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| Daily Forex and Dow Jones Recommended Levels
March 5, 2010 at 10:30 AM
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| | 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 оn 
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| EURUSD continues move sideways between 1.3435 and 1.3838
March 5, 2010 at 10:06 AM
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| | EURUSD continues to move sideways in a range between 1.3435 and 1.3838. As long as 1.3838 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible. However, a break above 1.3838 resistance could indicate that the fall from 1.4579 has completed at 1.3435 already. 
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| Majors and AUD pairs
March 5, 2010 at 8:46 AM
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| | Today, I will take a followup with the EUR/USD, GBP/USD, USD/JPY and AUD/USD pairs. The greenback is holding firm against the euro and sterling. Agains the yen, it continues to be choppy. The Aussie may continue to gain on the greenback in context of consolidation. 
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| Stocks Finish Higher in Light Trading Activity
March 5, 2010 at 7:10 AM
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| | U.S. stocks finished higher despite a shift in sentiment toward less risky assets. For most of the day, the indices traded inside of a tight range on low volume. Traders kept a lid on gains and a floor on losses ahead of Friday's U.S. Non-Farm Payrolls Report. Demand for lower yielding assets helped give June Treasury Bonds a boost on Thursday. Trading was light and volume was low ahead of Friday's U.S. jobs report. The Charts indicate the potential for a rally to118'17 if support can 
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| Worries about Greece, Economic Slowdown Drive Up U.S. Dollar
March 5, 2010 at 7:08 AM
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| | U.S. stocks finished higher despite a shift in sentiment toward less risky assets. For most of the day, the indices traded inside of a tight range on low volume. Traders kept a lid on gains and a floor on losses ahead of Friday's U.S. Non-Farm Payrolls Report. Demand for lower yielding assets helped give June Treasury Bonds a boost on Thursday. Trading was light and volume was low ahead of Friday's U.S. jobs report. The Charts indicate the potential for a rally to118'17 if support can 
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| Currency Majors Technical Perspective
March 5, 2010 at 6:43 AM
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| | EUR/USD Current price: 1.3575 Pair turned to bearish during past American session, reaching an intraday low of 1.3550, first static support level for next hours. Ahead of US Payrolls, pair mostly to remain range bound, despite current bearish bias, capped by 1.3610/40 resistance area. Key level to the downside however, remains being the 1.5330 area; bounce back from that area, could support further upside ahead, yet break lower will confirm the pair bearish momentum. Local shares have a 
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| Stocks Trading Mixed Ahead of Weekly Jobless Claims
March 5, 2010 at 1:26 AM
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| | U.S. equity markets are trading flat to lower ahead of this morning's weekly jobless claims report. In addition, investors seem to be taking a non-committal approach in front of tomorrow's U.S. Non-Farm Payrolls Report. The Forex markets indicate that investor sentiment is shifting back toward risk aversion which could pressure equity markets today. A downside break could be led by the Dow and NASDAQ which posted closing price reversal tops yesterday. Demand for lower yielding assets is helping 
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| U.S. Dollar Higher as Risk Aversion Dominates Trade
March 5, 2010 at 1:24 AM
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| | The U.S. Dollar is up sharply against all major currencies. Traders seemed a little nervous this morning and maintained their risk adverse stance throughout the session. One of the biggest concerns for investors at this time is the continuation of the global recovery. Some feel that the sovereign debt issues in Europe are stalling the recovery. This combined with a possible loss of jobs in tomorrow's U.S. Non-Farm Payrolls Report is triggering today's flight to the relatively safer, 
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| Comprehensive FX and Futures Daily Commentary
March 5, 2010 at 12:00 AM
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| | Daily Market Commentary EUR/USD Weakens Following ECB Decision The EUR/USD is trading off of intraday highs after the ECB kept its benchmark intact and tightened some alternative liquidity measures as expected. Trichet also added that the ECB feels an IMF intervention to help Greece would be unwise. Speaking of Greece, citizens are protesting again, this time occupying a governmental financial building. Today's protests come a day after Greece announced further austerity measures to pacify 
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| USDJPY taking retrace
March 4, 2010 at 11:36 PM
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| | USDJPY: (89.04) USDJPY is looking to take some retrace towards 89.20 level and from there it might look to resume. The retracement can extend towards 89.85 level as well but the overall scenario still looks good for selling. Traders will look to sell USDJPY initially just above 89.00 level. The trade might be aimed at staying for couple of days as the dip is also not expected to be too much quick. TRADE: Sell USDJPY @ 89.20 for Profit Level @ 87.90 with Stop @ 90.20 
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| Chart of the Day – EUR/JPY
March 4, 2010 at 11:35 PM
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| | (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.) 3/04/2010 – EUR/JPY – Price action on EUR/JPY, a daily chart of which is shown, has consolidated in a sideways pattern for the last week between two key support/resistance price regions: 122.00 and 119.50, the latter level 
