Forex

Posts Tagged ‘momentum’

EURUSD Comment: Consolidating in a tiny 'triangle' just above the top of the daily Ichimoku 'cloud' and above the 9-day moving average. Momentum is just bullish and we are trading at the 20 and 50-day moving averages. Let's see if the Euro can capitalise on these small bullish Technical points.

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• FX Technical Analysis (0)
• FX Technical Analysis (0)

EURUSD Comment: Little to add as the Euro is trying to hold above the 50% Fibonacci retracement support and the Ichimoku 'cloud'. Bearish momentum has halved over the last week and it looks set to remain on the back burner again this week, and note the declining 9-day moving average.

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• AUDUSD: Bull Pressure To Aim at The 0.8704 Level (0)
• Technical Analysis Daily: USD/JPY (0)

EURUSD: Having closed higher on Thursday following its Wednesday gains, EUR continues to search for a full corrective recovery momentum. A follow-through higher should open up further upside risk towards its Aug 18'10 high at 1.2921. Further out, resistance is located at the 1.3332 level with a break of there

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• Chart of the Day – EUR/GBP (0)
• Daily Technical Analysis (0)

Since early July, the NZD/USD has been drifting lower, a move that gained momentum couple of weeks ago, and undercut the minor low of 0.7027. The price found support at 0.6996.

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• Daily Technical Analysis (0)
• FX Technical Analysis (0)

Since early July, the NZD/USD has been drifting lower, a move that gained momentum couple of weeks ago, and undercut the minor low of 0.7027. The price found support at 0.6996.

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• EURUSD – Initiates A Corrective Recovery (0)
• Technical Analysis for Major Currencies (0)

Further downside pressure continues to be seen after the pair declined for a second week in a row the past week following its loss of upside momentum at the 1.3332 level. This technical development now leaves a further downside threat targeting the 1.2522 level, its July 13'10 high with a

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• USDJPY: Eyes The 89.16/88.82 Levels (0)
• EURUSD – Continued Downside Risk Seen (0)

EURUSD With further bear pressure pushing the pair through the 1.2732 level, its Aug 16'10 low today following its loss of upside momentum at the 1.2921 level, threats of further declines are likely. This development now leaves the pair eyeing the 1.2522 level, its July 13'10 high with a

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• GBP/USD Fills Gap but Breakout Still Valid (0)
• GBPUSD: Pressured To The Upside On Recovery (0)

EURGBP With a threat to its Tuesday rally now seen following a loss of upside momentum at the 0.8280 level, risk is now building towards a retarget of the 0.8172 level, its Aug 16'10 low. Below there will open the door for a run at the 0.8100 level, its

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• The Daily Forecaster: USDCAD (0)
• FX Technical Analysis (0)

A follow-through higher on its Monday strength saw the pair rallying strongly higher in today's trading session. This has opened further upside risk towards the 0.9121 level, its Aug 11'10 high with a violation of there targeting the 0.9219 level. Above that level is required to open the door for

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• FX Technical Analysis (0)
• AUDUSD: Gaps Into The 0.8800 Region, Eyes The 0.9000 Level (0)

Continuation of its weakness is now underway as the pair was seen pushing lower and testing the 0.8858/69 levels in early trading today. That zone should reverse roles and provide support thereby turning the pair higher again. However, if a violation of there materializes we could see further weakness towards

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• FX Thoughts for the Day (0)
• Daily Technical Analysis (0)