Weekly technical outlook, by Liviu Flesar EURUSDThe Euro wasn’t able to breach 1.347 during the last week but the support at 1.328 was strong enough to hold under the presure of two tests. 1.328 is also the 50 fib retracement of the 1.308-1.347 move. It is quite interesting that the entire time frame since 1.328 Read More
Tuesday 03.15.2005
EURUSDThe major support level at 1.339 was breached on yesterday and now there will probably be a test of the second major support level whichis seen at 1.327. The pair may reverse at the 50 retracement of the last week rally which is seen at 1.329. Current exchange rate is 1.336Trading strategies:Long at 1.3293, stop Read More
A week ahead(03/14-03/18)
EURUSDThe rally started at 1.308 and paused around 1.346 on Friday, arrived to a decisive point. For the week ahead we have a potential 1.36 test on one side, and a retracement or reverse back, on the other side. The pair found strong support in the 1.338/1.34 area, and these levels will probably be Read More
A week ahead (03/07-03/11)
EURUSD We had a triple top formed in the 1.327-1.328 resistance zone during the last week and also a double bottom on the 1.309 support area. The last two 1.328 resistance tests also made a Momentum divergence. The support breakout at 1.318 was quite tricky because I expected the next support at 1.3085 to be Read More
Wednesday 03.02.2005
Added on 03.02.2005 at 07.02GMTEURUSDFirst resistance is seen at 1.3179 followed by 1.323. Important support is seen at 1.3146. Current exchange rate is 1.3168Trading strategies:Short at 1.319, t/p @1.313, s/l @1.322EURJPYSupport was found in the 137.44 area. It looks that the pair reversed there, so, now we will target the 50 and 61.8 retracement levels Read More
A week ahead(02/28-03/04)
EURUSDLooks like the retracement of the 1.301-1.328 is over and the pair is now ready to test the major resistance level at 1.3295 again. Additional gains will target the second resistance at 1.334 and 1.3385 later. We also have a bullish momentum developed after the last retracement at 50 fib level at 1.3145. Support Read More
A week ahead(02/21-02/25)
EURUSDThe dollar was unexpectedly weak during the last week, even if many traders thought that there will be seen fresh lows in the 1.26area. Strong support was found in the 1.2730/40 region, also the 38.2 retracement of the 1.212-1.366 move. Therefore, the entire move toward the 1.273 area could be only a retracement and now Read More
A week ahead(02/14-02/18)
EURUSD The dollar was not strong enough to break the 1.27 level and major support was triggered at 1.274. Strong resistance is seen at 1.293 followed by 1.3095. We are curious about the potential tests ofthe first resistance area because the market will probably reverse here and fall back toward the dipsof the 1.27 area. Read More
Monday 02.07.2005
Added on 02.07.2005 at 06.20GMT EURUSDWe expect a rise toward the 1.29 area today. Support is seen in the 1.2760 area. Resistance starts at 1.2910 followed by 1.2955 and 1.3092.Current exchange rate is 1.2837Trading strategies:Long at 1.2815, t/p @1.2850, s/l @1.2785USDJPYSupport is seen at 104.15 followed by 103.65 and 102.95. Resistance starts at 104.80 and is Read More
A week ahead(02/07-02/11)
Weekly Technical outlook EURUSD As I’ve mentioned on the last weekly report, we expected a loss of momentum in the 1.31 area and a drop toward the dips of 1.28 right after. It happened. We have to pay attention to the major support at 1.2845 because a breach here will probably push the pair downward where it Read More
Friday 02.04.2005
Added on 02.04.2005 at 06.24GMT EURUSDThe Euro slipped on the major support level of 1.2945 on yesterday, something we exected since Sunday when we publishedour weekly outlook. Today we keep our eyes on the major events. Support starts and 1.2945 followed by 1.2925 and 1.2881. Resistance is seen at 1.3026. Additional gains will target the 1.3075/85 Read More
Thursday 02.03.2005
