July 2011 Blog Posts (24)

Most everyone today uses the Internet on a daily basis to the benefit of their personal lives as well as their businesses; but is “Big Brother” watching?  If some powerful figures in control of major Internet sites have their way in the future it is certainly a possibility. 

The Internet has never been totally anonymous based on the IP address read by the sites you visit.  But the ways in which you send emails to friends and associates or conduct business (online banking, bill pay,…

EUR/USD: technical analysis

Earlier forecasts, anticipating further decline, confirmed and the trades fell to 1.4260/50 support level, which the price is now trying to breach. If level 1.4260/50, mentioned previously as the key level on the way down, is breached, we’ll be expecting a change of sentiment in the market. Indicators are turned down, which gives even more reasons to expect the bearish attempts to turn out successful -  next target in this case is seen at…

AUD/USD: technical analysis

The price not only reached the pair's maximum at 1.1000 level, but even went beyond it. Trading is currently carried out at level 1.1060/70. Indicators are turned up, suggesting further growth. The next barrier for the price would be level 1.1100. However, taking into account psycological factor and pressure, connected with the fact that price has already reached new levels, growth may stop any time. Reversal to 1.1000 support will indicate a…

EUR/USD: Technical Analysis

The EUR/USD is still consolidating at a strong resistance point where it is pressing up against the upper boundary line of the triangle pattern visible on the daily chart. Until it can break out of the triangle, however, the bullish case lacks confirmation. There is no serious weakness yet, however, there has just been a bounce off the lower channel line drawn from the rally starting on the18th , on the 30min chart, which, will…

USDCAD

We have a double bottom both on the weekly and daily charts. Last week the price bounced back up from the lower line of the daily descending channel after testing May lows. I would expect a 50% retracement on weekly near 0.9660/70 which coincides with the middle line of the Bollinger bands, and as a second step a retest of the highs around…

USDJPY

The Dollar-Yen maintained its bearish tone last week, reaching the bottom line of a falling wedge and making a new low. In my opinion, there is still momentum to push further down to a 138.2% Fibonacci extension on the previous swing low, or even attempt to retest the level of the last spike down near round number 76.00 and the 161.8%…

EURCHF

This was a bullish week for the Euro-Swissie, which bounced from the bottom line of the descending channel and ending on a strong rejection of round number 1.1900. We have a falling wedge forming and I would expect a further…

EURUSD

Still on a rising trend, last week the Euro-Dollar confirmed the previous week's pin bar, bouncing from the confluence of the three moving averages (34, 100 and 200) at a 50% fibonacci retracement from the swing high. I would be aiming…

EUR/USD: Technical Analysis

Earlier forecasts, suggesting to consider the bullish trend as dominating in the market and predicting further growth, confirmed. The price reached target at level 1.4370/80, held above and it’s currently testing the next resistance at 1.4450/40. Indicators are turned up, which gives even more reasons to anticipate ascension towards the next target, which, according to the previous analysis will most likely reside at level 1.4560/50.…

EUR/USD: Technical Analysis

Earlier forecasts, suggesting to consider the bullish trend as dominating in the market and predicting further growth, confirmed. The price reached target at level 1.4370/80, held above and it’s currently testing the next resistance at 1.4450/40. Indicators are turned up, which gives even more reasons to anticipate ascension towards the next target, which, according to the previous analysis will most likely reside at level 1.4560/50.…

Tough times are here and tougher times may be coming.  If you find yourself without a job during the current economic downturn, you must become as confident as you feel comfortable with (and maybe more than that) if you are ever going to gain the attention of a possible future employer. 

Look, just going to job fairs and sending your resume out over Internet probably isn’t going to be enough.  You may have already discovered that hasn’t worked for you.  So, what’s next?

I have…

EUR/USD: Technical Analysis

The price reached 1.4260 level and even made an attempts to breach it, but this resistance proved to be strong, so it failed and the price now resides at 1.4240/30 level. Indicators suggest growth, which gives enough reasons to expect another attempt to breach 1.4260 level, and, if it happens, further uptrend and growth towards 1.4370/80 and maybe even to 1.4560/50 levels. On the other hand, even though the bearish potential has…

EUR/USD: Technical Analysis

The pair ascended up to 1.4200/10 resistance level, mentioned in the previous analysis, which turned out to be strong enough to initiate a stop and a sideways movement with 1.4120 support level as a lower border. At the moment the bulls are about to test level 1.4200/10. Indicators suggest further growth, giving reasons to expect the above mentioned level to be successfully breached. If the breakout takes place, the next on the way…

EUR/USD: Technical Analysis

The exchnage rate has leapt higher and if it can break through resistance from the lower borderline of the triangle then it could signal a reversal - however it is too early to say yet whether that will happen. The next target higher would be at 1.4300 where there is a cluster of moving averages, however a resumption of the bearish trend would be expected to find support at the old lows: firstly 1.4015 and then 1.3840.…

EUR/USD: Technical Analysis

The euro-dollar pair has bounced off the lower boundary of a recent channel and it will probably rise to the upper channel line at the 1.4100 level, or resistance at 1.4125. There is a Demark buy setup on the 4-hour chart supporting this short-term bullish perspective. The bearish point and figure charts however indicate a probable resumption of the down-trend eventually, targeting 1.3950 to the downside.…

EUR/USD: Technical Analysis

 

The exchange rate has consolidated ahead of an important news announcement later today. It has fallen slightly off the highs and has been trading just below the level of the triangle lower borderline at 1.4150, indicating a bearish start to the day. The overall view is bearish, however, the upsurge on Wednesday which posted a long green candle indicated bullish potential. Nevertheless the gap at 1.4260 has been filled…

EUR/USD: Technical Analysis

The chart of the euro-dollar shows price bouncing from the recent lows at the 200-day MA and the major trendline from July 2010. Yesterday was a hammer and today the pair is continuing to rise, engulfing yesterday's range – a bullish sign if it can hold. The natural place for the rally to end would be the lower border of the triangle at 1.4150, which also happens to be the S1 monthly pivot. Thereafter the down-trend will probably…

EUR/USD: Technical Analysis

The EUR/USD pair has broken out from the triangle on the daily chart and fallen to the 1.38s. Whilst overall I am bearish, price has bounced this morning after hitting formidable support from the 200-day MA and the major trend-line from the June '10 lows. The bounce has already taken it to 1.3960 and it is possible it could go higher, as there is no sign of weakening yet. Targets to the upside include 1.4000 and then 1.4150. Point and…

EUR/USD: Technical Analysis

This pair gapped down this morning, reaching the lower border of the triangle at 1.4150. There is strong support at the current level indicating the possibility of a bounce if the move reverses. I would expect a rebound to hit resistance at 1.4190 or possibly fill the gap at 1.4250. Currently, however, there is no sign of the down-trend slowing down and if it continues, the support at 1.3950 might slow progress. A strong breakout from…

EUR/USD: Technical Analysis

Wave E continues to progress lower. It has found support at 1.4305 which is the 61.8% fibonacci line and the top of the Ichimoku cloud. From here there is the possibility of a bounce, probably to 1.4350. The down-trend will probably resume eventually, however, with 1.4150 as a probable target.…