http://www.fxtimes.com Get your daily dose of Forex news from the expert analysts at FXTimes. Visitors will have access to the Forex Capsule, our interactive economic calendar, our video recaps, and up-to-date fundamental news releases and technical analysis commentaries. Tue, 07 Feb 2012 08:00:41 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.fxtimes.com/technical-updates/eurgbp-confirming-bearish-continuation-from-wedge-breakout/ http://www.fxtimes.com/technical-updates/eurgbp-confirming-bearish-continuation-from-wedge-breakout/#comments Thu, 02 Feb 2012 13:02:02 +0000 Fan Yang http://www.fxtimes.com/?p=65946 http://www.fxtimes.com/technical-updates/eurgbp-confirming-bearish-continuation-from-wedge-breakout/feed/ 0 The 4H EUR/GBP chart shows a market breaking below a rising wedge to start this week. Price action was heavy, but the market bounced up from near a previous support pivot at 0.8280. Note that the 61.8% retracement of the wedge pattern was nearby at 0.8290. This pullback came up to test the 200 simple moving average in the 4H chart, cracked it, but then was rejected immediately... http://www.fxtimes.com/technical-updates/eurgbp-makes-new-weekly-low-with-swing-projection-to-wedge-support/ http://www.fxtimes.com/technical-updates/eurgbp-makes-new-weekly-low-with-swing-projection-to-wedge-support/#comments Tue, 31 Jan 2012 12:12:35 +0000 Fan Yang http://www.fxtimes.com/?p=65743 http://www.fxtimes.com/technical-updates/eurgbp-makes-new-weekly-low-with-swing-projection-to-wedge-support/feed/ 0 The EUR/GBP is declining in the short-term falling from a wedge pattern resistance since Friday. The week started respecting the 1H 200 simple moving average as seen in the hourly chart, but is now cracking it heading into the 1/31 US trading session as well as making a new low for this week. A swing projection targets 0.8325 in the very short-term term (in the US session)... http://www.fxtimes.com/technical-updates/eurgbp-tests-coincidence-of-ascending-triangle-and-declining-channel-resistance/ http://www.fxtimes.com/technical-updates/eurgbp-tests-coincidence-of-ascending-triangle-and-declining-channel-resistance/#comments Mon, 23 Jan 2012 14:13:54 +0000 Fan Yang http://www.fxtimes.com/?p=64850 http://www.fxtimes.com/technical-updates/eurgbp-tests-coincidence-of-ascending-triangle-and-declining-channel-resistance/feed/ 0 The 4H EUR/GBP chart shows a strong start to this week, bouncing off a projected trendline support seen in the 4H chart. The RSI also bounced off of 40, and is pushing back above 60, a reflection of bullish momentum maintained in this time-frame. Price action has 0.8375 as a flat resistance of an ascending triangle pattern. A break above 0.8375 opens up the 0.8420 pivot... http://www.fxtimes.com/technical-updates/eurgbp-trades-near-declining-channel-resistance/ http://www.fxtimes.com/technical-updates/eurgbp-trades-near-declining-channel-resistance/#comments Thu, 19 Jan 2012 14:09:13 +0000 Fan Yang http://www.fxtimes.com/?p=64545 http://www.fxtimes.com/technical-updates/eurgbp-trades-near-declining-channel-resistance/feed/ 0 The EUR/GBP has been recovering since finding support at 0.8220, below the 2011 low of 0.8280. The rally was rejected at 0.8370 (0.8364 is 23.6% retracement of 0.8830-0.8220 swing). That rejection resulted in a very strong bearish candle, reflecting the dominance of the bears in this market. However if the high of this bearish candle then gets taken out... http://www.fxtimes.com/technical-updates/eurgbp-to-recover-a-look-at-retracement-levels/ http://www.fxtimes.com/technical-updates/eurgbp-to-recover-a-look-at-retracement-levels/#comments Tue, 10 Jan 2012 13:08:02 +0000 Fan Yang http://www.fxtimes.com/?p=63893 http://www.fxtimes.com/technical-updates/eurgbp-to-recover-a-look-at-retracement-levels/feed/ 0 After breaking below the 2011 low at 0.8280, the EUR/GBP fell to 0.8220 before finding support for a recovery attempt. The corrective rally so far has tagged 38.2% retracement (of the 0.8370-0.8220 swing) at 0.8277. This