FXstreet.com: Technical: Technical Analysis Reports

Low Demand for Equities Indicative of Top

info@forexhound.com (ForexHound.com) — Sat, 07 Nov 2009 08:35:40 GMT

U.S. equity markets traded sideway-to-better after the government released a weaker than expected jobs report. The unemployment rate hit also hit a 26-year high at 10.2%. The bears see this report as a sign the economy is worsening. The bulls read it as a chance to continue to demand higher risk because it reduces the likelihood of a Fed rate hike until mid-2010. This means that liquidity will be readily available for at least the next six months. While this may be

Dollar Finishes Mixed in Sluggish Trading

info@forexhound.com (ForexHound.com) — Sat, 07 Nov 2009 08:33:17 GMT

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. The Dollar was

Gold Weekly Technical Outlook

contact@oilngold.com (Oil N' Gold) — Sat, 07 Nov 2009 07:05:46 GMT

Comex Gold (GC) Gold resumed the long term up trend last week and surged to as high as 1101.9 so far. While intraday upside momentum is diminishing a bit, further rise is still in favor as long as 1084 minor support holds, towards next fibonacci target of 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2. On the downside, though, below 1084 will turn intraday bias neutral and bring pull back, possibly to 4 hours 55 EMA (now at 1071.4) before staying another rise. In the bigger picture,

EURUSD rebounded from 1.4626 level

info@forexcycle.com (ForexCycle.com) — Sat, 07 Nov 2009 05:19:23 GMT

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

Comprehensive FX and Futures Daily Research

info@fastbrokers.com (FastBrokersFX) — Fri, 06 Nov 2009 16:44:20 GMT

Daily Market Commentary EUR/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,

U.S. Markets Brace for Jobs Data

info@forexhound.com (ForexHound.com) — Fri, 06 Nov 2009 13:30:31 GMT

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. The U.S. jobs report will set the tone for the day as it represents a way to gauge the health of the economy - namely consumer spending. This year’s report

Dollar Trading Lower Ahead of U.S. Jobs Data

info@forexhound.com (ForexHound.com) — Fri, 06 Nov 2009 13:20:29 GMT

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. Yesterday the Bank of England announced that interest rates would remain at the historically low 0.50% level. The BoE did increase its quantitative easing program

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Fri, 06 Nov 2009 12:31:19 GMT

EUR/USD Current price: 1.4875 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 1.4970 GBP/USD Current price:

FX Thoughts for the Day

info@kshitij.com (Kshitij Consultancy Service ) — Fri, 06 Nov 2009 12:04:11 GMT

USD-CHF @ 1.0161/65...Resistance in the region 1.0185-0200 R: 1.0185-0200 / 1.0230 / 1.0280 S: 1.0150-30 / 1.0050 / 1.0005 Swiss is trading in a narrow range of 1.0140-75. As no significant move was not seen on either side, our view continue to remain the same on the pair. On the upside Resistance is seen in the region 1.0185-0200 which we expect to hold in the US session today and the overall downtrend to continue targeting 1.0 over the next few days. However, if the Support at 1.0150

The USD climbed to 90.62 versus the JPY

info@varengold.de (Varengold Wertpapierhandelsbank AG) — Fri, 06 Nov 2009 11:13:18 GMT

Good morning from Hamburg and welcome to our last FX Report of this week. The AUD climbed against its most major counterparts and the government spoke about a faster recovery from the financial crisis as expected. We wish you much success and have a nice weekend. Market review The USD headed for a weekly loss versus the EUR and reached 1.4877 before a U.S. government report forecast to show that U.S. employers cut fewer jobs last month. This increases the demand for higher yielding assets.

Forex Technical Analysis on Majors

office@deltastock.com (www.deltastock.com) — Fri, 06 Nov 2009 10:10:15 GMT

EUR/USD Current level-1.4876 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. The pair is still in the consolidation pattern below 1.4935 and the overall bias remains positive for 1.5063 high. Crucial on the downside is 1.4810 low. A break above 1.4917 is to be expected later during the day and it should target 1.4984 and

Daily Forex and Dow Jones Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Fri, 06 Nov 2009 09:48:05 GMT

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 о n

Eurodollar Future – March 2010

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 06 Nov 2009 09:09:45 GMT

Comment: Investors appear to be as happy now with five-year TNotes as they are with two’s, so benchmark yields look set to test the pivotal 2.25% level. Front Eurodollar and Fed Funds futures have again inched up to new contract highs though the European cash market is as dead as a dodo. Technically this contract has broken above the top of a ‘triangle’ at the apex of a very large ‘wedge’, moving averages and the Ichimoku ‘cloud’ are still very much in bullish mode. It ought to follow-through

