FXstreet.com: Forex Forecasts

Daily technical outlook

info@innerfx.com (InnerFX) — Fri, 20 Nov 2009 07:04:06 GMT

uote of the day: A penny saved is a penny earned. – Benjamin Franklin EURUSD The bottom into the 1.4850 area has been challenged once again and provided a stable barrier – the euro recovering to as high as 1.4935 at the time of writing this. Not far away to the upside comes the downward trend line from last week’s top, extended through previous days highs – as seen in the chart below. A break above the said line around 1.4970 would confirm uptrend resumption, opening 1.5030/60.

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

info@precisetrader.com (Precise Trader) — Fri, 20 Nov 2009 06:16:01 GMT

EURJPY EURJPY closed @ 13285 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 3. The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 13125 holds and Daily Trend is also Sideways while 13585 holds, so expect the price to be Choppy until the breakout happens. The

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

info@precisetrader.com (Precise Trader) — Fri, 20 Nov 2009 06:11:51 GMT

USDCHF USDCHF closed @ 10130 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10035 holds and Daily Trend is also Sideways while 10340 holds, so expect the price to be Choppy until the breakout happens. The

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

info@precisetrader.com (Precise Trader) — Fri, 20 Nov 2009 06:08:36 GMT

EURUSD EURUSD closed @ 14930 which was BELOW the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14805 holds and Daily Trend is also Sideways while 14720 holds, so expect the price to be Choppy until the breakout happens. The

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Fri, 20 Nov 2009 04:17:53 GMT

Bias: I look for follow-through to the 145.53-90 area before a larger correction higher Please read the attached PDF file which provides more detailed analysis

Daily technical outlook

info@innerfx.com (InnerFX) — Thu, 19 Nov 2009 07:06:38 GMT

Quote of the day: Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. — Peter Lynch EURUSD The euro trades higher today as it managed to return into the mid 1.49 region on yesterday but gains have been limited into the 1.4990 zone by the falling trend line coming from 1.5045 through Monday’s top at 1.5015. Short-term sentiment is slightly positive but a sustained breach above the 1.4975 resistance region would be an important

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

info@precisetrader.com (Precise Trader) — Thu, 19 Nov 2009 06:40:08 GMT

EURJPY EURJPY closed @ 13365 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 20 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 13405 holds and Daily Trend is Sideways while 13585 holds, so expect the price to be Choppy with a Downside

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

info@precisetrader.com (Precise Trader) — Thu, 19 Nov 2009 06:37:51 GMT

USDCHF USDCHF closed @ 10100 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bullish and the price is Above the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Up while 10045 holds and Daily Trend is Sideways while 10340 holds, so expect the price to be Choppy with a Upside bias.

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

info@precisetrader.com (Precise Trader) — Thu, 19 Nov 2009 06:35:05 GMT

EURUSD EURUSD closed @ 14965 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Hrly Level and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 15025 holds and Daily Trend is Sideways while 14720 holds, so expect the price to be Choppy with a Downside bias.

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Thu, 19 Nov 2009 06:18:00 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 89.10 Last Update 19 Nov 2009 04:18 GMT Although broad outlook continues to be consolida tive, as dlr has remained under pressure in Asia due to intra-day active cross buying yen, near term downside bias remains but reckon this week's low at 98.73 wud hold on 1st testing n bring rebound. Sell on minor recovery n only abv strg res 89.55 wud risk stronger retracement of recent fall. Range Forecast 89.00 / 89.25 Resistance/Support R:

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Thu, 19 Nov 2009 03:43:17 GMT

Bias: While 1.0518-27 supports I feel there is more room on the upside to reach 1.0625-35 initially and possibly 1.0694-16 Please read the attached PDF file which provides more detailed analysis

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Thu, 19 Nov 2009 00:57:09 GMT

INTRA-DAY GBP/USD: 1.6740 Last Update At 18 Nov 2009 23:58 GMT Cable's o/n cross-inspired selloff to 1.6715 sug gests recent strg upmove has formed a top earlier at 1.6879 n a firm breach of said sup wud confirm this view, yield correction twd 1.6692/97 later. Sell on recovery for 1.6720 1st n only abv 1.68 00 wud signal intra-day low has been made, risk pos sible retracement to 1.6825/30. Range Forecast 1.6725 / 1.6760 Resistance/Support R: 1.6764/1.6797/1.6845 S: 1.6715/1.6697/1.6670

