3/4 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 USDCHF's fall extends to 1.0648 March 4, 2010 at 9:20 AM USDCHF's fall from 1.0887 extends to as low as 1.0648. Deeper decline is expected later today and target is to test 1.0608 key support, a breakdown below this level could indicate that the uptrend from 1.0132 has completed at 1.0898 already. However, as long as 1.0608 support holds, the price action from 1.0898 is treated as consolidation of uptrend, another rise is still possible to 1.1000 area.   Fed Beige Book Triggers Late Session Equity Market Break March 4, 2010 at 7:42 AM U.S. stock indices finished lower with the exception of the March E-mini S&P after failing to hold on to earlier gains. The break late in the session coincided with the release of Fed's Beige book. At first trader reaction to the report was non-committal as it offered no new bullish economic news. After a delayed response, a sell-off began as if traders were saying "no bullish news is bad news".   Earlier in the session, U.S. equity markets surged to the upside following the release   U.S. Dollar Index Changes Trend to Down March 4, 2010 at 7:40 AM On Wednesday, the U.S. Dollar lost ground to every major currency except the New Zealand Dollar. Early selling pressure triggered a change in trend when this index took out the last main top at 80.14. In the process a new lower top was formed at 81.34. The charts are indicating a break to 77.86 is possible over the near-term.   The EUR USD rose on Wednesday to its highest level since February 17th after traders covered short positions and aggressive investors went long following the   Currency Majors Technical Perspective March 4, 2010 at 6:30 AM EUR/USD Current price: 1.3702 Attempting to form a midterm bottom at the 61.8% retracement of past 2009 March/November rally, pair reaching 1.3736 before stalling; holding above the 1.3700 level, pair holds a bullish perspective for next hours, clearer in 4 hours charts. Above 1.3740 resistance area, next level to watch comes at 1.3800, 50% retracement of the same rally. Euro, was also helped by Greek government announcement of further austerity measure that will represent 4.8B euros saving.   Stocks Rally on Better ADP, ISM Services Growth March 4, 2010 at 5:13 AM U.S. equity markets surged to the upside after the release of a better than expected ADP jobs report and a much improved ISM Services Index. The ADP figure came out at the low end of the range which gave investors a reason to believe that Friday's Non-Farm Payroll figure may also show an improvement in the U.S. jobs situation. Treasury markets weakened after U.S. jobs data showed improvement from the previous month and the ISM Services Index rose more than expected. Traders see this as a sign   Euro Rises after Greece Makes Move in Right Direction March 4, 2010 at 5:11 AM The EUR USD rose this morning to its highest level since February 17th as shorts covered positions after Greece announced additional budget cuts and tax increases in an attempt to shore up its budget and gain favors from the European Union. Greece's new plan to take control of its fiscal problems drew positive comments from Luxembourg's Jean-Claude Juncker who said "Greece's ambitious program to correct its fiscal imbalances is now credibly on track." Technically, the Euro's main trend turned   Stocks Trading Flat Ahead of ADP Jobs Report March 3, 2010 at 10:27 PM Besides news regarding the debt crisis in Europe, futures and Forex traders will be focusing on today's Challenger jobs report and the ADP private sector jobs report for direction. Traders expect the ADP report to show a loss of 20,000 jobs. An amount greater than 20,000 should support the Dollar as it will indicate a weaker economy.  Later in the day, the Fed releases the Beige Book of economic conditions.   U.S. equity markets are trading flat to lower ahead of the job data   Euro Firms after Greece Announces More Budget Cuts March 3, 2010 at 10:22 PM The Euro is firming overnight after Greece announced more budget cuts in an effort to sway the European Union into approving its bailout package.  The new plan includes higher taxes and pay cuts for government officials. Greece has been making an effort to shore up its fiscal deficit in order to convince the EU and investors that it is committed to taming its budget crisis. At the same time, there is talk that Greece is prepared to go to the International Monetary Fund if the EU fails to   Chart of the Day – GOLD March 3, 2010 at 10:03 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.) 