3/9 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 Daily Forex and Dow Jones Recommended Levels March 9, 2010 at 11:00 AM 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   GBPUSD breaks below 1.4992 key support March 9, 2010 at 10:58 AM GBPUSD breaks below 1.4992 key support, suggesting that a short term cycle top has been formed at 1.5195 level on 4-hour chart. Deeper decline towards 1.4784 previous low is expected later today, a breakdown below this level will indicate that the downtrend from 1.6456 (Jan 19 high) has resumed, then another fall to 1.4500 area could be seen to follow. Resistance is now at 1.5195, only rise above this level will indicate that the fall from 1.6456 has completed at 1.4784 already.   Dollar crosses March 9, 2010 at 8:56 AM    I will start this week looking at some dollar crosses. The EUR/USD and GBP/USD started bearish within the context of a rising consolidation channel. The declines in both pairs are being tested and may stay narrow until the beginning of the Asian session near 7:00PM EST. The USD/JPY starts this week undecided. But that's okay, the narrow ranging action paves way for a breakout. Finally the USD/CAD pair is nearing a significant low near 1.0250 then 1.02. Price action has slowed and   Currency Majors Technical Perspective March 9, 2010 at 6:53 AM EUR/USD Current price: 1.3626 Little change from past Asian session opening level, pair has remained pressured as Greece issues are being also suffered in Portugal where the government plans to cut budget deficit to 2.8% of GDP in 2013 from 8.3% in 2010, also drafting an austerity plan.  Any recovery for the Euro likely to be limited given the euro-zone recovery chances continue to be quite limited. Hourly charts show pair trading under 1.3640 resistance area, approaching to key 1.3600   Stocks Rally after Dollar Gives Back Mid-Session Gains March 9, 2010 at 6:44 AM U.S. stock indices treaded water all morning following an overnight rally that was prompted by greater demand for higher risk assets. At the mid-session, the Dollar mounted a slight recovery but was not able to hold unto gains into the close. This helped boost equity prices late in the trading session, but the market still remained in a tight range.   June Treasury Bonds posted a comeback near the mid-session after breaking to near a 50% level at 116'04 earlier in the session. T-Bonds   Dollar Trades Flat after Mid-Session Euro Sell-off March 9, 2010 at 6:41 AM The U.S. Dollar had a choppy, directionless day. The lack of event risk was likely the main reason for this as well as the easing of the Greek fiscal crisis. Trading could continue in a similar manner over the next few days because the first major report, Weekly Jobless Claims, is not due out until Thursday. This will be followed by the Retail Sales Report on Friday.   The Greenback started the New York session under pressure against most major currencies except the Japanese Yen. Trading   Chart of the Day – GBP/USD March 8, 2010 at 11:06 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.) 3/08/2010 – GBP/USD – Price action on GBP/USD, a daily chart of which is shown, has made a bullish correction since the beginning of March after having dipped well below the key 1.5000 psychological level on March 1st. This bullish   Technical Summary for Majors March 8, 2010 at 10:23 PM EUR/USD Remains well supported, following last Friday's lower rejection at 1.3529. Market tested 1.3700 today, ahead of key 1.3735 resistance. However, market continues to trade within 1.3433/1.3735 consolidation range. Correction reached 1.3625 today, though, risk of failure under 1.3700 persists, seeing scope for lower top, ahead of decline, and under 1.3625 to focus 1.3529. Res: 1.3690, 1.3703, 1.3735, 1.3789 Sup: 1.3625, 1.3590, 1.3550, 1.3529 GBP/USD Continues to trend higher off 1.4780,   Currency Majors Technical Perspective March 8, 2010 at 9:39 PM EUR/USD Current price: 1.3667 Despite hourly indicators seem to be losing bullish momentum, pair remains comfortable above bullish 20 SMA, and attempting to test daily highs just above 1.3710. If manages to hold the area, more upside could be seen during next US session, with 1.3740 as immediate resistance level to watch. 