JDFN Financial Network

August 2011 Blog Posts (14)

Forex4you Technical Analysis 31 August 2011

EUR/USD: Technical Analysis



The price breached  1.4450/60 support line, stopped at 1.4385/90 level – the uptrend (red) line and then retraced upwards.  At the moment it’s testing previously breached support level, this time as a resistance, which gives reasons to consider a possible change of market sentiment towards the bearish. Everything depends on which way the trading will move now – if it fails to ascend above 1.4550/60 level, the bearish chances to make a…

Continue

Added by Forex4you on August 31, 2011 at 7:06am — No Comments

Forex4you Technical Analysis 30 August 2011

EUR/USD: Technical Analysis



1.4550/60 resistance has halted growth, so the price is currently retracing back downwards. Trading is being carried out at 1.4460/50 support level, mentioned previously as the "signal" for reversal of the bearish sentiment in the market. Indicators are turning down again and if level 1.4450/60 is eventually breached, the "bulls" will have less chances to continue their trend and the price will most likely commence a new downward…

Continue

Added by Forex4you on August 30, 2011 at 8:15am — No Comments

Feeling lucky today.

I am sure I can figure this out -- I need to practice it online.  So how many hundreds of dollars is this software and what is wrong with free demos?

Added by John Phelan on August 20, 2011 at 9:07pm — 5 Comments

Forex4you Technical Analysis 19 August 2011

EUR/USD: technical update 

The EUR/USD pair is descending in a channel from the highs achieved yesterday. It has reached support at 1.4390 where it is currently consolidating. If it falls further it may reach the lower channel line at 1.4335; a recovery rally on the other hand is also quite possible given the larger trend for the week has been up, and this might revisit the 1.4500 highs, in a final Elliot 5th wave higher.



Analysis by: Joaquin Monfort…

Continue

Added by Forex4you on August 19, 2011 at 6:53am — No Comments

Forex4you Technical Analysis 18 August 2011

EUR/USD: technical update 

The EUR/USD pair is descending in a channel from the highs achieved yesterday. It has reached support at 1.4390 where it is currently consolidating. If it falls further it may reach the lower channel line at 1.4335; a recovery rally on the other hand is also quite possible given the larger trend for the week has been up, and this might revisit the 1.4500 highs, in a final Elliot 5th wave higher.



Analysis by: Joaquin Monfort…

Continue

Added by Forex4you on August 18, 2011 at 8:21am — No Comments

Forex4you Technical Analysis 17 August 2011

EUR/USD: breaking higher 

The EUR/USD pair is trading in a channel down from the highs made on the 15th. It has just rallied up to the upper line of the channel and is pushing up against it trying to break through the resistance and go higher. If it succeeds it could revisit the top of the range at the 1.4450 highs; if it fails then it is possible it could fall back down to the bottom of the channel at the 1.4310 level.



Analysis by: Joaquin Monfort…

Continue

Added by Forex4you on August 17, 2011 at 7:49am — No Comments

Forex4you Technical Analysis 16 August 2011

AUD/USD: pennant still forming

The aussie reached the 50% retracement level at the 1.0500 highs as predicted and then began falling. Currently it is in a correction of the move down which will probably go higher, perhaps to 1.0450. From there it is likely the exchange rate will roll over and continue lower, at least matching the 1.0410 lows, if not further, if the main downward trend reasserts itself and the pennant we have been monitoring triggers.…



Continue

Added by Forex4you on August 16, 2011 at 7:36am — No Comments

Forex4you Technical Analysis 12 August 2011

EUR/USD: trading in range 

The EUR/USD exchange rate is trading within a range and it has recently bounced from the lows and begun climbing till it has found resistance at the monthly pivot at 1.4237. It is possible it could resume its descent with the lows at 1.4125 targeted again, but a break above the pivot would indicate the probability of a rally to 1.4295 and then 1.4400. ADX is at record lows of 12.29 indicating the likelihood of a breakout on the horizon and a phase of strong…

Continue

Added by Forex4you on August 12, 2011 at 8:13am — No Comments

Forex4you Technical Analysis 11 August 2011

AUD/USD: technical analysis

Earlier forecasts, anticipating sideways correction in the pair, confirmed. The price tested level  0.9930/20 and then 1.0400/10 resistance line, which turned out to be strong and pushed the price back downwards. At the moment trading is consolidating within narrow range between 1.0300-1.0100 levels.  Indicators are turning up, suggesting a possible reversal in the pair. However, it can also indicate just the range widening to 1.0530/40 resistance level.…

Continue

Added by Forex4you on August 12, 2011 at 5:59am — No Comments

Forex4you Technical Analysis 10 August 2011

EUR/USD: Technical Analysis



Earlier forecasts confirmed - the pair had been trading within narrow ranges for the whole last trading session and managed to rise towards 1.4390/80 resistance level only by the end of the session, influenced by the fundamental data. The price is currently making another attempt to breach this barrier, trading is carried out at 1.4370/80 levels. Indicators became more bullish, which gives reasons to expect 1.4390/80 level to be…

Continue

Added by Forex4you on August 10, 2011 at 6:25am — No Comments

Forex4you Technical Analysis 08 August 2011

EUR/USD: Technical Analysis



Support 1.4260/50 was breached, indicating that a downtrend has eventually took over. The price descended to level 1.4130/20, mentioned in the previous analysis as the first target on the way down, and it now resides a bit above this level at 1.4150/60. Trading has already made it below 1.4130/20 level, which proves the bearish strong potential and gives reasons to expect further attempts to bring the price lower, to 1.4000 support…

Continue

Added by Forex4you on August 8, 2011 at 8:10am — 1 Comment

The New Economy – Weak and Getting Weaker

The past few years have been tough economically for individuals and for business; even people who never talk about the economy are discussing it with their friends and family.   Why?  Because today’s weak economy is affecting them very negatively and directly, probably for the first times in their lives.   Many of us can probably remember our parents or grandparents talking about what they experienced during the Great Depression of the 1930s or perhaps you learned about it in school.  But…

Continue

Added by James Dicks on August 3, 2011 at 6:43pm — No Comments

Forex4you Technical Analysis 3 August 2011

EUR/USD: technical analysisThe price failed to decline lower - having tested 1.4140 level it retraced upwards and is currently testing 1.4260/50 resistance level. Indicators are turning up, which gives resons to expect the price to recommence its growth. To make it happen, however, the price has to first ascend and pass a significant resistance at level 1.4330-1.4250/60, or even rise above 1.4370/80. Until it happened, the bears will keep their leading positions in the market and have higher…

Continue

Added by Forex4you on August 3, 2011 at 7:10am — No Comments

Forex4you Technical Analysis 2 August 2011

EUR/USD: technical analysis

Forecats, predicting that the bears would make another attempt to take the price down confirmed. Trading went back downwards and the price successfully breached the key support on the way down - level 1.4260/50. At the moment trading is being carried out around 1.4180/90 levels. Indicators have changed their readings and they now suggest a decline, which gives enough reasons to anticipate further downtrend. The closest support is found at…

Continue

Added by Forex4you on August 2, 2011 at 7:46am — No Comments

Monthly Archives

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

1999

About

James Dicks created this Ning Network.

© 2019   Created by James Dicks.   Powered by

Badges  |  Report an Issue  |  Terms of Service