Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe AUD/USD finished February higher, but the week and day lower as investors braced for what should be an active trading week.Shortly after Forex markets closed on Friday, China announced that factory activity slowed to an 8-month low in February. The government survey confirmed signs […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereGold markets went back and forth during the session on Wednesday, but found enough resistance of the $1300 level to pull back and form a relatively neutral candle. This being the case, the market looks like it’s a “buy on the dips” type of market, […]
Daily Forex Technicals |
Written by DeltaStock Inc. |
Feb 07 14 11:16 GMT
Forex Technical Analysis
EUR/USD
Current level – 1.3558
The intraday bias is positive after the recent break through 1.3580 resistance, but the downtrend on the senior frames from 1.3893 is still intact, so I favor a slide through 1.3540 to initiate a downswing towards 1.3390.
Resistance
Support
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Last week, the Austrailian Bureau of Labor Statistics released its December CPI data. The inflation number came in at .8 instead of .4, causing a lot of volatility on the AUD/USD forex pair. Speculators tried to grab some of the move that was expected right after the announcement. Others sat back and let the news come out and be over with, before […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereApril gold is trading lower but the main trend is still up on the daily chart. The market is trading inside yesterday’s range, suggesting trader indecision. Bullish traders seem to be holding out hope that the emerging market problems will lead to lower equity prices […]
Continuing the earlier day’s positive trade, European stocks were up today. On the other hand, Asian stocks are moving quite favorably today amidst the speculation that the global economy is strengthening. A major boost came for the U.S. as the dollar appreciated against 15 of its 16 major peers, despite weak employment data.Chinese economy got a boost today when it […]
SILVER Elliott Wave Technical Analysis – 10th January, 2014 By: Lara Iriarte | Sat, Jan 11, 2014 SharePrintEmailLast analysis of Silver on 31st December, 2013 expected a trend change and
upwards movement. This is exactly what has happened so far. If price moves
above 20.489 the new upwards trend would be confirmed.The wave count remains the same.Larger
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Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereGold markets had a back and forth session in the illiquid conditions for the last session of 2013. This isn’t much of a surprise though, and as a result we don’t really read too much into this candle. Nonetheless, gold market certainly look extraordinarily soft […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe EUR/USD pair did very little during the session on Tuesday, essentially pulling back from the 1.38 level. That being said, we think there are serious amounts of support below, so therefore were looking for supportive candles in order to start buying again. Ultimately, we […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USD ChartThe EUR/USD is trading lower at the mid-session. Volume is light because of the holiday trade.The main trend is up on the daily chart. The main range is 1.3624 to 1.3892. This forms a retracement zone at 1.3758 to 1.3726. […]
