FXstreet.com: Technical: Forex Trading Strategies

USDCHF possible rebound from resistance at 1.0190 back to support at 1.0064

fxquestions@investija.com (Investija.com) — Fri, 20 Nov 2009 14:02:58 GMT

EURUSD It looks like a rebound is possible back to resistance. Neutral area stays for this pair. GBPUSD Despite this sharp movement downside, negative trend has not started yet. It looks like bulls have a chance still to recover. NZDUSD Neutral situation stays, low range movements are expected now. USDCHF Bulls did manage to breakout by resistance, but long positions should be done with a care. USDCAD Candles shoot above resistance, waiting action is better to take with possible buying

EURUSD hanging on to support by a thread so far

info@saxobank.com (Saxo Bank) — Fri, 20 Nov 2009 13:59:15 GMT

Little news shaking the markets, as much of recent activity seems to be about position adjustments. MAJOR HEADLINES – PREVIOUS SESSION New Zealand Oct. Credit Card Spending fell -0.4% YoY vs. -2.3% in Sep. Japan BoJ left target rate unchanged at 0.10% as expected Germany Oct. Producer Prices out at 0.0% MoM and -7.6% YoY vs. +0.1%/-7.5% expected, respectively THEMES TO WATCH – UPCOMING SESSION (All times GMT) New Zealand Oct. Visitor Arrivals (Sun 2145) Australia New Motor Vehicle Sales (Mon

AUD/USD: acceleration expected

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Fri, 20 Nov 2009 13:29:54 GMT

Pair has break under the daily ascendant trend line around 0.9100, and by now, completed a pullback in 30 minutes charts and continues pushing lower. Despite a bit oversold in hourly charts, an acceleration under today’s low could trigger further falls more if gold breaks under the 1130 level, yesterday’s low. Watch for a rally to the 0.9020/30 area, if 0.9059 gives up, while if gold regains the 1140 zone, and AUD/USD accelerates above 0.9110, I expect further upside corrective movements to

GBPUSD: TrendlineBreak Highlights The 16514 level

m.isah@fxtechstrategy.com (FXTechstrategy) — Fri, 20 Nov 2009 11:43:08 GMT

HIGHLIGHTS: GBPUSD: TrendlineBreak Highlights The 16514 level - GBP ended a third-day of downside weakness on Thursday breaking below its short term trendline(clearly seen on the.... EURUSD: Upside Seen Above The 1.4736/1.4625 levels - Price hesitation continues to be seen with EUR holding firmly above its LT rising trendlineand its major emas… GBPUSD GBPUSD: TrendlineBreak Highlights The 16514 level. GBPUSD - GBP ended a third-day of downside weakness on Thursday breaking below its short term

Currency Pick of The Week

mail@yourforexdirectory.com (YourForexDirectory.com) — Fri, 20 Nov 2009 11:34:29 GMT

Choppy Waters Ahead for the Euro! 10:00 GMT The benchmark Euro pair is headed for a cascading waterfall in the coming week as its recovery attempt was cut short by a stiff 1.4935 resistance. The pair remained range-bound this week. It formed a Hanging Man candle pattern in yesterday’s trading session, which was confirmed obvious with a Bearish session in today’s trade. The trend line is already sloping downward with the pair making lower successive highs. Worse still are the 4-hourly charts as

USD Still Caught in Narrow Ranges

info@swissetrade.com (Swiss e Trade AG) — Fri, 20 Nov 2009 11:20:14 GMT

Despite flat U.S. economic data and falling stock markets worldwide yesterday, the USD dropped during U.S. trading. Such inconsistencies suggest the Christmas holiday season is near and we can expect erratic currency movements in low volume markets. Important long-term support zones in the dollar market vs. the majors are still being tested; with the previous oversold trading status mostly ironed out now. Technical signals call for the Greenback's continued downtrend. It is waiting time for the

S&P 500 & Mini dow Jones

info@technicalanalysisreports.com (Charmer Charts.com) — Fri, 20 Nov 2009 10:26:49 GMT

S&P Dec Contract S&P finally broke lower yesterday but held onto 1086 and has traded back in a correctionary fashion overnight. There is good short term resistance at 1095 and would view to sell into this strength looking for a resumption of the downward move. Keep stops above 1096 initially. Intra day support located at 1090/88. You may see buyers enter the market at this time. However if the market fails to hold over 1086 look for this to come lower to good support located at

GBPUSD / AUDUSD / EURGBP / EURUSD

ian@turtlefutures.com (Turtle Futures) — Fri, 20 Nov 2009 11:04:35 GMT

‘They are not door numbers!’……….a quite well known phrase in the FX market. A view one morning may well not be the view 5 hrs later. It all depends on the price reaction. You need to be aware of what unfolds around you. That’s why I believe that any system that you only have to look at charts for 15 minutes a day is never going to work. If you have full time traders, who have to work hard at making money (14+hr days), how can expect to reap rewards from 15 minutes. Ok Happy Friday to you.

