge this morning which has taken it up to 1.2980 where a thick band of resistance, including the 50-day MA is situated. If it manages to break above 1.3000 then it is possible we could see a move higher to the 1.3170 highs. It's looking less likely the trend-line will break and we will get a bearish drive lower, but a move below 1.2795 would be required for a fall to the downside target at 1.2580.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD24b.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD24b.png?width=640" width="640"/></a><br/> <span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Falling Within Channel</span></p>
<p>The USD/JPY pair has fallen from the 103.73 highs, pulling back just shy of fulfilling the 104.00 target and whilst it is possible it could go higher again to 104.00 we may count the target reached, indicating a short-term top is in place. We will probably now see a move down within the channel to the lower border-line at 100.00. I break below that would initiate a stronger bearish correction perhaps to the trend-line at roughly 97.80.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY24b.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY24b.png?width=640" width="640"/></a><br/> <strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/> <br/> Disclaimer:<br/> Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 23 May 2013tag:jdfn.com,2013-05-23:2203529:BlogPost:569162013-05-23T16:43:58.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Bouncing in Down-Trend</span></p>
<p>The aussie has resumed its descent and reached close to previous lows at 0.9580 which might be expected to provide support. It has recovered strongly today and climbed back up although it will meet resistance at 0.9765 from the down-sloping trend-line for the move, at which point it could stop and resume its descent. The 0.9387 lows are next in focus…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Bouncing in Down-Trend</span></p>
<p>The aussie has resumed its descent and reached close to previous lows at 0.9580 which might be expected to provide support. It has recovered strongly today and climbed back up although it will meet resistance at 0.9765 from the down-sloping trend-line for the move, at which point it could stop and resume its descent. The 0.9387 lows are next in focus although ultimately the target from the recent breakout of the multi-month triangle at 0.8010 provides the eventual endpoint for the move down down.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD24.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD24.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Still on Trend-Line Support</span></p>
<p>The EUR/USD pair is still trading at the level of the July '12 trend-line having pulled back to it after last Friday's decisive break proved premature. We have had three days in a row trading around the level of the trend-line but eventually I think it probably will break lower again targeting 1.2580, with a move below the 1.2795 lows confirming. In the event of a bounce I'd want to see a break above the 1.3000 level acting as confirmation for a possible rally up to the 1.3170 highs.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD24.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD24.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Bearish Target Reached</span></p>
<p>The GBP/USD has fallen to the target at 1.5010 generated after the breakdown from the bullish channel on the 10th of May. It is currently consolidating on an old trend-line at the same level and could bounce higher to perhaps the level of the monthly pivot at 1.5190. Eventually we shall probably see a move down to match the 1.4831 lows. From an Elliot-wave perspective the pattern we are presented with from the December '12 highs is probably an impulse wave with wave 5 unfolding at the moment, and likely to match the end of 3 at the very least.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD24b.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD24b.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 20 May 2013tag:jdfn.com,2013-05-20:2203529:BlogPost:566332013-05-20T13:30:00.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Trend-Line Broken</span></p>
<p>Eurodollar has broken down and closed below the major trend-line from the July '12 lows, which is a bearish indication. This morning there has been a recovery to 1.2860 but it is unlikely to go much higher as upside is capped by the underside of the trend-line just breached and a thick grouping of pivots and moving averages at 1.2870. The trend-line break…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Trend-Line Broken</span></p>
<p>Eurodollar has broken down and closed below the major trend-line from the July '12 lows, which is a bearish indication. This morning there has been a recovery to 1.2860 but it is unlikely to go much higher as upside is capped by the underside of the trend-line just breached and a thick grouping of pivots and moving averages at 1.2870. The trend-line break suggests there will probably be a stronger move lower, with an eventual target all the way down at 1.2455 although the monthly pivot situated at 1.2580 supplies a nearer, more achievable objective.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD20.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD20.png?width=640" width="640"/></a><br/> <span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Channeling Higher</span></p>
<p>The USD/JPY pair is steadily rising in an upward-slanting channel. The target from the triangle breakout lies at 104.00 and forms a probable eventual target. There has been some weakness recently, however, and the pair could continue selling off a little more until it reaches the lower border of the channel at 102.30. At that level, however, it would probably resume the up-trend, rebounding back higher and reaching the top of the channel at 103.50 initially, before the eventual target at 104.00.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY20.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY20.png?width=640" width="640"/></a><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/> <br/> Disclaimer:<br/> Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether <a href="http://thai.forex4you.com/" target="_blank">forex trading</a> is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 17 May 2013tag:jdfn.com,2013-05-17:2203529:BlogPost:565382013-05-17T18:07:37.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Attempting Triangle Breakout</span></p>
<p>The aussie dollar has fallen to a major support level provided by the lower boundary of the multi-month triangle it has been moving in on the long-term charts. It looks poised to break lower after showing even more weakness today. It has broken down through the monthly pivot which was adding its weight to support at 0.9835. However, a daily close…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Attempting Triangle Breakout</span></p>
<p>The aussie dollar has fallen to a major support level provided by the lower boundary of the multi-month triangle it has been moving in on the long-term charts. It looks poised to break lower after showing even more weakness today. It has broken down through the monthly pivot which was adding its weight to support at 0.9835. However, a daily close below 0.9780 would be necessary for indicating a breakout. A move below 0.9580 would also give even stronger confirmation. The downside target if the triangle breaks lies at 0.8050.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD17.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD17.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">EUR/USD: Consolidating On Key Trend-Line</span></p>
<p>Eurodollar continues to consolidate at the critical 1.2860-70 level where the weekly and monthly pivot and the trend-line for the move up since summer '12 are all situated and offering support. A bounce higher is possible with - first 1.2930 at the consolidation range highs providing initial resistance - and then if that is broken 1.3000. A close below 1.2860, however, would provide confirmation of a bearish breakdown with a downside target of 1.2580 initially. A decisive move below 1.2840 might also indicate further downside to the same level.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD17.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD17.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Consolidating In Up-Trend</span></p>
<p>The exchange rate is in an up-trend but consolidating again in the 102.50s. It will probably go higher to 104.00, the target generated by the breakout from the recent ascending triangle. 104.00 is also where the weekly and monthly pivots lie. Momentum is a little overbought now however, so it is also possible the current consolidation could extend sideways for longer, or even possibly break-down, with a move below the 101.75 range lows falling to 101.25, followed by the pivots at 100.70.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY17.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY17.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 16 May 2013tag:jdfn.com,2013-05-16:2203529:BlogPost:565332013-05-16T19:00:23.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Supported By Trend-Line</span></p>
