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 […]
2014-02-25 13:07 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
USD/CHF Technical Strategy: Flat
Support: 0.8848 (Dec’13 closing bottom), 0.8798 (Dec 27 low)
Resistance: 0.8921 (23.6% Fib ret.), 0.8966 (38.2% Fib ret.)
Prices are consolidating above support at 0.8848, the December 2013 closing bottom. Near-term resistance is at 0.8921, the 23.6% Fibonacci retracement, a barrier reinforced by […]
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 […]
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After years of posts on WSO about whether technical analysis is the equivalent to reading tea leaves, a long-time lurker has finally stepped forward to settle the debate.Spurred by the doubters in @Jared Dillian’s recent post (“Technical vs Fundamental Trading”) amongst others, I received an email from a trader who wants to end the debate by providing moderators with statistical […]
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 – 31 January 2014January 31, 2014 by Craig Erlam in Technical analysisEURUSDThings could be about to turn a lot more bearish for the euro as it attempts to break below a couple of significant levels of support. The first is the ascending trend line, which dates back to 6 September. The pair has respected this level on […]
Support remains for US despite bearish signals
Tuesday 28 January 2014 10:04 GMT
Although short-term technical continue to look bearish, major support levels remain for US stocks, according to Brian Larose at United-ICAP. Despite a case for a major topping pattern in the S&P, support will need to be broken at 1767-1762, 1744-1736, and 1681 for this to be confirmed.
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Support remains for […]
