EURUSD continues its downward trend

EURUSD continues its downward trend from 1.5144 and the fall extends further to as low as 1.4668 level. Deeper decline is still possible later today and target is to test 1.4626 key support, a breakdown below this level will indicate that the longer term uptrend from 1.3748 (June 16 low) has completed at 1.5144 already. …

USD/JPY Technical Analysis 8 December 2009

USD/JPY 88.86 – 8 December 2009
USD/JPY Open 89.36 High 90.50 Low 88.59 Close 89.48
Dollar/Yen continued its bearish movement on Monday, as expected, from 90.50, reaching a bottom at 89.16, and closing the day at 89.48. Of the 1 hour chart the 89.72 support was drilled down, indicating completion of the bullish correction and renewal of …

GBP/USD Technical Analysis 8 December 2009

GBP/USD 1.6382 – 8 December 2009
GBP/USD Open 1.6458 High 1.6516 Low 1.6315 Close 1.6445
Pound/Dollar continued descending on Monday. The currency couple first tried to reach higher, making a top at 1.6516, where further bullish momentum was limited, and the Cable renewed its bearish trend, making a bottom at 1.6315, and closing the day at 1.6445. …

iFOREX.bg – Daily Forecast 8 December 2009

EUR/USD
Sell at 1.4853 SL 1.4885 TP 1.4776

USD/JPY
Sell at 89.09 91 89.41 TP 88.37

GBP/USD
Sell at 1.6461 SL 1.6493 TP 1.6373

USD/CHF
Buy at 1.0171 SL 1.0139 TP 1.0255

EUR/USD Technical Analysis 8 December 2009

EUR/USD 1.4852 – 8 December 2009
EUR/USD Open 1.4833 High 1.4900 Low 1.4766 Close 1.4826
Euro/Dollar continued decreasing on Monday, from the 1.4900 peak to the 1.4766 bottom, closing the day at 1.4826. On the 3 hour chart the upward channel was broken downwards, which gives us indication for a potential bearish impulse. The nearest support is …

USDCHF broke above 1.0222 resistance

USDCHF broke above 1.0222 resistance. The subsequent pullback from 1.0244 is more likely minor consolidation of uptrend. Another rise towards 1.0338 key resistance is still possible after consolidation. Support level is now at 1.0135 followed by 1.0075, as long as 1.0135 support holds, we’d expect uptrend to continue, however, below this level will suggest that …

iFOREX.bg – Daily Forecast 7 December 2009

EUR/USD
Sell at 1.4904 SL 1.4936 TP 1.4827

USD/JPY
Sell at 90.00 91 90.32 TP 89.28

GBP/USD
Sell at 1.6514 SL 1.6546 TP 1.6426

USD/CHF
Buy at 1.0138 SL 1.0106 TP 1.0222

USDCHF stays in a trading range

USDCHF stays in a trading range between 0.9917 and 1.0222. Further rise to test 1.0222 resistance would more likely be seen later today, a break above this level could signal another bounce to 1.0300 zone. Key resistance is located at 1.0338, only break above this level will indicate that the longer term downtrend from 1.1021 …

USD/JPY Technical Analysis 9 September 2010

GBP/USD Technical Analysis 9 September 2010

iFOREX.bg – Daily Forecast 9 September 2010

EUR/USD Technical Analysis 9 September 2010

USD/JPY Technical Analysis 8 September 2010