Posts Tagged ‘Below’
EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.4246 (Oct 27 high), the price action from 1.2946 is likely consolidation of the downtrend. As long as the trend line resistance holds, we’d expect downtrend to resume, and another fall towards 1.2500 is still possible. Initial support is at [...]
The greatest challenge to any thinker is stating the problem in a way that will allow a solution. ~ Bertrand Russell Good morning. Dollar pulled back yesterday as risk pairs rallied following stocks, hence my plans to look for selling opportunities on more AUD weakness are on-hold. Holidays are approaching, so it’s probably best to take [...]
Quote of the day:“Time has a wonderful way of showing us what really matters.” ~ Margaret Peters Good morning. Dollar breached horizontal support yesterday as the euro rallied to as high as $1.4245 from a session low at $1.3865 on euro-zone deal optimism. Large swings can be seen all over the place so let’s take a [...]
Quote of the day: “When the water reaches the upper level, follow the rats.” ~ Claude Swanson Good morning. The euro still holds gains trading in a narrow range a few points below Monday’s top near $1.3700. Overall short-term sentiment is bullish as long as the pair holds above 1.3500. Recent intraday pullbacks towards 1.3575/00 have [...]
Quote of the day: “There is no security on this earth, there is only opportunity.” ~ General Douglas MacArthur Good morning. Monday’s opening price which is providing resistance is currently being tested as the euro recovered some ground, but the daily charts remain bearish as long as there are several resistance layers above current trading zone. The [...]
London Gold Market Report
from Adrian Ash
BullionVault
Fri, 30 Sept 2011
WHOLESALE gold prices drifted lower in London after rising in Asia on Friday morning, set for their biggest monthly drop against the Dollar since the Lehmans’ crash of Oct. 2008 but finishing the third-quarter of 2011 more than 13% higher.
US equities and crude oil prices have lost [...]
EURUSD broke below 1.3499 support and reached as low as 1.3386. Further decline would likely be seen in next several days, and next target would be at 1.3200 area. Resistance is at 1.3600, only break above this level could indicate that a cycle bottom has been formed at 1.3386 on 4-hour chart, and lengthier consolidation [...]
AUDUSD broke below 1.0177 support and reached as low as 1.0148. Key resistance is at 1.0398, as long as this level holds, downtrend from 1.0764 could be expected to continue, and next target would be at 1.0050 area. However, a break above 1.0398 will indicate that the fall from 1.0764 has completed, then the following [...]
USDJPY broke below 76.40 previous low and reached as low as 76.29. The pair is now forming a cycle bottom on 4-hour chart, consolidation of downtrend from 81.47 is needed in a couple of days, and the trading range would be between 76.29 and 78.02. As long as 78.02 resistance holds, downtrend could be expected [...]
USDCHF broke below 0.8326 previous low and reached as low as 0.8315. Resistance is at downtrend line on 4-hour chart, as long as the trend line resistance holds, downtrend from 0.8550 could be expected to continue, and next target would be at 0.8200 zone. However, a clear break above the trend line resistance will indicate [...]
