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FX Technical Strategies

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FX Technical Strategies

Fri, Feb 13 2009, 00:14 GMT
by Lea Peters

FXUniversity


EUR/USD : 4 -hour chart , analyzing extreme volatility, and bears not able to sustain the break of the trendline. This chart should help us making trade decisions for the upcoming session tomorrow. Return to 1.2820-15 area will put bears back in charge at least back down to the previous swing-low. However, back above 1.2933 will attack 1.300-level again. As far as dailies concerned, only close above 1.3100 would make longs higher probability trades.EUR/USD

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FX Technical Strategies

Wed, Feb 11 2009, 02:12 GMT
by Lea Peters

FXUniversity


EUR/USD : long term bearish. You can see it within the WD GANN “ fan” very well. Technical levels of interest : as long as we stay below 1.3100 ( has proved tough resistance for the bulls so far ), we will be looking to return to the previous year’s lows. @ 1.2320-level.
Only back above 1.3340-50 level, the bulls can really load up on their longs to 1.3780-area first.EUR/USD : long term bearish. You can see it within the WD GANN “ fan” very well. Technical levels of interest : as long as we stay below 1.3100 ( has proved tough resistance for the bulls so far ), we will be looking to return to the previous year’s lows. @ 1.2320-level.
Only back above 1.3340-50 level, the bulls can really load up on their longs to 1.3780-area first.EUR/USD

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FX Technical Strategies

Mon, Feb 9 2009, 01:27 GMT
by Lea Peters

FXUniversity


AUD/CAD : bullish reversal on the daylies and we have a buy-stop order . @.8360.
The bulls should visit ..8478 first, with .8680 to follow.
Only under .7950 negates the bullish view and brings bears back in force to attach the .7720 level first.AUD/CAD daily opportunities

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FX Technical Strategies

Wed, Feb 4 2009, 20:43 GMT
by Lea Peters

FXUniversity


AUD/JPY set-up
AUD/JPY : consolidating the last bearish move.
For the bears : needs to stay below 58.70 to continue shorting on the dailies., looking to take out 55, with 55.50 to follow.
Only close back above 58.70 will bring the bulls in , looking to attack the market to 60.00 first.


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FX Technical Strategies

Fri, Jan 30 2009, 03:11 GMT
by Lea Peters

FXUniversity


AUD/JPY : we went short again on the return of the risk aversion and the yen strengthening , technicals conforming to the resumption of the downtrend. Looking to gain momentum to 56.25 first with the 55.00 to follow.
Short term : bearish
Medium term : bearishAUD/JPY set-up
Long term : bearish 

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FX Technical Strategies

Wed, Jan 28 2009, 02:56 GMT
by Lea Peters

FXUniversity


AUD/USD : bullish divergence recognized and we went long. Looking for the AUD/USD to take out .6800-level on the upside.
Only below 1.5750 will bring bears back into marketAUD/USD

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FX Technical Strategies

Mon, Jan 26 2009, 15:16 GMT
by Lea Peters

FXUniversity


EUR/USD : bullish divergence on the daily charts: we have gone long
EUR/USD : buy @ 1.3140 on the Daily chart ( .5% equity)
TL1 : 1.3300
TL2 : 1.3380
TL3 : 1.3500
S/L : 1.2847 EUR/USD

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FX Technical Strategies

Fri, Jan 23 2009, 00:09 GMT
by Lea Peters

FXUniversity


USD/JPY : recovering today
During global economic slow-down, investors still look @ yen as a “safe haven” and further appreciation of yen is still expected. Yen is currently recovering from the last week’s lows.@ 87.16. The close back above 91.30 should bring a stronger recovery towards 94.70 first. On the downside, the bear trend will resume targeting the 100% projection of 94.70 to 88.46 form 91.26 @ 84.99 first , with the longer term target of 82.29.
Selling rallies is a preferred strategy.USD/JPY : bearish

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FX Technical Strategies

Wed, Jan 21 2009, 18:28 GMT
by Lea Peters

FXUniversity


AUD/JPY : bearish trend resumes.
We have shorted the currency today on the trend resumption from 58.16. Our initial target of 55.90 is about to be achieved. The next leg down is a 100.0 % Fib expansion @ 52.04. Expecting this pair to fall all the way down to 50! Only above 60.64 will bring bulls back in force.
www.fxuniversity.org
AUD/JPY set-up

