一个笨蛋的股指交易记录-------地狱级炒手

hefeiddd · 发表于 2009-4-8 09:50

Latest Entries
October 13, 2008 - USD/CHF Daily ChartMonday, October 13, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; horizontal support/resistance levels in yellow; 50-period simple moving average in light blue.)
10/13/2008 –USD/CHF – Recent price action on the USD/CHF, a daily chart of which is shown, appears to have exhausted much of the upward momentum that has characterized this pair in the last several weeks.
Currently, we are seeing the beginnings of what may be a downturn after price was rejected at a confluence of two resistance factors. One of these factors is the top of a rough parallel uptrend channel (marked “A”). The other factor is the historical support/resistance offered by the 1.1485 region (marked “B”).
Oscillators like the displayed Stochastics, which are emerging unmistakably down from overbought, are lending strength to a bearish outlook for the pair. In the event that a bearish move plays out, the first key support to the downside resides around the level of the last swing low (in the 1.1125 region). To the upside, the aforementioned 1.1485 level should continue to serve as resistance going forward.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:27 | Comments (0) | Trackbacks (0)

October 10, 2008 - USD/CAD Daily ChartFriday, October 10, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; horizontal support/resistance levels in yellow; 200-period simple moving average in light blue.)
10/10/2008 –USD/CAD – As of Friday mid-session in New York, recent dramatic bullish moves on the USD/CAD (a daily chart of which is shown), have shot price up past several key resistance zones, reaching all the way up to the major 1.1970-2.000 resistance region before finally backing off. This level represents close to a 3-year high in the pair.
As of Friday noon in New York, price continues to look and act in somewhat of a bullish manner, although the pair is technically well-overbought. Any subsequent rally that breaks out above the important 1.2000 level, which could be a distinct possibility, may eventually target a significant support/resistance level to the upside around the 1.2230 region. Any bearish retracement in the remarkable bull run of the last couple of weeks, on the other hand, should find substantial support around the 1.1570 area.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:49 | Comments (0) | Trackbacks (0)

October 9, 2008 - EUR/USD Daily ChartThursday, October 9, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart patterns in yellow; horizontal support/resistance levels in yellow; 50-period simple moving average in light blue.)
10/09/2008 –EUR/USD – Within the past few days, a tight consolidation on the EUR/USD (a daily chart of which is shown) has formed a rough inverted flag pattern. The flagpole represents the massive drop that has occurred in the pair within the last two weeks. Three subsequent bars after the sustained plummet represent a slightly bullish consolidation/correction that strongly hints at indecision in the market.
Watch for any strong, sustained breakout below the lower border of the flag, which would fulfill the flag’s common role as a continuation pattern. In this event, strong support to the downside, below the entire flag, resides around the key 1.3350 historical support/resistance region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 08:45 | Comments (0) | Trackbacks (0)

October 8, 2008 - USD/JPY Daily ChartWednesday, October 8, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance levels in yellow; 50-period simple moving average in light blue.)
10/08/2008 –USD/JPY – It is no secret that the yen has strengthened dramatically in the last few days, as shown on the accompanying USD/JPY daily chart.
After retreating from a significant downtrend resistance line (marked “A”), price has dropped all the way back down slightly below the support offered by the long-term downtrend line (marked “B”), which originally served as resistance before a breakout occurred in June. In the process, the pair has tentatively broken down below the key 100.00 level (marked “C”), and reached all the way down to the 98.50 support level (marked “D”) before bouncing back up again.
Any further bearish price action below this 98.50 level should eventually target the key 95.75 support level (marked “E”). In the event of a significant upward correction, on the other hand, the key 102.50 region should serve as strong resistance to the upside.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:08 | Comments (0) | Trackbacks (0)

« previous page (Page 26 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 09:53

Latest Entries
October 7, 2008 - AUD/USD Daily ChartTuesday, October 7, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; horizontal support/resistance levels in yellow; Fibonacci Retracements in grey; 50-period simple moving average in light blue.)
10/07/2008 –AUD/USD – After having plunged over 700 pips within a single 24-hour period, price action on the AUD/USD daily chart, as shown, has currently begun consolidating within a limited range, as of Tuesday mid-session in New York. The plunge that occurred yesterday broke swiftly below several support/resistance levels and finally came to a halt precisely on the 0.7000 figure, a key psychological level that also represents historical support/resistance.
Oscillators like the displayed Stochastics are showing momentum as severely oversold and starting to point back up, suggesting a possible exhaustion in the bearish run. Currently, price is stuck in between two key support/resistance levels – the aforementioned 0.7000 level to the downside and the 0.7400 level to the upside, both denoted on the chart by yellow horizontal lines. This span can be range traded near extremes if the consolidation continues, or monitored for any potential breakout situations.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:00 | Comments (0) | Trackbacks (0)

October 6, 2008 - GBP/USD Daily ChartMonday, October 6, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance level in yellow; 50-period simple moving average in light blue.)
10/06/2008 –GBP/USD – The continued plummet on the GBP/USD daily chart, as shown, has just made a new two and a half year low on this key pair. In the process, price has broken one major support level after another, including an important recent support level around the 1.7450 region. At this point, there appears to be very little in the way of a definitive bottom in sight.
Although oscillators like the displayed Stochastics are heavily oversold, in a trending situation like what we are seeing now this oversold indication could be in effect for quite some time while price potentially continues its sharp plunge. Even with the inevitable minor retracements and consolidations, in the event of a downward continuation two historical support/resistance levels reside relatively nearby to the downside. The closest is in the 1.7230-1.7250 zone. Below that is the 1.7050 support region, which was last hit in late 2005.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:50 | Comments (0) | Trackbacks (0)

October 3, 2008 - USD/CHF Daily ChartFriday, October 3, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; horizontal support/resistance levels in yellow; 50-period simple moving average in light blue.)
10/03/2008 –USD/CHF – Price action on the USD/CHF daily chart, as shown, has just hit resistance at the level of the last major swing high, before retreating back down. This significant resistance level has been established at around the 1.1415 region.
Oscillators like the displayed Stochastics, which are beginning to point down from oversold, are hinting at a waning of upward momentum after the latest 700+ pip run. A continuation of this downward correction could target immediate key support around the 1.1100 region.
Any subsequent breakout above the aforementioned 1.1415 level, on the other hand, could target clear further resistance around the strong 1.1600 support/resistance area.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 14:09 | Comments (0) | Trackbacks (0)

October 2, 2008 - EUR/USD Daily ChartThursday, October 2, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance levels in yellow; 50-period simple moving average in light blue.)
10/02/2008 –EUR/USD – Extremely bearish price action on the EUR/USD daily chart, as shown, has plunged a total of more than 1000 pips since the latest bear run began on September 23. The current drop has essentially been unidirectional, with little in the way of retracement or consolidation. This drastic plummet is reminiscent of the large drops that began in late July and late August.
As of Thursday morning (New York session), price has broken down below the last support level at 1.3880, which suggests that the overall downtrend of the last three months could still be in full force. Continued general bearish price action, even if minor retracements and/or consolidation enter into the picture, could target further key support around the 1.3550 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:20 | Comments (0) | Trackbacks (0)

« previous page (Page 27 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 09:54

Latest Entries
October 1, 2008 - NZD/USD Daily ChartWednesday, October 1, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend lines in red; horizontal support/resistance level in yellow; 200-period simple moving average in light blue.)
10/01/2008 –NZD/USD – Price action on the NZD/USD daily chart, as shown, has bounced up off of a significant downtrend line (marked “A”) in what appears to be a pullback move after price broke out above the line on 9/19/2008 and subsequently reached up to a key 38.2% Fibonacci retracement level. This breakout-pullback formation could be hinting at a possible continuation to the upside in the direction of the original break.
To confirm such a move would necessitate a breakout above the swing high that was reached after breakout, around the 0.6950 level. This price level also serves as the next key resistance to the upside if price carries further bullish momentum going forward. On the downside, the aforementioned downtrend line should continue to serve as support where it originally acted as resistance before breakout. Further strong support resides around the key 0.6440 historical support/resistance level.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 01:59 | Comments (0) | Trackbacks (0)

September 30, 2008 - GBP/USD Daily ChartTuesday, September 30, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance level in yellow; 50-period simple moving average in light blue.)
9/30/2008 –GBP/USD – Price action on the key GBP/USD pair (a daily chart of which is shown) has been in strong bearish mode since the beginning of the week as the dollar has strengthened across the board. This has manifested itself into what is appearing to be a continuation of the downtrend that has been in place since late-July. Momentum on this pair still appears to be unmistakably down, with little in the way of a strong bottom in sight.
Price has broken down below support barrier after support barrier, including several significant Fibonacci levels. Currently, as of Tuesday mid-morning in New York, fast-moving price-action has moved down below a key 61.8% Fibonacci level, and any continued bearish momentum could now target the major support that resides first around 1.7750, and then eventually around the 1.7450 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 12:26 | Comments (0) | Trackbacks (0)

