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Thread: Forex Technical Analysis By Forex4you

  1. #121

    Exclamation Forex Technical Analysis by Forex4you 1st June 2012

    AUD/USD: Technical Analysis

    Longer term there is a bearish topping pattern on the weekly chart, however the exchange rate is in a support zone between 0.97 and 0.93 where historically there have been many rebounds, and from the current level it could rebound in the short term before the larger trend pushes things down again. The 4-hr chart is showing the formation of a hammer resting on the weekly pivot which could herald a bullish bounce, with 0.9750 presenting an initial target. A continuation lower, however, would target the 2011 lows at 0.9387.



    USD/JPY: Possible Reversal

    There is a possibility that a reversal will take shape in USD/JPY. The break out of the triangle has reached its target and it is possible the medium trend may be about to reverse as triangles almost always precede the final move in a trend. A hammer has formed on the daily, and if it remains and we get more bullish confirmation on Monday, then the reversal could follow. The next target higher would be the trend-line at 79.00. If the trend down resumes, however, then it could reach support at 77.46 from the monthly pivot.



    EUR/USD: More Downside Expected

    The EUR/USD pair has resumed its down-move and will probably continue lower, with the next target located at the weekly pivot at 1.2283. A deeper move might reach 1.2183 which is the target if waves A and B of the move from the 1st of May achieve equality.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    Forex Demo Account | Forex ไทย | Managed Forex
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  2. #122

    Exclamation Forex Technical Analysis By Forex4you – 06th June 2012

    EUR/USD: Technical Analysis

    Eurodollar has rebounded off its lows and is currently rallying in a rising channel. If the rally continues it will probably reach 1.2565. There is a possibility it might even reach strong resistance at 1.2600. A roll-over, on the other hand, would fall to the base of the channel at 1.2465, with a complete breakout from the channel targeting 1.2335.



    USD/JPY: Meeting Channel-Line

    The dollar-yen has been rebounding strongly but has now reached an important channel-line from the March highs which is resisting further upside. It looks possible that there could be a bearish move down, with the 50 day MA at 78.60 providing the initial target and then possibly the 77.60 lows. Alternatively, if this is the start of a trend change then a breakout of the channel is also possible, with the next target higher at around 79.85/80.00.



    EUR/GBP: Channeling

    EUR/GBP has formed a clear rising channel on the daily chart and has just been pushed back down by the top of the channel, with expectations that it will fall to the lower line situated at 0.8000. At first, however, the pair will probably meet strong support at 0.8055, where a bunch of monthly pivots and moving averages are situated. There is also a lesser chance of a re-test of the 0.8140 highs.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    www.forex4you.in
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  3. #123

    Exclamation Forex Technical Analysis By Forex4you 08th June 2012

    AUD/USD: Triangle Completing

    The counter-trend rally rolled over yesterday and is currently falling. This bear move has consolidated and formed a triangle on the 30min chart. The triangle is near completion and will probably break lower – confirmed by a break of 0.9820 and then targeting the 50-day MA at 0.9785. From there it is possible a reversal will take shape and the rally off the 1st June lows will resume. An upside break out, confirmed by a rise above 0.9860, would on the other hand, be expected to reach the 100-day MA at 0.9890.



    EUR/USD: Continuation Lower

    Yesterday’s price action took the form of an ominous shooting star candlestick and today has given bearish confirmation. There has been a breakdown out of the ascending channel since the June 1st lows, yielding a target at level of the 1.2287 lows. The weekly pivot at 1.2445 is another closer target and also 1.2330. Right now price is bouncing and could pull-back to 1.2800, but bar a complete reversal latter in the day – which looks unlikely due to the light economic schedule – I think it will continue lower.



    USD/JPY: Break Confirmed

    The USD/JPY has closed on the daily chart above the channel adding confirmation to the bullish breakout. It is now possible that the exchange rate could climb higher and fulfil its breakout target at 80.70. As a precaution I would look for a break of 79.78 highs first. Today the pair is falling and could reach the channel-line which will support at around 79.05, from there it could threaten to break back into the descending channel, however a bounce is more likely given the other support form MA’s and pivots.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    www.forex4you.in
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  4. #124

    Exclamation Forex Technical Analysis By Forex4you 11th June 2012

    USD/JPY: Technical Analysis

    The dollar-yen recently broke out of a down-sloping channel and has closed two days running above the channel giving a potentially bullish longer-term outlook. However, today the pair has started to fall after hitting resistance at the 79.70 highs and may return to re-touch the lows and/or the channel line again at around 79.20. If on the other hand there is a break to the upside above 79.70 then the 100 and 50-day MA’s at around 80.20 would provide the next target higher.



    EUR/USD: Open Gap Filling

    There is a strong possibility price may drop to fill the open gap this morning – indeed it already appears to be doing so. The bottom of the gap is at 1.2517 and it is possible it could reach there. A more modest target would come from the cluster of MA’s at 1.2550, which is also the 50% retracement of the bullish break. A recovery move higher would probably target 1.2705 whether from the current level or from 1.2550.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    www.forex4you.in
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  5. #125

    Exclamation Forex Technical Analysis By Forex4you 12th June 2012

    EUR/USD: Technical Analysis

    The strong move down yesterday may have completed an Elliot wave which could be followed by a counter-trend rally up to resistance at 1.2535/50. Another possibility is that there could be another final wave 5 yet to unfold which could fall to a major support at 1.2445. A break of that would set up for a strong move to the old lows at 1.2287; and even if the pair rallies it should roll-over eventually and fall lower.



