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Thread: Forex Technical Analysis By Forex4you

  1. #171

    Exclamation Forex Technical Analysis By Forex4you 25th Oct 2012

    EUR/USD: Meeting Resistance

    Eurodollar has reached resistance from a down-sloping trend-line. There will probably be a pull-back from here, down to support at perhaps the 1.2945 level, and if the 1.2920 hammer lows are broken than that would provide added bearish confirmation and probably see the down-swing accelerate. Alternatively a breakout higher perhaps above the 1.3030 level - could see an uninterrupted run all the way up to the previous highs at 1.3145.



    USD/JPY: Short-term Correction

    The USD/JPY has just hit resistance from the monthly and weekly pivots and it will probably fall back down into the 79.80 support region; with a break below 79.69 required to generate a bearish reversal. Longer-term, however, things look more bullish after the down-sloping trend-line from 2007 was broken. Strong continuation patterns on both the daily and the weekly charts target 80.50. A retest of the 84.23 highs is not out of the question, although a break above 80.20 would add confirmation, with a more modest initial target set at 81.15.



    GBP/USD: Wave 5

    The GBP/USD pair has risen and broken above the 1.6050 and now also the major trend-line at 1.6095 to be trading at around 1.6120. It may well pull-back to 1.6095 temporarily but then it will probably rebound. I see this as confirmation that wave 4 has completed and we are in a wave 5 back up, which will probably re-touch the highs at 1.6275.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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.

  2. #172

    Exclamation Forex Technical Analysis By Forex4you 31st Oct 2012

    EUR/USD: Possible Short

    The spike higher this morning, visible on the 4-hour chart is probably just a correction of the main down-trend. It will probably reverse at the current highs and begin to break-down. A shooting-star pattern is currently forming which could signal the beginning of such a move, which would then target 1.2945. Alternatively a continuation higher, confirmed by a break above the shooting star highs, could reach the 61.8% Fibonacci retracement at 1.3040.



    GBP/USD: Pull-Back in Uptrend

    The GBP/USD has risen to the trend-line drawn from the highs and the 200-4 hour MA where it has formed a shooting star candlestick pattern. This indicates a possibility of a short-term pull-back, perhaps the support from the monthly pivot at 1.6080. The wider outlook, however, indicates the current rally might be the start of final 5th wave higher, which would be expected to re-touch the 1.6275 highs, and a break above the 1.6139 highs would confirm a continuation 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,
    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.

  3. #173

    Exclamation Forex Technical Analysis By Forex4you 05th Nov 2012

    EUR/USD: Downside Breakout

    Eurodollar has broken out of the triangular pattern at the highs and fallen sharply lower. It has just reached the monthly pivot at 1.2795 and formed a hammer candlestick on the hourly chart. It could rebound from here, finding resistance back up at 1.2860, but the overall picture remains bearish, with a possible move down to 1.2685 and then perhaps 1.2640 where a thick clustering of support would probably prevent further declines.



    GBP/USD: Technical Analysis

    GBP/USD is still channelling down in a broadening formation. The current move has hit major support from a combination of the weekly and monthly pivots and there is a hammer candlestick on the hourly chart, raising the possibility of a temporary bounce, perhaps back up to 1.6010. Overall, however, the bears still look like they are in charge, and a break below 1.5940 could signal a continuation down to 1.5860 perhaps.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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.

  4. #174

    Exclamation Forex Technical Analysis By Forex4you 06th Nov 2012

    EUR/USD: Temporary Bounce

    The EUR/USD pair has continued to fall after breaking out of its consolidation zone although it has slowed up now after meeting the monthly pivot yesterday. Whilst the daily and higher charts are indicating the potential for a major bearish reversal the short-term charts show we might get a bounce off the monthly pivot and a retouch of the range at 1.2835-50 before a resumption of the down-trend; a break of the 1.2803 highs would give added confirmation of a bounce.



    EUR/JPY: Finding Support

    The EUR/JPY pair has found support on the daily chart from its trend-line and is in the process of forming a hammer candlestick. There is the possibility of a rally higher if we get some bullish confirmation, with a move up to 103.30 first and then 104.35. However, there is substantial event risk on the horizon with the U.S Presidential elections and this could lead to unexpected volatility. A break lower, therefore, is also possible targeting support and resistance at 100.70.




    EUR/GBP: Meeting Trend-Line


    The EUR/GBP pair has fallen to support from its trend-line where it has posted a hammer candle and is now forming another hammer today. This combination could signal a possible rebound at first to the 50-day moving average at 0.8023, and then further gains could reach 0.8050-75. A break down through the trend-line is also possible, and could fall to the 100-day MA at 0.7965 first, with a break below that required to confirm further downside.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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,
    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. #175

    Exclamation Forex Technical Analysis By Forex4you 07th Nov 2012

    EUR/USD: Threatening Downside

    The EUR/USD pair hit resistance from the lower border of the topping pattern on the daily chart. It rolled -over and quickly fell to support at 1.2795. The topping pattern and trend-line resistances make the outlook bearish and a break below 1.2762 could mark the beginning of a major move lower with a first target at 1.2630.



