search

... continue its bearish trend, eventually targeting strong support around the last long-term low reached in late October? Or will it ... to this situation. Currently sitting on top of an uptrend support line extending from the October low, if price breaks down convincingly ...

forum topic - azka - 2009-01-25 19:44 - 0 comments

Oil Hit Resistance

Oil Hit Resistance and the USD/CAD Found Support,The Value of the USD/CAD is Being Driven by Oil We saw the USD/CAD get a nice bounce off of support at 1.1800 today as the price of oil dropped from around $50 per barrel ... which means that the USD/CAD should be able to hold the support level it has established at 1.1800. by S. Wade Hansen ...

forum topic - azka - 2009-01-09 01:17 - 0 comments

January 20 market commentary and technical levels

... at 1.1345. The bias is bullish targeting 1.1550. Immediate support is seen at 1.1285. CCI in overbought area and heading down so watch out ... a bearish scenario. The key level is 1.2970 – 1.3000 support area. A break below that support area also be seen as a breakdown to ...

forum topic - azka - 2009-01-21 23:31 - 0 comments

November 13 market commentary and technical

... at 1.2585 followed by 1.2630 (yesterday's high). Initial support at 1.2400 followed by 1.2333. EURUSD Daily Supports and ... movement. My model is mixed with upside bias. Immediate support is seen at 94.46 (yesterday's low). Initial resistance at 96.50. ...

forum topic - azka - 2008-12-04 03:28 - 0 comments

Chart of the Day - USD/JPY

... recently established in mid-December 2008. This extreme support level resides just a few pips above the 87.00 mark. ... this pair should be seeing a consolidation above the 87.00 support. The obvious event to watch for is any major break below 87.00, which ...

forum topic - azka - 2009-01-23 10:49 - 0 comments

Euro range bound still, Sterling not as strong this week

... equity acted when the Fed first cut rates. The FMV shows support for the euro but we question that the EU zone can hold on while the US ... of the euro dollar is translating into a firm range with support at 1.24 and resistance at 1.30. It might be another week or two of ...

forum topic - azka - 2008-12-08 00:13 - 0 comments

Pound Signals Further Losses Ahead…

... down to zero, then so be it… GBP/USD broke important support levels and double bottom at 1.5270 and in a quick move it printed ... therefore could continue to fall from those levels. Next support level to watch is 1.2360 ahead of 1.24. EUR/GBP is making new ...

forum topic - azka - 2008-12-04 03:30 - 0 comments

Dollar Correction or Something Deeper?