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Thu, 19 Nov 2009 00:49:59 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD :1.4959 Last Update 18 Nov 2009 23:34 GMT Although euro has retreated after y'day's rally to 1.4991, as long as 1.4918 (NY low) holds, intra- day upside bias remains for re-test of said res but loss of momentum shud cap price well below 1.5017 n bring retrace. of early rise fm 1.4807 later. For st trade, buy on dips, stop below 1.4918, break confirms top is made n yields 1.4880/90. Range Forecast 1.4940 / 1.4970 Resistance/Support R:

USDCZK testing strong support

Robert.kosowski@xtb.pl (X-Trade Brokers, XTB) — Wed, 18 Nov 2009 14:37:20 GMT

Currency pair USDCZK has been testing strong support since last week as it fell to 16,87 after weak dollar and renewed risk appetite helped drive Czech currency (koruna) to its 14-month high. The Czech currency started to rise along with its regional peers early this month, after the equity markets shrugged off October correction. The development on the currency pair is above all influenced by ample liquidity on financial markets which helps drive prices of risky CEE assets higher. Domestic

Daily technical outlook

info@innerfx.com (InnerFX) — Wed, 18 Nov 2009 06:37:36 GMT

Quote of the day: No one can earn a million dollars honestly. — William Jennings Bryan EURUSD A fresh decline into the lower 1.48 region occurred on yesterday but key support layer into the 1.4820-1.4850 range is intact as the euro recovered some of its losses. Although short-term sentiment has weaken, an extended recovery may develop as long as 1.4820/50 is intact. Minor resistance is formed around 1.4930, followed by a more notable barrier near 1.4980 – formed by the falling trend

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

info@precisetrader.com (Precise Trader) — Wed, 18 Nov 2009 05:31:07 GMT

EURJPY EURJPY closed @ 13280 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 13370 holds and Daily Trend is also Sideways while 13785 holds, so expect the price to be Choppy with a Downside

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

info@precisetrader.com (Precise Trader) — Wed, 18 Nov 2009 05:28:01 GMT

USDCHF USDCHF closed @ 10160 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 10050 holds and Daily Trend is Sideways while 10340 holds, so expect the price to make Higher Highs. The Price

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

info@precisetrader.com (Precise Trader) — Wed, 18 Nov 2009 05:24:46 GMT

EURUSD EURUSD closed @ 14875 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 15005 holds and Daily Trend is also Sideways while 14720 holds, so expect the price to be Choppy with a

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Wed, 18 Nov 2009 04:09:11 GMT

Bias: The downside risk remains - but take care around 131.58-71 and then 130.56-64 Please read the attached PDF file which provides more detailed analysis

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Wed, 18 Nov 2009 03:25:24 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 89.28 Last Update 18 Nov 2009 02:26 GMT Although dlr has retreated after y'day's reco- very fm 88.73 to 89.55 n consolidation with mild downside bias is seen for weakness to 89.00/10, only breach of 88.73 wud confirm recent erratic decline has once again resumed. Abv 89.55 wud bring another corrective rise to 89.80/90. Stand aside for now. Range Forecast 89.15 / 89.45 Resistance/Support R: 89.55/89.74/90.14 S: 88.73/88.50/88.15

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Wed, 18 Nov 2009 03:19:52 GMT

INTRA-DAY GBP/USD: 1.6793 Last Update At 18 Nov 2009 02:32 GMT Cable's anticipated retreat fm 1.6835 (Aust.) suggests further consolidation below this week's high at 1.6879 is in store with downside bias n weakness to 1.6770 is seen but breach of 1.6755 is needed for correction of upmove to 1.6720/30. Reinstate short on recovery with stop as indica ted, abv aborts n risks possible re-test of 1.6879. Range Forecast 1.6780 / 1.6810 Resistance/Support R: 1.6835/1.6879/1.6918 S:

