*The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
*The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will likely remain near zero until late 2014. This was despite solid economic data coming out of the US.
Learn more :
A t t a c h m e n t (1) <~~OR~~> A t t a c h m e n t (2)
USD: From its lowest levels since early December of just below 78.50, the DXY index rallied as risk sentiment turned less hospitable. Even so, the DXY index remains below its 100-dma at 78.749.
Learn more :
~~~>http://fforeman.byethost17.com/12Feb08.html
^^^ORvvv
~~~>http://iticsoftware.com/postimages2/...9/12Feb08.html
^^^ORvvv
A t t a c h m e n t
The dollar has risen versus its major currency counterparts despite a late week downside correction; this came after the heavily weighted EUR/USD currency pair rallied almost 200 pips on Thursday along with cable and other majors...[by forex-fx-4x]
Learn more :
~~~>https://docs.google.com/leaf?id=0Ahx...ut=list&num=50
^^^ORvvv
~~~>https://docs.google.com/document/pub...WipS6mND6YTepY
Market Commentary Dollar Index is just nearing resistance zone of 78.75-79.30 ranges though double dip depression in the US is still glooming resulting in most of the asset classes trading softer especially the equities, the dollar index may go sideways.
free software download
On DXY if we get a pullback next week toward 78.50-ish we'd have a very mini head and shoulders bottom that could then manage to get up through this downtrend line/resistance. If I am wrong on this I think it's that we cross the downtrend line, head toward the spike near 80 and then pullback to retest the downtrend line. Either way I continue to think the dollar moves higher for now.[By Real Money Pro]
Learn more :
~~~>https://docs.google.com/open?id=0Bxx...E1NzNmOGQ5YWI1
^^^ORvvv
~~~>http://img252.imageshack.us/img252/3377/12mar04.pdf
^^^ORvvv
A t t a c h m e n t
Heard they’re behind the sharper fall just now from around 0.8260 to recent day’s lows of 0.8235. There is talk of sell stops now poised on a break of 0.8230 ahead of more bids at 0.8200/10 and sell stops on a break down of o.8200.[ by forexlive]
Learn more :
~~~>http://img819.imageshack.us/img819/2316/12mar19.pdf
^^^ORvvv
~~~>https://docs.google.com/open?id=0Bxx...U4YjM1NTM2NjY2
^^^ORvvv
A t t a c h m e n t
Much has been said about the 'obvious' H&S formation on the Daily chart. While I recognize this, I believe that said formation is failing with late week price action for which I am continuing longing even before the dreaded 1.3300. Again, there seems to be an inverted H&S on the H4 which pits it to the bulls. Break above Friday high would be above the neckline of said inversion and we should see some bullish action there off.[By forex4noobs]
LARGE PICTURE
Learn more :
~~~>https://docs.google.com/open?id=0Bxx...k0ZjFlNzg5YzQ5
^^^ORvvv
~~~>http://img832.imageshack.us/img832/5033/12mar25.pdf
^^^ORvvv
~~~>https://docs.google.com/document/pub...d.4lkg9t4ejr1o
Over the last six months gains above 1.6000 have been limited and have attracted heavy selling. Sterling has fallen two big figures from this week’s high with the help of the QE3 postponement in the US. This weakness has caused the rate to fall back beneath the 100 day moving average at 1.5831. Strong US jobs data for March would undermine the rate further.
[by livetradingnews]
Learn more :
~~~>http://img38.imageshack.us/img38/4254/12apr09.pdf
^^^ORvvv
~~~>https://docs.google.com/open?id=0Bxx...I4NWEyZDhkODU0
^^^ORvvv
A t t a c h m e n t
AUDUSD is in consolidation mode between 1.0245 and 1.0452 after taking out falling trend line resistance set from late February. We do not see an actionable trade setup here for now and will wait for the pair to offer greater directional conviction to look for entry opportunities.27 April 2012 09:33 GMT [By dailyfx]
Learn more :
~~~>https://docs.google.com/open?id=0Bxx...IyZjg0NjFhMmJj
^^^ORvvv
~~~>http://img217.imageshack.us/img217/9731/12apr27.pdf
^^^ORvvv
A t t a c h m e n t (1) <~~OR~~> A t t a c h m e n t (2)
NZD/USD continued its free fall, but at least escaped the very steep channel. Has it found a bottom after diving so deep? NBNZ Business Confidence is the highlight of this week.
--Steep Channel Broken
--As the graph shows, the pair managed to break out of a steep downtrend channel since that accompanied it since the beginning of May. Does this signal a stabilization?
