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

03/13/2010
Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil edged higher to 83.16 last week but upside was again limited by loss of momentum. Nevertheless, there is no confirmation of topping yet with 80.16 minor support intact and current rally from 69.50 could still continue to retest 83.95 high. On the downside, however, note that break of 80.16 will indicate that a short term top is already in place and deeper fall should then be seen to 38.2% retracement of 69.50 to 83.16 at 77.94 next. In the bigger picture, crude

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

03/13/2010
Weekly Indicator Review and Outlook
SUMMARY The week provided a long period of consolidation that finally saw the Dollar break supports on Friday to extend losses. The outlook remains bearish in the short term and probably for a week or two at least. However, this is viewed more as a correction within the underlying uptrend and therefore the decline is expected to remain quite erratic and choppy. Care is therefore advised over this duration. Please see the attached PDF file for details of the entire 9 currency pairs. Good

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

03/12/2010
Today U.S. Equity Markets weakened after Early Surge
U.S. equity markets finished down on Friday and barely avoided a closing price reversal top which would have signaled the start of a possible retracement to the downside. The March E-mini S&P 500 and NASDAQ made new highs for the year while all three indices closed higher for the week. Friday saw the indices spike higher then break lower following a better than expected U.S. Retail Sales Report. As long as interest rates remain low, there is no other game in down. If the Dollar weakens

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

03/12/2010
Euro Closes Higher; Poised to Continue Up Move
The Euro closed the week higher and in a position to continue the rally as financial tensions have eased enough in Greece to warrant the beginning of a short-covering rally.  Technically, the main trend is up on the daily chart with 1.4009 a possible near-term target. Although most of the strength in the Euro this week was attributed to the easing of the financial crisis in Greece, there are rumors out there of a possible $50 billion bailout by France and Germany. If this bodes to be

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

03/12/2010
Aussie's wedgie
The Australian Dollar is trading within a wedge formation vs the US Dollar, British Pound, Japanese Yen and the euro. Price-action is also diverging against 4-hourly MACD, which hints of a possible reversal. Below .9140 (AUD/USD) will confirm that a larger correction is in store. Meanwhile, a daily close above .9170 (AUD/USD) suggests further strength and could trigger a possible retest of .9334 (January highs).

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

03/12/2010
USD off lows, retail sales beat expectations
USD : Lower, Yellen appointed to the Fed, retail sales post unexpected rise, consumer sentiment dips JPY : Lower, BOJ may double QE, threat of intervention EUR : Higher, Greek debt fears fade, talk of German/French Greek rescue package, industrial output surged GBP : Higher, house prices jump, Conservatives expand lead in the polls CAD and AUD : AUD mixed & CAD higher, Canada's employment growth beats expectations Overview The USD traded at a three week low Friday pressured by announcement

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

03/12/2010
Chart of the Day – USD/CAD
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 3/12/2010 – USD/CAD – Bearish price action on USD/CAD, a daily chart of which is shown, has finally made a tentative breakdown below the key 1.0200 support level after respecting this level several times this week. Friday’s

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

03/12/2010
GBP/USD: correction underway
Finally, risk appetite gave up earlier strength and majors and pair is correcting to the downside. Capped above 1.5120 support area, under that level a probable retest of 1.5080/90 seems likely as 4 hours charts show indicators also losing strength. Only above today’s high of 1.5176, pair could regain bullish momentum and approach to key 1.5230 resistance area.

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

03/12/2010
February US Non-Farm Payrolls shrank a less-than-feared 36K
Overview Improbably tiny ranges for many instruments this week, especially stock indices where for example the Dow Jones Industrial Average held within just 130 points. This effect was seen across the board and while there is nothing about this in textbooks candle theory hints that this is probably due to low volume and is symptomatic of a market that has lost its way and/or is gathering energy for the next move. Again a handful of indices posted new highs for this year, FTSE100, Helsinki,

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

03/12/2010
Technical Summary for Majors
EUR/USD Fresh strength has emerged from 1.3620 support, rallying sharply through 1.3735/87 resistance zone, to test 1.3798 range ceiling, ahead of corrective pullback. This now confirms near-term corrective base, for fresh push towards 1.3838, possibly 1.3886 on a break. Res: 1.3798, 1.3838, 1.3900, 1.3914 Sup: 1.3735, 1.3705, 1.3685, 1.3654 GBP/USD Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, reaching 1.5171, ahead of key 1.5194, 08 Mar

