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June 2011 Blog Posts (19)

Forex4you Technical Analysis 30 June 2011

EUR/USD: Technical Analysis



Forecasts confirmed and the pair continued its growth. The price breached 1.4430/40 resistance line, confirming the "bullish" strong potential. At the moment trading is being carried out at 1.4510/00 level. If the attempts to fix the price above 1.4500 line turn out successful, we'll be expecting another ascension with targets seen at 1.4600/20 and 1.4700 levels. Indicators are "bullish" as well, saying in favor of the above mentioned…

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Added by Forex4you on June 30, 2011 at 8:04am — No Comments

Forex4you Technical Analysis 29 June 2011

EUR/USD: Technical Analysis



The price breached and held above level 1.4330/40, which was very undesireble for the "bears". The price has recently approached close to 1.4430/40 level, considered as the last chance for the "bears" to win back their trend. At the moment it resides at 1.4380/90. Indicators are changing their readings at the moment, saying now in favor of the up trend. If the price holds above 1.4430/40 level, the first bullish target will be found at…

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Added by Forex4you on June 29, 2011 at 8:05am — No Comments

Forex4you Technical Analysis 28 June 2011

EUR/USD: Technical Analysis



The EUR/USD currency pair is in a consolidation pattern on the daily charts which looks like a triangle. There appear to have been three legs in the triangle so far with a total of 5 expected (A-E). It is possible we are in a D leg now, with an eventual target at the trendline at 1.4350 initially, and then the monthly pivot at 1.4435. It is possible the triangle has already completed and waves D and E were smaller than average – in…

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Added by Forex4you on June 28, 2011 at 7:48am — No Comments

Forex4you Technical Analysis 24 June 2011

EUR/USD: Technical Analysis



The EUR/USD has fallen heavily but yesterday evening it reached support and bounced. The bounce has taken it to 1.4300 and it will probably go even higher. The 0.0005x3 point and figure chart is showing two bullish upside targets: one at 1.4320 and the other at 1.4405. There is also the possibility that the support and resistance line at 1.4275 could halt the rally. However, the principle trend is still down and eventually the main…

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Added by Forex4you on June 24, 2011 at 8:01am — No Comments

Forex4you Technical Analysis 23 June 2011

EUR/USD: Technical Analysis



The euro rolled-over during the night and has been falling all today. There is no evidence of any weakness in the downtrend so it will propbably continue. However, it has reached oversold levels to there is the possibility of a short term bounce. It has reached a support and resistance line at the current 1.4220 level and it could rebound from here. Alternatively the S3 daily pivot at 1.4180 level could also provide a buying zone.…

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Added by Forex4you on June 23, 2011 at 8:09am — No Comments

Forex4you Technical Analysis 21 June 2011

EUR/USD: Technical Analysis



There is growing evidence the counter trend rally in the EUR/USD could be nearing an end. There is a head and shoulders pattern at the highs, it has touched the 50 day MA moving average and all the upside point and figure targets have been met. The expected move down will probably reach support at 1.4275 which is both the point and figure target down on the 0.0005x3 chart and the lower channel line of the whole counter-trend…

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Added by Forex4you on June 21, 2011 at 8:05am — No Comments

Forex4you Technical Analysis 20 June 2011

EUR/USD: Technical Analysis



Overall the market is trending down although a bullish correction in the last hour has confused the picture. There are a cluster of point and figure targets on the 0.0005x3 and 0.001x3 charts at about 1.4140 and a support and resistance line there. I would expect any downside to reach that target. On the other hand the fact that EUR/USD has now closed up above the major trendline from the January lows signifies the possibility that…

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Added by Forex4you on June 20, 2011 at 7:56am — No Comments

Forex4you Technical Analysis 17 June 2011

EUR/USD: Technical Analysis



The EUR/USD is consolidating after finding support in the 1.41 area at a major trendline. A break of the trendline at perhaps 1.4070 could lead to an acceleration of the downtrend. However the last leg down was not strong and it is possible the exchange rate could rise instead. There is a possible inverted H&S price pattern forming at the lows, with a neckline at the 1.4220 highs and a break of this could lead to a rally up to…

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Added by Forex4you on June 17, 2011 at 7:51am — No Comments

Forex4you Technical Analysis 16 June 2011

EUR/USD: Technical Analysis



After yesterday's dramatic sell-off there has been a little bit of a consolidation in EUR/USD, which has bounced and is showing potential to go higher given the convergence with momentum, and it could reach 1.4175 if it continues. Overall, however, the bias is still down and the 0.001x3 point and figure chart is showing a target of 1.3830, although, a closer target would be the 1.4000 level which is key and of which a break below would…

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Added by Forex4you on June 16, 2011 at 8:09am — No Comments

