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Thread: Forex Technical Analysis By Forex4you

  1. #141

    Exclamation Forex Technical Analysis By Forex4you 06th July 2012

    EUR/USD: Bearish Continuation

    Eurodollar has now corrected back 76.4% of the whole counter-trend rally in June and looks poised to resume its descent and re-touch the major 1.2287 lows. Currently it is consolidating on the monthly S1 pivot but if it breaks lower than it could even target the lower channel line of 2012′s fall at 1.2180. Its less likely, but if it recovers it could bounce back up towards the 1.2450 mark.




    EUR/JPY: Trend-line Break


    The EUR/JPY pair has temporarily broken down below the trend-line of the June rally. If it continues and breaks 98.30 that will offer further bearish confirmation, signalling a possible resumption of the broader down-trend. The next target lower is the pivot at 97.15 followed by the previous lows at 95.58. If the pair reverses and bounces higher than the first upside target would be at the monthly pivot and the underside of the trend-line at 99.40.



    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://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.

  2. #142

    Exclamation Forex Technical Analysis By Forex4you 09th July 2012

    AUD/USD: Finding Support

    The aussie has fallen and reached support from the lower channel line of the move up from the 1st of June. It will probably bounce and re-touch the 1.0330 highs but in the absence of a strong reversal pattern we remain neutral. The other possibility is that it accelerates to the downside and breaks out of the channel, targeting first support at 1.0025 and then the breakout target at 0.9800.



    EUR/JPY: Trend-Line Break

    The EUR/JPY pair has temporarily broken down below the trend-line of the June rally. If it continues and breaks 98.30 that will offer further bearish confirmation, signalling a possible resumption of the broader down-trend. The next target lower is the pivot at 97.15 followed by the previous lows at 95.58. If the pair reverses and bounces higher than the first upside target would be at the monthly pivot and the underside of the trend-line at 99.40.



    EUR/USD: Continuation Down

    The sell-off last week was very heavy and it will probably continue to make lower lows. The next target down is at the 1.2200 level and then 1.2166 which is a Fibonacci extension of the current move. If there is a rebound it will probably reach resistance from the old down-sloping channel line on the 4hr chart at 1.2325 before resuming its bearish trend lower.



    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,
    เทรด 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.

  3. #143

    Exclamation Forex Technical Analysis By Forex4you 12th July 2012

    AUD/USD: Trend-Line Break

    The aussie has broken down below a major trend-line and is continuing lower. It will probably fall even further reaching a cluster of support including the 50-day MA at around parity or 1.0005. A break below 1.0100 would be ideal for more rock-solid confirmation of further downside. Momentum has fallen since the breakout and this could indicate the possibility of a rise back up and a retouch of the underside of the trend-line at 1.0220, although after that the bearish trend is likely to resume.



    EUR/USD: Bounce Possible

    Eurodollar has fallen to close to support at 1.2200 from where it will probably bounce. This is at the level of the lower line of a bearish wedge seen on the daily chart. RSI is also showing strong bullish convergence on the 4-hour chart. A reversal in the price itself is all that is needed now for confirmation. The upside target would be the 1.2325 range highs. On the other hand a decisive break below 1.2200 would continue the bearish trend down, targeting the monthly pivot at 1.2105.



    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,
    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 system.

  4. #144

    Exclamation Forex Technical Analysis By Forex4you 13th July 2012

    EUR/USD: Technical Analysis

    The EUR/USD pair is still falling although it has found some support on the daily chart from the lower line of a down-sloping wedge. It is possible that it could bounce from this level although there is still no reversal set-up yet. On the 4-hour chart the pair is rising inside a down-sloping channel and it is expected to meet resistance from the upper channel line at 1.2215. If it is successfully pushed back down then it it could fall to the 1.2125; if, however, it breaks out higher than it would rally to 1.2300.



    GBP/USD: Large Triangle

    The GBP/USD pair has been forming a large triangle on the weekly chart which now looks close to completion. The exchange rate has broken partially below the lower triangle line, closing outside it yesterday. If it continues lower it could mark the beginning of a major trend down, targeting the 1.30s eventually, but I would want to see a break below the 1.5233 first as confirmation. In the short-term a move up to 1.5480 to re-test the trend-line is a possibility, whilst a move lower would target the monthly pivot at 1.5388.



    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,
    India 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 system.

  5. #145

    Exclamation Forex Technical Analysis By Forex4you 16th July 2012

    AUD/USD: Technical Analysis

    The aussie has risen and re-touched the trend-line which it broke out of last week. Further resistance from the 100-day MA has also helped depress prices. Nevertheless, we have seen a recovery of more than 76.4% of the previous rally which is very bullish and it only requires a decisive break above 1.0250 to add fresh impetus to the rally and target the 1.0330 highs. A move below 1.0150 on the other hand could open the door to a continuation down to 1.0100 or even 1.0150 crystallizing the target from the original break-down.



    EUR/USD: Technical Analysis

    The EUR/USD pair has formed a head and shoulders pattern on the hourly chart with neckline currently threatened. My preference is for break and more downside with the target for the move at 1.2170 and the weekly pivot at 1.2160 so perhaps 1.2165; a break below the 76.4% retrace of the previous rally at 1.2185 would be a major blow to bullish hopes. The possibility of another leg higher to 1.2305 is also quite strong with a break above 1.2243 issuing a strong continuation signal 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,
    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 system.