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

03/12/2010
Stocks Poised to Continue Rally; Demand for Risk Weakens Dollar
Retail Sales just came out bullish. Equity markets are soaring. Bonds are breaking. The Dollar is plunging. The market reads this report as good. The key will be to be able to separate the report from the trade. The question is will U.S. investors chase equity market higher or wait for a pullback? Overall, however, it looks like a strong report.   U.S. equity markets are trading better overnight ahead of this morning’s Retail Sales Report. Demand for higher risk assets, the weaker Dollar

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

03/12/2010
U.S. Dollar weakens after Euro Breaks Technical Level
The U.S. Dollar is trading lower overnight against all major currencies. Investor demand for higher risk assets has been the driving force along with short-covering. Economic releases have played a limited role in this week’s Dollar movement. However, this may change today following the release of the U.S. Retail Sales Report and Consumer Sentiment.   The EUR USD is trading sharply higher after piercing the recent swing top at 1.3735. This reaffirmed the main trend which turned up last

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

03/12/2010
Mexico Flows- Modest gains to 12.54 on '+' global markets, weak USD; local resistance
Published at 13:20 (GMT) 12 Mar MXN posts gains of 0.18% to 12.5425 amidst positive Latam FX and global markets. Despite the support from a dropping USD and higher oil prices, MXN is not finding traction as resistance increases as it gradually nears 12.50, especially as this is deemed an attractive buy USD signal for locals. Nevertheless, with local data due later this morning along with US market open and other US data, MXN will likely only gain more traction once a more firm outlook is set

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

03/12/2010
Technical Major Currencies Midday Report
EUR/USD The pair pushed upwards without the need base on the support mentioned this morning, nearing primary targets between 1.3800 – 1.3835. Momentum indicators are showing clear negative signs that could pressure the pair to attempt a bearish correction to retest the breached resistance at 1.3700 before continuing the expected bullish direction over intraday basis; four-hour closings should remain above 1.3700 for the expectations to prevail. The trading range for today is among the key

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

03/12/2010
FX Thoughts for the Day
FX Thoughts for the day : 12-Mar-2010 - 1237 GMT 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 @ 1.0601/04...Rounding Top R: 1.0641 / 1.0671 / 1.0717 S: 1.0593 / 1.0560-47

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

03/12/2010
Currency Majors Technical Perspective
EUR/USD Current price: 1.3767 Pair reached an intraday high at 1.3796, sending hourly indicators to extreme overbought conditions. Correcting slightly to the downside yet holing above 1.3750 support area, downside should remain limited ahead of US Retail Sales data. Under mentioned support, downside corrective movement could extend to the 1.3710 area, where 20 SMA holds a bullish slope. 4 Hours charts also look slightly overbought suggesting pair needs some downside corrective movement before

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

03/12/2010
US FX Futures Report
The foreign currencies futures rallied overnight, with the euro and pound in the lead. The euro was boosted by a very strong industrial output for January and the upward revision for December, while the pound was vaulted by a much delayed corrective rebound. The Canadian unemployment rate edged lower. In the US, all eyes will be on the retail sales report (blizzard issues) and the University of Michigan confidence survey.  The European bourses, oil and gold are up. The US stock indexes

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

03/12/2010
EURUSD: Recaptures The 1.3735 Level, Target The 1.3787 Level
HIGHLIGHTS: EURUSD: A follow -through higher on its Thursday strength has seen EUR pushing through the 1.3735 level, its Mar 03’10 high and challenging the 1.3787 level, its Feb 17’10 high in today’s trading today. EURUSD EURUSD: Recaptures The 1.3735 Level, Target The 1.3787 Level EURUSD -  A follow -through higher on its Thursday strength has seen EUR pushing through the 1.3735 level, its Mar 03’10 high and challenging the 1.3787 level, its Feb 17’10 high in today’s trading today. A

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

03/12/2010
Sterling rises but sentiment remains downward below $1.50
The British pound rose on Thursday after a slight pickup in inflation expectations, though analysts expected economic and political concerns to keep the pound under pressure ahead of an upcoming general election. The pound fell against the greenback and euro on Wednesday after below forecast manufacturing output figures added to a string of disappointing data. But Britons' expectations for inflation over the next 12 months rose slightly, a survey from the Bank of England showed on Thursday,

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

03/12/2010
Overnight, the carry trade outperformed
Currencies: Overnight, the clear underperformer was the USD. Europe generally outperformed, with CHF leading the pack. GBP was boosted by a report showing house prices jumped at the fastest pace in seven years, while EUR was boosted by a strong industrial production print. EUR/USD. Huge break higher. EUR/USD (1.3780) is up strongly overnight, and the rally has brought it above the downtrend resistance from the Dec high, suggesting a trend move higher. Data release: Eurozone industrial

