Posts Tagged ‘Trendline’
Euro Continues to Test Trendline Support – Trend is Sideways Until a Break
Author: Germina Lake
Euro Continues to Test Trendline Support – Trend is Sideways Until a Break
Daily Bars Prepared by Jamie Saettele, CMT Yesterdays late EURUSD comeback guaranteed another close above the trendline drawn off of the 2011 lows. Still, the larger trend must be considered sideways until we get a break below 13969 (which would signal that a 3 rd or C wave is underway towards at least the mid 13000s). I wrote yesterday that the decline from 14442 is sharp and impulsive which is …
Read more on Daily FX via Yahoo! Finance
Posted in 
Tags: 
Canadian Dollar Testing Trendline
Author: Germina Lake
Canadian Dollar Testing Trendline
Weekly Bars Prepared by Jamie Saettele After trading to a multiyear low the USDCAD is testing a trendline that extends off of the August and October lows (this level is defended by the 50 day SMA). A daily close above the trendline would be significant and shift focus to 10057. DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn …
Read more on Daily FX via Yahoo! Finance
Short EUR/GBP By Major Trend-Line Resistance
Author: Germina Lake
View full post on DailyFX – Analyst Picks – Today’s Picks
Australian Dollar Resistance at Trendline
Author: Germina Lake
There is potential trendline AUDUSD resistance at 9007 today and the line decreases 20 pips per day.
View full post on DailyFX – Technical Analysis – Candlesticks