FXstreet.com: Technical: Forex Trading Strategies

USDJPY closing in on lows for the year

info@saxobank.com (Saxo Bank) — Tue, 24 Nov 2009 14:25:42 GMT

EURUSD survives attempt down through weekly pivot and makes comeback on strong German IFO MAJOR HEADLINES – PREVIOUS SESSION Australia Sep. Conference Board Leading Index rose 0.3% vs. 1.5% in Aug. Japan Oct. Supermarket Sales fell -5.2% YoY vs. -2.4% in Sep. Switzerland Oct. UBS Consumption Indicator rose to 0.867 vs. 0.671 in Sep. Switzerland Q3 Employment Level rose +0.2% vs. -0.8% expected Sweden Oct. PPI fell -0.4% MoM vs. -0.1% expected Germany Nov. IFO out at 93.9 vs. 92.5 expected and

USD/CHF: Buying chances

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Tue, 24 Nov 2009 12:56:36 GMT

Back under the 1.0100 now resistance level, pair approaches to the base of the weekly range, also the year low around 1.0030. Any quick run to that level, will offer a buying opportunity, as a break under will approach the pair to parity, giving then another bounce up. Only under 0.9980 pair could trigger a major fall targeting 0.9930 area. From current level, pair has a first resistance around 1.0100, with next one at the 1.0130 area, 20 SMA flat, in the 4 hours charts. Above that level,

EURUSD: Immediate Risk Remains Higher

m.isah@fxtechstrategy.com (FXTechstrategy) — Tue, 24 Nov 2009 12:07:13 GMT

HIGHLIGHTS: USDJPY: Further Downside Remains On The Cards - The pair continues to maintain its downside pressure closing slightly on a rejection candle on Monday and following through lower in today’s trading session. EURUSD: Immediate Risk Remains Higher - With most of its recovery gains on Monday still maintained, immediate risk remains higher with focus on its Nov 16’09 high at … USDJPY USDJPY: Further Downside Remains On The Cards. USDJPY – The pair continues to maintain its downside

USD Still Waltzes to the Same Tune

info@swissetrade.com (Swiss e Trade AG) — Tue, 24 Nov 2009 10:59:38 GMT

And is dancing to the market's number one hit , i.e. "Stuck in a Range." If you take the most traded currency pair, the EUR / USD, as a benchmark, the range is between the 1.5020 and 1.4800 levels. There is a need for a breakout of this trading band to show a clear picture of the dollar's trend other than swings between overbought and oversold market conditions. When a new trend emerges, up or down for the USD, we expect that breakout will happen soon, and we conclude by fundamental and

EURUSD / EURGBP / EURJPY / GBPUSD

ian@turtlefutures.com (Turtle Futures) — Tue, 24 Nov 2009 09:44:00 GMT

Good morning EURUSD We broke out above the triangle trend line yesterday and tested our 1.5000 handle again. It couldn’t be broken and we have moved back lower overnight. I can see 5 waves up by 3 waves down, stopping between 50-61.8%. Two spike slower showing good price rejections of the lows. We don’t have an outright signal to buy yet but the price is firming up. I would look to 1.4950 as the trigger level. Stop should then be tightened up when we reach 1.5000 with a target area of

USDJPY bears concentrated around support level at 88.68

fxquestions@investija.com (Investija.com) — Tue, 24 Nov 2009 08:44:16 GMT

EURUSD Neutral situation remains for this pair with possible short term downswings. GBPUSD Even though both sides are trapped between support and resistance for a long time – bears are in control of situation. NZDUSD While support level holds, bulls recovery is still valid. Under support, selling actions are better to take. USDCHF Short term trades are valid, buy near support, sell near resistance while these two barriers holds. USDCAD Narrow consolidation formed after steep price upside

Dollar bears take a breather as Asia focuses on bank capital levels

info@saxobank.com (Saxo Bank) — Tue, 24 Nov 2009 07:32:14 GMT

A busy data slate today could make for an interesting session MAJOR HEADLINES – PREVIOUS SESSION CA Sep. Retail Sales out at +1.0% m/m vs. +0.6% expected and revised +1.0% prior CA Sep. Retail Sales ex-autos out at +1.1% m/m vs. +0.4% expected and revised +0.7% prior US Oct. Chicago Fed Activity Index out at -1.08 vs. revised -1.01 prior US Oct. Existing Home Sales out at +10.1% m/m vs. +2.3% expected and revised +8.8% prior US Oct. Existing Home Sales out at 6.10 mln vs. 5.70 mln expected and

