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 […]
PPC/USD Technical Analysis – 17th Feb 2014 By Ashton Fraser on February 17, 2014 in Trading Peercoin has hit a bit of a brick wall this afternoon. Lets take a look at the hourly chart below (click to expand). You can see how price is struggling to break past the 50% Fib level. For a number of reasons. […]
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Morning technical analysis – 14 February 2014February 14, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing its push higher this morning but as with the Tuesday and yesterday, the pair is running into strong resistance around 1.37. This happens to coincide roughly with the 50 fib level, 27 December highs to 3 February lows, which the pair has […]
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 […]
Morning technical analysis – 5 February 2014February 5, 2014 by Craig Erlam in Technical analysisEURUSDWe’re still waiting for the euro to break lower this morning, after it entered a period of consolidation against the dollar. The pair has tested the bottom of the flag formation, a bearish continuation pattern, on a few occasions but has so far only managed to […]
Morning technical analysis – 29 January 2014January 29, 2014 by Craig Erlam in Technical analysisEURUSDYesterday’s rebound off the neckline of the double bottom has made the eurodollar pair look a lot more bullish in the short term, despite the initial failure to close above the 50 fib level, around 1.37. Based on the size of the double bottom, we should […]
Morning technical analysis – 24 January 2014January 24, 2014 by Craig Erlam in Technical analysisEURUSDThe euro had a very good day against the dollar yesterday, ending the session almost 150 pips up on the day and leaving a very bullish looking candle. Combine this with the previous four candles and what we have is effectively a morning star formation which […]
