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EUR/USD - Euro / US Dollar Entry : 1.3735 Stop : 1.379 Resistances : 1.3795 - 1.378 - 1.375 Supports : 1.3625 - 1.369 - 1.3725 GBP/USD - British Pound / US Dollar Entry : 1.516 Stop : 1.525 Resistances : 1.5385 - 1.532 - 1.5205 Supports : 1.4995 - 1.5095 - 1.5125 USD/CAD - US Dollar / Canadian Dollar Entry : 1.019 Stop : 1.021 Resistances : 1.0325 - 1.0215 - 1.0195 Supports : 1.005 - 1.01 - 1.0155 USD/CHF - US Dollar / Swiss Franc Entry : 1.0605 Stop : 1.065 Resistances : 1.0735 - 1.068 -

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Rebound from minor new year low puts the pair currently above 1.3693 (see graph) and 1.3668 (daily channel top off Dec high): Support area at 1.3726/ .3721 (daily envelope bottom/ break-up hourly), with next levels at 1.3689 (daily Short Term Moving Average↑), ahead of 1.3668 (see above) and 1.3640/ .3626 (daily Medium Term Moving Average↑/ weekly envelope bottom + reaction low hourly), where pause favored. If wrong, next levels at 1.3537/ .3630 (last week low/ March 05 low): tough on 1st

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Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants

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Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386 , 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430 (published on 23.10.2008) . Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181 (published о n

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As we have done the past 2 weeks, this Friday’s video update will focus on Japanese Yen crosses.  The EUR/JPY, GBP/JPY, and USD/JPY are testing or nearning resistance after a couple week’s of correction rally or consolidation. The AUD/JPY and CAD/JPY pairs continue to be strong.

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Forex Market in Broad Test of Consolidation This was basically a week of continuing consolidation, except for the USD/CAD which is looking seriously at the parity scenario. The coming weeks may be crucial as the markets test important powerlines. We have short-term consolidations/corrections in pairs such as EUR/USD, GBP/USD, EUR/GBP, and GBP/JPY. But we are also testing long-intermediate-term consolidation in USD/JPY, EUR/GBP, and AUD/USD as well. GBP/USD: Still at the Station Daily and 4H :

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USDJPY’s bounce from 88.14 extended to as high as 91.08 last week. Further rally to test the resistance of the falling trend line from 93.75 (Jan 7 high) to 92.14 is expected later today, a clear break above the trend line resistance will target 92.00 area. Key support is located at 89.63, only fall below this level will indicate that the bounce from 88.14 has completed, then another fall towards 87.00 could be seen. Daily Forex Reports

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EUR/USD Current price: 1.3765 Dollar remains close to one month low against euro reached past Friday, on concerns US monetary policy will remain unchanged in this first half of the year. Local stocks lad little cues from past week Wall Street close, and seems market is facing another quiet Monday. Technically, pair shows hourly indicators slightly bearish, mostly exhausted after reaching 1.3800 zone, as well as 4 hours ones. However, price remains strong above 20 SMA, and 1.3730  is key

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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

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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

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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

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(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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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.

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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

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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

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EUR The estimated test of key supports has not accurately been confirmed, the estimated rate rise revealed signs of rate overbought not favoring prospects of further rate rise with new tops for this month. Therefore, at this point, considering the chosen strategy, we can assume probability of rate return to Senkou Span B line of Ichimoku indicator at 1,3640/60, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time

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EUR Comment: Riots and tear gas in Athens and still the Euro holds at levels of the last four weeks. The 9-day moving average has levelled off while the 26-day one dropped again so the Euro is trading above both of these. A weekly close above 1.3640 would form another weekly ‘hammer’, a fourth consecutive ‘spike low’ type formation, adding weight to our view that an important long term interim low is forming. Strategy: Attempt small longs at 1.3700, adding to 1.3600; stop below 1.3500. Add to

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Bulls once again are heading towards resistance level at 1.3701, price still remains within formed positive channel. While candles stay in a channel, further climbing and a breakout of resistance barrier is expected. Waiting for a possible breakout at 1.3701 significant barrier. Otherwise, a potential breach to the bottom from a channel can initiate a rebound back to support barrier. Waiting action still remains.

