Forex

Posts Tagged ‘uptrend’

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/USD: The Rally Might Not Hold Below Pivotal Levels (0)
• Weekly Forex Update: AUD/USD (0)

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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• USD/JPY Consolidates Around Our 1st and 2nd Tier Uptrend Lines (0)
• Daily Technical Outlook (0)

The uptrend on the 60-minute chart of the GBP/USD has lost bullish momentum over the past 35 candles; subsequently, what was initially a correction to Channel Up support has now transitioned to a pattern reversal. The question now is: what is the likelihood for follow-through considering the weaker U.S. Dollar

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• Market Morning Briefing (0)
• Usd/Cad Bullish Reversal (0)

Price action on GBP/USD (a daily chart of which is shown) as of Wednesday (8/25/2010) has hesitated after approaching key 1.5350 region support on the heels of almost three weeks of bearish price action that broke down below a key uptrend support line and just established a new one-month low

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• Daily Forex Update: GBP/USD (0)
• AUD/USD Drifts Lower as Risk Trade Pulls Back (0)

The AUD/USD has transitioned out of the daily chart's uptrend and into a narrow, sideways range. This, in turn, has put the slightly longer-term 60- and 240-minute intraday time frames in a distribution market cycle, which means that the price action is moving sideways in a wide and volatile range.

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• Usd/Cad Bullish Reversal (0)
• Usd/Jpy Correction (0)

Today's daily chart exemplifies the recent volatility of the sterling. When bearish, the sterling has had between 6-10% selloffs. The recent uptrend from the end of May till mid August has stalled. Currently price action is testing the 23.6% retracement level and our 200 day simple moving average. If we

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• AUD/USD Marches Higher Despite European Weakness (0)
• Eur/$, Stay With the Uptrend (0)

Price action on EUR/USD (a 4-hour chart of which is shown) as of Friday (8/20/2010) morning has broken down below multiple support levels, including a clean breakdown of an important uptrend support line extending back to the early June low of 1.1875 and a tentative break below key support at

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• Technical Analysis Daily: GBP/USD (0)
• EUR/USD Drifts Lower with Light News (0)

Price action on EUR/JPY (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed a descending triangle consolidation just above 109.00 after having broken down cleanly below a parallel uptrend channel extending from the June low just last week. This all occurs within the context of a

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• Weekly Forex Update: EUR/JPY (0)
• EURUSD: Struggling To Hold Firmly Above The 1.5062 Level (0)

Price action on EUR/JPY (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed a descending triangle consolidation just above 109.00 after having broken down cleanly below a parallel uptrend channel extending from the June low just last week. This all occurs within the context of a

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• EUR/USD Fluctuates Following Negatively Mixed U.S. Data (0)
• EUR/USD Fights To Stay Above 3/15 Lows (0)

Although GBP took back its Monday gains on Tuesday, it is currently rallying higher again wiping out its Tuesday losses. This development suggests that a resumption of its recovery is now shaping up. This should target the 1.5832 level, its Aug 11'10 high at first with a loss of there

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• AUDUSD: Loss Of Longer Term Trendline Targets The 0.8904 Level (0)
• Chart of The Day: USD/JPY (0)