The VSA Technical Analysis Trade Assistant I use to determine for positions is available here and at the end of this post: Download
Before developing Neural Network systems for Metatrader we experimented…
Added by Metaneural Trading Systems on March 10, 2013 at 10:26am —
Bank of Tokyo-Mitsubishi - "There have always been two major negatives that have held the dollar back from advancing on a sustained basis – QE from the Fed and investor concerns over the US fiscal outlook. Recent developments make us more confident in our view that the dollar will strengthen more notably later this year. QE is already having limited impact as the ECB, BOJ and BOE actively or verbally try and counter the Fed’s loose monetary stance. Now in addition to this, we sense that the… Continue
Added by Francesc Riverola on March 10, 2013 at 9:59am —
EURUSD: EUR remains week and vulnerable to the downside with further decline likely in the new week. Support stands at the 1.2900 level followed by the 1.2882 level where a halt could occur and turn it higher. However, if this level breaks, expect further declines to occur towards the 1.2700 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, to annul its present weakness, the pair will have to return above the 1.3318 level, a very tough task at its… Continue
Added by fxtech on March 10, 2013 at 9:42am —
Looking to trade the week with a bias on USD strength.
I wll look for reasons to sell the GBPAUD, GBPUSD, EURAUD and EURUSD.
Also reasons to buy GBPJPY, GBPNZD, EURJPY, AUDJPY
And on the 4H charts could look something like:…
Added by HectorFXtrader on March 10, 2013 at 8:30am —
As shown on the monthly chart below, EURUSD is in long term consolidation after topping at 1.6038 – 2008 high, this consolidation is likely to continue for a while between 1.16400/1.6038 levels before the next move.
Let’s shift down to the weekly chart; a leg to the upside has started from 1.2042 levels, so far the pair found resistance at 1.3710 and declined to 1.3000 levels.
Note that as long as the key support – 1.2661 – holds, rebound to 1.3710 is suggested, above 1.3710… Continue
Added by Haitham653 on March 10, 2013 at 8:14am —
Forget EURO and other pairs It's UJ to look for..........................
TO begin with YEN is getting difficult to analyze on the TL's cuz of the sharp decline higher... Stealth intervention and it's hard to predict the top.. This pair needs to correct and if so, the NFP printed high or upto 96.8-ish is max it should post b4 a corrective drop down atleast…
Added by Tahir Khan on March 10, 2013 at 8:00am —
EUR/USD had an exciting week, rising on relative European stability but eventually giving in to the dollar’s strength. Will we see it climb up from the triple bottom or tumble down? Industrial production, the EU Economic Summit and ECB Monthly Bulletin are the major events this week. Here is an outlook on the main market-movers ahead.
ECB President Mario Draghi … Continue
Added by Yohay Elam on March 10, 2013 at 5:55am —
EUR 8 hr Scenario
Euro 8 hrs and currently keeping it simple and the whole layout is within the blues..
To begin with the last 2 lows into 2950's has formed a small descending TL; but more importantly the lvls of 3160ish and 2910 comes in highlighted.
A look on to the 8 hrs and description pretty much tells in what I'm seeing and expecting..…
Added by Tahir Khan on March 9, 2013 at 8:05pm —
Rabobank - "The better tone of the US dollar on the back of the strong February jobs report begs the question as to how much further upside potential the greenback has. Interestingly, despite an event packed few days there has been little net movement in EUR/USD since the start of this month. The EUR has remained remarkably sanguine in the wake of the disappointing Italian election result a couple of weeks ago and the USD index has lacked strong direction so far in March. Based on the… Continue
Added by Francesc Riverola on March 9, 2013 at 8:04pm —
Wells Fargo - "US Outlook:
Economics Group U.S. Outlook Retail Sales • Wednesday
Previous: 0.1% (Month-over-Month) Consensus: 0.5% Wells Fargo: 0.6%
Consumer Price Index • Friday
Previous: 0.0% (Month-over-Month) Consensus: 0.5%
Wells Fargo: 0.5%
Industrial Production • Friday
Previous: -0.1% (Month-over-Month) Consensus: 0.3% Wells Fargo: 0.3%
China Industrial Production • Saturday
Previous: 10.3% (Year-over-Year)… Continue
Added by Francesc Riverola on March 9, 2013 at 5:42pm —
As shown on the daily chart below, the decline from 1.3710 faces strong support around 1.2900 levels, so far the pair is lifted by the support line that comes from 1.3171/1.3139 levels around 1.2970, added to that we have the daily 200 SMA around 1.2925 levels.
