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Forex4you posted blog posts
9 hours ago
Forex4you's blog post was featured

Forex4you Technical Analysis 22 May 2013

EUR/USD: Tentative RecoveryThe EUR/USD pair failed to follow-through after the bearish break below the July '12 trend-line. It has started to rebound, forming an inverted head and shoulders pattern with a neckline at 1.2930; a decisive break above which could lead to a rally up to 1.3070 eventually, although strong resistance at 1.2980, composed of the 50 and 200-day MA could slow progress on the way up. Given the overall bearish tenor of the chart, however, and the high event risk of…See More
12 hours ago
Forex4you's 2 blog posts were featured
Monday
Forex4you posted a blog post

Forex4you Technical Analysis 20 May 2013

EUR/USD: Trend-Line BrokenEurodollar has broken down and closed below the major trend-line from the July '12 lows, which is a bearish indication. This morning there has been a recovery to 1.2860 but it is unlikely to go much higher as upside is capped by the underside of the trend-line just breached and a thick grouping of pivots and moving averages at 1.2870. The trend-line break suggests there will probably be a stronger move lower, with an eventual target all the way down at 1.2455 although…See More
Monday
Forex4you posted blog posts
May 17
Forex4you's blog post was featured

Forex4you Technical Analysis 15 May 2013

AUD/USD: Close to Triangle BorderThe aussie has broken down out of the sideways consolidation range on the weekly chart. It will probably now eventually fall to the lower border of the multi-month triangle at 0.9780, however, it has already reached strong support from the level of the monthly pivot at 0.9830, which could lead to a bounce first, with a move above 0.9920 giving bullish confirmation of a rally, probably to parity, although overall the chart looks quite bearish. A downside breakout…See More
May 16
Forex4you posted a blog post

Forex4you Technical Analysis 15 May 2013

AUD/USD: Close to Triangle BorderThe aussie has broken down out of the sideways consolidation range on the weekly chart. It will probably now eventually fall to the lower border of the multi-month triangle at 0.9780, however, it has already reached strong support from the level of the monthly pivot at 0.9830, which could lead to a bounce first, with a move above 0.9920 giving bullish confirmation of a rally, probably to parity, although overall the chart looks quite bearish. A downside breakout…See More
May 15
Forex4you's blog post was featured

Forex4you Technical Analysis 09 May 2013

AUD/USD: Bouncing off range lowsThe aussie has bounced off the monthly pivot and the consolidation range lows at 1.0150 and reached the 1.0250 level, just shy of the key 1.0255 which would add confirmation of a possible reversal. We will probably now get a move above 1.0255 confirming upside and another leg higher, with a possible initial target at the 50-day MA at 1.0340. It is then possible it will be followed by a further move up to 1.0550 range highs. Alternatively, a decisive move below…See More
May 10
Forex4you posted a blog post

Forex4you Technical Analysis 09 May 2013

AUD/USD: Bouncing off range lowsThe aussie has bounced off the monthly pivot and the consolidation range lows at 1.0150 and reached the 1.0250 level, just shy of the key 1.0255 which would add confirmation of a possible reversal. We will probably now get a move above 1.0255 confirming upside and another leg higher, with a possible initial target at the 50-day MA at 1.0340. It is then possible it will be followed by a further move up to 1.0550 range highs. Alternatively, a decisive move below…See More
May 9
Forex4you posted a blog post

Forex4you Technical Analysis 07 May 2013

AUD/USD: bear move hits range lowsThe down-trend in the aussie continues and has gained fresh impetus from news of an RBA's rate cut. It has now reached the region of the box range lows at 1.0150 where it could begin to consolidate or even bounce. The monthly pivot at 1.0195 adds further support, however, there are no signs of reversal yet and given the RBA action the probabilities may favour a breakdown. A move below 1.0115 would probably reach the monthly pivot at 1.0027. I would want to see…See More
May 7
Forex4you's blog post was featured

Forex4you Technical Analysis 06 May 2013

EUR/USD: Long-Term P&F TargetA long-term target of 1.4100 has been fixed on the 50 pip box point & figure chart as illustrated below. This is quite a reliable chart for trading longer-term based on results from the last 12 years. Now to activate the target and trigger a trading opportunity the exchange rate would have to move up to 1.3250 in the current column. This would also trigger a triple top continuation pattern, a further bullish sign. The stop would be placed at the 1.2700…See More
May 7
Forex4you posted a blog post

