Archive for January, 2009
Eur/Usd Technical Analysis for 30th January 2009
Posted on30. Jan, 2009 by admin.
The price of this pair appears to be floating in the over-sold territory on the hourly chart’s RSI indicating an upward correction might be imminent. The upward direction on the 4-hour chart’s Momentum oscillator also supports this notion. Going long with tight stops might be the right choice today.
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Eur/Usd Technical Analysis for 27th January 2009
Posted on27. Jan, 2009 by admin.
After peaking at the 1.3250 level, the pair has halted its bullish momentum and is now trading around 1.3216. The RSI on the hourly chart is located around the 60 level, suggesting that the bullish move has more room to go. Going long might be the right strategy today.
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Eur/Usd Technical Analysis for 19th January 2009
Posted on19. Jan, 2009 by admin.
The typical range trading on the 4 hour chart continues. Both the hourly RSI and Slow Stochastic are floating in neutral territory. On the contrary, the daily chart is showing a moderate bullish momentum with diminishing strength. Forex traders are advised to wait for a clearer signal before entering the market with this pair.
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Eur/Usd Technical Analysis for 15th January 2009
Posted on15. Jan, 2009 by admin.
The daily chart’s RSI signals that this pair is still being over-sold, which may help support the pair in an upward direction in the coming days. A bullish cross forming on the daily chart’s Slow Stochastic supports this notion. The price also appears to be floating near the lower border of the daily chart’s Bollinger [...]
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Eur/Usd Technical Analysis for 13th January 2009
Posted on13. Jan, 2009 by admin.
It appears that the bearish trend may have run out of strength as the current price level has dropped the pair into the oversold territory as the 4 hour chart’s RSI reveals. The pair also currently floats near the bottom barrier of the daily chart’s Slow Stochastic, suggesting a bullish correction may be imminent. In [...]
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Eur/Usd Technical Analysis for 12 January 2009
Posted on12. Jan, 2009 by admin.
It is seems that the pair’s bullish correction has ended after peaking at the 1.3730 level, and the bearish momentum has fully resumed. And now, as all oscillators on the 4-hour chart are pointing down, it appears that the bearish move has more room to go, with a potential price target of 1.3300.
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Eur/Usd Technical Analysis for 8th January 2009
Posted on08. Jan, 2009 by admin.
The daily charts show quite a wide range-trading with no specific direction. The Slow Stochastic of the 4-hour chart is showing a strong bearish momentum, and the RSI confirms that the direction is indeed down. On the hourly chart however, a bullish cross of the Slow Stochastic oscillator indicates an upcoming test of the 1.3800 [...]
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Eur/Usd Technical Analysis for 7th January 2009
Posted on07. Jan, 2009 by admin.
After bottoming out at the 1.3300 level, the pair is showing signs of a corrective move. A bullish cross on the daily chart’s Slow Stochastic implies that a local bearish corrective movement might be close to its end. The 4-hour chart and the hourlies do not show any particular signals and are currently floating around [...]
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Eur/Usd Technical Analysis for 6th January 2009
Posted on06. Jan, 2009 by admin.
The hourly chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.
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Eur/Usd Technical Analysis for 5th January 2009
Posted on05. Jan, 2009 by admin.
The Slow Stochastic and the RSI on the daily chart are showing a continuation of the current bearish momentum. There is also a very accurate bearish channel forming on the 4-hour chart as well. In addition, all indicators on the hourly chart are pointing down. Going short might be the right choice today.
