Technical Analysis

Forex Signals - EURUSD Keeping Losses Small

By PipHut | 6:42 am | PipHut.com

EUR/USD Slows Downtrend, Holding Above 1.25 For Now

On Thursday Euro/Dollar traded within 115 pip range. The European currency appreciated from 1.2514 to 1.2620 yesterday, not matching the negative money flow sentiment at around -14%, closing the day at 1.2530. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.

5:42 am | iFOREX

USDCHF Trades above January High

The USDCHF has traded to the January high, thus triggering its intra-year reversal. As mentioned last update; "near term structure (3 wave drop for example from the top) is constructive against 9367 towards the January high at 9594." This remains the case but the January high may be a good place for price to consolidate before resuming the larger bull trend.

By Jamie Saettele | 6:23 pm | DailyFX

USD/CHF Slowing Its Bull Run at the 2012 High

The 1H chart does show the type of bearish divergence I consider valid. A break below 0.9530 can start the topping process. Again, the maximum bearish target here is 0.94. traders might want to consider early trade management to lock in profit even before the market gets to this level in case the rejection from 0.9593 2012-high is a fleeting one.

6:21 pm | FX Times

USD/CAD Trading at Resistance Area Around 1.03

The USD/CAD indeed pushed to the 1.03 level after breaking above the 1.0050-1.0060 resistance. The 1.0280-1.0315 area represent resistance pivots back in January 2012, with 1.0315 being the 2012 high. Although this resistance area sent the market down to our 2012 low near 0.

By Fan Yang | 6:20 pm | FX Times

GBPUSD: Takes Out Key Support, Set To Recapture The 1.5805 Level

With the pair selling off and breaking below its medium term rising trendline, further bearishness is expected in the days ahead. On continued weakness, GBP will target the 1.5805 level, April 05'2012 low with a violation of there allowing for more weakness towards the 1.5642/53 levels, its Feb 14/15'2012 lows.

By Mohammed Isah | 4:22 pm | FX Tech Strategy

EURGBP: Bearish Medium Term, Eyes The 0.7949 Level

We continue to hold our downside bias on EURGBP as we look for it to decline further towards the 0.7949 level. A breach of here will turn focus to the 0.7840 level. A decisive clearance of this level will open the door for a run at the 0.7750 level with a cut through here paving the way for a move lower towards its Oct 2008 low at 0.7691.

By Mohammed Isah | 4:12 pm | FX Tech Strategy

GBP/USD Daily Free Signals by AutotradingFX

Entry Sell: 1.5636 T/P Sell: 1.5615 / 1.5586 S/L Sell: 1.5686

1:39 pm | AutoTradingFx

EUR/USD Daily Free Signals by AutotradingFX

Entry Sell: 1.2514 T/P Sell: 1.2464 S/L Sell: 1.2564

1:37 pm | AutoTradingFx

Forex Signals - EURUSD Clear Downtrend

Our decision to skip the long yesterday was the right call as the downtrend was just too strong for bulls to push the pair up in any significant way. No EU trades taken as no support ever formed for us to work with.

By PipHut | 11:07 am | PipHut.com

USD/JPY Consolidates After Two Days Of Shaking

On Wednesday Dollar/Yen decreased with 115 pips, losing all Tuesday's gains. The currency couple depreciated from 80.08 to 79.20 yesterday, matching the negative money flow sentiment at under -14%, closing the day at 79.44. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now.

10:49 am | iFOREX

Charting Momentum in Latest Forex Cycles

More evidence of the German locomotive dragged down by the rest of the European continent as German manufacturing PMI dips to 45.0, its lowest figure since May 2009. The French version of manufacturing PMI hit 44, also a 36-month low. EURUSD hits a fresh low on the year at $1.25, down 3.3% year-to-date, and down 7.0% from its February highs.

By Ashraf Laidi | 10:10 am | Ashraf Laidi