OsMA trend indicator having marked a higher high while the market make a lower high - not completed yet - a daily close below…Continue
According to 1 hour chart , we have strong upward trend , so I assume a retracement to the area between 1.4340 /1.4320 where it's…Continue
OK..From the 4 hour chart posted above , it's obvious that we have real bullish breakout,MACD and CCI confirmed the breakout , the same thing EMA 50 and the most important is B.band is expanding but RSI is Overbought , so the pair needs to relax a moment from this journey , the pair now is trading so…Continue
Today , the EURUSD continues its bullish move toward1.4200 then declined strongly below 1.4100, what I see on the chart above , false breakout above EMA50 with low volatility , the pair now will pullback to test the broken support level 1.4130 , then it supposed to drop again and strongly toward 1.3910 and may…Continue
Added by Haitham653 on May 26, 2011 at 5:04pm — No Comments
The bullish correction was stopped yesterday as expected in the previous report around 1.4122 and declined strongly this early morning and broke below 1.4052 level - intraday support - this level is supposed to serve as strong resistance and push the pair toward 1.4000 level , a break below 1.4000 would test…Continue
Added by Haitham653 on May 25, 2011 at 7:12am — No Comments
With yesterday's close (1.4013) , the pair closed below the support level 1.4048 and put a top at 1.4345 adding more bearish pressure and opened too many doors to attack 1.3750 and 1.3450 levels...so a break below yesterday's low (1.3968) is supposed to…Continue
EUR/USD now is trading below the support level 1.4048 where buyers tried to put a bottom - low of 16 May2011 - a daily close below this level will set up the market for further weakness, the market’s failure at 1.4345 helped form the down sloping resistance line of a downward channel on daily , creating a…Continue
USD/CHF needs to be watched carefully , ADX and CCI : range market , add to that OsMA is mixed , the downtrend may resume or a new uptrend on the horizon !!!
I shifted down to 4 hour ,…Continue
Added by Haitham653 on May 23, 2011 at 6:31am — No Comments
EUR/USD Weekly Report (23 – 27 May 2011)
According to this week's move , I can say that EUR/USD is seeking for a new direction ?!! no one could confirm what is the next destination for the pair : sideways , up toward 1.5000 level or down toward 1.3700-1.3400 level...
Let's study these charts carefully
Let's start with the daily chart below :…Continue
Signals may trigger during U.S session ..
Note:Signals are away of the current market price for safety since today is Friday ..
Added by Haitham653 on May 20, 2011 at 7:45am — No Comments
Added by Haitham653 on May 19, 2011 at 9:04pm — No Comments
Added by Haitham653 on May 19, 2011 at 8:48pm — No Comments
EUR/USD Limited Bullish Move ?!!!…Continue