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USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook

USD/CAD Weekly Analysis

USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook

USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook Our last technical update noted that the USD/CAD currency pair had found support at t… [more]

EURUSD Technical Analysis – 20 24 May – Weekly Update

EUR/USD Weekly Analysis

EURUSD Technical Analysis – 20 24 May – Weekly Update

EURUSD Technical Analysis – 20 24 May – Weekly Update – Euro Dollar Outlook The euro/dollar pair experienced an extension of the prevailing downside trend�… [more]

Dollar Index Technical Analysis – 17th May – Forex-FX-4X.com

Dollar Index Weekly Analysis

Dollar Index Technical Analysis – 17th May – Forex-FX-4X.com

Dollar Index Technical Analysis – 17th May – Forex-FX-4X.com USDX Update Our recent analysis has focused on the USDX 84.10 area – a key dollar index techni… [more]

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USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook

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usdcad 20th may

USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook

Our last technical update noted that the USD/CAD currency pair had found support at the convergence of technical support around parity. This was comprised of the following technical elements.
- Ascending trendline support, which had initiated from the 2012 low.
- The 200-day SMA (simple moving average).
- The midpoint of the last key swing higher from September (the 50% retracement area).
This was followed by a bullish engulfing candle near the key round number area. Price has subsequently moved around 200 pips higher since the last update to hit a high of 1.0311 on Friday.
The upside move has been capped at the descending trend line area as per the daily time frame chart below.
Price action around this prior supply zone circa 1.0290 – 1.0330 is seen as key in the near term to gain a directional bias on the “Loonie”.

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	Central Bank Of Ireland	€100	200:1	Up to €1200 bonus available.	Open account
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EURUSD Technical Analysis – 20 24 May – Weekly Update

EURUSD Technical Analysis – 20 24 May – Weekly Update – Euro Dollar Outlook The euro/dollar pair experienced an extension of the prevailing downside trend on Friday, moving to a low of 1.2795, before retracing to the two day low area from Wed/Thur around 1.2840 – a longer term price pivot zone. Price is now threatening…

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Dollar Index Technical Analysis – 17th May – Forex-FX-4X.com

Dollar Index Technical Analysis – 17th May – Forex-FX-4X.com USDX Update Our recent analysis has focused on the USDX 84.10 area – a key dollar index technical level. Price has been testing this area over the past two days but has not yet managed a close over previous resistance. We note that the 84.22 area…

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GBPUSD Technical Analysis – 16th May Update – Forex-FX-4X.com

GBPUSD Technical Analysis – 16th May Update – Forex-FX-4X.com Cable has moved to a low of 1.5171 on Wednesday, covering 104% of the average daily range, before paring earlier losses and consolidating around the days open at 1.5223. The 1.5125 area 61.8% Fibonacci level is an initial focus, for the 16th May trading sessions, should…

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EURUSD Technical Analysis – 14th May 2013 Update

EURUSD Technical Analysis – 14th May Update – Forex-FX-4X.com Our previous update noted that the failure, on Friday, to close under previous support could potentially see the euro/dollar pair retest the area around the 200 period SMA; squeezing the weaker euro shorts during early week trading. We noted that the 200 SMA was roughly aligned with prior support…

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GBPUSD Technical Analysis – 13th 17th May – Weekly Update

GBPUSD Technical Analysis – 13th 17th May – Weekly Update Cable experienced a strong drop from the 1.5600 confluence area on Thursday, after seeing an extended period of consolidation around the 50% retrace and upper channel line. Price subsequently dropped as low as 1.5312 on Friday, piercing the lower channel line, before closing back above this technical…

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USDCHF Technical Analysis – 13th 17th May – Weekly Update

USDCHF Technical Analysis – 13th 17th May – Weekly Update – Price Action Analysis The dollar/swiss currency pair has seen a breakout above the recent range consolidation area, and the descending trend line, as per the USDCHF daily chart below. This breakout was likewise a move up through the 0.9500 psychological round number area, a level…

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USDCAD Technical Update – Convergence Of Technical Support Around Parity

USDCAD Technical Update – Convergence Of Technical Support Around Parity The USD/CAD currency pair has found support at the convergence of technical support around the 1.0000 parity area. This is comprised of the following elements. Ascending trendline support, which had initiated from the 2012 low. The 200-day SMA (simple moving average). The midpoint of the last key…

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EURUSD Technical Analysis – 13th 17th May – Weekly Update