Added on 02.03.2005 at 06:28GMT EURUSDStrong support is seen in the 1.305/10 area followed by 1.2983. Resistance starts at 1.3040 and is followed by 1.3070, 1.3095 and 1.3125. Keep an eye on the today events. Current exchange rate is 1.3022 Trading strategies:Short at 1.3040/50, t/p @1.3, s/l @1.3070. USDJPYThe pair has breached the resistance key Read More
Wednesday 02.02.2005
Added on 02.02.2005 at 06.31GMT EURUSDThe Euro was strong enough during the Asian session to break the resistance key at 1.3075, but everyone is waiting for the major events of this week so we have to be careful. The second major resistance key is eyed at 1.3127. The pair currently stands on the support level at Read More
Tuesday 02.01.2005
Added on 02.01.2005 at 06:24GMT EURUSDResistance was found at 1.3080 on Friday and it will probably be tested today. Additional gains will target the second resistance level at 1.3130. Important support is eyed at 1.2975 followed by 1.2945. We look forward for a drop below 1.3 area. Current exchange rate is 1.3053Trading strategies: Short at Read More
Monday 01.31.2005
Added on 01.31.2005 at 06.10 GMT EURUSDWe believe that the market sentiment remains bearish for the week ahead. Important resistance level was triggeredon the last Friday rally (1.3127 thru 1.3080) and also the double top of 1.3075. Therefore, the 1.307 area seemsto be a strong resistance zone that we will probably trust along with our short Read More
A week ahead (01/31/2005 – 02/04/2005)
Technical Outlook for the week of 31 Jan-04 FebEURUSD Important resistance level was found in the 1.3120/30 area, where we have a double top formed in the last two weeks. As we can see on the chart, this resistance level is also the 38.2% retracement of the 1.2225-1.3665 rally. Any breach here, on the first Read More
Friday 01.21.2005
Added on 01.21.2005 at 06.40GMT EURUSDWe expect a drop below the first key support at 1.2920, but probably after a smallcorrection of the 1.3125-1.2919 move. Current exchange rate is 1.2949Trading strategies:Short at 1.2985, t/p @1.2890, s/l @1.3035USDJPYA rally towards the 104 area is possible. Current exchange rate is 103.51. Trading strategies:Long at 103.20, t/p @103.80, s/l Read More
Thursday 11.11.2004
Added on 11/11/2004 at 07.03GMTEURUSDA trend consolidation is expected and probably a test of the first resistance key at 1.2967. Current value is 1.2885. Trading strategies:Long at 1.2870, t/p @1.2920, s/l @1.2850USDJPYA move towards first support key at 106.18 is possible. Current value is 106.89.Trading strategies:Short at 107.05, t/p @106.50, s/l @107.40Bonus signals:GBPUSDCurrent value is Read More
Friday 10.22.2004
USDJPY After a rise towards 108 area, the USD will probably fall again as we got used in the last days. We will hold a long position until any bearish signal will be confirmed (probably around 108.00/10 level). Current value is 107.68. Trading strategies: Short at 108.10, t/p @107.70 s/l @108.20 EURUSD A test at Read More
Thursday 10.21.2004
Added on 10.21.2004 at 05.50 GMTEURUSD A fall around 1.2565 is expected later. We will look forward for an entry around 1.2640/50 and hold short for an exit around 1.2570. Current value is 1.2605. USDJPY A trend consolidation is expected after last night fall below 108.00. Trade carefully, the USD is still on a fragile Read More
Tuesday 10.19.2004 (+bonus signals)
Added on 10.19.2004 at 04.52 GMT USDJPY We expect a hit of the 109.65 res level during the next trading hours. A reverse will probably occur on the 109.70/80 area.Current value is 109.42 Trading strategies: Long at 109.35, t/p @109.65, s/l @109.10 EURUSD A new rise towards 1.250 area is expected but we don’t think Read More
Friday 10.15.2004 (+bonus signals)
EURUSDA drop towards 1.2320 is possible. Keep an eye on the economic events of today. Current value is 1.2392Trading strategies:Short at 1.2410, t/p @1.2350, s/l @1.2440 USDJPYWe look forward for a long entry around 109.20, t/p @109.60, s/l @108.90Current value is 109.47 Bonus SignalsUSD/CHFCurrent value is 1.2439Long at 1.2430, t/p @1.2475, s/l @1.2405EURJPYCurrent value is Read More
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