<p>Eurodollar has now fallen to support from a trend-line and major pivots at around 1.2860. It is currently consolidating at this level. If it breaks down and closes below the trend-line then it will signal a bearish reversal with a downside target of 1.2450 – although the monthly pivot at 1.2580 is a closer more achievable target. Alternatively a strong…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Supported By Trend-Line</span></p>
<p>Eurodollar has now fallen to support from a trend-line and major pivots at around 1.2860. It is currently consolidating at this level. If it breaks down and closes below the trend-line then it will signal a bearish reversal with a downside target of 1.2450 – although the monthly pivot at 1.2580 is a closer more achievable target. Alternatively a strong move above the 1.2890 highs could signal a bounce with an upside target of 1.2965.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD16.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD16.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Consolidating On Support</span></p>
<p>Cable has broken out of its channel and fallen heavily, although it still has further to go, with the eventual target for the breakout lying down at 1.5035. Currently it is consolidating on support from the monthly pivot at 1.5190. Whilst it may bounce from here temporarily it will probably roll-over eventually and reach the 1.50 target. If there is a bounce from the current level then it will probably stop at resistance from the 50-day MA at 1.5250, before perhaps resuming the down-trend, and a break above the 50-day would be pre-requisite to renewing bullish demand.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD16.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD16.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 15 May 2013tag:jdfn.com,2013-05-15:2203529:BlogPost:566242013-05-15T19:31:11.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">AUD/USD: Close to Triangle Border</span></p>
<p>The aussie has broken down out of the sideways consolidation range on the weekly chart. It will probably now eventually fall to the lower border of the multi-month triangle at 0.9780, however, it has already reached strong support from the level of the monthly pivot at 0.9830, which could lead to a bounce first, with a move above 0.9920 giving bullish confirmation of a…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">AUD/USD: Close to Triangle Border</span></p>
<p>The aussie has broken down out of the sideways consolidation range on the weekly chart. It will probably now eventually fall to the lower border of the multi-month triangle at 0.9780, however, it has already reached strong support from the level of the monthly pivot at 0.9830, which could lead to a bounce first, with a move above 0.9920 giving bullish confirmation of a rally, probably to parity, although overall the chart looks quite bearish. A downside breakout from the triangle is a tantalizing possibility now followed by a fall to the target at 0.8100.</p>
<p><br/><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD15.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD15.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">EUR/USD: Near Key 1.2870 Level</span></p>
<p>EUR/USD broke below the 200-day MA and has started a new leg lower. It will probably now continue to the strong bundle of support at 1.2870, composed of pivots and a trend-line. A break of that level would be required , however, for confirmation of a deeper move, initially to the 1.2745 lows and then probably even to 1.2675. It seems the whole of the move down from February is unfolding in an Elliot wave with the current move lower a final 5th . Any kind of a rebound would need to break above 1.3028 for bulls to get interested.</p>
<p><br/><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD15.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD15.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">USD/JPY: Up-Trend Continuing</span></p>
<p>The USD/JPY pair has continued rising after the breakout above the key 100 level and then above the monthly pivot at 100.68. It will probably continue higher until it reaches the target from the ascending triangle at 104.00, which is also the level of the monthly and weekly pivots. Alternatively given the up-move is now overbought, there is now the possibility that we might see a correction, with a move back down to 102.00 possible, or if below that, then back to the monthly pivot at 100.68, subject to confirmation from price itself.</p>
<p><br/><a target="_blank" href="http://www.forex4you.com/images/site/analysis/05-13/USDJPY15c.png"><img class="align-full" src="http://www.forex4you.com/images/site/analysis/05-13/USDJPY15c.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 07 May 2013tag:jdfn.com,2013-05-07:2203529:BlogPost:564932013-05-07T19:11:54.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: bear move hits range lows</span></p>
<p>The down-trend in the aussie continues and has gained fresh impetus from news of an RBA's rate cut. It has now reached the region of the box range lows at 1.0150 where it could begin to consolidate or even bounce. The monthly pivot at 1.0195 adds further support, however, there are no signs of reversal yet and given the RBA action the probabilities may…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: bear move hits range lows</span></p>
<p>The down-trend in the aussie continues and has gained fresh impetus from news of an RBA's rate cut. It has now reached the region of the box range lows at 1.0150 where it could begin to consolidate or even bounce. The monthly pivot at 1.0195 adds further support, however, there are no signs of reversal yet and given the RBA action the probabilities may favour a breakdown. A move below 1.0115 would probably reach the monthly pivot at 1.0027. I would want to see a break below there, however, for a stronger bear break to the lower triangle boundary at around 0.9900, and then possibly lower. If there is bounce from the range lows then I would want to see a move above 1.0255 to confirm a rally up to the highs at 1.0550s.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD06.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD06.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: @ resistance</span></p>
<p>Cable is in an up-trend overall but it has reached a resistance level from where it might pull-back temporarily. It has retraced 50% of the move down which began in January and is currently touching the 100-day MA. It has reached its upper channel-line and formed a possible reversal pattern. Evidence is building that it might correct back to perhaps 1.5410 and the bottom of the channel, and a break below 1.5480 would act as confirmation. Alternatively if it breaks above the 1.5601 highs decisively a move up to the top of the channel again at 1.5650 is possible.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD07.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD07.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: possible reversal pattern</span></p>
<p>Eurodollar has struggled to break up into new territory and formed a price pattern instead. This is probably a reversal pattern given its fulcrum-like shape and wave patterns which indicate it probably marks the top of the 4th wave of a bearish Elliot wave, from the 1st of February, with 5th wave about to start and end at around the 1.2740 lows. On the 4-hourly chart we have broken down through the trend-line at 1.3090 but has yet no follow-through. A break below 1.3035 where the monthly pivot lies, would give strong bearish confirmation and targeting 1.2965 initially. A less likely bullish scenario would develop after a clean move above the 1.3110 level back above the trend-line followed by a probable rally back up to range highs at 1.3215.<br/><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD07.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD07.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 06 May 2013tag:jdfn.com,2013-05-06:2203529:BlogPost:565152013-05-06T18:18:28.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Long-Term P&F Target</span></p>
<p>A long-term target of 1.4100 has been fixed on the 50 pip box point & figure chart as illustrated below. This is quite a reliable chart for trading longer-term based on results from the last 12 years. Now to activate the target and trigger a trading opportunity the exchange rate would have to move up to 1.3250 in the current column. This would also…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Long-Term P&F Target</span></p>
