Japanese foreign exchange reserves
Japanese foreign exchange reserves, Japans foreign exchange reserves hit record highNew china forex rules
New china forex rules, Chinas new forex rules arouse debate$1.32 Euro Under Construction
We pointed out 2 weeks ago that the ongoing decline (weakening) of the once strong inverse correlation between equities and USD would lead to a scenario of prolonged US strength regardless of the evolving trend in equities. As the correlation weakened from a strong -0.94 in November to -0.26 in the 1st week of January, it enabled us to forecast further advances in the greenback irrespective of intraday or daily moves in equities. By taking the other side of the coin and using the daily relation...2.12.2010
The EUR/USD is continuing its decline, the USD/JPY may have completed its retracement. The GBP/JPY is in a congestion pattern within a decline, and the EUR/GBP pair is looking to continue its decline after an abcd retracement pattern.60's Impulse..Positive Divergences Loom...
Yesterday we get some strong volume and blow through the 50-day exponential moving average on the Nasdaq. We fall only a bit below on the S&P 500 (4 points) and hold above it on the Dow. We didn't have all 3 major indexes trading below the 50-day exponential moving averages and that's what you want to see if you believe the market is ready for deeper selling than has already occurred. In addition, you don't want to clear by as little as we did on the S&P 500 as that's not a true breakdo...What is Accumulation Distribution and the Formula to Compute It?
Discover what the Forex Accumulation Distribution indicator is and how to calculate it using forex trading toolsA Perfect Setup for a Stock Market Correction
Since there's no holy grail to analyze financial markets, the best approach is an eclectic one. So I incorporate as many tools as possible in my analysis, including: Fundamental valuations, macroeconomic models, monetary and fiscal policies, interest rate developments, sentiment and momentum indicators, and chart analysis.A Start...
Today we saw the Dow down as much as 210 points before it rallied off of some oversold 60-minute charts. It finished down 122 points which is still somewhat satisfactory for the bears. They can at least feel as if they did a little damage, although, there has to be some frustration over the fact that they couldn't even close the major indexes below the 20-day exponential moving average. Only when that is accomplished will they get the chance to take this market down to the 50-day exponential mo...A bit of resistance at 90.50 in that pair
S&P 500 trading at a new yearly and above the 1075.75 previous high from 23th of September.Would like to see a clean powerful break higher above this level to get excited about more upside. The weakness from 17th to 24th of September in the S&P 500 futures is still present and this is the area we need to blast through to get another rally higher. Since it has been able to make another yearly high this morning, we assume the previous weakness was temporarily, so looks bullish this morni...A clear reversal is now present in both S&P 500 futures and Dow Jones futures
S&P 500 futures breaking below 1070 support today after weaker than expected US Consumer Confidence data came out today. A clear reversal is now present in both S&P 500 futures and Dow Jones futures. So basically both charts are looking weak and a low volume up bar is now what we are looking for to get short. This view would be changed if S&P 500 futures break above 1100, which would open for another leg up. We are not surprised to see weaker US Consumer Confidence and seem like a...A negative number means pessimist outnumber optimists
Good morning from beautiful and freezing Hamburg. We’re still waiting for the first snow and hopes for white Christmas as every year. Anyway, we hope you enjoyed the weekend and wish you a good start into the new trading week.A note on yesterday's US Retail Sales
S&P 500 futures traded within a very tight range of 9 points today and closing up 1.25 points, basically flat. We are still looking for a confirmation of the breakout above 1104 in the form of a wide up bar closing on the highs on increasing volume. A noted yesterday we think this price pattern have to appear within the next 3 sessions or so to avoid a pullback. Volatilities in equities and FX options are dropping further today after the market looks confident that the down side has been b...AUD/JPY
Comment: Frustrating as the rally from a large ‘double bottom’ against the record low 55.00 area lasted a lot longer and corrected 61% of 2008’s decline, more than we had originally predicted. Interestingly bullish momentum did nothing but decline last year, suggesting we may be watching a ‘wedge’ formation in the making. Though not overbought small signs of instability last week, here and in a series of yen crosses, with potentially an ‘evening star’ forming this month. A monthly...AUDUSD breaks above falling price channel
AUDUSD break above the falling price channel on 4-hour chart, suggesting that a short term cycle bottom is being formed at 0.8982 and the fall from 0.9327 has completed. Bounce to 0.9160 area to reach next cycle top is expected in a couple of days. Support is at 0.8982, only fall below this level could indicate that the fall from 0.9327 has resumed, then another decline could be seen to 0.8900 zone.{image "20100126_audusd_1.gif"}AUDUSD breaks below rising price channel
AUDUSD breaks below support of the lower border of rising price channel on daily chart, suggesting that the upward trend from 0.7703 may have completed at 0.9404, and the following pullback could take price to 0.8500 zone, however, a break below 0.8916 key support is needed to confirm such case. On the other side, as long as 0.8916 support holds, another rise towards 0.9500 is still possible.For long term analysis, AUDUSD is in long term bullish movement. Further rise towards 0.9500 area to reac...AUDUSD broke below the rising trend line
AUDUSD broke below the rising trend line on 4-hour chart, suggesting that a short term cycle top is being formed on 4-hour chart. Range trading between 0.9123 and 0.9325 is expected. As long as 0.9123 support holds, we’d expect uptrend from 0.8734 to continue and one more rise towards 0.9404 (Nov 16, 2009 high) is still possible. However, a break below 0.9123 will indicate that the rise from 0.8734 has completed, then deeper decline could be seen to 0.9000 or even 0.8850.{image "20100113_audus...AUDUSD dropped below 0.9254 key support
After breaking above 0.9326 previous high resistance, AUDUSD dropped below 0.9254 key support, suggesting that a short term cycle top has been formed at 0.9368 level on 4-hour chart and the rise from 0.8916 has completed. Pullback towards 0.9000 zone would more likely be seen in next several days. Resistance level is now located at 0.9368, only rise above this level will indicate that uptrend from 0.8916 has resumed, then next target would be at 0.9500 area.{image "20091113_audusd_1.gif"}AUDUSD formed a short term cycle bottom
AUDUSD formed a short term cycle bottom at 0.8946 level on 4-hour chart, further rise to test the resistance of the falling trend line from 0.9404 to 0.9321 is possible later today, a clear break above the trend line resistance will indicate that the fall 0.9404 has completed, then another rise towards 0.9500 could be seen to follow. Critical support is located at 0.8916, below this level will suggest that the uptrend from 0.7703 (July 13 low) has completed at 0.9404 already, then the following ...AUDUSD pulled back to 0.9174
After touching 0.9325 resistance, AUDUSD pulled back to 0.9174. A double top pattern is being formed on 4-hour chart and neck line is located at 0.9170, a break below this level will indicate that a short term cycle top has been formed and the uptrend from 0.8734 has completed, then deeper decline could be seen to 0.9000 or even 0.8850. resistance area is around 0.9325, only a clear break above this area will indicate that the uptrend from 0.8734 has resumed, then further rally could be seen to ...AUDUSD remains in uptrend from 0.8567
AUDUSD remains in uptrend from 0.8567 and the fall from 0.9125 is more likely consolidation of uptrend. Range trading between 0.8984 and 0.9125 is expected later today. As long as 0.8984 key support holds, we would expect uptrend to resume and another rise towards 0.9200 is still possible after consolidation. However, below 0.8940 level will indicate that a short term cycle top has been formed on 4-hour chart and the rise from 0.8567 has completed at 0.9125 level already, then the following pull...AUDUSD stays in a rising price channel
AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.8567, as long as the channel support holds, the price action from 0.9269 is treated as consolidation of uptrend, and another rise towards 0.9400 is expected. Key support is located at 0.9112, below this level will indicate that the uptrend has completed at 0.9310 level already, then the following pullback could take price to 0.9000 zone.{image "20091021_audusd_1.gif"}AUDUSD tests significant support barrier
AUDUSD - Once again bears took over the bulls place and is trying to test support barrier. Waiting action remains for now.EURUSD -Double bottom is formed, look for selling options below support barrier.EURGBP - Low trading range is extended, while support and resistance levels hold – further bouncing is expected.NZDUSD - Finally bears managed to breakout by support level, at the moment bears got more confidence. Selling options are on a table.AUDUSD's bounce extended to 0.8992 level
AUDUSD’s bounce from 0.8734 extended further to as high as 0.8992 level. Support is now located at the rising trend line on 4-hour chart. As long as the trend line support holds, the bounce is expected to continue and next target would be at 90.50 area. However, a clear break below the trend line will indicate that a short term cycle top has been formed and the rise from 0.8734 has completed, then another fall towards 0.8734 previous low is expected to follow.{image "20091230_audusd_1.gif"}AUDUSD's uptrend extends to 0.9007
AUDUSD’s uptrend from 0.8734 extends further to as high as 0.9007 level. As long as 0.8900 support holds, we’d expect uptrend to continue and one more rise towards 0.9050 area is still possible later today. On the downside, the pair could possibly be forming a short term cycle top at 0.9007 level on 4-hour chart. Key support is located at 0.8900, a breakdown below this level will confirm the cycle top and indicate that the rise from 0.8734 has completed, then another fall towards 0.8734 coul...AUDUSD: Correction With Upside Bias
AUDUSD: Correction With Upside Bias - AUDUSD strengthened for eight months in a roll the past month building on its medium term uptrend triggered in late April’09. With this uptrend coming on the back of a base forming.Absence of Major Buyers Keeps Lid on Equity Markets
The absence of major buyers ahead of this week’s U.S. Non-Farm Payrolls Report was evident today as stock markets weakened following friendly jobs and service data. In addition, today’s Fed minutes weakened the Dollar because of greater demand for higher yielding currencies, but this weakness in the Greenback failed to turn into greater demand for equities. Usually the first week of January sees an increase in cash from institutions and mutual funds, but this year, this buying power h...After Decline, EUR Finally Advances Against the USD
Daily Review 2/2/2010USD Dollar (USD) – The Dollar was mixed versus the majors after better than expected Manufacturing PMI and gains in equity markets led investors to bet on global economic recovery. ISM Manufacturing PMI came out stronger with 58.4 versus 55.5 expected. NASDAQ and Dow Jones gained by 1.11% and 1.17% respectively as a lift in energy stocks led by strong earnings from Exxon Mobil contributed to a broad incline. Crude Oil gained by 2.79% closing at 74.92$ a barrel on weaker Do...Ahead of Bullish Break in Euro
EUR Open and earlier preserved long positions have had positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement we can assume probability of rate return to close 1,5040/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts o...Aid package announcement would be bullish for the Euro
EURJPY vs. S&P 500 futures, ssee how the correlation has been totally off the last few months, but returned last week or so. Looking at the EURJPY vs. S&P 500 chart is looks like every time there has been a longer time of very low correlation it has been followed by a longer directional move.All probably comes down to the US payrolls figure out on Friday
S&P 500 futures closed up Wednesday and chart now shows a successful test, which is opening for a move higher to potentially test 1100 key resistance. Need to see a strong punch through this level to force stops and avoid selling from longs to get a successful break out. All probably comes down to the US payrolls figure out on Friday. A strong number would most likely result in a test of 1100 and a weak number would most likely open for move down towards 980 key support. We expect the unem...Analyze Real Time Forex Charts to Improve Trading Performance
Find Forex charts corresponding to your desired pair. Enjoy up to date data and real time feeds for best investment resultsAnnouncement From Obama Pushed the USD for Mixed Results
Daily Review 25/01/2010 USD Dollar (USD) – The Dollar finished mixed after Obama administration's plan to limit the size of the nation's largest banks and what trading activities they could engage in. Wall Street finished low. Dow Jones tumbled by -2.09% and NASDAQ depreciated by -2.67%. Crude oil plunged and fell to $74.15 reaching a one-month low. Gold (XAU) almost unchanged closed at 1093$ an ounce. Today, The Existing Home Sales is expected at 5.95M vs. 6.54M previously.EURO (EUR) – The...Another Day Of Nothing.....
And that's what we have basically every single day. The hardest part being is how difficult it is to short or go long stocks. Stocks set up to fall blast higher and stocks set up to soar fall apart. That's pretty much an every day occurrence. The market is getting lots of good economic news but this 1100 area is not allowing the market to move further along. Any time we get a bit over 1100, no matter what good news hits, it falls back from the breakout zone. You can make the argument that it's ...Another Nothing Day..
And that's with the Feds saying to leave interest rates alone for a long time to come. No fear of rising interest rates to come for our economy. The market shrugged off the good news in a way that said it knew this is what was coming all along. Good news can't break us out these days and we had lots of it today. Excellent news on the housing front and on the inflation front this morning, and then the news from the Feds, but the market can not break through this 1115/1119 wall of china. The mark...Apple, Inc. Sends Equity Markets Higher During Extended Trading Hours
Much better than expected earnings from Apple, Inc. is helping to drive U.S. stock index futures higher after the close. This rally comes on the heels of a strong day session which saw equity futures rise to a new high for the year after several companies reported better than expected earnings or gave favorable future guidance. With no place to get a better return, investors continue to pour money into the equity markets. Unless some major force rears its ugly head, look for t...Pattern Triangles
Ascending and Descending triangles are important Forex trading trend patterns that are taught in this guide.Asian−Pacific Nations Pledge to Maintain Stimulus
The U.S. Dollar is trading mostly weaker this morning following the decision by Asian-Pacific nations to maintain stimulus until the global economy shows “durable” growth. The pledge to continue the commitment toward liquidity has reduced the attraction of holding the U.S. Dollar.Asset Allocation Play Continues; Stock Rise, Treasuries Break Overnight
U.S. stock indices are trading better overnight. Last night’s rally took out the recent top in the March E-mini S&P 500, reaching 1114.75. The next upside targets are 1119.00 to 1122.00. Optimism over a U.S. economic recovery is encouraging investors to seek higher yielding stocks at the expense of Treasuries and Gold.Asset Allocation Play Drives Stocks Up; Treasuries Down
U.S. equity markets are trading higher at the mid-session as traders bet that the U.S. economy will continue to recover even in the face of higher interest rates. Investors are reallocating funds from Treasuries into the stock markets. Traders feel that the best return will be in equities in 2010 while higher interest rates will erode the value in T-Bonds and T-Notes.This morning’s recovery in the U.S. Dollar could be a sign that risk sentiment may not be the driving force behind price action...Asset Allocators Shift Money to Stocks While Shunning Treasuries
Real buying returned to the stock market today as investors shifted money from fixed-income Treasuries to higher yielding equities. This is all part of a reallocation of assets. Investors are betting on a U.S. economic recovery to drive stock prices higher in 2010. On the other hand, investors are betting that the value of Treasury Bonds and Notes will continue to erode as interest rates rise.Attempt of Bullish Break in Euro
EUR The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked priority of bullish activity as the result of the previous trading day, regardless of sign of rate overbought gives grounds for supposition of bullish choice in planning trading operations for today. Hence and considering the case of further rate range movement, we can assume probability of rate return to close 1,4460/80 supports, where it ...Australia's retail sales strengthened 0.3 percent in October
Good morning and welcome to Varengold’s Daily FX Report. Today we expect further interesting economic data from Europe and the United States and of course the ECB rate decision. However, we wish you good luck and a successful trading day.Australian Dollar Drags Higher Yielding Currencies Lower
Weakness in the AUD USD is dragging higher yielding currencies lower overnight. This is leading to the call for a stronger U.S. Dollar on the opening. Investors are becoming more risk averse ahead of three major central bank meetings this week. On November 4th the U.S. Federal Reserve holds its FOMC meeting. This will be followed by the European Central Bank and the Bank of England on November 5th.Bad Housing Starts Report Limits Upside Movement in U.S. Equity Markets
Despite the weakness in the Dollar today, U.S. Equity markets could not get on track for a rally because of a bad housing starts report. This morning’s decline in U.S. Housing Starts capped gains throughout the day although the markets were able to eke out a slightly better close. Traders are beginning to question stock valuations given the current weak state of the economy.Bank Holiday Pushes USD Down
Daily Review 19/01/2010USD Dollar (USD) – The Dollar weakened versus most majors after a low volume session and gains in world equity markets worldwide pushed the Dollar lower versus the other majors. U.S stock markets have been closed due to Martin Luther King Day. Crude was almost flat with 0.22% closing at 78.25$ a barrel and Gold (XAU) almost unchanged closing at 1131.10$ an ounce. Today, TIC Long Term Purchases are expected stronger with 30.3B versus 20.7B prior. EURO (EUR) –The Euro g...Bank of Canada Announcement Sends USD CAD Soaring
This morning the Bank of Canada announced that interest rates would remain at 0.25 percent until June 2010 and that it was still concerned about the strength of the currency and its possible negative affect on exports. This news helped send an already strong USD CAD sharply higher. Technically, the U.S. Dollar crossed over to the bull side of the 1.0991 to 1.0205 range when it crossed the mid-point at 1.0588. The EUR USD is continuing to weaken after breaking the last main bottom at 1.4801 ye...Bank of Canada Warns about Canadian Dollar's "persistent strength"
The USD CAD closed higher on Tuesday after the Bank of Canada left interest rates unchanged but warned about the Canadian Dollar’s “persistent strength” and its possible negative impact on the economy. Since October the BoC has been issuing statements regarding the rapid rise in the Canadian Dollar and its potential detrimental effect on the recovering Canadian Dollar. Warnings have ranged from mild to stern and some have come from Prime Minister Harper. In this case, the BoC ...Bank of England Policy Decision Could Trigger Volatile Moves
Yesterday the Federal Reserve laid out the groundwork for another 30 days of increased demand for higher yielding assets by remaining committed to low interest rates for an “extended period” of time. Traders reacted on Wednesday as if this news was already in the market. This makes today important because the inability to follow-through to the upside in the currencies, crude oil and equities could trigger a massive liquidation break.Bases Remain...Financial's Weak....
Folks, there are only so many ways I can say the same thing day after day is this, the hardest trading market I've seen in a very long time. Every day there are great long and short set ups that fail for no good reason. Some work. Some do not and there's no rhyme or reason to it. Normal technical analysis just isn't working. Rotation everywhere in a whipsaw like fashion. It seems almost intentional the way that the powers that be are moving things around. Earlier this week we lost the top of th...Bases Setting Up Below Key 1121 S&P 500 Pivot....
The more I watch this market through its every day whipsaw, the more I am convinced that the next decent move is going to be a higher one. Please study the charts tonight that are being provided for you and notice how so many of the index charts are forming bases, longer-term ones as well, right beneath major breakout levels. 1120 is the price breakout on the S&P 500, but 1121 is the official 50% retrace level of the entire move from the Bull market high of 1576 to the March lows at 666. M...Bases Still Set Up Bullish...
It's an endless pit of nothing. I know that's what it feels like folks. A market that seemingly can't move. No volatility. Hours of the market trading in such a small range. We're not used to that after the experience of having the market blasting off from March until September. Seven sweet months of beautiful gains that spent very little time pulling back. A market that wanted nothing but higher seemingly every day. Then we get four months of this range bound market and we yearn for that type ...Battle Lines Are Set Up...
The bulls lost those important 20- and 50-day exponential moving averages nearly two weeks ago and are now in the process of trying to back test and break back through. The real question on everyone's mind is whether the market is broken for good or whether the market is going to roar back and March higher. Good cases can be made for both sides to be fair. The bears can claim that the market made its first breakdown out of an initial thrust down in now over one year. That was a nice change of t...Bear Flags Break Down...
The question becomes for the masses, does that matter very much or is it really not very relevant? Let's discuss what breaking down from bear flags can and usually does mean. If we go back to the March lows of 2009 we can see there was never a time during a pullback where the market basically stood still and formed a bear flag. Pretty much right back up once we had some selling. Strong hollow black candles which left little doubt about what was taking place. All selling was being gobbled up in ...Bearish Break in Euro
EURThe pre-planned break-out variant for sales has been implemented with attainment of the anticipated targets. OsMA trend indicator, having marked preservation of sales activity priority, regardless of rate oversold sign, suggests further preference of bearish direction in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to close resistance levels at 1,3740/60, where it is recommended to evaluate the d...Bearish Break in Euro
EUR The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked no clear bullish counteraction on relative rise of sales activity, suggests priority of bearish direction in planning trading operations for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to 1,4040/60 levels, where it is recommended to evaluate the development of the ...Bearish Break in Euro Took Place
EURThe pre-planned sales from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked sign of rate overbought considering firm bullish counteraction, suggests preference of sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to channel line 1 at 1,3520/40, where it is recommended to evaluate the development of the activity...Bearish Comments Sink Stocks into Close
Stocks tumbled late in the trading session to finish lower for the day after bank analyst Dick Bove downgraded Wells Fargo Bank to a “sell.” In addition, stores circulated that Wal-Mart executives warned that the Christmas season would be “tough.” The technical closing price reversal indicates a possible top which could start a 2 to 3 day break. Today’s trading action has also made this market susceptible to a weekly reversal down which would be a more significant in...Bearish Concern in Euro Strengthens
EUR The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked high level of bearish activity at break of key supports gives grounds for supposition of at least incompleteness of rate decline cycle. Therefore, considering upward indicator direction we can assume probability of rate return to close 1,4900/20 resistance levels, where it is recommended to evaluate the development of the activity of both partie...Bearish GBP and USD positions reduced
The latest IMM data covers the week from 27 October to 3 November. Speculative investors further reduced their dollar short positions ahead of last week’s FOMC meeting and the US employment report. The reduction in short US dollar positions coincided with further losses on equity markets and the move in EUR/USD below 1.47. The IMM data also shows that short GBP positions were reduced ahead of the BoE meeting, at which the Bank increased its asset purchase programme by a less-t...Bearish News Boosts Dollar's Appeal as Safe Haven
The U.S. Dollar is up sharply overnight after a slew of negative economic events drove traders to the safety of the Greenback. The Dollar is up against European and Pacific Rim nations while falling to the lower yielding Japanese Yen.Bearish Trend in Euro
EUR The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preservation of close parity of both party activity, gives grounds for supposition of further rate range movement with no affirmative choice of priorities in planning trading operations for today. Therefore, as earlier we can assume probability of rate return to 1,4760/80 levels, where it is recommended to evaluate the develop...Bearish Trend in Euro
EUR The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, and fall in both party activity as a result of the previous trading day gives grounds only for petty correction of earlier designed trading plans. Namely, we can assume probability of rate return to close border of Ichimoku cloud at 1,4700/20, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time i...Bearish Trend in Euro
EURThe pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked close parity of both party activity, suggests probable period of rate range movement, but favoring sales in planning trading operations for today. Hence, we can assume probability of rate return to channel line 1 at 1,3660/80, where it is recommended to evaluate the development of the activity of both parties in accordance wi...Bearish Trend in Euro Continues
EUR The pre-planned break-out variant for sales has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked relative rise of both party activity as the result of the previous trading day, considering the chosen strategy, does not clarify the choice of planning priorities for today. Nevertheless, considering preservation of bearish party priority, and taking into account sign of bullish activity incompleteness, we can ass...Bearish Trend in Euro Loses Its Momentum
EUR The pre-planned break-out variant for buyers has been implemented, however, with loss in several points in attainment of minimal anticipated targets. OsMA trend indicator, having marked relative rise of buying activity, suggests incompleteness of bearish development period and, as a result, holding of open long positions for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,3600/20 supports, where it is recommended...Bearish Trend in Euro Must Go on
EURThe pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked high degree of bearish activity, suggests preference of choosing sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of reaching borders of Ichimoku at 1,3720/40 levels, where it is recommended to evaluate the development of the activity of bo...Bearish Trend in Euro Resumes
EUR The opened and held short positions have had a positive result in overlap of minimal anticipated target and, at this point, considering current sales activity, the targets remain at 1,3980/1,4000 levels, and (or) further break-out variant up to 1,3920/40, 1,3860/80. The alternative for buyers will be above 1,4140 with the targets of 1,4180/1,4200, 1,4240/60.Bearish Trend in Euro Strengthens
EUR Earlier opened and held short positions have had a positive result of overlap of the anticipated targets. OsMA trend indicator, having marked priority of bearish activity development, regardless of signs of rate overbought, gives grounds for choosing planning sales for today. Hence, we can assume probability of rate return to close resistance levels at 1,4220/40, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter ti...Bears Trying....
Not exactly blowing the bull's house down but trying. A start. They were successful in at least taking the S&P 500 below 1074, and they did it without a gap down, although, that is actually the weakest way to do it because there's no wall of resistance directly above. However, props to the bears for finally getting things going their way. The bulls now have to find the right tonic of news, and fast, to get this market back over the 20-day exponential moving averages and above the S&P 50...Bears confidence for EURUSD is extended
Bears are in good shape, significant barrier at 1.3632 is broken. A slide below this level initiated stronger movements by bears. Negative trend is extended further downside, look for selling possibilities below support barrier.{image "eurusd_20100215072240.jpg"}How to Become a Forex Broker
Receive expert advice and inside tips from pro traders to ensure your leap to seasoned forex broker is successful.Been looking weak ever since it took out that support at 1.6788 last week
The bearish momentum increased over the last week and it bounced off that 1.2490 level Friday some 240 pips up to 1.2750, but since reversed lower and it broke through the 1.2490-80 support level overnight and next support level is now the January 2006 high of 1.2323. The bearish momentum is intact below the former underlying support, now resistance at 1.2626 for today.Been looking weak ever since it took out that support at 1.6788 last week
The bearish momentum increased over the last week and it bounced off that 1.2490 level Friday some 240 pips up to 1.2750, but since reversed lower and it broke through the 1.2490-80 support level overnight and next support level is now the January 2006 high of 1.2323. The bearish momentum is intact below the former underlying support, now resistance at 1.2626 for today.Beginner Traders' Corner−− USD/JPY Still in a Downtrend, but Positioning for a Break?
{image "USDJPY+2-15-2010+2-28-27+PM_20100215203752.png"}From a technical perspective, USD/JPY is in a downtrend on a 4-Hour Chart, but is within an uptrend on the shorter term. The pair has made a retracement from its downtrend marked by the high on the chart to the low (93.75 on jan 7 2010, to 88.53 on Feb 4 2010) and made it all the way back to the 38.2% Fibonacci level which also coincided with the downwards trendline on this move. The pair has been unble to get above these...Beginner Traders' Corner−−− USD/CAD
{image "usdcad2-8-2010+5-50-15+PM_20100208232108.jpg"}USD/CAD is trading right now around the 1.0750 level on the daily chart just between the 100 and 200 Day Moving Averages respectively. Look to these levels for immediate support and resistance on a daily basis and to give direction to the pair in the coming weeks. If you look at my earlier post you will notice that we examined this pair in January and were looking for a break of the 100 day moving average around 1.0550 (whic...Beginner Traders' Corner−−−−−−−−−−GBP/USD Making a Move Out of Consolidation
The Claimant Count is the UK's most timely measure of unemployment. The report measures the number of people who claim unemployment benefits, but actively seeking work. The Claimant Count serves as a barometer for the health of the UK labor market. Higher job growth accompanies economic expansion and could spark inflationary pressures.Beginning Traders' Corner
EUR/USD has broken it's Bear Flag formation that had been forming since it's break of the 100 Day Moving Average, around 1.4600/ 1.4620 on 12/15/09. Since then it has been trading in a range from roughly 14260 to 1.4577 until today, when it broke the 38.2% Fibonacci Retracement Level and 200 Day Moving Average at 1.4280. Right now the pair is currently trading around 1.4100. and Is targeting the 1.4000 (S2) level, which is incidentally the 50% Fibonacci Retracement Level...Bernanke Comments Rattle Treasury Bonds
Treasury futures are trading lower at the mid-session following comments from Fed Chairman Bernanke hinting at an interest rate hike. Although Bernanke did not pinpoint when interest rates would rise, he did propose the Fed’s strategy on ending stimulus and hiking interest rates. Additional pressure is coming from the increased T-Bond and T-Note supply which will hit the market after the Treasury auction. Finally, if the European Union announces its plan to help out Greece, Treasuries are like...Bernanke from raising the key interest rate
Good morning and welcome to our first Daily FX Report of this week. From an economic point of view it seems that the week may start quietly with only a few economic data. However, we wish you a good start and successful trades.Better Housing Number Boosts Stock Indices
U.S. stock indices closed near the high of the day following the release of a better than expected U.S. existing home sales report. Traders increased long positions on expectations of a strong recovery in the U.S. economy. Last night’s rally took out the recent top in the March E-mini S&P 500, reaching 1114.75. The next upside targets are 1119.00 to 1122.00. Optimism over a U.S. economic recovery is encouraging investors to seek higher yielding stocks at the expens...Better Housing Number Boosts Stock Indices
U.S. stock indices added to their earlier firm tone with a strong rally following the release of a better than expected U.S. existing home sales report. Traders increased long bets that the U.S. economy would continue to recover. Last night’s rally took out the recent top in the March E-mini S&P 500, reaching 1114.75. The next upside targets are 1119.00 to 1122.00. Optimism over a U.S. economic recovery is encouraging investors to seek higher yielding stocks at the expense of Treasurie...Better Than Expected U.S. Retail Sales Report Drives Dollar Sharply Higher
The U.S. Dollar soared to the upside after the government reported better than expected retail sales in November. The increase was more than twice pre-report estimates. The Greenback received an additional boost after the University of Michigan reported a greater than expected uptick in consumer confidence.Market participants want to see stability in the labor market and an increase in consumer spending. The bullish response to the retail and consumer confidence numbers is as sign that specul...Better than Expected GDP Could Support Demand for Higher Risk Assets
U.S. stock indices may see fresh buying today if GDP exceeds today’s consensus estimate of 4.5%. What this market needs right now is a shot of confidence, and news that the economy is improving at a better rate than forecast could be exacting what investors have been waiting for. The problem is whether investors will be paying more attention to past data such as the GDP or current reports regarding sovereign debt issues in Greece and Portugal.Bid Ask Prices
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Find out how you too can use Forex trading Bollinger bands in our school and trading platform. learn today trade tomorrowBoost in Appetite for Risk Pressures Dollar
An increase in demand for risk is putting pressure on the U.S. Dollar overnight. Tensions have been easing all week on speculation the European Union will accept the latest proposal by Greece to shore up its budget deficit. In addition, talk is circulating that the E.U. and the International Monetary Fund are likely to rescue Greece should the situation warrant such moves. Asian traders like the news and are boosting demand for higher risk assets and higher yielding currencies.Bouncing Off Of Oversold...
The masses are now wondering if the down trend is over. A brief interlude to the down side to unwind things and now that this has taken place, it's all good from here. I wouldn't get too bullish too fast here. We're still below the 20- and 50-day exponential moving averages across the board and those will need to be taken out with force before you can get too bullish. A move off of oversold, which we talked about on Friday, was expected. RSI's in the low 30's on the daily charts and oversold on...Bouncing Off Oversold...
But the market needs more unwinding. It can do it in two ways, of course. It can move in a base or laterally. Up, down, up, down, etc. The other way is a good old fashioned period of harder selling. One way or the other it should get the job done over the coming days and weeks. We are simply too stretched out here on the medium to longer term time frame charts to continue blasting higher but that doesn't mean we're going to fall apart. To the contrary, I don't think that's in the cards at all a...Breakout Holds....
The bears tried this morning to take things lower after yesterday's clean breakout over S&P 1080. The futures were down pre-market but worsened once the earnings came out from Goldman Sachs Group (GS) and Citigroup, Inc. (C). The numbers fro m GS were solid but it had been straight up and needed a pause in the action. It certainly got that refresher pre-market as it was down about 5$. Citigroup, Inc. (C) was awful. Less of a loss than expected but they're still bleeding out badly and this h...Breakout!!!
So we finally said goodbye to 1080 S&P 500 after trading in between the gap for a month or so. One break down below along the way that was quickly recovered. You had to figure it would take time to get through since the gap down from 1080 to 1060 in October 2008 was on massive volume and started another strong leg lower. Lots of willing sellers at that magical 1080 level.British Pound Rallies amid Rise in U.K. Trade Balance
The U.S. Dollar finished higher on Tuesday against a trade weighted basket of currencies while losing ground to the British Pound and Japanese Yen. Risk aversion was high as demand for safer assets rose after China’s central bank took action to prevent the economy from overheating. This was a strong hint that it was prepared to raise interest rates and end government stimulus measures.Bullish Break in Euro
EUR The break of last week`s top with priority of bullish activity gives grounds for choosing bullish direction in planning trading operations for today. Therefore, at this point, considering reversal point of OsMA trend indicator, we can assume probability of rate return to close 1,4440/60 support levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions on condition o...Bullish Break in Euro Took Place
EUR The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of reversal bearish signal so far does not clarify the level of bearish opposition. Therefore, considering earlier chosen priority of bullish direction in planning trading operations for today, and taking into account current bearish cycle of indicator chart, we can assume probability of rate return to close 1,5060/80 supports, where it ...Bullish Consolidation Under The Gap Top At 1080 S&P 500 ...
These are more than interesting times. You have stocks continuing to move higher off the March 666 S&P 500 lows. Every critical level of resistance struggles initially but eventually gets taken out to the up side over time. Each time it fails initially, the bears come out and say the top is in but that just hasn't been the case. The bulls fight and ultimately wear down the will of the bears and move the markets higher.Bullish Correction in Euro Completed or Risk of Bearish Break
EURThe estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, having marked relative rise of bearish activity as well as current cycle of bearish activity, suggests holding of earlier opened short positions with the targets of 1,3700/20, 1,3640/60 1,3560/80 and (or) further break-out variant up to 1,3500/20, 1,3440/60, 1,3380/1,3400. The alternative for buyers will be above 1,3860 with the tar...Bullish GDP Report Launches Equity Market Rally
A bullish U.S. Third Quarter GDP Report this morning has helped launch a strong rally in the December stock index futures. Traders have renewed their demand for higher risk assets after a four-day decline. Technically, the markets are only retracing the recent down move. A close on the high and a follow-through rally tomorrow will be a better indication that the correction is over. Although the report was bullish, it is stale data. Traders want may want to see if the economy continues to im...Bullish Momentum in Euro Resumed
EUR The pre-planned break-out variant for buyers has been implemented, and attainment of anticipated targets is supported by relative rise in bullish activity, marked by OsMA trend indicator at break of key resistance range levels. At this point, considering reversal sign of indicator chart, we can assume probability of rate return to close 1,5000/20 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time inte...Bullish Momentum in Euro Resumes
EUR The assumed rate return to the key resistance range levels has been confirmed, however, essential rise in bullish activity, marked by OsMA trend indicator, has been a negative moment for implementation of the pre-planned short positions. Furthermore, at this point, considering supposition for choosing bullish planning priorities, we can assume probability of rate return to close 1,4300/20 supports, where it is recommended to evaluate the development of the activity of both parties in accord...Bullish News Out of China Helps Spike Equity Markets Higher
Bullish reports out of China helped stock markets recover in Asia, leading to a strong rally in the December E-mini S&P 500. News that China’s November exports fell 1.2 percent following a 13.8 percent decline in October helped spike U.S. equity markets to the upside. The strong rally overnight helped take out yesterday’s high, and a retracement level in the S&P contract at 1106.25. The key to a rally today will be whether investors are willing to chase this market...Bullish Potential in Euro Is Lost
EUR The pre-planned break-out variant for sales has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked break of key supports by expanding tendency of sales activity strengthening gives grounds to choose bearish side for planning priorities for today. Hence and considering current bullish direction of indicator chart we can assume probability of rate return to 1,4920/40 support levels, where it is recommended to evaluate the development of the ac...Bullish Potential in Euro Shrinks
EUR The estimated rate return to the key supports has been inplemented with condition for implementation of the pre-planned buying positions. At this point, considering preservation of bullish party priority and ascending indicator chart, the targets for open long positions remain levels of 1,4500/20, 1,4560/80 and (or) further break-out variant up to 1,46620/40, 1,4680/1,4700. The alternative for sales will be below 1,4370 with the targets of 1,4300/20, 1,4200/40.Bullish Potential in Euro Strengthens
EUREarlier opened and held short positions did not have a positive result within the frames of the previous trading session. OsMA trend indicator, having marked strengthening of buying activity, delivers negative signs regarding holding of earlier opened sales. Therefore, at this point, considering preference of bullish direction in planning trading operations for today and current descending direction of indicator chart, we can assume probability of rate return to close 1,3720/40 supports, whe...Bullish Priorities in Euro
EUR The pre-planned break-out variant for buyers has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked in the bigger picture the preservation of bullish party activity, gives grounds to pre4serve buying position priority for today. Therefore, considering current cycle of bearish activity according to OsMA trend indicator, we can assume probability of rate return to close 1,4920/40 supports, where it is recommended to evaluate the development of...Bullish Priorities in Euro under Doubt
EUR The estimated test of key resistance range levels has been confirmed, but relative rise in buying activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. Nevertheless, in the bigger picture, considering close parity of both party activity while rate is contained within the borders of Ichimoku cloud, we can assume probability of rate range movement with attainment of close border of the cloud at 1,4980/1,5000 levels, where it is re...Bullish Trend in Euro Is Completed
EUR The estimated test of key resistance range levels for implementation of sales has not been confirmed, but anticipated rate decline has revealed signs of rate oversold not favoring positive implementation the break-out variant. Therefore, at this point, considering ascending direction of OsMA trend indicator, we can assume probability of rate return to the border of Senkou Span B in Ichimoku cloud at 1,4400/20, where it is recommended to evaluate the development of the activity of both parti...Bullish Trend in Euro Preserved
EUR The estimated test of key supports has been confirmed, however, strengthening of bearish activity, marked by OsMA trend indicator, has not been considered as a positive sign for implementation of the pre-planned buying positions. Therefore, at this point, considering no clear signs regarding choice of planning priorities, we can assume probability of rate return to close 1,4460/80 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accor...Bulls Fight Back...