September 29, 2008 - USD/JPY Daily ChartMonday, September 29, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance level in yellow.)
9/29/2008 –USD/JPY – Price action on the USD/JPY daily chart, as shown, has just reached up to a key downtrend line (represented by the short red line), and then subsequently bounced down considerably off this line, respecting its resistance once again. This last touch is at least the fourth time in the line’s existence that price has respected its boundary, and the line should continue to serve as resistance at least for the near-term.
To the downside, as of Monday morning (New York session), price is currently approaching both an uptrend support line and a significant horizontal support/resistance line that are converging around the 103.70-104.00 price region. A breakdown below this support zone should hit further support around the 102.50 level.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:54 | Comments (0) | Trackbacks (0)

September 26, 2008 - GBP/USD 4-Hour ChartFriday, September 26, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; 200-period simple moving average in light blue.)
9/26/2008 –GBP/USD – Price action on the 4-Hour GBP/USD chart, as shown, is currently languishing in somewhat of a sideways consolidation, much like other major currency pairs.
As of Friday morning (New York session), price has been hugging a relatively well-defined uptrend support line (in green) after falling down off of a significant downtrend resistance line (in red). This downtrend line should continue to serve as resistance in the event of a pronounced bounce up off the current uptrend support.
In the event of a breakdown of the current consolidation, below the uptrend support line, key immediate support to the downside resides around the 1.8260-1.8270 zone.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:02 | Comments (0) | Trackbacks (0)

« previous page (Page 28 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 09:54

Latest Entries
September 25, 2008 - EUR/USD Daily ChartThursday, September 25, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance lines in yellow; 50-period simple moving average in light blue.)
9/25/2008 –EUR/USD – Price action on the EUR/USD daily chart, as shown, is currently in somewhat of a consolidation mode, seemingly undecided as to the next directional push. The parallel green lines on the chart show that price has bullishly begun to form a steep uptrend channel, having just hit the top of this channel a few days ago before retreating. Any continuation of this downward pullback should find solid support at or near the bottom of this channel, currently around the 1.4400 region. Overall, however, there is somewhat of a bullish technical bias to this key pair. Even with intermediate pullbacks and consolidation, price could eventually continue its climb towards the major resistance target around the 1.4960-1.5000 region. Not only does this resistance zone represent key prior resistance where price turned abruptly in the past, but it also represents a major 50% Fibonacci retracement level (the high-to-low retracement span being measured from the high reached on 7/15/2008 to the low hit on 9/11/2008).
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:11 | Comments (0) | Trackbacks (0)

September 24, 2008 - AUD/USD Daily ChartWednesday, September 24, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; chart pattern in magenta; 50-period simple moving average in light blue.)
9/24/2008 –AUD/USD – Price action on the AUD/USD daily chart, as shown, has formed a pennant consolidation pattern that has followed immediately on the heels of a key downtrend resistance line breakout last week. The current pennant formation on the daily chart is represented on the chart by the magenta lines. In the event of a significant breakout above the upper border of this pennant, a potential upward continuation will have been signaled, and the next immediate resistance level to the upside resides around the top of the pennant. In turn, a strong break above the top of the pennant would confirm an uptrend continuation, potentially targeting the 0.8700 resistance region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:19 | Comments (0) | Trackbacks (0)

September 23, 2008 - USD/CAD 4-Hour ChartTuesday, September 23, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; 200-period simple moving average in light blue.)
9/23/2008 –USD/CAD – Price action on USD/CAD (a 4-Hour chart of which is shown) has been approaching a confluence of support offered by two trendlines. This support occurs within the context of a rough, upward-consolidating wedge pattern (represented on the chart by the two converging green lines).
The first support factor is provided by the bottom trendline of the wedge. The second support factor is the red downtrend resistance line which should now act as support after it was broken to the upside early last month. This coming together of two support factors currently resides approximately around the 1.0250 region.
Oscillators like the displayed Stochastics, which are well in oversold territory and pointing up, are supporting a potential bounce back up at or near support, towards the upper part of the wedge. This bounce may have already begun to occur as of Tuesday. In the event of an eventual breakdown below the current confluence of support, on the other hand, price should target key psychological support around the 1.0000 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 13:05 | Comments (0) | Trackbacks (0)

September 22, 2008 - USD/JPY 4-Hour ChartMonday, September 22, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; Fibonacci retracements in grey; 200-period simple moving average in light blue.)
9/22/2008 –USD/JPY – As shown on the accompanying USD/JPY 4-Hour chart, price action has recently formed a relatively well-defined downtrend resistance line (represented on the chart by the red line), with at least three or four touches thus far.
After the latest run-up to this line (between the recent low of 103.97 to the recent high of 108.00), price retraced to about 50% of the move (as shown on the chart by the Fibonacci retracement levels) before pulling back up a bit. In the event of a continuation of this upmove, clear resistance to the upside resides around the aforementioned downtrend resistance line, currently around the 107.75 region.
A continuation of the latest bounce down off that downtrend resistance line, on the other hand, should target strong support around the 104.00 region, which is the approximate level of the last major swing low.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:10 | Comments (0) | Trackbacks (0)

« previous page (Page 29 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:26

Latest Entries
September 19, 2008 - GBP/USD Weekly ChartFriday, September 19, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance levels in yellow; 50-period simple moving average in light blue.)
9/19/2008 –GBP/USD – Price action on the long-term GBP/USD WEEKLY chart, as shown, is currently approaching a key level in its current upward correction.
This level (marked “A” on the chart) is the 1.8500 region, and it represents not only a key psychological price zone where price has turned several times in the past, but also where a major 38.2% Fibonacci retracement level resides (the high-to-low retracement span being measured from the high reached on 7/15/2008 to the low reached on 9/11/2008).
This 1.8500 level therefore represents strong current resistance to the upside, a strong breakout of which should indicate a major change in trend. The weekly Stochastics, as shown, are supporting this move towards resistance, as the oscillator is pointing unmistakably up from extremely oversold. A move back down, on the other hand, should meet significant support around the 1.8100 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 16:17 | Comments (0) | Trackbacks (0)

September 18, 2008 - USD/CAD Daily ChartThursday, September 18, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; 200-period simple moving average in light blue.)
9/18/2008 –USD/CAD – USD/CAD (a daily chart of which is shown) has once again reached a critical juncture. Price has reached up to and stalled at a significant resistance point right at a key long-term downtrend line (represented on the chart by the red line). This downtrend resistance line has been touched at least five times over the last five-and-a-half years.
In the event of a pronounced bounce down off this resistance, major support resides around the 1.0400 region. Any strong breakout above this trendline with significant momentum, on the other hand, should target further resistance around the price region surrounding the 1.0900 level.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:16 | Comments (0) | Trackbacks (0)

September 17, 2008 - USD/CHF Daily ChartWednesday, September 17, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; 50-period simple moving average in light blue.)
9/17/2008 –USD/CHF – Within the context of the up-and-down consolidation in the majors in the last few days, the USD/CHF pair (a daily chart of which is shown) has been bouncing between two significant support/resistance factors. On the upside, dynamic resistance resides around the steep uptrend line that the pair broke down below earlier this week (support becomes resistance).
On the downside, there is a rather significant horizontal support/resistance level around the 1.1050 level, where price stalled and turned up almost precisely in the last two days. This level also acted as a resistance level previously. Currently, as of this writing, price is high in the consolidation range.
Barring a fundamentally-driven breakout back above the steep uptrend line, price is technically presenting somewhat of a bearish bias, potentially targeting support at or near the abovementioned 1.1050 region. If a breakout above the trendline occurs, on the other hand, strong resistance resides around the recent high in the 1.1415 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 12:25 | Comments (0) | Trackbacks (0)

September 16, 2008 - EUR/GBP Daily ChartTuesday, September 16, 2008

9/16/2008 –EUR/GBP – Price on the key EUR/GBP cross (a daily chart of which is shown) has just made a pronounced bounce almost precisely off the significant uptrend support line that has been in place for at least a year now. This line is represented on the chart by the green line. From a technical perspective, this dip (or corrective pullback) to the uptrend line might have been expected, especially after price over-extended itself by hitting a decade-long historical high (around 0.8185) just a couple of weeks ago.
Any continued upmove off the current trendline bounce should once again target strong resistance at this historical high. Oscillators like the displayed Stochastics, which are beginning to turn up from extremely oversold, are lending some potential strength to a bullish outlook on the bounce. A near-term turn and subsequent breakdown of the trendline, on the other hand, should target immediate further support around the 0.7800 region, which is the level of the last swing low pullback to the uptrend line.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:57 | Comments (0) | Trackbacks (0)

