Igal Stophner's Blog – April 2011 Archive (12)
SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 28, 2011
EUR/USD set a fresh 5-month high earlier today after the historical press conference of the FOMC yesterday.
From the fundamental point of view we think that the weakness of the USD is about to end. From the technical point of view we can see that the pair is way overbought.
On the Daily chart, the pair successfully reached the top band of the upward channel at 1.4883 before retreating 40 pips to its…
Added by Igal Stophner on April 28, 2011 at 8:22am — No Comments
SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 26, 2011
After setting a new 4-month high on last Thursday, EUR/USD price is moving between 1.45 and 1.46.
The medium term technical outlook is bullish. The short term technical picture is mixed.
On the Daily chart, the pair successfully returned into the upward channel and the moving averages are still arranged in a bullish structure.
On the Hourly chart the pair is hovering around the blue band,…
Added by Igal Stophner on April 26, 2011 at 6:44am — No Comments
SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 20, 2011
In the last 2 days, EUR/USD tumbled more than 300 pips just to recover more than half of the loss, gaining more than 200 from the bottom. This technical behavior may signal one of the two: either the bearish short term momentum was a clear first sign of a medium term trend reversal or it was a psychological selloff, providing a good opportunity to go long. Should it is real – then the current rebound of the pair is…
Added by Igal Stophner on April 20, 2011 at 4:56am — No Comments
SignalTrader.com - EUR/USD Daily Technical Outlook, Apr 18, 2011
EUR/USD started the week with a massive selloff, pushing its price toward the significant support at 1.435, which held the bearish momentum for now. On the daily chart - the pair continues to move between the bands of the upward channel. The bulls came, once again, at the lower band of the channel, pushing the pair price a bit up toward 1.438.
The RSI indicator is no longer at overbought levels.
On the…
Added by Igal Stophner on April 18, 2011 at 6:42am — No Comments
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
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
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
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
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
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
Latest Blog Posts
- SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 28, 2011
- SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 26, 2011
- SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 20, 2011
- SignalTrader.com - EUR/USD Daily Technical Outlook, Apr 18, 2011
- SignalTrader.com - EUR/USD Daily Technical Outlook, Apr 14, 2011
- SignalTrader.com - EUR/USD Daily Outlook, Apr 13, 2011
- SignalTrader.com - EUR/USD Daily Outlook, Apr 12, 2011
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