Posts Tagged ‘momentum indicators’
Technical Analysis for Major Currencies
August 31st, 2010
The pair succeeded in achieving the suggested scenario yesterday, especially after breaching support for the rising wedge and heading to the downside due to the negative pressure, in addition to the MA 50. Momentum indicators are showing clear oversold signs, thus pushing to retest pivotal level 1.2730 before heading towards
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Technical Analysis for Major Currencies
August 27th, 2010
The pair was stuck above resistance for the previously breached bearish channel and below the retest level 1.2730; whereas momentum indicators lost bullish momentum and thereby maintaining chances of achieving yesterday's suggested bearish scenario intact. We expect a bearish intraday trend that targets 1.2570 mainly, but keep an eye on
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Technical Analysis for Major Currencies
August 25th, 2010
The pair pushed to correct the bearish wave mildly, according to the suggested scenario in yesterday's reports and returned to negatively pressure it to resume trading within the current bearish trend. We notice that momentum indicators have started to gradually lose bullish momentum indicators; therefore encouraging us to expect a
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Technical Analysis for Major Currencies
August 24th, 2010
The pair was able to achieve the suggested bearish scenario yesterday as it neared the initial key target around 1.2570, but managed to currently push for some bullish correction due to the positive signs which are appearing on momentum indicators that we think will build a base on 1.2685, before
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Technical Analysis for Major Currencies
August 13th, 2010
The pair is finding difficulty in breaching 1.2830 the pivotal support from the positivity of momentum indicators that have started to gradually lose bullish momentum, thereby pointing to near chances of resuming more negative pressure on the pair. From here, we can expect a bearish intraday direction that initially start
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Technical Analysis for Major Currencies
August 12th, 2010
The pair has sharply descended since yesterday touching 61.8% Fibonacci correction around 1.2830 and rebound to the upside calmly, due to the positive effect of momentum indicators. We expect a breach of the previous bullish channel that holds bearish targets that have no fully been achieved yet; therefore, we expect
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Technical Analysis for Major Currencies
August 4th, 2010
The pair is finding difficulty building a base above 1.3250 due to the negative effect of momentum indicators appearing on the four-hour chart, currently close to touching minor support around 1.3185. We expect the pair to build a base in an attempt to start a bullish wave that will enable
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Technical Analysis for Major Currencies
August 2nd, 2010
The pair succeeded in consolidating above the 61.8%correction at 1.2990 stable within the ascending channel shown above. Momentum indicators provided negative signals that might push the pair to the downside to retest this level, yet in general we expect a bullish move for this week targeting areas at 1.3260 then
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Technical Analysis for Major Currencies
July 27th, 2010
The pair succeeded in breaching 1.2935 and headed to the upside but it is not able till now to stabilize above 61.8% Fibonacci around 1.2990. Momentum indicators are showing negative signs that might force the pair to attempt a minor bearish correction to retest the broken resistance before heading towards
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Technical Analysis for Major Currencies
July 19th, 2010
The pair halted its upside rush at 61.8% Fibonacci correction and seems to have indulged in a minor bearish correction, affected by the negativity on momentum indicators over daily basis. We can expect a retest for the previously breached 50% Fibonacci at 1.2780 before resuming the expected bullishness for this