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March 2011 Blog Posts (51)

Signal Trader.com - EUR/USD Daily Outlook, Mar 31, 2011

Technical Overview: 

As we predicted, yesterday provided a great long opportunity on EUR/USD. Our levels to enter long positions were accurate and provided us with more than 100 pips for each position. The trend remains bullish. We are clearing part of the position at the current level of 1.4185, as it is very close to our first target of 1.42-1421. The stop loss for the remaining positions was moved up to…
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Added by Igal Stophner on March 31, 2011 at 11:43am — No Comments

Forex4you Technical Analysis 31 March 2011

EUR/USD: Technical Analysis



The points made in yesterday’s analysis have not changed except that the exchange rate has now started to break above its consolidation pattern, although the upside targets of 1.4280 and 1.4385 remain. There is a possibility of a small pullback first, however, probably to 1.4145, as the 1.4190 target on the 3 x 0.0005 chart has now been met.…



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Added by Forex4you on March 31, 2011 at 8:31am — No Comments

CAD, Aussie and Gold Weekly Update - March 25/30 close

USDCAD

The Loonie had a bearish week after the strong rejection from level 0.9976 and reached the expected consolidation area at 0.9750/30, correcting back for a retest of the daily SMA34 level on Friday. It has since continued its move to the downside and is presently almost reaching previous early March lows, trading at 0.9695. If the support…

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Added by Caroline Carlin on March 31, 2011 at 7:18am — No Comments

Yen Pairs Weekly Update - March 25/30 close

USDJPY

The Dollar-Yen performed a tighter consolidation than expected, ending on a weekly inside bar which closed at the broken lower line of the triangle at 81.50, and with a push to the daily middle line of the Bollinger bands on Friday after a series of small dojis throughout the week. This week has seen a strong surge towards the daily…

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Added by Caroline Carlin on March 31, 2011 at 5:25am — No Comments

Swiss Franc Weekly Update - March 25/30 close

EURCHF

As we had expected, the Euro-Swiss Franc kept rising and ended at about the same level as the previous week open (1.2950/60) reaching the weekly middle line of the Bollinger bands and closing on Friday above the confluence of the daily SMA34 and SMA100. It has since continued on its bullish move and attained our target at 1.3030…

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Added by Caroline Carlin on March 31, 2011 at 4:53am — No Comments

Euro and Pound Weekly Update - March 25/29 close

EURUSD

As expected in our previous forecast, the Euro-Dollar went upside to the 138.2% extension three pips short of the target at 1.4250 earlier last week, bouncing then from the resistance to reach 1.4050 and mostly ranging between 1.4230 and 1.4050/60 for the rest of the week. For the last three days this range has tightened and a retest of…

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Added by Caroline Carlin on March 30, 2011 at 4:07pm — No Comments

SignalTrader.com - EUR/USD Daily Outlook, Mar 30, 2011

Technical Overview:

Yesterday, the bullish momentum was blocked at 1.415. The pair was hovering around 1.41 and eventually dropped 50 pips to find support at the lower band of the channel.

From the technical aspect – we see a good long opportunity at these price levels.

First, the lower band of the channel succeeded in blocking latest downward moves.

The pair found its immediate support on it at the end of the Asian session…
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Added by Igal Stophner on March 30, 2011 at 9:14am — No Comments

Forex4you Technical Analysis 30 March 2011

EUR/USD: Technical Analysis



The longer term point and figure chart remains bullish and is still in an uptrend with an target of 1.4550. On the smaller charts the exchange rate is currently going sideways in a consolidation but if there is a break higher then the 3 x 0.0015 chart yields an upside target of 1.4385. The line of resistance at 1.4280 could also provide an even closer target.…



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Added by Forex4you on March 30, 2011 at 8:08am — No Comments

SignalTrader.com - EUR/USD Daily Outlook, Mar 29, 2011

Technical Overview:

As we predicted yesterday, the downward momentum was blocked at the lower band of the channel and EUR/USD rebounded more than 100 pips since yesterday's low. We are still in long positions, which were opened yesterday at 1.404-1.405. Stop loss for these positions are at 1.408. Short term bias is Bullish.

Looking at the Daily chart – the stochastic oscillator indicates that the upward trend has just started to…
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Added by Igal Stophner on March 29, 2011 at 9:15am — No Comments

Forex4you Technical Analysis 29 March 2011

EUR/USD: Technical Analysis



The price failed to hold below 1.4060/50 level, so it recommenced growth and now resides at 1.4130/40 level. This may be deemed as further consolidation within 1.4250-1.4060/50 range with a possible long-term down trend (red) line test around levels 1.4300/1.4290. However, indicators don't say in favor of future growth, so ascension to 1.4300 level is a very small possibility, and the price will most likely return to a decline from 1.4220/50… Continue

Added by Forex4you on March 29, 2011 at 8:07am — No Comments

Forex4you Technical Analysis 28 March 2011

EUR/USD: Technical Analysis



The EUR/USD pair has fallen to just above an important trendline reaching back to the January lows. It will probably fall a little further to meet the trendline currently situated at roughly 1.3980 which also coincides with a monthly pivot line. From there, there is a good possibility of a bounce, and the level of the monthly pivot at 1.4131 could supply a possible target.…



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Added by Forex4you on March 28, 2011 at 8:03am — No Comments

SignalTrader.com - EUR/USD Daily Outlook, Mar 28, 2011

Technical Overview:

During the Asian session, EUR/USD touched the lower band of the upward channel and bounced back toward 1.4075.