Forex4you Technical Analysis 06 May 2013

EUR/USD: Long-Term P&F TargetA long-term target of 1.4100 has been fixed on the 50 pip box point & figure chart as illustrated below. This is quite a reliable chart for trading longer-term based on results from the last 12 years. Now to activate the target and trigger a trading opportunity the exchange rate would have to move up to 1.3250 in the current column. This would also trigger a triple top continuation pattern, a further bullish sign. The stop would be placed at the 1.2700…See More
May 6
Forex4you's 2 blog posts were featured
May 4
Forex4you posted a blog post

Forex4you Technical Analysis 03 May 2013

AUD/USD: Correcting Down-moveThe current rally in the aussie which began on the 2nd of May is probably a correction which will run out of steam, most probably at 1.0345 where the 50-day MA and a down-sloping trend-line intersect. After that we could see the next leg lower take shape, falling down to 1.0195 initially but ultimately to the wider consolidation lows at 1.0150. Alternatively, a break above 1.0385 could be bullish and lead to double bottom triggering and a swift short-covering rally…See More
May 3
Forex4you posted a blog post

Forex4you Technical Analysis 02 May 2013

EUR/USD: Bearish signs, ECB on tapEurodollar has stalled in its up-trend and formed a bearish shooting-star candle on the daily chart. On the hourly chart there is a head and shoulders pattern with a neckline at 1.3145. If the pair breaks below the neckline it will probably move down towards the trend-line at 1.3085. Alternatively it is possible the up-trend could resume again, with a break above 1.3200 seeing the start of a recovery to the upside, although for more confirmation it would have…See More
May 2
Forex4you's blog post was featured

Forex4you Technical Analysis 30 April 2013

EUR/USD: Rising within a consolidationOverall the EUR/USD pair is trading in a chaotic range in between 1.3180 and 1.2980. Within that sideways band, however, it seems to currently have an upside bias. A break above the 1.3120 highs would be key in confirming a continuation higher, with an upside target at 1.3160 where the 100-day MA is situated. Today has been a down day so far, however, and it is possible that there could be more downside temporarily, although it would probably be limited by…See More
May 1

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Forex4you's Blog

Forex4you Technical Analysis 23 May 2013

Posted on May 23, 2013 at 7:53pm 0 Comments

AUD/USD: Bouncing in Down-Trend

The aussie has resumed its descent and reached close to previous lows at 0.9580 which might be expected to provide support. It has recovered strongly today and climbed back up although it will meet resistance at 0.9765 from the down-sloping trend-line for the move, at which point it could stop and resume its descent. The 0.9387 lows are next in focus although ultimately…

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Forex4you Technical Analysis 22 May 2013

Posted on May 22, 2013 at 11:15pm 0 Comments

EUR/USD: Tentative Recovery

The EUR/USD pair failed to follow-through after the bearish break below the July '12 trend-line. It has started to rebound, forming an inverted head and shoulders pattern with a neckline at 1.2930; a decisive break above which could lead to a rally up to 1.3070 eventually, although strong resistance at 1.2980, composed of the 50 and 200-day MA could slow progress on the way up.…

Continue

Forex4you Technical Analysis 20 May 2013

Posted on May 20, 2013 at 4:40pm 0 Comments

EUR/USD: Trend-Line Broken

Eurodollar has broken down and closed below the major trend-line from the July '12 lows, which is a bearish indication. This morning there has been a recovery to 1.2860 but it is unlikely to go much higher as upside is capped by the underside of the trend-line just breached and a thick grouping of pivots and moving averages at 1.2870. The trend-line break suggests…

Continue

Forex4you Technical Analysis 17 May 2013

Posted on May 17, 2013 at 9:42pm 0 Comments

AUD/USD: Attempting Triangle Breakout

The aussie dollar has fallen to a major support level provided by the lower boundary of the multi-month triangle it has been moving in on the long-term charts. It looks poised to break lower after showing even more weakness today. It has broken down through the monthly pivot which was adding its weight to support at 0.9835. However, a daily close below 0.9780 would be…

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