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Wed, 18 Nov 2009 03:15:36 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD :1.4882 Last Update 18 Nov 2009 02:29 GMT Despite euro's recovery fm 1.4807 (NY), as yes- terday's selloff below 1.4821 signals the decline fm last week's high at 1.5049 has resumed, reckon 1.4900/10 wud limit upside n bring another fall but below 1.4820/25 is needed for re-test of 1.4807. Sell on further rise with stop as indicated, abv wud defer n risk stronger gain to 1.4930/35.. Range Forecast 1.4870 / 1.4900 Resistance/Support R:

Daily technical outlook

info@innerfx.com (InnerFX) — Tue, 17 Nov 2009 07:06:44 GMT

Quote of the day: So you think that money is the root of all evil. Have you ever asked what is the root of all money? – Ayn Rand EURUSD Intra-day lows have been reached on yesterday’s wild price action at 1.4880 as a result of Bernanke’s comments that the Fed will conduct the policy in a way to ”help ensure that the dollar is strong”. His attempt was short-lived and failed – the market digested the comments after clearing the weaker stops within the 1.4880-1.4930 region and

Fresh Risk Appetite hurts USD

info@easy-forex.com (Easy Forex) — Tue, 17 Nov 2009 12:10:52 GMT

Last week’s currency trading review The Dollar continued to lose ground as US stocks markets soared to year highs and Gold traded to fresh all time highs. Economic data was light but multiple FED speakers all re-emphasized that US rates will remain low for some time. Weekly Jobless Claims improved to 502k vs. 512k forecast. Trade Balance -36.5bn vs. -31.8bn forecast. UoM consumer Sentiment fell to 66 vs. 71.1 previously. The Euro was volatile but ended higher as stocks helped to lift whilst

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Tue, 17 Nov 2009 06:16:54 GMT

INTRA-DAY GBP/USD: 1.6817 Last Update At 17 Nov 2009 04:30 GMT As cable has retreated after brief rise to 1.68 46, suggesting further consolidation below y'day's high at 1.6879 is seen but as price action fm there is viewed as minor correction, 1.6770/80 shud hold n yield another rebound later. Stand aside n look to buy for day trade as abv 1.6846 wud revive bullishness for re-test of 1.6879. Range Forecast +1.6810 / 1.6840+ Resistance/Support R: 1.6846/1.6879/1.6950 S: 1.6798/1.6753/1.6670

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

info@precisetrader.com (Precise Trader) — Tue, 17 Nov 2009 06:01:41 GMT

EURJPY EURJPY closed @ 13335 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 13430 holds and Daily Trend is also Sideways while 13785 holds, so expect the price to be Choppy with a Downside bias. The

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

info@precisetrader.com (Precise Trader) — Tue, 17 Nov 2009 05:59:51 GMT

USDCHF USDCHF closed @ 10080 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10145 holds and Daily Trend is also Sideways while 10280 holds, so expect the price to be Choppy and Downside may be limited. The Price

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

info@precisetrader.com (Precise Trader) — Tue, 17 Nov 2009 05:57:47 GMT

EURUSD EURUSD closed @ 14970 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14845 holds and Daily Trend is also Sideways while 14720 holds, so expect the price to be Choppy with a Upside bias. The Price

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Tue, 17 Nov 2009 04:36:01 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD :1.4957 Last Update 17 Nov 2009 02:34 GMT Euro's retreat after brief rise to 1.5000 sug- gests further consolidation below o/n NY high at 1.5017 is in store n pullback to 1.4935/40 cannot be ruled out b4 prospect of a rebound later today. Stand aside for now n look to buy on dips for day trade. Abv 1.5000 wud indicate the upmove fm 1.4821 has resumed n bring re-test of 1.5017. Range Forecast 1.4940 / 1.4970 Resistance/Support R:

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Tue, 17 Nov 2009 04:02:29 GMT

Bias: While 0.9284-0.9307 supports I look for gains back above 0.9404 and towards 0.9497 Please read the attached PDF file which provides more detailed analysis

