EURUSD Technical Analysis – 24th May – Euro Dollar Outlook 24/5/13 The euro/dollar pair has found support around the 1.2840 area – a longer term price piv… [more]
GBPUSD Technical Analysis – 22nd May Update – Forex-FX-4X.com Cable has moved to a low of 1.5018 on Wednesday, covering 163% of the average daily range on i… [more]
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]
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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…
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…
EURUSD Technical Analysis – 25th April 2013 – Euro Dollar Outlook EURUSD moved below the 1.3000 round number area and recent consolidation range lows yesterday. The currency pair subsequently formed a bullish engulfing candle on the 4-hour chart and is now trading back in the range. This bullish engulfing candle (see fig 2) formed around the 50%…
EURUSD Technical Analysis – WC 22nd April 2013 – Euro Dollar EURUSD has closed the week within the recent consolidation range after seeing resistance around the 1.3130 price pivot zone once again on Friday. This point also marks the 38.2% Fibonacci retracement of the last major leg lower. Price broke above this area earlier in the week, but…
USDCHF Technical Analysis – 19th April 2013 – US Dollar/Swiss Franc The US dollar/Swiss Franc currency pair formed a daily engulfing candle on Wednesday. This was followed by an inside consolidation day on Thursday. The recent price action is located just under the 200-period daily SMA as per the chart below. This is also…
EURUSD Technical Analysis – 17th April 2013 – Euro Dollar EUR/USD closed yesterday above the previous range resistance swing high areas around 1.3130, from 8/3/13 and 11/4/13 respectively. A look at the longer term (fig 2) chart show this technical area is also aligned with a support to resistance flip zone. This area could now potentially…
Gold Technical Analysis – Week Of 15th – 19th April XAUUSD has seen a breakout under the longer term gold $1530 area support level and a continuation of the move lower heading into this new week. Gold dropped $84 per ounce on Friday with an associated 5.38% decline. This $1530 area also represented the 23.6%…
GBPUSD Technical Update – April 9th 2013 GBPUSD has found an element of initial support at the 1.5260 area after breaking above this key level late last week. We had highlighted this previous support area as potential resistance prior to the two bounces, which can be seen on the D1 chart below. The double top resistance…
GBPUSD Technical Analysis – 1st April 2013 – Pound Dollar Price Action The longer term (monthly) GBPUSD chart has closed March as a small pinbar/hammer candle. However, we note that price has not managed to close above the key 1.5260 area previous support level, which has already seen a 170-pip rejection on the initial bounce….
EURUSD Technical Analysis – 29th March 2013 – Euro Dollar Our recent analysis has highlighted the 1.2880 area midpoint of the range from July through Jan 2013. The D1 EURUSD chart below shows that price essentially moved back up to the 1.3000 handle after finding an element of support at this technical point of interest, but the bears…
USDCAD – US Dollar/Canadian Dollar – Technical Update – 29/3/13 The USDCAD pair has found near term support at a confluence area comprised of the ascending trend line and 38.2% Fibonacci retrace level (see D1 chart below). The low of today (28/3/13) came in around 1.0143, this is approx 45-pips above the next key technical…
AUDCHF Hits Long Term Resistance Area – 26th March AUD/CHF had hit an element of resistance recently, around 0.9900, after moving strongly to the upside since January. Price has now broken above the aforementioned 0.9900 area on the intra-day basis and has also closed the day above this technical point of interest. If this recent…
GBPUSD 25th March – Technical Analysis – 25/3/13 GBPUSD is trading around the 1.5260 area. This is a key technical point of interest and it marks the previous support lows as can be seen on the weekly timeframe chart below. This area has potential to see an element of resistance as previous demand can sometimes…
EURUSD 21st March – Technical Analysis Update Euro/dollar is currently trading within yesterdays range, with no breakout of the high or low as of yet, the 1.2950 area prior support level has capped the upside. EURUSD once again found support at the long term range midpoint from 1.2040 – 1.3709, which is located around 1.2880; this is…
Gold Technical Analysis – March 20th – XAUUSD – 20/3/13 Our previous update highlighted the breakout of recent gold range consolidation highs around the $1585 area. Price is now trading around the 1611 mark after an extended move higher. Gold is currently trading at a +1.26% daily gain on the 20/3/13. This area is aligned…
EURUSD Analysis 20th March – Technical Update EURUSD is currently trading at the 50% retrace area of the last leg down from the 1.3000 area. This also marks a price pivot as can be seen on the H1 EURUSD analysis chart below with multiple previous rejections as support and resistance. Price is also testing the…
EURUSD Technical Analysis – WC 18th March – D1 Chart Update EURUSD has closed the week above the key 1.3000 psych level, after moving to multi-month lows on Thursday and subsequently seeing a strong rejection as the dollar was broadly weaker going forward. Price moved to around 30 pips shy of the midpoint of the…
EURUSD Technical Update For 14th March – D1 Chart Analysis – Fibonacci – Price Action EURUSD has just printed a fresh 3-month + low, with a continuation of the bearish price action from yesterday, when there was a high momentum move through recent 1.2970 area support. Euro/dollar has covered 68% of the ADR today and is…
GBPUSD Technical Analysis – H4, H1 Chart Update For 13th March GBPUSD covered 83% of the 60-day ADR today (March 12th) and an associated 84 pips. H1 timeframe shows a descending trend line held as intra-day resistance. Potential breakout scenario. H4 chart shows a bearish breakout met with demand and closed back within the recent…
EURUSD Technical Analysis – D1, H1 Chart Update For 13th March EURUSD – H1 Chart Price moved as high as 1.3074 on the 12th March, covering a daily range of 83 pips, 87% of the ADR. This does not however reflect the volatility seen as price has oscillated within the range. The move higher came…