Seeking Alpha

LigaForex's  Instablog

LigaForex
Send Message
Social Trading - fun easy mobile at Liga Forex - a Revolution in Online Investing
My company:
Liga Forex
My blog:
Forex4you Blog - Inside Forex Trading
My book:
Forex eBook - Forex4you
  • EUR/USD: Back Inside Rising Channel | Technical Analysis 9th December 2013

    EUR/USD has now moved comfortably back into the rising channel. This is a bullish sign and indicates that the pair will probably go higher. The medium-term trend is also up further adding to the bullish outlook. Price has reached the R1 monthly pivot, however, and this may lead to a pull-back, perhaps to support at 1.3675, but such a pull-back would probably only be temporary before the dominant up-trend resumed. Currently price is trying successfully to break above the R1, and given the strength of the rally so far it may succeed. Notwithstanding light resistance at 1.3750, The next target higher is the R2 pivot at 1.3828, followed by the major trend-line down from the 2008 all-time-highs at 1.3895.

    EUR/USD has now moved comfortably back into the rising channel. This is a bullish sign and indicates that the pair will probably go higher. The medium-term trend is also up further adding to the bullish outlook. Price has reached the R1 monthly pivot, however, and this may lead to a pull-back, perhaps to support at 1.3675, but such a pull-back would probably only be temporary before the dominant up-trend resumed.

    Currently price is trying successfully to break above the R1, and given the strength of the rally so far it may succeed. Notwithstanding light resistance at 1.3750, The next target higher is the R2 pivot at 1.3828, followed by the major trend-line down from the 2008 all-time-highs at 1.3895.

    (click to enlarge)

    Article by: Joaquin Montford - Liga Forex Analyst

    Dec 09 5:28 AM | Link | Comment!
  • EUR/USD: Sideways Move In Down-trend - Technical Anlaysis - 5th Nov 2013

    The EUR/USD pair is weakening again after bouncing off the 50-day MA and the lower line of the rising channel. It is possible it may fall to the range lows at 1.3440 before recovering.

    The pair is in a sideways consolidation in a dominant short-term down-trend, and eventually a break below 1.3410 is expected as the trend resumes, which would signal a breakout of the channel and fix a target at 1.3050 (the width of the channel down), although an initial, closer target would be 1.3270. Nevertheless, whilst the current sideways move remains intact it will probably extend, oscillating between 1.3440 and the range highs at 1.3525, or even resistance at the key 1.3565s.

    (click to enlarge)

    Post by: Joaquin Montfort
    Liga Forex Analyst

    Nov 05 6:12 AM | Link | Comment!
  • EUR/USD: Correction Lower Continues - Tech Analysis | 31st October 2013

    The EUR/USD pair continues its bearish correction. It has now reached support from the R1 monthly pivot at 1.3689 and it could bounce temporarily, however, the pivot will change tomorrow as its the end of the month. There may be a bounce to 1.3750 were MA's are clustered, however, there are no signs of such a bounce today, and candles remain bearish so it is more probable we will simply get more downside, with a decisive move below 1.3689 signalling a fall to trend-line support at 1.3640. Alternatively a sideways consolidation at the current pivot support is also very possible. The bearishness of the correction signals a possible change of the short-term trend, however, looked at on a longer-term chart it appears as merely a correction of the prevailing mid-term up-trend. The correction, therefore, would be expected to end at some point and the up-trend resume, going back up to the highs at 1.3831.

    (click to enlarge)

    Analysis prepared by: Joaquin Monfort

    Liga Forex Analyst: [Original Source here]

    Oct 31 7:47 AM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.