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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Analysis Archive
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AUD/USD Candlesticks and Ichimoku Analysis
Posted on June 9, 2010 | No CommentsDespite falling to 0.8089 yesterday, the Australian dollar did hold above indicated support at 0.8066 and has recovered, retaining our view that further consolidation within 0.8066-0.8552 range would be seen and recovery to the Tenkan-Sen (now at 0.8317) is likely, above would bring rebound to... -
GBP/USD Elliott Wave Analysis
Posted on June 1, 2010 | No CommentsAlthough the British pound recovered after holding above recent low at 1.4228, as the price action from there still looks corrective in nature, suggesting upside would be limited to 1.4781 (previous support level) and bring another decline later. View full post on Forex Trading Ideas -
Technical Analysis Daily: EUR/USD
Posted on May 29, 2010 | No CommentsAfter slowing down, the bearish trend weakened, and the Euro showed first signs of recovery on Thursday. Euro/Dollar appreciated from 1.2153 to 1.2394 yesterday, in converse with the Interbank sentiment projection, at around -12%, closing the day at 1.2359. On the 1 hour chart the... -
FX Technical Analysis
Posted on May 29, 2010 | No CommentsEURUSD Comment: Almost a ‘bullish engulfing’ candle yesterday just ahead of 1.2140, which is the mid-point of its range since introduced in 1999, though capped by the 9-day moving average. A daily close above this at 1.2407 might turn momentum bullish. View full post on Technical... -
Technical Analysis for Major Currencies
Posted on May 29, 2010 | No CommentsThe pair almost managed to achieve the key awaited target from yesterday at 1.2420, but support levels have halted this ascend – 38.2% Fibonacci and the minor ascending channel in addition to the MA 50 accompanied by overbought signs on Stochastic These factors could push... -
USD/CAD Candlesticks and Ichimoku Analysis
Posted on May 28, 2010 | No CommentsAlthough the greenback rallied according to our expectation, reached our indicated upside target at 1.0750, however, the currency pair ran into heavy offers just below indicated previous resistance at 1.0871 and retreated sharply from there, leaving a ‘shooting star’ candlestick pattern on the daily chart... -
Technical Analysis for Crosses
Posted on May 28, 2010 | No CommentsOur caught CD leg of the harmonic AB=CD formation was completed, taking the pair towards the technical objectives of yesterday’s reports. Currently, the pair formed bearish candlesticks pattern under the pressure of 161.8% Fibonacci level of BC leg; reviving that the bearishness might dominate the... -
GBP/JPY Elliott Wave Analysis
Posted on May 25, 2010 | No CommentsSterling dropped below support at 130.00 again and this move confirms the wave (ii) of iii has ended at 140.55 and wave (iii) of iii is now unfolding and would bring retest of 126.80, break there would extend to 125.00 and 124.60 (100% projection of... -
Daily Technical Analysis
Posted on May 20, 2010 | No CommentsThe EURUSD had a significant bullish momentum yesterday after worse than expected US CPI numbers and rumor about ECB intervention, topped at 1.2422 and closed at 1.2412 in a high volatile and tricky market. However earlier today in Asian session the Euro loss some bullish...