Posts Tagged ‘Bearish’
Price action on GBP/USD (a daily chart of which is shown) as of Thursday (2/03/2011) has retreated after closely approaching the 1.6297 resistance high hit in early November, missing that upside target by just around 20 pips. After hitting a 1.6276 high in early Thursday trading, establishing almost a three-month high in the process, price [...]
Price action on EUR/USD (a daily chart of which is shown) as of Monday (1/31/2011) has recovered much of the losses it suffered on the last day of last week, when the pair made a corrective drop after hitting a high at 1.3756. As long as a breakdown below key support at 1.3500 does not [...]
Price action on AUD/USD (a daily chart of which is shown) as of Friday (1/14/2011) has once again resumed its bearish positioning after having broken down below a key parallel uptrend channel extending back to the June lows, and then retracing back up slightly above parity. For more technical analysis on this currency pair, please [...]
Price action on USD/JPY (a 4-hour chart of which is shown) as of Tuesday (12/28/2010) has continued its bearish stance after breaking down swiftly below a key parallel uptrend channel last week, and then dropping further down to break below significant 83.00 support. Today, price action dropped below key 82.00 support [...]
Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (11/30/2010) has just dipped tentatively under 1.3000, establishing a new 11-week low. Price action has continued its methodical bearishness of the past month (November), regularly breaking down below key support levels, pulling back (rallying) and retesting those previous support levels as [...]
Price action on EUR/USD (a daily chart of which is shown) as of Friday (11/12/2010) has made a bearish correction down to a key 38.2% Fibonacci retracement of the last major bullish run (from the late August low to the early November high). This correction occurs after price hit a 9-month high at 1.4280 just [...]
Quote of the day: Recession is when a neighbor loses his job. Depression is when you lose yours. – Ronald Reagan
EURUSD
Trading strategy: short at 1.3910, stop at 1.3960(0.5% risk), 1st objective at 1.3860, 2nd objective at 1.3780
The euro recovered some ground in Asian session as the support zone formed by the last weeks’ bottoms provided [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Monday (10/25/2010) has just established a new 20-month low by breaking down tentatively below the previous long-term low of 126.70 set in May. This occurs within the context of a strong parallel downtrend channel extending back to the August 2009 high. For [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Monday (10/25/2010) has just established a new 20-month low by breaking down tentatively below the previous long-term low of 126.70 set in May. This occurs within the context of a strong parallel downtrend channel extending back to the August 2009 high. For [...]
Price action on USD/CHF (a 4-hour chart of which is shown) as of Monday (10/18/2010) has been making yet another bullish retracement beginning late last week, within the context of the strong bearish trend that has characterized this currency pair since early June. Price action hit a high around 0.9650 in early Monday trading before [...]
