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- Submitted Jan 1, 2012|From forex-fx-4x.com
Last week gave the anticipated lower trading range associated with holiday periods and 59% of the AWR over 26 weeks at 225 pips. The key move came on Thursday with a break of structure to the downside and subsequent hammer candle close. Friday did ...
- Submitted Dec 29, 2011|From forex-fx-4x.com
The USDX has penetrated both the recent range highs at 80.72 from 14/12/11 and the 50% Fib retrace of 88.7 72.69 as the GBP/USD, heavily dollar index weighted EUR/USD and USD/CHF have seen sharp losses on dollar strength over the past two days. ...
- Submitted Nov 27, 2011|From forex-fx-4x.com|10 comments
The Euro hit the lowest level in nearly two months this past week. The risk aversion theme has continued and the market is concerned about the recent results from various euro-zone nation bond auctions. Portugal and Belgium were downgraded by Fitch ...
- Submitted Nov 26, 2011|From forex-fx-4x.com|3 comments
The dollar index is close to a test of the 4/10/11 swing point at 79.83 with the current weekly high printed on Friday at 79.69. There has been a major shift to the dollar in recent times due to the euro-zone debt crisis and this has brought ...
- Submitted Nov 19, 2011|From forex-fx-4x.com
The euro has weakened further this week as the market focuses on the fact that euro zone debt yields have risen considerably and are still dangerously close to euro-era records; sovereign spreads look to be dominating the current risk sentiment ...
- Submitted Nov 19, 2011|From forex-fx-4x.com
The dollar index has seen further upside this week and a move over 110% of the average weekly range (over 26 weeks). USDX hasn't really looked back since opening near 76.70 support and has been moving higher throughout the week as the dollar moved ...
- Submitted Nov 15, 2011|From forex-fx-4x.com
The aforementioned and heavily weighted EUR/USD is now trading just above 1.35 and this was the prior swing low point with the 10/11/11 seeing a 1.3482 low before the subsequent 300+ pip rally. Large specs actually decreased bearish bets on the euro ...
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fxprocessor commented Nov 15, 2011This is EURUSD guys. Goldman Sachs are not going to gain from sending out false signals. He just got it wrong...
Goldman Under 100 pips From Being Stopped Out On EURUSD In 24 Hours
- fxprocessor commented Nov 14, 2011
Hi TraderUSA. Please revisit the USDX chart if you don't see the market as following the technicals. The 76.70 support I reference in the first line of the post has been a major USDX level recently. Price hit this level almost to the pip last night ...
Dollar Index Update 12th November
- fxprocessor commented Nov 14, 2011
The move to the downside from resistance did actually come to be. The broken trend line retest combined with the fact that cable was at resistance highs gave a nice setup to start the week. The fact that the USDX was at support was additional ...
GBP/USD Analysis Week Commencing 14th November 2011
- Submitted Nov 12, 2011|From forex-fx-4x.com
The EUR/USD currency pair experienced the biggest daily timeframe rally in the last couple of weeks, moving higher from a one-month low versus the U.S. dollar on Friday, and pulled back most of the weeks earlier losses. The 375 pip weekly range, ...
- Submitted Nov 12, 2011|From forex-fx-4x.com|4 comments
Price is once again close to the 76.70 support level which has held price on numerous attempts to move lower. A solid close below this level would encourage USDX bears but another rejection could see dollar index bulls re-focus on the 10/11/11 78.16 ...
- fxprocessor replied Nov 7, 2011
If price hits your buy limit it will need to break below the recent daily range lows... some would consider this a bearish breakout. A pinbar in this area would be a different proposition though. Food for thought :-)
james16 Chart Thread
- Submitted Nov 7, 2011|From forex-fx-4x.com
The price of Gold has moved towards a multi-week high and eased through the 61.8% Fibonacci retrace of 1920.9 > 1532.4, as Italys 10-year bond yields hit a record today, climbing to 6.55 percent. Concerns remain that Italy, who are the euro-zone ...
- Submitted Nov 5, 2011|From forex-fx-4x.com|1 comment
EUR/USD remains remarkably resilient to the ongoing political uncertainty, unfavourable economic data and also the ECBs decision to reduce interest rates rate by 25 basis points to 1.25 percent on Thursday; the single currency has finished ...
- Submitted Nov 1, 2011|From forex-fx-4x.com
The current risk aversion flows appear to be U.S dollar positive as safe haven choices have been limited recently in the Forex market. The Japanese Yen intervention and Swiss Franc cap have pretty much ruled these currencies out in the near term in ...
- fxprocessor replied Oct 29, 2011
Another month drawing to an end and a 1102 pip range for EUR/USD. Just a couple of hundred pips lower than last months open. I hope nobody here is holding shorts from down there...
EURUSD
- fxprocessor replied Oct 18, 2011
1.3686 pivot level — Price has penetrated the 1.3686 pivot level on an intra-day basis. The large bearish 4 hour candle preceding the current one could not initially break through the combination of 150 EMA, 50 EMA and price structure support. ...
EURUSD
- Submitted Oct 15, 2011|From forex-fx-4x.com
Gold ended the week higher and printed the largest gain in over a month; this came as optimism surrounding euro-zone plans to combat the areas debt issues and a weaker dollar was seen; Spot gold rose almost 1 percent on Friday and by 2.5 percent on ...
- Submitted Oct 11, 2011|From forex-fx-4x.com|1 comment
The USDX corrective move lower, as forecast in the previous update, has materialised and price has retraced to the 38.2% Fibonacci of 73.52 > 79.83. This level has price structure support confluence as a price pivot level and has held the dollar ...