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Intraday Technicals: EUR/USD Bear Head & Shoulders Emerging.
Last updated 05 January 2010 09:38 AM ET (GMT -5)
| EUR/USD (Short Term) | | Currently testing bearish head & shoulder neckline near 1.44 with room down to 1.4343, 1.4305. |
| GBP/USD (Short Term) | | Waiting for new pattern to emerge. |
| USD/JPY (Short Term) | | Waiting for new pattern to emerge |
| USD/CHF (Short Term) | | Waiting for pattern to emerge. |
| USD/CAD (Short Term) | | Waiting for new pattern to emerge |
| AUD/USD (Short Term) | | Waiting for pattern to emerge. |
| NZD/USD (Short Term) | | Waiting for new pattern to emerge. |
- EUR/USD
- GBP/USD
- USD/JPY
- USD/CHF
- USD/CAD
- AUD/USD
- NZD/USD
EUR/USD (Intraday Forecast)
Potential Strategy
Currently testing bearish head & shoulder neckline near 1.44 with room down to 1.4343, 1.4305.
| What is the trend? | Down |
| What is this pattern? | Head & Shoulders - See all chart patterns |
| Why is this significant? | short-term trend reversal |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.4563 | 38.2% |
| Resistance 2 | 1.4678 | 50% |
| Resistance 1 | 1.4787 | 61.8% |
| Current Price | 1.4413 | |
| Support 1 | 1.4370 | 50% |
| Support 2 | 1.4343 | 61.8% |
| Support 3 | 1.4305 | 78.6% |
- 4hr Chart -
- 30min Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
GBP/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge.
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.6036 | 23.6% |
| Resistance 2 | 1.6107 | 38.2% |
| Resistance 1 | 1.6165 | 50% |
| Current Price | 1.5979 | |
| Support 1 | 1.5973 | 161.8% |
| Support 2 | 1.5957 | 78.6% on daily |
| Support 3 | 1.57 | previous support/pattern completion on daily |
- Daily Chart -
- 1hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
USD/JPY (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 91.68 | 127.2% |
| Resistance 2 | 92.17 | 141.4% |
| Resistance 1 | 92.86 | 161.8% |
| Current Price | 92.43 | |
| Support 1 | 90.73 | 38.2% |
| Support 2 | 90.33 | 50% |
| Support 3 | 60.02 | 61.8% |
- Daily Chart -
- 2hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
USD/CHF (Intraday Forecast)
Potential Strategy
Waiting for pattern to emerge.
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.0507 | 100% |
| Resistance 2 | 1.0540 | 127.2% |
| Resistance 1 | 1.0582 | 161.8% |
| Current Price | 1.0336 | |
| Support 1 | 1.0280 | 38.2% |
| Support 2 | 1.0211 | 50% |
| Support 3 | 1.0141 | 61.8% |
- Weekly Chart -
- 4hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
USD/CAD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | 1.0604 | 61.8% |
| Resistance 2 | 1.0633 | recent resistance |
| Resistance 1 | 1.0680 | 161.8% |
| Current Price | 1.0454 | |
| Support 1 | 1.0404 | 100% |
| Support 2 | 1.0311 | 100% |
| Support 3 | 1.0193 | 161.8% |
- Weekly Chart -
- 4hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
AUD/USD (Intraday Forecast)
Potential Strategy
Waiting for pattern to emerge.
| What is the trend? | Neutral |
| What is this pattern? | Bullish Butterfly - See all chart patterns |
| Why is this significant? | converging fib support near D increases odds of temporary market reversal. |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | .8909 | 38.2% |
| Resistance 2 | .8964 | 50% |
| Resistance 1 | .9019 | 61.8% |
| Current Price | .8875 | |
| Support 1 | .8841 | broken may now act as resitance |
| Support 2 | .8711 | 161.8% of XA, 161.8% ABCD extension |
| Support 3 | .8594 | 161.8% on daily |
- Daily Chart -
- 4hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
NZD/USD (Intraday Forecast)
Potential Strategy
Waiting for new pattern to emerge.
| What is the trend? | Neutral |
| What is this pattern? | No pattern present - See all chart patterns |
| Why is this significant? | |
| What other indicators or Fib Levels support this thesis? | |
Reason for Strategy
| Resistance 3 | .7102 | 38.2% |
| Resistance 2 | .7143 | 50% |
| Resistance 1 | .7184 | 61.8% |
| Current Price | .7090 | |
| Support 1 | .6967 | 127.2% on 2hr |
| Support 2 | .6914 | 50% on daily |
| Support 3 | .6744 | 61.8% on daily |
- Daily Chart -
- 2hr Chart -
DISCLAIMER: The information provided below should not be relied upon as a substitute for extensive independent research before making your investment decisions. FX360 .com is merely providing these views for your general information. The information presented in the views below does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. In addition, any projections or views of the market provided by the authors may not prove to be accurate.
FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com
NOTE: All trade ideas on FX360.com are hypothetical. FX360.com has not placed these ideas in a live trading environment. Forex Trading involves high risks, with the potential for substantial losses that exceed your initial deposit and is not suitable for all persons. Past performance is not necessarily indicative of future results.
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The information, including Commentary and Trade Ideas, provided on FX360.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. Global Forex Trading and FX360 .com is merely providing this information for your general information. The information and opinions presented do not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. Any projections or views of the market provided by FX360.com may not prove to be accurate.
The views of the authors and analysts are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. FX360.com and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on FX360.com. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.