<p>A long-term target of 1.4100 has been fixed on the 50 pip box point & figure chart as illustrated below. This is quite a reliable chart for trading longer-term based on results from the last 12 years. Now to activate the target and trigger a trading opportunity the exchange rate would have to move up to 1.3250 in the current column. This would also trigger a triple top continuation pattern, a further bullish sign. The stop would be placed at the 1.2700 level. The trend is up based on the 45 degree trend-line which remains intact despite recent price action which came back to find support and then bounced at the April lows.</p>
<p><a target="_blank" href="https://lh4.googleusercontent.com/-uwcSivXz8tA/UYd4h55-5II/AAAAAAAAERI/KOktAQY92ak/w841-h456/P%2526F+for+May.bmp"><img class="align-full" src="https://lh4.googleusercontent.com/-uwcSivXz8tA/UYd4h55-5II/AAAAAAAAERI/KOktAQY92ak/w841-h456/P%2526F+for+May.bmp?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Possible Triangle Forming</span></p>
<p>The USD/JPY pair has formed a possible right-angled triangle on the daily chart. This indicates there will probably be an upside breakout, which will reach the triangle's target at 103.65. The weekly and monthly pivot clustered together at 100.70, however, could provide tough resistance to more upside, and a more cautious strategy could be to wait until that level had been breached. The bearish scenario, although less likely, would see price break down and confirm a breakdown by moving below the 97.00 lows, triggering a sell-off down to 92.90.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY06.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY06.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 03 May 2013tag:jdfn.com,2013-05-03:2203529:BlogPost:562052013-05-03T19:50:05.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Correcting Down-move</span></p>
<p>The current rally in the aussie which began on the 2nd of May is probably a correction which will run out of steam, most probably at 1.0345 where the 50-day MA and a down-sloping trend-line intersect. After that we could see the next leg lower take shape, falling down to 1.0195 initially but ultimately to the wider consolidation lows at 1.0150. Alternatively,…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Correcting Down-move</span></p>
<p>The current rally in the aussie which began on the 2nd of May is probably a correction which will run out of steam, most probably at 1.0345 where the 50-day MA and a down-sloping trend-line intersect. After that we could see the next leg lower take shape, falling down to 1.0195 initially but ultimately to the wider consolidation lows at 1.0150. Alternatively, a break above 1.0385 could be bullish and lead to double bottom triggering and a swift short-covering rally up to the upper border of the larger multi-month triangle at 1.0477.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD03.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/AUDUSD03.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Consolidating in Up-trend</span></p>
<p>Cable is consolidating in a range at the level of the 100-day MA and the weekly pivot. Overall the short-term up-trend remains intact, however, and will probably result in a break even higher eventually, with a decisive breakout above the range highs at 1.5605 leading to a probable move up to the monthly pivot situated at 1.5725. For a bearish reversal, I'd want to see a strong move below the 1.5495 range lows, leading down to a clustering of support at the 1.5360 level.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD03.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/GBPUSD03.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bounce Underway</span></p>
<p>The EUR/USD pair has drifted higher overnight after falling to support at the 1.3050 level where a major trend-line is situated. It will now probably continue bouncing higher today, reaching back up to the 1.3160 resistance level. Alternatively, for a more bearish scenario to evolve, the pair would have to break down below the 1.3063 lows and the trend-line, targeting support from the 200-day MA at the 1.2955 level.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD03.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD03.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 02 May 2013tag:jdfn.com,2013-05-02:2203529:BlogPost:562032013-05-02T19:10:19.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bearish signs, ECB on tap</span></p>
<p>Eurodollar has stalled in its up-trend and formed a bearish shooting-star candle on the daily chart. On the hourly chart there is a head and shoulders pattern with a neckline at 1.3145. If the pair breaks below the neckline it will probably move down towards the trend-line at 1.3085. Alternatively it is possible the up-trend could resume again, with a…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bearish signs, ECB on tap</span></p>
<p>Eurodollar has stalled in its up-trend and formed a bearish shooting-star candle on the daily chart. On the hourly chart there is a head and shoulders pattern with a neckline at 1.3145. If the pair breaks below the neckline it will probably move down towards the trend-line at 1.3085. Alternatively it is possible the up-trend could resume again, with a break above 1.3200 seeing the start of a recovery to the upside, although for more confirmation it would have to move above 1.3225, then targeting 1.3325. Today's ECB rate meeting could cause short-term volatility and dictate the future direction of the trend.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD02.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/EURUSD02.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Consolidating in a Triangle</span></p>
<p>The USD/JPY pair has stopped falling and is currently consolidating in a triangle on the intra-day charts. It will probably eventually break down out of the triangle and continue lower. The only problem is the monthly pivot and support and resistance grouped at 96.66, which could resist further downside, however a decisive break below that level would probably lead to 95.80-90s reached near the neckline of the possible double top. A break of the neckline could then in turn lead to a further possible move lower into the territory of the 92s. Alternatively given the broader up-trend a break above 97.55 could give a potential upside target of 98.30.<br/><br/></p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY02.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/05-13/USDJPY02.png?width=640" width="640"/></a></p>
<p><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether <a href="http://thai.forex4you.com/" target="_blank">currency trading</a> is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 30 April 2013tag:jdfn.com,2013-04-30:2203529:BlogPost:562922013-04-30T17:40:14.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Rising within a consolidation</span></p>
<p>Overall the EUR/USD pair is trading in a chaotic range in between 1.3180 and 1.2980. Within that sideways band, however, it seems to currently have an upside bias. A break above the 1.3120 highs would be key in confirming a continuation higher, with an upside target at 1.3160 where the 100-day MA is situated. Today has been a down day so far,…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Rising within a consolidation</span></p>
<p>Overall the EUR/USD pair is trading in a chaotic range in between 1.3180 and 1.2980. Within that sideways band, however, it seems to currently have an upside bias. A break above the 1.3120 highs would be key in confirming a continuation higher, with an upside target at 1.3160 where the 100-day MA is situated. Today has been a down day so far, however, and it is possible that there could be more downside temporarily, although it would probably be limited by support at the 1.3025 lows, from where a bounce might be expected to occur.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD30.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD30.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Trend-line reached</span></p>
<p>The USD/JPY has reached an important trend-line and has broken lower temporarily, although a decisive break on higher-time-frames has not yet happened. The trend-line will probably hold and if we get a close back above 97.85 then it could signal rebound to 98.80. Alternatively, if we get a daily close below 97.85 then price will probably go down to a target of 95.70, and probably then lower. The 95.70 level could be the neckline of a double top pattern, which in turn could lead to larger loses and a deeper move down to the 92s.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY30.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY30.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 26 April 2013tag:jdfn.com,2013-04-26:2203529:BlogPost:562882013-04-26T11:47:15.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bearish Short-Term Bias</span></p>
