FXstreet.com: Technical

The Trend Trader for ETFs

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:14:24 GMT

The Trend Trader for the Dow 30 Stocks

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:12:16 GMT

The Trend Trader for Forex

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:10:48 GMT

The Trend Trader for Futures

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:06:24 GMT

Forex - Chart USD/MYR Update: Oversold daily tools to spur rebound

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 00:46:48 GMT

Published at 00:43 (GMT) 09 Feb 09 Feb USD / MYR Daily 00:32 GMT - Bears extended decline to 2.9950 support last session and oversold posture seen on daily technical tools is hindering further progress on the downside and triggering current rebound and would need to push higher above 3.0270 resistance to confirm a temporary low made. [W.T] R5: 3.0660 * 200-day MA line R4: 3.0600 * 30 Jan high R3: 3.0410 31 Oct low R2: 3.0350 2 Feb high R1: 3.0270 3 Feb high S1: 3.0040 intraday level S2: 2.9950

Forex - EUR/USD, USD/JPY Flows: Talks of huge EUR 1.30-1.33 DNT Options; ECB, Greece

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 00:07:26 GMT

Published at 00:05 (GMT) 09 Feb Greek government official said no choice but to finalise deal tonight. EUR/USD back up at 1.3244-45 - talks of good 2-way options related interest as well. Talks of huge 1.3000-1.3300 DNT options, speculation of huge Asian/ China interest. Talks of good options, China, Asian, sovereign related selling around 1.3280-90, ahead of the 1.3300 handle. EUR/USD hit 6-week highs of 1.3289 yest, highest level since Dec 12 1.3385. Talks "same names" bought EUR/USD on dips

The appetite for risk seemed to have peaked on Wednesday

education@cmegroup.com (CME Group) — Thu, 09 Feb 2012 00:01:58 GMT

The appetite for risk seemed to have peaked on Wednesday, as expected, with no news on the horizon to provide impetus. The deteriorating position of Greece is clear to everyone still caring to follow the saga, and whatever the resolution will be, should fall on deaf ears. It is becoming abundantly clear that Eurozone needs to cut Greece loose. And then, the EU will have to find a way to deal with the Italian and Portuguese crises. The European and commodity currencies ended lower or off their

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

Forex - Chart NZD/USD Update: Under pressure, watch .8285 support

analysis@fxmarketalerts.com (FXMarketAlerts) — Wed, 08 Feb 2012 23:36:37 GMT

Published at 23:32 (GMT) 08 Feb 09 Feb NZD/USD Daily Under pressure after stab above the .8400 level faltered at .8407 high. Sharp setback now returning to pressure the .8314 support, failure here expose .8285, Mon's low. Further out is the .8230, 8-wk channel support, would take break here to trigger deeper pullback. Resistance is at .8373/80 then .8407 high. [P.L] R5: .8542 1 Sep high R4: .8500 figure R3: .8460 * 5 Sep high, channel R2: .8407 8 Feb high R1: .8373/80 7, 3 Feb highs S1: .8314

Forex - Chart AUD/JPY Update: Bulls extending gain and eyeing 83.93 strong resistance

analysis@fxmarketalerts.com (FXMarketAlerts) — Wed, 08 Feb 2012 23:31:24 GMT

Published at 23:27 (GMT) 08 Feb 09 Feb AUD/JPY Daily 23:00 GMT - Bulls extending upmove from 80.50 low with a high made last session at 83.60, shying off the strong barrier at 83.93 and with bear-divergence seen on both daily RSI/Stochastic, would be cautious of building fresh longs towards 83.93 as risk of a reversal from the latter increases. [W.T] R5: 85.57 2 Aug high R4: 85.15 4 Aug high R3: 84.43 25 Jul low R2: 83.93 ** 31 Oct high R1: 83.60 8 Feb high S1: 82.76 8 Feb low S2: 82.60 3 Feb

Euro and Aussie at Fresh Year highs

info@easy-forex.com (Easy Forex) — Wed, 08 Feb 2012 23:26:21 GMT

U.S. Dollar Trading (USD) stocks moved higher in the US session after hitting day lows in Europe on fears Greece may not reach a debt deal. The mood brightened on reports that negotiations were continuing and that Greece politicians have agreed to fresh austerity measures. The Euro (EUR) the EUR/USD found support at 1.3100 and surged to 1.3270 on the Greece austerity news before consolidating the gain in Asia. The mood is improving and we are looking to the topside as fears continue to ease

GBPUSD rotates down to 8 day EMA support

(Learn To Trade The Market) — Wed, 08 Feb 2012 23:38:30 GMT

Chart in Focus: Daily GBPUSD The GBPUSD moved lower today into the 8 day EMA support level. We can see price moved higher off the pin bar setup from Monday before retracing lower today. We still see momentum as bullish in this market and will watch for price action buy signals to re-join the uptrend on any rotations lower into the dynamic 8 / 21 daily EMA support layer.

