Archive for February, 2009
Eur/Usd Technical Analysis for 9th February 2009
Posted on09. Feb, 2009 by admin.
The bullish trend is loosing its steam and the pair seems to consolidate around the 1.29 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
Continue Reading
Eur/Usd Technical Analysis for 5th February 2009
Posted on05. Feb, 2009 by admin.
There appears to be a bullish cross forming on the 4-hour chart’s Slow Stochastic, indicating an upward correction is expected in the near future. However, almost all other oscillators are stuck in neutral signaling that this pair may be less volatile than expected. Going long with tight stops might be the right strategy today.
Continue Reading
Eur/Usd Technical Analysis for 4th February 2009
Posted on04. Feb, 2009 by admin.
The price appears to be floating in the over-bought territory on the 4-hour chart’s RSI, indicating a downward correction may occur later today. However, the daily chart’s Slow Stochastic indicates a recent bullish cross, signaling a possible continuation of the upward movement. In the short-term traders however may expect a downward correction, but longer-term traders [...]
Continue Reading
Eur/Usd Technical Analysis for 2nd February 2009
Posted on02. Feb, 2009 by admin.
The Slow Stochastic and the RSI on the daily chart are showing a continuation of the current bearish correction. There is also a very accurate bearish channel forming on the 4 hour chart. In addition, all indicators on the hourly chart are pointing down. Going short might be the right choice today.
