Forex

Posts Tagged ‘bias’

EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.  Intraday: still hovers around trendline resistance in 0.8300/15 level on the daily chart. Keeping the bearish bias unless we close above it.

Ook interessant:

• Forex Technical Update (0)
• USD/CAD- Bears Are Slowing Down (0)

EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.  Intraday: braking above the trading range mentioned and capped by the 38.2 and hourly 200MA. Trendline resistance in 0.8300/15 level, keeping the bearish bias unless we close above it.

Ook interessant:

• Currency Crosses Pairs Analysis (0)
• Currency Crosses Pairs Analysis (0)

The EURUSD was volatile but indecisive yesterday. The bias is neutral in nearest term. From another perspective on h4 chart below we can see price is moving in a triangle formation indicating consolidation but the main scenario remains to the downside. Immediate support at 1.2620/30 region. Break below that area

Ook interessant:

• Currency Crosses Pairs Analysis (0)
• Forex Technical Update (0)

EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.  Intraday: No change from last week, keeps on sliding for a retest of Junes low in 0.8070 zone. Inmediate resistance found in 0.8200 - 0.8240 presents opportunities to short the pair for intraday purposes.

Ook interessant:

• Currency Crosses Pairs Analysis (0)
• Forex Technical Update (0)

EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.  Intraday: keeps on the bearish track towards Junes low in 0.8070 zone. Inmediate resistance found in 0.8200 - 0.8240 presents opportunities to short the pair for intraday purposes.

Ook interessant:

• Currency Crosses Pairs Analysis (0)
• Daily Technical Analysis (0)

EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.  Intraday: keeps on the bearish track towards Junes low in 0.8070 zone. Inmediate resistance found in 0.8200 - 0.8240 presents opportunities to short the pair.

Ook interessant:

• Currency Crosses Pairs Analysis (0)
• EUR/USD- Bears Are In Good Shape (0)

The EURUSD made another upside attempt yesterday, topped at 1.2726 but further upside pressure was still limited and traded lower around 1.2670 at the time I wrote this comment. The bias is neutral in nearest term and still within a bearish context but price is bouncing to the upside from

Ook interessant:

• Currency Crosses Pairs Analysis (0)
• Currency Crosses Pairs Analysis (0)

With a firm hold below its broken support at the 1.5496/70 levels, bear pressure continues to target lower prices towards the 1.5371 level, its daily 200 ema. On a turn below that level, the 1.5122 level, its July 21'10 low will be targeted. On the other hand, to reverse this

Ook interessant:

• Currency Crosses Pairs Analysis (0)
• FX Thoughts for the Day (0)

In $/cad in the longer term, the market remains within its extended period of ranging with a slight downward bias for the last year (large bearish channel, see weekly chart below). Still seen as a large bottoming, but with some risk for more ranging and even a retest (and slight

Ook interessant:

• AUDUSD: Biased To The Upside Medium Term (0)
• Currency Crosses Pairs Analysis (0)

With a follow-through lower on the back of its previous week losses occurring the past week, threats are now seen towards the 107.30 level, its 2010 low. We expect that level to provide a strong support and turn the cross back up if tested. However, on a failure of that

Ook interessant:

• Chart of The Day: GBP/USD (0)
• Eur/$, an Important Bottom? (0)