Skip to main content

Today's Technical Analysis

Technical Analysis
EUR/USD
The Bollinger Bands are widened indicating increased volatility. This pair has been on a sharp upward trend over this week, but now indicators on the 4 H chart are beginning to give a bearish signal. However the daily chart is flat so there is a possibility of further bullish momentum today.

GBP/USD
On the 4 H chart we can see that this pair is near the top of horizontal channel. The Stochastic Slow is crossing above 80 and is a strong indication that we are in deep overbought territory and that a reversal may be imminent. Also RSI and Momentum are negatively, indicating further bearish movement.

USD/JPY
This pair fell sharply yesterday breaching the key 105.00 resistance level. The hourlies and daily charts are still giving a strong bearish signal. The next target price will be to breach 104.00 mark.

USD/CHF
This pair has been in a steady downward channel over the last few weeks. However this pair has made a sharp downward breakout this week, indicating that it will now target new lows. Going short will still be the preferred strategy today.
Labels:

Comments

Post a Comment

Popular posts from this blog

Can equities rally survive EU turmoil?

September 19, 2011 Market Watch Can equities rally survive EU turmoil? Here we are in the premarket with the futures and the EUR/USD pointing south with the Greenback pointing north. The more they greet this news with concern, the quicker it will resolve… Read More Oil watching for demand destruction from Greek debt Global oil markets are falling as the Greece problem continues to weigh on market sentiment. Market odds put a Greek default at 98% and rising… Read More EU debt crisis dominates world markets The ongoing attempt by Germany, France and others to find a way to keep Greece from defaulting on its debt seems to me to be an exercise in futility… Read More Stock market gains suggest bear market rally...
Post a Comment
Read more

Yokepost Forex: A Comprehensive Resource for Financial Trading

Yokepost Forex: A Comprehensive Resource for Financial Trading Introduction: Yokepost Forex is a valuable online platform that caters to individuals seeking information and insights into the world of forex trading. With its user-friendly interface, comprehensive content, and expert analysis, Yokepost Forex stands out as a reliable resource for both novice and experienced traders. In this review, we explore the key features and benefits of Yokepost Forex, highlighting its commitment to providing valuable content and fostering a thriving trading community. 1. User-Friendly Interface: Yokepost Forex impresses with its intuitive and well-organized interface. Navigating through the website is a breeze, allowing users to quickly access the information they need. The layout is clean, and the inclusion of clear categories and sections makes it easy to explore various aspects of forex trading. 2. Comprehensive Forex Content: One of the strengths of Yokepost Forex lies in its wide range of comp...
Post a Comment
Read more

Margin In Forex Trading

Margin In Forex Trading By: ActionForex.com What is Margin? Margin is the amount of equity that must be maintained in a trading account to keep a position open. It acts as a good faith deposit by the trader to ensure against trading losses. A margin account allows customers to open positions with higher value than the amount of funds they have deposited in their account. Trading a margin account is also described as trading on a leveraged basis. Most online forex firms offer up to 200 times leverage on a mini contract account. The mini contract size is usually 10,000 currency unit, 1/200th of 10,000 equals to 50 currency unit, meaning only 0.5% margin is required for open positions. Compare to future contracts, which require 10% margin for most contracts, and equities require 50% margin to the average investor and 10% margin to the professional equity traders, foreign exchange market offers the highest leverage among the other trading instruments. The equity in excess of the ...
Post a Comment
Read more