3/03/2010 – GOLD – Price action on spot gold, a daily chart of which is shown, has made a significant bullish move in breaking out above the key 1130 price region, establishing a new 6-week high. This occurs within the context of a   Currency Majors Technical Perspective March 3, 2010 at 9:26 PM EUR/USD Current price: 1.3642 Breaking higher, pair just opened current candle above daily descendant trend line coming from 1.3790 highs from past Feb 17th. General bias remains bullish in the pair, as 20 SMA keeps acting as dynamic support capping the downside around 1.3630 area first support for next session; stronger one lies at the 1.3580 area. To the upside, key level to watch is the 1.3700 area, roof of the horizontal channel the pair has been moving in for the past 2 weeks. Support   Currency Majors Technical Analysis March 3, 2010 at 8:13 PM EUR/USD - Euro / US Dollar Entry : 1.3645 Stop : 1.3705 Resistances : 1.385 - 1.379 - 1.368 Supports : 1.343 - 1.35 - 1.359 GBP/JPY - British Pound / Yen Entry : 133.5 Stop : 133.9 Resistances : 135.6 - 134.55 - 133.75 Supports : 132 - 132.5 - 132.85 USD/CAD - US Dollar / Canadian Dollar Entry : 1.0335 Stop : 1.037 Resistances : 1.0495 - 1.041 - 1.037 Supports : 1.025 - 1.031 - 1.0325 USD/CHF - US Dollar / Swiss Franc Entry : 1.074 Stop : 1.0775 Resistances : 1.088 - 1.078 - 1.0765 Supports :   FX Thoughts for the Day March 3, 2010 at 7:15 PM USD-CHF @ 1.0728/33...Immediate Support at 1.07 R: 1.0780-1.08 / 1.0843 / 1.0904 S: 1.07 / 1.0650-30 / 1.06 Swiss has fallen from the day's high of 1.0763 and is continuing to trade lower. Our view remains the same on the pair. In the near term we might expect a break below 1.07 and see a downmove towards 1.0650-00 which is a significant Support region seen on the downside. However, the broader picture continue to remain bullish and we might see a bounce back from this Support region   Short Sterling – December 2010 March 3, 2010 at 7:06 PM Comment: The UK Treasury yield curve is still extremely steep, ultra-long dated paper slightly less in demand and index-linked very much in vogue (IL 2016 at new record low yield of 35 basis points). Short Sterling calendar spreads continue to narrow (and have further to go) as red months rally to new record highs. Rising open interest across the board suggests that recent consolidation is seen as an opportunity to adjust core positions despite no change in the money market. While 'channel'   Gold Daily Technical Outlook March 3, 2010 at 6:01 PM Comex Gold (GC) Gold's break of 1131.5 resistance confirms that whole rise from 1044.5 has resumed. As noted before, this also strongly suggest that whole correction from 1227.5 has completed with three waves down to 1044.5 already. Further rise should now be seen to 1163 resistance for confirmation. Break will target a retest on 1227.5 next. On the downside, below 1115 will turn intraday bias neutral. But further rally would remain in favor as long as 1088.5 support holds. In the bigger   EUR/GBP, USD/CAD, GBP/JPY Technicals March 3, 2010 at 4:41 PM EUR/GBP EUR/GBP March 3, 2010 Current level-0,9075 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 keeps pushing up supported by the 1 hour 50 moving average. Lower highs on shorter time frames suggest a dip before challenging 0,9150.   Financial Trend Analysis Strategy: Short USDJPY March 3, 2010 at 4:35 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   Forex Technical Analysis on Majors March 3, 2010 at 4:33 PM EUR/USD  Current level-1.3608 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.    