 |
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
Created On: 12/28/2008 9:38:07 AM (0 Comments) (0 Votes) |
|
|
|
|
|
|
|
|
EUR_USD 12/17/2008 |
|
|
Created On: 12/17/2008 5:14:54 AM (0 Comments) (1 Votes) |
|
|
EURUSD jumped through the resistance level at 1.3890-1.3900 where we had a previously swing low and the 61.8 % Fibonacci Retracement of the 1.4870-1.2360 move down. The substantial rate cut was extremely bearish for the USD but it could prove to be just the thing the US economy needs and thus can help the buck to a mid-term recovery. |
|
|
|
|
|
12/15/2008 |
|
|
Created On: 12/15/2008 5:10:37 AM (0 Comments) (0 Votes) |
|
|
Dynamic support and resistance trendlines on EURUSD anticipate a possible sharper move in the next couple of days. |
|
|
|
|
|
GBP_USD 11/24/2008 |
|
|
Created On: 11/24/2008 1:15:52 AM (0 Comments) (5 Votes) |
|
|
As long as GBPUSD is trading under the resistance trendlines marked on our charts the bearish bias is still intact and we can confidently look at 1.3500 area as a major target for the long term shorts. |
|
|
|
|
|
AUD_USD 11/20/2008 |
|
|
Created On: 11/20/2008 11:49:31 PM (0 Comments) (1 Votes) |
|
|
After the support break the pair found a base just above 0.6000 and is now forming a retracement movement, as seen from the Fibonacci Lines placed on the chart and obvious resistance zone is between 0.6330 and 0.6400 where the 50% and the 61.8% retracements are. |
|
|
|
|
|
AUD_USD 11/18/2008 |
|
|
Created On: 11/18/2008 11:25:29 PM (0 Comments) (6 Votes) |
|
|
Breaking under the 0.6400 resistance level could open up the 0.60 as a first bearish target and we could even see the pair sink lower than that. |
|
|
|
|
|
EURUSD 11/14/2008 |
|
|
Created On: 11/14/2008 8:54:35 AM (0 Comments) (8 Votes) |
|
|
Failure to push above the resistance zone marked by the 2 trendlines will add more downside pressure on EURUSD and we'll have to looks at the 1.2300 levels to see how price action reacts to support. Conversely a move above 1.2800 will open up the area above 1.30 with a first major target at October 29th high of 1.3250. |
|
|
|
|
|
11/14/2008 |
|
|
Created On: 11/14/2008 8:54:00 AM (0 Comments) (0 Votes) |
|
|
|
|
|
|
|
|
11/12/2008 |
|
|
Created On: 11/12/2008 11:19:33 PM (0 Comments) (2 Votes) |
|
|
WE have a bullish flag pattern on CADCHF that failed to trigger and now we are seeing the support trendline turning into resistance as price pushed under it and has now retested from below. A good short opportunity with a tight stop above 0.9650 can make a decent profit as it has a potential target around the 0.9250-0.9300 area. |
|
|
|
|
|
GBP_USD 11/10/2008 |
|
|
Created On: 11/10/2008 8:54:59 AM (0 Comments) (4 Votes) |
|
|
The bearish bias is still intact and GBPUSD has already offered a good entry for a new round of short positions, tight stops above the resistance trendline should protect us from any unforseen events. |
|
|
|
|
|
GBP_CHF 11/7/2008 |
|
|
Created On: 11/7/2008 1:59:10 AM (0 Comments) (4 Votes) |
|
|
Clear cut support and resistance play o GBPCHF, a push under the support line will open the 1.80 as the next logical target while a 5th rejection of the 1.8550 zone will be enough of a reason to look for a move towards the weeks high at 1.8950-1.8975. |
|
|
|
|
|
|
|
|
Created On: 11/5/2008 12:15:26 PM (0 Comments) (0 Votes) |
|
|
|
|
|
|
|
|
|
|
|
Created On: 11/5/2008 12:15:25 PM (0 Comments) (0 Votes) |
|
|
|
|
|
|
|
|
USD_JPY 11/5/2008 |
|
|
Created On: 11/5/2008 5:20:17 AM (0 Comments) (3 Votes) |
|
|
Break under the support trendline to the 23% Fibonacci line; a continuation lower is to be expected after the resistance trendline gets tested. |
|
|
|
|
|
GBP_USD 11/3/2008 Bullish Flag |
|
|
Created On: 11/3/2008 12:17:21 AM (0 Comments) (4 Votes) |
|
|
1 hour GBPUSD shows what can be a bullish flag, we'll wait for this pattern to trigger and try to take trades with the trend aiming above 1.70 |
|
|
|
|
|
USD_CHF 10/31/2008 |
|
|
Created On: 10/31/2008 5:36:59 AM (0 Comments) (1 Votes) |
|
|
Bullish channel on USDCHF, the trendline conecting this weeks lower highs acts as a trigger for bulls trying to spot a good entry to open new longs. The channel looks strong enough until next week when we have major developments in the US, the election pops into mind. |
