Forex Technical Analysis

EUR/USDThe pair finished the session lower following a raft of conflicting reports which suggested that although the EU summit will go ahead as planned, leaders are unlikely to come to an agreement ...

GBP/USD: On Wednesday, the pair rose after the minutes of the BoE’s rate decision showed that the voting to keep interest rate at 0.50% and expanding the size of the Asset Purchase Facility by ...

The EUR/USD was supported on Wednesday with rumors that the EU is moving forward with plans to contain the crisis and the talk was about the EFSF expansion.The market reacted positively to a report ...

usd/hkd testing the 23.6% retracement level.

The USDSGD channel we have been reviewing this week is approaching trendline resistance as its appreciation is being defended by the 38.2% resistance for the moment. A break above the trendline ...

Reviewing the broken wedge we discussed yesterday we see the pair has broken higher on the USD bid and is now being guided higher by former trendline support which could continue its roll in this ...

The EURUSD has moved strongly to the upside on the back of failing of the break of key EURUSD intersection at the 1.2676-81 and the holding of the 200 bar MA on the 4 hour chart. The pair is now ...

Bias is down below 1.3681 area, with a break of the 1.3654 being the next key level to target. I normally do not watch the 4 hour chart but fellow twitterer “butchbelano” ...

EUR/CHF (daily chart) as of Thursday (10/20/2011) has hit and tentatively respected a key resistance confluence that includes both a long-term descending resistance trend line extending back almost ...

The GBPUSD squezed quickly higher toward the resistance at the 1.5722-26 area.   The price has moved above the level and looks toward the the 100 and 20 bar MA on the 5 minute chart.  ...

The EURUSD is at a key intersection. Looking at the hourly chart the price has trend lines, “Remembered” lines, the old Fibo level on the daily chart (38.2% of the move down from August) ...

Some order has returned to the EURUSD and the downside has won. The order has come by using the 1.3738 level (200 hour MA) as the level to lean against and the price has rotated to new NY ...

The forex markets seem to be unsettled today. There was talks that the summit might be postponed (from German news citing German officials). Those rumors were later denied from various sources  ...

So the EURUSD moves higher and is back above the 1.3737 level which is the 200  hour MA.  Other levels in play today include the 1.2758 which is the close from yesterday and the 100 hour MA ...

The USDJPY moved higher on the back of a move above the 200 and 100 hour MAs and an unconfirmed report of a think tank report that is positive for the USDJPY.The 200 hour MA has been a ceiling level ...

The EURUSD has moved below the 100 hour MA in early NY trade at the 1.3781 level. The close from yesterday came in at the 1.3758 level.  The 200 hour MA at the 1.37357 is the 61.8% of the move up...

EUR firmer in recent trade. Seen on the 15 minute chart, the Euro began its rebound about and hour after hitting the low of 1.36725. It has since retraced 50.0% of today’s move with 1.37402 as ...