Yesterday we get a strong gap down that runs lower all day. A trend down day that puts the bulls on notice for more down side action. The move lower coming from overbought oscillators on those daily charts. Surely the market could use some time off to get things unwound. Give the bulls a breather. The market could use it so let’s just continue the selling today. Not to be. The market rallied early on and failed right where it was supposed to. Right at the back test of the gap down that would ...Bulls Punch Back...
Just when it looked like all hope was lost for this rally to hang in there, the bulls fought back today in a big way, engulfing the losses from yesterday. Not much news to go on except some good Dow earnings reports this morning. The market gapped down big on the Nasdaq, but the Dow wanted green. The market was bifurcated with the Nasdaq down 10, but the Dow up 40 an hour or so in. After that, the Nasdaq started to reverse while the Dow kept going. The S&P 500 started lower but it too rever...Bulls Snap Back...Take 50's With Them..For Now...
Are we having fun yet? This whipsaw is classic. It's more the sign of a mature market that needs a lateral consolidation due to the great move it made over the past few months. Mature meaning, upside isn't easy but difficult to kill because the economic news and earnings reports are so good overall. Push and pull which allows a longer term lateral basing pattern to form to cool down the oscillators and emotions from a too bullish perspective. Now, even though we never got overly bullish in sent...CAD/JPY
Comment: In the first working week this year the Canadian dollar inched up to 90.60, higher than July’s high. After last week’s ‘bearish engulfing’ candle we can say that this was an ‘extension’ and that the cross will trade below 90.00 for the rest of this month, maybe a lot longer. This week prices will probably try and hold above the top of the good-sized Ichimoku ‘cloud’. Then down towards the moving averages early in February, eventually the bottom of the ‘cloud’ and a ...CHF
Comment: Having re-tested the psychological level at parity, the US dollar bounced a little in thin year-end conditions. One of last year’s worst-performing currencies (with Swiss National Bank intervention to keep it weak against the Euro), it nevertheless managed a 10% appreciation against the greenback. So much for a strong dollar policy and recapitalisation. Attitudes to the Swiss franc seem to have changed over the holidays and it is currently trading at its strongest ever on the Bank of...CHF − This week's dip below the 9−week moving average has turned momentum bearish
Comment: Having re-tested the psychological level at parity, the US dollar bounced a little in thin year-end conditions. One of last year’s worst-performing currencies (with Swiss National Bank intervention to keep it weak against the Euro), it nevertheless managed a 10% appreciation against the greenback. So much for a strong dollar policy and recapitalisation. Attitudes to the Swiss franc seem to have changed over the holidays and it is currently trading at its strongest ever on the Bank of...CHF/JPY
Comment: A powerful chart combination with last week’s ‘bearish engulfing’ candle following on from the previous week’s ‘hanging man’. Once again it underlines the formidable resistance that lies between 90.00 and 91.55, an area that limited the top throughout the whole of 2009. The weekly Ichimoku ‘cloud’ has at last stared to thin, so perhaps we are building for a sustained break lower. Moving averages and Ichimoku ‘cloud’ indicate we are in bear mode and it is just a matt...CRUDE OIL: Digesting Medium Term Rally With Eyes On The Upside
CRUDE OIL: Digesting Medium Term Rally With Eyes On The Upside - Although Crude Oil is now lagging behind Gold in terms of upside offensive and continuation of its medium term uptrend, from …Cable Sideway Range
EUR The pre-planned long positions from key supports were implemented with the achievement of minimal and main estimated target. OsMA trend indicator having marked relative activity rise of both parties does not clarify the choice of planning priorities for today. Nevertheless, considering rate position above Ichimoku cloud favouring to bullish party as well as the sign of bearish cycle incompleteness we can assume probability of the achievement of Ichimoku cloud at 1,4680/1,4700 levels, where ...Calm before the Rally?
EUR The estimated test of key resistance range levels for implementation of the pre-planned short positions has not been confirmed, but fall in both party activity as a result of the previous trading day, does not give grounds for any amendments to earlier designed trading plans. Therefore, as earlier, we can assume probability of rate return to 1,4760/80 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time i...Carry Trade Reversal Pressuring Equity Markets
U.S. equity markets are under pressure this morning following a better than expected Non-Farm Payrolls Report. This morning the government reported a surprise drop in the unemployment rate to 10 percent. Pre-report estimates were for the unemployment rate to remain unchanged at 10.2 percent. In addition, the total jobs lost came in at 11,000, well above estimates of 125,000. The October job loss was revised lower.Traders initially bought stocks on the news but turned into sellers on the thoug...Central Bank Purchase Sends Gold Soaring
News that the Reserve Bank of India purchased 200 metric tons of gold from the International Monetary Fund is sending prices soaring today. The transaction which was worth about $6.7 billion is encouraging speculation that other central banks may be looking to buy gold. December Gold broke through its October high at $1072 early in the morning and is now pushing toward the $1085 area. New support is at the old top. There is no resistance at this time which means $1100 is the most likely targe...Central Banks Move Reserve Currencies from USD to EUR and JPY
Daily Review 13/10/2009USD Dollar (USD) – The Dollar weakened versus most majors as more central banks moved bigger parts of their reserve currencies from Dollars to Euros and Yen. NASDAQ closed almost flat with -0.01% and Dow Jones gained by 0.21%, Crude rose by 0.75% closing at 73.10$ a barrel, Gold (XAU) gained by 0.55% closing at 1055.4$ an ounce on weaker Dollar. Today, the Federal Budget Balance will be released and is expected better with -77.3B versus -111.4B prior. Fed's Member Kohn w...Chart Pattern Suggest Further Weakness in Dollar
The U.S. Dollar finished lower against a basket of currencies for the fifth straight day in sluggish trading. Contributing to the weakness were reports that U.S. Jobless Claims rose last week by the largest amount in five weeks and U.S. Retail Sales were down.Chart of the Day – AUD/USD
{image "COTD-2009-11-16_20091116162240.JPG"} 11/16/2009 – AUD/USD – Price action to start the week on AUD/USD, a daily chart of which is shown, has just tentatively broke through to establish a new 15-month high for the pair, but only by a handful of pips thus far. This currency pair continues to operate within the context of a long-term uptrend extending from March. If the current bullishness continues and closes significantly above the resistance imposed by the last 15-month high (around ...Chart of the Day – AUD/USD
{image "COTD-2010-01-12_20100112154542.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "COTD-2010-02-03_20100203162330.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "COTD-2010-01-14_20100114155240.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "COTD-2009-10-28_20091028143008.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "COTD-2009-11-02_20091102155038.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "2010-01-26-COTDs_20100126182927.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "COTD-2009-12-15_20091215171608.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "COTD-2009-11-09_20091109153727.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – AUD/USD
{image "COTD-2009-12-18_20091218163426.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – EUR/JPY
{image "COTD-2009-11-19_20091119161631.JPG"} 11/19/2009 – EUR/JPY – Price action on EUR/JPY, a daily chart of which is shown, is displaying dramatic yen strengthening today on stock market declines that is also abundantly clear on other major yen pairs/crosses like USD/JPY and GBP/JPY. In the case of EUR/JPY, price has descended all the way down to approach a dynamically-ascending support line extending from the April low. This support line constitutes the bottom border of a large, prolonge...Chart of the Day – EUR/JPY
{image "COTD-2009-12-04_20091204162236.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – EUR/JPY
{image "COTD-2010-01-22_20100122161820.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – EUR/JPY
{image "COTD-2010-02-09_20100209160320.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – EUR/JPY
{image "COTD-2010-01-22_20100122161820.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2009-12-08_20091208155733.JPG"} 12/08/2009 – EUR/USD – Price action on EUR/USD, a daily chart of which is displayed, has shown strong signs of ending, or at least seriously interrupting, the strong uptrend that has prevailed in the pair since the March lows. The pair has not only made a bonafide breakdown of the steep uptrend support line that has been in place for much of the year, it has also just made a tentative breakdown below key support in the 1.4800 price region, establ...Chart of the Day – EUR/USD
{image "COTD-2009-12-22_20091222160416.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2009-12-14_20091214165013.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2010-02-05_20100205165328.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2010-02-02_20100202160043.JPG"} 2/02/2010 – EUR/USD – Price action on EUR/USD, a 4-hour chart of which is shown, has made yet another bullish retracement within the context of the new overall downtrend. The current leg of this new downtrend extends from the January 13th high, and has formed a valid bearish resistance trendline. Within the context of this downtrend resistance line, price has made several breakdowns of both short-term uptrend support lines and horizontal support ...Chart of the Day – EUR/USD
{image "COTD-2009-10-20_20091020142208.JPG"} 10/20/2009 – EUR/USD – Price action on EUR/USD, a daily chart of which is shown, has just reached a new 14-month high, and has stalled around yet another resistance level (just under the 1.5000 price region), within the context of a strong continuing uptrend. This uptrend is framed by a clear parallel uptrend channel that has been firmly in place since the March lows. The overall trend and directional bias continue to be bullish, although the sho...Chart of the Day – EUR/USD
{image "COTD-2010-01-05_20100105153838.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2010-01-20_20100120145213.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2009-12-01_20091201155235.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2009-11-13_20091113162716.JPG"} 11/13/2009 – EUR/USD – Price action on EUR/USD, a daily chart of which is shown, has corrected back down to an uptrend support line after falling short of re-testing the 14-month high just above 1.50. Until a significant downside breach of this support trendline occurs, this currency pair is still very much in uptrending mode. The key upside level to watch is still in the region of the 1.5060 long-term high, as any significant breakout above this...Chart of the Day – EUR/USD
{image "COTD-2009-11-03_20091103160621.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2009-10-29_20091029143600.JPG"} 10/29/2009 – EUR/USD – Once again, price action on EUR/USD, a daily chart of which is shown, has turned up and respected a key uptrend support line extending from the March lows. This occurs after dollar-strengthening price action for the past week has prompted EUR/USD to correct back down to this uptrend line on the heels of hitting a 14-month high around 1.5060 in the beginning of the week. The current uptrend support line (which has now been r...Chart of the Day – EUR/USD
{image "COTD-2010-01-28_20100128171334.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2010-02-12_20100212154433.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – EUR/USD
{image "COTD-2010-02-17_20100217154324.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – GBP/USD
{image "COTD-2010-02-18_20100218161017.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – GBP/USD
{image "COTD-2010-02-08_20100208155801.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – GBP/USD
{image "COTD-2009-10-21_20091021143706.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – GOLD
{image "COTD-2010-01-06_20100106162116.JPG"} 1/06/2010 – GOLD – Despite the deep bearish correction that occurred in spot gold (a daily chart of which is shown) in the month of December, price action has begun what could turn out to be a significant rebound as of the beginning of 2010. This occurs within the context of an overall, continuing uptrend. The December bearish correction brought price down to a key 61.8% Fibonacci retracement level at around 1074 (the low-to-high retracement span...Chart of the Day – GOLD
{image "COTD-2010-01-18_20100118170728.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – GOLD
{image "COTD-2010-01-29_20100129153312.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – Gold
{image "COTD-2009-12-23_20091223154945.JPG"} 12/23/2009 – Gold – Within the month of December, the dramatic bearish correction in spot gold (a daily chart of which is shown) has brought price action severely off the all-time high around 1225 hit early in the month. This month-long bearishness has thus far corrected the steep, and subsequently overbought, run-up in Gold that had occurred for several months prior to that all-time high being reached. Despite this current bearish correction, go...Chart of the Day – Gold
{image "COTD-2009-12-09_20091209160858.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – Gold
{image "COTD-2009-11-04_20091104163222.JPG"} 11/04/2009 – Gold – Late last week, price action on spot gold (a daily chart of which is shown) formed a bullish engulfing pattern right at strong support in the 1025 region, which represented previous resistance. After that bullish engulfing pattern established the new support level, which also coincided with a key 50% Fibonacci retracement level, price shot up this week to overtake the previous all-time high above 1070. Currently having just es...Chart of the Day – Gold
{image "COTD-2009-10-22_20091022145341.JPG"} 10/22/2009 – Gold – Price action on spot gold, a daily chart of which is shown, has formed the appearance of a pennant pattern consolidation after reaching new all-time highs last week. This potential continuation pattern occurs within the context of a strong continuing uptrend. The all-time highs that were reached last week, just above 1070, represented a 161.8% Fibonacci extension of the prior bullish run. On the latest bullish run that represe...Chart of the Day – SILVER
{image "COTD-2010-01-25_20100125164947.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – Silver
{image "COTD-2009-11-23_20091123162058.JPG"} 11/23/2009 – Silver – Price action on spot silver, a daily chart of which is shown, has reached the very top of a key parallel uptrend channel, in the process hitting a new long-term high (just short of $19). This high at the top of the parallel uptrend channel also coincides with a 161.8% Fibonacci extension of the bullish run from $16.06 to $17.73 early this month. The current bullishness in silver mirrors the phenomenal run that has occurred i...Chart of the Day – Silver
{image "COTD-2010-02-01_20100201163436.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – Silver
{image "COTD-2009-12-16_20091216171342.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CAD
{image "COTD-2009-11-30_20091130154427.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CAD
{image "COTD-2009-12-10_20091210165831.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CAD
{image "COTD-2009-12-21_20091221153007.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CAD
{image "COTD-2010-01-15_20100115154458.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CAD
{image "COTD-2010-01-04_20100104150849.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CAD
{image "COTD-2010-01-21_20100121161450.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CAD
{image "COTD-2009-10-09_20091009150856.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CHF
{image "COTD-2009-12-11_20091211165145.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – USD/CHF
{image "COTD-2010-02-11_20100211152150.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – USD/CHF
{image "COTD-2009-10-26_20091026151938.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CHF
{image "COTD-2010-01-08_20100108164214.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – USD/CHF
{image "COTD-2009-10-26_20091026151938.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/CHF
{image "COTD-2009-11-11_20091111162510.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/JPY
{image "COTD-2009-11-24_20091124155059.JPG"} 11/24/2009 – USD/JPY – Bearish price action on USD/JPY, a daily chart of which is shown, has just made a new 6-week low and is currently targeting a re-test of the key 88.00 support level, which was last hit in early October. This occurs after price broke down below a triangle consolidation pattern in mid-November. Overall, this currency pair is firmly entrenched within a parallel downtrend channel extending from the April high at 101.43, and the...Chart of the Day – USD/JPY
{image "COTD-2009-12-07_20091207182552.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)Chart of the Day – USD/JPY
{image "COTD-2009-12-17_20091217155117.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – USD/JPY
{image "COTD-2010-02-19_20100219153920.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – USD/JPY
{image "COTD-2009-10-23_20091023145005.JPG"} 10/23/2009 – USD/JPY – Bullish price action for the last two weeks on USD/JPY, a daily chart of which is shown, has formed a steep short-term uptrend within the context of a longer-term downtrend channel. Price has also just reached strong resistance in the 92.00 support/resistance region, and additionally, is approaching the approximate upper resistance border of the rough parallel downtrend channel. Momentum indications are showing signs that p...Chart of the Day – USD/JPY
{image "COTD-2009-11-10_20091110154640.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – USD/JPY
{image "COTD-2010-01-19_20100119161223.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)Chart of the Day – USD/JPY
{image "COTD-2010-01-11_20100111154024.JPG"} 1/11/2010 – USD/JPY – After having hit a 4-month high at the top of a medium-term downtrend channel extending from the April 2009 high, price action on USD/JPY (a daily chart of which is shown) has respected that downtrend resistance by tentatively retreating. This medium-term downtrend channel resides within a larger, long-term downtrend channel extending from the June 2007 high. Currently, a key bearish event to watch for would be a significant...Chart of the Day – USD/JPY
{image "COTD-2010-01-27_20100127164119.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)China Import/Export News Triggers Renewed Interest in Risky Assets
U.S. equity markets are expected to open stronger as traders renew their demand for higher risk, higher yielding assets. Without any economic reports to concern investors, expectations are trend day. There may be a break early in the session as U.S. traders have been reluctant to chase this market after higher openings. Earnings season begins after the close today.China Eases Forex
China Eases Forex, China Eases Up on ForexChina's Move to Curb Excessive Credit Pressures Equity Markets
Equity markets are trading weaker overnight following a surprise move by China’s central bank to curb excessive credit demands. Recent data has shown that China’s economy may be heating up too fast which could lead to an asset bubble in the real estate and housing markets.China's two manufacturing PMIs were released overnight
Diverse movements in commodities this morning: WTI is trading around USD73and copper is now just below USD6,700. The complex saw broad-based declines on Friday following a strengthening of the dollar on the back of a stronger-than-expected US GDP figure for Q4 as the US economy grew 5.7% q/q ar. The strong headline number was largely driven by a build-up in inventories and thus the report does not necessarily bode well for demand going forward. Indeed, the dollar-denomination effect seemed to d...Commodities, Stocks Weaken as Traders Seek Safety
Commodity and stock markets are trading lower overnight as risk aversion is driving investors toward safer, lower-yielding assets. U.S. economic reports may have to take a backseat today as traders express their concerns with growing European sovereign debt issues by selling off higher risk assets. Trading may be volatile today as thin conditions ahead of tomorrow’s U.S. Non-Farm Payrolls Report continue to be the highlight.Commodity Markets Turn Sound as Dollar Strengthens
Commodity markets are selling off hard at the mid-session as the U.S. Dollar is mounting a strong comeback after early session weakness.December Gold sold off sharply as the Dollar regained strength to turn higher for the day. December Silver is making a similar move as the stronger Dollar is driving traders out of the precious metals. December Copper posted a new high for the year this morning and is giving back some of its early gains.The U.S. Dollar traded weaker during the early part of th...Commodity and Stocks Expected to Be Supported by Demand for Risky Assets
Commodity and stock prices are expected to continue to see support from investors demanded higher yields although short-term overbought conditions may limit upside action. Traders are citing the stronger global economy and low interest rates in the U.S as two reasons for the renewed interest in higher yielding assets.Completion of Correction in Euro Is Close
EUR The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, having marked fall in activity of both parties, suggests probable delay of rate decline, but, at this point, there are no grounds to close open short positions. Therefore, as for sales the targets will be 1,4100/20, 1,4040/60, 1,3980/1,4000 and (or) further break-out variant up to 1,3920/40, 1,3860/80. The alternative for buyers wi...Comprehensive FX and Futures Commentary
Daily Market Commentary EUR/USD Battles for a Base The EUR/USD is fighting to consolidate above Friday lows with the intention of a building a new base following last week’s heavy pullback. The EU’s GfK Consumer Confidence data printed roughly 10% below analyst expectations earlier in the session, sighting consumer concern over rising energy prices and high unemployment. Today’s setback in consumer confidence marks the 3rd straight drop from September highs. However, it remains to be seen...Comprehensive FX and Futures Commentary
Daily Market Commentary EUR/USD Bounces Above 1.35 After Another Heavy Selloff The Selloff in the EUR/USD and the risk trade continued yesterday. Investors are still concerned about the ability for Greece to enact its fiscal austerity along with debt worries in other Mediterranean nations. Additionally, the Fed shocked markets by raising its discount rate by 25 basis points, signaling that the emergency window may be closing. Investors reacted by buying up the Dollar across the board, sending t...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Sinks Towards November Lows as Equities Head South The EUR/USD is declining as investors exit the risk trade in reaction to Bernanke’s cautious comments yesterday in conjunction with Moody’s warning that the U.S. and UK are testing the patience of their Aaa Ratings. Bernanke attempted to soothe investor excitement stemming from Friday’s much better than expected U.S. employment data, resulting in a sizable Dollar appreciation. Bernanke managed to devalue th...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Climbs in Speculation EU to Take Action The risk trade ran with speculation that the EU plans to take action in regards to Greece’s troublesome fiscal situation. Trichet cut a trip to Australia short to return for an EU meeting this week, igniting speculation that the EU will be proactive in sorting out Greece’s troubles. However, such a deduction seems highly speculative and investors may not want to read too far into Trichet’s actions at this point in tim...Comprehensive FX and Futures Daily Commentary
Comprehensive FX and Futures Daily CommentaryComprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Crashes Following Negative Comments Concerning Greece The EUR/USD is getting pummeled after the IMF’s Director joined the party in issuing a negative comment concerning the state of Greece’s economy. Greece’s poor economic state is hammering the Euro, exemplified by a huge downturn in the EUR/GBP. Furthermore, the setback in this week’s Economic Sentiment data wasn’t much help. Meanwhile, China’s tighter monetary policy stance is worrying investors th...Comprehensive FX and Futures Daily Commentary
EUR/USD Retreats After S&P Cuts Spain’s Credit Rating The EUR/USD is retreating from earlier gains after Standard & Poor’s announced it has lowered its credit outlook for Spain to negative. The EUR/USD is taking a slight hit from the news, and it will be interesting to see if intra-day losses accelerate as investors focus on Spain due to a lack of pertinent economic data. Meanwhile, the EUR/USD is balancing along our 2nd tier uptrend line as bulls look to keep the currency pair abov...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Gravitates Towards January Lows The EUR/USD has dropped back towards January lows and our 2nd tier uptrend line as the Dollar consolidates across the board. Investors are waiting for new U.S. New Home Sales and the Fed’s monetary policy decision. Extra weight has been placed on the Fed’s monetary policy statement despite the expectation that the central bank will keep its policy unchanged. More government officials have been vocalizing their displeasure with ...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Sinks Further on Strong China CPI/PPI and Weak EU PMI The EUR/USD added onto yesterday’s losses after the Dollar appreciated across the board in reaction to stronger than expected CPI and PPI data from China. Inflationary data in China indicates its central bank may be enticed to tighten liquidity further should prices continue to rise. The concept that China may press down on the breaks has raised concern recording global economic growth since China has been t...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Stabilizes Following Encouraging Industrial New Orders Data The EUR/USD has stabilized above Thursday lows after the EU released an Industrial New Orders figure a full percentage point above analyst expectations. A positive data release has allowed the Euro to finally create some sort of bottom after this week’s huge pullback. The Euro’s relative strength today is highlighted by a solid pop in the EUR/GBP. However, the S&P futures made a key step back yes...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Holds Above 1.40 After Positive Data Set The EUR/USD has recovered some of its intraday losses after the Dollar appreciated across the board in reaction to news that Chinese banks are being aggressive in limiting new loan volume. The Euro received some good news after Germany’s Ifo Business Climate and French Consumer Spending outperformed. Furthermore, the EU’s current account registered a slight surplus after analysts anticipated a deficit of -3.1 billion. ...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Consolidates above Friday Lows The EUR/USD is consolidating above Friday lows as the currency pair tries to form a new base during a trading session with little economic data. The EUR/USD has taken a considerable hit this month due to a combination of deteriorating conditions in some EU member states and strong economic data releases from the U.S. The concept that the Fed will begin reigning in its alternative liquidity measures has led to a bull run in the Dolla...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Stabilizes as Investors Await U.S. Data The EUR/USD is stabilizing around the 1.39 level as investors wait for America’s ISM Manufacturing PMI data. Consolidation in the EUR/USD is a desirable development for Dollar bears since the Euro has been in a freefall the past couple weeks. Investors were able to take the weekend to allow fears concerning Greece’s budget deficit to cool down a bit. It now appears the EU will need to make a decision in regards to baili...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Strengthens Following Weak Employment Change Number The EUR/USD is strengthening in reaction to a weaker than expected Employment Change figure. Since the Dollar rallied after the turnaround in employment data in December, it seems reasonable that the Greenback is falling across the board in reaction to today’s release. Additionally, it will be interesting to see the EUR/USD log further gains today considering the level of anticipation heading into today’s da...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Fluctuates with Finance Ministers Choosing to Wait and See The EUR/USD is fluctuating above Monday lows as investors digest the EU’s plan to take a wait and see approach with Greece. The finance ministers have decided to give Greece a 30-day window to prove it can implement its plan to reduce its outstanding debt. If Greece’s actions prove insufficient, the ministers hinted they may apply further debt-reduction measures. In all, the EU is choosing to give Gre...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Consolidates Along With Risk Trade The EUR/USD is continuing its balancing act along our 2nd tier uptrend line as bulls look to keep the currency pair above November lows. Investor confidence has improved a bit today after Australia’s employment data topped analyst expectations. Australia’s recovery has given investors renewed confidence in the risk trade, resulting weakness in both the Dollar and Yen. The EUR/USD has benefitted from today’s development, an...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Drops on Positive U.S. Data The EUR/USD is experiencing a solid down bar right now as we witness a broad-based strengthening of the Dollar in reaction to this morning’s positive U.S. econ data. Since the EU has been quiet on the data front, focus shifted to China and the U.S. While the EUR/USD exhibited a slightly positive reaction to positively mixed data from China, the currency pair is logging sizable declines after the release of better than expected Retail...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Drops Below 1.45 and our 1st Tier Uptrend Line The EUR/USD has taken a blow today after the Fed implied that it may be comfortable with letting many of its alternative liquidity measures expire next year. The Fed’s more hawkish monetary stance resulted in a large Dollar pop today and the EUR/USD has dropped beneath our 1st tier uptrend line in the process. Our 1st tier is key since it runs through August lows. Hence, if the EUR/USD doesn’t shape up soon, we c...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Weakens in Wake of Positive U.S. Data The EUR/USD is pulling back after U.S. Unemployment Claims came in at 440k, 20k below analyst estimates. The stronger than expected U.S. employment data is sending investors towards the Dollar as an EU resolution for Greece becomes more certain. Although the details of the plan haven’t been revealed yet, the Euro seems to be selling off on the news since the concept of EU relief was priced into the currency earlier this wee...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Creeps Higher as Markets Cool The EUR/USD is attempting to stabilize and we notice a similar pattern in the GBP/USD. Australia’s RBA decision did yield volatility, though only in the AUD/USD while the EUR/USD emerged unscathed. Chatter concerning Greece has subsided as the EU decides how to deal with the situation. In this case no news is good news, and the EUR/USD is benefitting from the silence thus far. German Retail Sales printed about in line with analyst ...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Heads Lower in Continued Consolidation The EUR/USD is continuing its consolidative pattern despite sizable gains in gold. We recognize similar behavior in the GBP/USD and the EUR/GBP is moving sideways. Investors are digesting a wealth of news and data. Yesterday’s U.S. ADP number and Services PMI both printed slightly below expectations while EU Industrial New Orders also disappointed. Additionally, today the EU released a negative set of Retail Sales data. He...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Pops Back to 1.45 The EUR/USD has popped back to its psychological 1.45, backed by strong volume during the Asia trading session. Investors sold off the Greenback across the board after China’s solid Trade Balance report. Investors were encouraged by the huge increase in imports to China, a sign consumption in the country is heating up. This is a positive development for struggling developed economies. Furthermore, the Trade Balance signaled a sizable increase ...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Glides Lower as Investors Snap up Dollar The EUR/USD is heading lower today as investors snap up the Dollar across the board in reaction to stronger than expected U.S. economic data. U.S. Advance GDP printed 1.2% above analyst expectations, spurring a Dollar buying spree due to the comparative outperformance of America’s economy. In addition to the positive GDP number the U.S. also released better than expected Chicago PMI and Revised UoM Consumer Sentiment Dat...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Trades Lower on Light Volume The EUR/USD is trading lower today on light holiday volume as the Dollar strengthens across the board. Due to the relative lack of economic data and activity during a holiday-shortened week, it seems the Dollar is reverting to the positive momentum it has displayed throughout most of the month of December. However, the EU did release its M3 Money Supply number, which turned negative for the first time since the inception of the global...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Settles Following Last Week’s Tumultuous Activity The EUR/USD is settling and cooling as investors take a step back to revise their outlooks in the wake of last week’s aggressive selloff in the risk trade. Trichet attempted to alleviate investor uncertainty by reassuring markets that the ECB and EU will make sure Greece takes care of its deteriorating fiscal situation. Meanwhile, the data wire is relatively quiet until China releases its New Loans and Trade B...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Fluctuates Around 1.40 The EUR/USD has been fluctuating around its psychological 1.40 level as invertors digest the Fed’s monetary policy statement, Obama’s State of the Union Address, and today’s mixed bag of U.S. economic data. While Bernanke and the Fed played it safe and kept its policy in neutral, volatility really picked up during Obama’s State of the Union Address. The EUR/USD initially headed south to intra-session lows, but the risk trade rallied...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Breaks Past Previous January Highs The EUR/USD is setting new 2010 highs while creating some space between present price and the psychological 1.45 level as we witness weakness in the Dollar across the board. This week’s improvement in Chinese Trade Balance data is likely the driving force behind a return to the risk trade, that and oversold conditions following the Dollar’s December rally. Furthermore, the U.S. Trade Balance data revealed an encouraging impr...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Jackknifes as Risk Comes and Goes The EUR/USD staged a solid rally over the past 24 hours as investors returned to the risk trade with the lack of negative psychological forces. The EU later fed the rally by announcing it is backing Greece’s plan to get its fiscal house in order. However, it remains to be seen whether this is a sign of concrete support or a political move to give the Euro some psychological support. The risk trade has made a direct u-turn durin...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Tumbles as ECB Keeps Policy Unchanged The EUR/USD is extending yesterday’s pullback after the ECB kept its monetary policy unchanged as analysts estimated. German Factory Orders printed -2.5% below analyst expectations, adding downward pressure on the EUR/USD. Investors are also digesting a skyrocketing unemployment rate in New Zealand along with a slight pop in U.S. Unemployment Claims. Hence, negative economic indicators continue to flash around the globe and...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Consolidates Amid Light Activity The EUR/USD is consolidating above Friday lows as markets take a breather after last week’s large pullback in the Euro. We notice the EUR/GBP and gold are hunkering within their trading ranges as well, implying investors are waiting for further fundamental data before making a more definitive directional decision. The EU will release its ZEW Economic Sentiment data tomorrow along with UK CPI and an Inflation Letter from the BoE....Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Cools After Encouraging Rally The EUR/USD is cooling off after posting solid gains yesterday amid a broad-based risk rally. Although there wasn’t much game changing news or data to reignite the risk trade, a long weekend allowed investors to calm their anxieties concerning Greece, leading to a large pop on oversold conditions. Today Greece announced a budget surplus surpassing expectations, an encouraging development and a sign that the government may be able t...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Consolidates Around our 1st tier Uptrend Line The EUR/USD is moderating around our 1st tier uptrend line after taking another step down on Friday. Investors responded to encouraging U.S. consumer-related data buy buying up the Dollar across the board. This was the second Friday in a row that we witnessed a preference for the Dollar in reaction to positive U.S. econ data. Investors should take note of the development for the relationship could persist if U.S. data...