January 2011 Blog Posts (37)

Euro and Pound Weekly Update - Jan.14 close

EURUSD

Last week, price retraced to the 38.2% Fibonacci level and closed at the middle line of the Bollinger Bands. Still in its symmetrical triangle formation, with all moving averages flat, there is a possibility for the price to continue further to the upside and test SMA100 at 50% retracement (1.3590-1.3640) with next targets being the…

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Added by Caroline Carlin on January 17, 2011 at 4:30am — No Comments

Forex4you Technical Analysis 14 January 2011

EUR/USD: Technical Analysis

The rally continues higher. It broke the 4th January highs this morning and rallied up to 1.3450. There is considerable resistance at this level from old highs reached on the 3rd and 14th December, and the 4th and 14th January, completing almost cyclical 2-weekly tops, and also from the bottom of the Ichimoku cloud. It is possible there could be a correction from here but before that there is the chance of a final rally. We look like we are… Continue

Added by Forex4you on January 14, 2011 at 6:59am — No Comments

Forex4you Technical Analysis 13 January 2011

EUR/USD: Technical Analysis

The "bulls" breached resistance at 1.3060/80 and level 1.3150 is about to be tested as the next resistance. Its breakout will indicate a medium-term "bullish" trend, like it has been mentioned in the previous analysis. Indicators say in favor of a breakout and suggest to expect the next stop at level 1.3230/50, considered previously as the key level on the way up. If it's breached, we'll be anticipating a strong "bullish" potential and… Continue

Added by Forex4you on January 13, 2011 at 8:11am — No Comments

James Dicks Forex Alerts are up +520 pips within the last 10 trading days!

What are you waiting for?

Our Forex signals can keep you updated on…

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Added by JDfn Administrator on January 12, 2011 at 5:16pm — No Comments

Forex4you Technical Analysis 12 January 2011

EUR/USD: Technical Analysis

The price breached the sideway correction range 1.2980/90 and it currently resides at level 1.3030/40. Indicators are turning upwards, suggesting to expect further growth. Although there is a strong resistance on the "bullish" way - level 1.3060/80, that is strong enough to stop growth and bring the price back to a down trend. Nevertheless, if the barrier is breached, level 1.3150 will be tested - if it's breached too, we'll be expecting a… Continue

Added by Forex4you on January 12, 2011 at 7:54am — No Comments

Forex4you Technical Analysis 11 January 2011

EUR/USD: Technical Analysis

The EUR/USD pair bottomed and bounced back up to highs of 1.2990 yesterday but has started falling again this morning, after encountering resistance from an old trend-line from the November highs. The MACD is showing that yesterday’s correction could be an Elliot wave 4 of the wave down from the 4th January highs – with the wave 5th still to come. This wave could target 1.2850 initially, and then support at the 1.2750 level from the monthly… Continue

Added by Forex4you on January 11, 2011 at 7:12am — No Comments

Forex4you Technical Analysis 10 January 2011

EUR/USD: Technical Analysis

EUR/USD is still falling and whilst there is some convergence with momentum at the lows, it is a little too early to say a substantial correction is on the horizon. If a correction does rise up from here, then an initial target would be the old trend-line and support and resistance level in the vicinity of 1.2950, or if higher then near the 200 Day MA at 1.3050. There will probably still be a fall afterwards, however, given the move down… Continue

Added by Forex4you on January 10, 2011 at 7:06am — No Comments

Weekly Update: Euro, Pound, Swiss Franc and Yen Pairs

Weekly and Daily Close: January 7, 2011

EURO AND POUND

EUR/USD

…

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Added by Caroline Carlin on January 9, 2011 at 2:00pm — No Comments

CAD, Aussie, Gold: January 2011 Overview - Weekly update

CANADA, AUSTRALIA AND GOLD

TABLE OF SUPPORTS AND RESISTANCES

at market close - December 31, 2010…

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Added by Caroline Carlin on January 8, 2011 at 10:30pm — No Comments

Forex4you Technical Analysis 07 January 2011

EUR/USD: Technical Analysis

This pair has started a strong move down, breaking down below the November 30 lows at 1.2968 this morning. The new low is a key technical achievement and a very bearish sign. Currently the exchange rate is consolidating in a range at just above that level but it will probably go down further once the consolidation is complete. 1.3020 would be an initial target for the end of the rebound, although if it is particularly strong then the monthly… Continue

Added by Forex4you on January 7, 2011 at 8:20am — No Comments

Yen Pairs - January 2011 Overview

YEN PAIRS TABLE OF SUPPORTS AND RESISTANCES

at market close - December 31, 2010

USD/JPY

MONTHLY…

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Added by Caroline Carlin on January 7, 2011 at 2:32am — No Comments

Forex4you Technical Analysis 06 January 2011

EUR/USD: Technical Analysis

There is a strong possibility of the bounce from here. The exchange rate has reached trend-line support at the lows and there is every chance it may start to rally from here. From an Elliot wave perspective we still appear to be in wave 3 down with perhaps the beginnings of a wave 4. An initial target for the rally might be 1.3170 with a distinct possibility of a follow through to support and resistance at 1.3250 thereafter.…

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Added by Forex4you on January 6, 2011 at 7:13am — No Comments

Forex4you Technical Analysis 05 January 2011

EUR/USD: Technical Analysis

This pair rolled over from its highs in the 1.3430s yesterday and then fell to lows in the 1.3230s. It has probably reached a level now where it may begin correcting the decline and the move down looks complete. There is the potential for a counter-trend push back up to the 1.3320s before any further downside. The support and resistance levels and trend-line in the 1.3150 area could well provide a bearish target if there is a move down after… Continue

Added by Forex4you on January 5, 2011 at 7:00am — No Comments

Swiss Franc - January 2011 Overview

SWISS FRANC TABLE OF SUPPORTS AND RESISTANCES

at market close - December 31, 2010…

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Added by Caroline Carlin on January 4, 2011 at 2:49pm — No Comments

Forex4you Technical Analysis 04 January 2011

EUR/USD: Technical Analysis

The current rally from the December 29 lows appears quite complete although the final wave which started yesterday would normally be expected to be longer. An old trend-line from the October highs appears to be preventing its progress however. It is quite possible the exchange rate will still rally a little bit higher to old resistance highs and the 50-day MA at around 1.3445 – possibly even higher. Alternatively a correction from here… Continue

Added by Forex4you on January 4, 2011 at 7:11am — No Comments

Euro and Pound - January 2011 Overview

EURO AND POUND TABLE OF SUPPORTS AND RESISTANCES

at market close - December 31, 2010

…

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Added by Caroline Carlin on January 3, 2011 at 7:18pm — No Comments

Forex4you Technical Analysis 03 January 2011

EUR/USD: Technical Analysis

The exchange rate has temporarily halted its rise and pulled-back from the highs reached at the end of last week. This correction is probably either an Elliot intermediate B wave before a C leg higher or a 4th wave – but either way the decline is likely to stop soon and begin rising again. It could match the recent high or go slightly further to the 50 day MA at just above 1.3450. A stronger rally might be expected to reach the underside of… Continue

Added by Forex4you on January 3, 2011 at 7:17am — No Comments