« previous page (Page 30 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:27

Latest Entries
September 15, 2008 - AUD/USD Daily ChartMonday, September 15, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; 200-period simple moving average in light blue.)
9/15/2008 –AUD/USD – As of Monday morning (New York session) price action on the AUD/USD daily chart, as shown, has continued to respect the steep downtrend resistance line that has been in place since late July. This is despite a slight poke above the line that occurred in the early hours of Monday’s trading. Any downward continuation of the pullback to resistance should meet strong support around 0.7900, the level of the last swing low.
If price subsequently breaks down below that support level, a continuation of the steep downtrend will have been confirmed, and the next immediate support level below that resides around the 0.7800 level, which is where the long-term uptrend support line is currently located. On the upside, the steep downtrend line should continue to serve as resistance for the short-term. Any strong break and close above this line should initially target the 0.8350 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 08:36 | Comments (0) | Trackbacks (0)

September 12, 2008 - EUR/USD 4-Hour ChartFriday, September 12, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; 50-period simple moving average in light blue.)
9/12/2008 – EUR/USD – Price action on the 4-hour chart of EUR/USD, as shown, has progressively formed a parallel downtrend channel within the past couple of weeks. This channel has several touches on both sides, and as of Friday noon (New York session), price has reached resistance at the top of the channel once again. This represents a rather significant correction within the context of the current overall downtrend.
Any continuation of this correction via a strong breakout with a close above this channel could eventually target further resistance up around the 1.4400 region. A bounce back down at or near the downtrend channel resistance, on the other hand, should bring price back down to the 1.4000 psychological region, perhaps then targeting the bottom of the channel once again.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 12:28 | Comments (0) | Trackbacks (0)

September 11, 2008 - USD/CHF Daily ChartThursday, September 11, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; horizontal support/resistance line in yellow; 50-period simple moving average in light blue.)
9/11/2008 –USD/CHF – Price action on USD/CHF (a daily chart of which is shown) has displayed an almost unrelenting bullish acceleration recently, much like the EUR/USD and GBP/USD have displayed a seemingly unstoppable bearish bias. Currently on the USD/CHF, price has already broken out above numerous resistance barriers in its aggressive upward move of the last two months, and has formed a very steep uptrend in the process (as represented on the chart by the green line).
A retracement at least back to this steep uptrend line is well-overdue at this point, with all technical signs currently indicating severely overbought conditions. If a retracement back to the line indeed occurs, the dynamic support offered by the line currently resides around the 1.1180-1.1200 region. Any continuation of the unrelenting uptrend acceleration, on the other hand, should eventually meet strong resistance around the 1.1600 region (represented on the chart by the yellow horizontal line), which is a significant prior support/resistance level.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:21 | Comments (0) | Trackbacks (0)

September 10, 2008 - EUR/GBP Daily ChartWednesday, September 10, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart pattern in yellow; 50-period simple moving average in light blue.)
9/10/2008 –EUR/GBP – After EUR/GBP (a daily chart of which is shown) managed to reach a very long-term high last week at around 0.8185, price has corrected all the way back down to the top border of the rough triangle formation that it broke out of two weeks ago. This might be considered a possible breakout-pullback-continuation move if price subsequently makes a strong bounce back up from the top of this triangle. If this occurs, initial resistance clearly resides around the abovementioned long-term high, before any potential move towards new highs could take place.
A breakdown back into the triangle, on the other hand, should meet further support around the uptrend line (in green) that has provided support for the pair’s impressive uptrend since at least one year ago.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:53 | Comments (0) | Trackbacks (0)

« previous page (Page 31 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:28

Latest Entries
September 9, 2008 - AUD/USD Daily ChartTuesday, September 9, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
9/09/2008 –AUD/USD – As noted late last week, price action on AUD/USD (a daily chart of which is shown) has recently stalled in its virtual free fall of the last month and a half. This slight pause has occurred right above a very significant support/resistance and psychological level around the 0.8000 area (as represented on the chart by the yellow horizontal line). This level was reinforced by a close approach and bounce on Friday.
Contributing to the strength of this horizontal line is a long-term uptrend line (represented by the lower green line) that currently coincides approximately with the 0.8000 level and the bounce that occurred on Friday. Any strong breakdown below this key level would likely carry the bearish momentum to target the 0.7680 support region.
A pronounced bounce at or near the current strong support, on the other hand, could eventually target the 0.8350 resistance level once again, followed possibly by the key 0.8500 region further to the upside.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:16 | Comments (0) | Trackbacks (0)

September 8, 2008 - EUR/USD Daily ChartMonday, September 8, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance lines in yellow; 50-period simple moving average in light blue.)
9/08/2008 –EUR/USD – Price action on the EUR/USD daily chart, as shown, has pulled back up to the long-term uptrend support line that it broke on Thursday of last week. After pulling back almost precisely to the line (represented by the lower green line), which should now be serving as resistance (support becomes resistance), price retreated back down as might be expected from a technical perspective.
Any further move down on this potential breakdown-pullback-continuation should eventually hit key historical and psychological support around the 1.4000 region. Before that, however, there is some intermediate support around the 1.4125 level. Any correction back up, on the other hand, should continue to consider the abovementioned broken uptrend line as significant resistance.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 16:35 | Comments (0) | Trackbacks (0)

September 5, 2008 - AUD/USD Daily ChartFriday, September 5, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
9/05/2008 –AUD/USD – From a longer-term perspective on the AUD/USD daily chart, as shown, we can see that as of Friday morning in New York, price has closely approached and tentatively retreated from a very significant support/resistance level around the 0.8000 region (as represented on the chart by the yellow horizontal line).
This level has been tested and respected several times as resistance in past years, but not yet as support (until Friday morning’s price action).
Therefore, this is currently the key level to watch. Within the context of the remarkable plummet that has occurred in this pair for the last month and a half, price has broken numerous significant support levels on its way down. The current 0.8000 level may just be another flimsy barrier that is summarily tossed aside, or it may represent a true obstacle to the freefall. Any strong breakdown of this support level should target further key support around the 0.7680 region. A clear bounce and subsequent correction, on the other hand, could target major resistance around the 0.8500 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:00 | Comments (0) | Trackbacks (0)

September 4, 2008 - USD/JPY Daily ChartThursday, September 4, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)
9/04/2008 –USD/JPY – Trend channels on the USD/JPY pair (a daily chart of which is shown) are rarely as accurately formed as on other currency pairs. But USD/JPY channels can still do an adequate job of outlining price action and representing relevant support and resistance levels.
As we can see on the accompanying chart, before price broke out above the large, longer-term downtrend channel (represented by the parallel red lines) in June, a medium-term parallel uptrend channel (in green) had already been in the process of forming. This channel cannot yet be considered exceptionally strong, as it only has two touches on the bottom line thus far (although there are several touches on top). But currently, price is closely approaching the bottom of the channel once again.
Oscillators like Stochastics, as shown, are supporting a possible turn at or near this uptrend support. If this turn occurs, the old support/resistance level of 108.50 should serve as immediate resistance to the upside, followed eventually by the 110.60 region. A strong breakdown and close below uptrend channel support (which would currently be around the 107.00 region), on the other hand, should target key support around the 105.50 area.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:25 | Comments (0) | Trackbacks (0)

« previous page (Page 32 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:29

Latest Entries
September 3, 2008 - EUR/USD Daily ChartWednesday, September 3, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
9/03/2008 –EUR/USD – Price action on EUR/USD (a daily chart of which is shown) has finally hit the long-term uptrend support line that has been in place for at least two and a half years. Poking slightly below the line during the first half of European session on Wednesday, price has since rebounded somewhat to settle slightly above the trendline again as of early Wednesday in New York.
Any strong breakdown of the long-term uptrend line should first target immediate support in the 1.4300 region. A further breakdown below this level would signify a definitive end to the long-term uptrend, and a potential continuation of the recent freefall.
In this event, the next major support to the downside resides around the 1.4125 region. A significant rebound off the long-term trendline, on the other hand, should first target immediate resistance to the upside around 1.4570.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 11:50 | Comments (0) | Trackbacks (0)

September 2, 2008 - GBP/JPY Daily ChartTuesday, September 2, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
9/02/2008 –GBP/JPY – Price on the GBP/JPY daily chart, as shown, bounced precisely up off a significant long-term support level late on Monday. This level resides around 192.60, give or take a few pips.
Back in July 2005, this pair reached a swing low of 192.60, and then reached down to 192.57 in March of this year. Just yesterday, price descended quickly and bounced accurately off the 192.61 level. The sheer precision of this support level has been remarkable. As of Tuesday morning, price has corrected substantially to the upside after retreating from support.
Any continuation of this correction should hit additional resistance around the 196.80 region, a relatively significant prior support/resistance level. The 192.60 support level to the downside, as mentioned, should continue to act as strong support going forward.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:47 | Comments (0) | Trackbacks (0)

