EURUSD - Trends, Forecasts and Implications (Part 1) - page 1073
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Короче союз в этом году пролетел..
Forte, what do you think of this dude? Can be seen on a lot of tf's, up to D.
I'm telling YOU!!!
For the last time!!!
Come to your senses !!! Today is the last opportunity to get into longs at these prices, the eu will not update the lows !
I'm pretty sure its growth will be slow but fairly sure, and without strong pullbacks.
Right, the main sales will be considered from the highlighted level
I am sure that the current price of EUR/USD in 4H timeframe will (terminal 2010.02.23 8.00) fall by 200 pips pentameter in the near future. so far, the ratio of predictions summarizes true/false = 1/0
Good day to all and Happy Holidays to all men!!!
No clear direction, I am relying on the sloping channel above and support below (1.3470), breakdown of anything will determine further movement...
Говарю ВАМ !!!
В последний раз !!!
Одумайтесь !!! Сегодня последняя возможность встать в лонги по таким ценам, евра не обновит минимумы !
Я практически уверена, что рост ее будет медленным, но достаточно уверенным, и без сильных откатов.
I agree, but I suggest we wait for the third wave to start.
Agreed, but i suggest we wait for the third wave to start.
And lose 50pts of profit...I charted the whole move yesterday and it follows this scenario on time points...
Axel levels with an optimistic headline on the euro:
European Forex Technicals: EUR Building For Further Gains
LONDON (Dow Jones)-Rolling 24-hour chart levels:
Intraday EUR/USD: The recovery off last Friday's low at 1.3443 is putting pressure on Monday's high at 1.3655, and confirms 1.3443 as a near-term bear failure. A break through 1.3655 is likely to open 1.3707, which protects the Feb. 17 lower high at 1.3789. Below 1.3574 would initiate further weakness back towards 1.3546 before attracting fresh support.
Weekly chart EUR/USD trend: Bearish.
Intraday USD/JPY: Builds on the setback off last Friday's resistance cluster at 92.16 as the 1.618 downside extension target at 90.70 comes into view. However, with backup support lying at 90.56 and 90.35, this area is expected to contain weakness at this stage. Regaining ground above 91.50 would lift the near-term malaise and open the 91.90 lower high.
Weekly chart USD/JPY trend: Range.
Intraday GBP/USD: Builds on the corrective recovery off last Friday's low at 1.5350 to test the completed bear flag low 1.5537. However, with 1.5582 representing 50% of last week's range, dominant bears are likely to cap gains to protect this 1.5582 area. Below 1.5450 is required to put the near-term bears back in control and expose the 1.5350 low.
Weekly chart GBP/USD trend: Bearish.
Intraday USD/CHF: Stages a sharp recovery off 1.0733 to put Monday's high at 1.0789 under pressure and retrace the downside wave off the Feb. 19 high at 1.0899. Regaining ground above 1.0789 would further lift the tone towards the 1.0816/1.0819 congested resistance area, incorporating the 50% retracement level. Only a break below 1.0733 would upgrade the decline and expose the 1.0644 support area.
Weekly chart USD/CHF trend: Bullish.
Intraday EUR/GBP: The near-term bulls retain the upper hand after forcing a break through 0.8745 and the bigger risk is for renewed bull pressure on the 0.8814 high while 0.8745 reverts to support. Above 0.8814 would open the Feb. 11 bull failure high at 0.8841 which lies close to former range lows in the 0.8855 area. Only a break back below 0.8745 would suggest a return to the Feb. 12 0.8656 low.
Weekly chart EUR/GBP trend: Range.
Intraday EUR/JPY: A bearish engulfing candle off Monday's near-term high at 125.24 provides a strong signal that the near-term uptrend has come to an end, and the focus is now on the 123.15 level. Below there would confirm 125.24 as a near-term bull failure, and threaten further weakness towards the Feb. 18 higher low at 122.76. Keeping 123.15 intact, combined with a break above 124.56 would lift the tone and suggest a return to the 125.24 high.
Weekly chart EUR/JPY trend: Bearish.
Intraday EUR/CHF: Recovers strongly off the current session low at 1.4617 Tuesday to challenge a 3-4 week bearish resistance line at 1.4687. However, upside risk is limited with solid resistance lying closely above 1.4687 at 1.4705. While this area caps, the greater risk is for a return to the 1.4617 low.
Weekly chart EUR/CHF trend: Bearish.
Intraday AUD/USD: The recovery off last Friday's low at 0.8880 puts the Feb. 17 high at 0.9035 back under threat. This level represents 61.8% retracement of the 0.9330/0.8578 decline, and a break through there would prompt further strength towards the 0.9093 lower high. Support lies at 0.8932 to protect the 0.8880 low.
Weekly chart AUD/USD trend: Bullish.
* The pivot is the sum of the high, low and close divided by 3.
For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN".
-By Francis Bray, Dow Jones Newswires; +44 207 842 9249; francis.bray@dowjones.com
Francis Bray is Dow Jones' chief technical analyst for Europe, and has worked as a technical analyst and trader for 20 years in London, Barcelona and Guernsey.
Data provided by CQG International Ltd.
(This article is general financial information, not personalized investment advice, as it does not consider the unique circumstances affecting an individual reader's decision to buy or sell a particular security or currency. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors will not make the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article.)
TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkBackEurope@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments.
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(END) Dow Jones Newswires
February 23, 2010 02:16 ET (07:16 GMT)
Forte, what do you think of this dude? It works on many ffs, up to D.
It should be considered in a closer look - it works very often by three points but sometimes the third point does not always work out and the second is very rare if you look carefully at your selected area workout went to the second point - this figure dragon is .