Danske Bank - "USD/CHF – Pressure increasing on .9513 for .9609 and possibly .9748
• Strategy Summary – Look to buy into dips for further strength to .9609 and possibly .9748. Suggest placing a stop under .9232.
NYMEX Crude (Apr 13) – Near-term scope to 94.46 before bears resume
• Strategy Summary – Sell near-term strength towards 93.44 for a bearish resumption targeting 89.33, possibly 87.04. Place a protective stop above 94.46."
Added by Francesc Riverola on March 11, 2013 at 10:34am — No Comments
Added by Metaneural Trading Systems on March 11, 2013 at 10:00am — No Comments
Despite a deep pull-back on oil the larger trend remains down as recovery appears to be only in three waves, which ideally represents a black wave 4 that is part of a larger downtrend. As such, traders should be aware of a bearish reversal in this week, possibly from around 92.50 where we can see a very typical 38.2% retracement level of wave 3. Break of 90.75 swing would be the first evidence for weakness in black wave 5.
Added by Gregor Horvat on March 11, 2013 at 10:00am — No Comments
Added by David Pegler on March 11, 2013 at 9:53am — No Comments
GBPUSD: Having closed lower the past week, there is risk of further downside. Support lies at the 1.4800 level where a violation will pave the way for a run at the 1.4700 level. We expect this level to hold if tested and then turn the pair higher. Further down, support comes in at the 1.4600 level. Its weekly RSI is bearish and pointing higher supporting this view. On the upside, resistance stands at the 1.5198 level followed by the 1.5291 level. Further out, resistance lies at the 1.5350…Continue
Added by fxtech on March 11, 2013 at 9:48am — No Comments
Rabobank - "The market may be able to dismiss the weekend news that Fitch has cut Italy’s sovereign credit rating to BBB+ as a ‘catch-up’ move which brings it in line with the other two major credit ratings agencies. But, it is less easy to overlook the fact that two weeks after the elections Italy is no closer to forming a new workable government. News over the weekend that the 5-Star party is ready to outline to the President its aim to lead the next government is unlikely to be accepted…Continue
Added by Francesc Riverola on March 11, 2013 at 9:48am — No Comments
Added by 50Pips on March 11, 2013 at 8:08am — No Comments
Added by Muthusamy on March 11, 2013 at 6:01am — No Comments
EUR desperately is trying to find direction as is reached 1.3000 level. From one side we have some better recovery in the USA, but still with a fiscal cliff threat, and from the other side we have a spreading debt crisis in Europe and continuous active financial policy of the ECB with a no rate cut promise of its chairman. So in this situaton is very difficult to make a forecast only on fundamentals. Let's take a techical look. This week is the best chance to break lower if not today then in…Continue
This week one of the Trade setups that we have for you is a Euro cross- EUR/CHF. This trade can be held for a few days or untill the condition is met.
EURCHF, has been on bullish run and currently tested intermediate strength resistance. Price action indicates Bulls to hold on, and we bank to ride them.
Long Entry 1(1.23715 – 1.23525)
TP 1 (1.23985) ,TP2 (1.24690), SL(1.23025)
If you decide to take this trade let us…Continue
Added by Sardar Uddin on March 11, 2013 at 5:32am — No Comments
Added by Sardar Uddin on March 11, 2013 at 1:37am — No Comments
JPY is powering for a while. One of the reasons is a fact that jpy futures are oversold and some fresh rebounce could come for a couple of hours.
I am watching eur/jpy closely.
Actually just looking for a small correction.
US bond yields are sharply low on Friday due jobs reports and i think that a reflection on this week might continue.
So, bonds could be sell off and currencies will be affected rising the price. That's…Continue
The EURUSD corrected higher a bit last Thursday and early morning of Last Friday, tested 1.3135 levels, but it failed to hold and declined strongly below 1.3000 levels, reached 1.2954 levels.
Now, let’s take a look to the 4 hour chart, we have 2 strong signs of possible bottoming, so be careful with shorts this week, both of MACD and RSI are diverging the price positively, so we need to keep an eye on the pair this week, If the pair declines below 1.2954 towards 1.2900/1.2800 levels…Continue
Added by Francesc Riverola on March 10, 2013 at 10:03pm — No Comments
Added by HectorFXtrader on March 10, 2013 at 8:40pm — No Comments
The current political impasse in Italy following the inconclusive results of the Parliamentary elections may extend over the coming weeks before any meaningful resolution takes place, says Deutsche Bank in a note to clients.
"We remain cognizant of potential event risk from Italian politics," DB adds.…Continue
Added by Ron Schelling on March 10, 2013 at 7:54pm — No Comments
GOLD: While GOLD may have traded flat the past week, it continues to look weak and vulnerable. This suggests further downside towards the 1,554 level. A violation will pave the way for a run at the 1,530.00 level with a breach aiming at the 1,500.00 level, its psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,478.05 level. On the upside, resistance resides at the 1,600.00 level and then the 1,669 level where a break…Continue
Added by fxtech on March 10, 2013 at 7:07pm — No Comments
Here is my EUR/USD 4 hour chart...
For the last month we have seen some downtrend movement in the pair and in the last week or so some erratic behavior driven by fundamentals!
As you can see from the chart we have spiked through the 1.3000 level a few times and bounced back into the…Continue