All Blog Posts (21,218)

Coffee with USDCHF - 04/02/2013

Hello traders,

US economy drama is far from over and by this reason USD could follow some rise trend. Seems the most logical step for now but everything could happen.

To buy USDCHF could be nice for a while. Expecting a targeting of 50/80 pips in Sunday-Monday.

So, buying at 0,9419 with target in 0,9460/90 and SL of (-50 pips).

Prepare your coffee for a nice up. …

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Added by Igor Titara on March 4, 2013 at 12:58am — No Comments

Trade of the Week | February 25 - March 1, 2013

My hands down choice for FX Trade of the Week (TOTW) is a EUR/JPY short position taken near the 125 level during the Monday 25 February New York morning trading session. As the chart below illustrates, the confluence of two trendlines -- the blue one from the 4-hour chart featured in my February 11-15 TOTW post, the red one based on a series of…

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Added by Curt Wehrley on March 4, 2013 at 12:25am — No Comments

Segregation Analysis To Euro's Current Advance

Though Euro sentiment turned overwhelmingly bearish last week, traders are warned that the market is approaching identical price action similar to that of Feb-Jul 2011. (Grey ellipses on chart-5). This will not only constitute wild choppy swings in both  directions, that are impossible to short, but if the principle of alternation is to go by, there will be an ultimate cycle breakout higher. …

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Added by Summerset on March 3, 2013 at 8:41pm — 2 Comments

CADJPY - Head and Should Pattern , Potential Short

CADJPY , is forming a Head an should pattern, with strong resistance on top. Expecting a

Short sell at current levels and retest of strong support at neck line of H&S pattern.

Short Entry  - (91.340 – 90.935)

TP 1 - 89.785

TP2  - 88.635

 SL  -  92.500…

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Added by Sardar Uddin on March 3, 2013 at 7:30pm — 3 Comments

GOLD: Broader Bias Remains Lower.

GOLD: With the commodity remaining vulnerable to the downside, there is risk of further weakness. This leaves the pair targeting the 1,554 level where a violation will aim 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 will aim at the…

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Added by fxtech on March 3, 2013 at 7:20pm — No Comments

Wells Fargo - U.S. Outlook for the Week: ISM, Trade Balance and Non-Farm Payrolls

Wells Fargo - "U.S. Outlook:

ISM Non-Manufacturing • Tuesday

Previous: 55.2 Consensus: 55.0

Wells Fargo: 55.1

Trade Balance • Thursday

Previous: -$38.5B Consensus: -$43.0B

Wells Fargo: -$43.0B

Employment • Friday

The January employment report showed that hiring activity finished 2012 on a strong note. Job gains for November and December were revised higher by a net 127,000 jobs to an average of…

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Added by Francesc Riverola on March 3, 2013 at 5:44pm — No Comments

GBPUSD - Weekly Strategy (04-08 Mar 2013)

Recommendations: SHORT positions below 1.5220 with 1.5000 & 1.4900 as next targets.

Alternative scenario: The upside breakout of 1.5220 will call for a rebound to 1.5320/460.

Description: The GBPUSD continued its bearish momentum last week, and broke below 1.5000 levels,this scenario suggests more downside loses, so far I don't see any sign of bottoming , from the 15 min till the daily chart, the…

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Added by Haitham653 on March 3, 2013 at 5:00pm — 3 Comments

Cash airlift helped avert Greek bank run during debt crisis

Greece's central bank had billions of euros of banknotes shipped in from other central banks to avert a bank run during the country's debt crisis as depositors withdrew their money.

Click below for the full article.…

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Added by Ron Schelling on March 3, 2013 at 4:55pm — No Comments

GBP/USD Outlook March 4-8

The British pound was steady during the week, but took a tumble on Friday, as it dipped below the 1.50 line. The pair closed at 1.5162. This week’s major events includes the Official Bank Rate and PMI releases. Here is an outlook of the events and an updated technical analysis for GBP/USD.

The pound was steady during the week, but lost over a cent at the end of the week, as Manufacturing PMI hit a four-month low and fell  below the 50 level for the…

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Added by Yohay Elam on March 3, 2013 at 4:26pm — No Comments

USD Spot Index (not USDX Future)

USD Spot Index on 6 majors pairs against the USD.

Only 1 point down compared to a week ago.

