Posts Tagged “entered”
Although the single currency slipped to as low as 111.35 last Friday, as price just held above indicated stop-loss level at 111.30 and staged a rebound from there, retaining our bullishness for further gain to 114.00. View full post on Forex Trading Ideas
The single currency has traded narrowly and further consolidation would be seen but as long as indicated minor support at 0.8490 (just below the current trendline support) holds, prospect of another rebound remains. Above 0.8645/50 (previous minor support) would signal the fall from 0.8774 has ended and then choppy consolidation within 0.8428-0.8810 would continue but [...]
Failure to extend intra-day retreat from 1.4361 suggests further consolidation would be seen and said resistance must hold to retain bearishness for another fall to 1.4260, a break below there would bring retest of recent low at 1.4228, however, below there is needed to confirm recent decline has resumed and extend weakness to 1.4160/70 but [...]
Although the greenback resumed recent upmove after finding renewed buying interest at 1.1419 (we entered long here at 1.1435) as expected and gain towards 1.1600 cannot be ruled out, loss of near term upward momentum should prevent sharp move beyond 1.1650/60 and risk has increased for a correction later today or tomorrow. View full post [...]
Despite intra-day brief drop to 1.1419, as the greenback has rebounded, suggesting consolidation with upside bias remains but break of resistance at 1.1533 is needed to confirm upmove has once again resumed and extend gain to 1.1558 (1.236 times projection of 1.0732 to 1.1245 measuring from 1.0924), however, 1.1600 should hold on first testing. View [...]
Despite intra-day rebound to 1.2415 (we entered short at 1.2405), as price has retreated from there, retaining our bearishness and as long as this level holds, consolidation downside bias remains, however, break of intra-day low at1.2234is needed to signal downtrend has once again resumed and extend weakness to 1.2200. View full post on Forex Trading [...]
Despite intra-day brief rise to1.4509, as cable has retreated after running into offers there, retaining our bearishness and as long as this level holds, consolidation with downside bias remains and a firm breach below minor support at 1.4385/90 would signal intra-day top is formed and then weakness to 1.4340/50 would follow but support at 1.4249 [...]
Despite intra-day fall from 1.1446 to 1.1298, as dollar has rebounded after finding support there, retaining our bullishness for gain to 1.1400, however, break of said resistance at 1.1446 is needed to confirm upmove has resumed to 1.1490/00 but near term loss of upward momentum should limit upside to 1.1558 (1.236 times projection of 1.0732 [...]