Archive For The “Forex Technical Analysis” Category
[WizardRSS: unable to retrieve full-text content] Price action on GBP/JPY (a 4-hour chart of which is shown) as of Tuesday (3/29/2011) has reached up to hit a downtrend resistance line extending back to the early March 135.18 high. This occurs right after price action broke out once again above 131.00 resistance. Forex Signals.com | Full [...]
About the Author FX Solutions IMPORTANT NOTICE: These comments are for information purposes only. Past results are not necessarily indicative of future results. Trading Futures, Options on Futures, and Foreign Exchange involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you [...]
The GBP/JPY did not break out of the flat pattern we saw it in yesterday. Instead, it is accelerating higher to about 61.8% retracement of the decline from 135.20 to 132.85. The market is ranging, suggesting that the bearish scenario we anticipated is on hold. There is no impulse wave development coming [...]
USDCHF: With a second week of declines after its collapse off the 0.9772 level seeing USDCHF breaking the 0.9297 level, representing its 2011 low to resume its long term downtrend, further weakness are likely in the new week. This will leave the pair targeting the 0.9200 level with a violation of that level [...]
[WizardRSS: unable to retrieve full-text content] No change in the longer term view in $/swiss, as the slowing downside momentum since last Oct is seen as a bigger picture bottoming, and with potential for gains all the way back to the bearish trendline since Nov 2005 (currently at 1.1500/50) after. But there are still no [...]
[WizardRSS: unable to retrieve full-text content] Since my last EUR/CHF update on January 19th, the pair attempted to breakout to the upside last Thursday, however since then there has been a series of technical indications to get bearish on EUR/CHF. As for the trade, we haven’t changed anything since the 19th See trade idea if [...]
About the Author FX Solutions IMPORTANT NOTICE: These comments are for information purposes only. Past results are not necessarily indicative of future results. Trading Futures, Options on Futures, and Foreign Exchange involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you [...]
We’re seeing a very interesting close to the week, with a plethora of interesting candlestick patterns worth close consideration. What do the technical tea leaves suggest is in store for the coming days and weeks? Today we’ll run through a series of charts as we saw a number of very significant developments [...]
[WizardRSS: unable to retrieve full-text content] EUR/CAD is continuing the long-term down trend inside the Down Channel chart pattern indented by Autochartist on the daily chart. This patter has a high Quality (8 bars) that comes as a result of the strong values of all the quality indicators that contribute to its value: Initial Trend [...]