All Blog Posts (1,487)

EURCHF

Very little action for the Euro-Swiss Franc last week. This pair stayed in a very small range after its previous week’s surge and is lingering barely above the 61.8% retracement from the last swing low. We might attempt to reach 1.2260/70 at the weekly SMA34 level or even to the upper trendline of the descending channel, and I expect from there…

EURUSD

The Euro-Dollar barely made a new low last week, with price well supported at 1.3500 from where it bounced back for a retest of the broken ascending trend line and pierced the 23.6% Fibonacci retracement, ending just above the weekly SMA100. Our bullish views were on point as price went well above our targets reaching above 1.3900. I would…

There is an enormous amount of erroneous stereotypes made up by human beings so they can avoid to take responsibility for the results of their actions.

Neither a series of successful trades in your account, nor a losing spree debacle happen merely "by chance". In trading as well as in life, ups and downs occur in succession, these are unavoidable cycles, and some of them trend a bit before reversing, but the clue to the winning or losing streak is simply your own ability to…

USDCAD

The Loonie rose as expected last week, reaching barely 23 pips below parity, which it finally achieved earlier today. At the present moment the price is a little above Friday’s high but was rejected from the new highs it made at 1.0025. It is too soon to predict here a double top, but we could consider it might have a retrace to…

USDJPY

The Dollar-Yen modestly rose as we had expected, not yet reaching our targets though, but slightly breaking above the previous highs and ending on Friday above the confluence of the daily SMA34 and middle line of the Bollinger bands. There is still some more road to travel on the weekly charts to reach the middle bands, and the pair…

EURCHF

The Euro-CHF reversed to the upside last week, reaching near the SMA34 and closing at the 61.8% weekly Fibonacci retracement level. We have a strong engulfing candle and a fairly high possibility for this pair to start a new trend, however we are still as of today below the weekly SMA34 from which we could bounce back down for a retest of…

EURUSD

The weekly support at SMA34 and 38.2% retracement level failed to hold for the Euro-Dollar and the price broke further down, closing at the 61.8% Fibonacci level. Since the beginning of this week, it has reached below the daily 138.2% extension on the previous swing low, and we could expect a continuation of the bearish move towards…

EUR/USD: Technical Analysis

The euro-dollar could bounce after finding support from an old trend-line from the May highs. Both momentum indicators are over-sold but there are no other major reversal signs yet. A small double-bottom on the 10 minute chart on the S2 daily pivot may start the counter trend rally, with the first upside target at 1.4170 and then if it extends to fill the gap a continuation to the upper channel line of the descent at 1.4205. A deeper…

Weekly Update - September 02 close

USD/CAD

Monthly chart patterns suggest a possible double bottom (2007-2011) and thus a trend reversal could be in the making. We also have another triple bottom if we take account of April, May and July candles. The USD/CAD almost retraced all the way to the lows and is fighting…

Weekly Update - September 02 close

USD/JPY

The Dollar-Yen has been forming a pronounced falling wedge, ending near the bottom line last month. There is still some room to the downside but I would expect a bullish turn soon to break the upper line; there is a second descending channel line (a wider wedge, not…

Weekly Update - September 02 close

EUR/CHF

The Swiss Franc has been exhibiting a continued strength over the last two years and August was again a bearish month for the EUR/CHF after July’s strong rejection from the…

Weekly Update - September 02 close

EUR/USD

Over the last three months, the Euro-Dollar has been closely following the previous descending trend line with subsequent pin bars, after April’s break and May retest of…

EUR/USD: Technical Analysis

The euro-dollar has continued falling. It seems to have slowed at the 1.4220 level and formed a loose double bottom formation. There is marked convergence with momentum at the lows. There are indications of a possible imminent rise in the exchange rate. This might reach the 1.4290 – 1.4300 level. After that the larger trend down could resume, targeting 1.4150 next.…

EUR/USD: Technical Analysis

The price breached  1.4450/60 support line, stopped at 1.4385/90 level – the uptrend (red) line and then retraced upwards.  At the moment it’s testing previously breached support level, this time as a resistance, which gives reasons to consider a possible change of market sentiment towards the bearish. Everything depends on which way the trading will move now – if it fails to ascend above 1.4550/60 level, the bearish chances to make a…

EUR/USD: Technical Analysis

1.4550/60 resistance has halted growth, so the price is currently retracing back downwards. Trading is being carried out at 1.4460/50 support level, mentioned previously as the "signal" for reversal of the bearish sentiment in the market. Indicators are turning down again and if level 1.4450/60 is eventually breached, the "bulls" will have less chances to continue their trend and the price will most likely commence a new downward…

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EUR/USD: technical update 

The EUR/USD pair is descending in a channel from the highs achieved yesterday. It has reached support at 1.4390 where it is currently consolidating. If it falls further it may reach the lower channel line at 1.4335; a recovery rally on the other hand is also quite possible given the larger trend for the week has been up, and this might revisit the 1.4500 highs, in a final Elliot 5th wave higher.



Analysis by: Joaquin Monfort…

EUR/USD: technical update 

The EUR/USD pair is descending in a channel from the highs achieved yesterday. It has reached support at 1.4390 where it is currently consolidating. If it falls further it may reach the lower channel line at 1.4335; a recovery rally on the other hand is also quite possible given the larger trend for the week has been up, and this might revisit the 1.4500 highs, in a final Elliot 5th wave higher.



Analysis by: Joaquin Monfort…