Messages

276

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

« on: March 09, 2010, 11:19:38 pm »

Technical Analysis Daily: EUR/USD
         

After rising on Monday to 1.3698, Euro/Dollar traded with a slight decrease on Tuesday down to 1.3541, closing the day at 1.3599. Our expectations for the currency couple are neutral in the short and medium term, till we see break out of the 1.3461 - 1.3779 range, as seen on...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-eur%10usd-20100310108453/
         

277

Forex Market: News/ Trend/ Technical Analysis / Gbp/Usd Overview and Outlook

« on: March 09, 2010, 05:17:27 pm »

Gbp/Usd Overview and Outlook
         

Daily price action is Oversold, into a Short trend (sell resistance set-up), and a very wide down-trend channel. The overall trend changes to Long if 1.5450 is taken out. Gbp Fundamentals are Poor. Previous 8 hour session range 130 pips. Weekly range 300 pips. Opened below the Neutral Swing Point...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/gbp%10usd-overview-and-outlook-20100309108436/
         

278

Forex Market: News/ Trend/ Technical Analysis / AUDUSD: Maintains Nearer Term Bullish Structure

« on: March 09, 2010, 11:08:49 am »

AUDUSD: Maintains Nearer Term Bullish Structure
         

The pair continues to hold on to most its nearer term gains though seen backing off its intra day high at 0.9131 on Monday. We believe that while it trades above its Feb 23Â’10 high at 0.9070 and the 0.8932 level, its Feb 02Â’10 high, a retarget of the 0.9131...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/audusd%3a-maintains-nearer-term-bullish-structure-20100309108432/
         

279

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

« on: March 09, 2010, 05:14:01 am »

Technical Analysis Daily: USD/JPY
         

Dollar/Yen traded within the 90.68 - 90.16 range on Monday, closing the day at 90.30. After testing the upper limit of the downward channel seen on the 3 hour chart at 90.68 yesterday, the currency couple renewed its decreasing trend today down to 89.62. Going bellow that level would confirm...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100309108397/
         

280

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

« on: March 08, 2010, 11:07:01 pm »

Technical Analysis Daily: EUR/USD
         

Optimism is back after the U.S. Unemployment figures out better than expected on Friday. Euro/Dollar continued trading with an increase on Monday. The currency couple tested the upper limit of the downward channel on the 3 hour chart at 1.3698 yesterday, from where started descending down to 1.3611, closing the...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-eur%10usd-20100309108351/
         

281

Forex Market: News/ Trend/ Technical Analysis / GBP/USD Near-term Outlook Materialized

« on: March 08, 2010, 05:17:44 pm »

GBP/USD Near-term Outlook Materialized
         

The GBP/USD finished its decline to the 1.5070 area, and actually got to as low as 1.05030 to start the US session. The GBP/USD could still rally to 1.53, but the market started the week held below 1.52, so the morning near-term outlook was a decline to the 1.5070 area...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/gbp%10usd-near%11term-outlook-materialized-20100308108325/
         

282

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

« on: March 08, 2010, 05:28:32 am »

Technical Analysis Daily: USD/JPY
         

After some hesitation, Dollar/Yen rose on Friday after the U.S. NFP and the Unemployment report, climbing from 89.19 to 90.44, closing the week at 90.18. The currency couple tested the upper limit of the downward channel formed on the 3 hour chart at 90.68 this morning. If that level is...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100308108294/
         

283

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

« on: March 07, 2010, 11:06:32 pm »

The Daily Forecaster: AUDJPY
         

Friday's rush higher caught me out completely and it seems as if we'll see additional gains. However, only directly above the 82.79 high will see immediate follow-through. Until then take care and if there is an earlier pullback then I feel the 81.05-26 will support. From here we should see...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/the-daily-forecaster%3a-audjpy-20100307108247/
         

284

Forex Market: News/ Trend/ Technical Analysis / Cable Seperates Euro Thread

« on: March 06, 2010, 05:07:23 am »

