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Thread: Forex Technical Analysis By Forex4you

  1. #221

    Default Forex Technical Analysis By Forex4you 08th February 2013

    AUD/USD: Rebounding

    The aussie has rebounded strongly today after falling to the 1.0250 level. It has just encountered resistance from the trend-line for the move down and there is a possibility that it could break higher given the strength of the bounce so far. If it decisively breaks above the trend-line it could push higher towards a cluster of resistance at 1.0410. The higher trend is turning bearish, however, and there is also the possibility of a recapitulation to support at the 1.0160 level.



    GBP/USD: Possible Reversal

    The GBP/USD has rebounded from the major support line at the lows and has reached resistance from the down-sloping trend-line at the current 1.5770 highs. If it breaks above the trend-line it will probably rally up to 1.5970. The inverted head and shoulders on the hourly chart has a neckline at 1.5805 and a similar target, and so a move above the neckline would be a strongly bullish sign. Alternatively, a decisive break below 1.5690 could lead to a move down to 1.5555 where the monthly pivot is situated.



    EUR/USD: Consolidation in Downtrend

    Eurodollar has fallen to a natural support and resistance level and it has started to form a sideways consolidation. There is a possibility it could be a flag and if so then the flag pole extrapolated down could give a target at 1.3240.The H&S top at the highs could also yield a target at a similar level. Alternatively, given the pair is now edging up, if it continues it could reach 1.3470 first and then possibly 1.3500 where the neckline is afterwards.



    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. #222

    Exclamation Forex Technical Analysis By Forex4you 11th February 2013

    EUR/USD: On Trend-Line Support

    The EUR/USD pair has fallen from its highs and reached the trend-line for the move up. It is possible it could rebound although there are no reversal signs yet. Today has seen bullish activity so far which could continue up to the trend-line at 1.3420. A break above 1.3430 would supply confirmation and target 1.3560. A bearish engulfing candlestick on the weekly chart indicates further weakness, and a possible lop-sided head and shoulders at the highs has a downside target of 1.3250, whilst a break below that would be a major sign of weakness and lead to a move down to 1.2950.




    USD/JPY: Possible Continuation Pattern

    The USD/JPY is consolidating in a narrow range which could be a pennant or other continuation pattern. The trend remains up and it will probably break higher eventually. This morning the activity has been bullish and it will probably rise to resistance at around 93.67. A decisive break above 94.05 would target 95.30. Alternatively, range lows lie at around the 92.22 level, with a decisive break below that targeting 90.05.



    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 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.

  3. #223

    Exclamation Forex Technical Analysis By Forex4you 12th February 2013

    AUD/USD: Trending Lower

    The aussie has fallen to support at the 1.0245 level from the monthly pivot. The short-term down-trend remains intact and the longer-term chart shows a an increasingly bearish reversal occurring. The down-trend will probably continue, although it is currently rebounding and may reach the key 1.0338 resistance level first. The next target level lower is 1.0165 and the pair may well fall to there after the rebound completes.



    EUR/USD: Consolidating on Support

    The pair continues to consolidate on top of support from the trend-line and the monthly pivot. Activity today has been mainly bearish although it is now turning up, and a break above 1.3470 could trigger further upside to perhaps the 1.3715 highs. Alternatively a decisive break of the 1.3350 lows would indicate the trend-line had given way with a new target down at support at 1.2950.



    GBP/USD: Triangle Breakout

    The pound/dollar has renewed its bearish trend by breaking down below the lower border of the multi-month triangle on the weekly chart. The break-out is a very bearish sign and there is a possibility that it is the start of a major new down-trend, with an initial target at 1.5260 support. Currently, however, price is resting on a monthly pivot at 1.5565, from where it could recover and bounce higher, if only temporarily, reaching to 1.5670, perhaps before the down-trend resumes.



    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.

