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EUR/USD
On the 4 Hour chart, a rising wedge is forming which may imply a continuation of the bullish trend. It is recommended to time the entrance to the market with short term charts as 1.3758 seems like a strong entry point. At the moment the EUR/USD is trading around the 1.3720/1.3840 range.
GBP/USD
There is a very channel forming on the 4 Hour chart, as the pair now floats on the bottom level of it. The RSI and Slow stochastic are supporting the bullish notion, and we should see the uptrend continue at a steady pace. The next target price should be around 2.0310.
USD/JPY
USD/JPY is in a downtrend supported by 1Hour exponential moving averages. The volatility is low and the Bollinger bands are tightened. We should expect to see a bearish configuration. The 1H, 4H Elliott pattern implies that the USD/JPY will continue to gather momentum. Traders should pay attention to the fact that the dailies are still bearish, and there is still more room to run on a longer time scale. The target is expected at 113.20.
USD/CHF
The USD/CHF is in a bearish configuration. The volatility decreases as the pair moves without a trend and swings around exponential moving average (EMA 50 and 100).the Bollinger bands are tightened and the 1H, 4H Elliott pattern implies a continuation of the bearish pressure. The target price should be around 1.1810.
Tags: USD/JPY USD/CHF EUR/USD GBP/USD
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GMT:
20:56 |
London:
20:56 |
Tokyo:
04:56 |
Sydney:
05:56 |
New York:
15:56
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Recent articles:
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in Forexyard Daily Forex research
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Tuesday,
29 April 2008,
10:02 GMT
Research
>
Forex - Technical research
29/04/'08 - U.S. Consumer Confidence On Tap
Yesterday the greenback showed off a bullish trend against its major currency rivals. It went through a bullish volatile session vs. the EUR, yet it lost strength against the GBP and the JPY.
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Monday,
28 April 2008,
15:14 GMT
Research
>
Forex - Technical research
28/04/'08 - USD Gaining Power
Last Friday, the greenback kept up its sharp bullish momentum against most of its major rivals. The USD gained as a result of favorable economic data, which was released from the US during the last week, combined with disappointing indicators released from the Euro-zone.
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Thursday,
24 April 2008,
09:47 GMT
Research
>
Forex - Technical research
24/04/'08 - USD Saga Continues.
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses. The USD gained almost 0.9% and closed trading around 1.5850 vs. the EUR after it previously dropped to 1.
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Wednesday,
23 April 2008,
15:45 GMT
Research
>
Forex - Technical research
23/04/'08 - The USD Reaches All Time Low
The U.S. economy is facing fresh difficulties that will probably further dampen the national currency. Yesterday, the greenback tumbled to fresh lows trading as low as 1.6022 vs. the EUR after the European Central Bank policy makers signaled they may raise Interest Rates due to.
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Wednesday,
16 April 2008,
14:01 GMT
Research
>
Forex - Technical research
16/04/'08 - US Core CPI
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses on the back of surprisingly strong U.S inflation and manufacturing data releases.
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Monday,
14 April 2008,
14:35 GMT
Research
>
Forex - Technical research
14/04/'08 - U.S. Retail Sales On Tap.
Last week we saw the return of significant volatility to the Forex market. Amidst fears of Recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became weary of the dollar.
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in other categories
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Friday,
21 November 2008,
06:01 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 21, 2008
GMT 06:54
EUR/USD
Today’s support: - 1.2405(main), where correction is possible. Break would give 1.2377, where correction also may be. Then follows 1.2351.
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Friday,
21 November 2008,
03:41 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2585 level and was supported around the $1.2470 level. The common currency gained ground on a variety of factors.
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Thursday,
20 November 2008,
08:00 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 20, 2008
GMT 07:52
EUR/USD
Today’s support: - 1.2465(main), where correction is possible. Break would give 1.2453, where correction also may be. Then follows 1.2428.
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Thursday,
20 November 2008,
01:30 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2770 level and was supported around the $1.2590 level. The common currency moved to intraday highs during the early North American session as traders braced for more potential selling pressure in U.
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Wednesday,
19 November 2008,
04:01 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved marginally lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2570 level and was capped around the $1.2685 level. Traders are closely watching congressional testimony from Federal Reserve Chairman Bernanke and Treasury Secretary Paulson today.
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Tuesday,
18 November 2008,
06:29 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 18, 2008
GMT 06:07
EUR/USD
Today’s support: - 1.2577, 1.2532, 1.2490 and 1.2476(main), where correction is possible. Break would give 1.2453, where correction also may be.
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1.2587 / 90