Chinkou Span line of Ichimoku indicator came to be very close to historical price ready for breakdown from above to be for possible price reversal on D1 timeframe from bullish to primary bearish market condition. The primary bearish is already going on for H4 timeframe and H1 timeframe. As to W1 so the correction within primary bullish may be started […]
Morning technical analysis – 3 January 2014January 3, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking pretty weak against the dollar at the moment, having broken through two ascending trend lines in the last few weeks, with the first being confirmed at the end of December when the pair failed to break back above the trend line. For […]
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Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe USD/JPY pair rose during the balance of the week, closing above the 105 level. This was an area that we’ve been targeting for some time now, and it appears that we are free to go much higher at this point. We would expect a […]
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Technical analysis of EUR/JPY for December 27, 2013General overview for 27/12/2013 16:00 CETThe anticipated last impulsive wave to the upside has been almost done now and when the corrective cycle in wave (iv) is finished, then another high will be made in impulisve fashion. The target currently fot the wave (v) is the level of 145.77. This count is valid […]
Happy Friday, Friends. The Fed’s tapering process has commenced. As would be expected from the FOMC, particularly given its current composition, the step was a modest one, with the only surprise the equal reduction (by $5 billion each, monthly) of purchases in both Treasuries and mortgage-backed securities. The implication is that the Fed believes that the housing market is on […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereEUR/USD Daily AnalysisDaily EUR/USD ChartThe main trend is up on the daily chart. The EUR/USD will turn down when 1.3524 is violated. The short-term chart indicates that a new minor bottom was formed overnight at 1.3709. The new short-term range is 1.3810 to 1.3709, making […]
Daily Technical Analysis – 12 December 2013December 12, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is trading lower against the dollar on Thursday, following seven consecutive wining sessions. The rally over the last seven days has been particularly aggressive, so this could just be a temporary consolidation in the pair rather than a bigger retracement. This is what the […]
Daily Technical Analysis – 25 November 2013November 25, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is looking bearish again this week, having failed to break back above the ascending wedge. Even the weekly chart is looking a little bearish, with last week’s candle being a hanging man, signalling a trend reversal. It is worth noting that this is not […]
Posted on noviembre 27th, 2013 in EUR/USD, Market News, Markets, Technical AnalysisEUR/USD still tries to pull back to the former price channelPrice action for the EUR/USD has been interesting in recent weeks. The latest rebound is taking the currency pair to test the bottom of a bullish… >>EUR/JPY: Flirting with the 2009A price chart shows how the EUR/JPY has no resistance […]