For more click on the chart:

Added by Ron Schelling on March 3, 2013 at 3:30pm — No Comments

RBS - Rolling GBP/USD shorts

Royal Bank of Scotland - "On December 14th, we suggested selling GBP/USD as a Top 2013 Trade. Following a steady decline during 2013, GBP/USD has reached our 1.5050 target. Including carry, the position has realised a P/L of 6.6%.
With GBP fundamentals having deteriorated further, we recommended rolling the position. We now target a move down to the 2010 lows of 1.4239, with a 1.5390 take-profit stop. Spot ref 1.5036."

Added by Francesc Riverola on March 3, 2013 at 12:57pm — No Comments

TD Securities - USDJPY Downside risks remain

TD Securities - "USD/JPY’s recovery from the low 91 area back through support at 92.20 looks to have breathed new life into the bull trend but we still spot some worrying signals in terms of the price action—a huge sell-off Monday leaves a big, bearish outside day reversal on the daily chart—and oscillators (where the divergence between spot and the slow stochastic has increased this week). We are unable to get too enthusiastic about chasing this market higher form this point. Downside risks… Continue

Added by Francesc Riverola on March 3, 2013 at 12:42pm — No Comments

EURUSD- Monthly Chart ; Under Pressure , 1.3017 & 1.3710 Are Important Pivots !

The EURUSD maintained  a bearish momentum the last month after topping at 1.3710 levels, pressure now will be on the key support 1.3017 ,EURUSD will have to hold below 1.3017 on a monthly closing basis to push the market for further downside loses,  if seen this scenario could push the market further lower towards the 1.2042  levels, where a breach will turn focus on the 1.1600 levels.

Alternatively,A failure to hold below 1.3017 on a monthly closing basis, could mean a return…

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Added by Haitham653 on March 3, 2013 at 12:00pm — 3 Comments

EURUSD: Decline Sharply, Targets The 1.2882 Level.

EURUSD: EUR extended its corrective downside the past week selling off strongly and paving the way for more downside in the new week. Support lies 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 happen 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…

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Added by fxtech on March 3, 2013 at 10:39am — No Comments

eu = my view for monday

Added by anil chauhan on March 3, 2013 at 10:07am — No Comments

EUR/USD Forecast – March 4-8

EUR/USD fell for the fourth consecutive week, dipping its toes under the 1.30 line following the indecisive Italian elections and the weak economic data. Will the slide continue?  The rate decision and the preceding press conference are the highlights of a very busy week. Here is an outlook for the events moving the euro and an updated technical analysis for EUR/USD, now in lower…

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Added by Yohay Elam on March 3, 2013 at 6:06am — 1 Comment

USDCAD - Weekly Strategy (04-08 Mar 2013)

Recommendations: Long positions -cautiously-above 1.0215 with 1.0340 as next targets.

Alternative scenario: The downside breakout of 1.0215 will open the way to 1.0160/1.0100.

Description: USDCAD continued its bullish momentum last week, and formed a temporary top at  1.0340, Initial bias is neutral this week and some sideways trading might be seen between 1.0215 & 1.3040.On the…

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Added by Haitham653 on March 2, 2013 at 7:00pm — 1 Comment

UBS - This week's key points for currency markets

UBS - "A stronger dollar remains our core view for 2013. The US economy is outperforming Europe and Japan as the latest purchasing managers' indices show. The Federal Reserve is likely to be the first of the major central banks to exit unconventional monetary policies. Dollar diversification by foreign central banks and sovereign wealth funds has ebbed, and America's energy revolution is cutting the US trade deficit. Dollar sceptics should take a look at USDCHF. The charts show it's forming a… Continue

Added by Francesc Riverola on March 2, 2013 at 7:00pm — No Comments

Target Trading in the Forex upcoming week of March 3rd ,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3018 after testing  the psychological 1.3000 to the downside. We are looking for a small pullback and then a continuation to the wave 3 S6 support @ 1.2913  at the least and a bounce is possible there.   The down target on a continuation is the bottom @ 1.2718.  The average daily true range (ATR) for the pair currently is 112 pips. …

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Added by Scott Barkley on March 2, 2013 at 3:43pm — No Comments

USDCHF- Sees Further Bullishness, Risk Builds On The 0.9511 Level.



USDCHF: With USDCHF returning above its broken trendline and taking out the 0.9388 level, its Feb 18’2013 high, it looks to extend its broader upside in the new week. Further out, resistance comes in at the 0.9511 level where a violation will set the stage for a move higher 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…

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Added by fxtech on March 2, 2013 at 1:15pm — No Comments

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