Archive for the Technical Analysis Category
EUR/USD Key Support at 1.4170
By Forex District -The pair is higher but still trades in a tight range as traders are unwilling to take decisive measures as earnings continue to be delivered. EuroZone economic releases were quite positve signaling stabilization is under way. The German Ifo business climate came in at 87.3, higher than the 86.6 expected and the [...]
EUR/USD: Steady Moving In Ranges
By FXStreet -
The Dollar is calm across the board. In Wall Street results are mixed: the Dow Jones is down 0.1% and the Nasdaq rises 0.15%. EUR/USD is moving sideways in a small range between 1.4100 and 1.4125. Earlier the Euro rose to a two-week high at 1.4163 but failed to stay above and pulled [...]
EUR/USD and GBP/USD – Continued Weakness
By Back Bay FX – We have held a long-term bullish view on the USD since the Federal Reserve’s June 24 FOMC statement. Our view has been tested in the early days of July, but we remain convinced that EUR/USD and GBP/USD will fall.
Our reasoning stemmed from the FOMC statement and the actions of the [...]
Long Term Chart – Gold at Important Level
We have overlaid the below chart of daily price action in spot Gold with our favorite Bollinger Band (“BB”) settings. Within an overall trend of Gold moving higher, we have noted that recently any break through the midline (currently at 943.50) to the upside has been the start of a strong move higher. Moves through [...]
Dollar Upside Acceleration Favored
By DailyFX -
The EURUSD, GBPUSD, and AUDUSD key levels remain intact. The US dollar bottoming scenario remains favored.
EUR/CHF Spotlight: Indicator of the Day
By Joel Kruger – The cross has been confined to a well defined range trade since early April with the market loosely trading between the 1.5000-1.5250. The way to play this type of price action is generally to look to buy on dips towards the range lows and rallies back to the range highs. One [...]
EUR/USD at Support Levels
By Back Bay FX – EUR/USD has just broken through the bottom it’s recent support line (noted in BLUE on the below image). The start of that support is the same level (1.3780 – 1.3800) as we say as a launching pad for EUR/USD back in late May (see BLUE circle on below image.) We [...]
USD/CHF – Forecast June 12th – Market strategy is bullish, buying from the 1.0750 level
By Forex District -
Technical oscillators supporting the bullish trend for the USD/CHF currency pair
USD/CHF-market strategy can be a buy from the level 1.0750
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish [...]
Dollar Trades in Choppy Manner; Direction Unclear
BY DailyFx.com – The EURUSD and USDCHF patterns suggest that the larger trend is in favor of the US dollar. However, important levels have been broken in the AUDUSD and NZDUSD and the USDCAD is expected to drop below 1.0780 before a low forms. At this point, there is no overriding technical theme.
Watching Canadian Dollar
We are going to keep an eye on the Canadian Dollar today. The Bank of Canada’s governor is giving a speech today in New York and the text of the speech will be released at 13:35 EST.
Bank of Canada has released statements in the last few weeks that the recent strength of the Canadian Dollar [...]