Forex Academy Quick Links:
Language:
English

trendline

December 21st, 2007 @ 7:36 am by Bogdan Parascanu

Click here to read the full article.

Thursday’s Dec 20th midday analysis -13.00 GMT

EurUsd failling to print a new low in yesterday’s US session gave bulls enough reason to push the pair higher and so it touched the 1.4400 intraday resistance and after that we saw a small retracement towards the 50.0 Fibonacci of yesterday’s trading renage. We may a second attempt at the 1.4400 level in today’s remaining trading hours.

eur-dec-21-07-noon.gif

GbpUsd traded inside Thursday’s range, and after it didn’t manage to break a new low we are trading just under the 1.9900 resistance and chances are the pair will head higher in the US session.

gbp-dec-21-07-noon.gif

Click here to read the full article.

December 21st, 2007 @ 3:22 am by Bogdan Parascanu

Click here to read the full article.

EUR/USD Technical View

Euro failed to reach the 1.4300 round number on Thursday and stopped only pips away; after that the pair bounced back and in today’s Asian session we saw it make an intraday high at 1.4400. Unless something unexpected happens we think we are going to trade around the current levels at least until the US session when we could see a stronger move forming. Looking for support and resistance level we have to take into consideration the current weeks high and low at 1.4450 and 1.4310 respectively as the closest levels that need to be broken for the pair to move either way.
Resistance Levels

  • 1.5000– round number
  • 1.4966- Nov 23rd high
  • 1.4735 –Nov 9th High

Support Levels

  • 1.4500- round number
  • 1.4300 – Sept 30th High
  • 1.4000 – Round number
  • 1.3850 – July 24th High

Read the rest of this entry »

Click here to read the full article.

December 19th, 2007 @ 7:50 am by Bogdan Parascanu

Click here to read the full article.

Wednesday’s Dec 19th midday analysis -13.00 GMT

EurUsd has entered into the 3rd consecutive tight range day, it covered today only 50 pips with the mention that it broke under the trendline connecting monday and tuesday’s lows and has already retested the trendline now turned into resistance and one could expect a move lower later on in the US session.

eur-dec-19-07-noon.gif

GbpUsd broke lower today when the BOE minutes got out, and before that the pair surged higher and tested the 2.0180 intraday resistance. Today’s low at 2.0030 is just pips away from the Fibonacci Expansion target we mentioned a while back and we are looking to get closer to the 2.00 area in the following hours.

gbp-dec-19-07-noon.gif

Click here to read the full article.

November 28th, 2007 @ 5:03 am by Bogdan Parascanu

Click here to read the full article.

EUR/USD Technical View

Euro tried to move higher on Tuesday but although it touched the 1.4900 level it failed to stay up there and started to move lower in the second part of the US session; the move continued in today’s Asian session and early European trading hours. The pair broke the 1.4800 support level and moved sharply towards the next support area at 1.4700/1.4735, a place where we are trading at the moment. A continuation south will have to push the pair through some tough support levels and an upsloping trendline that we have marked on the chart below, with that in mind we think EurUsd will slow down and trade around the current level for a while until we get some market moving data from the Us.

Resistance Levels

  • 1.5000– round number
  • 1.4966- Nov 23rd high
  • 1.4735 –Nov 9th High

Support Levels

  • 1.4500- round number
  • 1.4300 – Sept 30th High
  • 1.4000 – Round number
  • 1.3850 – July 24th High

Read the rest of this entry »

Click here to read the full article.

November 19th, 2007 @ 8:23 am by Bogdan Parascanu

Click here to read the full article.

Welcome to Monday Nov 19th midday analysis -13.30 GMT

EurUsd continued to trade below the 1.4700 resistance area today, and it found support at Friday’s mid range level of 1.4625; after that the pair started to move higher and it is doing so at the moment just before the US markets open. We expect the pair to retest today’s high and perhaps make a new high in today’s US session.

eur-nov-19-07-noon.gif

GbpUsd acted very similar to the Euro, and moved lower for the first part of the day and found support at the 50.0 Fib Line of Friday’s up move and after that the pair recovered and starte dtrading above 2.0500. Getting above the trendline connecting the asian session highs will give a more bullish signal.

gbp-nov-19-07-noon.gif

Click here to read the full article.

November 15th, 2007 @ 3:08 am by Bogdan Parascanu

Click here to read the full article.

EUR/USD Technical View

Euro printed a green bar on the daily charts yesterday, and although it pushed above 1.4700 to a make a daily high at 1.4726 it lacked the energy to stay there and it retraced close to the current trading level of 1.4680. The area above 1.4700 proves to be tough resistance as we’ve already mentioned in our previous commentary but the pair still maintains, for the time being, its bullish bias. Again we have to reiterate that we have our sights set on the current YTD high at 1.4735, if the pair crosses decisively above 1.4700 we should reach that target by the end of the week, yesterday the pair was just a few pips away from making a new high. On the other side, if the 1.4700/1.4735 area proves to tough it might push the pair lower and first support is around the 1.4600 and the up sloping trendline.

Resistance Levels

  • 1.5000– round number
  • 1.4735 –Nov 9th High

Support Levels

  • 1.4500- round number
  • 1.4300 – Sept 30th High
  • 1.4000 – Round number
  • 1.3850 – July 24th High

Read the rest of this entry »

Click here to read the full article.

November 14th, 2007 @ 4:30 am by Bogdan Parascanu

Click here to read the full article.

EUR/USD Technical View

Euro recovered nicely from Monday’s sharp fall, it bounced from just above the 1.4500 level and is now trading around 1.4650 area. Although the pair still looks overbought on the daily charts, as seen below, the bullish momentum has return and confidence in longs is building up again. Looking for possible targets and resistance levels we have our sights set on the current YTD high at 1.4735, if the pair crosses decisively above 1.4700 we should reach that target by the end of the week. Conversely a failure to get and stay above 1.4700 might add pressure on the pair and encourage bears to start pushing the pair lower, in that case once again we have to look at the up sloping trendline to offer some support and at this weeks low at 1.4518.

Resistance Levels

  • 1.5000– round number
  • 1.4735 –Nov 9th High

Support Levels

  • 1.4500- round number
  • 1.4300 – Sept 30th High
  • 1.4000 – Round number
  • 1.3850 – July 24th High

Read the rest of this entry »

Click here to read the full article.

November 9th, 2007 @ 4:41 am by Bogdan Parascanu

Click here to read the full article.

EUR/USD Technical View

Euro continued its north trip, although yesterday’s price action formed an inside bar we have seen the pair take Wednesday’s high by a few pips to establish a new one at 1.4735. Once above the 1.4700 the bullish momentum has slowed down as many bullish traders took profits and the bears had new reasons to open new trades, the area just above 1.4700 represents a resistance zone and breaking higher might take some time. Looking at the daily chart below we can see that the pair is in overbought territory and a repositioning of the players is not out of the question, with that in mind if the pair slips below 1.4700 we should change focus towards the 1.4600 area which combined with an up sloping trendline should provide consistent support.

Resistance Levels

  • 1.5000– round number
  • 1.4728 –Nov 7th High
  • 1.4500- round number

Support Levels

  • 1.4300 – Sept 30th High
  • 1.4000 – Round number
  • 1.3930 – September 13th high
  • 1.3850 – July 24th High

Read the rest of this entry »

Click here to read the full article.
  • Page 1 of 2
  • 1
  • 2
  • >

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Blog Archive

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory