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Short-term bearish shadows for USD/JPY

April 10, 2014 11:09 am GMT+0  in Chart Alert

We had mentioned on March 15th that we would expect some volatile side ways moves between 100.00 and 105.00 for USD/JPY. The pair is moving that way. The recent strong fall from 104.13 suggested that the resistance of the psychological level of 105.00 is staying intact even when the pair had tried to break overRead the Rest…

Will USD/JPY break the support pattern?

March 15, 2014 3:04 am GMT+0  in Chart Alert

USD/JPY’s fall from 103.76 suggested that the previous support zone had turned into resistance. This fact had brought in the first wave of bearish sentiments and those got stronger when the pair failed the resistance zone which remained in place during February 5th to February 26th. This previous resistance zone was expected to turn intoRead the Rest…

What did GBP/JPY’s recent support whispered?

February 23, 2014 1:33 am GMT+0  in Chart Alert

GBP/JPY surely lost upward momentum during the the last week and that may cast some doubts about the continuation of further gains. However, a deeper look on the recent support indicates that the possibilities of a retest of 174.84 and gains beyond that are quite high. What the recent support indicated? Support of the priceRead the Rest…

Revisiting the combination of resistances for AUD/USD

February 23, 2014 12:18 am GMT+0  in Chart Alert

On February 9, 2014 we had indicated that AUD/USD is up against a combination of resistances. The chart posted in that alert was as follows: AUD/USD on February 9, 2014 Now let’s check the updated chart as on February 23, 2014 The situation is practically unchanged. The attempt for the second recovery failed at 0.9080.Read the Rest…

EUR/USD is in a resistance zone but focus remains upside

February 16, 2014 4:36 am GMT+0  in Chart Alert

EUR/USD’s movement has been in a very volatile sideways for past 6 weeks, since the pair had faced a strong resistance at 1.3894 . However we have been in the favor of further gains as we had mentioned in an old post titled “EUR/USD 2014 Outlook – The Pair Is At Two Years High ButRead the Rest…

GBP/USD breaks above one more hurdle

February 15, 2014 7:36 am GMT+0  in Chart Alert

GBP/USD had achieved one landmark on January 23, 2013 when the pair had broken above August 2011′s strong resistance of 1.6618. This resistance had cause the pair to fall by 1376 pips to as low as 1.5272. This break had turned the focus towards the next key resistance of 1.6746 which was the high ofRead the Rest…

The combination of resistances for AUD/USD

February 9, 2014 1:04 am GMT+0  in Chart Alert

The support seen at 0.8660 was a failure of o.8770 support seen during the week of August 23, 2010 but on the other hand it was also a failure to retest July 2010′s 0.8633 support. A chart about these points was posted on a update titled “Australian Dollar’s fall – Was it just the employment numbers?“.Read the Rest…

Will GBP/USD test the trend line support again?

February 8, 2014 3:48 am GMT+0  in Chart Alert

GBP/USD has seen a strong fall to 1.5959 after showing some strong bullish sign by touching 1.6668. This post is an extension of one of the previous chart alert titled “GBP/USD Achieves One More Milestone” to check on the updated status. As we had mentioned in the above mentioned post, despite breaking over the expectedRead the Rest…

An Eye on EUR/JPY

February 2, 2014 1:43 am GMT+0  in Chart Alert

EUR/JPY continued it’s strong fall and that has brought the bearish outlook in the picture. However, the current price action is testing a very critical support zone. As we had mentioned at “Will EURJPY Test The 16 Months Old Support Pattern Again?” , the pair has been maintaining a support pattern of finding a supportRead the Rest…

Can we expect further declines by EUR/USD?

February 1, 2014 1:28 am GMT+0  in Chart Alert

As this is a chart alert for EUR/USD and hence we will just touch upon the important facts about the price-action. The price action is indicating further fall but there are some factors which are also arguing about the same. Point 1: The recent fall broke the 200-day moving average and that brings in theRead the Rest…

Will EURJPY test the 16 months old support pattern again?

January 26, 2014 1:27 am GMT+0  in Chart Alert

The break of 140.00 when EUR/JPY touched 139.75 during last week indicates that the pair may extend it’s decline. However the weekly closing slightly above 140.00 suggests that the support may still work. There is another support in the picture and that is the lower edge of the daily Ichimoku cloud. Price action near theRead the Rest…

GBP/USD achieves one more milestone

January 25, 2014 5:02 am GMT+0  in Chart Alert

We had been talking about the long standing support and resistance trend-lines for GBP/USD, and the fact that during November 2013, GBP/USD pair had ultimately had a breakout from the long containment to move over the resistance trend-line for 4 years. The last week highlighted the achievement of another milestone when the pair broke overRead the Rest…