All Blog Posts (1,487)

Forex4you Technical Analysis 19/10/10

EUR/USD: Technical Analysis

Assumptions that the “bears» would reach support level 1.3780/50 didn’t realize, because level 1.3830 didn’t let the pair pass further. As a result of an upward pullback the trading went to level 1.4000 and has recently descended a bit to 1.3930/40. Indicators’ readings are rather unclear, but seems like they are more likely to show further downward movement. The bearish attempt to fix below the breached uptrend… Continue

Added by Forex4you on October 19, 2010 at 8:06am — No Comments

GBPCHF - Monthly long-term Overview

Given the overall weakness of swiss franc related pairs, we can expect here too from GBPCHF to follow the bearish path until its ultimate consequences, here the pair has some more room than EURCHF on monthly charts and we have several levels to watch closely, each lying at previous channel lines in confluence with Fibonacci retracements. First would be 1.4350/60, a 138.2 extension from last highs of mid-2009 to support area at 1.7600 on weekly charts; then we do not have any obstacles in the… Continue

Added by Caroline Carlin on October 19, 2010 at 6:12am — No Comments

EURCHF - Monthly long-term Overview

Monthly charts show us a steady fall going steeper and steeper, with lows very near of the lower downtrend line, and an impulsive correction almost reaching a 61.8% Fibonacci retracement. October has seen it trading in a very tight range by now, but the narrower trend level hasn’t been breached yet. On weekly time frame, we can appreciate it weaving a series of bearish flags around the line resistance, which if broken would lead us to next level near 1.4350 which is the previous upper line of… Continue

Added by Caroline Carlin on October 19, 2010 at 5:16am — No Comments

Forex4you Technical Analysis 18/10/10

EUR/USD: Technical Analysis

The assumptions of the last comment, that resistance level 1.4150/60 is be a decisive factor in the present situation confirm. The “bulls” didn’t manage to breach this barrier, so the price fell and the trading is carried on at levels 1.3840/30. Indicators are changing their readings and showing further descent. The price is likely to reach target levels 1.3780/50 very soon. If the present level is breached, these… Continue

Added by Forex4you on October 18, 2010 at 8:02am — No Comments

GBPUSD - Monthly long-term Overview

The British Pound vs. Dollar is presently trading inside a rising wedge on weekly charts, which itself inscribes inside a falling wedge and bearish flag pattern on monthly time frame. On a long-term appreciation, a 138.2 Fibonacci extension from the up-swing that started in the middle of May could be the target, inside a resistance area of 1.7040, and matching the highs of November 2009 at 1.6875. However in Daily charts we seem to have reached a double top with a strong rejection from… Continue

Added by Caroline Carlin on October 18, 2010 at 2:26am — No Comments

EURUSD - Monthly long-term Overview

Euro-Dollar is slowly falling inside a descending channel on monthly charts. There is a resistance area below the upper trend line between 1.4195 and 1.4270, which if broken to the upside would lead to next area of resistance between 1.4310 and 1.4360. A pull-back to the 50% Fibonacci retracement would bring us down to around 1.3370 which would retest the break of the previous weekly up-swing. On this time-frame, we are however inside an ascending channel which could easily lead us to the upper… Continue

Added by Caroline Carlin on October 18, 2010 at 1:30am — No Comments

Focus Your Dreams to Make Them Come Alive

Here is one of my favorite mental exercises. Pretend that, for once in your life, you had unlimited money and unlimited time. Don’t necessarily go crazy with your thoughts, but work to eliminate those initial barriers of time and money. What will you be interested in after you buy all of those lavish things you always thought you wanted? What’s beyond the bigger car, the faster boat, and the fancier house? Whatever they are, those are the really important things.

I can assure you… Continue

Added by James Dicks on October 17, 2010 at 9:07pm — No Comments

Forex4you Technical Analysis 15/10/10

EUR/USD: Technical Analysis

EUR/USD has fallen to support at 1.4080 and from here it should consolidate. After that, the last wave up – if my count is correct – should take us up to the point of trend-line convergence at 1.4145, which also happens to be where leg ‘A’ and leg ‘C’ of the June rise are equal, on log scale. From those highs a major reversal is possible which could take the exchange rate back below 1.4000.…

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Added by Forex4you on October 15, 2010 at 7:43am — No Comments

USDCAD - Monthly long-term Overview

The Loonie has been ranging above parity on monthly charts all throughout this year 2010, showing a persistent consolidation on weekly charts following around the middle line of the monthly pitchfork. On Daily charts it is trading inside a falling wedge which would suggest a probability of pulling back towards 1.0250 for a second retest of the recently broken level.

