Morning technical analysis – 6 February 2014February 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading relatively flat against the dollar ahead of the key ECB decision this afternoon. This has actually been the case over the last couple of days leaving the pair in a consolidation phase and unlikely to break out before the rate decision and […]
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 – 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 […]
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 – 20 January 2014January 20, 2014 by Craig Erlam in Technical analysisEURUSDLast weeks candle has only added to the negative outlook for the euro, having closed near its lows, barely rallied above its opening level and closed below the 20-week SMA for the first time since the start of July last year. The daily chart is looking […]
Morning technical analysis – 17 January 2014January 17, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is still looking bearish against the dollar despite rallying for much of yesterday’s session. The pair failed to break above this week’s highs during the rally and closed below the marabuzo line of the previous candle. This suggests yesterday’s rally was just a brief […]
Morning technical analysis – 8 January 2014January 8, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to look bearish against the dollar this morning, having failed to close back above the neckline of the double top for a second consecutive day. The could now be viewed as confirmation of last week’s break, prompting a move back towards 1.3450, […]
recommend
Technical analysis of EUR/JPY for January 8, 2014General overview for 08/01/2014 08:50 CETPrice went up in corrective cycle as anticipated
yesterday and has hit the 38% Fibo level at 143.09 making this level the top
for a possible abc green correction in wave (ii). If this is really the
completed simple correction cycle top, then the level of 142.84 should be
broken first and […]
Morning technical analysis – 7 January 2014January 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading lower against the dollar this morning after failing to close back above the neckline of the double top yesterday. This failure to close back above could be seen as confirmation of the initial break below the neckline, prompting a move back towards […]
Daily technical analysis – 6 January 2014January 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking quite bearish against the dollar this week, after last weeks candle closed below the opening level of the week before, resulting in a bearish engulfing pattern on the weekly chart. We’ve actually had a few bearish candles on the weekly chart over […]
