Forex Analysis

  • USD/CAD Intraday Technical Analysis and Trading Recommendations for April 18, 2012

    The USD/CAD Linear Regression Channels chart indicates: On Monday the USD/CAD pair has failed to reach 1.0050  showing significant bearish price action including a Head and Shoulders reversal pattern that later indicated the bearish movement. This bearish movement took place yesterday after the breakdown of level 0.9975 which was considered as the key-level of yesterday's movement. Today the violet channel is steeply bearish due to the yesterday's steep bearish movement towards ...

    Posted at April 18, 2012 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD Elliott Wave Count for April 17, 2012

    AUD/USD Elliott Wave Yesterday during the European session the AUD/USD pair finished wave A (coloured pink) in the point 1.0310. Therefore during the New York session we could observe an ascending move towards the 1.0375 level, this major retested the resistance level 2 times during the session in New York. We can consider this move as the end of wave B (coloured pink). Today during the early Asian session the ...

    Posted at April 18, 2012 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD Elliott Wave Count for April 17, 2012

    USD/CAD Elliott Wave The USD/CAD pair was trading within the upward move yesterday. During the European session we coŠ³ld observe a descending move towards 0.9972 (200 EMA Support). USD/CAD did not manage to hold this level and price pushed to the 1.0032 level in New York. We can consider this move as the end of the wave A (coloured blue). Today during the Asian session the price started to move in ...

    Posted at April 18, 2012 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD Intraday Technical Levels for April 17, 2012

    TODAY's  TECHNICAL  LEVELS: Breakout BUY Level : 1.3191. Strong Resistance : 1.3183. Original Resistance : 1.3170. Inner Sell Area : 1.3157. Target Inner Area : 1.3126. Inner Buy Area : 1.3095. Original Support : 1.3082. Strong Support : 1.3069. Breakout SELL Level : 1.3061.   DESCRITPION : Today EUR/USD has support and resistance at 1.3082 and 1.3170 and ...

    Posted at April 17, 2012 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD Weekly and Monthly Pivot Points for April 16 – 20, 2012

    The pivots points chart for the EUR / USD pair for this week are placed in accordance with highs and lows and the weekly price close of the pair. This chart will enable you to place Take Profits or Stop Losses. These pivot levels can be considered as some sort of trading map allowing you to know beforehand the possible increases and declines of the pair. Therefore it is recommended to open short positions at the ...

    Posted at April 16, 2012 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD Elliott Wave Count for April 16, 2012

    AUD/USD Elliott Wave Last week the AUD/USD has finished 1 wave (coloured blue) in the point 1.0450. During the Friday's trading day we could observe the development of the 2 wave (coloured blue). We could observe the descending movement in the Europe and New York session price broke 50 EMA support and pushed to 1.0360 level. During the early Asian session the AUD/USD pair continued the bearish mood and we could ...

    Posted at April 16, 2012 | By : | Categories : Forex Analysis | 0 Comment