3/10 FXstreet.com: Technical: Technical Analysis Reports

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. FXstreet.com: Technical: Technical Analysis Reports U.S. Dollar Holds Ground; Trading Remains Light March 10, 2010 at 7:25 AM The U.S. Dollar finished higher on Tuesday against most major currencies in another round of light trading. Traders opened the New York session averse to risk, but shifted this sentiment a few times during the day session. The Dollar bent at times, but never broke.   Firmer U.S. equity markets triggered renewed demand for risk at the mid-session. This helped to weaken the Dollar while fueling a rally in the higher yielding Australian Dollar and New Zealand Dollar.   The Euro was down   Currency Majors Technical Perspective March 10, 2010 at 6:58 AM EUR/USD Current price: 1.3604 Euro managed to recover part of the lost ground late America, after testing key 1.3530 support area. The lack of fundamental data in major economies, favored slightly risk appetite, also supported by Wall Street and oil futures raise. Local share markets has a positive cue, thus euro rises likely to remain limited due to deteriorating credit quality in Europe. Hourly charts show some upside momentum developing with first resistance area around very close 1.3610   AUDUSD: Maintains Nearer Term Bullish Structure March 10, 2010 at 1:00 AM AUDUSD : 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 23'10 high at 0.9070 and the 0.8932 level, its Feb 02'10 high, a retarget of the 0.9131 level is likely with a hold above there accelerating further upside towards the 0.9145 level, its Jan 21'10 high or even higher towards the 0.9277 level, its Jan 18'10 high and ultimately, its 2009 high located at 0.9410. Its daily   Comprehensive FX and Futures Daily Commentary March 9, 2010 at 11:09 PM Daily Market Commentary EUR/USD Drifts Lower with Light News The EUR/USD is drifting lower today after the currency pair was unable to break through previous March highs during yesterday's run higher. The data wire has been relatively quiet the last couple trading sessions, yet investors are opting to retreat from the risk trade regardless. Both Moody's and Fitch cautioned that the UK's financials are still not in a healthy position, likely yielding today's downturn in the risk trade. German   Chart of the Day – USD/CHF March 9, 2010 at 11:07 PM (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 3/09/2010 – USD/CHF – Price action on USD/CHF, a daily chart of which is shown, has consolidated in a tight, slightly bearish consolidation right underneath a key long-term downtrend resistance line extending from the 2008/09/10   Stocks under Pressure as Investors Shed Risky Assets March 9, 2010 at 9:46 PM The lack of major economic reports today means the direction of the Dollar is likely to exert more influence on the U.S. equity markets. With the Dollar up overnight because of risk aversion, traders are selling equities. Yesterday's tight trading range and lack of follow-through during the New York session may have been indications that the stock markets are overbought. The daily March E-mini S&P chart suggests that a break through 1128.75 may accelerate the move to the downside.     Technical Summary for Majors March 9, 2010 at 9:43 PM EUR/USD Extends decline, after an upside attempt stalled at 1.3703 yesterday, to reach 1.3536 low thus far, just ahead of 1.3529, last Friday's low, break of which will re-focus 1.3433 key support. However, the pair remains in a 1.3433/1.3735 range, with break of either side to establish the direction. Res: 1.3605, 1.3640, 1.3690, 1.3703 Sup: 1.3529, 1.3485, 1.3443, 1.3433 GBP/USD Yesterday's rejection at 1.5194 has signaled the completion of the first corrective leg off 1.4780 low, with   Forex Traders Turn against Risk; U.S. Dollar Up versus Most Majors March 9, 2010 at 9:40 PM The U.S. Dollar is trading higher this morning against most major currencies except the Japanese Yen as traders have turned against risk and are seeking shelter in lower yielding assets. The overnight strength in the Dollar is being attributed to heavy selling pressure on the Euro and British Pound.   