Archive for February, 2009
Eur/Usd Technical Analysis for 26th February 2009
Posted on26. Feb, 2009 by admin.
Yesterday’s pennant formation apparently has not finished its development as the pair continues to consolidate towards the 1.2800 price level before making a significant breach. For the time being this pair continues to float between a distinct price-range. Buying on the lows and selling on the highs in this range appears to be a wise [...]
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Eur/Usd Technical Analysis for 25th February 2009
Posted on25. Feb, 2009 by admin.
A pennant formation appears to be forming on the 4-hour and daily charts, signifying that a continuation of the recent uptrend may occur and push this pair higher in the near future. The weekly Momentum oscillator also shows the direction of this pair has begun to change course. Waiting for the breach and then placing [...]
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Eur/Usd Technical Analysis for 24th February 2009
Posted on24. Feb, 2009 by admin.
A bullish cross appears to be imminent on the 4-hour chart’s Slow Stochastic, signaling a bullish correction may take place shortly. However, a bearish cross may be forming on the hourly chart’s Slow Stochastic, indicating the opposite. Weekly momentum appears to be leveling which means the pair may lack direction at the moment. Waiting for [...]
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Eur/Usd Technical Analysis for 23th February 2009
Posted on23. Feb, 2009 by admin.
The pair is in the midst of a very strong bullish trend, as it has just breached through the 1.2900 level. After a few failing attempts to test the 1.2940 level, the pair seems ready now to cross another psychological boundary. Should the breach occur, the pair will most likely see further bullish behavior.
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Eur/Usd Technical Analysis for 20th February 2009
Posted on20. Feb, 2009 by admin.
The Daily chart’s showing that the pair is still in bearish configuration. However, a bullish cross on hourly chart’s Slow Stochastic implies that an upwards correction might take place in the nearest time frame. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.
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Eur/Usd Technical Analysis for 19th February 2009
Posted on19. Feb, 2009 by admin.
There appears to be a bullish cross forming on the daily chart’s Slow Stochastic, indicating that an upward correction is expected in the near future. However, almost all other oscillators are stuck in neutral territory, signaling that this pair may be less volatile than expected. Going long with tight stops might be the right strategy [...]
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Eur/Usd Technical Analysis for 18th February 2009
Posted on18. Feb, 2009 by admin.
A bullish cross appears to have just taken place on the 4-hour chart’s Slow Stochastic, signaling an imminent bullish correction to the recent downward trend. The price also appears to be floating in the over-sold territory on the 4-hour chart’s RSI which also lends support to this notion. Going long with tight stops might be [...]
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Eur/Usd Technical Analysis for 17th February 2009
Posted on17. Feb, 2009 by admin.
The price of this pair appears to be floating in the over-sold territory while the hourly chart’s RSI is indicating that an upward correction may be imminent. The upward direction on the 4-hour chart’s Momentum oscillator also supports this notion. When the upward breach occurs, going long with tight stops appears to be the preferable [...]
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Eur/Usd Technical Analysis for 16th February 2009
Posted on16. Feb, 2009 by admin.
After a long period in which the pair has mainly fluctuated, it seems that we are on the verge of a relatively strong move. The pair has crossed the lower border of the 4 hour chart’s Bollinger Bands, indicating that it should enter a downtrend. A breach through the 1.2720 might validate the bearish move [...]
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Eur/Usd Technical Analysis for 10th February 2009
Posted on10. Feb, 2009 by admin.
The hourlies show quite a wide range-trading with no specific direction; however, the daily chart’s Bollinger Bands are tightening, indicating upcoming increased volatility. A bearish cross on the 4-hour chart’s Slow Stochastic indicates an upcoming test of the 1.2800 level once again. If that level is breached, swinging in the trend would be the best [...]