NY Session: USD slightly firmer but still vulnerable

info@forex.com (FOREX.com) — Wed, 08 Feb 2012 22:08:05 GMT

The buck traded slightly firmer today but remains vulnerable to event risk ahead of key central bank meetings tomorrow and as details emerge regarding a Greek debt and austerity deal. The USD is also showing technical signs of weakness as the Dollar Index trades below the 100-day sma. It was a relatively quiet day in the FX markets as prices consolidated ahead of tomorrow’s BoE and ECB meetings. There was little economic data released out of North America with the only data of note being

USD/CHF Trading at Range Support with Bearish Bias

(FXTimes) — Wed, 08 Feb 2012 20:43:25 GMT

USD/CHF The USD/CHF has been consolidating since hitting 0.9113 and rallied to 0.9264. Instead of popping up from a double bottom, it has created a range between these two pivots. There is also a middle band that can be seen between roughly 0.9160 and 0.9210. The 4H chart shows the market trading at the range support around 0.9113 during the 2/8/2012 European-US session. The RSI rejected a brief break above 60, sign of bearish bias, and if the reading can fall back below 40 as it is attempting

USD/CAD – Looking for Breakout in Momentum

(FXTimes) — Wed, 08 Feb 2012 20:36:51 GMT

USD/CAD The USD/CAD respected the declining channel resistance the last couple of times, but since finding support at 0.9927, its momentum has gotten flat. The 1H chart shows the RSI reading stuck between 40 and 60, reflecting the neutral and consolidation momentum. Today, a sharp attempt to break the declining channel resistance resulted in a quick rejection as the RSI also tested 60. If the market is to find a bottom, the RSI should rally above 60, but if the market is in bearish

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

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

GBP/USD could extend losses below 1.5800

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Wed, 08 Feb 2012 17:18:49 GMT

The Pound weakened during the American session, falling sharply toward the 1.5800 area versus the Greenback as risk appetite waned and ahead of tomorrow's BoE monetary policy meeting which is expected to result in a likely expansion of the QE. Short-term studies have turned negative, although GBP/USD holds a bullish tone in 4 hour charts with the price finding support at an ascendant trendline coming from Jan 13 lows (1.5795), and indicators turning south still above their midlines. However, a

GBP/USD: The pair trended lower throughout the session

contact@talking-forex.com (Talking-Forex.com) — Wed, 08 Feb 2012 16:55:48 GMT

EUR/USD The pair finished the session in minor positive territory following reports that the ECB is said to be willing to exchange Greek bonds with EFSF. In addition to that, although a vast majority of officials remain adamant that no haircuts will be applied, WSJ report indicated that the concession by the ECB will contribute to the Greek debt reduction, and the concession depends on the overall debt agreement being set. However it remains to be seen what effect using the EFSF for such

EUR/USD to Consolidate Gains Ahead of ECB Meeting

(FXTimes) — Wed, 08 Feb 2012 16:49:33 GMT

EUR/USD After rallying from 1.3030 to 1.3280, the EUR/USD is seeing bearish divergence with the RSI in the 1H chart. Also it has been trading at the upper bollinger band (3 standard deviations from the 200 simple moving average). Along with anticipation of a risk-event in the ECB meeting tomorrow at 7:45 AM EST (12:45GMT), the EUR/USD is set to consolidate. Price action shows respect of 1.33, holding highs near 1.3280. (The ECB press conference at 8:30AM EST will also be widely monitored) The

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.

Gold Eyeing 1760-65 levels

info@ew-forecast.com (Elliott Wave Forecast) — Wed, 08 Feb 2012 14:37:26 GMT

Gold found the support in the past sessions very close to previous wave four of one lesser degree. In fact, prices also retraced lower for 38.2% of wave 3 distance, where typical wave four finds the support. Well, is clearly impulsive from 1709 so all is in place for further strength into a wave 5) of (1), towards upper EW channel resistance line.

