Search results for Forex Hound Analysis Team
USDCHF has already tested the resistance area around 1.1400 on Thursday and Friday but failed to push through, now we are looking at a perhaps third attempt to print a new high and close above. The pair is trading above a significant support at 1.12
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GBPUSD has moved slowly higher along the support trendline on Friday and in early Asian trading hours this week; the triangle is intact and a break outside this pattern could be the signal we've been waiting for. Looking carefully at how price actio
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The pair has retraced nicely after the 1.2330-1.3300 move, it reached the 50%Fibonacci line yesterday and after a quick bounce it pushed lower closing in on the 61.8 Fib where we can expect at least the same; so, we're looking for a bounce around th
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The Euro is trading lower against the U.S. Dollar this morning despite fears that the U.S. recession will be longer and deeper than originally forecast.
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Swissy failed at the first attempt to break above the 1.10 resistance level and retraced to retest the 1.09 support area; we have marked on the chart the two trendlines that signaled the latest move higher and also mark the closest support. For the
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USDJPY broke under the 108.50 support area and in a swift move yesterday got as low as 107.60 before jumping back up on news coming out of Japan and retesting the now resistance 108.50. We expect this resistance to hold and push the pair l
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Look for a lower trade today as the EUR USD should continue to feel selling pressure as traders are shunning the higher yielding, riskier Euro. Expectations that the recession affecting the Euro Zone will continue to deepen is driving traders to the
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GBPUSD has slowed down this month, compared to August, and traded top to bottom in a 600 point range; it retraced from the September 11th low at 1.7440 to the 61.8 Fibonacci Line of the 1.8800 -1.7440 push down. Forming a doji like candle o
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After reaching our target at 1.1350 the pair is now testing a resistance level formed by lower lows around the 1.3575/80 area that turned the last 24 hours price action into a triangle. Breaking above the lower line of the triangle is a nice short o
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GBPUSD jumped on Friday over 300 points from the 1.8000 support zone up to the 1.8400 level, the move came after we saw a good decline in the morning and came as a bit of a surprise for us. The pair is now consolidating just under the 1.8400 high an
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EurUSd has formed a perfect triangle on the 4hours charts over the last couple of days, clearly marking the 1.3740 resistance level and a series of higher lows. This can turn into a very good risk:reward trade, all we have to do is wait for a break
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EURUSD jumped higher after Sunday night open, pushed by the news coming out of the US. Showing a first sign of having formed a short time base above the 1.4200 on Friday the pair managed to move over 200 points in just a couple of hours to reach the
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The week started with significant USD weakness on all majors and that has pushed GBPUSD much higher than we expected, the pair is trading now close to the resistance trendline that marks a bullish channel. We still look for a retracement to happen,
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After failing to push thorugh 1.4800 EURUSD has started to give back some of the gains it made in its spectacular move last week; the pair is trading just under the 1.4700 level and the first sign of support is at 1.4600 where we have the 61.8 Fibon
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EURUSD (and the other majors) is still trading inside a consolidation range between 1.4650 and 1.4950. On the larger timeframes (daily, weekly) we can see the pair reached the support trendline connecting a higher highs starting early 2006 so a cons
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USDCHF has traded above and below an upsloping trendline connecting higher lows and higher highs, and has found resistance/support at parallel trendlines thus trading inside a small bullish channel since the beginning of the month. Opening long posi
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EURUSD has pushed nicely higher, forming new highs and higher lows after bouncing from what look to be a small double bottom at 1.2330. On the way down from 1.3000 to 1.2300 and so far in the last couple of days EURUSD is moving i
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USDCHF has slowly moved higher retesting the trendline it broke on September 22 when we had a big bearish move; with all this volatility in just about all capital markets around the globe USDCHF respected a down sloping trendline connecting the year
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The H&S pattern is clearly visible on the 4 hour chart below, the pair formed a lower low and found resistance at the 1.3775 area and now it should form the right shoulder, one could try to pinpoint the new low and start a long position but
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