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Dives Lower after Disappointing GDP Data and China The EUR/USD is tumbling lower again with a large down-bar on the 4-hour. The Euro came under selling pressure after Germany’s Prelim GDP printed flat, or 2 basis points below analyst expectations. Additionally, French Prelim Service Payrolls, Italian Prelim GDP, EU Flash GDP and EU Industrial Production all disappointed. The only silver lining in today’s data set was 0.6% GDP growth in France. However, growth...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Rises Towards Weekly Highs The EUR/USD is logging solid gains so far today as we witness broad-based profit taking the Dollar. Gold is back above $1100/oz and the EUR/GBP has popped towards .90, indicating relative strength in the Euro. The Euro’s strength comes despite yesterday’s weaker than expected French Consumer Spending data. Investors are instead focusing on weaker than expected U.S. New Home Sales, Revised UoM Consumer Sentiment, and Personal Spendin...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Tumbles Amid Risk Aversion The Euro logged large losses today as Merkel and Trichet continue to emit words of caution concerning the state of Greece’s troubled economy. Meanwhile, we noticed signs of tighter liquidity in China dragged the AUD/USD lower as investors speculated that a slowdown in China could decrease demand for Australia’s exports. Furthermore, U.S. economic data printed poorly today, adding onto the risk-aversion we witnessed earlier in the tr...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Consolidates Ahead of U.S. Data The EUR/USD is consolidating below intraday highs and the psychological 1.45 level as investors await U.S. Pending Home Sales and Factory Orders. Yesterday’s ISM Manufacturing PMI printed positively, yielding weakness in the Dollar despite recent strength in reaction to encouraging U.S. data. Meanwhile, Germany’s Unemployment Change came in -9k below analyst expectations, an encouraging sign in regards to EU employment and futu...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Hangs Around 1.45 The EUR/USD is moderating around 1.45 as the wires begin to heat up for the first time this with an ECB policy meeting and U.S. Retail Sales headlining on Thursday. The ECB is expected to keep its monetary policy intact despite a bit of discouraging data as of late. The ECB may tighten its language a bit with the lingering possibility of an announcement concerning the removal of an alternative liquidity measure due to the confident language emit...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Climbs with Broad Dollar Weakness The EUR/USD has popped off our 2nd tier uptrend line and is trying to set a bottom above December lows as the Dollar experiences broad-based weakness. Equity markets are looking up for the first trading session of 2010 and investors are favoring the risk trade after encouraging economic data from Britain. The improvement in Britain’s Manufacturing PMI and Net Lending to Individuals yielded a pop in both the Cable and the EUR/US...Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Rises On Light Volume The EUR/USD is climbing on tepid volume despite light EU econ data as we enter another holiday-shortened week. Regardless, the EUR/USD is recording solid gains today and we notice a sizable pop in the AUD/USD as well. However, the Cable is declining, resulting in a strong upward movement in the EUR/GBP. It’s unclear exactly what is giving the Euro its relative strength over the Pound, yet topside participation in the AUD/USD indicates inve...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Consolidates Around 1.50The EUR/USD is continuing its consolidation around the highly psychological 1.50 mark after Germany’s Consumer Climate number came in weak as anticipated. Despite the miss, the EUR/USD is showing little reaction since today’s data reading could be just a bump in the road to improvement and doesn’t confirm a material slowdown. Psychologically, the Euro is getting a bit of support today after a Chinese official released a statement im...Comprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Retreats with U.S. equities and Broad Dollar Strength Investors are favoring the Dollar today after Q3 earnings continued to roll in positively, most notably MSFT and AMZN. Furthermore, U.S. Existing Home Sales blew past estimates while Britain’s Prelim GDP printed a shocking -0.4%. Therefore, investors are suddenly favoring the U.S. economy, and are heading towards the Dollar in speculation that the Fed may be able to tighten sooner than anticipated. However,...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Consolidates as Cable ImplodesBroad-based strength in the Dollar and U.S. equities is dragging and the EUR/USD is consolidating below September highs in reaction. We recognize technically significant pullbacks in crude and the Cable, indicating a more debilitating downturn may be approaching. Meanwhile, the S&P futures are sinking below our 2nd tier uptrend line, and are looking to test our important 1st tier uptrend line. The Euro continues to flex a rela...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Tops Out Below 10/27 HighsThe EUR/USD is under some selling pressure today after yesterday’s rally fueled by U.S. Prelim GDP data failed to overcome 10/27 highs, let alone our 1st tier downtrend line. Additionally, yesterday’s buy-side volume came in well below Tuesday’s pop in sell-side activity. As a result, a negative investor sentiment remains in regards to the performance of riskier investment vehicles. The AUD/USD, Cable, and gold are also heading ...Comprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Settles above Thursday Lows Following French IP The EUR/USD is settling above Thursday lows and our 3rd tier uptrend line after pulling back from Thursday highs. Much better than expected French Industrial Production data is helping buoy the Euro after investors decided to lock in profits earlier. The outperformance of French versus German econ data stems from the negatively mixed PMI numbers we received a couple weeks back. The underperformance of Germany’s...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Pops Past September HighsThe EUR/USD has broken through our 3rd tier downtrend line and consequently September highs. Though the currency pair is trading off of intraday highs, today’s move will likely prove to be an important step for the beginning of a new leg up. Our 3rd tier is the final foreseeable downtrend line for the near future. Therefore, barring a large immediate reversal, the EUR/USD may have finally broken loose of its top-end constraints. Tod...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Sells Off On Dubai NewsThe EUR/USD is tumbling towards 11/20 lows after breaking through October lows and surging towards 1.5140. Today’s whipsaw movement comes in reaction to a broad-based exit from the risk trade in reaction to news from Dubai. As most investors know by now, Dubai World is requesting a debt restructuring of what could be up to $80 billion of credit. Although actual losses incurred are presently unknown, some European and UK banks could hav...Comprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Continues its Climb Towards 1.50 The EUR/USD has continued to climb beyond our 3rd tier downtrend line as we anticipated. As we mentioned in yesterday’s analysis, we view the movement past our 3rd tier and September highs as a key development in regards to a new leg up for the currency pair. The EUR/USD is not hovering around 8/21/08 highs and appears poised to take a crack at the highly psychological 1.50 level. There’s not much historical resistance above...Comprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Drops as U.S. Equities Pop The EUR/USD experienced a sizable leg down below the psychological 1.50 level after U.S. employment data made a big step in the right direction. What’s most interesting about the activity today is that we’ve witnessed the Dollar’s negative correlation with U.S. equities flip pre-market after key U.S. econ data printed positive. Therefore, investors should keep their eyes on the reversal in correlation to monitor whether the rever...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Clears Monday Highs on Back of Risk TradeThe EUR/USD is trading in the green again today as the risk trade regains some of its positive momentum. The combination of in line Chinese Manufacturing PMI data and the RBA raising its benchmark rate by another 25 basis points is giving investors confidence that economic performances remain on the path to recovery. Although the RBA signaled that its latest rate increase places the central bank’s monetary policy in co...Comprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Fluctuates Despite Negative U.S. Unemployment Data The EUR/USD is fluctuating around our 1st tier downtrend and 4th tier uptrend lines as investors digest the worse than expected U.S. unemployment data. The headline Unemployment Rate breached 10% (10.2%) and the services unemployment change data also came in weaker than anticipated. While we would normally expect a sharp pullback in the EUR/USD and broad-based preference for the Dollar in reaction to the news, t...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Jumps Higher after ECB Policy DecisionBoth the EUR/USD and GBP/USD registered an initial positive reaction to their respective monetary policy decisions. The ECB and BoE kept their interest rates at their present levels, yet the BoE only increased its QE packaged by 25 billion Pounds vs 50 expected. Meanwhile, the ECB isn’t budging on their language that their will practice a gradual removal of alternative liquidity measures from the monetary system. Therefo...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Pulls Back Following Weak EU GDP DataThe EUR/USD is pulling back today after bouncing off of our previous 1st tier uptrend line. The EUR/USD failed to break through our previous 2nd and 3rd tier downtrend lines on Thursday, and instead opted register a brisk decline despite a lack of econ data economic data besides EU Industrial Production (0.3% vs. 0.6% expected). However, today’s wave of econ data shows that yesterday’s pullback was warranted. German and...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD’s Rally Tops Out Just Below 1.50The EUR/USD staged an encouraging rally on Friday, bouncing off our 2nd tier uptrend line as both gold and the S&P futures headed higher despite weaker than expected EU GDP data along with a disappointing UoM Consumer Sentiment number. However, the bounce has stalled at what is now our 2nd tier downtrend line and the EUR/USD is confronting the highly psychological 1.50 area once again. Hesitation in the EUR/USD comes in rea...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Battles with 1.50The EUR/USD is back wrestling with the highly psychological 1.50 level after breaking through the barrier yesterday. We view yesterday’s movement as an important technical development since we previously explained how 1.50 represents our final topside barrier before 1.55. Hence, we could be on the brink of another near-term breakout in the currency pair should tomorrow’s EU PMI data print well. On a cautionary note, headwinds are gaining s...Comprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Drops Beneath 10/19 Lows The EUR/USD skidded below its highly psychological 1.50 level yesterday in reaction to the selloff in U.S. equities. We didn’t receive much pertinent econ data or news from the EU on Monday, telling us weakness in the Euro was fueled by overbought conditions and the pullback in the S&P futures. The EU released its M3 Money Supply data today, and the figure came in 3 basis points below expectations at 1.8%. The rapid downturn in M...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Forms Double Top Below 1.50The EUR/USD’s upswing continued yesterday, yet hit a will just beneath the highly psychological 1.50 level as anticipated. The EUR/USD failed to fully participate in the equity rally and has formed a double top with a pop in volume on a 4 hour down-bar. We notice similar weakness in gold while the EUR/GBP has been hit with huge losses over the past 24 hours. The best explanation for the Euro’s present weakness is overbought condi...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Gravitates around October Highs and 1.50The EUR/USD is trading a bit off of intraday highs after nearly hitting October highs, and the currency pair is presently trying to hold strong above its psychological 1.50 level. Meanwhile, our important 3rd tier downtrend line continues to play a key technical role since it runs through these important October highs. Therefore, although the EUR/USD may be on the cusp of a near-term breakout, the two key downside technic...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Rallies Strongly on Positive Flash PMI DataThe EUR/USD has taken advantage of its relative strength on Friday stemming from ECB President Trichet’s hawkish comments. The currency pair has since jumped back up to its highly psychological 1.50 level after of a wave of Flash PMI data that was altogether positive. Therefore, it seems the recovery in the EU’s services and manufacturing industries is continuing at a steady pace. In addition to good news from the...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Fluctuates Around 1.50The EUR/USD has recovered well from Friday lows, propelling from our 2nd tier downtrend line before fading beneath Wednesday highs. The EUR/USD is now hovering back around its highly psychological 1.50 level as investors continue to dissect news concerning Dubai. Regardless, the currency pair is back in its safe zone following Friday’s scare and the EU econ data wire is relatively quiet until Thursday’s ECB meeting. Although Trichet a...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Hovers Around Our 1st Tier Uptrend LineThe EUR/USD’s trading right around where we left it on Friday. The currency pair found strength once again just around our 2nd uptrend line, setting a slightly higher low than Thursday. However, downward forces remain since last week’s global econ data ended on a sour note. German Retail Sales printed 12 basis points lower than analyst expectations, negating Thursday’s positive Employment Change number. Furthermore...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Consolidates above 10/13 LowsThe EUR/USD has undergone encouraging consolidation along what is now our 3rd tier uptrend line. Present consolidation comes with a sigh of relief considering the extent of the selloff in the EUR/USD thus far this week. Investors are encouraged by the better than expected Core DGO data even though the headline figure printed shallow by two basis points. Since the EU’s economy relies heavily upon manufacturing, the solid Core DGO ...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Consolidates after Taking another Swing at 1.50The EUR/USD has failed to top 1.50 once again and the level is having as much psychological influence as we anticipated. 1.50 separates the EUR/USD from consolidation and exciting near-term gains. The currency pair has toppled the rest of our foreseeable near-term obstacles, leaving 1.50 as the final test for the bulls. Meanwhile, the Cable has approached 1.65 and is a close downtrend line away from making another...Comprehensive FX and Futures Daily Research
Comprehensive FX and Futures Daily ResearchComprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Experiences Solid Recovery from Tuesday Lows The EUR/USD logged sizable losses yesterday as we witnessed a broad-based preference for the Greenback despite a breakout in gold and U.S. equities ending slightly positive. Therefore, it seems downward momentum was more in control than correlations and fundamentals. Speaking of gold, yesterday’s breakout was impressive, and the precious metal is looking to test its psychological $1100/oz level. Though much of gold...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Tests 1.50 Amid Broad-Based Dollar Weakness The Dollar’s odd, negative reaction to Friday’s surge in the U.S. Unemployment Rate has carried through strongly into Monday’s session. We’re seeing broad-based Dollar weakness as well as a gold breaking through its psychological $1100/oz level. Additionally, the S&P futures are trading up by nearly 1% pre-market, likely a reaction to the weakening Greenback. Friday’s discouraging U.S. unemployment data...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Dips after Hitting Headwinds at 1.50 The EUR/USD is pulling back from 1.50 and our important 2nd and 3rd tier downtrend lines as we witness a consolidation of the risk trade across the marketplace. Investors are hesitating at significant levels in both the EUR/USD and the S&P futures as they approach their highly psychological 1.50 and 1100 levels, respectively. Furthermore, we are witnessing a retracement in gold towards its own psychological $1100/oz leve...Comprehensive FX and Futures Daily Research
Daily Market CommentaryEUR/USD Consolidates Ahead of ADP Data and ECB Meeting The EUR/USD is consolidating following yesterday’s solid gains in reaction to encouraging Chinese Manufacturing PMI data in conjunction with a 25 basis point increase from the RBA. Meanwhile, gold has broken past its psychological $1200/oz level and the S&P futures are holding strong above their own highly psychological 1100 level. Therefore, the EUR/USD’s positive correlations are creating an environment co...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Trades Lower as Investors Await More DataThe EUR/USD managed to bottom out at our 3rd tier uptrend line yesterday despite a pop in sell-side activity in reaction to more negative U.S. economic data. The EUR/USD continues to trade primarily off of its last important data releases, Friday’s disappointing GDP data points. However, the EUR/USD is strengthening again today in the face of a surprisingly negative EU Current Account release, indicating an increase in...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Pulls Back with U.S. EquitiesThe EUR/USD briefly traded beneath 11/17 lows before stabilizing as we witness a broad based strengthening of the Dollar in reaction to a dip in the S&P futures below their psychological 1100 level. The wave of disconcerting data points from the past couple weeks appears to finally be taking its toll on investor confidence. U.S. and British housing and consumption data has been disappointing lately, indicating a slowdown in the ...Comprehensive FX and Futures Daily Research
Daily Market Commentary EUR/USD Fluctuates Following Negatively Mixed U.S. DataThe EUR/USD was rejected by its psychological 1.50 level once again, and the currency pair is fluctuating between our 2nd tier uptrend and downtrend lines as activity wanes in advance of the Thanksgiving holiday. Today’s EU data releases were all positive with Germany’s Ifo Business Climate and EU Industrial New Orders topping analyst expectations. The EUR/USD strengthened following the EU releases, but this mo...Confidence Among US Consumers Falls
Daily Review 28/10/2009USD Dollar (USD) – The Dollar strengthen during yesterday trading session as Confidence among U.S. consumers unexpectedly fell in October for a second month. The Conference Board’s confidence index dropped to 47.7 from a revised 53.4 in September. NASDAQ decreased by 1.2% and Dow Jones slightly rose by 0.14%. Crude oil rose by 1% closing at 79.55$ a barrel after a volatile trading session as investors wait for the oil inventories today. Gold (XAU) weakened by 0.7% clos...Considerable Loss of Euro Bullish Momentum
EUR The pre-planned break-out variant for sales was implemented and the achievement of minimal estimated target is supported by relative sales activity rise marked by OsMA trend indicator at the break of key supports. At the moment, considering current bearish activity cycle according to OsMA trend indicator version we can assume probability of the achievement of Ichimoku cloud borders at 1,4800/20 levels, where it is recommended to evaluate the development of the activity of both parties...Consolidation Continues...Bullish Overall Action....
Once again, with the market so close to breaking out, the bears could not take this market down appreciably. Oh, not for lack of effort. That's for sure as the bears tried all day to take things down, but could never gain any steam or momentum. Every bout of selling was met with some type of buying, if not just enough to keep things over 1100 on the S&P 500. Not enough to blast up and out but enough to keep the status quo. That's all the bulls are really looking for anyway. They don't need ...Consolidation Extends...Bears Still Showing Little...
There are many things we can talk about when referring to the case that can be made by the bears. We have many leading stocks breaking down below their 50-day exponential moving averages. Goldman Sachs (GS) lost that level nine full points ago but is now starting to show some positive divergence on the Daily. JP Morgan (JPM), another financial stock and unquestionable leader, retested that 50-day exponential moving average and fell right back down with full red candle sticks, leaving little do...Consolidation in Euro before Bullish Rally Resumption
EUR The pre-planned long positions from key supports have been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement, as earlier we can assume probability of rate return to close 1,4920/40 support levels, where it is recommended to evaluate the development of the activity of both parties in accordan...Consumer Confidence Helps Dollar Erase Losses
The U.S. Dollar erased earlier losses following the report of a rise in Consumer Confidence. Although the reported figure of 52.9 was slightly less than estimates, it still reflected continuing strength in the economy. This morning the S&P/Case Shiller report on home prices was flat. There was almost no reaction to this report by Forex traders. The Dollar was down overnight as traders took advantage of the thin, holiday trading by taking profits after the almost month-long rally. Demand f...Consumer Spending
Extensive guide on consumer spending indicators that can help you use fundamental analysis of the online forex trading market.Contracting Euro Movement Range before the Rally
EUR The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked activity fall of both parties as it was before does not clarify the choice of planning priorities for today. Therefore, evaluating the situation from positions of further rate range movement we can assume probability of rate return to Senoku Span B line of Ichimoku indicator at1,4840/60 levels where it is recommended to evaluat...Copper − The daily stochastic is showing flat
{image "1_20091119160433.jpg"} Precious metals sharply gained throughout yesterday's trading session, where we witnessed gold recording a new high above $1153.00 per ounce before slightly dropping, but still closing with gains by 0.25% at 1143.40 in New York yesterday. Dollar has continued to hold near 75 levels after drop to15-month low earlier in the week.Choppiness in equity markets may keep a check on the downside. MCX Gold may trade in a range of Rs.16850 to Rs.17200. On intra day basis s...Copper remains in an uptrend despite a reversal
A rising trend on the copper market is just about to celebrate its first birthday. The price of this industrial metal is moving up since late December 2008. The copper bottomed out at 2775 USD per ton nearly three months before stock markets hit their lows. At that level, the price didn’t cover the production costs at most sites which signaled overselling in reaction to the Lehman crisis. For that matter, copper was among the first markets to signal a global bottoming out. While it doesn’t ...Correction Period or Reversal?
EURThe estimated test of key resistance range levels has been confirmed, however, relative rise of bullish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned short positions. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy based on supposition of probable rate range movement and short-term bullish activity incompleteness, we can...Correction in Euro
EUR The pre-planned break-out variant for sales has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked sign of rate oversold strengthening with relative strengthening of buying activity, as earlier, suggests probable rate correction period, but with preservation of sales priority in planning trading operations for today. Hence, we can assume probability of rate return to 1,4170/90 levels, where it is recommended to ...Correction in Euro Is Resumed
EURThe estimated test of key resistance range levels has been confirmed with condition for implementation of the pre-planned short positions. OsMA trend indicator, having marked sign of bearish reversal signal formation, favors holding of open sales with the targets of 1,3420/40, 1,3360/80, 1,3300/40. The alternative for buyers will be above 1,3800 with the targets of 1,3840/60, 1,3900/20, 1,3960/80.Correction in Euro before Fall Resumes
EUR The estimated test of key resistance range levels has been confirmed with condition for implementation of the pre-planned short positions. OsMA trend indicator, having marked formation of bearish reversal sign supports holding of opened sales, however, does not rule out some time delay for anticipated rate decline with the targets of 1,4320/40 and (or) further break-out variant up to 1,4260/80, 1,4200/20. The alternative for buyers will be above 1,4460 with the targets of 1,4500/20, 1,4560/...Correction of Bearish Trend in Euro
EUR The estimated test of key resistance range levels has been confirmed with condition for implementation of the pre-planned short positions. OsMA trend indicator, having marked close parity of both party activity combined with descending direction of indicator chart in the bigger picture, favors holding of open sales with the targets of 1,3840/60 and (or) further break-out variant up to 1,3780/1,3800, 1,3720/40, 1,3660/80. The alternative for buyers will be above 1,4010 with the targets of 1,...Correction of Bearish Trend in Euro
EURThe pre-planned break-out variant for sales has been implemented, but with loss of several points in attainment of minimal anticipated target. OsMA trend indicator, having marked rate oversold with further relative rise of bullish counteraction, suggests further rate correction period, however, with preserved bearish preference in planning trading operations for today. Hence, we can assume probability of rate return to 1,3660/80 levels, where it is recommended to evaluate the development of ...Correction or Bear?
This is now the question we need to ponder and decide which way this market is headed. There are cases to be made for both and I will discuss that later on. Yesterday I spoke about how we had our first down trend confirmed when we broke down out of a bear flag for the first time in one year. Three nasty days down that went lateral for four to five days and then broke yesterday, especially on the PowerShares QQQ's (QQQQ) or the ETF proxy for the Nasdaq 100. Today was a continuation of that down...Corrective movement on the gold market
After the surprisingly good macro data from the U.S. labor market the american currency appreciated, which in turn caused gold prices to fall. Currently, one ounce costs $1146. This fierce reaction on the currency markets comes from the speculation that improving economy conditions, especially on the important labor market, can lead to changes in FED’s monetary policy, which can slowly begin to rise interest rates. Expectations for higher interest rates in the U.S will encourage the dollar to...Crude Oil Continues to Rise
Daily Review 11/01/2010 USD Dollar (USD) – The Dollar posted its biggest weekly loss since November versus the major currencies as an unexpected drop in jobs boosted speculation that the Federal Reserve may extend stimulus measures. The Nonfarm Payrolls came out -85K versus -3K expected. The Unemployment rate came out better than expected with 10%. Wall Street reacted with modest gains after the jobs data. Dow Jones rose by 0.11% and NASDAQ appreciated by 0.74%. Crude oil rose and closed at 8...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) With 4 hours MACD crossed below signal line, an intraday top should be in place at 80.05 after touching upper channel resistance. Some pull back could be seen, possibly to 4 hours 55 EMA (now at 76.17). Nevertheless, downside should be contained by 38.2% retracement of 65.06 to 80.05 at 74.32 and bring rally resumption. Above 80.05 will target 100% projection of 58.32 to 75 from 65.05 at 81.72 next.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's rally extends to as high as 75.96 so far and intraday bias remains on the upside for the moment. Current rise is still expected to continue to 38.2% of 147.27 to 33.2 at 76.77 and break will target 80 psychological level next. On the downside, below 74.64 will turn intraday outlook neutral and bring retreat but downside should be contained by 70.74 support and bring rally resumption.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Intraday bias in crude oil remains neutral for the moment as sideway trading continues. Nevertheless, as long as 77.61 minor support holds, consolidation should be relatively brief and a break of 82, will bring rally resumption towards 50% retracement of 147.27 to 33.2 at 90.24. However, note that a break of 77.61 will indicate that a short term top is at least formed with bearish divergence conditions in 4 hours MACD and RSI. In such case, deeper decline should then be see...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's rise from 68.59 extended further to as high as 78.68 so far. The strong break of 61.8% retracement of 82.0 to 68.58 at 76.87 suggests that choppy fall from 82.0 has completed. Intraday bias remains on the upside and further rise could be seen to to retest 82.0. On the downside, below 76.29 minor support will turn intraday bias neutral first. But another rise is now in favor as long as 71.21 support holds.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's rally extends further today and the break of 73.16 resistance indicates that fall from 75.0 has completed at 65.05 already. The corrective three wave structure in turn argue that crude oil's medium term rally is not completed at. Intraday bias is on the upside for retesting 75.0 first. Break will target 38.2% of 147.27 to 33.2 at 76.77 next. on the downside, below 72.18 minor support will turn intraday outlook neutral and bring consolidation first.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil dives to as low as 70.13 so far and at this point, intraday bias remains on the downside. The break of 72.39 support confirms that decline from 82.0 has resumed and should now be targeting 65.05 support next. On the upside, above 73.87 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 79.04 resistance and bring fall resumption.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's break of 80.46 minor resistance argues that consolidation from 82.00 might have completed at 76.55 already. Intraday bias will now stay on the upside for a retest of 82.00 first. Break will bring medium term rise resumption towards 50% retracement of 147.27 to 33.2 at 90.24. On the downside, though, below 76.55 will revive the case that rise from 65.05 has completed and will flip intraday bias back to the downside for deeper fall to 61.8% retracement of 65.05 to...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Upside momentum in crude oil remains unconvincing with 4 hours MACD staying below signal line. Bias remains neutral for the moment and some more sideway consolidation could be seen. But still, downside should be contained by 76.19 support and bring another towards 82.0 resistance. However, a break of 76.19 will argue that rebound from 68.59 has completed and deeper fall should then be seen to 71.21 support first.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) As noted before, a short term top is in place in crude oil at 83.95. Pull back from there is still in progress and extends further to as low as 79.63 so far. At this point, intraday bias remains on the downside for 38.2% retracement of 68.59 to 83.95 at 78.08 and below. But downside should be contained by 61.8% retracement at 74.46 and bring rally resumption. Above 81.98 will flip intraday bias back to the upside. Further break of 83.95 will target upper trend line resistan...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's break of 81.72 minor support suggests that a short term top is in place at 83.95. Intraday bias is flipped to the downside and some corrections could now be seen, probably to 38.2% retracement of 68.59 to 83.95 at 78.08. But downside should be contained by 61.8% retracement at 74.46 and bring rally resumption. Above 83.95 will target upper trend line resistance at 87/88 level again.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil surges to as high as 83.52 and the firm break of 82.0 resistance confirms that whole medium term rise from 33.2 has resumed. Intraday bias will now remain on the upside as long as 80.79 minor support holds. Current rise should now be upper trend line resistance at 87/88 level. On the downside, below 80.79 will indicate that an intraday top is formed and bring retreat, probably to 4 hours 55 EMA (now at 79.72, before rally resumption.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's rally resumed after brief consolidation and reached as high as 82.00 so far, meeting mentioned target of 100% projection of 58.32 to 75 from 65.05 at 81.72. At this point, intraday bias remains on the upside as long as 77.61 minor support holds. Sustained trading above 81.72 will pave the way to next medium term fibonacci level at 50% retracement of 147.27 to 33.2 at 90.24, which is close to 90 psychological level. On the downside, though, below 77.61 will indic...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil dipped further to 76.76 but recovered strongly since then. Downside momentum remains unconvincing with 4 hours MACD staying above signal line and intraday bias is still neutral. Nevertheless, note that another fall is expected as long as 79.62 minor resistance holds and below 76.76 will target 83.95 towards 61.8% retracement of 68.59 to 83.95 at 74.46. But downside should be contained there and bring rally resumption. On the upside, above 79.26 minor resistance wi...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's recovery from 72.60 extended further today and the development argues that rebound from 69.50 is not completed yet. Intraday bias is cautiously on the upside for the moment. Break of 75.69 resistance will bring stronger rise towards 78.04 resistance next. As noted before, break there will argue that whole fall from 83.95 has finished and will bring even stronger rally. On the downside, though, below 72.60 will flip intraday bias back to the downside for 69.50 su...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's rebound from 72.43 should have completed at 78.04 already and fall from 83.95 is resuming. Break of 72.43 low will target 68.59 support next. On the upside, above 74.50 will turn intraday bias neutral and bring recovery. But upside should be limited below 78.04 resistance and bring fall resumption.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) While downside moment is diminsihing a bit, intraday bias is still on the downside. Crude oil's fall from 83.95 is expected to continue and sustained d break of 61.8% retracement of 68.59 to 83.95 at 74.46 will target a rest on 68.59 support. . On the upside, above 76.68 resistance will turn intraday bias neutral and bring consolidations. But break of 79.16 resistance is needed to indicate that fall from 83.95 has completed. Otherwise, short term risk will remain on the dow...Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil's rebound from 72.43 extends further to as high as 78.04 so far today an breaks mentioned first target of 38.2% retracement of 83.95 to 72.43 at 76.83. At this point, intraday bias remains on the upside as long as 75.44 minor support holds and further rally could be seen towards 61.8% retracement at 79.55 next. On the downside, though below 75.44 will suggest that rebound from 72.43 has completed and will flip intraday bias back to the downside.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) With 4 hours MACD crossed above signal line, intraday bias in crude oil is turned neutral for the moment. Some more consolidations cannot be ruled out but upside should be limited by 73.94 resistance and bring fall resumption. Below 69.50 will target 100% projection of 83.95 to 72.43 from 78.04 at 66.52 next. However, break of 73.94 will argue that stronger rebound is underway and will put focus back to 78.04 resistance instead.Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Break of 75.04 resistance argues that a short term bottom is formed at 72.43 on bullish convergence condition in 4 hours MACD. Intraday bias is flipped back to the upside and stronger rebound should be seen towards 38.2% retracement of 83.95 to 72.43 at 76.83 first. On the downside, though, a break below 72.43 will indicate that fall from 83.95 has resumed for 68.59 key support.Crude Oil Makes Gains
Daily Review 9/2/2010USD Dollar (USD) – The Dollar has been trading sideways versus most majors due to lack of major economic data. NASDAQ weakened by -0.7% and Dow Jones closed beneath 10,000 for the first time in 3 months with -1.04%. Crude Oil gained by 0.69% closing at 71.68$ a barrel. Gold (XAU) weakened slightly closing at 1,062.5$ an ounce. Today, Wholesale Inventories are expected with 0.5% versus 1.5% prior. EURO (EUR) –The Euro remained unchanged versus the Dollar and gained vers...Crude Oil Takes a Dive
Daily Review 10/12/2009 USD Dollar (USD) – The Dollar was mixed versus the majors after Inventories at U.S. wholesalers rose in October for the first time in more than a year, signaling companies are picking up the pace of orders as the economy shows signs of improvement. NASDAQ and Dow Jones strengthened by 0.5% respectively, Crude Oil fell by 2.7% after the report showed that Crude inventories fell by 3.8 million barrels and Crude price closed at 70.64$ a barrel, Gold(XAU) fell by 2% closing...Crude Oil Tumbles
