FXstreet.com: Technical: Technical Analysis Reports

Daily Commodity Overview

info@dukascopy.com (Dukascopy Swiss FX Group) — Thu, 09 Feb 2012 09:37:30 GMT

Precious Metals Precious metals have been showing volatile behavior on the uncertainties over sover-eign debt crisis resolution and adherence to the troika demands on fiscal and structural reforms. After Greece’s maneuver to buy itself more time for reforms, gold prices surged on Greek optimism and paused near $1,745 an ounce. Silver also added to two-month high gains, as well as gold for April delivery and silver for March delivery surged. Still, demand for gold remained quite feeble in

Technical Outlook for Major Currencies

research@dailyfx.com (DailyFX) — Thu, 09 Feb 2012 09:35:58 GMT

The break above 1.3300 in EUR/USD opens the door for additional gains potentially towards the 1.3450 area over the coming sessions. However, at that point, we will finally start to look for opportunities to fade the strength in anticipation of broader underlying bear trend resumption.

EURUSD and GBPUSD for ECB and BoE Decisions or EURGBP?

research@dailyfx.com (DailyFX) — Thu, 09 Feb 2012 09:32:16 GMT

Having moved in fits and starts, the Euro and British pound may finally find a catalyst with enough influence to stir the market. A lot of speculation has built up heading into the ECB and BoE rate decisions due in the upcoming European session. Will the Bank of England follow through with expectations for another bond purchase program increase? Will the ECB vow greater accomodation in its already unique financial fire-fighting role? What we should really ask, however, is whether EURUSD and

Global Stock Market Review

info@dukascopy.com (Dukascopy Swiss FX Group) — Thu, 09 Feb 2012 09:27:17 GMT

S&P 500 Index S&P 500 index traded higher on Tuesday as data showed consumer borrowing surged in December and Greek officials said they are close to approve budged measures. US stock index gained 0.2% or 2.72 points and closed at 1,347.05 with seven of ten sectors posting gains. Anadarko Petroleum Corp. jumped 5.2% after oil producer’s profit beat Wall Street expectations. Sears Holdings was the winning stock on Tuesday, advancing 6%. On the negative side Alpha Natural Resources

Daily Majors and Commodities Technical Analysis

info@acfx.com (ACFX) — Thu, 09 Feb 2012 09:00:40 GMT

EUR USD TREND: Upward

Strategy for today: long USD/JPY

info@ftanalysis.com (Financial Trend Analysis) — Thu, 09 Feb 2012 08:32:19 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

The EUR was able to keep its two-day advance versus the JPY

info@varengold.de (Varengold Wertpapierhandelsbank AG) — Thu, 09 Feb 2012 08:34:49 GMT

Good morning from beautiful Hamburg and welcome to our Daily FX Report. Today, various important figures will be released in the US and Europe in conjunction with the announcement of the latest key interest benchmarks. However, we wish you a great day and much success in trading. Market Review – Fundamental Perspective After the resumed negotiations concerning further reductions in pension benefits between the Greek Prime Minister Papademos, the representatives of European Union and the

Technical Summary for Majors

customerservices@windsorbrokersltd.com (Windsor Brokers Ltd) — Thu, 09 Feb 2012 08:02:35 GMT

EUR/USD Maintains near-term positive tone, breaking briefly above 1.3300 barrier, after yesterday’s 1.3287/14 consolidation. The price approaches 90 day SMA, currently at 1.3320, break of which to signal a resumption of short-term uptrend and focus 1.3429, Fibonacci level. Overbought near-term studies, however, suggest corrective action may precede fresh bulls. Initial supports lie at 1.3232 and 1.3214, yesterday’s range floor, while loss of 1.3200 handle, also 20 day SMA, would delay. Res:

Daily Strategic Report

info@fxmarketreport.com (FX Market Report) — Thu, 09 Feb 2012 08:10:03 GMT

OVERVIEW Today, Thursday, sees a series of long‐awaited meetings and events. In the UK the BoE meet and are expected to leave rates unchanged at 1.0% whilst beiginning another rpund of QE with most expecting a further £50bn of bond purchses. Over in Europe it is the turn of the ECB as well. No rate change is ecpected but eyes and ears will on their news conference and policy guidance on Greek debt writedowns. The euro group of finance ministers are also scheduled in meet. In Athens things

