Forex4you's Blog (405)

Forex4you Technical Analysis 06/07/10

GBP/ USD: Technical Analysis

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

GBP/USD: Technical Analysis

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

GBP/USD: Technical Analysis

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

Forex4you Technical Analysis 30/06/10

EUR/USD: Technical Analysis

The former forecasts came true. The price tumbled down to 1.2150/60/40, which was mentioned yesterday, but thereupon the bounce out of the support at 1.2155 upturned to 1.2220/10, where exactly it currently resides. The indicators don’t give a handle for presuming the reversal upward still yet as they prefer downgrading. Though, if the resistance at 1.2250 is overwhelmed it will be necessary to refrain from selling and… Continue

Added by Forex4you on June 30, 2010 at 7:30am — No Comments

Forex4you Technical Analysis 23/08/10

EUR/USD: Technical Analysis

Support 1.2730 was breached and the price fixed below, which can be considered as an evidence for the “bearish” scenario to start. Having tested levels 1.2680/90, the trading is currently carried on at 1.2700/10. Indicators are more inclined to a “bearish trend”, making a further downward movement a high-possibility. Supports 1.2620/30 and 1.2540 are likely to be tested soon. A rise and fixation above 1.2820 are seen… Continue

Added by Forex4you on November 30, 1999 at 12:00pm — No Comments