|
|
|
|
|
EUR_USD 10/30/2008 |
|
|
Created On: 10/30/2008 6:58:30 AM (0 Comments) (2 Votes) |
|
|
|
|
|
|
|
|
USD_CHF 10/29/2008 |
|
|
Created On: 10/29/2008 12:35:26 AM (0 Comments) (3 Votes) |
|
|
USDCF is closing in on the 1.1500 support area from where a bounce higher has a good chance of happening; with stops around 1.1400-1.1425 and a projected target of 1.1750-1.1800 this is a good risk:reward setup. Conservative traders will want to wait and look at the smaller timeframes for signs that the price action will respect the support zone. |
|
|
|
|
|
EUR_CHF 10/27/2008 |
|
|
Created On: 10/27/2008 4:37:26 AM (0 Comments) (2 Votes) |
|
|
EURCHf is getting ready to retest the support established last week at 1.4400 after the pair got rejected by the 61.8% Fibonacci Retracement of the 1.5050/1.4400 down move. A bounce of the 1.4400 lows will be the start of a double bottom pattern with a potential target of 1.48 with an intermediate one at 1.46. |
|
|
|
|
|
AUD_USD 10/23/2008 |
|
|
Created On: 10/23/2008 3:14:34 AM (0 Comments) (2 Votes) |
|
|
bearish momentum has slowed down and a bounce from 0.6600 would shift short term bias to the bullish side at least until the end of the week, while a push above 0.6700 will force bears to cover some of the short positions. |
|
|
|
|
|
EUR_CHF 10/22/2008 |
|
|
Created On: 10/22/2008 2:27:27 AM (0 Comments) (2 Votes) |
|
|
the 38.2% fibonacci line of the 1.5350 - 1.4850 down move should provide some resistance on this retracement we're witnessing on EURCHF. opening a short position around 1.5050 with stop placed above the trendline offers a good risk:reward ratio. |
|
|
|
|
|
USD_CHF 10/21/2008 |
|
|
Created On: 10/21/2008 4:20:48 AM (0 Comments) (3 Votes) |
|
|
Classic example of resistance turned support; the double top got breached after the surge in USDCHF, next resistance is seen around the 1.1600 area and while we're trading above previous highs bullish bias is intact, even buying dips above the trendline connecting Oct 10th and 17th lows should provide decent returns. |
|
|
|
|
|
EUR_USD 10/21/2008 |
|
|
Created On: 10/21/2008 1:25:30 AM (0 Comments) (3 Votes) |
|
|
EURUSD short bias looks strong enough to permit us to take a small short position, enter at 1.3250 with stop just above the previous swing high at 1.3275, projected target is the 1.3200 area. Keep in mind that this is very close to the Oct 10th low at 1.3258 and staying under this is very important in maintaining the short pressure. |
|
|
|
|
|
USD_CHF 10/20/2008 |
|
|
Created On: 10/20/2008 1:15:04 AM (0 Comments) (4 Votes) |
|
|
Moving under the support trendline and the 1.1300 level would reinforce the bearish bias, thus supporting the double top pattern formed on October 6 and 16th. First bearish target is the 1.1150 area and lower down we see 1.08 as a strong support level. |
|
|
|
|
|
EUR_USD 10/15/2008 |
|
|
Created On: 10/15/2008 1:48:26 AM (0 Comments) (3 Votes) |
|
|
Small short opporunity on EURUSD 15 min chart, price action showing that we could have a rejection of the 1.3625 level(former lows, fibonacci retracement line and top bollinger band) |
|
|
|
|
|
10/14/2008 |
|
|
Created On: 10/14/2008 6:24:48 AM (0 Comments) (868 Votes) |
|
|
|
|
|
|
|
|
10/13/2008 |
|
|
Created On: 10/13/2008 3:34:21 AM (0 Comments) (2 Votes) |
|
|
EURUSD broke above the bearish channel and now is retesting the former resistance line turned into support. The same pattern can be seen on GBPUSD on the 4 hour charts, showing how technical analysis can be used successfully just about on any timeframe. |
|
|
|
|
|
GBP_USD 10/10/2008 |
|
|
Created On: 10/10/2008 5:28:20 AM (0 Comments) (1 Votes) |
|
|
Although risky the channel GBPUSD has traded in motivates an attempt to open a small long aiming at just above the 1.7200 area where the resistance line is and where a short with the overall trend can be opened. For the long trade stops placed below the 1.6750 low should limit the loss to a acceptable level. |
|
|
|
|
|
EUR_USD 10/10/2008 |
|
|
Created On: 10/10/2008 2:00:33 AM (0 Comments) (1 Votes) |
|
|