Currency Majors Technical Analysis

forex@mataf.net (Mataf.net) — Thu, 09 Feb 2012 07:39:45 GMT

USD/CHF - US Dollar / Swiss Franc Entry : 0.9105 Stop : 0.914 Resistances : 0.915 - 0.9125 - 0.911 Supports : 0.9 - 0.9035 - 0.909 EUR/AUD - Euro / Australian dollar Entry : 1.2295 Stop : 1.226 Resistances : 1.241 - 1.2375 - 1.232 Supports : 1.2175 - 1.2235 - 1.228 EUR/USD - Euro / US Dollar Resistances : 1.345 - 1.3355 - 1.331 Supports : 1.303 - 1.3095 - 1.3235 USD/JPY - US Dollar / Yen Resistances : 77.8 - 77.6 - 77.25 Supports : 76.5 - 76.85 - 76.95 GBP/USD - British Pound / US Dollar

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Thu, 09 Feb 2012 06:19:55 GMT

EUR/USD Current price: 1.3302 View Live Chart for the EUR/USD Break above the 1.3235-44 region keeps focus higher to potentially reach 1.3460 level. EUR/USD regained a key technical foothold yesterday only to consolidate ahead of a Greek/Troika deal on austerity reforms, which should see a phase of stronger positional adjustment in the FX market. Support levels: 1.3240 1.3200 1.3170 Resistance levels: 1.3270 1.3280 1.3300 GBP/USD Current price: 1.5845 View Live Chart for the

AUD/USD during Asia drifted down to find support at 1.0780

info@compassmarkets.com (Compass Global Markets) — Thu, 09 Feb 2012 05:52:31 GMT

AUD/USD during Asia drifted down to find support at 1.0780 with no real momentum to back below small bids which built up towards the end of the US session. It wasn’t until the European morning and a positive run of the majors and again some caught intraday shorts buying as the pair again broke above 1.0800, which saw a test and break of the previous high to post a 6mth top of 1.0845. Slow US equity markets and the Troika draft report being delivered to the market has got the markets asking

Gold our move to a neutral stance on gold

info@compassmarkets.com (Compass Global Markets) — Thu, 09 Feb 2012 06:01:32 GMT

GOLD our move to a neutral stance on gold in the short term has been validated over the past week as the strong uptrend has clearly stalled. The range overnight was $1,724 to $1,751. Gold looks likely to maintain this range for the short term as investors seek further developments and clarification of the situation in Europe. Gold opens the morning at $1,732. Given our neutral short term bias we expect more of the same with gold expected to maintain recent ranges for now. It will only take

Hanging Very Tough....

info@advicetrade.com (SwingTradeOnline.com) — Thu, 09 Feb 2012 05:26:18 GMT

You have to hand it to the bulls as they just refuse to give up the gains in this market. For now, anyway. You have to wonder how long they can hold things up this well into very overbought conditions on the daily index charts. The market tried a few times to sell things down, but it refused to cave in. The folks on the side lines that have missed a lot of this move are anxious to get in on any weakness, thus, the bears are having a rough time keeping things down. It'll happen at some point

The Forex pairs we are looking at

fxanalysis@akfinancials.net (AKFinancials LTD) — Thu, 09 Feb 2012 03:27:14 GMT

The pound, Euro and U.S dollar are releasing big fundamentals tomorrow. I usually avoid trade set ups when multiple fundamentals come out in one day, especially around the same time. The ECB press conference is also taking place tomorrow which can sway the markets one way or another. With so many unknown variables, it is difficult to determine which way the market is going to move, let alone have potential trade set ups. For this reason i don't have any Forex pairs that I am currently

USDCAD broke above downward trend line

info@forexcycle.com (ForexCycle.com) — Thu, 09 Feb 2012 03:16:22 GMT

USDCAD broke above the downward trend line on 4-hour chart, suggesting that a cycle bottom is being formed at 0.9926. Range trading between 0.9926 and 1.0050 would likely be seen in a couple of days. As long as 1.0050 resistance holds, the bounce is treated as consolidation of downtrend from 1.0318, and one more fall towards 0.9800 is still possible after consolidation. On the upside, a break above 1.0050 will signal completion of the downtrend, then further rally could be seen to

