Morning technical analysis – 17 March 2014March 17, 2014 by Craig Erlam in Technical analysisEURUSDWhile it may have lost some momentum recently, the euro is still looking bullish against the dollar. That said, we are getting warning signals that the trend may be about to change. For example, as you can see on the 4-hour chart below, we failed to […]
Morning technical analysis – 6 March 2014March 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to look a little weak against the dollar, although we haven’t yet had confirmation that the trend has turned more bearish. The pair found support yesterday from a number of indicators, the middle bollinger on the daily chart, the 100-period SMA on […]
Morning technical analysis – 4 March 2014March 4, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is showing some weakness against the dollar despite trading higher on the day. As you can see on the 4-hour chart below, the pair has made lower highs and lower lows since gapping lower yesterday, which in itself indicates a downtrend. It has also […]
Morning technical analysis – 3 March 2014March 3, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading higher against the dollar this morning after gapping lower over the weekend. The flight for safety has seen the dollar strengthen against most currencies over the weekend, although we have seen the euro pare some of these losses already today. The pair […]
Morning technical analysis – 28 February 2014February 28, 2014 by Craig Erlam in Technical analysisEURUSDThe euro has looked a little more bullish over the last 24 hours, following the sell-off that saw it break below the ascending triangle on Wednesday. The only question now is whether the move in the last 24 hours is a correction of Wednesday’s move, or […]
Morning technical analysis – 27 February 2014February 27, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking much more bearish against the dollar this morning, having broken below the ascending triangle yesterday, before briefly consolidating and breaking lower again. As mentioned previously, ascending triangles tend to be bullish but this is not always the case. Occasionally, we will get […]
Morning technical analysis – 25 February 2014February 25, 2014 by Craig Erlam in Technical analysisEURUSDWe’ve seen some consolidation in this pair over the last week or so, ever since it failed to make new highs for the year, having come within a couple of pips of the 2 January highs. This level has been tested, and held, a few times […]
Pets at Home invited pet-loving members of the public to join in the IPO dash. Photograph: Newspix/Craig Borrow / Rex FeatuNumber crunchers in the City reckon the market for stock market flotations is on course for its strongest quarter since the 2007 credit crisis. This is no surprise given that talk of a queue of companies keen to pursue […]
Morning technical analysis – 19 February 2014February 19, 2014 by Craig Erlam in Technical analysisEURUSDHaving finally broken above the 24 January highs and the 61.8 fib level, the euro is starting to look more bullish against the dollar. That said, the pair is still likely to face significant resistance in the short term around 1.3810, which has been a key […]
Morning technical analysis – 13 February 2014February 13, 2014 by Craig Erlam in Technical analysisEURUSDIn Tuesday’s morning’s technical analysis, I mentioned that despite the pair looking a little more bullish, we needed to see a close above the previous high, of 1.3739, before I become bullish. Not only have we not seen that, the pair bounced quite aggressively off the […]