<p>The EUR/USD pair is trading sideways after recovered from a possible H&S top. This morning prices have risen within the range and re-touched the 50-day MA from where they will probably pull-back. The overall short-term trend remains bearish and a decisive break below the trend-line at 1.2995 would probably lead to a move down to 1.2890. To get bullish…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bearish Short-Term Bias</span></p>
<p>The EUR/USD pair is trading sideways after recovered from a possible H&S top. This morning prices have risen within the range and re-touched the 50-day MA from where they will probably pull-back. The overall short-term trend remains bearish and a decisive break below the trend-line at 1.2995 would probably lead to a move down to 1.2890. To get bullish again I'd want to see a breach of the 1.3115 level although the 100-day MA at 1.3165 stands in the way of much upside after the break.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD26.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD26.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Short-Term Recovery Possible</span></p>
<p>The USD/JPY has fallen to a minor trend-line and formed a hammer candlestick on the 4-hour chart, a Demark buy indicates a recovery rally is probable, to just below 100. The overall up-trend may be capped by the R3 monthly pivot at 100.78 which is unlikely to be breached during April. A move below the trend-line at 98.25 would signal a break and a probable move down to 97.65. If we reach the 95.79 lows then we may have a double top pattern. A break below the 95.79 neckline could then open up a move down to 92.50. This April rally could be an Elliot 5th wave of the whole move from September 2012, with the potential for a correction on the horizon.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY26.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY26.png?width=640" width="640"/></a></p>
<p></p>
<p><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 25 April 2013tag:jdfn.com,2013-04-25:2203529:BlogPost:562862013-04-25T19:14:11.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Pull-Back From Resistance</span></p>
<p>The aussie's rebound hit combined resistance at 1.0345 and started to fall again. It is possible it could be resuming its down-trend. A decisive break below the key 1.0295 lows at the base of the rising channel which it has been moving in would be required in order to signal a continuation lower, with the 1.0250 level then in sight and possibly the…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Pull-Back From Resistance</span></p>
<p>The aussie's rebound hit combined resistance at 1.0345 and started to fall again. It is possible it could be resuming its down-trend. A decisive break below the key 1.0295 lows at the base of the rising channel which it has been moving in would be required in order to signal a continuation lower, with the 1.0250 level then in sight and possibly the 1.0220 lows thereafter. Alternatively if it finds support at the current 1.0295 level at the base of the channel it could rebound higher. The current move down is steep and strong, favouring a break but a rebound is also a possibility because the short-term up-trend is established, and would see the pair move up to retest the 50-day at 1.0345 again.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD25b.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD25b.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Surprise Rebound</span></p>
<p>The break of the H&S neckline yesterday failed to to follow-through to the downside. Instead the pair printed a strong bullish hammer on the hourly chart before beginning to rise. This led to a rally to above the trend-line connecting head and right-shoulder indicating the H&S had failed. Today the pair has been correcting back down again, however, and it will probably go lower. There is support at 1.3015 from the trend-line, and break of that and the 1.3010 lows would signal a probable continuation lower to the 1.2960 range lows. Alternatively, a recovery and extension higher is also possible, with a decisive break above 1.3060 highs signalling a move up to the 1.3130 highs.</p>
<p><a target="_blank" href="http://www.forex4you.com/images/site/analysis/04-13/EURUSD24.png"><img class="align-full" src="http://www.forex4you.com/images/site/analysis/04-13/EURUSD24.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Spike Higher</span></p>
<p>The GBP/USD pair has surged up on stronger-than-expected data this morning. It is rising within a channel and it will probably continue higher until it reaches resistance from the upper channel line at around 1.5530. It may even continue up to the 50-day MA eventually after the break of the major down-trend-line yielded an upside target of 1.5700. For downside to gather momentum I'd want to see a rapid retracement of the spike and break below 1.5350, with a target at the lower channel line at around 1.5250.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD25.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD25.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 23 April 2013tag:jdfn.com,2013-04-23:2203529:BlogPost:563992013-04-23T18:12:56.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Continuing Towards Range Lows</span></p>
<p>The aussie is falling in the short-term and it will probably continue weakening until it reaches the weekly and monthly pivots at 1.0185 and then the recent lows at 1.0115. Longer-term, price action is oscillating within a large box range between highs of 1.0595 and lows of roughly 1.0150, at the upper edge of a multi-month triangle. A break below…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Continuing Towards Range Lows</span></p>
<p>The aussie is falling in the short-term and it will probably continue weakening until it reaches the weekly and monthly pivots at 1.0185 and then the recent lows at 1.0115. Longer-term, price action is oscillating within a large box range between highs of 1.0595 and lows of roughly 1.0150, at the upper edge of a multi-month triangle. A break below the 1.0115 level would indicate a strong bearish bias and probable move down to the edge of the triangle at 0.9850. I would want to see a break above the 1.0365 however before getting bullish again and targeting the range highs.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD23.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD23.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Breaking Neckline</span></p>
<p>The pair is trending down again today and we are approaching the neckline at 1.3007 of the sort of head-and-shoulders pattern which has been forming at the highs. A decisive break below 1.3000 would help provide confirmation of a break of the neckline. The initial target down would be to the 200-day MA situated at 1.2922, although eventually price will probably reach the H&S target at 1.2850, which is also at a major up-trend-line. A bullish reversal is looking highly unlikely and would have to break above 1.3075 to gain traction, then targeting 1.3185 to the upside.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD23b.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD23.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Supported By Channel Lows</span></p>
<p>The GBP/USD pair has been rising in a channel for for over a month now and it will probably continue. Recently it weakened and fell back to support from the lower channel line where it could probably recover and begin a new move higher. If this happens it would probably reach the upper channel line at 1.5530. Alternatively, a complete breakdown out of the channel would be signalled by a move below 1.5170, which would give a downside target of 1.4900.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD23b.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD23b.png?width=640" width="640"/></a><br/><span class="font-size-2"><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst</span><br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 18 April 2013tag:jdfn.com,2013-04-18:2203529:BlogPost:562782013-04-18T13:01:35.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Down-Trend Resuming</span></p>
<p>Yesterday's steep sell-off signalled a probable resumption of the down-trend. A break below 1.3001 would now confirm the next leg down with the 200-day MA at 1.2905 providing the next target lower, and then possibly 1.2800 at the level of a key trend-line. Given the current high volatility there is still a possibility of a move higher, although it is less…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Down-Trend Resuming</span></p>
<p>Yesterday's steep sell-off signalled a probable resumption of the down-trend. A break below 1.3001 would now confirm the next leg down with the 200-day MA at 1.2905 providing the next target lower, and then possibly 1.2800 at the level of a key trend-line. Given the current high volatility there is still a possibility of a move higher, although it is less likely, and it would have to spike above the 1.3201 highs to get bulls interested. We might then be looking at the possible development of a broadening formation, making upside targeting unreliable.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD18.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD18.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Up-Trend Intact</span></p>