Although the short term downward momentum is still alive, we are very cautious with taking short positions.

The lower band of the channel, as well as the 1.403-1.404 support area, are inviting us to take a short term long positions, with a tight stop. However, we will wait for a pull back before…
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Added by Igal Stophner on March 28, 2011 at 7:40am — No Comments

Forex4you Technical Analysis 25 March 2011

EUR/USD: Technical Analysis



The trend reversed yesterday and began rising. It will probably continue up as the 0.0015 box chart’s uptrend is intact and is still showing an upside target of 1.4385. However, the smaller 0.0005 box chart affords a more achievable target of 1.4265. It is quite possible that the exchange rate will continue to rise to that level.…



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Added by Forex4you on March 25, 2011 at 8:04am — No Comments

Signal Trader - EUR/USD Daily Outlook, Mar 24, 2011

Technical Overview:

As we predicted yesterday, the downward momentum continued and accelerated. EUR/USD rebound attempts were blocked exactly at the resistance area we mentioned of 1.4215. Once again, the RSI 70 level blocked the bullish momentum and after hovering around 1.42 the pair lost 150 pips. The pair is very close now to the next support of 1.404-1.405. Therefore, we just took profits at 1.4055 and we are waiting for either…
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Added by Igal Stophner on March 24, 2011 at 8:19am — No Comments

Forex4you Technical Analysis 24 March 2011

EUR/USD: Technical Analysis



Several bearish targets have been met - at 1.4050 and 1.4085 and so it is possible the down move may have reached a conclusion. A consolidation period may begin from here - or a new move up, although it is too early to establish any meaningful upside targets yet and the only count so far yielded 1.4130 which has just been achieved.…



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Added by Forex4you on March 24, 2011 at 8:05am — No Comments

Signal Trader - EUR/USD Daily Outlook, Mar 23, 2011

Technical Overview:

The upward momentum, which accelerated by breaking above 1.42, was blocked at the resistance area of 1.425. The pair consolidated at 1.423-1.424 and finally bounced toward 1.415.

Once again, the 70 level of the daily RSI, which indicates entering overbought levels, was not breakable.

In the last 3 times such occurred, the pair lost 200-300 pips (we marked these occasions on the Daily chart). Thus - a…
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Added by Igal Stophner on March 23, 2011 at 8:30am — No Comments

Forex4you Technical Analysis 23 March 2011

EUR/USD: Technical Analysis



Resistance 1.4250 level hindered growth, so the price now consolidates around level 1.4170/50. Indicators are turning down, suggesting to expect further decline. Yet, current pull back should be considered a correction within the up trend. Sideways movement in the range 1.4250 – 1.4130 is also quite a possibility, support level for this range may be moved lower, to 1.4060/50 level. A steeper decline will be considered as a signal to the… Continue

Added by Forex4you on March 23, 2011 at 8:02am — No Comments

Signal Trader - EUR/USD Daily Outlook, Mar 22, 2011

Technical Overview: 

Yesterday, EUR/USD broke above the resistance of 1.42. This is a significant Bullish sign and was a signal to enter long positions.

Its short term bias is Bullish. The immediate target is the 14-month high of 1.4281.

A break above 1.428 will be another bullish sign, which will make the target for the pair at 1.45.

However, the area between 1.426 and 1.428 is full with resistances. Therefore – some of the profits should be taken at that…
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Added by Igal Stophner on March 22, 2011 at 8:35am — No Comments

Forex4you Technical Analysis 22 March 2011

EUR/USD: Technical Analysis



The current rally is still in progress. The next target on the 0.0005 chart is 1.4265, followed by 1.4385 on the larger 0.0015 box chart. The exchange rate will probably continue rising therefore, initially reaching the first of these targets before possibly going higher still.





Analysis by: Joaquin Monfort

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Added by Forex4you on March 22, 2011 at 8:06am — No Comments

Signal Trader - EUR/USD Daily Outlook, Mar 21, 2011

Technical Overview:

EUR/USD broke above the significant resistance of 1.404 on Friday.

As we wrote last week, a break above 1.401 is a significant bullish sign, and indeed the pair gained almost 200 pips after breaking it. It was blocked earlier today, during the Asian session, near the 1.42 resistance level.

Its short term bias is Bullish. However, the RSI on the Daily chart is approaching overbought level.

Therefore,…
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Added by Igal Stophner on March 21, 2011 at 8:01am — No Comments

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