Daily Chart
Archive for December, 2011
EUR/USD Updates
December 29 | Posted by yeijen | Forex Trading Analysis and News
EUR/USD Bearish movement
December 28 | Posted by yeijen | Forex Trading Analysis and News
4-hour chart
As mentioned in my previous that a big breakout was going to happen after the Bollinger Bands went narrower after each candlestick, this pair has went bearish in accordance to the MACD indicators (as mentioned in previous post as well). Lets look at the daily chart below.
Daily Chart
This pair...
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EUR/USD Updates
December 27 | Posted by yeijen | Forex Trading Analysis and News
Daily Chart
The market has been moving sideways for the past few days. This indicates that traders are either unable to make a decision in their trade or simply waiting for certain big news. When the market moving sideways, we may need to add in the Bollinger Band indicator. Check the 4-hour chart below.
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EUR/USD Bullish movement!
December 20 | Posted by yeijen | Forex Trading Analysis and News
Daily Chart
Referring to my previous post, it looks like the market is not testing the support line at 1.2900 but went bullish to the previous orange support line (now officially became a resistance line). Upon hitting the resistance line, it rebound and went back downwards approximate 50pips. As it is difficult to see where the...
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EUR/USD Retest of Support
December 19 | Posted by yeijen | Forex Trading Analysis and News
Daily Chart
Referring to previous post, the price did rebound after hitting 1.2950. (my indicated support line is at 1.2900) After went bullish for approximate 110pips, this pair has went bearish as of today. It looks like it is going to test the support again for the 2nd time.
If it is going to test the support,...
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EUR/USD Strong Bearish!
December 14 | Posted by yeijen | Forex Trading Analysis and News
Daily Chart
Referring to my previous post that this pair would break the orange support line, it looks like it has already broke it and went further bearish. The next possible support lies at 1.2900. Please refer to the daily chart below.
Daily Chart
The market is currently heavily oversold. From here we...
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EUR/USD Updates
December 13 | Posted by yeijen | Forex Trading Analysis and News
Daily Chart
As mentioned previously that this pair still going downtrend, it has already broken its previous low. It tried to break further lows at the orange support line twice but failed. This has showed that a strong support is around the area. The MACD show that the price may further go downwards plus the unsolved...
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EUR/USD Updates
December 9 | Posted by yeijen | Forex Trading Analysis and News, Forex Trading Articles
Daily Chart
Referring to my previous post, it looks like this pair rebound was greater than I expected. This pair rebound after hitting the blue support line and rebound again after hitting the purple resistance line. It looks like the market never forget about the previous resistance and support. I have drawn these lines like almost...
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EUR/USD Rebound!
December 8 | Posted by yeijen | Forex Trading Analysis and News
Daily Chart
As mentioned in my previous post, this pair rebound after hitting the blue support line. Check out the daily chart above. The blue support line is at 1.3290 and this time of writing, the price stand at 1.3324 which is >30pips. This is not an active trade. It is just for analysis and learning...
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EUR/USD Strong Bearish!
December 8 | Posted by yeijen | Forex Trading Analysis and News
Daily Chart
As mentioned in my previous post that this pair still going downtrend, this pair has gone strong bearish for more than 10opips as of today. Let’s see if the blue support line can hold them back. This blue support line was being used in my previous analysis. However as it still a possible support...
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