EUR/USD: technical analysis – July 30, 2012
The EUR/USD has climbed to the top of the channel on the 4-hour chart and formed a head and shoulders pattern. My preference is for a break below the neckline at the 1.2240 level leading to to...
Author: Forex4you
AUD/USD: meeting resistance
The aussie has been rising strongly in a possible ending-diagonal, which is a bearish indication. It is currently at a resistance level and there is even stronger resistance not much higher at the 1.0475 where a nexus...
EUR/USD: technical analysis – July 27, 2012
The EUR/USD rallied up to a resistance level at the 1.2320 level and formed a double top reversal pattern on the hourly chart. It has now broken down and has re-entered the former rising channel. It will...
EUR/USD: triangle forming
The eurodollar pair has stopped rallying and consolidated into a triangle which looks almost complete. If it breaks down and continues the bearish trend lower then it will reach the cluster of pivots at 1.2100; a break...
AUD/USD: technical analysis – July 25, 2012
The aussie has bounced and broken back above its trend-line, although it is too early to say whether the breach is definitive. I think this is more probably a ‘short-covering’ rally which will resume its down-trend eventually....
USD/JPY: technical analysis – July 25, 2012
The USD/JPY pair has broken out of a descending channel and is expected to fall to targets in the region of 77.65 (the June lows) and then 77.30. However, instead it is pulling back and threatening to...
EUR/USD: technical analysis – July 25, 2012
The eurodollar pair spiked up over 40 pips this morning before reaching the level of the monthly and weekly pivots at 1.2100 where it has stalled. From there it is possible that the pair will resume their...
EUR/JPY: breakdown expected
The EUR/JPY has bounced off the lower line of a major descending channel but soon ran out of momentum and has now corrected back. There is a possibility it may start another leg higher and reach just...
EUR/USD: technical analysis – July 24, 2012
The EUR/USD has fallen to support from the weekly and monthly pivots at 1.2100 and is currently consolidating; it will probably resume its down-trend and target the 1.1876 lows. However a decisive break of the hammer lows...
AUD/USD: technical analysis – July 23, 2012
The short term outlook for the aussie is uncertain: it has fallen sharply this morning and it may continue lower until it reaches the trend-line at around 1.0235. A deeper penetration would hit the 100-day MA at...