- Search Crypto Craft
- Submitted Feb 11, 2012|From forex-fx-4x.com|1 comment
The EURUSD currency pair has moved above the key 1.3200 resistance highs but closed below on the weekly timeframe. This 1.3200 level is also aligned with the 38.2% retrace of 1.4246 – 1.2629. A sustained move below 1.3000 would be needed in order ...
- Submitted Feb 10, 2012|From forex-fx-4x.com|1 comment
The USDX has closed the week as a doji. This is indicating that dollar index sellers may not be as confident as they were with regards to the previous downtrend. This is however coming after two strong down weeks and at the very least we would like ...
-
fxprocessor replied Feb 7, 2012I guess it depends when it hits it :-) If it gets hit at London open tomorrow could be some volatility.
EURUSD
- fxprocessor replied Feb 7, 2012
Dollar index has taken out 78.60 area lows but for some reason I'm not convinced that this dollar bear move has legs.
EURUSD
- fxprocessor replied Feb 6, 2012
Similar pattern to last week. EURUSD headed north pretty much from the Asian open. Lets see if the London traders care to continue with the overnight trend or close the gap.
EURUSD
- fxprocessor replied Feb 5, 2012
Some interesting free material available from Timothy Morge out there. Worth a look.
Who are the top best Forex traders in world??
- Submitted Feb 4, 2012|From forex-fx-4x.com
The USDX has traded within a 78.61 – 79.56 range this week. This comes in at 95 pips which is 57% of the average weekly range (AWR) over 26 weeks. This week did provide the first higher close over the last 3 weeks. This was far from convincing ...
- Submitted Feb 4, 2012|From forex-fx-4x.com|5 comments
EURUSD is caught in a 2 cent range around 1.3000 to 1.3200. Range high resistance comes in the form of recent price structure and the 38.2% Fibonacci retrace of the January / October decline. These highs have held during the week as traders did not ...
- fxprocessor replied Feb 4, 2012
Breakout of the range between 1.3000 and 1.3233 is need in order to gain a near term directional bias. Major event risk coming next week could see a break of the consolidation.
EURUSD
- fxprocessor replied Jan 31, 2012
EURUSD This week — - Key resistance around 1.3250 (the 38.2% Fibonacci retrace of January - October decline) has held so far this week and price is now testing the 1.3075 area support level. - The attached chart shows a similar pattern to the ...
EURUSD
- Submitted Jan 29, 2012|From forex-fx-4x.com
Large specs are still heavily net long the Japanese Yen (CME) at 44,367 contracts as of the 24th Jan reporting period. This has however dropped from the 58,862 reading a week earlier. The EUR FX (CME) has large specs heavily net short, at an all ...
- Submitted Jan 29, 2012|From forex-fx-4x.com|2 comments
The dollar index bearish engulfing candle we highlighted last week has triggered strongly to the downside. This weekly timeframe candle came after the previous week printed a doji – an earlier hint that the strong USDX upside move was running out of ...
- Submitted Jan 28, 2012|From forex-fx-4x.com|1 comment
The EURUSD currency pair has sustained the break above the descending channel and closed the week near the high point of the weekly range. The AWR over 26 weeks is 355 pips and this week has covered 99% of the AWR and 353 pips.Price has closed near ...
- Submitted Jan 22, 2012|From forex-fx-4x.com|4 comments
EUR/USD has broken above the descending channel we highlighted earlier this week. This is the first decisive move to the upside during the recent wave down and has broken the series of lower highs with the 1.2813 13/1/11 daily high being the last ...
- Submitted Jan 21, 2012|From forex-fx-4x.com|19 comments
The dollar index chart shown below has printed a bearish engulfing candle for this past trading week. This comes after the near doji candle last week hinted towards trend exhaustion for this current wave higher. This is the first significant bearish ...
- Submitted Jan 15, 2012|From forex-fx-4x.com
Australian Dollar/U.S. Dollar Technical Update 15/1/2012 The recent Forex relative strength charts (not to be confused with the RSI indicator) are showing that the Aussie dollar is at present the strongest individual currency, from the majors, when ...
- Submitted Jan 7, 2012|From forex-fx-4x.com|3 comments
EURUSD has dropped 1.63% since the open this past week with a range of 382 pips which is 103% of the average weekly range over 26 weeks. The latest COT report data from the CFTC shows that EUR FX (CME) shorts increased by 9% to 138,909 net short ...
- Submitted Jan 3, 2012|From forex-fx-4x.com
USDX is currently testing the 79.69 area which was previous resistance that has become support. This level held price on the five previous attempts to move lower. The above level is currently aligned with the down sloping range trend line we added ...