Sharp Fall of Euro Bullish Potential

info@forexltd.co.uk (Forex Ltd) — Fri, 06 Nov 2009 08:59:09 GMT

E UR The pre-planned long positions from key supports were implemented with the achievement of minimal estimated targets. OsMA trend indicator having marked activity fall of both parties, does not clarify the choice of planning priorities for today. Therefore, considering the suppositions of further rate range movement we can assume probability of rate return to 1,4820/40 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of

Today's Trading Signals

info@ftanalysis.com (Financial Trend Analysis) — Fri, 06 Nov 2009 08:45:44 GMT

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

All probably comes down to the US payrolls figure out on Friday

info@avantagefinancial.ch (Avantage Financial GMBH) — Fri, 06 Nov 2009 08:47:43 GMT

Market comment 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

Bulls Snap Back...Take 50's With Them..For Now...

info@advicetrade.com (SwingTradeOnline.com) — Fri, 06 Nov 2009 08:11:17 GMT

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

EURUSD Technical Analysis

fxquestions@investija.com (Investija.com) — Fri, 06 Nov 2009 07:46:09 GMT

EURUSD even though bulls did manage once again to jump out of neutral area, bulls are still not that confident as they should be. Waiting is better option now to take, bulls need to make a decision - surrender or slide upside. It looks like bears at the moment have more potential to overcome bulls.

EUR: Possibly attempt tiny longs at 1.4870; stop below 1.4700

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 06 Nov 2009 07:30:08 GMT

EUR 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/JPY Comment: Still thrashing around in the middle of this year’s broad range. With momentum just bearish, the Euro not oversold against the Yen, and a small ‘spike high’ Wednesday should sent this pair back down to 132.00, and eventually

EURUSD, GBPUSD & USDJPY Support & Resistance Analysis

info@ransquawk.com (RANsquawk) — Fri, 06 Nov 2009 06:35:43 GMT

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

EUR/USD: (1.4880) In channel off 1.3832

piet.lammens@kbc.be (KBC Bank) — Fri, 06 Nov 2009 06:25:31 GMT

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), ahead of 1.4786 (daily Long Term Moving Average↑), where pause

USDCAD consolidates in a narrow range above 1.0594

info@forexcycle.com (ForexCycle.com) — Fri, 06 Nov 2009 01:59:44 GMT

After a sharp drop from 1.0852, USDCAD consolidates in a narrow range above 1.0594. Another fall is expected after consolidation and next target could be at 1.0400 area. Resistance level is now at 1.0735, and key resistance is located at 1.0852, only rise above this level will indicate that the uptrend from 1.0206 has resumed, then another rise towards 1.1000 could be seen to follow.

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Thu, 05 Nov 2009 23:32:16 GMT

EUR/USD Current price: 1.4868 As comment on last update, pair remains in a tight range ahead of U.S. employment data. Hourly chats show flat indicators thus pair remains above 20 SMA. Bigger time frames however, remain bullish, and with current improvement in risk appetite after DJIA futures reached the 10.000 level, pair is set for an upside continuation; 1.4925 is key resistance level to watch, as an acceleration above that level will suggest an approach to 1.5000 level. Support levels:

USDJPY targeting 91.20

fx.analysis@z2fx.com (Z2FX) — Thu, 05 Nov 2009 22:32:41 GMT

Quiet Day...What Is The WLSH Chart Saying?

info@advicetrade.com (SwingTradeOnline.com) — Thu, 05 Nov 2009 18:55:56 GMT

I included that one tonight because it is the total market chart. It is not a very good looking one from the bulls perspective. It shows how it lost massive support when it fell below its trend line, 20- and 50-day exponential moving averages. Today it cleared back above all of those levels to get the bulls very excited. Problem was that the market trades for 6.5 hours per day, not 5.5. The last hour saw a long plunging tail, which allowed it to close back below the 20- and 50-day exponential

Comprehensive FX and Futures Daily Research

info@fastbrokers.com (FastBrokersFX) — Thu, 05 Nov 2009 15:40:36 GMT

Daily Market Commentary EUR/USD Jumps Higher after ECB Policy Decision Both 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. Therefore,

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Thu, 05 Nov 2009 14:50:01 GMT

EUR/USD Current price: 1.4880 Pair has tested the 1.4920 area after ECB’s rate decision, still unable to confirm above the 61.8% of the last daily fall from 1.5060 to 1.4625. With hourly indicators slightly bullish, pair needs to confirm further rises breaking above 1.4900 area; Bigger time frames however, show indicators exhausted to the upside, still not giving selling signals. First support comes at 1.4850 area, followed by 1.4810; under this last pair can lose momentum and trigger a

Bank of England Policy Decision Could Trigger Volatile Moves

info@forexhound.com (ForexHound.com) — Thu, 05 Nov 2009 13:13:57 GMT

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. The Bank of England is the wildcard