Let’s take a deeper look to the daily chart once again, since the beginning of March, the pair is trapped between the daily 100 SMA and the daily 200 SMA, both SMAs are positive and still sloping upward strongly, anyway,… Continue
Added by Haitham653 on March 9, 2013 at 3:08pm —
USDCHF- With a fifth week of gains seeing USDCHF closing higher at the week, further bullish offensive is likely in the new week. However, it will have to decisively break and hold above the 0.9511 level to create scope for more bullishness towards the 0.9600 level. Further out, resistance is seen at the 0.9773 level, its weekly ema. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, support lies at the 0.9388 level where a reversal of roles is likely to occur… Continue
Added by fxtech on March 9, 2013 at 1:32pm —
UBS - "This week's key points for currencies are: Continue
- upcoming FOMC forecast round key for dollar strength
- ECB inaction to support euro on the crosses
- the new BoJ won't disppoint USDJPY bulls
- MPC waits for Budget BoE review, stay short Cable
- SNB to stay on hold in the week ahead, watch USDCHF
- Norges Bank also to remain unchanged next week
- Australian jobs, RBNZ meeting should temper AUDNZD rally"
Mansoor Mohi-uddin, Managing Director &…
Added by Francesc Riverola on March 9, 2013 at 10:53am —
Hello traders and owner,
I would like of say: '' Good Weekend for all traders''
Hope that many good things happens on next week. One real worker has your rights of enjoy from the hard work (with your family or friends or whosoever you trust).
(The picture is just kidding)… Continue
Added by Igor Titara on March 9, 2013 at 12:14am —
Please see EURJPY 4 hour chart attached. I have never seen before a trendline changing from resistance to support. If this continues to hold then we also have transitioned from a (mini) down to an uptrend.
Wishing everyone a good weekend.… Continue
Added by Oasis on March 8, 2013 at 10:06pm —
Below is a current chart of my long term view on the ES.
Noted is a divergence between price and positioning of buyers vs. sellers.-
That is denoting that, while price is increasing, sellers are still (yet) mantaining their short positions. As usual, there… Continue
Added by Demian Pack on March 8, 2013 at 5:52pm —
Broad, 200 pip balance area, as noted below.
Currently trading into 1.2990 (as I am writing this post) which happens to be a key price point. The more time/acceptance the €uro spends within this area, the more chances I see of further downside,… Continue
Added by Demian Pack on March 8, 2013 at 5:09pm —
Sort of similar picture of what gold has been doing.
Mayor containment area denoted by $91.90-$89.325.
Buyers response into the lower end of the (broader) balance area has develop into a second (smaller) balance area $91-$90.70.…
Added by Demian Pack on March 8, 2013 at 4:42pm —
NFP brought intense selling pressure. Gold sol $18, testing $1560, facing important buying action, thus rejecting price into lower value areas.
Althouugh I am keeping my downside bias, the (buying) response is undeniable and should be taken into account, specially in the short term, where Ill be keying into further follow up form buyers.…
Added by Demian Pack on March 8, 2013 at 4:05pm —
Westpac - "We have opened a short EUR/USD position at 1.3012, targeting a run at the 1.27-1.28 zone. Continue
As today's price action following the decent US payrolls shows, the USD appears to be in the midst of a correlation shift that gives it the look and feel of a pro-cyclical growth currency that responds positively to good US news. We have reservations around seasonal biases which tend to inflate the US data early in…
Added by Francesc Riverola on March 8, 2013 at 2:38pm —