Messages

151

Forex Market: News/ Trend/ Technical Analysis / Daily FX Report

« on: April 21, 2010, 05:04:21 am »

Daily FX Report
         

The strong CAD gained versus a basket of major currencies such as the USD and the JPY after Bank of Canada policy makers said that better-than-expected economic growth and inflation will spur interest-rate increases. The central bank held the benchmark interest rate unchanged since April 2009. 'With recent improvements in...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/daily-fx-report-20100421111425/
         

152

Forex Market: News/ Trend/ Technical Analysis / Technical Analysis for Crosses

« on: April 20, 2010, 11:10:56 pm »

Technical Analysis for Crosses
         

The pair is moving below the pivotal resistance levels of 143.60- 76.4 5 Fibonacci level of the last declines from 145.00 to 139.30. The secondary image of the four-hour interval shows that, it succeeded in forming bearish candlesticks formation alongside negative overlapping appearing on Stochastic. Despite these negative sign but...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-for-crosses-20100421111385/
         

153

Forex Market: News/ Trend/ Technical Analysis / $/Cad, Another Quick Update

« on: April 20, 2010, 11:04:27 am »

$/Cad, Another Quick Update
         

Quick update on $/cad as the market has again reversed sharply, this time down from yesterday's high at 1.0210. As said on Friday after finally surging above the ceiling of the multi-month falling wedge (took profits on short), that the market was likely within a broader period of wide ranging,...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/%24%10cad,-another-quick-update-20100420111362/
         

154

Forex Market: News/ Trend/ Technical Analysis / AUDUSD: Halts Weakness, Targets The 0.8387/0.9404 Level

« on: April 20, 2010, 05:01:31 am »

AUDUSD: Halts Weakness, Targets The 0.8387/0.9404 Level
         

The pair is on its second day of upside offensive following a recovery off the 0.9155 level on Monday. With that said, further strength is likely towards the 0.9387 level, its Jan 14'10 high with a cut through there allowing further upmove towards its 2009 high at 0.9404. A convincing...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/audusd%3a-halts-weakness,-targets-the-0.8387%100.9404-level-20100420111334/
         

155

Forex Market: News/ Trend/ Technical Analysis / Technical Analysis for Major Currencies

« on: April 19, 2010, 11:09:27 pm »

Technical Analysis for Major Currencies
         

The pair inched closer to the awaited retesting resistance for the previously breached channel and is rebounding to the upside due to effects from the completion of the bullish technical pattern shown above. This makes us hold onto yesterday's expectations of a continuous bullish intraday direction for today; requiring the...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-for-major-currencies-20100420111285/
         

156

Forex Market: News/ Trend/ Technical Analysis / Chart of The Day: USD/CAD

« on: April 19, 2010, 11:02:17 am »

Chart of The Day: USD/CAD
         

Price action on USD/CAD, a daily chart of which is shown, has made a bullish correction up to the 1.0200 resistance price region before retreating as of Monday (4/19/2010). This correction occurs within the context of a strong downtrend and after a 22-month low below parity was hit mid-week last...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-usd%10cad-20100419111261/
         

157

Forex Market: News/ Trend/ Technical Analysis / USDCAD: Recovery To Aim At The 1.0301 Level

« on: April 19, 2010, 05:09:56 am »

USDCAD: Recovery To Aim At The 1.0301 Level
         

The pair is on the offensive following its two-day of recovery started at the 0.9961 level, its April 15Â’10 low. With USDCAD failing to hold below its parity level leading to the present recovery, we are likely to see further strength towards the 1.0301 level, its Mar 26Â’10 high. A...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/usdcad%3a-recovery-to-aim-at-the-1.0301-level-20100419111235/
         

158

Forex Market: News/ Trend/ Technical Analysis / Daily Technical Outlook

« on: April 18, 2010, 11:11:00 pm »

Daily Technical Outlook
         

The euro lost ground against the dollar and opened lower today, following the extended weakness in EURJPY as the Yen is strengthening across the board - investors buying the Yen as a result of Goldman Sachs investigation over fraud claims. Support into the 1.3440/50 region formed by the 61.8% of...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/daily-technical-outlook-20100419111189/
         

159

Forex Market: News/ Trend/ Technical Analysis / EURJPY: Poised To Retarget The 123.41 Level

« on: April 16, 2010, 11:14:47 pm »

EURJPY: Poised To Retarget The 123.41 Level
         

The challenge on the 125.19/22 levels, its Mar 12'10/ Feb 22'10 highs highlighted in our earlier analysis in the morning has yielded to bear pressure as the cross followed through lower on its Thursday gains today. With that said, our focus has now shifted to the next key support located...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eurjpy%3a-poised-to-retarget-the-123.41-level-20100417111162/
         

160

Forex Market: News/ Trend/ Technical Analysis / $/Cad, Quick Update (it did surge higher).......

