Page 5 of 25 FirstFirst ... 3456715 ... LastLast
Results 41 to 50 of 243
  33 33 Attachment(s)    

Thread: Forex Technical Analysis By Forex4you

  1. #41

    Default Forex4you Technical Analysis 06/12/10

    EUR/USD: Technical Analysis

    The price not only tested, but also breached level 1.3310/00, mentioned previously. Then the price met a strong resistance at 1.3420/10, which is a bit below level 1.3460/50, the key resistance on the way up. Having pulled back, the trading is currently carried on close to support 1.3310/00. Attempts to breach down trend channel line (red lines) failed, which suggests the "bearish" moods and a possible reversal to a down trend. Indicators suggest this reversal too, indicating further possible decline to 1.3200/1.3190 as a part of correction to the previous growth. A lower decline will give reasons to expect a reversal to the "bearish" trend - the price may then fall to the new local minimum, around level 1.2960/70. Level 1.3460/50 -1.3490 breakout is still considered a signal to more significant changes in the market.



    GBP/USD: Technical Analysis

    The price reached resistance level 1.5750/60, mentioned earlier, and even went a bit higher, to 1.5780, but it didn't manage to fix there, so it puled back and now resides at 1.5700/10. Indicators are turning downwards, giving reasons to doubt of the "bullish" potential. If a decline proceeds to level 1.5650/60, it will be considered a correction to the recent growth. If the trading goes below 1.5650 with the following fixation, we'll be expecting possible supports levels 1.5580/90 and then 1.5520 tests. Until the price falls beow 1.5650/60, the scenario for growth is a higher possibility.



    EURJPY: Technical Analysis

    The exchange rate for the EUR/JPY failed to break the neckline of the Head and Shoulders pattern on the hourly chart and instead rebounded off the 111.00 highs to below the range lows at 109.85, finding support at a slanting channel line connecting the lows within the range. Price has posted a reversal hammer candlestick on the 50min chart and although it is a little too early to say this might be an opportunity to enter a small long position with a tight stop in an attempt to ride the rally back up into the range. An initial objective for a rally would be the monthly pivot at 110.80 or even slightly higher than the recent highs in the 111.00s. From an Elliot perspective we may have just completed wave 4 and be rallying up in wave 5 of the wave which started at the 30th November lows.




    Analysis by: Forex4you.com written by Joaquin Monfort
    Forex4you analyst

    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 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.

  2. #42

    Default Forex4you Technical Analysis 07/12/10

    EUR/USD: Technical Analysis

    The euro-dollar pair has risen overnight in a weak rally back up to the underside of the important trend-line from the June lows. This might be a 5th wave in Elliot terms. If it extends higher then it will probably surpass the old highs and reach around the 1.3440s but a more modest target might be the monthly pivot at 1.3415. After that a strong move down may follow if the trend down resumes. Due to the weakness of the rally in comparison with the prior move it is also possible that the exchange rate will begin falling sooner, with a downside target of 1.3240 initially and then perhaps 1.3210.




    Analysis by: Forex4you.com written by Joaquin Monfort
    Forex4you analyst

    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 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.

  3. #43

    Default Forex4you Technical Analysis 08/12/10

    EUR/USD: Technical Analysis

    Assumptions that risistance 1.3410/00 was strong enough to withstand the "bullish" attacks turned out to be correct. The price didn't manage to pass this barrier, so it currently resides at 1.3190/80. Indicators suddently changed their readings in favor of a downward movement, which gives reasons to expect further possible decline. The current fall will probably reach support 1.3150/40, which breakout would indicate the "bearish" potential. If the barrier is easily breached, we'll be expecting new minimums to be tested at 1.2960/70 in the nearest future. A return above 1.3320/30 suggests a reversal to the "bullish" trend.


    GBP/USD: Technical Analysis

    The price got close to the key resistance 1.5850/40, but then pulled from level 1.5820 and reversed to decline. Having tested level 1.5670/60, the trading is pulling back up and is currently carried on at levels 1.5700/10. Seems like the assumptions of the previous analysis, that a fall below support 1.5710/00 would give reasons to expect a reversal to growth for a medium-term, are starting to be realised. Indicators reversed down, which gives even more reasons to expect this reversal. Support level 1.5650 breakout will be one more signal for that. It's worth taking into account that support 1.5650/40 is rather strong, which makes a big pullback upwards to the last local maximum 1.5820/30 with further reversal to decline quite a possibility. Resistance level 1.5840/50 breakout will indicate the "bullish victory".



