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- Submitted Mar 10, 2013|From forex-fx-4x.com|1 comment
Gold (XAUUSD) continues to move in a consolidation phase and has covered just 55% of the AWR over the prior week. Price is oscillating around the 1580 area, roughly aligned with where it started the past week, and still trading above key 1530 area ...
- Submitted Mar 10, 2013|From forex-fx-4x.com
EURUSD experienced an extended decline on Friday, covering 192% of the 60-day average range, to a fresh 1.2953 area low, but ultimately closing the day -0.8% lower around the 1.3000 whole number. The euro dollar price action on Friday has given a ...
- Submitted Mar 9, 2013|From forex-fx-4x.com|2 comments
A look at the pound/dollar weekly analysis chart, reveals cable is trading above the longer term 78.6% Fibonacci retrace of 1.4228 1.6754 following a breakout under the ascending trend line, a constructive technical development. GBPUSD has seen ...
- Submitted Mar 6, 2013|From forex-fx-4x.com|3 comments
Starting with the GBPUSD weekly analysis chart, we note that cable is trading just above the 1.5000 round number after breaking below the following key technical areas: The longer term ascending trend line, stemming from Jan 2009 and the highlighted ...
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fxprocessor commented Mar 4, 2013Just for a quick recap. After the post, GBPUSD moved as high as 1.5058 this morning, around 11 pips under the first zone highlighted around 1.5069 - 79. So the post did not quite call the high. Not too far off though. The pair then dropped 60 pips ...
GBPUSD Technical Update Week Of March 4th 2013
- Submitted Mar 3, 2013|From forex-fx-4x.com|10 comments
The GBPUSD currency pair has seen a continuation of the recent bearish price action, with a move to a fresh 31-month low. The market took out the key 1.5000 handle during trading on Friday, but ultimately ended the day/week around 1.5030, as traders ...
- Submitted Mar 2, 2013|From forex-fx-4x.com
EURUSD moved as low as 1.2965 on Friday, clearing stops under the 1.3000 handle, but ultimately closing the day above previous support as per the D1 chart below. The euro/dollar currency pair has however managed to close under the 61.8% Fibonacci ...
- Submitted Mar 1, 2013|From forex-fx-4x.com
The bullish breakout of the double inside day formation, as highlighted in our previous USDJPY update, has seen an extended move higher. The dollar yen pair is now trading around the 93.50 area, above the Tenkan Sen and Kijun Sen Ichimoku levels. ...
- Submitted Feb 28, 2013|From forex-fx-4x.com
The US Dollar index has seen a move back to the recent range resistance highs today as the USDX pared initial losses and has rallied to the 82.00 area, a key Fibonacci level. The 61.8% Fibonacci retrace of 84.10 78.60 marks the recent highs and is ...
- Submitted Feb 26, 2013|From forex-fx-4x.com
The EURUSD currency pair has seen an extended decline this week as the political stalemate in Italy affected the cost of borrowing for the nations government, weighing on the european single currency. Euro/dollar had hit the $1.3017 area during the ...
- Submitted Feb 24, 2013|From forex-fx-4x.com
The EURUSD 1.3150 pivot area ultimately held as support on Friday, after a week which had the currency pair drop from 1.3433 1.3144, covering 123% of the AWR (average weekly range) over 26 weeks. The price action following the Fed policy meeting ...
- Submitted Feb 23, 2013|From forex-fx-4x.com|2 comments
The price of gold has seen an extended decline over the past week, culminating in a test of the FE161.8 extension, as per the daily time frame XAUUSD chart below. Gold had moved to seven-month lows, and a second consecutive weekly decline, after the ...
- Submitted Feb 22, 2013|From forex-fx-4x.com
USDJPY has closed marginally lower on the weekly basis and the 94.00 area recent range high has held as resistance. This 94.00 handle roughly coincides with the 38.2% Fibonacci retrace of the long term dollar/yen 124.13 75.51 swing. Any downside ...
- Submitted Feb 22, 2013|From forex-fx-4x.com|3 comments
Our previous update highlighted the 1.3150 area as potential support, as this has been a key EURUSD price pivot and provided both resistance and support over recent months. Price has today tested this area once again, with the earlier move to 1.3155 ...
- Submitted Feb 20, 2013|From forex-fx-4x.com
Cable has dropped to a two-year low as the post FOMC price action unfolds, this has now seen the GBPUSD pair drop under the January 2012 swing low, in the 1.5235 area, and as low as 1.5191. The US dollar has seen broad based gains across the board ...
- Submitted Feb 18, 2013|From forex-fx-4x.com
The USDX - US Dollar Index - measures the value of the USD (United States dollar) versus a basket of foreign currencies. The break under USDX 79.00 area support on the 1/2/13 culminated in a pinbar rejection/false breakout scenario and has seen the ...
- Submitted Feb 17, 2013|From forex-fx-4x.com
The euro gained 1% versus the Japanese yen on Friday after the corrective move to prior EURJPY support around 123.00 met with fresh demand. Fridays low came in around 122.88, an area with technical elements aligned including a price pivot (see the ...
- Submitted Feb 17, 2013|From forex-fx-4x.com
GBPUSD Technical Analysis Week Of 18th February 2013 FX Price Action Update Sterling moved to the lowest level versus the US dollar in over half a year on Friday, amid increasing signs that the UK economy is experiencing difficulty avoiding a ...
- Submitted Feb 16, 2013|From forex-fx-4x.com|5 comments
The Japanese yen plummeted on Friday as global policy makers attempted to talk down concerns around the so called currency wars and advised that they did not intend on interfering with Japans monetary policy efforts. The USDJPY pair subsequently ...
- Submitted Feb 16, 2013|From forex-fx-4x.com|1 comment
Euro/dollar has closed almost flat on the weekly basis and a marginal 2 pips lower than the open after covering a range of 213 pips - 93% of the average weekly range (26-weeks). Friday had the EURUSD currency pair printing the lowest level since ...