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Technical Analysis – EUR/USD Room to Fall

Mark — Fri, 05 Sep 2008 03:34:14 +0000

9-5-08 3:26a GMT – As the EUR/USD broke through strong support once again, we need to back out all the way to a monthly chart to take a look at where this might go next. The answer: the EUR/USD has more room to fall with the next major support at 1.4000 at the intersection of the 50% Fibonacci level (from the July 2005-March 2008 rise), the monthly trend support and a large round number. Trading [ continue reading ]

Source: Technical Analysis – EUR/USD Room to Fall
Forex signals from: PipHut.com

Technical Analysis – USD/CAD Room to Fall

Mark — Wed, 27 Aug 2008 04:20:09 +0000

8-27-08 4:26a GMT – USD/CAD has plenty of room to fall on the 4-hour and daily charts, which is backed by a strong downtrend on the weekly and monthly charts. Oil prices have hit monthly lows and a rise in oil prices (which is a leading indicator for the CAD) would indicate a fall in the USD/CAD as the CAD strengthens. Pair is consolidating in a triangular pattern (yellow converging lines on chart below). Support [ continue reading ]

Source: Technical Analysis – USD/CAD Room to 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 – USD/CAD At Strongly Weekly Resistance

Mark — Mon, 04 Aug 2008 18:17:56 +0000

8-4-08 17:12 GMT – The USD/CAD pair is at strong daily, weekly, monthly resistance (currently around 1.0375, red line on daily chart below) and I will be looking for a sell opportunity. We have been in a short-term uptrend with the USD/CAD as oil prices have retreated but I think both are temporary and that the general USD weakness will bring this pair back down. Because this has been in a short term uptrend you [ continue reading ]

Source: Technical Analysis – USD/CAD At Strongly Weekly Resistance
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Approaching Stronger Daily Support

Mark — Thu, 24 Jul 2008 15:57:45 +0000

7-24-08 14:51 GMT – The EUR/USD is approaching a daily support line that also shows up on weekly and monthly charts as it has held since August of 2007 (purple line on chart below). The yellow line directly beneath the purple line (about 50 pips away) is another possible strong daily support line so I consider this the area in between these lines to be a buying zone. Trading Idea: look for the pair to [ continue reading ]

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