    USD/JPY: Consolidation Range

    The dollar-yen is consolidating within a range. Currently it has reached near the the highs at 79.50. It may have completed its move higher and be on the way back down to the bottom of the range at 79.20. There is the possibility of a breakout after the consolidation move has completed. The pair has already broken out of a descending channel on the daily chart and further upside is possible despite waning momentum, with 80.20 targeted higher.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    www.forex4you.in
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  6. #126

    Exclamation Forex Technical Analysis By Forex4you 13th June 2012

    EUR/USD: Range-Bound

    Eurodollar is trading in a range which it is currently at the top of and poised for a possible breakout higher. If it succeeds then expect a strong move up to the level of the weekly pivot at 1.2630 which is also equal to the width of the consolidation. Given the pair has broken out of its rising channel however a downside bias is present and the possibility of a fall to the major support lows at 1.2450 remains potent.



    Analysis By: Forex4you Analyst - Arkady Nagiev.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    www.forex4you.in
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  7. #127

    Exclamation Forex Technical Analysis By Forex4you 14th June 2012

    EUR/JPY: Technical Analysis

    The EUR/JPY pair is consolidating within a range with a neutral-to-slightly-bearish bias because of the sharp move down on Monday and the exhaustion gap on Friday which probably signalled the end of the up-trend. If it breaks below the 98.69 lows it could continue and re-touch the trend-line at 97.85; alternatively a break above the 100.40 level would signal a probable move higher, perhaps to 101.15 where pivot and moving average merge to cap further gains.



    EUR/NZD: Reversal Possible

    The EUR/NZD has fallen in a neat zig-zag down to the lower trend-line of the correction back from the February lows. This is also the level of the S1 monthly pivot and price action has formed a 2-bar reversal pattern on it. A bounce is indicated although today’s activity remains muted. A break of the 1.6260 highs could act as confirmation of a new move up to 1.6340 initially, whilst a break below the 1.6050 support shelf – although a surprise – would confirm a break lower, targeting the 1.5590 lows.



    EUR/USD: Point & Figure signal

    The eurodollar 50pip 3 box reversal point and figure chart has given a bearish signal with a downside target at 1.2050. This could be traded by placing an order to sell at 1.2400 and a stop above the highs at 1.2700.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    http://thai.forex4you.com
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  8. #128

    Exclamation Forex Technical Analysis By Forex4you 15th June 2012

    EUR/USD: Reversal Possible

    Eurodollar has rallied up quite strongly but has now reached a strong resistance level at around 1.2630 where it may reverse; a weekly pivot, January’s lows and the fulfilment of the target from the box pattern breakout earlier in the week combine to make this a significant resistance level. Last Friday’s exhaustion gap probably marks the end of the up-trend making it unlikely prices will advance above 1.2667. Its probable that a reversal pattern may form and the rate will fall first to 1.2560 and then 1.2510 at the bottom of the gap.



    GBP/USD: Right-Angled Triangle

    GBP/USD is tracing out a right-angled triangle. There was a temporary break to the downside this morning but no follow-through. We are now back in the ‘range’ and a break out higher or lower is still possible, although a break higher is more likely given the right-angled shape. A rise above 1.5620 ought to give confirmation of a bullish break targeting 1.5670 relatively easily. A fall below 1.5450 would confirm a breakdown with a dependable target at 1.5385.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    www.forex4you.in
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  9. #129

    Exclamation Forex Technical Analysis By Forex4you 18th June 2012

    EUR/USD: Technical Analysis

    Eurodollar gapped up at the open but has since fallen back down to below the monthly pivot at 1.2660. It is currently being supported by a trend-line. If it breaks lower then it will probably reach 1.2580 and then 1.2550 eventually. A rally back up would meet resistance from the monthly pivot at 1.2660 but could even rise higher to re-touch the highs at 1.2740.



    GBP/USD: Rolling-Over

    The GBP/USD is falling from the peak reached on Friday. It has now pulled back 38.2% of the previous move and broken below the monthly pivot. It will probably continue to fall until it reaches the top of the range at 1.5605. This is also the level of the 50% Fibonacci line adding further support. On the other hand a recover could lead to a final move back up to the level of the highs at 1.5760.



    EUR/JPY: Box Consolidation

    The EUR/JPY is consolidating in a range. It gapped up to the highs this morning at 100.70 but has since fallen down to fill the gap. There is the possibility of a break above the top of the box consolidation which would be confirmed by a move above 101.20, which would then target 102.60, where the 50-day MA caps further gains. A breakout lower would be confirmed by a move below 98.60 with a downside target of 97.75.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    thai.forex4you.com
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

  10. #130

    Exclamation Forex Technical Analysis By Forex4you 19th June 2012

    EUR/USD: Technical Analysis

    The eurodollar pair has fallen to the bottom channel-line of the move off the June 1st lows. It has posted a hammer candlestick on the hourly chart and begun to rise. There is the possibility of another move back up to the 1.2660 resistance level where the monthly pivot is situated. Alternatively the pair could break down out of the channel, targeting 1.2440 eventually with confirmation given by a move below 1.2540.



    EUR/GBP: Rising Channel

    The EUR/GBP pair continues to consolidate in a rising channel. It is currently at the base of the formation and has just bounced off the lower channel- line and it is possible it will now rally back up to the range highs around 0.8150, although considerable resistance currently lies directly above price preventing more gains and equally it could pull-back to support at 0.8025. A major breakout lower would target 0.7900 and then 0.7875 eventually with confirmation given below 0.7995.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Disclaimer:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether currency trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Forex4you,
    www.forex4you.in
    Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment systems.

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