GBP/USD & EUR/USD

info@technicalanalysisreports.com (Charmer Charts.com) — Tue, 24 Nov 2009 07:20:57 GMT

GBP/USD Cable came higher yesterday and hit the short term 50% fib located at 1.6650. You have seen the market back off these higher levels, but currently holding above 1.6550. Short term charts are beginning to turn to show a move higher thus buyers will be defending this 1.6550 support looking for a move back towards the 1.6650/1.6690 region. On rallies to these higher levels you should find buyers will be looking to cover longs. Sellers will be evident also and it is only a break above

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Tue, 24 Nov 2009 06:08:59 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: - 10395.00 and 10358.25(main), where a delay and

Market starts the week with another attempt at reinvigorating the USD carry trade

info@saxobank.com (Saxo Bank) — Tue, 24 Nov 2009 06:03:19 GMT

This is Thanksgiving Week in the US and end of the month trade is in play ahead of next Monday. MAJOR HEADLINES – PREVIOUS SESSION New Zealand Oct. Visitor Arrivals fell -0.7% vs. +3.8% in Sep. Australia Oct. New Motor Vehicle Sales rose 3.3% YoY vs. -1.8% in Sep. Germany Nov. Preliminary Manufacturing PMI out at 52.0 vs. 51.6 expected and 51.0 in Oct. Germany Nov. Preliminary Services PMI out at 51.5 vs. 51.2 expected and 50.7 in Oct. EuroZone Nov. Preliminary Manufacturing PMI out at 51.0

EUR/USD at Crossroad

trading@cmsfx.com (CMS Forex) — Tue, 24 Nov 2009 00:46:53 GMT

EUR/USD at Crossroad The dollar fell versus most major currencies as risk sentiment improved on dovish Fed comments and stronger-than-expected US existing-home sales. Federal Reserve Bank of St. Louis President James Bullard said the Fed should retain the flexibility to respond to any weakening in the economy by extending beyond March its authority to buy mortgage-backed securities and agency bonds. October existing-home sales climbed to the highest level since February 2007. The S&P 500

AUDJPY bulls still stays above resistance level at 81.90, possible upside movement

fxquestions@investija.com (Investija.com) — Mon, 23 Nov 2009 14:55:18 GMT

EURUSD This pair has reached resistance level, however – possible rebound back to support level is still valid. GBPUSD Above resistance level this pair can make a major trend reversal. For now waiting is better option. NZDUSD Waiting action still remain for this pair, trend reversal can occur. USDCHF This pair is in consolidation near support level, possible rebound back to resistance is valid. USDCAD Continuation of bears movement is extended – however bulls are still not giving up. Waiting

GBP/USD: Corrective movement expected

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Mon, 23 Nov 2009 13:38:11 GMT

After reaching an intraday high of 1.6636, pair halted the rally at the 20 SMA in the 4 hours charts, from where pair should correct to the downside, as we also approach to the roof of the range. However, indicators remain strongly bullish at this point, suggesting above 1.6660 resistance area pair could extend the rally to the 1.6700 level. To the downside, break under 1.6580 support will confirm the expected downside corrective movement and send the pair to test the 1.6520/40 zone.

GBP/USD coming off a three week climb

Info@2ndSkies.com (Second Skies LLC) — Mon, 23 Nov 2009 14:32:37 GMT

EURUSD Showing an inability to have a weekly close above the 1.5000 barrier, the pair has had now 4 rejections on a weekly basis here. We feel this week or next is the decider for the next leg on this pair. A close above 1.5000 increases prospects for a year end push while a close below the weekly Tenkan (has not happened since April) would likely send the pair towards the 20ema just above 1.4500 where a decent base resides just below. The Kijun is climbing fast which will also come to support

