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Technical Analysis
Here you can find all the latest technical analysis created by the leading experts in the Forex field. Technical analysis looks at patterns or trends formed over time to help predict future currency movement. Technical indicators include RSI (Relative Strength Index), MACD (Moving Average Convergence), and 50 day moving average.
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Written by Rajoo C Wednesday, 25 August 2010 06:38
EURJPYEURJPY closed @ 10595 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 40 pips from Precise Trader's Sup Zone 10. The Hourly Oscillators are Turning Bullish and the Price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 10540 holds and Daily Trend is Limited Down while 10935 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls...
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by Rajoo C Wednesday, 25 August 2010 06:34
USDCHFUSDCHF closed @ 10330 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 10380 holds and Daily Trend is also Sideways while 10560 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was...
Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Written by Rajoo C Wednesday, 25 August 2010 06:29
EURUSDEURUSD closed @ 12630 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish but Weak and the Price is Below the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Turning Up while 12545 holds and Daily Trend is Sideways Down while 12900 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and...
Forex-Metal Technical analysis -24/08/10
Written by Forex-Metal Tuesday, 24 August 2010 20:36
EURUSDThe pair has dropped to Fibonacci 1.26379. If the pair breaks this level and closes below, then the pair may continue declining. The next aim maybe found at 1.25690.
Resistance: 1.27009, 1.28630, 1.30277
Support: 1.26389, 1.25690, 1.23907
GBPUSD
The MACD divergence forces pair to drop. First aim at 1.52523.
Resistance: 1.54842, 1.56722, 1.58543
Support: 1.52523, 1.50581, 1.48532
USDCHF
The MACD divergence doesn’t let pair to decline. If 1.05139 is broken the pair...
Forex Daily News: August 24, 2010 - USD Still Going Strong
Written by UFX Bank Tuesday, 24 August 2010 07:27
USD Dollar (USD) – The Dollar gained against most of its majors in Forex Trading as risk aversion continued amid fears that the rate of global economic growth is slowing down. The NASDAQ and Dow Jones weakened by 0.92% and 0.38%, respectively. Crude oil weakened by 1.0% to close at $73.10 a barrel, and Gold (XAU) declined by 0.05%, closing at 1$228.50 an ounce. Today, Existing Home Sales are expected to weaken from 5.37M to 4.68M.EURO (EUR) – The Euro reached the lowest level versus the...
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