Chart of the Day
« Previous EntriesS&P 500 Chart Setup Calls for Losses, Hinting US Dollar to Recover
Wednesday, February 22nd, 2012By Ilya Spivak, Currency Strategist for DailyFX.com THE TAKEAWAY: S&P 500 technical positioning calls for a bearish reversal below the 2011 yearly high, hinting the safe-haven US Dollar is set to recover amid risk aversion. S&P 500 – Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance at 1376.10, the May [...]
Euro Struggles to Find Direction Post Greek Agreement But Supported on Dips
Tuesday, February 21st, 2012EUR/USD: Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the [...]
Euro Struggles to Find Direction Post Greek Agreement But Supported on Dips
Tuesday, February 21st, 2012EUR/USD: Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the [...]
Euro Struggles to Find Direction Post Greek Agreement But Supported on Dips
Tuesday, February 21st, 2012EUR/USD: Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the [...]
EURUSD: Candle Setup Hints Upswing Ahead
Monday, February 20th, 2012Strategy: Pending Short EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines up in the 1.3157-1.3220 area, with a break above that exposing the February 9 swing high at 1.3321. We continue to see the overall bias as [...]
EURUSD: Candle Setup Hints Upswing Ahead
Monday, February 20th, 2012Strategy: Pending Short EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines up in the 1.3157-1.3220 area, with a break above that exposing the February 9 swing high at 1.3321. We continue to see the overall bias as [...]
EURUSD: Candle Setup Hints Upswing Ahead
Monday, February 20th, 2012Strategy: Pending Short EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines up in the 1.3157-1.3220 area, with a break above that exposing the February 9 swing high at 1.3321. We continue to see the overall bias as [...]
EURUSD: Candle Setup Hints Upswing Ahead
Monday, February 20th, 2012Strategy: Pending Short EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines up in the 1.3157-1.3220 area, with a break above that exposing the February 9 swing high at 1.3321. We continue to see the overall bias as [...]
S&P 500 Rally Fails to Break Key Resistance, Dollar Pullback Hinted
Friday, February 17th, 2012US DOLLAR – Prices turned lower after putting in a Hanging Man candlestick below support-turned-resistance in the 9823-56 region, with a deeper pullback from here seeing the first layer of major support at 9679. Alternatively, renewed upward momentum…
S&P 500 Rally Fails to Break Key Resistance, Dollar Pullback Hinted
Friday, February 17th, 2012US DOLLAR – Prices turned lower after putting in a Hanging Man candlestick below support-turned-resistance in the 9823-56 region, with a deeper pullback from here seeing the first layer of major support at 9679. Alternatively, renewed upward momentum…
« Previous Entries