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 […]
The DAX index has clearly broken out of its upward channel (purple lines) on a daily time frame. However, after a little correction we can see that the price has bounced back up from the 61.8% retracement level of Fibonacci. This is an important signal because this represents the strength for the overall bull trend.The RSI has turned lower near […]
“It has been awhile since I have posted on the web and thought this was an appropriate article to share. This article focuses on technical analysis of 3 currencies and the US Dollar Index. A lot of the technical indicators I follow are universal, but the way in which they are modified and put together will not be found anywhere […]
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 – 18 February 2014February 18, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is creeping higher against the dollar again this morning but once again, the pair is clearly running into resistance near those previous highs of 1.3739 and the 61.8 fib level, 27 December highs to 3 February lows. The pair could be showing overbought signs […]
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 […]
Although upwards movement remains below the invalidation point so far I do not think it is over. This upwards movement is part of a second wave correction one degree higher than I had previously expected. Overall I am expecting a continuation of upwards movement for a few days yet to about 105.80.Click on the charts below to enlarge.Minor wave 2 […]
Morning technical analysis – 11 February 2014February 11, 2014 by Craig Erlam in Technical analysisEURUSDThe outlook for this pair hasn’t changed much since yesterday, having failed to close above the 50-day SMA. It did close marginally above the 61.8 fib level yesterday and has made further attempts to break higher this morning, which makes it look a little more bullish, […]
Morning technical analysis – 10 February 2014February 10, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking a little more bullish against the dollar this morning, although it is still very much in a short-term downtrend as it stands. Last week was quite bullish for the pair, as you can see on the weekly, with it having produced an […]
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By: DailyForex.comGold prices rose %1.9 over the course of the week as dull economic numbers out of the United States and skepticism about the sustainability of the stock market rally increased desire for the relative safety of gold. The XAU/USD pair advanced to as high as 1271.59 after data released by the Labor Department showed that the […]
