Forexinspire - Forex - Trading Strategy - Currency Trading - Loans - Money - Banks - Investments

EUR/JPY Intraday Technical analysis

Thu, 09 Feb 2012 19:45:41 +0000

  The spot rate is currently testing the upper limit of its medium term bullish channel in 102.50 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent. RSI provide buyers signals but approach to the overbuy zone suggesting a decline. [...]

GBP/USD Intraday Technical analysis

Thu, 09 Feb 2012 19:45:34 +0000

  The spot rate is currently testing the lower limit of its medium term bullish channel in 1.5800 suggesting a rebound. However a break of these levels would free a large potential and entail a new trend. RSI provide buyers signals but approach to the overbuy zone suggesting a decline. Bollinger bands are much discarded to a result of the strong increase of [...]

GOLD Intraday Technical analysis

Thu, 09 Feb 2012 19:45:30 +0000

  The gold is currently testing the lower limit of its medium term bullish channel in 1720 suggesting a rebound. However a break of these levels would free a large potential and entail a new trend. RSI do not provide clear signals but until that the support is not broken the assumption of a rebound [...]

Point and Figure AUD/USD analysis for February 9, 2012

Thu, 09 Feb 2012 19:45:25 +0000

  The AUD/USD currency pair gave us a strong buy signal after passing the 1.079 level.   The upside trend remains strong, which enables us to expect the resumption of the upside movement today. 1.070 is the support level which in case of being overcome will extend the downside movement up to the additional uptrend [...]

AUD/USD Wave Analysis for February 9, 2011

Thu, 09 Feb 2012 19:45:21 +0000

  The AUD/USD pair is forming the impulse wave 5 of the 5th order from 1.0525. Within this wave the corrective sub-wave B of the 4th order is formed that includes the A sub-wave of the 2nd order up to 1.0739.   The targets of the ascending movement are provided by extension grids 1.0231-1.0687-1.0525, 1.0525-1.0844-1.0739. [...]

AUD/USD Elliott Wave Count for February 9, 2012

Thu, 09 Feb 2012 19:45:14 +0000

Market Overview Yesterday in Asian session we could observe downward movement of the AUD/USD pair reaching a 50EMA support at 1.0190 level,This major pair managed to hold this level in the last few hours of the New York Session and finished trading day slightly above 1.0790,Today the AUD/USD pair continued trading in a Bearish mood [...]

USD/CAD Elliott Wave Count for February 9, 2012

Thu, 09 Feb 2012 19:45:11 +0000

Market Overview The USD/CAD pair started yesterday’s trading day in a sideways move, this major pair tested 50EMA Resistance twice before we saw price above 0.9970 level, main reason for the USD/CAD pair to rise is good Housing Starts report 198k from a expected 193k, In the New York session the price found resistance few [...]

EUR/AUD Intraday Technical Analysis and Trading Recommendations for February 9, 2012

Thu, 09 Feb 2012 19:45:04 +0000

EUR/AUD currency pair is now testing resistance area 1.2296 – 1.2333 which is previous multiple buttoms on the 4H chart. The previous two 4H candlesticks show bearish reaction towards the resistance area manifested in the inverted hummer & bearish engulfing candlesticks. The 1H chart shows that the pair was trending up within a bullish channel [...]

EUR/USD Intraday Technical Analysis and Trading Recommendations for February 9, 2012

Thu, 09 Feb 2012 19:44:59 +0000

Last Monday, EUR/USD currency pair managed to make a bullish breakout of the marked bearish channel. Our previously mentioned Head & Shoulders pattern failed to reverse the direction into bearish as the pair managed to break 1.3230. Now the pair is moving sideways around the 38.2% Fibonacci level with no obvious decision of price action. However, [...]

GBP/USD Intraday Technical Analysis and Trading Recommendations for February 9, 2012

Thu, 09 Feb 2012 19:44:54 +0000

The pair managed to make a bullish breakout of the consolidation range 1.5650 – 1.5740 within the bullish channel which opened the way for the pair to test 1.5775 that was broken too. Break of resistance level 1.5775 opened the way directly towards 1.5870 which showed BEARISH price action in the first time. Testing of [...]

Comments (0) - Read and Add your own Comments