Submitted May 11, 2013|From forex-fx-4x.com

The USD/CAD currency pair has found support at the convergence of technical support around the 1.0000 parity area. This is comprised of the following elements. Ascending trendline support, which had initiated from the 2012 low. The 200-day SMA ...

Submitted May 11, 2013|From forex-fx-4x.com

EURUSD broke below previous 1.2950 area support on Friday but closed the day (and week) back near the 1.3000 round number area. The key currency pair has dropped almost 300 pips from the early May swing high around 1.3250. The failure to close under ...

Submitted May 7, 2013|From forex-fx-4x.com

Dollar/Yen is trading around 100 pips under the key psychological 100.00 round number area and is caught in a consolidation range as the market seeks near term direction and profit taking weighs on the pair. Wagers on a continuation of the weak yen ...

Submitted May 6, 2013|From forex-fx-4x.com|1 comment

XAUUSD has seen further consolidation around the 1440 – 1490 zone but ultimately closed last week near the top of the recent trading range, and above the W1 200 SMA. Gold has rallied almost 5% over the previous two weeks. However, we note that price ...

Submitted May 4, 2013|From forex-fx-4x.com

Euro/dollar experienced a strong move back down towards the midpoint of the recent range on Wednesday after finding resistance at the 50% retrace of the last major leg lower from 1.3709 – 1.2744. This move lower came after price broke above the ...

Submitted May 4, 2013|From forex-fx-4x.com

Our recent technical updates have referenced the USDX 81.45 previous resistance area as a key technical point of interest for the US dollar index. Price has subsequently found support at this area and seen a move back to the 61.8% Fibonacci ...

Submitted May 2, 2013|From forex-fx-4x.com|1 comment

The benchmark S&P500 index has printed a bearish outside day, after taking out the previous 1592 area swing high and subsequently failing to push higher. The daily timeframe chart below shows that price is moving within a longer term ascending ...

Submitted May 1, 2013|From forex-fx-4x.com

Cable has now rallied to the the 50% retrace of the last major swing lower from 1.6347 – 1.4829. This area also marks the upper channel-line as per the daily timeframe GBPUSD chart below. Price has also seen an extension of the move above the 1.5500 ...

Submitted May 1, 2013|From forex-fx-4x.com

The EURUSD pair has seen another strong push to the upside, towards recent 1.3175 area resistance. This came after a break above the 1.3100 consolidation area and a move away from the daily timeframe 200 SMA. Price is currently trading under the ...

Submitted Apr 28, 2013|From forex-fx-4x.com|2 comments

Dollar/Yen has found significant resistance at the psychological 100.00 handle round number area and closed the week around 200 pips under this area; this comes as market participants likely instigated an element of position covering due to the ...

Submitted Apr 27, 2013|From forex-fx-4x.com

GBP/USD has seen extended upside in April after the monthly timeframe pinbar/hammer candle formed at key 1.5260 area support – as highlighted in our previous updates. This currency pair has seen a strong push higher during trading late last week and ...

Submitted Apr 26, 2013|From forex-fx-4x.com

The price of gold moved to a multi-session high on Thursday, as the precious metal has pulled back over half of the month’s near-record decline. Gold is heading for the biggest weekly increase since October 2011, unless there is a swift trend change ...

Submitted Apr 25, 2013|From forex-fx-4x.com

EURUSD moved below the 1.3000 round number area and recent consolidation range lows yesterday. The currency pair subsequently formed a bullish engulfing candle on the 4-hour chart and is now trading back in the range. This bullish engulfing candle ...

Submitted Apr 21, 2013|From forex-fx-4x.com

EURUSD has closed the week within the recent consolidation range after seeing resistance around the 1.3130 area price pivot zone once again on Friday. This area also marks the 38.2% Fibonacci retracement of the last major leg lower. Price broke ...

Submitted Apr 19, 2013|From forex-fx-4x.com|2 comments

The US dollar/Swiss Franc currency pair formed a daily engulfing candle on Wednesday. This was followed by an inside consolidation day on Thursday. The recent price action is located just under the 200 period daily SMA as per the chart below. This ...

Submitted Apr 17, 2013|From forex-fx-4x.com

EURUSD Technical Update – 17th April 2013 EUR/USD closed yesterday above the previous range resistance highs around 1.3130, from 8/3/13 and 11/4/13. This area could now potentially provide an element of support on any corrective move lower. A ...

Submitted Mar 29, 2013|From forex-fx-4x.com

Our recent analysis has highlighted the 1.2880 area midpoint of the range from July through Jan 2013. The D1 EURUSD chart below shows that price essentially moved back up to the 1.3000 handle after finding an element of support at this technical ...

Submitted Mar 14, 2013|From forex-fx-4x.com|3 comments

EURUSD has just printed a fresh 5-month low, with a continuation of the bearish price action from yesterday when there was a high momentum move through recent 1.2970 area support. Euro/dollar has covered 68% of the ADR and is currently trading at ...

Submitted Mar 12, 2013|From forex-fx-4x.com

Gold has rallied today, to the 61.8% Fibonacci retrace area of the last leg lower from $1619.78 – $1561.44. This came after a breakout of the recent range consolidation highs around the $1585 area. XAUUSD has found interim resistance at this 61.8% ...