Forex4you's Blog – July 2010 Archive (17)
Forex4you Technical Analysis 28/07/10
The basic assumption, that the growth rate would project around 1.5500, came true. As a part of alternative scenario, which provides a more average picture and allows some divergence, it’s also helpful to retrace the breach of current downtrend.
As of the end of July, the pair is trading at the threshold of important resistance 1.5500. In case the price fails to fix at this level, it will create a negative around… Continue
Added by Forex4you on July 28, 2010 at 7:41am — No Comments
Forex4you Technical Analysis 28/07/10
Previous projections that the “bulls” are stronger in the current situation proved to be correct. The price ascended to the earlier mentioned aim at 1.3000/30 and now resides at 1.2998/1.3000. Indicators anticipate growth, but special attention should be given to MACD divergence, which alerts of a possible large scale pullback down. A breakout of a tested range 1.3000/30 will result in the rise to the levels… Continue
Added by Forex4you on July 28, 2010 at 2:21am — No Comments
Forex4you Technical Analysis 23/07/10
The breakout of the trend channel and upward surge yesterday took prices to 1.2930 and this morning the pair has been consolidating in a sideways range before just now breaking out to the upside again in second leg up. Prices will likely carry higher, probably to near the old highs at 1.2980 or even higher to 1.3020.…
Continue
Added by Forex4you on July 23, 2010 at 8:28am — No Comments
Forex4you Technical Analysis 23/07/10
EUR/USD: technical analysis
Prices have rallied up after yesterday’s decline. They are in the process of breaking out of the trend channel drawn down from Tuesday’s highs. They may consolidate shortly before a further rally. The level of resistance at 1.2880 could be a reasonable target for the advance.
GBP/USD: technical…
ContinueAdded by Forex4you on July 23, 2010 at 2:05am — No Comments
Forex4you Technical Analysis 21/07/10
The higher high and lower close yesterday marked a possible turning point – an outside reversal bar from which the market may begin a new trend down. This morning prices continued falling until they reached support from an old channel line. They will probably break down through this line and run until achieving support from the monthly pivot at around 1.2795.…
Added by Forex4you on July 21, 2010 at 7:58am — No Comments
Forex4you Technical Analysis 20/07/10
The pound formed a 2-bar reversal pattern top last week and since then prices have fallen. While momentum remains robust it is possible the top represents an exhaustion move. It also occurred near the high of the preceding 4th wave of a lesser degree at 1.5525, which was a rough target for the end of this rally. Initially it is quite possible that prices will fall to the lower edge of the channel for the move up at… Continue
Added by Forex4you on July 20, 2010 at 7:52am — No Comments
Forex4you Technical Analysis 16/07/10
The formerly made forecasts were justified with the market events. The fixation above 1.2800 caused the implementation of the scenario of checkup of the range of 1.2900/50, whereas the price reached 1.2950/55 and is currently consolidating within the range of 1.2955-1.2900. The indicators’ mood points to the probable continuation of the upturn, which may warn about the trades’ increase into the range of 1.3000/50 in… Continue
Added by Forex4you on July 16, 2010 at 7:26am — No Comments
Forex4you Technical Analysis 15/07/10
This pair looks like it could be forming a top. The MACD is showing the divergence which accompanies a 5th wave high; there are overlapping waves on the hourly chart and substantial overhead resistance from pivot and channel line. Prices may reach a little higher, perhaps to 1.2790 but after that they should correct to the region of 1.2670.…
Continue
Added by Forex4you on July 15, 2010 at 7:55am — No Comments
Forex4you Technical Analysis 14/07/10
The move up which started yesterday has made new highs. It will probably continue, reaching first 1.2740 and then perhaps 1.2790 where the monthly pivot resides and the upper channel line of the last leg of the move up.
