Technical Analyis |

Technical Analyis

Here you can find all the latest technical analysis created by the leading experts in the Forex field. Technical analysis looks at patterns or trends formed over time to help predict future currency movement. Technical indicators include RSI (Relative Strength Index), MACD (Moving Average Convergence), and 50 day moving average.

Technical Cross

Written by ecPulse.com Friday, 08 April 2011 18:32

Great British Pound vs. Japanese Yen (GBP / JPY)

Midday Report

Continuous attempts to breach the pivotal resistance areas of 139.75 occurred during the previous session. The price behavior is very calm due to the negativity of momentum indicators and thus, we hold onto our bullish scenario for the rest of the day, supported by our efficient bullish harmonic pattern that pushes the pair towards 161.8% of its CD leg as we discussed this morning.

The trading range for today is among key…

Technical Oil

Written by ecPulse.com Friday, 08 April 2011 18:30

Oil Report

Midday Report

The sharp ascend that resumed as expected since the breach of 106.55 currently stabilized around $111.00 per barrel, while it inched closer to key resistance for the upside trend around 112.10 since breaching it could witness more positivity. Morning expectations remain valid, while noting signs of growing overbought signs appearing on RSI.

The trading range for today is among the key support around 107.30 and the key resistance around 115.30.

The short…

Technical Precious Metals

Written by ecPulse.com Friday, 08 April 2011 18:29

Gold

Midday Report

The positivity continued dominating the movements of the metal since it traded above 127.2% Fibonacci of CD leg of the bullish harmonic butterfly pattern. Stability above the aforesaid level may force gold to neglect the overbought signs appearing on momentum indicators. We are waiting for a technical touch for 1455.00 to reduce risks before resuming the bullish trend.

The trading range for today is among the key support at 1424.00 and key resistance now at…

Technical Major Currencies

Written by ecPulse.com Friday, 08 April 2011 18:26

Euro

Midday Report

The pair continues trading to the upside since this morning as it stabilized around 1.4400, while Stochastic continues offering negative signs that may cause some fluctuation. In overall, our morning scenario remains valid as we await 1.4460 to be breached.

The trading range for today is among the key support at 1.4280 and the key resistance at 1.4580.

The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at…

UFXBank Forex News: EUR/USD Hits Highest Level in 14 Months

Written by UFX Bank Thursday, 07 April 2011 06:17

USD Dollar (USD) – The Dollar weakened in Forex trading against the other major currencies after better than expected data came out from the other major countries. This, and strong expectations that the ECB will increase the interest rate in the euro zone, led investors to prefer higher yielding assets. The NASDAQ and Dow Jones strengthened by 0.31% and 0.27% respectively, Crude oil rose by 0.5%, and closed at $108.83 a barrel. Gold (XAU) increased by 0.4% during the session, climbing…