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Forex Signals – EUR/USD Weekend Consolidation

Mark — Fri, 04 Dec 2009 06:50:05 +0000

12-4-09 5:41a GMT – Yesterday’s signals produced a trade (which is still open) at 1.5050 (currently a little bit in the profit) though I have tightened the stop as 4h charts are leaning toward a bearish consolidation pattern. Another reason I have tightened the stop considerably is because on the daily chart a bearish shooting star was produced so today could be a bearish profit-taking day for the markets. The AUD/USD trade I mentioned in [ continue reading ]

Source: Forex Signals – EUR/USD Weekend Consolidation
Forex signals from: PipHut.com

Forex Signals – EUR/USD Remains in Bear Channel

Mark — Tue, 24 Nov 2009 08:18:44 +0000

11-24-09 7:10a GMT – I’ve got some exciting additions to PipHut to announce – I was going to just tack them on to the bottom of this signal but thought they were exciting enough to warrant a second post so keep your eyes open for a another post a few minutes after this one. Yesterday we did indeed get a nice bounce off of the channel resistance and I went short after a bearish engulfing [ continue reading ]

Source: Forex Signals – EUR/USD Remains in Bear Channel
Forex signals from: PipHut.com

Forex Signals – EUR/USD Retracing the Fall

Mark — Fri, 13 Nov 2009 06:09:02 +0000

11-13-09 6:26a GMT – What is it about Fridays that makes me not want to trade? Huge drop in the EUR/USD yesterday that kicked out my stop for a small loss (that’s why we always use stops and use good money management, right?) The pair did take an initial bounce of of 1.4950, good for any scalpers, but reversed just short of our first target under 1.4985. We also have some big event risks coming [ continue reading ]

Source: Forex Signals – EUR/USD Retracing the Fall
Forex signals from: PipHut.com

Technical Analysis – EUR/USD More than just a Bounce?

Mark — Thu, 21 Aug 2008 00:15:24 +0000

8-20-08 3:26a GMT – While daily analysis remains extremely bearish (except that they are heavily oversold) the weekly view offers a different view below. As you can see despite the recent selling of the pair the uptrend remains very much intact and is actually at strong monthly resistance. Yellow trend line below is drawn on the monthly chart if you are wondering why there are some breakthroughs. While my overall bias remains down pending new [ continue reading ]

Source: Technical Analysis – EUR/USD More than just a Bounce?
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Approaching Strong Support

Mark — Wed, 13 Aug 2008 23:32:41 +0000

8-13-08 22:21 GMT – GU remains bearish on all time frames but is approaching strong weekly support just as the pair is reaching highly oversold levels on the weekly chart as well (it is also oversold on everything from 1h-weekly). On signs of bouncing off the support at 1.8500 this might be a good opportunity to hedge your shorts on a bounce back to 1.9000. Trading Idea: Look for stalling and candlestick signals on the [ continue reading ]

Source: Technical Analysis – GBP/USD Approaching Strong Support
Forex signals from: PipHut.com

Technical Analysis – AUD/USD Bearish but Strong Support

Mark — Wed, 30 Jul 2008 04:28:00 +0000

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 is showing a bullish divergence as well. Depending on how strong resistance is above we may see a return immediately to [ continue reading ]

Source: Technical Analysis – AUD/USD Bearish but Strong Support
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Support Holding

Mark — Tue, 01 Jul 2008 05:25:31 +0000

7-1-08 6:21a GMT – Support for the EUR/USD at 1.5715 is being tested for the second time on the 4H chart after a good bounce on 6/26-6/27. Pair has been crashing against this support for the past 24 hours and I expect it to hold. Trading Idea: Long positions above 1.5715 are favored while support holds. Targets at 1.5745, 1.5780 and 1.5830. If support is broken look for a return to 1.5675 and 1.5615. Click [ continue reading ]

Source: Technical Analysis – EUR/USD Support Holding
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Bounce Off Support

Mark — Thu, 26 Jun 2008 05:53:58 +0000

6-26-08 6:51a GMT – EUR/USD is bouncing upward off a multiday trend support line despite hawkish comments from the Fed. The ECB’s actions are expected to favor the Euro more than the Fed’s words and we will look for candlestick entry points near support currently at 1.5585. Trading Idea: Look for a dip and then a bullish reversal candlestick to enter the trade for another test of 1.5800. Click here to receive my free forex [ continue reading ]

Source: Technical Analysis – GBP/USD Bounce Off Support
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Another Bounce

Mark — Fri, 13 Jun 2008 01:01:45 +0000

6-13-08 1:56a GMT – I expect another bounce in the EUR/USD pair as it heads down to its monthly low of 1.5284. As long as the pair closes above that I will continue to expect a bounce. In the short term I’m looking at support around the 1.5385 area. If I do not see a bullish reversal candlestick in that area I will look for the 1.5284 area. Trading Idea: Long targets include 1.5450, 1.5570 [ continue reading ]

Source: Technical Analysis – EUR/USD Another Bounce
Forex signals from: PipHut.com

Technical Analysis – AUD/USD Bounce Expected

Mark — Tue, 03 Jun 2008 19:06:15 +0000

6-3-08 19:08 GMT – AUD/USD got heavily sold off thanks in large part to the Fed’s comments about not letting the dollar get too weak. In the short-term, especially with the Dow still struggling to hold any gains I see support at .9510 holding strong against any attempts to break through it. There is also an RSI divergence on the 60M charts further supporting bulls for more gains. Trading Idea: Long above .9510 with targets [ continue reading ]

Source: Technical Analysis – AUD/USD Bounce Expected
Forex signals from: PipHut.com