Thursday, April 3, 2014

Daily Forex/Technical Analysis - Pre EU Open - 3rd April 2014




EUR/USD Intraday: under pressure.
Pivot: 1.3795

Most Likely Scenario: Short positions below 1.3795 with targets @ 1.374 & 1.372 in extension.
Alternative scenario: Above 1.3795 look for further upside with 1.382 & 1.3845 as targets.
Comment: The pair has validated a rising wedge and remains under pressure.



Monday, March 24, 2014

Daily Forex Signals/Technical Analysis - Pre US Open - 24th March 2014

EUR/USD Intraday: under pressure.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: The pair has struck against its resistance and remains under pressure.

Daily Forex Signal/Technical Analysis - Pre EU Open - 24th March 2014


EUR/USD Intraday: under pressure.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.377 & 1.3745 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: The pair is posting a rebound but stands below its resistance.


Friday, March 21, 2014

Daily Technical Analysis/Forex Signals Friday, (Pre-US Open)March 21, 2014

EUR/USD Intraday: the downside prevails.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: the RSI lacks upward momentum. The intraday process of lower lows and lower tops is still in place. As a consequence, the intraday trend remains bearish.

Daily Forex Technical Analysis - Pre EU Open - 21st March 2014

EUR/USD Intraday: the downside prevails.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: the RSI lacks upward momentum. The intraday process of lower lows and lower tops is still in place. As a consequence, the intraday trend remains bearish.

Thursday, March 20, 2014

Daily Forex Trading Signals 20th March 2014 (Pre-EU Market Open)


EUR/USD Intraday: the downside prevails.

Most Likely Scenario: Short positions below 1.39 with targets @ 1.378 & 1.374 in extension.

Alternative scenario: Above 1.39 look for further upside with 1.3935 & 1.3965 as targets.

Comment: the break below the support at 1.39 triggered a downward acceleration to 1.374. The RSI is capped by a declining trend line.

Wednesday, October 2, 2013

Forex Trading Signals 2nd October 2013 (Pre-EU Market Open)

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. 

EURUSD
Pivot: 1.3535.Most Likely Scenario: SHORT positions below 1.3535 with targets @ 1.349 & 1.347.
Alternative scenario: The upside breakout of 1.3535 will open the way to 1.356 & 1.3585.
Comment: the pair has broken below a rising trend line and remains under pressure.



See more after the cut

Thursday, April 11, 2013

Forex Trading Signals 11th April 2012 (Pre-US Market Open)

EUR/USD INTRADAY: THE DOWNSIDE PREVAILS.
Pivot: 1.309
Most Likely Scenario: Short positions below 1.309 with targets @ 1.303 & 1.2995 in extension.
Alternative scenario: Above 1.309 look for further upside with 1.312 & 1.316 as targets.
Comment: the pair has validated a rising wedge and is posting a pull back on its new resistance ahead of further weakness.



Forex Trading Signals 11th April 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE DOWNSIDE PREVAILS.Pivot: 1.3090.

Most Likely Scenario: SHORT positions below 1.309 with targets @ 1.303 & 1.2995.
Alternative scenario: The upside penetration of 1.309 will call for 1.312 & 1.316.
Comment: the pair has validated a rising wedge and is posting a pull back on its new resistance ahead of further weakness.




Thursday, April 4, 2013

Forex Trading Signals 4th April 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.
Pivot: 1.2805.
Most Likely Scenario: LONG positions above 1.2805 with 1.2875 & 1.291 as next targets.
Alternative scenario: The downside breakout of 1.2805 will open the way to 1.279 & 1.277.
Comment: the pair is facing a pull back on its support, the RSI lacks downward momentum and is approaching its oversold area.


Thursday, March 14, 2013

Wednesday, March 13, 2013 Forex Trading Signals 14th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: UNDER PRESSURE.Pivot: 1.2985.
Most Likely Scenario: SHORT positions @ 1.2975 with targets @ 1.293 & 1.288.
Alternative scenario: The upside breakout of 1.2985 will open the way to 1.301 & 1.3045.
Comment: the pair stands below its new resistance (former support) and remains under pressure, the RSI is posting a rebound but stands below its neutrality area.





Wednesday, March 13, 2013

Forex Trading Signals 13th March 2012 (Pre-US Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.Pivot: 1.301
Most Likely Scenario: Long positions above 1.301 with targets @ 1.3075 & 1.31 in extension.
Alternative scenario: Below 1.301 look for further downside with 1.2985 & 1.2955 as targets.
Comment: the pair is posting a rebound on its support, the RSI stands around its neutrality area.




Forex Trading Signals 13th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.Pivot: 1.2985.
Most Likely Scenario: LONG positions @ 1.2995 with 1.3075 & 1.31 as next targets.
Alternative scenario: The downside breakout of 1.2985 will open the way to 1.2955 & 1.2915.
Comment: the pair stands above its support and remains on the upside, the RSI stands above its neutrality area and is turning up.




Monday, March 11, 2013

Forex Trading Signals 11th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: UNDER PRESSURE.Pivot: 1.3035.
Most Likely Scenario: SHORT positions below 1.3035 with targets @ 1.2955 & 1.2915.
Alternative scenario: The upside penetration of 1.3035 will call for a rebound towards 1.306 & 1.31.
Comment: the pair is rebounding but stands below its resistance, the RSI stands below its neutrality area.



Thursday, March 7, 2013

Forex Trading Signals 8th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.3060.
Most Likely Scenario: LONG positions @ 1.307 with targets @ 1.312 & 1.3155.
Alternative scenario: The downside penetration of 1.306 will call for 1.303 & 1.298.
Comment: the pair remains on the upside but should face a pull back on its support ahead of further advance, the RSI stands above its neutrality area.