| FX Technical Commentary
October 19, 2009 at 4:25 pm
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| | Euro 1.4940 Initial support at 1.4839 (Oct 14 low) followed by 1.4674 (Oct 9 low). Initial resistance is now located at 1.4980 (Aug 13 high) followed by 1.5000 (Psychological Level) |
| The Gold/S&P/Euro Trifecta
October 19, 2009 at 8:35 am
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| | The Elliott wave team at TheLFB monitors thirty sets of global market charts that are updated each day for member review, that cover the major forex pairs, as well as the dollar index, S&P futures, oil, and gold. The technical wave structure on gold is holding above 1043 support, which... |
| USD/JPY Forms Inverted Head & Shoulders
October 19, 2009 at 3:59 am
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| | The USD/JPY has just completed an inverted Head & Shoulders pattern on the daily chart. Unlike its cousin, the Head & Shoulders, this pattern indicates a bullish signal for the pair. With this pattern a forex trader would typically look to enter after a strong breach of the neckline around... |
| Euro Elliott Wave 4 Hour and Daily Review
October 19, 2009 at 1:59 am
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| | Eur/Usd is still trading near to the yearly highs, albeit with a very slow price action that has the personality of a correction move. As such, traders should look for a further move higher in the current red wave III (shown below), that is a sub-wave of a larger wave... |
| EURJPY: Set To Breakout Of Its Symmetrical Triangle
October 19, 2009 at 1:54 am
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| | Having maintained a third week of upside gains following its failure below its triangle bottom at 130.24 and subsequent recovery higher, the cross now looks to build on those gains with eyes on the breakout of the mentioned symmetrical triangle. If this is seen, scope for further higher prices will... |
| GBPUSD: Hesitation To Price Digestion
October 19, 2009 at 1:53 am
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| | Weakness in early trading today following the pair's marginal close on Friday remains suggestive of price exhaustion after GBP's run off the 1.5706 level to a high of 1.6399 the past week. However, the nearer term price run to the upside remains valid while its Sept 30'09 high at 1.6124... |
| FX Thoughts for the Day
October 19, 2009 at 1:33 am
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| | Cable GBP-USD @ 1.6291/95...Watch Resistance 1.6420-50. Cable has bounced back after recording a low of 1.6240. The Resistance at 1.6420-50 is the region to be watched closely. A break of this can be very bullish for the pair. Our Short at 1.6301 has been exited at 1.6290 bagging 11 pips. |
| Currency Technical Report
October 19, 2009 at 1:05 am
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| | The area of 1,4950-00 could not be breached easily, as expected, but retracements remained weak in terms of the uptrend. Buy opportunities emerged during retracements and today euro is testing again 1,4950-70 area as resistance. |
| Forex Technical Analysis
October 18, 2009 at 11:31 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 18, 2009 at 9:00 pm
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| | The estimated test of key resistance range levels has been confirmed and the achievement of estimated targets is supported by the tendency of rate overbought strengthening marked by OsMA trend indicator. Therefore, as for opened sales, as it was before the targets will be 1,0120/40, 1,0080/1,0100 and (or) further break-out... |
| FX Technical Analysis
October 18, 2009 at 8:46 pm
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| | EURUSD Comment: Consolidating neatly under 1.4968, which was also an interim high in November 2007. The Euro is not so overbought and is clinging to the 9-day moving average - which has done an excellent job limiting intra-day lows this month. Expect a little more consolidation prior to another break... |
| Daily Technical Outlook
October 18, 2009 at 8:26 pm
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| | The support zone around 1.4840 has provided a stable reversal point so far and the upward channel formed on the 4-hrs chart, as seen below, is intact – the lower band providing support on last pullback. However, intra-day momentum is quite weak and a break above 1.4920/30 is needed to... |
| Technical Analysis for Major Currencies
October 18, 2009 at 8:21 pm
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| | The Euro versus Dollar pair attempted to breach the pivot support at 1.4850, yet failed to do so due to the positive pressure seen from the stochastic indicator. We still see the pair in need for a downside correction towards 1.4745 before rebounding back to the upside on the intraday... |
| Technical Analysis for Crosses
October 18, 2009 at 8:16 pm
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| | The GBP/JPY pair is still preparing for a downside correctional movement as we discussed in our Friday's report. The obvious negative candlestick formation around the extended wave of the bearish harmonic pattern proves that the intraday outlook is to the downside, supported by OsMA, RSI 14 and AROON bearish signs.... |
| Forex and Dow Jones Recommended Levels
October 18, 2009 at 7:52 pm
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| | EUR/USD Today's support: - 1.4855 and 1.4816(main), where correction is possible. Break would give 1.4802, where correction also may be. Then follows 1.4779. Break of the latter would result in 1.4753. If a strong impulse, we would see 1.4736. Continuation will give 1.4704. |
| Daily Technical Analysis
October 18, 2009 at 6:27 pm
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| | The EURUSD made a significant technical movement early today in Asian session, break below my key support level 1.4850. Technically, this fact open a way for a further bearish correction at least re-testing 1.4720 in nearest term, but correction is just a correction and short position is not recommended at... |
| Foreign Exchange Market Commentary
October 18, 2009 at 6:21 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 mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If... |
| The Daily Forecaster: USDJPY
October 18, 2009 at 6:16 pm
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| | There was no pullback on Friday but the rally didn't quite reach my resistance target either. I suspect therefore that we could see the pullback lower in the first half of the day with 90.07-37 that area to look for a buying opportunity. Only a direct break above the 91.31... |
| Usd/Jpy Resistance At 91.50
October 18, 2009 at 4:14 pm
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| | Yen prices have traded up over the last few sessions into our wave C target area, shown around the 91.10 -91.50 zone, after the break of the 90.43 top. If the market is forming a corrective structure of a blue wave B) then this retrace from 88.00 support zone to... |
| FX Technical Commentary
October 18, 2009 at 3:30 pm
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| | Euro 1.4850 Initial support at 1.4839 (Oct 14 low) followed by 1.4674 (Oct 9 low). Initial resistance is now located at 1.4980 (Aug 13 high) followed by 1.5000 (Psychological Level) | | | 
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