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- Submitted Oct 10, 2011|From forex-fx-4x.com
GBP/USD At Resistance/Pivot Area 10/10/11- Pound/Dollar is trading close to the the recent range highs; this is closely aligned with the multi-year “price pivot” which has been highlighted on the GBP/USD weekly chart below. Price is close to ...
- Submitted Oct 8, 2011|From forex-fx-4x.com|1 comment
The USD/CAD currency pair fell just short of the 0.94063 > 1.00096 > 0.9725 FE61.8% projection and has dropped over 400 pips from the 1.0656 swing high created on 4th October. Recent volatility continues as this week gave a range of 422 pips which ...
- Submitted Oct 6, 2011|From forex-fx-4x.com
Recent USDX trend to the upside still in place. Price has however been capped just under the 80.00 psychological round number and price action is hinting towards a corrective move lower in the near term; the sharp daily reversal earlier in the week ...
- Submitted Oct 3, 2011|From forex-fx-4x.com
The Australian dollar has declined to a fresh 2011 low today (Monday 3/10/11); The commodity currency has seen a strong drop since early September and little in the way of buying support. Large speculator long positioning has declined from a reading ...
- Submitted Sep 28, 2011|From forex-fx-4x.com
USDX (US Dollar index) Analysis. The current dollar index weekly range (154) is already 102% of the average over 26 weeks which is 150 pips. The USDX 38.2% Fibonacci retrace of 88.7 > 72.69 is located at 78.79 and aligned with the FE 61.8 of the ...
- Submitted Sep 25, 2011|From forex-fx-4x.com
The Australian dollar slipped to a six-month low against the greenback. Concerns that Chinese manufacturing could weaken after China’s factory sector contracted during September; this comes as dwindling international demand put the brakes on new ...
- Submitted Sep 24, 2011|From forex-fx-4x.com|8 comments
Gold has dropped heavily this week with a range which was 294% of the average over 26 weeks; this included the biggest two day dive since 1983 and likewise the largest weekly gold price decline for this period. Many speculators may have been ...
- Submitted Sep 22, 2011|From forex-fx-4x.com|1 comment
Overall USDX positioning remains overtly bullish and price has today tested the 38.2% Fibonacci retrace of 88.7 > 72.69 which is located at 78.79. Our last dollar index post highlighted this area, which also has price structure confluence, as ...
- Submitted Sep 20, 2011|From forex-fx-4x.com|9 comments
The latest COT data revealed that Swiss Franc long positioning decreased as large specs went from 7549 net long contracts on the 6th September to 5493 on the 13th September; this decline started on the 23rd August. In contrast, currency specs were ...
- Submitted Sep 18, 2011|From forex-fx-4x.com
Greek default worries are a major focus for the markets. Any announcements emerging from the European Union finance ministers’ conference yesterday (Saturday), could possibly set the tone for trading during the early sessions of this coming week. ...
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fxprocessor commented Sep 9, 2011The continuation move below 0.8690 did trigger further downside momentum as forecast. S2 target hit today at 0.8600.
EUR/GBP Bearish Price Action At Key Support 9/9/11
- Submitted Sep 8, 2011|From forex-fx-4x.com|1 comment
The EUR/GBP currency pair is currently testing the trend line support which has been forming since January 2011. This ascending trend line is currently aligned with the 200 day SMA and the August range-lows. Price action here could be key for this ...
- Submitted Sep 4, 2011|From forex-fx-4x.com|1 comment
The USDX has broken above the descending trend line after 73.50 area support held on numerous attempts to move lower. Our near term bias is now to the upside after this consolidation break. A move below the 73.50 key support would be needed to ...
- Submitted Aug 31, 2011|From forex-fx-4x.com
GBP/USD Technical Analysis. GBP/USD approaching the 50% retrace level of 1.57803 > 1.66175 bullish wave higher. Price pivot area with clear structure support. Current days range is 104 pips which is 72% of ADR over 60 days and a 0.39% drop. ...
- fxprocessor commented Aug 24, 2011
Guest 143.123 - If the trade criteria fits your system then fair enough. Be carefull though - there has been a large move to the downside and a retrace at this stage would not be unusual.
Gold Daily Engulfing Candle 8/24/11 Analysis
- fxprocessor commented Aug 24, 2011
Hi donny - I see your S2 was hit. Shocking to see the extreme volatility with 273% of ADR over 30 days!
Gold Daily Engulfing Candle 8/24/11 Analysis
- fxprocessor replied Aug 24, 2011
Gold Analysis — Hi all, I added a Gold Technical analysis post to the news section last night after the bearish engulfing candle closed - with associated support and resistance levels. Thought it may be of interest. url All the best Nick
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- fxprocessor commented Aug 24, 2011
Hi fxpeyman - Sorry just seen your post. My analysis was calling for a drop in gold for the near term and not a buy. "From a price action perspective we have a bearish engulfing candle reversal signal at a swing high. The low close is hinting at ...
Gold Daily Engulfing Candle 8/24/11 Analysis
- fxprocessor commented Aug 24, 2011
Price came just short of the R1 50% retrace of the bearish engulfing candle (located at 1864) and is now moving below $1800 and looking like further downside is on the cards.
Gold Daily Engulfing Candle 8/24/11 Analysis
- Submitted Aug 23, 2011|From forex-fx-4x.com|8 comments
Gold moved past the $1,900 mark on Tuesday but swiftly retraced its gains to finish over 3% lower on the day. This was the largest daily slide in one and a half years with the precious metal having advanced by over $300 since the start of August. ...