Daily Forex Technical Forecast (Dec-05-2011)
EURUSD Forecast The EURUSD failed to continue its bullish correction on Friday, fell back below 1.3420 support area after the US NFP data. The bias is bearish in nearest term but note that as long as moving inside the bullish channel (see my hourly chart below) price is still in a bullish correction phase and [...]
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-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 [...]
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 [...]
GulfReserve Review
WARNING! THIS PROGRAM IS NOW GONE SOUTH AND CATEGORIZED AS SCAM. PLEASE DO NOT PARTICIPATE IN THIS PROGRAM… Hello everyone! Once again I am back with a review of another program, known for “sharing success” and lots of bonuses, attractive mid-term plans and, you’ve guessed it right! …I am talking about GulfReserve. GulfReserve is monitored [...]
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-13-2011)
EURUSD Forecast The EURUSD was volatile but indecisive yesterday. Price attempted to push lower, bottomed at 1.4123 but whipsawed to the upside, topped at 1.4276 but traded lower and hit 1.4183 earlier today in Asian session. The bias is neutral in nearest term with potential range area between 1.4250/80 – 1.4123. Since the failure of [...]