1.3660 now has turned to be first support level to consider. Support levels: 1.3660 1.3630 1.3600 ¨ Resistance levels: 1.3710 1.3740 1.3785 GBP/USD Current price: 1.5164   U.S. Stocks Firm; Risk Appetite Up in Asia March 8, 2010 at 9:25 PM U.S. equity markets are expected to open better this morning due to a pick-up in demand for higher yielding assets. Investors are also feeling more confident in the long side following last Friday's better than expected Non-Farm Payrolls Report. The lack of fresh major economic news until at least Thursday could keep the indices on course for further upside action. The daily March E-mini S&P 500 chart indicates the possibility of a rally to 1156.00 by March 12th.   June Treasury Bonds   Euro Gains Overnight; Risk Appetite Weakens U.S. Dollar March 8, 2010 at 9:23 PM The U.S. Dollar is under pressure overnight against most major currencies except the Japanese Yen. Trading has been light and less volatile than last week's trading conditions. Shortly before the New York session opening, the Dollar is mounting a slight comeback and trading off its lows against a few of its majors.   The lack of event risk is likely to make the movement of the Dollar the catalyst and market direction driver this week. The first major report is Thursday's Weekly Jobless   Currency Majors Technical Analysis March 8, 2010 at 8:16 PM EUR/USD - Euro / US Dollar Entry : 1.3665 Stop : 1.3615 Resistances : 1.38 - 1.374 - 1.3705 Supports : 1.3435 - 1.353 - 1.364 USD/CAD - US Dollar / Canadian Dollar Entry : 1.026 Stop : 1.029 Resistances : 1.0335 - 1.031 - 1.029 Supports : 1.02 - 1.023 - 1.026 USD/CHF - US Dollar / Swiss Franc Entry : 1.0705 Stop : 1.074 Resistances : 1.089 - 1.081 - 1.073 Supports : 1.05 - 1.061 - 1.0675 EUR/JPY - Euro / Yen Entry : 123.45 Stop : 122.75 Resistances : 127 - 125.3 - 123.9 Supports : 120.35 -   FX Thoughts for the Day March 8, 2010 at 7:47 PM FX Thoughts for the day : 08-Mar-2010 - 1246 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 @ 1.0715...Buy dips R: 1.0727-53 / 1.0767-81 / 1.0854 S: 1.0680 / 1.0647-37 /   GBPJPY: Recovery To Target 139.23/138.22 Levels March 8, 2010 at 6:48 PM HIGHLIGHTS: GBPJPY: Recovery To Target 139.23/138.22 Levels - Having declined through the 139.23 level, its Nov 26'09 low and the 138.22 level, its Feb 04'10 low to resume GBPJPY GBPJPY: Recovery To Target 139.23/138.22 Levels. GBPJPY -  Having declined through the 139.23 level, its Nov 26'09 low and the 138.22 level, its Feb 04'10 low to resume its medium term downtrend initiated from 163.06(2009 high), GBPJPY is set to retest those levels on a corrective recovery journey after putting   Weekly Technical Commentary March 8, 2010 at 6:02 PM USD/JPY Chart Levels: Support 90.00..89.45..89.00..88.00. Resistance 91.00..92.25..92.55..93.25. Likely to remain trapped between 'channel' resistance and pivotal support at 88.00 for the rest of this month. Random moves will probably become ever smaller, fading ahead of targets, as the yen looks for intermediate and long term direction. Note that the Lagging Span encounters resistance from the candles starting this week, so we feel that repeated downside testing is more likely than probing   The EUR/USD gained for a second day as well March 8, 2010 at 5:27 PM Good morning from snowy Hamburg. The repeatedly experience of cold and snowy weather this weekend has broken all hopes for a coming springtime in Germany. Anyway, we hope you had a great weekend and wish you a successful trading week. Market review The EUR gained against the USD and JPY as expectations climbed that the EU will support Greece. The EUR gained for a second day against the JPY after French President Nicolas Sarkozy said that the Euro region is ready to rescue Greece. The European   Running Higher..... March 8, 2010 at 4:45 PM What other expression fits this market but that. We gapped up this morning on a much better than expected employment report. Far less jobs lost than expected, even with the bad weather. This gave some decent futures a bigger bump up and off we ran. First we saw the bears fight some giving the indexes an early black candles but it didn't last long as the bulls took over. The Nasdaq out performed all day but the other major indexes did quite well on their own. When beta leads it's good news for   Forex Technical Analysis on Majors March 8, 2010 at 4:33 PM EUR/USD  Current level-1.3688 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.    