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Forex4you Technical Analysis 23/07/10

EUR/USD: Technical Analysis

The breakout of the trend channel and upward surge yesterday took prices to 1.2930 and this morning the pair has been consolidating in a sideways range before just now breaking out to the upside again in second leg up. Prices will likely carry higher, probably to near the old highs at 1.2980 or even higher to 1.3020.…

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Added by Forex4you on July 23, 2010 at 8:28am — No Comments

Forex4you Technical Analysis 23/07/10

EUR/USD: technical analysis

Prices have rallied up after yesterday’s decline. They are in the process of breaking out of the trend channel drawn down from Tuesday’s highs. They may consolidate shortly before a further rally. The level of resistance at 1.2880 could be a reasonable target for the advance.

GBP/USD: technical…

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Added by Forex4you on July 23, 2010 at 2:05am — No Comments

Forexpros.com Daily Analysis - 22/07/2010

ForexPros Daily Analysis July 22, 2010

Free webinar on ForexPros - Let's do some simple Trend Trading

Expert: Kellie Durazo

When: Tue, August 17, 2010, 10:00a.m. ET

Why spend hours analyzing charts when you can learn a few simple trading strategies that are effective and easy to learn.

During this webinar, Kellie… Continue

Added by forexpros on July 22, 2010 at 8:57am — No Comments

Forex4you Technical Analysis 21/07/10

EUR/USD: Technical Analysis

The higher high and lower close yesterday marked a possible turning point – an outside reversal bar from which the market may begin a new trend down. This morning prices continued falling until they reached support from an old channel line. They will probably break down through this line and run until achieving support from the monthly pivot at around 1.2795.…

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Added by Forex4you on July 21, 2010 at 7:58am — No Comments

Forexpros.com Daily Analysis - 21/07/2010

ForexPros Daily Analysis July 21, 2010

Free webinar on ForexPros - Let's do some simple Trend Trading

Expert: Kellie Durazo

When: Tue, August 17, 2010, 10:00a.m. ET

Why spend hours analyzing charts when you can learn a few simple trading strategies that are effective and easy to learn.

During this webinar, Kellie Durazo will teach you how to… Continue

Added by forexpros on July 21, 2010 at 6:36am — No Comments

Forex4you Technical Analysis 20/07/10

GBP/USD: Technical Analysis

The pound formed a 2-bar reversal pattern top last week and since then prices have fallen. While momentum remains robust it is possible the top represents an exhaustion move. It also occurred near the high of the preceding 4th wave of a lesser degree at 1.5525, which was a rough target for the end of this rally. Initially it is quite possible that prices will fall to the lower edge of the channel for the move up at… Continue

Added by Forex4you on July 20, 2010 at 7:52am — No Comments

Forexpros.com Daily Analysis - 20/07/2010

ForexPros Daily Analysis July 20, 2010

Free webinar on ForexPros - Let's do some simple Trend Trading

Expert: Kellie Durazo

When: Tue, August 17, 2010, 10:00a.m. ET

Why spend hours analyzing charts when you can learn a few simple trading strategies that are effective and easy to learn.

During this webinar, Kellie… Continue

Added by forexpros on July 20, 2010 at 6:55am — No Comments

Forexpros.com Daily Analysis - 19/07/2010

ForexPros Daily Analysis July 19, 2010

Free webinar on ForexPros - Let's do some simple Trend Trading

Expert: Kellie Durazo

When: Tue, August 17, 2010, 10 ET

Why spend hours analyzing charts when you can learn a few simple trading strategies that are effective and easy to learn.

During this webinar, Kellie Durazo will teach you how to follow… Continue

Added by forexpros on July 19, 2010 at 8:01am — No Comments

Forex4you Technical Analysis 16/07/10

EUR/USD: Technical Analysis

The formerly made forecasts were justified with the market events. The fixation above 1.2800 caused the implementation of the scenario of checkup of the range of 1.2900/50, whereas the price reached 1.2950/55 and is currently consolidating within the range of 1.2955-1.2900. The indicators’ mood points to the probable continuation of the upturn, which may warn about the trades’ increase into the range of 1.3000/50 in… Continue

Added by Forex4you on July 16, 2010 at 7:26am — No Comments

Forex4you Technical Analysis 15/07/10

EUR/USD: Technical Analysis

This pair looks like it could be forming a top. The MACD is showing the divergence which accompanies a 5th wave high; there are overlapping waves on the hourly chart and substantial overhead resistance from pivot and channel line. Prices may reach a little higher, perhaps to 1.2790 but after that they should correct to the region of 1.2670.…

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Added by Forex4you on July 15, 2010 at 7:55am — No Comments

Forexpros.com Daily Analysis - 15/07/2010

ForexPros Daily Analysis July 15, 2010

Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) - Part III

Expert: Rajoo C

When: Thu, July 15, 2010, 11 GMT

In this session, Rajoo C will discuss the topics of:

1. Identifying entry, exit & stop loss level

2. How to choose the best cross to… Continue

Added by forexpros on July 15, 2010 at 6:16am — No Comments

Forex4you Technical Analysis 14/07/10

EUR/USD: Technical Analysis

The move up which started yesterday has made new highs. It will probably continue, reaching first 1.2740 and then perhaps 1.2790 where the monthly pivot resides and the upper channel line of the last leg of the move up.

