Posts Tagged by forex signals
USD/CHF pulls off resistance, volatility likely to return
| December 1, 2011 | Posted by admin under Forex - USD/CHF |
By Cory Mitchell, CMT The USD/CHF finally tested resistance at 0.9314 (Oct. 6 high) on Friday, hitting an intra-day high of 0.9329. The minor pentration had little momentum and the pair has been been pulling back since. There are conflicting trends in this pair which make it interesting and could bring volatility back in a…
Watch Key Resistance in USD/CHF
| November 18, 2011 | Posted by admin under Forex - USD/CHF |
The USD/CHF currently trades at 0.9172 and is approaching resistance at 0.9314. The moves since August have been impressive (see daily chart below) so a break above this resistance could mean another big move ahead. Alternatively, if the bulls can’t gain any momentum to break through the level convincingly, it sets up a double top…
EUR/CAD poised to breakout?
| November 10, 2011 | Posted by admin under Forex - Other Pairs |
EUR/CAD – Ranging within Larger Chart Pattern Cory Mitchell Since March, 2010 the EUR/CAD has been locked in a large range between 1.4379 and 1.2450. Yet the range has been narrowing, creating a very large ascending triangle. Within this large triangle a range has developed. The breakout of the range could give a longer-term signal…
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…
Forex chart patterns – daily chart
| October 15, 2011 | Posted by admin under Forex - Other Pairs, Forex - USD/JPY |
With markets closed for the weekend, I have gone through the daily charts and looked for chart patterns. There are always lots, here are a few that caught my eye. Explanations have been kept brief, it is the weekend after all. If you are seeing other patterns, feel free to post a comment. USD/JPY Has…
EUR/GBP Forex Chart Pattern Set-up
| September 27, 2010 | Posted by admin under Forex - Other Pairs |
Quickly looking through some forex pairs. Noticed this triangle pattern in the EUR/GBP currency pair. There are two ways to interpret the lower line on this time frame. I prefer the approach that allows more room for the pattern to develop and makes the pattern larger. Thus, based on the larger lower trendline we can…
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…
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