Posts Tagged ‘trendline’
$/Swiss, Nearing Multi-Year Support
September 2nd, 2010
In the Aug 26th email on $/swiss, said despite the market just above support at the falling trendline from mid July, the near term downside pattern was not "complete", raising the potential for a downside break (and possible acceleration lower). Sold there (then at 1.0250), and the market has indeed
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Stalking EUR/GBP as it Nears Resistance
September 2nd, 2010
The EUR/GBP rallied past the 0.8320 target set in the August 31st EUR/GBP update. The surge is heading up against resistance at the 61.8% retracement level at 0.8380. It is at 50% at the moment and also testing a declining trendline. Also note that the 0.8400 level is an important
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AUD/USD Next To The Trendline
September 1st, 2010
The AUD/USD is still in an uptrend, as judged on basis of technical analysis. The price is above the 100 SMA and the up trendline, too. Last week, this pair rebounded from a conjunction of both of these lines, finding a support at 0.8770.
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AUD/USD Next To The Trendline
September 1st, 2010
The AUD/USD is still in an uptrend, as judged on basis of technical analysis. The price is above the 100 SMA and the up trendline, too. Last week, this pair rebounded from a conjunction of both of these lines, finding a support at 0.8770.
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EUR/GBP Breaks Short-term Downtrend
August 31st, 2010
The EUR/GBP found support at 0.8150. There was a strong move today that may have to do with end-of-month payments from UK to the Europea Union. The overall mode is still bearish and a long-intermediate term trendline is still above, but not too far away, near 0.8340 (50% retracement). We
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Chart of the Day – USD/JPY
August 23rd, 2010
Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has once again respected the strong accelerated downtrend represented by the key downtrend resistance line extending from the early June high. Although the end of last week saw price rise to approach this trendline once
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GBPUSD: Bear Pressure Extension Likely
August 15th, 2010
GBPUSD: Loss of bullish short term momentum has turned the pair lower the past week and opened the door for further corrective weakness as we enter a new week. With that said, further weakness should eye the 1.5521/1.5470 levels with a break targeting its violated trendline at 1.5107. This level
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Eur/$, Stay With the Uptrend
August 4th, 2010
No change in the long held, longer term bullish view in eur/$, as the market continues to rally sharply from the June 7th low at 1.1880, on way toward 1.3450/75 (38% from the July 2008 high at 1.6035), 1.3940/65, and even the bearish trendline from that high (currently at 1.4725/50)
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Daily Technical Analysis
July 22nd, 2010
The EURUSD had a significant bearish momentum, slipped below the minor trendline support (red) as you can see on my h4 chart below indicating potential bearish view in nearest term testing 1.2670 1.2600 region. However note that overall we are still in upside correction phase and only a movement
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Currency Crosses Pairs Analysis
July 20th, 2010
EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area. Intraday: Breaking major bearish trendline and 38.2% retracement at 0.8450 - 0.8500 and leaving the bulls in control of the cross. Targets 0.8600.