All Blog Posts (1,487)
Euro and Pound Weekly Update - Feb. 18/23 close
EURUSD
The Euro-Dollar has been trading inside a symmetrical triangle formation and ended last Friday at the weekly SMA100 level, barely above the middle line of the daily Bollinger Bands, also with a similar formation. I would expect a break to the upside towards the previous daily highs at around 1.3860 as first target, and then a further bullish…
Added by Caroline Carlin on February 23, 2011 at 6:53pm — No Comments
Forex4you Technical Analysis 22 Feb 2011
The EUR/USD has rolled over and swiftly fallen to key support at the trendline from the 14th Feb lows. It may be there will be a correction from this level as it is also the 61.8% Fibonacci retracement of the previous rally. Counting the Elliot waves in the fall we are either still in 3 or perhaps have begun wave 4. This morning there was a bounce which could be a nascent wave 4, with a likely target of 1.3605. However, there is also a… Continue
Added by Forex4you on February 22, 2011 at 7:16am — No Comments
Forex4you echnical Analysis 21Feb 2011
Previous forecast turned out to be correct - the price reached support at level 1.3540/30, then reversed to growth and breached resistance level 1.3630/40. After that the price rose to resistance level 1.3720/20, mentioned in the previous forecasts as the target level. Indicators show the "bullish" trend. which gives more reasons to expect further growth. The next resistance level is very likely stand at level 1.3820/30, close to the… Continue
Added by Forex4you on February 21, 2011 at 7:15am — No Comments
Forex4you Technical Analysis 18 Feb 2011
The exchange rate rose as anticipated and touched the upper channel line of the move up and the trendline down off the February 2nd highs at 1.3625. This was a crucial point of resistance which led to a minor reversal in trend. Currently it is falling quite fast although it may pause before falling further. The trendline of the correction at 1.3500 provides a probable target, whilst a stronger move might even reach the clusters of support at… Continue
Added by Forex4you on February 18, 2011 at 6:56am — No Comments
AUD/USD: Demand is noted at 1.0020. 1.0018 was today's Asian session low.USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).GBP/USD: Buy St…
USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).
GBP/USD: Buy Stops are tipped above 1.6120/25
EUR/JPY: Bracketed On 113-Handle
EUR/JPY offers remain ahead of 114.00. Stops above. Bids from around 113.00. Some stops mixed in sub-112.90.
USD/JPY: Bids Firm From 83.50-Area, Offers Pre-84.00. The word is that some $2 yards or so of offers… Continue
Added by Adam Horak on February 17, 2011 at 11:52am — No Comments
Forex4you Technical Analysis 17 Feb 2011
Resistance at level 1.3540 was finally breached. This level has been recently tested as support, so now we can assume that the price has managed to hold above and further growth can be expected. The closest resistance looks to be at level 1.3640/50, and this assumption seems to be even more correct because the level matches with a short-term downtrend channel line (red lines). It’s breakout would mean a reversal to the uptrend. Indicators… Continue
Added by Forex4you on February 17, 2011 at 7:12am — No Comments
CAD, Aussie and Gold Weekly Update - Feb. 11/16 close
USDCAD
The Loonie gained and gave back almost all gains on a very volatile week, ending with a long-wicked hammer on weekly charts, and a 100-pip bearish candle on the daily charts. This pair seems to be still consolidating despite its struggle to pierce through parity, and is hovering mostly between 0.9830 and 0.9990. The last three days have been…
Added by Caroline Carlin on February 16, 2011 at 10:27pm — No Comments
Yen Pairs Weekly Update - Feb. 11/16 close
USDJPY
Last week this pair broke above the upper trend line of the weekly descending channel inscribed in a falling wedge, nearly reaching the SMA34 at the end of the week. Daily charts formed an apparent double top yet to be confirmed at that point. On the last two days, the Dollar-Yen broke over Friday highs at 83.68 coming near psychological level…
Added by Caroline Carlin on February 16, 2011 at 8:57pm — No Comments
Swiss Franc Weekly Update - Feb. 11/15 close
EURCHF
This pair ended last week at the top trend line of the weekly descending channel and SMA34, this level also being at the 61.8% retracement from the previous swing low. On the daily charts it almost reached the 127% Fibonacci extension ending 70 pips above the SMA100. The expected move was a bounce back down and continuation of the…
ContinueAdded by Caroline Carlin on February 16, 2011 at 4:55pm — No Comments
Euro and Pound Weekly Update - Feb. 11/15 close
EURUSD
This week seems to be poised for a continuation to the downside for the Euro-Dollar, with a confirmed pin bar on the weekly charts and Friday’s close below the daily SMA100. We have been seeing a consolidation between 1.3550 and 1.3420 since Monday and I would favor a further push down to the 61.8% daily Fibonacci retracement on…
