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  • 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!
  • Forex4you Technical Analysis 27 May 2013

    EUR/USD: Trend-Line Still Supporting

    The EUR/USD exchange rate is trading slightly above the July '12 trend-line. The thick band of resistance at 1.2980 including the 50-day MA is preventing further upside. A decisive break above 1.3000 would be necessary to trigger a stronger move higher to the 1.3170 highs. It's looking less likely the trend-line will break and we will get a bearish drive lower, but a move below 1.2795 would open up a downside target of 1.2580. Today is a holiday in the U.S and U.K so market volumes and volatility are likely to remain low.

    (click to enlarge)

    GBP/USD: Bouncing Within a Down-Trend

    The GBP/USD pair has fallen bearishly to a target from its channel breakdown and support at the recent lows. Now it has bounced and broken above a down-sloping trend-line, generating an upside target at 1.5290, which is also in the region of the support line of the box-congestion zone on the weekly chart. The monthly pivot at 1.5190 could also resist further upside. After the bounce has finished the strong down-trend is expected to resume eventually until it reaches the 1.4825 level at the recent lows and then possibly eventually the target down for the box breakout at 1.4225.

    (click to enlarge)

    Analysis By: Joaquin Monfort, Forex4you Analyst - เทรด Forex

    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether forex trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    May 27 4:02 PM | Link | Comment!
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