Archive for the 'Technical Analysis Reports' Category

Forex Weekly Technical Perspective: Medium and Longer Term Chart Analysis July 21, 08

Monday, July 21st, 2008

Click on the link below for an analysis of the Techinical Charts for the EURUSD, GBPUSD, USDJPY and USDCHF on a longer and medium term perspective. This analysis deals with the market conditions at and after July 21, 2008
CLICK HERE FOR THE FXDD TECHNICAL ANALYSIS (PDF Format)

Euro SSI Points To Further Loses For A Third Straight Week

Friday, May 9th, 2008

Euro SSI Points To Further Loses For A Third Straight Week

EURUSD - Euro SSI Points To Further Loses For A Third Straight Week
GBPUSD - Positioning Flips As GBPUSD Looks For Direction On A Break Of 1.96
USDJPY - Traders Split On USDJPY As Pair Consolidates
USDCHF - USDCHF SSI Cooling But Still A […]

The pound is poised to “take a pounding” by the dollar once again!

Saturday, March 22nd, 2008

 
Here is a very interesting post by Mr. Sean Hyman that you should all read! Visit his site for more insightful posting such as these:
The Bank of England just released its minutes earlier this morning. Now there’s some economists shifting gears. They think that the Bank could cut rates as soon as the April 9/10th […]

Daily Market Comment - 11 January 2008

Friday, January 11th, 2008

Daily Market Comment

EUR-USD
1.4804. Current rise seems to be over near 1.4809 or 1.4865 for a retracement towards 1.4753 - 1.4723 area.
USD-CHF
1.1035. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.0996 or 1.0969. Major support is clustered around 1.0927 limit.
USD-JPY
109.33. While above 109.22 - 108.93 zone a corrective dip could test 109.51 or 109.72 or 109.92. After which it should resume his downtrend.
GBP-USD
1.9615. It should test 1.9633 area after which a sell off down to 1.9547 or extended to 1.9479 area is expected.
EUR-CHF
1.6334. It is likely to fall towards 1.6241 unless a corrective rally breaks the 1.6359 resistance. Stop above 1.6382 zone.
EUR-JPY
161.87. Current rise seems to be over near 162.03 or 162.52 for a retracement towards 161.55 - 161.23 area.
EUR-GBP
0.7548. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7587 or 0.7628 if support around 0.7526 hold. After which a pullback to 0.7526 - 0.7506 zone is possible.
AUD-USD
0.8954. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9028 or 0.9079 if support around 0.8914 hold. After which a pullback to 0.8914 - 0.8883 zone is possible.
USD-CAD
1.0102. Strength can extend to 1.0127 or even higher than 1.0151 as declines are expected to find support at 1.0077 or 1.0052. Stop Loss below 1.0003 zone.

Daily Market Comment - 10 January 2008

Thursday, January 10th, 2008
EUR-USD
1.4659. There is bearish potential for a fall to 1.4618 or 1.4576 while 1.4701 - 1.4722 resist. After this fall a recovery up to 1.4701 or 1.4722 is expected.
USD-CHF
1.1166. It should be subject to more sell off towards 1.1123 or 1.1081. Corrective upward swings should face resistance around 1.1221 area. A break of 1.12025 is bullish.
USD-JPY
110.03. Uptrend is still intact in a triangle configuration. It should continue to rally to 110.2 or 110.98 if support around 109.65 hold. After which a pullback to 109.65 - 109.41 zone is possible.
GBP-USD
1.9585. Market should meet resistance at 1.9634. We expect then an extended move down to 1.9559 -1.9438 area.
EUR-CHF
1.6368. It may attempt a test higher to 1.6386 after which weakness may set it to a drift down to below 1.6331 limit.
EUR-JPY
161.31. Uptrend is still intact in a triangle configuration. It should continue to rally to 161.72 or 162.62 if support around 160.99 hold. After which a pullback to 160.99 - 160.66 zone is possible.
EUR-GBP
0.7484. Current upmove should continue up to 0.7509 or 0.7534. Any correction should find support in 0.7478 - 0.7466 zone.
AUD-USD
0.8830. One move lower to 0.879 or 0.8751 is anticipated while below 0.8845 - 0.8864 area. Stop loss above 0.8899 zone.
USD-CAD
1.0101. A corrective/consolidation activity between 1.0039 and 1.0186 is likely for a while.

