The pair surged back to the 78.00 level. However, while it trades below 78.00, the risks are still on the downside, and we could see...
The pair surged back to the 78.00 level. However, while it trades below 78.00, the risks are still on the downside, and we could see a new attempt to reach the 76.30 low. Only a clear break above 78.00 could trigger a rebound towards the 50-Day SMA by 80.00. Breaching the 80.00 level would allow testing the 100-Day SMA by 81.00 and the 200-Day SMA by 81.80.
Edward Smith,...
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Technical Analysis
Technical Analysis: GBP/USD
August 01, 2011 - 10:39
The pair broke above the 1.6400 level and could reach the 1.6550 resistance in a short-term. Breaking above 1.6550 would open a door for...
The pair broke above the 1.6400 level and could reach the 1.6550 resistance in a short-term. Breaking above 1.6550 would open a door for additional gains towards the 1.6750 resistance. The nearest support is still eyed by 1.6200-1.6260, right where the 100-Day SMA and the 50-Day SMA reside. Only a clear break below 1.6200 would confirm a shift in a structure and accelerate declines...
Technical Analysis: EUR/USD
August 01, 2011 - 10:38
The pair surged back above the 100-Day SMA and the 50-Day SMA, both residing by 1.4330. Should it hold on its gains and then...
The pair surged back above the 100-Day SMA and the 50-Day SMA, both residing by 1.4330. Should it hold on its gains and then consolidate above 1.4400, the uptrend will likely continue towards the 1.4580 resistance. Otherwise, we could see a new decline towards the 1.4000 support or the 200-Day SMA by 1.3930.
Edward Smith, technical analyst of company Admiral Markets.
At any use...
Technical Analysis: EUR/USD
August 01, 2011 - 10:38
The pair surged back above the 100-Day SMA and the 50-Day SMA, both residing by 1.4330. Should it hold on its gains and then...
The pair surged back above the 100-Day SMA and the 50-Day SMA, both residing by 1.4330. Should it hold on its gains and then consolidate above 1.4400, the uptrend will likely continue towards the 1.4580 resistance. Otherwise, we could see a new decline towards the 1.4000 support or the 200-Day SMA by 1.3930.
Edward Smith, technical analyst of company Admiral Markets.
At any use...
Technical Analysis: AUD/USD
July 29, 2011 - 11:27
The pair dropped below 1.1000. Now the correction could continue towards the...
The pair dropped below 1.1000. Now the correction could continue towards the 1.0800 support, with a break below to accelerate declines towards the 50-Day SMA by 1.0670 and likely beyond towards the 100-Day SMA by 1.0575 or the 1.0400 support. Meanwhile, should the pair hold above 1.0800, we could see a resumption of the uptrend beyond the 1.1080 high towards 1.1500 in a medium-term.
Edward Smith, technical analyst of company...
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