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European Forex Technicals: USD Attempts To Regain Some Ground
2 Mar 2011, 08:28
By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner
Intraday EUR/USD: Consolidates beneath key resistance at 1.3862, and is looking to challenge...Ignored
European Forex Technicals: USD Downtrend To Extend
3 Mar 2011, 08:17
By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner
Intraday EUR/USD: Fresh 16-week highs are expected above 1.3890, as Wednesday's bullish outside day keeps the underlying tone positive. Projected Fibonacci levels lie in the 1.3950 area, and there is scope for a 1.618 Fibonacci extension target just above the psychologically-important 1.4000 level. Corrective weakness will attract support while above 1.3744, which is protected by 1.3778.
Weekly chart EUR/USD trend: Bullish.
Intraday USD/JPY: The downside threat remains prevalent, and renewed bear pressure is expected on Wednesday's one-month low at 81.57. The support line of a four-month bear pennant continuation pattern effectively lies in the 81.57 area, but renewed bear pressure will look to force a break lower towards 81.10 and 80.93. A return to the pennant low at 80.21 is expected on a slightly longer-term basis. The 82.13 resistance area is expected to limit corrective upside scope, and only a break above 82.24 would question the bearish outlook.
Weekly chart USD/JPY trend: Bearish.
Intraday GBP/USD: Wednesday's bullish outside day keeps the uptrend intact, and threatens further gains into fresh 13-month highs above 1.6344. Minor resistance lies at 1.6458, but a confluence of Fibonacci projected targets at 1.6514 and 1.6538 suggests a sustained push higher is likely. Corrective weakness will attract support while above 1.6250, and only below Wednesday's 1.6217 low would concern GBP bulls.
Weekly chart GBP/USD trend: Bullish.
Intraday USD/CHF: The solid downtrend extends to set a fresh all-time low at 0.9202, and further weakness is expected. Wednesday's decline completed a three-day bear wedge pattern, and there is scope for projected downside targets at 0.9182 and 0.9010 in the coming sessions. Regaining ground above 0.9295 would provide temporary respite, but only above 0.9323 would negate the bearish outlook.
Weekly chart USD/CHF trend: Bearish.
I do post this today again ... as I see that many of us are not able to see what the market wants to give us ...
Those who are looking for reliable information ... should have a chance to get some ... mehr kann ich nicht tun ... it's up to you ... I have not got soo much time for Plapperei ...
At least there are only very few here who are working with success and with a system that is based on real experience that could work for you as well ...
That's why ... nennt es wie ihr es wollt ... aber sitzt nicht lange in einer falschen Fankurve herum ... don't waste your time ... trade in stead of ... einen schönen Tag wünsche ich ...
palim palim
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
