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Technical Analysis – EUR/USD Selling at 1.4750

Mark — Thu, 25 Sep 2008 04:21:17 +0000

9-25-08 3:26a GMT – My last signal was a buy at 1.4600. Close that for a 100-pip gain. The horrible housing data in the US actually gave some traders the glimmer of hope that a bottom is forming in the housing market. Plus Congress is actively discussing bailout options to loosen the credit crunch for home buyers. Together some traders see a stronger US housing market in the long-term future. Technically the pair stalled about [ continue reading ]

Source: Technical Analysis – EUR/USD Selling at 1.4750
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Mid-Term Downside

Mark — Wed, 06 Aug 2008 05:07:57 +0000

8-6-08 5:00a GMT – The monthly/weekly outlook for EUR/USD remains to the upside, but the daily and especially the 4h charts are showing clear bearish patterns. In the short to mid-term I favor the downside with a possible rise to the red resistance trend line currently around 1.5575 before testing lows again. 4h RSI is just crosses back from oversold but the 60M and daily have plenty of room to fall. Trading Idea: Shorts favored [ continue reading ]

Source: Technical Analysis – EUR/USD Mid-Term Downside
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Mixed Signals; Downside Favored

Mark — Sun, 03 Aug 2008 17:29:22 +0000

8-3-08 17:18 GMT – The GU pair is giving off mixed signals on Sunday afternoon. Overall I expect the downside to hold out on both the 4H and the Daily charts but I will look to sell rallies. Their is a bullish RSI divergence on the 4H charts that indicates a possible rise in the pair to resistance at 1.9800, 1.9840 or even (if the news is strong enough) to the top of the channel [ continue reading ]

Source: Technical Analysis – GBP/USD Mixed Signals; Downside Favored
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Faces More Losses

Mark — Fri, 01 Aug 2008 04:21:35 +0000

8-1-08 3:26a GMT – Pair briefly spiked today on slower US GDP growth than expected by big money immediately brought that down to previous levels as the picture in the UK is not much better. 1.9840 is our first level of resistance with 1.9905 holding the second resistance point. Pair is still caught in a bearish channel (yellow lines below) and fundmentals support continued GBP weakness. Consolidation over the past days has relieved oversold levels [ continue reading ]

Source: Technical Analysis – GBP/USD Faces More Losses
Forex signals from: PipHut.com

Technical Analysis – AUD/USD More Losses Ahead

Mark — Thu, 31 Jul 2008 05:28:21 +0000

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 the daily charts. I would look for something of a bounce to cool off the oversold levels possibly to 0.9475 or [ continue reading ]

Source: Technical Analysis – AUD/USD More Losses Ahead
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Still in Breakout Pattern

Mark — Mon, 28 Jul 2008 15:57:48 +0000

7-28-08 14:51 GMT – The GU pair stayed within the triangular breakout pattern overnight (from my last signal), rising to the of channel resistance (yellow lines below) where it is now. I still expect that signal to hold to hold true as the pattern in the same. In the short term I expect the price action to return to the triangle channel bottom (blue line) currently around 1.9875. Trading Idea: Short-term shorts preferred below yellow [ continue reading ]

Source: Technical Analysis – GBP/USD Still in Breakout Pattern
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Approaching Support

Mark — Wed, 23 Jul 2008 04:36:08 +0000

7-23-08 3:26a GMT – GBP/USD is approaching intraday support on the 4H and daily charts at the bottom of its bullish channel (blue lines on chart below). We also have possible daily support at 1.9835 and this area of double support might provide a good bounce on the pair. Possible event risk at 6:45a GMT with French Consumer Spending (a weak Euro could support the dollar across the board) and the Bank of England minutes [ continue reading ]

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

Technical Analysis – USD/JPY Downside Favored in Bear Channel

Mark — Tue, 22 Jul 2008 03:25:37 +0000

7-21-08 3:21a GMT – The USD/JPY appears to have technically entered a bear channel on the 4H charts (and possibly on the dailies though a close below 103.60 is needed to confirm) and the price action has once again crashed against and bounced off of this resistance (blue line on chart below). Additional technical resistance can be seen at 107.55.Â As such I expect a return to the downside. Trading Idea: Shorts favored below 107.05 [ continue reading ]

Source: Technical Analysis – USD/JPY Downside Favored in Bear Channel
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Caution; Upside Still Favored

Mark — Fri, 18 Jul 2008 07:43:26 +0000

7-18-08 7:36a GMT – EUR/USD remains mildly bullish on the daily charts after closing higher than the previous day’s close though the pair is caught in a tight range currently between 1.5890-1.5815. The daily charts remain slightly overbought and leave quite a bit of room for further correction, possibly all the way down to 1.5615 (purple line on 4H chart below is daily support trendline). However with dailies mildly bullish and the 4H caught in [ continue reading ]

Source: Technical Analysis – EUR/USD Caution; Upside Still Favored
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Approaching Support

Mark — Wed, 16 Jul 2008 19:39:03 +0000

7-16-08 19:34 GMT – EU dropped today on a strong US stock performance and a declining price of oil. However, I view the drop as a temporary correction and expect the longs to pick back up again at this discounted price. Multiple levels of support can be found between 1.5780 and 1.5755 on the technical charts and I expect these to hold as more buyers are found. Trading Idea: Longs favored above 1.5755 with targets [ continue reading ]

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