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Thread: Forex Technical Analysis By Forex4you

  1. #191

    Exclamation Forex Technical Analysis By Forex4you 05th December 2012

    EUR/USD: Correction Underway

    Eurodollar has corrected back from a strong resistance level of pivots situated at 1.3120. It has found support at the trend-line at 1.3090. Overall the up-trend is still intact and it will probably recover, with 1.3167 still a key level, which if breached could lead to a strong move higher; however, a break below 1.3050 is a possibility and would open the way to a move down to 1.3000, if the pull-back extends.




    GBP/USD: Head and Shoulders


    Cable is showing a head and shoulders pattern on the hourly chart which looks like it will probably breakdown. A decisive break below 1.6079 could signal a move down to the price target at 1.6040, although support at 1.6050 could also slow the sell-off. A break above the 1.6118 highs, on the other hand, might negate the H&S and see a covering rally, develop up to old-trend resistance at 1.6140.



    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.

  2. #192

    Exclamation Forex Technical Analysis By Forex4you 11th December 2012

    EUR/USD: Correction in Uptrend

    The triangle on eurodollar on Monday ended up breaking out higher and fulfilling its 1.2975 target. It will now probably correct back in a final wave lower, perhaps to the 50-day MA at 1.2925, or maybe even to support at 1.2905. After that it is possible the up-trend will resume and target 1.3000 first and then probably between 1.3060-80 where an old trend-line may resist further gains.



    GBP/USD: Meeting Resistance

    Cable has reached resistance at an old trend-line at 1.6080 where it is consolidating, If it breaks below 1.6063 it could pull-back to the 50-day moving average at 1.6025. Alternatively it is also possible the pair could continue higher, given the strength of the move already, with a break up above the 1.6095 highs leading to probable re-test of 1.6127, maybe even 1.6160.



    AUD/USD: Nearing Resistance

    The aussie continues to rise although there are bearish omens in the overlapping price action, a possible ending diagonal and the bearish momentum divergences. Nevertheless price continues to rise in peaks and troughs and it could reach the descending trend-line at 1.0517 before reversing. A break below the key trend-line at 1.0440 would be required for bearish confirmation, which would then target 1.0355 or possibly even lower.



    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,
    Thai 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.

  3. #193

    Exclamation Forex Technical Analysis By Forex4you 13th December 2012

    EUR/USD: Consolidation Pattern

    Eurodollar has been going sideways today with no firm trend in either direction. There may be a double top price pattern visible on the hourly chart, with a neckline at 1.3055 and a downside target at 1.3015. The short-term trend is still up, however, and favours more upside but any bullish potential is capped by resistance form the monthly pivot at 1.3120.



    USD/JPY: Pulling-Back

    The USD/JPY broke out of its consolidation range yesterday and pushed higher, reaching the 83.60s, before pulling-back to an old trend-line where it has currently found support. The overall trend is should still get up to 83.83 next, where the monthly pivot is situated, however, as far as today goes there is a sideways consolidation which could just continue extending for a while.



    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.

  4. #194

    Exclamation Forex Technical Analysis By Forex4you 17th December 2012

    EUR/USD: Consolidating in Uptrend

    EUR/USD continues to look bullish, particularly after the break above the previous highs at 1.3136. A short term pull-back to trend-line support at 1.3115 is possible, however, although the up-trend will probably continue afterwards. Alternatively, this could be a pause before the pair continues higher, with the next target up being the monthly pivot at 1.3257.



    USD/JPY: Gap in Up-Trend

    The USD/JPY pair gapped up this morning and then partially refilled the gap, although it has not quite reached the 83.53 highs of the previous week. The broader trend is still up and this is the first gap in the trend and therefore probably indicates a continuation higher, perhaps to the monthly pivot at 85.21. A break below 83.30, however, would target support at the 82.80s.



    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,
    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 system.

  5. #195

    Exclamation Forex Technical Analysis By Forex4you 19th December 2012

    EUR/USD: Continuation Higher

    The trend up continues, strengthened by the break of the 1.3168 highs. Price is now also starting to breach the upper channel line of the current rally - a sign of surprising strength. It is also breaking above the weekly and monthly pivots clustered at 1.3258. If these fail then the next upside target might be 1.3485; any weakness, however, would be likely to return to the 1.3230-40 consolidation zone.



    USD/JPY: Consolidating in an Up-Trend

    The short-term trend is still up, we have broken above the key 83.82 highs and the pair continued rallying after Monday's gap higher, another bullish sign. Today we are in consolidation mode a little bit and this might continue sideways longer trading between 84.45 and 84.20. An upside break, however, would target 84.63 first and then 85.11.



    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.

