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View Poll Results: What does January holds for EURUSD having continued to hold its medium term downtrend
Weakness 2 50.00%
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Old Mar 24, 2012, 12:01pm   #46
 
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USDCHF – Sees Bearish Momentum, Risk Shifts To The 0.9000/0.8929 Levels.

FXTechstrategy Team started this thread USDCHF: The pair remains vulnerable to the downside as it closed lower reversing its two-week gains the past week. This is coming on the back of a price failure at the 0.9334 level and with bearish momentum remaining intact, further weakness is likely to occur towards the 0.9000 level, its psycho level with a violation of there turning attention to the 0.8929 level, its Feb 24’2012 low. Further down, the 0.8890 level, its Nov 03’2011 low comes in as the next target where a breach will call for further declines towards the 0.8700 level, its psycho level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, the pair will have to return above the 0.9334 level, its Mar 15’2012 high to resume its recovery. This will pave the way for a run at the 0.9504 level, its Jan 13’2012 low and subsequently the 0.9591 level. On the whole, the pair remains biased to the downside with eyes on the 0.9000/0/8929 levels.
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Old Mar 26, 2012, 7:36am   #47
 
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Weekly Technical Strategist: EURUSD

FXTechstrategy Team started this thread EURUSD: Closes Higher, Set To Strengthen Further

EURUSD: The pair closed higher for a second week in a row since halting its recent declines. However, it will have to set a foothold above the 1.3288 level to convince the market of further recovery. If this is confirmed, further upside offensive could develop towards the 1.3483 level. A breach will pave the way for move further higher towards its Dec 02’2011 high at 1.3547 where a violation will target its weekly 200 ema at 1.3642. Conversely, the risk to this analysis will be a return to the 1.3003 level traded the past week followed by the 1.2975 level. An eventual break if seen will push the pair further lower towards the 1.2879 level, its Jan 23’2011 low . Further down, support lies at the 1.2620 level. All in all, EUR remains vulnerable to the downside though halting its weakness.
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Old Mar 27, 2012, 1:48pm   #48
 
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Special Focus: USDCHF

FXTechstrategy Team started this thread USDCHF – Risk Points To The Downside Nearer Term, Set For The 0.8929 Level

USDCHF: The pair remains biased to the downside and now looks to return to the 0.8929 level, its Feb 24’2012 low. Further down, the 0.8890 level, its Nov 03’2011 low comes in as the next target where a breach will call for further declines towards the 0.8700 level, its psycho level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, the pair will have to return above the 0.9334 level, its Mar 15’2012 high to resume its recovery. This will pave the way for a run at the 0.9504 level, its Jan 13’2012 low and subsequently the 0.9591 level. On the whole, the pair remains biased to the downside with eyes on the 0.8929 level and beyond.
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Old Mar 28, 2012, 12:23pm   #49
 
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EURUSD: Maintains Recovery Tone Despite Price Hesitation (Special Focus)

FXTechstrategy Team started this thread EURUSD: Although the pair halted its recovery started from the 1.3003 level on Tuesday to close lower, it remains biased to the upside. As long as it can maintain above its broken resistance at the 1.3288 level, it should eventually return to the 1.3483 level. A breach will pave the way for a move further higher towards its Dec 02’2011 high at 1.3547 with price extension targeting its weekly 200 ema at 1.3642. Conversely, the risk to this analysis will be a return to the 1.3003 level traded the past week followed by the 1.2975 level. An eventual break of here if seen will push the pair further lower towards the 1.2879 level, its Jan 23’2011 low . Further down, support lies at the 1.2620 level. All in all, EUR remains biased to the upside on correction.
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Old Mar 29, 2012, 7:25pm   #50
 
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USDCAD: Sees Upside Risk, The 1.0048 Level To Cap Gains (Forex Technical Analysis).

FXTechstrategy Team started this thread USDCAD: While the 1.0048 level caps upside gains, our outlook remains lower. In such a case, its major support standing at the 0.9840 level, its Mar 01’2011 low will come in as support where a decisive violation will aim at the 0.9804 level, its Sept 19’2011 low and possibly even lower towards the 0.9779 level, its Sept 16’2011 low. Its daily RSI is bearish and pointing lower supporting this view. On the upside, the pair will have to climb above the 1.0033/48 levels to annul its present bearishness and then bring further gains towards the 1.0146 level. Further out, resistance resides at the 1.0250 level and then the.0317 level followed by the 1.0423 level, its Dec 14’2011 high. All in all, the pair remains vulnerable to the downside in the short term.
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Old Mar 30, 2012, 9:07pm   #51
 
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USDCHF – Weak, Eyes Further Declines (Technical Focus)

FXTechstrategy Team started this thread USDCHF: USDCHF remains vulnerable to the downside as it looks to weaken further. This development now leaves the pair targeting the 0.8929 level, its Feb 24’2012 low. Further down, the 0.8890 level, its Nov 03’2011 low will be targeted where a breach will call for further declines towards the 0.8700 level, its psycho level. On the upside, the pair will have to return above the 0.9334 level to resume its recovery. This will open the door for a run at the 0.9504 level, its Jan 13’2012 low and then the 0.9591 level. On the whole, the pair remains biased to the downside on price failure.
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Old Mar 31, 2012, 10:38am   #52
 
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GBPJPY: Reverses Weakness, Set To Strengthen Further (Weekly Outlook)