« on: April 16, 2010, 11:05:47 am »

$/Cad, Quick Update (it did surge higher).......
         

As suggested, took profits on the March 31st reshort at 1.0155, on the intraday break above at 1.0040 (versus waiting for the close due to the potential for such a surge). Currently, there is scope for further gains toward 1.0220/30 (Jan low) and even 1.0265/75 (38% retracement from the Feb...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/%24%10cad,-quick-update-%28it-did-surge-higher%29.......-20100416111146/
         

161

Forex Market: News/ Trend/ Technical Analysis / EURUSD: Struggles Ahead Of The 1.3537/1.3498 Levels

« on: April 16, 2010, 05:02:30 am »

EURUSD: Struggles Ahead Of The 1.3537/1.3498 Levels
         

We are still watching the pair's April 05'10 high at 1.3537 and the 1.3498 level, its April 09'10 high to see how it fares at that zone. While that holds as support, we look for EUR to head back up towards its April 12'10 high at 1.3691 with a breakthrough...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eurusd%3a-struggles-ahead-of-the-1.3537%101.3498-levels-20100416111121/
         

162

Forex Market: News/ Trend/ Technical Analysis / FX Technical Commentary

« on: April 15, 2010, 11:12:00 pm »

FX Technical Commentary
         

Euro 1.3555 Initial support at 1.3500 (Apr 9 high) followed by 1.3341 (Apr 9 low). Initial resistance is now located at 1.3741 (Mar 18 high) followed by 1.3819 (Mar 17 high)
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/fx-technical-commentary-20100416111076/
         

163

Forex Market: News/ Trend/ Technical Analysis / Chart of The Day: GBP/USD

« on: April 15, 2010, 11:07:16 am »

Chart of The Day: GBP/USD
         

Price action on GBP/USD, a daily chart of which is shown, has stagnated in somewhat of a bullish consolidation since breaking out above the peak of a double-bottom formation early in the week. Although the double-bottom pattern was confirmed by the breakout above the peak, price has not yet followed-through...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-gbp%10usd-20100415111057/
         

164

Forex Market: News/ Trend/ Technical Analysis / EURUSD: Bear Pressure Set For The 1.3537/1.3498 Levels

« on: April 15, 2010, 05:02:50 am »

EURUSD: Bear Pressure Set For The 1.3537/1.3498 Levels
         

Having failed to build on its Wednesday gains in early trading today, EUR is now seen wiping out most of Tuesday and Wednesday gains. The bears are set to push the pair further lower towards its April 05Â’10 high at 1.3537 and the 1.3498 level, its April 09Â’10 high. We...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eurusd%3a-bear-pressure-set-for-the-1.3537%101.3498-levels-20100415111029/
         

165

Forex Market: News/ Trend/ Technical Analysis / Technical Analysis for Crosses

« on: April 14, 2010, 11:18:17 pm »

Technical Analysis for Crosses
         

The pair moved alongside yesterday's expectations, where we see that the price is currently trading positively upwards due to effects from the harmonic pattern shown above. This formation is targeting levels between 146.65 and 147.10 and is the %127 XA leg and 261.8% correction for the BC leg in a...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-for-crosses-20100415110984/
         

166

Forex Market: News/ Trend/ Technical Analysis / Chart of The Day: USD/CAD

« on: April 14, 2010, 11:08:30 am »

Chart of The Day: USD/CAD
         

Price action on USD/CAD, a daily chart of which is shown, has finally made a significant tentative breakdown below parity (1.0000), establishing a new 22-month low in the process. This occurs after a prolonged consolidation around parity. The directional bias on USD/CAD continues to be bearish in line with the...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-usd%10cad-20100414110961/
         

167

Forex Market: News/ Trend/ Technical Analysis / AUDUSD: Set To Return Above The 0.9387/0.9404 Levels

