Outlook: EUR rose abv 1.4400 briefly last week but then pulled back hard again. Still, it is above the important 1.4045 level so the bearish near-term scenario shown on the chart is not confirmed yet. The immediate pressure is on the downside (as the daily oscillators point lower) but until we see a move below aforesaid level, there is still a chance that... read full article
Outlook: GBP has broken below 1.6055 level and that is a strong confirmation that wave (g) on the chart above has already ended. Now, if the trend is lower, the prices are likely to remain below 1.6050/1.6100 area when there is a rally attempt. On the downside, our next objective is at 1.5680 but ultimately we expect weakness twd at least 1.5260 before a more sizable move up can take place. Thus, we remain bearish... read full article
The CABLE corrected higher yesterday but 1.6000 resistance area held. Because of this I keep my bearish intraday outlook intact. The forecast is neutral in the near term. As you can see on my hourly chart below price is still moving inside a minor bearish channel and only a violation to the bearish channel and clear break above 1.6000 can stop the current strong bearish intraday outlook possibly testing 1.6070 - 1.6100. A clear break... read full article
Pre EU Open Analysis (FxPro)
2011-06-27
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.4200.
Most Likely Scenario: SHORT positions below 1.42 with targets @ 1.407 & 1.399.
Alternative scenario: The upside penetration of 1.42 will call for 1.425 & 1.431.
Comment: The pair has broken below its rising trend line and should face further weakness.
Trend: ST Ltd Upside; MT Range... read full article
EURUSD (Trend Recognition)
Update for: 2011-06-27 - 2011-07-03
Short-Term Trend: weak uptrend
Outlook: EUR rose abv 1.4400 briefly last week but then pulled back hard again. Still, it is above the important 1.4045 level so the bearish near-term scenario shown on the chart is not confirmed yet. The immediate pressure is on the downside (as the daily oscillators point lower) but until we see a move below aforesaid level, there is still a chance that... read full article
GBP/USD: Short Term Outlook (Trend Recognition)
2011-06-27
GBPUSD
Update for: 2011-06-27 - 2011-07-03
Short-Term Trend: downtrend
Outlook: GBP has broken below 1.6055 level and that is a strong confirmation that wave (g) on the chart above has already ended. Now, if the trend is lower, the prices are likely to remain below 1.6050/1.6100 area when there is a rally attempt. On the downside, our next objective is at 1.5680 but ultimately we expect weakness twd at least 1.5260 before a more sizable move up can take place. Thus, we remain bearish... read full article
FXONE
Pre US Open Analysis
2011-06-27
EUR/USD INTRADAY: REBOUND.
Pivot: 1.4105
Most Likely Scenario: Long positions above 1.4105 with targets @ 1.425 & 1.431 in extension.
Alternative scenario: Below 1.4105 look for further downside with 1.407 & 1.399 as targets.
Comment: The pair failed to accelerate on the downside and has rebounded on its support, a further up move is likely... read Pre US Open Analysis
FXONE
Daily Forex Analysis: Cable (Fx-insights)
2011-06-28
The CABLE corrected higher yesterday but 1.6000 resistance area held. Because of this I keep my bearish intraday outlook intact. The forecast is neutral in the near term. As you can see on my hourly chart below price is still moving inside a minor bearish channel and only a violation to the bearish channel and clear break above 1.6000 can stop the current strong bearish intraday outlook possibly testing 1.6070 - 1.6100. A clear break... read full article
FXone