Posts Tagged ‘Bullish’
Price action on EUR/CHF (a daily chart of which is shown) as of Tuesday (3/29/2011) has been making a bullish correction rally after approaching a re-test of the all-time low just above 1.2400 around a week and a half ago. This occurs within the context of a long-term downtrend that has been in place since [...]
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 [...]
Quote of the day: “What people say you cannot do, you try and find that you can.” - Henry David Thoreau
EURUSD – 1.3814 @06:23 GMT
Hello. The euro recovered yesterday and is back around 1.3800 at time of writing. Resistance starts at 1.3850/60 – level that is still intact after several tests in February. Upside is favored [...]
Price action on GBP/USD (a daily chart of which is shown) as of Monday (2/28/2011) has continued its rangebound consolidation, roughly trading between key support around 1.6000 and key resistance around 1.6300, that has been in place since the beginning of the month. Having made a significant bullish push today, price action has once again [...]
Quote of the day: “Believe you can and you’re halfway there.” – Theodore Roosevelt
EURUSD – 1.3680 @07:53 GMT
Good morning. Upside is back in focus as the euro rallied on Friday, reversing at 1.3550. My plan to sell at 1.3560 on the potential breakdown turned bad but the secondary plan – to switch direction on rally, [...]
Price action on USD/JPY (a daily chart of which is shown) as of Wednesday (2/16/2011) has continued its rise after breaking out above a clear triangle consolidation stemming from the early November long-term low, and then subsequently breaking out above the 83.00 resistance level. For more technical analysis on this currency pair, please click here [...]
By Dan Eduard
After falling well over 100 pips since late last week, the EUR/GBP pair seems poised for a bullish reversal in the near future. Long term technical indicators are showing a potentially significant upward correction, giving forex traders a great opportunity to open up long positions before the upward breach [...]
We kicked off today thinking we had scored our first goal in the TMM 2011 non-predictions with Darth Weber NOT getting Trichet’s post at the ECB. But it appears that the decision has gone to the 3rd umpire. We are praying for a goal and, by the time you read this, it will [...]
Last Thursday Standard & Poor’s
cut Japan’s credit rating to -AA from AA, warning that “Japan’s government debt ratios–already among the highest for rated sovereigns—will continue to rise.” A stagnant economy, unchanged in nominal terms since 1992, an aging population and escalating entitlement liabilities were all cited for the downgrade, along with the absence of a [...]
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 [...]