August 29, 2008 - AUD/USD 4-Hour ChartFriday, August 29, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; 50-period simple moving average in light blue.)
8/29/2008 –AUD/USD – Though price action on AUD/USD (a 4-hour chart of which is shown) has been consolidating recently, the overall trend is still down. The long red line displays relatively significant downtrend resistance that extends all the way back to the beginning of the recent plummet in late July.
In the beginning of this week, price broke down below a short-term uptrend support line (represented on the chart by the upper green line). The pair pulled back to the same line after breakdown, and then continued downward to form the beginnings of yet another short-term uptrend support line (represented by the lower green line).
As of this writing, price is on the verge of breaking down below this latter support line. In the event that a clean breakdown indeed occurs, the 0.8500 region should serve as immediate support to the downside. A strong breakout above the red downtrend resistance line, on the other hand, may signify a potential trend reversal, and should target further resistance around the 0.8750 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 17:31 | Comments (0) | Trackbacks (0)

August 28, 2008 - USD/CHF Daily ChartThursday, August 28, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; horizontal support/resistance lines in yellow; 50-period simple moving average in light blue.)
8/28/2008 –USD/CHF – Price on the USD/CHF daily chart, as shown, has formed a steep uptrend line (in green) within the last month and a half or so. Thursday’s bar has reached down to touch this dynamic support line once again, and then subsequently bounced up off the line. Further upward momentum on this bounce should target significant resistance around the 1.1100 region (represented by the upper yellow line), which has been tested as resistance several times this year, including just a couple of days ago.
A breakdown of the steep uptrend support line, on the other hand, should meet immediate support around the 1.0840 region (represented by the lower yellow line), and then further down at the 1.0730 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 12:06 | Comments (0) | Trackbacks (0)

« previous page (Page 33 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:30

Latest Entries
August 27, 2008 - USD/CAD Daily ChartWednesday, August 27, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
8/27/2008 –USD/CAD – Long-term price action on USD/CAD (a daily chart of which is shown) has come down decisively off the significant downtrend line (in red) that has served as resistance for at least 5 years. After retreating from this resistance line last week, price has gradually descended from the swing high.
Going forward, the red downtrend line should continue to act as resistance to the upside, while the yellow horizontal support/resistance line around the 1.0300 region should serve as immediate support to the downside. Further down, additional key support resides around the green intra-channel uptrend line. A strong breakdown of this uptrend line, incidentally, would constitute a very bearish signal that would hint at a potential prolonged drop, continuing the long-term downtrend in the pair.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 12:45 | Comments (0) | Trackbacks (0)

August 26, 2008 - EUR/USD Daily ChartTuesday, August 26, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance levels in yellow; 200-period simple moving average in light blue.)
8/26/2008 –EUR/USD – Long-term price action on the EUR/USD daily chart, as shown, has come down a long way to approach the very significant uptrend line that has served as dynamic support since at least the beginning of 2006. This long-term uptrend support line is represented on the chart by the long green line. Any further bearish price action should find strong support around this line, which is currently located around the 1.4400-1.4450 region.
Oscillators like the displayed Stochastics are just emerging from oversold territory and pointing up. Any significant turn back up between the current price and the support imposed by the long-term uptrend line should target major resistance around the 1.4900 region once again.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:44 | Comments (0) | Trackbacks (0)

August 25, 2008 - EUR/GBP Daily ChartMonday, August 25, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; chart pattern in yellow; 50-period simple moving average in light blue.)
8/25/2008 –EUR/GBP – Price on the EUR/GBP pair (a daily chart of which is shown) has reached the very top resistance line of a large symmetrical triangle consolidation that has been forming since late March. Each side of this triangle (represented on the chart by the yellow converging lines) has been touched by price around three times during the triangle’s life.
Now that price action has reached the top of the triangle once again, oscillators like the displayed Stochastics are indicating severely overbought conditions, but not yet turning down. In the event that price turns down at or near triangle resistance, clear support to the downside resides around the bottom of the triangle. A clean breakout of triangle resistance, on the other hand, should target immediate further resistance around the 0.8030 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 11:08 | Comments (0) | Trackbacks (0)

August 22, 2008 - AUD/USD Daily ChartFriday, August 22, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart pattern in yellow; 200-period simple moving average in light blue.)
8/22/2008 –AUD/USD – After the steep plunge in the first half of August on the AUD/USD (a daily chart of which is shown), price has consolidated into a rough inverted flag formation. For the time being, this consolidation may persist. But a strong break below the flag would indicate a potential continuation of the recent downtrend, as flags are generally considered continuation patterns after breakout. If this occurs, the 0.8500 region should serve as significant support to the downside. A move back up, on the other hand, should target the top of the flag consolidation once again, around the 0.8800 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:51 | Comments (0) | Trackbacks (0)

« previous page (Page 34 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:31

Latest Entries
August 21, 2008 - GBP/USD Daily ChartThursday, August 21, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; 200-period simple moving average in light blue.)
8/21/2008 –GBP/USD – Price action on GBP/USD (a daily chart of which is shown), appears to have respected and bounced up off the long-term uptrend line (represented on the chart by the long green line), after a week-long period of consolidation right at the line. This bounce hints at a potential correction after the plummet that has occurred within the last several weeks.
Oscillators like the displayed Stochastics, which are pointing unmistakably up from extremely oversold, lend some strength to the technical bias towards an upward correction. In the event that a major correction occurs in the near future, key resistance to the upside resides around the 1.9150 region. Support, on the other hand, should continue to reside at or near the long-term uptrend line.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 13:22 | Comments (0) | Trackbacks (0)

August 20, 2008 - EUR/USD 1-Hour ChartWednesday, August 20, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; 200-period simple moving average in light blue.)
8/20/2008 –EUR/USD – In what amounts to a continuing low-volatility consolidation in the major pairs, EUR/USD (an hourly chart of which is shown) has formed a short-term parallel downtrend channel. This gradual down-channel consolidation is expressing the remnants of the extreme downward momentum that has defined the pair in last several weeks.
Range-trading the current channel might be a possibility, but the height of the range is rather tight. A strong breakout to the upside of the channel, on the other hand, could potentially signal the beginnings of a long awaited correction. In this event, the next resistance to the upside resides around the 1.4850 region. If price respects the range boundaries, however, support resides at or near the bottom of the channel.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 12:25 | Comments (0) | Trackbacks (0)

August 19, 2008 - USD/CAD 4-Hour ChartTuesday, August 19, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart pattern in yellow; 200-period simple moving average in light blue.)
8/19/2008 –USD/CAD – As shown on the accompanying USD/CAD 4-Hour chart, price action on this pair has formed both a steep uptrend support line (represented in green) and a flag pattern (represented in yellow) since the forceful bullish run in the dollar began several weeks ago. The combination of these two factors hints at a possible impending continuation of the uptrend.
The uptrend line is acting as dynamic support, while the flag is indicating a potential continuation of the up-move after breakout. In the event of a strong breakout of the flag, major resistance to the upside resides around the 1.0865 region. Immediate support to the downside, on the other hand, resides around the green uptrend line.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:26 | Comments (0) | Trackbacks (0)

August 18, 2008 - GBP/JPY Daily ChartMonday, August 18, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart patterns in yellow; 200-period simple moving average in light blue.)
8/18/2008 –GBP/JPY – Monday’s price action on most currency pairs has been slow-moving and marked by sideways consolidation. GBP/JPY, a daily chart of which is shown, has been no different.
After the severe drop that occurred last week, this pair has corrected somewhat and consolidated into what currently appears to be an inverted pennant formation (as represented on the chart in yellow). As flags and pennants are generally considered continuation patterns, the current pennant hints at a possible downward continuation of the uptrend support breakdown that occurred early last week.
Watch for any fast and clean breakdown below the bottom border of the inverted pennant, which could signify a bonafide continuation of the down move. In this event, major support to the downside resides around the 202.50 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 11:30 | Comments (0) | Trackbacks (0)

« previous page (Page 35 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:31

