Forex Forum to Share, Discuss, Communicate and Trade Forex

Forex Alerts and Observations

Please share any observations which can lead to a surer or bigger market movement. Sometimes there are signs for a possible major move but we may miss to notice those. This sub-forum is for such signs. Please contribute to bring up the best.
Image

EUR/USD - 55-day EMA resistance

Postby Himanshu » Mon Jun 18, 2012 8:26 am

As mentioned during weekend analysis for EUR/USD in our weekly analysis section, the 55-day EMA level proved to be of resistance (the red line on the daily chart of EUR/USD below). Still the current level and 1.2620 may prove to be of support and below that some support is expected near 1.2590. if both of these are broken then further decline should come. If these support levels work then there may be some more upward correction.

To be hoest I am not showing my short positions on this chart including the last entry at 1.2723 as I am right now in for some longer term short positions:

EUR/USD daily:

eur-usd-june-18th.gif
eur-usd-june-18th.gif (28.08 KiB) Viewed 3338 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

EUR/USD outlook- Break of support line?

Postby Himanshu » Thu Jun 21, 2012 9:53 pm

This post is an extension of the previous post above it. EUR/USD kept on trying to break 55-day EMA resistance (red line in the chart) but kept on failing. The sharp fall seems to have broken the trend line support on the daily chart. This is still early to say as the pair is now near the psychological support of 1.2500 but I would take it as the second indication of deeper downward move. Will watch for the break of 1.2500 as the third indication.

EUR/USD chart:

EUR-USD June 22.jpg
EUR-USD June 22.jpg (249.16 KiB) Viewed 3333 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

Re: EUR/USD - 55-day EMA resistance

Postby Himanshu » Mon Jun 25, 2012 10:30 am

Himanshu wrote:As mentioned during weekend analysis for EUR/USD in our weekly analysis section, the 55-day EMA level proved to be of resistance (the red line on the daily chart of EUR/USD below). Still the current level and 1.2620 may prove to be of support and below that some support is expected near 1.2590. if both of these are broken then further decline should come. If these support levels work then there may be some more upward correction.

To be hoest I am not showing my short positions on this chart including the last entry at 1.2723 as I am right now in for some longer term short positions.


EUR/USD daily:

The attachment eur-usd-june-18th.gif is no longer available


In one of the previous posts (quoted above) I had mentioned "To be hoest I am not showing my short positions", because from normal short-term trading perspective those positions were not good. But then, I am into these for a bit of longer-term and saying that "I am not showing" is like saying "I am hiding" and hence the following chart show all the open positions.

I wish to repeat that such trading style is not good in normal situations and not recommended and there less of technical analysis and more of fundamental reasons behind these but then all times are not normal and I believe that the current times are certainly not. These could cause good losses and also some great profits but for normal trading these are not recommended: :

eur-usd-all-positions-1.jpg
eur-usd-all-positions-1.jpg (326.76 KiB) Viewed 3238 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

EUR/USD - Support line break

Postby Himanshu » Fri Jul 20, 2012 10:40 am

EUR/USD broke below the support line. This is still a bit early considering a possible support near 1.2215 but more downward move is expected.

Please check the 4-hourly chart:

eur-usd-support-line.JPG
eur-usd-support-line.JPG (65.2 KiB) Viewed 3075 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

GBP/JPY -possible break of support

Postby Himanshu » Wed Jul 25, 2012 12:19 am

GBP/JPY is hesitating at the recent low of 120.96. A break of that should come and that shoud target 120.60/120.50 next.

gbp-jpy-july-25.JPG
gbp-jpy-july-25.JPG (66.06 KiB) Viewed 2988 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

AUD/USD Support

Postby Himanshu » Wed Jul 25, 2012 3:04 am

During last 2 big dips the support for AUD/USD has been coming near the 55-day EMA level. The recent support also seems to be coming there. Unless this support is broken, an upward move may start again. On the other hand if the support breaks then further downeard move to complete Fibonacci 38.2% retracement i.e. towards 1.0110 or more may take place.

Please check the red EMA line of AUD/USD daily chart and below that Fib retracement chart:

aud-usd-55-day-ema.JPG
aud-usd-55-day-ema.JPG (59.76 KiB) Viewed 3009 times


AUD/USD Fib retracement:

aud-usd-fibonacci.JPG
aud-usd-fibonacci.JPG (64.36 KiB) Viewed 3006 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

EUR/USD - Trend Line Support

Postby Himanshu » Mon Aug 13, 2012 10:39 am

EUR/USD seems to be getting support at the short-term trend line once again. Please check the daily chart:

eur-usd-trend-line.JPG
eur-usd-trend-line.JPG (67.31 KiB) Viewed 2406 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

AUD/USD at resistance trend line

Postby Himanshu » Tue Aug 21, 2012 4:18 am

AUD/USD has been moving into parallel channels a lot lately. This has been happening on both sides i.e. short-term downtrends and uptrend.

The currency pair is now at the upper trend line resistance of the current channel. Need to watch for the break to expect any further upward move failure here for further downward consolidation.

Please check the 8-hourly chart of AUD/USD:

aud-usd-trend-channel.JPG
aud-usd-trend-channel.JPG (66.44 KiB) Viewed 2051 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

Re: AUD/USD at resistance trend line

Postby Himanshu » Tue Aug 21, 2012 10:52 am

Himanshu wrote:AUD/USD has been moving into parallel channels a lot lately. This has been happening on both sides i.e. short-term downtrends and uptrend.

The currency pair is now at the upper trend line resistance of the current channel. Need to watch for the break to expect any further upward move failure here for further downward consolidation.

Please check the 8-hourly chart of AUD/USD:

The attachment aud-usd-trend-channel.JPG is no longer available


Well, the pair broke above the upper trend line resistance and then jumped up as expected. The next resistance should be near 1.0530/1.0540.

AUD/USD 8-Hourly Chart:

aud-usd-trend-channel-break.JPG
aud-usd-trend-channel-break.JPG (70.58 KiB) Viewed 2035 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

AUD/USD Outlook - 55-Day EMA

Postby Himanshu » Fri Aug 24, 2012 9:09 am

Since June end any downward consolidation of AUD/USD has been finding support just near 55-day EMA. The currency pair is once again there. If the support holds as it has been then we can expect further upwards move. On the otherside the recent resistance came from a very strong resistance zone. This may cause much deeper consolidation.

The first chart is daily chart showing 55-EMA (red EMA line) supports. The second chart is weekly chart showing possible 38.2% retracemebt in case a decisive break of the mentioned support takes place and the price action sustains below this support.

AUD/USD Daily chart:

aud-usd-55-day-ema.JPG
aud-usd-55-day-ema.JPG (71.88 KiB) Viewed 1805 times


AUD/USD Weekly chart:

aud-usd-weekly-fibonacci.JPG
aud-usd-weekly-fibonacci.JPG (72.76 KiB) Viewed 1805 times
User avatar
Himanshu
 
Posts: 558
Joined: Sat Jun 12, 2010 11:04 am
Location: Tokyo

PreviousNext

Return to Forex: Alerts - Observations - Watch outs

 

Who is online on Forum

Registered users: Adamant Finance, Alexa [Bot], Baidu [Spider], Bing [Bot], FXTechstrategy, Google [Bot], Google Adsense [Bot], Majestic-12 [Bot], Yahoo [Bot]

cron