Posts Tagged ‘bounce’
EURUSD’s bounce from 1.2858 extended to as high as 1.3076. Further rise is still possible later today, and the target would be at the upper line of the price channel on 4-hour chart. Key resistance is at 1.3196, as long as this level holds, the price action from 1.2946 is treated as consolidation of downtrend [...]
The EURUSD has fallen away from it’s potential bullish flag break at 1.4500 and is currently sitting at a junction where it could likely reverse or break.
A potential reverse could see the EURUSD reach previous support (now new resistance) at 1.4000, or break from the bullish flag and reach the base of the flag, being [...]
The euro got hammered by the us dollar during the last 4 days when it slipped sharply from 1.4940 last May 4 to a low of 1.4254 yesterday. However, it appears that the euro bulls will be looking to rebound from its recent losses shortly.
The EURUSD’s current price set-up is one [...]
By JW Jones, optionstradingsignals.com
The price action in precious metals and oil this past week has been breathtaking. The last time we have seen this much volatility in commodity prices was amidst the financial crisis in 2008 and the early part of 2009. Does this mean we are at the brink and [...]
Overnight it was revealed that Osama Bin Laden has finally been brought to justice and was killed by US forces. The sense of relief that came over the markets may be short-lived however as there are still many sources of risk in the global economy, each posing a different threat.
Oil sold off immediately on the [...]
Price action on EUR/USD (a daily chart of which is shown) as of Monday (3/28/2011) has begun the week by continuing last week’s bearish correction and dropping down to approach the key 1.4000 psychological support by just 20 pips before making a pronounced bounce. This bounce also occurred right around a key uptrend support line [...]
USDCHF’s bounce from 0.8922 extended further to as high as 0.9227. However, next cycle top is nearing, another fall would likely be seen later today. Key support is at the rising trend line on 4-hour chart, a clear break below the trend line support will indicate that a cycle top has been formed, and the [...]