Latest Entries
August 15, 2008 - EUR/USD Daily ChartFriday, August 15, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
8/15/2008 –EUR/USD – Although most technical signals on the EUR/USD daily chart, as shown, are indicating extremely exhausted and oversold conditions, downward momentum currently appears almost unstoppable. Logically, there should be a potential impending correction to the drastic plummet that is occurring, but the point at which this correction actually happens is the big question on most traders’ minds.
At the current juncture, price is already deeply entrenched within the previous horizontal trading range that was in effect from late last year to early this year. In addition, the pair is currently just around 300 pips away from hitting the long-term uptrend support line (represented on the chart in green), which currently resides around the 1.4400 region. This uptrend line is a strong support factor, and if it gets broken to the downside, we would no longer consider the pair to be in a long-term uptrend. If a major correction occurs sooner than hitting that support trendline, on the other hand, the 1.4960 level (which represents the top of the previous trading range) continues to serve as major resistance going forward.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:13 | Comments (0) | Trackbacks (0)

August 14, 2008 - EUR/CHF Daily ChartThursday, August 14, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; 50-period simple moving average in light blue.)
8/14/2008 –EUR/CHF – Price action on the EUR/CHF daily chart, as shown, has pulled back to the significant downtrend line above which it broke out late last month. This downtrend line is represented on the chart by the long red line, which price touched as resistance at least five times before breakout. Concurrently, a tentative uptrend support line has also begun to form (as represented on the chart by the rightmost green line).
Oscillators like the displayed Stochastics are also emerging up from oversold territory. Therefore, the technical bias for the pair at this juncture is towards a potential impending bounce off the support imposed by both the pullback to the downtrend line (in red) and the touch of the tentative uptrend line (in green). The first major resistance in this event resides around the high before pullback, around 1.6365. A clean breakdown of the current support, on the other hand, should target further major support around the 1.6000 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:36 | Comments (0) | Trackbacks (0)

August 13, 2008 - GBP/USD Daily ChartWednesday, August 13, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
8/13/2008 –GBP/USD – The deep and rapid plunge in price within the last two weeks on GBP/USD (a daily chart of which is shown), has brought the pair all the way down to the key long-term uptrend support line. This line (represented on the chart by the longest green line) has served as support for many years now. The plummet that has occurred and is occurring on the pair has closely approached this strong support, which currently resides around the 1.8600 level.
Any break to the downside below the trendline should meet additional strong support around the 1.8500 region, which is a significant previous horizontal support/resistance level. A bounce at or near support, on the other hand, should first target the 1.8800 region as immediate resistance to the upside. Lending strength to a possible bounce are oscillators like the displayed Stochastics, which are indicating extremely oversold.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 13:03 | Comments (0) | Trackbacks (0)

August 12, 2008 - USD/JPY Daily ChartTuesday, August 12, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend lines in red; horizontal support/resistance lines in yellow; 50-period simple moving average in light blue.)
8/12/2008 –USD/JPY – With recent dollar-strengthening, price on the USD/JPY daily chart, as shown, has reached up to approach resistance at the uptrend line (in green) that has defined price action since mid-March. This line originally served as support before being broken down in June, and has since acted as resistance.
Oscillators like the displayed Stochastics have been in a prolonged state of overbought and are pointing down once again, possibly hinting at a tentative exhaustion of recent upward momentum. In the event of a turn back down, major support resides at or near the significant 108.50 level that price broke just last week. Resistance, on the other hand, should continue to reside around the green uptrend line.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 10:35 | Comments (0) | Trackbacks (0)

« previous page (Page 36 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:32

Latest Entries
August 11, 2008 - EUR/JPY Daily ChartMonday, August 11, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; 200-period simple moving average in light blue.)
8/11/2008 –EUR/JPY – Price action on the key EUR/JPY cross (a daily chart of which is shown), has performed a throwback to the downtrend line (represented by the long red line) that it broke in early June. This line was originally an exceptionally strong resistance level with at least six solid touches before breakout, and should therefore subsequently act as significant support going forward. The most recent bar has reached down and approached the line closely before bouncing right back up, as of this writing. Oscillators like the displayed Stochastics are also in oversold territory, although they have not yet begun to point up. In the event of a continuation of the current bounce up off support, the next resistance to the upside resides around the 166.00 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 12:00 | Comments (0) | Trackbacks (0)

August 8, 2008 - EUR/USD Daily ChartFriday, August 8, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
8/08/2008 –EUR/USD – On the EUR/USD daily chart, as shown, a massive breakdown of the horizontal trading range that price has been traversing for the past 5 months has finally occurred.
This exceptionally strong and swift breakdown of the range’s low at around 1.5280-1.5300 occurred on Thursday night, and has continued with fierce follow-through on Friday morning. Incidentally, coinciding with this breakdown have been equally significant breaks on the other majors.
Oscillators like the displayed Stochastics are giving extreme oversold readings, but still pointing down. Strong support immediately to the downside, as of this writing, resides around the 1.4960 level, which is the top of the previous horizontal trading range. Any major rebound of the breakdown should meet a solid resistance barrier at the key 1.5280-1.5300 level that price just broke.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 17:56 | Comments (0) | Trackbacks (0)

August 7, 2008 - USD/CHF Daily ChartThursday, August 7, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; horizontal support/resistance line in yellow; 50-period simple moving average in light blue.)
8/07/2008 –USD/CHF – With the recent pronounced rally in the USD/CHF (a daily chart of which is shown), price has reached significant resistance at the juncture of two different resistance factors.
One of these factors is the long-term downtrend resistance line (represented on the chart by the longest red line). The second factor is the horizontal level around 1.0625 (represented by the yellow horizontal line), where price reached a swing high in early May.
Because of the combined strength of these two resistance factors, any breakout above would carry considerable significance. In this event, price should target the next resistance levels to the upside around 1.0730 and then 1.0830. Oscillators like the displayed Stochastics are indicating that price is still in a prolonged overbought period and pointing sideways. In the event of an impending downward correction, price should find immediate support around the 1.0520 level, and then further down at the 1.0400 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:11 | Comments (0) | Trackbacks (0)

August 6, 2008 - USD/JPY Daily ChartWednesday, August 6, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend lines in red; horizontal support/resistance line in yellow; 50-period simple moving average in light blue.)
8/06/2008 –USD/JPY – After much anticipation, price on the USD/JPY daily chart, as shown, has just made a swift breakout above the key resistance level around 108.50-108.60. This break is significant, as price had been bumping up against this level since February without a breakout.
Now that it has occurred, if there is continued follow-through and upward momentum on the break, price should meet significant resistance at or near the uptrend line (in green) that has served alternately as support and resistance since March.
Any retracement on the current bull run, on the other hand, should now meet support around the broken 108.50-108.60 level, as prior resistance should subsequently become support.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click herefor more information.

Posted by TM Communications in Chart of the Day at 09:47 | Comments (0) | Trackbacks (0)

« previous page (Page 37 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:33

Latest Entries
August 5, 2008 - EUR/USD Daily ChartTuesday, August 5, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
8/05/2008 –EUR/USD – Price action on the EUR/USD daily chart, as shown, has finally made a significant breakdown of the long-term uptrend support line (represented by the green line labeled “A”). In doing so, price has hit a significant support/resistance level around the 1.5460 level.
Any further downward momentum on this break should target the first support to the downside around the 1.5360 region. A bit further down, there is a major support area at the very bottom of the current horizontal trading range (labeled “B”), around the 1.5280-1.5300 region.
Oscillators like the displayed Stochastics are in prolonged oversold conditions at this point, but price may still have more room to drop. Resistance to the upside on a rebound, on the other hand, should now reside around the green uptrend line that the pair just broke down today.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:36 | Comments (0) | Trackbacks (0)

August 4, 2008 - USD/CAD Daily ChartMonday, August 4, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
8/04/2008 –USD/CAD – As noted on a previous Chart of the Day a week ago, price on the USD/CAD daily chart, as shown, was on the brink of breaking out above a long-term downtrend resistance line (in red).
Price subsequently ended up breaking above this line and has now reached major resistance around the 1.0350 horizontal support/resistance level (the top yellow line). At this point, oscillators are indicating well overbought.
But in the event of any continued move up, breaking this horizontal resistance, price should target further resistance around the 1.0470 region, which is another horizontal support/resistance level to the upside. A turn back down at or near the current horizontal resistance, on the other hand, should target support back down at the red downtrend line.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 16:20 | Comments (0) | Trackbacks (0)

August 1, 2008 - NZD/USD Weekly ChartFriday, August 1, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; 50-period simple moving average in light blue.)
8/01/2008 –NZD/USD – The long-term weekly chart of NZD/USD is showing a precise touch of up trend support as of this writing.
This support line is represented on the chart by the bottom green line. In addition, oscillators like the displayed Stochastics are indicating that price is currently on the border of oversold territory, suggesting a possible waning of downward momentum.
In the event of a turn-up at or near this significant long-term support line, the next major resistance level to the upside resides around the 0.7380 region. In the event of a strong and clean breakdown of the line, on the other hand, significant support below the current uptrend line resides around the 0.7120 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 17:00 | Comments (0) | Trackbacks (0)

