3/11 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 GBPUSD dropped from 1.5195 March 11, 2010 at 10:39 AM After touching the upper border of the falling price channel, GBPUSD dropped from 1.5195 and formed a short term cycle top on 4-hour chart. Deeper decline to test 1.4784 support is expected, a breakdown below this level will indicate that the downtrend from 1.6456 (Jan 19 high) has resumed, then another fall could be seen to 1.4500 area. Key resistance is at 1.5195, only rise above this level will indicate that the fall from 1.6456 has completed, then the following uptrend could take price   GBP/USD still in the short-term correction mode March 11, 2010 at 8:27 AM    The GBP/USD is still in the short-term correction mode. The AUD/USD made an attempt and neared the 0.92 area, and has not shown reversal yet. The USD/CAD is nearing its 1.02 major bottom with some early signs of possible reversal. The EUR/GBP is still in congestion, and there are several scenarios we may want to prepare for. Let's take a look.   Stocks finish Higher after Volatile Session March 11, 2010 at 7:46 AM U.S. equity markets finished higher after showing the first sign of volatility in several weeks. After a strong early session rally, selling pressure hit the market after the March E-mini S&P 500 failed to attract buyers after reaching its high for the year at 1148.00. The strong comeback rally and the failure to post a closing price reversal top indicates there may be enough upside momentum to drive this market through the January top until it balances price and time at 1156.00 on March   U.S. Dollar Mixed at the Close; Euro Finishes Higher March 11, 2010 at 7:42 AM The U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not working. The lack of major U.S. economic reports this week is still influencing the trade although this will change with Thursday's Weekly Initial Jobs Claims Report.   Early in the session it was clear that traders were looking for risk as the stock indices rose with the March E-mini S&P 500 reaching the high for the year at   Currency Majors Technical Perspective March 11, 2010 at 6:48 AM EUR/USD Current price: 1.3604 Euro managed to print some gains past Wednesday, helped by a general lack of strong fundamental data and some Chinese data that lead investors to fell optimism about the global recovery gaining traction. Also, a successful sale of a Portuguese government bond helped to downgrade concerns over debt nations in the euro zone. Pair however, remained trapped in past week ranges, unchanged in the midterm perspective; hourly charts, show momentum losing strength and   Comprehensive FX and Futures Daily Commentary March 11, 2010 at 12:09 AM Daily Market Commentary EUR/USD Edges Higher as EU Contemplates EMF The EUR/USD is edging higher and continues to hold strong above its psychological 1.35 level and previous March lows as EU members contemplate the creation of a European Monetary Fund to forge economic cohesion and stability in the union. Hence, it seems the EU is beginning to show more leadership and is taking a unified stance to battle fiscal imbalances with Sarkozy adamantly defending Greece the other day. The data wire was   Currency Majors Technical Perspective March 10, 2010 at 9:38 PM EUR/USD Current price: 1.3607 Pair remains steady in past days range, having yet no defined any midterm possible trend. Capped by the 1.3640 resistance area at the top, hourly indicators flat as well as 20 SMA yet under current price, show we need some acceleration either above 1.3640 or under 1.3580 support area, to define intraday trend. Support levels: 1.3580 1.3530 1.3485 Resistance levels: 1.3610 1.3640 1.3685 GBP/USD Current price: 1.4950 Pound slump after early data, bottomed at the   Currency Majors Technical Analysis March 10, 2010 at 8:54 PM GBP/USD - British Pound / US Dollar Entry : 1.4935 Stop : 1.498 Resistances : 1.5205 - 1.502 - 1.495 Supports : 1.478 - 1.485 - 1.488 EUR/GBP - Euro / British Pound Entry : 0.9115 Stop : 0.9095 Resistances : 0.925 - 0.915 - 0.913 Supports : 0.904 - 0.908 - 0.9105 EUR/CHF - Euro / Swiss Franc Entry : 1.462 Stop : 1.4635 Resistances : 1.466 - 1.465 - 1.463 Supports : 1.456 - 1.46 - 1.461 EUR/AUD - Euro / Australian dollar Entry : 1.485 Stop : 1.4875 Resistances : 1.4935 - 1.4905 - 1.487 Supports   FX Thoughts for the Day March 10, 2010 at 7:41 PM FX Thoughts for the day : 10-Mar-2010 - 1219 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 @ 1.0741/44...Holding long R: 1.0802 / 1.0830-51 / 1.0886 S: 1.0722 / 1.0684 /   Forex Technical Analysis on Majors March 10, 2010 at 6:48 PM EUR/USD Current level-1.3585 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.    A break above 1.3620 will signal, that the expected rise is underway, towards 1.3736, en route to 1.3850 main target.   Last Day Selling..... March 10, 2010 at 5:48 PM We finally saw the market pull back some late today as those high RSI readings kicked in. It wasn't the type of selling that says the market is doomed from here because that's not likely the case at all. When markets get overbought they need to unwind so you have to look at the selling that takes place more as an opportunity rather than a it's all over for the market type of situation. Selling is never fun if you have a long bias and it doesn't take very much selling to kick fear in pretty   Short Sterling – December 2010 March 10, 2010 at 5:24 PM Comment: Solid volume and soaring open interest in this contract last week suggest many are acutely aware of the availability (or not) and cost of capital. The UK Treasury yield curve is still extremely steep, two's/tens a whopping 300 basis points and really ought to flatten a bit soon. 