Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Elliott Wave - GOLD, EUR/USD
We are also back with the two hour updated time frame chart on the euro, after the market completed the correction in blue wave IV. The prices are already continuing lower to approach the wave V targets of the red wave C. The downside target could be between 1.3250-1.3350, where...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Chart Of The Day: USD/CAD
As of Friday mid-session in New York, recent dramatic bullish moves on the USD/CAD (a daily chart of which is shown), have shot price up past several key resistance zones, reaching all the way up to the major 1.1970-2.000 resistance region before finally backing off. This level represents close to...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
FX Thoughts for the Day
It is a question that needs to be asked - if Swiss Franc was also a "carry trade" currency (alongwith the Yen), why has the Swiss Franc not strengthened alongwith the Yen, instead of weakening alongwith the Euro? For now, it looks like it may be in a large sideways...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Market Panic Drives Volatility For The Australian And New Zealand Dollars
A panic has seized the global financial markets, sending the stocks plunging and overnight lending rates soaring. For the currency market on the other hand, the high-risk, carry pairs have been comparatively quiet. This won't last for long though and our DailyFX Analysts are positioning for what is expected to...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Daily Forex Analysis
EUR/USD The pair has been range-trading for the past few days, and is now traded around the 1.3620 level. Currently, the Bollinger Bands on the 4-hour chart are tightening, suggesting that a sharp movement is impending, and as all oscillators on the 4 hour-chart are pointing down it appears that...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Daily Technical Strategist
EUR looks to head to the downside again as its attempt on the upside was halted ahead of the 1.3852/82 zone, its Sept 11'08 low/July'07 high opening up risk towards its YTD low at 1.3443.Presence of three shooting star candles remains supportive of the said retest which is also in...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Technical Analysis Daily: USD/JPY
The US Dollar continued descending significantly yesterday against the Japanese Yen from Thursday's top 101.46 to this morning's bottom 97.88, which are the first resistance and support levels respectively for the currency couple today. The Yen remains as the strongest major currency on the market, and if the negative trend...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Currency Pair Daily Forecasts
EUR/USD-market strategy can be a buy from the level 1.3590$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market,...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Currency Technical Report
The upward move above 1,3750-70 area was reversed, canceling all upward expectations and the pullback below 1,3700 indicated what is about to follow. The upward consolidation from 1,3440 was reversed and euro is reaching now the support level of 1,3510, which is a target for our upward expectations.
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Technical Analysis Daily: GBP/USD
The British Pound descended significantly yesterday against the US Dollar from Wednesday's top 1.7397 to this morning's bottom 1.6807, which are the first resistance and support levels respectively for the currency couple today. But at the moment the GBP/USD couple is correcting upwards, and if the positive trend continues, as...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Forex Technical Analysis
EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4595 and 1.5183.
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Forex Technical Update
Japan remained away when major global banks had a co-ordinated 50 bps points rate cut on Wednesday which made yen appreciate close to 200 pips and touched the lows of 97.91 on Thursday as the Dow also went below the 9k mark. The charts are indicating further downside for the...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Daily FX Report
The GBP dropped to the lowest level against the USD in almost 5 years to 1.6847 on concern on the dispute between UK and Iceland governments over financial assets which will maybe escalate. The cable declined to 1.6922 in Tokyo from 1.7097 late in NYC yesterday. It earlier reached 1.6902...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Forex Depth Analysis: GBP/USD
The pound dropped to the lowest level against the dollar in almost five years on concern a dispute between the U.K. and Iceland over financial assets in each other's countries will escalate.
The currency headed for a second weekly decline after Prime Minister Gordon Brown said yesterday the U.K. may freeze...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Forex Technical Analytics
The presumed key supports test for buying positions realization was not confirmed but the low activity preservation of both parties considering the chosen strategy gives reasons for the preservation of former trading planes practically unchanged. Hence, as before we assume the possibility of attainment close 1.1200/20 supports, where it is...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Technical Analysis for Major Currencies
The euro settled with 23.6% correction as the intraday upside move did not last as we said and now we are heading for a new downtrend expected to take us to a new low for the pair below the previous 1.34 levels. The pair now targets 1.3335 which is the...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
FX Technical Analysis
EURUSD Comment: Still hovering nervously above a new recent low at 1.3444 in what is a potential C leg of an A, B, C-type correction where C is 0.6% of A, yet attempts at rallying have been pathetic so far. The Euro is oversold and bearish momentum its strongest ever,...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Technical Analysis for Crosses
Risk filled the markets yesterday resulting in a major sell off of the Euro against the Yen as it was able to breach and close below the key support for the long term descending channel at 135.00. Today, the support has now become the resistance at about the 134.30s levels...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Foreign Exchange Market Commentary
EUR/USD closed slightly lower on Thursday due to profit taking as it consolidates some of this week's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral to bullish hinting that a short-term bottom might...
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Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/09/2008
Technical Analysis Daily: EUR/USD
The Euro descended significantly yesterday against the US Dollar from Thursday's top 1.3774 to this morning's bottom 1.3510, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, as we expect for the moment, next support for today is expected at...
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