In the last three days USDCAD went for a while below parity making new lows, and is now trading back up barely at 1.000,… Continue

Added by Caroline Carlin on October 15, 2010 at 4:30am — No Comments

GBPJPY - Monthly long-term Overview

The British Pound versus Yen is presenting a pronounced bearish flag on monthly charts, a double-bottom on weekly in a tight descending channel and a bullish flag on daily time frame, where is is trading inside a symmetrical triangle. Price has been ranging on daily time frame for the last two days but the pair still looks very bearish and has been following a steady descent inside the weekly channel. The pair might push up to the 50% Fibonacci retracement which coincides with the upper trend… Continue

Added by Caroline Carlin on October 15, 2010 at 3:30am — No Comments

EURJPY - Monthly long-term Overview

The Euro-Yen presents a Falling wedge on monthly charts after breaking the lower ascending trend line, with a rebound from the new lows to retest the break.On weekly charts this pair is still navigating inside the descending channel, pointing towards the upper line, while on daily as of today the rising wedge showing on the chart below has been broken, retesting 113.00 level and later on was rejected back up where it has been ranging over the last two days.

This pair still looks… Continue

Added by Caroline Carlin on October 15, 2010 at 3:00am — No Comments

Forex4you Technical Analysis 14/10/10

EUR/USD: Technical Analysis

The corrective zig-zag up from the day before yesterday's lows seems to be near to completion, with two legs which are roughly the same length and the second leg an almost complete Elliot wave fractal. There is still probably a small wave 4 and 5 to play out in that second leg so price could go a little higher but given price has also just touched the bottom of the trend-line up from the early September lows it is… Continue

Added by Forex4you on October 14, 2010 at 8:05am — No Comments

ForexPros Daily News October 14, 2010

ForexPros Daily News October 14, 2010

Greenback Tumbles as Dollar Selling Intensifies

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Forex - USD/JPY… Continue

Added by forexpros on October 14, 2010 at 6:12am — No Comments

USDJPY - Monthly long-term Overview

USDJPY has kept running down to the lower trend line after breaking level 138.2 of extension on the monthly charts.The pin bar showing on daily time frame three days ago is presently failed as price broke below the lows and is approaching the lower base of the descending channel, and is it very probable that it will try to reach 161.8 Fibonacci extension on weekly.

Should that level be broken we could expect a greater fall to the base of the pitchfork weekly channel , however a… Continue

Added by Caroline Carlin on October 14, 2010 at 4:30am — No Comments

Forex4you Technical Analysis 13/10/10

EUR/USD: Technical Analysis

The rally yesterday from the 1.37 lows - surprising perhaps in its ferocity - took the exchange rate back up to the 1.3990s just under the old highs in the 1.40s, where the R1 monthly pivot is situated. There is an indication that this move now is quite mature and may correct a little. It is also being resisted by the under side of the old trend-line up for the whole September rally. If the rate falls, it should meet… Continue

Added by Forex4you on October 13, 2010 at 7:23am — No Comments

ForexPros Daily News October 13, 2010

ForexPros Daily News October 13, 2010

Forex - USD/JPY edges higher as Fed signals move towards easing

Forex Pros – The U.S. dollar edged higher against the yen on Wednesday, after minutes of the most recent meeting of Federal Reserve policy makers indicated that many believe fresh economic stimulus measures could become necessary.

USD/JPY hit 82.00 during European morning… Continue

Added by forexpros on October 13, 2010 at 6:37am — No Comments

ForexPros Daily News October 12, 2010

ForexPros Daily News October 12, 2010

Forex - USD/JPY resumes slide as Japan poised for intervention

Forex Pros – The U.S.… Continue

Added by forexpros on October 12, 2010 at 8:56am — No Comments

AUDUSD - Monthly long-term Overview

After breaking psychological level 0.9900 last week, Australian Dollar turned back into the channel for a fair retracement to retest 0.9790 former broken resistance, now holding as support, a little further than what we were expecting on last NFP Friday. Profits were to be made on both sides as it went back to the highs with much strength, and ended on a doji on the last 4 hour candle.

This week started with a gap up but steam…

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Added by Caroline Carlin on October 11, 2010 at 7:30am — No Comments

ForexPros Daily News October 11, 2010

ForexPros Daily News October 11, 2010

Forex - Euro retreats from 1.40 as dollar firms up

Forex Pros – The euro was down against the U.S. dollar on Monday, retreating from a daily high, as the dollar stabilized despite expectations of further monetary easing by the Federal Reserve.…

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Added by forexpros on October 11, 2010 at 6:58am — No Comments

Monthly General Overview for 11 currency pairs - SUMMARY - October 2010

Prices at last Friday's close (October 8, 2010)

The following tables show the support and resistance levels for 11 currency pairs along with the risk-to-reward ratio calculations issued by Forex AI trading platform and a forecast of the trend direction on three long-term and medium term time frames with…

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Added by Caroline Carlin on October 10, 2010 at 4:04pm — No Comments