TODAY TECHNICAL LEVEL :
Breakout Buy level : 1.3947.
Strong Resistance : 1.3938.
Original Resistance : 1.3925.
Inner Sell Area : 1.3912.
Target Inner Area : 1.3879.
Inner Buy Area : 1.3846.
Original Support : 1.3833.
Strong Support : 1.3820.
Breakout Sell level : 1.3811.
TODAY OUTLOOK :
The EUR/USD is now making a new downtrend channel, this is indicated by the lower peak level compared to a few recent highs. Today the pair is still in the Bearish situation and trading between Q2 and Q3 downtrend chanels. As long as the 1.3923 level cannot be broken out by this pair, the downside movement is still in advance. However, now the EUR/USD has been trading between 1.3875 and 1.3900. Please pay attention for the 1.3861 level because it is likely to be tested today as a 3-day low.
TODAY SUGGESTION :
BUY if this pair can break out and close above the 1.3900 level, set Take profit at 1.3910 as the first target and 1.3923 as the second target.
SELL if this pair can break out and close below the 1.3875 level, set Take profit at 1.3865 as the first target and 1.3850 as the second target.
http://instaforex.com/forex_analysis/24519/?x=OUE/
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Wednesday, March 9, 2011
Tuesday, March 8, 2011
The EUR/USD technical analysis and trading recommendations for March 8, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached, upside movement continues, we are also observing current correction. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.4095 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4201. Upside movement remains while the price is above the Kijun-sen (1.3890), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is descending, thus indicating current correction movement, therefore it is recommended to resume up trading after the MACD reverses to the upside.
Trading recommendations:
Currently it is recommended to trade up with target at 1.4095 and further to 1.4201. Stop Loss should be placed below 1.3890. Up trading should be resumed after the MACD reverses to the upside.
http://instaforex.com/forex_analysis/24493/?x=OUE/
The euro is still observing a buy signal with target level 1.3764, the target level is reached, upside movement continues, we are also observing current correction. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.4095 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4201. Upside movement remains while the price is above the Kijun-sen (1.3890), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is descending, thus indicating current correction movement, therefore it is recommended to resume up trading after the MACD reverses to the upside.
Trading recommendations:
Currently it is recommended to trade up with target at 1.4095 and further to 1.4201. Stop Loss should be placed below 1.3890. Up trading should be resumed after the MACD reverses to the upside.
http://instaforex.com/forex_analysis/24493/?x=OUE/
Monday, March 7, 2011
The EUR/USD technical analysis and trading recommendations for March 7, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached, upside movement continues. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.4095 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4201. Upside movement remains while the price is above the Kijun-sen (1.3870), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is descending, however we do not see any downside or correction movement, this can be explained by resetting of parameters as the indicator has no room to advance further. Therefore, it should not be taken into account.
Trading recommendations:
Currently it is recommended to trade up with target at 1.4095 and further to 1.4201. Stop Loss should be placed below 1.3870.
http://instaforex.com/forex_analysis/24421/?x=OUE/
The euro is still observing a buy signal with target level 1.3764, the target level is reached, upside movement continues. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.4095 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4201. Upside movement remains while the price is above the Kijun-sen (1.3870), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is descending, however we do not see any downside or correction movement, this can be explained by resetting of parameters as the indicator has no room to advance further. Therefore, it should not be taken into account.
Trading recommendations:
Currently it is recommended to trade up with target at 1.4095 and further to 1.4201. Stop Loss should be placed below 1.3870.
http://instaforex.com/forex_analysis/24421/?x=OUE/
Friday, March 4, 2011
The EUR/USD technical analysis and trading recommendations for March 4, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached, the correction has ended and the price has fixated above the Kijun-sen again. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.4020 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.4202. Upside movement remains while the price is above the Kijun-sen (1.3850), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if it reverses down it is recommended to cut long positions.
Trading recommendations:
Currently it is recommended to trade up with target at 1.4020 and further to 1.4202. Stop Loss should be placed below 1.3850. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/24321/?x=OUE
The euro is still observing a buy signal with target level 1.3764, the target level is reached, the correction has ended and the price has fixated above the Kijun-sen again. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.4020 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.4202. Upside movement remains while the price is above the Kijun-sen (1.3850), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if it reverses down it is recommended to cut long positions.
Trading recommendations:
Currently it is recommended to trade up with target at 1.4020 and further to 1.4202. Stop Loss should be placed below 1.3850. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/24321/?x=OUE
Thursday, March 3, 2011
The EUR/USD technical analysis and trading recommendations for March 3, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached, the correction has ended and the price has fixated above the Kijun-sen again. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3888 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4020. Upside movement remains while the price is above the Kijun-sen (1.3800), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if it reverses down it is recommended to cut long positions.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3888 and further to 1.4020. Stop Loss should be placed below 1.3800. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/24249/?x=OUE
The euro is still observing a buy signal with target level 1.3764, the target level is reached, the correction has ended and the price has fixated above the Kijun-sen again. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3888 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4020. Upside movement remains while the price is above the Kijun-sen (1.3800), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if it reverses down it is recommended to cut long positions.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3888 and further to 1.4020. Stop Loss should be placed below 1.3800. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/24249/?x=OUE
Wednesday, March 2, 2011
The EUR/USD technical analysis and trading recommendations for March 2, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached, the signal has weakened as the price fixated below the Kijun-sen, which implies cutting long positions. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3888 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4020. Upside movement remains while the price is above the Kijun-sen (1.3780), if the price fixates below this line (which has happened) it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the sideways movement, the lines are not diverging and directed sideways. The MACD is descending, which indicates current correction movement, therefore long positions should be resumed after the reverse of the MACD to the upside.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3888 and further to 1.4020. Stop Loss should be placed below 1.3780. Long positions should be opened after the reverse of the MACD to the upside and fixation of the price above the Kijun-sen back. Otherwise it is recommended to wait until the sell signal is formed.
http://instaforex.com/forex_analysis/24171/?x=OUE
The euro is still observing a buy signal with target level 1.3764, the target level is reached, the signal has weakened as the price fixated below the Kijun-sen, which implies cutting long positions. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3888 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4020. Upside movement remains while the price is above the Kijun-sen (1.3780), if the price fixates below this line (which has happened) it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the sideways movement, the lines are not diverging and directed sideways. The MACD is descending, which indicates current correction movement, therefore long positions should be resumed after the reverse of the MACD to the upside.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3888 and further to 1.4020. Stop Loss should be placed below 1.3780. Long positions should be opened after the reverse of the MACD to the upside and fixation of the price above the Kijun-sen back. Otherwise it is recommended to wait until the sell signal is formed.
http://instaforex.com/forex_analysis/24171/?x=OUE
Tuesday, March 1, 2011
EUR/USD Monthly Forecast for March 2011
On monthly charts the pair has formed the Descending Triangle pattern, which indicates that the market looks confused about the situation now and this means the EUR/USD is a little bit drained out of volatility and the RSI (14) is betwen the 60 and the 40 levels too (it means sideways situation for this pair), however please pay attention to the breakout of this pattern, ussually it can cause a significant movement. For this month, if this pair can break out above the previous high at 1.3856, the spot rate will advance to at least the 1.3965 level as the first target and 1.4281 as the second target. On the other hand, if this pair can break out below the 1.3641 level, this will cause the pair to go down again to the 1.3589 level as the first target and the 1.3427 level as the second target.
http://instaforex.com/forex_analysis/24051/?x=OUE
http://instaforex.com/forex_analysis/24051/?x=OUE
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