U.S. Dollar Trades Higher Ahead of BoE and ECB Decisions

info@forexhound.com (ForexHound.com) — Thu, 05 Nov 2009 13:13:15 GMT

The U.S. Dollar is trading higher this morning after yesterday’s volatile day and today’s Bank of England and European Central Bank Policy meetings. The lack of follow-through to the upside following yesterday’s sell-off has to be of some concern to the short Dollar traders. On Wednesday, the Fed basically handed aggressive Dollar bears a thirty day pass when it decided to remain committed to its low interest rate policy for an “extended period” of time. This should

Currency Technical Report

trading@fxgreece.gr (FXGreece) — Thu, 05 Nov 2009 12:56:11 GMT

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 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 and then 1,5060-70. As you can see in the daily chart, Bollinger

FX Thoughts for the Day

info@kshitij.com (Kshitij Consultancy Service ) — Thu, 05 Nov 2009 11:49:52 GMT

USD-CHF @ 1.0175/79...Holding Short R: 1.0185-0200 / 1.0230-50 / 1.0285 S: 1.0150 / 1.0100-0080 / 1.0050 The Resistance region 1.0185-0200 mentioned in the morning held during the day as expected. As any sharp move on either side was not seen during the day, our view remains the same on the pair. We expect the Resistance region (1.0185-0200) to hold in the US session also and the overall downtrend to continue. However, a break above 1.0200 might see a rise towards 1.0230-50. On the downside a

Crude Oil Daily Technical Outlook

contact@oilngold.com (Oil N' Gold) — Thu, 05 Nov 2009 11:36:39 GMT

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

The USD and the JPY climbed versus the EUR

info@varengold.de (Varengold Wertpapierhandelsbank AG) — Thu, 05 Nov 2009 11:34:59 GMT

Good morning from beautiful Hamburg. Today, we will report about the JPY and its continuing upward trend. This time, the JPY gained against all of its 16 major counter parts. Additionally, we show some stocks data from Japan. We wish you a good trading day. Market review The USD and the JPY climbed versus the EUR . The slow recovery from the world financial crisis increases the demand for the JPY as a refuge. Versus the JPY , the EUR reached 133.94. The USD rose to 1.4839 against the EUR . The

Forex Technical Analysis on Majors

office@deltastock.com (www.deltastock.com) — Thu, 05 Nov 2009 09:33:31 GMT

EUR/USD Current level-1.4818 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. With the break above 1.4850 resistance, the downtrend from 1.5063 was confirmed to be completed, so there is no current trend on the 2 and 4 h. charts. Nevertheless, the bottom at 1.4623 was a test of the 50-day SMA on the daily chart and the

Financial Trend Analysis Strategy: Long GBPUSD

info@ftanalysis.com (Financial Trend Analysis) — Thu, 05 Nov 2009 09:04:53 GMT

THe GBP Posted Sharp Gains Against the USD

info@UFXBank.com (UFX Bank) — Thu, 05 Nov 2009 09:22:46 GMT

Daily Review 5/11/2009 USD Dollar (USD) – The Dollar fell across the board on the FED decision to leave interest rates at their historic lows of 0.25%. Stocks ended mostly up in the U.S. but far from their daily highs. The ADP National Employment Report came out -203K worse than -190K expected. The Dow Jones rose by 0.31%, The Nasdaq closed almost unchanged with -0.09% decrease and the S&P added 0.1%. Gold (XAU) continued to rise and posted new record highs at $1,097. Crude oil rose for

Euro Range Trading

info@forexltd.co.uk (Forex Ltd) — Thu, 05 Nov 2009 09:00:17 GMT

E UR The pre-planned break-out variant for buyers was implemented and the achievement of estimated target is supported by bullish activity progress marked by OsMA trend indicator ay the break of key resistance range levels. At the moment, considering descending direction of indicator chart we can assume probability of rate return to close Ichimoku cloud border at 1,4800/20 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts

Euribor – March 2010

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Thu, 05 Nov 2009 08:28:13 GMT

Comment: Slow work but Euribor contracts are trading higher, propelled by trendline and Ichimoku cloud support, the Lagging Span helped up by the 26-day moving average. Price action since September looks increasingly like ‘triangle’ consolidation and, being a continuation pattern, hints at a break to new contract highs this month – helped along by moving averages which have turned bullish. Central bankers will probably do anything to avoid the merest whiff of year-end pressures as seen in 2007

EURUSD Technical Analysis

fxquestions@investija.com (Investija.com) — Thu, 05 Nov 2009 07:30:39 GMT

EURUSD once again bulls showed their strength by climbing above resistance. At the moment it looks like that trading range is formed, buy near support, sell by resistance level. Neutral zone is created, and while candles remain between these two barriers, further jumping is expected.

EUR/JPY: Attempt shorts at 134.00; stop above 135.85

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Thu, 05 Nov 2009 07:17:39 GMT

EUR 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. Strategy: Possibly attempt small longs at 1.4820 but only if prepared to add to 1.4700; stop below 1.4620. Short term target 1.4900/1.4930.