  6. #196

    Exclamation Forex Technical Analysis By Forex4you 27th December 2012

    AUD/USD: Pull-Back in Downtrend

    The break of the trend-line 4-days ago was a significant bearish sign, however, the double-bottom price pattern at the current lows has probably signaled the end of the current move, with a bounce possible and a price objective of 1.0415, where the 50-day MA and trend-line are both situated. The down-trend should probably resume eventually, with 1.0310 and then the 1.0230s supplying downside targets.




    EUR/USD: Uptrend Slowing


    The trend has weakened slightly, with recent candles showing long upper wicks. We have reached the weekly and monthly pivots clustered at 1.3260 and there is a chance price will retreat back, perhaps down to 1.3200. However, overall the short-term trend is still up and the 1.3307 highs will probably be revisited, followed by 1.3500, given the recent bullish major trend-line break.



    GBP/USD: Resumption of Uptrend

    The GBP/USD pair is rising strongly today after bouncing off its trend-line. This probably signals the end of the recent pull-back (possibly an Elliot wave 4) and the beginning of another rally higher (wave 5). The eventual target will probably be the 1.6282 highs.



    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,
    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 system.

  7. #197

    Exclamation Forex Technical Analysis By Forex4you 28th December 2012

    EUR/USD: Consolidation Unfolding

    Eurodollar has stopped rallying and is in a consolidation phase. Currently it is falling within its range and it will probably fall further to the range lows at about 1.3145. There is a possibility the consolidation will continue unfolding and then break higher, with 1.3500 providing the next upside target for the pair, alternatively deeper declines could see it fall to support at 1.3119.




    USD/JPY: Pull-Back in Uptrend


    The USD/JPY has pulled-back, although the overall trend is still up. It has just bounced back to a down-sloping trend-line and it could renew its temporary descent from here and reach perhaps major support at the gap at 85.20. The up-trend will probably eventually continue and run higher, with 87.50 supplying the next resistance level up.



    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.

  8. #198

    Exclamation Forex Technical Analysis By Forex4you 31st December 2012

    AUD/USD: Consolidating in Downtrend

    The aussie has been falling and has now reached its range lows. The trend is bearish and from here it will probably fall further, with a break below 1.0355 targeting 1.0310. Alternatively a bounce from here could reach the top of the range, with a break above 1.0375 targeting the range highs at 1.0410.



    GBP/USD: Rebound Underway

    The GBP/USD pair has rebounded strongly and is currently breaking above its short-term trend-line, however the overall trend is waning and the monthly pivot resists at 1.6180. A break above 1.6200 would be required to reinvigorate the up-trend, followed by a potential move up to 1.6250. Alternatively a break below the 1.6130 lows could see a move to support at 1.6050.



    EUR/USD: Touching Range Lows

    The EUR/USD pair is consolidating in a range and is in the process of probing the range lows at the 1.3190 level. A decisively break below the 1.3165 level would be a significant bearish sign and target the monthly pivot at 1.3119 or probably even lower, to the trend-line at 1.3070. Alternatively a rebound from the current level would probably see a re-touch of the range highs at 1.3265.



    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.

  9. #199

    Exclamation Forex Technical Analysis By Forex4you 2nd January 2013

    EUR/USD: At Range Highs

    The EUR/USD has risen strongly to the range highs and the weekly pivot. There is the possibility, either of a break higher, with a decisive break above 1.3300 leading to to a move up to the monthly pivot at 1.3355 and then 1.3400. Alternatively, it could continue consolidating and move back down into the range, targeting 1.3220 support initially and then range lows perhaps at 1.3180.

    USD/JPY: Trending Higher

    The USD/JPY is still in a strong up-trend and it will probably continue higher in the absence of any reversal patterns. The next major level of resistance is at 88.00 and price will probably back-off from there as it is also one major long-term target. The first level of support if the pair begins to correct back lies at 86.63, with major support in the 85s.

    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. #200

    Exclamation Forex Technical Analysis By Forex4you 3rd January 2013

    EUR/USD: Possible Breakdown

    There has been a break down out of the price pattern at the highs and whilst the pair has recovered, it is probable a trend reversal down may be happening. The monthly pivot at 1.3115 underpins support and would have to be decisively breached to give a stronger bearish signal, with a target first at 1.3080, and then 1.3015. Alternatively it would require a break back above 1.3195 to re-establish a bull trend with the range highs at 1.3300 then targeted.



    GBP/USD: Downtrend Progressing

    Cable is currently falling after making a high yesterday, when it formed a bearish pin-headed shooting star; the high volume may also have signaled short-term exhaustion. It has now temporarily broken below the monthly pivot at 1.6185 and it will probably fall further to minor support at 1.6100 and then perhaps 1.6040. We would have to see a break above 1.6215 for the up-trend to resume, targeting the 1.6270 level.



    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,
    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.

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