USDJPY has extended its concentration around support level at 88.81

fxquestions@investija.com (Investija.com) — Fri, 20 Nov 2009 08:32:17 GMT

EURUSD Flag formed between support and resistance, waiting action remains. GBPUSD Looks like bears are looking forward for a breakout at support level. NZDUSD Silent situation, however, after a breakout of support level – short term selling actions remain for this pair. USDCHF Neutral situation stays for this pair, resistance level and support levels are still active. Further jumping is possible. USDCAD Neutral situation is valid for this pair, however bulls have a chance to to extend their

FTSE

info@technicalanalysisreports.com (Charmer Charts.com) — Fri, 20 Nov 2009 07:49:07 GMT

FTSE Dec Contract FTSE slammed lower yesterday and once 5275 broke, sellers were on the back of this for the 61.8 retracement target of 5249, this held 5251. Now you have seen a small retracement from these lower levels, but the topside is looking limited from the daily charts, and any short term bounce is going to give better levels for sellers today. If on the open we can break through 5302 we are looking at this coming higher for 5324/31. Sellers will be waiting here, looking for this to

Another session spent in ranges; still awaiting the catalyst to break out

info@saxobank.com (Saxo Bank) — Fri, 20 Nov 2009 07:28:08 GMT

BOJ keeps rates unchanged but again upgrades its assessment of the economy MAJOR HEADLINES – PREVIOUS SESSION CA Sep. Int’l Securities Transactions out at C$13.59b vs. C$3.0b expected and revised C$5.067b prior CA Sep. Wholesale Sales out at +0.2% m/m vs. +1.0% expected and revised -1.5% prior CA Oct. Leading Indicators out at +0.7% m/m, as expected, vs. revised 1.2% prior US Weekly Initial Jobless Claims out at 505k vs. 504k expected and revised 505k prior US Weekly Continuing Claims out at

EURAUD

info@precisetrader.com (Precise Trader) — Fri, 20 Nov 2009 06:44:14 GMT

Market Insight The Hourly Trend is Sideways Up while 16125-16035 level holds. The Hourly Oscillators are Bullish but it is rather weak ,ADX is rising with the price and the price is above the MA. We believe the low may have been seen on the daily and the price should not trade below 16125-35 level. On the 5 min is along the Horizontal Channel and the price patterns are suggesting choppy until the price breakout of 16265-16315 levels. Patterns The Price is

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Fri, 20 Nov 2009 05:59:35 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: - 10358.43(main), where a delay and correction may

Stocks and Currencies at Crossroad

trading@cmsfx.com (CMS Forex) — Fri, 20 Nov 2009 02:15:02 GMT

Stocks and Currencies at Crossroad The dollar and yen advanced as risk aversion increased on Thursday. The overbought stock and commodity markets fell as investors unwound some carry trades. The Conference Board US leading economic indicators index rose less than expected; still, indicating a robust economic recovery. US initial jobless claims remained unchanged from the prior week while continuing claims declined. Increasing demand for dollar liquidity sent 2- year yields to a yearly low.

USD and JPY having another try at a rally. AUD and NZD lead the charge to the downside vs. the low-yielders

info@saxobank.com (Saxo Bank) — Thu, 19 Nov 2009 15:52:11 GMT

EURJPY trading at pivotal 200-day moving average - will it hold this time? MAJOR HEADLINES – PREVIOUS SESSION Japan Oct. Nationwide Department Store Sales fell -10.5% YoY vs. -7.8% in Sep. Switzerland Oct. Trade Balance rose to 2.46B vs. 1.91B in Sep. Sweden Oct. Unemployment Rate fell to 8.1% vs. 8.4% expected and 8.3% in Sep. UK Oct. Major Banks Mortgage Approvals rose to 61k vs. 56k in Sep. UK Oct. Retail Sales rose 0.4% MoM and 3.4% YoY vs. 0.5%, 2.9% expected, respectively Canada Sep.