<p>Despite recent weakness the longer-term trend higher remains intact. Shorter-term there has been a bounce off support at 96.72 and the trend-line nearby. The pair is now slowly climbing back up towards the key 100 level. Given many analysts have been saying 100 yen is a probable target for the rally it will probably encounter further selling pressure and it remains an important upside target. The strength of the bounce has been rather weak and if the trend-line at 97.80 is breached I see the possibility of more weakness again, with a possible move down to 96.70, however, support there is strong.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY18.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY18.png?width=640" width="640"/></a><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 17 April 2013tag:jdfn.com,2013-04-17:2203529:BlogPost:563822013-04-17T18:55:18.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Change of Trend</span></p>
<p>The aussie's break below the previous swing low at 1.0348 was key in establishing a reversal from bull to bear trend. The sell-off continues to the 50-day MA where the pair is currently consolidating . It will probably continue lower and retest the 1.0290 lows and then perhaps consolidate further before the next leg down. There is a possibility of move all the way…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Change of Trend</span></p>
<p>The aussie's break below the previous swing low at 1.0348 was key in establishing a reversal from bull to bear trend. The sell-off continues to the 50-day MA where the pair is currently consolidating . It will probably continue lower and retest the 1.0290 lows and then perhaps consolidate further before the next leg down. There is a possibility of move all the way to the 1.0115 lows again eventually too.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD17.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD17.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Possible Top Forming</span></p>
<p>Cable's recovery has stalled and it has fallen into a support zone between 1.5240-1.5260. It is still too early to say whether this is the start of a bigger fall but the short-term looks bearish and we may be at the neckline of a possible head and shoulders top. Nevertheless the pair will probably consolidate at the present support level or even maybe bounce a little. A breach below 1.5230 would be needed to confirm a continuation down, perhaps to 1.5155 where support from a trend-line kicks-in. A bullish recovery from here looks unlikely, but upside would probably reach the resistance zone in the 1.5350s.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD17.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD17.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Spike Higher Fading</span></p>
<p>Despite yesterday's spike higher the pair is currently experiencing some weakness. It will probably correct back to support from the top of the range and the 100-day MA at 1.3140. For a stronger bearish move I would want to see a decisive breach of the consolidation lows at 1.3020, to then target 1.2830. A continuation higher, on the other hand would be confirmed by a break above the 1.3201 spike highs first, with the next target at 1.3280 at the level of the monthly pivot.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD17.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD17.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 16 April 2013tag:jdfn.com,2013-04-16:2203529:BlogPost:563792013-04-16T18:19:29.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Consolidating - Drifting Lower</span></p>
<p>Eurodollar continues to consolidate and drift lower. It has rebounded back up from the range lows today and now faces resistance from the 50-day MA at 1.3095. It is possible the pair could be forming a bullish flag which could trigger a rally after breaking above the 50-day and range highs at 1.3125, leading to a move up to 1.3445. It is also…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Consolidating - Drifting Lower</span></p>
<p>Eurodollar continues to consolidate and drift lower. It has rebounded back up from the range lows today and now faces resistance from the 50-day MA at 1.3095. It is possible the pair could be forming a bullish flag which could trigger a rally after breaking above the 50-day and range highs at 1.3125, leading to a move up to 1.3445. It is also possible the consolidation is a topping pattern at the end of an Elliot wave 4, and a decisive break below 1.3020 could lead to a fall down (in a wave 5) to 1.2945, and then 1.2745.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD16.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD16.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Rebounding</span></p>
<p>The USD/JPY has sold-off to support from a support-and-resistance level and the trend-line in the lower 96s. From here it has bounced back up to a consolidation zone and the level of the weekly pivot at 97.75. There's no sign of weakness in the rebound yet and it will probably continue higher to 98.15, or possibly even 98.75 cluster of pivots. A break below 97.48 would probably signal a breakout of the channel and lead to a move down to 97.00 initially and then possibly even the 96.60 support level.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY16.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY16.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst - <a href="http://www.forex4you.co.id/belajar-forex/" target="_blank">Belajar Forex</a><br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 15 April 2013tag:jdfn.com,2013-04-15:2203529:BlogPost:563762013-04-15T18:39:13.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Meeting The 200-Day MA</span></p>
<p>The aussie rallied up strongly to the monthly pivot at 1.0565 and met tough resistance at that level. From there it has sold off heavily today, moving back inside the multi-month triangle. So strong is the sell-off today that the pair has fallen to the level of the 200-day MA at 1.0390. This is likely to offer substantial support and we may see some sort of…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Meeting The 200-Day MA</span></p>
<p>The aussie rallied up strongly to the monthly pivot at 1.0565 and met tough resistance at that level. From there it has sold off heavily today, moving back inside the multi-month triangle. So strong is the sell-off today that the pair has fallen to the level of the 200-day MA at 1.0390. This is likely to offer substantial support and we may see some sort of bounce although currently momentum appears to be to the downside. There is substantial support below with the 50-day MA and another monthly pivot at 1.0340. The pair would have to break decisively below these to signal more downside: then targeting the 1.0115 lows.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD15.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD15.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Consolidating - Downside Potential</span></p>
<p>Eurodollar is falling within a range-bound consolidation with a ceiling at the 1.3130 highs and bottom at the monthly pivot at 1.3045. Currently it is moving down towards the pivot and it will probably reach it. The 50-day MA at 1.3100 may also provide resistance to further upside. Overall I see the most probable outcome an eventual break lower. This would be a sort of Elliot 5th wave of the move down from the 1.37 highs, targeting the 1.2745 lows. A break below 1.3030-25 would give confirmation.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD15.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD15.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Technical Update</span></p>
<p>Cable is selling-off and will probably continue until it meets the 50-day MA at 1.5250. If it breaches that then major support lies at 1.5225, and a break below that could signal another wave lower, possible a final Elliot 5th down, of the wave which began falling at 1.63. This would be expected to re-touch the 1.4830 lows at the very least. Alternatively given we have not yet fulfilled the target for the trend-line break a recovery is possible, with a move above the 1.5365 confirming and targeting 1.5525.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD15.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD15.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: Joaquin Monfort, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 12 April 2013tag:jdfn.com,2013-04-12:2203529:BlogPost:561782013-04-12T18:54:17.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Falling Within Range</span></p>
