FOREX.TODAY

Tag: 2014

Chart Of The Day For April 14th, 2014 – EUR/USD
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By Ilya Spivak EUR/USD Technical Strategy: Pending Short Support: 1.3835 (23.6% Fib exp.), 1.3793 (38.2% Fib exp.) Resistance: 1.3905 (Apr 11 high) The post Chart Of The Day For April 14th, 2014 – EUR/USD appeared first on ForexNews.com. ForexNews.com
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Top Trade Idea For April 3rd, 2014 – EURGBP
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This is the daily chart on the eurgbp and what we are looking here is a classical double three running correction for wave 2 green and the thing is that this pattern is always being followed by a third wave extension, so a clear impulsive move to the downside. A double three running is, like…
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Chart Of The Day For April 3rd, 2014 – EUR/USD
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6e2b3__dailyclassics_eur-usd_body_Picture_121
By Ilya Spivak EUR/USD Technical Strategy: Pending Short Support: 1.3709 (38.2% Fib ret.), 1.3690 (channel floor) Resistance: 1.3840 (channel top) The post Chart Of The Day For April 3rd, 2014 – EUR/USD appeared first on ForexNews.com. ForexNews.com
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Technical analysis of USD/CHF for March 21, 2014
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Overview:The USD/CHF is expected to consolidate with bullish bias after hitting two-week high at 0.8869 on Thursday. The USD/CHF has been supported by the Swiss National Bank on Thursday repeating its pledge to intervene in currency markets to prevent the Swiss franc from strengthening beyond 1.20 per euro, and keeping its target range for the…
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Elliott Wave Analysis of USD/CAD for March 21, 2014
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USD/CAD Elliott Wave After a couple of days in the strong upward trend, the USD/CAD pair is showing some weakness at the moment, corrective wave [ii] (coloured black) of the bigger wave A (coloured blue) has been developing. In the chart of the pair above, we can see that short cycle from 1.10221 level is…
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Technical analysis of AUD/USD for March 21, 2014
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The daily pivot point: 0.9027. Trading recommendations: The resistance has set at the price of 0.9140 and the support, at the 0.9010 price. So, according to the previous events, the AUD/USD pair is going to move between the resistance and the support. As a rule, history will probably repeat itself at this level again. Therefore,…
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Analysis of gold for March 21, 2014
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As we said yesterday, gold was probably moving within a pullback from $ 1,320.0 towards $ 1,331.0, and $ 1,337.0. That was true, and gold moved exactly within our levels and made a high at $ 1,334.30. In the hourly chart, the RSI is showing a completed positive divergence. We expect further up move in…
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Technical analysis of USDX for March 21, 2014
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The dollar index finally broke out of the wedge it's been forming for days. It went on extending to the point you would expect the dollar to collapse, but for the euro's critical level of 1.396 that I also showed could be a key trend reversal level. Finally, we have a breakout that could mean…
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Technical analysis of Silver for March 21, 2014
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Unlike gold, silver failed to go above the 40-week average. It lacks the same impulsive behavior so it might be doing something different. $ 20.42 is the 20wma support, below which I would consider that its still forming a triangle and could go down to the lower line at $ 19.22$ . The material has…
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Daily analysis of GBP/USD for March 21, 2014
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Daily chart: GBP/USD made a breakout at the support level of 1.6540, so it is very likely that during today's session, the pair will begin to form a bearish pattern since the GBP/USD had a recent lateralized drop days ago. The objective of this pair in our bearish outlook is bullish trend line near the…
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Daily analysis of USDX for March 21, 2014
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Daily chart: The USDX is consolidating above the support level of 80.11. Now, it is very likely that the USDX attempts to climb to the resistance level of 80.62. On the other hand, it's expected to start forming a lower high pattern above this level. The USDX remains below the 200 SMA and MACD is…
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Technical analysis of USD/JPY for March 21, 2014
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In Asia, Japan will not release any economic data's because of the Bank Holiday and the US will not release any statistics too. So there is a big probability the USD/JPY will move with low or medium volatility during this day. TODAY's TECHNICAL LEVELS: Resistance. 3: 102.86. Resistance. 2: 102.66. Resistance. 1: 102.46. Support. 1:…
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Technical analysis of EUR/USD for March 21, 2014
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When the European market opens, some economic news will be released such as Current Account, Consumer Confidence. Today the US will not release any economic data, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY's TECHNICAL LEVELS: Breakout BUY Level: 1.3847. Strong Resistance:1.3838. Original Resistance: 1.3825. Inner Sell…
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Technical analysis of EUR/JPY for March 21, 2014
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e429e__eurjpy_h11
General overview for 21/03/2014 07:00 CET As I mentioned yesterday, the possibility of a triangle wave b red was very high and a downside breakout was anticipated. The key level to the upside is the level of 141.27 and any breakout higher above this level means that weekly pivot and even the intraday resistance level…
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Technical analysis of USD/CAD for March 21, 2014
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General overview for 21/03/2014 07:10 CET There is not much of an impulsive wave development to the downside yet, so the alternate count of a triangle can not be ruled out. Only a sustained breakout below the intraday support at the level of 1.1230 would open the road to the next important support at the…
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Daily analysis of major pairs for March 21, 2014
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EUR/USD: At last, the EUR/USD was able to trade below the resistance line at 1.3800, leading to the awaited Bearish Confirmation Pattern in the chart. The support line at 1.3750 has been tested and could be re-tested again. Should it be broken to the downside, the price would go to the next support line at…
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Gold technical analysis for March 21, 2014
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5f9c5__goldh41
Gold price has found support above $ 1,318 and is now trading near $ 1,338. Gold price is ready for a bounce higher towards $ 1,350-$ 1,360. This upward move is corrective, and we will look to go short with $ 1,390 as a stop and the $ 1,300-$ 1,270 target area. Short-term trend has…
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