Submitted Dec 13, 2012|From forex-fx-4x.com|39 comments

EUR/USD is trading near flat on the day after the strong push above the 1.3000 handle yesterday and three prior consecutive up days. The price action today comes post the FOMC update regarding further stimulus measures which had put the dollar under ...

Submitted Dec 11, 2012|From forex-fx-4x.com|4 comments

Our weekend EUR/USD technical update highlighted the 1.2875 area price pivot zone, which had confluence with a 50% retrace, as a potential support area. Price has subsequently moved as low as 1.2885 and fallen just short of this level prior to ...

Submitted Dec 9, 2012|From forex-fx-4x.com

When referencing the dollar index weekly time frame chart below (Fig 1) we see the USDX has formed a so called “bullish outside week“. These patterns from when a candle closes higher than the open, having completely engulfed the previous candle. ...

Submitted Dec 8, 2012|From forex-fx-4x.com

USD/JPY – Forex Technical Analysis – Price Box Consolidation In Focus The USD/JPY is now trading within an established range, between 81.68 and 82.83, as can be seen on the daily timeframe dollar/yen chart below. This “box consolidation phase” is ...

Submitted Dec 7, 2012|From forex-fx-4x.com|4 comments

The EUR/USD currency pair moved to the 1.3100 previous resistance area earlier this week before a fresh wave of selling ensued. This sharp decline cut through the 1.3000 psychological round number level, adding bearish weight to the move, before ...

Submitted Dec 2, 2012|From forex-fx-4x.com|1 comment

The dollar/yen rate (USD/JPY) once again rallied close to the highest level seen since around April this year, during trading late last week. Further monetary easing rhetoric from Shinzo Abe, the leader of the LDP (Liberal Democratic party) provided ...

Submitted Dec 1, 2012|From forex-fx-4x.com

GBP/USD Technical Update For The Week Commencing 3rd December Cable moved to the highest level seen since the 5th November on Friday, before finding resistance at the 50% retrace level around 1.6061, as highlighted on the D1 GBP/USD analysis chart ...

Submitted Nov 30, 2012|From forex-fx-4x.com

The USDX found support just above the 80.00 handle (with 50% retrace confluence) over the past week, with a move down to 80.03 on Tuesday and Thursday respectively. Converging 100 and 200 period daily SMA’s (simple moving averages) marked the weekly ...

Submitted Nov 29, 2012|From forex-fx-4x.com|6 comments

Our previous EUR/USD technical update focused on the bearish engulfing line which had formed around the 1.3000 handle.  The initial level we had identified as potentially providing support was around the 1.2885 area; price has subsequently ...

Submitted Nov 27, 2012|From forex-fx-4x.com|1 comment

Our weekend EUR/USD update noted that the psychological 1.3000 level was viewed as the key near term technical focus heading into the new week. The subsequent price action has seen the EUR/USD push to a high of 1.3008 and then drop as low as 1.2914 ...

Submitted Nov 25, 2012|From forex-fx-4x.com

USD/CAD Technical Update For WC 26th November Recap of recent USD/CAD price action: The US/Canadian dollar rate appreciated earlier in the month, but has subsequently edged lower. We note that price has moved to the downside, after finding ...

Submitted Nov 24, 2012|From forex-fx-4x.com

Dollar Index Analysis – USDX – WC 26th November Our dollar analysis update last week noted that the price of the USDX was trading just under a key near term technical level, comprised of the following elements: previous price structure support lows ...

Submitted Nov 23, 2012|From forex-fx-4x.com|9 comments

EUR/USD (Forex FX) Technical Analysis – WC 26th November The near term EUR/USD bottoming scenario continued to play out on Friday, as the currency major came within 10 pips of the key 1.3000 handle as sentiment remained resiliently upbeat. ...

Submitted Nov 22, 2012|From forex-fx-4x.com|2 comments

Euro/dollar has now seen an extended move, above the 200 period SMA and near term range resistance highs. This upside price action also marked a push above the 1.3138 -1.2662 38.2% retrace and trend line resistance area as can be seen on the EUR/USD ...

Submitted Nov 21, 2012|From forex-fx-4x.com|5 comments

USDJPY Resumes Uptrend - Long Term Support And Resistance Levels Dollar/yen has seen a resumption of the recent uptrend today, now markedly higher after the break above 80.60 area resistance we highlighted in this USDJPY analysis post. The Japanese ...

Submitted Nov 18, 2012|From forex-fx-4x.com

The USDX ended this past week trading just under a key near term technical level, comprised of the following elements: previous price structure support lows from June (see far left of figure 1 chart), the 50% corrective retrace of 72.69 - 84.1 and ...

Submitted Nov 17, 2012|From forex-fx-4x.com

EURUSD Analysis 19th November – Weekly Technical Report EUR/USD technical analysis overview. The 1.2800 area previous support lows, which are aligned with the 200 SMA (simple moving average), capped the EUR/USD upside on Friday. Our last update ...

Submitted Nov 15, 2012|From forex-fx-4x.com|2 comments

USD/JPY November 16th Analysis – “Unlimited Easing” Rhetoric – Extended JPY Downside Our previous USD/JPY update (Wednesday) noted that the market was pricing in the potential for additional monetary easing measures in Japan, as Shinzo Abe, head of ...

Submitted Nov 15, 2012|From forex-fx-4x.com|5 comments

AUD/USD Technical Overview – The AUD/USD continues to find resistance around the 61.8% retrace of the last swing to the downside from 1.0624 -1.0146. &Aussie dollar bulls have not yet managed to see this pair print a daily close above this key ...

Submitted Nov 14, 2012|From forex-fx-4x.com|2 comments

The EURUSD pared back previous losses seen during Tuesdays trading session and ultimately closed the day only marginally lower, forming a small pin bar in the process. The size and placement of this price action setup does not neccesarily have us ...