<p>The EUR/USD pair has reached the 50-day MA and is consolidating. It is currently falling down within its range and will probably continue a little lower until it reaches support from the monthly pivot at 1.3035. It may bounce from this area or continue lower, although a decisive break below 1.3035 would be required to signal more downside, with the next…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Falling Within Range</span></p>
<p>The EUR/USD pair has reached the 50-day MA and is consolidating. It is currently falling down within its range and will probably continue a little lower until it reaches support from the monthly pivot at 1.3035. It may bounce from this area or continue lower, although a decisive break below 1.3035 would be required to signal more downside, with the next target down lying at 1.2950. Alternatively it could bounce from the pivot and rise back up within the range to the highs at 1.3120.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD12.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD12.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Consolidating Under 100 Level</span></p>
<p>The USD/JPY pair has started to weaken today after hitting a new high of 99.94 yesterday. This was close to the key 100.00 level which is considered a major level by analysts. It has been rolling over steadily today but has just met support from the monthly pivot at 98.75 which is also close to some old lows and it will probably bounce from here, back up into the range and possible up to the recent highs. Although less likely, a move below 98.60 would signal a downside breakout to the next level lower at 97.20.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY12.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY12.png?width=640" width="640"/></a><span style="font-family: arial,helvetica,sans-serif;"><strong>Analysis By</strong></span>: Joaquin Monfort, <strong><span style="font-family: arial,helvetica,sans-serif;">Forex<span style="color: #339966;">4you</span></span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 10 April 2013tag:jdfn.com,2013-04-10:2203529:BlogPost:561752013-04-10T18:33:42.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Up-Trend Continues</span></p>
<p>Eurodollar has broken above the monthly pivot at 1.3045 and risen up sharply. It is close to resistance from the 50-day MA in the 1.3130s. If it breaks above the 50-day then it may rise even further to a possible target at 1.3245. Currently there are no signs the short-term up-trend may be about to end. Several targets at the current level have been hit but…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Up-Trend Continues</span></p>
<p>Eurodollar has broken above the monthly pivot at 1.3045 and risen up sharply. It is close to resistance from the 50-day MA in the 1.3130s. If it breaks above the 50-day then it may rise even further to a possible target at 1.3245. Currently there are no signs the short-term up-trend may be about to end. Several targets at the current level have been hit but price-action is still bullish. It would require a break below the pivot at 1.3045 to make a bearish case, with a sell-off down to around 1.2980 possible thereafter.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD10.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD10.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Rallying Higher</span></p>
<p>The gap up after the weekend remains open and the pair continues to rally. The 100.00 target is now easily within reach and it is probable that it will reach it, as well as the next target higher at the monthly pivot situated at 100.78. Alternatively, a move below the 98.50 would signal a possible gap-fill down to 97.80. The up-trend remains strong, however, and will probably resume thereafter.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY10.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY10.png?width=640" width="640"/></a><span style="font-family: arial,helvetica,sans-serif;"><strong>Analysis By</strong></span>: Joaquin Monfort, <strong><span style="font-family: arial,helvetica,sans-serif;">Forex<span style="color: #339966;">4you</span></span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 09 April 2013tag:jdfn.com,2013-04-09:2203529:BlogPost:562652013-04-09T18:36:15.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Poised for Bullish Breakout</span></p>
<p>The double top on the aussie failed to reach its downside target and instead there has been a strong recovery to the recent highs at 1.0495. There may be a broadening formation pattern unfolding on the 4-hour chart with upside potential. A decisive break above 1.0500 could see a move up to 1.0650 although the monthly pivot at 1.0565 is also likely to…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">AUD/USD: Poised for Bullish Breakout</span></p>
<p>The double top on the aussie failed to reach its downside target and instead there has been a strong recovery to the recent highs at 1.0495. There may be a broadening formation pattern unfolding on the 4-hour chart with upside potential. A decisive break above 1.0500 could see a move up to 1.0650 although the monthly pivot at 1.0565 is also likely to offer strong resistance. A move above the 1.0600 level could signal a breakout from the larger multi-month triangle pattern and generate a very bullish target at the 1.10 all-time-highs or probably even the 61.8% extension at 1.1600. Alternatively if the current highs hold we could see a move back down within the pattern to 1.0350.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD09.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD09.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Expanding Triangle / Formation</span></p>
<p>The GBP/USD pair continues to climb. It has broken out of an expanding triangle, signalling a probable move higher, to an eventual target at 1.5470, however, the monthly pivot as well as the 50-day MA at the current highs are capping gains, and this could make further upside more difficult. We would have to see a break above 1.5365 ideally for bullish confirmation, and it is possibly the pair may simply continue sideways for a while. Support at 1.5235 is preventing more downside, but a break below that could see a resumption of the down-trend to the 1.5115 level.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD09.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD09.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Monthly Pivot Resisting</span></p>
<p>The EUR/USD pair has moved out of its range. It is consolidating at its current level where the monthly pivot is providing resistance. A decisive break above the 1.3067 highs would be required for a continuation of the rally higher, with the 50-day at 1.3150 providing the next target up and 1.3220 another eventual possible target. Downside is limited by support at 1.2950-60, which if broken could lead to a move down to the 200-day MA at 1.2880.<br/><br/></p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD09.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD09.png?width=640" width="640"/></a><strong>Analysis By</strong>: <em>Joaquin Monfort</em></p>
<p><strong>Forex<span style="color: #339966;">4you</span></strong> Analyst</p>
<p><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether <a href="http://thai.forex4you.com/" target="_blank">forex trading</a> is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 08 April 2013tag:jdfn.com,2013-04-08:2203529:BlogPost:563692013-04-08T17:08:22.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bullish Reversal</span></p>
<p>The EUR/USD pair has probably reversed its down-trend. It's most recent rally has formed a consolidation after hitting several upside targets. This could be a bull flag since we have also had a breakout from the expanding wedge pattern, and it will probably lead to a break higher and move to the 50-day MA at 1.3145 and finally 1.3220. A thrust above 1.3050 could…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">EUR/USD: Bullish Reversal</span></p>
<p>The EUR/USD pair has probably reversed its down-trend. It's most recent rally has formed a consolidation after hitting several upside targets. This could be a bull flag since we have also had a breakout from the expanding wedge pattern, and it will probably lead to a break higher and move to the 50-day MA at 1.3145 and finally 1.3220. A thrust above 1.3050 could give confirmation. On the downside, the 200-day MA at 1.2880 would have to be breached to open the way for further progress, with 1.2660 providing the next bear target.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD08.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD08.png?width=640" width="640"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif; color: #000000;">USD/JPY: Breakout Higher</span></p>
<p>The USD/JPY pair has risen strongly and broken above the previous highs, reaching a 4-year new all-time high this morning after gaping up over the weekend. The gap is probably of the 'breakaway' variety since it marks a breakout from the consolidation and is a strong sign of a bullish continuation. Currently price action is at the level of a monthly pivot and it may pull back, perhaps down to the lower level of the gap at 97.80, however, afterwards there is a strong possibility of a resumption up to the next target at 100 and then the support and resistance level at 101.45.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY08.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY08.png?width=640" width="640"/></a></p>
