Category: Forex Trading
The analysis published under this category are as follows.
Monday, June 15, 2009
EUR/USD Bigger Correction? / Currencies / Forex Trading
By: ForexPros
The pair failed to hold above the 1.4150 last week and is now heading towards the lower extent of the range. Support should be found at 1.3940, 1.3900 and beyond that 1.3800. A move beyond 1.3800 would point to a more complete correction.Read full article... Read full article...
Thursday, June 11, 2009
EUR/USD Forex Trading / Currencies / Forex Trading
By: ForexPros
The EUR rose in early trading and is currently testing the 1.4050 resistance level, which is a former support level.Read full article... Read full article...
Wednesday, June 10, 2009
EUR/USD Range Break Pending / Currencies / Forex Trading
By: ForexPros
The pair is nestled in a congestion area of old support and resistance levels. The range is currently 1.4050-1.4100. Based on average daily movements we can expect at least 90-100+ pips of movement outside of this this range.Read full article... Read full article...
Friday, June 05, 2009
USD/SGD Key Reversal Day Heralds Rebound / Currencies / Forex Trading
By: Seven_Days_Ahead
The Daily charts of the markets we follow in the FX TRADING GUIDE are littered with Key Reversal Days and Almost-Key Reversal Days from earlier this week. We’ll be looking at all of these in next week’s Guide, but here we have chosen USD/SGD as an example – rebound is on the cards.
Thursday, June 04, 2009
U.S. Dollar Rally Ahead of Today's Interest Rates Decisions / Currencies / Forex Trading
By: ForexPros
EUR/USD
With news out of the US and the EURO zone today a larger than average range is expected (150 + pips).
Wednesday, June 03, 2009
U.S. Dollar Strength Puts Euro Near Critical Support / Currencies / Forex Trading
By: Mike_Paulenoff
The darling commodity trade such as the SPDR Gold Shares (NYSE: GLD) is getting hammered today, mostly because of dollar strength. Just when the Euro looked like it was about to rocket above key resistance at 144.00, the price structure reverses in a significant way.
Wednesday, June 03, 2009
EUR/USD Continues to March, USD/JPY Swings Continue / Currencies / Forex Trading
By: ForexPros
A pair has just pulled off the highs in the early Tokyo session, but the trend is still up and the bias is still up.Read full article... Read full article...
Tuesday, June 02, 2009
EUR/USD Awaits Breakout, USD/JPY Flag Pattern / Currencies / Forex Trading
By: ForexPros
The pair has been stuck in a range through early trading, but the EUR is showing early signs of weakness.A drop below the lows of 1.4100 would confirm a swing down and would target 1.4020 and beyond this 1.3980.
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Monday, June 01, 2009
Shorting Yen vs. U.S. Dollar / Currencies / Forex Trading
By: Mike_Paulenoff
My foreign exchange work on Dollar/Yen is screaming at me to short the yen against the greenback via the ProShares UltraShort Yen ETF (NYSE: YCS) as a reflection of what should be deteriorating fundamentals in Japan (commodity procurement as oil and other commodities climb, as well as continued sluggishness in global consumption which will retard Japanese exports...as well as rising U.S. interest rates vis-a-vis Japanese rates).
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Monday, June 01, 2009
EUR/USD Continues Uptrend, USD/JPY Sideways Swings / Currencies / Forex Trading
By: ForexPros
The EUR/USD has started higher once again after bouncing off of the 1.4100 level. Resistance is currently at 1.4160. A break above this level would signal a move to 1.4220-1.4240. Beyond this there is little resistance till 1.4350.
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Wednesday, May 27, 2009
Forex Trading Briefs for EUR/USD and USD/JPY 27th May 09 / Currencies / Forex Trading
By: ForexPros
EUR/USD
The pair has pushed below former lows at 1.3950. The daily low is 1.3933 and a break below this would signal a move to 1.3900. Short term trend line support is also just above this level currently. Failure to hold would provide a target of recent swing lows at 1.3850.