Daily Forex and Dow Jones Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Thu, 09 Feb 2012 02:37:37 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 and 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 23.10.2008) . Dow

EURUSD Heading to 1.3350′s

http://forexalliance.com/contact/ (ForexAlliance) — Wed, 08 Feb 2012 23:46:03 GMT

After Bernanke’s testimony and the rumors about positive outcome from Greece negotiations, the pair broke 1.3220, heading to 1.3285′s. 1.3240-1.3350 is my sell zone for medium term. The upside move can continue till 1.3440′s, but I don’t expect it to go further than this level. A move starting from 1.3300′s could lead to 1.3180-1.3080-1.2970 and 1.2870 respectively. For today, 1.3320-1.3180 range is reasonable as I don’t expect a major move before ECB rate decision. After the rate decision

AUDUSD - Upside Momentum Loss in the Form Of ...

marketing@marketvisiontv.com (MarketVision TV) — Wed, 08 Feb 2012 17:27:59 GMT

Technical Summary for Majors

customerservices@windsorbrokersltd.com (Windsor Brokers Ltd) — Wed, 08 Feb 2012 14:54:04 GMT

EUR/USD Near-term price action remains congested within 1.3240/1.3285 band, after yesterday’s strong rally cleared strong 1.3232 barrier and extended gains close to next target at 1.3300. Further easing is not ruled out, as hourly studies are losing momentum, with immediate support zone at 1.3240/32 and Fibonacci 38.2% at 1.3200. Resumption of short-term uptrend focuses 1.3322, 90 day SMA, than 1.3400, figure resistance and 1.3425 Fib 50%. Res: 1.3285, 1.3300, 1.3320, 1.3460 Sup: 1.3232,

Here Is Why Oil Prices Are Key

dave@aspentrading.com (Aspen Trading Group) — Wed, 08 Feb 2012 14:53:02 GMT

Following up on yesterdays posting: http://www.fxstreet.com/technical/analysis-reports/fx-technical-commentary/2012/02/07/ I wanted to provide an updated chart on crude oil: Higher oil prices are supportive of a 'risk related' rally across all asset classes. Look for sustained gains in the S&P 500 and the likes of AUD/USD, while weakness in USD/NOK and the U.S. dollar in general will also prevail.

Technical Daily Analysis

requestinfo@proacttraders.com (ProAct Traders) — Wed, 08 Feb 2012 14:29:02 GMT

$EURUSD–bounce? Currently we are @ 1.3275 and looking for a continuation north. The first target is the psychological area @ 1.3350 with further targets the R5 @ 1.3396. A break down south targets the 1.3172 area (we could bounce here).

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Wed, 08 Feb 2012 14:38:14 GMT

EUR/USD Current price: 1.3254 View Live Chart for the EUR/USD EURUSD remains strong though the pair is retracing to the short term support at 1.3240 after rising more than 150 pips since yesterday's lows. It looks like the market is in "buy the rumour, sell the fact" mode so a correction back to the hourly EMA 200 seems likely in the next hours as long as we have some news from Greece. Support levels: 1.3240 1.3200 1.3170 Resistance levels: 1.3270 1.3280 1.3300 GBP/USD

Currency Majors Technical Analysis

forex@mataf.net (Mataf.net) — Wed, 08 Feb 2012 12:47:08 GMT

USD/CHF - US Dollar / Swiss Franc Entry : 0.913 Stop : 0.9165 Resistances : 0.9225 - 0.918 - 0.914 Supports : 0.9 - 0.9065 - 0.9105 USD/CAD - US Dollar / Canadian Dollar Entry : 0.995 Stop : 0.9975 Resistances : 1.0025 - 0.999 - 0.9955 Supports : 0.99 - 0.992 - 0.994 EUR/USD - Euro / US Dollar Resistances : 1.337 - 1.3325 - 1.329 Supports : 1.303 - 1.309 - 1.324 USD/JPY - US Dollar / Yen Resistances : 77.25 - 77.1 - 76.9 Supports : 76.1 - 76.5 - 76.7 GBP/USD - British Pound / US Dollar