The Euro is down as traders are taking a more cautious view of the Euro Region economy now that the fiscal problems in Greece have subsided. Traders are citing the possibility of an uneven   FX Thoughts for the Day March 9, 2010 at 9:33 PM FX Thoughts for the day : 09-Mar-2010 - 1430 GMT EURO, JAP YEN and EURO-YEN --------------------------- Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ------------------------------------------------------------- USD-CHF @ 1.0783/86...100 Week MA Resistance at 1.0851 R: 1.0802 / 1.0830-51 / 1.0886   Currency Majors Technical Perspective March 9, 2010 at 9:23 PM EUR/USD Current price: 1.3551 Bearish momentum persist in the pair, despite hourly indicators are showing some oversold conditions. With 20 SMA crossing 200 EMA well above current price, and general pessimism about euro recovery, upside should remain quite limited today, despite a corrective movement should not be discarded. 1.3680 area has turn into our first strong resistance level to watch, while a break under today's low, around 1.3530, should signal further downside pressure to come and   Currency Majors Technical Analysis March 9, 2010 at 8:27 PM EUR/USD - Euro / US Dollar Entry : 1.356 Stop : 1.36 Resistances : 1.371 - 1.365 - 1.3575 Supports : 1.34 - 1.345 - 1.354 GBP/JPY - British Pound / Yen Entry : 134.25 Stop : 135 Resistances : 137.45 - 136.3 - 134.6 Supports : 132 - 132.5 - 133.85 GBP/USD - British Pound / US Dollar Entry : 1.4955 Stop : 1.5005 Resistances : 1.52 - 1.509 - 1.4985 Supports : 1.478 - 1.4855 - 1.4925 EUR/JPY - Euro / Yen Entry : 121.8 Stop : 122.15 Resistances : 124 - 123.25 - 122.25 Supports : 119.8 - 121.2 -   Crude Oil Daily Technical Outlook March 9, 2010 at 6:35 PM Nymex Crude Oil (CL) Crude oil's retreat from 82.41 extends further today. considering bearish divergence condition in 4 hours MACD, break of 79.75 support will indicate that a short term top is formed and will bring deeper fall to 38.2% retracement of 69.50 to 82.41 at 77.48 next. Nevertheless, before that, another rise could still be seen and above 82.41 will target a retest on 83.95 high. In the bigger picture, crude oil was supported above mentioned 68.59 key support and thus, there was no   Sterling remains out of favour March 9, 2010 at 6:13 PM The latest IMM data covers the week from 23 February to 2 March. Following recent stabilisation in EUR/USD, speculative investors have trimmed short EUR positions marginally. However, at above 30% of open interest, EUR shorts remain an upside risk on EUR/USD. Also in effective terms the dollar has lost momentum, as witnessed by the correction lower in the DXY index from its mid-February 81.342 high. As a result, speculative long USD positions have been trimmed to USD5.4bn. The IMM report also   The AUD/NZD gained to 1.3018 after it reached a high at 1.3027 March 9, 2010 at 5:48 PM Good morning from Hamburg and welcome to our Daily FX Report. Today, we are going to report about the Pacific currencies and the Asian economic. We wish you a nice and successful trading day. Market review The JPY gained the most in more than a week versus the EUR on expectation that Japanese companies are bringing back earnings back home before the nation's fiscal year ends this month. The Japanese currency climbed versus all the 16 major counterparts after Yi Gang, head of China's   Technical Summary for Majors March 9, 2010 at 4:56 PM EUR/USD Extends decline, after an upside attempt stalled at 1.3703 yesterday, with 1.3578 being reached thus far. Risk is seen for further pullback, targeting 1.3529, last Friday's low, break of which will re-focus 1.3433 key support. However, the pair remains in a 1.3433/1.3735 range, with break of either side to establish the direction. Res: 1.3640, 1.3690, 1.3703, 1.3735 Sup: 1.3550, 1.3529, 1.3485, 1.3433 GBP/USD Yesterday's rejection at 1.5194 has signaled the completion of the first   Grinding Action at Overbought..... March 9, 2010 at 4:45 PM Which is exactly what we're doing right here. With S&P 500 resistance at 1151 and with many index charts at 70 RSI's, it's not easy here for major upside until we get some unwinding of those daily charts to where the RSI's are at least in the lower 60's, if not somewhere in the 50's. It's not just that we're overbought, but again, when you add in major resistance 1% away, it makes the journey that much more difficult for sustained upside in the short-term. This doesn't mean we won't stay   Forex Technical Analysis on Majors March 9, 2010 at 4:43 PM EUR/USD  Current level-1.3619 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.    