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)
- Wednesday’s Technical Analysis For: DJIA (.DJI) - October 7, 2015
- Wednesday’s Technical Analysis For: Gold (GLD - October 7, 2015
- Crude Oil Trading Higher Ahead Of Supply Data - October 7, 2015
- US Fed Working To Maintain Fed Funds Rates At Zero+ - October 7, 2015
- Forex Technical Analysis For: EUR/USD (Daily) - October 7, 2015
Trade FX, Equities and Options with the World's Leading Platform Open an account here , call us at 305 4904 116, or email us to get started.
Wednesday's Technical Analysis For: DJIA (.DJI) $DIA US30 Index (DJIA) ... read more
Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD The EUR/USD ... read more
Wednesday's Technical Analysis For: Gold (GLD) $GLD Spot Gold closed ... read more
F1: Red Bull, Its Not Too Late To Rescue 2016 ... read more