Messages

301

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

« on: February 28, 2010, 11:22:44 pm »

Technical Analysis Daily: EUR/USD
         

Euro/Dollar appreciated at the end of last week, as Dollar index decreased, and crude oil and gold registered growth. On the 3 hour chart the Euro is adjusting sharply upwards, but the depreciating trend remains strong for now. On Friday the Euro descended down to 1.3558, from where it started...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-eur%10usd-20100301107694/
         

302

Forex Market: News/ Trend/ Technical Analysis / USD/JPY Eyeing 87.00

« on: February 26, 2010, 11:11:36 am »

USD/JPY Eyeing 87.00
         

The USD/JPY continues to decline towards 87.00. Although the decline appears to be stalled at the moment, the stochastic shows that the momentum is strong, and along with price action, which broke a rising support, shows that further decline is likely. Bearish mode is maintained as SMA50
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/usd%10jpy-eyeing-87.00-20100226107648/
         

303

Forex Market: News/ Trend/ Technical Analysis / Forex and Dow Jones Recommended Levels

« on: February 26, 2010, 05:15:36 am »

Forex and Dow Jones Recommended Levels
         

USD/JPY: Today's support: - 88.54 and 88.22(main). Break would bring 87.95, where correction is possible. Then 87.56, where a correction may also happen. Break of the latter will give 87.27. If a strong impulse, we would see 87.08. Continuation would give 86.77 and 86.40. Today's resistance: - 89.77, 90.42, 90.66...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/forex-and-dow-jones-recommended-levels-20100226107634/
         

304

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

« on: February 25, 2010, 11:17:13 pm »

Technical Analysis Daily: EUR/USD
         

Along with other economic events, today UK and US GDP Q4 will be released at 9:30 and 13:30 GMT, which may bring volatility to the market. After couple of strong upward adjustments, Euro/Dollar continued decreasing this week, as situation Europe remains unsolved, and risk aversion increases. On the 3 hour...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-eur%10usd-20100226107582/
         

305

Forex Market: News/ Trend/ Technical Analysis / AUD/USD Test .88 Amid Risk Aversion

« on: February 25, 2010, 11:06:27 am »

AUD/USD Test .88 Amid Risk Aversion
         

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday and 2/12 lows. Speaking of 2/12 lows, investors should eye our 3rd tier uptrend line since it runs through these levels. Hence, a failure of our 3rd tier uptrend line could yield a retest of...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-test-.88-amid-risk-aversion-20100225107568/
         

306

Forex Market: News/ Trend/ Technical Analysis / GBPUSD - Bear Pressure Targets The 1.5276/1.5000 levels

« on: February 25, 2010, 05:01:54 am »

GBPUSD - Bear Pressure Targets The 1.5276/1.5000 levels
         

The pair has decisively broken below its 2010 low at 1.5343 and is now threatening the 1.5276 level, its .50 Fib Ret (1.3501-1.7041 rally).This fresh bear offensive is coming on the heels of a 1.5574 high failure on Jan 23'10. We are now looking for a break of the 1.5276...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/gbpusd-%11-bear-pressure-targets-the-1.5276%101.5000-levels-20100225107532/
         

307

Forex Market: News/ Trend/ Technical Analysis / Foreign Exchange Market Commentary

« on: February 24, 2010, 11:44:29 pm »

Foreign Exchange Market Commentary
         

EUR/USD closed higher due to light short covering on Wednesday but the low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold, diverging but are neutral hinting that a short-term low might be in or is near. Closes above the 20-day...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/foreign-exchange-market-commentary-20100225107483/
         

308

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

« on: February 24, 2010, 06:13:13 pm »

Chart Of The Day: USD/JPY
         

Price action on USD/JPY, a daily chart of which is shown, has taken a decidedly bearish turn after having reached and respected last week the top border of a key parallel downtrend channel extending from the April high. The high that was reached on last weekÂ’s turn was just above...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-usd%10jpy-20100224107465/
         

309

Forex Market: News/ Trend/ Technical Analysis / Eur/$, Month Long Bottom Forming

« on: February 24, 2010, 11:13:54 am »

Eur/$, Month Long Bottom Forming
         

No change in the view in eur/$, as the market remains near recent (and multi-month) lows at 1.3450. However, the market is oversold after the sharp declines since the Nov high at 1.5140 (see bullish divergence, buy mode on the daily macd), appears to be within the final downleg from...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eur%10%24,-month-long-bottom-forming-20100224107460/
         

310

Forex Market: News/ Trend/ Technical Analysis / USDJPY: Set For More Downside Weakness

« on: February 24, 2010, 05:49:10 am »

USDJPY: Set For More Downside Weakness
         

The pair saw its strongest declines since tumbling off its recent high the 92.13 level, its Feb 19Â’10 high to close lower at 90.15 on Tuesday. Our downside target, the 89.69 level, its Feb 16Â’10 low highlighted in our Tuesday analysis though not yet met continues to be targeted as...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/usdjpy%3a-set-for-more-downside-weakness-20100224107432/
         

311

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

« on: February 23, 2010, 11:25:22 pm »

Technical Analysis Daily: EUR/USD
         

Euro/Dollar rose on Tuesday because of 25 bln bailout bundle for Greece rumors to 1.3691, from where it decreased down to 1.3500, closing the day at 1.3507. First support for the pair is Tuesday's bottom at 1.3500. Break bellow that level will confirm the continuation of the bearish trend, towards...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-eur%10usd-20100224107383/
         

312

Forex Market: News/ Trend/ Technical Analysis / AUD/USD Drops with Risk Trade

« on: February 23, 2010, 11:07:06 am »

