Forex Technical Analysis Archive

  • EURUSD: Struggling To Recover Higher

    EURUSD: Struggling To Recover Higher

    EURUSD: Risk of a recovery higher continues to develop as the pair saw a halt in its nearer term weakness the past week. This development now leaves the EUR angling for further recovery towards its Aug 18′10 high at 1.2921. Further out, resistance is located...

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  • GBP/USD – Approaching Sell Zone

    GBP/USD – Approaching Sell Zone

    Today’s daily chart exemplifies the recent volatility of the sterling. When bearish, the sterling has had between 6-10% selloffs. The recent uptrend from the end of May till mid August has stalled. Currently price action is testing the 23.6% retracement level and our 200 day...

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  • USD Certain To Bounce Back Ahead Of Weakened JPY

    USD Certain To Bounce Back Ahead Of Weakened JPY

    The yen pared gains on speculation Japanese officials will act to halt an advance in the currency that is imperiling the nation’s export-led economic recovery. Japan’s currency retreated from a five-week high against the euro after Finance Ministry and Bank of Japan officials met to...

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  • Downtrend On Short Term Looks Certain For U.S. Dollar

    Downtrend On Short Term Looks Certain For U.S. Dollar

    The hedge fund that bought the euro in June just as it began a 9.7 percent surge against the dollar, now says it’s almost time to get out of the currency. The firm, which manages $8 billion in assets, expects the euro’s advance from a...

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  • Eur/Usd: A Critical Day

    Eur/Usd: A Critical Day

    We will see today who is going to win, bulls or bears. Mysteries of stress tests are going to end today. Briefly markets have carried a positive atmosphere till today .The parity is still under very strong and serried resistance levels. While the parity shows...

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  • Daily Forex Update: GBP/CHF

    Daily Forex Update: GBP/CHF

    The short-term intraday time frames for the GBP/CHF have started to transition to more sideways market cycles. This comes after a month-long sell-off on the daily time frame, which carried prices down to a double-bottom with lows at 1.5790 and, during Monday’s session, 1.5833. These...

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  • Weekly Forex Update: USD/CHF

    Weekly Forex Update: USD/CHF

    The U.S. Dollar/Swiss Franc (USD/CHF) has been steadily trending lower, with the Swiss Franc gaining on a weakening U.S. dollar. After the July 8 low at 1.0480, prices rose steadily to current levels above the 1.0600 level. This is the first significant sign of Swiss...

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  • EUR/JPY Bullishness Continues

    EUR/JPY Bullishness Continues

    The euro is off to good start this month. The euro yen has a rally that has formed an upward channel. Our 4 hour chart shows that price action continues to trade above both our 200 and 100 day simple moving averages. If no news...

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  • IMM Positioning – Positioning Risk On EUR/USD Eases

    IMM Positioning – Positioning Risk On EUR/USD Eases

    During the week covered by the latest IMM positioning data, USD has weakened more than 2% in effective terms, with EUR/USD breaking well above 1.26 in summer-thin trading and with USD/JPY dropping below 87. The broad-based USD weakening has coincided with speculative investors trimming their...

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