Next target if the pair moves above 1.4968 Fib level will be 1.5053.
A move below 1.4829 will open doors for 1.4715 (trend line).
Technical picture is still bullish.
Support at 1.4885
Trend line at 1.4900
Tuesday, October 20, 2009
EUR/USD Technical View Point
EUR/USD: Pair hold a strong trend line and is above 1.4900.
Next target if the pair moves above 1.4968 Fib level will be 1.5053.
A move below 1.4829 will open doors for 1.4715 (trend line).
Technical picture is still bullish.
Support at 1.4885
Trend line at 1.4900
Next target if the pair moves above 1.4968 Fib level will be 1.5053.
A move below 1.4829 will open doors for 1.4715 (trend line).
Technical picture is still bullish.
Support at 1.4885
Trend line at 1.4900
Sunday, October 18, 2009
EUR/USD Latest development
EUR/USD broke the trend line on a H4 chart. Dollar might see a day or two of straightening. This can be a correction as the trend is Bearish for Dollar.
Thought:
If EUR/USD on H2 and then on H4 chart have Moving averages (EMA 10 with 90) crossover then we might see a dip towards 1.4720. Dollar might see a day or two of straightening. This can be a correction as the trend is Bearish for Dollar.
Thought:
If EUR/USD on H2 and then on H4 chart have Moving averages (EMA 10 with 90) crossover then we might see a dip towards 1.4720. Dollar might see a day or two of straightening. This can be a correction as the trend is Bearish for Dollar.
EUR/USD
The pair moved above 1.4900 and found resistance at 1.4915/17 Level. There is a support around 1.4858 level.
1.4915 can also be considered a C.
Opening Price: 1.4887
See Chart
Thursday, October 15, 2009
Monday, October 12, 2009
USD/JPY has a lot of room for upside but!!
USD/JPY
Even the dollar lost its early gains against Yen the pair only retraced and came down to test some levels and since then it is holding a key level.
The pair has a lot of room towards upside but its is in a bearish trend. Any break below 50.0 retracment level (This level comes after the pair broke the inner bearish trend line).
The pair is still bearish but has a lot of room till the First long term resistance level that comes around 94.50.
See Chart H4
Even the dollar lost its early gains against Yen the pair only retraced and came down to test some levels and since then it is holding a key level.
The pair has a lot of room towards upside but its is in a bearish trend. Any break below 50.0 retracment level (This level comes after the pair broke the inner bearish trend line).
The pair is still bearish but has a lot of room till the First long term resistance level that comes around 94.50.
See Chart H4
Sunday, October 11, 2009
Friday, October 9, 2009
Thursday, October 8, 2009
EUR/USD
EUR/USD is again attracting Bulls to score one more time. The target is around 1.4874.
Daily chart shows bulls in control. Weekly chart: Beginning of the week showed the impression of an evening star but latest developments have shown that the bulls are still in control.
See Daily Chart.
Daily chart shows bulls in control. Weekly chart: Beginning of the week showed the impression of an evening star but latest developments have shown that the bulls are still in control.
See Daily Chart.
Tuesday, October 6, 2009
AUD/USD Fresh High and Still bullish
The pair is still bullish with last C at 0.8873
There has to be an indication before Bears enter the market.
Strongly bullish
My trade
Long at 0.8900
Stop loss at 0.8870
Take Profit 0.8925
There has to be an indication before Bears enter the market.
Strongly bullish
My trade
Long at 0.8900
Stop loss at 0.8870
Take Profit 0.8925
Monday, October 5, 2009
AUD/USD
The pair is strongly bullish with commodities gaining across the board is fueling the pair to target for another high for the year.
Oil above USD70 Gold above USD1010
My Trade
Entry: Long 0.8760
T/P 0.8820
T/L 0.8740
Oil above USD70 Gold above USD1010
My Trade
Entry: Long 0.8760
T/P 0.8820
T/L 0.8740
Subscribe to:
Posts (Atom)