Daily Review 25/11/2009USD Dollar (USD) – The Dollar lost an important part of previous gains after the minutes of the FOMC showed that the FED sees a slow recovery and expects the unemployment rate to remain at high levels. Earlier, The GDP came out 2.8% worse than expected 2.9%. The U.S. markets ended with minor losses. Dow Jones ended the session with a loss of -0.16%, NASDAQ fell by -0.31% and the S&P 500 decreased by -0.05%. Gold (XAU) did not reach new highs closing at 1168$ an ounce...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's correction from 82.00 continued last week. Despite intra-week strong recovery, crude oil was limited below 82.00 high and weakened to new weekly low on Friday, indicating that such consolidation is still in progress. Initial bias is on the downside this week and further fall should be seen to 38.2% retracement of 65.05 to 82 at 75.53 first. Break will target 61.8% retracement at 71.52. On the upside, break of 80.46 minor resistance is needed to indicate that fal...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) After some initial choppy sideway consolidation, Crude oil's fall resumed last week and dipped to as low as 75.57, just inch above 38.2% retracement of 65.05 to 82 at 75.53. Initial bias will remain on the downside this week and further fall should be seen to 61.8% retracement at 71.52. On the upside, while some recovery might be seen, short term outlook will remain bearish as long as 80.51 resistance holds.Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil dived further last week and closed below 70 level at 69.87. Break of the medium term trend line support serves as another indication of medium term reversal. Initial bias will remain on the downside this week for 65.05 support first. On the upside, above 71.50 minor resistance will turn intraday bias neutral and bring recovery. But upside should be limited well below 79.04 resistance and bring fall resumption.Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's rally extended further to as high as 82.0 last week and met mentioned target of 100% projection of 58.32 to 75 from 65.05 at 81.72. With 4 hours MACD staying below signal line, an intraday top should be in place and some sideway should be seen. Nevertheless, as long as 77.61 minor support holds, consolidation should be relatively brief and a break of 82, will bring rally resumption towards 50% retracement of 147.27 to 33.2 at 90.24. However, note that a break of...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's rebound from 72.39 was limited at 79.04 and well below mentioned 80.51 resistance. Crude oil then weakened again with a break of 75.18 minor support on Friday. The development firstly indicates that recovery from 72.39 has completed and thus flip the bias back to the downside for a retest on 72.39 initially this week. Secondly, there is no indication that choppy fall from 82.0 has finished and thus more downside will remain in favor in near term. Break of 72.39 ...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil rose sharply to as high as 78.75 last week and closed strongly. The break of 75.0 resistance confirms that medium term rally has resumed. Initial bias remains on the upside this week and further rise should be seen to 100% projection of 58.32 to 75 from 65.05 at 81.72 next. On the downside, below 76.80 minor support will turn intraday bias neutral and bring retreat, probably to 4 hours 55 EMA (now at 73.98). But downside should be contained by 71.39 resistance tur...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's rally from 68.59 extends further to as high as 81.16 so far and at this point, intraday bias remains on the upside for 82.0 resistance next. Recent development suggests that medium term rise from 33.2 is still in progress and bring of 82.0 high will bring rise resumption towards next key resistance level at 90. On the downside, below 79.12 minor support will turn intraday bias neutral and bring retreat, probably to 4 hours 55 EMA (now at 77.49). But break of 73....Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's rebound from 72.43 was limited at 78.04 last week and fall from 83.95 then resumed by diving to as low as 69.50 before closing at 71.19. Initial bias remains on the downside this week and deeper decline should now be seen to 100% projection of 83.95 to 72.43 from 78.04 at 66.52 next. On the upside, above 73.94 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 78.04 resistance and bring fall resumption.Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's rebound from 69.50 extended further to as high as 75.69 last week but last momentum since then. With 4 hours MACD crossed below signal line, intraday bias is turned neutral. Break of 72.60 minor support will indicate that such recovery has completed and will flip intraday bias back to the downside for 69.50 support first. Break will confirm resumption of the whole fall from 83.95 towards next key support at 68.59. On the upside, above 75.69 will turn focus to 78...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil finally broke 82.0 resistance to resume the medium term rally and stayed firm above this level. While some sideway trading might be seen in initially this week, outlook will remain bullish as long as 80.79 support holds. Recent rise from 68.59 is expected to resume sooner rather than later towards upper trend line resistance at 87/88 level. On the downside, break of 80.79 will argue that a short term top might be formed with bearish divergence condition in 4 hours...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's fall from 83.95 extended further to as low as 74.01 last week. The break of 61.8% retracement of 68.59 to 83.95 at 74.46 argues that whole rise from 68.59 is completed. Initial bias remains on the downside this week and further fall should be seen to retest 68.59 support next. On the upside, above 76.68 resistance will turn intraday bias neutral and bring consolidations. But break of 79.16 resistance is needed to indicate that fall from 83.95 has completed. Othe...Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil's decline from 83.95 was still in progress and reached as low as 72.43 last week. With 4 hours MACD crossed below signal line again, crude oil should be regathering down side momentum. Initial bias remains on the downside this week and further fall should be seen to retest 68.59 support next. On the upside, though, above 75.04 will indicate that a short term bottom is formed, possibly with bullish convergence condition in 4 hours MACD. Stronger rebound should then...Crude Oil: Violation Of The 74.97 Level To Trigger MT Uptrend
Crude Oil: Violation Of The 74.97 Level To Trigger MT Uptrend - With Crude Oil presently seen on the offensive following its recent declines to as low as 65.03 in late Sept’09, a retarget of its YTD high at 74.97 is now envisaged.Crude Remains Unchanged
Daily Review 04/01/2010USD Dollar (USD) – The Dollar was mixed versus the majors gaining versus the Euro and the Yen and weakening versus the Pound. Weekly unemployment claims came out better than expected with 432K, showing the U.S employment slump is ending. Light end of the year trading caused abnormal movements in the markets led by speculations. NASDAQ and Dow Jones declined by -0.97% and -1.14% respectively. Crude remained unchanged closing at 79.49$ a barrel and Gold (XAU) gained by 0.2...Currency Majors Technical Perspective
EUR/USD Current price: 1.4960{image "eur_20091119001404.gif"}Pair remains consolidating around the 1.4960 level since U.S. close, after failing to break above the 1.5000 area again; with hourly indicators slightly bearish, and with bigger time frames flat, pair needs to move under 200 EMA (violet) around 1.4920 to extend current downside momentum. To the upside, 1.5000/20 level seems to be key as the pair has halted just under that zone since past Thursday: clear movements above that level will ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4843{image "eur_20091120142335.gif"}Rebound on the expected 1.4800/10 support area, has sent the pair to retest the 1.4860 zone, as indicators reached over sold conditions in the hourly chart. However, if the pair doesn’t manage to regain that zone and on contrary print a fresh low, chances are for further downside movements as 4 hours charts remain as bigger time frames also support the bias. Now struggling around 200 EMA in 4 hours charts, we need a clear candle open...Currency Majors Technical Perspective
EUR/USD Current price: 1.4874{image "eur_20091117234555.gif"}Consolidating under 1.4880 area, pair has lost upside momentum, yet remains above key 1.4810 support area, that hold the downside; hourly indicators turned flat, suggesting not enough upside strength at this point, while price remains under 20 SMA that crossed 200 EMA also, also limiting further rises. 4 hours charts however, hold the bullish bias, as long as above mentioned key support zone. Pair needs either to regain 1.4920/40 area ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4887{image "eur_20091117142008.gif"}Pair lost momentum after failing again to regain the 1.5000 area, and turned bearish in the hourly. Momentum points for further falls, while RSI approaches to oversold levels, still pair has room to fall under today’s low zone, 1.4850 and first support zone to consider. Under 20 SMA (red) and 200 EMA (violet), as long as above 1.4800/10 current movement could be understood as just corrective; break under this last should bring some d...Currency Majors Technical Perspective
EUR/USD Current price: 1.4955{image "eur_20091116003204.gif"}Following past Friday’s U.S. positive stocks, Nikkei 225 opened to the upside 0.1%, with gold also supporting risk appetite gapping to the upside and quoting at 1123/oz. Euro remains well bid at this point and bullish in the hourly chart, with indicators pointing for further gains for the hegemonic currency. SMA Bigger time frames support the bias as daily indicators lost the negative slope and turned to the upside. Support levels: 1...Currency Majors Technical Perspective
{image "eur_20091123000530.gif"} Flat in the hourly chart, pair remains under 20 SMA while indicators in the chart look slightly bearish. Bigger time frames remain bearish after today’s opening to the downside yet no much action is expected during current session: while risk appetite downturn will keep the par from running higher, rising gold prices likely to limit downside movements. While 1.4930 is the key level to watch to the upside during the next sessions, 1.4750 daily ascendant trend l...Currency Majors Technical Perspective
EUR/USD Current price: 1.4975{image "eur_20091124143625.gif"}After U.S. GDP under expectations, yet at 2.8%, pair is almost unchanged. Hourly indicators show pair is losing previous upside strength, with price action closely attached to gold movements rather than stocks. Still trading in weekly range pair needs to strongly clear the 1.5000/20 level to trigger an upside acceleration, not seen at this point. Watch for a break under today’s low around 1.4880 support, to trigger some bearish movem...Currency Majors Technical Perspective
{image "eur_20091127000515.gif"} Losing ground quickly in firs Asian hours, risk aversion and thin volume exacerbates movements, with pair testing key support at 1.4930 before rebounding to current zone. Technically, hourly indicators seem a bit exhausted to the upside, yet bigger time frames support further falls, better after some upside short lived correction. Daily ascendant trend line at 1.4840 area, remains key midterm inflection point.Support levels: .4930 1.4880 1.4840Resistance l...Currency Majors Technical Perspective
{image "eur_20091113000057.gif"} Close to past Thursday lows, indicators show pair oversold in the hourly, suggesting some downside correction before a new leg down. However, upside corrective movements likely to remain capped by the 1.4880 area, as 4 hours charts indicators show pair strongly bearish and still with room to fall. Confirmations under strong 1.4810 support area, will confirm further selling in the pair, that would probably take leads from commodities and stocks after Japan openin...Currency Majors Technical Perspective
Currency Majors Technical PerspectiveCurrency Majors Technical Perspective
EUR/USD Current price: 1.5060{image "eur_20091125143354.gif"}Pair is showing signs of exhaustion in the hourly chart, and ready to trigger some downside correction, if manages to confirm under 1.5060, previous yearly high. Still bias remains strongly bearish and price behavior attached to gold. As long as the metal remains strong, chances of a dollar recovery are very few. Above current high, next resistance comes at the 1.5150 area that should make the pear retreat briefly. Support levels: 1.50...Currency Majors Technical Perspective
{image "eur_20091130000351.gif"} Pair opened strongly bullish gapping above the 1.5000 level, only to quickly come back to past American session close zone. Quoting at 1.4975, indicators in the hourly chart remain bullish, while price remains above 200 EMA and 20 SMA that is turning up after losing its bearish slope. 4 hours charts also turned bullish, with RSI cutting downside up the 50 level, while momentum turned to the upside. Pair needs to confirm above strong congestion zone around 1.5020...Currency Majors Technical Perspective
EUR/USD Current price: 1.4774{image "eur_20091102132042.gif"}Pair is trapped between 1.4700/1.4800, still not clear in the hourly chart, as candles keep printing higher highs, yet indicators had turned down suggesting not enough upside strength. 20 SMA under current price remains flat, while bigger time frames also failed to give clear definitions. U.S. data and consequent stocks reaction could define today’s trend. Support levels: 1.4740 1.4710 1.4680 Resistance levels: 1.4780 1.4...Currency Majors Technical Perspective
{image "eur_20091104010902.gif"} Back above 61.8% retracement around 1.4700, pair turned slightly bullish in the hourly chart, yet indicators seem to have lost upside momentum while 20 SMA remains strongly bearish despite under current price. Bigger time frames show same conditions with pair slightly bullish yet with no enough strength, suggesting we need to see a strong acceleration above 1.4740 area to confirm an upside continuation. Next resistances for next hours come at 1.4770 and 1.4810, ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4770{image "eur_20091103000344.gif"}Pair remains inside a wide range with no clear bias coming form 1 hour charts. Hovering around 20 SMA, indicators are flat as market waits for next trigger to hit markets. With Japan closed for holiday, yet RBA raking rates decision, risk likely remain to be the main driver of the pair. Above 1.4800 level, pair can retest yesterday’s high zone that will need to clearly overcome to extend the upside. Bigger time frames however, point ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4733{image "eur_20091101233143.gif"}After testing 1.4680 pre interbank opening, pair strongly rebounded to current resistance level; with indicators exhausted to the downside in the hourly, pair could attempt some upside correction, thus limited by bearish 20 SMA and general market sentiment of increasing risk aversion. Pair needs to regain the 1.4780 to lose the bearish perspective, while break under 1.4680 support zone will accelerate downside momentum. If local shares...Currency Majors Technical Perspective
EUR/USD Current price: 1.5005{image "eur_20091130234213.gif"}Quite flat after a choppy session, hourly indicators show pair contained to the upside by 20 SMA that is turning bearish, now around static resistance zone of 1.5020. Indicators are also flat while the same picture comes from 4 hours charts, so we need to see the pair accelerate a break either down or up to define next hours trend; key support level to watch is past Monday low around 1.4960/70, while above 1.5020/40 congestion zone, p...Currency Majors Technical Perspective
EUR/USD Current price: 1.4866{image "eur_20091104235606.gif"}After FED decision to keep rates unchanged and lows for an extended period yet optimistic about economic recovery, stocks run to the upside, taking the pair to the 1.4910 area, where hourly indicators reached extreme overbought conditions. Current downside corrective movement remains above key 1.4850 area; with local shares expected to follow Wall Street, and ahead of early Europe ECB and BOE monetary policy, pair likely to remain arou...Currency Majors Technical Perspective
EUR/USD Current price: 1.4875{image "eur_20091106123013.gif"}Still in range, waiting for U.S. Payrolls, pair remains slightly bullish as still above 20 SMA, yet losing upside momentum after this consolidation stage. Trapped under the 61.8% of the last daily fall, pair needs to break above 1.4930 to extend the upside, while clear break under 1.4810 could trigger selling rallies. Pair today likely to follow U.S. stocks.Support levels: 1.4850 1.4810 1.4750 Resistance levels: 1.4890 1.4925 1.4...Currency Majors Technical Perspective
EUR/USD Current price: 1.4983{image "eur_20091110234827.gif"}Still ranging, pair has not changed since last update. Sentiment keeps Euro well bid despite indicators in bigger time frames had lost upside momentum; hourly charts show price above flat 20 SMA, while also flat indicators, suggesting pair likely to continue following stocks and commodities. Pair needs to clearly break current range to define further strength: to the upside, level to watch is past week high of 1.5020, while to the down...Currency Majors Technical Perspective
EUR/USD Current price: 1.4725{image "eur_20091009140236.gif"}Pair turned bearish with U.S. opening, supported by price under 20 SMA with a very light bearish slope, and indicators; however, seems we are in a consolidative stage, and we have an ascendant trend line, very close to current zone, at 1.4696. Clear new candle opening under that level is needed to see the pair gain some downside momentum, thus not seen at the moment. Clear break above 1.4785 would deny the bias and send the pai...Currency Majors Technical Perspective
EUR/USD Current price: 1.5001{image "eur_20091109232644.gif"}Consolidating around daily high, Euro remains well bid on DJIA yearly high and gold prices above $ 1100/oz. Hourly charts show pair consolidating in a tight range between 1.4980/1.5020, with a strongly bullish 20 SMA, suggesting more upside to come if local shares replicates Wall Street gains. 4 hours charts show a continuation formation, a symmetrical triangle, thus indicators lost upside momentum and pair remains close to overbought ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4874{image "eur_20091108234804.gif"}Pair is holding inside past week range, still contained under the 1.4900 level, with a slightly bullish perspective in the hourly chart, as both momentum and CCI are close to cross the mid line, while current candle opened above 20 SMA. however, moving averages remain flat to confirm a bias, while pair has a gap from Friday’s close around 1.4840, first support for today. If this gives up, expect the pair to approach to next key suppo...Currency Majors Technical Perspective
EUR/USD Current price: 1.4922{image "eur_20091112132755.gif"}Pair keeps pushing lower, approaching and rebounding slightly from the 1.4910 support zone; with indicators still bearish and with 20 SMA about to cut 55 EMA in the hourly above current price, a confirmation under mentioned lows, should trigger more downside movements, as both 1 and 4 hours indicators remain clearly bearish supporting the bias. Support levels: 1.4910 1.4860 1.4820Resistance levels: 1.4950 1.4980 1.5020 GBP/USD Current...Currency Majors Technical Perspective
EUR/USD Current price: 1.4320{image "eur_20091220224457.gif"}Opening lower, dollar continues previous Friday advance against Euro, gapping to the downside in early interbank trading. Pair reached a 3 month low around 1.4260, key support to consider during next hours, as break and acceleration under that level will send the pair lower during next sessions. With volume getting thinner due to Christmas holidays, hourly charts show flat indicators with no clear bias next hours, while price holds und...Currency Majors Technical Perspective
EUR/USD Current price: 1.4306{image "eur_20091222142110.gif"}Regaining the 1.4300 level after worse than expected GDP q/q reading in the U.S., hourly charts show slightly bullish indicators with price above 20 SMA; maximums zone around 1.4340 should be overcome to trigger further upside momentum, thus seen limited for today, as stocks are back up while gold is back down after the spikes triggered by GDP. Bigger time frames remain bearish, yet over sold. Watch for market to remain thin during Ame...Currency Majors Technical Perspective
EUR/USD Current price: 1.4290{image "eur_20091223142826.gif"}Regaining the upside, Euro is slightly bullish after U.S. data, approaching to the 1.4300/10 area, still with hourly indicators far from showing strength; above 1.4300, pair could extend the rally to the 1.4340 area, as bigger time frames support the bias. Beware of tiny volume and strong spikes these days.Support levels: 1.4250 1.4220 1.4180 Resistance levels: 1.4300 1.4340 1.4410 GBP/USD Current price: 1.5949{image "gbp_200912...Currency Majors Technical Perspective
EUR/USD Current price: 1.4353{image "eur_20091221142606.gif"}Pair remains ranging close to this month low, unable to gain some upside momentum. Bigger time frames show pair still bearish thus over sold, suggesting some limited upside corrective movements ahead. Above 1.4375 area, correction could extend to 1.4460 the most during next sessions. Break under 1.4265, past week low, should signal on the contrary, further falls.Support levels: 1.4300 1.4265 1.4225 Resistance levels: 1.4375 1.441...Currency Majors Technical Perspective
{image "eur_20091030000908.gif"} Barely holding under the 38.2% of the last daily up leg, hourly indicators seem exhausted to the upside suggesting some downside correction to come, as long as pair don’t break above yesterday’s high zone of 1.4860. Bigger time frames however remain strongly bullish, and with NIKKEI 225 opening 1.3% up above 10000, expect the pair to extend current rally, as long as above 1.4770 support zone and local shares remain in positive territory.Currency Majors Technical Perspective
EUR/USD Current price: 1.4318{image "eur_20091218142241.gif"}Regaining the downside, pair is quickly approaching to the 1.4300 yesterday’s low support. Hourly charts show indicators supporting the bias ahead of U.S. opening, with strong bearish momentum and bigger time frames also supporting the bias: 4 hours charts 20 SMA remains well above current price and with a strong bearish slope.Support levels: 1.4300 1.4275 1.4225 Resistance levels: 1.4360 1.4420 1.4460 GBP/USD Current price: 1....Currency Majors Technical Perspective
EUR/USD Current price: 1.4369{image "eur_20091224144418.gif"}Pair reached 1.4410/20 area sending hourly indicators to overbought conditions, that quickly gave up after better than expected U.S. data. Turning bearish, 20 SMA has lost the bullish slope, and pair continues falling with Wall Street opening higher. Bigger time frames show pair has corrected around the 23.6% of the last daily downside rally, still not suggesting a downside continuation: we need a confirmation under 1.4350 to see the p...Currency Majors Technical Perspective
EUR/USD Current price: 1.4367{image "eur_20091227231914.gif"}Thin volume due to holidays extends in this Asian opening with New Zealand and Australia markets closed. Pair opened slightly to the upside, still capped under 1.4380 area, first support for next hours, ahead of the 1.4420 area, past Friday’s high, also 200 EMA in the hourly chart. With indicators slightly bullish, pair needs at least to confirm above this last to extend the upside during next hours. Under 1.4350 area, key support li...Currency Majors Technical Perspective
EUR/USD Current price: 1.4385{image "eur_20091231144730.gif"}Tending lower in the hourly chart, pair lost upside momentum after U.S. data and has a slightly bearish perspective for this American session. Failure to hold above 1.4400 suggests more downside ahead of 1.4365, yesterday’s high area; 4 hours chars also show some downside pressure ahead as indicators seem exhausted, thus low volume likely to keep pair ranging rest of the day. Support levels: 1.4365 1.4330 1.4305 Resistance levels: 1....Currency Majors Technical Perspective
EUR/USD Current price: 1.4310{image "eur_20091230144002.gif"}Approaching to daily low, pair shows strong bearish momentum before Wall Street opening and ahead of Chicago PMI. Hourly indicators point for further losses in the pair during next sessions, with 1.4280 area as immediate support to consider, with the pair likely addressing to the lows 1.42. Upside should remain capped by 1.4365 strong resistance area.Support levels: 1.4280 1.4250 1.4215Resistance levels: 1.4330 1.4365 1.4410 GBP...Currency Majors Technical Perspective
EUR/USD Current price: 1.4438{image "eur_20091229142741.gif"}Pair finally broke higher above the 1.4420 resistance, now support zone, and holds above it after worst than expected U.S. housing price report. Consolidating close to daily highs, hourly indicators are losing upside momentum yet pair likely remain on hold till U.S. Consumer Confidence data. 4 hours charts support some upside movements, so as long as above 1.4410/20 area, pair remains slightly bullish for today.Support levels: 1.4420 1...Currency Majors Technical Perspective
EUR/USD Current price: 1.4404{image "eur_20091228145253.gif"}U.S. stocks market opened strongly up, while gold is losing the $ 1110/oz level, suggesting some dollar gains ahead of current session. Hourly indicators seem a bit exhausted to the upside, while 200 EMA keeps capping the upside. Still volume remains extremely thin and pair could exacerbate any rally; 4 hours charts show pair lost also upside momentum, with flat indicators. First strong support lies at the 1.4350 area, and seems ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4364{image "eur_20091217143043.gif"}Oversold after reaching an intraday low around 1.4330, hourly indicators are saturated in the bottom, giving no signs of an upside corrective movement ahead, thus some upside correction is likely as 4 hours charts are also oversold, however, 20 SMA strongly bearish above current price, should keep the upside limited.Support levels: 1.4330 1.4270 1.4230 Resistance levels: 1.4390 1.4420 1.4460 GBP/USD Current price: 1.6134{image "g...Currency Majors Technical Perspective
EUR/USD Current price: 1.4550{image "eur_20091216142747.gif"}As expected, upside corrective movement developed during Asian session, with pair reaching the 1.4580 resistance level, yet mostly sideways, waiting for the FOMC statement. Hourly charts indicators had turned slightly bearish after U.S. data, with dollar regaining strength supported also by falling gold price. Attempting to cross flat 20 SMA to the downside, yesterday’s low around 1.4510/20 is the key support to watch for further fal...Currency Majors Technical Perspective
{image "eur_20091207142304.gif"}Pair remains under selling pressure following Asia and Europe tone. Unable to clearly regain the 1.4800 level after several attempts among the last hours, pair is contained in a tight range probably waiting for Wall Street opening. Hourly indicators had lost the extreme over sold conditions, while remain flat at the lows; still 20 SMA strong bearish slope support further falls, as well as 4 hours indicators, that support the bias. Break under today’s low,...Currency Majors Technical Perspective
EUR/USD Current price: 1.4867{image "eur_20091206234456.gif"}After past Friday’s rally pair is way oversold in the hourly chart, gapping to the upside at the opening around 20 pips; 4 hours charts indicators are also oversold suggesting some upside correction ahead before further definitions. Starting the day under daily ascendant trend line coming from March lows, pair has turned bearish in the midterm yet needs to break under key 1.4800 strong static level to confirm further falls. To ...Currency Majors Technical Perspective
{image "eur_20091203235526.gif"} Pair fell to an intraday low of 1.5040 after ECB disappointed market with timid announcements regarding exit strategies. Hourly charts show indicators pointing for an upside corrective movement, with 20 SMA above current price at 1.5080 acting as firs dynamic resistance for next hours. Bigger time frames had turned bearish, with 4 hours charts signaling further falls after due correction. Still pair likely to remain contained ahead of U.S. Non Farm Payroll data.Currency Majors Technical Perspective
EUR/USD Current price: 1.5089{image "eur_20091203141640.gif"}After rates and Trichet speech, Euro spiked to test the year high and quickly lost 60 pips, because, as expected ECB started announcing exit strategies, yet in general speech remained dovish, and mentioned strategies not as strong as maybe market was expecting. Also, falling gold is helping greenback across the board, yet movements are far from showing an intraday change: current candle opened above 20 SMA in the hourly that holds the ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4766{image "eur_20091208151327.gif"}Euro slide extended since Europe opening, having print afresh weekly low at 1.4726 so far today. Hourly indicators remain bearish yet a bit overextended to the downside, yet falling gold price and stocks likely to keep pair under pressure. 4 hours charts indicators also support further falls, thus pair has quite a strong congestion zone, around 1.4680/1.4700. Clear break under could accelerate current bearish trend.Support levels: 1.47...Currency Majors Technical Perspective
{image "eur_20091209000143.gif"} Having overcome yesterday’s low already, pair remains bearish thus oversold both in 1 and 4 hours charts, suggesting pair needs some upside corrective movement before gaining strong downside momentum. 20 SMA in the hourly chart with a strong bearish slope above current price, support the bias. The 1.4620 support zone, 61.8% retracement of the monthly fall 1.6038/1.2330 remains as a key midterm level to watch, as daily close under that zone, will signal f...Currency Majors Technical Perspective
EUR/USD Current price: 1.4551{image "eur_20091215143249.gif"}Break under 1.4620 support drove the pair lower, reaching extreme oversold conditions in the hourly chart, at 1.4520 area, from where the pair is slightly correcting to the upside. However, as long as under 1.4620, where corrective pullbacks should halt, pair bias remains strongly bearish ahead of FOMC, as 4 hours indicators point for it. Watch for a break and acceleration under 1.4510 to trigger further sell off in the pair.Support le...Currency Majors Technical Perspective
EUR/USD Current price: 1.4625Asian session started quietly, with dollar holding past week gains against major rivals across the board. EUR/USD quotes around past Friday’s close of 1.4620, with dollar consolidating gains. Asian stocks had a positive perspective from Wall Street gains, thus correlation between currencies and stocks, likely to continue detaching. Volumes become thinner ahead of Christmas, so pair likely to consolidate in range. Hourly charts show a small flag consolidation format...Currency Majors Technical Perspective
EUR/USD Current price: 1.4676{image "eur_20091211142951.gif"}Pair failed to regain the 1.4780 area and is back down despite the triangle we have been following here. Quoting at daily lows, and with bearish indicators in the hourly chart, pair is approaching to the weekly low of 1.4665, that if gives up, will trigger more selling pressure to the 1.4620 area. This last is quite a strong support, so a break and close of the week under it, likely confirm further falls for next weekSupport levels:&nb...Currency Majors Technical Perspective
EUR/USD Current price: 1.4753{image "eur_20091210142012.gif"}Recovering the upside after better than expected U.S. Trade balance, pair is breaking above a short term descendant trend line top of a triangle that must be discarded if current candle extends. Close to daily high of 1.4760, and with a slightly bullish tone, pair needs to break above static resistance area around 1.4780 to confirm further rises during next session, and only under 1.4680 pair could change intraday bias to strongly bear...Currency Majors Technical Perspective
EUR/USD Current price: 1.5072{image "eur_20091202141753.gif"}Still close to daily yearly highs, pair is turning slightly bearish in the hourly, pointing for some downside corrections ahead. Under 20 SMA and close to 1.5060 support zone, an acceleration trough that level likely to send the pair lower, to test next static support zone between 1.5000/20. 4 hours charts indicators, also look exhausted to the upside, supporting the corrective movement.Support levels: 1.5060 1.5020 1.4970Resista...Currency Majors Technical Perspective
EUR/USD Current price: 1.4763{image "eur_20091012132102.gif"}Not much changed since last update, holidays keep pair range bound between 1.4670/ 1.4770 area, having spike after U.S. futures barely move above previous yearly high. Hourly charts show pair ready for a downside corrective movement now, as both indicators seem to have turned lower. 20 SMA turned into dynamic support now, around 1.4710 area, while movements above current high could trigger some upside momentum in the pair.Support lev...Currency Majors Technical Perspective
EURUSD Current price: 1.4111 {image "EUR_USD+Spot_20100121065835.png"}The pair is little change overnight. Momentum is pulling back to the zero line and RSI is attempting to come out of the oversold area. 20 SMA is still holding the pair lower and currently stands at 1.4111. We do have a 38.2% retracement point (of the whole move up) at 1.4072 which we glanced overnight. We also have a previous low at 1.4051. I think any pullback would only be corrective before the next move lower and the previo...Currency Majors Technical Perspective
EURUSD Current price: 1.4129 {image "EUR_USD+Spot_20100122070031.png"}OK, well Obama has done the global market no favours with his proposed plans to curb proprietary trading. As we know, if you have been following the discussions on FXstreet.com, this is not just banks but private traders. The USD has lost some of its gains since the announcement but YEN has been the main beneficiary. EURUSD moved higher from its low at 1.4029 (where we were met with some small divergence). We have moved throug...Currency Majors Technical Perspective
EURUSD Current price: 1.4199 {image "EUR_USD+Spot_20100120070104.png"}Asian stocks lower again overnight and the USD has strengthened. The EURUSD had a strong down day yesterday where we saw it break the expanding wedge formation and the previous low. 4 and 1 HR timeframes are looking exhausted and we may be forming a hammer on last 4 hr candle (too soon to tell). In my opinion, with the weekly Doji bar and the follow through we have had this week, any upward move should be short lived before th...Currency Majors Technical Perspective
EURUSD Current price: 1.4399 {image "EUR_USD+Spot_20100119065415.png"}Asian stocks are lower overnight and the USD has weakened. We are in a corrective move higher and the 20 SMA is holding on as support at the moment. All indicators are flat giving no clues of market direction. We may be forming a wedge formation that favours a break to the downside but with yesterday being a US holiday this pattern should be taken with care. A break of 1.4379 should take us down to 1.4334 (previous low) and t...Currency Majors Technical Perspective
EURUSD Current price: 1.4433 {image "EUR_USD+Spot_20100118070634.png"}Asian stocks have fallen overnight and we are very light on figures today. EURUSD has pushed higher out of the descending channel but only to form a doji at 05.00am. Just trying to break through the 20 SMA at the moment (1.4371). Most indicators are still looking bearish but are showing possible signs of a reversal. Head and Shoulders breakouts will normally target the base (1.4265) but we have strong trend line support at 1.4...Currency Majors Technical Perspective
EUR/USD Current price: 1.4155{image "eur_20100124233708.gif"}Slightly bullish at the opening, pair has gapped to the upside, starting the Asian session above hourly 20 SMA. After past Friday’s fall in Wall Street with DJIA -2.13% and S&P down 2.20%, local markets had a quite negative cue from there. Technically, pair is moving inside a small ascendant channel, with flat indicators in current chart, yet supporting some bullish bias in bigger time frames. 1.4180, past Friday’s high is firs...Currency Majors Technical Perspective
EURUSD Current price: 1.4168 {image "EUR_USD+Spot_20100125065510.png"}Stocks in Asia are down for the sixth day as the market digest Obama’s plans. EURUSD still moves sideways up in what looks like a corrective channel. Indicators are still looking slightly bullish at the moment but this move may be losing it momentum. An ABC correction has taken us to 1.4182 (84 the high) so we should watch that level for a possible break. If we push through 14184 then 1.4219 breakout trend line is the next r...Currency Majors Technical Perspective
EURUSD Current price: 1.3947 {image "EUR_USD+Spot_20100129065216.png"}Just keeps pushing lower in this large downward channel. News that Germany and France will not bail out Greece yesterday (contrary to rumour) pushed the Euro lower. We pushed on to 13913 low and look like we may just have small correction here. All indicators are bearish. As long as we can stay in the channel (top trend line 14020) the trend should continue. The weekly candle is looking strongly bearish Support levels: 1.3912...Currency Majors Technical Perspective
EUR/USD Current price: 1.3867{image "eur_20100131233625.gif"}Rally extended to a six- month low of 1.3861 past Friday, leaving hourly charts oversold as seen on current chart. 20 SMA above current price holds the bearish slope, while bigger time frames also show indicators oversold. Aside from that no signs of reversal o correction yet; pair has a first resistance around 1.3890 area, ahead of 1.3940 zone. Clear break above could signal further upside rally, still considered corrective, to the 1....Currency Majors Technical Perspective
EUR/USD Current price: 1.4718{image "eur_20091029002036.gif"}Nikkei 225 opened strongly down 1.3% breaking under 10.000 and reaching 9941, showing risk avert movements are not over in currency markets. Close to yesterday’s low also 61.8% of this month rally, confirmations under 1.4705 will likely send pair lower. Still, hourly indicators remain pointing for some upside corrections that likely remain limited if local stocks continue falling. Bigger time frame indicators also seem exhausted to t...Currency Majors Technical Perspective
EURUSD Current price: 1.4069 {image "EUR_USD+Spot_20100127070257.png"}EURUSD little changed overnight. Yesterday we made a move to try to penetrate the previous low at 1.4032 but failed, reaching just 1.4042. We are holding below the 20 SMA at the moment and are making lower lows. Momentum and RSI are both in their sell zones so overall we have a downward bias. However, we are showing some divergence to buy on the 4 hr chart (MACD) so this correction may not be finished yet. 1.4032 is the key ...Currency Majors Technical Perspective
