FXstreet.com: Forex Forecasts

Daily technical outlook

info@innerfx.com (InnerFX) — Tue, 24 Nov 2009 07:06:56 GMT

Quote of the day : Investors have very short memories. — Roman Abramovich EURUSD Range-bound trading below the 1.5000 handle, supported by 1.4850 bottom, continues – the euro facing a strong resistance into the 1.5000 region once again, on yesterday. Intra-day sentiment is bearish as price pulls back from the higher half of the 1.49 region, not being able to hold gains above 1.4950 which became support after yesterday’s rally. Next support comes at 1.4900 – the 50% retracement of

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

info@precisetrader.com (Precise Trader) — Tue, 24 Nov 2009 06:14:06 GMT

EURJPY EURJPY closed @ 13315 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at 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 while 13370 holds and Daily Trend is also Sideways while 13600 holds, so expect the price to be Choppy with a Downside

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

info@precisetrader.com (Precise Trader) — Tue, 24 Nov 2009 06:11:55 GMT

USDCHF USDCHF closed @ 10100 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Turning Bullish and the price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways while 10215 holds and Daily Trend is also Sideways while 10340 holds, so expect the price to be Choppy until the breakout

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

info@precisetrader.com (Precise Trader) — Tue, 24 Nov 2009 06:09:51 GMT

EURUSD EURUSD closed @ 14965 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 while 15000 holds and Daily Trend is also Sideways while 14720 holds, so expect the price to be Choppy with a Downside bias. The

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Tue, 24 Nov 2009 03:39:35 GMT

Bias: It's still best to take a neutral view until a larger break is seen but I'm more inclined to be bullish now… Please read the attached PDF file which provides more detailed analysis

Trade of the Day

caseystubbs@gmail.com (Winners Edge Trading) — Tue, 24 Nov 2009 01:47:16 GMT

News moves markets but trading the news can be a dangerous endeavor. This is because traders never know how the market will react to a certain news release. Many times the market will move before the news is released and then when the news is announced since the news was anticipated, the market will react in the exact opposite way, you thought that it would. So that is why we trade according to what the price is doing not the what the data tells us. Trading according to how the price is

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Tue, 24 Nov 2009 00:30:55 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD :1.4966 Last Update 23 Nov 2009 23:09 GMT As 1.5000 has capped y'day's rally, euro's sub- sequent retreat suggests minor consolidation below there is in Asia n pullback twd 1.4935 (prev. res) cannot be ruled out but 1.4900/10 shud hold n yield another rise later today. Stand aside n buy on dips for day trade. Only abv 1.5000 extends upmove fm 1.4800 to 1.5017. Range Forecast +1.4940 / 1.4970+ Resistance/Support R: 1.5000/1.5017/1.5049

Short term outlook

info@innerfx.com (InnerFX) — Mon, 23 Nov 2009 20:10:59 GMT

EURUSD Today’s rebound against the buck provides a clue about a potential resume of longer term uptrend. We’ll see if the euro will manage to hold gains above the fresh breached barrier into the 1.4950 region (which is currently under minor pressure) – formed by the falling trend line coming from 1.5045 over the previous lower highs. In case of an extended pullback below 1.4950 – the 1.4850-1.4900 will eventually limit losses in order to keep the bullish structure under development. I maintain

Daily Support and Resistance

info@fx-forecaster.com (FX-Forecaster.com) — Mon, 23 Nov 2009 17:14:53 GMT

USDJPY Bullish divergence and break of trend line after hitting support… Bullish divergence on the 4 hour chart, but price still needs to break above the Equilibrium Clouds across the time frames to generate a chance of getting back to 92.31 and above… EURUSD No real change from last week. The weekly Equilibrium, Cloud remains supportive while price remains locked around the daily Equilibrium Cloud. Equally, the short term cannot break away from the 4 hour Equilibrium. Overall momentum looks

USD Stronger as Traders Take Profit

info@easy-forex.com (Easy Forex) — Mon, 23 Nov 2009 08:33:07 GMT

Last week’s currency trading review The Dollar gained as global stock markets suffered from bouts of profit taking coming off year highs. With the Exception of Gold and the Yen the USD was stronger against all currencies. US October Retail Sales were strong at 1.4% vs. 1.0% forecast. Also helping the USD was the 'strong Dollar' comments from Bernanke on Tuesday. The Euro came under pressure as attempts over 1.5000 were pushed back and ECB President Trichet supported the comments from Bernanke

Daily technical outlook

info@innerfx.com (InnerFX) — Mon, 23 Nov 2009 07:04:57 GMT

Quote of the day: A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily. — Ben Bernanke EURUSD The euro trades higher today, recovering after Friday’s dip, testing the downward trend line from 1.5045 which comes around 1.4950. The short-term charts show prolonged indecision as this range of 1.4820/50-1.5 has been valid

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

info@precisetrader.com (Precise Trader) — Mon, 23 Nov 2009 06:31:44 GMT

EURJPY EURJPY closed @ 13210 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 2. The Hourly Oscillators are Bullish and the price is Within the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 13175 holds and Daily Trend is Sideways while 13600 holds, so expect the price to be Choppy with a Upside bias. The

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

info@precisetrader.com (Precise Trader) — Mon, 23 Nov 2009 06:29:38 GMT

USDCHF USDCHF closed @ 10185 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 15 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 Up while 10060 holds and Daily Trend is 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) — Mon, 23 Nov 2009 06:26:23 GMT

EURUSD EURUSD closed @ 14865 which was BELOW the open and was within prior day's trading range. The High was 20 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 Turning Bullish and the price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Up while 14805 holds and Daily Trend is Sideways while 14720 holds, so expect the price to be Choppy and Upside may be limited. The

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Mon, 23 Nov 2009 06:15:11 GMT

INTRA-DAY GBP/USD: 1.6542 Last Update At 23 Nov 2009 06:03 GMT Although cable's anticipated breach of 1.6534/37 suggests the rise fm last week's low at 1.6460 may extend to 1.6560/65, this move is viewed as a minor correction n mild downside bias is seen for retreat to 1.6515/20 n then 1.6499. Turn short at 1.6560 with stop as indicated n only below 1.6499 wud bring re-test of 1.6460 sup. Range Forecast 1.6530 / 1.6560 Resistance/Support R: 1.6568/1.6606/1.6676 S: 1.6499/1.6460/1.6402

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Mon, 23 Nov 2009 04:13:51 GMT

Bias: I look for a cap in the 81.95-82.23 area and for the downside to resume Please read the attached PDF file which provides more detailed analysis

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Mon, 23 Nov 2009 00:13:03 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD :1.4879 Last Update 23 Nov 2009 00:05 GMT Despite Friday's weakness to 1.4800, subsequent rebound suggests recent euro's 'erratic' fall fm 1.5049 has possibly formed a temp. low n consolidat ion with mild upside bias is seen for correction to 1.4900 n 1.4915/20 b4 prospect of a retreat later. Buy dips for 1.4900 or sell at 1.4915 for 1.4875 . Below 1.4833 (Aust.) wud bring re-test of 1.4800. Range Forecast 1.4860 / 1.4890

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:

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