Submitted Jan 14, 2013|From forex-fx-4x.com

EURUSD Technical Update – For 15th January 2013 The euro continued the recent upside trajectory on Monday, moving to a fresh 11-month high against the greenback and hitting recent highs versus sterling and the Swiss Franc, on continued signs of ...

Submitted Jan 13, 2013|From forex-fx-4x.com

EURUSD Technical Update – Week Of 14th January 2013 Our previous technical update noted that the EURUSD currency pair was threatening the recent range resistance highs circa 1.3300. Price has subsequently taken out this key level and closed the week ...

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

The Australian dollar/US dollar pair has formed an inside day candle under the key 1.0600 area previous resistance. This came as price took out the intermediate swing high around 1.0583 and subsequently retraced the majority of the prior days range. ...

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

GBPUSD Technical Update – Week Of 14th January 2013 The GBP/USD pair has moved back into the mid-point of the recent range after the false break under the 1.6000 round number area and prior support earlier this past week. The upside on Friday was ...

Submitted Jan 11, 2013|From forex-fx-4x.com|6 comments

The EURUSD currency pair is once again threatening recent range resistance highs around 1.3300, after the ECB (European Central Bank) held its key rate at the record low 0.75% yesterday. Yesterdays move brought significant volatility and was over ...

Submitted Jan 6, 2013|From forex-fx-4x.com|2 comments

The GBP/USD currency pair has printed a weekly engulfing candle (see fig 2), following on from the daily pinbar rejection at key 1.6300 area resistance earlier this week. Pound/dollar ended the week just above the previous 27/12/12 1.6074 swing low ...

Submitted Jan 5, 2013|From forex-fx-4x.com

Euro/dollar moved as low as 1.2996 on Friday, finding support around the 1.3000 round number. This came after the bearish outside day on Wednesday proved to be a decisive near term EUR/USD turning point. Any continuation of Fridays upside move would ...

Submitted Jan 2, 2013|From forex-fx-4x.com

From a sentiment perspective, recent developments in the US have been supportive for risk as the House of Representatives approved a bipartisan deal to raise taxes for high earners, thus avoiding the so called ‘fiscal cliff’. On the back of the ...

Submitted Dec 31, 2012|From forex-fx-4x.com

S&P 500 futures are trading just above the key 1380 – 1384 technical zone in electronic trading today. This technical area marks the 61.8% Fibonacci retrace of 1340.25 > 1445.75, and the prior swing lows from late November to date. This previous ...

Submitted Dec 29, 2012|From forex-fx-4x.com|1 comment

EUR/USD has been trading in a consolidation phase this week which has culminated in an “inside week” candle formation. The 1.3171 area previous resistance level has acted as support, and the 1.3307 19/12/12 pinbar high has not yet been taken out ...

Submitted Dec 28, 2012|From forex-fx-4x.com|4 comments

The GBP/USD currency pair moved to the lowest level seen in over two-weeks yesterday. Price has subsequently found an element of support around the 50% corrective retrace of 1.5826 > 1.6305 and is trading around 50 pips higher than the 1.6065 weekly ...

Submitted Dec 27, 2012|From forex-fx-4x.com|2 comments

The price of gold has been oscillating around the $1660 per ounce level over the last few trading sessions – unable to exceed this week’s high during trading today (27th December). The dollar has dropped (typically supportive for gold) on the back ...

Submitted Dec 24, 2012|From forex-fx-4x.com

This discretionary price action article will run through a simple top down analysis scenario. The charts below show a theoretical trade setup using the daily chart to gain a bias and the lower timeframe to trigger a signal entry. The idea behind ...

Submitted Dec 24, 2012|From forex-fx-4x.com

EUR/USD Technical Update/Price Action Analysis – 24th December The 1.3300 area swing high pinbar from last week was followed by a drop of around 60 pips and a test of the recent range highs. Euro/dollar subsequently found an element of support after ...

Submitted Dec 21, 2012|From forex-fx-4x.com|4 comments

GBP/USD found initial resistance at the 1.6300 area, after our previous update noted that any continued upside would bring the significant double top resistance area around 1.6300 back into focus as a technical point of interest. Price has ...

Submitted Dec 19, 2012|From forex-fx-4x.com

Euro/dollar has seen a continuation of the breakout above 1.3170 area resistance, with risk appetite still firm, and is now approaching the FE100 expansion from the 1.2661 > 1.3125 > 1.2875 swing extremities. This is located around 1.3337 and just ...

Submitted Dec 18, 2012|From forex-fx-4x.com|2 comments

Cable has broken above the 1.6175 area resistance level on Monday, inline with the recent broad USD weakness scenario, and this area is now viewed as potential support for the GBP/USD pair on any corrective move lower. Price is currently trading ...

Submitted Dec 16, 2012|From forex-fx-4x.com|6 comments

COT Report Reveals AUD Longs At Record High – AUD/USD Price Action Analysis The AUD/USD currency pair is now trading above the 1.0500 round number area and a long term descending trend line, but just under the previous resistance zone around 1.0624. ...

Submitted Dec 15, 2012|From forex-fx-4x.com

The EUR/USD broke marginally above the previous 1.3171 range resistance zone on Friday, closing the week at a key technical point comprised of price structure highs and the longer term 38.2% Fibonacci retrace level (see fig 2). A sustained move ...

Submitted Dec 15, 2012|From forex-fx-4x.com

Japanese yen sentiment overview – The general election in Japan this Sunday is widely expected to bring about a change in leadership and the favourites, the Liberal Democratic Party, have stated they intend on taking a much aggressive stance towards ...