EUR/USD: technical analysis – September 25, 2012
The exchange rate has stalled after breaking back into its channel. Wave 5 down is in the process of finishing. It is possible the correction has yet to play out, and it could bounce back up to...
Author: Forex4you
GBP/USD: technical analysis – September 25, 2012
GBP/USD has broken above a down-sloping trend-line and is consolidating in a range. It is possible that it could go higher, although, there is also the chance of a correction. The move out of the triangle has...
EUR/JPY: H&S pattern
The EUR/JPY pair is showing a complete H&S pattern at the highs on the hourly chart with lessening volume on the right shoulder. A move below the neckline at 102.50 would initiate a stronger bearish push lower...
EUR/USD: possible wave 4
We had the doji at the highs yesterday and a down-day so far today – it seems possible this could be the start of a deeper correction lower, an Elliot wave 4 perhaps, which would be expected...
Eurodollar has corrected back from Friday’s highs
Eurodollar has corrected back from Friday’s highs, but there is a possibility that the pull-back is now complete and the up-trend will resume. I would expect an immediate move to reach 1.3275 and then stop due to...
GBP/USD: possible top in place
The GBP/USD pair has pulled back since making new highs on Friday; momentum is very overbought and the breakout from the triangle has fulfilled its price objective signalling that porbably a temporary top is now in place....
EUR/NZD: wave 5 underway
EUR/NZD has started to rise after pulling back to the multi-month support line at 1.5580. This may mark the end of wave 4 and could be the start of the 5th wave, which could eventually retouch the...
AUD/USD: continuation higher probable
The aussie is still rallying and has just formed a continuation pattern which indicates a strong probability that it will rise further, with 1.0550 targeted first and then perhaps the most recent highs at 1.0610. The wave...
EUR/USD: technical analysis – September 11, 2012
Eurodollar is still in a short-term up-trend and it will probably continue higher, with trend-line resistance at 1.2900 possibly providing an upside target. Nevertheless, watch-out for resistance from the 50-day moving average at 1.2835 which could also...
EUR/JPY: technical analysis – September 11, 2012
The inside day, yesterday, coming as it did at the end of a strong up-trend, may be an indication of reversal. There is downwards pressure today and a topping pattern with several shooting star candlesticks on resistance...