| Dollar Index Targets 75.00 On S&P 1075 Break
October 12, 2009 at 2:33 am
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| | S&P futures are trading significantly higher at the start of the new week and are higher by close to 1%, with current prices around the 1075 top from September 09. The break higher on equities comes on a day of disjointed order flows because of the bank holidays in Japan,... |
| GBPUSD: On The Verge Of Taking Out The 1.5768 Level
October 12, 2009 at 2:21 am
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| | The pair was seen declining further lower in early trading today testing below the 1.5768 level and suggesting further weakness of an eventual a loss of the mentioned level. We have highlighted this weakness in the short term in our weekly analysis and a loss of the 1.5768 level will... |
| EURGBP: Breaks The 0.9299 Level, Resumes Its ST Uptrend
October 12, 2009 at 2:20 am
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| | A follow-through higher on the cross's upmove off the 0.9076 level saw it rallying and decisively violating the 0.9299 level (Sept 27'09 high) today. With the resumption of its short term uptrend activated, risk remains higher for further strength towards the 0.9499 level, its Mar'09 high with a turn above... |
| FX Thoughts for the Day
October 12, 2009 at 2:15 am
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| | Cable fell sharply after rising towards 1.5880 during the day. Though it has fallen even before testing the Resistance at 1.5920-60, but chances of a fresh rise towards 1.5920-60 if not higher may be seen before an eventual dip towards 1.56-55 over the next few days. The S-H-S on the... |
| Daily FX Report
October 11, 2009 at 10:52 pm
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| | Since the beginning of September, the GBP has been trading in a bearish trend against the USD. Now, the GBP touches its support line at 1.5825 and it seems that the support is strong enough. When the currency pair reached its support two times before, it could recover. Also the... |
| Forex Technical Analysis
October 11, 2009 at 10:43 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. |
| Forex Technical Analytics
October 11, 2009 at 9:37 pm
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| | The pre-planned short positions were implemented and the achievement of estimated targets is supported by rate dullness according to OsMA trend indicator version and the expectations of confirmative bearish activity development. Therefore, for opened sales, as it was before, the targets will be 1,0260/80, 1,0200/20, 1,0160/80 and (or) further break-out... |
| FX Technical Analysis
October 11, 2009 at 9:19 pm
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| | EURUSD Comment: Stuck between this year's high at 1.4845 (and a potential small 'double top') and above the 9-day moving average as weaker currencies are hit first. We shall continue to pencil in another week or two of consolidation which would allow the Ichimoku 'cloud' and trendline support to move... |
| Forex Technical Update
October 11, 2009 at 9:05 pm
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| | EURO had a moderate bullish momentum yesterday . The pair is now trading above the trendline resistance indicating bullish pressure still able to maintain it's momentum. Technically in nearest term the bias is bullish testing 1.4720 - 1.4850 area. However please note that in longer term perspective, the rejection to... |
| Technical Analysis for Major Currencies
October 11, 2009 at 8:46 pm
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| | The euro versus dollar pressured the minor support levels breaching the minor ascending channel to reverse and head towards the minor support around 1.4675. This constant pressure makes us expect an intraday move to the downside, targeting first 1.4595 and then 1.4500; note that the Stochastic has entered oversold areas... |
| Technical Analysis for Crosses
October 11, 2009 at 8:21 pm
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| | The pair inclined aggressively, activating the RSI 14 positive sign, signaling that the previous discussed upside corrective rally towards the broken neckline of our captured daily double top around 147.00 has been activated. The secondary image shows a bullish candlestick formation above the key support level of 141.70 that argues... |
| Daily Technical Outlook
October 11, 2009 at 8:16 pm
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| | Short term sentiment remains positive despite Friday's minor pullback to 1.4675 but the intra-day charts show signs of weakness since falling below 1.4750 support. Therefore, a break above 1.4750/70 is needed to re-initiate the intra-day uptrend. On a potential resume of the uptrend, objectives may be set around 1.4800 and... |
| Foreign Exchange Market Commentary
October 11, 2009 at 8:04 pm
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| | EUR/USD closed lower due to profit taking on Friday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this... |
| Market Morning Briefing
October 11, 2009 at 5:38 pm
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| | The Euro (1.4705) is continuing to trade lower and might test the Support region 1.4650-30. Dollar-Yen (90.08) has risen from Friday's low of 88.64 and might test the Resistance at 90.50 if it continues to trade higher. Euro-Yen (132.47) Cross is also trading higher and might see a rise towards... |
| Forex and Dow Jones Recommended Levels
October 11, 2009 at 5:19 pm
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| | EUR/USD Today's support: - 1.4670 and 1.4626(main), where correction is possible. Break would give 1.4602, where correction also may be. Then follows 1.4569. Break of the latter would result in 1.4532. If a strong impulse, we would see 1.4490. Continuation will give 1.4476. |
| Daily Technical Analysis
October 11, 2009 at 4:51 pm
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| | The EURUSD made another downside correction on Friday. On h1 chart below we can see that the pair attempted to push lower, slipped below 1.4688 support area (38.2% Fibo retracement of 1.4479 - 1.4817) but so far further downside pressure was limited . The bias is neutral in nearest term.... | | |  |
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