AUDUSD bears have made a break by support level at 0.9222, downtrend movement is extended

fxquestions@investija.com (Investija.com) — Thu, 19 Nov 2009 14:37:44 GMT

EURUSD Prices stay between support and resistance levels, further jumping is possible. Sell by resistance, buy near support. GBPUSD Consolidation is formed in low range, if a breakout is going to occur by lower boundary – major trend reversal can be created. NZDUSD After sharp movements downside, bulls are recovering after loosing their position. Above 0.7312 price level, bulls are safe. USDCHF Candles are locked and trapped between support and resistance. Neutral zone is still valid. USDCAD

EUR/USD: Waiting the break

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Thu, 19 Nov 2009 12:48:46 GMT

Despite rally seems a bit overextended to the downside in the hourly chart, pair remains strongly bearish in bigger time frames, and I do expect that further falls will trigger some panic among investors, that will probably start unwinding bullish positions, triggering more downside movements. Under 1.4805 (better with a small upside pullback first, capped under 1.4860/80) pair should quickly approach to the 1.4740/50 area. To the upside, rises will remain more limited unless stocks and

GBPUSD: Weakening And Testing The 1.6681 Level

m.isah@fxtechstrategy.com (FXTechstrategy) — Thu, 19 Nov 2009 12:24:35 GMT

HIGHLIGHTS: GBPUSD: Weakening And Testing The 1.6681 Level - The pair continues to hesitate following through lower on its Tuesday losses on Wednesday and risking further downside AUDUSD: Retains Its Corrective Tone, Eyes The 0.9086 Level - Corrective weakness triggered off its YTD high at 0.9401 level continues to dominate the pair’s price action declining further … GBPUSD GBPUSD: Weakening And Testing The 1.6681 Level GBPUSD - The pair continues to hesitate following through

9-period RSI triangle pattern should be watched

sales@informagm.com (Informa Global Markets) — Thu, 19 Nov 2009 10:51:45 GMT

Both the DXY (US Dollar Index) and EUR/USD have formed triangle patterns within their respective 9-period daily RSI indicators. A break above RSI formation resistance & above 1-week trendline resistance at 1.4990 should reinvigorate EUR/USD bulls back towards the 1.5030-65 zone, above which exposes channel & wedge resistance at 1.5190. Below RSI formation support, however, coupled by a loss of the 50-day MA at 1.4808 (projected) would shift near-term expectations towards the bottom of

EUR: A Confirmation Signal for the Uptrend

info@swissetrade.com (Swiss e Trade AG) — Thu, 19 Nov 2009 10:39:51 GMT

Chart buffs certainly have noticed: there is a confirmation signal in the medium term for a rally in the EUR / USD. Especially visible in the 8-hour chart we see a confirmation "flag," which means lower highs and higher lows, spreading well over the last week (the lower end of it is being tested right now). What we have to wait for is another upmove to the upper end of the flag at 1.4980. It is not inevitable that this upmove will break the flag's upper limit, but if it does, it means the EUR /

GBPUSD / EURUSD / EURGBP / AUDUSD

ian@turtlefutures.com (Turtle Futures) — Thu, 19 Nov 2009 10:13:59 GMT

OK, here is how I see the majors this morning. A bit of USD weakness coming in before the next rally. GBPUSD We have broken the 4 hr wedge but it’s a false breakout. I am now expecting GBPUSD to move higher in a correction count (ABC). We may see as high as 16814 where I have a trend line cross. The move up should be choppy

USDJPY has reached support level at 88.81, possible breakout remains

fxquestions@investija.com (Investija.com) — Thu, 19 Nov 2009 08:22:10 GMT

EURUSD Looks like, bears once again are looking forward for support level. Waiting actions are better now with selling opportunities. GBPUSD After breaking the support level, bears overcome bulls for now. However positive trend still remains. NZDUSD Price level at 0.7312 is significant barrier for bears and bulls. A major trend reversal can occur at this point. USDCHF Neutral position still stays for this pair, candles remain between support and resistance where more jumping up and down is

FTSE

info@technicalanalysisreports.com (Charmer Charts.com) — Thu, 19 Nov 2009 08:15:35 GMT

FTSE Dec Contract FTSE had a narrow range again yesterday thus leaving the outlook unchanged... Resistance still remains at 5365/73. If the market can break through this 5365/73 barrier then there is a good chance of trading higher with 5386 then the first short term target. Here buyers are advised to cover longs. Re-instate above 5386 as a break above here will clearly leave the market well placed to visit 5407 resistance. Here once more look to cover all longs. Be a buyer once this has

