Eur/Usd Technical Analysis for 23th February 2009
Posted on 23. 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 on 20. 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 on 19. 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 on 18. 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 on 17. 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 on 16. 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 on 10. 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 [...]
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Eur/Usd Technical Analysis for 9th February 2009
Posted on 09. 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
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Eur/Usd Technical Analysis for 5th February 2009
Posted on 05. 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.
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Eur/Usd Technical Analysis for 4th February 2009
Posted on 04. 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 [...]
