Eur/Usd Technical Analysis » bullish correction

Eur/Usd Technical Analysis for 20th May 2009

admin — Wed, 20 May 2009 07:01:36 +0000

The pair has resumed its bullish activity for the past couple of days and is currently trading at the 1.3600 level. However, it failed to breach the 1.3715 level and has provided mixed results ever since. If the pair will indeed breach the 1.3715 level, a sharp bullish move might take place.

Eur/Usd Technical Analysis for 5th March 2009

admin — Thu, 05 Mar 2009 10:13:20 +0000

This pair appears to be consolidating towards the center line of the Bollinger Bands on all charts, indicating a lack of direction. However, the recent bullish cross on the daily chart’s Slow Stochastic signifies that a bullish correction may take place in the nearest future. Going long might be the right choice today.

Eur/Usd Technical Analysis for 24th February 2009

admin — Tue, 24 Feb 2009 10:06:03 +0000

A bullish cross appears to be imminent on the 4-hour chart’s Slow Stochastic, signaling a bullish correction may take place shortly. However, a bearish cross may be forming on the hourly chart’s Slow Stochastic, indicating the opposite. Weekly momentum appears to be leveling which means the pair may lack direction at the moment. Waiting for a clearer signal might be the right choice today.

Eur/Usd Technical Analysis for 18th February 2009

admin — Wed, 18 Feb 2009 12:27:36 +0000

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 the right choice today.

Eur/Usd Technical Analysis for 13th January 2009

admin — Tue, 13 Jan 2009 14:12:49 +0000

It appears that the bearish trend may have run out of strength as the current price level has dropped the pair into the oversold territory as the 4 hour chart’s RSI reveals. The pair also currently floats near the bottom barrier of the daily chart’s Slow Stochastic, suggesting a bullish correction may be imminent. In that case, going long with tight stops may be the correct strategy.

Eur/Usd Technical Analysis for 6th January 2009

admin — Tue, 06 Jan 2009 11:25:30 +0000

The hourly chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.