ContinueAdded by Caroline Carlin on February 16, 2011 at 9:00am — No Comments
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For most people with a full-time job it’s difficult to…
Added by JDfn Administrator on February 15, 2011 at 10:24am — No Comments
Forex4you Technical Analysis 15 Feb 2011
The "bears" breached support range 1.3540 – 1.3500, but they were held back by another key support at level 1.3450/60 -1.3400. Having reached level 1.3420/30, the price returned to growth and it's currently making attempts to rise up to 1.3540/30. Indicators are changing their readings, which gives reasons to reconsider our expectations of further decline. Fixation above 1.3540 may indicate a possible reversal to growth. The final sign for… Continue
Added by Forex4you on February 15, 2011 at 7:17am — No Comments
Forex4you Technical Analysis 14 Feb 2011
The euro is looking very bearish now and has fallen through a key level - the previous trough low at 1.3507. This means the rising sequence of peaks and troughs from the January 10 lows has given way to a series of lower peaks and troughs. The exchange rate is currently hovering on the neckline of the head & shoulders (H&S) pattern on the 4-hourly chart and a breach of that would be an even stronger bearish signal with a long term… Continue
Added by Forex4you on February 14, 2011 at 7:46am — No Comments
Forex4you Technical Analysis 11 Feb 2011
The price breached the corrected trend line (blue) and is now about to test the key support range within 1.3540 – 1.3500. Indicators prefer a down trend, which gives reasons to anticipate a successful breakout of the above mentioned range. If the price falls and holds below level 1.3500, it will indicate a change of sentiment in the market. The final signal for reversal is support range 1.3450/60 -1.3400 breakout. At the same time, support… Continue
Added by Forex4you on February 11, 2011 at 7:37am — No Comments
Forex4you Technical Analysis 10 Feb 2011
The price rose above level 1.3700, but it failed to hold there, so it retraced downwards and it currently resides at level 1.3630/20. Indicators are chenging their direction, and now they are more turned down. However, until the trend line (blue) of the upper channel is breached, the "bullish" trend has to be considered as dominating and reversal to growth in the near future is seen as the most possible scenario. If so, growth to 1.3900/10… Continue
Added by Forex4you on February 10, 2011 at 7:19am — No Comments
CAD, Aussie and Gold Weekly Update - Feb. 04/08 close
USDCAD
Last week was bearish for the Loonie, following a daily pin bar at the beginning of the period. The pair consolidated for the last three days of the previous week and has started a move back up reaching above the 50% Fibonacci retracement and presently trading between 0.9930/50 level, respectively the middle line of the daily Bollinger bands…
Added by Caroline Carlin on February 9, 2011 at 10:27am — No Comments
Forex4you Technical Analysis 09 Feb 2011
The corrective rally which began on the 7th Feb is slowing down. After touching the 1.3680 highs and the 50% Fibonacci retracement of the preceding move the rate has fallen and is now going sideways. It will probably fall further and if it passes below the previous trough low at 1.3611 that will be a strong bearish signal as the rising sequence of peaks and troughs will have been broken and replaced by a falling sequence instead.… Continue
Added by Forex4you on February 9, 2011 at 8:21am — No Comments
Yen Pairs Weekly Update - Feb. 04/08 close
USDJPY
The Dollar-Yen has been trading and following along the upper trend line of the weekly descending channel and middle line of Bollinger Bands since early January, and only today has started to pierce to the upside but barely trading above. On the daily charts, we have a double bottom which can be a signal for a good bullish correction, however…
Added by Caroline Carlin on February 9, 2011 at 6:29am — No Comments
Swiss Franc Weekly Update - Feb. 04/08 close
EURCHF
This pair is still trading inside a descending weekly channel and performing a bullish correction which should reach the upper line of the channel and SMA34 at 1.3280/1.3300 as a first step (61.8% weekly Fibonacci retracement on previous swing low and 127/138.2% extension on previous daily swing high). Should the channel break to the upside,…
Added by Caroline Carlin on February 9, 2011 at 5:38am — No Comments
Euro and Pound Weekly Update - Feb. 04 close
EURUSD
Last week the Euro-Dollar ended on a bearish pin bar yet to be confirmed, with price at the SMA100 level and still inside the symmetrical triangle formation. On daily charts, price reached the lower trend line of a rising wedge, ending just above SMA100 in confluence with the middle line of the Bollinger Bands and near the 38.2%…
ContinueAdded by Caroline Carlin on February 8, 2011 at 2:03pm — No Comments
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