Eur/Usd Technical Analysis » continuation of bearish momentum

Eur/Usd Technical Analysis for 12 January 2009

admin — Mon, 12 Jan 2009 13:52:46 +0000

It is seems that the pair’s bullish correction has ended after peaking at the 1.3730 level, and the bearish momentum has fully resumed. And now, as all oscillators on the 4-hour chart are pointing down, it appears that the bearish move has more room to go, with a potential price target of 1.3300.

Eur/Usd Technical Analysis for 8th January 2009

admin — Thu, 08 Jan 2009 13:12:25 +0000

The daily charts show quite a wide range-trading with no specific direction. The Slow Stochastic of the 4-hour chart is showing a strong bearish momentum, and the RSI confirms that the direction is indeed down. On the hourly chart however, a bullish cross of the Slow Stochastic oscillator indicates an upcoming test of the 1.3800 level once again.

Eur/Usd Technical Analysis for 5th January 2009

admin — Mon, 05 Jan 2009 14:40:20 +0000

The Slow Stochastic and the RSI on the daily chart are showing a continuation of the current bearish momentum. There is also a very accurate bearish channel forming on the 4-hour chart as well. In addition, all indicators on the hourly chart are pointing down. Going short might be the right choice today.

Eur/Usd Technical Analysis for 22nd December 2008

admin — Mon, 22 Dec 2008 12:07:05 +0000

After showing a consistent bullish momentum for the past week, the daily chart is showing signals of a falling correction. The bearish breach on the daily chart has created strong downwards momentum that might eventually carry the pair to the next target price of 1.3800. The hourly chart’s Slow Stochastic is showing no crosses, which also indicate the continuation of the bearish trend. Going short appears to be preferable today.

Eur/Usd Technical Analysis for 2nd December 2008

admin — Tue, 02 Dec 2008 14:27:01 +0000

The float within the wide bearish channel on the 4-hour chart continues, as no significant breach has been made. The negative slope on the daily chart’s Slow Stochastic indicates the continuation of the bearish momentum within the channel. Going short with tight stops appears to be the preferable strategy today.