EURUSD Current price: 1.4084 {image "EUR_USD+Spot_20100126070108.png"}Stocks are down for the seventh day in a row (in Asia) over concerns that China may try to slow their economy. USD and YEN have strengthened. EURUSD has pushed out of the channel at midnight (GMT) and the pair pushed down impulsively. If we look to the daily chart we can see a doji from yesterday that signals the indecision. The first target area will be the previous resistance line (now support) and the previous low at 1.40...Currency Majors Technical Perspective
EUR/USD Current price: 1.4357{image "eur_20100117224145.gif"}Euro opened the week slightly bearish, gapping to the downside as some risk aversion due to Dubai World credit issues hit the wires this Sunday. With indicators bearish yet showing downside rally a bit overextended and under 20 SMA still with a nice bearish slope, pair needs to break under 1.4335, past Friday’s low to accelerate to the downside. 4 hours chars support the bias, while in this time frame indicators show pair has s...Currency Majors Technical Perspective
EURUSD Current price: 1.4433 {image "EUR_USD+Spot_20100115070149.png"}We got our break of support last night (1.4455) and have pushed lower to 161.8% of the first wave (1.4407). Here we look to the RSI where we are slightly oversold. Just because we have an oversold reading does not mean that we are preparing to go higher. All other indicators are strongly bearish with the MACD opening up (wider lines showing growing trend) and showing no signs of divergence. A break of 1.4406 should take us dow...Currency Majors Technical Perspective
EURUSD Current price: 1.4356 {image "EUR_USD+Spot_20100106065209.png"}The pair broke through the 1.4400 resistance area late yesterday afternoon and pushed lower still overnight. We have now found a support area at 1.4345. We are in, what looks like, a large corrective upward channel which has been forming since the lows on the 22nd of December. A push through support at 1.4345 should open the way for a move down to 1.4270 trend line supportSupport levels: 1.4345 14313 1.4270Resist...Currency Majors Technical Perspective
EURUSD Current price: 1.4380 {image "EUR_USD+Spot_20100107065414.png"}The pair managed to push higher after the FED meeting last night and spiked up to 1.4446. We have since turned bearish and at the time of writing are trying to break the daily Pivot at 1.4373. A barrage of figures out of the Euro zone today at 10.00am http://www.fxstreet.com/fundamental/economic-calendar/ . A break of the pivot opens the way for a move down to 1.4320 and 1.4280. A move through 1.4446 would turn the pair bullis...Currency Majors Technical Perspective
EUR/USD Current price: 1.4413{image "eur_20100105144530.gif"}Losing strength, pair is approaching to the base of the range around 1.4400 that has been capping the downside since yesterday. Hourly chart show indicators mostly flat as well as 20 SMA, giving no clear bias for current session, as sentiment leads the way. 4 hours charts turned slightly bearish yet we need a confirmation under mentioned 1.4400 area, to see the pair extending the downside. Better if 1.4365 static support zone gives up....Currency Majors Technical Perspective
EUR/USD Current price: 1.4437{image "eur_20100104143950.gif"}Bullish in the hourly chart, pair is approaching to 1.4460 resistance area, past week high. Indicators support further rises despite slightly over extended, as no signs of corrective movements are seen either in 1 or 4 hours charts. Well supported above 20 SMA, confirmations above mentioned area likely to trigger further rises to the 1.4485 area, ahead of stronger 1.4515 level.Support levels: 1.4410 1.4365 1.4320 Resistance levels:&nbs...Currency Majors Technical Perspective
EUR/USD Current price: 1.4328{image "eur_20100103233905.gif"}Gapping to the downside, pair started the week holding the bearish tone in 1 hour charts, as indicators remain pointing for further loses. Price action continues developing under 20 SMA, both in 1 and 4 hours charts, while 4 hours charts indicators also support further falls; under 1.4300 area, first support for the next hours, pair likely to approach to next level around 1.4260/70, while only under this last, a retest of the low...Currency Majors Technical Perspective
EURUSD Current price: 1.4312 {image "EUR_USD+Spot_20100108065409.png"}Pushed lower yesterday and continued it’s moved down in an impulsive manner. We have now reached close to the previous low (1.4283) and our solid trend line support at 1.4280. At the time of writing the pair is trying to make a comeback. If we can manage to pull above 1.4328 then I think the pivot (1.4354) is all that we may see before the next onslaught lower. We are still in a large corrective channel that favours a break ...Currency Majors Technical Perspective
EUR/USD Current price: 1.4415{image "eur_20100110233120.gif"}Still inside the daily ascendant short term channel, hourly charts show pair is forming a small continuation triangle in the hourly chart, above 1.4440 resistance area, pair could extend the upside despite hourly indicators look a bit exhausted in the hourly. 20 SMA regained the bullish slope under current price supporting the bias. 4 hours charts indicators are also slightly bullish. Stocks likely to rise following DJIA 15 months high...Currency Majors Technical Perspective
EURUSD Current price: 1.4539 {image "EUR_USD+Spot_20100114065634.png"}Australia beat its job estimates overnight and this sent Asian stocks and the Aussie dollar higher overnight. These, in turn, made the USD slip slightly and EURUSD moved up to a high of 1.4457. We have trend line resistance at 1.4573 that held yesterday and the move up does look corrective at the moment. As long as we can hold that high I think we may favour the downside. A move below 1.4497 would be the first indication. I w...Currency Majors Technical Perspective
EURUSD Current price: 1.4492 {image "EUR_USD+Spot_20100113065119.png"}We have been stuck in a range for the last couple of days with some very choppy trading. We have made a base around 1.4455 and have failed to break the previous high at 1.4556. This has formed a descending triangle formation which favours a break to the downside. However, there are two sides to the story. This could still be a fourth wave correction before the next wave higher. At this point we cannot be any clearer and need ...Currency Majors Technical Perspective
EURUSD Current price: 1.4500 {image "EUR_USD+Spot_20100112070319.png"}The USD has risen against virtually all currencies overnight as the outlook for the global recovery is slowing. EURUSD pulled back to 1.4454 before posting a doji. For the past three hours we have had a positive move and a currently sitting on the previous resistance line at 1.4504. The move down reached the 38.2% retracement mark which is popular for the 4th waves in the Elliott wave theory. It then favours a move to the upsi...Currency Majors Technical Perspective
EURUSD Current price: 1.4508 {image "EUR_USD+Spot_20100111070306.png"}We have pushed higher from the open in Asia with a gain of over 100 points. The move up is strongly impulsive but we are looking overbought on the 1 and 4 hr charts. We have moved above the corrective channel but have yet to have a solid green candle close above. A move lower should only be corrective after the strong rally. A move above 1.4553 could open the way for a rally to 1.4656Support levels: 1.4482 1.4432 1.4370Resista...Currency Majors Technical Perspective
EURUSD Current price: 13883 Asian stocks are lower overnight. EURUSD little changed from the close on Friday. Refused to push lower than 1.3850, forming two doji’s near the base. 13890 will be the first resistance. Still trading in this large descending channel, this move up looks like a correction before the next leg lower. A move above 13930 then a break of the trend line (currently at 13971) would change that view. If we look to the daily and weekly bars they are both strongly bearishSuppo...Currency Majors Technical Perspective
EURUSD Current price: 1.4011 {image "EUR_USD+4+Spot_20100128065429.png"}{image "EUR_USD+Spot_20100128065446.png"}Fed unchanged overnight and EURUSD pushed lower on the news. If we look to the 4 hr chart we see a large doji for the last candle. This happened with a move down to 261.8% (13943) and made a low at 13938. We also have possible divergence to buy at this level with all indicators yet to make a lower low. (Nothing confirmed yet). If we then look to the 1 hr chart we are in a huge down ch...Currency Majors Technical Perspective
EUR/USD Current price: 1.4740{image "eur_20091011234415.gif"}Euro started the week well bid, with a bullish tone both in 1 and 4 hours charts. Hourly indicators are giving continuation signals, with current candle opening above 20 SMA, suggesting more upside to come; 4 hours ascendant trend line coming from 1.4560 low remains valid as no 4 hours candle opened under it. Japan will remain close on holiday, yet regional markets likely rise following past Friday’s Wall Street gains; expect...Currency Majors Technical Perspective
EUR/USD Current price: 1.4894{image "eur_20091018222739.gif"}Dollar starts the week slightly up against Euro, just under the 1.4900 level. Having formed a probable double roof figure on the hourly around 1.4965 highs, clearly under 1.4840 neck line pair could extend the downside thus negative sentiment likely halt any powerful dollar rally; current candle opened under 20 SMA while indicators are slowly turning down. Bigger time frames also support some falls for the next hours, yet break above 1...Currency Majors Technical Perspective
EUR/USD Current price: 1.3927{image "eur_20100201235126.gif"}Pair corrective movements triggered by a return in risk appetite, remains capped by the 1.3930 area, 23.8% retracement of the last daily fall. Euro rises likely to remain limited by economic issues in Greece, Spain and Portugal, despite good chances of a rise in local share markets after strong Wall Street gains. Hourly charts show indicators flat, while price remains above 20 SMA, while 4 hours charts show a slightly bullish bias with...Currency Majors Technical Perspective
EUR/USD Current price: 1.3624{image "eur_20100221224015.gif"}Extending past Friday’s bullish corrective movement, pair has gapped to the upside in early interbank trading, reaching 1.3640 resistance area from where the pair seems to be retreating slightly. Hourly chart show indicators still bullish, yet approaching to overbought conditions, while 4 hours charts show bullish strength coming from technical indicators and current opening took place above 20 SMA; as long as 1.3600 acts as support,...Currency Majors Technical Perspective
EUR/USD Current price: 1.3487{image "eur_20100219000114.gif"}Dollar soared to a 9 month high against Euro early Asia, after the surprise movement form FED in the discount rate, raised to 0.75% from 0.50% previously; technically, pair is breaking under key 1.3480/90 area, 61.8% retracement in the daily chart of 2009 bullish rally, signaling this wat further falls to come ahead. Indicators remain bearish with no signs of exhaustion or oversold, suggesting under current 1.3455 low, pair could exten...Currency Majors Technical Perspective
EUR/USD Current price: 1.4929{image "eur_20091019083540.gif"} Euro regained the upside after testing as low as 1.4826 in early Asia. European session started with a rush of risk appetite, following also rising gold prices. Hourly indicators are slightly bullish while bigger time frames also support the bias: immediate resistance comes at 1.4946 recent high, followed by 1.4965 zone. Above that level, pair will likely attempt to reach 1.5000 in the next hours; downside seems limi...Currency Majors Technical Perspective
EUR/USD Current price: 1.4958{image "eur_20091021074835.gif"}Fresh year highs for Euro yesterday barely shy of 1.5000, Euro opened Europe well bid and pointing higher. Gold and stocks continue rising, supporting more risk appetite and dollar falls for next hours. Hourly indicators show 20 SMA broken in current candle opening far under current price zone, now turned into dynamic support. Indicators remain to the upside, yet with no enough momentum yet. Bigger time frames indicators are mostly fla...Currency Majors Technical Perspective
EUR/USD Current price: 1.4819{image "eur_20091028003023.gif"}Nikkei opened slightly bearish, halting pair upside corrective movement. With hourly indicators losing upside strength, 20 SMA continues strongly bearish and acting ad dynamic resistance level. Small continuation triangle clear in the hourly, break under 1.4800, immediate support level, could signal more downside ahead of current session, yet 4 hours charts show indicators exhausted to the downside, suggesting some short upside correct...Currency Majors Technical Perspective
EUR/USD Current price: 1.4849{image "eur_20091027002021.gif"}Despite technically oversold, hourly charts for the pair show a continuation figure, with 1.4840 as key support level to watch, also the 38.2% retracement of the daily rally 1.4480/1.5063. 20 SMA has turned strongly bearish, thus bigger time frames show indicators a bit exhausted to the downside, suggesting some upside corrective movement to come in the next hours that could reach 1.4910 without harming current bearish trend. Break und...Currency Majors Technical Perspective
EUR/USD Current price: 1.4983{image "eur_20091026005654.gif"}Pair turned slightly bearish in the hourly, thus 1.4970 support zone still holds. 20 SMA has turned to the downside, and remains above current price, while indicators in the hourly chart continue pointing for further falls if the support gives up. Bigger time frames indicators also support the bias, thus pair needs to clearly move away from the 1.5000 area to confirm a deeper correction.Support levels: 1.4960 1.4940 1.4910Resistance le...Currency Majors Technical Perspective
EUR/USD Current price: 1.5036{image "eur_20091023133041.gif"}Euro continues consolidating above 1.5000, after printing another intra year high during Asian session at 1.5060, first static resistance to consider from current level. Hourly indicators are slightly bearish at this point, suggesting some downside movements ahead, thus seem quite limited at this point. Bigger time frames remain clearly bullish with 20 SMA guiding the pair. Clear confirmations under 1.4960 must be seen to call for a st...Currency Majors Technical Perspective
EURUSD Current price: 1.3582 The Greece issue is not dead and buried as it would have seemed on Tuesday. Angela Merkel said yesterday that ‘not a single euro’ should go to Greece. We also have the issue that the US may start to move closer to pulling economic stimulus. We have moved down impulsively which can be looked as a wave three. If that is the case then the next pause should be at 13500 (big figure and trend line at 13483) before the next move down to 13340. Any move higher should be ...Currency Majors Technical Perspective
EURUSD Current price: 1.3639 Good morning. Stocks have rallied overnight in Asia. On the weekly chart we have a huge doji for last week (that follows a doji from the previous week). Is this suggesting a change of trend? 1 hr chart and we can see that the pair refused to clear the base of the channel on Friday. We are now at a key level, the 200 SMA and near 61.8% (1.3659). Oscillators are starting to turn over so we may turn lower from this level. However, a push through 13659 opens the door f...Currency Majors Technical Perspective
EURUSD Current price: 1.3706 Daily chart and we have an inverted hammer for yesterday which is a possible reversal pattern. The fact that Trichet will be leaving Australia a day early has given the Euro a boost overnight. On the hourly chart we are making an ascending triangle which favours a break to the upside through 13715. A break and the first target we should look for would be 13850. This would ‘line up’ with the 200 SMA. A break below 13643 would invalidate this view. Indicators are b...Currency Majors Technical Perspective
EURUSD Current price: 1.3759 You can never say it is going to be a quite day on the currency markets, especially with all the uncertainty in Europe. We had a spokes person from Germany saying they are looking at a package to bail out Greece, only to deny it later. This sent the markets flying higher. EURUSD daily chart we can see a large green with a spike at the rejection area. We have since drifted lower overnight. In the last hour we have shown some support at 13742 which was the break out li...Currency Majors Technical Perspective
EURUSD Current price: 1.3645{image "euroooo_20100208001043.gif"}Pair remains generally bearish, moving between 1.3630 and 1.3670. Bigger time frames are oversold suggesting some possible upside for the rest of the day, but need support from a recovery in stocks and commodities. 20 SMA currently at 1.3670 working as a resistance, a break above should trigger more upside with a possible target at 1.3740. The upside should be limited to the 1.3800 zone. To the downside a consolidation below 1.3600 ...Currency Majors Technical Perspective
EUR/USD Current price: 1.3762{image "eur_20100216234417.gif"}Pair is approaching to Japan opening very close to the daily high, suggesting more upside momentum to come during current session. Strong recovery in Wall Street suggests current local share markets will follow the risk appetite sentiment, supporting further rises in the pair. Despite overbought in the hourly, momentum corrective movement seem complete, while 20 SMA under current price regained a strong bullish slope; 4 hours charts al...Currency Majors Technical Perspective
EURUSD Current price: 1.3712 {image "EUR_USD+Daily+Spot_20100205071534.png"}{image "EUR_USD+Spot_20100205071552.png"}The Daily chart shows the move down and the very powerful down days yesterday. WE have now just clipped the target at 13660-65 area. This happens to be both an ABC sequence (which is corrective) and 161.*% of wave 1. How we correct from here (if we correct from here) will be essential. A slow drawn out correction to the between 13882 and 14016 (23.6% + 38.2%) and this may just ...Currency Majors Technical Perspective
EURUSD Current price: 1.3759 Better than expected employment figures out of Australia gave the AUDUSD a boost, and with it, the USD devalued across the board. The market will be hoping for something positive from the EU meeting today, so all eyes will be on the EURO. On the chart we can see a pull lower yesterday from the resistance area (13800). We have pulled up to meet that level again overnight and the last hour spiked through. This has formed a treble top at the moment. We also have the 20...Currency Majors Technical Perspective
EURUSD Current price: 1.3966 {image "EUR_USD+Spot_20100203065201.png"}Asian stocks are up overnight offering a bit of weakness to the US dollar. EURUSD had made an ABC sequence, pausing at 1.3977. We have the PMI and Retail Sales out today (http://www.fxstreet.com/fundamental/economic-calendar/) which should show us some direction. At the moment, this whole move higher looks corrective. Indicators are starting to turn bearish. We have the bottom of the trend line at 1.3921. A break here and we w...Currency Majors Technical Perspective
EUR/USD Current price: 1.3601{image "eur_20100215235159.gif"}Unchanged since past Asian session update, the pair remained trapped between 1.3580/1.3640, in a very tiny this past Monday, due to China and US holidays. Hourly charts show flat indicators, giving no clear bias for next hours; regional stock markets had a slightly bullish perspective for next hours, after some gains in European markets, thus with Wall Street closed, rises should remain limited. 4 hours charts remain bearish in t...Currency Majors Technical Perspective
EURUSD Current price: 1.3669 Good morning. Asian stocks fell overnight on concerns about Greece and Dubai World. All eyes and ears will be on the European meeting in Brussels today. We also have a US holiday today so any move s may be exaggerated. EURUSD had drifted lower. At the moment we are in a downward channel with all indicators negative. The channel resistance is at 13615 followed by 13645. If we managed to break to the upside then 13745 (200 SMA) and the trend line at 13761 should hold t...Currency Majors Technical Perspective
EUR/USD Current price: 1.3610{image "eur_20100214233525.gif"}EUR/USD sentiment remains strongly bearish as ECB’s Trichet reassure this Sunday afternoon, that euro zone commitment over Greece “is enough to me”, while all EU countries must respect stability pact. Greece economic instability has been weighting on the hegemonic currency since early January, sending the cross to current 1.36 area. Despite testing oversold levels in the daily, 1 hour charts show pair remains bearish, cappe...Currency Majors Technical Perspective
EURUSD Current price: 1.3669 Good morning. EURUSD pushed lower off the treble top and the resistance area at 1.3800 yesterday. We nearly made the lows before heading back up. O the daily chart, this move from the 5th of February could be seen as fourth wave in a ‘big picture’. It has met the criteria by reaching a 23.6% retracement at 1.3817. If this is the case then the pair could aim for 1.2706. We are going back some time now but on the wedge breakout, on the 8th of December, we did note...Currency Majors Technical Perspective
EURUSD Current price: 1.3895{image "eruoooo_20100204003330.gif"}Pair fell constantly during the last hours and hourly charts turned bearish; close to oversold. Recent fall has been cupped by support at 1.3880; a break could send the pair to test weekly lows at 1.3850. Bigger time frames continue to support a bearish perspective and a break below previous lows could trigger more downside. Pair weakened in the last hours and the upside should be limited to 1.3930 for the next few hours. Support le...Currency Pairs
Learn about currency pairs, cross currencies, base and quote currency and many more consepts vital for any online forex trading user.Currency Technical Report
EUR/USD Resistance : 14780-00/ 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support :1,4730/ 1,4710-20/ 1,4680/ 1,4640/ 1,4610/ 1,4580/ 1,4540/ 1,4500 {image "fxgreece_analysis_en_20091102_chart1_20091102123823.jpg"}Currency Technical Report
EUR/USD Resistance: 1,4980-85/ 1,5000/ 1,5050-60/ 1,5080/ 1,5110 Support: 1,4920-30/ 1,4880 1,4840-50/ 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091030_chart1_20091109113840.jpg"}Currency Technical Report
EUR/USD Resistance: 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support : 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091105_chart1_20091105125437.jpg"}Comment: The false break of the base of 1,4680-00 led to an upward reaction, as we had described in our analysis yesterday, towards 1,4900 after FED’s announcement. The downward move from these levels seems corrective and the price is likely to return to 1,4900-30 area. Above 1,4930, next targets are set at 1,4980-00 ...Currency Technical Report
EUR/USD Resistance: 1,4900/ 1,4930/ 1,4960/ 1,4990-5000/ 1,5025-30/ 1,5050-60 Support : 1,4840-50/ 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091119_chart1_20091119122723.jpg"}Comment : The area of 1,5000 could not be breached again, and the sideways formation continues. Today starts negative for euro and1,4820-40 area is likely to be tested again as support..These levels have been already tested four times and couldn’t be breached and this means that this time a bre...Currency Technical Report
EUR/USD Resistance: 1,4960-65/ 1,5000 / 1,5020/ 1,5050/ 1,5070/ 1,5100/ 1,5140-50 Support : 1,4910-20/ 1,4870-80/ 1,4850/ 1,4815-20/ 1,4790 {image "fxgreece_analysis_en_20091124_chart1_20091124112346.jpg"}Currency Technical Report
EUR/USD Resistance: 1,5050-60/ 1,5100/ 1,5140-50/ 1,5200 Support: 1,5015-20/ 1,4980-85/ 1,4945-50/ 1,4900/ 1,4870/ 1,4930-40 {image "fxgreece_analysis_en_20091130_chart1_20091130124647.jpg"}Comment : Low liquidity causes extreme reactions to the market, as we witnessed in the end of last week. Reversal signs from the false break of 1,5000 and the reversal candle formation in the daily chart, led quickly to our first targets at the base of 1,4820-40, where a new upward reaction was formed above...Currency Technical Report
EUR/USD Resistance: 1,4930-50/ 1,4980-00/ 1,5030/ 1,5080/ 1,5140 Support: 1,4840/ 1,4800-10/ 1,4750/ 1,4700/ 1,4660/ 1,4600-10 {image "fxgreece_analysis_en_20091127_chart1_20091127112938.jpg"}Comment : The false break of the sideways formation in a period of low liquidity, combined with a reversal candle in the daily chart above the Bollinger Bands, indicate that the downward move is likely to continue. As we mentioned in our analysis, yesterday, higher target would only be valid if retracemen...Currency Technical Report
EUR/USD Resistance: 1,4890-00/ 1,4950/ 1,4975-80/ 1,5020/1,5075/ 1,5100 Support : 1,4800-10/1,4780/ 1,4750-60/ 1,4700-05/ 1,4675-80/ 1,4630 {image "fxgreece_analysis_en_20091208_chart1_20091208120336.jpg"}Comment : Bernanke’s speech yesterday disappointed dollar bulls, indicating that interest rates will remain at current levels at least until the middle of 2010 and high unemployment will continue weighting on the economy. Euro rose during his speech, towards 1.4900, but the gains were quickl...Currency Technical Report
EUR/USD Resistance : 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130/ 1,5160-70 Support: 1,5000/ 1,4960-70/ 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 {image "fxgreece_analysis_en_20091023_chart1_20091023113743.jpg"}Comment : Our lower targets were achieved during yesterday’s highs, but retracements remained weak, indicating that buyers still dominate. Important resistance emerges at 1,5100 area, which is the most possible target. As you can see in the daily chart two different channels are met at th...Currency Technical Report
EUR/USD Resistance : 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support : 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091030_chart1_20091030112255.jpg"} Comment : Support at 1,4680 area managed to limit euro’s decline and the reach of the lower Bollinger in the daily chart, combined with the strong positive candle, indicate that a reversal is possible… Yesterday’s reaction led to 1,4840-60 resistance, but retracements remained weak. A rise resumption is possible ...Currency Technical Report
EUR/USD Resistance :1,4770-80/ 1,4800/ 1,4820/ 1,4840-50/ 1,4900 Support : 1,4700-10/ 1,4675-80/ 1,4650-601,4625-30/ 1,4590-00/ 1,4550 {image "fxgreece_analysis_en_20091009_chart1_20091009091927.jpg"}Comment: Euro moved towards our first targets at 1,4800-20, confirming our basic scenario, and then formed a correction, testing 1.4700 area as support. A sideways formation between 1,4600-50 and 1,4800-50 area, would be a possible scenario. We should also mention that gold, crude oil and stock in...Currency Technical Report
EUR/USD Resistance: 1,4480/ 1,4505/ 1.4550/ 1.4580-90/ 1.4630/ 1.4680 Support : 1,4430/ 1.4400/ 1.4350/ 1.4300 {image "fxgreece_analysis_en_20100105_chart1_20100105113317.jpg"}Comment : Euro seems to have formed a base, after 1.4200 lows, after the sharp moves in the end of 2009. The market’s sentiment is not clear, even if there is some risk appetite, as we can see from the rise in commodities and stock markets. Technically, the upward reaction is considered corrective and is should be comp...Currency Technical Report
EUR/USD Resistance: 1,3730/ 1,3750/ 1,3800/ 1,3850/ 1,3910/ 1,3940/ 1,3980/ 1,4020-30 Support : 1,3700/ 1,3665-70/ 1,3640/ 1,3610/ 1,3570/ 1,3520 {image "fxgreece_analysis_en_20100205_chart1_20100205123420.jpg"}Comment : Dollar rose against all major currencies except the Japanese yen, as risk aversion dominates in the market, and important technical support levels have been breached. Technically, euro is oversold in the daily and short term chart, while important support and targets have been r...Currency Technical Report
EUR/USD Resistance:1,4890-00/ 1,4920-30/ 1,4950-60/ 1,4970-80/ 1,5000-10/ 1,5050/ 1,5080/ 1,5110 Support :1,4850-60/ 1,4810-15/ 1,4790/ 1,4770/ 1,4750-60/ 1,4700 {image "fxgreece_analysis_en_20091012_chart1_20091014092412.jpg"}Comment : Dollar is still under pressure, and as a result euro is moving to new tops, close to 1,4900 area, confirming our basic scenario. Next target should be at 1,5100 area or higher. After yesterday’s tops, important resistance levels have been reached for the short...Currency Technical Report
EUR/USD Resistance :1,4960-70 / 1,5000-10/ 1,5040-45/ 1,5080/ 1,5110 Support :1,4900/ 1,4870/ 1,4840/ 1,4810-15/ 1,4790/ 1,4770/ 1,4750-60/ 1,4700 {image "fxgreece_analysis_en_20091016_chart1_20091016110510.jpg"}Comment: Euro’s rise was limited below 1,5000 area, confirming our scenario regarding the strong resistance levels of 1,4950-70. Even though the upward move was not strong enough to confirm the resumption of the move to higher levels, retracements remain weak and buyers still dominat...Currency Technical Report
EUR/USD Resistance: 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130/ 1,5160-70 Support : 1,5000/ 1,4960-70/ 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 {image "fxgreece_analysis_en_20091026_chart1_20091026113340.jpg"}Comment : Euro is still in an uptrend and our first targets have been reached. The wider area of 1,5100 should be confirmed as an important technical resistance. However, retracements remain weak and the short term channel in the 4 hour chart is still valid, after the last base of 1,4480-45...Currency Technical Report
EUR/USD Resistance:1,5000-10/ 1,5040-45/ 1,5080/ 1,5110/ 5135-45 Support:1,4690-70/ 1,4930/ 1,4900/ 1,4870/ 1,4840/ 1,4810-15/ {image "fxgreece_analysis_en_20091022_chart1_20091022104208.jpg"} Comment: Yesterday’s rise above 1.5000 was expected and our basic targets are being reached... The basic target from the break of the June-August sideways formation is 1.5100 area ( clear in the daily chart). We are cautious regarding the break of 1,5100, as a sideways formation which could be used as a...Currency Technical Report
EUR/USD Resistance :1,4980-00/ 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130 Support : 1,4900-20/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 {image "fxgreece_analysis_en_20091020_chart1_20091020102214.jpg"} Comment: Euro moved to new tops yesterday after the break of previous tops at 1,4950-70. The pair reached 1.5000 area but sellers made their appearance, leading to a small retracement. The area of 1,5000 is an important resistance and psychological level and is should not be breached easily… First importan...Currency Technical Report
EUR/USD {image "fxgreece_analysis_en_20091019_chart1_20091019105836.jpg"} Resistance:1,4960-70/ 1,5000/ 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130 Support : 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 Comment: The area of 1,4950-00 could not be breached easily, as expected, but retracements remained weak in terms of the uptrend. Buy opportunities emerged during retracements and today euro is testing again 1,4950-70 area as resistance. First targets are set at 1,5100, followed by 1,5250-00 area. A mo...Currency Technical Report
EUR/USD Resistance: 1,3730/ 1,3755/ 1,3800/ 1,3840-50/ 1,3885/ 1,3930/ Support: 1,3680/ 1,3650/ 1,3620/ 1,3590/ 1,3550 {image "fxgreece_analysis_en_20100208_chart1_20100208113123.jpg"} Comment : Euro has moved to new lows again, reaching slightly below 1.3600 area on Friday, but the week closed much higher. As we had mentioned in our previous analysis, an upward reaction is expected this week, in terms of a correction, but it could lead euro towards the first important resistance levels at 1,38...Daily Crude Oil Falls
Daily Review 22/12/2009USD Dollar (USD) – The Dollar gained across the board continuing to rally as speculations rise that the Federal Reserve will withdraw the stimulus it offered to slow the recession. The Dollar rose despite an increase in stocks in Europe and Wall Street showing that the inverse correlation with equities continues to break down. Stocks rose sharply in the U.S. NASDAQ rose to fresh year highs and finished with a gain of 1.17% and Dow Jones added 0.83%. The Gold (XAU) fell t...Daily Currencies Report
Daily Review 10/2/2010USD Dollar (USD) – The Dollar has weakened versus most majors after European Union officials signaled they will aid Greece in reducing its budget deficit. As the Euro's uncertainty lowered the demand for the Dollar as a safe haven waned. Dollar Index dropped by 0.7% as a result. NASDAQ and Dow Jones gained by 1.17% and 1.52% respectively as the Dollar weakened and uncertainty lowered. Crude Oil gained by 2.59% closing at 73.75$ a barrel. Gold (XAU) gained by 1.03% closing...Daily FX Trade Analysis
Today’s trend: Upwards Buy/Sell: Sell Entry 1: 91.75 Entry 2: 92.30 Stop: 92.85 Profit 1: 90.75 Profit 2: 90.35Daily FX Trade Analysis
EURUSD Today’s trend: Upwards Buy/Sell: Sell Entry 1: 1.6275 Entry 2: N/A Stop: 1.6325 Profit 1: 1.6160 Profit 2: 1.6090Daily FX Trade Analysis
Today’s trend: Downwards Buy/Sell: Sell Entry 1: 1.5975 Entry 2: 1.6035 Stop: 1.6065 Profit 1: 1.5885 Profit 2: 1.5835Daily FX Trade Analysis
EURUSD Today’s trend : Downwards Buy / Sell : Sell Entry 1:1.4125 Entry 2:N/ADaily FX Trade Analysis
USDJPY Today’s trend : Upwards Buy / Sell : Sell Entry 1: 90.70 Entry 2: N/A Stop: 91.30 Profit 1: 89.30 Profit 2: 88.90Daily FX Trade Analysis
Daily FX Trade AnalysisDaily FX Trade Analysis
USDJPY Today’s trend : Downwards Buy / Sell : Sell Entry 1: 89.80 Entry 2: N/A Stop: 90.25 Profit 1: 88.6 Profit 2: 87.9Daily FX Trade Analysis
USDJPY Today’s trend : Downwards Buy / Sell : Sell Entry 1:90.2 Entry 2:N/ADaily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future.Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.10...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...Daily Video Technical Update 2.9.2010
Get the Flash Player and/or activate Javascript to see this player var fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e = new SWFObject('/common/flash/flv/mediaplayer-licensed.swf','fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e','640','360','8'); fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e.addParam('allowfullscreen','true'); fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e.addVariable('width','640'); fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e.addVariable('height','360'); fxst_player_d8b9b6b4...Daily volatility is increasing in all markets including Forex
The markets are definitely moving towards a break-out or reversal as daily volatility has returned. As the long-term trend has been quite one-sided it stands to reason that this could signal a larger reverse.December Gold Posts New All−Time High
December Gold posted a new all-time high overnight when the U.S. Dollar weakened. Continue to expect this market to push higher unless the Dollar mounts a dramatic turnaround. Equity markets are trading slightly better in the premarket. Traders are anticipating volatility today as earnings season begins to heat up. Key reports from Johnson and Johnson before the market and Intel after the close should have strong effects on the markets. Traders are going to...Demand for Commodities Falls as Dollar Strengthens
The U.S. Dollar erased early overnight losses and is now trading higher after China shocked the Forex markets with a surprise hike in interest rates. China’s move to curb excessive lending and curtail price increases drove traders into lower yielding, safe haven currencies. China’s central bank sold 3-month bills at a higher interest rate for the first time in 19 weeks. This news is expected to put pressure on commodity and stock prices today.Demand for Higher Return Boosts Equities
Global stock prices continued to rise overnight following a sell-off in the Dollar, signaling greater demand for higher yielding assets. The thought of a recovery in the U.S. economy is also contributing to the strength. Money is shifting out of U.S. Treasuries and into equities as end-of-the-year asset allocation continues.Demand for Higher Risk Assets Drives S&P through Recent High
Renewed demand for higher risk assets helped to drive the March E-mini S&P 500 through the December high at 1126.50. A better than expected U.S. Manufacturing report helped to underpin the U.S. markets and create upside momentum.A surge in demand for higher yielding assets is also helping to drive crude oil and gold prices higher. A firm undertone has been present throughout the day at the expense of the Dollar.The strong rally in February Gold turned the main trend to up on the daily chart ...Demand for Higher Risk Commodities Drives Gold Higher
April Gold surged for the third consecutive day fueled by a combination of oversold conditions and a weaker Dollar. After failing to attract fresh selling pressure following the break under the December bottom at $1076.50, this market has formed a support base. Tuesday’s rally helped form a new main bottom at $1073.20. Based on the short-term range of $1166.70 to $1074.40, traders should look for a retracement to $1120.50 to $1131.40. Watch for a technical bounce following a test of this zone...Demand for Higher Risk Helping Equity Prices
U.S. equity markets are trading better at the mid-session, buoyed by demand for higher risk, oversold conditions, a fresh influx of cash and news that Obama may propose tax breaks for businesses.Investors dumped stocks late last week as sentiment shifted toward less risky assets. The combination of a stronger Dollar, monetary tightening in China and a proposal by Obama to end financial institution prop trading weighed heavily on traders last week. While these conditions are expected to continue ...What Is A Tick or A Pip and How to Calculate It?
Learn about the use of forex ticks, also known as pips, in determining Forex trading currency pairsThe Central Banks' Influence On Forex Trading?
Discover the influence of the central bank - a financial body that controls the country’s monetary policy, on the foreign exchange marketWhat Is a Product Price Index (PPI) and How to Read It?
Learn about the effects of Product Price Index on Forex trading. The influences of commodity pricing on online currency trading trends also known as PIPThe Basics of Forex Technical Analysis
Learn about the many uses of Forex technical analysis, how to read it and analyze factors affecting the currency trading market.The Use of Requote in the Forex Market
Learn The Role of requote in currency trading and how brokers use requote to mediate information in the world of Forex trading.What is Quote Currency and Why You Need To Know?
Learn how to read quote currency and its many functions in determining changes in the forex trading market.What are Transaction Costs and How to Calculate Them?
Learn about the price of forex transaction costs, selling or purchasing in Forex trading market. Learn to calculate rates and transaction costs of currency tradingIs There Such A Thing As Forex Psychology?