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| Technical Summary for Majors
March 4, 2010 at 10:37 PM
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| | EUR/USD Reverses sharply to 1.3600 area after upside failure at 1.3693 today. 1.3590 support is now at risk and potential break there is expected to weaken the structure and focus 1.3433. Res: 1.3693, 1.3711, 1.3735, 1.3790 Sup: 1.3591, 1.3581, 1.3513, 1.3460 GBP/USD Correction off 1.4780 may be reaching completion, if 1.5130, yesterday's high, caps. Otherwise, stronger correction higher would be likely scenario, to focus 1.5315/45. Failure under 1.5130, however, would signal double top, ahead 
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| Stocks Trading Mixed Ahead of Weekly Jobless Claims
March 4, 2010 at 9:37 PM
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| | U.S. equity markets are trading flat to lower ahead of this morning's weekly jobless claims report. In addition, investors seem to be taking a non-committal approach in front of tomorrow's U.S. Non-Farm Payrolls Report. The Forex markets indicate that investor sentiment is shifting back toward risk aversion which could pressure equity markets today. A downside break could be led by the Dow and NASDAQ which posted closing price reversal tops yesterday. Demand for lower yielding assets is 
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| U.S. Dollar Gains on Investor Sentiment Shift
March 4, 2010 at 9:33 PM
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| | The U.S. Dollar is up against most major currencies as investors have shifted back toward risk aversion. Demand for lower risk is helping to boost the Japanese Yen while oversold conditions are helping the British Pound. This morning the European Central Bank is expected to announce that interest rates will remain at 1.0%. Concerns over sovereign debt issues in the Euro Zone mean that fiscal austerity will be the new buzz phrase as almost every member of the European Union will be 
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| Currency Majors Technical Perspective
March 4, 2010 at 9:27 PM
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| | EUR/USD Current price: 1.3670 Losing momentum after Trichet comments, pair has a slightly bearish perspective coming from hourly charts. Capped by 20 SMA attempting to turn lower, and with momentum retreating from the 100 line, break under 1.3630 should trigger further falls in the pair, boosted by better than expected unemployment data in the US and ahead of tomorrow's Payrolls; failure to hold above the 1.3700 area tested yesterday, also support the bias. Support levels: 1.3630 1.3580 1.3530 
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| FX Thoughts for the Day
March 4, 2010 at 7:46 PM
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| | FX Thoughts for the day : 04-Mar-2010 - 1240 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 @ 1.0696/99...Buy dips R: 1.0729-42 / 1.0754-75 / 1.0829 S: 1.0650 / 
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| Crude Oil Daily Technical Outlook
March 4, 2010 at 5:51 PM
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| | Nymex Crude Oil (CL) Crude oil edges higher to 81.23 but upside momentum remains a bit unconvincing. Nevertheless, in any case, further rise is still in favor as long as 77.05 support holds. Current rise from 69.50 might continue for a retest on 83.95 high next. On the downside, though, break of 77.05 will argue that rebound from 69.50 is completed. In such case, focus will be shifted back to 69.50 support instead. In the bigger picture, crude oil was supported above mentioned 68.59 key 
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| Technical Summary for Majors
March 4, 2010 at 5:15 PM
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| | EUR/USD Remains positive off 1.3433, yearly low, with yesterday's break above 1.3681/90 upper range limit, extending gains to 1.3735. Focus is now on 1.3790 and 1.3838 on a break. Downside, 1.3590 expected to contain dips, and possible break there to expose 1.3433 instead. Res: 1.3711, 1.3735, 1.3790, 1.3838 Sup: 1.3625, 1.3591, 1.3581, 1.3513 GBP/USD Correction off 1.4780 may be reaching completion, if 1.5130, yesterday's high, caps. Otherwise, stronger correction higher would be 
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| EURJPY vs. S&P 500 futures, the correlation has a bit off last months
March 4, 2010 at 5:09 PM
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| | Market Comment S&P 500 futures came within striking distance of the 1128 key resistance level (high of 1125) that we have outlined for many days as the key level for this latest rally. It closed materially off the high, which signal selling pressure, so it will be interesting to see how the market trades over the next few days as the 1125 reached today could be a near term top. The Greece debt story continues to be in focus and Greece came out this morning confirming they have passed 
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| Forex Technical Analysis on Majors
March 4, 2010 at 4:41 PM
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| | EUR/USD Current level-1.3651 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 break above 1.3690 confirmed, that a "triple bottom" reversal formation is in place, targeting 1.3850 and 1.3940. This time however we are not going to pay attention to that pattern, because the oscillators on the daily chart are no longer in the 
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| The NZD lost and reached 1.3080 versus the AUD
March 4, 2010 at 4:37 PM
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| | Good morning from sunny Hamburg and welcome to our FX Report. Today we expect a lot of interesting economic data. For example the U.S. Jobless Claims. Anyway, have much success in trading today. Market review The USD traded near a two week low versus the EUR and reached 1.3703 on easing concerns that the European Union`s biggest budget gap will derail a regional recovery after Greece announced tax increases and deeper spending cuts. Furthermore the JPY traded near its highest level against the 
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| Hanging Tough.....