« on: April 14, 2010, 05:11:00 am »

AUDUSD: Set To Return Above The 0.9387/0.9404 Levels
         

In spite of the AUDUSD's one-day decline, we continue to maintain our bullish outlook on it with the major barriers being its 2010/2009 high at 0.9387/0.9404. A convincing invalidation of there is required to trigger the resumption of its medium term uptrend towards its July 27'08 high at 0.9592 and...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/audusd%3a-set-to-return-above-the-0.9387%100.9404-levels-20100414110933/
         

168

Forex Market: News/ Trend/ Technical Analysis / Daily Technical Outlook

« on: April 13, 2010, 11:12:16 pm »

Daily Technical Outlook
         

The euro pulled back yesterday but not enough to fill Monday's gap as it found support into the mid 1.35 region, recovering to 1.3650 where it trades at the time of writing. Short-term sentiment remains bullish as long as pullbacks are finding bids above the 1.3500 mark and key resistance...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/daily-technical-outlook-20100414110882/
         

169

Forex Market: News/ Trend/ Technical Analysis / EUR/GBP: Stuck Between Two Gaps

« on: April 13, 2010, 11:03:30 am »

EUR/GBP: Stuck Between Two Gaps
         

Greece's risk of default has been pressuring the Euro, and the most recent developments have created some volatility for the EUR/GBP. Last week the pair started with a gap that broke below an important powerline at 0.8850. The market attempted to fill the gap but the 0.8850 level became resistance...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eur%10gbp%3a-stuck-between-two-gaps-20100413110860/
         

170

Forex Market: News/ Trend/ Technical Analysis / Technical Analysis Daily: USD/JPY

« on: April 13, 2010, 05:01:13 am »

Technical Analysis Daily: USD/JPY
         

The Dollar traded quietly against the Yen on Monday, in converse with the very negative bank sentiment at around -23%. Yesterday the currency couple traded within the 92.68 - 93.60 range, closing the day at 93.23. Break above the nearest 93.60 resistance level would support further bullish perspective. The medium...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100413110830/
         

171

Forex Market: News/ Trend/ Technical Analysis / Market Expectations: USD/JPY

« on: April 13, 2010, 04:43:25 am »

We expect a bullish intraday direction; first of its targets are around 93.35. Momentum indicators are approaching oversold areas and thus; supporting this expected bullish rebound.

http://www.fxcbs.com/newsletter/images/USDJPY.gif

172

Forex Market: News/ Trend/ Technical Analysis / Market Expectations: GBP/USD

« on: April 13, 2010, 04:42:46 am »

Determined indicators push the pair sterling against the U.S. dollar to rise, for that we expect a bullish intraday direction to the target of 1.54450 then to the level 1.55000, these expectations require stability of trading above the level of 1.53000.

http://www.fxcbs.com/newsletter/images/GBPUSD.gif

173

Forex Market: News/ Trend/ Technical Analysis / Market Expectations: EUR/USD

« on: April 13, 2010, 04:41:50 am »

Today, we expect continued volatility for the EUR against the U.S. dollar around the level of 1.36000 before declining to close the price gap at the level of 1.34980, stability of trading below the level of 1.36590 is necessary to achieve that.

http://www.fxcbs.com/newsletter/images/EURUSD.gif

174

Forex Market: News/ Trend/ Technical Analysis / The Daily Forecaster: EURUSD

« on: April 12, 2010, 11:08:04 pm »

The Daily Forecaster: EURUSD
         

The underlying MT direction is neutral while the daily bias is neutral. Therefore it may be better to sit out of the market or trade breaks when supported by bullish or bearish set up patterns. It is advisable to study both lower and higher time frame charts for evidence to...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/the-daily-forecaster%3a-eurusd-20100412110781/
         

175

Forex Market: News/ Trend/ Technical Analysis / AUD/USD 94.0 Resistance Holds but No Bearish Signal

« on: April 12, 2010, 11:02:31 am »

AUD/USD 94.0 Resistance Holds but No Bearish Signal
         

The 1H chart shows a strong rejection at 0.9250. This suggests that although bulls were not strong enough to break through 0.94, they are strong enough to support the pair at 0.9250. At the moment, we can anticipate ranging action between 0.9250 and 0.94, until market tells us otherwise.
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-94.0-resistance-holds-but-no-bearish-signal-20100412110765/