Tag Archives: bearish correction
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 2nd February 2009
Posted on02. Feb, 2009 by admin.
The Slow Stochastic and the RSI on the daily chart are showing a continuation of the current bearish correction. There is also a very accurate bearish channel forming on the 4 hour chart. In addition, all indicators on the hourly chart are pointing down. Going short might be the right choice today.
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Eur/Usd Technical Analysis for 2nd January 2009
Posted on02. Jan, 2009 by admin.
After experiencing some bullish momentum before the holidays the pair is going through a mild bearish correction and is currently traded around the 1.3855 level. The hourly studies show that the current price has dropped beneath the Bollinger Band’s lower border, suggesting that another bearish session is expected. Next target price might be 1.3799.