    EUR/JPY: Technical Analysis

    This pair rallied up to the top of the range and the monthly pivot at 110.80. It is currently pushing against these resistance highs and indications remain quite bullish. There appears to be a triangle unfolding sideways at these same highs which may be breaking out at the moment and it could thrust up to perhaps 111.55 or thereabouts. There is also a slanting inverted head and shoulders pattern on the 4-hour chart which is breaking its neckline currently and could reach a target of 114.15. However, a move back down to the bottom of the triangle at 110.65 is also possible before any further action.



    Analysis by: Forex4you.com written by Forex4you analyst

    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 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.

  4. #44

    Default Forex4you Technical Analysis 09/12/10

    EUR/USD: Technical Analysis

    The price didn't make it to support 1.3150/40 and started its growth on trades from level 1.3170. But having failed to breach resistance 1.3320/30 it's pulling back at the moment, so the trading is carried out at levels 1.3200/10. Indicators suggest the "bearish" moods, which makes yesterday's scanario - support level 1.3150/40 test - quite a possibility. This level breakout will reveal the "bearish" potential will- a fast breakout will initiate minimums 1.2960/70 tests in the near future, a failure to breach this barrier will result in a sideways correction. Resistance breakout at 1.3320/30 will trigger a reversal to the "bullish" trend.



    GBP/USD: Technical Analysis

    Assumptions of a possible surprise factor in the pair - a pullback upwards to the recent local maximums at 1.5820/30 - turned out to be correct. After a rapid ascension and key resistance 1.5850/40 test the price is pulling back downwards and currently resides at 1.5770/80. The second part of yesterday's scenario seem to be realized and the pair will recommence its decline to support levels 1.5500/1.5470. Nevertheless, to make it happen, the "bears" have to pass a lot of supports and one of them - level1.5780/70 - is being tested at the moment. Indicators give reasons to expect this level to be breached, so the price will descend to the next strong level - 1.5710/1.5690. The next on the way are supports 1.5650, 1.5590, 1.5530. A signal for the "bullish" possible strength is the same resistance 1.5840/50 breakout.



    EUR/JPY: Technical Analysis

    This pair reached highs in the 111.60s yesterday and has since fallen to resistance turned support at the top of the recent range at 110.60 and also the neckline of a sloping inverted H&S at the November 30 lows. It is quite probable that the exchange rate will revisit the 111.60 highs again. From an Elliot pattern perspective this pullback could be the wave 4 before wave 5 up. It might also be the pullback to the neckline of the inverted H&S with a move higher to 114.15 worth watching for.



    Analysis by: Forex4you.com written by Forex4you analyst

    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 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.

  5. #45

    Default Forex4you Technical Analysis 13/12/10

    EUR/USD: Technical Analysis

    The "bears" didn't manage to breach support 1.3150/40, like it had been previously assumed, so, the sideways movement continued. The trading is currently carried out at 1.3210/20. Indicators are "bearish", thanks to SS, though both R% and MACD suggest further consolidation within the range 1.3310 1.3150/40 as a higher possibility. Support 1.3150/40 breakout will most likely initiate new minimums test at 1.2960/70, with a possible stop near support 1.3050/60. A reversal to the bullish scenario will take place in case resistance 1.3320/30 is breached.



    GBP/USD: Technical Analysis

    Assumptions about the range trading between 1.5840 1.5720/10, mentioned in the previous analysis proved o be true. Having tested level 1.5840/50, the price returned downwards; it currently resides very close to the support of this range, trading at level 1.5730/20. Indicators are turned downwards. Earlier forecast is still relevant - if the upper border of this range - level 1.5840 - is breached, we'll be expecting critical changes in the market moods to the "bullish". Falldown below 1.5710 will open the way to the new minimums, though levels 1.5650, 1.5590, 1.5530 are going to be rather challenging for the "bears". For now, further "bearish" trend is considered a higher possibility.



    EUR/JPY: Technical Analysis

    This pair bounced off resistance-turned-support at 110.50 towards the end of last week and has been rising steadily since. It is approaching the recent highs at the 111.60 mark and it ought to get as far as them, if not slightly higher. This is perhaps an Elliot wave 5 of the move up from the December 7 lows and once finished it should complete the impulse. Right now it looks like it is falling a little, but this is probably only a correction back to 111.20 perhaps - before a final thrust higher to 111.70 or thereabouts.



    Analysis by: Forex4you.com written by Forex4you analyst

    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 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.