The dollar stuck in limbo yesterday

info@saxobank.com (Saxo Bank) — Thu, 19 Nov 2009 07:33:23 GMT

A weak Nikkei leads to a “risk-off” session in Asia MAJOR HEADLINES – PREVIOUS SESSION CA Oct. CPI out at -0.1% m/m, +0.1% y/y vs. +0.1% expected for both and flat/-0.9% prior resp. US Weekly MBA Mortgage Applications out at -2.5% vs. +3.2% prior US Oct. CPI out at +0.3% m/m vs. +0.2% expected and +0.2% prior US Oct. CPI Ex-Food/Energy out at +0.2% m/m vs. +0.1% expected and +0.2% prior US Oct. Housing Starts out at 529k vs. 600k expected and revised 592k prior US Oct. Building Permits out at

GBP/USD & EUR/USD

info@technicalanalysisreports.com (Charmer Charts.com) — Thu, 19 Nov 2009 07:04:23 GMT

GBP/USD Cable broke lower as expected yesterday, keeping the short term double top in place. Now we went lower from here to 1.6710 and overnight have seen 1.6686. Now we have corrected from these lower levels, but the daily charts are beginning to turn to show a move lower. This is in direct conflict with the hourly's which are showing oversold. So the best way to deal with this is to see if 1.6680 holds and if it does it will prompt a rally towards 1.6740/90. Here sellers will be waiting to

NZDJPY

info@precisetrader.com (Precise Trader) — Thu, 19 Nov 2009 06:30:06 GMT

Market Insight The Hourly Trend is Sideways Down while 6640-90 level holds. The Hourly Oscillators have turned Bearish ,ADX is rising with the price falling and the price is below the MA. On the 5 min is along the Down Channel and the price patterns are suggesting lower lows. Patterns The Price has broke out of the Range trading , JPY is strong against at least 7 crosses and NZD is weak against at least 8 crosses. We believe NZD

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Thu, 19 Nov 2009 02:16:27 GMT

Sterling Falls on BOE Minutes

trading@cmsfx.com (CMS Forex) — Thu, 19 Nov 2009 01:33:42 GMT

Sterling Falls on BOE Minutes The dollar traded mixed on Wednesday. The euro rose on speculation US interest rates will stay low even longer than earlier thought. St. Louis Fed President James Bullard stated that if history is any guide, the FOMC would not start raising rates until early 2012. US housing starts unexpectedly dropped and consumer-price inflation rose slightly more than expected. The S&P 500 slipped 0.52 to 1,109.80. The yen declined modestly for a second day. The unexpected

Another day brings another direction for the greenback. Bank of England minutes show diverging views within the MPC

info@saxobank.com (Saxo Bank) — Wed, 18 Nov 2009 17:05:54 GMT

Fundamental market inputs tell confusing story for the USD - perhaps a reason for its erratic behavior of late. MAJOR HEADLINES – PREVIOUS SESSION US Nov. HAHB Housing Market Index out at 17 vs. 19 expected and 17 in Oct. US Weekly ABC Consumer Confidence rose to -45 vs. -46 the previous week Australia Q3 Wage Cost Index rose 0.7% QoQ as expected EuroZone Sep. Current Account was -5.4B vs. +0.6B in Aug. UK BoE Minutes showed split vote of 1-7-1 for latest monetary policy decision EuroZone Sep.

GBPUSD low trading range is formed between support at 1.6763 and resistance at 1.6852

fxquestions@investija.com (Investija.com) — Wed, 18 Nov 2009 14:34:51 GMT

EURUSD Looks like bulls have reached resistance, but a possible rebound might occur. Bears can influence the bulls to surrender. GBPUSD Low trading range has extended, further jumping is possible. NZDUSD Bulls are testing resistance level, despite the bears attempt to slide downside, while support holds – buying options are better to take. USDCHF Neutral zone remains for this pair, situation is not very clear, but waiting with selling possibilities are better options. USDCAD Selling actions

GBPUSD / EURUSD / USDCHF / AUDUSD / USDJPY

ian@turtlefutures.com (Turtle Futures) — Wed, 18 Nov 2009 13:18:29 GMT

USD/CAD: Commodities are the key

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Wed, 18 Nov 2009 12:42:52 GMT

Due to general dollar negative sentiment, and continue rise in commodities and stocks, Canadian dollar is offering some interesting chances today, as is quickly approaching to a strong support area the 1.0400/20, where pair will offer some interesting counter trend rebound as hourly indicators are close to over sold. Next support in the pair comes at 1.0375, so a clear acceleration under that level, will deny any further chance of recovery and send the pair to test the 1.0330 area. However, oil