FXTechstrategy Team started this thread GBPJPY – With the cross reversing its previous week gains to close higher the past week, the risk is for GBPJPY to strengthen further in the new week. In such a case, the 135.09 level will be targeted with a violation of there turning attention to the 136.97 level and subsequently, its April’2011 high at 139.99. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at 130.08 level, Mar 02’2012 high where a breather may occur and turn the cross back up. However, if this fails to materialize, further weakness should follow towards the 126.53 level. Further down, support lies at the 125.45 level followed by the 124.50 level. All in all, the cross remains biased to the upside having reversed its recent corrective weakness.
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Old Apr 1, 2012, 12:02pm   #53
 
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EURUSD: Strengthens, Set To Extend Bullish Momentum (Weekly Technical Strategist)

FXTechstrategy Team started this thread EURUSD: With a third week of upside gains occurring the past week, further bull pressure is expected towards the 1.3483 level. A breach will pave the way for a move further higher towards its Dec 02’2011 high at 1.3547. Further out, a violation of the 1.3547 level will target its weekly 200 ema at 1.3642. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, the risk to this analysis will be a return to the 1.3003 level, its Mar’2012 low followed by the 1.2975 level. An eventual break of here if seen will push the pair further lower towards the 1.2879 level, its Jan 23’2011 low . Further down, support lies at the 1.2620 level. All in all, EUR remains biased to the upside on further offensive.
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Old Apr 3, 2012, 11:08am   #54
 
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EURUSD: Biased To The Upside Nearer Term, Targets Key Resistance(Technical Focus)

FXTechstrategy Team started this thread EURUSD: The immediate upside target for the pair is seen at the 1.3387 level where a violation will call for further strength towards the 1.3484 level. As long as EUR can maintain above its broken resistance at the 1.3288 level, the above view remains intact. A breach of the 1.3484 level will pave the way for a move further higher towards its Dec 02’2011 high at 1.3547 with price extension targeting its weekly 200 ema at 1.3642. Its daily is bullish and pointing higher supporting this view. Conversely, the risk to this analysis will be a return to the 1.3003 level traded the past week followed by the 1.2975 level. An eventual break of here if seen will push the pair further lower towards the 1.2879 level, its Jan 23’2011 low . All in all, EUR remains biased to the upside nearer term.
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Old Apr 4, 2012, 6:02am   #55
 
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USDJPY: Stages A Recovery But Vulnerable.

FXTechstrategy Team started this thread USDJPY: A sharp recovery saw the pair closing higher on Tuesday but it continues to hold its downside vulnerability. Unless we see a return above its key resistance at the 84.17 level, the risk is for USDJPY to return to the 81.86/55 levels. We may see price hesitation or even a reversal of roles as support occurring here thus turning the pair higher. However, if these levels fail to hold, further weakness should build up towards the 80.57 level where a breach will target the 78.18/27 levels. On the upside, a return above the 84.17 level is required to resume its upside towards the 85.49 level and then the 86.88 level. All in all, as long as USDJPY continues to trade and hold below the 84.17 level, there is risk of a consolidation with downside bias.
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Old Apr 5, 2012, 9:53am   #56
 
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EURGBP: Maintains Downside Threats (Daily Technical Strategist)

FXTechstrategy Team started this thread EURGBP- With a follow through lower and a test of its key support at the 0.8263 level seen on Wednesday, risk of further declines cannot be ruled out. In such a case, below the 0.8263 level will set the stage for move further lower towards its Aug’2010 low at 0.8141. Further down, support comes in at its 2010 low at 0.8066 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, a return above the 0.8423 level, its Mar 13’2012 low will have to occur to reverse its present bear threats. This could force further upside towards the 0.8504 level with a violation of there turning attention to its Dec 08’2011 high at 0.8560. Further out, the 0.8616 level will come in as the next upside objective. All in all, the cross faces downside risks.
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Old Apr 6, 2012, 4:20pm   #57
 
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EURGBP: Weakens, Eyes The 0.8141 level.

FXTechstrategy Team started this thread EURGBP- With the 0.8263 level broken following the cross’s continued weakness, risk of further declines cannot be ruled out. In such a case, its Aug’2010 low at 0.8141 will be targeted with a loss of there allowing for more declines towards its 2010 low at 0.8066 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, a return above the 0.8423 level, its Mar 13’2012 low will have to occur to reverse EURGBP’s present bear threats. This if seen could force further upside towards the 0.8504 level with a violation of there turning attention to its Dec 08’2011 high at 0.8560. Further out, the 0.8616 level will come in as the next upside objective. All in all, the cross faces further downside risks.
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Old Apr 7, 2012, 8:55am   #58
 
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Re: EURUSD: Maintains Recovery Tone Despite Price Hesitation (Special Focus)

you are saying "EUR may go up, down, or neutral."

dudes; this is the most boring post i read today; and the chart is squashy
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Old Apr 7, 2012, 12:00pm   #59
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Originally Posted by FXTechstrategy Team View Post
EURUSD: As long as it can maintain above its broken resistance .
what broken resistance? what recovery? its ranging......
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Old Apr 7, 2012, 12:16pm   #60
 
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USDJPY: Reverses Gain, Looks To Extend Weakness (The Week Ahead)

FXTechstrategy Team started this thread USDJPY: Unless we see a return above the 83.37 level and the 84.17 level, the risk is for USDJPY to continue to weaken in the new week. This is coming on the back of a strong sell off the past week. This development now leaves the pair eyeing further declines towards the 81.08, its Mar 08’2012 low where a violation will call for a push lower towards the 80.57 level. Further down, support stands at the 78.18/27 levels. Its weekly RSI is bearish and pointing lower suggesting further declines. On the upside, a return above the 83.37 level and the 84.17 level is required to resume its upside towards the 85.49 level and then the 86.88 level. All in all, USDJPY continues to face bear threats as it looks to extend its bear pressure.
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