Today is Fri, August 29, 2014 18:48:06 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Forex Chart of the Day

Chart Of The Day For August 29th,2014 -EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3151, 1.3041-64, 1.2977
  • Resistance:1.3232, 1.3281, 1.3361

The Euro may on the verge of a rebound against the US Dollar after forming a Bullish Engulfing candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.3232 exposes the 23.6% level at 1.3281. Alternatively, a reversal below the 76.4% Fib expansion at 1.3151 clears the way for a challenge of the 100% threshold at 1.3064.

We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest remains in play with a stop-loss at breakeven. We will look to any on-coming strength as an opportunity to add to the trade.

EUR/USD Technical Analysis: Corrective Bounce Seen Ahead

Chart Of The Day For August 28th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3151, 1.3041-64, 1.2977 Resistance:1.3232, 1.3281, 1.3361 The Euro may be preparing to launch a corrective recovery against the US Dollar after prices put in a Bullish Engulfing candlestick pattern. Near-term resistance is at 1.3232, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at […]

Chart Of The Day For August 27th,2014 – EUR/USD

By Ilya Spivak Talking Points:   EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3151, 1.3048-64, 1.2977 Resistance:1.3204, 1.3248, 1.3291   The Euro remains under heavy selling pressure, descending to the weakest level in almost a year against the US Dollar. A daily close below the 76.4% Fibonacci expansion at 1.3151 exposes the 1.3048-64 area marked by the 100% level and a falling […]

Chart Of The Day For August 26th,2014- EUR/USD

By Ilya Spivak Talking Points:   EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3248, 1.3190-204, 1.3151 Resistance:1.3291, 1.3345, 1.3432   The Euro is testing the lower bound of its nearly four-month long downswing against the US Dollar after touching the lowest level since September 2013. Near-term support is in the 1.3177-1.3204 area, marked by the 61.8% Fibonacci expansion and a falling channel floor, […]

Chart Of The Day For August 25th,2014- EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3248, 1.3190-204, 1.3151 Resistance:1.3291, 1.3345, 1.3432   The Euro declined to hit an 11-month low against the US Dollar after carving out a Triangle chart formation. A daily close below the 1.3182-1.3204 area marked by the 61.8% Fibonacci expansion and a falling channel floor exposes the 76.4% level at 1.3151. Alternatively, a reversal […]

Chart Of The Day For August 22th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3248, 1.3190-204, 1.3151 Resistance:1.3291, 1.3345, 1.3432   The Euro managed to break a three-day losing streak against the US Dollar after slumping to the lowest level in eleven months. Near-term support is at 1.3248, the 50% Fibonacci expansion, with a daily close below that exposing the 1.3190-204 area marked by the 61.8% level […]

Chart Of The Day For August 21th ,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3248, 1.3195-204, 1.3151 Resistance:1.3291, 1.3345, 1.3432   The Euro accelerated downward against the US Dollar after carving out a Triangle chart formation, hitting the lowest level in 11 months. A daily close below the 50% Fibonacci expansion at 1.3248 exposes the 1.3195-1.3204 area, marked by the 61.8% level and a falling channel floor. […]

bitcoin brokers

Bitcoin Climbs Above $500, US Judge Says BTC is ”Clearly Money”

Bitcoin has managed to climb above the $500 support level mentioned in our previous daily roundup. Prices should now remain supported by the this figure, at least in the near term. Yesterday BTC rallied 27 dollars, from $474 to $500. During today’s morning session bitcoin continued the rally upward, hitting a daily high of $528. […]

Chart Of The Day For August 20th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3345, 1.3432, 1.3461   The Euro resumed its push downward against the US Dollar after completing a Triangle continuation chart formation. Near-term support is at 1.3291, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposing the 50% level at 1.3248. Alternatively, a turn […]

Chart Of The Day For August 19th, 2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3419, 1.3467-72, 1.3516 The Euro may be readying to correct higher against the US Dollar after an Evening Star candlestick pattern marked a reversal downward, as expected. The case for an upside scenario hinges on the appearance of a Hammer candle coupled with positive RSI divergence. A daily close above […]

Chart Of The Day For August 18th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3419, 1.3472, 1.3516   The Euro may be preparing for a rebound against the US Dollar having declined as expected after showing a bearish Evening Star candlestick pattern. The appearance of a Hammer candle coupled with positive RSI divergence now argues for an on-coming correction. Near-term resistance is at 1.3419, the […]

Chart Of The Day For August 15th,2014- EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3419, 1.3472, 1.3516  The Euro may be readying to correct higher against the US Dollar after an Evening Star candlestick pattern marked a reversal downward, as expected. The case for an upside scenario hinges on the appearance of a Hammer candle coupled with positive RSI divergence. A daily close above […]

Chart Of The Day For August 14th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3419, 1.3472, 1.3516  The Euro may be preparing for a rebound against the US Dollar having declined as expected after showing a bearish Evening Star candlestick pattern. The appearance of a Hammer candle coupled with positive RSI divergence now argues for an on-coming correction. Near-term resistance is at 1.3419, the 23.6% […]

Chart Of The Day For August 13th,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3419, 1.3472-90, 1.3516 The Euro may be readying to correct higher against the US Dollar after an Evening Star candlestick pattern marked a reversal downward, as expected. The case for an upside scenario hinges on the appearance of a Hammer candle coupled with positive RSI divergence. A daily close above […]

Chart Of The Day For August 12th, 2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3419, 1.3472, 1.3516 The Euro declined against the US Dollar as expected after prices put in a bearish Evening Star candlestick pattern. A Hammer candlestick coupled with positive RSI divergence marked the beginning of an attempted recovery, as suspected. Near-term resistance is at 1.3419, 23.6% Fibonacci retracement, with a daily close above […]

Chart Of The Day For August 11,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3386, 1.3332, 1.3309 Resistance:1.3419, 1.3472, 1.3516 The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. The appearance of a Hammer candle with positive RSI divergence marked the start of a bounce as we suspected. A daily close above the 23.6% Fibonacci retracement at 1.3419 exposes […]

Chart Of The Day For August 8th, 2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3316, 1.3277, 1.3238 Resistance:1.3365, 1.3419, 1.3472  The Euro declined against the US Dollar as expected after prices put in a bearish Evening Star candlestick pattern. A narrow break below the 23.6% Fibonacci expansion at 1.3365 has exposed the 38.2% level at 1.3316. Pushing further below that aims for the 50% Fib at 1.3277. Positive […]

Chart Of The Day For August 7th, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3365, 1.3316, 1.3277 Resistance:1.3419, 1.3472, 1.3516  The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. A Hammer candle above the 23.6% Fibonacci expansionat 1.3365 hints a corrective bounce may be ahead. Closing above the 23.6% Fib retracement at 1.3419 on a daily basis exposes […]

Chart Of The Day For August 6th, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3365, 1.3316, 1.3277 Resistance:1.3445, 1.3493, 1.3533 The Euro declined against the US Dollar as expected after prices put in a bearish Evening Star candlestick pattern. Near-term support is at 1.3365, the 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 1.3316. Alternatively, a reversal above […]

Chart Of The Day For August 5th, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3415, 1.3366, 1.3294 Resistance:1.3445, 1.3493, 1.3533 The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. A corrective bounce sees prices eyeing resistance at 1.3445, the 23.6% Fibonacci retracement. A break above that on a daily closing basis exposes 1.3493, the intersection of the 38.2% […]

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish