Forex & CFD Analytics
Forex Technical Analyses
07.09.2010 07:18
Technical Summary for Majors
EUR/USD Corrective attempt 1.2586/1.2625, 24/31 Aug lows, stalled at 1.2916 yesterday, just below key resistance area at 1.2920/31. This may signal a completion of the corrective phase, with break below 1.2775 to open 1.2741 first, ahead of 1.2700. Upsid
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06.09.2010 07:02
Technical Summary for Majors
EUR/USD Extends correction off 1.2586/1.2625, 24/31 Aug lows, with market currently attempting 1.2920/31, a break of which opens 1.2957, 50% retracement off 1.3332/1.2586 downleg. Near-term outlook sees scope for lower high, and loss of 1.2855 to open 1.
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03.09.2010 06:50
Technical Summary for Majors
EUR/USD Recovery off 1.25861.2625, 24/31 Aug lows has reached 1.2855, just below off 1.2870, 38.2% retracement of 1.3332/.2586. To resume recovery, break above 1.2931 is required, while loss of 1.2740 would signal bear resumption. Res: 1.2855, 1.2870, 1.
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02.09.2010 13:38
Technical Summary for Majors
EUR/USD Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However
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02.09.2010 07:36
Technical Summary for Majors
EUR/USD Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However
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01.09.2010 06:56
Technical Summary for Majors
EUR/USD Continues to trade within a shallow corrective channel, following the latest 1.2920/1.2588 downleg. Recent lower tops at 1.2778 and 1.2741 should now cap for an eventual break under 1.2631/24 to trigger a drop through 1.2586 to 1.2522 next. Res:
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31.08.2010 12:56
Technical Summary for Majors
EUR/USD Corrective phase off 1.2586 stalled at 1.2778, followed by reversal. Market retraced over 61.8% of 1.2586/1.2778 upleg, reaching 1.2624 today, ahead of fresh strength. This now keeps near-term bulls alive, though break above 1.2778 is required to
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31.08.2010 06:29
Technical Summary for Majors
EUR/USD Failed to extend recovery off 1.2586, with reversal emerging from 1.2778, just above 23.6% retracement of 1.3332/1.2586 downleg. This has completed a rising wedge and market now looks for retest of 1.2586, break of which will open 1.2522 and 1.24
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30.08.2010 13:17
Technical Summary for Majors
EUR/USD Recovery off 1.2586, 24 Aug low, unfolds a bearish wedge pattern, with 1.2791/31 expected to cap. Downside break below 1.2675/65 will bring bears back in play and expose 1.2608/1.2586 next. Break above 1.2831, however, will signal further recover
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30.08.2010 06:32
Technical Summary for Majors
EUR/USD Recovery off 1.2586, 24 Aug low, attempts to form a bearish wedge pattern, with 1.2778/91 expected to cap for fresh weakness. Loss of 1.2675/65 will bring bears back in play and expose 1.2608/1.2586 next. Break above 1.2791, however, will signal
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