Cable Seperates Euro Thread
         

Cable: Price action dropped through a near-term trend-line from 1.4750 lows that will now provide resistance at 1.5060, and then again at 1.5615. The pair has switched from being the weakest pair to one of the most stable in recent trade. Sellers may have overshot their mark. Overnight Range: 60...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/cable-seperates-euro-thread-20100306108215/
         

285

Forex Market: News/ Trend/ Technical Analysis / Elliott Wave Charting: Aud/Usd Weekly Review

« on: March 05, 2010, 11:57:29 am »

Elliott Wave Charting: Aud/Usd Weekly Review
         

Once the 0.9849 top was established in 2008 the market exploded lower in a red wave A), and the first leg of a corrective wave (B) pattern. The red wave A) found its lows at 0.6008, from where we saw a corrective wave, counted as a double zig-zag that could...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/elliott-wave-charting%3a-aud%10usd-weekly-review-20100305108210/
         

286

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

« on: March 05, 2010, 05:43:49 am »

Technical Analysis Daily: USD/JPY
         

Dollar/Yen started rising on Thursday ahead of the US Nonfarm payrolls and the Unemployment report, climbing from 88.18 to 89.23, closing the day at 89.02. Today the appreciating of the currency couple continued towards Monday's top at 89.45. Our expectations today are for the bullish trend to continue towards 90.30...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100305108172/
         

287

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

« on: March 04, 2010, 11:10:21 pm »

The Daily Forecaster: EURJPY
         

With EURUSD appearing to confirm that it wants to decline I can't get too bullish. However, with USDJPY firm and the potential for a pullback higher in EURUSD we should be aware of the upside risk that on a break above 121.40 would retest the 121.89 high and this time...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/the-daily-forecaster%3a-eurjpy-20100304108123/
         

288

Forex Market: News/ Trend/ Technical Analysis / AUD/USD Reward and Risk Assessment for Bullish Swing

« on: March 04, 2010, 05:15:47 pm »

AUD/USD Reward and Risk Assessment for Bullish Swing
         

The Daily time frame shows a confluence of 2 swing projections and the 78.6% retracement level near the 92.0 area, and this has been established in recent posts as the target for the current intermediate term rally. We are now in a second swing that started at 0.88.
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-reward-and-risk-assessment-for-bullish-swing-20100304108111/
         

289

Forex Market: News/ Trend/ Technical Analysis / Daily Trade Analysis: USDJPY

« on: March 04, 2010, 11:03:57 am »

Daily Trade Analysis: USDJPY
         

USDJPY is looking to take some retrace towards 89.20 level and from there it might look to resume. The retracement can extend towards 89.85 level as well but the overall scenario still looks good for selling. Traders will look to sell USDJPY initially just above 89.00 level. The trade might...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/daily-trade-analysis%3a-usdjpy-20100304108100/
         

290

Forex Market: News/ Trend/ Technical Analysis / Aud/Usd Top of A Correction

« on: March 04, 2010, 05:02:01 am »

Aud/Usd Top of A Correction
         

Aussie reached new highs around 0.9084 before the pair turned lower. The previous wave count was re-worked into a more complex upward correction of our blue wave (2). We are looking for a double zig-zag correction separated by an expanded flat in wave X).
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-top-of-a-correction-20100304108069/
         

291

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

« on: March 03, 2010, 11:41:07 pm »

Technical Analysis Daily: EUR/USD
         

The Euro/Dollar rose on Wednesday after new strategic measures of the Greek government for lowering the deficit with 5 bln were announced. The currency couple climbed from 1.3595 up to 1.3734, closing the day at 1.3612. Our expectation are for the descending trend to continue as debt crisis in Europe...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-eur%10usd-20100304108018/
         

292

Forex Market: News/ Trend/ Technical Analysis / EUR/USD Stalking Retracement

« on: March 03, 2010, 11:16:33 am »

