Forex
Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline
Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline EUR/USD: 1.2796 Let’s look at the falling trendline that held after a relief rally retreated from 1.2930. The 16 May session saw EUR/USD stuck in consolidation, but the 17 May Friday US session saw some action as EUR/USD broke below the previous 1.2842 low. This broke [...]
EUR USD upside momentum eases
EUR USD upside momentum eases ON BULLETS • IMM data shows EUR net longs continued to edge higher in the week to 29th Jan; and net JPY shorts rose • China non-manufacturing PMI edged up to 56.2 in January from 56.1 previously USD Non-farm payrolls were broadly inline with expectations; upward revision to the back [...]
USD CAD the bias remains bullish
USD CAD the bias remains bullish Pivot: 1.0005 Our preference: Long positions above 1.0005 with targets @ 1.0045 & 1.0065 in extension. Alternative scenario: Below 1.0005 look for further downside with 0.998 & 0.9945 as targets. Comment: the pair is facing a pull back but stands above its support. The greenback was mixed against its [...]
USD JPY the upside prevails
USD JPY the upside prevails Pivot: 90.75 Our preference: Long positions above 90.75 with targets @ 91.25 & 91.55 in extension. Alternative scenario: Below 90.75 look for further downside with 90.5 & 90.2 as targets. Comment: the pair is rebounding on its support and is shaping a bullish flag as the RSI is turning up. [...]
EUR/USD Heads Higher, Looks Overbought
EUR/USD Heads Higher, Looks Overbought Our momentum oscillator is currently indicating that EUR is currently in an overbought condition. On 1/31/2013, EUR closed below the upper band by 9.1%. Bollinger Bands are 29.61% wider than normal. EUR/USD intraday: further advance. A bearish harami occurred (where the current small black body is contained within an unusually [...]
USD CHF the downside prevails
USD CHF the downside prevails Pivot: 0.914 Our preference: Short positions below 0.914 with targets @ 0.907 & 0.904 in extension. Alternative scenario: Above 0.914 look for further upside with 0.917 & 0.919 as targets. Comment: the pair has broken below a bearish channel lower boundary and remains on the downside, the RSI is turning [...]
AUD USD under pressure
AUD USD under pressure Pivot: 1.048 Our preference: Short positions below 1.048 with targets @ 1.042 & 1.04 in extension. Alternative scenario: Above 1.048 look for further upside with 1.05 & 1.053 as targets. Comment: the pair remains under pressure and is challenging its intermediary support. It is worth noting that the commodity currencies (AUD, [...]
USD CHF under pressure
USD CHF under pressure Pivot: 0.923 Our preference: Short positions below 0.923 with targets @ 0.9145 & 0.9115 in extension. Alternative scenario: Above 0.923 look for further upside with 0.928 & 0.932 as targets. Comment: the pair is breaking below its bearish channel lower boundary and should face further weakness. As dollar’s anticipated decline accelerated [...]
EUR/USD Technicals
EUR/USD intraday: bullish bias above 1.3425 Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 12 period(s) ago. Since the MACD crossed its moving average, EUR’s price has increased 0.70% , and has ranged from a high of 1.348 to a low of 1.325. Technical [...]
AUD/USD Technicals
AUD/USD Technicals AUD is currently 1.3% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of AUD at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish [...]
USD/CHF Technicals
USD/CHF intraday: the bias remains bullish. On 1/29/2013, FOREX CHF= closed above the lower band by 45.5%. Bollinger Bands are 25.62% narrower than normal. Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. Technical Outlook Short Term: [...]
FX Daily Strategy: EUR, GBP, USD, NZD
FX Daily Strategy: EUR, GBP, USD, NZD ON BULLETS • Moody’s cuts rating of six Canadian banks on high consumer debt and rising house prices • NZ posts a surprise trade surplus of NZD486mn in December USD US Durable goods data was much better than expected up 4.6% m/min December, but pending homes sales were [...]
GBP/USD Slides
GBP/USD intraday: the downside prevails. On 1/28/2013, FOREX GBP= closed above the lower band by 5.1%. Bollinger Bands are 51.16% wider than normal. The large width of the bands suggest high volatility as compared to FOREX GBP=’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has [...]
USD/CHF Outlook
USD/CHF intraday: the bias remains bullish. On 1/28/2013, FOREX CHF= closed below the upper band by 38.8%. Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bearish Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 20 period(s) ago. Since the MACD crossed its [...]
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USD/ZAR South African Rand Outlook
Shayne Heffernan takes a look at the USD/ZAR
USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current …
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Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
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