October 2012 Blog Posts (517)

BUY/SELL LEVEL 31-10-2012

EUR/USD

 

BUY  @ 1.2981 SL 1.2935  TG 1.2990-2999-3017-3045

SELL @ 1.2935 SL 1.2981  TG 1.2926-2908-2881-2855

 …

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Added by Y.R.Gajjar on October 31, 2012 at 12:54am — No Comments

Silver Forms ii Pattern, More Downside? | Oct. 30th

Silver

Liquidity and volumes were definitely lower today with most pairs and instruments playing in a tight range today.  In the process, Silver has formed back to back inside bars, or an ii pattern, and this will not go on for much longer.

Although the precious metal is trying to form a base, it has yet to show any bullish legs,…

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Added by 2ndSkiesForex on October 30, 2012 at 9:50pm — No Comments

30 Oct: TFL-TV's Afternoon Edge

Added by Rob Booker on October 30, 2012 at 8:30pm — No Comments

TD Securities - EUR/USD Techs Suggest Upside Risks

TD Securities - "EUR/USD Charts Say Consolidation Ahead of Another Push Higher  

§       Short, medium and longer-term chart patterns are all flashing the same message—the markets are consolidating ahead of another push up.…

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Added by Francesc Riverola on October 30, 2012 at 7:04pm — No Comments

Quant Funds Having Worst Month Since 2007

Starting to see more of this from the world of Skynet:

from Reuters:

Computer-driven hedge funds are headed for their worst monthly performance since the start of the credit crunch after making losing bets in dozens of markets including bonds, currencies and commodities.

Many of the funds, known as managed …

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Added by 2ndSkiesForex on October 30, 2012 at 4:30pm — 8 Comments

Capital Economics - A renewed struggle in store for risky assets

Capital Economics - "The boost to risky assets from QE3 may already be over. The prices of equities and commodities have generally fallen since mid-September. And while the ECB brought the euro-zone back from the brink in the summer with a conditional pledge to buy potentially unlimited amounts of government bonds, the Bank’s plan does not address troubled countries’ lack of competitiveness which has contributed to weak growth and excessive debt. We think tougher times lie ahead for…

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Added by Francesc Riverola on October 30, 2012 at 3:10pm — No Comments

UBS - More AUD downside still to come through

UBS - "We stay short AUDUSD as a trade recommendation from 1.0610, expecting the currency pair to fall back through parity over the coming months. Q3 CPI inflation printed higher than expected, but UBS Economics still expects the central bank to cut its cash rate by another 25bps to 3.00% at its Nov. 6 meeting. The process has been gradual, but the Australian dollar's yield advantage is slowly being eroded away and the currency has already lost some of its buoyancy."

Added by Francesc Riverola on October 30, 2012 at 2:27pm — No Comments

$ USDCHF– bounce or break?

Currently we are  @ 1.3053  after the break of the rising wedge which is bearish  for the pair.  The expected move is down to the  .382/.500 Fibo  in the  0.9332-0.9306 area.  A break here suggests a move to the R1/.786 Fibo  @ 0.9273.  A bounce would target a move back to the R3 @ 0.9364.  $ USDCHF–  bounce or break?…

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Added by Scott Barkley on October 30, 2012 at 1:25pm — No Comments

USD INDEX : THE H&S PROJECT

It is obvious that the trend off the July 24 remains down.

Eventhough the internal structure of the sharp drop is not impulsive (Hence price has not established a major top) it is evident that price will unfold at least one more large down leg unfolding a Zig Zag.

This likely outcome substantially strengthen my scenario for SPX which calls for…

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Added by ANDREA CALISSANO on October 30, 2012 at 12:23pm — No Comments

Rabobank - USD and safe haven demand

Rabobank - "There has been some talk that uncertainties connected to the Fiscal Cliff could underpin safe haven demand for the USD.  By contrast we would argue that since the USD index did not find any direction last summer as Congress debated the rise in the US debt ceiling there is no precedent for a firmer USD during a fiscal event.  In any case if the Fiscal Cliff threatens to lower growth, than speculation that the Fed will maintain its easy policy for longer argues against a firmer…

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Added by Francesc Riverola on October 30, 2012 at 11:23am — No Comments

30 Oct: Coffee & Charts on TFL-TV

Added by Rob Booker on October 30, 2012 at 10:59am — No Comments

Forex Trade Alert (Test)

