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- Submitted Jul 5, 2013|From forex-fx-4x.com|1 comment
The GBP/USD pair has seen another sharp decline today and a break through the 1.5000 handle round number area. 1.5000 has seen significant support and a break under this level is a constructive technical development. This latest push lower came as ...
- Submitted Jul 4, 2013|From forex-fx-4x.com|2 comments
The EURUSD pair has seen a break of the ascending trend line around 1.2925, on a continuation of the recent bearish trend. Price moved under yesterdays low around 1.2921, after the European Central Bank (ECB) articulated a dovish stance on interest ...
- Submitted Jul 2, 2013|From forex-fx-4x.com|5 comments
The key EURUSD pair found resistance today around the 1.3075 area with converging 50 and 200-day SMAs. We have highlighted this technical area of interest in our recent updates as a level to monitor. Price has now finally broken through the 1.3000 ...
- Submitted Jul 1, 2013|From forex-fx-4x.com
The USD/JPY pair moved closer to the psychological 100.00 handle round number today a key technical area of interest as it coincides with the 61.8% Fib and price pivot zone. The U.S. dollar climbed to ₯99.85 from ₯99.26 during the prior session. ...
- Submitted Jun 30, 2013|From forex-fx-4x.com
The EURGBP pair has been trading within a tightening consolidation pattern. The consolidation pattern resembles a symmetrical triangle formation. This comes as the EURUSD pair is trading just above the key 1.3000 round number area (see our latest ...
- Submitted Jun 29, 2013|From forex-fx-4x.com
The EURUSD pair managed a corrective move higher to the 1.3100 area on Friday, as aligned with the 200 SMA (simple moving average). The 200 SMA was a technical point of interest we had highlighted in our last update as the initial resistance level ...
- Submitted Jun 26, 2013|From forex-fx-4x.com|17 comments
The euro/dollar pair is currently consolidating around the psychological 1.3000 handle round number area, aligned with the descending trend line, as per the daily/weekly timeframe charts below. Price has now pushed convincingly under the 200 SMA ...
- Submitted Jun 24, 2013|From forex-fx-4x.com
The dollar index has rallied to the 83.00 handle, 61.8% Fibonacci retrace level today, before finding an element of resistance. This comes after three consecutive, high range, upside days as the dollar hit its highest level in almost three weeks, on ...
- Submitted Jun 23, 2013|From forex-fx-4x.com|2 comments
The USD/JPY pair moved to a weekly high of 98.27, testing the Ichimoku cloud base and finding resistance on Thursday. Price is threatening to take out this high after moving back to the Senkou Span A area on Friday. This USDJPY upside scenario comes ...
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fxprocessor commented Jun 23, 2013I often add a weekly chart to the weekend analysis posts to give a high level overview. GBPUSD high of last week was 1.5749 which was approaching the 1.5820 area previous support zone. From a weekly chart perspective I see the 1.5820 area as being ...
GBPUSD Technical Update Week Of June 24th Pound Dollar Analysis
- Submitted Jun 23, 2013|From forex-fx-4x.com|11 comments
The recent GBPUSD rally has turned at the confluence area comprised of the 61.8% Fib retrace, FE100 expansion level and 1.5820 previous support level. The FE100 area was also the D level from an ABCD pattern. Our last update highlighted this key ...
- Submitted Jun 22, 2013|From forex-fx-4x.com
Our last EURUSD technical update highlighted a rejection from the 61.8% Fibonacci retrace area around 1.3340, which is roughly aligned with the weekly timeframe 200 SMA. The key currency pair has seen a bearish phase during the following days, with ...
- Submitted Jun 19, 2013|From forex-fx-4x.com|5 comments
The EURUSD pair has seen a strong rejection from the 1.3415 area range resistance post the FOMC event risk today. This area is a 61.8% Fibonacci retrace of the last major swing and an area aligned with the Weekly 200 SMA. Our recent updates have ...
- Submitted Jun 18, 2013|From forex-fx-4x.com|1 comment
Our last update at the weekend noted that the EURUSD currency pair had closed with an inside day formation at the 61.8% Fibonacci retrace of the last major swing an area aligned with the Weekly 200 SMA. Price has subsequently seen a breakout to ...
- Submitted Jun 16, 2013|From forex-fx-4x.com
The AUDUSD pair closed last week above the key longer term prior resistance area, around 0.9400. The weekly chart below shows that this area held as resistance in 2009/2010 and subsequently became support in 2011 a long term support to resistance ...
- Submitted Jun 16, 2013|From forex-fx-4x.com|6 comments
Dollar/Yen chart update. The USDJPY currency pair is threatening a move to the 92.50 area previous support level as the corrective move lower has gained momentum. The dollar has lost almost 10% since May 22, when it hit a peak around 103.74 yen. The ...
- Submitted Jun 16, 2013|From forex-fx-4x.com
Cable continues to trade under the confluence area comprised of a 61.8% Fibonacci retrace, FE100 expansion level and 1.5820 previous support level. As noted in our previous update, the FE100 area is also a potential D level from an ABCD pattern, ...
- Submitted Jun 14, 2013|From forex-fx-4x.com
Euro/dollar has seen a 212 pip range this past week, representing 89% of the 20 week average (AWR). The major currency pair has closed the week at the 61.8% Fibonacci retrace of the last major swing. This area is seen as key in the near term and is ...
- Submitted Jun 13, 2013|From forex-fx-4x.com
Cable is trading just under the confluence area comprised of a 61.8% Fibonacci retrace and FE100 expansion and has hit a high of 1.5736 intra-day. This FE100 area is also a potential "D" from an ABCD pattern as highlighted on the D1 GBPUSD chart ...
- Submitted Jun 12, 2013|From forex-fx-4x.com|3 comments
Our euro/dollar update yesterday noted that the currency pair was threatening a move towards the 61.8% Fibonacci retrace of the main swing lower from 1.3710″. The EURUSD pair has indeed moved to this level and is currently seeing an element of ...