Follow along with the video below to see how to install our site as a web app on your home screen.
Catatan: This feature may not be available in some browsers.
Saat ini Anda mengakses IndoForum sebagai tamu, sehingga Anda tidak memiliki akses penuh untuk melihat artikel dan diskusi yang hanya tersedia bagi anggota. Dengan bergabung, Anda akan mendapatkan akses penuh untuk bertanya, mengirim pesan pribadi, mengikuti polling, dan menggunakan fitur-fitur lainnya. Proses pendaftaran sangat cepat, mudah, dan gratis. Silakan daftar dan validasi email Anda untuk mendapatkan akses penuh sebagai anggota. Harap masukkan alamat email yang valid dan periksa kotak masuk Anda setelah mendaftar untuk proses validasi.
2013.02.20 : Both pairs are close to important S/R levels
EUR/USD
After a slow start, the pair started picking up some speed in the second part of yesterday’s trading session and broke to the up side the symmetrical triangle mentioned in our previous article. The German ZEW Economic Sentiment came out much better than expected, at 48.2 (the forecast was 35.3) and contributed to the strength exhibited yesterday by the Euro.
After a brief rise above the trend line seen on the hourly chart below, the pair resumed its bearish movement and returned under the mentioned down trend line.
2013.02.21 : Major historical support for the GBP/USD
EUR/USD
The pair encountered strong resistance at the 1.3430 level and dropped for almost the entire duration of yesterday’s trading session, returning below 1.3400 and under the down trend line seen on the four hour chart below.
The bears had a huge victory yesterday, driving the pair about 170 pips lower and breaking important support levels on the back of more quantitative easing (QE) talks.
2013.02.22 : Ending lower a week controlled by the bears
EUR/USD
Yesterday the long term upward trend line was broken by the pair on the back of massive bearish momentum generated by the FOMC Meetings and also by the Philly Fed Manufacturing Index which came out much worse than expected, at -12.5 (forecast was modified during the day from 0.7 to 1.1).
The pair experienced a sell off during yesterday’s Asian session and the strong weekly support level of 1.5270 was decisively broken. This sell off was triggered by the US FOMC Meeting Minutes.
2013.02.25 : Major support is broken for both pairs. What’s next?
EUR/USD
We had an eventful week both from a technical point of view and a fundamental one. The pair chose a downward direction and managed to close below the strong support zone created between 1.3300 and 1.3270. Also the up trend line drawn from the 24th of July 2012 was decisively broken during last week and price is now sitting close to the support located at 1.3130.
Last week was a very important one for our pair because a major weekly support level was breached for the first time in a long period. Talks about increasing the Asset Purchase Facility weakened the Pound and the result was a drop of about 370 pips for the entire week.
2013.02.26 : Who is really in control of the market?
EUR/USD
The Italian Parliamentary Elections proved to be a major market mover. While in the first part of yesterday’s trading session we saw a very strong Euro, climbing up to 1.3318, in the second part of the day, the pair dropped almost all the way back to the opening price of the day.
The pair had a slow day comparative to the EUR/USD and opened with a big gap, which was eventually closed once price traveled the whole distance back to Friday’s close.
2013.02.27 : Higher moves will probably be reversed by strong resistance
EUR/USD
During the first part of yesterday’s trading session the pair tried to climb higher but encounter heavy resistance from the level of 1.3130. The US New Home Sales came out much better than expected, at 437K, strengthening the US Dollar and driving the pair lower.
Overall the pair moved in a narrow range compared to the moves seen during the last days and the Inflation Report Hearings failed to bring the anticipated volatility in the market.
Throughout the day the pair slowly climbed higher and managed to touch the recently broken level of 1.3130. Both the Core Durable Goods Order and the Pending Home Sales numbers came out better than anticipated but surprisingly, this didn’t do much for the greenback.
The pair moved slowly but steady on a bullish path for almost the entire day, not being affected too much by the US numbers which came out better than expected.
2013.03.01 : Support levels are likely to be tested again
EUR/USD
For the entire duration of yesterday’s trading session the pair moved lower, returning below the level of 1.3130 which was previously broken to the up side for a brief period of time. The US Preliminary Gross Domestic Product came out lower than expected but it was still better than its previous value and this contributed to the overall negative sentiment surrounding the pair.
The pair had a generally bullish movement throughout yesterday’s trading session and moved higher to touch again the resistance created at 1.5217, but failed to break it, signaling that more down side movement will probably follow.
After a brief climb above 1.3130, the bears took control of the market once more and drove the pair lower, for a touch of 1.3000. Friday’s trading session ended with a bounce up from the mentioned support level, probably triggered by profit taking and closing of existing short positions.
Friday the pair experienced another abrupt drop and came within 15 pips of touching the important support level located at 1.4970; the drop was triggered by the UK Manufacturing PMI numbers which were announced with worse than expected values.
2013.03.05 : Forex Trend Lines: Trend resumption or more sideways movement?