'Channel' support gave way, as we warned last week, and the 26-day moving average limited the latest pull-back. Expect a little more sideways work for another week or two prior to a push up to new highs later   Crude is trying to get towards the 84.37 key resistance level March 10, 2010 at 5:20 PM Market Comment S&P futures looking like it will potentially to test the 1148 (2010 high) near term, but don't expect any major rally above the 1160 level or so near term. We note that German Dax index upside contained by Sigma +2 band so far (2 standard deviation line). See the daily futures technical report for more info. We have now come to the time of the year when it is time for the Japanese companies to prepare for the end their fiscal year (end of March) and Yen to be repatriated   EUR/GBP, USD/CAD, GBP/JPY Technicals March 10, 2010 at 4:49 PM EUR/GBP March 10, 2010 Current level-0.9090 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: tested 0,9100 the euro bulls need to drill through this tough resistance to push up to 0,9150. The reference to keep an eye on is the 4 hour 50MA thats keeps supporting the pair.   The GBP fell for a third day against the USD after it reached a low at 1.4957 March 10, 2010 at 4:29 PM Good morning from wonderful Hamburg and welcome to Varengold Bank's Daily FX Comment. The Chinese economic data seems to have an influence on the Japanese currency after the JPY fell against other currencies inside the Pacific region. Anyways, we wish you a nice trading day! Market review The JPY fell to a two-week low versus the NZD on speculation that the Japanese economic rebound will lag behind the rest of the Asia-Pacific region. The Japanese currency fell close to its deepest level in   Technical Summary for Majors March 10, 2010 at 4:16 PM EUR/USD Maintains negative near-term tone. Yesterday's attempt at 1.3529, 05 Mar pivot, reached 1.3536, before bouncing to mark a possible lower top at 1.3615. Break below 1.3536/22 support zone would direct the market towards lower levels of 1.3433/1.3789 band. Res: 1.3615, 1.3640, 1.3690, 1.3703 Sup: 1.3529, 1.3513, 1.3485, 1.3443 GBP/USD Continues to trend lower, focusing 1.4853/1.4780 lows. However, as long as the latter holds, possibility for attempt higher towards 1.5345 zone is not   Today's Trading Signals March 10, 2010 at 3:54 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   USD Makes Gains Against the GBP and the EUR March 10, 2010 at 3:09 PM Daily Review 10/3/2010 USD Dollar (USD) – The Dollar gained versus the Euro and the Pound and weakened versus the high yielding commodity linked currencies. Stock markets finished higher but weak fundamentals and fears across Europe helped the Dollar to gain. NASDAQ and Dow Jones gained by 0.36% and 0.11% respectively. Crude Oil weakened by -0.46% closing at 81.49$ a barrel. Gold (XAU) weakened by -0.14% closing at 1,122$ an ounce. Today, Federal Budget Balance is expected with -199.5B versus   EURO in Sideway Range March 10, 2010 at 2:31 PM EUR The pre-planned break-out variant for sales has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate range movement and taking into account descending direction of indicator chart, we can assume probability of rate return to 1,3540/60 supports, where it is recommended to evaluate the   Attempt small longs at 1.3575 March 10, 2010 at 2:30 PM EUR Comment: Going nowhere, no doubt leaving the very many Euro-sellers frustrated. This chart has a potential 'rounded bottom' forming, and needs a close above the 26-day moving average at the very least to turn momentum bullish. We continue to watch for signs of forming an important long term interim low. Strategy: Attempt small longs at 1.3575; stop below 1.3400. Add to longs on a sustained break above 1.3750 for 1.3800/1.3840. EUR/JPY Comment: Slow and uninspiring as we consolidate above   EURUSD has extended bearish movement March 10, 2010 at 2:26 PM Bears are trying to gain their lost strength. While support level at 1.3573 holds, bears movement is limited. "M" shape is formed and short term downside movement is possible. Look for selling options below support barrier at 1.3573, but a breakout should be confirmed first.   Currency Majors Technical Perspective March 10, 2010 at 1:59 PM EURUSD Current price: 1.3599   Currency Majors Technical Analysis March 10, 2010 at 1:55 PM EUR/USD - Euro / US Dollar Entry : 1.359 Stop : 1.362 Resistances : 1.374 - 1.3705 - 1.3615 Supports : 1.344 - 1.354 - 1.3585 GBP/USD - British Pound / US Dollar Entry : 1.497 Stop : 1.5025 Resistances : 1.52 - 1.502 - 1.498 Supports : 1.4785 - 1.485 - 1.494 USD/CHF - US Dollar / Swiss Franc Entry : 1.0755 Stop : 1.0725 Resistances : 1.088 - 1.0805 - 1.0765 Supports : 1.065 - 1.0675 - 1.074 EUR/CHF - Euro / Swiss Franc Entry : 1.4625 Stop : 1.464 Resistances : 1.465 - 1.4635 - 1.4625 Supports   EUR/USD: (1.3604) Rebound retested 1.3693 March 10, 2010 at 1:31 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 1.3593/ .3588 (daily Medium Term Moving Average↑/ today's low?), with next levels at 1.3542/ .3537 (daily envelope bottom/ current week low), where pause favored. If wrong, next levels at 1.3510 (break-up hourly), ahead of 1.3489 (daily Bollinger bottom) and 1.3441/ .3433 (weekly envelope bottom/ current new year low). 1.3405 = 61.8%   EURUSD, GBPUSD & USDJPY Support & Resistance Analysis March 10, 2010 at 1:23 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