March 4, 2010 at 4:29 PM
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| | This market is really trying to hang tough and hold S&P 500 1115. It's not bad if it falls below by a few points as the oscillators unwind from overbought, but that level held on today's lows as things finally started to pull back off their highs. As soon as it hit at 1115 buyers came in showing you what the bulls think of staying above this level just captured yesterday for the first time off the recent lows. Good solid action for sure by the bulls, but if you study the 60-minute charts 
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| EUR/GBP, USD/CAD, GBP/JPY Technicals
March 4, 2010 at 4:21 PM
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| | EUR/GBP EUR/GBP March 4, 2010 Current level-0,9076 1 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 hourly chart shown above is showing a continuation pattern that needs resolution. Still the pair is trading above the 50 MA support, the triangle favors the upside so watch out for the break. 
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| Financial Trend Analysis Strategy: Long EURUSD
March 4, 2010 at 3:41 PM
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| | 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 
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| Good News from Greece Drives the USD Down
March 4, 2010 at 3:24 PM
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| | Daily Review 4/3/2010 USD Dollar (USD) – The Dollar weakened versus all 16 majors after Greece's budget package was announced and the Fed released a bearish outlook for the economic recovery. ADP Non Farm Employment Change came out worse with -20K versus -15K expected. ISM Non Manufacturing PMI came out stronger with 53 versus 51 expected. NASDAQ and Dow Jones finished almost flat after trading in new one month highs led by the materials sector. The gains in stocks weren't able to sustain as 
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| Sideway Trading in Euro Continues
March 4, 2010 at 2:52 PM
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| | EUR Opened and held sort positions have had a positive result in attainment of minimal anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by low level of bullish 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 close 1,3620/40 supports, where it is recommended to 
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| EURUSD showed first bulls recovery signs
March 4, 2010 at 2:44 PM
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| | Breakout at resistance level of 1.3646 occurred. While candles remain above resistance, possible bulls recovery can be initiated. However, despite this bulls action, waiting action still holds and bears are in better position. At the moment low trading range should be formed near resistance barrier in order to confirm bulls strength. 
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| EUR: Attempt longs at 1.3662/1.3600
March 4, 2010 at 2:16 PM
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| | EUR Comment: A daily close above the top of the downward-sloping 'wedge' formation but below the 26-day moving average yesterday, as the Euro. We continue to watch for clearer signs of forming an interim low in the daily and weekly charts. Strategy: Attempt longs at 1.3662/1.3600; stop below 1.3400. Add to longs on a sustained break above 1.3750 for 1.3800/1.3840. EUR/JPY Comment: Failing to bounce from recent lows against most currencies, though GBP/JPY and NZD/JPY have. We shall give it 
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| Currency Majors Technical Analysis
March 4, 2010 at 1:37 PM
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| | EUR/USD - Euro / US Dollar Entry : 1.367 Stop : 1.372 Resistances : 1.385 - 1.379 - 1.3735 Supports : 1.343 - 1.345 - 1.3595 GBP/JPY - British Pound / Yen Entry : 132.9 Stop : 133.6 Resistances : 135.6 - 134 - 133.25 Supports : 131 - 132 - 132.45 GBP/USD - British Pound / US Dollar Entry : 1.506 Stop : 1.515 Resistances : 1.5575 - 1.533 - 1.513 Supports : 1.4785 - 1.486 - 1.502 USD/CAD - US Dollar / Canadian Dollar Entry : 1.032 Stop : 1.035 Resistances : 1.0445 - 1.0365 - 1.0325 Supports : 
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| EUR/USD: (1.3673) Rebound retested 1.3693
March 4, 2010 at 1:35 PM
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| | Retested 1.3443 and scored a minor new year low, with pair currently back in the daily channel off Dec high (bottom at 1.3416 today), with 1.3693 having been retested: Support area at 1.3663 (break-up hourly), with next levels at 1.3611/ .3605 (daily envelope bottom + daily Short Term Moving Average↑/ daily Medium Term Moving Average↑), ahead of 1.3584 (break-up hourly), where pause favored. If wrong, next levels at 1.3514 (reaction low hourly), ahead of 1.3479 (daily Bollinger bottom) and 
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| Daily Forex and Dow Jones Recommended Levels
March 4, 2010 at 1:33 PM
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| | 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 
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| EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
March 4, 2010 at 1:32 PM
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| | 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 
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