  6. #146

    Exclamation Forex Technical Analysis By Forex4you 17th July 2012

    GBP/USD: Technical Analysis

    The GBP/USD has been unfolding lower in an expanding triangle visible on the daily chart. The recent up-leg has encountered resistance from the upper boundary line at the current 1.5645 highs. From here there is a possibility of a pull-back to 1.5615. A decisive break below 1.5590 would be required to erode the bullish position, with downside target at 1.5450. The pair could also push higher, with a move above 1.5721 undermining bearish bets and targeting 1.5750 first and then 1.5900.



    EUR/USD: Technical Analysis

    The EUR/USD pair is rising within a down-sloping channel. It will probably reach the upper channel line at 1.2360. The target for the double bottom and the monthly pivot, however, lie slightly higher at 1.2380 another possible target. The key reversal on Friday indicates the possibility of a trend-reversal and start of a new up-trend. Alternatively it is possible the rally will pull-back to support from a cluster of MAs and the 61.8% Fibonacci level at 1.2225.



    USD/JPY: Downside Possible

    The yen has been correcting back and it has now reached a 61.8% Fibonacci of the previous move. My preference is for more downside given the incomplete wave sequence down from the March highs. A break below the 76.4% Fibonacci line at 78.36 would see the bears back in control and an eventual target set at the 77.66 lows. Alternatively a rally would see a move up to the cluster of resistance at 79.45, before a possible continuation to the 80.60 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 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://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 system.

  7. #147

    Exclamation Forex Technical Analysis By Forex4you 18th July 2012

    EUR/JPY: Technical Analysis

    The EUR/JPY has fallen to its trend-line where it is currently consolidating. A rebound is possible, with the range highs at 97.20 providing an upside target. A break above the neckline of a possible inverted head and shoulders, at 97.36, would activate an upside target of 98.50. On the other hand the greater trend is down so it is possible that the pair will breach the current trend-line and move lower, with a break below 96.55 acting as confirmation for a deeper penetration of the 96.20 lows.



    EUR/USD: Technical Analysis

    The EUR/USD pair is still rising within a down-sloping channel. It looks like it may be beginning to roll-over and it is possible it will fall eventually to support from the trend-line at 1.2205. There is also a chance of a recovery at the 1.2240 level and a rebound, in which case it would target the upper channel line at 1.2360. The key reversal on Friday indicates the possibility of a trend-reversal and start of wave higher longer-term.



    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,
    Forex Training
    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 system.

  8. #148

    Exclamation Forex Technical Analysis By Forex4you 19th July 2012

    GBP/USD: Bullish Continuation

    Cable has broken out of the triangle in which it was consolidating and started to rally up quite strongly. 1.5750 is within reach and after that there is the possibility of a continuation to the level of the 100-day MA at 1.5790. Alternatively if the rally stalls it could be expected to pull-back to support at 1.5675.



    EUR/USD: Downside Possible

    The EUR/USD pair has risen and reached resistance from the top of a major down-sloping channel. It has formed a bearish shooting star on the hourly and it could roll-over and fall to support from the trend-line at 1.2220. A break above the 1.2324 highs however would confirm a bullish breakout and target 1.2380 initially where the monthly pivot is situated. There may be an inverted head and shoulders at the lows and the key reversal last Friday indicated the possibility of a trend-reversal up, longer-term.



    USD/JPY: Meeting Support

    The USD/JPY has continued falling in a final wave down from the March highs. It has reached temporary support from the lower channel line of the move down and it is possible it may rebound from here although there is not strong reversal pattern yet. A move above the 76.4% Fibonacci line at 79.02 would encourage bulls to reach for the top of the channel at 79.45; whilst a break below the 78.46 lows would help confirm a channel breakout and lead to a fall to the monthly pivot at 78.09.



    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 system.

  9. #149

    Exclamation Forex Technical Analysis By Forex4you 20th July 2012

    AUD/USD: Technical Analysis

    The aussie has been rising, although it has slowed down after reaching close to the underside of a major multi-year trend-line which would be expected to exert downward pressure. It has also pulled back 61.8% of the previous move and could be ripe for a resumption of the down-trend. A move lower would be expected to reach the line of support at 1.0300 which would have to be breached to give any credence to a bearish view. However, because there are no strong reversal signs yet the pair could also continue higher with the monthly pivot at 1.0470 providing the next target up.



    EUR/USD: Technical Analysis

    The EUR/USD has consolidated in a sideways triangle pattern. It looks almost complete as it narrows into the apex. A break below the 1.2228 level would signal a continuation down, probably to 1.2160 where the weekly pivot is situated. The 1.2324 high would have to be breached to activate a breakout higher with the monthly pivot at 1.2380 providing the initial target and then the 1.2430 at the longer-term trend-line providing the next target.



    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://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 system.

  10. #150

    Exclamation Forex Technical Analysis By Forex4you 04th Sept 2012

    EUR/USD: Technical Analysis

    The EUR/USD is still in a counter-trend rally. It is unlikely to be the start of a new trend higher and therefore will probably roll-over. Currently there is a possibility the pair could be starting a move down to 1.2550. If it goes below there it would constitute a break of the neckline of a double top pattern and target 1.2475. If the trend continues tracking higher, however, it could also reach resistance from the upper channel line at 1.2650.



    GBP/USD: Technical Analysis

    GBP/USD is showing a possible double-top pattern at the highs which is bearish despite the recent triangle breakout higher. Unfortunately there has not been much follow-through since the break and so I am not as bullish as before. A breach of the lows at 1.5754 would trigger the downside target of 1.5595. The most recent rally and breakout could be labelled an Elliot wave 'E' and mean that the triangle is still completing and will actually roll-over and break lower eventually. Alternatively further upside is capped by the monthly pivot at 1.6020.



    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,
    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 system.

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