EUR/USD
As expected, yesterday’s trading session was a slow, ranging one. The Spanish Unemployment numbers came out better than expected, at (59.4K from a forecast of 77.5K) but even that failed to move the market much and price hovered around the level of 1.3000.
Slowly but steady the pair climbed yesterday after first moving lower, on the back of worse than expected Manufacturing PMI numbers (forecast 49.2 and actual 46.8).
2013.03.06 : In a bear market, what goes up must come down
EUR/USD
Yesterday proved to be a mixed day, with price first climbing to 1.3075 and then dropping all the way back to the opening of the day. The US ISM Non Manufacturing Purchasing Managers’ Index posted better than expected numbers (56.0 from a forecast of 55.2) and this contributed to the bearish movement seen in the second part of yesterday’s trading session.
2013.03.07 : Today’s direction – heavily influenced by the bunk Interest Rates
EUR/USD
For almost the entire duration of yesterday’s trading session, the Euro lost ground against the US Dollar and moved on a bearish path for another encounter with the strong level located at 1.3000. The US ADP Non Farm Employment change came out with better than expected numbers, further strengthening the greenback and driving the pair lower.
2013.03.08 : Forex Markets: End of the downtrend or just a corrective move
EUR/USD
The Euro Minimum Bid Rate remained unchanged at 0.75%, as expected, but Mario Draghi’s speech and his hawkish. This might effect the forex markets. It’s attitude heavily influenced the pair, pushing it higher through the minor resistance located at 1.3070 and closer to the strong resistance represented by 1.3160.
The GBP Official bunk Rate and the Asset Purchase Facility both remained unchanged but after price touched the major support at 1.4970, a strong move up started and correlation between our two analyzed pair had a big role to play.
2013.03.11 : No economic data + Monday = Ranging trading session
EUR/USD
Friday the bears’ domination was clear and the massive drop generated by better than expected US Non Farm Employment numbers proved that the downtrend is still in place. The forecast for the Non Farm Employment was 162K but the actual number came out surprisingly better than expected (236K) and strengthened the greenback substantially.
As anticipated, the US Non Farm Employment numbers had a massive impact on this pair as well and US Dollar strength drove price through the important support level of 1.4970.
The pair had a stronger movement than EUR/USD and even managed to print a new lower low at 1.4865. However, compared to the movement seen throughout the latest period, the trading day was slow and lacked unidirectional movement for the most part.
2013.03.13 : The battle between Bulls and Bears still rages on
EUR/USD
Although in the first part of yesterday’s trading session the bulls attempted to take control of the market and almost succeeded, they encountered heavy resistance at the latest key point of the down trend, represented by the level of 1.3070. After a bounce from the mentioned level, price quickly turned and headed south, taking back much of the Euro’s gains obtained in the first part of the day.
The UK Manufacturing Production numbers that came out early yesterday morning weakened the British Pound and drove the pair lower, breaking the support located at 1.4865. The previous value was 1.5% and was expected to decrease to 0.0% but the actual number came out with a surprisingly lower value of -1.5%.
2013.03.14 : Technical Chart Analysis: Reinforcements arrive for the Bears
EUR/USD
Yesterday was another massive victory for the bears based on the technical chart analysis as they managed to take control of the market once more and drive price significantly lower. The US Core Retail Sales came out much better than expected, at 1.0% from a forecast of 0.5%. This was the trigger for the sell-off which resulted in a break of the key support located at 1.2966.
The pair started yesterday’s trading session on a bullish path but after the release of the US Core Retail sales numbers, the greenback became substantially stronger and the pair started to move down.
2013.03.15 : Forex Market Trends: Change of trend or just a corrective move?
EUR/USD
After printing a new lower low in the first part of yesterday’s trading session, the forex market trends reversed and headed furiously to the upside. This sharp turn has surprising and hard to predict since the US economic data that came out yesterday was better than expected and normally this strengthens the US Dollar.
The pair had a bullish day as well and is now struggling to break the resistance at 1.5080 after breaking early yesterday morning the strong resistance at 1.4970.
2013.03.18 : Bull or Bear Market: Will the Bulls continue their assault on the down trend?
EUR/USD
The bull or bear marketFriday’s trading session was characterized by US Dollar weakness against the Euro although the US Consumer Price Index came out with better than expected numbers and this usually strengthens the greenback. However the Consumer Sentiment survey released by the University of Michigan was worse than expected and this further weakened the Dollar.
The pair moved on an upward path in the first part of Friday’s trading session but started to retrace, moving down again to test the recently broken resistance at 1.5080 which is now support once again.
2013.03.19 : Technical Forex Analysis: Attempting to close the gap
EUR/USD
Surprisingly, price opened yesterday morning with a massive gap, almost 160 pips lower than Friday’s close according to the technical forex analysis. The Cyprus bailout crisis brought a lot of concern in the market and was the main reason for big difference between Friday’s close and Monday’s open. Gaps have a very high probability of being filled, meaning that usually after a gap lower like the one we saw, price rises to touch the level where the gap started.
The pair moved mostly sideways during yesterday’s trading session and failed to break the resistance formed at 1.5080 so no significant developments took place.
