日本語
Español
中文
Русский 
- New York 09:23
- London 14:23
- Barcelona 15:23
- Tokyo 23:23
- Sydney 01:23
Timeframe Breakdowns
4
0
GBP/USD is in a downward channel
Fri, Jul 3 2009, 08:49 GMT
by Ian G Coleman
EURUSD
4HR
We broke out of an ascending wedge formation yesterday. Breakouts from these formation are normally quite aggressive. I have emphasised the MACD to show that the 4 HR trend line is still holding on. MA’s are in order to sell. We had Class A divergence at 14203 to sell.
An ABC correction would take us down to 1.3764. The previous low is at 1.3748
GBPUSD
1HR
We are in a downward channel. We have been trading sideways for the last two days. MA’s are mixed. A break of 1.6325 would signal a potential move down to 1.6240
EURGBP
4HR
We broke out of the descending wedge and have been trading in a slightly upward manner but with no real trend. The 4HR MACD trend line is holding to the upside. If we break the trend line, look to .8460 as the possible target (ABC formation)
USDJPY
1HR
This move up looks corrective. We are making a near prefect Elliott Wave formation. The MASCD trend line is holding (just) and we have not had a clear break of the 20 SMA to the upside. If the MACD holds I would look to 95124 as a possible target (previous low at 95050)
GBPJPY
1HR
Similar picture to the USDJPY. As long as we hold the MACD trend line I would look to 15485 as a possible target. We need to break the low at 15646 first.
Published on Fri, Jul 3 2009, 09:18 GMT
Archive
- EURUSD / EURGBP / EURJPY / GBPUSD
Published On Tue, Nov 24 2009, 09:19 GMT - GBPUSD / AUDUSD / EURGBP / EURUSD
Published On Fri, Nov 20 2009, 09:56 GMT - GBPUSD / EURUSD / EURGBP / AUDUSD
Published On Thu, Nov 19 2009, 09:18 GMT - GBPUSD / EURUSD / USDCHF / AUDUSD / USDJPY
Published On Wed, Nov 18 2009, 12:49 GMT - EURUSD / USDCAD / GBPUSD
Published On Tue, Nov 17 2009, 09:48 GMT
Turtle Futures
| One Moulsham Street. Chelmsford - Essex CM2 0HR
http://www.turtlefutures.com | ian@turtlefutures.com
Legal disclaimer and risk disclosure
This technical analysis report has just an informative meaning and cannot be treated as the guide to action or an offer to carry out certain trading operation. The publication is not an offer or solicitation of any offers to purchase or sell any securities, currency or financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. The author and publisher of this report shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated. Any advice is general and does not take into account your objectives, financial situation and needs. You should always consider whether it is appropriate for You. Turtle Futures or staff may perform business services, hold, establish, change or cease to hold positions in any securities, currency or financial instrument mentioned in this publication.Related reports
Fundamental Currencies Comments - Currencies ahead of U.S. data by ecPulse.com
Tue, Nov 24 2009, 11:34 GMT
Market Session Recaps - London Session by FOREX.com
Tue, Nov 24 2009, 11:33 GMT
Daily FX Report - The AUD/JPY fell to 81.85 and the NZD/JPY fell to 64.80 by Varengold Wertpapierhandelsbank AG
Tue, Nov 24 2009, 11:04 GMT
European Market Update - German IFO survey hits 15 month highs by TradeTheNews.com
Tue, Nov 24 2009, 11:00 GMT
Daily Trading Forecast - USD Still Waltzes to the Same Tune by Swiss e Trade AG
Tue, Nov 24 2009, 10:58 GMT
eurusd, highlighted, gbpusd, techexclusive, gbpjpy, usdjpy
View AllRelated content
Forex: USD/JPY breaks below 88.55, to 88.35, 6-week low after GDP
FXstreet.com | Tue, Nov 24 2009, 13:56 GMT
U.S. 3Q preliminary GDP rises below advanced estimations; Dollar and Yen up
FXstreet.com | Tue, Nov 24 2009, 13:46 GMT
US 3Q GDP +2.8%; Less Than Earlier Estimated
Dow Jones | Tue, Nov 24 2009, 13:45 GMT
US 3Q Real Personal Consumption Expenditures increase 2.9%
FXstreet.com | Tue, Nov 24 2009, 13:35 GMT
US 3Q GDP rises 2.8%
FXstreet.com | Tue, Nov 24 2009, 13:34 GMT
eurusd, highlighted, gbpusd, techexclusive, gbpjpy, usdjpy
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.