Archive for December, 2008
Eur/Usd Technical Analysis for 31st December 2008
Posted on31. Dec, 2008 by admin.
The hourlies are showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart’s RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
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Eur/Usd Technical Analysis for 30th December 2008
Posted on30. Dec, 2008 by admin.
A bearish cross on hourly chart’s Slow Stochastic implies that a downwards correction might take place in the nearest time frame. The daily chart’s RSI is floating in the overbought zone suggesting that the upward trend might be out of steam. Going short with tight stops appears to be the right strategy today.
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Eur/Usd Technical Analysis for 29th December 2008
Posted on29. Dec, 2008 by admin.
The pair is in the middle of a steady uptrend, and is testing fresh highs on a daily basis. The very important key resistant level of 1.4150 has been breached and the pair is likely to continue its bullish trend. The Slow Stochastic on the daily chart shows that there is still more room to [...]
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Eur/Usd Technical Analysis for 23th December 2008
Posted on23. Dec, 2008 by admin.
The pair has been traded around the 1.40 levels during yesterday’s trading session without making a significant breach. Yet now, a bearish cross on the hourly chart’s Slow Stochastic indicates that a bearish move is forthcoming. Daily chart’s Slow Stochastic is negatively sloped also supporting this notion. Going short appears to be the right choice [...]
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Eur/Usd Technical Analysis for 22nd December 2008
Posted on22. Dec, 2008 by admin.
After showing a consistent bullish momentum for the past week, the daily chart is showing signals of a falling correction. The bearish breach on the daily chart has created strong downwards momentum that might eventually carry the pair to the next target price of 1.3800. The hourly chart’s Slow Stochastic is showing no crosses, which [...]
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Eur/Usd Technical Analysis for 19th December 2008
Posted on19. Dec, 2008 by admin.
The pair is in the middle of a very strong bullish trend and is now traded around 1.4250. The daily slow stochastic is showing that there is still room to run and that 1.4670 is a very strong resistance. If the pair breaches the resistance level, we might see a stronger bullish move that might [...]
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Eur/Usd Technical Analysis for 18th December 2008
Posted on18. Dec, 2008 by admin.
The Daily chart is showing that the pair is still in the bullish configuration. However, the RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
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Eur/Usd Technical Analysis for 16th December 2008
Posted on16. Dec, 2008 by admin.
The bullish trend is loosing its steam and the pair is consolidating around the 1.37 level. The 4 hour chart’s RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops appears to be preferable strategy.
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Eur/Usd Technical Analysis for 15th December 2008
Posted on15. Dec, 2008 by admin.
A bearish cross on the hourly chart’s Slow Stochastic implies that a downwards correction might take place in the nearest time frame. The 4-hour chart’s RSI is floating in the overbought zone suggesting that the upward trend might be out of steam. The daily chart’s RSI also supports this notion. Going short with tight stops [...]
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Eur/Usd Technical Analysis for 12 December 2008
Posted on12. Dec, 2008 by admin.
There is a very accurate bullish channel forming on the daily chart as the pair is now floating in the middle of it. The 4-hour chart’s Slow Stochastic is showing a bearish cross suggesting that downwards correction might take place in the nearest time frame. Going short with tight stops appears to be preferable strategy.