AUD/USD Drops with Risk Trade
         

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 2/18, and 2/19 lows. As for the topside, the Aussie has multiple downtrend lines serving as technical barriers along with the highly psychological. .90 level.
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-drops-with-risk-trade-20100223107364/
         

313

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

« on: February 23, 2010, 05:21:23 am »

Technical Analysis Daily: USD/JPY
         

BOJ minutes on Tuesday indicated the necessity for subsidiary policies to insure investor's trust. Dollar/Yen started declining on Monday from the 91.88 top to 91.02, closing the day at 91.12. Today is the the Trade balance for Japan for January at 23:50 GMT. Going above Monday's top and first resistance...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100223107330/
         

314

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

« on: February 22, 2010, 11:10:10 pm »

Technical Analysis Daily: EUR/USD
         

The downward channel of Euro/Dollar on the 3 hour chart is losing strength for the last 2 weeks because of the strong upward corrections, last one of which was on Friday, continued on Monday, but was limited by the 1.3653 resistance, closing the day at 1.3596.
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-eur%10usd-20100223107286/
         

315

Forex Market: News/ Trend/ Technical Analysis / Chart Of The Day: USD/CHF

« on: February 22, 2010, 11:02:26 am »

Chart Of The Day: USD/CHF
         

Recent bullish price action since mid-January on USD/CHF, a daily chart of which is shown, has brought price up to hit a key long-term downtrend resistance line extending from the November 2008 high. When the pair reached up to hit that significant trendline this past Friday, price momentum failed in...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-usd%10chf-20100222107259/
         

316

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

« on: February 22, 2010, 05:01:44 am »

Technical Analysis Daily: USD/JPY
         

After rising for 2 weeks starting on 4 February, Dollar/Yen traded quietly on Friday, closing the week at 91.46. As there ate no economic major events for Japan and USA today till BOJ meeting at 23:50 GMT, we may see another day of range movements. Going above Friday's top and...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100222107224/
         

317

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

« on: February 21, 2010, 11:11:51 pm »

Daily Technical Analysis
         

The EURUSD attempted to push lower on Friday, bottomed at 1.3444 but whipsawed to the upside, closed higher at 1.3594 and keep moving higher around 1.3625 at the time I wrote this comment. On h1 chart below we can see that the minor bearish channel has been violated to the...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/daily-technical-analysis-20100221107171/
         

318

Forex Market: News/ Trend/ Technical Analysis / Elliott Wave Charting: Usd/Jpy

« on: February 19, 2010, 11:13:20 am »

Elliott Wave Charting: Usd/Jpy
         

Usd/Jpy reached the 92.00 zone over the past session, where the pair has slowed down. Our blue wave iii) could already be competed, which will put a Short corrective wave iv) in play. Overall, an uptrend continuation with an impulsive structure is expected, especially after a blue wave iv) finds...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/elliott-wave-charting%3a-usd%10jpy-20100219107132/
         

319

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

« on: February 19, 2010, 07:46:21 am »

There are bearish reversal signs that are appearing through the candles that point to the start of a bearish intraday wave supported by negative signs near to appearing on the stochastic, where the pair headed towards expectations towards levels 91.25 then 90.350.

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

320

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

« on: February 19, 2010, 07:45:32 am »

Sterling fell against the U.S. dollar yesterday, to achieve the minimum 1.53450, and we expect a further drop today, and new targets for a couple at 1.52250, and this expectation requires constant of trading below the level of 1.54670.

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

321

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

« on: February 19, 2010, 07:37:48 am »

The pair euro against the U.S. dollar penetrating the support level which was mentioned yesterday at 1.35300, which led to a sharp decline for the pair, we expect a small correction today for the pair to test the support level at 1.35300 to get rid of the resolved through Stochastic before continuing the process of landing.

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

322

Forex Market: News/ Trend/ Technical Analysis / EUR/USD Event Risk; Breaking Support

« on: February 19, 2010, 05:53:46 am »

EUR/USD Event Risk; Breaking Support
         

4H: Funny thing happened after I posted my video update yesterday. The EUR/USD looked like it was bottoming at previous low, and since the market was in consolidation mode, an early reversal signal in the 4H time-frame was spotted. Before I completed processing and updating the video, the Fed announces...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eur%10usd-event-risk;-breaking-support-20100219107106/
         

323

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

« on: February 18, 2010, 11:32:53 pm »

FX Technical Commentary
         

Euro - 1.3485 Initial support at 1.3425 (May 18 low) followed by 1.3400 (Big figure). Initial resistance is now located at 1.3788 (Feb 17 high) followed by 1.3839 (Feb 9 high)
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/fx-technical-commentary-20100219107052/
         

324

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

« on: February 18, 2010, 11:35:22 am »

Chart Of The Day: GBP/USD
         

Price action on GBP/USD, a daily chart of which is shown, has tentatively broken down below an inverted flag pattern consolidation within the context of an overall parallel downtrend channel that has been in place since the mid-November highs. This tentative flag break hints at continued potential bearishness in the...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-gbp%10usd-20100218107032/
         

325

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

« on: February 18, 2010, 05:09:31 am »

Technical Analysis Daily: USD/JPY
         

Dollar/Yen made a significant rise on Thursday from 90.16 to 91.38, breaking the upper limit of the downward channel, formed on the 3 hour chart, and closing the day at 91.24. Today Dollar started retreating against the Yen. However, only convincing break bellow Tuesday's bottom at 89.72 should confirm the...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-daily%3a-usd%10jpy-20100218107001/