Learn about the inner workings of a trader's minds with our essential guide to Forex psychology. Enter the head of pro brokers and their way to successDollar Bulls Pinning Hopes on U.S. Economic Recovery
Today’s rally in the U.S. Dollar appears to be a sign that risk sentiment may not be the driving force behind price action much longer. The action today suggests that funds are being reallocated into the Dollar and stocks in an effort to capture a rise from the continuing improvement in the U.S. economy. The positive trade in both the stock and Dollar markets is a sign that investors are shifting back to watching traditional fundamentals for direction.Dollar Called Mixed, Appetite for Risk Continues to Grow
The U.S. Dollar is expected to open lower against most majors. The EUR USD is trading higher despite weaker German wholesale prices. This shows that traders are more interested in owning higher risk assets and are paying less attention to economic news.Dollar Closes Sharply Higher for Week
The U.S. Dollar closed sharply higher for the week, boosted by a weaker Euro, news that China was tightening its monetary policy and an increase in demand for lower yielding assets. Late in the week, the Dollar flattened out after President Obama proposed restrictions on financial institution trading. The early read is that investors feel the proposal is Dollar negative and in the long-run may discourage investors from buying U.S. assets.Dollar Continues to Weaken Against Most Majors
The U.S. Dollar continued to weaken overnight against most major currencies after China announced that its manufacturing sector rose to a seasonally adjusted 55.7 last month. This growth rate was the fastest pace in five years or since the index began being tracked.Dollar Falls as Euro Rises
Daily Review 10/11/2009USD Dollar (USD) – The Dollar fell to a 15 month low against the currencies of major U.S. trading partners after G20 finance officials pledged to maintain stimulus measures, encouraging investors to buy higher-yielding assets. NASDAQ and Dow Jones jumped by 1.97% and 2.03% respectively, Crude oil rose by 2.6% closing at 79.43$ a barrel , GOLD (XAU) advanced to a new record, rising by 0.5% to 1100.8$ an ounce. Today, FOMC Members Lockhart and Yellen will speak. Investors ...Dollar Faltering at the Mid−Session
The U.S. Dollar is trading lower at the mid-session. This market took out Friday’s high but failed to attract the buying strength it needed to drive it higher. The chart pattern suggests a break to 75.26 to 75.03 may be needed to relieve the overbought condition.The USD JPY is trading inside of a 92.32 to 84.83 range. Last Friday’s rally exceeded the retracement zone of this range at 88.57 to 89.46 before finding resistance at a downtrending Gann angle at 90.51. The morning action sugges...Dollar Feeling Pressure at the Mid−Session
The Dollar Index is unchanged at the mid-session, but in a position to weaken in sluggish trading. Adding to the weakness were reports that U.S. Jobless Claims rose last week by the largest amount in five weeks and U.S. Retail Sales were down. Both reports show that employment is still a major issue affecting the economy as well as consumer spending. Both reports also showed unexpected results. Traders seem to be pressing the Dollar because the economic data suggests the Fed will keep interest r...Dollar Finishes Lower in Lackluster Trade
The U.S. Dollar finished the day session lower in lackluster trading with very few highlights. Profit-taking overnight led to a lower opening, but news that S&P lowered the credit rating of Spain helped the Dollar limit losses. Later in the trading session, the Dollar reversed course and began to lose ground once again as traders reassessed the fundamentals and decided that the recent rally may have been overdone.Dollar Finishes Mixed Against Most Major
The U.S. Dollar finished mixed after a choppy trade on Tuesday. The Dollar began the day weak, but turned around following the release of mixed economic data. A sell-off in the stock market prompted traders to sell higher risk assets.Dollar Finishes Mixed in Sluggish Trading
The U.S. Dollar closed trading mixed after trading in a range most of the day following the release of a poor October jobs data report. The loss of 190,000 jobs was somewhat of a surprise. Traders were positioned for a loss of 175,000 jobs. The unemployment rate climbed to a 26-year high to 10.2% and the world didn’t fall apart. Traders either believe this is the bottom in unemployment or they have become complacent which could mean huge volatility is looming.Dollar Finishes Week in Strong Position; Focus Remains on EU/Greek Pact
The U.S. Dollar soared early Friday following a surprise 50 basis point hike in China’s bank reserve rate. Additional strength was provided by a better than expected U.S. Retail Report. The Dollar pared some of its gains after the University of Michigan Survey fell unexpectedly. Forex market trading has been erratic ahead of the week long Chinese holiday and the extended U.S. weekend.Dollar Gains Against All But Yen
Daily Review 23/11/2009USD Dollar (USD) – The Dollar finished the day and the week with gains across the board except against the Yen. The fall in stocks with an increase in risk aversion helped Greenback recover. Wall Street ended Friday in negative. The Dow Jones ended with a loss of 0.14%, The NASDAQ fell by -0.5% and the S&P 500 decreased by -0.32%. The Gold (XAU) rose and closed above the 1050$ an ounce. The Crude Oil closed almost unchanged near the 77.5$ a barrel. Today, The Existin...Dollar Gains Against the Euro and the Pound
Daily Review 12/10/2009USD Dollar (USD) – The Dollar gained versus the Euro and the Pound after positive outlook for the economy from Fed's Chairman Bernanke and better Trade Balance than forecast. Trade Balance came out better than expected with -30.7B versus -32.8B forecast, showing an unexpected narrowing in the US trade deficit. NASDAQ rose by 0.72% and Dow Jones gained by 0.8%, Crude rose by 1.09% closing at 72.55$ a barrel, Gold (XAU) weakened by 0.55% closing at 1049.6$ an ounce. Today ...Dollar Gains as Investors Become More Risk Averse
The U.S. Dollar is trading firm at the mid-session. Trading has been thin and rangebound ahead of tomorrow’s Fed meeting and Thursday’s Bank of England and European Central Bank meetings. The Dollar opened up higher this morning based on a strong overnight trade. The Dollar gained strength after the Reserve Bank of Australia hiked its benchmark interest rate by 25 basis points. This was expected by traders, but the guidance offered by the RBA suggested that additional rate hikes were not ...Dollar Gains as Investors Shy Away from Risky Assets
The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.Dollar Giving Back Gains Ahead of U.S. GDP Report
Traders are selling the U.S. Dollar overnight ahead of today’s U.S. Third Quarter GDP Report. Pre-report estimates are for the report to show that the U.S. economy grew at a pace of 3.2%. This would mark the first increase in over a year.Dollar Holds Gain after Friendly Consumer Confidence Report
The U.S. Dollar managed to hold on to its gains after erasing earlier losses following the release of a friendly Consumer Confidence report. Although the reported figure of 52.9 was slightly less than estimates, it still reflected continuing strength in the economy. This morning the S&P/Case Shiller report on home prices was flat. There was almost no reaction to this report by Forex traders. Expect more of the same trading tomorrow as major players remain absent during the holiday wee...Dollar Holds on to Gains during Lackluster Session
The U.S. Dollar managed to hold on to its overnight gains despite a lackluster trading session. Following a couple of overnight events and intra-day economic reports, the Dollar remained range-bound as many large traders stood aside ahead of tomorrow’s Fed FOMC announcement. Traders are looking for the Fed to leave interest rates alone and to continue to leave them low for “a prolonged period of time”.Dollar Index Reaches 15 Month Low on Massive Selling Pressure
The U.S. Dollar Index reached a 15 month low on Monday following a massive sell-off against most major currencies. The Dollar has gone down since November 3 when it topped at a 50% price at 77.50. The 2008 bottoms at 73.79 and 73.67 are the next downside targets.Dollar Losing Ground against Most Majors
The U.S. Dollar is losing ground against most major currencies this morning as traders adjust positions following last week’s shift in sentiment out of higher yielding assets and this week’s slew of key economic reports and central bank meetings.Dollar May Not Keep Pace with Global Recovery
The U.S. Dollar fell sharply on Monday as bullish traders pared positions on the thought that the U.S. economy will not be able to keep pace with the global recovery. Before the Forex markets opened, China solidified itself as the driving force behind the global economic recovery when it reported more upbeat export news.Dollar Move Indicates Break from Risk Sentiment
This morning’s recovery in the U.S. Dollar could be a sign that risk sentiment may not be the driving force behind price action much longer. Investors may begin to use positive economic reports as a reason to buy the Dollar rather than higher yielding assets.The EUR USD is trading weaker at the mid-session. The improving U.S. economy and lingering debt issues in Greece, Portugal and Spain are likely to continue to pressure the Euro. Longer-term charts indicate a move to 1.3800 is likely.The Br...Dollar Rallies as Traders Turn Risk Averse Overnight
The Dollar is showing signs of strength this morning. This could be an indication that traders have out yesterday’s friendly GDP Report behind them and are looking at the future of the economy. The Dollar traded weaker yesterday after the U.S. Third Quarter GDP came out better than expected. Looking at the chart formations, however, it doesn’t look like any markets made any significant changes in trend. It looks as if traders were adjusting positions after the Dollar...Dollar Rallies to New High Following Upbeat Fed Announcement
The U.S. Dollar rallied to a new high for the year after the FOMC announcement offered an upbeat assessment of the economy. While just about everyone knew the Fed would keep interest rates unchanged at near 0% for a prolonged period of time, traders did take note of the change in its language when it said “the pace of economic activity is likely to be moderate for a time”. This was better news than the statement in December which read “economic activity is likely to remain weak for...Dollar Rally Pressuring Equities
An intraday rally in the Dollar is helping to pressure U.S. stock index futures. Traders are jumping in the Dollar for safety and out of higher risk assets. Fears that a global debt crisis is building is causing traders to seek shelter in the Dollar. End of the year selling is also pressuring stocks as traders are taking money off the table rather than risk a substantial correction in their portfolios. Despite the firming Dollar, March Treasury Bonds and Notes are trading lower. This could be...Dollar Remains Lower as Fed Time Nears
The U.S. Dollar is still trading on the weak side at the mid-session as traders await the Fed’s monetary policy decision. The Fed is expected to leave its benchmark interest rate at 0.25%; the argument is whether it will alter the language its policy statement to represent positive changes in the U.S. economy. Bullish Dollar traders are looking for the Fed to lean more toward the hawkish side. These traders have increased bets the last few days that the Fed would soften the language of its l...Dollar Rises as Investors Cut Exposure to Higher Yielding Assets
The U.S. Dollar is up sharply against most major currency as investors continue to cut exposure to higher risk and higher yielding assets. Some traders are calling this the start of a major bottom. Others feel that this is end-of-the-year liquidation and profit-taking after a prolonged move down.It is also possible that this is the start of a short-squeeze which could lead to a massive short-covering rally. Over the past few months traders have jumped onboard the “short Dollar” train because...Dollar Rises, But Not Against JPY
Daily Review 27/01/2010 USD Dollar (USD) – The Dollar rose across the board with the exception of the Yen. Worries about the economic recovery pushed the demand for safe assets, despite an increase in consumer confidence that came out 55.9 better than expected 53.5. Wall Street finished almost unchanged. Dow Jones lost -0.03% and the NASDAQ fell -0.32% as better-than-expected data on consumer confidence was not enough for investors. Crude oil is back below $75 a barrel. Gold (XAU) trades near...Dollar Soars as China Surprises Markets with Reserve Requirement Hike
The U.S. Dollar is soaring as China surprised the Forex markets with a 50 basis point hike in its bank reserve requirements. This move by China is an attempt to cool credit without tightening interest rates. The intention of China’s central bank is not to derail the economy but to preserve its expansion. The easy flow of stimulus money has created a potentially overvalued real estate and housing bubble in China. This morning’s move by China to raise bank reserves by 50 basis points on Febru...Dollar Soars as Euro Plunges on Greece Downgrade
The U.S. Dollar is surging against a basket of trade weighted currencies overnight following the news that the S&P Corp. downgraded Greece’s credit rating for the second time this year. This news has been particularly bearish for the Euro as it raises the possibility that more downgrades of Euro Zone sovereign debt are to follow. Investors now fear that the spread of bad debt throughout the region could trigger serious problems banking issues, curtailing the current economic recover...Dollar Softens Overnight as Traders Reduce Bets
The U.S. Dollar is trading softer overnight as traders reduced long positions ahead of today’s Federal Open Market Committee meeting. The Fed is expected to leave its benchmark interest rate at 0.25%; the argument is whether it will alter the language its policy statement to represent positive changes in the U.S. economy.Dollar Strength Weighing on Stocks
The threat of higher interest rates because of the better than expected U.S. Retail Sales Report, helped knock the stock index futures off their highs. Traders, however, did not give up on the long side and bought a late morning dip. The reversal of the carry trade, where investors sell stocks to pay back borrowed Dollars, could trigger a sharp sell-off late in the session. Holding above 1106.00 will be a sign of strength.March Treasury Bonds and Treasury Notes are feeling downside pressure f...Dollar Strengthening as Equity and Commodity Markets Weaken
The stronger Dollar is putting pressure this morning on both equity and commodity markets as traders dump risky assets for the safe-haven Dollar. Equity markets were down in Asia and Europe. This weaker trend is expected to spillover to the U.S. stock markets. The December E-mini S&P 500 is in a position to post a weekly closing price reversal which could be a strong sign that sentiment will be shifting to the downside for the next 2 to 3 weeks.Dollar Strengthens as Sentiment Shifts Toward Safety
After trading relatively flat in the hours before the New York opening, the U.S. Dollar strengthened as sentiment shifted back toward safety. Late yesterday and overnight, the Dollar appeared to be ready to weaken as demand for higher risk assets began to pick up.Dollar Trades Flat Ahead of U.S. Non−Farm Payrolls
The U.S. Dollar and equity markets traded in a relatively tight range overnight ahead of this morning’s U.S. employment report. Traders are looking for an improvement today from the November report. Guesses are for a job loss of “only” 125,000 and for the unemployment rate to hold steady at 10.2 percent. There is some debate as to whether this is the low for the unemployment rate. At this time the consensus agrees the rate will stay the same this month, but is like...Dollar Trading Lower Ahead of U.S. Jobs Data
The U.S. Dollar is trading lower ahead of this morning’s U.S. jobs data report. Today’s Non-Farm Payrolls Report is expected to loss in October of about 175,000 jobs. The key will be how investors react if the unemployment rate reaches or exceeds 10%. Some say this figure is built into the market.Dollar Trading Mixed Against Major Currencies
The U.S. Dollar is trading mixed against most major currencies after a volatile, two-sided overnight trade. Thinning trading conditions and position squaring ahead of this Friday’s U.S. Non-Farm Payrolls Report is having an influence on this week’s trading action.Dollar Trading Mixed Against Most Majors
The U.S. Dollar is trading mixed versus a basket of major currencies at the mid-session. This morning’s better than expected initial claims report helped pressure the Dollar as it renewed interest in higher yielding assets. The rally fizzled when buying dried up. Position evening ahead of tomorrow’s U.S. Non-Farm Payrolls Report is most likely the cause of the drop in volume and interest on the short-side of the Dollar. The EUR USD is managing to hold on to gains despite a failure to tak...Dollar Trading Mixed Before New York Opening
The U.S. Dollar is trading mixed against most major currencies this morning ahead of the New York session opening. Traders will be taking early cues from the equity markets as earnings continue to dominate the news. Later during the trading session, the markets are likely to react to the release of the Fed’s Beige Book.Dollar Trading Mixed at Mid−Session
The U.S. Dollar is trading mixed at the mid-session with no clear theme at this time. Traders may be choosing to stand on the sidelines or lighten-up positions during the two days leading up to the Fed FOMC meeting on January 27.The EUR USD is holding on to its early morning gains at the mid-session. Gains are being limited by traders taking a precautionary view on developments regarding the Greece budget problem.The GBP USD is strengthening since the New York opening. Oversold conditions and po...Dollar Tumbles on Stronger PMI Number
The U.S. Dollar opened the overnight trade better but turned lower following a strong PMI number out of China. The New York opening was weak but the Dollar accelerated to the downside after the release of a better than expected U.S. PMI Report. This report showed that the U.S. economy was expanding.Although the Dollar weakened on the news, the selling action was not enough to change the trend to down, but merely indicates a technical retracement of last week’s sharp rally.While the Dollar is ...Dollar Up after Yesterday's Reversal Bottom
The U.S. Dollar rallied overnight following yesterday’s closing price reversal bottom. The first objective was met at 77.77. Upside momentum took the market to the upper end of the retracement range at 77.93. The Dollar may run into some resistance in this area, but a lot will be determined by today’s ADP jobs report and ISM Service report.Dollar Weakens as Investors Seek Higher Yields
The Dollar is trading weaker at the mid-session as investors sought higher yielding assets amid news that the U.S. economy may be improving. This morning’s reports showing that private sector job losses had slowed and that the service sector of the economy improved helped encourage investors to demand higher risk investments.Today’s weakness is taking place after the U.S. Dollar rallied overnight after yesterday’s closing price reversal bottom. The first objective was met at 77.77. Upside ...Dollar Weakens on Profit−taking and High Volatility
The U.S. Dollar is trading mixed at the mid-session as profit-taking and volatility dominate the trade. Earlier in the session, the U.S. Dollar surged as traders took protection against a shift in China’s expansionary monetary policy.The overnight announcement, that China’s economic growth and inflation figures exceeded expectations fueled speculation that it was poised to begin restricting loans and ending stimulus. Fear that the economy may overheat triggered demand for lower yielding asse...Dollar Weakness Boosts Commodity and Equity Demand
The weaker Dollar is helping to boost commodity and equity demand as investors are once again feeling comfortable with taking on more risk. U.S. equity markets opened higher as expected. The current rally in the December E-mini S&P 500 has this market in a position to test the most recent top at 1112.25. Upside momentum seems strong enough to pop through this resistance. The next target for this rally is the major 50% price level at 1122.00.The strength is in the December E-mini Dow whic...Dollar could be reaching the Rubicon
Looking at the Dollar Index, there is evidence that the long term trend is breaking down as the price action is now on the opposite side of the line. There is always a chance the price action could trail down further using the line as support, however this usually signals a limited move.Dollar could gain more this week − Critical juncture on Index
Last week the dollar gained as the week ended with a significant move back to the resisting trend-line on the USD Index. I would say that price action above 77.45 is what could signal a change in trend. So expect further dollar strength in the next day or two and longer term if the price breaks out above 77.45.Dollar gained against most majors
Daily Review 15/02/2010 USD Dollar (USD) – The Dollar posted small gains against most of the majors after Retail Sales data came out 0.5% better than expected 0.4% but eased part of the gains after The Michigan Consumer Sentiment Index came out 73.7 worse than expected 74.8. Walls Street closed mixed with NASDAQ advancing 0.28% and the Dow Jones lost -0.44%. Crude oil fell and closed at 74.2$ a barrel, Gold (XAU) almost unchanged closed at 1092.8$ an ounce. Today, US banks will be closed in o...Dollar has weakened versus most majors
Daily Review 11/02/2010 USD Dollar (USD) – The Dollar gained against most majors after Federal Reserve Chairman Ben S. Bernanke said the central bank may raise the discount rate “before long” as part of the “normalization” of Fed lending, in addition, Trade Balance came out worse than expected at -40.2B vs. -35.8B forecast. NASDAQ and Dow Jones weakened by 0.14% and 0.20% respectively, Crude oil rose by 0.9% closing at 74.5$ a barrel, Gold(XAU) decreased by 0.4% closing at 1073$ an...Dollar rallies as China asks Banks to Curb Lending
The U.S. Dollar surged against most major currencies as investors sought refuge in lower-yielding currencies following the announcement by China that it was asking banks to curb lending for the rest of the month.Dollar strength still not a given... But
I don't think there is much downside left on the USD but the price action is still not clearly Bullish USD. My view is that although more correction may take place however until we clearly change direction in a big way it is tough to call a Dollar Bottom.Dollar trying to break−out. Will this be the week?
Long term trends by their nature don't turn easily. The last two weeks we have seen counter trends and we have reversed to about half of the original gain by the USD. There are many arguments to be made for both a weak and/or a strong Dollar going forward.Dollar under Little Pressure Following Uneventful Night
The U.S. Dollar is trading under a little pressure following an uneventful night session. This could be an indication on how the market is expected to trade the rest of the week ahead of Friday’s U.S. employment report. This report which is now being treated as a leading indicator is expected to show a slight increase because of government hiring of census workers. Early guesses are for government hiring to contribute to a slight gain in January.Dollar's Rise May Be Indication of Improved U.S. Payrolls
The U.S. Dollar is holding on to its early morning gains at the mid-session. This morning’s weekly initial claims report showed that fewer workers filed for unemployment benefits last week. The ability to hold on to its gains this late in the trading session may be an indication that investors are anticipating a friendly U.S. Non-Farm Payrolls Report on Friday. Volume has dropped off noticeably which is a strong indication that the ranges for the day have been made.The U.S. Dollar erased early...Dollar/Yen moves in the second half of last year were a bit bigger than we had expected
Comment: Dollar/Yen moves in the second half of last year were a bit bigger than we had expected as the ‘carry trade’ (in its many guises) unwound amid the biggest global financial mess. This year should prove equally tough, so at least we cannot blame the element of surprise. During Q1 2009 USD/JPY should hold above the pivotal 85.00 area, with rallies probably capped at 96.00 initially although a push towards 100.00/102.00 some time early in Q2 cannot be completely ruled out. Before the e...Double-Bottom Patterns
Learn what a double bottom trading trend pattern is and be on your way to mastering the forex trading marketDouble-Top Patterns
The double top Forex trading pattern is explained in this guide, so read on and see how to recognize such figures.Dow Jones Closes at Highest Level in 13 Months
Daily Review 24/11/2009USD Dollar (USD) – The rally in Europe and Wall Street put pressure on the Dollar that fell across the board and rose only against the Yen. The existing home sales data that came at 6.1M, better than the 5.7M expected and comments about interest rate staying at low levels for some time fueled stocks. Dow Jones closed at the highest level in 13 months and ended the session with a gain of 1.29%. NASDAQ rose by 1.4% and the S&P 500 increased by 1.36%. Gold (XAU) posted...Downtrend Strategy
This is an excellent guide that uses forex trading downtrend strategy to teach you how to invest in the market the best way possible.During November, the GBPUSD has been moving along the Andrws' Pitchfork
Good morning from cold Hamburg and welcome to our FX Report. Today we are going to report about the JPY and the GBP after losses in stocks in the Far East and economic data from UK. However, have a nice trading day and good luck.Dynamic price increases on the gold market
The price of gold continues to increase and now stands at 1165 USD per ounce. This is due to the weakening dollar and increased interest from investors in the gold market. In the third quarter demand for gold increased by 15% compared to the previous quarter, however, comparing to the same quarter of last year, when gold reached record highs because of the deepening global crisis, it is a decrease of 34%. Comparing the average demand for gold in the last 5 years, the demand decline is only 4%. ...EUR Continues Falling
Daily Review 14/12/2009USD Dollar (USD) – The Dollar continued rallying versus most majors on Friday after Retail Sales and Michigan's Consumer Sentiment came out stronger than expected signaling economy is recovering improving Fed Rate Outlook. NASDAQ ended almost flat with -0.03% change and Dow Jones gained by 0.63%. Crude weakened by -1.39% dropping below 70$ for the first time since October closing at 69.87$ a barrel and Gold (XAU) dropped by -0.91% closing at 1114.55$ an ounce on a strong...EUR Falls to Five Month Low
Daily Review 21/01/2010 USD Dollar (USD) – The Dollar strengthened versus most majors after the TIC Long-Term Purchases hit estimates and Building permits in the U.S. unexpectedly jumped in December, coming at 0.65M vs. 0.59M forecast and Wholesale prices in the U.S. rose at a slower pace in December, showing the economy is recovering without the immediate threat of inflation. NASDAQ and Dow Jones fell by 1.25% and 1.14% respectively. Crude oil dropped by 1.78%, closing at 77.62$ a barrel an...EUR Gains Versus the USD
Daily Review 05/01/2010USD Dollar (USD) – The Dollar weakened versus the Euro and the Yen and gained versus the Pound as more signs of recovery raise demand for higher yielding currencies. ISM Manufacturing PMI came out stronger than expected with 55.9. NASDAQ and Dow Jones jumped by 1.73% and 1.50% respectively on the first trading day of 2010. Crude gained by 2.73% closing at 81.53$ a barrel and Gold (XAU) strengthened by 2.26% closing at 1120$ an ounce on weaker Dollar and higher demand for...EUR Gains Versus the USD
Daily Review 16/09/2009 US Dollar (USD) – The Dollar weakened versus the Euro and gained versus the Pound and Yen after Retail Sales jumped the most in three and a half years encouraging risk appetite. Retail Sales rose by 2.7% exceeding the 1.9% expected and -0.1% prior and the PPI gained by 1.7% beating 0.9% forecast and -0.9% prior. Fed's Chairman Bernanke said recession is probably over but unemployment is still at high levels. NASDAQ and Dow Jones gained by 0.52% and 0.59% accordingly a...EUR Tumbled Versus the USD
Daily Review 8/2/2010USD Dollar (USD) – The Dollar gained versus all majors except the Yen after investors continued to flee stock, commodities and other higher risk assets and turned to the safety of the Dollar. Non Farm Employment Change came out worse showing 20K more workers lost their job, but Unemployment Rate came out 9.7% better than 10% expected. NASDAQ and Dow Jones gained by 0.74% and 0.1% respectively after a volatile trading session mostly on the negative end. Crude Oil dropped by...EUR USD Plunges on Concerns Greece Fiscal Problems Could Escalate
The EUR USD closed sharply lower, pressured by concerns that despite the proposal of a new budget plan, Greece lacks the means to deal with its deficit issues on its own. Fears were also being raised that the fiscal problems in Greece are not isolated and may spread throughout the Euro Region should it default on its debt. Risk aversion set in and traders bailed out of the Euro as they sought protection against the possibility of a collapse in Greece.EUR USD Showing Strength on Reports of Impending Greek Rescue
Appetite for risky assets is helping to drive down the U.S. Dollar at the mid-session. Profit-taking and fresh selling is apparent as investors adjust their portfolio positions in anticipation of a resolution to the sovereign debt problems in Greece and the neighboring Euro Region.At this time, the resolution appears to be specifically designed for Greece. Investors are still skeptical as to whether similar problems in Portugal and Spain will get the same treatment. These concerns could be helpi...EUR USD Trading Weaker as Trichet Talks Up Dollar
The EUR USD is trading sharply lower at the mid-session after European Central Bank President Trichet talked up the Dollar. Once again it looks like the Euro is failing slightly above the $1.5000 area. The high for the year at 1.5063 in October has repelled all recent attempts to break this level. Traders seem fearful that the ECB may take stronger action other than verbal intervention to force the Euro lower.The GBP USD is trading under pressure at the mid-session. Yesterday’s rally was tr...EUR USD dragged Down by Greece's Debt Woes
The EUR USD is taking a beating at the mid-session. This latest round of weakness is being triggered by mounting concerns about Greece’s ability to resolve its debt issues. Traders expect the European finance ministers to hold their ground and maintain that Greece solves its own problems. This could be an indication that this problem will persist as Greece is having problems reaching a budget solution.Additional selling pressure is coming from the news that German investor confidence declined ...EUR USD has Green Light to Test High for Year
At the mid-session, the EUR USD is posting a large gain. Yesterday’s supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide. Matters weren’t helped after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery. This comment gave traders the green light to drive the currency higher.The GBP USD is trading lower at the mid-session. This is either being triggered by a negative reaction to ...EUR Weakens Versus USD and GBP
Daily Review 18/11/2009USD Dollar (USD) – The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production came out 0.1% versus 0.4% expected. PPI came out weaker with 0.3% versus 0.6% forecast. TIC Long-Term Purchases came out better with 40.7B versus 27.3B expected. NASDAQ and Dow Jones rose slightly by 0.27% and 0.29%. Crude gained by 0.68% closing at 79.44$ a barrel and Gold (XAU) remained almost unchanged with 0.16% change closin...EUR weakens to USD
Daily Review 11/11/2009USD Dollar (USD) – The Dollar rose during Europe session on speculation demand for riskier assets will drop. NASDAQ decreased by 0.14% and Dow Jones slightly rose by 0.20%. Crude oil declined by 0.5% closed approximately to 79$ a barrel. Gold (XAU) rose by 0.1% closed at 1102.5$ an ounce. There are no data today due to bank holiday. EURO (EUR) –The Euro weakened versus the Dollar after German investor confidence declined more than economists forecast in November as the...EUR/CAD
Comment: Very much a currency pair of two halves, where since the Euro’s introduction half the time it trades in an upper band (1.5000 to 1.7000), and the other half of the time it moves messily between 1.5000 and 1.3000 (two standard deviations from the mean at 1.5050). December’s close just above 1.5000 is slightly inconclusive despite the rather top-heavy formation of 2009. This month’s drop to match the October 2008 low at 1.4670 has put the Euro into oversold territory against the Can...EUR/CHF
Comment: It would appear that the Swiss National Bank is re-thinking its efforts to weaken the Swiss franc. Though still trading above the level where they first intervened in March last year, prices have already closed for three consecutive weeks below the 1.5000 they had subsequently tried to protect. All elements of this Ichimoku ‘cloud’ chart point to a short position, with bearish momentum likely to increase dramatically on a weekly close below 1.4640. A drop to 2001’s low at 1.4400 ...EUR/GBP
Comment: Last week’s ‘bearish engulfing’ candle with a ‘spike high’ at its top suggests that an immediate meltdown in the value of sterling has been postponed, and maybe averted for the rest of this year. However, as we remain just a whisker away from the all-time low on the Bank of England’s Trade Weighted basis there is absolutely no room for complacency. While above 0.8400, two standard deviations from the equivalent long term mean at 0.7135, the danger is that EUR/GBP will be dr...EUR/JPY: Attempt shorts at 134.00; stop above 135.85
Comment: Rallying more quickly and more strongly that we had though possible as the Euro bounces from Fibonacci and channel support. We continue to see the latest decline as corrective but are not sure where and how long it will take to form a new interim base. This process could take a couple of weeks so probably no need to rush in too quickly.EUR/JPY: Attempt shorts at 134.70/135.00; stop above 135.25
Comment: Very close to this year’s high at 1.5064 amid generalised US dollar weakness. The Euro is not overbought and bullish pressure has increased slightly, as should implied volatility. High futures volume over the last two weeks suggest many are new to the party.EUR/JPY: Attempt shorts at 135.45; stop above 137.55
Comment: Dropping to the 26-day at 1.4770, giving up 50% of the most recent gains. The Euro is no longer overbought and bullish momentum is almost nil. Expect it to try and hold at current levels today.EUR/JPY: Attempt small shorts at 134.50; stop above 135.25
Comment: The Euro found support from Fibonacci retracement as Antipodean currencies gap higher over the weekend. Bullish pressure has increased slightly, as should implied volatility. Strategy: Attempt small longs at 1.4935, adding to 1.4825; stop below 1.4700. Short term target 1.4955/1.4995, eventually this year’s high at 1.5064.EUR/JPY: Possibly attempt small shorts at 124.10/124.50
Comment: Yesterday’s close above the 9-day moving average is the first small sign that Friday’s small ‘hammer’ with a low at 1.3532 might be an interim low point. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ on (hopefully) this week’s candle. Note that futures volume continues above average and open interest rising, suggesting many are late to the party.EUR/JPY: Possibly attempt tiny shorts at 133.20; stop above 135.55
Comment: Giving up 61% of the most recent gains prompting some to talk about a major turn in the US dollar’s fortunes. This is very premature as the Euro remains within its ‘channel’, moving averages and the Ichimoku ‘cloud’ suggesting a long Euro position. The Euro is almost oversold and momentum is nil. Very good volume in the futures market suggests those recently arrived at the party are bailing out of overly-aggressive positions. Allow for several weeks’ worth of correction an...EUR/JPY: Possibly attempt tiny shorts at 134.15; stop above 135.75
Comment: All elements on this chart suggest a long medium term position. Obviously in order to break to new highs strong daily and weekly closes are needed, here and in a series of other currencies.EUR/JPY: Sell at 123.80, adding to 124.45
Comment: Dropping to a new recent low at 1.3443 in an unstable ‘wedge’ formation. The Euro is terribly oversold though bearish momentum is at its strongest since December 2008. This is not the way moves usually start, instead is more like how they end with an ‘exhaustion gap’. Be very careful.EUR/JPY: Sell at 129.00, adding to 129.70
Comment: Dropping below the flat-topped Ichimoku ‘cloud’ because it drops suddenly to a trough next week. Approaching the 50% long term Fibonacci retracement support so watch how it might react here. The Euro is as oversold as it was in thin markets at Christmas and good futures volume suggests an element of panic.EUR/JPY: Sell at 130.18 adding to 131.00; stop above 132.45
Comment: Rather messy as the Euro loses ground (slowly) against a series of other European currencies. Futures positions are being re-built and volume has been fairly good so far this year, despite relatively narrow ranges, suggesting much speculation.EUR/USD, GBP/US & EUR/GBP−− Get Ready for a Possible Wild Ride Ahead of 2 Rate Decisions and other U.S. Data
EUR/USD has bounced off Key resistance just underneath the 200 hour moving average and downtrend support line all the way down to its current support level just around 1.3900. Look for next key support around 1.3850 with a breach there leading towards lower lows around 1.3739, and on to levels not seen since last Fe 2009 (1.3300/134.00 level) on daily charts. European Central Bank Rate Decision on Thursday (see calendar below) which could potentially have a very large impact o...EUR/USD: (1.3475) New reaction low on Fed's move
{image "Hourly_20100219070254.jpg"} New reaction low on Fed’s move and pair currently back below the daily channel off 1.5142 (bottom at 1.3603 today): Support area at 1.3453/ .3443 (daily envelope bottom/ today’s +new reaction low?), with next levels at 1.3417/ .3405 (daily Bollinger bottom/ 61.8% 2008 low to 1.5145), where pause favored. If wrong, next levels at 1.3382/ .3373 (redrawn daily channel bottom off 1.5142/ 2nd target of daily Flag break off 1.4218), ahead of 1.3362 (weekly enve...EUR/USD: (1.3569) Reapproaching 1.3532
{image "HourlyCharts_20100218064112.jpg"} Drop from 1.3789 puts the pair currently back below the daily channel off 1.5142 (bottom at 1.3627 today) and reapproaching 1.3532: Support area at 1.3557/ .3547 (today’s low?/ daily Stop And Reverse), with next levels at 1.3532/ .3530 (current reaction low off 1.5145 + daily envelope bottom/ weekly Bollinger bottom), ahead of 1.3504 (monthly envelope bottom), where pause favored. If wrong, next levels at 1.3460 (daily Bollinger bottom), ahead of 1.34...EUR/USD: (1.3637) New reaction low in channel off 1.4580
{image "forex_20100208064104.jpg"} Move back in the channel off 1.4580 sent the pair to a new reaction low, below the daily channel bottom off 1.5142 (1.3790 today) and has reapproached monthly break-up area of 1.3581,: Support area at 1.3621 (today‘s low?), with next levels ay 1.3585/ .3581 (current reaction low off 1.5145 + daily envelope bottom/ see above), where pause favored, amid overextended readings. If wrong, next level at 1.3560 (daily Bollinger bottom + daily Starc bottom), ahead o...EUR/USD: (1.3637) New reaction low in channel off 1.4580
{image "forex_20100208064104.jpg"} Move back in the channel off 1.4580 sent the pair to a new reaction low, below the daily channel bottom off 1.5142 (1.3790 today) and has reapproached monthly break-up area of 1.3581,: Support area at 1.3621 (today‘s low?), with next levels ay 1.3585/ .3581 (current reaction low off 1.5145 + daily envelope bottom/ see above), where pause favored, amid overextended readings. If wrong, next level at 1.3560 (daily Bollinger bottom + daily Starc bottom), ahead o...EUR/USD: (1.3637) New reaction low on Fed's move
{image "hourly_20100222065646.jpg"} New reaction low on Fed’s move but pair currently back in the daily channel off 1.5142 (bottom at 1.3582 today) and bullish engulfing last Friday: Support area at 1.3602 (today’s low?), with next levels at 1.3574 (break-up hourly), ahead of 1.3534/ .3514 (break-up hourly/ daily envelope bottom), where pause favored. If wrong, next levels at 1.3483 (reaction low hourly), ahead of 1.3454/ .3443 (daily Bollinger bottom/ reaction low off 1.5145) and 1.3405 (6...EUR/USD: (1.3669) Reapproached 1.3585
Next report should be on Feb 17 {image "TechnicalAnalysis_20100212071115.jpg"} Pair below Flag and reapproached 1.3585 (see graph) and currently back below the daily channel off 1.5142 (bottom at 1.3703 today),: Support area at 1.3653/ .3650 (reaction low hourly/ break-up hourly), with next levels at 1.3625 (daily envelope bottom), ahead of 1.3585/ .3581 (current reaction low off 1.5145/ long term break-up on monthly charts), where pause favored, amid overextended readings.If wrong, next levels...EUR/USD: (1.3706) Retesting channel top off 1.4580