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

03/12/2010
USD/JPY: Above 100 SMA
Risk appetite spreads across the board, yet USD/JPY seems to be delayed compared to its pairs. Quoting around 90.35, the downside has been capped by the 90.15 level, where we have the 100 daily SMA. Further rises in stocks, futures and gold, seen due to  general market optimism, likely to send the pair higher, also supported by hourly charts  that reached oversold conditions at daily low, and point for an upside corrective movement. Back to test the 90.80 area will likely signal an

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

03/12/2010
Intraday Market Outlook for Day Traders
EUR / USD The pair's uptrend accelerated in the European morning, quickly breaking resistance points and is right now trading at 1.3765. We expect the up momentum to be more or less intact with a target of 1.3820 until the U.S. noon hours, from where we see a sizeable down correction. GBP / USD This European morning's dollar weakness gave even the pound a considerable lift to the current 1.5140 mark. We see the 1.5200 resistance zone holding today, and expect selling above that point. The

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

03/12/2010
Chart EUR/USD Update: 1.3789 is next resistance
Published at 10:24 (GMT) 12 Mar 12 Mar EUR/USD Daily 10:15- The strong run higher has reached 1.3777 so far which coincideswith trendline res. and is just ahead of the important res. at 1.3789. Latter should be a strong level and we do not see it cleared without a setback first. The higher res. is at 1.3815. Sup. is in the 1.3736/50 band.N.I. R5: 1.3885 intraday level R4: 1.3860 intraday level R3: 1.3839 * 9 Feb high R2: 1.3815 10 Feb high R1: 1.3789 * 17 Feb high S1: 1.3736/50 intraday level

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

03/12/2010
Forex - Government Increases Pressure on the BoJ to Ease
Forex News and Events: The lack of 1st tier economic data and stories that have failed to capture the market’s imagination have kept FX markets in check. However, in Japan the rhetoric is really heating up, with even stronger worded comments regarding the stronger JPY and their perpetual fight against inflation, being hurled in to the market. Japanese PM Hatoyama said that the current market pricing of the yen did not represent fundamentals and might be necessary to take aggressive action

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

03/12/2010
Forex Technical Analysis on Majors
EUR/USD  Current level-1.3724 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.    As expected, the pair broke through 1.3680 and is currently testing 1.3736 high. Further appreciation is to be expected, towards 1.3850 main target. Initial support comes at 1.3705, followed by the crucial 1.3624.

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

03/12/2010
Gold steady ahead of today's U.S. retail sales release
Headlines  Energy demand expectations keep crude price above 80 $/b  Gold steady ahead of today’s U.S. retail sales release  New earthquakes in Chile send copper price higher

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

03/12/2010
Forex Market Outlook on Minors/Crosses
I NTRADAY TRADING SIGNAL BY ACETRADER.COM : AUD/USD : 0.9165 Last Update At 12 Mar 2010 09:09 GMT As aussie has risen again after finding renewed buying around 0.9150/54, suggesting upside bias is still seen for re-test of Wednesday's high of 0.91 93 n abv wud extend recent erratic upmove fm 0.8578 to 0.9200 but reckon 0.9224 wud cap upside. Trade fm long side with now as indicated, break wud prolong choppy trading n risk 0.9111 again. Range Forecast 0.9155 / 0.9193 Resistance/Support R:

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

03/12/2010
The EUR/JPY climbed for a third day after touching a high at 124.17
Good morning from Germany. Welcome to our Daily FX Report. We have reached Friday while we had an unpredictable and difficult trading week. Nevertheless, we hope you had a successful one. Have a nice weekend. Market review The JPY fell to a two-week low versus the EUR after Japanese Finance Minister Naoto Kan said that foreign-exchange intervention is always an option for the government if the currency movements are abrupt. The JPY dipped versus all 16 major currencies after Prime Minister

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

03/12/2010
$ index, have to take what the market gives....
In view remains in place with further gains toward the targets over the last few months at 81.85/00 (50% retracement from the March 2009 high at 89.60), and potentially even an approach of that 89.60 high still favored. Note too that the weekly macd remains in buy mode (see bottom of weekly chart below), adding weight to this bigger picture bullish view. However, this longer term upside is likely to see some fairly significant pullbacks/consolidations along the way (few months or more), and

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

03/12/2010
Forex Daily Analysis - Dollar Lower on Mixed Data
The Dollar remained lower against higher yielding currencies today, after mixed economic data published yesterday. Crude Oil prices remained mainly unchanged on concerns of Chinese monetary policy tightening which might dampen the country's demand for commodities. Economic News USD - Dollar Down Slightly on Mixed U.S Data The Dollar weakened slightly against the EUR yesterday after the release of mixed U.S. data and better than expected Chinese data. First time unemployment claims fell to a

