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7-31-08 4:26a GMT – AUD/USD has dropped about 80 pips since my last AUD/USD forex signal, and I think that those losses will continue. Pair is still trapped in an extremely bearish channel (yellow lines below). The biggest threat to the trade is an oversold 60M and 4H RSI and close to it on [...] 7-30-08 3:18a GMT – AUD/USD pair remains bearish on both the daily, 4H and 60M price charts. However there is strong intraday support at 0.9575 that I expect to stall a drop below. 60M RSI is heavily oversold and has just crossed above 30 indicating a bounce and the RSI on the 4H charts [...] 7-30-08 1:44a GMT – EU has touched and bounced off of strong daily and weekly support after yesterdays retreat downward found no buyers willing to support the pair. Support can be found between yellow and purple lines on chart below, currently between 1.5585-1.5525. Pair also just crossed above 30 on the 60M RSI, a [...] I’ve added a brand new Forex Discussion Group to PipHut to further open up communication between us traders. The idea behind it is simple – so that you, me and other traders can discuss the various signals and technical analysis that comes out of piphut.com. That is, your thoughts on the signals, results, etc. [...] 7-29-08 1:43a GMT – The USD/CHF has formed a double-top formation on the 4H and 60M charts (easier to see on the 4H below) with 1.0400 capping possible gains. The double-top formation indicates further losses below the “neckline”. Trading Idea: Aggressive traders may enter short below 1.0310 whereas more conservative traders might wait until [...] |
  
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