Submitted Jul 22, 2013 |From forex-fx-4x.com|1 comment

The USDJPY triangle pattern breakout that we were monitoring last week ultimately found resistance at the 0.764 Fib retrace area. This was aligned with prior H1 support as per the fig 1 hourly chart. Our analysis noted that this price action ...

Submitted Jul 20, 2013 |From forex-fx-4x.com|1 comment

EUR/USD has seen rangebound price action this past week within the 1.3000 – 1.3200 range, as can be seen on the H4 analysis charts below. Euro/dollar has now printed an inside week candle formation following the engulfing candle last week. 1.3000 is ...

Submitted Jul 20, 2013 |From forex-fx-4x.com|1 comment

The dollar continues to trade just under the weekly timeframe bearish engulfing candle, as highlighted in last weeks DXY technical update. The US dollar had reached a three-year high versus a basket of currencies prior to the key reversal day and ...

Submitted Jul 19, 2013 |From forex-fx-4x.com|6 comments

EUR/USD is still moving within a consolidation phase in the recent 1.3000 – 1.3200 range, as per the H1 intra-day chart below. We still see the area around the 1.3000 handle round number as a key technical point of interest as this is likewise ...

Submitted Jul 18, 2013 |From forex-fx-4x.com

Our USDJPY technical update yesterday looked at a triangle consolidation setup on the H4 chart (see fig 2 for the chart update). We noted that this price action formation had formed as the dollar/yen pair oscillated around the 100.00 handle round ...

Submitted Jul 17, 2013 |From forex-fx-4x.com|2 comments

The USDJPY H4 chart (fig 3) is currently showing a triangle consolidation pattern. This has formed as price oscillates around the 100.00 handle round number area. As is often the case, this triangle pattern can be seen on the daily chart as an ...

Submitted Jul 17, 2013 |From forex-fx-4x.com|2 comments

The EUR/USD pair continues to trade within the 1.3000 – 1.3200 consolidation range, as can be seen on the (fig 1) intra-day chart below. The area around the 1.3000 round number remains as a key technical point of interest as this is likewise aligned ...

Submitted Jul 16, 2013 |From forex-fx-4x.com|1 comment

The AUDUSD pair is currently trading in a near term range in the 0.9000 – 0.9400 zone. Support has been found this week at the psychological round number area 0.9000. The 0.9000 handle has proved to be a difficult level for the AUDUSD bears after a ...

Submitted Jul 16, 2013 |From forex-fx-4x.com|2 comments

The $1.4811 low printed last week resulted in a false breakout and the subsequent price action has seen a squeeze on the GBPUSD shorts. Cable is trading around the broken trend line and 38.2% Fibonacci retrace area during early week rangebound ...

Submitted Jul 15, 2013 |From forex-fx-4x.com|5 comments

The EUR/USD pair has opened the new week within the 1.3000 – 1.3200 consolidation range, as highlighted on the intra-day chart below. The area around the 1.3000 round number area is seen as key as this is likewise aligned with the 200 SMA. Last week ...

Submitted Jul 13, 2013 |From forex-fx-4x.com|5 comments

As previously noted, the low of $1.4811 this past week resulted in a false break scenario and the subsequent price action is now squeezing the cable shorts. The GBPUSD pair has retraced around 38.2% of the last swing lower after a sharp reversal for ...

Submitted Jul 13, 2013 |From forex-fx-4x.com|47 comments

The EUR/USD pair has seen a consolidation phase following the significant upside move this week. This has culminated in two daily candles trading around, and above, the 1.3000 round number area – but unable to print a new high as of yet. Price moved ...

Submitted Jul 11, 2013 |From forex-fx-4x.com|2 comments

The US dollar has declined versus most of its major currency peers today, with the EURUSD pair has holding above the key 1.3000 round number area and 200 day SMA. The strong upside candle on Wednesday gave a warning shot to the EURUSD bears that the ...

Submitted Jul 10, 2013 |From forex-fx-4x.com|4 comments

Our analysis yesterday noted that the GBPUSD pair had seen a test of the key previous cable support level – located around the $1.4830 mark. We also noted that the daily low of $1.4811 resulted in an initial intra-day rejection and price was ...

Submitted Jul 9, 2013 |From forex-fx-4x.com|2 comments

The GBPUSD currency pair has seen a test of the key previous cable support level today – located around $1.4830. GBP has now dropped over 9% versus the dollar since the beginning of the year. The low of $1.4811 resulted in an initial intra-day ...

Submitted Jul 8, 2013 |From forex-fx-4x.com|11 comments

Our weekend EURUSD analysis noted that price was trading around the weekly demand area which roughly spans between the 1.2750 – 1.2850 zone. The euro/dollar pair was likewise trading at the 2nd ascending trend line as shown on our weekly chart – ...

Submitted Jul 7, 2013 |From forex-fx-4x.com|2 comments

Earlier this week we noted that the EURUSD pair had seen a break of the ascending trend line around 1.2925, which dated back to July last year, after previously breaking through the 1.3000 psychological level. Price is now trading around the prior ...

Submitted Jul 6, 2013 |From forex-fx-4x.com|3 comments

The USD/JPY pair has now seen a strong break above the psychological ¥100.00 handle round number – a key technical area of interest as it coincides with the 61.8% Fib and price pivot zone. The U.S. dollar climbed to ¥99.87 from ¥101.16 during ...

Submitted Jul 5, 2013 |From forex-fx-4x.com

Our previous updates noted that the USDX 84.20 level marked the 61.8% Fibonacci retrace of the last major swing lower, and that this could become a focus if the recent upside trend continued – as would the 84.55 area prior swing high. The dollar has ...