{image "Hourly_20100209063455.jpg"} Rebound off 1.3585 retesting the channel top off 1.4580 (see graph), with pair below the daily channel bottom off 1.5142 (1.3772 today),: Support area at 1.3643 (reaction low hourly), with next levels at 1.3621 (current week low), ahead of 1.3585/ .3581 (current reaction low off 1.5145/ long term break-up on monthly charts), where pause favored, amid overextended readings. If wrong, next level at 1.3534/ .3529 (daily Bollinger bottom + daily envelope bottom/ ...EUR/USD: (1.3706) Still above channel off 1.4580
{image "hourly_20100205063426.jpg"} Move back in the channel off 1.4580 sent the pair to a new reaction low , below the daily channel bottom off 1.5142 (1.3808 today),: Support area at 1.3669/ .3668 (current reaction low off 1.5145/ daily envelope bottom), ahead of 1.3653 (Equality C wave off 1.4580), where pause favored, amid overextended readings. If wrong, next level at 1.3626/ .3611 (daily Bollinger bottom/ daily Starc bottom), ahead of 1.3581/ .3504 (long term break-up on monthly charts/ m...EUR/USD: (1.3742) In Flag off 1.3585
{image "TechnicalAnalysis_20100210080012.jpg"} Rebound off 1.3585 puts the pair in Flag (see graph) and toying back with the broken daily channel bottom off 1.5142 (1.3750 today),: Support area at 1.3718 (broken daily Short Term Moving Average↓), with next levels at 1.3692/ .3686 (reaction low hourly/ daily envelope bottom) and 1.3643/ .3621 (reaction low/ current week low), where pause favored, amid overextended readings. If wrong, next levels at 1.3585/ .3581 (current reaction low off 1.514...EUR/USD: (1.3775) Drop from 1.3840 retested broken channel top
{image "TechnicalAnalysis_20100217071112.jpg"} Drop from 1.3840 retested broken channel top off 1.4580 (see graph) and currently back in the daily channel off 1.5142 (bottom at 1.3650 today),: Support area at 1.3735/ .3730 (broken daily Medium Term Moving Average↓/ break-up hourly), with next levels at 1.3693/ .3674 (daily Short Term Moving Average↑/ daily envelope bottom), ahead of 1.3635 (break-up daily), where pause favored. If wrong, next levels at 1.3578 (current week low), ahead of 1....EUR/USD: (1.3796) Currently back in Flag off 1.3585
{image "TechnicalAnalysis_20100211064508.jpg"} Pair currently back in Flag off 1.3585 (see graph) and back in the daily channel off 1.5142 (bottom at 1.3730 today),: Support area at 1.3728/ .3725 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.3676/ .3658 (reaction low hourly/ daily envelope bottom) and 1.3621 (current week low), where pause favored, amid overextended readings. If wrong, next levels at 1.3585/ .3581 (current reaction low off 1.5145/ long term br...EUR/USD: (1.3796) Currently back in Flag off 1.3585
{image "TechnicalAnalysis_20100211064508.jpg"} Pair currently back in Flag off 1.3585 (see graph) and back in the daily channel off 1.5142 (bottom at 1.3730 today),: Support area at 1.3728/ .3725 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.3676/ .3658 (reaction low hourly/ daily envelope bottom) and 1.3621 (current week low), where pause favored, amid overextended readings. If wrong, next levels at 1.3585/ .3581 (current reaction low off 1.5145/ long term br...EUR/USD: (1.3889) Still above channel off 1.4580
{image "HOURLY_20100204063131.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low and tested the daily channel bottom off 1.5142 (1.3832 today), but currently still above channel from 1.4580 (see graph): Support area at 1.3866 (reaction low hourly), with next levels at 1.3851 (current reaction low off 1.5145), ahead of 1.3838/ .3832 (daily envelope bottom/ see above), where pause favored, amid overextended readings. If wrong, next level at 1.3783/ .3765 (Irregular B...EUR/USD: (1.3928) In channel off 1.4580
{image "Forex_20100202064012.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) but failed so far to extend below the daily channel bottom off 1.5142 (1.3873 today). Support area at 1.3873 (see above + break-up hourly), with next levels at 1.3851/ .3843 (current reaction low off 1.5145/ daily envelope bottom), where pause favored, amid overextended readings. If wrong, next level at 1.3788/ .3873 (daily Bollinger bottom/ broken da...EUR/USD: (1.3936) Below bearish Flag off 1.4218
{image "hourly_20100201062303.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) and trying to extend below the daily channel bottom off 1.5142 (1.3893 today). Support area at 1.3852 (today’s + current reaction low off 1.5145?), ahead of 1.3819 (daily Bollinger bottom), where pause favored, amid overextended readings. If wrong, next level at 1.3781 (daily envelope bottom), ahead of 1.3764/ .3748 (daily Starc bottom/ June 2009 l...EUR/USD: (1.3936) Below bearish Flag off 1.4218
{image "Hourly_20100129063124.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) and testing daily channel bottom off 1.5142 (1.3915 today). Support area at 1.3912 (today’s + current reaction low off 1.5145?), ahead of 1.3891/ .3888 (daily Bollinger bottom/ daily envelope bottom), where pause favored, amid overextended readings. If wrong, next level at 1.3835 (weekly projection band bottom), ahead of 1.3808 (daily Starc bottom)...EUR/USD: (1.3958) Above channel off 1.4580
{image "hourly_20100203063910.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low and tested the daily channel bottom off 1.5142 (1.3851 today), but currently above channel from 1.4580 (see graph): Support area at 1.3924 (reaction low hourly), with next levels at 1.3886/ .3873 (reaction low hourly + daily envelope bottom/ break-up hourly) and 1.3851 (current reaction low off 1.5145 + see above), where pause favored, amid overextended readings. If wrong, next level a...EUR/USD: (1.4015) Below bearish Flag off 1.4218
{image "hourly_20100128064133.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) and tested daily Bollinger bottom + daily envelope bottom (1.3957). Support area at 1.3938/ .3930 (daily channel bottom off Dec high/ today’s + current reaction low off 1.5145?), where pause favored. If wrong, next level at 1.3842/ .3828 (weekly projection band bottom/ daily Starc bottom): tough on 1st tests. Resistance at 1.4054 (reaction high hou...EUR/USD: (1.4055) Below bearish Flag
{image "HOURLY_20100127062710.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph). Support area at 1.4042/ .4029 (current week low/ current reaction low off 1.5145), with next levels at 1.4011/ .4007 (daily envelope bottom/ daily Bollinger bottom + Fibonacci Fan Line on weekly charts + 5th hourly off 1.4580), where pause favored. If wrong, next level at 1.3959 (daily channel bottom off Dec high + monthly Medium Term Moving Average↑): tough on 1st tests. Resistan...EUR/USD: (1.4081) Below bearish Flag
{image "Hourly_20100126061931.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph). Support area at 1.4066/ .4063 (break-up hourly/ daily envelope bottom), with next levels at 1.4048/ .4046 (daily Bollinger bottom/ weekly envelope bottom, where pause favored. If wrong, next levels at 1.4029/ .4007 (current reaction low off 1.5145/ Fibonacci Fan Line on weekly charts + 5th hourly off 1.4580 ): tough on 1st tests. Resistance at 1.4158 (breakdown hourly), with next l...EUR/USD: (1.4095) Below bearish Flag
{image "HOurly_20100121061743.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with 2nd target off 1.4626 (neckline daily Double Top) having been met (1.4107). Support area at 1.4067/ .4060 (today’s low? + daily projection band bottom/ 1st target of broken daily Flag break off 1.4218), with next level at 1.4045 (Aug 17 low), where pause favored. If wrong, next levels at 1.4007/ .4003 (5th wave hourly off 1.4580/ daily envelope bottom): tough on 1st tests. R...EUR/USD: (1.4123) Below bearish Flag
{image "hourly_20100122062259.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with daily Bollinger bottom at 1.4105 being toyed with. Support area at 1.4068 (today’s low?), with next levels at 1.4029 (current week low + daily projection band bottom), ahead of 1.4007 (5th wave hourly off 1.4580), where pause favored.If wrong, next levels at 1.3971/ .3965 (daily envelope bottom/ monthly Medium Term Moving Average↑): tough on 1st tests. Resistance at 1.4144...EUR/USD: (1.4163) Below bearish Flag
{image "Hourly_20100125062815.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph). Support area at 1.4125 (reaction low hourly), with next levels at 1.4090/ .4086 (weekly Bollinger bottom/ 50 Week Moving Average↑ + daily Bollinger bottom), where pause favored. If wrong, next levels at 1.4046 (weekly envelope bottom), ahead of 1.4029/ .4025 (current reaction low off 1.5145/ daily envelope bottom): tough on 1st tests. Resistance at 1.4182 (reaction high hourly), w...EUR/USD: (1.4182) Below bearish Flag
{image "hourly_20100120062503.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with 1st target off 1.4626 (neckline daily Double Top) having been met (1.4180), with 2nd one at 1.4107.Support area at 1.4166 (today’s low?), with next levels at 1.4130 (daily Starc bottom), ahead of 1.4107 (see above), where pause favored. If wrong, next levels at 1.4085/ .4070 (monthly envelope bottom/ 38.2% 2008 low to 1.5145): tough on 1st tests; Resistance at 1.4266 (breakd...EUR/USD: (1.4306) Testing Flag bottom
{image "hourly_20100108061927.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Testing Flag bottom (see graph): Support area at 1.4282 (reaction low hourly), with next levels at 1.4257/ .4251 (current week low/ daily envelope bottom + 200 Day Moving Average↑), where pause favored. If wrong, next level at 1.4218 (reaction low off 1.5...EUR/USD: (1.4355) Failed to extend above 1.4459
{image "hourly_20100106062250.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Support area at 1.4327/ .4318 (break-up hourly/daily envelope bottom), ahead of 1.4293 (see graph: Flag bottom), where pause favored. If wrong, next level at 1.4257/ .4249 (current week low/ daily Fibonacci Fan Line off 2005 low), ahead of 1.4238/ .4218 (2...EUR/USD: (1.4390) Rebound off 1.4218 in Flag
{image "hourly_20100119062754.jpg"} Rebound off 1.4218 in Flag (see graph) and reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4360 (see graph: Flag bottom), with next levels at 1.4335 (current week low), ahead of 1.4309/ .4303 (daily envelope bottom/ 76.4% 1.4218 to 1.4580), where pause favored. If wrong, next levels at 1.4289 (200 Day Moving Average↑), ahead of 1.4269/ .4257 (daily Bollinger bottom/ Jan 04 low) and 1.4218/ .4210 (reaction low off 1.5145/ wee...EUR/USD: (1.4390) Rebound off 1.4218 in Flag
{image "hourly_20100119062754.jpg"} Rebound off 1.4218 in Flag (see graph) and reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4360 (see graph: Flag bottom), with next levels at 1.4335 (current week low), ahead of 1.4309/ .4303 (daily envelope bottom/ 76.4% 1.4218 to 1.4580), where pause favored. If wrong, next levels at 1.4289 (200 Day Moving Average↑), ahead of 1.4269/ .4257 (daily Bollinger bottom/ Jan 04 low) and 1.4218/ .4210 (reaction low off 1.5145/ wee...EUR/USD: (1.4398) Drop from 1.5145 puts pair below 1.4800 and 1.4625
{image "Analysis_20091217062311.jpg"} Drop from new year high puts the pair below daily Uptrendline off June low (1.4690 today), with Double Tops off 1.4800 and 1.4626 (see graph) and end of year position squaring.Support area at 1.4369/ .4363 (today’s + current week low?/ Sept break-up daily charts), where pause favored.If wrong, next levels at 1.4329/ .4310 (daily projection band bottom/ daily Starc bottom): tough on 1st tests.Resistance at 1.4421/ .4450 (broken daily Bollinger bottom/ brea...EUR/USD: (1.4398) Failed to extend above 1.4459
{image "Hourly_20100107063327.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Support area at 1.4357 (daily envelope bottom + daily Medium Term Moving Average↑), ahead of 1.4300 (see graph: Flag bottom), where pause favored. If wrong, next level at 1.4282 (reaction low hourly), ahead of 1.4257/ .4244 (current week low/ daily Fibona...EUR/USD: (1.4421) In Flag
Next report should be on Jan 19 {image "hourly_20100115072154.jpg"} Rebound off 1.4218 tested Flag top (see graph) and daily Long Term Moving Average↓/daily Bollinger top (1.4522/ .4533), with pair having reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4410/ .4405 (daily Medium Term Moving Average↑/ reaction low hourly), with next levels at 1.4385/ .4376 (daily Bollinger midline/ broken weekly Short Term Moving Average↓), where pause favored. If wrong, next...EUR/USD: (1.4460) Trying to extend above 1.4459
{image "hourly_20100105085653.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Support area at 1.4404 (today’s low?), with next levels at 1.4360/ .4346 (daily Short Term Moving Average↑/ daily Medium Term Moving Average↑ + daily envelope bottom), where pause favored. If wrong, next level at 1.4327 (break-up hourly): tough on 1st...EUR/USD: (1.4487) Tested Flag Top
{image "Forex_20100113070227.jpg"} Rebound off 1.4218 tested Flag top (see graph), but pair still below the neckline of a daily Double Top off (1.4626: 1st target at 1.4188 having been approached on drop from last year high). Support area at 1.4453/ .4444 (reaction low hourly/ daily envelope bottom + daily Short Term Moving Average↑), with next levels at 1.4427 (break-up hourly), ahead of 1.4393 (broken weekly Short Term Moving Average↓ + daily Medium Term Moving Average↑) and 1.4371 (dai...EUR/USD: (1.4489) Tested Flag Top
{image "Forex_20100112061917.jpg"} Rebound off 1.4218 tested Flag top (see graph), but pair still below the neckline of a daily Double Top off (1.4626: 1st target at 1.4188 having been approached on drop from last year high). Support area at 1.4453 (today’s low?), with next levels at 1.4432/ .4427 (daily envelope bottom/ daily Short Term Moving Average↑ + break-up hourly), ahead of 1.4393/ .4386 (broken weekly Short Term Moving Average↓/ daily Medium Term Moving Average↑) and 1.4373 (da...EUR/USD: (1.4510) Tested Flag Top
{image "hourly_20100111063852.jpg"} Rebound off 1.4218 testing daily Bollinger top (1.4526), but pair still below the neckline of a daily Double Top off (1.4626: 1st target at 1.4188 having been approached on drop from last year high). Tested Flag top (see graph): Support area at 1.4404/ 1.4393 (daily Short Term Moving Average↑/ broken weekly Short Term Moving Average↓): ideal area to stay above to keep current better mood on €.. If unable to hold, next level at 1.4375 (daily Bol...EUR/USD: (1.4533) Drop from 1.5145 puts pair below 1.4800 and 1.4625
{image "Analysis_20091216062948.jpg"} Drop from new year high puts the pair below daily Uptrendline off June low (1.4683 today), with Double Tops off 1.4800 and 1.4626 (see graph). Support area at 1.4503/ .4495 (current week low/ daily Bollinger bottom), with next levels at 1.4480 (Oct low + 23.6% 2008 low to 1.5145) and 1.4455/ .4446 (daily envelope bottom + 2nd target off 1.4800/ 50% June low to 1.5145): tough on 1st tests. Resistance at 1.4592/ .4614 (daily Downtrendline off year high + dail...EUR/USD: (1.4545) Retesting Flag Top
{image "Hourly_20100114063125.jpg"} Rebound off 1.4218 retesting Flag top (see graph) and daily Long Term Moving Average↓ + daily Bollinger top (1.4540), with pair having reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4493 (daily Short Term Moving Average↑), with next levels at 1.4472/ .4464 (reaction low hourly/ daily envelope bottom), ahead of 1.4327 (break-up hourly). 1.4393/ .4382 (broken weekly Short Term Moving Average↓/ daily Bollinger midline): ide...EUR/USD: (1.4708) Drop from 1.5145 puts pair below 1.4800
{image "Analysis_20091210062629.jpg"}Drop from new year high puts the pair back in the inverted daily channel off June low (bottom at 1.4650 today) and broke the daily Uptrendline off March low: currently below 1.4800 (see graph) with daily Bollinger bottom at 1.4687.Support area at 1.4687/ .4665 (see above/ current week low), with next levels at 1.4650 (see above) and 1.4626 (Nov 03 low + neckline daily Double Top), where pause favored.If wrong, next level at ahead of 1.4611/ .4604 (38.2% June...EUR/USD: (1.4725) In channel off 1.3832
{image "Hourly_20091104063649.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and back in the inverted daily channel off June low (top at 1.4908 today), with daily Uptrendline off March low under threat (1.4750 today). Support area at 1.4698 (break-up hourly), with next levels at 1.4640 (daily Bollinger bottom + daily envelope bottom), ahead of 1.4626/ .4624 (current reaction low off 1.5064/ weekly envelope bottom), where pause favored. If wrong, next levels at 1.4594...EUR/USD: (1.4726) Drop from 1.5145 puts pair below 1.4800
{image "hourly_20091209062636.jpg"} Drop from new year high puts the pair back in the inverted daily channel off June low (bottom at 1.4641 today) and broke the daily Uptrendline off March low (1.5074 today): currently below 1.4800 (see graph) with daily Bollinger bottom at 1.4714. Support area at 1.4665 (today’s low? + daily projection band bottom), with next levels at 1.4641 (see above) and 1.4626 (Nov 03 low + neckline daily Double Top), where pause favored. If wrong, next level at ahead o...EUR/USD: (1.4728) Back in channel off 1.3832
{image "hourly_20091029064452.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4883 today), with daily Uptrendline off March low being tested (1.4696 today).Support area at 1.4684/ .4674 (today’s + current reaction low off 1.5064?/ reaction lows hourly + daily projection band bottom), with next levels at 1.4618/ .4608 (daily Starc bottom/ daily envelope bottom), where pause favored. If wrong, next levels at 1.4...EUR/USD: (1.4729) Drop from 1.5145 puts pair below 1.4800
Next report should be on Dec 15 {image "Analysis_20091211061305.jpg"}Drop from new year high puts the pair back in the inverted daily channel off June low (bottom at 1.4654 today) and broke the daily Uptrendline off March low: currently below 1.4800 (see graph). Support area at 1.4708/ .4693 (reaction lows hourly), with next levels at 1.4665/ .4654 (current week low + daily Bollinger bottom/ see above), ahead of 1.4626 (Nov 03 low + neckline daily Double Top) an d1.4622/ .4611 (daily envelope b...EUR/USD: (1.4729) Drop from 1.5145 puts pair below 1.4800
{image "Analysis_20091215062528.jpg"}Drop from new year high trying to extend below daily Uptrendline off June low (1.4671 today), with Double Top off 1.4800 (see graph) and another one threatening in case of sustained trade below 1.4626.Support area at 1.4600 (current week low), with next levels at 1.4586/ .4571 (current reaction low off 1.5145 + weekly projection band bottom/ daily Bollinger bottom + daily envelope bottom): tough on 1st tests.Resistance at 1.4674/ .4686 (daily Short Term Movi...EUR/USD: (1.4731) Back above channel 1.3832
Next report should be on Oct 13 {image "Hourly_20091009060934.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and retested reinstalled inverted daily channel top off June low (1.4783 today). Support area at 1.4690 (break-up hourly), with next levels at 1.4673/ .4659 (daily Bollinger midline/ daily Medium Term Moving Average→): ideal area to stay above to keep current short term outlook intact for €.Failure to hold would see with next levels at 1.4593/ .4582...EUR/USD: (1.4780) Back above channel 1.3832
{image "hourly_20091013063652.jpg"}Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and retesting reinstalled inverted daily channel top off June low (1.4797 today).Support area at 1.4750/ .4740 (daily Short Term Moving Average↑/ break-up hourly), with next levels at 1.4719 (daily envelope bottom), ahead of 1.4687/ .4672 (daily Bollinger midline/ daily Medium Term Moving Average↑): ideal area to stay above to keep current short term outlook intact for €.Failure t...EUR/USD: (1.4792) In channel off 1.3832
{image "hourly_20091103063345.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4900 today), with daily Uptrendline off March low having been tested (1.4742 today). Support area at 1.4762/ .4742 (broken daily Short Term Moving Average↓/ see above), with next levels at 1.4725 (reaction low hourly) and 1.4681 (current reaction low off 1.5064 + daily envelope bottom), where pause favored. If wrong, next levels at 1...EUR/USD: (1.4818) Back in channel off 1.3832
{image "EURUSD_20091028063631.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4875 today). Support area at 1.4769 (current reaction low off 1.5064 + daily projection band bottom), with next levels at 1.4760/ .4753 (daily Long Term Moving Average↑/ 23.6% 1.3748 to 1.5064), where pause favored; If wrong, next levels at 1.4725 (daily envelope bottom), ahead of 1.4683/ .4679 (medium term reaction lows/ daily Uptre...EUR/USD: (1.4838) Drop from 1.5145 tested 1.4800
{image "hourly_20091208062925.jpg"} Drop from new year high puts the pair back in the inverted daily channel off June low and broke the daily Uptrendline off March low (1.5061 today), with 1.4800 having been tested (see graph). Support area at 1.4821 (today’s low?), with next levels at 1.4776/ .4756 (daily Bollinger bottom/ current week low + daily projection band bottom), where pause favored. If wrong, next level at ahead of 1.4710 (daily envelope bottom + weekly projection band bottom): tou...EUR/USD: (1.4845) In channel off 1.3832
{image "hourly_20091105063831.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832, with rebound off 1.4626 having retested the inverted daily channel top off June low (1.4917 today) and putting the pair currently back above the daily Uptrendline off March low (1.4754 today). Support area at 1.4801 (break-up hourly), with next levels at 1.4779/ .4774 (daily Long + Short Term Moving Averages↑/ daily envelope bottom), ahead of 1.4739 (reaction high hourly) and 1.4698 (brea...EUR/USD: (1.4848) In channel off 1.3832
Next report should be on Nov 03 {image "Analysis_20091030063349.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4892 today), with daily Uptrendline off March low having been tested (1.4708 today). Support area at 1.4822/ .4813 (reaction low hourly/ broken daily Short Term Moving Average↓), with next levels at 1.4745 (break-up hourly), ahead of 1.4717/ .4708 (daily envelope bottom/ see above) and 1.4683/ .4674...EUR/USD: (1.4880) In channel off 1.3832
Next reoprt should be on Nov 17 {image "forex_20091106062052.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832, with rebound off 1.4626 having retested the inverted daily channel top off June low (1.4928 today) and putting the pair currently back above the daily Uptrendline off March low (1.4771 today). Support area at 1.4851/ .4844 (broken daily Medium Term Moving Average↓/ reaction low hourly), with next levels at 1.4801 (break-up hourly + daily envelope bottom), ah...EUR/USD: (1.4888) New recovery high on move back above channel from 1.3832
{image "HOURLY_20091014055620.jpg"}Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph: potential at 1.4911) and back above inverted daily channel top off June low (1.4802 today), with new recovery high. Support area at 1.4839 (reaction low hourly), with next levels at 1.4802/ .4797 (daily Short Term Moving Average↑ + see above/ daily envelope bottom), ahead of 1.4740 (break-up hourly).1.4699/ .4693 = daily Bollinger midline/ daily Medium Term Moving Average↑: ide...EUR/USD: (1.4891) In channel off 1.3832
{image "Analysis_20091118064002.jpg"}Pair currently back below the inverted daily channel top off June low (1.4979 today) with the daily Uptrendline off March low at 1.4879 today.Support area at 1.4859 (reaction low hourly), with next levels at 1.4807/ .4799 (current week low/ daily envelope bottom) and 1.4767 (weekly envelope bottom + daily Stop And reverse), where pause favored.Resistance at 1.4922/ .4946 (breakdown hourly/ daily envelope top), with next levels at 1.4975 (reaction high hourly...EUR/USD: (1.4894) New recovery high has tested channel top from 1.3832
{image "Analysis_20091022060108.jpg"} Rebound off 1.4480 has sent the pair to a new recovery high, meeting 2nd target of daily Double Bottom off 1.3739 at 1.5021 and tested channel top off 1.3832 (see graph).Support area at 1.4958/ .4947 (break-up hourly + daily Short Term Moving Average↑/ daily envelope bottom), with next levels at 1.4893 (daily projection band bottom), ahead of 1.4862 (daily Medium Term Moving Average↑): ideal area to stay above to keep current short term outlook intact f...EUR/USD: (1.4895) Drop from new recovery high retested 1.4845
{image "Analysis_20091027063041.jpg"}Drop from new recovery high retested 1.4845 and the inverted broken daily channel top off June low (1.4867 today).Support area at 1.4845 (reaction low off 1.5064 + previous reaction high)), with next levels at 1.4829 (see graph), ahead of 1.4819/ .4812 (daily Bollinger midline/daily envelope bottom), where pause favored; If wrong, next levels at 1.4756/ .4753 (daily Medium Term Moving Average↑/ 23.6% 1.3748 to 1.5064): tough on 1st attempts.Resistance at 1...EUR/USD: (1.4914) In channel off 1.3832
{image "hourly_20091119062723.jpg"} Pair currently back below the inverted daily channel top off June low (1.4987 today) with the daily Uptrendline off March low at 1.4887 today. Support area at 1.4885 (reaction low hourly + daily envelope bottom), with next levels at 1.4858 (reaction low hourly), ahead of 1.4807 (current week low + daily projection band bottom), where pause favored. If wrong, next levels at 1.4786/ .4767 (daily Stop And Reverse/ weekly envelope bottom): tough on 1st tests. Res...EUR/USD: (1.4922) In channel off 1.3832
Next report should be on Nov 24 {image "Hourly_20091120064504.jpg"}Pair currently back below the inverted daily channel top off June low (1.4996 today) with the daily Uptrendline off March low at 1.4900 today. Support area at 1.4868 (daily Bollinger midline), with next levels at 1.4847 (reaction low hourly + daily envelope bottom), ahead of 1.4807/ .4799 (current week low/ daily Stop And Reverse), where pause favored. If wrong, next level at 1.4767 (weekly envelope bottom + daily projection ban...EUR/USD: (1.4926) New recovery high on move back above channel from 1.3832
Next report should be on Oct 20 {image "forex_20091016060339.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4817 today), with new recovery high. Support area at 1.4907 (daily envelope bottom), with next levels at 1.4885 (daily Short Term Moving Average↑), ahead of 1.4845/ .4839 (previous recovery high/ reaction low hourly). 1.4748/ .4723 = daily Medium Term Moving Average↑/ daily Bollinger midline: i...EUR/USD: (1.4927) New year high in channel off 1.3832
Next report should be on Dec 01 {image "Analysis_20091127062232.jpg"}New year high scored but currently back below the inverted daily channel top off June low (1.5030 today), with the daily Uptrendline off March low at 1.4965 under threat.Support area at 1.4907/ .4904 (daily Long Term Moving Average↑/ today’s low?), with next levels at 1.4885/ .4870 (50% 1.4626 to 1.5145/ break-up hourly), where pause favored.If wrong, next levels at 1.4833 (current week low), ahead of 1.4810/ .4800 (daily ...EUR/USD: (1.4930) New recovery high on move back above channel from 1.3832
{image "hourly_20091021062125.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4839 today), with new recovery high, but Reversal Day. Support area at 1.4883/ .4877 (reaction low hourly/ daily envelope bottom), with next levels at 1.4850/ .4829 (daily projection band bottom/ current week low + see graph). 1.4766/ .4753= weekly envelope bottom/ daily Bollinger midline: ideal area to stay above to keep curren...EUR/USD: (1.4945) In channel off 1.3832
{image "Hourly_20091124062236.jpg"} Pair currently back below the inverted daily channel top off June low (1.5008 today) with the daily Uptrendline off March low at 1.4929 today. Support area at 1.4926/ .4909 (daily Medium Term Moving Average↑/ break-up hourly), with next levels at 1.4877/ .4873 (daily Bollinger midline/ daily envelope bottom), where pause favored. If wrong, next level at 1.4833 (current week low), ahead of 1.4800 (last week low + daily projection band bottom): tough on 1st t...EUR/USD: (1.4955) New recovery high on move back above channel from 1.3832
{image "daily_20091015062332.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4806 today), with new recovery high. Support area at 1.4929/ .4926 (broken daily Bollinger top/ today’s low?), with next levels at 1.4880 (daily envelope bottom), ahead of 1.4845/ .4839 (daily Short Term Moving Average↑ + previous recovery high/ reaction low hourly). 1.4722/ .4712 = daily Medium Term Moving Average↑/ daily ...EUR/USD: (1.4956) In channel off 1.3832
{image "Hourly_20091117075929.jpg"} Pair currently back above the inverted daily channel top off June low (1.4975 today) with the daily Uptrendline off March low at 1.4867 today. Support area at 1.4946/.4933 (reaction low hourly/ daily Short Term Moving Average→), with next levels at 1.4884 (daily Bollinger midline + daily envelope bottom), ahead of 1.4878/ 4867 (current week low + daily Medium Term Moving Average↑/ see above), where pause favored.If wrong, next levels at 1.4821 (Nov 12 low...EUR/USD: (1.4956) In channel off 1.3832
{image "Hourly_20091117075929.jpg"} Pair currently back above the inverted daily channel top off June low (1.4975 today) with the daily Uptrendline off March low at 1.4867 today. Support area at 1.4946/.4933 (reaction low hourly/ daily Short Term Moving Average→), with next levels at 1.4884 (daily Bollinger midline + daily envelope bottom), ahead of 1.4878/ 4867 (current week low + daily Medium Term Moving Average↑/ see above), where pause favored.If wrong, next levels at 1.4821 (Nov 12 low...EUR/USD: (1.4973) New recovery high on move back above channel from 1.3832
{image "HOURLY_20091020060412.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4839 today), with new recovery high. Support area at 1.4940/ .4936 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.4906/ .4899 (daily envelope bottom/ reaction low hourly), ahead of 1.4858/ .4829 (daily projection band bottom/ current week low). 1.4766/ .4745 = weekly envelope bottom/ daily Bolli...EUR/USD: (1.4991) In channel off 1.3832
{image "Analysis_20091125061653.jpg"}Pair currently back below the inverted daily channel top off June low (1.5017 today) with the daily Uptrendline off March low at 1.4942 today.Support area at 1.4938 (daily Medium Term Moving Average↑), with next levels at 1.4897/ .4890 (daily envelope bottom/ daily Bollinger midline + daily Long Term Moving Average↑), where pause favored.If wrong, next level at 1.4870 (break-up hourly), ahead of 1.4833 (current week low) and1.4800 (Nov 20 low + daily pro...EUR/USD: (1.5000) New year high in channel off 1.3832
{image "Hourly_20091201063011.jpg"} New year high scored but currently back below the inverted daily channel top off June low (1.5039 today), with the daily Uptrendline off March low at 1.4991 under threat. Support area at 1.4965/ .4963 (current week low/ daily Medium Term Moving Average↑), with next levels at 1.4946 (daily Bollinger midline), ahead of 1.4915/ .4912 (daily envelope bottom + daily Long Term Moving Average↑/ break-up hourly), where pause favored. If wrong, next levels at 1.48...EUR/USD: (1.5032) New recovery high above channel top from 1.3832
Next report should be on Oct 27 {image "Analysis_20091023061518.jpg"} Rebound off 1.4480 has sent the pair to a new recovery high, meeting 2nd target of daily Double Bottom off 1.3739 at 1.5021 and now above channel top off 1.3832 (see graph).Support area at 1.5011/ .4991 (break-up hourly/ daily Short Term Moving Average↑), with next levels at 1.4970/ .4962 (daily envelope bottom/ reaction low hourly), ahead of 1.4933/ .4921 (break-up hourly/ daily projection band bottom).1.4888 (daily Mediu...EUR/USD: (1.5051) New year high in channel off 1.3832
Next report should be on Dec 08 {image "HOURLY_20091204063123.jpg"} New year high scored but currently toying back with the inverted daily channel top off June low (1.5065 today), with the daily Uptrendline off March low at 1.5030. Support area at 1.5018/ .5002 (daily envelope bottom/ daily Medium Term Moving Average↑), ahead of 1.4979/ .4965 (daily Bollinger midline/ current week low), where pause favored. If wrong, next level at ahead of 1.4928/ .4912 (daily Long Term Moving Average↑/ bre...EUR/USD: (1.5086) New year high in channel off 1.3832
{image "Analysis_20091203061941.jpg"}New year high scored and currently back above the inverted daily channel top off June low (1.5056 today), with the daily Uptrendline off March low at 1.5017. Support area at 1.5040/ .5032 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.4992/ .4984 (daily Medium Term Moving Average↑/ daily envelope bottom), ahead of 1.4969/ .4965 (daily Bollinger midline/ current week low), where pause favored. If wrong, next level at ahead ...EUR/USD: (1.5097) New year high in channel off 1.3832
{image "Analysis_20091202062711.jpg"}New year high scored and currently back above the inverted daily channel top off June low (1.5052 today), with the daily Uptrendline off March low at 1.5013.Support area at 1.5058 (break-up hourly), with next levels at 1.4998/ .4985 (daily envelope bottom/ daily Medium Term Moving Average↑), ahead of 1.4965/ .4962 (current week low/ daily Bollinger midline), where pause favored.If wrong, next level at ahead of 1.4922/ .4912 (daily Long Term Moving Average...EUR/USD: (1.5103) New year high in channel off 1.3832
{image "HOURLY_20091126062843.jpg"} Break back above the inverted daily channel top off June low (1.5021 today) sent the pair to a new year high, with the daily Uptrendline off March low at 1.4952 today and daily Bollinger top at 1.5125. Support area at 1.5073/ .5064 (daily envelope bottom/ previous high), with next levels at 1.5038 (reaction low hourly), ahead of 1.5002/ .4989 (daily Short Term Moving Average↑/ break-up daily) and 1.4955 (daily Medium Term Moving Average↑), where pause fav...EUR/USD: bearish below 1.4450
JP Morgan and Intel both companies out beating earnings estimates and S&P 500 futures moved towards the 1150 level, but stopped at 1147. We still see some weakness from Monday’s sell off from the yearly high at 1148 from Monday. So we are still looking at possible shorts if the right signal present itself, not seen it yet. ECB left rates unchanged as expected, but Trichet said the recovery could be bumpy and uneven. Trichet out saying that there is a major debt problem and no special t...EUR: Attempt longs at 1.5000, adding to 1.4900; stop below 1.4800
Comment: Still well bid as benign neglect surrounds the US dollar. The euro is not at all overbought, though bullish momentum is low. It looks as though we are setting up for a re-test this year’s high at 1.5064. Rising trendline and the Ichimoku ‘cloud’ should also provide support and suggest a long position for a break to new highs later on.EUR: Attempt small longs at 1.3650
Comment: Some are wondering why the Euro hasn’t dropped further with Greek woes looming. Yesterday’s price action is technically irrelevant, but no lower than Friday’s small ‘hammer’ low at 1.3532. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week. A daily close above the 9-day moving average at 1.3716 would be a good start.EUR: Attempt small longs at 1.4160/1.4100
Comment: Stabilising and a small bounce from the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). One-month at-the-money implied volatility appears to have based around 10.00% and should now squeeze up to 13.50%. Note that on the ECB’s Effective Exchange Rate the Euro is only very fractionally over the mean of the last two years. Over the next few weeks we feel the Euro should stabilise and form a new interim low. Other currencies should also do something similar...EUR: Attempt small longs at 1.4925; stop below 1.4800
Comment: Knee-jerk reaction to buy the US dollar as well as the Yen may be wrong this time round. The whole of the Middle East may turn out to be a mess and all their currencies are pegged to the greenback. Hopefully trendline, Fibonacci and ‘cloud’ support will prop up the Euro over the coming weeks.EUR: Attempt small longs at 1.4935; stop below 1.4800
Comment: Hovering under this year’s high at 1.4994 and we shall watch closely to see whether the 9-day moving average will once again limit the downside. Small signs of instability, here and in several other currencies, so today may not be the day latecomers arrive at the party. Note that consensus opinion at the beginning of this month was that the Euro would weaken against the US dollar.EUR: Attempt small longs at 1.4965; stop below 1.4800
Comment: Rallying to a new high for this year at 1.4994 even sooner than we had hoped after closing at this year’s high yesterday. The Euro is only slightly overbought and the 9-day moving average gave it another leg up yesterday. While most elements suggest a break above the psychological 1.5000 level is imminent, caution is warranted because yesterday’s ‘hanging man’ candle shows signs of instability at current levels. Note that consensus opinion at the beginning of this month was th...EUR: Attempt small longs at 1.5060; stop below 1.4800
Comment: Even better than we had hoped, a fantastic ‘hammer’ against trendline and the Ichimoku ‘cloud’. This suggests an interim low just might be in place and we shall now re-test this year’s high at 1.5145. However, bullish momentum is almost nil at the moment so not quite as clear as we would like, and implied volatility should continue to pick up.EUR: Possibly attempt longs at 1.4315; stop below 1.4200
Comment: Totally boring as we mark time ahead of today’s US employment figures while trying to form an interim base against Fibonacci retracement support and the 200-day moving average at 1.4250. Momentum is zero and futures positions are being re-built at a painfully slow pace.EUR: Possibly attempt small longs at 1.4120
Comment: Finding support at the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low), ahead of the top of the weekly Ichimoku ‘cloud’. The Euro is very oversold but momentum is decidedly bearish for now. More good volume in the futures contract, and in the spot market, suggests many are being forced into positioning. Watch generally to see whether ‘risk avoidance’ now also includes avoiding the greenback.EUR: Possibly attempt tiny longs at 1.4295; stop below 1.4175
Comment: Mixed views on the US dollar as the Euro trades back down where it was last summer. The Weekly Ichimoku chart suggests a long position and we shall be watching to see whether it manages to stabilised against medium term Fibonacci retracement. Also watch the Lagging Span which might garner support from last summer’s candles.EUR: Attempt longs at 1.3780
Comment: Two consecutive ‘Harami’ patterns (opposite of engulfing two-candle pairs) Friday/Monday and Tuesday/Wednesday underlines the fact that potentially the sell-off in the Euro might be trying to reverse and/or stall. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week or next. Note that the Euro is no longer oversold and that bearish momentum has halved. Also very good futures volume hint that many a...EUR: Attempt longs at 1.4470; stop below 1.4200
Comment: Unwinding some of the nonsense of the last two weeks with room for more of the same. The Euro is no longer oversold and momentum has yet to turn bullish, so room for a variety of different views.EUR: Attempt longs at 1.4495, adding to 1.4455; stop well below 1.4400
Comment: Basing against Fibonacci retracement support and the 200-day moving average at 1.4250, as expected, and now set to test the 26-day moving average at 1.4561. Momentum has turned bullish and the Euro is not overbought.EUR: Attempt longs at 1.4930; stop below 1.4800
Comment: Incredibly neat consolidation whatever US policymakers have to say about their currency. It looks as though we are setting up for a re-test this year’s high at 1.5064, bullish pressure increasing fractionally if we hold above the 26-day moving average at 1.4842. Rising trendline and the Ichimoku ‘cloud’ should also provide support and suggest a long position for a break to new highs later on.EUR: Attempt longs at 1.5085; stop below 1.4950
Comment: Consolidating neatly, looking more comfortable above the psychological 1.5000 area. It is not overbought though trading very close to the all-time high on the ECB’s effective exchange rate. If not this week then this month we favour a break to a new high for this year, accentuated by thin markets.EUR: Attempt longs at 1.5095; stop below 1.4950
Comment: Same as it was yesterday: consolidating neatly, looking more comfortable above the psychological 1.5000 area. It is not overbought though trading very close to the all-time high on the ECB’s effective exchange rate. If not this week then this month we favour a break to a new high for this year, accentuated by thin markets.EUR: Attempt small longs at 1.3585
Comment: Reversing all of the previous day’s gains but not dipping to a new recent low. Expect it to try and base this morning and claw its way higher late today or tomorrow. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ on (hopefully) this week’s candle.EUR: Attempt small longs at 1.3775
Comment: A good-sized ‘bullish engulfing’ candle yesterday has sent the Euro up to test the collapsing 9-day moving average. Sentiment is so anti and it was so oversold that yesterday’s rally has seen bearish momentum halve. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.EUR: Attempt small longs at 1.3865
Comment: Capped by the 9-day moving average and we go back to watching for signs of attempting to base. The Euro is still very oversold though momentum is strongly bearish. Strategy: Attempt small longs at 1.3865; stop well below 1.3850. Short term target 1.4000, then 1.4180.EUR: Attempt small longs at 1.3865
Comment: Capped by the 9-day moving average and we go back to watching for signs of attempting to base. The Euro is still very oversold though momentum is strongly bearish. Strategy: Attempt small longs at 1.3865; stop well below 1.3850. Short term target 1.4000, then 1.4180.EUR: Attempt small longs at 1.3970
Comment: Trying to stabilise but very slow work as the Euro is many people’s pet hate. It is still very oversold though momentum is still strongly bearish. Strategy: Attempt small longs at 1.3970; stop below 1.3850. Short term target 1.4000, then 1.4180.EUR: Attempt small longs at 1.4015
Comment: Dropping below Fibonacci retracement support and the psychological level at 1.4000, but be careful because other currencies are not following suit (though of course the US Dollar Index is). Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process with a series of cautious downside probes. There is a chance that we will form a reversal candle (‘hammer’) today. Watch and wait patiently.EUR: Attempt small longs at 1.4635; stop below 1.4575