July 31, 2008 - GBP/USD 4-Hour ChartThursday, July 31, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; 200-period simple moving average in light blue.)
7/31/2008 –GBP/USD – Price on the GBP/USD (a 4-hour chart of which is shown) shot up on Thursday morning to hit a significant resistance point that combines the top of a new short-term downtrend channel (in red) and the underside of the previous short-term uptrend channel (in green) which price broke below within the past several days.
After the quick bullish move on Thursday morning, price came back down swiftly, retracing most of the original rally as of this writing.
Any continued bearish action should first find some support near the bottom of the red downtrend channel. A rebound, on the other hand, should eventually target the top of the same channel once again.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:56 | Comments (0) | Trackbacks (0)

« previous page (Page 38 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:33

Latest Entries
July 30, 2008 - EUR/USD Daily ChartWednesday, July 30, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
7/30/2008 –EUR/USD – As of this writing, EUR/USD (the daily chart of which is shown) has hit a key dynamic support level in the form of a relatively long-term uptrend support line. This trendline, denoted by the long green line labeled “A”, has been an active support line for around a year, since August 2007 when price was around the 1.3350 region. Price has revisited this line several times since then, and just today has threatened a breakdown. If indeed a true break occurs with significant downward momentum, we should be seeing price ultimately target the next major support level to the downside around the 1.5350 region, which is near the bottom of the horizontal range that price has been entrenched in since March. On the other hand, oscillators like the displayed Stochastics are showing well oversold, indicating a potential waning or stalling of downward momentum. If this is the case, and price turns up around the uptrend support line (even if there is a slight false break), immediate resistance to the upside resides around the 1.5630 region, which is the prior support level that was broken during yesterday’s bearish price run.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:41 | Comments (0) | Trackbacks (0)

July 29, 2008 - USD/JPY Daily ChartTuesday, July 29, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend lines in red; horizontal support/resistance lines in yellow; 50-period simple moving average in light blue.)

7/29/2008 –USD/JPY – The swift bullish dollar move that has occurred this morning (Tuesday, July 29) was evident on all of the majors, including the USD/JPY pair (the daily chart of which is shown). As the other majors all had key levels broken by this move, USD/JPY also broke a short-term resistance line at around 108.00. Right above this is a significant resistance level at around 108.60 (the top yellow line). If price continues up to break this level as well, the medium-term uptrend line (in green) should provide further resistance to the upside. If the current bullish dollar move fails, on the other hand, a deep fall back would ultimately meet strong support around the top of the downtrend channel (in red).
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 16:49

July 28, 2008 - EUR/USD Daily ChartMonday, July 28, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
7/28/2008 –EUR/USD – After hitting a significant support resistance level at around 1.5630 late last week, price action on the EUR/USD daily chart, as shown, has made a clear bounce up off that support, as of this writing. Corresponding with this bounce is oscillator confirmation in the form of the displayed Stochastics, which have tentatively emerged up from oversold territory. In the event of a continued move up on the bounce, closest resistance to the upside resides around the 1.5800-1.5820 support/resistance region. Above this is the strong 1.5900 resistance. Immediate support to the downside, on the other hand, continues to reside in the 1.5630 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:37

July 25, 2008 - USD/CAD Daily ChartFriday, July 25, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
7/25/2008 –USD/CAD – Price action on the USD/CAD daily chart, as shown, has just hit a long-term downtrend resistance line. This line extends from early 2007, and is represented on the chart by the long red line. Price is also entrenched within a rough horizontal trading range, as bounded by the yellow horizontal lines. If this pair has enough upward momentum to breakout above the downtrend resistance line, the next resistance to the upside resides at or near the top of the range in the 1.0350 region. On the other hand, if this downtrend resistance is strong enough to turn price back down, the first support to the downside resides around the 0.9970 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 08:51

« previous page (Page 39 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:34

Latest Entries
July 24, 2008 - GBP/USD Daily ChartThursday, July 24, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; uptrend lines in green; horizontal support/resistance line in yellow; 50-period simple moving average in light blue.)
7/24/2008 –GBP/USD – As of this writing, price action on the GBP/USD daily chart, as shown, has just reached down and touched the bottom support line of a short-term parallel uptrend channel (in green). Currently, price has stalled and consolidated near this support level. It should be noted that this uptrend channel is very steep, and therefore may likely be broken to the downside at some point in the near future. Whether that occurs on this swing or a future downswing is the question. There has also been very clear bearish price-oscillator divergence on the prior two swing highs. In the event of a true impending breakdown of this uptrend channel, major support to the downside resides around the 1.9650 region. Below this level, further support resides around the long-term downtrend line (in red) that extends from the multi-decade highs. A clear bounce off the current uptrend support line, on the other hand, should target resistance once again near the top of the parallel trend channel.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:40

July 23, 2008 - USD/CHF Daily ChartWednesday, July 23, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; Fibonacci retracements in grey; 50-period simple moving average in light blue.)

7/23/2008 –USD/CHF – Price action on the USD/CHF daily chart, as shown, has once again reached the top resistance line within the parallel downtrend channel that the pair has been entrenched in since late April. The touch of this resistance line follows very impressive gains made yesterday and this morning. After the swift run-up, has price momentum begun to wane at resistance? That may indeed be the case, but for now, the daily chart is not yet giving any significant overbought signals. Therefore, a true break above resistance could well be a possibility near-term. If this turns out to be the case, the next major resistance above the break resides around the 1.0490 region. On the other hand, if price indeed loses its upward momentum and encounters selling pressure at or near downtrend resistance, the 1.0250 region, which coincides with a key 38.2% Fibonacci retracement level, should act as significant support to the downside.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:49

July 22, 2008 - EUR/CHF Daily ChartTuesday, July 22, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; 50-period simple moving average in light blue.)

7/22/2008 –EUR/CHF – Much like several other crosses, EUR/CHF (the daily chart of which is shown) has just reached and temporarily stalled around significant resistance. In the case of this key cross, resistance is in the form of a downtrend line going back to October 2007, where the long-term, multi-year highs were reached in the pair. The current touch of resistance occurs after a bounce up off a key 38.2% Fibonacci retracement level (the low-to-high retracement span being measured from the low extreme reached on 3/17/2008 to the swing high touch of downtrend resistance on 5/19/2008). Oscillators like the displayed Stochastics have entered overbought. Respect of resistance at this point should target a move back down ultimately to around the 1.6000 support region. A true breakout to the upside with momentum, on the other hand, should meet first resistance around the 1.6300 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:25

July 21, 2008 - GBP/JPY Daily ChartMonday, July 21, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)

7/21/2008 –GBP/JPY – Price action on the GBP/JPY daily chart, as shown, has once again bumped right up against a very significant resistance line in the 213.80-214.00 region. This line has been hit at least 5 times since the beginning of the year, and thus represents strong selling pressure at this level. Any true break to the upside, therefore, would be a significant event that should target additional resistance in the 217.00 region. From purely a technical perspective, however, there is a slight bias towards an impending turn back down at or near this robust resistance level. Oscillators like the displayed Stochastics, which are deep in overbought territory and starting to turn, are also lending some strength to this view. If this turn indeed occurs, clear major support to the downside resides around the green uptrend line from which price bounced just last week.

James Chen
Chief Technical Analyst, FX Solutions

To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:55

« previous page (Page 40 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:35

Latest Entries
July 18, 2008 - USD/JPY 4-Hour ChartFriday, July 18, 2008

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend lines in red; 200-period simple moving average in light blue.)
7/18/2008 –USD/JPY – Price action on the USD/JPY 4-hour chart, as shown, has just hit significant resistance near the top of a short-term parallel downtrend channel (in red). This approach of resistance occurs after an impressive run-up from a key 38.2% Fibonacci retracement support level. Confirming a possible waning of upward momentum near resistance are oscillators like the displayed Stochastics, which are on the border of emerging down from overbought. In the event of a continued bounce down off resistance, the next support to the downside resides around the 105.50 region. Any true breakout above this resistance, on the other hand, would meet major additional resistance around the 108.50 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 09:31

July 17, 2008 - EUR/GBP Daily ChartThursday, July 17, 2008

7/17/2008 – EUR/GBP Daily Chart[url=http://www.tradingpostfinancial.com/blog/uploads/WindowsLiveWriter/July172008EURGBPDailyChart_7CB5/clip_image002[5].gif][/url] (Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; 50-period simple moving average in light blue.)
7/17/2008 –EUR/GBP – Price action on the EUR/GBP daily chart, as shown, has reached a critical support juncture. This support is significant, and is represented on the chart by the green uptrend line. As of this writing, price has stalled around this level. Therefore, any true breakdown of this line could represent a significant potential breakout trading opportunity. Oscillators are showing that this pair is not yet oversold, so a breakdown could carry additional downside momentum. In the event of a breakdown, further support to the downside resides first in the 1.7850 region. A bounce at the current uptrend support line, on the other hand, would target the next major resistance in the 0.8020-0.8030 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0

*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Click here for more information.