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FX Technical Strategies

Tue, Jan 13 2009, 18:16 GMT
by Lea Peters

FXUniversity


USD /JPY : currently @ 89.25
Short term : bearish .
Medium term : bearish
Long term : bearish
Technicals : we have been booking big profits shorting intraday. So far, the bias remains bearish , with the next downside target @ 88.10, and a possible retest of 87.15 to follow.
The bulls will come to town only on the return back to 90.22 with the first upside level to be targeted @ 91.75
For the more in-depth daily analysis, go to www.fxuniversity.orgbearish

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FX Technical Strategies

Fri, Jan 9 2009, 00:01 GMT
by Lea Peters

FXUniversity


eur/usdEUR /USD :
Long term : bearish
Medium term : neutral
Short term : bullish

Currently @ 1.3697.
Be prepared for more upside as long as 1.3530 hold ( 50 % retrasement of the last leg up). First level on the upside to be addressed : 1.3840 with 1. 4370 to follow. Break above will renew medium term bull trend with the projection back upto 1.4318.
For the bears to take over downside of the 1.3550 will have to be removed to attack 1.3230 first.

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USD/JPY

Wed, Jan 7 2009, 00:37 GMT
by Lea Peters

FXUniversity


USD/JPY : bullish USD/JPY :
Long-term: bearish
Medium -term : neutral
Short-term : bullish
Strategy : we have booked 300 pips from 91 ( Bollinger Band 20 MA ) . What to look for from here : would continue buying on dips up to 95.70 first with 97 to follow. Only back below 90.90 would bring bears back into picture with the projected target down to 88.25 ( 61.8 % fib expansion) . For more technical analysis go to www.fxuniversity.org.

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FX Technical Strategies

Sat, Dec 20 2008, 16:33 GMT

FXUniversity


EUR/USD :  continue shorting below 1.3805 to 1.3650 first and 1.3412 to follow. Only back above 1.4397 will bring daily bull  strength back to address 1.4710  with the 1.4936 to follow

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FX Technical Strategies

Mon, Dec 15 2008, 18:41 GMT

FXUniversity


bearishUSD/JPY :
Long-term : bearish
Medium term : bearish
Short term : bearish.
Not too much action today. But the close below 90.30 would resume the downtrend. I would short to 89.50 (which is  61.8% retrasement of the rise from 88.15 to 91.93 ), with the next leg down to take out previous lows @ 88.15.
Only close above 93.00 will put bring bulls back into picture with the run up to 94.05 first

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FX Technical Strategies

Thu, Dec 11 2008, 00:22 GMT
by Lea Peters

FXUniversity


USD/JPY : bearish still, currently in consolidation.
Below 91.50 - would short to the 90.70 -level first.
Above 93.11 , going long to 94.43 would be my preferred strategy. Correlate with the DOW and equities’ stability factor to help you make trading decisions on this pair

USD/JPY

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FX Technical Strategies

Mon, Dec 8 2008, 16:32 GMT
by Lea Peters

FXUniversity


AUD/USD : be prepared to buy @ 6680.Looking for 40 initially. Daily target 6785
AUD/CAD : position long trade . Next level up : .8490. next level up ( my position target ) : .87870

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FX Technical Strategies

Thu, Dec 4 2008, 00:35 GMT
by Lea Peters

FXUniversity


Bears rule


EUR/USD : Consolidation is never fun to trade. However, Euro is preparing for a major break again. Reutrn to the previous lows @ 1.2330 will officially resume the downtrend to meet the next level down @ 1.2130 , which is a 50% retracement of a long-term uptrend . Only above 1.3085 will put the bulls in charge again to make advance to the 1.3300 area first.

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FX Technical Strategies

Tue, Dec 2 2008, 17:30 GMT
by Lea Peters

FXUniversity


bearish
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USD/JPY : shorting still a far preffered strategy all the way back down to 90.90. Only daily close above 96.50 will put bulls in charge towards 96.15 first

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USD/JPY

Thu, Nov 20 2008, 15:50 GMT
by Lea Peters

FXUniversity



USD/JPY

USD/JPY : what is here to say? In times of turmoil yen loves misery. Translation : it is going to continue growing stronger for as long as equities slide , effected by the global economic slow-down. Technicians will continue shorting with accelerating momentum below 94.50 looking for a 100pips on the downside first, eventually looking to take out recently established lows @ .91, projecting next leg down to .89.

