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Eur/Usd In-Depth Technical and Fundamental Review
Written on 31 Mar, 2010 at 22:56 in Forex news | viewed 80 times | 0 Comments
Mar.31.2010 Euro: Eur/Usd was rejected from the 1.3550 swing point in recent trade, which has been an important area over the last 5 weeks of trading. This may force some bulls to change camp to the short side, allowing the pair to push below towards the 1.3000 area. The daily momentum and trend reads are both [...]... (Continue reading)
Major Pairs At Major Swing Points
Written on 23 Mar, 2010 at 22:59 in Forex news | viewed 60 times | 0 Comments
Mar.23.2010 Euro: Price action bounced off the 1.3450 area in Monday trade, but the daily trend and momentum reads remain in short mode. This near-term retracement is positive for the current downtrend, since it will reveal the strength of selling resolve in holding the trend. A break below the 1.3450 area will probably send the [...]... (Continue reading)
Cad, Swissy, Yen Review
Written on 22 Mar, 2010 at 16:35 in Forex news | viewed 48 times | 0 Comments
Mar.22.2010 Cad: There were some very interesting price action moves at the end of last week, as Usd/Cad took strong plunges on positive Canadian news reports, with moves that were reversed in quick time as global markets bought Usd positions. This shows that the market is aware of the strong Canadian business cycle, but that [...]... (Continue reading)
Euro, Cable, Aussie Review
Written on 22 Mar, 2010 at 16:33 in Forex news | viewed 53 times | 0 Comments
Mar.22.2010 Euro: The euro dropped hard over the last sessions of trading, being rejected from the 1.3800 resistance area with ease. This denotes a very bearish outlook, which could push the pair below the 1.3450 area. The pair looks oversold in the near-term, indicating that market participants may be looking to join the downtrend at [...]... (Continue reading)
Dollar Set To Maintain Long Bias
Written on 22 Mar, 2010 at 15:42 in Forex news | viewed 71 times | 0 Comments
Mar.22.2010 A new episode of dollar strength hit in the latter part of last week, in reaction to global risk (equity) markets dropping off tests of yearly highs. The major pairs have all formed technical swing points on the daily and weekly charts, favoring long dollar plays, with the exception of the Usd/Jpy, which so [...]... (Continue reading)
Forex Major Signals
Written on 21 Mar, 2010 at 23:05 in Forex news | viewed 64 times | 0 Comments
Mar.21.2010 Excerpts taken from The Trader Advantage Program Global markets will test support in the early part of the new week, with 1155 on the S/P equity market being pivotal. A break lower from here will empower the Usd, while a move long that holds 1155 will impede Usd buying. We are seeing some solid [...]... (Continue reading)
Euro and Cable Looking To Separate
Written on 18 Mar, 2010 at 23:11 in Forex news | viewed 48 times | 0 Comments
Mar.18.2010 Euro: Price action is currently in a near-term downtrend, after it failed for four consecutive days to break above the 1.3800 area. In intra-day trade, the Eur/Usd might find some support in the 1.3600 area, near the 20-day moving average. Additionally, the 1.3600 area was the main swing point of the last few weeks [...]... (Continue reading)
Commodity Pairs Just Not Ready To Give It Up
Written on 18 Mar, 2010 at 23:02 in Forex news | viewed 51 times | 0 Comments
Mar.18.2010 Aussie: Price action started the day near the 0.9230 area, where it meet a resistance trend-line that has held the market since Nov 16 2009. Expectations are that the aussie will be able to push higher, but for now, the market seems more interesting in buying the U.S. rather than Australian dollars. If this [...]... (Continue reading)
Interest Rate Pairs Are Keen To Move
Written on 18 Mar, 2010 at 23:00 in Forex news | viewed 60 times | 0 Comments
Mar.18.2010 Swissy: Price action continues to post important gains compared to the Eur, something that may force the Swiss National Bank to intervene once again in the valuation of Eur/Chf, as has been the case previously when the pair traded at sub-1.5000 levels. Regarding Usd/Chf, the pair is caught between the 50 and the 200-day [...]... (Continue reading)
Mixed Moves As Euro and Swissy Split
Written on 15 Mar, 2010 at 20:36 in Forex news | viewed 57 times | 0 Comments
Mar.15.2010 Euro: The euro started the week trading below the 1.3800-1.3850 area, which is the main swing point of the last five weeks. A break above that hold 1.3850 for a session will change the overall trend to long, however, the pair still a long way to go, and plenty of market-wide momentum to build, [...]... (Continue reading)
