| EURGBP: Attention Now On The 0.9499 Level
September 28, 2009 at 6:30 am
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| | With its short term uptrend triggered off the 0.8456 level decisively pushing through the 0.9082 level, its April'19'09 high the past week, EURGBP now eyes a move higher towards the 0.9489 level where its Mar'09 high is sited.Although a price stall is now seen which is expected following its recent... |
| USD/JPY Recovers After Heading Towards January Lows
September 28, 2009 at 5:53 am
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| | The USD/JPY's long-term downtrend kicked in much quicker than we anticipated. The psychological 90 level didn't put up much of a fight, certainly a negative technical sign. Investors continued to snatch up the Yen after the BoJ confirmed that it may be less inclined to intervene in FX markets than... |
| GBP/USD Continues its Rapid Descent
September 28, 2009 at 5:52 am
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| | The Cable has deteriorated faster than we anticipated, blowing right past the psychological 1.60 level with little hesitation. The GBP/USD has proceeded to decline below June 8th lows, a significant negative technical development in our eyes. The Cable appears to be committing to a more protracted downtrend pattern. Though the... |
| EUR/USD Climbs Back Above 9/21 Lows
September 28, 2009 at 5:51 am
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| | The EUR/USD is trading back above 9/21 lows, recovering from earlier losses while avoiding a retest of 1.45. Meanwhile, the EUR/GBP is trading off of intraday highs after touching .93. Therefore, the EUR/USD is rebounding with a broad-based dip in the Dollar rather than thriving off of the Euro's relative... |
| EURUSD: Corrective Pullback Extension Unfolds
September 28, 2009 at 5:16 am
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| | Corrective weakness activated at the 1.4844 level continues to extend pushing EUR to as low as 1.4563 in early trading today and suggesting that further nearer term losses could develop towards the 1.4514 level where its Sept 14'09 low is located. Below that level should turn focus to its strong... |
| Eur/Usd Pull-back
September 28, 2009 at 1:39 am
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| | The euro has broken through the 1.4610 support area in the past sessions, as expected. Traders however, should be very careful with the dollar long positions from the current price area as wave I) may just be completed. If this is the case then a long-euro corrective pull-back into wave... |
| Currency Technical Report
September 27, 2009 at 11:56 pm
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| | The week starts negative for euro, as it moved below the base of 1,4600, confirming the short term trend reversal and the short term tops formation. The downward break of the first important support levels in stock indices and crude oil, indicate that the decline is likely to be resumed.... |
| Forex Technical Analysis
September 27, 2009 at 11:27 pm
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| | EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. |
| Foreign Exchange Market Commentary
September 27, 2009 at 10:35 pm
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| | EUR/USD closed lower on Thursday as it consolidates some of this month's rally. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally... |
| Daily FX Report
September 27, 2009 at 10:28 pm
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| | Since the beginning of September, the NZD has been trading in a bullish trend. Now, the NZD reached the bottom of the Bollinger Bands. Five times before, when it touched the low Bollinger Band, it recovered to or over the middle Bollinger Band line. Also the RSI may indicate a... |
| Forex and Dow Jones Recommended Levels
September 27, 2009 at 10:23 pm
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| | EUR/USD Today's support: - 1.4552 and 1.4536(main), where correction is possible. Break would give 1.4497, where correction also may be. Then follows 1.4476. Break of the latter would result in 1.4444. If a strong impulse, we would see 1.4425. Continuation will give 1.4405. |
| Forex Technical Analytics
September 27, 2009 at 9:09 pm
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| | The pre-planned long positions from key resistance range levels were implemented but with loss in the achievement of minimal estimated target. OsMA trend indicator, having marked bullish activity priority at the break of key resistance range levels gives grounds to preserve bullish direction priority for planning of trading operations for... |
| FX Technical Analysis
September 27, 2009 at 8:37 pm
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| | EURUSD Comment: Retreating neatly from this year's high at 1.4845, still clearly above the most recent Fibonacci retracement though below the nine-day average for the first time this month. Allow for more sideways work today noting that the Euro is on its way to becoming oversold. |
| Technical Analysis for Crosses
September 27, 2009 at 8:31 pm
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| | Sterling versus Japanese yen has collapsed downwards, respecting our daily double top formation scenario. Now the door is opened to reach the detected technical target of the pattern around 137.50 first, followed by 134.95 over the short term basis and any upside movements should be seen as a correction. AROON... |
| Technical Analysis for Major Currencies
September 27, 2009 at 7:48 pm
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| | The Euro versus Dollar pair was able to form a bearish technical pattern, seen in the image above, with a neckline at 1.4615. We expect the pair to decline on the intraday and short term basis, targeting 1.4360 before extending declines towards 1.4275. The stochastic indicator is showing oversold signs,... |
| FX Technical Commentary
September 27, 2009 at 6:27 pm
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| | Euro 1.4590 Initial support at 1.4516 (Sept 14 low) followed by 1.4467 (Sept 9 low). Initial resistance is now located at 1.4844 (Sept 23 high) followed by 1.4866 (September 22 2008 high) |
| The Daily Forecaster: USDJPY
September 27, 2009 at 5:52 pm
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| | Price resumed its decline on open this morning and has reached 88.23. I do see support in the 88.14-23 area - and good enough to provoke total reversal. However, if I look at the momentum position only the 8 hour, daily and weekly charts are showing potential for a bullish... |
| Daily Technical Analysis
September 27, 2009 at 3:38 pm
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| | The EURUSD bullish scenario is still intact by a rejection to move below 1.4595 and bounce to the upside on Friday. I think we are in no trading zone now and the bearish correction/reversal warning is still there. A look at my h4 chart below we can see that after... | | | 
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