Forex Technical Analysis: EUR, JPY, CHF, GBP
|The EUR/USD continued Bullish momentum Wednesday topping at 1.1186.The bias is Bullish in near term for a test at 1.1280.1st support is seen at 1.1040. A clear break below that mark could push price to Neutral in here, any Southside pullback is normal and should be seen as a good buying opportunity.
The GBP/USD continued its Bullish move Wednesday topping at 1.5497.
The bias is Bullish near term for a test at 1.5550.
1st support is seen at 1.5350. A clear break below that mark could push price to Neutral in here and test 1.5280, but any Southside pullback is normal and should be seen as a good buying opportunity.
The USD/JPY was volatile but indecisive Wednesday.
The bias is Neutral near term. The probable daily range is seen between 119.50 – 118.50.
Overall the price is sideways without clear direction.
Standing aside waiting for direction.
The USD/CHF had a strong Bearish move Wednesday, as it broke below Ke support at 0.9490, and bottomed at 0.9339.
The bias is Bearish near term testing 0.9250.
1st resistance is seen at 0.9440. A clear break above that mark could drive price to Neutral for a test at 0.9490, any Northside move now should be seen as a good sell opportunity.
HEFFX was a big winner during the FOMC triggered turmoil, the Private Fund and managed accounts saw spectacular returns, those following the HEFFX alerts and participating in our open dialogue at Trading Street
After finding a trading system that works for you, the more cryptic and esoteric fields of study can then be incorporated into your technical and trading toolbox.The bottom line when utilizing any type of analytical method, technical or otherwise, is to hold to the basics, which are methodologies with a proven track record over a long period.
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technical trader.
We have some big trades lined up for this week so join us in the Live Trading Room, Trade Sukuks, Treasuries, FX, Equities and Options with the World’s Leading Platform Open an account here, call us at 305 490 4116, or email us to get started. Join the Live Trading Room
Latest posts by Paul Ebeling (see all)
- Forex Technical Analysis For: EUR/USD (Daily) - December 1, 2015
- Chicago Agriculture Commodities Finished Mixed - December 1, 2015
- 4 Fundamentals Of Workplace Automation - December 1, 2015
- Expect RMB Yuan SDR Inclusion To Reflect China’s Bigger Role In World Financial System - December 1, 2015
- Some Really Good Reasons To Become A Fan Of F1 Racing - December 1, 2015
Trade FX, Equities and Options with the World's Leading Platform , call our trade desk 631 482 0376, or contact us to get started.
Chinese factory activity weakened further in November, data indicated Tuesday, ... read more
Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR/USD ... read more
Tuesday's Technical Outlook For Gold (GLD) $GLD Gold inclined in ... read more
Some Really Good Reasons To Become A Fan Of F1 ... read more