Archive for September 23rd, 2009

EUR/USD-market strategy can be a sell from the level 1.4810$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover above the zero line. In order to find the power of the market, we use… more from... »

EUR/USD Today’s support: – 1.4748 and 1.4712(main), where correction is possible. Break would give 1.4681, where correction also may be. Then follows 1.4665. Break of the latter would result in 1.4620. If a strong impulse, we would see 1.4577. Continuation will give 1.4552. more from source »

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. more from source »

Since September, the EUR has been trading close to a bullish trend-line against the USD. It touched the pivot resistance at 1.4814, but couldn`t cross it. The RSI shows an overbought market and may indicate a bearish trend-reversal. The next support could be at 1.4761 according to its Pivot point…. more from... »

On Tuesday Pound/Dollar rose significantly from 1.6212 to 1.6393, closing the day at 1.6357. Of the 1 hour chart after being unable to break under the 1.6113 support level, the Cable climbed. As the British currency, however is overbought, our expectations are bearish in the short term, with objectives towards… more from... »

The Euro has been holding above 1.4750 levels (important resistance ) moving towards the next target 1.4850 levels.Immediate support is seen at 1.4570. Break below that area could be a valid breakdown from the rising wedge and could trigger a downside momentum. Look for short opportunities but only for intraday… more from... »

The pre-planned break-out variant for sales was implemented with overlap of minimal estimated target. OsMA trend indicator, having marked considerable bearish activity rise at the break of key supports gives grounds to sales priorities of planning of trading operations for today. On the assumption of it we can suppose rate… more from... »

EURUSD Comment: A mess around midnight London time took the Euro to a new high for this year at 1.4843 (Kiwi leading the way higher). The 9-day moving average limited the downside yesterday and will hopefully do so again today. Note that we are witnessing generalised US dollar weakness rather… more from... »

The daily double top formation is still negatively affecting the pair as seen on our provided daily chart, particularly after breaching the support areas of 149.00 , supported by the bearish structure of the four-hour candlestick as seen on the secondary image. Hence we still expect some consolidating movements before… more from... »

The Euro versus Dollar pair surged to the upside to near our initial target for the intraday uptrend at 1.4875. We see in the above image that trading is within a bullish channel continuing the intraday uptrend with targets at 1.4960 yet with possibility of a slight downside correction to… more from... »