EUR/USD Targeting 50% fib level at 1.288? 4th March 2013

Good daytraders! Euro dollar fell below 1.30. Is the 50% fib level the next target? Stochastics is at oversold level but bullish cross has not yet happened. Macd is still trending lower. We do not have any bullish signals yet and there is a high chance of further down trend if the pair continues to

By |2015-04-29T11:27:55+08:00March 4th, 2013|Categories: Daily Technical Strategy, EUR Crosses|Tags: |0 Comments

Technical Analysis of Euro Dollar – 4th November 2012

Good day traders! The euro dollar looked heavy at the closing on Friday. The pair has broken below the bottom of the up trend line, tested once on Wednesday and fell with one large swoop on Friday. So, what can we look forward to next week? From the above chart, we can see that the

A MACD divergence on the Euro Dollar One Hour chart signalled an eventual 300 over pips correction

Good day traders! The chart below shows us a recent euro dollar move that saw a correction of more than 300 pips. There was divergence on the MACD on the 1 hour chart. The channel saw the price moving up whilst the MACD was pointing down. This divergence signal to us that there could be