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

Forex - Chart USD/JPY Update: Push to hold 77.00~

analysis@fxmarketalerts.com (FXMarketAlerts) — Wed, 08 Feb 2012 14:15:04 GMT

Published at 13:49 (GMT) 08 Feb 08 Feb USD/JPY Daily 13:35 GMT - Trades either side of 76.90/ Jan-Feb pivot are unresolved-this level needs to be cleared and held for a rally call back to 77.80, to fill out the Dec-Jan midrange & at least defer the potential for a l/t selloff. Throw back from 77.00~ keeps sell off risk from the longer term 7670~ pivot alive. [NR] R5: 78.30 * 25-Jan high R4: 78.15~ * dntrend fr Jun-07 R3: 77.82 26-Jan high R2: 77.80~ * Dec-Jan-12 high volm R1: 77.30 mid-Jan

The API reported unexpected fell in U.S. crude stockpiles

piet.lammens@kbc.be (KBC Bank) — Wed, 08 Feb 2012 13:52:17 GMT

Crude The weaker U.S. dollar supported commodities prices across the board on Tuesday and in intraday trading hit yet another multi-month high. In late afternoon, Brent price was seen as high as at 117.50 USD per barrel. Moreover, the spread between 1M and 2M contract slightly widened (see the chart). Meanwhile, the spread between Brent and WTI slightly tightened and returned back below 18 USD per barrel. Several pieces of news played in favor of the U.S. benchmark. First, Alberta’s Horizon

Yesterdays the market caught us by surprise

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 08 Feb 2012 13:22:38 GMT

S&P 500 (Mar 12) INTRADAY Review Yesterday we preferred to remain cautious with a short entry as our experience told us that Greece would fail to conclude talks on further austerity and that this leads to risk-off in the markets. This view couldn’t have been more wrong! Even though a conclusion to the talks has yet again been delayed, the markets seem for the first time content to look beyond this and price in a positive outcome eventually. Our short entry was at the pivot at 1336.50 and

Euro Higher on Positive Greek Headlines; Nikkei 225 Pushes above Psychological Levels at 9000

info@spreadbetting.com (Spread Betting) — Wed, 08 Feb 2012 13:12:52 GMT

The Euro moved higher last night against most of the majors as markets were encouraged by the latest headlines out of Greece. Tuesday’s meeting session for the Greek government resulted in comments that an agreement would be reached by the middle of the day on Wednesday and many traders are using this as a reason to enter into short-term buy positions in the EUR/USD. The European Central Bank will be able to give more clarification of the latest developments during its monetary policy

GBP/USD Trading at Resistance Cluster Around 1.59

(FXTimes) — Wed, 08 Feb 2012 13:07:54 GMT

GBP/USD The daily GBP/USD chart shows a market that has been in a bull swing that broke above a declining trendline. It is now stalling as it tests a resistance cluster. There is a pivot around 1.59 , a 200-day simple moving average, and the 50% retracement o(f 1.6616 to 1.5232 ) at 1.5924 . The RSI is also tagging 70, which shows some bullish momentum, but in the short-term signals overbought conditions. This calls for a correction, but if the trend persists afterwards, the upside is to the

Gold Respects Channel Support; Trading Toward 1800

(FXTimes) — Wed, 08 Feb 2012 13:00:51 GMT

XAU/USD (Gold) Since breaking the declining trendline seen in the daily chart, gold (XAU/USD) has rallied to the first target/resistance level near 1760 ( 1768 is 61.8% retracement of the 1920.75 to 1522.60 run). Looking at the daily chart, we also see that a break above 1770 should clear the way for 1802 , the next target/resistance. Above that opens up the record high at 1920.75 . The RSI in the above chart hit 70, reflecting the fact that gold has not turned bearish, but rather turned

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

EUR/USD: Further gains above 1.3290 with 1.3335 at sight

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Wed, 08 Feb 2012 12:44:25 GMT

The Euro extended gains versus the Dollar and hit a fresh 6-month high on Wednesday amid optimism Greek leaders are near a deal on measures to secure a second bailout from the troika. After breaking above the 38.2% retracement of the 1.4246/1.2623 fall at 1.3243, EUR/USD has found resistance at the 1.3290 area. Technically, short-term studies remain positive, although momentum is lacking strength. A break above the 1.3290/1.3300 area will open the doors for a test of the 1.3335 zone, where the

Forex - Mexico Flows: Sideways trading around 12.67 on lack of news and data

analysis@fxmarketalerts.com (FXMarketAlerts) — Wed, 08 Feb 2012 12:43:16 GMT

Published at 12:21 (GMT) 08 Feb With no real news from Europe, MXN traders are not sure about which way to go and are threading water at 12.67. No data from both the domestic and the US market means lack of direction will be prevalent the whole day although technical short covering in EUR may provide some movement but again we depend on European news for a definite trend. Look for 12.65/75 range.

