Technical Analysis

  • Trading ideas on AUD/USD, GBP/USD and USD/CHF 11/20

    November 20 2012 10:15 AM

    The view remains the same and the pair continues to trade in the 0.9520-9380 and is facing resistance on every rise towards 0.9430. Also the short term charts is showing a bearish SHS with down side target of 0.9320 and the neckline has already been broken. Having said that the uptrend on the short term charts is not yet broken with the trend line support coming at 0.9375. Only a break of this will be a conformation of the down move. Looking at Euro which is trading in the 1.2820-2660 range but there is a possibility of it breaking this range on the upside which will be bearish for Swiss. So the bias remains for Swiss to break 0.9375 and move lower.

  • Forex - USD/CHF Technical Analysis (US Dollar / Swiss Franc)

    November 20 2012 5:12 AM

    The correction has finaly continued on the pair USD/CHF who get back below the major support at 0.9423 and is currently testing its medium term bullish slant (black line). So, we are neutral between 0.9380 (low of November 7th) and 0.9423.

  • Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)

    November 20 2012 5:10 AM

    The pair AUD/USD has validated yesterday a return above 1.04 but the price seems to have some difficulties to pursuit its movement above this level. The price has reached 1.0425 at its highest and is curently testing 1.04 as support.

  • EUR/USD Daily Free Signals by AutotradingFX 11/20EUR/USD Daily Free Signals by AutotradingFX 11/20

    November 20 2012 4:23 AM

    Buy @: 1.2842 TP Buy @: 1.2871 SL Buy @: 1.2792

  • GBP/USD Daily Free Signals by AutotradingFX 11/20GBP/USD Daily Free Signals by AutotradingFX 11/20

    November 20 2012 4:19 AM

    Buy @: 1.5923 TP Buy @: 1.5946 SL Buy @: 1.5873

  • GBP/USD: Pivot Point Signal 20.11.2012

    November 20 2012 3:08 AM

    Buy at 1,59336 Stop Loss at 1,59036 Take Profit at 1,59636

  • EUR/USD: Pivot Point Signal 20.11.2012

    November 20 2012 3:06 AM

    Buy at 1,28198 Stop Loss at 1,27898 Take Profit at 1,29498

  • Forex - USD/JPY Technical Analysis (US Dollar / Yen)

    November 19 2012 7:07 AM

    The Yen continues to depreciate againt the US Dollar. The price is now moving above its medium term bullish channel (black lines) and got over the resistance at 81, giving us a new buy signal. Howerer, the pair USD/JPY seems to make a break into its bullish rally and is moving since November 15th between the support at 81 and the resistance at 81.50. Despite this, the price has opened the week on a small bullish gap.

  • Forex - GBP/JPY Technical Analysis (British Pound / Yen)

    November 19 2012 7:05 AM

    The pair GBP/JPY continues to benefit from the weakness of the Yen to pursuit its bullish rally. The price is currently testing the major resistance at 129.50 for the third time. This level matches with a former medium term bullish slant (purple line) who could also act as resistance. The last bullish movement has been led by a short term bullish slant (black lines).

  • Forex - EUR/USD Technical Analysis (Euro / US Dollar)

    November 19 2012 7:04 AM

    The pair EUR/USD made last friday a quick pullback on 1.27 as support and is currently making a rebound. The price is testing the paralell of its bearish channel (brown lines).

  • Forex - EUR/JPY Technical Analysis (Euro / Yen)

    November 19 2012 7:02 AM

    The pair EUR/JPY has failed to get over the resistance at 104 last week after a validation of the breakout of the bearish slant (brown lines). The price made a pullback on this slant and is currently testing again 104.

  • Trading ideas on AUD/USD, GBP/USD and USD/CHF 11/19

    November 19 2012 4:53 AM

    The pair through the week has been quite bearish after giving a close above 0.9460 last week it dipped below through the week and found support near 0.9400 as it bounced back again. The break above 0.9460 could not be sustained and the pair gave away its gains as the Euro found support at 1.2660 and bounced back, in the coming week there are good chances that the pair will remains ranged between 0.9520-0.9380 and Euro remains ranged between 1.2800-2660. The markets will be looking forward for the Existing home sales and the Housing starts numbers due early next week and if the numbers are better than expected we could then see the Euro coming lower near 1.2660 and Swiss moving towards the upper end of 0.9520 range in the early part of the week. So the bias remains for Swiss trading between 0.9520-9380 for the coming sessions. Having said that the chances of a strong break above 0.9520 are quite slim and if at all witnessed then 0.9610 will be seen, but the preferred scene will be for a ranged move in the coming week.

  • EUR/USD Daily Free Signals by AutotradingFX 11/19EUR/USD Daily Free Signals by AutotradingFX 11/19

    November 19 2012 3:28 AM

    Sell @: 1.2733 TP Sell @: 1.2716 SL Sell @: 1.2783

  • GBP/USD Daily Free Signals by AutotradingFX 11/19GBP/USD Daily Free Signals by AutotradingFX 11/19

    November 19 2012 3:25 AM

    Buy @: 1.5923 TP Buy @: 1.5939 SL Buy @: 1.5873

  • GBP/USD: Pivot Point Signal 19.11.2012

    November 19 2012 2:57 AM

    Buy at 1,59023 Stop Loss at 1,58723 Take Profit at 1,59323

  • EUR/USD: Pivot Point Signal 19.11.2012

    November 19 2012 2:56 AM

    Buy at 1,27680 Stop Loss at 1,27380 Take Profit at 1,27980

  •  Euro - US-Dollar: EUR/USD Forecast | EUR/USD Weekly Outlook @ Forex Abode Euro - US-Dollar: EUR/USD Forecast | EUR/USD Weekly Outlook @ Forex Abode

    November 18 2012 6:00 PM

    Euro-US Dollar (EUR/USD) could not break below 200-day moving average support mentioned. The currency pair went as low as 1.2661 but jumped up to 1.2802 and after finding resistance below 22-day EMA, dropped by 112 pip before closing for the week at 1.2742. The movement during the later part of the week has been non-directional.

  •  Euro - Yen: EUR/JPY Forecast | EUR/JPY Weekly Outlook @ Forex Abode Euro - Yen: EUR/JPY Forecast | EUR/JPY Weekly Outlook @ Forex Abode

    November 18 2012 5:53 PM

    Euro-Japanese Yen (EUR/JPY), initially moved to 100.33 and found very strong support there i.e. just above the support zone mentioned by us during the last week (quoted above). The currency pair then jumped up strongly to 103.99 before closing for the week at 103.60.

  •  US Dollar - Yen: USD/JPY Forecast | USD/JPY Weekly Outlook @ Forex Abode US Dollar - Yen: USD/JPY Forecast | USD/JPY Weekly Outlook @ Forex Abode

    November 18 2012 5:42 PM

    US Dollar - Japanese Yen (USD/JPY) did something which we could not witness for quite some time. The pair showed a volatility of 225 pips during last week. After dropping to 79.21, USD/JPY had a very strong upward jump to 81.46 before entering into a sideways mode and closing for the week at 81.30.

  •  GBP/USD Forecast | GBP/USD Weekly Outlook @ ForexAbode GBP/USD Forecast | GBP/USD Weekly Outlook @ ForexAbode

    November 18 2012 5:35 PM

    British Pound - US Dollar (GBP/USD) tried to break the support of 200-day moving average and went 22 pips below the 1.5850 support mentioned by us during last weekend (quoted above). The pair touched 1.5828 and found support there to enter a sideways mode. After finding some resistance at 1.5901, the pair closed for the week at 1.5879.