Previous >

Daily Market Comment - 09 January 2008

Wednesday, January 9th, 2008

Daily Market Comment


EUR-USD
1.4707. N/A
USD-CHF
1.1125. There are initial signs of a good corrective recovery towards 1.1158 or even 1.1171. Supports at 1.1122 and 1.1099 zone.
USD-JPY
108.90. Preferred view is for a fall to below 108.56 while 108.9 - 109.2 area resists. A clear break of 109.53 would be bullish.
GBP-USD
1.9731. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.9828 or under 1.9665 limits.
EUR-CHF
1.6362. There are initial signs of a good corrective recovery towards 1.6407 or even 1.6423. Supports at 1.6359 and 1.6328 zone.
EUR-JPY
160.14. There are initial signs of a good corrective recovery towards 160.83 or even 161.06. Supports at 160.13 and 159.66 zone.
EUR-GBP
0.7454. Market should hold major support at 0.7410 before rising towards 0.7473 or even 0.7492 limit.
AUD-USD
0.8786. Strength can extend to 0.8813 or even higher than 0.8849 as declines are expected to find support at 0.8745 or 0.8714. A fall below 0.8641 could turn it bearish.
USD-CAD
1.0064. It should be subject to more sell off towards 0.9994 or 0.9925. Corrective upward swings should face resistance around 1.0149 area. A break of 1.0126 is bullish.

Forex Calendar - 09 January 2008

Wednesday, January 9th, 2008



Forex Calendar
(GMT -5) Eastern Time (US & Canada)

Wed

Jan 9

2:00am EUR Low Impact Expected
German Trade Balance
17.5B
18.7B

2:00am EUR Low Impact Expected
German Retail Sales m/m
1.0%
-2.3%

2:45am EUR Low Impact Expected
French Trade Balance
-3.6B
-3.6B

5:00am EUR Low Impact Expected
GDP q/q (r)
0.7%
0.7%

5:30am GBP Low Impact Expected
BRC Shop Price Index y/y
1.1%

6:00am EUR Low Impact Expected
German Industrial Production m/m
0.3%
-0.3%

7:30am CAD Medium Impact Expected
Chief Economists Speak
8:15am CAD Medium Impact Expected
Housing Starts
220K
228K

9:30am USD Medium Impact Expected
St. Louis Fed President Poole Speaks
10:30am GBP Low Impact Expected
Leading Index m/m
0.2%

10:30am USD Low Impact Expected
Crude Oil Inventories
-4.0M

7:30pm AUD High Impact Expected
Trade Balance
-2.5B
-3.0B

From: ForexFactory

High Impact Expected High Impact
Medium Impact Expected Medium Impact
Low Impact Expected Low Impact

Daily Market Comment - 08 January 2008

Tuesday, January 8th, 2008

Daily Market Comment


EUR-USD
1.4695. Current fall is near an end of wave around 1.4641 - 1.4673 zone, a rally should then procede to above 1.4725 or 1.4747. Fall below 1.4606 would cancel this scenario.
USD-CHF
1.1164. Current rise seems to be over near 1.1178 or 1.1213 for a retracement towards 1.1142 - 1.1118 area.
USD-JPY
109.18. A correction down to 108.56 folowed buy a mouve up to 109.46 or 109.77. A break above 110.35 would accelerate this bullish move.
GBP-USD
1.9699. It should register further gains to 1.9752 while 1.965 caps downside attempts. Stop loss below 1.9601 zone.
EUR-CHF
1.6405. A corrective/consolidation activity between 1.6347 and 1.6482 is likely for a while.
EUR-JPY
160.44. N/A
EUR-GBP
0.7460. It is likely to attempt to below 0.7421 while below 0.7460 - 0.7461 area. Rise above 0.7480 would dampen this bearish expectation.
AUD-USD
0.8728. It should test 0.8751 area after which a sell off down to 0.8691 or extended to 0.8653 area is expected.
USD-CAD
1.0047. While below 1.0095 it is more likely to fall further towards 1.0009 or 0.9985. Premature rise above 1.0095 could see it rising above 1.0142 zone.