Daily Chart
Looking at the above daily chart, the market looks like moving upwards to test the resistance at 1.45000. There is no strong indication from the MACD. Let’s look at the 4-hours chart below.
4-hours chart
Archive for June, 2011
EUR/USD – Next possible resistance
June 29 | Posted by yeijen | Forex Trading Analysis and News
EUR/USD – Entry order triggered and profits taken!
June 28 | Posted by yeijen | EUR/USD, Forex Trading Report
Daily Chart
According to my previous post that I placed an entry order of sell at 1.43100, the entry order had been triggered and and a limit profit of 30pips had been taken. Below is the 4-hours chart.
4-Hours Chart
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EUR/USD – Entry order placed
June 27 | Posted by yeijen | EUR/USD, Forex Trading Report
Daily Chart
It looks like this pair is now heading upwards to the next possible resistance line at 1.43000
Entry Order of Sell @ 1.43100
Limit Profit – 30pips
Stop Loss – 30pips
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EUR/USD – Strong bearish movement
June 23 | Posted by yeijen | EUR/USD
Daily Chart
This pair has failed to test the resistance level at 1.45000 and crashed downwards almost 300pips. Lets look at the 4-hours chart below.
4-Hours Chart
By looking at the MACD above, it did indicated that the market could be going downwards. But there was no clear indication that a strong bearish...
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EUR/USD – Bullish movement
June 21 | Posted by yeijen | EUR/USD
Daily Chart
This pair is now moving upwards strongly. Now let’s see if this pair would be testing the resistance at 1.45000.
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EUR/USD – Market moved past previous resistance
June 21 | Posted by yeijen | EUR/USD
Daily Chart
As mentioned in my previous, this pair could break the pink resistance line. And now it did. It has crossed the resistance and pass more than 40pips before came back down a little bit. Looking at the MACD, the market could continue to go up and test another possible resistance at 1.45000. As when...
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EUR/USD – Updates
June 20 | Posted by yeijen | EUR/USD
Daily Chart
Referring to the above chart, the pair has bounced downward after hitting the pink resistance line (which was previously a support line). The pair has went down for approximate 100pips before went back up again. However by looking at the MACD, it seems like the pair would break the resistance sooner or later. Therefore...
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EUR/USD – Strong Bearish Movement
June 15 | Posted by yeijen | EUR/USD
Daily Chart
As mentioned in our previous post that I recommended selling for this pair. The market has now moved downwards for more than 150pips. It has also broken several supports. Now I am looking at 1.40000 as a next possible support for a reversal.
Will continue monitor…
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EUR/USD – Updates
June 15 | Posted by yeijen | EUR/USD
Daily Chart
As mentioned in my previous post that 1.45000 could be as another possible resistance, the market went to 1.49980 and then reverse downwards. That proved to be a quite strong resistance around that area. Moreover as mentioned previously that this pair could be going downwards as per the MACD indicator, the pair has crossed...
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EUR/USD – Unexpected Strong Bearish Movement
June 14 | Posted by yeijen | EUR/USD
Daily Chart
According to my previous post, I recommended for +30pips profits for that reversal after the pair hit 1.43420 support line. However, the market has now moved more than +80pips should the position was not closed after the recommended profit limit. Somehow, it looks regrettable for missing the opportunity to gain more profits comparing 30pips &...
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