Forex

Posts Tagged ‘resistance level’

Price action on USD/CAD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has hit a key resistance level in the 1.0670 price region, a level that has been reached and respected several times in the recent past. This occurs after price made a pronounced bullish bounce up

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• Trading the Cad (0)
• The Daily Forecaster: USDJPY (0)

Price action on AUD/JPY (a daily chart of which is shown) as of Thursday (8/26/2010) has formed a large and clear triangle consolidation pattern bisected by a key support/resistance level at 76.00. This occurs after three weeks of general bearishness that dropped price down from the very top of the

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• Daily FX Report (0)
• Chart Of The Day: GBP/USD (0)

The EURUSD failed to continue its bullish scenario yesterday after unable to re-test 1.3340 resistance level, bottomed at 1.3215 and keep moving lower around 1.3190 at the time I wrote this comment. The bias is bearish in nearest term testing 1.3105 area but note that we are still in bullish

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• Forex Technical Update (0)
• Forex Technical Update (0)

Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (8/04/2010) just tentatively made a slight breakout above key resistance in the 0.9150 price region, establishing a new 3-month high, before pulling back. This occurs after price consolidated just below that resistance level for the last

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• AUD/USD in Wave 4′? (0)
• USDJPY Set To Extend Gains (0)

The U.S. dollar is moving lower for some time now, driven by higher equity and commodity market, especially oil, which reached 82-83 dollars per barrel recently, and rose for almost $4 since Sunday open. Technically, oil moved into a powerfully Fibonacci resistance level, 76.4% retracement area of a previous decline

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• Daily Technical Analysis (0)
• USD/JPY continues moving in low trading range (0)

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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• GBPUSD: Sets Up For Further Recovery (0)
• AUD/USD Still Climbing within Uptrend (0)

Price action on USD/CHF (a 4-hour chart of which is shown) as of Tuesday (7/27/2010) has broken out above a short-term resistance level in the 1.0560 price region slightly after breaking out above a key downtrend resistance line extending from the June 6 high. Because of the fact that price

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• EUR/CAD – Bullishness Continues (0)
• FX Thoughts for the Day (0)

All eyes were on the 1.30 resistance level, as the EUR/USD rally has become overextended within an overall bearish mode. Yesterday, I was stalking the consolidation, basically with resistance at 1.30 and support at the 1.2875 area. A bullish attempt to break 1.30 turned out to be clear-out action. Heavy

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• Technical Analysis for Crosses (0)
• Forex Technical Analysis (0)

Elavation keeps going. While the market is at overbought zone our appetite is still healthy. Meanwhile dollar is losing in value. 1,3015 resistance level might work yet. In such a case ,selling will efficient. On the other hand if 1,3015 is considered as support level increase will gain speed. In

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• Technical Analysis Daily: USD/JPY (0)
• EURUSD Bears and Bulls Calmed Down (0)

We saw our long term target 1,30 in the Usa market transaction hours last friday. We obtain that selling rush has come to the market after turning from strong 1,3015 resistance level. Market still stays at overbought zone and this situation increases selling desire among players .It it is crystal

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• Eur/Usd: 1.3108 Initial Target (0)
• Technical Analysis Daily: USD/JPY (0)