  4. #224

    Exclamation Forex Technical Analysis By Forex4you 13th February 2013

    EUR/USD: Rebound Continues

    Eurodollar’s bounce from the trend-line and the monthly pivot has continued higher and reached 1.3470. Today we have had another thrust higher and it will probably continue. There is an inverted H&S on the hourly chart with a price target at 1.3500 and another target is 1.3640. Alternatively a break below 1.3355 lows would give bearish confirmation that the trend lower was resuming.



    USD/JPY: Ascending Wedge

    The USD/JPY has continued rising and making new highs despite pull-backs. It is possible an ascending wedge is forming with the next wave higher unfolding now and targeting the upper border at 94.60. The monthly pivot is currently capping upside, and it would require a break above the 93.61 highs to give strong confirmation of an extension up to 94.60. A break below the 92.82 lows, meanwhile, would provide strong evidence of a bearish reversal, with 91.15 targeted to the 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 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 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.

  5. #225

    Exclamation Forex Technical Analysis By Forex4you 14th February 2013

    AUD/USD: Meeting Resistance

    The aussie has formed a possible inverted H&S at the lows with price currently trading at the level of the neckline at around 1.0365. The trend-line for the move down meets price at the same point and a break of the neckline would also constitute a break of trend with an upside target at 1.0495. Alternatively it is possible that the exchange rate may just continue lower, given the short-term trend remains down. 1.0300 is a key level which is broken would open up the way to an extension down to revisit the 1.0240 lows at least.



    EUR/USD: Possible Bearish Break

    Eurodollar has fallen back down and touched support from the trend-line today. There is strong downwards pressure and it is attempting to break lower. A move below 1.3355 would be a strong bearish continuation sign with the 50-day MA at 1.3260 providing the next downside target. Alternatively there is still a possibility of a bounce targeting the 1.3640s, with a break above resistance clustered at 1.3460 adding confirmation.



    GBP/USD: Breakdown Confirmed

    The pound has decisively broken out of the multi-year triangle and is now in a strong down-trend which will probably continue lower. The next target down would be at the monthly pivot situated at 1.5260 which is also a major support and resistance level. A break below that level would give strong bearish confirmation and signal a probable continuation down to the the next target lower, in the 1.40s. On the upside the tough resistance at 1.5560 would probably cap any rebounds.



    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. #226

    Exclamation Forex Technical Analysis By Forex4you 15th February 2013

    EUR/USD: Bearish Break

    The break below the key 1.3355 level has occurred this morning and could see eurodollar run down to 1.3250 initially, and then eventually possibly even key support at 1.2950. Much depends on whether today remains bearish into the close – if it does then this could be the start of a major leg down, otherwise we may yet see a recovery, although the trend-line at 1.3410 limits near-term upside potential.



    USD/JPY: Consolidating

    The consolidation pattern continues to unfold at the highs. It is difficult to tell whether or not it is a rising wedge as it has now broken through the wedge’s lower border and could run all the way down to 91.15. The head and shoulders top pattern on the daily RSI is another bearish sign. The larger trend remains bullish, however, and it is also possible there will be a move higher to the cluster of resistance at 93.50 as an initial objective.



    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,
    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. #227

    Exclamation Forex Technical Analysis By Forex4you 18th February 2013

    AUD/USD: Consolidating in Down-Trend

    The aussie has renewed its down-trend but has stalled at the 1.0275 level and could now be beginning to recover again and move higher, although the trend-line continues to inhibit upside at around 1.0315. A break above the trend-line would be a strong bullish sign with a move above the 1.0371 adding confirmation and establishing a bullish reversal in peak and trough progression with an eventual target at 1.0500. Alternatively given the larger bearish trend, a continuation lower is also possible with a break of 1.0230 lows confirming the down-trend and targeting 1.0165.



    EUR/USD: Bounce Possible

    The EUR/USD pair has fallen to a cluster of strong support including the 200-4hour moving average, a trend-line and a neckline for a possible H&S top. The downward pressure seems to have eased today and there is a reversal pattern breaking on the hourly chart which could signal a bounce back up; with a break above 1.3395 targeting 1.3470. Alternatively any further downside could break through the neckline of a potential head and shoulders top and trigger a stronger downside move, although it would have to pierce below 1.3245 for confirmation of a move down to 1.2950.



