Forex4you Technical Analysis

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Forex4you Technical Analysis 13/09/10

EUR/USD: Technical Analysis

This pair remains range bound and will probably continue so for some time. The strong rally today is probably a correction of the move down from the 6th September, of which it has retraced the standard 61.8% so there is a chance of an imminent roll-over occurring. Although a small continuation to the 50 Day MA at 1.2855 is also possible. When the next leg down starts it may reach 1.2735 initially and then perhaps trend-line support at 1.2720. After several more days the sideways market will probably end, giving way to a higher degree decline which should make new lows.

AUD/USD: Technical Analysis

For this pair, the April 0.9353 highs are important because if they hold then prices should roll over soon and a major decline could reach 0.89 first and then probably lower. A break above would imply a more bullish outlook particularly if the 0.9405 highs are also broken. It is more likely, however, that prices will fall before breaching either.

Analysis by: Forex4you.com written by Joaquin Monfort

Forex4you analyst

Disclaimer:

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

Forex4you Technical Analysis

EUR/USD: bouncing off 200-day

The EUR/USD pair has broken out from the triangle on the daily chart and fallen to the 1.38s. Whilst overall I am bearish, price has bounced this morning after hitting formidable support from the 200-day MA and the major trend-line from the June '10 lows. The bounce has already taken it to 1.3960 and it is possible it could go higher, as there is no sign of weakening yet. Targets to the upside include 1.4000 and then 1.4150. Point and figure targets are still pointing down at 1.3795 and 1.3700 and once the rebound has run its course I foresee a probable bearish decline to the lower 1.30s at least.

https://lh3.googleusercontent.com/-dKskEEy7q1k/Thwemu205PI/AAAAAAAAAUE/J2bxvRiKnhA/s640/EURUSD120711.png

Forex

Analysis by: Joaquin Monfort

Forex4you analyst

Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

Forex4you Technical Analysis 16 Feb 2012

EUR/USD: Technical Analysis

Forecasts, expecting further decline to 1.3040/00 level confirmed. The price is currently testing 1.3000 support, mentioned earlier as the key barrier on the way down. Indicators are "bearish", so the above mentioned level may be breached anytime soon. If it happens, we'll have good reasons to anticipate a medium-term reversal down with the next targets found at 1.2900/10 and then at 1.2830/40 level. It's also worth noting, that the support, which is now being tested is strong enough to hold back the "bears" for quite a while. Reversal up, towards 1.3170/1.3200 range will cancel the "bearish" scenario.

Analysis by: Joaquin Monfort

Forex4you analyst

Disclaimer:

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

Forex4you Technical Analysis 08 November 2012

EUR/USD: Technical Analysis

The EUR/USD pair has broken down below the key 1.2762 lows and is now swiftly moving down. It will probably continue to go lower until it hits the next target at the 100-day MA at 1.2630, with more support also at 1.2600.

Analysis by: Joaquin Monfort

Forex4you analyst

Disclaimer:

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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