Daily FX Retail Trader Contrarian Analysis

contact@pivotfarm.com (Pivotfarm) — Wed, 08 Feb 2012 10:20:01 GMT

EURUSD Mid-Week Analysis

info@fxempire.com (FXEmpire.com) — Wed, 08 Feb 2012 09:55:03 GMT

After an almost two week hiatus, the EUR USD resumed on Tuesday its almost month long uptrend. The inability to break the currency back below the psychological 1.30 level was a sign that big money was defending this area. It also meant that the market was ahead of the news and that bullish traders were waiting for a big event. The penetration of the January high at 1.3233 confirmed last month’s closing price reversal bottom. It also puts the market in a position to post a solid 2 to 3 month

Investors favoured the deal coming out of Europe

fxanalysis@akfinancials.net (AKFinancials LTD) — Wed, 08 Feb 2012 09:44:32 GMT

Investors favoured the deal coming out of Europe so we experienced great moves in the market today. The euro, the pound and the commodity dollars rallied aggressively Vs.Usd and the Yen. Most pairs are exhausted at this point and are currently retracing, for this reason there aren’t many pairs I’m currently looking at, even with the ones I am, im not certain the retracements will finish tomorrow. Eur.Usd This pair broke through the sideways channel and is currently retracing to meet lower

Daily Commodity Overview

info@dukascopy.com (Dukascopy Swiss FX Group) — Wed, 08 Feb 2012 09:41:09 GMT

Precious Metals Precious metals demonstrated some weakness amid strengthening Dollar. In light of the positive Friday’s report on US unemployment and shrinking expectations on the Fed’s supplementary monetary easing to assist the economy. Although gold is 10% up since January, if the US economy indicates faster recovery than the Euro area, gold may find it extremely problematic to come back to the previous high gains. Gold is anticipated to have support at $1,710, while silver trades lower in

EURUSD Ignores Greece, Follows Dow and Risk Trends to Breakout

research@dailyfx.com (DailyFX) — Wed, 08 Feb 2012 09:27:31 GMT

Though momentum behind the drive is restrained, the bullish move from the Euro and risk trends continues undeterred by looming fundamental risks. While the EURUSD faces significant troubles in the ongoing Greek solution and the Dow Jones Industrial Average trend looks especially mature against the outlook for earnings, the positive risk trend continues. We look at the risk/reward considerations of falling in with the trend and attempting to play the consistent contrarian in today's video.

Global Stock Market Review

info@dukascopy.com (Dukascopy Swiss FX Group) — Wed, 08 Feb 2012 09:27:45 GMT

S&P 500 Index S&P 500 index retreated from gains on Monday on renewed investor concerns about Greece’s ability to meet all the requirements to receive a bailout financing. The index slipped 0.04% or 0.57 points and closed at 1,344.33. Health insurer Humana fell 5.4% after reporting less than expected revenue and lower than predicted earnings’ outlook for 2012. Micron Technology lost 3% on the news that company’s CEO Steve Appleton died in a plane crash. Verizon Communications added

Forex Technical Analysis on Majors

office@deltastock.com (www.deltastock.com) — Wed, 08 Feb 2012 09:29:09 GMT

EUR/USD February 8, 2012 Current level - 1.3266 The recent break above 1.3230 confirms, that the consolidation pattern above 1.3030 is already over and the overall uptrend is renewed, towards 1.3540 major resistance. The intraday bias is positive as well, supported at 1.3210-30, heading towards 1.3360 mark. Crucial on the lower frames is 1.3160, followed by the major one at 1.3030.