    EUR/GBP: Bearish Indications

    The EUR/GBP pair looks like it is breaking below its trend-line. A head and shoulders top pattern is also about to break its neckline at the same time increasing the strength of the bearish signal. A decisive move below 0.7975 would confirm a move down to 0.7927 at first and then probably eventually 0.7845.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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.

  6. #176

    Exclamation Forex Technical Analysis By Forex4you 08th Nov 2012

    EUR/USD: Breaking Lower

    The EUR/USD pair has broken down below the key 1.2762 lows and is now swiftly moving down. It will probably continue to go lower until it hits the next target at the 100-day MA at 1.2630, with more support also at 1.2600.




    EUR/JPY: Bounce Possible


    The EUR/JPY could bounce from its present location on the 50-day MA. The first upside target would be the range highs at 102.20. A move lower is eventually probable, however, given Monday's major trend-line break which created a price objective of 100.70 although the remainder of the expected sell-off could come after the bounce.



    GBP/USD: Rebounding Probably

    The GBP/USD has bounced off a strong support and resistance level, is forming a hammer candlestick today and will probably rally up to resistance situated at the trend-line around the 1.6080 level.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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 system.

  7. #177

    Exclamation Forex Technical Analysis By Forex4you 09th Nov 2012

    EUR/USD: Technical Analysis

    EUR/USD has resumed its down-trend. It has reached a major long-term support and resistance line at 1.2745 which is blocking further downside. A box pattern is now forming on the hourly chart and the price has reached the bottom of this range with expectations that it will bounce back up to the range highs at 1.2770 perhaps. A decisive break below 1.2705, however, would indicate a continuation down to the next target at 1.2630.



    EUR/GBP: Break Confirmed

    The EUR/GBP pair has now confirmed its break of trend-line with an eventual target at 0.7825. It has also broken below the neckline of the head & shoulders and is forming a shooting-star candle today, which could indicate further downside to come. A break below 0.7959 would help confirm a move to 0.7925 perhaps. A move above 0.8000, however, would negate the bearish outlook and might trigger a rally to 0.8040.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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.

  8. #178

    Exclamation Forex Technical Analysis By Forex4you 12th Nov 2012

    EUR/USD: Technical Analysis

    Eurodollar is in a down-trend which will probably continue until it reaches a cluster of support at 1.2635. There may be a bounce first however as it has just reached support from a major channel-line with a bounce possible, perhaps to the trend-line at 1.2755. An eventual downside target for the breakout of the price pattern of the highs is 1.2505.



    GBP/USD: Reaching Trend-Line Support

    The GBP/USD pair has just reached support from a major trend-line and the 100-day MA. It will probably make a small recovery, although the price action is not showing any bullishness yet; if it does, it would be expected to reach resistance at 1.5955. On the downside, a move below 1.5835 would confirm a break of the trend-line, with an eventual target of 1.5750.



    USD/JPY: Technical Analysis

    The rally faltered and has pulled-back. It could fall a little further to the trend-line at 78.95, or there is a chance of a rebound after yesterday's hammer candlestick. On the hourly chart there is a possible head & shoulders pattern forming with a break above the neckline at 79.60 confirming upside and leading to a rally up to major trend-line resistance at around 80.15.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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 system.

  9. #179

    Exclamation Forex Technical Analysis By Forex4you 16th Nov 2012

    EUR/USD: More Downside

    Eurodollar has renewed its down-move and it will probably fall to a grouping of support at around the 1.2640 level as it continues to tumble towards its longer-term target at 1.2505. There is a possibility of a temporary bounce first, however, reaching resistance at 1.2753 - the 38.2% fib line or the 50% at 1.2763, before rolling over and continuing down.



    EUR/JPY: Meeting Resistance

    The EUR/JPY pair has reached a pivotal level where a move higher could trigger a bullish breakout or the long-term trend-line could push the exchange rate back down again towards 100.50 possibly further. The hourly chart looks more bullish now, with a likely rebound to 104.00 although afterwards the decline could start with a first move to support clustered at 102.60.



    AUD/USD: Bearish Bias

    The aussie has broken below its trend-line and is in a bear move lower with an eventual downside target of 1.0240. It has stalled a little today and formed a double-bottom pattern on the hourly chart, but a false breakout has reduced its efficacy and any upside will probably be capped by the 50-day MA at 1.0360. Downside could resume now, with bears jumping on-board once the pattern lows are breached at 1.0300.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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,
    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. #180

    Exclamation Forex Technical Analysis By Forex4you 19th Nov 2012

    EUR/USD: Hitting Resistance

    The recovery rally has hit resistance from a trend-line at recent highs and the down-trend could resume, however, rising volume indicates continued bullishness as well. A break above the trend-line and the monthly pivot at 1.2793 would yield an upside target of 1.2860-80. Alternatively if it holds then a move below the last trough at 1.2751 could continue to support at 1.2725.



    GBP/USD: Finding Support

    Cable is showing a possible bottoming pattern on the 4-hour chart at the level of a major trend-line and this could signal a rebound. A break above 1.5930 could open the way to an up-move although heavy resistance from trend-line and pivot at 1.5955 could impede it reaching the target at 1.6005. A break below 1.5850 could get bears on board for a possible move down to 1.5780.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial videocast published by Forex4you



    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,
    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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