Daily candle broke the red 200 but failed to close above it. The price failed at the aqua colored 100 sma/pink 300 sma on first attempt @ 1.5764. The daily high 1.5766. We may see a weekly range between the yellow 38 fib and the yellow 50 fib this ...

Cable Update (GBPUSD)

The weekly chart shows resistance at the green 22 sma held @ 1.5783. The weekly high was only 1.5766. The brown 55 sma is above it around 1.5829. The midpoint of the May Bearish engulfing is around 1.5802 and is in sight this week. The current ...

Cable Update (GBPUSD)

Strong monthly resistance above the price here. Downtrend from the high 2.11 coninues over the long term. The bearish engulfing candle from May is in control of this pair for now. The mid point of that May candle is around 1.5802 price level.

Cable Update (GBPUSD)

Very interesting candle there, implying a short term bottom in the pair. The mid point of the previous bearish engulfing candle is the line in the sand. That would be around the 1.28 area.

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

the range is 1.2240-1.2400 for now. This position is an entry in the middle and risky. Good luck on it. If you are patient, you might get a better short entry higher up ahead of the ECB meeting on Thursday.

EurAnalysis

well said...

EurAnalysis

Do you know the circumstances when EUR/USD hit the all time high at 1.6035 during 2008 ? Yes, I was charting currencies back then. Risk Aversion market sentiment drove the pair down as money flowed away from riskier assets to safe havens. Panic ...

EurAnalysis

The aud/chf has been trading exactly opposite the eur/usd lately. I like a long positon on this pair because it pays over 15 dollars a day swap interest on a full lot position. This carry trade is risky, and depends on Risk On market sentiment to go ...

EURUSD

Looking at the 4 hour chart for eur/usd, we see that a short term bottom was made when price closed above the aqua colored 100 sma. The red 200 sma is sitting around the 1.2406 price for now. Hopium Market Sentiment (Risk On) should provide support ...

EURUSD

The first chart is from my last post here, at FF. The red 200 sma provided strong support along with the 50% fib of the decade long uptrend we saw that topped out at 1.6035. That buy order was filled and tp'ed at 1.23. i built sell orders above 1.23 ...

EurAnalysis

The first chart is from my last post here. The red 200 sma provided strong support along with the 50% fib of the decade long uptrend we saw that topped out at 1.6035. That buy order was filled and tp'ed at 1.23. i built sell orders above 1.23 up to ...

EURUSD

The first chart is from my last post here. The red 200 sma provided strong support along with the 50% fib of the decade long uptrend we saw that topped out at 1.6035. That buy order was filled and tp'ed at 1.23. i built sell orders above 1.23 up to ...

Euro/Dollar

Well said

Euro/Dollar

long entry @ 1.0135 tp @ 1.0240 This pair has been been trading the direct opposite of eur/usd the last 2 days. I shorted eur/usd @ 1.2388 and tp'ed at 1.2300 at the same time i took this position. 1.2400 eur/usd is very well defended by big banks ...

AUD/CHF

If the red 200 sma is broken, then the previous swing lows will be in play at 1.1875 and 1.1640. 50% fib around 1.2155 61% fib sits around 1.1230 area.

EurAnalysis

long term consolidation — eur/usd is in a very long term consolidation pattern from the all time high at 1.6035. She has made lower highs at 1.5141 and 1.4938. The red 200 sma is located around 1.2056 area. The 50% fib of the decade long ...

EURUSD

Cable has hit my target at 1.6090 as I posted before. I am flat this pair.

Cable Update (GBPUSD)

Not much change in this pair since i last posted. 4 hour chart and hourly show a pull back at the week's end. stand aside. Look to sell higher.

GBP/CHF and USD/CHF

No change in my view. long from 1.5952.

Cable Update (GBPUSD)

4 hour chart shows the cluster sma resistance turned support sitting below current price. we should see a pull back to the brown 55 sma, @1.6000/5990 area, then a test of the offers that are sitting at 1.6090.

Cable Update (GBPUSD)