Wednesday, May 27, 2009
Fading U.S. Dollar Loses Steam Against Japanese Yen / Currencies / Forex Trading
By: LiveCharts
The dollar has become so weak again that it has begun to fade even against the lowly Yen. The greenback and the Japanese currency seem to be effectively fighting for the label of least desirable currency at the moment. One dollar is currently (May 26) netting 95.40 Yen.
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Thursday, May 21, 2009
Austrailian Dollar (AUD) Trend Direction Analysis / Currencies / Forex Trading
By: INO
Today we are going down under to analyze the Australian dollar. Many traders look at the Australian dollar (AUD) and the Canadian dollar (CAD) as commodity plays. Both countries are rich in natural resources and that seems to be a key element to the recent moves in both of these currencies.
Friday, May 15, 2009
U.S. Dollar index, EURUSD and Commodities Playing Together / Currencies / Forex Trading
By: Michal_Matovcik
Problems are on the both sides of the ocean but technical picture is giving us some new info about potential break of longterm trendline. When we put it in context of breaking the longterm trendline on dollar index, we can see building bearish setup for US dollar. First the EURUSD technical picture.
Wednesday, April 22, 2009
U.S. Dollar to Weaken Due to Underlying Fundemental Weakness / Currencies / Forex Trading
By: ForexPros
The USD ends mixed today after reaching critical S/R numbers after the open and ahead of the London fix. The BOC announced a 25 BP cut in interest rates lifting the USD/CAD sharply higher as stops over the 1.2400 area fired off topping the rate at 1.2509 before cooler heads prevailed. The rate fell back as late buyers were disappointed finding sell-stops in-range bringing the rate back under the 1.2400 handle eventually making a new low on the day at 1.2324; traders now feel the rate has completed a retracement against the recent weakness and with an inverted hammer formation on the daily charts more losses are likely.
Tuesday, April 21, 2009
U.S. Dollar Immediate Term Rally Setting Scene for Sell off Into End of the Week / Currencies / Forex Trading
By: ForexPros
The USD ends the first day of the week on a high note making gains against the majors with the exception of the Yen; analysts note that the USD/JPY is holding below the monthly opening range suggesting a technical correction is finally in play.
Thursday, April 16, 2009
U.S. Dollar Continues to Top / Currencies / Forex Trading
By: ForexPros
The USD held minor gains against some pairs today but ended the day mixed as cross-spreaders took gains off the table and put the majors into near-term S/R; traders note that stops in range and US data today contributed to intraday volatility but by the end of the day the majors held key S/R putting the Greenback back on the defense through the end of the week.
Wednesday, April 15, 2009
Risk Aversion Returns as Stock Markets Fail at Resistance / Currencies / Forex Trading
By: Ashraf_Laidi
Global risk aversion gradually returns as equity indices struggle in passing the earnings test. Our oft-mentioned 860-865 target in the S&P500 denoting the +30% rally mark from the March low was tested without success, further highlighting the significance of the implications for the latest equity rally. Although the S&P500 breached above the 50 and 100-day moving averages, these moving averages stand halfway between the 200-day MA (989) and the March low (666). Read full article... Read full article...
Tuesday, April 14, 2009
U.S. Dollar Continues to Weaken / Currencies / Forex Trading
By: ForexPros
The major pairs continued to advance during New York trade as technical traders pressed thin conditions to find reported resting stops in most pairs. Initially firming up at the start of Asia the Greenback gave back early gains as the day wore on with most traders complaining of thin conditions and patchy volumes.Read full article... Read full article...
Monday, April 13, 2009
Fundamentals Still Point to U.S. Dollar Weakness / Currencies / Forex Trading
By: ForexPros
The Easter holiday weekend continues for one more day as some Asian markets were closed overnight leaving the USD unchanged-to-lower from Thursday as traders focused mainly on the crosses into the start of New York this morning. Volumes were understandable light and traders note two-way action dominated by tech factors continued. Equities were higher overnight to start this week adding a bit to risk-acceptance putting the Greenback under slight pressure but the main focus remained the crosses with Yen rising against most of the major pairs; Read full article... Read full article...