Forex4you Technical Analysis

[Lygo]

Next week EU up ke down?

 

[forex4you]

Forex4you Technical Analysis 03 January 2011

EUR/USD: Technical Analysis

The exchange rate has temporarily halted its rise and pulled-back from the highs reached at the end of last week. This correction is probably either an Elliot intermediate B wave before a C leg higher or a 4th wave – but either way the decline is likely to stop soon and begin rising again. It could match the recent high or go slightly further to the 50 day MA at just above 1.3450. A stronger rally might be expected to reach the underside of the old trend-line from the June lows at around 1.3600. Just below that level is also the 50% Fibonacci line of the bearish move in November and the monthly pivot at 1.3590. There is also a chance the current pullback has not yet finished, however, and if so then another leg down could find support at 1.3200.

Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

[forex4you]

Forex4you Technical Analysis 04 January 2011

EUR/USD: Technical Analysis

The current rally from the December 29 lows appears quite complete although the final wave which started yesterday would normally be expected to be longer. An old trend-line from the October highs appears to be preventing its progress however. It is quite possible the exchange rate will still rally a little bit higher to old resistance highs and the 50-day MA at around 1.3445 – possibly even higher. Alternatively a correction from here would be expected to find support at the 1.3250 lows.

Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

[forex4you]

Forex4you Technical Analysis 05 January 2011

EUR/USD: Technical Analysis

This pair rolled over from its highs in the 1.3430s yesterday and then fell to lows in the 1.3230s. It has probably reached a level now where it may begin correcting the decline and the move down looks complete. There is the potential for a counter-trend push back up to the 1.3320s before any further downside. The support and resistance levels and trend-line in the 1.3150 area could well provide a bearish target if there is a move down after that.

Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

[forex4you]

Forex4you Technical Analysis 06 January 2011

EUR/USD: Technical Analysis

There is a strong possibility of the bounce from here. The exchange rate has reached trend-line support at the lows and there is every chance it may start to rally from here. From an Elliot wave perspective we still appear to be in wave 3 down with perhaps the beginnings of a wave 4. An initial target for the rally might be 1.3170 with a distinct possibility of a follow through to support and resistance at 1.3250 thereafter.

Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

[forex4you]

Forex4you Technical Analysis 7 January 2011

EUR/USD: Technical Analysis

This pair has started a strong move down, breaking down below the November 30 lows at 1.2968 this morning. The new low is a key technical achievement and a very bearish sign. Currently the exchange rate is consolidating in a range at just above that level but it will probably go down further once the consolidation is complete. 1.3020 would be an initial target for the end of the rebound, although if it is particularly strong then the monthly pivot level at 1.3060 might be an alternative. After that there will probably be a further strong bearish move, initially targeting support and resistance at 1.2750.

EUR/JPY: Technical Analysis


The EUR/JPY pair continued to fall yesterday afternoon, breaking down out of the sideways consolidation and falling to lows of 108.06. From there it has found a temporary bottom and has been correcting the decline, reaching back up to 108.50. This is probably an Elliot 4th wave correction and judging by its length it should be nearing its end very soon. The next wave down (wave 5) could target 107.80 where the trend-line for the recent rally lies. There is also a small chance that the correction could extend higher first, targeting old channel-line resistance at 108.75, but after the trend down should resume.


Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

[forex4you]

Forex4you Technical Analysis 10 January 2011

EUR/USD: Technical Analysis

EUR/USD is still falling and whilst there is some convergence with momentum at the lows, it is a little too early to say a substantial correction is on the horizon. If a correction does rise up from here, then an initial target would be the old trend-line and support and resistance level in the vicinity of 1.2950, or if higher then near the 200 Day MA at 1.3050. There will probably still be a fall afterwards, however, given the move down from the 4th appears incomplete. The 61.8% Fibonacci line from the rally in June and the monthly pivot at 1.2780 and 1.2750 respectively are two downside targets for any further selloffs.

Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

[keatlim]

kebanyakan turun

 

[forex4you]

Forex4you Technical Analysis 11 January 2011

EUR/USD: Technical Analysis

The EUR/USD pair bottomed and bounced back up to highs of 1.2990 yesterday but has started falling again this morning, after encountering resistance from an old trend-line from the November highs. The MACD is showing that yesterday’s correction could be an Elliot wave 4 of the wave down from the 4th January highs – with the wave 5th still to come. This wave could target 1.2850 initially, and then support at the 1.2750 level from the monthly pivot and the 61.8% Fibonacci level.

EUR/JPY: Technical Analysis

This pair has rebounded from the lows reached yesterday in what is probably an Elliot wave 4th wave of the decline from the 4th January highs. The next move will probably be a wave 5 down, targeting just below the recent lows at 106.60 perhaps. However the fall could be stunted by some larger cyclical buying pressure. This is because a larger wave down which began in October ’10 is finishing and a correction is on the cards. Therefore caution should be exercised in adopting any short positions. After the wave 5 down bottoms, there may be a fairly strong counter-trend move back up – perhaps to the 108.50 resistance mark.

Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

[forex4you]

Forex4you Technical Analysis 12 January 2011

EUR/USD: Technical Analysis

The price breached the sideway correction range 1.2980/90 and it currently resides at level 1.3030/40. Indicators are turning upwards, suggesting to expect further growth. Although there is a strong resistance on the "bullish" way - level 1.3060/80, that is strong enough to stop growth and bring the price back to a down trend. Nevertheless, if the barrier is breached, level 1.3150 will be tested - if it's breached too, we'll be expecting a reversal to the "bullish" trend in a mid-term. Reversal down, below support 1.2990 will be a signal to the beginning of the "bearish" trend with the next fall to 1.2795 and then to 1.2700/10.

EUR/JPY: Technical Analysis

The bounce off Monday’s lows was slightly stronger than I anticipated. It looks like a nearly completed Elliot wave 4. Once it ends the main trend down should resume temporarily. An initial downside target might be the line of support and resistance at 107.50. If the move is strong then it could move lower to the area of the old lows at 106.75. As mentioned before a larger wave cycle is probably in the process of finishing so there may be some unexpected buying pressure and caution should be exercised in shorting the pair. After wave 5 bottoms the exchange rate should rally quite strongly.

GBP/USD: Technical Analysis

Strong resistance range 1.5560-1.5530 was breached, indicating the "bullish" sentiment, so the price continued to rise, reaching level 1.5670/80. Currently the trading is carried out at 1.5640/30. Indicators turned up, suggesting further "bullish" trend. At the same time, level 1.5680/60 is considered to be a strong barrier, able to trigger a sell off in the pair. Nevertheless, if this resistance range is yet breached, level 1.5840/50 should be tested in the near future. Reversal down, below 1.5560-1.5530 will be signal to a soon local minimum test at 1.5340/30.

Analysis by: Forex4you.com written by Forex4you analyst

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.