Hi, I hope everyone had a wonderful weekend. Today I will like to share with you the technical analysis of EUR/GBP hope it will help you trade better. This technical analysis is thanks to Instaforex, the best broker of Asia. if you will like more information and the wonderful advantages you have…Continue
Added by Maria Galindo on January 31, 2011 at 9:02pm — No Comments
Swissie is in the ping pong zone after bouncing off 78.6% Fibonacci retracement level. This range zone is between 0.9400 and 0.9470 and price went up and down so many times in this rectangle.
You can see the range zone in the four hour chart below:
I like long tails to the downside and…
Added by Henry Jorlando on January 31, 2011 at 3:18pm — No Comments
Added by LigaForex on January 31, 2011 at 3:04pm — No Comments
Have you ever had the experience in your trading where you’ve accumulated hundreds of pips at the end of the month but yet your equity curve doesn’t look quite as impressive as you would expect? Even worse…have you ever had a net loss when your account balance should have soared, after the number of positive pips that you made? Pip positive, yet dollar negative? Well, I have, and in the spirit of sharing and possibly helping other traders who might have experienced this, I will attempt to…Continue
Added by Henry Jorlando on January 31, 2011 at 5:22am — No Comments
Now the analysis:
Only a Breach of the 114.00 resistance level will cancel the prediction bearish on the pair.
The pair has broken the trend line that had formed in 4 hours,…Continue
Added by Maria Galindo on January 28, 2011 at 8:07pm — No Comments
Added by LigaForex on January 28, 2011 at 3:08pm — No Comments
We had got a good long signal on this pair three days ago with 100pips profit as Euro strength and Aussie weakness is clear to the market participants these days.
A daily trendline resides around 1.3900 round level and price is near to reach it. Also if you see the chart below you will see that price level has acted as a resistant before.
It also serves to note that we have got a…
Added by Henry Jorlando on January 28, 2011 at 4:45am — No Comments
Added by Maria Galindo on January 27, 2011 at 9:04pm — No Comments
Price is still in a tight range between 82.00 and 83.50 and despite of that, sentiment is still bullish and upward pressure on this pair is very big. Price has finally made a low at 80.23 and now is trading blow 83.00 level.Continue
Added by Henry Jorlando on January 27, 2011 at 3:48pm — No Comments
Added by LigaForex on January 27, 2011 at 3:07pm — No Comments
As reported by MarketLeader(US)
Added by Evgeny on January 27, 2011 at 1:08pm — No Comments
Gbpaud is currently retesting the support of previous trading range on the daily timeframe at 1.5820s after bouncing off the all-time low at 1.5132, and having spiked up more than half-way through the range. The 4-hour chart shows a nice bullish engulfing bar that formed on impact with the daily range support, and I am watching it for further clues for direction. I do favour a long, due to current setup, however, I will look at an alternate scenario below:…Continue
Added by Henry Jorlando on January 27, 2011 at 7:01am — No Comments
Again price is near 1.5880 level and it seems that now bears are there as we know a broken support will become resistant and vice versa.
You can see in chart above that 488EMA has held the price nicely in the four hour timeframe and price bounced off this EMA after hopeless UK GDP release.
Price have to close above 1.5880 before considering that bulls are again in action, so watch…
Added by Henry Jorlando on January 26, 2011 at 3:47pm — No Comments
Added by Jency Halls on January 26, 2011 at 3:11pm — No Comments
Euro ——> Bullish!
Strange! Speculators positioning has changed dramatically and now they are net long! They had around 45000 net short contracts and now they have 4109 net long contracts! It’s strange isn’t it?
So the bias has changed completely and now bulls are going to show their power to the bears.…
Added by Henry Jorlando on January 26, 2011 at 4:43am — No Comments
As reported by MarketLeader(US)
Added by Evgeny on January 25, 2011 at 7:02pm — No Comments
Price is under attack from late 2008 and is plunging week after week without any concerns. Now it’s promising that we can see a bullish trend for around 15days. Here I want to write some words about the intraday chart of this pair as I think there are some good opportunities to catch some pips.
In the H4 chart below you can see that as we have a strong bullish trend, moving averages are acting as good support areas. Price is going to bounce off the river again in the four hour chart and…
Added by Henry Jorlando on January 25, 2011 at 4:20pm — No Comments
Added by LigaForex on January 25, 2011 at 3:13pm — No Comments
Price launched off 0.8330 and increased 6 days in a row in the daily channel which I noted before. Price is now struggling at the upper bond of the channel and break above this trendline will indicate more strength in this pair.
Also we have got a H1 bearish gartley pattern:
Added by Henry Jorlando on January 25, 2011 at 3:24am — No Comments
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Added by Forex-Metal on January 24, 2011 at 11:54pm — No Comments