Archive for March, 2009
Eur/Usd Technical Analysis for 23th March 2009
Posted on23. Mar, 2009 by admin.
After touching a base at 1.3724, the pair now is consolidating a bit higher near the 1.3680 level. All oscillators show that the bullish momentum will probably continue. The Slow Stochastic of the 4-hour chart is showing no crosses in the horizon, and the bullish momentum there appears to be intact as well. On the [...]
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Eur/Usd Technical Analysis for 6th March 2009
Posted on06. Mar, 2009 by admin.
The pair is testing the very important key resistance level of 1.2615. The 4 hour chart is showing mixed signals with its Slow Stochastic 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. Going long [...]
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Eur/Usd Technical Analysis for 5th March 2009
Posted on05. Mar, 2009 by admin.
This pair appears to be consolidating towards the center line of the Bollinger Bands on all charts, indicating a lack of direction. However, the recent bullish cross on the daily chart’s Slow Stochastic signifies that a bullish correction may take place in the nearest future. Going long might be the right choice today.
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Eur/Usd Technical Analysis for 4th March 2009
Posted on04. Mar, 2009 by admin.
It appears a violent breach of the lower border on the 4-hour chart’s Bollinger Bands has occurred, signaling that an upward correction may occur in the near future. The recent bullish cross on the daily chart supports this notion. Going long might be a wise choice today.
