MomentumOptionsTrading.com Morning Update for 8/8/2014Bears Pushing Next Waves of Support9:00 a.m. (EST) The warnings signs that lower lows were in store continued to come on Thursday, and the bears used the final hour of trading to confirm them. The bulls made an opening run at resistance but went into defensive mode an hour later and ran for the hills into the […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USDThe EUR/USD is under pressure at the mid-session. The main trend is down on the daily chart so the weakness isn’t a complete surprise.Despite the solid one-day rally on Friday which was triggered by short-covering rather than new buying, the market has […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe silver markets tried to rally during the course of the day on Tuesday, but failed to hang onto the gains. The resulting candle is a shooting star, and that of course suggests that there is still bearish pressure. The $20.50 level is one that has […]
Gold fell to a new low on the month this week, currently around 1288. The 4H chart shows a market that is trading in an ABC pattern. With a C=A projection, the current swing targets the 1270-1275 area.Gold 4H Chart 7/25(click to enlarge)As we get into the 7/25, Friday session, expect some pullback. Price is trading near a projected support, and […]
I like to think of myself as open-minded, I try to not to let my pre-existing biases get in the way of learning new things and new ideas. But I also like to think of myself as a skeptic – unless someone can show evidence or proof that an idea is correct, I’ll have a hard time accepting it.So when […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe FTSE tried to rally during the session on Monday, but could not keep the gains and ended up forming a negative candle. We still have plenty of support down near the 6700 level though, so we are bit hesitant to start selling. On the other […]
Forex Technical Analysis for Week 06/16–06/20June 14, 2014Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3321
1.3417
1.3478
1.3573
1.3634
1.3729
1.3790
GBP/USD
1.6555
1.6646
1.6808
1.6900
1.7062
1.7153
1.7315
USD/JPY
100.46
101.03
101.51
102.08
102.56
103.13
103.61
EUR/JPY
134.80
136.26
137.17
138.63
139.54
141.00
141.92
GBP/JPY
169.18
170.07
171.57
172.46
173.96
174.85
176.36
Woodie’s Pivot Points
Pair
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
EUR/USD
1.3408
1.3460
1.3564
1.3617
1.3721
GBP/USD
1.6664
1.6844
1.6917
1.7097
1.7171
USD/JPY
101.01
101.47
102.06
102.52
103.11
EUR/JPY
136.12
136.90
138.49
139.27
140.87
GBP/JPY
170.22
171.88
172.61
174.27
175.01
Camarilla Pivot Points
Pair
4th Sup
3rd Sup
2nd Sup
1st Sup
1st Res
2nd Res
3rd Res
4th Res
EUR/USD
1.3452
1.3495
1.3510
1.3524
1.3553
1.3567
1.3581
1.3624
GBP/USD
1.6831
1.6901
1.6924
1.6947
1.6994
1.7017
1.7040
1.7110
USD/JPY
101.41
101.70
101.80
101.89
102.09
102.18
102.28
102.57
EUR/JPY
136.78
137.43
137.65
137.86
138.30
138.52
138.73
139.39
GBP/JPY
171.76
172.42
172.64
172.86
173.29
173.51
173.73
174.39
Tom DeMark’s Pivot Points
Pair
EUR/USD
GBP/USD
USD/JPY
EUR/JPY
GBP/JPY
Resistance
1.3603
1.7108
102.32
139.09
174.41
Support
1.3447
1.6854
101.27
136.71
172.02
Fibonacci Retracement Levels
Pairs
EUR/USD
GBP/USD
USD/JPY
EUR/JPY
GBP/JPY
100.0%
1.3669
1.6991
102.65
140.09
173.35
61.8%
1.3609
1.6894
102.25
139.18
172.44
50.0%
1.3590
1.6865
102.12
138.90
172.15
38.2%
1.3572
1.6835
102.00
138.62
171.87
23.6%
1.3549
1.6798
101.85
138.28
171.52
0.0%
1.3512
1.6738
101.60
137.72
170.96
If you have any questions or comments on this technical analysis, please feel free to reply below.
by Vladimir VyunTags: EUR/JPY, […]
Morning technical analysis – 10 June 2014June 10, 2014 by Craig Erlam in Technical analysisEURUSDAfter seeing a lot of volatility towards the end of last week, this pair has once again stabilised around the same levels it was trading at ahead of the ECB decision. The pair is again finding support around 1.3590 and may fall back into the same […]
Talking Points:
EUR/GBP Technical Strategy: Flat
Support: 0.8056-60 (100% Fib exp., channel floor)
Resistance:0.8104 (76.4% Fib exp.), 0.8121 (channel top), 0.8133 (61.8% Fib exp.)
The Euro has found support at the bottom of a falling channel support set from late April and is attempting to mound a recovery against the British Pound. The first layer of resistance is at 0.8104, the 76.4% Fibonacci expansion. […]
Talking Points:
USD/CAD Technical Strategy: Long at 1.0907
Support: 1.0849 (May 19 low), 1.0832 (trend line), 1.0813 (May 8 low)
Resistance: 1.0973 (14.6% Fib exp.), 1.1072 (23.6% Fib exp.)
The US Dollar broke out upward as expected against its Canadian counterpart after prices completed a bullish Piercing Line candlestick pattern. A Doji candle at trend line resistance-turned-support (now at 1.0832) hints the up move […]
