Fx Charts

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 …

The EUR/USD continues to move down strongly off of the highs of December 2009. The series of lower highs and lower lows means downtrend and to continue to look for selling opportunities. I would maintain that bearish …

The daily chart of the EUR/USD continues to show a strong downtrend which means to look for selling opportunities. On this hourly chart we can see a series of higher highs and higher lows which notes the correction up …

The EUR/USD has not changed much in the last 24 hours, so we should assume that the downtrend is still in place. This current series of higher lows and higher highs while the daily chart shows a downtrend represents a …

A daily chart of the GBP/USD shows a series of lower highs and lower lows which means a downtrend. Although not as strong of a move down as we have had in the EUR/USD, the GBP/USD is certainly reflecting current European …

For example, if you look at charts 2 and 3 below, you’ll notice that the EUR/USD, which moves in the same direction as the S&P 500, turned down December 4th 2009 nearly 7 weeks before the S&P. That wasn’t enough of an indicator by itself, but the …

Since then the pair displays sideways tendencies in the 15-minute charts. The EUR/USD finds support at 1.3376 and resistance is at 1.3452. The pair is slightly bullish. The dollar rose on the back of positive housing data from the US.

The EUR/USD on the four-hour charts is trading in an overbought area as supported by the momentum indicators while the pair is currently trading at 1.3783 between the support of 1.3715 and the resistance of 1.3830. The pair is bullish while so far …