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Tue, 17 Nov 2009 03:37:20 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 89.09 Last Update 17 Nov 2009 02:33 GMT Despite y'day's selloff to 88.75 (o/n NY low), dlr's subsequent rebound suggests further consolida tion abv there is in store in Asia n minor correct- ion to 89.30/40 cannot be ruled out but price shud be capped well below 89.72/74 n yield retreat. Below 88.75 wud indicate the erratic decline fm 92.33 has once again resumed, 88.40/50. Stand aside Range Forecast 88.95 / 89.20 Resistance/Support

Trade of the Day

caseystubbs@gmail.com (Winners Edge Trading) — Mon, 16 Nov 2009 23:28:32 GMT

The head and shoulders pattern I wrote about never materialized. This currency is in a range because the market can't decide what to do next. How long does it take to for a currency to be considered in a range? I don't know but I know that the Eur/Usd is in a range now. The was in an upward moving trend that has slowed down to be in a trading range. The pair crossed the 1.4626 level on October 4th and from there the price moved up to 1.5062. The pair has been in between those two points

Daily technical outlook

info@innerfx.com (InnerFX) — Mon, 16 Nov 2009 07:24:34 GMT

Quote of the day: Every once in a while, the market does something so stupid it takes your breath away. – Jim Cramer EURUSD The euro is grinding higher today, extending Friday’s gains into the 2nd half of the 1.49 area. Both short term and intra-day charts are plotting positive momentum as the euro managed to breach above the 50% retracement level of the down leg from 1.5045 to 1.4820 – at 1.4935 and 61.8% respectively at 1.4960. Former intra-day resistance layer into the 1.4910/35

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

info@precisetrader.com (Precise Trader) — Mon, 16 Nov 2009 06:33:17 GMT

EURJPY EURJPY closed @ 13420 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 13280 holds and Daily Trend is also Sideways while 13785 holds, so expect the price to be Choppy until the breakout

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

info@precisetrader.com (Precise Trader) — Mon, 16 Nov 2009 06:31:06 GMT

USDCHF USDCHF closed @ 10130 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 10145 holds and Daily Trend is also Sideways Down while 10280 holds, so expect the price to be Choppy with a Downside bias.

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

info@precisetrader.com (Precise Trader) — Mon, 16 Nov 2009 06:29:13 GMT

EURUSD EURUSD closed @ 14905 which was ABOVE the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 14845 holds and Daily Trend is Sideways while 14720 holds, so expect the price to make Higher Highs. The Price closed

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Mon, 16 Nov 2009 04:14:41 GMT

Bias: We have to take care in the 1.0059-72 area - while this supports we could see a move back to around 1.0165 Please read the attached PDF file which provides more detailed analysis

Short-term outlook

info@innerfx.com (InnerFX) — Sun, 15 Nov 2009 19:29:33 GMT

EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won’t occur within the coming days – such break confirming that the corrective move to 1.4825/50 has ended, hence bringing the upper territory of 1.5050-1.5100 in focus. As long as the rising trend channel plotted in the daily chart below remains intact, expectations are pointing

Trade of the Day

caseystubbs@gmail.com (Winners Edge Trading) — Sat, 14 Nov 2009 15:23:12 GMT

Hello everyone how are you all doing? This is Friday evening and the weekend is coming up. I will be spending some quality time with my kids as well as a little time working and posting here on Winners Edge Trading. The Eur/Usd had a ranging trading week as there has been mixed news concerning the Dollar. The currency appears to be forming a head in shoulders pattern on the 4hr chart. With the right shoulder just forming right now. This is a classic chart pattern that is an indication of a

Intra-day update report

info@innerfx.com (InnerFX) — Fri, 13 Nov 2009 13:46:49 GMT

EURUSD Trading strategy : stand aside Downside pressure intensifies after the weak attempt to recover into the 1.49 territory and the 1.4850 support zone is being tested once again while writing these lines. In case of a break down below 1.4850, bearish objectives may be set into the lower half of 1.47. On the upside, a sustained break above 1.4950 is needed to resume uptrend. Today’s European session has been rather quiet, the euro trading into a range of 60 points so far, hence there’s