FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
USDCHF pulled back from 1.1486
USDCHF pulled back from 1.1486 and formed a sideways consolidation in a range between 1.1128 and 1.1486. Further rally could be seen after consolidation, a break of 1.1486 level will signal resumption of up trend, and the next target would be at 1.1800 zone. Initial support is located at 1.1128, and followed by the up trend line 1.0010 to 1.0693, now at 1.0900 level. For long term analysis, USDCHF is in long term bullish movement. Further rise is still possible to 1.2000 zone after

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Chart of the Day - USD/CAD
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; horizontal support/resistance levels in yellow; 200-period simple moving average in light blue.) 10/10/2008 – 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

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Mid-Day Forex Technical Report - Volatile Stocks, Calm Currencies
Action Insight Mid-Day Report Volatile Stocks, Calm Currencies Volatile prices actions continue today with Dow opens sharply lower and dives to below 8000 level briefly but rebounds strongly since then. The forex markets are relatively steady. Dollar and yen remain generally firm but struggle to ride on the falling global stock markets to make decisive break against Euro and Aussie. The Canadian dollar is sold off sharply across the board following Crude oil's weakness which sees it breaches

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
FX Thoughts for the Day
EURO, JAP YEN and EURO-YEN --------------------------- Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ---------------------     USD-CHF @ 1.1178/83...Can target 1.10-09 ----------------------------------------- R: 1.1250 / 1.1315-25 S: 1.1145-15 / 1.0900 It is a question that needs to be

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Currency Majors Technical Analysis
American Session EUR/USD - Euro Dollar 1,3526. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3440 (86 pips). The consolidation should continue. If the support is broken then the target

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Global markets tumble before G7 meeting
Frantic selling swept through Europe and Asia on Friday as fears over global recession continued to wreak havoc. Eyes will be on the Group of Seven major industrialised nations meeting in Washington DC later today to see what can be done to reassure investors. The U.S government is considering guaranteeing billions of dollars of bank debt and temporarily insuring all U.S. bank deposits. Stocks across the world experienced free fall this week as Europe joined in a frenzied sell off in Asian

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Action Bias Summary Table

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
EUR, GBP Weakest
With the global stockmarkets in a kind of a "Crash in Installments" the euro and the British pound have been pummeled most of yesterday and in late Asian trading against their dollar, yen and Swiss franc pairs. The European morning hours saw some recovery in these two weaklings so far. With its renewed downmove, the euro has only broadened its trading range though, which is still sidewards against the dollar, so the conclusion for a consolidation/correction phase of the Greenback`s recent two

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
EURUSD: Failure Ahead of The 1.3852/82 zone Suggests A Retest of The 1.3443 Level
EURUSD: Failure Ahead of The 1.3852/82 zone Suggests A Retest of The 1.3443 Level .–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…  GBPUSD: GBP Clears The 1.7049 Level, Triggers Long Term Downtrend - As highlighted in our Thursday analysis, with a loss of the 1.7049 level achieved and its June’03 high at 1.6857 being challenged in early morning

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
EUR/USD
EUR/USD broke out from the channel to the down side, but without power. Fake break out? Maybe, support line at 1.3439 even has not been touch yet. We must respect the fact – price moved down below channel line and accept it without thinking too much fake break out or not. Until resistance line at 1.3737 has not been broken, trend is negative.

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
USDCHF Triangle
USDCHf has reached the support zone at 1.1225/50 and we have already seen the pair bounce a couple of times failing to punch through; this support zone coupled with the trendline connecting a series of lower highs is forming a triangle over the course of past few days. Although this looks like a strong support level a break from here will increase the bearish momentum and push the pair all the way down to 1.11 perhaps even lower. Conversely a movement above the resistance trendline will open up

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Currency Technical Report
EUR/USD Resistance : 1,3625/ 1,3670/ 1,3720/ 1,3760-70/ 1,3810 Support : 1,3500-10/ 1,3440/ 1,3400/ 1,3370/ 1,3340/ 1,3300 Comment : 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. The reaction and the candle formation in the daily chart cause

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Eurodollar Future – Dec 2008
Comment: How long will it take for everyone to realise that central banks have lost the ability to control interest rates, both at the long end and now also at the short end (except overnight)? Now even the Treasury Bond markets are in disarray, with yields on Index-linked and BRICs soaring, two-year ones collapsing, and even ten-year JGB’s showing very large intra-day swings. Front month Eurodollar futures are the most inverted ever against all contract months and despite G7 and IMF this

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
The GBP dropped to the lowest level against the USD in almost 5 years
Good morning from wonderful Hamburg. There are a lot of hopes for more help of the governments on the G7 meeting later on the day. In spite of more rate cuts of central banks the markets did not rebound and the most of stocks and indices from all over the world closed the day with losses after an extreme sell off in US equities. Market review 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

