April 2011 Blog Posts (38)
SignalTrader.com - EUR/USD Daily Technical Outlook, Apr 14, 2011
The technical picture of EUR/USD for today is mixed. On the very short term it is still looking bullish but there are more and more signs that suggest a correction toward 1.43-1.435 before deciding whether the rally will continue or not.
On the daily chart - the pair continues to move between the bands of the upward channel. Some major technical indicators are at overbought levels.
Both CCI and Stochastic…
Added by Igal Stophner on April 14, 2011 at 8:18am — No Comments
CAD, Aussie and Gold Monthly Overview - April 2011
Weekly updates: April 08/12 close.
USDCAD
The Loonie continued falling on March though didn’t reach as low as expected (0.9400), making a new low at 0.9526 and closing higher (0.9586) after a 38.2% retracement on the last 4-hour swing low. Earlier this month we have been seeing a recovery and break above this level, making a spike to the 80%…
Added by Caroline Carlin on April 13, 2011 at 1:22pm — No Comments
Forex4you Technical Analysis 13 April 2011
The exchange rate has risen as forecasted but is just shy of the target of 1.4550 on the 3 x 0.05 chart shown below. It will probably rise higher to meet this target before consolidating and perhaps correcting. In addition, the smaller 3 x 0.0005 chart has an upside target at 1.4590, supporting the bullish outlook.…
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Added by Forex4you on April 13, 2011 at 8:07am — No Comments
SignalTrader.com - EUR/USD Daily Outlook, Apr 13, 2011
Our trading idea from yesterday was accurate and provided the ones who followed it with more than 100 pips.
The technical picture for today is mixed. On the daily chart the pair continues to move between the bands of the upward channel. Some technical indicators are at overbought levels.
Yet, on the 30-minute chart we recognize a good opportunity for a significant short term rally.
The middle blue band…
Added by Igal Stophner on April 13, 2011 at 7:14am — No Comments
Yen Pairs Monthly Overview - April 2011
Weekly updates: April 08/11 close.
USDJPY
The Dollar-Yen fell through previous month lows in March as expected, reaching the lower trend line of the descending channel and lower Bollinger band, near our 76.40 target, being then strongly rejected, rising back and closing near the former highs, at around 83.50. After a retracement near…
ContinueAdded by Caroline Carlin on April 12, 2011 at 6:26am — No Comments
SignalTrader.com - EUR/USD Daily Outlook, Apr 12, 2011
EUR/USD technical analysis picture is mixed. After the huge rally of last week, the bulls took a short break and the bears took advantage of it, pushing the pair price down toward 1.44.
Looking at the Daily chart we can see that the pair is still moving between the bands of the upward channel. The RSI indicated yesterday overbought levels and indeed the pair retreated 100 pips from its current rally peak,…
Added by Igal Stophner on April 12, 2011 at 5:50am — No Comments
SignalTrader.com - EUR/USD Daily Outlook, Apr 11, 2011
EUR/USD technical analysis picture is mixed. After a huge rally last week, the pair is hovering around 1.445. Looking at the Daily chart we can see that the pair's price is still moving between the bands of the upward channel. Yet, the RSI indicates overbought levels. Looking at the 30-minute chart, the picture is bullish. The pair rally was blocked at the top red band, and now it is consolidating around the middle…
Added by Igal Stophner on April 11, 2011 at 1:24pm — No Comments
Forex4you Technical Analysis 11 April 2011
he price managed to rise above 1.4450 level, which matches with the previously mentioned uptrend channel resistance (blue) line, and it's now making attempts to hold above this level. Trading consolidates at level 1.4455\65. Indicators are "bullish", suggesting further growth. However, there is a big cluster of significant resistance levels within 1.4400 - 1.4500 range, so there are chances that growth may stop and a large scale pullback… Continue
Added by Forex4you on April 11, 2011 at 8:03am — No Comments
Forex4you Technical Analysis 08 April 2011
The small and large box point and figure charts are bullish whilst the 3 x 0.0015 chart has exceeded its 1.4385 target. The 3 x 0.0005 chart is giving a target of 1.4455 whilst the larger 3 x 0.005 is giving 1.4550. It is likely that the exchange rate will continue rising, therefore, first to the lower target and then eventually to the 1.4550 level.…
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Added by Forex4you on April 8, 2011 at 9:24am — No Comments