EURUSD Technical Analysis – 13th 17th May – Euro/Dollar Weekly Update EURUSD broke below previous 1.2950 area support on Friday but closed the day (and week) back near the 1.3000 round number area. The key currency pair has dropped almost 300 pips from the early May swing high around 1.3250. The failure to close under previous…

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USDJPY Analysis 8th May 2013 – Dollar Yen Technical Update

USDJPY Analysis 8th May 2013 – Dollar Yen Technical Update (Dollar/Yen Technical Update 8/5/13, Forex-FX-4X.com) Dollar/Yen is trading around 100 pips under the key psychological 100.00 round number area and is caught in a consolidation range as the market seeks near term direction and profit taking weighs on the pair. Wagers on a continuation of…

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Gold Technical Analysis – 6th May 2013 – XAUUSD Update

Gold Technical Analysis – 6th May 2013 – XAUUSD Update XAUUSD has seen further consolidation around the 1440 – 1490 zone but ultimately closed last week near the top of the recent trading range, and above the W1 200 SMA. Gold has rallied almost 5% over the previous two weeks. However, we note that price has…

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EURUSD Technical Analysis – WC 6th May 2013 – Euro Dollar Weekly Update

EURUSD Technical Analysis – 6th May 2013 – Euro Dollar Weekly Update Euro/dollar experienced a strong move back down towards the midpoint of the recent range on Wednesday after finding resistance at the 50% retrace of the last major leg lower from 1.3709 – 1.2744. This move lower came after price broke above the 16/4/13 1.3200 daily high, trapping fresh longs,…

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Dollar Index Technical Update – WC 6th May 2013 – USDX Analysis

Dollar Index Technical Update – WC 6th May 2013 – USDX Analysis Our recent technical updates have referenced the USDX 81.45 previous resistance area as a key technical point of interest for the US dollar index. Price has subsequently found support at this area and seen a move back to the 61.8% Fibonacci retracement of…

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EURUSD Technical Analysis – 3rd May 2013 – Euro Dollar

EURUSD Technical Analysis – 3rd May 2013 – Euro Dollar Outlook EURUSD has seen a strong move back down towards the midpoint of the recent range after finding resistance at the 50% retrace of the last major leg lower from 1.3709 – 1.2744. This came after price broke above the 16/4/13 1.3200 daily high and moved to the highest point since late…

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S&P500 Technical Analysis Update – May 2nd – Forex-FX-4X.com

S&P500 Technical Analysis Update – Bearish Outside Day Within Ascending Channel The benchmark S&P500 index has printed a bearish outside day, after taking out the previous 1592 area swing high and subsequently failing to push higher. The daily timeframe chart below shows that price is moving within a longer term ascending channel. A strong break under…

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GBPUSD Technical Analysis Update – May 1st – Pound/Dollar

GBPUSD Technical Analysis – May 1st – Pound/Dollar (Pound/Dollar Technical Update – Forex-FX-4X.com – 1/5/13) Cable has now rallied to the the 50% retrace of the last major swing lower from 1.6347 – 1.4829. This area also marks the upper channel-line as per the daily timeframe GBPUSD chart below. Price has also seen an extension of the…

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EURUSD Technical Analysis – 1st May 2013 – Euro Dollar

EURUSD Technical Analysis – 1st May 2013 – Euro Dollar The EURUSD pair has seen another strong push to the upside, towards recent 1.3175 area resistance. This came after a break above the 1.3100 consolidation area and a move away from the daily timeframe 200 SMA. Price is currently trading under the 16/4/13 1.3200 daily high,…

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USDJPY Technical Update – Week Of April 29th – May 3rd – Dollar/Yen

USDJPY Technical Update – Week Of April 29th – May 3rd – Dollar/Yen Dollar/Yen has found significant resistance under the psychological 100.00 handle round number and closed the week around 200 pips under this area; this comes as market participants likely instigated an element of position covering due to the failure to take out the 100.00 handle. The…

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GBPUSD Technical Update – Week Of April 29th – May 3rd – Pound/Dollar

GBPUSD Technical Update – Week Of April 29th – May 3rd – Pound/Dollar GBP/USD has seen an extended move to the upside in April after the monthly timeframe pinbar/hammer candle formed at key 1.5260 area support – as highlighted in our previous updates. This currency pair has seen a strong push higher during trading late last…

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Gold Technical Analysis – 26th April – XAUUSD Chart Update

Gold Technical Analysis – 26th April – XAUUSD Chart Update The price of gold moved to a multi-session high on Thursday, as the precious metal has pulled back over half of the month’s near-record decline. Gold is heading for the biggest weekly increase since October 2011, unless there is a swift trend change as the week…

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