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Forex Technical Analysis on Majors
EUR/USD Current level-1.3583 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.      The pair broke through the 1.3882 weekly low, thus signalizing, that the overall downtrend has been renewed. Monday's slide has reached 1.3443 and we believe, that the current rebound is corrective in nature, preceeding

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Market melts down into another weekend
Gory equity unwind continues to boost CHF, JPY and USD. US hinting that it may insure all deposits and follow UK bank rescue model. LATEST HEADLINES New Zealand Sep. REINZ House Sales fall -23.7% YoY vs. 034.0% in Aug. Switzerland Sep. Unemployment Rate steady at 2.4%. THEMES TO WATCH – UPCOMING SESSION Key Risk Events (All times in GMT) Norway Sep. Producer Prices (0800) Norway Sep. CPI (0800) Canada Unemployment Rate and Net Change in Employment (1100) Canada Aug. International Merchandise

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Daily Forex Technical Report - GBP, CAD, AUD Hit Hard as Financial Crisis Deepens
Action Insight Daily Report GBP, CAD, AUD Hit Hard as Financial Crisis Deepens Dollar and yen are generally higher today as global stock markets tumble following DOW's 678pts fall to 8579. Niikkei dropped nearly another 10% to 8276, having the worse weekly drop in history after a 98 year old Japanese insure Yamato Life files for bankruptcy. European stock markets also open sharply lower with FTSE 100, DAX and CAC 40 dropping nearly 10%. Dollar index resumes recent rally and climbs to as high

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Basic Japanese Market Index Nikkei 225 Has Lost 24% within the Current Week
EUR   The presumed test of key support range was confirmed with conditions for the realization of the pre-planned buying positions. OsMA trend indicator, having marked the sign of pair oversold supports the preservation of buying positions but also considering the general minimal bearish advantage we assume the possibility of another test 1.3480/1.3500 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Recent Recommended Trades
*************************************************** Update Time:     10 Oct 2008 06:52GMT INTRA-DAY GBP/USD OUTLOOK - 1.6895 Although cable has retreated after intra-day rebound to 1.6958 n consolidation with mild down- side bias wud be seen, break of 1.6880/90 is needed to signal recovery fm 1.6781 has ended there, bring further fall twds 1.6820/30. Exit short n stand aside for now. Only abv said res wud risk stronger correction to 1.7000...    Rate:   

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
EUR: Possibly attempt tiny longs at 1.3525; stop below 1.3400
EUR 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, and Eastern European currencies are hard-hit this week. Strategy: Possibly attempt tiny longs at 1.3525; stop below 1.3400. First target 1.3700, maybe 1.3900. EUR/JPY Comment: Dropping to a new recent low at 132.80, a third downside

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Dow Breaks 9k, More Losses in FX, Waiting for the Fix that Finally Works
Another day, another plan from the US government that has failed to impress the markets. This morning, the Treasury said that they will be injecting capital directly into banks by taking an equity stake. In theory this announcement should give banks the peace of mind to start lending as a direct capital injection from the US government should reduce the risk of counterparty failure. More specifically, Bank A would be less worried about Bank B running out of money to meet their daily

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
General Motors share price drops to $5.42, lowest since 1950
Quote: ‘The burgeoning Federal deficit marks the end of the dollar as a reserve currency. And good riddance to it. Its exalted status only served to shore up America’s prestige and allow the US to borrow to support unwise adventures.’ Irwin Stelzer (1932-) The News: General Motors share price drops to $5.42, lowest since 1950. The Numbers: British Summer Time, with expectations and previous figures in brackets. 00:50 JP September Bank of Japan Minutes of 16th/17th rate-setting meeting. 00:50

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
EUR/USD: (1.3523) Back in channel off 1.4867
Drop from 1.4867 sent the pair back below daily Uptrendline off 2002 (1.3996 today) , with new reaction low scored: Support area at 1.3481 (reaction low hourly + daily envelope bottom), with next levels at 1.3465/ .3444 (weekly envelope bottom/ current new reaction low), where pause favored. If wrong on that call, risk towards 1.3358/ .3320(weekly Starc bottom + Aug 2007 low/ 61.8% 2005 low to 1.6040): tough on 1st attempts, amid oversold readings and bullish divergences in the making.