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EURUSD Current price: 1.3698

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USD/CAD - US Dollar / Canadian Dollar Entry : 1.0235 Stop : 1.0255 Resistances : 1.037 - 1.0325 - 1.025 Supports : 1.017 - 1.02 - 1.023 USD/CHF - US Dollar / Swiss Franc Entry : 1.067 Stop : 1.069 Resistances : 1.0805 - 1.07 - 1.068 Supports : 1.061 - 1.0645 - 1.0665 EUR/JPY - Euro / Yen Entry : 124.15 Stop : 123.85 Resistances : 127 - 125.3 - 124.3 Supports : 121.45 - 123 - 123.7 EUR/CHF - Euro / Swiss Franc Entry : 1.462 Stop : 1.464 Resistances : 1.4655 - 1.464 - 1.4625 Supports : 1.456 -

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Rebound from minor new year low now retesting 1.3689 / .3693 area ( daily channel top off Dec high / see graph): Support area at 1.3653 (daily Short Term Moving Average↑), with next levels at 1.3627/ .3619 (daily envelope bottom/ daily Medium Term Moving Average↑), where pause favored. If wrong, next levels at 1.3537/ .3630 (current week low/ March 05 low), ahead of 1.3510 (break-up hourly) and 1.3489 (daily Bollinger bottom): tough on 1st attempts. Resistance at 1.3705 (current week high +

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Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants

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HIGHLIGHTS: GBPUSD:  GBP closed higher on Thursday on the back of its hammer formation and now looks to build on that strength with eyes on its Mar 08’10 high at 1.5195. GBPUSD GBPUSD: Bull Pressure Targets The 1.5195 Level. GBPUSD - GBP closed higher on Thursday on the back of its hammer formation and now looks to build on that strength with eyes on its Mar 08’10 high at 1.5195. A decisive close above there will resume its corrective recovery initiated from its 2010 low at 1.4782 towards

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Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386 , 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430 (published on 23.10.2008) . Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181 (published о n

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USDJPY’s bounce from 88.14 extended further to as high as 90.82. However, another fall towards 89.63 key support is still possible later today, a breakdown below this level will indicate that the downtrend from 93.75 (Jan 7 high) has resumed, then deeper decline could be seen to 87.00-87.50 area. Resistance is now at the falling trend line from 93.75 to 92.14, only a clear break above the trend line resistance could indicate that the fall from 93.75 has completed at 88.14 already.

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   Let’s follow up on the GBP/USD, which was still in correction mode since yesterday’s session and may soon form a double bottom. The USD/CHF looks to be forming a rounded top, but has yet to break an important support. The Aussie has been stronger than its counterpart the Kiwi, and the AUD/NZD market is nearing an upswing projection.

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U.S. equity markets finished higher after treading water most of the day in sideways-to-lower trading action. Traders seemed to be waiting for a catalyst all day. Near the close equity markets mounted a strong surge to finish on their highs.   Thursday night, news that China’s inflation rate was higher than expected, fueled speculation of a rate hike which helped drive down demand for higher yielding assets. The lack of follow-though to the downside, however triggered a short-covering

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The U.S. Dollar declined into the close after trading in a tight range most of the day. A strong surge in the equity markets late in the session confirmed investor demand for risky assets, thereby pressuring the lower yielding Dollar.   At times on Thursday, traders were demanding lower yielding currencies in response to an overnight report that showed China’s consumer-price index spiked higher in February.  Investors speculated that its central bank would have to raise interest

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EUR/USD Current price: 1.3681 Testing past Thursdays highs, pair has been favored by a general optimism around the world that lead to Wall Street gains, and lack of fundamental data in the US this week. For current Asian session, stocks had a positive cue from its American pairs, thus investors likely to remain cautious ahead of US Retail Sales early Friday. Technically, pair remains slightly bullish in the hourly chart still trapped in range; pair needs to overcome the 1.3690/1.3700 area, to

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Daily Market Commentary EUR/USD Stays Range Bound Amid Protests in Greece Greece experienced another wave of protests today as the government looks to implement its aggressive austerity package. However, the Euro has shown little reaction to the protests since Greece is still expected to go ahead with the austerity measures despite public disapproval. Meanwhile, the EUR/USD is hold strong within its tight trading range as it stands strong above 1.35 and previous March lows. The EUR/USD has

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U.S. equity markets are expected to open weaker this morning but off their lows. Last night’s news that China’s inflation was higher than expected, fueled speculation of a rate hike which helped drive down demand for higher yielding assets. The lack of follow-though to the downside has triggered a short-covering rally which is helping to boost equity prices from their overnight lows. Yesterday the March E-mini S&P 500 stopped at its January high of 1148.00, triggering a profit-taking