Eur/Usd Technical Analysis » bearish correction impending

Eur/Usd Technical Analysis for 10th February 2009

admin — Tue, 10 Feb 2009 14:31:00 +0000

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 strategy.

Eur/Usd Technical Analysis for 9th February 2009

admin — Mon, 09 Feb 2009 12:32:22 +0000

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

Eur/Usd Technical Analysis for 31st December 2008

admin — Wed, 31 Dec 2008 12:24:47 +0000

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.

Eur/Usd Technical Analysis for 23th December 2008

admin — Tue, 23 Dec 2008 09:27:03 +0000

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 today.

Eur/Usd Technical Analysis for 18th December 2008

admin — Thu, 18 Dec 2008 10:00:38 +0000

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.

Eur/Usd Technical Analysis for 16th December 2008

admin — Tue, 16 Dec 2008 10:45:57 +0000

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.