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- Submitted Nov 12, 2012|From forex-fx-4x.com
Forex: EURUSD Analysis For 13th November – Euro At Two-Month Low Vs Dollar The EURUSD has traded close to its two-month lows during a subdued US holiday trading session on Monday 12th November. This comes as Greece and the US both reflect upon ...
- Submitted Nov 10, 2012|From forex-fx-4x.com|1 comment
US Dollar Index – Technical Analysis Update WC 12th November Market Sentiment Overview – The US dollar index has seen steady gains this week after experiencing a drop back to the 80.30 previous resistance area, which then acted as support during the ...
- Submitted Nov 9, 2012|From forex-fx-4x.com
Euro/dollar has seen a resumption of the recent downside price action and near term trend. Stronger than anticipated Chinese output and retail sales data had the EUR/USD testing the 1.2800 area during earlier trading, but the 200 SMA was never ...
- Submitted Nov 7, 2012|From forex-fx-4x.com|1 comment
The EURUSD rallied as high as 1.2875 earlier today (7th November) but subsequently found resistance at the prior support lows from last week. Anyone going long in anticipation of a reversion to the recent range trading scenario could have been ...
- Submitted Nov 5, 2012|From forex-fx-4x.com
The EURGBP currency pair has taken out last weeks low at 0.7995 and is moving under the ascending trend line support level support level which began at the 0.7755 area in July. A break of this trend line support is also a move under 0.8000, this ...
- Submitted Nov 4, 2012|From forex-fx-4x.com|6 comments
The AUD/USD was trading at the highest level seen since September prior to last Friday but has subsequently moved back into the recent range and has formed a bearish engulfing line. This comes at the 1.0400 area previous resistance highs and 50% ...
- Submitted Nov 3, 2012|From forex-fx-4x.com|1 comment
The weekly candle close for EURUSD is located at the 1.2830 area support level which we have been monitoring over recent weeks. At one stage this past week (Wednesday) it appeared that the market may have been ready to take the key currency pair on ...
- Submitted Nov 2, 2012|From forex-fx-4x.com
Cable has printed a Pin Bar Reversal setup after the market rejected the move above 1.6150 area highs yesterday. The pound dollar has subsequently moved back in to the recent range once again and is trading at a -0.52% loss on the day. The break ...
- Submitted Nov 1, 2012|From forex-fx-4x.com|1 comment
URUSD has retraced from the 1.3020 range highs printed yesterday and has been as low as 1.2924 during trading today. The 1.3000 area has once again held as a pivot with price failing to print a 4 hour candle close above this point when referencing ...
- Submitted Nov 1, 2012|From forex-fx-4x.com
The USDJPY is once again trading back at the 80.00 level. The bearish engulfing candle we discussed in a previous post (when price was at 79.63) was followed by a downside move to a low of 79.27 before the dollar/yen currency pair resumed its upside ...
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fxprocessor commented Oct 31, 2012The upside momentum has continued today and price is now at the 1.3000 round number area. As per the original post, the price action gave a hint that the upside potential was there, 1.3000 is now key as this level has seen support and resistance on ...
EURUSD Price Action Rejection From Recent Support Lows
- fxprocessor commented Oct 30, 2012
Minatour/Mingary It's just a technical analysis post guys...relax. I'm not telling you to buy or sell anything. Trade of your own analysis at all times....
EURUSD Price Action Rejection From Recent Support Lows
- fxprocessor commented Oct 30, 2012
Hi Shovon, Yes a bullish engulfing day would be welcomed by the bulls. Especially if it closed above 1.3000.
EURUSD Price Action Rejection From Recent Support Lows
- fxprocessor commented Oct 30, 2012
Hi johnvr, You don't need to be a Harvard economist to trade FX :-)
EURUSD Price Action Rejection From Recent Support Lows
- Submitted Oct 30, 2012|From forex-fx-4x.com|27 comments
The EURUSD bears have failed to break below the 1.2882 daily low from Friday (a Doji candle) after moving as low as 1.2884 this week. Price has today given a bullish engulfing candle, on the 4 hour timeframe chart, as shown below. This high momentum ...
- fxprocessor replied Oct 30, 2012
Both of your trend lines look ok to me. Trend lines are very subjective but both have 3 touches or more.
james16 Chart Thread
- Submitted Oct 29, 2012|From forex-fx-4x.com
The USDCAD has posted a strong recovery since hitting the 0.9600 area lows in September and is now trading around parity with the US dollar. The Canadian dollar has depreciated almost 4% since its September high versus the greenback with lower oil ...
- fxprocessor commented Oct 28, 2012
Hi arthurwsp, I often include the COT report figures as a reference but the price action is my primary focus. In answer to your question. This week the net non commercial position was -55,219 and last week it was -53,495. This shows there is not a ...
EURUSD Technical Analysis Update Week Of 29th October
- fxprocessor replied Oct 28, 2012
Thanks for the kind words bullzeye. This has always been a great thread and Mike speaks a lot of sense in my opinion. cheers
james16 Chart Thread
- Submitted Oct 28, 2012|From forex-fx-4x.com|11 comments
EUR/USD broke below the ascending trend line on Friday (as shown on the daily timeframe chart below) before staging a comeback and closing near the daily open at 1.2936, forming a doji candle. This is showing indecision around the breakout area as ...