    GBP/USD: Continuation Lower

    The GBP/USD pair is in a strong down-trend after breaking below the lower boundary line of the multi-year triangle 4 days ago. This break is likely to hold and indicates lower prices to come. There is little support under the current level until we get to the monthly pivot and the support and resistance line at 1.5260 where the pair is likely to pause and consolidate. Any recovery rallies will probably reach resistance at 1.5560-1.5600, from where there is a strong possibility they will roll-over and resume their down-trend.



    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 Fored 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. #228

    Exclamation Forex Technical Analysis By Forex4you 19th February 2013

    EUR/USD: Moving Sideways

    Eurodollar continues to consolidate in a narrowing sideways pattern as noted yesterday. It is supported by the 200-4hr MA, a trend-line and the neckline of a possible H&S pattern. The greater trend is still up and a break above the 1.3395 highs would indicate a recovery higher, targeting the 1.3480 level. A lot of support underpins price including the 50-day MA at 1.3270, and so it would require a move below this and the trend-line at 1.3245 for bearish confirmation of follow-through selling lower, with 1.2950 then in focus.



    USD/JPY: Consolidating at Highs

    The USD/JPY pair continues to consolidate in a range. The overall trend is up so there is a possibility of an bullish breakout. The Chaiken Money Flow Index is showing a possible bullish break of its down-trend-line. A decisive move above the 94.43 highs would give confirmation and trigger an upside target at the 96.60 level. Alternatively it is also quite possible the pair could break down, with a move below support at 92.17 probably leading to a stronger move down to 90.00.



    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,
    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.

  9. #229

    Exclamation Forex Technical Analysis By Forex4you 20th February 2013

    GBP/USD: Bearish Continuation

    Cable is in a strong down-trend which will probably continue until it reaches the next target down at the 1.5260 where major support and resistance level and a clustering of a monthly and a weekly pivots lie, further reinforcing support. The pair will probably pause at this level before continuing lower. A decisive break below 1.5200 might signal a major bearish continuation towards the target from the multi-year triangle at 1.3000.



    EUR/USD: Bullish Break

    Yesterday's narrow sideways range eventually led to a break out which broke through the down-sloping trend-line. There is an immediate upside target of 1.3480 but eventually also 1.3515 – the target from the breakout. If the pair falls back down, however, it will probably re-touch the 1.3220 lows, but the thick clusters of support underneath are likely to inhibit further downside.



    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.

  10. #230

    Exclamation Forex Technical Analysis By Forex4you 25th February 2013

    AUD/USD: On Trend-Line Support

    The pair has fallen to support from a major trend-line and the monthly pivot at 1.0240. It has consolidated at this level and there is a chance it could rebound from here. There is a possibility of a move up to the top of the range at 1.0365 next although the monthly pivot continues to resist at 1.0340, after that a break of the highs would target 1.0500. Alternatively a break below 1.0215 could usher in a strong bearish phase leading to a move down to 0.9530.



    EUR/USD: Channeling Down

    The pair has been channelling down since the start of February. It has just reached the lower line of the channel and the monthly pivot and has rebound. It will probably bounce back up to the upper channel line at 1.3300 next, with further tougher resistance also at 1.3330. Eventually it will probably resume its down-trend, however, with the key 1.2950 level marked as a probable downside target for the move.



    GBP/USD: Major Support Breached

    Cable has broken decisively below the major support and resistance line at 1.5275 and has gapped down this morning – both very bearish signs. The exchange rate has slowly recovered this morning and re-filled the gap but it will probably now resume its descent and go lower, with the next target lying at around 1.4915, and a strong move lower targeting the monthly pivot at 1.4855.



    Analysis By: Forex4you Analyst - Joaquin Monfort.

    Markets4you is a daily financial video-cast 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,
    Online Forex Trading India
    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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