SignalTrader.com - EUR/USD Daily Outlook, Apr 7, 2011
EUR/USD rally continued and accelerated yesterday, surpassing our target of 1.431, in which we cleared our long positions. The bears finally succeeded in blocking the rally at 1.435. You can see this battle and victory of the bears clearly on the 30-minute chart (the red band). At the current levels our short term bias is neutral. Ahead of the ECB rate decision, in which the European central bank is expected to…
Added by Igal Stophner on April 7, 2011 at 7:56am — No Comments
Forex4you Technical Analysis 06 April 2011
The market is "bullish" and the price is currently testing new local maximums at 1.4300/10 level. Indicators suggest further up trend as well, although MACD divergence together with R% are warning of a large scale correction, that may commence any time. A pull back can even begin from 1.4350/40 levels, like it has been previously anticipated. Support 1.4060/70 - the up trend channel (blue) line - may be the first target for decline on the… Continue
Added by Forex4you on April 6, 2011 at 8:09am — No Comments
Signal Trader - EUR/USD Daily Outlook, Apr 6, 2011
Yesterday, we marked the area between 1.417 and 1.419 as a good area to enter long positions. There was a massive attempt yesterday by the bears, which was blocked at around 1.415, far enough from our stop loss. The bulls won that battle and the price soared toward 1.428. We are closing half of our long positions at the current level of 1.427. The target for the second half is at around 1.431. Stop loss for the…
Added by Igal Stophner on April 6, 2011 at 7:23am — No Comments
Swiss Franc Monthly Overview - April 2011
Weekly updates: April 01/05 close.
EURCHF
March candle for this pair went back to December 2010/January 2011 lows and retraced again to the upside, reaching one more time the upper trend line of the falling wedge and closing slightly above the 38.2% Fibonacci retracement level on the November/December 2010 swing low. We maintain our…
ContinueAdded by Caroline Carlin on April 6, 2011 at 4:59am — No Comments
Forex4you Technical Analysis 05 April 2011
EUR/USD is going sideways now but it may fall soon as there is a fulcrum top reversal pattern on the 3 x 0.0005 chart with a downside target of 1.4130. Eventually, however, the uptrend will probably resume given the continuing bullish targets of 1.4385 and 1.4550 on the larger box charts.
GBP/USD: Technical… Continue
Added by Forex4you on April 6, 2011 at 2:30am — No Comments
Euro and Pound Monthly Overview - April 2011
Weekly updates: April 01/04 close.
EURUSD
March monthly candle almost reached last November highs for the Euro-Dollar and price is still trading below the bearish trend line. It has since made a new high yesterday at 1.4267 but hasn’t retested yet 1.4280. We seem to be having a double top forming in all three time frames (monthly,…
ContinueAdded by Caroline Carlin on April 5, 2011 at 10:57am — No Comments
SignalTrader.com - EUR/USD Daily Outlook, Apr 5, 2011
After failed in breaking above the resistance of 1.426, EUR/USD is consolidating around 1.4175, its current critical support level. Looking at the daily chart, the lower band of the upward channel, which supported the bullish trend in the past 2 months, is at 1.4165.
In addition, looking at the 30-minute chart, we can clearly see that the pair is hovering around a major support. Its short term resistance is at…
Added by Igal Stophner on April 5, 2011 at 8:41am — No Comments
SignalTrader.com - EUR/USD Daily Outlook, Apr 4, 2011
EUR/USD is starting the trading week on an important price level. On Friday, once again, the bears were defeated by the bulls, which stood at the 1.404-1.406 level and blocked any break down attempt. The trend reversed and the rally was fueled by massive short covering pushing the pair to close near 5-month high.
This morning during the Asian session, the pair tested the next resistance level at 1.426-1.427 and…
Added by Igal Stophner on April 4, 2011 at 7:38am — No Comments
Forex4you Technical Analysis 01 April 2011
The EUR/USD pair has pulled back to 1.4150 but it will probably resume its rally to the current upside target of 1.4280. This corresponds with the major highs achieved in November ’10. A break lower, however could bring into play the downside target of 1.4080 on the 3 x 0.0005 chart, but the overall thrust is still bullish.…
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Added by Forex4you on April 1, 2011 at 9:18am — No Comments
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