Forex Investment and Currency Trading

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Entries Tagged as 'Forex Charts'

FX Technicals - EUR G10 Index: Head and shoulders top

October 3rd, 2008 · No Comments

Yesterday the equally weighted EURG10 Index closed below the head and shoulders neckline and it is now below the high from November 2007. The pattern suggests a 3.5% move lower for the EUR on an equally weighted basis.

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Tags: Forex Charts

Forex Technical Analysis - USD/CAD

September 29th, 2008 · No Comments

Short-Term Outlook: Breaking Above 1.0415
USD/CAD briefly broke the upside of 1.0300-1.0415 trading range, but failed to test 1.0495. With the hourly studies losing some upward momentum near overbought levels, resistance at 1.0452 and 1.0495 is expected to attract short-term selling interest for a test of support at 1.0375. An hourly close below this level would [...]

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Tags: Forex Charts

Forex Technical Perspectives: USD Weakens, But Down-Trend Firmly Broken

September 23rd, 2008 · No Comments

The USD dollar has come under significant pressure over the last week, as the market refocuses on the weak state of the US economy. However, from a technical point of view, the USD index has clearly broken out of its down-trend, with numerous levels of significant support likely to deter an extended period of additional [...]

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Tags: Forex Charts