GBP/USD: Technical Analysis

The “Bulls” succeeded in breaching the resistance at 1.5080/60… Continue

Added by Forex4you on July 14, 2010 at 7:25am — No Comments

Forexpros.com Daily Analysis - 14/07/2010

ForexPros Daily Analysis July 14, 2010

Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) - Part III

Expert: Rajoo C

When: Thu, July 15, 2010, 11 GMT

In this session, Rajoo C will discuss the topics of:

1. Identifying entry, exit & stop loss level

2. How to choose the best cross to… Continue

Added by forexpros on July 14, 2010 at 7:10am — No Comments

Forex4you Technical Analysis 13/07/10

EUR/USD: Technical Analysis

This pair has almost breached the powerful support within the formerly mentioned range of 1.2550/30; now it’s attempting to fix below, and the trading is carried at 1.2530/20. If the “Bears” manage to do it, by the way, the confident reversal down of the indicators speaks well for the high probability of this kind, the implementation of the yesterday mentioned scenario will be obvious – i.e., the price will go ahead… Continue

Added by Forex4you on July 13, 2010 at 7:49am — No Comments

Forexpros.com Daily Analysis - 13/07/2010

ForexPros Daily Analysis July 13, 2010

Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) - Part III

Expert: Rajoo C

When: Thu, July 15, 2010, 11 GMT

In this session, Rajoo C will discuss the topics of:

1. Identifying entry, exit & stop loss level

2. How to choose the best cross to… Continue

Added by forexpros on July 13, 2010 at 6:43am — No Comments

Forexpros.com Daily Analysis - 12/07/2010

ForexPros Daily Analysis July 12, 2010

Free webinar on ForexPros - Trading the Harmonic Patterns LIVE

Expert: Chris Hall

When: Mon, July 12, 2010, 08:00 EST

By now you probably know about Fibonacci ratios. When you take the power of fibs, and combine them into patterns, they become “Harmonic”. Unlike other patterns, these… Continue

Added by forexpros on July 12, 2010 at 7:35am — 1 Comment

Forex4you Technical Analysis 12/07/10

EUR/USD: Technical Analysis

As formerly cautioned, the breach of the support at 1.2620/30 opened the way down, and the price is consolidating at 1.2570, which had been formerly mentioned as another support. The indicators evidently reversed down and speak well for the continuation of the sagging down to 1.2510/00, which was also noted before. However, there’s an intermediary, but powerful all the same support within the range of 1.2550/30 on… Continue

Added by Forex4you on July 12, 2010 at 7:09am — No Comments

Forex4you Technical Analysis 09/07/10

EUR/USD Technical Analysis

The price marked the new local maximum of 1.2720/25 and is now returning down, - under the level of 1.2700. The resistance line of the ascending channel (red lines) continues to restrain the “Bull” activity, fixing the closing prices below. However, the indicators remain in the warning of a reversal or a large-scale correction to the growth of the pair. Adjustment of the long-term descending trend line (blue line)… Continue

Added by Forex4you on July 9, 2010 at 7:52am — No Comments

Forex4you Technical Analysis 08/07/10

GBP/USD: Technical Analysis

The yesterday mentioned support at 1.5080/90/70 withheld the trades from sagging down and also caused the consolidation within the range of 1.5200-1.5080. The “Bulls” attempt to get the new local maximums stopped at 1.5240. The trading has came back down up to the point and is currently carried next to 1.5170/80. Both the probability of the indicators’ reversal and the hints on their intents to downgrade suggest taking… Continue

Added by Forex4you on July 8, 2010 at 8:16am — No Comments

Forexpros.com Daily Analysis - 08/07/2010

ForexPros Daily Analysis July 8, 2010

Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) - Part II

Expert: Rajoo C, Precise Trader

When: Thu, July 8, 2010, 11:00 a.m. GMT

In this session, Rajoo C will discuss the topics of:

1. Identifying entry, exit & stop loss level

2. How to choose… Continue

Added by forexpros on July 8, 2010 at 6:46am — No Comments