Posted by TM Communications in Chart of the Day at 08:52

July 16, 2008 - EUR/USD Chart of the DayWednesday, July 16, 2008

7/16/2008 - EUR/USD Daily Chart

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
7/16/2008 –EUR/USD – After reaching and slightly exceeding the all-time high resistance yesterday, price action on the EUR/USD daily chart, as shown, has made a tentative correction back down.
All technical indications were pointing towards this long-awaited correction. And from purely a technical perspective, there appears that there may be some further room to retrace.
Price has not yet reached the short-term uptrend support line (represented by the top green line), which also coincides with a key 38.2% Fibonacci retracement level (the low-to-high retracement being measured from the swing low to support on 6/13/2008 to the all-time high reached just yesterday). Oscillators like the displayed Stochastics are also emerging down from overbought territory.
In the event of this continued downward retracement, the first level of support would clearly reside around the aforementioned uptrend support line, which, as mentioned, currently coincides with the 38.2% Fibonacci retracement level.
In the event of a breakdown of this support, the next support area resides around the 1.5600 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: forex,forex charts,currency trading,forex trading

Posted by TM Communications in Chart of the Day at 12:15 | Comments (0) | Trackbacks (0)

July 15, 2008 - GBP/USD Chart of the DayTuesday, July 15, 2008

7/15/2008 – GBP/USD Daily Chart*

[size=+0]
(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
7/15/2008 –GBP/USD – After a relatively dramatic move up on Tuesday morning, price on the GBP/USD (the daily chart of which is shown) hit and promptly retreated from the top resistance line of a short-term uptrend channel.
This channel is represented by the short parallel green lines. Though this resistance is much less significant than the resistance imposed by the all-time high that was reached by the EUR/USD pair on the same morning, GBP/USD is also showing technical signs of having possibly hit a momentum barrier, at least for the time being.
From a technical perspective, a short-term correction is due. In the event that this occurs, the logical first support target to the downside would reside at or near the bottom of the uptrend channel.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Online Trading,Forex Charts

Posted by TM Communications in Chart of the Day at 09:50 | Comments (0) | Trackbacks (0)

« previous page (Page 41 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:36

Latest Entries
July 14, 2008 - USD/CAD Chart of the DayMonday, July 14, 2008

7/14/2008 – USD/CAD Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
7/14/2008 –USD/CAD – Price action on the USD/CAD (the daily chart of which is shown) has been mired in a sideways consolidation for many months now. Within the context of this sideways consolidation, there has recently begun a further diminishing of volatility, bounded by the long-term downtrend line (in red) and the medium-term uptrend line (in green).
This diminishing volatility hints at an impending breakout to either side. At this time, with price hugging support and a long-term downtrend in place, the bias is towards a break to the downside. In the event of a clean breakdown, major support to the downside resides around the bottom of the sideways consolidation, in the 0.9750 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Online Trading,Forex Charts

Posted by TM Communications in Chart of the Day at 14:05 | Comments (0) | Trackbacks (0)

July 11, 2008 - EUR/GBP Chart of the DayFriday, July 11, 2008

7/11/2008 – EUR/GBP Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; 50-period simple moving average in light blue.)
7/11/2008 –EUR/GBP – As noted on a previous Chart of the Day just a couple of days ago, the EUR/GBP (a daily chart of which is shown), had formed a large symmetrical triangle formation, much like the EUR/JPY had.
Unlike EUR/JPY, however, price on the EUR/GBP has not yet broken out of its triangle. This may soon change. Today’s bar, as shown, is right up against resistance at the top of the triangle. A clean break would represent a triangle continuation of the previous uptrend, and would target the first level of resistance around the multi-year highs in the region of 0.8095.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 11:27 | Comments (0) | Trackbacks (0)

July 10, 2008 - EUR/JPY Chart of the DayThursday, July 10, 2008

7/10/2008 – EUR/JPY 4-Hour Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; 200-period simple moving average in light blue.)
7/10/2008 –EUR/JPY – Price action on the EUR/JPY 4-Hour chart, as shown, has formed a clear symmetrical triangle. Price has been steadily approaching the apex of this triangle over the past couple of weeks as its volatility has progressively diminished.
Considering that this pair has recently been entrenched in a marked uptrend, as well as the fact that triangle consolidations are most often considered continuation patterns, technical traders are waiting for any clean breakout above the top boundary of the triangle.
In this event, the next obvious resistance level to the upside resides around 169.45, which represents the long-term high for the pair.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 12:50 | Comment (1) | Trackbacks (0)

July 9, 2008 - USD/JPY Chart of the DayWednesday, July 9, 2008

7/09/2008 – USD/JPY Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
7/09/2008 –USD/JPY – Price action on the USD/JPY daily chart, as shown, has been consolidating around some key levels in the past couple of weeks. After hitting strong resistance around 108.50 (the top yellow line), price bounced down to break a key uptrend support line (in green).
After doing so, the pair reached further down to bounce up off a long-term downtrend support line (in red) that originally acted as resistance before breakout in early June. After this bounce, price rose and has been adhering to the underside of the short-term uptrend line (in green) for several days now. A false, or premature, break a couple of days ago showed some initial promise of a bullish run targeting 108.50 once again.
But so far, a true break has not yet occurred. Technicals are still hinting at a bullish bias, which could soon mean a break of the uptrend line and a move back up towards the 108.50 resistance and possibly beyond. Any short-term drop, on the other hand, would meet a strong support obstacle in the long-term downtrend line (in red).
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Online Trading,Forex Charts

Posted by TM Communications in Chart of the Day at 10:39 | Comments (0) | Trackbacks (0)

« previous page (Page 42 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:37

Latest Entries
July 8, 2008 - EUR/GBP Chart of the DayTuesday, July 8, 2008

7/08/2008 – EUR/GBP Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart pattern in yellow; 50-period simple moving average in light blue.)
7/08/2008 –EUR/GBP – Price action on the EUR/GBP daily chart, as shown, has been consolidating in a well-defined symmetrical triangle formation for at least three months now. This consolidation has been marked by progressively diminishing volatility, and follows closely on the heels of an impressive uptrend run that began in September of last year.
Some may consider the current triangle a flag formation, although flags and pennants usually show up as smaller chart patterns than what we are seeing now. In any case, this consolidation may be hinting at a possible continuation of the uptrend, as both flags and triangles are often considered continuation patterns.
Therefore, any clean break above the top triangle boundary could represent a potential breakout trading opportunity, targeting the closest major resistance around the long-term high in the 0.8100 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 11:33

July 7, 2008 - GBP/USD Chart of the DayMonday, July 7, 2008

7/07/2008 – GBP/USD Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance line in yellow; Fibonacci retracements in grey; 200-period simple moving average in light blue.)
7/07/2008 –GBP/USD – Price on the GBP/USD daily chart, as shown, has reached back down and touched the downtrend line that it broke out above in late June.
This level is significant not only because it represents a relatively strong dynamic support/resistance line, but also because the level that price has reached as of this morning represents a key 61.8% Fibonacci retracement level (the low-to-high retracement span being measured from the swing low on 6/13/2008 to the latest high on 7/1/2008).
Whether or not this level holds at this juncture is the big question. Because of the strength of support imposed by both the downtrend line and the Fibonacci retracement level, there is a slight bias towards a bounce at or near this level, in which case the obvious resistance to the upside resides around the 2.0000 level.
Any clean breakdown, on the other hand, would target strong previous support around 1.9350.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 11:44 | Comments (0) | Trackbacks (0)

July 3, 2008 - EUR/USD Chart of the DayThursday, July 3, 2008

7/03/2008 – EUR/USD Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
7/03/2008 –EUR/USD – Price action on the EUR/USD daily chart, as shown, took a major turn down today as a result of the Non-Farm Payrolls report in the morning. This downturn occurs at a significant technical resistance level around 1.5900, which is represented on the chart by the horizontal support/resistance line marked “A”.
This line resides just around 100 pips below the all-time high in the pair. Price has been technically overbought for this whole week (as shown by oscillators like the displayed Stochastics) so the current turn down at resistance is a long-awaited, welcomed event for technical traders and analysts.
In the event of a continuation of this down move, the first support to the downside resides around the 1.5650 region, and then further down at the intermediate uptrend line (in green).
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 07:50 | Comments (0) | Trackbacks (0)