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Daily FX Forecast

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Daily Technical Outlook - Friday 10.10.2008
EURUSD The 1.34 zone is under renewed pressure as the Euro failed once again to break the resistance at 1.3750 on yesterday. Intraday studies are bearish and the Euro aims towards support at 1.3440/50. Daily resistance is formed at 1.3630/50 and the stronger barrier at 1.3750/60. If the decline resumes, a break below 1.3440 can open a deeper move to 1.3360 and 1.3260. Current quote is 1.3572 @06:45 GMT Support levels: 1.3500/10, 1.3440/50 and 1.3360. Resistance levels: 1.3550, 1.3630, 1.3700

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Today's Technical Trading Points

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/10/2008
Forex Market Outlook on Minors/Crosses
--------------------------------------------------------- INTRA-DAY AUD/USD OUTLOOK :               0.6586 Updating time : 10 Oct 2008 04:37 GMT Aussie has remained under pressure on active cross selling n marginal weakness below 0.6551 is likely, however, nr term o/sold condition shud keep price well abv 0.6488 n bring a much-needed bounce but 0.6729 shud cap upside. Wud not chase current fall here n look to sell on subsequent

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Currency Majors Technical Analysis
European Session EUR/USD - Euro Dollar 1,3521. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Daily Market Outlook
********************************************************** Market Review -       09/10/2008 22:02 GMT U.S. dollar up as cash is hoarded, market looks to G7 Despite coordinated efforts by many central banks this week to ease the credit crisis, the U.S. dollar edged higher again on Thursday as short term interest rates for dollars continued to rise on global money markets and fears of further bank failures continued to deter inter-bank lending and led corporations, funds, and

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Fxtechtrade
Several words about the EUR/USD future. Resistance (daily close) :   1.4692 and 1.4884. Then 1.5117, 1.5386, 1.5592 and 1.5660. Break of the letter will lead to 1.5865, 1.7280 and 1.9430. Support (daily close) : : 1.4366, 1.3972, 1.3770 and 1.3567. Then 1.3411 , 1.3263, 1.3106 and  1.2964 (published on 07.11.2007) . Dow Jones : Resistance(daily close) : 10 091.30 , 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Index Recommended Levels
Dow Jones : Resistance(daily close) : 10 091.30 , 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00.   Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 10 , 2008). Support (daily close): 8403.77 , 8257.46, 8100.00 and 7920.08. Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34, 6817.50, 6783.72, 6660.11 and 6484.2220 ( published on

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
USD/JPY Daily Outlook
------------------------------------------------------------ INTRA-DAY USD/JPY OUTLOOK :                  99.18 Updating time :10 Oct 2008 02:51 GMT Although dlr has rebounded after finding brief buying at around 98.79 n further choppy trading is seen, as long as 99.67 holds, another fall is still likely, however, breach of said sup lvl is needed to extend weakness to 98.20/30 later. Stand aside n look to sell on

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
The Daily Forecaster
. Bias:          While 100.25-35 caps I look for losses to 96.80 at least else we could revisit the 101.46 peak

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Daily Market Outlook
********************************************************** Market Review -       09/10/2008 22:02 GMT U.S. dollar up as cash is hoarded, market looks to G7 Despite coordinated efforts by many central banks this week to ease the credit crisis, the U.S. dollar edged higher again on Thursday as short term interest rates for dollars continued to rise on global money markets and fears of further bank failures continued to deter inter-bank lending and led corporations, funds, and

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
US Session Performance

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Daily Scalping Tip
BUY EURUSD @1. 3660 , SL @1.3645, TP @1.3670 Signal Time: October 9, 2008  16:28 GMT STATUS: ON

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
USDCAD loss of 367pips turned onto profit of 843pips
1 minute with ForexSurvivor     USDCAD loss of 367pips turned onto profit of 843pips   A.        (09 October US) Latest Impact: UDCAD Target 11500 locked   The position of usdcad has been locked. For aggressive buyers, you may keep the position open till 11670 with tightened stops. From my side, no further upside on usdcad is required after establishing 843pips     B.        Signal GBPUSD: Sell

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Chart of the Day - EUR/USD
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart patterns in yellow; horizontal support/resistance levels in yellow; 50-period simple moving average in light blue.) 10/09/2008 – EUR/USD – Within the past few days, a tight consolidation on the EUR/USD (a daily chart of which is shown) has formed a rough inverted flag pattern. The flagpole represents the massive drop that has occurred in the pair within the last two

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
Spot GOLD
Comment: In times of financial crisis it is normal for investors to seek out the safety of gold. It certainly has done a lot better than silver or Crude Oil this year, and better than the Euro over the last month. Having completed a corrective move lower and bounced from retracement support mid-September, it is now struggling badly with resistance at the top of the Ichimoku ‘cloud’. With a little luck the bottom of this formation will continue to provide support, and later this year we feel

FXstreet.com: Technical
FXstreet.com: Technical. All about technical information regarding market activity and price changes.

10/09/2008
USDCAD update with lock 163pips
1 minute with ForexSurvivor     163pips USDCAD locked, with the other ½ positions underway.     A.        (09 October US) Latest Impact: USDCAD update with lock 163pips   The reversal point of USDCAD @ 10820 allows us to book ½ positions @ 11350, and keep the other half for 11500 target – set stop @ 11000   Reminder of the trade: Short 10550+10714 è closed and reversed @ 10820 (loss 367) Longs reversed positions @ 10820; closing