Tag Archives: bearish cross
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 30th December 2008
Posted on30. Dec, 2008 by admin.
A bearish cross on hourly chart’s Slow Stochastic implies that a downwards correction might take place in the nearest time frame. The daily chart’s RSI is floating in the overbought zone suggesting that the upward trend might be out of steam. Going short with tight stops appears to be the right strategy today.
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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 15th December 2008
Posted on15. Dec, 2008 by admin.
A bearish cross on the hourly chart’s Slow Stochastic implies that a downwards correction might take place in the nearest time frame. The 4-hour chart’s RSI is floating in the overbought zone suggesting that the upward trend might be out of steam. The daily chart’s RSI also supports this notion. Going short with tight stops [...]
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Eur/Usd Technical Analysis for 8th December 2008
Posted on08. Dec, 2008 by admin.
After several failed attempts to breach the1.3000 resistance level on the 4 hour chart, the pair is now consolidating around 1.2800 price level. The daily chart is showing mixed signals with its Slow Stochastic fluctuating at the neutral territory. However, the hourly charts’ Slow Stochastic is showing a bearish cross suggesting that downwards correction might [...]
