Archive for 'Eur/Usd'
Eur/Usd Technical Analysis for 20th May 2009
Posted on20. May, 2009 by admin.
The pair has resumed its bullish activity for the past couple of days and is currently trading at the 1.3600 level. However, it failed to breach the 1.3715 level and has provided mixed results ever since. If the pair will indeed breach the 1.3715 level, a sharp bullish move might take place.
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Eur/Usd Technical Analysis for 8th April 2009
Posted on08. Apr, 2009 by admin.
There is a very distinct bearish channel forming on the hourly chart, as the pair is now floating in its lower section. In addition, all oscillators on the 4-hour chart are pointing down, suggesting that the downtrend might extend. Going short might be the right strategy today.
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Eur/Usd Technical Analysis for 3th April 2009
Posted on03. Apr, 2009 by admin.
The pair failed to break the resistance level of 1.3500 earlier today and now trades near the 1.3410 mark. The 4-hour chart is showing a bearish cross on the Slow Stochastic Oscillator and the pair’s RSI is currently floating in the overbought region. This signals downward movement may take place later today. Traders today may [...]
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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.
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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 [...]
