Forex Forum - EarnForex
Serving Traders Since 2005
 

Go Back   Forex Forum - EarnForex > Forex Discussions > Technical Analysis

Technical Analysis Provide and discuss the technical analysis of the Forex market.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 26th December 2010, 16:47
Default Avatar
Junior Member
 
Join Date: Dec 2010
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Thumbs up EURUSD GBPUSD AUDUSD USDCHF Weekly Analysis

My strategy of forex trading is quite simple. I refer heavily to candlesticks, chart pattern and technical indicator.
Technical indicators that I am refering to are
1) Moving Average 200, 100, 50 and 5
2.) Bollinger band 20,2,0
3.) ATR

EURUSD Weekly Analysis 26122010
By BC,

Weekly Chart : EURUSD is currently below 100MA, 20MA and 5MA which is weak. A doji appeared last two weeks ago show that market is trying to rebound but Shaven head this week confirmed the rebound was failed. I am expecting the market continue to falls this week.

EURUSD Weekly Chart
Daily Chart : Daily chart ended higher than thursday and slightly above 5MA suggesting it might start to rebound. Because of weekly chart was in bearish mode, the rebound should be capped by 100MA. For Monday, it should be close flat or slight higher than Friday, expecting low volatility as now is holiday session.

EURUSD Daily Chart
Hourly Chart: Bollinger band and chart shape started to squeeze and 100MA had been broken, suggesting a rebound might following after this. However currently this chart is still under 100MA, 20MA and 5MA which is still in bearish mode.

EURUSD Hourly Chart

Conclusion: Weekly chart is bearish, daily chart is flat and hourly chart is flat with opportunity of rebound . It suggested that market might rebound in the start of this week and continue with slides.
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
EURUSD, GBPUSD and GOLD forecasts Strategist Technical Analysis 5 3rd January 2011 09:38
Exto Capital EURUSD & GBPUSD Exto Capital Technical Analysis 0 9th May 2010 21:44
eurusd & gbpusd realtime signals BH-Eurofighter Forex Signals 1 13th December 2009 22:21
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD) dailyforexnews Technical Analysis 0 5th November 2009 08:48


All times are GMT. The time now is 19:03.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2012, vBulletin Solutions, Inc.
Inactive Reminders By Icora Web Design

SEO by vBSEO 3.3.2