Posts Tagged by forex
EUR/USD Forex Analysis – Jan 11
| January 11, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Strong buying in the EUR through early trading and currently sits at 1.4500, an interesting level. Continued movement above 1.4500 indicates at least a short-term swing higher for the EUR. Resistance beyond this level is scattered and does not come in significantly until the 1.4600 area, 1.4625, 1.4665 and the 1.4700 region. On the downside…
EUR/USD Analysis – NFP Day – Jan 8
| January 7, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The NFP report is due out Friday, and it is likely to cause a lot of volatility. Estimates of the number vary greatly, so almost any number is likely to cause a stir. Currently the pair sits just above 1.4300. Short-term support is there, as well as the short-term trend line has also worked its…
EUR/USD Analysis – January 7
| January 7, 2010 | Posted by admin under Stocks & Stock Market Analysis |
On Wednesday the pair had a broader range than average with the ISM data helping pushing the EUR higher. FOMC Minutes later in the day caused another brief surge, but ultimately the release was benign. Early trading in the Thursday session has the EUR pushing above Wednesday’s high at 1.4435. A continued move higher is…
EUR/USD Analysis – Jan 6
| January 6, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The pair tried to reach the target of 1.4500 on Tuesday, but failed, falling back below Monday’s high. That area, just under 1.4460 provided resistance again later in the day on Tuesday when the pair tried to rally again, but was stalled. The pair is now mid-range, and a break below short-term support at 1.4340…
EUR/USD Analysis – Jan 5
| January 4, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Strong rally for the the EUR on Monday and the sideways action later in the day has given us some good levels to watch. 1.4400 is current support for the EUR/USD, but support is also apparent right through to 1.4370. A break below that is likely to target support at 1.4335-1.4325 followed by 1.4300 and…
EUR/USD – Outlook for Jan 4, 2010
| January 4, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Happy New Year everyone. For at least the first few minutes of trading here the pair has not done too much, but did have some movement off the open but as of this moment has stabilized. This has placed support between 1.4300-1.4285 with additional support at 1.4270. If the pair moves beyond this, a reasonable…
EUR/USD – Dec 22
| December 22, 2009 | Posted by admin under Stocks & Stock Market Analysis |
The trend is still down, but appears to be waning slightly; divergence is apparent on several times frames (although this is not a signal by itself, price needs to confirm). Near-term support is at 1.4260, but 1.4250 is also likely to act as support. A break below 1.4250 indicates a move to 1.4150. There is…
EUR/USD- Levels to Watch Dec 20/21
| December 20, 2009 | Posted by admin under Stocks & Stock Market Analysis |
As we head into this trading week, the trend is still down, but appears to be waning slightly; divergence is apparent on several times frames (although this is not a signal by itself, price needs to confirm). Near-term support is at 1.4300. A drop below is likely to test former lows at 1.4260, but 1.4250…
EUR/USD – More of the Same for Dec 18?
| December 18, 2009 | Posted by admin under Stocks & Stock Market Analysis |
Definitely a tough day for the EUR. The pair fell over 200 pips at one point, but closed just inside that. The move was far beyond average, but as mentioned in previous posts, the 1.4500 level was very important and when the market broke through it, it fell aggressively and swiftly. This has put support…
EUR/USD: What to Watch For on Dec 17
| December 16, 2009 | Posted by admin under Stocks & Stock Market Analysis |
Wednesday, despite lots of economic data, traded within a 90 pip range…rather similar Dec 14. It would appear we have a similar set up. Thursday will tell us if this is the case. This pair is still exhibiting weakness, and probabilities lie on the downside. 1.4500 is current support, although the actual support range is…
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