Misinterpreting the Fed's Remarks

info@swissetrade.com (Swiss e Trade AG) — Mon, 23 Nov 2009 11:26:43 GMT

When Alan Greenspan said back in the late nineties that the stock market was in "irrational exuberance," Wall Street went into panic mood and dropped in response. Afterwards, when the interpretation of his words was clear, exuberance picked up again. Now the new Fed chief, Mr. Bernanke, stated last week that the Fed "will ensure a strong dollar" - and in response the dollar collapsed. But what the head of a central bank says is always subject to interpretation, most of it short-lived. "Observe

AUDUSD bulls have shown their strength by climbing above resistance at 0.9204

fxquestions@investija.com (Investija.com) — Mon, 23 Nov 2009 08:29:28 GMT

EURUSD Resistance level still holds, possible test of this barrier is valid. Above this line, bulls are in safer area. GBPUSD Negative trend remains for this pair, selling actions are better to take, but it should be done with a care. NZDUSD Bulls have shown some positive moves, however short positions are better to look for while resistance line holds. USDCHF Bears are looking forward for the support level, recently this pair has been jumping back and forwards between support and resistance.

WTI Oil & Brent Crude

info@technicalanalysisreports.com (Charmer Charts.com) — Mon, 23 Nov 2009 07:48:42 GMT

WTI Oil Jan Contract Crude came sharply lower on Friday breaking down to 76.76 before corrective pressure kicked in. This morning we have seen a return to the 25% longer term fib at 78.50, coinciding with the short term, 50% level of 78.43. Now given that the short term charts do show overbought this 78.50 resistance is expected to hold and propel the market lower for 77.60 initially. This pivot point and short term fib offers excellent support and sellers will be eager to cover shorts to

Gold leads a renewed charge against the dollar in thin Asian markets

info@saxobank.com (Saxo Bank) — Mon, 23 Nov 2009 10:48:28 GMT

Fed-speak focuses again on prolonged stimulus measures MAJOR HEADLINES – PREVIOUS SESSION NZ Oct. Visitor Arrivals out at -0.7% vs. 3.8% prior AU Oct. New Motor Vehicle Sales out at 3.7% m/m, 3.3% y/y vs. revised 3.1%/-1.8% prior resp. SI Oct. CPI out at -0.8% y/y vs. -0.4% expected and -0.4% prior THEMES TO WATCH – UPCOMING SESSION (All times GMT) Swiss M3 Money Supply (0800) GE PMI Manufacturing/Services (0830) EU ECB’s Ordonez to speak (0830) EU PMI

GBPCAD

info@precisetrader.com (Precise Trader) — Mon, 23 Nov 2009 06:36:55 GMT

Market Insight The Hourly Trend is Sideways Down while 17715-70 level holds. The Hourly Oscillators are turning Bearish but it is rather weak ,ADX is just starting to rise with the price falling and the price has just started to fall below the MA. On the 5 min is along the Down Channel and the price patterns are suggesting choppy with a potential to break lower. Patterns The Price is giving a price target of 17460 for a turn on the Hourly , CAD is the

GBPUSD: Price Extension Envisaged

m.isah@fxtechstrategy.com (FXTechstrategy) — Mon, 23 Nov 2009 06:48:04 GMT

In This Issue: GBPUSD: Price Extension Envisaged - The pair followed through lower on its nearer term declines off the 1.6875 level on Friday decisively violating its... EURUSD: The 1.4782/1.4625 Levels Keep MT Bias Higher - Even though EUR put in a negative performance the past week following its failure at the 1.5014 level, its Nov 16’09To EURUSD EURUSD: The 1.4782/1.4625 Levels Keep MT Bias Higher EURUSD - Even though EUR put in a negative performance the past week following its

Greenback Gains as Equities Consolidate

trading@cmsfx.com (CMS Forex) — Mon, 23 Nov 2009 02:12:53 GMT

Greenback Gains as Equities Consolidate The dollar ended the week higher against most major currencies as risk aversion pressured risky assets. European Central Bank President Jean-Claude Trichet stated that the ECB will withdraw emergency cash gradually and tighten the standards under which it accepts newly issued asset-backed securities as collateral from banks for its refinancing tenders from March 1, 2010 and from March 1, 2011 the tighter standard will apply to all ABS. The S&P 500

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

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