Forex4you Technical Analysis 15 June 2011

EUR/USD: Technical Analysis



The counter-trend rally which almost reached 1.4500 yesterday has broken down overnight and the exchange rate has resumed its down-trend. It formed a channel and then broke through the bottom on rising momentum and volume is still high indicating strenght in the sell-off. It will probably go further possibly to the old lows at 1.4320 which is also where the most reliable downside point and figure (p&f) count is targeting. It could…

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Added by Forex4you on June 15, 2011 at 7:25am — No Comments

Forex4you Technical Analysis 14 June 2011

EUR/USD: Technical Analysis



The counter-trend rally in the EUR/USD pair is still unfolding and will probably go higher as there has just been a trendline break and there are no signs of weakness in the rally yet. There is an eventual target of 1.4540 established from a count at the lows on the point and figure chart below. At a similar level is the old neckline of the H&S top which would be expected to offer resistance. After the rally terminates the pair…

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Added by Forex4you on June 15, 2011 at 1:10am — No Comments

Forex4you Technical Analysis 13 June 2011

EUR/USD: Technical Analysis



The EUR/USD fell dramatically last week but has consolidated at an important support and resistance line at 1.4332, which also happens to be the base of the Ichimoku cloud. The correction, which could be an Elliot wave 4 will probably go higher, reaching resistance at the 50-day MA at 1.4420, although thereafter the outlook remains bearish and it will probably resume its descent, targeting support and resistance at 1.4250 initially,…

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Added by Forex4you on June 13, 2011 at 8:05am — No Comments

Deed in Lieu of Foreclosure - Might Be An Answer

So many people today are in foreclosure around the country; the banks and the courts are really getting backed up.  If you are in this situation, you might want to approach your mortgage company and see if you qualify for a Deed in Lieu (DIL) of Foreclosure to avoid the foreclosure process.



Basically, a DIL allows the homeowner to voluntarily transfer the ownership of their property to the mortgage holder in exchange for a release from the mortgage loan and payments.  This is becoming… Continue

Added by James Dicks on June 12, 2011 at 2:02pm — No Comments

Forex4you Technical Analysis 10 June 2011

EUR/USD: Technical Analysis



The price breached the uptrend channel (red) line and support at level 1.4560, giving reasons to expect the beginning of a medium-term downtrend. Trading has already dropped to 1.4480 and is currently approaching to a significant  1.4460/30 support, which stands halway down. If the price falls and holds below this barrier, it'll then, according to the previous forecasts, be a final signal for the "bearish" victory and the beginning of…

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Added by Forex4you on June 10, 2011 at 8:02am — No Comments

Forex4you Technical Analysis 09 June 2011

EUR/USD: Technical Analysis



The price fell to level 1.4560/70, met a strong support there and pulled back to 1.4630/40 level. Indicators have turned down, but it's worth considering that SS is currently being overbought, which gives reasons to be cautious in this instrument and not to make final conclusions in favor of the bearish trend. Moreover, the price still resides within the uptrend (red lines) channel, so the "bulls" still have their leading positions in…

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Added by Forex4you on June 9, 2011 at 8:06am — No Comments

Forex4you Technical Analysis 08 June 2011

EUR/USD: Technical Analysis



Growth continued, the price reached a new local maximum at level 1.4695. At the moment trading is carried out a little bit lower, at level 1.4670/80. Indicators are turned up, but currently formed MACD divergence suggests to consider a stop and a pullback downwards, or maybe even a reversal. However, previous forecasts may still confirm - target still stands at 1.4860/70 level, strong 1.4790/70 resistance on the way up has all chances…

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Added by Forex4you on June 8, 2011 at 8:00am — No Comments

Forex4you Technical Analysis 03 June 2011

EUR/JPY: Technical Analysis



The EUR/JPY pair is rising in a wedge shaped channel. It has just completed the 'C' wave and is possibly descending in a 'D' wave with an eventual target of 115.35 at a support line below. On the 0.1x3 point and figure (p&f) chart it has just broken a rising trendline and may be breaking out of a fulcrum reversal pattern. The downside target from the highs is also 115.30. There is a strong resistance line at the monthly pivot at…

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Added by Forex4you on June 3, 2011 at 8:32am — 1 Comment

Forex4you Technical Analysis 02 June 2011

EUR/USD: Technical Analysis



The EUR/USD pair is rising after touching channel support at the 1.43 lows. It has been trending up quite strongly but has now reached resistance at 1.4430 from a combination of the monthly pivot and the point and figure count on the 0.0005x3 chart. Weakness would lead to a fall back to 1.4370 first and then the 1.4360 lows.…



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Added by Forex4you on June 2, 2011 at 8:04am — No Comments

Forex4you Technical Analysis 01 June 2011

EUR/USD: Technical Analysis



The EUR/USD pair is pulling back after its recent rally. It will probably fall as far as support from the support and resistance level at 1.4370 and a channel line at the same level. After that it should resume its uptrend, possibly matching the recent highs at 1.4450.…



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Added by Forex4you on June 1, 2011 at 8:12am — No Comments

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