EURUSD: Overall Uptrend Remains Intact

m.isah@fxtechstrategy.com (FXTechstrategy) — Wed, 18 Nov 2009 12:21:27 GMT

HIGHLIGHTS: EURUSD: Overall Uptrend Remains Intact - Despite its inability to head higher on Tuesday, EUR still retains its medium term bullish structure suggesting its current price hesitation is corrective. USDJPY: Setback Towards The 88.72/00 Levels Seen - The pair was seen hesitating today failing to follow through higher on its Tuesday recovery. That failure could see the pair weaken … EURUSD EURUSD: Overall Uptrend Remains Intact. EURUSD – Despite its inability to head higher on Tuesday,

GBP/CAD target of 1.75 was hit this week

Sarah.Pedder@LLOYDSTSB.co.uk (Lloyds TSB Financial Markets) — Wed, 18 Nov 2009 12:10:40 GMT

Market Outlook: A rebound in risk appetite from a late October wobble has set the stage for the remainder of Q4. An eight-point drop in the VIX along with the G20’s omission of currency commentary in the 7th November statement along with a clutch of strong Chinese economic data cleared the way for a resumption of pro-risk strategies, squeezing the USD index below 75.0 - our medium term target. Over the coming week, we favour long JPY and short EUR strategies ahead of US President Obama’s visit

No Longer the Right Words: "Risk Appetite"

info@swissetrade.com (Swiss e Trade AG) — Wed, 18 Nov 2009 11:24:33 GMT

Whoever coined the phrase "Risk Appetite" at the beginning of this year can be proud of its success. Almost any comment on the USD uses "Risk Appetite" when it comes to explaining the dollar's movements and equally its reaction in stock markets. We think that has gone too far (although it really needed a lot of courage or the appetite for risk to enter the stock market in early 2009). Equity markets are, technically speaking, on a sound uptrend and therefore signalling rising world economies.

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Wed, 18 Nov 2009 10:18:32 GMT

USDCHF rebound occured from resistance 1.0190, and bears are looking forward for support at 1.0064

fxquestions@investija.com (Investija.com) — Wed, 18 Nov 2009 08:22:08 GMT

EURUSD Pennant consolidation formed near the low end of the trading range suggested a rebound back to resistance. For now bulls are looking forward for resistance. GBPUSD Low range is formed between support and resistance levels, for now long positions are still good options to look for. NZDUSD Bulls are successfully climbing towards resistance, however while resistance is valid – bulls movements are limited. USDCHF Another hit by resistance, and another rebound occurred which can initiate a

Gold

info@technicalanalysisreports.com (Charmer Charts.com) — Wed, 18 Nov 2009 07:49:20 GMT

GOLD December At the moment we have a double top on the short term hourly charts, and although the technical indicators on the short term charts do show they are beginning to be oversold, this pattern is usually very good. Sellers therefore will be looking today for an opportunity to slam this lower. If we cannot break back above 1140 this morning take this as a sign of weakness and look for this to come lower back to the 1135 level initially. If this breaks you should look for a return to

Dollar bulls and bears evenly matched in Asia - awaiting developments

info@saxobank.com (Saxo Bank) — Wed, 18 Nov 2009 07:36:55 GMT

BOE minutes today may give GBP a push either way MAJOR HEADLINES – PREVIOUS SESSION US Oct. PPI out at +0.3% m/m vs. +0.5% expected and -0.6% prior US Oct. Core PPI out at -0.6%m/m vs. +0.1% expected and -0.1% prior US Sep. Net Long-term TIC flows out at $40.7b vs. $30.0b expected and revised $34.2b prior US Sep. Total TIC flows out at $133.5b vs. revised $25.3b prior US Oct. Industrial Production out at +0.1% vs. +0.4% expected and revised +0.6% prior US Oct. Capacity Utilization out at 70.7%

USD/CHF at Crossroad

trading@cmsfx.com (CMS Forex) — Wed, 18 Nov 2009 01:41:27 GMT

USD/CHF at Crossroad The dollar rose on Tuesday as risk sentiment dropped. Investors worried about the strength of the global economic recovery. The World Bank said the global recovery is fragile and government should not reduce fiscal stimulus yet. US industrial production rose less than expected and the month-on-month core PPI unexpectedly declined. The S&P 500 rose 1.02 to 1,110.32. The yen fell. Japan’s tertiary industry activity index unexpectedly decreased. The euro declined after