Fx Charts

Written by pipsfx   Hi Guys,   I am pipsfx and I started trading at eToro on 18 February 2012.  To date, I have about 230 copiers and I want to share some tips on maximizing profit.   Basically this is my strategy for when I believe tha…

Written by John057   Dear Traders,   I would like to share my technical analysis on the EUR/USD 4h chart. As you know, on Monday, I had written an article on EUR/USD with a technical analysis and I gave you a bullish target at 1.3422, which c…

Written by John057   As I explained in my previous EUR/USD Article, on Friday, the rate broke up a rising wedge resistance (in yellow) and it is going to reach its target of 1.3323. We had many good indicators encouraging the rise, although we are und…

Hourly studies are close to overbought levels but our 1.3000 stop is very close. Daily charts have peaked in overbought territory and begin to roll lower again. On the downside the 10-day MA is key around 1.2800.”

Coupled with this daily charts are overbought and showing tentative signs of rolling over. We have altered our strategy to sell a 21-day MA break but keep stops tight.”

Coupled with this daily charts are overbought and showing tentative signs of rolling over. We have altered our strategy to sell a 21-day MA break but keep stops tight.”

May 4th brought our current yearly high, residing at 1.4938. Since this point on our chart, the EUR/USD has steadily moved to lower lows indicative of a downtrend. Today’s price action has taken the pair below the previous low of 1.3144 …

Getting deeper into the Asian session, the market is in a declining support. – The RSI in the 1H chart is breaking below 40, and killing the short-term bullish momentum we established last week. A reading below 30 returns the market to bearish momentum…

The chart below shows the Fibonacci extension and how the EUR/USD pair could unfold over the coming days, off of the April 23 Low at 1.3968, the June 7 High at 1.4695 and the extension to the July 12 Low at 1.3836. Trading Tip – The EUR/USD pair was …

EUR/USD is moving inside the very Clear Triangle chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the average 5 bar level due to the following values of the individual Quality…