Daily Forex Technical Forecast (May-31-2011)
EURUSD Forecast The EURUSD continued its bullish momentum, break above 1.4340 and hit 1.4405 earlier today in Asian session. The bias remains bullish in nearest term testing 1.4420/70 resistance area (50% Fibonacci retracement of 1.4939 – 1.3968). A clear break above that area would be a threat to the medium term bearish outlook since the [...]
Primfix Review
WARNING! THIS PROGRAM IS NOW GONE SOUTH AND CATEGORIZED AS SCAM. PLEASE DO NOT PARTICIPATE IN THIS PROGRAM… Hello everyone! Today, I have written a review for an increasingly popular investment program called Primfix. I believe most of you are already aware of this program as its almost 2 months old and recognized on wide [...]
MonetaryPress is Back to Business!
MonetaryPress is back to business, in fact its third time in last couple years since we had to leave for temporary periods but this time its for keepings, and here I am, trying my best to convince my current and potential readers that from now on MonetaryPress will be a regular blog and monitor. MonetaryPress [...]
Daily Forex Technical Forecast (May-30-2011)
EURUSD Forecast The EURUSD continued its bullish momentum on Friday, closed at 1.4315. As you can see on my hourly chart below price is moving inside the bullish channel suggests a bullish intraday outlook since the failure to make a clear break below 1.4000, testing 1.4340. Note that the medium/h4 chart bearish scenario since the [...]
Daily Forex Technical Forecast (May-27-2011)
EURUSD Forecast The EURUSD was volatile yesterday but overall still able to maintain its bullish intraday bias so far after found support around 1.4070. On hourly chart below we can see price is moving inside a minor bullish channel suggests a bullish outlook since the rejection to move consistently below 1.4000. However, note that the [...]
Daily Forex Technical Forecast (May-26-2011)
EURUSD Forecast The EURUSD attempted to push lower yesterday, but failed to make a clear break below 1.4000 key support area and whipsawed to the upside hit 1.4171 earlier today in Asian session. The bias is bullish in nearest term testing 1.4230. A clear break above that area could trigger further bullish pullback testing 1.4300/50 [...]
Daily Forex Technical Forecast (May-25-2011)
EURUSD Forecast The EURUSD was corrected higher yesterday, topped at 1.4132 but traded lower earlier today in Asian session and hit 1.4032. On hourly chart below we can see price break below the minor trend line support (red) after failed to move above 1.4140 resistance area suggests potential bearish intraday outlook retesting 1.4000 key support [...]
Daily Forex Technical Forecast (May-25-2011)
EURUSD Forecast The EURUSD was corrected higher yesterday, topped at 1.4132 but traded lower earlier today in Asian session and hit 1.4032. On hourly chart below we can see price break below the minor trend line support (red) after failed to move above 1.4140 resistance area suggests potential bearish intraday outlook retesting 1.4000 key support [...]
Daily Forex Technical Forecast (May-24-2011)
EURUSD Forecast The EURUSD continued its bearish momentum yesterday, slipped below 1.4000 psychological level but still unable to stay below that key support area so far. The bias remains bearish in nearest term especially if price able to make a clear break below 1.4000 testing 1.3860 – 1.3750 support area this week. Immediate resistance at [...]
Daily Forex Technical Forecast (May-19-2011)
EURUSD Forecast The EURUSD was indecisive yesterday, made a Doji on daily chart but overall still able to maintain its bullish intraday bias after found support around 1.4200 and hit 1.4305 earlier today in Asian session. The bias is bullish in nearest term testing 1.4338. A clear break above that area could open the door [...]