Archive for November, 2008
Eur/Usd Technical Analysis for 27th November 2008
Posted on27. Nov, 2008 by admin.
The pair has been traded in a range of 1.2880 to 1.3000 for a while now, while no distinct signals have been received by now on the hourly chart. The 4 hour chart is showing mixed signals yet the Bollinger Bands on the daily chart are getting much tighter which indicates that a volatile breach [...]
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Eur/Usd Technical Analysis for 25th November 2008
Posted on25. Nov, 2008 by admin.
There is a very distinct bearish channel forming on the daily chart, as the pair now floats around the 1.2830 level. A bearish cross on the 4 hour chart’s Slow Stochastic suggests that a bearish move is quite imminent. Going short with tight stops might be the right choice today.
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Eur/Usd Technical Analysis for 24th November 2008
Posted on24. Nov, 2008 by admin.
The 4-hour chart shows that the momentum is still bullish. However, its Relative Strength Index (RSI) floats near the upper line indicating that the current trend might be closing to its end. On the hourlies, the local bearish correction is already intact. A bearish cross of the Hourly chart’s Slow Stochastic validates that correction as [...]
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Eur/Usd Technical Analysis for 21st November 2008
Posted on21. Nov, 2008 by admin.
The pair continues to fluctuate within a restricted range and is currently traded around the .12500 level. However, a double doji formation on the daily chart implies that a sharp move is impending, with a distinct bearish orientation. Traders should wait for the breach and swing.
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Eur/Usd Technical Analysis for 20th November 2008
Posted on20. Nov, 2008 by admin.
The trendless wide range the pair has been going through on the daily chart continues with no hint of a distinct direction. However, there is a distinct bearish channel forming on the 4-hour chart, as the pair is now floating around its bottom level. The 4-hour chart’s Slow Stochastic is negatively sloped suggesting that the [...]
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Eur/Usd Technical Analysis for 19th November, 2008
Posted on19. Nov, 2008 by admin.
The pair is continuing to provide mixed results, without making a significant breach. Hourly chart’s Slow Stochastic is negatively sloped indicating that this pair could face another bearish session. Going short with tight stops might be the right choice today.
