Fx Charts

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…

The information contained herein is solely for informational purposes. Any charts and other opinions constituting the information contained herein are, and must be construed solely as statements of opinion and not statements of fact, recommendations an…

FXstreet.com (Barcelona) – The Euro is pushing higher on early European session and, after having bounced at 1.2800 support area, the pair trades right at 1.2870 session high, approaching 1.2885 which according to Carol …

With the FOMC rate decision scheduled to be released tomorrow, I will not look to take on any new positions. However, I am keeping a close eye on the EUR/USD as price action remains confined by narrow …