euro 1 min chart small bull flag |
|
|
|
|
|
EUR_CHF 10/9/2008 |
|
|
Created On: 10/9/2008 4:01:36 AM (0 Comments) (1 Votes) |
|
|
EURCHF has reached a resistance level at 1.5500, it failed at the first attempt to push through and now the safest thing to do is wait for a confirmation on the Stochastic(9,3,9) displayed under the price to open a short position. With Stops above the high at 1.5525 the trade has a projected first target at the lower Bollinger Band(20,2) around the 1.5330 area. |
|
|
|
|
|
GBP_USD 10/7/2008 |
|
|
Created On: 10/7/2008 5:50:11 AM (0 Comments) (2 Votes) |
|
|
Cable is still confined inside the bearish channel it has traded in for the last couple of weeks and so far lacked energy to either break above it or accelerate the movement. Oscillators start showing signs of divergence and after such large moves a retracement might be in the cards. |
|
|
|
|
|
EUR_USD 10/6/2008 |
|
|
Created On: 10/6/2008 4:59:03 AM (0 Comments) (3 Votes) |
|
|
Overall trend is bearish and selling rallies is an established method to open new positions, in the chart above we cann see that the 1.3775 area presents us with a good risk:reward shorting opportunity, stops above the horizontal line target the lower side of the channel. |
|
|
|
|
|
chart 1 |
|
|
Created On: 10/3/2008 9:02:45 AM (0 Comments) (0 Votes) |
|
|
|
|
|
|
|
|
GBP_JPY 10/3/2008 |
|
|
Created On: 10/3/2008 3:48:36 AM (0 Comments) (5 Votes) |
|
|
After failing to push through the resitance at 186.50 GBPJPY appears to resume the downtrend and heading towards the first short time support just below the 185.00 zone. If this is how we stand from a technical point of view, the news regarding the US TARP plan will have significant impact on how FX will develop in the later part of the day. |
|
|
|
|
|
AUD_USD 10/2/2008 |
|
|
Created On: 10/2/2008 4:56:19 AM (0 Comments) (3 Votes) |
|
|
AUDUSD retested the 0.7875 resistance level after we had a move lower in the European session. Overall the bias is bearish although momentum has certainly diminished in the last couple of days. Taking out today's low at 0.7775 will reinforce the short term trend and move us closer to the bigger support trendline connecting lower swing lows. |
|
|
|
|
|
EUR_CHF 10/1/2008 |
|
|
Created On: 10/1/2008 5:02:16 AM (0 Comments) (3 Votes) |
|
|
EURCHF closing in on the 1.5850 resistance zone where we have the 50% Fibonacci retracement of the 1.60/1.5650 move down, and an upsloping trendline connecting mid-september swing lows. Further resistance seen at 1.5900, breaking above these levels will shift bias to the bullish side but until we see that happening we should expect moves lower. |
|
|
|
|
|
USD_CHF 9/25/2008 |
|
|
Created On: 9/25/2008 2:55:58 AM (0 Comments) (3 Votes) |
|
|
Swissy met by resistance at the 1.0900 level pushed lower managing to break under the support trendline connecting Monday's and Wednesday's swing lows. First bearish target is the low at 1.0650 once there we will have to look again at the smaller timeframes to see how price action will develop. |
|
|
|
|
|
AUD_USD 9/22/2008 |
|
|
Created On: 9/22/2008 5:06:38 AM (0 Comments) (2 Votes) |
|
|
AUDUSD broke outside the bearish channel and push above the 0.8250 intermediary resistance which has now turned into a support level and has already been retested to some extent. Without any surprising news, in current times these are often, we can still expect the pair ro move higher towards the 0.8500 zone |
|
|
|
|
|
AUD_USD 9/19/2008 Bearish Channel |
|
|
Created On: 9/19/2008 4:56:19 AM (0 Comments) (4 Votes) |
|
|
AUDUSD has been trading inside a bearish channel all month so far, and the area above 0.8100 has proved to be a serious resistance. The pair is trading once again very close to that zone after already a failed attempt to push through in early European trading hours; opening a short position at current level would imply a stop placed above 0.8150 with a first potential target around 0.7950/75. |
|
|
|
|
|
EUR_CHF 9/18/2008 |
|
|
Created On: 9/18/2008 7:42:35 AM (0 Comments) (1 Votes) |
|
|
