Posts Tagged ‘continuation’
Daily Forex Update: USD/CHF
September 3rd, 2010
The downtrend on the USD/CHF continues. Downtrends present three possible entry opportunities: continuation, correction, or reversal. Due to the downtrend's strength it's very likely that a continuation and/or a correction (also known as a Retracement) will occur. The decision to focus on more selling pressure comes primarily from the Channel
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Forex and Dow Jones Recommended Levels
September 3rd, 2010
EUR/USD Today's support: - 1.2735 and 1.2690(main), where correction is possible. Break would give 1.2677, where correction also may be. Then follows 1.2653. Break of the latter would result in 1.2626. If a strong impulse, we would see 1.2590. Continuation will give 1.2552.
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Forex and Dow Jones Recommended Levels
September 2nd, 2010
EUR/USD Today's support: - 1.2735 and 1.2690(main), where correction is possible. Break would give 1.2677, where correction also may be. Then follows 1.2653. Break of the latter would result in 1.2626. If a strong impulse, we would see 1.2590. Continuation will give 1.2552.
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Forex and Dow Jones Recommended Levels
September 1st, 2010
EUR/USD Today's support: - 1.2653, 1.2626 and 1.2590(main), where correction is possible. Break would give 1.2574, where correction also may be. Then follows 1.2552. Break of the latter would result in 1.2533. If a strong impulse, we would see 1.2512. Continuation will give 1.2485.
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Daily Technical Analysis
August 31st, 2010
The EURUSD had a significant bearish momentum yesterday, break below the rising wedge formation as you can see on my h4 chart below. This fact indicates bullish failure and potential bearish continuation testing 1.2587 1.2523 region in nearest term. Immediate resistance at 1.2680. Break above that area could lead
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Forex and Dow Jones Recommended Levels
August 31st, 2010
EUR/USD Today's support: - 1.2678, 1.2642, 1.2626 and 1.2590(main), where correction is possible. Break would give 1.2574, where correction also may be. Then follows 1.2552. Break of the latter would result in 1.2533. If a strong impulse, we would see 1.2512. Continuation will give 1.2485.
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Forex and Dow Jones Recommended Levels
August 30th, 2010
EUR/USD Today's support: - 1.2678, 1.2642, 1.2626 and 1.2590(main), where correction is possible. Break would give 1.2574, where correction also may be. Then follows 1.2552. Break of the latter would result in 1.2533. If a strong impulse, we would see 1.2512. Continuation will give 1.2485.
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The Review Of Facultative Pairs
August 30th, 2010
While assumptions will hold good. The correctional wave (iv) of [v] of 5 presumably develops. Probably, it takes the form of a Double Zigzag. If the assumption is true, after its termination it is possible to expect continuation of falling of pair as an impulse or a Diagonal Triangle (v)
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Forex and Dow Jones Recommended Levels
August 27th, 2010
EUR/USD Today's support: - 1.2678, 1.2642, 1.2626 and 1.2590(main), where correction is possible. Break would give 1.2574, where correction also may be. Then follows 1.2552. Break of the latter would result in 1.2533. If a strong impulse, we would see 1.2512. Continuation will give 1.2485.
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Daily Forex Update: EUR/CHF
August 25th, 2010
The downtrend on the EUR/CHF has been trending lower, and during Tuesday's session broke through the July 1 low at 1.3074, down to 1.3016. This price represents a multi-year low for the pair, and if the EUR/CHF can pierce 1.3000 the continuation could accelerate even lower. However, as prices trade