Daily Forex Technical Forecast (Oct-26-2011)
EURUSD Forecast The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase since bounced from 1.3145 and violated the bearish channel as you can see on my daily chart below but found a good resistance around 1.3913/50. The area between 1.3913 – 1.4000 could be [...]
Daily Forex Technical Forecast (Oct-25-2011)
EURUSD Forecast The EURUSD was able to maintain its bullish intraday bias yesterday. Price attempted to push lower after some bad Euro zone manufacturing/services PMI numbers but found a good support around 1.3820 before closed higher at 1.3918. My overall intraday bias remains bullish, still testing 1.4000 key/major/psychological level but there are hesitations to make [...]
EliteGain Review
THIS PROGRAM HAS STOPPED PAYING. PLEASE DO NOT INVEST ANY MORE IN THIS SCAM. Its been a while since any activity at MonetaryPress, slowly, but we are progressing. Right now, not a lot of action going on around us and currently EliteGain is the only program that is monitored by MonetaryPress for now. Only one [...]
Daily Forex Technical Forecast (Oct-24-2011)
EURUSD Forecast The EURUSD was indecisive last week. As you can see on my hourly chart below price is moving inside a range area of 1.3913 – 1.3670/55. However as long as price stays above 1.3670/55 the bullish phase since bounced from 1.3145 and broke above the bearish channel should remain intact. A clear break [...]
EUR/USD Weekly Summary (Oct-22-2011)
The EURUSD was indecisive this week. Price attempted to push lower on Tuesday and Thursday but found a strong support around 1.3670/55 before closed higher at 1.3894 on Friday. On my h4 chart below we can see price is moving in a range area between 1.3913 – 1.3670/55. However the overall technical bias remains bullish [...]
Daily Forex Technical Forecast (Oct-21-2011)
EURUSD Forecast The EURUSD had another volatile but indecisive movement yesterday. If you look at the daily chart, price has been closing near the opening price since Tuesday, simply suggests indecisive condition. I prefer to see price action this week as a sideways condition between 1.3913 – 1.3670/55 now. My H&S scenario seems failed, but [...]