Comment: Trying to stabilise against the lower edge of the Ichimoku and retracement support. Slow work again today in increasingly thin markets. Strategy: Attempt small longs at 1.4635; stop below 1.4575. Short term target 1.4800, then 1.5000.EUR: Attempt small longs at 1.4665; stop below 1.4575
Comment: One of the biggest fortnightly pullbacks so far this year should send jitters down the spines of many. We see this as a normal correction in thin year-end conditions and the Euro will try and stabilise against the lower edge of the Ichimoku and retracement support.EUR: Attempt small longs at 1.4900; stop below 1.4800
Comment: Tricky with yesterday’s pullback hinting that we might consolidate under this year’s high at 1.5064 for another week. However, moving averages and the Ichimoku ‘cloud’ suggest a long position for a break to new highs later on.EUR: Attempt small longs at 1.4915; stop below 1.4800
Comment: Little to add as we consolidate neatly under this year’s high at 1.5064 and above the 26-day moving average. Rising trendline and the Ichimoku ‘cloud’ will provide support and suggest a long position for a break to new highs later on. In the meantime allow for more sideways work.EUR: Attempt small longs at 1.4915; stop below 1.4800
Comment: Consolidating neatly under this year’s high at 1.5064 and above the 26-day moving average. Rising trendline and the Ichimoku ‘cloud’ will provide support and suggest a long position for a break to new highs later on.EUR: Attempt small longs at 1.4960; stop below 1.4800
Comment: Despite intra-day nervousness the 9-day moving average has managed to limit the downside. No guarantees this will do the trick again today but a test of this year’s high at 1.5064 looks imminent. Obviously in order to break to new highs strong daily and weekly closes are needed, here and in a series of other currencies.EUR: Attempt small longs at 1.4975; stop below 1.4800
Comment: Consolidating neatly just under this year’s high at 1.5064 amid generalised US dollar weakness. The Euro is not overbought and bullish pressure has increased slightly, as should implied volatility.EUR: Attempt small longs at 1.4990; stop below 1.4900
Comment: Consolidating neatly just under this year’s high at 1.5064 and short term indicators are neutral. Though the Euro is not overbought we shall continue to allow for consolidation around 1.5000 for another week or two.EUR: Attempt small longs at 1.5015, adding on a dip to 1.4950; stop below 1.4800
Comment: Another new high for this year at 1.5061 with the 9-day moving average rising quickly. The Euro is slightly overbought and bullish momentum is fairly strong and might increase on a weekly close above the psychological 1.5000 level.EUR: Attempt small longs at 1.5025; stop below 1.4900
Comment: Little to add as we consolidate around the psychological 1.5000 after rallying strongly Friday. We see this as a potential interim low might be in place and we shall now re-test this year’s high at 1.5145. Record futures volume on Friday adds weight to this view.EUR: Attempt tiny longs at 1.3700
Comment: Suddenly everybody’s new pet hate as we retrace half of the rally from March to December 2009. Knee-jerk reactions to falling stock indices repeat what they ‘learnt’ in 2008. Be careful as repatriation is much less likely this time around. The Euro is terribly oversold and one-month at-the-money implied volatility has only just inched up from a potential new interim base just under 10.00%. Watch for signs of a dramatic reversal, so that we form a big ‘spike low’ either today...EUR: Attempt tiny longs at 1.3715
Comment: Everyone’s current ‘pet hate’ and though bearish momentum is still terribly strong it does smack of a very crowded trade with almost record futures volume. Be careful and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.EUR: Attempt tiny longs at 1.3715
Comment: Everyone’s current ‘pet hate’ and though bearish momentum is still terribly strong it does smack of a very crowded trade with almost record futures volume. Be careful and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.EUR: Buy at 1.3625; stop below 1.3400
Comment: Last week’s large ‘doji’ candle after the unstable ‘wedge’ formation of the last three weeks suggests an interim low might be in place, with a ‘spike low’ below the weekly Ichimoku ‘cloud’. The Euro is as oversold as it was in November 2008 and bearish momentum is at its strongest since December 2008. Watch for short-covering this week.EUR: Buy at 1.4500, adding to 1.4455; stop well below 1.4400
Comment: Basing against Fibonacci retracement support and the 200-day moving average at 1.4250, breaking to new recent highs, testing the 26-day moving average at 1.4541. Momentum has turned bullish and the Euro is not overbought. Good futures volume Friday on declining open interest suggest many have been wrong-footed by the latest little rally.EUR: Buy at 1.4500, adding to 1.4455; stop well below 1.4400
Comment: Consolidating neatly just above new recent highs, the upside currently limited by the 26-day moving average. Momentum is bullish and the Euro is not overbought. Price action over the last four days can be seen as a ‘pennant’ suggesting another burst higher this week with a measured target of at least 1.4720, maybe 1.4825.EUR: Buy at 1.4540, adding to 1.4485; stop well below 1.4400
Comment: Still struggling to close above the 26-day moving average at 1.4496. Momentum is bullish and might increase, pushed by a rising 9-day average. Other major currencies confirm, looking for a weaker USD.EUR: Buy at 1.4835; stop below 1.4750
Comment: Hovering below ‘channel’ support, trying to base against the top of the Ichimoku ‘cloud’ and retracement support, and yesterday’s ‘doji’ adds weight to this view. Should we hold above 1.4800 today expect a squeeze to 1.4900, and then probably more.EUR: Buy at 1.4895, adding to 1.4845; stop below 1.4745
Comment: Just one of many currencies hitting a new high for the year against the Euro. Yesterday’s close above 1.4800 suggests we have started the next leg of a long term rally; a weekly close above here would confirm. Bullish momentum is good though the Euro is overbought – but does anyone care?EUR: Buy at 1.4955, adding to 1.4845; stop below 1.4745
Comment: Pushing relentlessly higher as the reluctant are dragged in kicking and screaming. It is of course just one of many currencies hitting a new high for the year against the US dollar. Yesterday’s close above 1.4900 adds weight to our view that we have started the next leg of a long term rally; a weekly close above 1.4800 would confirm. Bullish momentum has increased a little again but the Euro is overbought. More of the same today.EUR: Possibly attempt longs at 1.4295; stop below 1.4200
Comment: Little to add as we struggle to try and form an interim base. The Euro is no longer oversold and momentum has yet to turn bullish, so room for a variety of different views. Strategy: Possibly attempt longs at 1.4295; stop below 1.4200. Short term target 1.4450.EUR: Possibly attempt small longs at 1.3670
Comment: This week’s ‘pet hate’ remains stuck between Friday’s low at 1.3585 and the 9-day moving average, no doubt to the frustration of the all-too many who relish the potential crumbling of the Eurozone. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week or next. Note that the Euro is oversold again though bearish momentum has halved.EUR: Possibly attempt small longs at 1.3930
Comment: Over the last month the Euro has lost ground against every single major currency except the Brazilian real – it is not indicative of what is happening generally in the FX market. We continue to watch for signs of forming an interim low this month. The Euro is terribly oversold and futures volume last week was close to a record high suggesting many are being forced out of core positions.EUR: Possibly attempt small longs at 1.4390; stop below 1.4335
Comment: Last week’s ‘spike high’ against the 26-week moving average at 1.4575 suggests the Euro will hold below here for at least another week despite all other elements of this chart suggesting a long Euro position. Unlikely to break above here today though a weekly close above 1.4500 might still be possible. Mixed at best today.EUR: Possibly attempt small longs at 1.4425; stop well below 1.4400
Comment: Still struggling to close above the 26-day moving average at 1.4496 and the 1.4550 area. Unlikely to break above here today though a weekly close above 1.4500 might still be possible. Mixed at best today.EUR: Possibly attempt small longs at 1.4550; stop below 1.4500
Comment: US dollar bulls getting very excited and many are calling for the greenback to strengthen throughout 2010. WE disagree and see this current pullback as corrective. Where we will stabilise in thin year-end markets is problematic but ought to be against retracement support.EUR: Possibly attempt small longs at 1.4710; stop below 1.4600
Comment: Below ‘channel’ support, trading in the middle of the Ichimoku ‘cloud’, though above retracement support and thereby confusing many. Knee-jerk reactions in thin year-end markets will probably rattle nerves. The idea that the US dollar is the ‘risk averse’ trade is risible.EUR: Possibly attempt small longs at 1.4740; stop below 1.4620
Comment: Good futures volume over the last five days as recent longs get stopped out on the break below 1.4680. The Euro has now bounced from Fibonacci and channel support at 1.4626 and likely to hold above here today. We continue to see the latest decline as corrective but are not sure where we will form an interim base.EUR: Possibly attempt small longs at 1.4750; stop below 1.4650
Comment: Hovering around Fibonacci support as we consolidate under this year’s high, wondering which exactly is this year’s currency of choice when leveraging or de-leveraging. Allow for more of the same today and slow work all week. At-the-money implied volatility might pick up this month.EUR: Possibly attempt small longs at 1.4785
Comment: Four consecutive alternating days thrashing around against Fibonacci and trendline support as we decide whether de-leverage will kick in. Allow for more of the same today and difficult work all week, with prices unlikely to hold quite so neatly between 1.4680 and 1.4860.EUR: Possibly attempt small longs at 1.4875; stop below 1.4700
Comment: Yesterday’s ‘bearish engulfing’ candle suggests we can ‘look forward’ to consolidation roughly between 1.4700 and 1.5050 for another two weeks. We continue to feel that at-the-money implied volatility should increase towards month-end.EUR: Possibly attempt small longs at 1.4920; stop below 1.4800
Comment: Even half-baked stockbrokers are becoming aware of the US dollar’s weakness, and the Treasury’s Geithner links the currency’s strength to times of fear and crisis. The Euro is slightly overbought so perhaps its time to take a breather today. A weekly close above 1.4800 would confirm that the next leg of the rally has started.EUR: Possibly attempt small shorts at 1.4710, adding to 1.4760
Comment: Better bid than we had expected as we consolidate above the 9-day moving average. We shall continue to pencil in another week or two of consolidation which would allow the Ichimoku ‘cloud’ and trendline support to move closer to the Euro. Until the Euro manages a daily (and preferably weekly) close above 1.4800 we cannot rule out another test of support between 1.4600 and 1.4400.EUR: Possibly attempt small shorts at 1.4710, adding to 1.4760
Comment: Stuck between this year’s high at 1.4845 (and a potential small ‘double top’) and above the 9-day moving average as weaker currencies are hit first. We shall continue to pencil in another week or two of consolidation which would allow the Ichimoku ‘cloud’ and trendline support to move closer to the Euro. Until the Euro manages a daily (and preferably weekly) close above 1.4800 we cannot rule out another test of support between 1.4600 and 1.4400.EUR: Possibly attempt tiny longs at 1.3600
Comment: Friday’s new recent low at 1.3532 is a small ‘spike low’ and badly-shaped ‘hammer’. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week. Note that the Euro is very oversold again and futures volume so far this month has been very strong.EUR: Possibly attempt tiny longs at 1.3640
Comment: Bearish momentum stronger than it has been since September 2008 means the Euro is testing the lower edge of the weekly Ichimoku ‘cloud’. It is also more oversold than it has been since November 2008 and suddenly everybody’s new pet hate. Good futures volume over the last two weeks also suggest a pell mell rush into the recent move and out of long held positions. Be careful and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.EUR: Possibly attempt tiny longs at 1.3915
Comment: Little to add as we struggle to try and form an interim base against Fibonacci retracement support and the 200-day moving average at 1.4250. Note that the Euro is lagging behind this month’s ‘darlings’ which are Aussie, Kiwi, Canada, Norway and now the Swiss franc.EUR: Possibly attempt tiny longs at 1.3915; stop well below 1.3800
Comment: Consolidating in a small rather nasty little ‘triangle’ below the top of a large Ichimoku ‘cloud’ and Fibonacci resistance. Moving averages are bullish yet the Euro has not managed to gather any upside momentum for weeks. As the lower edge of the Ichimoku ‘cloud’ drops towards 1.3200 over the next six weeks, allow for a shake-up of the complacent and a proper clear out. Later this year the Euro should strengthen so it might be a good idea to buy volatility for this period.EUR: Possibly attempt tiny longs at 1.4365; stop below 1.4280
Technical Analysis will be away until Monday the 4th of January Comment: Losing ground against the US dollar (and the Swiss franc), retracing 61% of the previous slow rally. The decline of the last three weeks feels very big in contrast to the grinding earlier rally, but is much smaller than the five consecutive down weeks starting in January this year. Where this correction will end is anyone’s guess in current painfully thin conditions, but we continue to watch (and hope) at Fibonacci leve...EUR: Possibly attempt tiny longs at 1.4400; stop below 1.4280
Comment: US dollar bulls getting very excited as we see the biggest correction since March. Where we will stabilise in thin year-end markets is problematic but ought to be against retracement support.EUR: Possibly attempt tiny longs at 1.4870; stop below 1.4700
Comment: Indecision with yesterday’s ‘doji’ candle. Bullish pressure might increase fractionally if we hold above the 50-day moving average at 1.4700. Strategy: Possibly attempt tiny longs at 1.4870; stop below 1.4700. Short term target 1.4900/1.4930.EUR: Possibly attempt very small longs at 1.4060
Comment: Stuck, for the time being, in a surprisingly small range just above the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process with a series of cautious downside probes.EUR: Possibly attempt very small longs at 1.4060
Comment: Stuck, for the time being, in a surprisingly small range just above the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process with a series of cautious downside probes.EUR: Possibly attempt very small longs at 1.4080
Comment: Currently capped at 1.4200 and retreating to re-test the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). One-month at-the-money implied volatility appears to have based around 10.00% and should now squeeze up to 13.50%. Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process.EURJPY: Set To Breakout Of Its Symmetrical Triangle
EURJPY: Set To Breakout Of Its Symmetrical Triangle - Having maintained a third week of upside gains following its failure below its triangle bottom at 130.24 and subsequent recoveryEURUSD
Today’s trend: Downwards Buy/Sell: Sell Entry 1: 1.4390 Entry 2: 1.4440 Stop: 1.4490 Profit 1: 1.4290 Profit 2: 1.4230EURUSD (1.3573)
EURUSD almost touched its target at 1.3530 but was unable to break that level. We expect EURUSD to make another attempt towards 1.3530 and break that level which will also set its next target at 1.3400 level. Currently traders will focus on selling EURUSD on rise to retracement levels and sell EURUSD for a nice intra-day trade.EURUSD (1.4257)
EURUSD (1.4257)EURUSD Technical Analysis
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EURUSD below significant barrier at 1.4279 bears did initiate a negative trend by a sharp break. While candles remain below this level, look for selling possibilities. Bears are controlling the situation for now.{image "eurusd_20100120074140.jpg"}EURUSD Technical Analysis
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Bears have enough strength to breakout by support level. Below support, look for selling possibilities. At the moment waiting action is better to take in order to confirm a possible breakout of significant barrier at 1.4048. While trend is negative, bears are controlling the situation.{image "usdchf_20100127072958.jpg"}EURUSD Technical Analysis
EURUSD trend line remains negative and not broken, bears are looking forward to test today support level. If bears can manage to break this level, further downside movement can be extended. Otherwise, a rebound is expected back to resistance barrier. For now, waiting action is better option.{image "Untitled_20100126073306.jpg"}EURUSD Technical Analysis
EURUSD bulls did bounce off by support level, however while trend line is still valid and not broken, bears are in better place for now. According to the recent bulls movement, lack of strength can initiate another bears downside slide. At the moment, waiting action with selling possibilities are better options to look into.{image "usdchf_20100125073149.jpg"}EURUSD Technical Analysis
EURUSD wide trading range is formed now between support and resistance barriers, trend remains negative. Even though bulls are trying to go for a reversal movement, bearish situation is strong enough to drag and decline price further downside. At the moment, waiting action is better to take while bulls calms down.{image "eurusd_20100122074015.jpg"}EURUSD Technical Analysis
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Negative trend is extended by low bearish movement below support barrier. Even though bears are sliding downside, lack of confidence can initiate bulls price recovery. At the moment, look for waiting option with selling opportunities, but it should be done with a care.{image "usdcad_20100129073659.jpg"}EURUSD Technical Analysis
Negative trend remains active for this pair, support and resistance levels slided downside and at the moment lower range is created. Significant support barrier holds bearish side from further falling, at the moment waiting action is better option in order to confirm how strong support barrier really is. Look for selling possibilities below support barrier.{image "eurusd_20100204073014.jpg"}EURUSD Technical Analysis
Bulls did manage finally to break trend line, however below 1.4048 price level bears are still in good shape. Despite this bulls attempt to climb higher, bears are controlling the current situation. Look for selling possibilities below this barrier, but it should be done with a care for now.{image "eurusd_20100203074243.jpg"}EURUSD Technical Analysis
Negative trend remains strongly active. However, according to recent bulls attempt, they showed first signs of recovery. At the moment waiting action is better option in order to confirm bulls strength. If a trend line is broken, bulls have a chance to slide above 1.4048 price level.{image "eurusd_20100202073243.jpg"}EURUSD Technical Analysis
Ex-support 1.4048 and ex-resistance 1.4409 levels hold at the same places. Strong negative trend remains for this pair, at the moment short term upswings are expected. However, while downtrend holds, look for selling possibilities, but it should be done with a care for now. {image "eurusd_20100201073130.jpg"}EURUSD Technical Analysis
EURUSD bears have extended their negative slide and got more confidence below 1.4279 price level. While bears remain below this barrier, look for selling options. However, at the moment short term upswings are expected, but long term trend remains still negative.{image "eurusd_20100121074022.jpg"}EURUSD Technical Analysis
EURUSD, resistance level at 1.4466 holds bulls from further climbing towards next resistance barrier at 1.4540. Possible channel creation for now, it can be extended back to resistance barrier at 1.4466. At the moment waiting action remains and short term bouncing between current support and resistance levels is expected.{image "eurusd_20100119073859.jpg"}EURUSD Technical Analysis
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Narrow trading range is formed for now, however bulls are looking forward to test resistance barrier. Above resistance, look for short term upswings. However, negative trend is still active and long positions should be considered. At the moment, waiting action is better to look for.{image "eurusd_20100209074523.jpg"}EURUSD Technical Analysis
Despite the recent bulls breakout by resistance barrier, negative trend is still valid. While trend line holds, bulls actions are limited. At the moment waiting action is better option in order to confirm further bulls strength.{image "eurusd_20100210074106.jpg"}EURUSD Technical Analysis
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Bulls are trying to recover by shooting upside towards resistance level, however 1.3650 price level is strong enough to hold bulls from further climbing. Negative trend still remains for this pair, look for a possible rebound back to support barrier for now.{image "eurusd_20100222072510.jpg"}EURUSD Technical Analysis
Bulls finally did manage to break the trend line, however despite this action resistance barrier remains active. Below resistance level, bears side is more confident. According to the current trend, a rebound back to support level is expected.EURUSD Technical Analysis
Negative trend line still holds, however bulls are heading towards to reach new highs. Above trend line, bears are in danger. However in order to recover for bulls side, trend line needs to be broken. At the moment, waiting action remains to confirm a possible breakout.{image "eurusd_20100211072601.jpg"}EURUSD Technical Analysis
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EURUSD Technical AnalysisEURUSD bears remain in good shape
Bulls couldn't manage to break current trend line, a rebound was initiated back to support level, look for selling options below support barrier while trend line remains active. Bears are controlling the situation for now.{image "eurusd_20100212072947.jpg"}EURUSD breaks below the rising support trend line
EURUSD breaks below the rising support trend line on 4-hour chart, suggesting lengthier consolidation of uptrend from 1.4484 is underway. Range trading between 1.4780 and 1.4966 is expected to follow, and a short term cycle bottom is expected to be formed above 1.4780 support. However, below 1.4780 will signal deeper decline to 1.4600 area. Key resistance is now at 1.4966, a break above this level will indicate that the uptrend from 1.4484 has resumed, then another rise towards 1.5100 could be s...EURUSD broke above 1.4843
EURUSD broke above 1.4843 previous high and reached as high as 1.4966 level, suggesting that the uptrend from 1.3748 (June 16 low) has resumed. Another rise towards 1.5100-1.5200 area is expected in a couple of weeks. Support level is now at 1.4650 and key support is located at the lower border of the rising price channel on daily chart, as long as the channel support holds, we'd expected uptrend to continue. However, the pair is presently facing resistance of the upper border of the price chann...EURUSD broke above falling trend line
EURUSD broke above the falling trend line on 4-hour chart, suggesting that a short term cycle bottom has been formed at 1.4218 level. Range trading between 1.4218 and 1.4500 is expected in a couple of days. Critical resistance is located at 1.4500, as long as this level holds, the rise from 1.4218 could be treated as minor consolidation of downtrend from 1.5144, and another fall towards 1.4000-1.4100 is still possible after consolidation. However, a break above 1.4500 will indicate lengthier con...EURUSD broke above price channel
EURUSD broke above the falling price channel on 4-hour chart and traded in a range between 1.3531 and 1.3838. Lengthier sideways movement in the range would more likely be seen in a couple of days. The price action from 1.3585 is still treated as consolidation of downtrend from 1.4579. As long as 1.3838 resistance holds, one more fall towards 1.3400 area is expected after consolidation, and a breakdown below 1.3531 could signal resumption of downtrend. However, above 1.3838 will indicate...EURUSD consolidates in a narrow range
Being contained by 1.5062 previous high resistance, EURUSD consolidates in a narrow range between 1.4938 and 1.5048. As long as 1.4938 support holds, uptrend from 1.4626 will continue and further rise to 1.5200 is possible. However, below 1.4938 will indicate that a short term cycle top has been formed at 1.5048 level on 4-hour chart, then lengthier consolidation could take price to 1.4850-1.4900 area.{image "20091112_eurusd_1.gif"}EURUSD continues its downward trend
EURUSD continues its downward trend from 1.5144 and the fall extends further to as low as 1.4668 level. Deeper decline is still possible later today and target is to test 1.4626 key support, a breakdown below this level will indicate that the longer term uptrend from 1.3748 (June 16 low) has completed at 1.5144 already. However, next short term cycle bottom is nearing, consolidation would more likely be seen before breaking below 1.4626 level.{image "20091209_eurusd_1.gif"}EURUSD continues its sharp moving
EURUSD continues its sharp moving and the fall from 1.5062 extends to as low as 1.4693 level. Deeper decline is still in favor and next target would be at 1.4600-1.4650 area, and rebound is expected before breaking below 1.4600 level. Resistance level is now located at 1.4840, as long as this level holds, we’d expect downtrend to continue. However, above 1.4840 level will indicate that a short term cycle bottom has been formed and the downtrend from 1.5062 has completed.{image "20091029_eurusd...EURUSD dropped sharply to 1.4218 level
EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at 1.4480, as long as this level holds, another fall could still be seen and next target would be at 1.4000-1.4050 area. However, above 1.4480 could indicate that a cycle bottom has been formed at 1.4218 and the fall from 1.5144 has completed, then the following uptrend could bring price back to 1.4600 or even higher...EURUSD drops from 1.4194 level
Being contained by the falling trend line on 4-hour chart, EURUSD drops from 1.4194 level. However, sideways movement could still be seen later today and one more bounce towards1.4250 resistance is still possible. Initial support is at 1.4029, a breakdown below this level could indicate that the downtrend from 1.4579 has resumed, then deeper decline could be seen to 1.3800 area.{image "20100127_eurusd_1.gif"}EURUSD drops sharply from 1.4026
EURUSD drops sharply from 1.4026 and reaches the lower border of the falling price channel on 4-hour chart. Minor consolidation of downtrend could be expected later today, however, another fall towards 1.3600 is still possible after consolidation. Resistance remains a the top of the price channel, only a clear break above the channel resistance could indicate that the fall from 1.4579 has completed.EURUSD failed to test 1.5144 previous high resistance
EURUSD failed to test 1.5144 previous high resistance, pullback towards 1.4900 zone to reach next cycle bottom on 4-hour chart would more likely be seen in a couple of days, however, a break below 1.5032 support is needed to confirm such case. On the other side, a break above 1.5144 level will signal resumption of longer term uptrend from 1.3748 (Jun 16 low), and then further rally is expected to 1.5200-1.5300 area.{image "20091204_eurusd_1.gif"}EURUSD failed to test the key support at 1.4649
EURUSD failed to test the key support at 1.4649 and rebounded from 1.4672 level, suggesting that the pair is back to range trading between 1.4649 and 1.4816. Initial resistance is at 1.4816, a break above this level will indicate that the uptrend from 1.3748 (Jun 16 low) has resumed, then further rise is expected to 1.5000 area. On the down side, key support remains at 1.4649, below this level will indicate that a short term cycle top has been formed at 1.4816 level on 4-hour chart and the short...EURUSD formed a cycle bottom at 1.4266
EURUSD has formed a short term cycle bottom at 1.4266 level on 4-hour chart. Bounce to 1.4500 area to reach next cycle top is expected in a couple of days. The price action from 1.4218 is treated as consolidation of downtrend from 1.5144 (Nov 25, 2009 high), another fall is still possible after consolidation and a breakdown below 1.4257 key support will signal resumption of downtrend.{image "20100111_eurusd_1.gif"}EURUSD formed a cycle top at 1.4457
EURUSD has formed a short term cycle top at 1.4457 level on 4-hour chart. Range trading between 1.4218 and 1.4457 is expected in a couple of days. As long as 1.4457 resistance holds, the price action from 1.4218 is treated as consolidation of downtrend from 1.5144 and one more fall towards 1.4100 is still possible after consolidation. However, a break above 1.4457 will indicate that the fall from 1.5144 has completed at 1.4218 already, then further rally could be seen to 1.4500 or even higher.{i...EURUSD formed a short term cycle top
EURUSD formed a short term cycle top at 1.5144 and dropped sharply to as low as 1.4828 last week. Range trading between 1.4801 and 1.5144 is possible in a couple of days. As long as 1.4801 support holds, the fall from 1.5144 is treated as consolidation of uptrend from 1.3748 (Jun 16 low), and another rise towards 1.5200-1.5300 area is still possible. However, below 1.4801 key support will indicate that the uptrend has completed at 1.5144 level already, then the falling downtrend could take price...EURUSD is in consolidation by support level
Negative trend is extended further downside, however concentration is formed by current support barrier at 1.3630 while resistance level holds at 1.4037. Wide trading range is created, however at the moment look for selling options just below support level. Breakout confirmation of support barrier is needed to continue bearish movement.{image "eurusd_20100208072927.jpg"}EURUSD looking to continue its momentum
EURUSD looking to continue its momentumEURUSD looking to make it to 1.4000
EURUSD is moving nicely towards 1.4000 level as predicted in our last two reports. Yesterday it took some retrace and gave traders another chance of selling EURUSD for 1.4000 level who might have missed out last time. Currently ay trader looking to enter will be eying an opportunity to sell EURUSD around 1.4144 level if EURUSD takes some minor retracement. Use of small trailing stop is not advised as the downward move is gradual and trailing stop might exit you earlier than expected.EURUSD looking to resume trend
EURUSD touched 1.3800 during retracement as discussed in our last report and as expected, it is looking to get back into its downward trend and head towards 1.3600 level, break of which will set 1.3450 as next target for EURUSD. RSI has also opened up after some retracement by EURUSD and it seems that it is all set to resume its trend. For those trades who missed on selling EURUSD just above 1.3800 level, they might get another chance before EURUSD takes a dip.EURUSD might be forming a cycle top at 1.4579
EURUSD might be forming a cycle top at 1.4579 level on daily chart. Fall to test 1.4218 support is expected next week, a breakdown below this level will confirm the cycle top and indicate that the downtrend from 1.5144 has resumed, then next target would be at 1.4000 zone. Resistance is at 1.4579, only rise above this level will suggest lengthier consolidation of downtrend is underway.For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.4000 area ...EURUSD possible trend line breakout
It looks like bulls are heading towards the trend line. Below trend line – negative zone remains. Above current trend – bears are in danger zone. Despite all these actions resistance level still holds bearish zone. However, at the moment waiting situation is better option with short term buying possibilities.{image "eurusd_20100216073629.jpg"}EURUSD pulled back from 1.4816
Being contained by 1.4843 previous high resistance, EURUSD pulled back from 1.4816 last Friday, suggesting that a short term cycle top is being formed on 4-hour chart. Key support is now located at 1.4649, a break below this level will confirm the cycle top and indicate that the uptrend from 1.4484 has completed, then the following downtrend could take price back to 1.4550 area. However, a break above 1.4843 previous high will suggest that the uptrend from 1.3748 (Jun 16 low) has resumed, then f...EURUSD pulled back from 1.5019
Being contained by 1.5062 previous high resistance, EURUSD pulled back from 1.5019, suggesting that a minor consolidation of uptrend from 1.4626 is on the way. Another fall towards the lower border of the rising price channel is possible later today. However, as long as the channel support holds, we’d expect uptrend to resume and further rise towards 1.5200 could be seen after consolidation. Key resistance is at 1.5062, above this level will confirm the resumption of long term uptrend from 1.3...EURUSD pulled back from 1.5062
Being contained by the upper border of the rising price channel on daily chart, EURUSD pulled back from 1.5062, suggesting that a cycle top is being formed. Further fall towards the bottom of the price channel is expected next week, a clear break below this channel support will indicate that the uptrend from1.3748 has completed at 1.5062 level already, then deeper decline is expected to test 1.4484 key support. However, as long as the channel support holds, another rise towards 1.5200 area is st...EURUSD rebound back to support is confirmed
Like it was stated in previous analysis a rebound back to support level is confirmed now. Look for more selling options below support barrier. Bears are confident enough in order to slide further downside.{image "eurusd_20100218071932.jpg"}EURUSD rebounded from 1.4626 level
After touching the lower border of the rising price channel on daily chart, EURUSD rebounded from 1.4626 level. The rise from 1.4626 is more likely resumption of uptrend from 1.3748, another rise towards 1.5200 is now in favor. Key support level is located at 1.4626, fall below this level will indicate that the uptrend from 1.3748 has completed at 1.5062 already, then the following downtrend could take price back to 1.4000 area.For long term analysis, EURUSD remains in long term bullish movement...EURUSD runs in a rising price channel
EURUSD runs in a rising price channel on 4-hour chart and continue its upward trend from 1.4484. Further rally is still in favor and next target would be at 1.5100 zone. Support is now at the lower border of the price channel, as long as the channel support holds, uptrend will continue. However, a breakdown below 1.4827 key support will indicate that the rise from 1.4484 has completed, then the following pullback will take price to 1.4700-1.4750 area.{image "20091022_eurusd_1.gif"}EURUSD seems to have completed its retracement
EURUSD took retracement towards 1.4180 level as expected and some brokers also filled the sell limit for us as well. The plan seems to stay the way it was pointed out last time and we expect that EURUSD will take an early dip during this week and we might see EURUSD touching 1.4000 level. RSI has opened up a bit after two days of retracement and seems to have set itself up perfectly for a move towards 1.4000 level.EURUSD sharp slide below support
Bears once again did manage to break the support level at 1.3860. Negative trend remains active and in order to recover for bulls, prices need to slide above support level and break the trend line. At the moment, while candles remain below 1.3860 - selling options are a on a table.{image "eurusd_20100205072732.jpg"}EURUSD stays below a falling trend line
EURUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5140, and the fall extends further to as low as 1.4218 level. Deeper decline is still possible and next target would be at 1.4150 area. Resistance is at the falling trend line on 4-hour chart now at 1.4325, as long as this level holds, we’d expect downtrend to continue. However, above 1.4325 could indicate that a short term cycle bottom has been formed and minor consolidation in a range between 1.4200 and 1...EURUSD stays below a falling trend line
EURUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5140. As long as the trend line resistance holds, downtrend could be expected to continue and next target would be at 1.4150-1.4200 area. Key resistance is now located at 1.4450, only rise above this level could indicate that a short term cycle bottom has been formed at 1.4261, then correction of downtrend could be seen to follow.{image "20091221_eurusd_1.gif"}EURUSD stays in a rising price channel
EURUSD stays in a rising price channel on 4-hour chart, and the price action in the channel is more likely consolidation of downtrend from 1.5144. Lengthier consolidation is still in favor and one more rise towards the upper border of the price channel is expected later today. Initial support is located at the bottom of the price channel and key support is now at 1.4257, a break below this level will indicate that the downtrend has resumed and another fall towards 1.4000 could be seen.{image "20...EURUSD taking retracement
EURUSD is taking some retracement after taking a good dip below 1.3600 level and we might see EURUSD making another move towards 1.3600 during this week but before doing so, we might see EURUSD heading towards 1.3800 level to take its retracement. RSI is also on the lower side and is pushing EURUSD upwards so some retracement was due. Once EURUSD completes its retracement, we might see another sharp dip by EURUSD. Currently a good selling level can be seen just around 1.3800 level.EURUSD tested 1.4670 support yesterday and held so far
News out from Bershire Hathaway just prior to the US open that they are buying Burlington Northern raised the S&P 500 futures off the morning lows. Look like good buying interest below 1030 that will most likely support prices going into Friday’s US nonfarm payrolls. Volume picking up over the last few days and we get the sense that a lot of players are now making adjustments to their positions coming into FOMC tomorrow and of course Friday’s US nonfarm payrolls. Regarding FOMC we expe...EURUSD traded in a narrow range
After breaking below 1.3585 previous low, EURUSD traded in a narrow range. Deeper decline is still in favor and next target would be at 1.3400 area. Resistance is at the upper border of the falling price channel on 4-hour chart and key resistance is at 1.3838, a break above this level will indicate that the fall from 1.4579 has completed at 1.3531 already, then the following bounce could take price back to 1.4000 or even higher.EURUSD traded in a narrow range
After breaking above the falling trend line on 4-hour chart, EURUSD traded in a narrow range between 1.4888 and 1.4999. A break above 1.4999 will confirm the the rise from 1.4801 is resumption of longer term uptrend from 1.3748 (June 16 low), then another rise towards 1.5200 is expected to follow. Support level is at 1.4888 followed by 1.4801, only fall below these levels could indicate that the pair remains in a larger trading range between 1.4626 and 1.5062 and lengthier consolidation in the r...EURUSD traded in a narrow range
EURUSD traded in a narrow range between 1.4218 and 1.4457 for several days. As long as 1.4457 resistance holds, downtrend from 1.5144 could be expected to continue and another fall towards 1.4000 area is still possible. However, a break above 1.4457 key resistance could indicate that a cycle bottom has been formed at 1.4218 on daily chart, and the fall from 1.5144 has completed, then further rally could be seen to 1.4600 or even 1.4700.For long term analysis, EURUSD has formed a cycle top at 1.5...EURUSD will look for retracement
EURUSD took a sharp dip, as expected, towards 1.4000 level but was just not able to make it to that mark. We might see EURUSD making another attempt towards 1.4000 level but before doing so, we expect some retracement by EURUSD. What traders will look now to is different retracement levels EURUSD has to offer. The fist interesting selling level can be see at 1.4180 and the second at 1.4280 level. Most traders might look for levels in between those two levels.EURUSD's uptrend from 1.4626 extended to as high as 1.5020
EURUSD’s uptrend from 1.4626 extended to as high as 1.5020. Further rise to test 1.5062 is possible later today. Support is now located at the rising trend line from 1.4626 to 1.4811, as long as the trend line support holds, we’d expect uptrend to continue, however below the trend line support will suggest a minor consolidation is under ways, then pullback to 1.4920-1.4950 is expected to follow.{image "20091110_eurusd_1.gif"}EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...Earnings Reports to Dictate U.S. Dollar's Direction
Positive earnings reports are expected to continue to put pressure on the U.S. Dollar as traders continue to leave the safe haven currency for higher risk assets. The EUR USD is trading higher this morning despite efforts from the European Central Bank and other Euro Zone members to weaken it with comments addressing their concerns about the possible negative effects on Euro Zone exports. European Central Bank President Trichet said “excessive volatility” in currency rat...Earnings!!!
Tis the season folks. Will we have Santa or the Grinch. As we sit in this annoying 1060 to 1080 S&P 500 gap we are won
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