<p><strong>Analysis By</strong>: <em>Joaquin Monfort</em>, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>
<p> </p>Forex4you Technical Analysis 05 April 2013tag:jdfn.com,2013-04-05:2203529:BlogPost:563672013-04-05T18:54:30.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><strong><span class="font-size-3" style="font-family: arial,helvetica,sans-serif;">AUD/USD: Double Top</span></strong><br></br><br></br>After recent weakness led to a tentative break below the neckline of a double top at the 1.0380 level there is a chance we might see a move lower now to the target for the pattern at 1.0270. The picture looks bearish but a move back below the 1.0354 lows would give added downside confirmation. Upside is capped by major resistance form the multi-month triangle border…</p>
<p><strong><span class="font-size-3" style="font-family: arial,helvetica,sans-serif;">AUD/USD: Double Top</span></strong><br/><br/>After recent weakness led to a tentative break below the neckline of a double top at the 1.0380 level there is a chance we might see a move lower now to the target for the pattern at 1.0270. The picture looks bearish but a move back below the 1.0354 lows would give added downside confirmation. Upside is capped by major resistance form the multi-month triangle border at 1.0465 as well as the former highs and other support and resistance levels. A move above 1.0430 would be needed for bulls to take any interest at all, and even then follow-through remains limited, and a strong bullish breach of 1.0500 would be required to even consider the possibility of a breakout scenario.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD05_2.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/AUDUSD05_2.png?width=640" width="640"/></a><br/><span style="color: #000000;"><strong><span class="font-size-3" style="font-family: arial,helvetica,sans-serif;">EUR/USD: Resistance Level Breached</span></strong></span><br/><br/>Eurodollar tore higher following the ECB rate meeting. It broke above the 200-day MA and the monthly pivot which had been capping activity at the 1.2880-90 level. It has now stalled and is drifting lower and will probably find support at 1.2880-90 again before probably resuming its up-trend. Another leg higher could reach 1.3050 eventually, with the monthly pivot nearby adding further weight to the target. Alternatively a decisive break below 1.2800 would be required to initiate a resumption of the broader down-trend.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD05.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD05.png?width=640" width="640"/></a><br/><strong><span class="font-size-3" style="font-family: arial,helvetica,sans-serif; color: #000000;">GBP/USD: Hitting Key Resistance</span></strong><br/><br/>The GBP/USD pair has rallied up to major resistance at the 1.5250 level. A decisive break above the this level – or slightly above in the 1.5260s - would constitute a strong bullish sign and lead to a probable move higher, first to 1.5360 and then 1.5410. There is a bullish bias in the short-term and to get stronger bearish confirmation price-action would have to break below the key 1.5100 level, with a move from there down to 1.4930 then possible.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD05.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/GBPUSD05.png?width=640" width="640"/></a></p>
<p><strong>Analysis By</strong>: <em>Joaquin Monfort</em>, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst</p>
<p><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 04 April 2013tag:jdfn.com,2013-04-04:2203529:BlogPost:561632013-04-04T13:55:13.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">EUR/USD: Consolidating Before Key News</span></p>
<p>Eurodollar is trading in a narrow range before the ECB rate-meeting later this morning. A bearish flag pattern may have formed with the potential for a break lower reaching a downside target initially at support at 1.2660 and then possibly eventually 1.2505. Upside is less likely and is capped by the 200-day MA and the monthly pivot in the 1.2880-90 area, and a…</p>
<p><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">EUR/USD: Consolidating Before Key News</span></p>
<p>Eurodollar is trading in a narrow range before the ECB rate-meeting later this morning. A bearish flag pattern may have formed with the potential for a break lower reaching a downside target initially at support at 1.2660 and then possibly eventually 1.2505. Upside is less likely and is capped by the 200-day MA and the monthly pivot in the 1.2880-90 area, and a decisive break above 1.2915 required to confirm a reversal in the short-term trend and a potential upside target of 1.3030.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD04.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/EURUSD04.png?width=600" width="600"/></a><br/><span class="font-size-4" style="font-family: arial,helvetica,sans-serif;">USD/JPY: Up-Trend Resumes</span></p>
<p>The USD/JPY pair has rebounded strongly climbing over 300 points in a few hours after the BOJ rate-meeting confirmed more stimulus. The renewal of the up-trend will probably take the pair even to the former 96.70 highs although currently it has stalled at an old trend-line where it may pause to consolidate before moving higher. A decisive move above the prior 96.70 highs would then be required to confirm a breakout, bringing 100 into focus as the next upside target.<br/><br/></p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY04.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/04-13/USDJPY04.png?width=600" width="600"/></a></p>
<p><strong>Analysis By</strong>: <em>Joaquin Monfort</em>,</p>
<p><strong>Forex<span style="color: #339966;">4you</span></strong> Analyst</p>
<p><a href="http://www.forex4you.co.id/belajar-forex/" target="_blank">Belajar Forex</a></p>
<p><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 28 March 2013tag:jdfn.com,2013-03-28:2203529:BlogPost:564342013-03-28T18:27:41.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span style="color: #333399;"><strong><span class="font-size-3">EUR/USD: Continuation Down</span></strong></span></p>
<p>Eurodollar is falling again and has broken down below the 1.2780 level confirming a renewal of the down-trend. This means it is likely to fall to a new downside target at 1.2650 measured from the pennant formed earlier, although 1.2675 provides an nearer target. Alternatively, if there is a rebound then one would expect upside caped by the 200-day MA at 1.2865, with a…</p>
<p><span style="color: #333399;"><strong><span class="font-size-3">EUR/USD: Continuation Down</span></strong></span></p>
<p>Eurodollar is falling again and has broken down below the 1.2780 level confirming a renewal of the down-trend. This means it is likely to fall to a new downside target at 1.2650 measured from the pennant formed earlier, although 1.2675 provides an nearer target. Alternatively, if there is a rebound then one would expect upside caped by the 200-day MA at 1.2865, with a break above that required to confirm a bullish recovery, at first targeting resistance at 1.2925.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/03-13/EURUSD28.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/03-13/EURUSD28.png?width=640" width="640"/></a><br/><strong><span style="color: #333399;" class="font-size-3">USD/JPY: Break of Trend-Line</span></strong></p>
<p>The USD/JPY pair has broken down below the trend-line and key lows at around 94.15 and if we get a daily close beneath this level it could signal a break of a major trend-line and a much deeper correction back down to the 91.00 area lows. Alternatively, for there to be a strong recovery then price would have to move back above the trend-line and breach the recent 94.90 – lets say 95.00 swing highs, with a recovery then anticipated up to 96.65 highs afterwards, but much depends on today's close.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/03-13/USDJPY28.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/03-13/USDJPY28.png?width=640" width="640"/></a><br/><strong>Analysis By</strong>: <em>Joaquin Monfort</em>, <strong>Forex<span style="color: #339966;">4you</span></strong> Analyst<br/><br/>Disclaimer:<br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 26 March 2013tag:jdfn.com,2013-03-26:2203529:BlogPost:563512013-03-26T17:35:29.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span style="color: #333399;"><strong><span class="font-size-3">EUR/USD: Bearish Potential</span></strong></span></p>
<p>Eurodollar has fallen back down making new lows. Importantly it has reached the 200-day MA and is consolidating at that level. We still don't have a decisive break below and would require a move under the monthly pivot at 1.2815 to support the bearish case. Currently it looks like a flag pattern could be forming on the 4hr chart with a downside target at 1.2650. More…</p>
