All Blog Posts (1,487)

EURCHF

The Euro-Swiss Franc reached our expected target and went below 1.2420 at the 161.8% daily extension, matching January and March lows. The level was broken and retested on Monday, and we are heading further down to our previous continuation targets of 1.2200 and 1.2100 (127% weekly extension and 138.2% extension at the bottom of the…

EURUSD

The Euro-Dollar made a new low last week barely 20 pips below and turned back to the bullish side almost recovering all the fall of the previous week and nearly reaching the 38.2% retracement on the weekly swing low. The daily extension level at 138.2% held the price which went back to around 1.4325, testing the broken level for a…

EUR/USD: Technical Analysis

Previous growth was halted by a strong resistance around 1.4120/30 levels, so the trading pulled back downwards. The price now resides at 1.4070/80. Indicators are still turned up, but only in R% and MACD, SS looks neutral.  Therefore, we should probably expect further correction, thought "bearish" trend is now dominating. When correcting, the price is also likely to test 1.4200/20 resistance level - downtrend channel (red) line. At…

EUR/USD: Technical Analysis

 

The pair bounced off support as anticipated and although it has been rising it is now close to resistance from trendlines sloping down and may pull back to support at 1.4025. From there, there is the possibility of another rally with 1.4140s as a possible end target given that both the 0.001x3 and the 0.0005x3 charts are showing upside targets to that level.…

EUR/USD: Technical Analysis

Previous forecasts, predicting that 1.4340/50 resistance level would be a significant barrier for the price, came true. Having reached 1.4345 level, the price reversed downwards, so it's currently testing a new local minimum at 1.4000/10 level, mentioned as one of the target levels in the later analyses. Indicators are also turned down, suggesting further decline. However, 1.4000 level is deemed as a significant support level, which…

USDCAD

The Loonie went below the expected bearish target and broke below the 61.8% Fibonacci retracement on the daily charts, while ending on a long-wicked spinning top on the weekly. The price recovered and bounced again to the upside crossing back through the daily SMA34 and making a new high but still rejected by the resistance level at…

USDJPY

The Dollar-Yen climbed again to 81.00 as we had expected, nearly reaching the middle line of the daily Bollinger bands. On weekly charts we can appreciate a very small inside doji candle, and markets were mostly consolidating although in a slightly rising move. Price has broken last week’s resistance level 81.30 as to now, reaching the…

EURCHF

Price barely made a new low but turned back and spent all last week consolidating inside the lower bottom range of the previous weekly bearish candle, and ending on a hammer.

On the daily charts the 138.2% Fibonacci extension level was reached and the pair bounced back from a tweezer bottom on Tuesday, almost reaching the…

EURUSD

The Euro-Dollar kept trading lower as expected last week, breaking below its previous weekly lows and nearly reaching the SMA200 level, while on daily charts we can appreciate an extension of its swing low to the 138.2% Fibonacci level, closing above the round number 1.4100 at the end of the week.

Since Sunday open, there has…

USDCAD

The daily double bottom was confirmed by a triple bottom formation on the weekly charts ending with a huge bullish engulfing candle. Price went well above our conservative targeted level at 0.9600, reaching 0.9710 and closing above the daily SMA34 with a long-legged doji with a 50% retracement on the previous weekly swing low. If this…

USDJPY

As expected last week, the Dollar-Yen fell in extension to the lower weekly Bollinger bands, making a lower low in regard to the previous week and reaching below the round number 80.00 and 138.2% Fibonacci extension down to the area 79.60/65, being rejected thereafter and closing on Friday nearly 60 pips above the psychological level.…

EURCHF

The support for the Euro-Swiss Franc didn’t hold and price went precisely to the extension levels we were projecting (second target at 1.2590 and daily 127% extension on the previous swing low). Price should continue further down  to the weekly extensions on the weekly swing high range and also bottom of the descending channel. However…

EURUSD

The Euro-Dollar started its bearish correction last week as expected, and broke below our first targeted resistance and further crossing the strong support at 1.4530, reaching near round number 1.4300 and at a 30 pips distance of October 2010 highs at 1.4280, while also piercing the daily SMA34, and ending on a long bearish engulfing…

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There are many key forces…

USDCAD

May 2011 Overview

The Loonie broke the falling wedge to further downside after last month’s strong rejection of the upper bearish trend line. This leg could extend to match November 2007 lows at 0.9060/50 on a longer term but I think some correction is due to parity and slightly above, at 0.9920/30 up to 1.0170/1.0200.…

USDJPY

May 2011 Overview

The Dollar-Yen went way below the support area closing near round number 81.00. We have a bearish engulfing candle signaling that there might be more downside for this pair in the next weeks. First target would be the previous lows of the spike down at 76.70/50, and the lower trend line of the descending…