By admin on 28/07/2010
EURO and GBP are holding high without much of upward stop hunts indicating that the players are testing the patience of the short sellers to make short covering before the slide and
Posted in Forex Master | Tagged consolidation, higher, lead, level, may, slide, to
By admin on 23/07/2010
Price action on USD/JPY (a 4-hour chart of which is shown) as of Tuesday (7/20/2010) morning, has formed a flag-like retracement/consolidation formation within a strong downtrend. This potentially bearish retracement/consolidation pattern occurs right around the key 87.00 support/resistance region. For more technical analysis on this currency pair, please click here for Tuesday’s (7/20/2010) Chart of [...]
Posted in Forex Master | Tagged consolidation, downtrend, usdjpy, within
By admin on 10/03/2010
EURO and GBP are making lower level consolidation during Japanese session.
They are expected to fim up some during late japanese session and early European session to slide moderately during late European session .After brief swing near low they are expected to firm up during US session.they are expected to close above intra-day high of today [...]
Posted in Forex Master | Tagged a, consolidation, day, of
By admin on 21/02/2010
If you are in debt up to your eyeballs, the fantasy of debt consolidation sounds wonderful and can suck you right in. It would be great if someone had the power to shrink your debt into one little package and shrivel that debt into only one hundred dollars or so.
When someone has outstanding debt, [...]
Posted in Forex Master | Tagged avoid, can, consolidation, how, problems, you
By admin on 20/02/2010
EURO and GBP are making lower level consolidation with small swings creating lot of uncertanities.excepting GBP all other pairs have very less net change indicating it is a process of patient testing.
I am expecting a small dip may be up to low in some pairs around 13:30 GMT and then firming up moves during US [...]
Posted in Forex Master | Tagged again, consolidation, level, lower
By admin on 10/02/2010
Price action on GBP/USD, a daily chart of which is shown, has finally begun to show a bearish emergence from the sideways consolidation that has characterized this currency pair on a long-term basis for several months now. A clean breakdown below the 1.5700 support region last Friday represented a tentative breakdown below the consolidation, in [...]
Posted in Forex Master | Tagged bearish, breakdown, consolidation, gbpusd, of, potential
By admin on 23/01/2010
Price action on EUR/USD, a daily chart of which is shown, has made a marked breakdown of a bearish continuation flag pattern that previously appeared to be on the verge of becoming invalidated. After the false upside tests of last week (which reached up to the key 38.2% Fibonacci retracement level of the initial downtrend [...]
Posted in Forex Master | Tagged breakdown, consolidation, eurusd, flag
By admin on 08/01/2010
Price action on USD/CHF (a daily chart of which is shown) has, much like its EUR/USD counterpart, formed a solid flag pattern. In the case of USD/CHF, this potentially bullish flag formation occurs after a tentative bottom was established just below parity. The top of this flag conforms approximately to a downtrend resistance line extending [...]
Posted in Forex Master | Tagged consolidation, flag, in, usdchf
