Forex

Posts Tagged ‘lows’

The USD/JPY is fluctuating just above August lows as the currency pair flirts with the idea of taking yet another step lower. That being said, it will be very important for the USD/JPY to consolidate above August lows and establish a more lasting bottom. Otherwise, the currency pair may continue

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• Weekly Technical Update: Greenback Fights Back with Mixed Results (0)
• GBPUSD: Set To Break Through The 1.4610/38 Levels (0)

Price action on USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/19/2010) morning has once again reached down to the key 85.00 region lows after dropping today from near 86.00. This occurs within the context of a strong, accelerated overall downtrend extending from the June high. In

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• GBPUSD: Consolidation To Upside Bias (0)
• FX Technical Analysis (0)

It was a pretty messy day but the 1.0449 resistance has held well. To maintain the bearish structure we now require the 1.0408 corrective low to break to generate a retest of the 1.0331-50 lows. If seen this could generate a limited correction but subsequent follow-through lower should then accelerate

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• GBPUSD: Set To Break Through The 1.4610/38 Levels (0)
• Technical Analysis for Major Currencies (0)

An upward structure from the lows is sharp and can be counted as a five wave move; impulsive structure, which should be part of some larger bullish price action. More strenght to come, while the 80.08 low is in place. If the short corrective pull-back appears in the near-term, then

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• GBP/USD Knocked Lower Amid Risk-Aversion (0)
• GBP/USD Rises To 1.45 (0)

Price action on GBP/USD (a 4-hour chart of which is shown) as of Tuesday (8/03/2010) has been in clearly accelerated uptrend mode since yesterday when it broke out strongly above the top border of an already-steep parallel uptrend channel extending from the May lows. In breaking and accelerating above this

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• Usd/Chf Bullish Bias (0)
• USD/CHF Continues Freefall (0)

Price action on GBP/USD (a daily chart of which is shown) as of Friday (7/30/2010) has consolidated above 1.5500, a prior resistance region that was broken to the upside earlier in the week. This occurs within the context of a strong accelerated uptrend extending originally from the 1.4230 area lows

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• Daily Technical Outlook (0)
• EUR/USD- Heavy Forecasts to Mend the Uptrend (0)

Usd/Chf moved nicely higher over the past few days, and is showing quite sharp structure from its lows, which could be a red wave 1), a first leg of some larger bullish move. As such, traders must be very careful and patient now as a corrective pull-back may be see

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• Today’s Market Outlook (0)
• Gbp/Usd Upward Correction (0)

The GBP/CHF has stalled at the top of Tuesday's intraday range, with the current ceiling at 1.6547. The uptrend has established itself across the 15-, 30-, 60- and 240-minute and daily charts with little-to-no correction lower, as the rally began off a double-bottom formation from the lows at 1.5833 and

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• Eur/Usd Near-term Pull-back (0)
• Eur/Usd Fibonacci Levels – Jump In, Or Wait? (0)

The pair was unable of exiting the sideways range yesterday which failed our expectations after the pair settled for the lows set at 130.81. Currently, and upside reversal is seen on Stochastic alongside bullish candles formation over daily basis which support the possibility of bullish movement today, though stability is

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• Today’s Market Outlook (0)
• $/Yen, Nearby Gains as Part of a Larger Topping (0)

The Euro has bounced off its lows, in a broad move, engulfing most of its pairs. This includes the EUR/GBP.

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• Chart of the Day – GBP/USD (0)
• Eur/Usd Fibonacci Levels – Jump In, Or Wait? (0)