Forex Signals - Free Forex Trading Forecasts and Signals » Technical

Weekly Technical Update: Greenback Tries to Fight Back

admin — Sat, 10 Jul 2010 06:50:10 +0000

The 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. Other USD-crosses look to be View full post on Technical Analysis

Weekly Technical Update: Greenback Showing Weakness, Euro Hanging Tough

admin — Sat, 03 Jul 2010 00:07:12 +0000

There 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/USD pair is attempting to View full post on Technical Analysis

EUR/CHF Bullish Technical Pattern

admin — Wed, 30 Jun 2010 20:01:31 +0000

Reports 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 the first they did that View full post on Technical Analysis

Weekly Technical Update: Yen Outperforms Greenback

admin — Sat, 26 Jun 2010 02:55:15 +0000

This 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 better. Commodity currencies such as View full post on Technical Analysis

Weekly Technical Update: A Test of Risk Appetite

admin — Fri, 18 Jun 2010 15:29:27 +0000

After 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 held its ground after 2 View full post on Technical Analysis

Weekly Technical Update: EUR/USD Leads in Completing Consolidation

admin — Fri, 04 Jun 2010 21:14:21 +0000

The 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 this context, pairs such as View full post on Technical Analysis

Technical Analysis Daily: EUR/USD

admin — Sat, 29 May 2010 12:57:29 +0000

After 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 downward trend has stopped. Break View full post on Technical Analysis

FX Technical Analysis

admin — Sat, 29 May 2010 07:22:36 +0000

EURUSD 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 Analysis

Technical Analysis for Major Currencies

admin — Sat, 29 May 2010 04:58:09 +0000

The 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 the pair to touch View full post on Technical Analysis

Weekly Technical Update: Consolidation and Some Return to Risk and Commodities

admin — Fri, 28 May 2010 20:28:56 +0000

Last week, there was a slide in commodity related currencies, and risk correlated pairs. The Japanese yen and US Dollar were beneficiaries of this environment. This week, we saw this dynamic reverse a bit. Still, this may still be just consolidation setting up for continuation. On the other hand, it View full post on Technical Analysis