|
Forex Newsletters World
News
- EUR/GBP Confirming Bearish Continuation From Wedge Breakout
The 4H EUR/GBP chart shows a market breaking below a rising wedge to start this week.
forex newsletters 11 Feb 2012 - GBP/USD Tests Key Pivot and Channel Support at 1.5660
The GBP/USD failed to sustain a double top in the 1H chart when it respected the 1.5660 pivot last Friday (although initially cracking it). The failure to close below 1.5660 was followed by a failed attempt to sustain a break above the high at 1.5733. Instead as you look at the 4H chart, the market looks like it is again attempting to form a double top.
forex newsletters 11 Feb 2012 - EUR/USD Testing Projected Consolidation Channel Resistance
The EUR/USD has flattened out in the short-term though the medium term bias is still bullish. In the 1H chart, we see that the market has started to make lower lows, and has made a lower high. Projected a trendline from the highs and lows, we have a slightly declining consolidation channel. As the market nears 1.32 during the 2/1 US session, it is testing this channel resistance.
forex newsletters 11 Feb 2012 - USD/JPY Climbs Above 77.00; 77.32 is Resistance Before 78.25
After scraping the 76.00 handle, the USD/JPY has traded in an upward channel and is now climbing back above 77.00. The next important pivot is the 77.32 level, which has acted as the central pivot of the range between 76.55 and 78.25. It had acted as resistance in bringing the market back to range support on 1/6, 19, 20.
forex newsletters 11 Feb 2012 - eResearch Posts an Analyst Article Warning ?Danger Ahead?
eResearch has posted, on its website: www.eresearch.ca , an Analyst Article courtesy of Business Insider. In ?The Stage is Set for the Next ?Oh $#@!? Moment?, contributor Lance Roberts believes there is ...
forex newsletters 11 Feb 2012 - AUD/USD Falls Below Triangle but Still Trading in Rising Channel
The AUD/USD is starting the week with a bearish breakout from the triangle formed through the latter half of last week. So far as we enter the US session, the market has retraced 61.8% of last week's rally at 1.0526. The RSI in the 1H chart shows that the momentum has NOT been persistently bullish and is turning sideways.
forex newsletters 11 Feb 2012 - USD/CHF Falls Below Key Pivot of 0.93; Retracement Targets
The 0.93 pivot acted as a very brief support before this week's opening price action pushed below it, suggesting an established top and therefore a short to medium term corrective decline in the USD/FHF. Looking at the daily chart, we see some retracement targets for the 0.7065 to 0.9593 swing. The 23.6% retracement is near the 0.90 psychological support.
forex newsletters 11 Feb 2012 - eResearch Posts an Analyst Article
eResearch has posted, on its website: www.eresearch.ca , an Analyst Article courtesy of Business Insider. In ?Why the Stock Market Rally is FINALLY Starting To Look Real?, contributor Hale Stewart concludes ...
forex newsletters 11 Feb 2012 - GBP/USD Breaks Declining Trendline; Stalking Throwback
The daily GBP/USD chart shows a market that is in the 9th straight bullish trading session, the current one breaking above a declining trendline going back to August 2011. The next resistance is seen at 1.5770, highs established Nov. and Dec., 2011.
forex newsletters 11 Feb 2012 - Fibonacci Will Earn You Money In The Forex Market
Every keeps telling me that I can earn high profits trading currencies with Fibonacci... I just need to find out who he is. We know him as Fibonacci, but his real name was Leonardo Pisano, because Pisa was the town where he was born. His father's name was Guillermo Bonacci. In Latin, the common...
forex newsletters 11 Feb 2012
|