EURCHF is forming a bearish looking triangle inside the bigger 1.5700/1.6100 range; support is around the 1.5800 area and a break of that level would put additional pressure on the 1.5750 range bottom, resistance is seen at 1.5900 before the 1.6100 recent high. |
|
|
|
|
|
USD_CHF 9/17/2008 |
|
|
Created On: 9/17/2008 3:14:35 AM (0 Comments) (2 Votes) |
|
|
USD lacked the energy ti push through 1.1250 and formed a 1-2-3 pattern on the 1 hour chart before starting to move lower. The pair is confined in a 200 point range this week and without any significant news we expect to continue to consolidate; bottom of the short term range at 1.1050/1.1075 should provide a nice opportunity to open short term longs. |
|
|
|
|
|
EUR_CHF 9/16/2008 head and Shoulders |
|
|
Created On: 9/16/2008 3:26:11 AM (0 Comments) (3 Votes) |
|
|
EURCHF has formed a H&S pattern on the 1 hour charts; break of the neckline happened yesterday and after a swift move towards 1.5750 the pair retraced to retest the resistance; re-entry opportunity with stops placed above 1.5850 perhaps 1.59 and a take profit potential at 1.5600. |
|
|
|
|
|
USD_JPY 9/12/2008 |
|
|
Created On: 9/12/2008 3:50:43 AM (0 Comments) (1 Votes) |
|
|
The pair formed a doji like candle on the 1 hour charts failing to break the 106.00 level and jumping back up above 107.50; now we are in a good position to think about shorts with stops above 108.00 and yesterday's low as a natural bearish target. |
|
|
|
|
|
USD_JPY 9/11/2008 |
|
|
Created On: 9/11/2008 4:10:49 AM (0 Comments) (2 Votes) |
|
|
A sequence of lower lows and lower highs formed every day this week, and an inside bar in today's price action suggest the bearish movement on USDJPY is going to continue; a safe plan would be selling rallies and aiming for last weeks low at 105.50/106 support area. |
|
|
|
|
|
AUD_CHF 9/10/2008 |
|
|
Created On: 9/10/2008 5:56:30 AM (0 Comments) (3 Votes) |
|
|
classic trendline rejection on AUDCHF intraday; 0.9125 was also the top bollinger band in a small 50 point consolidation. first target is yesterday's low at 0.90 and once that level is cleared we can expect a further bearish move. |
|
|
|
|
|
AUDUSD Followthrough |
|
|
Created On: 9/9/2008 3:58:33 AM (0 Comments) (2 Votes) |
|
|
The pair failed to break under the 0.8000 support and thus helped reinforced that area as a significant support, and perhaps give bullish traders a reason to start thinking of new longs(double bottom). Until we see the pair break below 0.8000 mid term shorts should only be small scalps as price action closes in on the resistance trendline and shows signs of weakness on the smaller timeframes. |
|
|
|
|
|
AUD_USD 9/8/2008 |
|
|
Created On: 9/8/2008 4:25:02 AM (0 Comments) (2 Votes) |
|
|
AUDUSD jumped on Sunday night open as most of the other pairs did; this one got very close to a resistance trendline that offered a decent entry opportunity for bearish traders and for those wanting to add to their shorts. Taking out the 0.8000 low will reinforce the trend and selling rallies should provide good shorts. |
|
|
|
|
|
EURUSD Before NFP September 5th |
|
|
Created On: 9/5/2008 5:13:35 AM (0 Comments) (2 Votes) |
|
|
Failling to break a new low in late European session did suggest that the latest bearish wave might run out of steam. NFP is crucial in how the pair will move for the rest of the day. NFP expected at -75k and the unemployment at 5.7%, almost everybody is looking for the realease to be inline with expectations. |
|
|
|
|
|
EURUSD -waititng for the ECB conference |
|
|
Created On: 9/4/2008 4:20:41 AM (0 Comments) (1 Votes) |
|
|
With an unlikely rate chance traders wait for the press conference after the decision to perhaps gain a little knowledge of what the ECB has installed for us next. Trading around the 1.4500 level all morning has build up some energy and with a little help from the authorities we could see a nice move. |
|
|
|
|
|
EUR_CHF 9/3/2008 |
|
|
Created On: 9/3/2008 5:23:46 AM (0 Comments) (4 Votes) |
|
|
EURCHF maintains a bearish bias, and as long as it trades under the resistance trenline marked on our chart we have no reason to think otherwise; opening short positions when price action closes in on the resistance and playing bearish breakouts should provide decent profits with minimum risks. |
|
|
|
|