basically coincides with the 0.8280 level, which is now looked at as resistance. The 1H chart shows a the RSI reading attempting to break 60... http://www.fxtimes.com/technical-updates/eurgbp-breaks-2011-low-and-trades-at-channel-support-with-os-signals/ http://www.fxtimes.com/technical-updates/eurgbp-breaks-2011-low-and-trades-at-channel-support-with-os-signals/#comments Wed, 04 Jan 2012 20:31:34 +0000 Fan Yang http://www.fxtimes.com/?p=63500 http://www.fxtimes.com/technical-updates/eurgbp-breaks-2011-low-and-trades-at-channel-support-with-os-signals/feed/ 0 After a few days of consolidation to start the new year, the EUR/GBP fell sharply, breaking below the 2011 low at 0.8280. The decline touched 0.8263 before we see a strong 1H candle suggest a pullback or at least a sideways consolidation, especially now, as we end the US trading session. The RSI reading in the 1H chart fell below 30, and price was trading at the bottom bollinger band... http://www.fxtimes.com/technical-updates/eurjpy-and-gbpjpy-consolidates-with-diverging-momentum-eurgbp-signals-further-downside/ http://www.fxtimes.com/technical-updates/eurjpy-and-gbpjpy-consolidates-with-diverging-momentum-eurgbp-signals-further-downside/#comments Tue, 27 Dec 2011 19:54:05 +0000 Fan Yang http://www.fxtimes.com/?p=63047 http://www.fxtimes.com/technical-updates/eurjpy-and-gbpjpy-consolidates-with-diverging-momentum-eurgbp-signals-further-downside/feed/ 1 The EUR/JPY has found support at about 101.00 after a recent decline that started 10/31 from about 111.65. The 4H chart shows the market in it's consolidation from the latest swing from 105.67 down to 101.03. We don't even have 38.2% retracement yet but the market is already struggling, failing to break the pivot at about 102.50 (established 11/25)... http://www.fxtimes.com/technical-updates/eurgbp-in-double-bottom-attempt-at-channel-and-key-support-area/ http://www.fxtimes.com/technical-updates/eurgbp-in-double-bottom-attempt-at-channel-and-key-support-area/#comments Fri, 23 Dec 2011 14:01:51 +0000 Fan Yang http://www.fxtimes.com/?p=62874 http://www.fxtimes.com/technical-updates/eurgbp-in-double-bottom-attempt-at-channel-and-key-support-area/feed/ 2 The EUR/GBP has been persistently bearish since breaking below consolidation support near the 0.8495 level. The bearish signs in the daily chart include pushing the RSI below 30, and the moving averages spreading apart (this also reflects an acceleration in the downswing). This bear run has now entered a key support cluster. 1) 0.8280 is the 2011 low... http://www.fxtimes.com/technical-updates/eurgbp-trading-down-toward-consolidation-support/ http://www.fxtimes.com/technical-updates/eurgbp-trading-down-toward-consolidation-support/#comments Mon, 19 Dec 2011 13:55:39 +0000 Fan Yang http://www.fxtimes.com/?p=62454 http://www.fxtimes.com/technical-updates/eurgbp-trading-down-toward-consolidation-support/feed/ 0 The EUR/GBP is consolidating above 0.8370. The 1H chart shows the market anchored into a channel with a subtle upside bias. However, the RSI has not been able to sustain a break above 60, suggesting maintenance of the bearish momentum. Still the RSI has been held above 40 as well, reflecting a sideways market. The 1H chart shows the market now trading near the channel support... http://www.fxtimes.com/technical-updates/eurgbp-breaks-below-0-85-0-8350-and-0-8280-are-the-next-support-pivots/ http://www.fxtimes.com/technical-updates/eurgbp-breaks-below-0-85-0-8350-and-0-8280-are-the-next-support-pivots/#comments Mon, 12 Dec 2011 18:46:52 +0000 Fan Yang http://www.fxtimes.com/?p=61778 http://www.fxtimes.com/technical-updates/eurgbp-breaks-below-0-85-0-8350-and-0-8280-are-the-next-support-pivots/feed/ 0 The EUR/GBP 4H chart shows a bearish market as price trades under the 200 SMA and is heading away from it. It has also started the week breaking beneath 0.85 area and the support around there. Meanwhile, the RSI reading in the 4H chart has been pushed below 30, confirming a bearish market in the short and medium term...