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Thread: Forex Technical Analysis By Forex4you

  1. #51

    Default Forex4you Technical Analysis 23/12/10

    GBP/USD: technical analysis

    The price not only breached target level 1.5410/00, but passed beyond it, reaching level 1.5350/60. Then, the price rebound up and it's currently consolidating around 1.5400, at level 1.5390/80. Indicators suggest further "bearish" trend, although "bullish" MACD divergence gives reasons to be cautious and consider a possible large-scale pullback upwards. In this case, it's worth taking into account strong support at 1.5320/30, which has been holding back the "bears" for the whole August/September, but eventually triggered a reversal to a medium-term growth. If a decline continues now, this support will most likely become an insuperable hindrance for quite a long time. Growth above resistance 1.5530/70 will be a signal to a big pullback with the first target at 1.5650/60 and then - 1.5710/00.



    EUR/USD: technical analysys

    The pair repeated yesterday's scenario - having reached level 1.3070/80, it bounced upwards, testing resistance 1.3050/60, and then returned to decline. The trading is currently carried out at 1.3110/00. Indicators suggest a down trend. Since no significant changes have been made, the outlook remains the same - support 1.3050/60 is likely to be tested, and, in case of a breakout, the price may plunge even further, to 1.2970/80. Rebound upwards to 1.3230 and 1.3300/10 is also a possibility, even from the current levels.



    USD/JPY: technical analysis

    Support 83.30/40 has been holding back the "bears" for quite a long time, but this time it didn't, so the price declined to another strong barrier on the way down - level 82.80. Indicators turned down, suggesting further bearish trend. Support 82.80/90 breakout clears up the way to support 82.30 with a possible test of level 82.00. At the same time, currently tested level is strong enough to stop a decline, although reversal to growth is unlikely, at least for the near future.



    EU6 - volume profile analysis

    Hello, respected colleagues! The trades have been slack from the very beginning of the week, and my suggestion would be: buy on the "Europe", sell on "America". In fact, after each attempt to decline on the American session, the price immediately starts correcting to the opening prices. Today won't be an exception and new rotations in the range 1.307-1.318 will be tested. Level 1.308 is quite a good support for the "bulls", who want to play on a bounce. Being a "bull", I expect level 1.338 for a medium term, and the volume for action is enough. So, it's up to you. As for the fundamental front, it's worth paying attention to the American session - some significant data is coming out at the beginning of it, so volatility is quite a possibility.



    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. #52

    Default Forex4you Technical Analysis 27/12/10

    EUR/USD: technical analysis




    EUR/USD: structure analysis




    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. #53

    Default Forex4you Technical Analysis 28/12/10

    GBP/USD: technical analysis



    EUR/USD: technical analysis



    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. #54

    Default Forex4you Technical Analysis 29/12/10

    EUR/USD: technical analysis



    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. #55

    Default Forex4you Technical Analysis 30/12/10

    EUR/USD: technical analysis



    It seems that development in the US debt market has currently become the main driver for the stock market...

    Analysis 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 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. #56

    Default Forex4you Technical Analysis 03 January 2011

    EUR/USD: Technical Analysis

    The exchange rate has temporarily halted its rise and pulled-back from the highs reached at the end of last week. This correction is probably either an Elliot intermediate B wave before a C leg higher or a 4th wave but either way the decline is likely to stop soon and begin rising again. It could match the recent high or go slightly further to the 50 day MA at just above 1.3450. A stronger rally might be expected to reach the underside of the old trend-line from the June lows at around 1.3600. Just below that level is also the 50% Fibonacci line of the bearish move in November and the monthly pivot at 1.3590. There is also a chance the current pullback has not yet finished, however, and if so then another leg down could find support at 1.3200.



    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. #57

    Default Forex4you Technical Analysis 04 January 2011

    EUR/USD: Technical Analysis

    The current rally from the December 29 lows appears quite complete although the final wave which started yesterday would normally be expected to be longer. An old trend-line from the October highs appears to be preventing its progress however. It is quite possible the exchange rate will still rally a little bit higher to old resistance highs and the 50-day MA at around 1.3445 possibly even higher. Alternatively a correction from here would be expected to find support at the 1.3250 lows.



    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. #58

    Default Forex4you Technical Analysis 05 January 2011

    EUR/USD: Technical Analysis

    This pair rolled over from its highs in the 1.3430s yesterday and then fell to lows in the 1.3230s. It has probably reached a level now where it may begin correcting the decline and the move down looks complete. There is the potential for a counter-trend push back up to the 1.3320s before any further downside. The support and resistance levels and trend-line in the 1.3150 area could well provide a bearish target if there is a move down after that.



    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. #59

    Default Forex4you Technical Analysis 06 January 2011

    EUR/USD: Technical Analysis

    There is a strong possibility of the bounce from here. The exchange rate has reached trend-line support at the lows and there is every chance it may start to rally from here. From an Elliot wave perspective we still appear to be in wave 3 down with perhaps the beginnings of a wave 4. An initial target for the rally might be 1.3170 with a distinct possibility of a follow through to support and resistance at 1.3250 thereafter.



    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. #60

    Default Forex4you Technical Analysis 7 January 2011

    EUR/USD: Technical Analysis

    This pair has started a strong move down, breaking down below the November 30 lows at 1.2968 this morning. The new low is a key technical achievement and a very bearish sign. Currently the exchange rate is consolidating in a range at just above that level but it will probably go down further once the consolidation is complete. 1.3020 would be an initial target for the end of the rebound, although if it is particularly strong then the monthly pivot level at 1.3060 might be an alternative. After that there will probably be a further strong bearish move, initially targeting support and resistance at 1.2750.

    EUR/JPY: Technical Analysis

    The EUR/JPY pair continued to fall yesterday afternoon, breaking down out of the sideways consolidation and falling to lows of 108.06. From there it has found a temporary bottom and has been correcting the decline, reaching back up to 108.50. This is probably an Elliot 4th wave correction and judging by its length it should be nearing its end very soon. The next wave down (wave 5) could target 107.80 where the trend-line for the recent rally lies. There is also a small chance that the correction could extend higher first, targeting old channel-line resistance at 108.75, but after the trend down should resume.


    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.

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