We think, that the slide from 1.3704 is the final leg of the consolidation below 1.3736 and a break above 1.3636 will renew the uptrend towards 1.3850. The intraday bias is still negative for 1.3562 with a crucial level at 1.3636.   EUR/GBP, USD/CAD, GBP/JPY Technicals March 9, 2010 at 4:17 PM EUR/GBP March 9, 2010 Current level-0.9076 4 hour chart Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: the pair gave a buy signal breaking through the minor bearish trendline drawn. Keeps our bullish bias intact and the odds favor a test of 0,9100 resistance today.   Financial Trend Analysis Strategy: Short GBPUSD March 9, 2010 at 3:40 PM The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the   EURUSD narrow trading range is formed March 9, 2010 at 2:34 PM Trading range got more narrow between support and resistance levels. It looks like bulls have issues to climb above resistance level and show their strength. According to previous negative trend, bears are still in better shape. However, neutral situation remains for now. Look for short term downswings below support barrier. Waiting action holds to confirm a possible breakout.   Parity between Bearish and Bullish Forces in Euro March 9, 2010 at 2:24 PM EUR The estimated test of key supports has been confirmed with conditions for implementation of the pre-planned buying positions. OsMA trend indicator, having marked preserved priority of bullish party, favors holding of earlier opened long positions with the targets of 1,3690/1,3710, 1,3750/70, 1,3800/20 and (or) further break-out variant up to 1,3860/80, 1,3920/40, 1,3980/1,4000. The alternative for sales will be below 1,3560 with the targets of 1,3500/20, 1,3440/60. CHF The estimated test   EUR: Attempt small longs at 1.3610 March 9, 2010 at 2:09 PM EUR Comment: Very slowly but this chart has a potential 'rounded bottom' forming. Note that moving averages are no longer falling. We continue to watch for signs of forming an important long term interim low. Strategy: Attempt small longs at 1.3610; stop below 1.3400. Add to longs on a sustained break above 1.3750 for 1.3800/1.3840. EUR/JPY Comment: Difficult and inconclusive as we consolidate above the psychological level at 120.00. Allow for a series of random moves between here and 126.00   Currency Majors Technical Perspective March 9, 2010 at 2:08 PM EURUSD Current price: 1.3616   EUR/USD: (1.3610) Rebound retested 1.3693 March 9, 2010 at 1:55 PM Retested 1.3443 and scored a minor new year low, with pair currently back in the daily channel off Dec high, with 1.3693 having been retested : Support area at 1.3605/ .3595 (current week low/ daily Medium Term Moving Average↑), with next levels at 1.3560/ .3545 (daily envelope bottom/ reaction low hourly), where pause favored. If wrong, next levels at 1.3510 (break-up hourly), ahead of 1.3485 (daily Bollinger bottom) and 1.3441/ .3433 (weekly envelope bottom/ current new year low). 1.3405 =   Currency Majors Technical Analysis March 9, 2010 at 1:42 PM GBP/USD - British Pound / US Dollar Entry : 1.5025 Stop : 1.507 Resistances : 1.533 - 1.5205 - 1.509 Supports : 1.4785 - 1.486 - 1.4995 USD/CAD - US Dollar / Canadian Dollar Entry : 1.0285 Stop : 1.0315 Resistances : 1.037 - 1.034 - 1.0295 Supports : 1.02 - 1.0225 - 1.025 EUR/CAD - Euro / Canadian Dollar Entry : 1.4005 Stop : 1.403 Resistances : 1.415 - 1.4075 - 1.4015 Supports : 1.39 - 1.3915 - 1.399 EUR/AUD - Euro / Australian dollar Entry : 1.498 Stop : 1.5015 Resistances : 1.5205 - 1.512 -   EURUSD, GBPUSD & USDJPY Support & Resistance Analysis March 9, 2010 at 1:20 PM Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants   This email was sent to ananto.prihatmoko@gmail.com.  Create an Account Don't want to receive this feed any longer? Unsubscribe here This email was carefully delivered by Feed My Inbox. 230 Franklin Road Suite 814 Franklin, TN 37064