Yesterday's test of the 1.3440 support area failed and the pair is still in the 1.3440-3690 range. A reversal below 1.37+ is to be expected today and it will start a downtrend for a new test in the 1.3440 support. We continue to favor a break below   Doji's At The Top Of The Wedges..... March 3, 2010 at 4:26 PM Today we saw most of the major index charts hit the top of their wedges with doji candle sticks meaning the sellers caught up to the buyers at this major resistance area. The top of the wedge is key resistance the bears want to make sure doesn't get taken out and when you get doji's at critical resistance, this usually means some type of pullback is upon us. It doesn't mean the selling is going to be intense. In fact, my guess is that there won't be too much selling at all but you have to be   The USD dropped for a second day versus the EUR March 3, 2010 at 4:05 PM Good morning from Hamburg. In the middle of the week, the USD lost against 15 of its 16 major counterparts. Furthermore Greece will announce their cuts today. As always, we wish you much success in trading. Market review The USD dropped for a second day versus the EUR as the most trades increased their bets that the Federal Reserve will keep its target interest rate near zero to sustain a recovery in the world`s biggest economy. The EUR rose to 1.3645. Furthermore the USD weakened against 15   Commodity Market Rises Sharply March 3, 2010 at 3:52 PM Daily Review 3/3/2010 USD Dollar (USD) – The Dollar weakened across the board and seems like technical adjustments on the way. The Stock Markets in the US had modest gains with Dow Jones adding 0.02% and the NASDAQ appreciating by 0.32%. The Commodities market rose sharply with Crude oil closing at 79.6$ a barrel and Gold (XAU) closing at 1134$ an ounce. Today, the ADP Nonfarm Employment Change is expected at -10K vs. -22k previously and the ISM Non-Manufacturing Index is expected at 51 vs.   Sideway Trading in Euro March 3, 2010 at 2:47 PM EUR The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, having marked generally preserved priority of bearish party combined with formation of bearish reversal signal, suggests holding of open short positions with the targets of 1,3580/1,3600,0, 1,3520/40, 1,3440/60 and (or) further break-out variant up to 1,3380/1,3400, 1,3320/40. The alternative for buyers will be above 1,3700 with   EURUSD rebounded back to resistance level March 3, 2010 at 2:42 PM Bulls did manage to recover the price back to significant resistance barrier at 1.3646. While this level holds, previous positive bulls movement has limits. Despite the broken trend line, negative situation remains active for now. However, above resistance at 1.3646 bulls can overcome bears side. Look for possible resistance breakout to confirm bulls movement.   EUR: Attempt longs at 1.3625/1.3600 March 3, 2010 at 2:28 PM EUR Comment: Inching to the top of the downward-sloping 'wedge' formation after touching a new recent low at 1.3433, closing above the 9-day moving average yesterday, and news that the US Justice Department is investigating whether hedge funds have colluded to push it down might add a little fuel. We continue to watch for much clearer signs of forming an interim low. Strategy: Attempt longs at 1.3625/1.3600; stop below 1.3400. Add to longs on a sustained break above 1.3700 for 1.3800/1.3840.   Currency Majors Technical Perspective March 3, 2010 at 1:54 PM EURUSD Current price: 1.3542   Currency Majors Technical Analysis March 3, 2010 at 1:44 PM EUR/USD - Euro / US Dollar Entry : 1.3635 Stop : 1.3705 Resistances : 1.385 - 1.379 - 1.366 Supports : 1.3435 - 1.3515 - 1.356 GBP/JPY - British Pound / Yen Entry : 133.5 Stop : 134.15 Resistances : 135.6 - 134.5 - 133.8 Supports : 132 - 132.5 - 133.05 GBP/USD - British Pound / US Dollar Entry : 1.5025 Stop : 1.509 Resistances : 1.5325 - 1.5195 - 1.508 Supports : 1.4785 - 1.486 - 1.499 USD/CAD - US Dollar / Canadian Dollar Entry : 1.034 Stop : 1.037 Resistances : 1.0445 - 1.041 - 1.0365   EUR/USD: (1.3643) Retested 1.3443 March 3, 2010 at 1:28 PM Retested 1.3443 and scored a minor new year low, with pair currently back in the daily channel off 1.5142 (bottom at 1.3436 today): Support area at 1.3607 (today's low?), with next levels at 1.3595/ .3584 (daily Medium Term Moving Average→/ break-up hourly), ahead of 1.3538/ .3514 (daily envelope bottom/ reaction low hourly), where pause favored. If wrong, next levels at 1.3477 (daily Bollinger bottom), with next levels at 1.3433 (current new year low), ahead of 1.3405 (61.8% 2008 low to   EURUSD, GBPUSD & USDJPY Support & Resistance Analysis March 3, 2010 at 1:21 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   Daily Forex and Dow Jones Recommended Levels March 3, 2010 at 12:34 PM Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386 , 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430 (published on 23.10.2008) . Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181 (published о n   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