EUR/USD 19/09/2012 - 60 minute Chart Analysis

[ddukic]

EUR/USD 19/09/2012 - 60 minute Chart Analysis

 

http://fxlisting.net/images/eurusd60-19092012.jpg

 

EUR/USD – 60 MIN

 

COMMENTS: Straight away. If the parity does not succeed to pass above the 50SMA we will definitely find it, pretty soon, hovering around the 200SMA moving immediately below. Obviously it is too early since the European trading session did not start yet; nevertheless the inability of the parity to exceed the 50SMA is a sign of weakness.

SUGGESTIONS: At this time frame there is little reliability for positions of long standing time periods. The 60min chart is a good time frame for short time periods trading of positions. So, if the parity stays below the 50SMA, you stay on short positions with stop loss above the 50SMA. Vice versa, long positions must be preferred after the parity crosses from below the 50SMA with stop loss below the same SMA. The RSI of 14 periods is very sensitive and early enough indicated the swing performed during yesterday’s trading.

[ddukic]

EUR/USD 19/09/2012 - 4h Chart Analysis

 

http://fxlisting.net/images/eurusd240-19092012.jpg

 

EUR/USD – 4 HOURS CHART

 

COMMENTS: The Stochastic of 14 periods is already recovering from the over-sold zone. The 50SMA is approaching from below while the U1 trend line is getting ready to act as supporting element with its outside. In addition, the brown horizontal line is still reliable and may play an important role in the evolution of the parity’s path.

SUGGESTIONS: All the suggestions made yesterday on the same time frame chart are valid. Yesterday’s trading did not change the picture much. The stop loss levels were not hit yet. The recent trading is just expressing the uncertainty of the traders although the circumstances would be favorable for a further up move of this parity.

[ddukic]

UR/USD 20/09/2012 - 4h and 60min Chart Analysis

 

http://fxlisting.net/images/eurusd60-20092012.jpg

 

UR/USD 60min Chart

 

COMMENTS: The chart you observe is a blowup of the 60min chart I have posting since many days now. This chart is zeroing on the last few 60min trading as of the beginning of trading during last Sunday. As you can observe the parity moved within the d1-d2 channel and continues doing it. This right moment the 200SMA is set at 1,29706usd a level indicating the very next supporting level. Although the 60min chart is of short time frame, the 200SMA is always a level to consider. In addition to the 200SMA you must consider the 3.23 Fib grade-level that will enhance the supportive action of this area in general. So, a reaction must be expected. In case the parity “slips” through this level and the red channel d1-d2 surrenders there is a considerable fall to follow up to the 2.618 Fib grade-level.

SUGGESTIONS: The parity is compressed between the two SMAs. By the books, the 200SMA is stronger therefore: Please wait until the parity reaches around the 1,29446usd level to open positions on both directions. Keeping this level as trading pivot, you should set the relative stop loss levels for the long and short positions, respectively. The short positions already running must reduce exposure as the parity approaches the 1,29466 level. Good luck !!

 

EUR/USD – 4 HOURS CHART

 

http://fxlisting.net/images/eurusd240-20092012.jpg

 

COMMENTS: The same supporting level described in the 60min chart is presented here too by the brown horizontal line indicating a strong level for which we discussed in previous days. By the manuals: “supports and resistances change identity into the exact opposite, once “broken” the first time”. So, on the way up the brown horizontal line was a resistance while now, on the way down, it is “transformed” in support. Technically, the described level includes too many supporting elements thus it would sound logical to forecast, at least, a delay in the evolution of the eventual further fall of the parity. Otherwise, the positive reaction of the up to now correction will “push” the parity to its next upward target of the4.25 Fib grade-level.

 

SUGGESTIONS: In combination with the suggestions given with the 60min chart, you can appreciate a larger picture view in order to sustain for longer time your successful positions.

[iqofgenius]

So what is the bottom line? Where is it going and when?

[manu1713006157]

So what is the bottom line? Where is it going and when?

 

LOLz Sorry I couldn't help stop Laughing

[ddukic]

EUR/USD 24/09/2012 - 4h Chart Analysis

 

http://fxlisting.net/images/eurusd240-24092012.jpg

 

EUR/USD – 4 HOURS CHART

 

COMMENTS: The subject chart expresses best the present set up of this parity that was compressed during the trading of last week between the brown horizontal line and the blue trend line U1. The role played by the two Fibo scales marked respectively with blue and red arrows, is evident, the grades of both scales play the role of support and resistance levels on the path of the parity’s evolution.

 

SUGGESTIONS: As it looks right now, the most probable forecasted direction is downwards provided the parity does not gain a position above the brown horizontal line. So, any new short positions keep their status and you must be ready to increase your short exposures in case the parity falls. You set your stop loss a little above the brown line. If you prefer the long direction, you must wait for the parity to clear the previous local high achieved during the trading of last Friday.

[ddukic]

EUR/USD 25/09/2012 - 4h Chart Review and Analysis

 

http://fxlisting.net/images/eurusd240-25092012.jpg

 

EUR/USD 60 MIN ENGLISH

 

COMMNETS: The parity is still below the U1, blue trend line. As per yesterday's suggestions, once the parity would pass below this U1 trend line, new short positions were supposed to be open with stop loss a little above the same blue trend line U1. So, I suppose that similar positions already exist. If you did not open these "short" positions you still can do it conditioned by the inability of the parity to go above the U1 trend line. The red channel d1-d2 may be the "avenue" that will guide the parity's very near future path.

 

STRATEGY SUGGESTIONS: For as long we stay below the U1 trend line it is "short". Stop loss a little above the U1. Remember that prolonged moves exhausting at Fibo grades like 4.25 or 6.85, very often, may correct the previous trend, all the way down to its minimum swing, or, otherwise called, its basis. As far as any long positions, still profitable, because already opened at earlier levels, you should drastically decrease their exposure.

[ddukic]

EUR/USD 26/09/2012 - Daily Chart Analysis and Suggestion

 

http://fxlisting.net/images/eurusdD-26092012.jpg

 

EUR/USD DAILY CHART

 

COMMENTS: Today 26 Sept 2012, I will be using a daily chart for the trading analysis. The daily chart expresses better the happenings in this parity since last Friday. As you observe the parity is approaching from above the 50SMA that will present a supporting action. Looking at this point of the chart under Elliott’s Wave theory combined with Fibo relation between the various grades of the Fibo scale measuring specific Elliott’s Waves, we may convincibly sustain that recent local high may easily represent the exhaustion of the “bear market rally” from the local low of 1,20usd about. If such scenario will be proved reliable the return to a weak Euro will be a “one way” road that could lead this parity to levels significantly lower than the recent low of 1,20 about. Alternatively, the 50SMA supports in the very near future the parity thus a reversal is created and the parity returns to move upwards.

 

SUGGESTIONS: The existing short positions remain opened until the crossing between parity and the 50SMA. At this forthcoming crossing, either, you minimize your short exposure, or, you close the short positions. As far as the stop loss strategy, by keeping the short positions opened, you are obliged to make a “trailing stop loss” strategy in order to protect your profits. For long positions or for new short positions, or for increasing your exposure on previously opened short positions, the crossing of the parity and the 50SMA constitutes the “trading pivot” point. For new long positions, the stop loss is set below the 50SMA. For new short position that will be opened after the parity crosses the 50SMA, stop loss level is set little above the 50SMA.