Razvan

Razvan

A symmetrical triangle was drawn on the EURUSD 60 mins chart. At this point there is an equilibrium. The triangle (theoretically) signals a continuation of the previous trend, while fundamentals are still favoring a fall. I say it could be better to wait for a confirmation. An up break could trigger a rally to 1.3664 (first target), while a down break could signal...

Razvan

After a serious fall, the price action is now signaling a rally for the European single currency. The Falling Wedge, accompanied by the positive divergence on the 14 RSI, will be confirmed by a breakout above the upper line. My targets will be 1.36 and 1.3630.

Razvan

It seems that Draghi didn't do enough to get the Euro lower. Buyers pushed it back to 1.3700. Here we have a pretty good intermediate resistance area. A broke above the upper line of the channel could trigger another fast rally to 1.3750, while a false breakout or a rejection from here would signal a drop back to 1.3660 or lower.

Razvan

The EURUSD seems to me a little bit boring. The 100 - 200 EMA Area is acting very well as a resistance. Here the price has drawn a symmetrical triangle. A break above the upper line would trigger a rally to 1.3665, while a break bellow the lower line could trigger a fall back to 1.3500. (I will keep my eyes for a false breakout above and a fast drop to 1.3550)

Razvan

Something doesn't look quite right to me at this point. The price of the EURUSD currency pair did not managed to break 1.35 support. A positive divergence was created on a 28 period RSI. These are positive signals, if the price will manage to break again above 1.3550, I believe that the 200 ema on a 4 hours chart could be retested. I will remain slightly bullish...

Razvan

Investors are holding the support at 1.3585. Inflation dropped at 0.5% (0.7% estimate) and unemployment rate dropped at 11.7%. From the TA perspective I saw an descending triangle. A break bellow the support would clearly be a negative signal for the future price action. For the moment I am still waiting for stronger signals - When in doubt, better stay out!

Razvan

As I said in my last analysis, there are some bullish signals here. For the moment I am glad I waited and didn't short at breakout bellow 1.3600. I thought it would be a false breakout, and for the moment I avoided a loss. I really hope it will move higher....Did you go short?

Razvan

I know that we all shout that the Euro is doomed to fall because of the new monetary policy that the ECB might adopt on 5th of June. But I will keep my eyes open for a break above the upper line of a Falling Wedge, and above the 200 ema on a 60 min chart. There is enough time for a corrective move before falling again. EURUSD has a very good support at 1.3600/10,...

Razvan

The Euro has reached 1.3670 and spiked up last hour. A break bellow 1.3640 could trigger a fall back to the previous lows.

Razvan

The EURUSD is now walking on a thin rope. My technical analysis tells me that it is still a high probability to see a bounce from this area. It is true that fundamentals are signaling bearish. So careful careful careful!! I believe that only a break above the "holy" 1.3730 would trigger a bigger rally, while a drop bellow the 200 EMA would clearly be a bad signal...

Razvan

At this point it is pretty clean and simple. AUDUSD has drawn a Double Top pattern which could signal a steeper drop for the Australian dollar. The price pattern will be confirmed when the price will break the base line. Fundamentals are not that good for Australia. Westpac Consumer sentiment dropped, Iron ore at September 2012 lows, China is not importing that...

Razvan

For the moment I believe that this bounce will continue towards 1.3800, especially if 1.3730 will fall.

Razvan

I believe that for the moment the signals are clear, bears won. A confirmation would come with a close below the line of the Rising Wedge. Guys I am doing a survey on some general stuff regarding trading. I did not find, so I am willing to invest some time in making some statistics which will help amateurs what is important for a trader to do. Please help me by...

Razvan

It looks like the EURUSD has drawn a bearish Flag. If the price will break 1.3752 I expect a continuation of the down trend.

Razvan

Look at this beautiful price action. The price is pressuring on the trend line of a down channel and the base line of an Inverted Head and Shoulders. If it will manage to break and close above this area we could expect a rally to 0.8527, where it will find the price pattern's target. A false breakout here could only signal a continuation of the down trend.

Razvan

Will ECB take any action today and bring the euro down, or will let it burst above 1.4000. From the technical point the price has drawn a Rising Wedge which broke the down trend line. This along with the negative divergence on the 28 periods RSI give a strong sell signal. A break below the lower line of the pattern would be a good confirmation for the signal. If...

Razvan

Wheeler, RBNZ chairman, said that the kiwi got strong despite New Zealand's fundamentals. A strong NZD could bring problems to the country's economy and the central bank might start selling some $N. The currency reacted pretty fast and fell back under 0.87. From the technical point of view we can see a very good resistance at 0.8743 and a negative divergence on...

Razvan

:) It looks like Bulls are not done yet. The price found a very good support at 1309$ per ounce and now is hesitating. A break above 1316 would be a bullish signal and the rally might target 1330, while a drop below the support would signal a fall.