  6. #46

    Default Forex4you Technical Analysis 15/12/10

    EUR/USD: Technical Analysis

    Key resistance 1.3450/60 proved its strength and didn't let the price go further, so it returned to a decline. Indicators are turning down, though the readings are still unclear and vague. Considering this fact, we recommend to be cautious regarding future outlook. Fall and fixation below 1.3320/10 will initiate further decline to 1.3150/40 with a possible fall to the lower supports at 1.3050/60, 1.2980/70. Reversal up, above 1.3400/10 means that the "bullish" potential is still there. If so, we'll be expecting new attempts to rise above 1.3450/60.



    GBP/USD: Technical Analysis

    Attempts to go beyond level 1.5900/1.5890 failed, so the price returned to 1.5710. This level has been quite a good support recently, as well as today - the level has prevented the "bears" from further decline, so the price bounced to 1.5340/45, where it currently resides. Indicators suggest a downward movement. In this case it's worth considering support 1.5310/00 breakout as a signal to further decline to minimums at 1.5480/90, with possible stops at 1.5650, 1.5590, 1.5530. A reversal to the "bullish" trend is only possible if the trading rises above resistance 1.5840.



    USD/JPY: Technical Analysis

    Reversal below support 83.90 triggered not only further decline to 83.40, but also initiated a plunge to 82.90/80. This support has stopped the "bears", so the trading is now carried out at 83.80/95. To proceed with their growth the "bulls" have to pass a challenging range 83.95 84.40. Indicators are being unclear, which suggests a possible sideways correction with support at 83.60/50. The breakout of the above mentioned key resistance will give reasons to expect growth to 84.80/85.00. Level 83.40/30 breakout is likely to initiate a new fall to level 82.80/90 .



    Analysis by: Forex4you.com written by Forex4you analyst

    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 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.

  7. #47

    Default Forex4you Technical Analysis 16/12/10

    EUR/USD: Technical Analysis

    Support 1.3320/10 breakout suggested realization of further down trend scenario. The price plunged towards resistance level 1.3220/30, where it still consolidates. Indicators are turned down, giving more reasons to expect a decline, the trading is very likely to sink towards 1.3150/40. There is also a high possibility that a down trend expands to supports 1.3050/60, 1.2980/70. At the same time, it's worth noting, that the support level, which is being tested at the moment has already proved its strength recently, so we recommend to consider sideways consolidation within 1.3300/10 1.3220 as well. Reversal above 1.3400/10 and attempts to breach resistance 1.3450/60 will indicate the "bullish" potential.




    Analysis by: Forex4you.com written by Forex4you analyst

    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 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.

  8. #48

    Default Forex4you Technical Analysis 20/12/10

    EUR/USD: Technical Analysis

    Forecast about the upcoming correction to growth proved to be correct, though a decline was continious and the price met support only at level 1.3150/40. Currently, the trading is carried out at 1.3160/70. Indicators are turned down, suggesting to expect the "bearish" trend as a higher possibility. So, a decline is likely to continue, with the next support seen at 1.3050/60. Nevertheless, level 1.3150/40 seems to be strong enough to hold back a decline for quite a long time, which gives reasons to expect further correction within the range 1.3200/1.3180 1.3150/40. The alternative scenario - level 1.3400/10 - 1.3450/60 breakout with the following fixation above- will be a signal to changes in the market moods.



    GBP/USD: Technical Analysis

    Minimums at 1.5480/90 were tested like it had been expected and the price took another attempt for further decline, only touching level 1.5450. Then the price retraced upwards and is currently consolidating around levels 1.5540/50. Indicators seem to be turning up, though it can only be seen at R%. The growth may continue, and the biggest progress will be made at resistance 1.5650/60. Reversal to a down trend from the current levels is also a possibility and level 1.5480 breakout will initiate a decline to the next support at 1.5400/10. Significant changes in the market moods and further growth will only take place in case the price breaches level 1.5710/20 and fixes above.



    Analysis by: Forex4you.com written by Forex4you analyst

    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 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.

  9. #49

    Default Forex4you Technical Analysis 21/12/10

    EUR/USD: Technical Analysis

    Yesterday EUR/USD fell to support at the 200 day MA and the monthly pivot at around 1.3095. From there it has bounced, probably in an Elliot 4th wave back up to 1.3200 and since begun to turn lower, perhaps at the beginning of the 5th wave down this morning. It will probably return to match the 1.3095 lows before possibly another bounce back up to 1.3200.



    GBP/USD: Technical Analysis

    The pair is trading sideways and the price remains within the range, limited by the levels 1.5570/80 1.5480. The trading is currently carried out at 1.5550. Indicators are being unclear and don't show any particular direction, which makes the outlook rather vague. Thus, it would be a good idea not to make any hasty decisions and wait till the price escapes from a given range. The upsurge will indicate further growth to resistance 1.5650/60, a fall below 1.5480 will initiate a decline to the next support 1.5400/10. It's worth watching SS at the moment - its escape from the over-sold zone suggests the "bullish" sentiment.



