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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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Technical Archive
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Weekly Technical Update: Greenback Tries to Fight Back
Posted on July 10, 2010 | No CommentsThe USD was pressured to start the week, and continued further. However, it started to fight back against the JPY, and by Friday, it fought back across the board. The EUR/USD for example was projected to 1.2750 to start the week, and topped at 1.2720.... -
Weekly Technical Update: Greenback Showing Weakness, Euro Hanging Tough
Posted on July 3, 2010 | No CommentsThere continues to be risk aversion, but the greenback is not benefiting. The greenback started the week gaining, but lost its appeal towards the end of the week. The EUR/USD reflects this volatility. The euro had some surprising strength and with broad USD weakness, the... -
EUR/CHF Bullish Technical Pattern
Posted on June 30, 2010 | No CommentsReports have surfaced that the Swiss National Bank could tolerate the Swiss strengthening to 1.3000 against the euro. Time and time again intervening has not had high degree of success in preventing a currency from strengthening. If the SNB does intervene, it would not be... -
Weekly Technical Update: Yen Outperforms Greenback
Posted on June 26, 2010 | No CommentsThis week, the greenback started with a bang. However after the FOMC announcement, which puts a lid on interest hike prospects, dimmed the USD gains. By Friday, the USD has lost most of the gains from earlier in the week. The yen held its gains... -
Weekly Technical Update: A Test of Risk Appetite
Posted on June 18, 2010 | No CommentsAfter the market put on some risk last week, it spent this week fiddling. USD and JPY crosses as well as commodity related and growth related currencies were all tested this week. The Euro led this week in gains against the greenback. The Japanese yen... -
Weekly Technical Update: EUR/USD Leads in Completing Consolidation
Posted on June 4, 2010 | No CommentsThe market has been consolidating for the last couple of weeks. As the market consolidates, imbalances build up like potential energy, and when confirmations start working like a feedback mechanism, the market accelerates to another level where the bullish and bearish forces are balanced. In... -
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...