July 2, 2008 - GBP/JPY Chart of the DayWednesday, July 2, 2008

7/02/2008 – GBP/JPY Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; horizontal support/resistance line in yellow; Fibonacci retracements in grey; 50-period simple moving average in light blue.)
7/02/2008 –GBP/JPY – Late last week, price just bounced down off of an extremely significant horizontal support/resistance level on the GBP/JPY daily chart, as shown. This horizontal level, around the 214.00 price region, is represented on the chart by the long yellow line.
The line has been respected many times in the past, mostly as resistance, and therefore poses a strong barrier to the upside. A continued move off this resistance would target uptrend support (represented by the green line), which currently represents a price around the 207.00 region.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 11:04 | Comments (0) | Trackbacks (0)

« previous page (Page 43 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:38

Latest Entries
July 1, 2008 - AUD/USD Chart of the DayTuesday, July 1, 2008

7/01/2008 – AUD/USD Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
7/01/2008 –AUD/USD – After rising in a rather steady long-term uptrend for years, AUD/USD (the daily chart of which is shown), has hit what amounts to a triple top formation. This resistance level is in the 0.9645-0.9665 price region, and is represented on the chart by the short yellow horizontal line.
Oscillators like the displayed Stochastics are confirming this bearish turn, as they are emerging unmistakably down from overbought. Furthermore, this oscillator confirmation occurs during a currently ranging situation, where oscillators purportedly provide their best indications.
In the event that this downward continuation after the turn at resistance occurs, the next major support to the downside resides around the key uptrend support line, represented on the chart by the lower green line.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 12:20 | Comments (0) | Trackbacks (0)

June 30, 2008 - EUR/USD Chart of the DayMonday, June 30, 2008

6/30/2008 – EUR/USD 4-Hour Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; uptrend line in green; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.)
6/30/2008 –EUR/USD – After the impressive rally that occurred during the latter part of last week, price on the EUR/USD 4-hour chart, as shown, has just bumped up against and bounced down off of a significant resistance zone in the 1.5820-1.5840 region (represented on the chart by the top yellow line).
This bounce off resistance occurs within the context of a trading range consolidation that has prevailed in this pair for almost four months now. Lending strength to a possible downturn and impending bearish bias at or near this horizontal resistance are oscillators like the displayed Stochastics, which are emerging unmistakably down from extremely overbought.
In the event of continued momentum down, major support to the downside resides in the region of the last significant horizontal support level, around 1.5460 (represented on the chart by the second yellow line).
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Online Trading,Forex Charts

Posted by TM Communications in Chart of the Day at 10:58 | Comments (0) | Trackbacks (0)

June 27, 2008 - USD/JPY Chart of the DayFriday, June 27, 2008

6/27/2008 – USD/JPY Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; uptrend line in green; horizontal support/resistance line in yellow; Fibonacci retracements in white; 200-period simple moving average in light blue.)
6/27/2008 –USD/JPY – Price on the USD/JPY daily chart, as shown, has just touched a key short-term uptrend support line (represented on the chart in green). This uptrend line has provided support for the pair since mid-March.
A clean breakdown of this line would target further support at the long-term downtrend line (in red), which acted as downtrend resistance for about a year before being broken to the upside earlier this month.
If, however, USD/JPY has enough resilience to make a clear bounce up off the current uptrend support line in the next few days, price should target clear resistance in the 108.50 region, a significant previous support/resistance level.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 11:10 | Comments (0) | Trackbacks (0)

June 26, 2008 - GBP/USD Chart of the DayThursday, June 26, 2008

6/26/2008 – GBP/USD Daily Chart*

[size=+0]
(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; uptrend line in green; horizontal support/resistance line in yellow; 200-period simple moving average in light blue.)
6/26/2008 –GBP/USD – After the FOMC announcement yesterday and the London market open today, price made a serious breakout of the long-term downtrend resistance line as shown on the accompanying GBP/USD daily chart.
This was a clean breakout that just reached the level of the 200-period simple moving average as of this writing, breaking through an additional key resistance level (around 1.9850) in the process. The broken downtrend resistance line is now considered a major dynamic support level to the downside.
To the upside, any continued momentum from the breakout should target further major resistance in the 2.0100 region, although oscillators like the displayed Stochastics are showing well-overbought.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 14:37

« previous page (Page 44 of 50, totaling 200 entries) » next page

hefeiddd · 发表于 2009-4-8 10:44

Latest Entries
June 25, 2008 - USD/CHF Chart of the DayWednesday, June 25, 2008

6/25/2008 – USD/CHF Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; 50-period simple moving average in light blue.)
6/25/2008 –USD/CHF – Within the context of the long-term downtrend on the USD/CHF daily chart, as shown, price has settled into a slightly downward-sloping range consolidation.
Though this parallel range is more than 300 pips wide, it is still considered a tight consolidation because it occurs on a longer-term daily chart. During consolidations that are tight, watching for breakouts is usually a more prudent direction than trading the range.
In view of this, technical traders will be watching this pair for a break on either side, up or down. But because it is a descending range that follows a recent short-term run up from the long-term lows around 0.9640, there is a slight technical bias towards an eventual breakout to the upside.
If this indeed occurs with momentum, the next resistance level to the upside resides around the 1.0600 region, and then ultimately at the long-term downtrend resistance line represented by the top red line.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 09:04 | Comments (0) | Trackbacks (0)

June 24, 2008 - USD/JPY Chart of the DayTuesday, June 24, 2008

6/24/2008 – USD/JPY Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; uptrend line in green; horizontal support/resistance level in yellow; 200-period simple moving average in light blue.)
6/24/2008 –USD/JPY – In the past several days, price action on the USD/JPY daily chart, as shown, has enforced a rather precise resistance level around 108.50-108.60. This level is represented on the accompanying chart by the yellow horizontal line.
If this significant resistance holds within the next several days, in the absence of any fundamentally-driven breakout, traders will be looking for a bearish impending move. This outlook is strengthened by oscillators like the displayed Stochastics, which are emerging down from extremely overbought.
Support to the downside resides first at the green uptrend support line, and then at the red long-term downtrend line, which acted as resistance before price broke out above it earlier this month.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 11:38 | Comments (0) | Trackbacks (0)

June 23, 2008 - EUR/JPY Chart of the DayMonday, June 23, 2008

6/23/2008 – EUR/JPY Daily Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; horizontal support/resistance level in yellow; 200-period simple moving average in light blue.)
6/23/2008 –EUR/JPY – After breaking out above a long-term downtrend resistance line in early June, price action on the EUR/JPY daily chart, as shown, is hinting at a weakening of upward momentum. An arc is forming that is confirmed by oscillators like the displayed Stochastics, which are pointing unmistakably down from severely overbought.
Another indication of a possible waning of momentum is the fact that price has hit and bounced down off the -23.6% Fibonacci target around the 168.00 region (the low-to-high retracement span being measured from the swing low on 3/20/2008 to the swing high on 4/23/2008).
In the event of a continued move back down, the next major support to the downside resides around the 165.00 region, a previous support/resistance level. Further down, additional support resides at or near the long-term downtrend line in red, which originally acted as resistance before breakout.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 09:27 | Comments (0) | Trackbacks (0)

June 20, 2008 - GBP/USD Chart of the DayFriday, June 20, 2008

6/20/2008 – GBP/USD 4-Hour Chart*

(Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; horizontal support/resistance level in yellow; 200-period simple moving average in light blue.)
6/20/2008 –GBP/USD – Price action on the GBP/USD pair, the 4-hour chart of which is shown, has just bumped up against a key downtrend resistance line. Although this line has only been touched two previous times, it connects the 27-year high reached in November 2007 to a major intermediate swing-high hit in March of this year.
Therefore it is a relatively significant dynamic level. The first technical expectation at or near any significant support/resistance level is for price to respect the level by bouncing off of it instead of breaking out of it. Therefore, barring any fundamentally-driven breakout, the prevailing technical bias at this juncture is for an impending turn, or at least a consolidation, at or near this resistance.
Oscillators like the displayed Stochastics are lending strength to this bearish outlook, as they are in extremely overbought territory and are beginning to turn down. In the event of an impending move back down, a major support level to the downside resides around the 1.9600 region, a significant previous support/resistance level.
James Chen
Chief Technical Analyst, FX Solutions
To download the latest version of FX AccuCharts 7.0, please click here: Download FX AccuCharts 7.0
*IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Technorati Tags: FX Solutions,Forex Trading,Forex Broker,Forex Charts

Posted by TM Communications in Chart of the Day at 08:30 | Comments (0) | Trackbacks (0)

« previous page (Page 45 of 50, totaling 200 entries) » next page

		搜索
热搜: macd K线与均线飞狐分时指标共振指标分时橡胶牛股炒股入门