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Technical analysis on EUR/USD - 15 min chart - 08/18/2009
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#1 ⇑ Haut ⇑ 18-08-2009 12:52:14
- Bruno
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Technical analysis on EUR/USD - 15 min chart - 08/18/2009
The parity is moving in a bullish channel and is close to the resistance at 1.4132. The next resistance is at 1.4167. However, we advise to trade only long positions as far as the price is into its channel. In case of break out, a return on 1.4068 is expected.
#2 ⇑ Haut ⇑ 19-08-2009 11:31:02
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Re: Technical analysis on EUR/USD - 15 min chart - 08/18/2009
Levels of supports and resistances given yesterday played well their role. Currently, the parity is moving into a bullish channel. As far as it is the case, we advise to trade only long positions with 1.4132 and 1.4167 in extension as objective. In case of break out, 1.4068 should give support to the parity.
#3 ⇑ Haut ⇑ 19-08-2009 15:28:58
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Re: Technical analysis on EUR/USD - 15 min chart - 08/18/2009
The first objective has been reached but is stil resistance. However, the price took then support on the lower band of its bullish channel which allowed a rebound of the price. A new test of 1.4132 is expected to then target 1.4167. In case of a break out of the channek, we wil still target 1.4068.
#4 ⇑ Haut ⇑ 20-08-2009 12:43:27
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Re: Technical analysis on EUR/USD - 15 min chart - 08/18/2009
All our objective have been reached, the parity got out of its bullish channel and the price seems now to take support on 1.4211. However, a bearish slant is resistance. The black line is the upper band of the former channel. We advise to wait a break out of on of this line before taking positions on the market. In case of an exit from the top, 1.4300 is expected. If 1.4211 is broken, 1.4167 is expected.
#5 ⇑ Haut ⇑ 21-08-2009 11:32:16
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Re: Technical analysis on EUR/USD - 15 min chart - 08/18/2009
The bearish slant has been finally broken and our objective at 1.4300 has been reached without a break out of 1.4211. 1.4300 is also a medium term resistance and the strong bullish movement of yesterday has not been corrected yet. So, a return on 1.4266 is likely to happen (green line). We will advise to trade only short positions as far as 1.4300 is resistance.
Index » Short Term : Charts, Analysis and Trade Ideas »
Technical analysis on EUR/USD - 15 min chart - 08/18/2009
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