--I remain bearish on NZD/USD
--The kiwi proved to be quite vulnerable, as the worsening European mess joins another drop in Chinese manufacturing PMI. 0.7370 is the next target.[By forexcrunch]
Learn more :
~~~>https://docs.google.com/spreadsheet/...Gc&output=html
^^^ORvvv
~~~>http://img834.imageshack.us/img834/669/12may27.pdf
^^^ORvvv
A t t a c h m e n t
--USDCHF's upward movement from 0.9043 extends to as high as 0.9769. Further rise is still possible next week, and next target would be at 0.9900 area.
--Support is at 0.9500, only break below this level could signal completion of the uptrend.
--For long term analysis, USDCHF has formed a cycle bottom at 0.8931 on weekly chart. Further rise towards 1.0000 would likely be seen over next several weeks.[Written by ForexCycle]
> > Learn more! < <
See also:
~~~>https://docs.google.com/open?id=0B9c...Gx6dktXRl8tTm8
^^^ORvvv
~~~>http://img213.imageshack.us/img213/5037/12jun03.pdf
--The Loonie rose after the Canadian economy created a modest but better-than-expected 7,700 jobs in May, against the market expectation of 5,000 jobs. However, unemployment rate in the nation stood unchanged at 7.3% in May. Separately, international merchandise trade deficit in Canada widened to C$0.37 billion in April, against the market expectation of C$0.18 billion trade surplus.
--In the Asian session, at GMT0300, the pair is trading at 1.0216, with the USD trading 0.54% lower from Friday’s close, as risk appetite increased following news that Spanish banking sector would be given a capital injection of up to €100 billion.
--The pair is expected to find support at 1.0163, and a fall through could take it to the next support level of 1.0110. The pair is expected to find its first resistance at 1.0312, and a rise through could take it to the next resistance level of 1.0408.
--The currency pair is trading below its 20 Hr and 50 Hr moving averages.[by gcitrading]
> > Learn more! < < || > > Learn more! < <
See also:
>>https://docs.google.com/open?id=0B9cvIxidsTjva1YyMWJfZ1dMa1k<<
>>http://img35.imageshack.us/img35/6121/12jun11.pdf<<
---Crude Oil Weekly P&F Technical Outlook.
...Crude Oil Maintains The Upside Bias.OPEC decision was so helpful for crude pushing it up to the top of the range that is expected to remain among it $80-$85, as the commodity is trading now around $84.66. But how long the upside momentum will last as the Greek elections at the door and no one knows how results will come. In fact, central bankers seem to be more mature than the market speculated before, as they stand ready to stabilize financial markets in a coordinated action to provide liquidity if the Greek elections on Sunday cause a mess in the market....[by oilngold]
> > Learn more! < <
See also:
~~~>https://docs.google.com/open?id=0B9c...2VmWU5xUk96alE
^^^ORvvv
~~~>http://img717.imageshack.us/img717/6808/12jun17.pdf
^^^ORvvv
A d d i t i o n a l l y ↑↑↑
--The USD/JPY pair shot straight up during the week as the dollar found its footing against most currencies for the week.
--The 80 handle continues to be the epicenter of resistance for our money, and has still price down.
--The level won’t be considered broken out of it until we cross and close above the 80.50 level.
--This area is a clear top to the resistance area on the daily charts.
--Because of this, we are not ready to go along yet but believe that a break of the top of this week’s candle would be an excellent buy signal.
--As for selling, we are looking to do that now. [By FX Empire Analyst]
> > Click to learn more! < <
See also ↓↓↓
~~~>https://docs.google.com/open?id=0B9c...ktmX0NlcnJWMHM
^^^ORvvv
~~~>http://img401.imageshack.us/img401/9310/12jun24.pdf
^^^ORvvv
A d d i t i o n a l l y ↑↑↑
The Dollar Index (DXY), which Intercontinental Exchange Inc. uses to track the greenback against the currencies of six major U.S. trade partners including the euro and the yen, advanced 2 percent, the most since December, to 83.285. It touched 83.431, the highest level since June 1.
==================================
Dollar Index [DXY]: This forum had the conviction to be a $ bull for the last 1 year or so when all expert commentary was bearish on the currency. The buck hasn’t disappointed by its performance either, having rallied from 73.26 in May 2011 to a close of 82.9420 last week, just under its previous high at 83.6700. Can the $ rally higher?
> > Click to learn more! < <
See also ↓↓↓
~~~>https://docs.google.com/open?id=0B9c...VFhZzFydUxfa3M
^^^ORvvv
~~~>http://img195.imageshack.us/img195/2825/12jul07.pdf
^^^ORvvv
A d d i t i o n a l l y ↑↑↑
Posting Permissions
Reply With Quote
Bookmarks