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Technical Analysis – GBP/USD Approaching Resistance

Mark — Mon, 08 Sep 2008 04:54:21 +0000

9-8-08 5:50a GMT – GBP/USD is approaching resistance at 1.8000 as the pair saw its first major corrective action in weeks. I will continue to sell the downtrend and will look for selling opportunities on this latest strength. Wait for candlestick confirmation or other technical indicators, however, as the pair is drastically oversold and any bad news out of the U.S. could cause traders to begin covering their shorts. Trading Idea: Look for short trade [ continue reading ]

Source: Technical Analysis – GBP/USD Approaching Resistance
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Technical Analysis – EUR/USD More Losses

Mark — Tue, 02 Sep 2008 02:25:11 +0000

9-2-08 4:21a GMT – After our last successful short trade on the EU pair we are again looking to sell for another retreat down to 1.4475. Threats to trade are a very oversold level and the weekly/monthly support the pair is currently resting on. Down to 1.4450 would complete a nice double-top reversal and signal further EU losses. Trading Idea: shorts favored down to 1.4475. (click to enlarge) Click here to receive my free forex [ continue reading ]

Source: Technical Analysis – EUR/USD More Losses
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Technical Analysis – GBP/USD More Losses

Mark — Mon, 25 Aug 2008 03:23:26 +0000

8-25-08 4:06a GMT – The GBP/USD continues to look negative technically and fundamentally as another key support level was broken at 1.8525. Fundamentally both the GBP and USD are weak however the USD has been supported by strong buys over the past several weeks and the retreating price of oil. Main risk to the technical trade are the oversold levels (pair just crossed back above the RSI 30 on the 4 hour charts) which have [ continue reading ]

Source: Technical Analysis – GBP/USD More Losses
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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?
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Technical Analysis – EUR/USD Selling Rallies

Mark — Tue, 19 Aug 2008 07:10:55 +0000

8-19-08 7:05a GMT – Not much has changed in the technical analysis of EUR/USD for the last few days – the pair remains overall bearish with room to run down to 1.4475. The major threat to the trade is that the dailies highly oversold and the market could be primed to consolidate and bounce toward 1.4900 or even 1.5000 on favorable news for the EUR. Trading Idea: Looking to sell rallies. Looking for candlestick entries [ continue reading ]

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

Technical Analysis – GBP/USD Selling Rallies

Mark — Mon, 18 Aug 2008 07:08:48 +0000

8-18-08 3:26a GMT – The GU pair offers perhaps one of the clearest fundamental pictures with the British economy showing clear signs of slowing and signals that their housing market will continue to deteriorate. Technically, as you might expect with those financial events, the GBP/USD is bearish and the pair has fallen over 1500 pips in the past month. The biggest threat to the downtrend is just how incredibly oversold the pair is on the [ continue reading ]

Source: Technical Analysis – GBP/USD Selling Rallies
Forex signals from: PipHut.com

Technical Analysis – EUR/USD Bearish Charts

Mark — Fri, 15 Aug 2008 04:53:32 +0000

8-15-08 6:00a GMT – EUR/USD remains bearish on the charts with a sustained break below 1.5000. Pair is stilling heavily oversold but a few more days of sideways movement should ease that. For those doubting which direction the trend is in the shorter term: the pair has dropped 1300 pips in the past 30 days. Remember – it is easier to ride the trend then to bet against it. Trading Idea: As long as the [ continue reading ]

Source: Technical Analysis – EUR/USD Bearish Charts
Forex signals from: PipHut.com

Technical Analysis – GBP/USD Stalling at Key Support

Mark — Sun, 10 Aug 2008 19:51:20 +0000

8-10-08 20:45 GMT – The US dollar made a strong rally last week with the GBP/USD pair falling almost 600 pips in the last 7 days! Several pairs including EUR/USD, USD/CHF and the GBP/USD are at key support and resistance levels leading me to believe that the rise of the US dollar will stall at the least and possibly slighly reversal as overbought/oversold levels are consolidated. Because of the 600 pip drop I needed to [ continue reading ]

Source: Technical Analysis – GBP/USD Stalling at Key Support
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