EUR/USD Stalking Retracement
         

The bullish scenario discussed in yesterdayÂ’s video update is materializing. I noted that this rally should be treated as a retracement, and we should be looking for topping action to show weakness. The 1.38/1.3850 area is an important resistance. If that is broken the 1.39 area is also an important...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eur%10usd-stalking-retracement-20100303107998/
         

293

Forex Market: News/ Trend/ Technical Analysis / FX Thoughts for the Day

« on: March 03, 2010, 05:27:25 am »

FX Thoughts for the Day
         

The Cable has ranged between 1.4970-1.5070 during the day. The Resistance near 1.51 has been holding strong so far and may continue to be honoured during the US session as well which could bring the market down towards 1.4900-4850 over today/ tomorrow. If, however, this Resistance were to break, one...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/fx-thoughts-for-the-day-20100303107973/
         

294

Forex Market: News/ Trend/ Technical Analysis / Currency Pair Daily Forecasts

« on: March 02, 2010, 11:37:32 pm »

Currency Pair Daily Forecasts
         

EUR/USD-market strategy indicates buying levels from the $1.3588 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, we use...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/currency-pair-daily-forecasts-20100303107918/
         

295

Forex Market: News/ Trend/ Technical Analysis / Swing Change ahead of U.S. Noise

« on: March 02, 2010, 05:36:39 pm »

Swing Change ahead of U.S. Noise
         

Euro: The four hour trend is Short. Price action is stuck ahead of the ECB Thursday rate decision on Thursday. The 1.3460 and the 1.3650 areas are important swing points, with 1.3750 the upside target. News that the EU are tangibly addressing the Greek debt issue should help the pair....
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/swing-change-ahead-of-u.s.-noise-20100302107901/
         

296

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

« on: March 02, 2010, 11:30:19 am »

Chart of The Day: USD/JPY
         

Price action on USD/JPY, a daily chart of which is shown, has just formed a tight consolidation after having made a strong bearish run in late February. This occurs within the context of a continuing parallel downtrend channel that has been in place since the 2009 high in April. Having...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-usd%10jpy-20100302107896/
         

297

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

« on: March 02, 2010, 05:10:35 am »

Technical Analysis Daily: USD/JPY
         

Dollar/Yen rose on Monday after the decreasing data of unemployment rates to very low level came out. The currency couple climbed from 88.75 up to 89.45, closing the day at 89.12. Our expectations today are for the main downward trend seen on the 3 hour chart to continue, especially if...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100302107860/
         

298

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

« on: March 02, 2010, 12:19:22 am »

Technical Analysis for Crosses
         

Yesterday's candlestick-secondary image- proved the strong bearish trend obtained from the suggested Elliott count as seen on our provided chart. This bearish pattern encourages us to say that additional bearish actions could be seen over intraday basis, particularly if the pair stabilized below 132.95 zones.
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-for-crosses-20100302107829/
         

299

Forex Market: News/ Trend/ Technical Analysis / AUD/USD Tests .90

« on: March 01, 2010, 11:16:24 am »

AUD/USD Tests .90
         

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 2/23, and 2/25 lows. As for the topside, the Aussie has multiple downtrend lines serving as technical barriers along with February highs and the highly psychological .90 level should it be retested.
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-tests-.90-20100301107786/
         

300

Forex Market: News/ Trend/ Technical Analysis / GBPJPY: Pressured To The Downside Medium Term

« on: March 01, 2010, 05:32:22 am »

GBPJPY: Pressured To The Downside Medium Term
         

With a clean break and close below the 139.23 level, its Nov 26Â’09 low and the 138.22 level, its Feb 04Â’10 low the past week, the cross is now poised to head further lower in continuation of its medium term downtrend initiated from 163.06(2009 high).However, with overstretched daily studies we...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/gbpjpy%3a-pressured-to-the-downside-medium-term-20100301107749/