2014-02-25 13:33 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
EUR/USD Technical Strategy: Pending Short
Support: 1.3698 (Jan 14 high), 1.3613 (38.2% Fib exp.)
Resistance: 1.3768 (trend line), 1.3800 (double top)
The Euro pulled back from resistance marked by a falling trend line set from the October 2013 swing high and double top to meet support […]
2014-02-25 13:07 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
GBP/USD Technical Strategy: Flat
Support: 1.6593 (23.6% Fib ret.), 1.6452 (38.2% Fib ret.)
Resistance: 1.6667-80 (Jan 24 high, 14.6% Fib ret.), 1.6822 (Feb 17 high)
The British Pound is attempting to launch a recovery against the US Dollar. Prices are testing above support-turned-resistance in the 1.6667-80 area, […]
2014-02-25 12:56 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
USD/CAD Technical Strategy: Flat
Support: 1.1036 (50% Fib exp.), 1.0999 (618% Fib exp.)
Resistance: 1.1074 (38.2% Fib exp.), 1.1119 (23.6% Fib exp.)
Prices moved lower as expected after putting a Shooting Star candle. Sellers are aiming to challenge the 50% Fibonacci expansion at 1.1036, with a break […]
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 […]
Many are confused this morning at the exuberance in US equities after dismal data and a bond market that is barely budging. Of course, the answer lies deep in the fun-durr-mentals of the JPY carry trade… but this time it’s different as it would appear a note from BofA proclaiming “it’s time to buy AUD” coincided perfectly with a ramp […]
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Technical analysis of USD/CAD for Febuary 20, 2014General overview for 20/02/2014 11:10 CET
Five impulsive waves to the downside has been finished and now the first leg of the corrective cycle is in progress. Judging by the shape of the correction, it looks like a ZigZag pattern and the key level to the upside here is at the level of 1.1024. […]
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
[…]
The USD/JPY is trading above its upward trend line on a 60 minute time frame. The pair is trading above the 100day (shown in yellow) moving average and the 50day (shown in green), which means that the bulls are in control of the price. The ADX indicator is not giving any clear signal at the moment, however, we do have […]
Morning technical analysis – 7 February 2014February 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is edging lower again this morning, after spiking higher yesterday following Mario Draghi’s surprisingly hawkish press conference. The pair failed to close above 1.3608, the 50% retracement of the move from 24 January highs to 3 February lows, as well as the 20 and […]
Apple is trading in an upward wedge pattern on a 4 hour time frame. If the price breaks out of this pattern to the downside, there is usually a big move to the downside. Within this pattern, we also have the symmetrical triangle pattern formed and the downward projection of this, could push the price towards the support area which […]
