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EUR/USD: technical analysis Forecasts confirmed and the pair continued its growth. The price breached 1.4430/40 resistance line, confirming the "bullish" strong potential. At the moment trading is being carried out at 1.4510/00 level. If the attempts to fix the price above 1.4500 line turn out successful, we'll be expecting another ascension with targets seen at 1.4600/20 and 1.4700 levels. Indicators are "bullish" as well, saying in favor of the above mentioned scenario. On the other hand, it's worth taking into account significant 1.4560/70 resistance, which is currently in the way - the level may become a reason for cardinal changes in the market and initiate a reversal. The indication for it would be decline below 1.4430/40 support line. Forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/JPY: reaching resistance The pair is rallying up quite strongly although resistance from a major trendline at the current highs at 117.00 will probably curb the advance. If the exchange rate reverses from there it could begin a decline back down to the 114.00 lows although support at 116.45 gives a closer target. If it breaks above the trendline then it will probably fulfil the upside target on the the 0.1x3 point and figure chart at 119.50 in time. Forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: triangle unfolding The EUR/USD currency pair is in a consolidation pattern on the daily charts which looks like a triangle. There appear to have been three legs in the triangle so far with a total of 5 expected (A-E). It is possible we are in a D leg now, with an eventual target at the trendline at 1.4350 initially, and then the monthly pivot at 1.4435. It is possible the triangle has already completed and waves D and E were smaller than average – in that case the market could fall quite rapidly from its current position, particularly if there is a break below 1.4072. Forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: bearish signal The EUR/USD is still falling and despite a pullback it would be expected to fall further. If it passes down below the key 1.4125 creating a double dottom buy on the 0.0005x3 P&F chart then there is a high possibility it will drop to 1.4095. A break of the pullback highs at 1.4170, however would negate the bearish setup and encourage a more bullish outlook. forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: strongly counter-trending The EUR/USD has fallen heavily but yesterday evening it reached support and bounced. The bounce has taken it to 1.4300 and it will probably go even higher. The 0.0005x3 point and figure chart is showing two bullish upside targets: one at 1.4320 and the other at 1.4405. There is also the possibility that the support and resistance line at 1.4275 could halt the rally. However, the principle trend is still down and eventually the main bear trend should prevail and resume its descent. forex trading malaysia Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: trending down The euro rolled-over during the night and has been falling all today. There is no evidence of any weakness in the downtrend so it will propbably continue. However, it has reached oversold levels to there is the possibility of a short term bounce. It has reached a support and resistance line at the current 1.4220 level and it could rebound from here. Alternatively the S3 daily pivot at 1.4180 level could also provide a buying zone. Longer term it would be expected to make new lows. Belajar Forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/JPY: roll-over potential The EUR/JPY has rolled-over and is descending quite rapidly. There is a chance the trend has changed and we are into Elliot wave 5 down from the 7th June highs. There is a support and resistance level at 114.90 and a point and figure target at 114.45 which could act as consolidation zones. Alternatively the up-trend may simply continue with the 0.1x3 point and figure chart supplying an upside target at 116.00 which has still not been achieved. Belajar Forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: rolling over There is growing evidence the counter trend rally in the EUR/USD could be nearing an end. There is a head and shoulders pattern at the highs, it has touched the 50 day MA moving average and all the upside point and figure targets have been met. The expected move down will probably reach support at 1.4275 which is both the point and figure target down on the 0.0005x3 chart and the lower channel line of the whole counter-trend move. 外匯交易 Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

GBP/USD: technical analysis Previous forecasts, anticipating further bullish development should have been correct. The price recommenced its growth after a decline and is currently making another attempt to breach 1.6450/60 resistance line, where trading is now being carried out. Indicators have slightly changed their readings and now seem to be more in favor of growth, but they are still rather neutral, which makes the situation rather unclear. If the price breaches and holds above 1.6450/60 level, it will indicate the 'bullish' victory and suggest further growth to 1.6680/90 level. Support 1.6320 breakout, on the other hand, will change market sentiment to "bearish" and we'll be expecting trades to fall down to 1.6230/40 and then to 1.6100/10 level. Today's BoE interest rate decision gives reasons to be cautious, since it may push the trades either way. Forex| 外匯 Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: meeting resistance The EUR/USD pair is rising after touching channel support at the 1.43 lows. It has been trending up quite strongly but has now reached resistance at 1.4430 from a combination of the monthly pivot and the point and figure count on the 0.0005x3 chart. Weakness would lead to a fall back to 1.4370 first and then the 1.4360 lows. Forex| 外匯 Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/JPY: technical analysis The EUR/JPY pair is in a sideways move, hemmed in by support and resistance above and below , with 116.50 above and the ichimoku cloud base at the lows at 115.00. On the 0.1x3 point and figure chart a triangle pattern can be seen unfolding with support at 114.35 and resistance at 115.90. The smaller 0.05x3 chart has high and low counts with targets of 116.00 and 114.25, and a double bottom sell signal. The bias appears to be down initally, perhaps to 114.30, but a break in either direction is possible therafter. Forex| 外匯 Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: technical update The EUR/USD has contiued correcting the previous wave down and rallied higher, reaching almost 1.4200 after breaking above the 1.4092 level as forecast. There is a point and figure target higher at 1.4230, which could be reached but nothing above that. The uptrend seems neither particularly weak nor strong so it could continue higher or begin reversing. The correction as a whole has returned 61.8% of the previous decline, it has just met resistance from a trendline and leg C is equal to A but the exchange rate itself needs to fall lower before it can be assumed that the larger trend down has resumed. Forex| 外匯 Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: technical update The EUR/USD has contiued correcting the previous wave down and rallied higher, reaching almost 1.4200 after breaking above the 1.4092 level as forecast. There is a point and figure target higher at 1.4230, which could be reached but nothing above that. The uptrend seems neither particularly weak nor strong so it could continue higher or begin reversing. The correction as a whole has returned 61.8% of the previous decline, it has just met resistance from a trendline and leg C is equal to A but the exchange rate itself needs to fall lower before it can be assumed that the larger trend down has resumed. Forex| 外匯 Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: technical analysis The EUR/JPY is in a strong counter-trend rally which will probably continue. It has broken above the neckline of an inverted H&S at 116.50 and may well go much higher, with 119.50 s a target calculated from the pattern's length. The point and figure charts yield closer targets of 117.40 on the 0.05x3 and 118.00 on the 0.1x3 for a more conservative play. Forex| 外匯 Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

EUR/USD: technical analysis The EUR/USD pair has temporarily bottomed and today price has rebounded. At its current 1.44 level the rise has encountered sturdy resistance from the underside of the trendline for the move up from the January lows, the trendline down from the highs and the 23.60% Fibonacci line. It is possible it could resume its downtrend from here reaching a shelf of support at around 1.4250. However, the point and figure charts, are showing a cluster of bullish price targets at around 1.4500, indicating the possibility of a break higher, to perhaps the resistance line situated there or slightly above. Forex| Foreign Exchange Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.