With the recent break above 1.3634 and 1.3690 the positive bias has been renewed and we favor a break beyond 1.3736 to target 1.3850 major resistance. However, an intraday swing is possible to test 1.3612-29 area before breaking upwards.   Technical Summary for Majors March 8, 2010 at 4:15 PM EUR/USD Remains well supported, following last Friday's lower rejection at 1.3529. Market tested 1.3700 today, ahead of key 1.3735 resistance. However, market continues to trade within 1.3433/1.3735 consolidation range. Overbought conditions now see scope for correction, with 1.3625 offering initial support, ahead of 1.3529, loss of which weakens near-term outlook. Early lower rejection, however, returns 1.3700/25 test in focus. Res: 1.3703, 1.3711, 1.3735, 1.3789 Sup: 1.3625, 1.3590, 1.3550,   EUR/GBP, USD/CAD, GBP/JPY Technicals March 8, 2010 at 4:14 PM EUR/GBP March 8, 2010 Current level-0.9003 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 retrace extension was well bid above 0.8980, but shorter timeframes suggests a further dip before resuming the uptrend. Focus on 0.8950 - 0.8900 support.   Today's Trading Signals March 8, 2010 at 3:41 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   CRUDE OIL: Resumes Upside Offensive March 8, 2010 at 3:28 PM HIGHLIGHTS: CRUDE OIL(futures): The commodity reversed its Thursday losses and resumed its nearer term uptrend started off the 69.69 level to print a high of 82.03 on Friday... CRUDE OIL CRUDE OIL: Resumes Upside Offensive CRUDE OIL(futures) - The commodity reversed its Thursday losses and resumed its nearer term uptrend started off the 69.69 level to print a high of 82.03 on Friday. This development has left the commodity eyeing its 2010 high at 83.93 where a break will trigger the resumption   Balance between Bulls and Bears in Euro March 8, 2010 at 3:18 PM EUR The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of bullish reversal sign by strengthening of bullish party activity, suggests preference of buying positions in planning trading operations for today. Hence, we can assume probability of rate return to close border of Ichimoku cloud at 1,3630/50 levels, where it is recommended to evaluate the development of the   EURUSD, GBPUSD & USDJPY Support & Resistance Analysis March 8, 2010 at 3:04 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   EURUSD has jumped above resistance March 8, 2010 at 2:39 PM Bulls recovered from support level back to resistance barrier once again. Despite the recent recovery, neutral situation holds for this pair. Just above resistance level at 1.3795 – strong positive trend can be initiated. At current situation, bulls have more confidence and short term buying options are possible now.   Commodities Gain March 8, 2010 at 2:34 PM Daily Review 8/3/2010 USD Dollar (USD) – The Dollar weakened versus most majors and gained versus the Yen after a smaller than expected decline in Nonfarm Payrolls left investors optimistic. Non Farm Payrolls showed a decrease of -36K versus -40K forecast and Unemployment Rate remained at 9.7%, better than 9.8% expected. NASDAQ and Dow Jones gained by 1.48% and 1.17% respectively, led by financial stocks. Crude Oil gained by 1.61% closing at 81.50$ a barrel. Gold (XAU) gained by 0.19% closing   EUR: Attempt small longs at 1.3675 March 8, 2010 at 2:34 PM EUR Comment: A third successive 'spike low' on the weekly chart, closes still inside the weekly 'cloud', weekly ranges between the 50% and 61% Fibonacci retracement support. The Euro is still oversold and almost record open interest suggests this is still probably an 'overcrowded trade'. We continue to watch for signs of forming an important long term interim low. Strategy: Attempt small longs at 1.3675, adding to 1.3570; stop below 1.3400. Add to longs on a sustained break above 1.3750 for   Currency Majors Technical Perspective March 8, 2010 at 2:06 PM EURUSD Current price: 1.3672   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