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

03/12/2010
Technical Summary for Majors
EUR/USD Fresh strength has emerged from 1.3620 support, clearing 1.3678/1.3703 resistance zone, en-route to 1.3787, possibly to test 1.3798, range upper limit. Break there is required to resume recovery and expose 1.3838, then 1.3886, 09 Feb high / 02 Feb low. Res: 1.3735, 1.3787, 1.3798, 1.3838 Sup: 1.3678, 1.3654, 1.3620, 1.3595   GBP/USD Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, now focusing 1.5194, 08 Mar high. Break there will

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

03/12/2010
USD/JPY Daily Outlook
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.50 Last Updat e At 12 Mar 2010 09:15 GMT Dlr's retreat after faltering below 90.75 (AUS) suggests further choppy consolidation below 90.83 high wud be seen n 90.33 (y'day's NY sup) needs to hold for prospect of another rebound but abv said res needed to confirm upmove has resumed, 91.10. Remain as cautious buyer with stop as indicated n only below 90.20 sup wud risk fall to 89.94... Range Forecast 90.48 / 90.75 Resistance/Support

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

03/12/2010
S&P 500 At The Breakout.....
They tried to sell this puppy but it just wouldn't sell. It would have been best to sell a few hundred points on the Dow, and we started in that direction today. but the force of this bull just wouldn't allow for it. The bears came out of the gate defending the close just under S&P 500 1151 with a nice little gap down. It started to run some after trying to claw back to flat and it seemed the selling was finally under way. Some bull markets get silly and just don't allow for too much

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

03/12/2010
EUR/GBP, USD/CAD, GBP/JPY Technicals
EUR/GBP March 12, 2010 Current level-0.9073 4 hour chart Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: rejected at 0,9130 yesterday and again this morning at 0,9110 the pair is starting to make lower highs on shorter time frames. Today expect the pair to move in a range between 0,9060 - 0,9110.

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

03/12/2010
Financial Trend Analysis Strategy: Long USDJPY
The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

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

03/12/2010
Forex Market Outlook on Majors
INTRA-DAY GBP/USD: 1.5093 Last Update At 12 Mar 2010 08:19 GMT Cable's strg rebound after finding renewed buying at 1.5027 suggests upmove fm 1.4873 may extend marginal gain to 1.5112, however, loss of nr term upward momentum shud cap price at 1.5135 n yield retreat later. Below 1.5050/55 wud bring weakness to 1.5027. Suggest to stand aside in the meantime... Range Forecast 1.5070 / 1.5112 Resistance/Support R: 1.5112/1.5169/1.5211 S: 1.5027/1.4993/1.4947

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

03/12/2010
Eurodollar Future – December 2010
Comment: In what has been and still is a slow process, Eurodollar futures will continue to inch up towards Libor as economic recovery hopes fade. A double dip recession is not needed to keep interest rates low for a very long time; sorting out the financial system will take time. Open interest continues to increase and is at its highest in over a year suggesting that while returns here are low, more feel it is worthwhile trading and are allocating it more funds. Cash is not changing hands

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

03/12/2010
EUR/USD Daily Outlook
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3708 Late Update At 12 Mar 2010 08:18 GMT Euro's intra-day rally suggests rise fm 1.3530 may extend gain twds 1.3736 res, however, loss of upward momentum shud prevent strg gain abv there n bring a much-needed minor correction later to 1.36 80/85 but 1.3650/58 wud contain downside. Buy at 1.3680 for gain to 1.3725 n if euro rises to 1.3725 1st, turn short for fall to 1.3685. Range Forecast 1.3685 / 1.3719 Resistance/Support R:

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

03/12/2010
USDCAD potential breach near support is expected
AUDUSD - Candles are trapped between support and resistance barriers, while these levels hold further bouncing is expected. According to the current positive trend, bulls have more potential to break resistance barrier. EURUSD - Even though bulls did breakout by resistance level, however bears declined the price and concentrated by resistance. Bulls still have more chances to recover. EURGBP - Sharp spike to the top side suggests a probable continuation of previous negative movement. NZDUSD -

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

03/12/2010
The yen has been under pressure in recent days
Today’s Comment Being an important indicator of personal spending, retail sales in the US will be the most important announcement this week. Retail sales (accounting for about 40% of consumer spending, which in turn accounts for about 70% of GDP) rose moderately in January, and generally retail sales are at a quite reasonable level. Adjusted for price increases, the improvement was less impressive. Primarily consumers have been better at buying non-durables, but the rising confidence is still