Posts Tagged ‘moving average’
USD/JPY – Stalking Pullback; Targeting 79.50
August 25th, 2010
The USD/JPY has been in correction mode over the Asian and European session so far. This comes after a break below the 85 support area. The price action is pressing against the 50-period moving average and the 61.8% retracement level at 84.65. The market should not break above 85 (78.6%
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Forex Technical Update
August 20th, 2010
EURO: Euro is resisted by the immediate resistance coming near 1.2920 levels (21 days daily EMA). A 2-day close above this 20-day moving average could change the bearish outlook in Euro. Lack of any economic data release from the euro front can bring less momentum in the currency making it
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FX Technical Analysis
August 13th, 2010
EURUSD Comment: Dropping and closing below the 26-day moving average but holding at 38% Fibonacci retracement support and the Lagging Span found support from the 'cloud' just below 1.2900. The Euro is almost oversold and we continue to watch for signs of forming an interim base, which might be a
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FX Technical Analysis
August 12th, 2010
EURUSD Comment: Painfully low volume on one of the biggest daily moves this year underlines how thin summer markets can be. Dropping to the 26-day moving average and maybe the Lagging Span will find support from the 'cloud' around 1.2900. The Euro is no longer overbought against the dollar but
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FX Technical Analysis
August 11th, 2010
EURUSD Comment: Having clambered back up to where we were at the beginning of May it is possible that we will take a small breather this week. Let's see if the 9-day moving average helps prop it up as the 26-day one is quite a lot lower. The Euro is
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FX Technical Analysis
August 10th, 2010
EURUSD Comment: Having clambered back up to where we were at the beginning of May it is possible that we will take a small breather this week. Let's see if the 9-day moving average helps prop it up as the 26-day one is quite a lot lower. The Euro is
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EUR/CAD – Bullishness Continues
July 29th, 2010
Price action has managed to trade above our 50 day simple moving average over the past week. Today's breakout confirms our bullish bias and has paved the way for a potential rally towards 1.3687. If this resistance level does not hold up, the next level will come near the 1.3865
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FX Technical Analysis
July 29th, 2010
EURUSD Comment: Fairly well bid as we hold at the psychological 1.3000 area. The 9-day moving average has recently done a good job pushing it higher and we continue to trade neatly in a 'channel'; a sustained break above 1.3050 should set off another short-covering squeeze. Note that the Euro
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FX Technical Analysis
July 28th, 2010
EURUSD Comment: Yesterday's small 'doji' underlines the point that the Euro is struggling at the psychological 1.3000 area. The 9-day moving average has recently done a good job pushing it higher and we continue to trade neatly in a 'channel'; a sustained break above 1.3030 should set off another short-covering
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USD/CHF Establishing a Bottom
July 27th, 2010
Following up with yesterday's update, "Assessing Possible Bottom", indeed a rally emerged from the 50 period moving average in the 4H chart. The rally is strong, so the projected path of the rally from yesterday's post should be revised. We could extend the current rally to 1.0630 and complete a