December 2010 Blog Posts (34)

EUR/USD: Technical Analysis



Yesterday EUR/USD fell to support at the 200 day MA and the monthly pivot at around 1.3095. From there it has bounced, probably in an Elliot 4th wave back up to 1.3200 and since begun to turn lower, perhaps at the beginning of the 5th wave down this morning. It will probably return to match the 1.3095 lows before possibly another bounce back up to 1.3200.…

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EUR/USD: Technical Analysis



Forecast about the upcoming correction to growth proved to be correct, though a  decline was continious and the price met support only at level 1.3150/40. Currently, the trading is carried out at 1.3160/70.  Indicators are turned down, suggesting to expect the "bearish" trend as a higher possibility. So, a decline is likely to continue, with the next support seen at 1.3050/60. Nevertheless, level 1.3150/40 seems to be strong enough to…

EUR/USD: Technical Analysis



Support 1.3320/10 breakout suggested realization of further down trend scenario. The price plunged towards resistance level 1.3220/30, where it still consolidates. Indicators are turned down, giving more reasons to expect a decline, the trading is very likely to sink towards 1.3150/40. There is also a high possibility that a down trend expands to supports – 1.3050/60, 1.2980/70. At the same time, it's worth noting, that the support level,…

I have been around the block a few times, and I have to say that this one simply just slipped thru the cracks. Bad thing is that I could have used it in the past to assist me in collecting money that would have been very beneficial in the end. I was talking to a friend of mine yesterday and unfortunately he was in an accident the other day, good news no one was hurt. So like most of you that drive, a fender bender has been in the cards at one point or another. Like my buddy in this case who…

EUR/USD: Technical Analysis



Key resistance 1.3450/60 proved its strength and didn't let the price go further, so it returned to a decline. Indicators are turning down, though the readings are still unclear and vague. Considering this fact, we recommend to be cautious regarding future outlook. Fall and fixation below 1.3320/10 will initiate further decline to 1.3150/40 with a possible fall to the lower supports at 1.3050/60, 1.2980/70. Reversal up, above 1.3400/10…

The table below shows the Weekly and Daily Supports, Resistances and Risk-to-Reward forecasts obtained with the Forex AI platform calculator, for the Australian and Canadian Dollar plus Gold, versus the American Dollar. Technical analysis for this week has been based on Daily charts for USDCAD, AUDUSD and XAUUSD (Gold), using 20-day Bollinger Bands with 1.5, 2 and 2.5…

The table below shows the Weekly and Daily Supports, Resistances and Risk-to-Reward forecasts obtained with the Forex AI platform calculator, for the major currency pairs that involve the Japanese Yen against the Euro, British Pound and US Dollar. Technical analysis for this week has been based on Daily charts for USDJPY, EURJPY and GBPJPY, using 20-day Bollinger Bands…

The table below shows the Weekly and Daily Supports, Resistances and Risk-to-Reward forecasts obtained with the Forex AI platform calculator, for the major currency pairs that involve the Swiss Franc along with the Euro, British Pound and US Dollar. Technical analysis for this week has been based on Daily charts for EURCHF, GBPCHF and USDCHF, using 20-day Bollinger Bands…

The table below shows the Weekly and Daily Supports, Resistances and Risk-to-Reward forecasts obtained with the Forex AI platform calculator, for the major currency pairs that involve the Euro, British Pound and US Dollar. Technical analysis for this week has been based on Daily charts for EURUSD, GBPUSD and EURGBP, using 20-day Bollinger Bands with 1.5, 2 and 2.5…

EUR/USD: Technical Analysis



The "bears" didn't manage to breach support 1.3150/40, like it had been previously assumed, so, the sideways movement continued. The trading is currently carried out at 1.3210/20. Indicators are "bearish", thanks to SS, though both R% and MACD suggest further consolidation within the range 1.3310 – 1.3150/40 as a higher possibility. Support 1.3150/40 breakout will most likely initiate new minimums test at 1.2960/70, with a possible stop…

Being thoroughly informed about the risks and benefits of a particular trading strategy is paramount if you intend to participate in the markets with the best possible risk-to-reward ratio, not only in terms of money management but also in terms of a greater confidence and the handling of potential stress factors. In the present article, we are going to examine in further detail all the positive as well as…