Tag Archives: bearish correction impending
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 [...]
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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
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Eur/Usd Technical Analysis for 31st December 2008
Posted on31. Dec, 2008 by admin.
The hourlies are showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart’s RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
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Eur/Usd Technical Analysis for 23th December 2008
Posted on23. Dec, 2008 by admin.
The pair has been traded around the 1.40 levels during yesterday’s trading session without making a significant breach. Yet now, a bearish cross on the hourly chart’s Slow Stochastic indicates that a bearish move is forthcoming. Daily chart’s Slow Stochastic is negatively sloped also supporting this notion. Going short appears to be the right choice [...]
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Eur/Usd Technical Analysis for 18th December 2008
Posted on18. Dec, 2008 by admin.
The Daily chart is showing that the pair is still in the bullish configuration. However, the RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
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Eur/Usd Technical Analysis for 16th December 2008
Posted on16. Dec, 2008 by admin.
The bullish trend is loosing its steam and the pair is consolidating around the 1.37 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.