GBP/USD: Technical Analysis
The “Bulls” succeeded in breaching the resistance at 1.5080/60… Continue
Added by Forex4you on July 14, 2010 at 7:25am — No Comments
Forex4you Technical Analysis 13/07/10
This pair has almost breached the powerful support within the formerly mentioned range of 1.2550/30; now it’s attempting to fix below, and the trading is carried at 1.2530/20. If the “Bears” manage to do it, by the way, the confident reversal down of the indicators speaks well for the high probability of this kind, the implementation of the yesterday mentioned scenario will be obvious – i.e., the price will go ahead… Continue
Added by Forex4you on July 13, 2010 at 7:49am — No Comments
Forex4you Technical Analysis 12/07/10
As formerly cautioned, the breach of the support at 1.2620/30 opened the way down, and the price is consolidating at 1.2570, which had been formerly mentioned as another support. The indicators evidently reversed down and speak well for the continuation of the sagging down to 1.2510/00, which was also noted before. However, there’s an intermediary, but powerful all the same support within the range of 1.2550/30 on… Continue
Added by Forex4you on July 12, 2010 at 7:09am — No Comments
Forex4you Technical Analysis 09/07/10
The price marked the new local maximum of 1.2720/25 and is now returning down, - under the level of 1.2700. The resistance line of the ascending channel (red lines) continues to restrain the “Bull” activity, fixing the closing prices below. However, the indicators remain in the warning of a reversal or a large-scale correction to the growth of the pair. Adjustment of the long-term descending trend line (blue line)… Continue
Added by Forex4you on July 9, 2010 at 7:52am — No Comments
Forex4you Technical Analysis 08/07/10
The yesterday mentioned support at 1.5080/90/70 withheld the trades from sagging down and also caused the consolidation within the range of 1.5200-1.5080. The “Bulls” attempt to get the new local maximums stopped at 1.5240. The trading has came back down up to the point and is currently carried next to 1.5170/80. Both the probability of the indicators’ reversal and the hints on their intents to downgrade suggest taking… Continue
Added by Forex4you on July 8, 2010 at 8:16am — No Comments
Forex4you Technical Analysis 07/07/10
The bounce out of 1.5200 determined the lasting of the sideways move. So, the pair is currently approaching to the bottom edge of the consolidation range, 1.5080, which was mentioned in the last commentary. The trades are carried at 1.5095/90. The indicators’ values note the changes in favor of the “bearish” preferences. That in its turn speaks about the probability of even lower price decrease, till the trend line of… Continue
Added by Forex4you on July 7, 2010 at 8:08am — No Comments
Forex4you Technical Analysis 06/07/10
The pair was traded broader than predicted yesterday. The price checked up the support at 1.5080 and following that recovered upturn. It currently resides at 1.5200/1.5190. The indicators’ values further prefer the advance, while the weakness in upgrading, which was caused by retracement, is recovering. This proves high probability of both the ascendant trend’s renovation and checkup of the new local maximums.… Continue
Added by Forex4you on July 6, 2010 at 7:18am — No Comments
Forex4you Technical Analysis 20/07/10
The apprehensions of the upturn’s recovery were well-grounded, because the formerly predicted scenario was accomplished – the price bounced out of the support at 1.4870 and also out of the trend line of the upgrading channel (the blue lines); it achieved the new local maximum at 1.5200/10 as well. The trading is currently carried at 1.5170/60. The indicators’ values still prefer the advance and that in its turn means… Continue
Added by Forex4you on July 2, 2010 at 7:38am — No Comments
Forex4you Technical Analysis 1/07/10
The supports at 1.5020-1.4990 were breached, so the “Bears” managed to check up the next formerly mentioned targets at 1.4920/00. Moreover, they also attempted to breach further downward, though the price has already been stopped at 1.4870/75. Now it’s rolling back upward and currently resides at 1.4890/1.4900. The support at 1.4870 coincides to the trend line of the upgrading channel (the blue lines). This means a… Continue
Added by Forex4you on July 1, 2010 at 7:54am — No Comments
Latest Blog Posts
Most Popular Blog Posts
© 2024 Created by James Dicks.
Powered by