    USD/JPY: Technical Analysis

    Assumptions of the last comment rpoved to be correct and the price failed to breach resistance range 83.95 84.40, suggesting further sideways movement. The price currently resides at 83.60/50, which is considered a support level for this consolidation range. Indicators don't suggest any particular direction, which makes further correction within a given range quite a possibility. Even if support 83.50 is breached, a decline won't last long and go beyond support 83.30. Resistance 83.95-84.40 breakout, on the other hand, will trigger growth to the target level 84.80/85.00.



    Analysis by: Forex4you.com written by Forex4you analyst

    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 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.

  10. #50

    Default Forex4you Technical Analysis 22/12/10

    GBP/USD: technical analysis

    A fall below 1.5480 promoted the "bearish" movements in the market and the price continued to decline, reaching level 1.5420/30, though it currently resides at 1.5440. Target 1.5410/00 hasn't been reached yet, but there are reasons to expect it anyway, regarding the present situation. Indicators suggest the "bearish" trend, MACD, on the other hand, is forming "bullish" divergence. So it's worth considering a large-scale pullback upwards as well. Growth above resistance 1.5530/20 will be a signal to the pullback.



    EUR/JPY: technical analysis


    Yesterday the exchange rate dropped to support at the 109.50 lows as predicted. The bounce from there was short-lived and this morning we had falling prices once again which have reached 109.70 so far and will probably find support at 109.50 again. From there, there could be another bounce, perhaps to 110.00, which could complete the E wave of a triangle (which began at the lows of the 20th ). If so then ultimately we could see much lower prices after the triangle breakout, reaching perhaps down to the old lows at 108.40. Alternatively there may be a break to the upside targeting the 110.80 highs at the monthly pivot again.



    EUR/USD: technical analysis

    The "bears" were lucky yesterday and almost tested level 1.3050/60, reaching 1.3070. Then, a pullback followed, bringing the trading back to level 1.3150, which has become a strong resistance. The price is currently rebounding downwards and consolidating at 1.3130/20. Indicators are turned down, though R% registered the surge of growth. With no significant changes made, previous assumptions are still relevant - support 1.3050/60 is likely to be tested or even breached in the near future, which suggests risks for further decline to 1.2970/80. At the same time growth to 1.3230 or even to 1.3300/10 is a possibility, though it may commence from the current levels as well.



    EUR/USD: technical analysis

    The EUR/USD pair fell to support just below the 200 Day MA at 1.3075 yesterday evening and then bounced as expected. It is still rallying and could be expected to reach 1.3200 perhaps where the exchange rate will touch the upper channel line of the move down since the 17th. After that there is a possibility of another reasonably strong sell off, back down to the recent lows at 1.3075 perhaps.



    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 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.

Similar Threads

  1. Re: Forex Technical Analysis by IFC Markets
    By Akriti in forum Technical analysis
    Replies: 25
    Last Post: 10-25-2013, 11:17
  2. Re: Forex Technical Analysis by IFC Markets
    By Akriti in forum Technical analysis
    Replies: 1
    Last Post: 09-13-2013, 12:45
  3. Forex Technical Analysis by IFC Markets
    By Akriti in forum Technical analysis
    Replies: 4
    Last Post: 09-12-2013, 09:24
  4. Forex Technical Analysis by IFC Markets
    By Akriti in forum Technical analysis
    Replies: 0
    Last Post: 07-26-2013, 12:35
  5. Can I make money in forex through technical analysis?
    By james_smart in forum Technical analysis
    Replies: 1
    Last Post: 12-26-2009, 00:33

Tags for this Thread

100, 2011, adx, analysis, average, breakout, broker, candle, candlestick, change, channel, closing, color, comparison, copy, currency trading, daily forex analysis, demo, divergence, eur, eur/usd, eurjpy, eurusd, expert, experts, fibonacci, forecast, forex, forex accounts, forex analysis, forex broker, forex forecast, forex indicators, forex technical analysis, forex tips, forex trader, forex trading, forex training, forex4you, forex4you analysis, fx trading, gbp, gbpjpy, gbpusd, gold, high, high volume, historical, ichimoku, index, indicators, investment, level, low, macd, main, managed, managed accounts, managed forex accounts, moving average, mql, news, nzd, offer, online, pivot, price action, profit, real, research, resistance, review, rsi, sales, short term, signal, signals, stocks, stop, support, system, systems, technical analysis, test, time, trader, trading, training, trend, upside, usd, usd/cad, video

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •