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For this video I concentrate on the Pound USD. Take a longer term view then try to boil…Continue
Added by FX BOOTCAMP on August 31, 2011 at 11:17pm — No Comments
Added by 2ndSkiesForex on August 31, 2011 at 9:00pm — No Comments
Added by Raghee Horner on August 31, 2011 at 8:56pm — No Comments
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Added by FX BOOTCAMP on August 31, 2011 at 7:06pm — No Comments
The EURUSD is testing the key 100 day MA at the 1.4364 level. The last 7 trading days has not had a close below this MA level. A close below the level today would be bearish from a technical perspective and should lead to further downside pressure. The price is also below the midpoint of the move down from the May 2011 high to the low reached in July 2011. That…Continue
Added by Greg Michalowski on August 31, 2011 at 6:49pm — No Comments
The USDCHF is back down and looking to test the 0.7992 to 0.8000 support once again (SEE PRIOR POST).
The pair moved sharply lower in the London session, found support at the 200 hour MA (green line in the chart above) and rallied in…Continue
Added by Greg Michalowski on August 31, 2011 at 5:47pm — No Comments
When all the other majors and commodity pairs make range bound swings,USD/CHF and CHF crosses have done extended moves for 2 sessions.The third session may show reversal moves.
Inorder to gain aggressively more levels the extended drop is made now - like the bouncing ball.When all turn long in USD/CHF and CHFcrosses the players have acted againt the traders now ,even though the upward directional rise they intend to make during US session and…Continue
Added by Francesc Riverola on August 31, 2011 at 1:15pm — No Comments
Currently @ 1.6307. The cross bounced again on the support @ 1.6266. We are still in a well structured down trend so looking for a bounce only to the trend line. The target is the 1.6368 which is the .500 fibo. The upper target today is the s5 @ 1.691. If we get a break down look for 1.6221.…Continue
Added by Scott Barkley on August 31, 2011 at 1:06pm — No Comments
Euro dollar is stuck in range, drifting between hopes for QE3 in the US and worries about the European debt crisis. As summer ends, volume and volatility are expected to pick up. We have important US data later on.
Here’s a quick update on technicals, fundamentals and what’s going on in the markets.
Added by Yohay Elam on August 31, 2011 at 12:10pm — No Comments
Gold and silver rallied yesterday and thus erased the moderate price falls they have recorded on Monday. The US consumer confidence report seems to have had little effect on bullion market. On the other hand, the FOMC minutes revealed some insight and rekindled the speculation around a new stimulus plan by the Fed. Today, there are many reports to be published including: the Euro Area rate of unemployment, annual inflation, Canadian GDP, ADP estimate of US change in non-farm employment…Continue
Added by Lior Cohen on August 31, 2011 at 12:03pm — No Comments
Oil prices continue their rally and keep on erasing loses they have had during the first week of August. The rising indexes in US stock markets including S&P500 indexes are probably helped pulling up crude oil prices. Today, there are many reports to be published including: The US oil report, the Euro Area rate of unemployment, annual inflation, Canadian GDP, ADP estimate of US change in non-farm employment and China's Manufacturing PMI.
Added by Lior Cohen on August 31, 2011 at 12:00pm — No Comments
Added by 2ndSkiesForex on August 31, 2011 at 11:38am — No Comments
EURO and GBP are making middle level swings to make further slide during the day.
USD/CHF is also making the contrarian move of dip to rise above initial high during the day.USD/YEN may make a sudden drop and rise moves during the day.
Japanese session swing and firm up move were seen.Early session gain and then slide may be seen during European session.Swing and drop moves may be seen during US session.
AUD may to handle its crosses during EURO and GBP slide.Later AUD…Continue
As for today I think GBP will make some fluctuations between 1.6280- 1.6350 and after that it will continue
the way to 1.6200. Also it possible as variant GBP will go to 1.6200 without any false fluctuations.
Added by Bob Farel on August 31, 2011 at 5:30am — No Comments
Let's take a look at the USD/JPY.
In the shorter term, there is still more potential room for downward movement. However, once the downward movement is complete, look for a potential move back up to test the 78.00 price point.
We did show more bullish movement in the longer term in our Forex Street technical analysis, however, we're stuck in this sideways channel and we'll maybe see a break in the next week or so - perhaps with NFP.
Added by Ross Yamashita on August 31, 2011 at 4:04am — No Comments
Added by 2ndSkiesForex on August 30, 2011 at 10:58pm — No Comments
Currently @ 1.0650. The cross has made a valiant effort to keep it’s head up in spite of divergence being in this cross. We are staying bullish – for now. The target is the 1.0778 which is the 1.270 fib extension. The upper target is the R7 @ 1.0928. If divergence eventually wins then look for the cross to retrace to the 1.0538 R6 area (.382 Fibo).…Continue
Added by Scott Barkley on August 30, 2011 at 1:05pm — No Comments
Gold and silver started off the week with moderate falls as the US Treasury bill yields fell and the S&P500 index inclined. Today, the U.S. consumer confidence report will be published and the minutes of the last FOMC meeting.
Gold and silver started the…Continue
Added by Lior Cohen on August 30, 2011 at 11:18am — No Comments
Added by Raghee Horner on August 30, 2011 at 11:06am — No Comments