$EURUSD: 6-hour Chart
The technical setup is tantalizing…especially with all of the bullish commentary by ECB officials. Only a matter of time until the $EURUSD collapses…completely contrarian at the moment.
$AUDUSD: 4-hour Chart
Symmetrical triangle has formed on $AUDUSD H4 chart. Waiting to touch in 1.0120 area again before short.
$USDCHF: 6-hour Chart
$USDCHF broke significant resistance, though has entrenched itself in a sharp descending channel. Free fall could accelerate if pair breaks range bottom, though considering $USDCHF is severely oversold, a strong retracement is also a possibility.
Articles for February 22, 2011
An Intraday CAD/JPY Ascending Channel is Creating Scalping Environment [DailyFX]
AUD/CAD Ascending Channel Provides Swing Trading Opportunity [DailyFX]
$AUDJPY: 6-hour Chart
$AUDJPY extremely oversold, but further losses in the near-term. Buy the dip?
$EURCAD: 4-hour Chart
Barring a breakout to the upside, $EURCAD should decline in channel. Consecutive closes above the channel buck the trend, however. Waiting on the sidelines for confirmation.
$USDCHF: 4-hour Chart
Trading the $USDCHF swings on RSI overbought/oversold conditions has led to anywhere between 100-pip and 400-pip gains over the past three months.
$EUR Crosses: $CHF Daily Chart, $USD 4-hour Chart
$EURCHF adhering to long-term descending channel and Fibo retracements as noted last week.
$EURUSD finding resistance at 61.8 Fibo; support at 50.0 Fibo and 20-SMA at 1.3640.
Links for February 18, 2011
$AUDJPY: Daily Chart
$AUDJPY hitting key technical levels on daily chart, looks as if it will try and continue test of upper range before declining in channel. Take note: if the ascending channel holds, the highs will be higher, while the lows will be higher as well…would be very surprised if the $AUDJPY drops below 82.000 should the pair fall.