This alert is for Cable and the Aussie, hope you find it helpful.  David

Added by David Pegler on October 30, 2012 at 10:36am — No Comments

ANZ - EUR/USD: Defining the range into 2013

ANZ - "The failure of mid-October rebounds to retest the 1.3150 area (38.2% of 2 years range) confirmed the “top” of an initial up-leg. This should be seen within the context of broader corrections off July’s 1.2060 low. EUR/USD should now retrace into the 1.2475 (61.8%) - 1.2740 (38.2%) area (50% at 1.2605-10) over the coming couple of weeks before forming a base and allowing for a secondary, but corrective, rebound towards the upper end of the 1.3150-1.3500 area into 2013.…

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Added by Francesc Riverola on October 30, 2012 at 10:35am — No Comments

EURUSD - Further Recovery Above 1.2880 With Eyes On 1.3040 & 1.3080 !

As shown on the 1 hour chart below , bullish breakout has been confirmed at 1.2925, a break above 1.2972 would push higher away towards 1.3040 levels , above 1.3040 will turn focus on 1.3088, above 1.3088 would threaten 1.3171 levels...

However, stability below 1.3040 could mean a return to 1.2880 levels. Alternatively; If 1.2880 fails to hold expect EURUSD to weaken further towards 1.2834/24 levels where a breach will turn focus to 1.2720 levels..…

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Added by Haitham653 on October 30, 2012 at 10:30am — 11 Comments

BNZ - US election and the USD: 5/7% Fall on Obama Win, Rise on Romney Victory

BNZ - "We have outlined our views here for the USD to continue its decline on an Obama victory and Congress being unchanged. In that we look for the USD to move down towards and then test multi-year lows with a break depending on a further ratings downgrade and EM nation reaction. Those lows are between 5% and 7% below current levels, with the exception of the DXY at 13% above its all-time low. In the case of a Romney victory and risk sell-off we’d expect the USD to rise by between 5% and 7%…

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Added by Francesc Riverola on October 30, 2012 at 10:24am — No Comments

EURGBP: Biased To The Upside Above Trendline Support.

EURGBP- Although the cross may be vulnerable to the downside on correction, as long as it trades and holds above its rising trendline support (red), a return above 0.8163 level should occur. This if seen will resume its short term uptrend towards the 0.8200 level where a violation will call for more upside towards the 0.8268 level. Conversely, support lies at the 0.8001 level with a breach of the latter targeting the 0.7950 level. Further support comes in at the 0.7890 level. A cap is likely…

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Added by fxtech on October 30, 2012 at 10:00am — No Comments

EUR/USD - Slight Gains in Thin Trading as Hurricane Sandy Pummels US

EUR/USD was marked by thin trading yesterday (October 29th), as Hurricane Sandy made landfall and slammed the US northeast coast, causing major floods and severe damage in its wake. Over in Europe, the ongoing crises in Greece and Spain continue to unnerve the markets. Media reports that a deal has been reached between the Greek government and the troika proved to be premature. In Spain, the…

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Added by Yohay Elam on October 30, 2012 at 9:47am — No Comments

UBS - AUDUSD NEUTRAL While 1.0412/43 holds, the risk is for resumption of weakness

UBS - "AUDUSD NEUTRAL Important resistance range is at 1.0412/43. While this holds, the risk is for resumption of weakness. Support lies at 1.0305 ahead of 1.0236.
USDCAD NEUTRAL The major resistance is at 1.0040 - a break above this would be positive in the near-term opening the doors to 1.0085. Support lies at 0.9973-42."

Added by Francesc Riverola on October 30, 2012 at 9:00am — No Comments

EURUSD trades the upper resistance line of the falling wedge!

 As shown on the weekly chart posted below, EURUSD trades the upper resistance line of the falling wedge pattern , that started from 1.4939 , anyway if you check the lower support line , you could notice that price action pushed the pair after bottoming at the lower support line of the falling wedge that started from 1.2970 around 1.2042, and formed bullish divergence which pushed the pair further higher towards the upper resistance line around 1.3200 levels, but this bullish bias…

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Added by Haitham653 on October 30, 2012 at 8:30am — 1 Comment

EUR/USD: Spanish and Greek Worries Weaken Appetite for Risk

Waning appetite for risk because of worries over the Euro Zone sent the Euro lower than the US dollar in the previous European trading exchanges. The Greenback on the other hand was helped by an acceleration in consumer spending, overcoming a decline in exports and business investments. Given the negative sentiment towards the single currency, the EUR/USD pair is seen to fall in today's European trades.



The appeal of the single currency continues to be dampened by the deepening…

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Added by Aviv Shapiro on October 30, 2012 at 8:26am — 1 Comment

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