<p><span style="color: #333399;"><strong><span class="font-size-3">EUR/USD: Bearish Potential</span></strong></span></p>
<p>Eurodollar has fallen back down making new lows. Importantly it has reached the 200-day MA and is consolidating at that level. We still don't have a decisive break below and would require a move under the monthly pivot at 1.2815 to support the bearish case. Currently it looks like a flag pattern could be forming on the 4hr chart with a downside target at 1.2650. More upside seems unlikely, however, with a clear break above 1.2900 required, with a target at the support and resistance at 1.2955.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/03-13/EURUSD26.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/03-13/EURUSD26.png?width=600" width="600"/></a><br/><span style="color: #333399;"><strong><span class="font-size-3">USD/JPY: Sandwiched in a Range</span></strong></span></p>
<p>The USD/JPY is consolidating within a tight range after falling and resting on substantial support from a trend-line at 93.70. Above lies a long-term support line at 94.55 which is pushing the pair down so that effectively it is sandwiched now in a tight range between these two levels. The low volatility is no doubt due to traders waiting to see the outcome for the April 4th BOJ meeting, which is the first meeting for the new governor. A decisive break above 94.55 would target 96.00; a break below 94.15 could reach 92.00.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/03-13/USDJPY26.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/03-13/USDJPY26.png?width=600" width="600"/></a></p>
<p><strong>Analysis By</strong>: <em>Joaquin Monfort</em></p>
<p><strong>Forex<span style="color: #008000;">4you</span></strong> Analyst</p>
<p><a href="http://www.forex4you.co.id/" target="_blank">Forex Indonesia</a></p>
<p></p>
<p><strong>Disclaimer:</strong><br/> Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>
<p></p>Forex4you Technical Analysis 22 March 2013tag:jdfn.com,2013-03-22:2203529:BlogPost:564212013-03-22T12:00:00.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><strong><span class="font-size-3" style="color: #000080;">EUR/USD: Consolidating, Downside Bias</span></strong><br></br> <br></br> This pair has moved sideways this morning so far giving no indication of future direction. Currently there is resistance above price at 1.2920 from the 50 and 100-hour MA's and strong support at 1.2815 from weekly and monthly pivots. The pair has drifted out of the down-sloping channel but there is no upside impetus. A break above 1.2995 would signal a move up to 1.3060,…</p>
<p><strong><span style="color: #000080;" class="font-size-3">EUR/USD: Consolidating, Downside Bias</span></strong><br/> <br/> This pair has moved sideways this morning so far giving no indication of future direction. Currently there is resistance above price at 1.2920 from the 50 and 100-hour MA's and strong support at 1.2815 from weekly and monthly pivots. The pair has drifted out of the down-sloping channel but there is no upside impetus. A break above 1.2995 would signal a move up to 1.3060, filling the gap; downside is limited by 1.2815. Overall the picture remains bearish, however, with an unmet target at 1.2600, calculated from the first break of trend-line.</p>
<p></p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/2541421514?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/2541421514?profile=original" width="529"/></a><br/> <span class="font-size-3"><strong><span style="color: #000080;">USD/JPY: Strong Support Reached</span></strong></span><br/> <br/> The trend today is to the downside. The pair has broken below the major support and resistance line at 94.55 and has just bounced from stronger support from a long-term trend-line and the monthly pivot. There is substantial support in lower 94s and a daily close below the trend-line at 94.15 would be required to mark a break of trend, but that would open up a downside target of 92.00. Alternatively a decisive breach of the support-turned-resistance level at 94.55 would be required to mark a trend-change higher targeting 96.20.</p>
<p></p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/2541422353?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/2541422353?profile=original" width="529"/></a></p>
<p><strong>Analysis By</strong>: <em>Joaquin Monfort</em>, <strong>Forex<span style="color: #008000;">4you</span></strong> Analyst.</p>
<p><strong>Disclaimer:</strong><br/> Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 21 March 2013tag:jdfn.com,2013-03-21:2203529:BlogPost:561332013-03-21T13:27:57.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><span style="color: #000080;"><strong>EUR/USD: Sideways Market</strong></span><br></br><br></br>The euro rebounded off its lows during Wednesday's session and found its way above the upper line of the down-sloping channel. This morning, however, it has started to fall once again and has now reached the upper channel line again where it is consolidating temporarily on the support offered. Given the bearish start to the day it is possible there could be a continuation lower, with a break of 1.2865…</p>
<p><span style="color: #000080;"><strong>EUR/USD: Sideways Market</strong></span><br/><br/>The euro rebounded off its lows during Wednesday's session and found its way above the upper line of the down-sloping channel. This morning, however, it has started to fall once again and has now reached the upper channel line again where it is consolidating temporarily on the support offered. Given the bearish start to the day it is possible there could be a continuation lower, with a break of 1.2865 back into the channel, giving bearish confirmation and a possible move down to the monthly pivot at 1.2815. Alternatively, given the overall sideways market profile it could also use current support for a rebound back up to the key 1.2980-90 highs.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/03-13/GBPUSD21.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/03-13/GBPUSD21.png?width=600" width="600"/></a><br/><br/><strong><span style="color: #000080;">GBP/USD: Possible Bullish Reversal</span></strong><br/><br/>The GBP/USD pair has rallied strongly after positive Retail Sales data. It is currently breaking-out of its down-sloping trend-line and also showing an inverted head and shoulders reversal pattern at the lows, a combination which is very bullish. If we get a daily close above 1.5180 then there is strong possibility of a breakout move up to the inverted H&S target at 1.5490 where the 50-day MA is also situated. Alternatively for confirmation of a resumption of the down-trend a move below 1.5025 would be required, which would then target the 1.4831 lows.</p>
<p><a target="_blank" href="http://admin.forex4you.com/images/site/analysis/03-13/EURUSD21.png"><img class="align-full" src="http://admin.forex4you.com/images/site/analysis/03-13/EURUSD21.png?width=600" width="600"/></a></p>
<p><strong>Analysis By</strong>: <em>Joaquin Monfort</em>, <strong>Forex<span style="color: #008000;">4you</span></strong> Analyst.</p>
<p><strong>Disclaimer:</strong><br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>Forex4you Technical Analysis 15 March 2013tag:jdfn.com,2013-03-15:2203529:BlogPost:561132013-03-15T10:38:41.000ZForex4youhttps://jdfn.com/profile/AlbieWatts
<p><strong>GBP/USD: bounce continues</strong></p>
<p>The GBP/USD has bounced strongly from Wednesday's lows. It has continued rallying this morning and it may go even higher eventually, reaching resistance from the monthly pivot and the trend-line at 1.5310. Apart from the strength of the rebound there are no indication's yet of a reversal of the short-term down-trend: there are no price patterns and only a minor trend-line has been broken, therefore, it is still quite probable the down-trend…</p>
<p><strong>GBP/USD: bounce continues</strong></p>
<p>The GBP/USD has bounced strongly from Wednesday's lows. It has continued rallying this morning and it may go even higher eventually, reaching resistance from the monthly pivot and the trend-line at 1.5310. Apart from the strength of the rebound there are no indication's yet of a reversal of the short-term down-trend: there are no price patterns and only a minor trend-line has been broken, therefore, it is still quite probable the down-trend could resume, and if we get a sudden move down to below 1.5050 then this could indicate such a resumption and re-test of the 1.4830 lows.</p>
<p><a href="https://lh4.googleusercontent.com/-ukVW0OO4-qQ/UULpPzK28AI/AAAAAAAADws/X5CxG1KVTMU/s512/GBPUSD15.png" target="_blank"><img src="https://lh4.googleusercontent.com/-ukVW0OO4-qQ/UULpPzK28AI/AAAAAAAADws/X5CxG1KVTMU/s512/GBPUSD15.png" class="align-center"/></a></p>
<p><strong>Analysis by:</strong> Joaquin Monfort<br/> Forex4you analyst</p>
<p><strong>Disclaimer:</strong><br/>Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.</p>