Added by Muthusamy on March 11, 2013 at 6:01am —
Added by Naveed Anjum on March 11, 2013 at 6:01am —
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
Added by Vladimir Mihaylov on March 11, 2013 at 6:01am —
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 —
AUDNZD has been in a long term descending channel with recent bullish rally. Currently
Price action is at pivot point and congestion of both channels… Continue
Added by Sardar Uddin on March 11, 2013 at 1:37am —
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
Added by Igor Titara on March 10, 2013 at 11:19pm —
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 Haitham653 on March 10, 2013 at 10:51pm —
Brown Brothers Harriman - "Our next target for the euro is near $1.2880 and over the slightly longer-term a return to the mid-November low near $1.2680. The caveat is more often than not in recent weeks, the euro moves in the opposite direction (NY close to NY close basis) on Monday than it did on the preceding Friday. We suspect the $1.3050-70 area should offer initial resistance. The Swiss franc is tracking the euro with a modest lag. The greenback is posited to move above CHF0.9600 in the… Continue
Added by Francesc Riverola on March 10, 2013 at 10:03pm —
Added by HectorFXtrader on March 10, 2013 at 9:17pm —
In the 4h chart we see :…
Added by HectorFXtrader on March 10, 2013 at 8:40pm —
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.…
Added by Ron Schelling on March 10, 2013 at 7:54pm —
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 —
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
Added by Shaun Powell on March 10, 2013 at 4:40pm —
The British pound lost about a cent over the week, dipping below the 1.50 line. The pair closed at 1.4922. This week’s major event is Manufacturing Production. Here is an outlook of the events and an updated technical analysis for GBP/USD.
The pound’s troubles continue, as GBP/USD dipped below the all-important 1.50 level. US employment numbers looked very sharp last week, which helped the dollar post gains against the shaky British… Continue
Added by Yohay Elam on March 10, 2013 at 2:53pm —
GU -- Looks lower to 4510-20 for now .....
Pretty much explained within the charts..
Weekly is trneding strong to the lower side and expecting a 4510-20 eventually..
For now 4940-50 is resis with 4830-40ish expected base.. A good bounce can take us around to 5190 where expecting sellers to pile back into it..
The thing is even if it crosses…
Added by Tahir Khan on March 10, 2013 at 2:32pm —
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 —