Posts Tagged by forex analysis
How to Use Forex Volatility Stats
| April 3, 2012 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
On the Daily Forex Stats Page you will find forex volatility studies and correlation data . Forex volatility stats may seem daunting, but they are not. In fact, being aware of the average daily volatility can be very helpful. Not only can it aid in setting profit targets or entries (or eliminating some) but statistical strategies can…
Watch for a breakout in GBP/USD
| October 21, 2011 | Posted by admin under Forex - GBP/USD |
After a steep decline towards the end of August, the GBP/USD put in a higher low and a successive higher high. The pair is now in a range since October 12. Ranges are not an ideal trading pattern, but if it sets up well heading into the breakout it may be worth getting in for…
EUR/USD forming short-term triangle – October 20
| October 20, 2011 | Posted by admin under Forex - EUR/USD |
The EUR/USD is so far moving sideways this week in a narrowing pattern. The chart shows the triangle pattern which is forming. The pair, which has seen choppy trading in recent months, is in the middle of major support and resistance. Technically, the likelihood of a move up or down is nearly the same. Given…
NZD/USD Testing Hourly Support
| October 18, 2011 | Posted by admin under Forex - Other Pairs |
NZD/USD, which currently trades at 0.7913, is nearing hourly support at 0.7885. In the midst of a downtrend on the daily chart, a break below the support line sets up a target of 0.7725. This breakout has not occurred yet, and the hourly RSI implies current over-sold conditions. Therefore, a short-term bounce is possible. Longer-term trend remains…
GBP/JPY testing intermediate trendline on long-term chart
| October 16, 2011 | Posted by admin under Forex - Other Pairs |
Since 2007 the GBP has been crushed against the JPY, losing more than half its value. From 2008 on though it is arguable that the pair has been putting in a basing pattern. With the broader trend still down, the pair is currently testing an intermediate trendline (purple line on chart). The current leg of…
USD/CHF & GBP/USD – Technical Outlook
| July 19, 2011 | Posted by admin under Forex - GBP/USD, Forex - USD/CHF |
The following is a brief longer-term outlook of the USD/CHF and GBP/USD . USD/CHF The downtrend channel continues in the pair, with the channel starting early this year. Currently a move above 84 would signal a break of the trend and upside potential. The bottom of the channel is at 79, which should act as support on…
EUR Marches On News
| August 7, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The Euro continues to rally, with an acceleration to the upside on Friday after the jobs number out of the US almosted doubled the concesus to the downside. The stock market may not care to much, but the EUR/USD was definitely affected. The pair still remains in an uptrend, and has come close to the highs of…
EUR/USD Edges Higher, Resistance Overhead
| August 2, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The pair finished higher last week, moving closer to the target mentioned last week at 1.3200. 13100 is actually the start of the resistance area, which is in effect till just above 1.3400. Movement above 1.3100 indicates that 1.3200 is highly likely to be tested, but beyond this pair will enter a “no-mans land.” The…
Euro Push Likely to Continue?
| July 26, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Overall there was not much change last week in the EUR/USD. Heading into this week, the 1.3100-1.3200 resistance still remains overhead, yet the trend also remains up. With the pullback last week having little follow through it is likely that a test of this resistance area will be seen. A likely target is the high…
EUR/USD: Euro breaks downward trendline
| July 17, 2010 | Posted by admin under Stocks & Stock Market Analysis |
In the last analysis I said the Euro was heading for a test of the dominant trendline at 1.2800. That target has been met and exceeded as the pair closed out the week at 1.2928. This means the downward trendline has been broken. There is a band of resistance between 1.3100-1.3300 making this an interesting…
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