Posts Tagged by forex broker recommendation
EUR/USD – Stabilizing Amid a Mass of Trendlines
| May 30, 2010 | Posted by admin under Stocks & Stock Market Analysis, Techncial Analysis Tutorials |
This weekend we will look at the daily chart of the EUR/USD. News on the Euro has dominated the headlines lately with all sorts of doomsday scenarios for the Euro. Despite all this, the EUR/USD has stabilized around prior lows, and amid several trendlines. At this time these trendlines all remain down – with the…
EUR/USD: Support holds…so far
| May 28, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The lows the EUR/USD put in last week were tested over the last couple days and have so far held off a further decline. Currently the pair sits just above 1.2300 which is a minor support level. Further support is at 1.2200 and 1.2150-1.2435. A break below the latter indicates another leg in the…
EUR/USD: Drop then rally, then…
| May 26, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Tuesday saw the drop below 1.2300 which was the level to watch yesterday. Support at 1.2230 was broken, but the market was unable to reach 1.2150 before rallying aggressively. The pair has now come off the highs but still trades at 1.2328 at the time of this writing. Some support is likely to come in at…
Euro Moves Lower Once Again
| May 24, 2010 | Posted by admin under Stocks & Stock Market Analysis |
On Monday the Euro sold off once again, approaching the 1.2300 level. A breach of that level would nullify any bullishness on the short term. The short-term upward trendline has already been broken. Intermediate and long term trends remain down. A drop below 1.2300 has support at 1.2230 and 1.2150. A drop below the latter…
Downward Euro Pressure Continues
| May 11, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Pressure continues to be seen in the Euro as it trades near its low of the day at 1.2630. Resistance comes in just above 1.2660 and then again at 1.2685 and 1.2750. Needless to say volatility has greatly increased therefore some additional levels to watch on the upside include 1.2800 and 1.2880. The downtrend is…
EUR/USD: Analyzing the Daily Chart
| April 17, 2010 | Posted by admin under Stocks & Stock Market Analysis |
In this weekend look at the EUR/USD currency pair we will be looking at the daily chart. It provides a longer term perspective than the time frame looked at in the analysis I publish each night. No major levels were broken during the week, namely 1.3800 or 1.3265. If 1.3800 is breached in the upcoming…
Euro, Greece, China and the Currency Stage
| April 17, 2010 | Posted by admin under Stocks & Stock Market Analysis |
An interesting week for the markets. Apparently the Greece problem is solved…but no. If anything we have only hit the tip of the iceburg. Even according to Greek officials they will need more money shortly. And despite having what looked like a reversal in the Euro early in the week, tension set in once again…
EUR/USD-Pauses before Move
| April 13, 2010 | Posted by admin under Stocks & Stock Market Analysis |
This is the daily EUR/USD outlook for April 14. On the daily chart we have a “candle” that indicates an up day on Wednesday. Price needs to confirm, and that confirmation will be provided if the pair climbs above 1.3640. A rise above that level indicates a retest of the highs seen ealier this week…
EUR/USD-What’s Coming Next Week…
| April 10, 2010 | Posted by admin under Stocks & Stock Market Analysis |
This is your weekend look at the EUR/USD. We will take a slightly longer term view outlook than what is covered in the EUR/USD day trading analysis which is posted each day. After all was said and done over this last week of trading the pair ended up flat. No lower lows were created, although…
EUR/USD-Bounces off Lows, Now What?….
| April 8, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The is your daily EUR/USD outlook for April 9. On Thursday the Euro declined into the support area, reaching 1.3280, but has since rallied off that level. The pair currently trades at 1.3378 Not being able to reach the lows does show strong support, but currently the pair trades in a bit of a “no…
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