Archive for January, 2012

EUR/USD Updates

January 9 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
This pair has broken the support line at 1.2730 and went further down to 1.2670 before went up to 1.2730 again at this moment of writing. The pink support line was inaccurate whereby the orange support line was the correct one. The market responded to the 1.2670 support and now hovering... Read more

EUR/USD Support Line broken and again strong bearish for the day

January 5 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
As mentioned previously, further attempts has finally broken the support line with a strong bearish for the day. The MACD continue to show bearish signs and therefore, the market could go further bearish this week.
Daily Chart
The next possible support line now lies at 1.27300 (purple line). Lets monitor…. ... Read more

EUR/USD Strong Bearish after Strong Bullish yesterday!

January 4 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
This pair went from strong bullish to strong bearish and all gains lost the very next day. Looking at the green line and the first circle on the left, the previous low has become the new high (the circle on the right). Well there are actually a lot of support and resistance lines in... Read more

EUR/USD Updates

January 3 | Posted by yeijen | Forex Trading Analysis and News

4-Hour Chart
Refer to my previous post, the market did broke the support line and went down approximate 40pips before went strong bullish ahead. That was kind of fake breakout. That is why I said I would rather sit back and watch how the market goes. As for now, lets continue to look for further opportunities… ... Read more