The appetite for risk is firm ahead of the US open

education@cmegroup.com (CME Group) — Wed, 08 Feb 2012 12:08:26 GMT

The appetite for risk is firm ahead of the US open. While this is in line with my forecast since last week, it is somewhat surprising in the light of the rapidly deteriorating position of Greece. Seemingly right out of a French farce, Greek parties continue to miss deadlines, sometimes because of missing paperwork, even though their country desperately needs a new international rescue to avoid a chaotic default. It is difficult to comprehend when common sense will prevail in the red tape mess

Forex - EUR/GBP, GBP/USD Flows: rhs fix helps cross break .8350 offers

analysis@fxmarketalerts.com (FXMarketAlerts) — Wed, 08 Feb 2012 12:26:35 GMT

Published at 11:03 (GMT) 08 Feb We have just heard of a right hand side fix in EUR/GBP, which has duly helped the cross break through offers at .8350. Specs will try for .8400, but with EUR/USD struggling ahead of 1.3300, it will not be easy. Meanwhile, Cable is dropped below 1.5900 on the move, but support seen in decent size bids from 1.5860 down to 1.5840.

EURUSD: Turns Above The 1.3233 Level, Looks To Strengthen Further

m.isah@fxtechstrategy.com (FXTechstrategy) — Wed, 08 Feb 2012 11:30:44 GMT

EURUSD: Turns Above The 1.3233 Level, Looks To Strengthen Further. EURUSD - Having climbed above its key resistance at the 1.3233 level, its Jan 27’2012 high, we are looking for EUR to strengthen further. This will aim at the 1.3375 level, its Dec 12’12 high with a breach targeting its Dec 02’2011 high at 1.3547. Its daily RSI is bullish and pointing higher suggesting further strength. Alternatively, on pullbacks support lies at the 1.3233 level where a violation will aim at the 1.3000 level

Forex - Troika Deadline Looms

support@ac-markets.com (Swissquote Bank SA) — Wed, 08 Feb 2012 10:46:13 GMT

Forex News and Events: The global risky rally sustained its earlier gains in Asian session and continued to push higher. Rejuvenated confidence on a the ability of Greece to secure the Troika second bailout package buoyed risk sentiment yesterday, pushing equities higher and pushed Treasury prices and USD lower. EURUSD climbed to 1.3287 from 1.3100 yesterday while AUDUSD jumped to 1.0844. Asian equities kept the optimism going led by a rally in Shanghai up 2.43% and Hang Seng up 1.47%. Weak

Video Analysis: Commodities Supportive For Majors

info@ew-forecast.com (Elliott Wave Forecast) — Wed, 08 Feb 2012 10:15:00 GMT

Hello traders! Stocks are higher, USD reached new lows against the majors during Asian session, and it seems that this type of a price action will continue this week, especially after a sharp impulsive break on Eur/Usd yesterday out of its6-day consolidation range. USD weakness is also seen across the board because of higher commodities. Gold and oil are looking very bullish after reversal from the lows few sessions back. For more detailed analysis please check new video analysis below.

Daily FX Retail Trader Contrarian Analysis

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

The January Indicator Suggests a Positive 2012. A Short-Term Pullback Could Occur, But Don't Discount Upside Surprises

sales@phases-cycles.com (Phases & Cycles) — Wed, 08 Feb 2012 10:07:40 GMT

As 2011 drew to a close, one of the focal points of our Market Comments was the prospects for a Santa Claus rally and the possible impact this would have for the start of 2012. The Santa Claus rally kicked in about mid-December, and the markets did not look back in January. By the end of the month, most major market indices were showing nearly 10% gains. January’s strong upside action has confirmed the importance of the October 2011 low. The rally has now pushed most major market indices above