Strategy for today: long GBP/USD

info@ftanalysis.com (Financial Trend Analysis) — Wed, 08 Feb 2012 08:37:27 GMT

Daily Majors and Commodities Technical Analysis

info@acfx.com (ACFX) — Wed, 08 Feb 2012 08:30:45 GMT

EUR USD TREND: Upward

Technical Summary for Majors

customerservices@windsorbrokersltd.com (Windsor Brokers Ltd) — Wed, 08 Feb 2012 08:03:52 GMT

EUR/USD Break above 1.3232, previous high / Fib 38.2% of 1.4246/1.2622, ended near-term corrective phase that found ground at 1.3025, where fresh strength emerged and triggered fresh extension of short-term uptrend from 1.2622, 13 Jan low. Immediate upside target at 1.3300 comes under pressure, with more significant levels at 1.3320, 90 day SMA and 1.3400/30, figure resistance / Fib 50%, coming in focus. Short-term studies remain positive, however, overbought conditions warn of correction.

IMM Currency Specs increased long Australian dollar, latest CFTC data shows

info@pfgbest.com (PFGBEST) — Wed, 08 Feb 2012 07:55:06 GMT

-20th straight week of net long US dollar bets. -Euro zone debt crisis continues to dominate currency news -Large Speculators increase net short positions in Australian dollar -Large Speculators cut bets net short Euro by 16% CFTC data released Friday February 3rd shows IMM currency speculators increased bets net short the Euro to yet another all-time record high. The most recent Commitments of Traders data shows some significant percentage changes in speculative positions in the currencies

Daily Strategic Report

info@fxmarketreport.com (FX Market Report) — Wed, 08 Feb 2012 08:28:42 GMT

OVERVIEW Tuesday brought hopes that the Greek debt crisis is on the point of being resolved. As ever though the proposal is endlessly shuttled backwards and forwards and now we are waiting on the approval of all parties involved. Even the deadlines for these keeps changing. In the meantime the market is all about ‘risk on’ – the euro has surged and has taken most other currencies with it. The funding currencies (suppliers of capital) have been the USD and JPY. Here at FXMR we are just not sure

Currency Majors Technical Analysis

forex@mataf.net (Mataf.net) — Wed, 08 Feb 2012 07:46:34 GMT

USD/CHF - US Dollar / Swiss Franc Entry : 0.9125 Stop : 0.9155 Resistances : 0.922 - 0.9175 - 0.9135 Supports : 0.9035 - 0.907 - 0.911 USD/CAD - US Dollar / Canadian Dollar Entry : 0.994 Stop : 0.9965 Resistances : 1.0065 - 0.999 - 0.996 Supports : 0.99 - 0.9925 - 0.994 EUR/USD - Euro / US Dollar Resistances : 1.339 - 1.331 - 1.327 Supports : 1.309 - 1.315 - 1.324 USD/JPY - US Dollar / Yen Resistances : 78.2 - 77.6 - 77.25 Supports : 76.05 - 76.5 - 76.85 GBP/USD - British Pound / US Dollar

Daily Forex and Dow Jones Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Wed, 08 Feb 2012 07:30:53 GMT

Dow Jones : Resistance ( daily close ) : 9382.12, 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20 , 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 21, 2008). Support ( daily close ): 9630.33 and 9358.35(main), 9090.00, 8912.62 ( published on November 10, 2009) . Today’s support: - 12846.50, 12807.13, 12771.33 and 12757.44 (main), where a delay and

The USD gained 0.3 percent and climbed to 77.01 JPY

info@varengold.de (Varengold Wertpapierhandelsbank AG) — Wed, 08 Feb 2012 08:18:46 GMT

Good morning from wintry Hamburg and welcome to our Daily FX Report. The JPY weakened as concerns arose the country's fiscal health may deteriorate, while the focus of the investor remained at the progress in the Greek questionnaire. However, we wish you a great day and successful trading. Market Review – Fundamental Perspective Despite the announcement of further JPY selling interventions to lower the strong JPY by the Bank of Japan, the previous attempts have been so far unsuccessful.

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Wed, 08 Feb 2012 06:45:44 GMT

EUR/USD Current price: 1.3182 View Live Chart for the EUR/USD Break above the 1.3235-44 region has given buyers a boost in confidence to develop fresh uplegs as focus is now shifted to test the 1.3460 level. News that the ECB is looking to swap Greek debt with the EFSF and a more than likely austerity reform deal amongst Greek politicians sparkled the rally. Intraday price action hints price is poised to gain further ground after closing near highs; that suggests profit taking was minimal,