To bring the bulls into play, daily close above .95.25 is needed to push momentum further up to 99.50 first.

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FX Technical Strategies

Sun, Nov 16 2008, 16:33 GMT
by Lea Peters

FXUniversity


EUR/USD : the bear strength of this major is so pronounced that even rallies are very short-lived. The most current price action is suggestive of the further downward move with the previous lows of 1.2330 to be taken out. Only daily close above 1.2830 would indicate stronger intraday rally . Strategy : sell rallies to 1.2830.

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EUR/USD

Fri, Nov 7 2008, 15:47 GMT
by Lea Peters

FXUniversity


EURUSD

  • Short term : neutral,
  • Medium term : bearish
  • Long term : bearish
  • Current resistance : 1.2850
  • Current support : 1.2650
  • Strategy: would short rallies to 1.2900-1.300

Dailies : close below 1.2530 will resume the downtrend and revisit the previous lows of 1.2330 first, with the next leg down projected @ 1.2120

On the upside : only close above 1.3100 will change the short term momentum and bring bulls into the market with the levels up to 1.32560 first

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EUR/USD

Tue, Nov 4 2008, 14:00 GMT
by Lea Peters

FXUniversity



EUR/USD

EUR/USD :

Currently :1.2819.

  • Short-term - neutral - to - bullish
  • Medium term : bearish
  • Long term : bearish.

Technical’s :

Currently in the perfect “symmetric triangle consolidation”,

Daily close above 1.2950 will push bullish momentum further up to 1.3080 first.

On the downside : close below previous day low ( @1.2526 ) will resume the bearish trend and will aim @ retest previous recent lows @ 1.2327.

Fundamentally:

The real “purchasing “ value of the Euro dollar lies around 1.20 USD.. The speculative momentum though could drive the price up without having visited those levels first.

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USD/JPY and EUR/USD

Thu, Oct 30 2008, 14:05 GMT
by Lea Peters

FXUniversity


USD/JPY

USDJPY

  • Short term : bullish -to - neutral
  • Medium term : bearish
  • Long term: bearish

On the upside: break and close above 101 could push towards 103, above which bulls could step in with more power.

On the downside : close back below 95.50 will resume the bearish trend and loss of the 90-level could extend further low towards 82.50



EUR/USD

EUR/USD


The bearish structure speaks of itself. Great strides to the upside are still considered corrective. Only above 1.3888 the bulls will be in charge.

Close back below 1.25 should bring the resumption of the downtrend with the possibility of the next leg down to 1.21



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GBP/USD

Thu, Oct 30 2008, 10:59 GMT
by Lea Peters

FXUniversity



GBP/USD

  • Short term :bullish
  • Medium term : bearish
  • Long term bearish

Need to close above 1.6800 to continue recovery. Above 1.7700 will term medium term to bullish. Bulls will get back in charge only on close above1.8700.

On the downside , daily close back below 1.5700 will take previous lows out and could extend its next leg down to 1.4580

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USD/JPY

Thu, Oct 30 2008, 10:54 GMT
by Lea Peters

FXUniversity



USD/JPY

Currently: 97.33

  • Short term : bullish -to - neutral
  • Medium term : bearish
  • Long term: bearish

On the upside: break and close above 101 could push towards 103, above which bulls could step in with more power.

On the downside : close back below 95.50 will resume the bearish trend and loss of the 90-level could extend further low towards 82.50

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FX Technical Strategies

Mon, Oct 27 2008, 11:39 GMT
by Lea Peters

FXUniversity


Chart


  • Currently @ 1.3425
  • Support : 1.3349 ( October 16 low), 1.3258, 1.3060
  • Resistance : 1.3537, 1.3690, 1.3785

Intraday traders: shorting on failures below 1.3537 ( 61.8% Fibonacci projection form 1.6035 to 1.3885 @ 1.4866 ) is a viable scenario. Buying opportunities: clean break and hourly close above 1.3540 will push the momentum higher towards 1.3687 - level first)

Position traders: Daily close below 1.3400 would indicate resumption of the bear trend. Long term targets on the downside: 1.3060 with the 1.2720 to follow ( 100% Fibonacci projection from 1.6035 to 1.3885 @ 1.4866 and a Daily spike low from February 6, 2005).


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