FX Technical Commentary
February 25, 2010 by admin · Leave a Comment
Euro 1.3560 Initial support at 1.3497 (Feb 23 low) followed by 1.3444 (Feb 19 low). Initial resistance is now located at 1.3692 (Feb 23 high) followed by 1.3788 (Feb 17 high) Read more….
EUR/USD capped by 1.3570 resistance area (The Forex Market)
February 25, 2010 by admin · Leave a Comment
FXstreet.com (Buenos Aires) – EUR/USD Current price: 1.3545. Strong came back from 1.3450 low, reached early in the American session, had left the pair in a probable double bottom clear on daily charts that will anyway need a break above the 1.3700 level, to be confirmed.
FX Technical Commentary
August 23, 2009 by admin · Leave a Comment
Euro 1.4340 Initial support at 1.4046 (AUG 17 low) followed by 1.4008 (Jul 29 low). Initial resistance is now located at 1.4447 (Aug 5 high) followed by 1.4621 (61.8% retrace 1.6038 -1.2330) Read more….
FX Thoughts for the Day
July 5, 2009 by admin · Leave a Comment
Dollar-Swiss has once again risen towards 1.09 during the day and has come off a little since then. It is likely to continue trading in a range as during the US session, trading is likely to be muted as the US holidays. The range that we can look forward to… Read more….
FX Thoughts for the Day
June 29, 2009 by admin · Leave a Comment
Cable has risen during the day and is inching towards the upper end of the range at 1.6600. A break past this would try to target 1.6676 and face strong Resistance near this region. This being the Projected Max High for the day. One may continuosly look for Selling opportunities… Read more….
FX Thoughts for the Day
June 26, 2009 by admin · Leave a Comment
The Pound has risen further since the morning, after an intra-day dip to 1.6375, continuing the rally from yesterday’s low near 1.6235. Overall, it is ranged between 1.62-66 (maybe 1.6180-6680) for the last several days and is likely to remain ranged for the rest of the day. In the bigger… Read more….
FX Thoughts for the Day
June 25, 2009 by admin · Leave a Comment
Cable seems to have shyed away from 1.6250 before executing the Buy Order at 1.6220. We continue to place the Limit Order in anticipation that this level will be seen during the US session and that the pair will bounce from there towards the upper end of the range that… Read more….
FX Thoughts for the Day
June 24, 2009 by admin · Leave a Comment
Dollar-Swiss rose sharply after recording a low of 1.0632 and is now targeting a rise towards 1.1000. A retracement back to 1.08 would confirm the continuity of the medium term consolidation between 1.06-1.10. Till this range holds, one may play the range by buying dips and selling rallies. Our medium… Read more….
FX Thoughts for the Day
June 23, 2009 by admin · Leave a Comment
Cable had fallen duringthe day towards 1.6210 as an important Support near this region held. This Support having held, the pair is now likely to retrace towards 1.6388. Beyond this if the Resistance at 1.6388 holds, we see it falling further towards 1.5970 and possibly towards 1.5500 over the next… Read more….
FX Thoughts for the Day
June 22, 2009 by admin · Leave a Comment
Dollar-Swiss has risen towards 1.0894 and is facing Resistance from the 200-MA (1.0892) on the 4-hourly. The view continues to be the same that till the pair is ranged between 1.0763-1.0895, we can sell rallied and buy dips. A break past this would target 1.1000 on the upside. A break… Read more….
Sunday Readings
June 21, 2009 by admin · Leave a Comment
What low bond recovery rates mean: 45-55% cumulative defaults (Vanguard, hat tip Richard) [HY12 at 81? haha] Despite promising signs, many wary that recession’s knockout punch could still come. (CoStar Group, hat tip Doug) Great article highlighting just how useless the Administration’s interventionist policies are. Among the highlights: Federal Initiatives prolonging a false sense of [...]
Saturday Readings
June 21, 2009 by admin · Leave a Comment
Steve Jobs had a liver transplant 2 months ago (WSJ) Iran’s political turmoil creates dilemma for Obama at home and overseas (Bloomberg) Cutting the Gordian Knot of GE Theory (AxiomaticEconomics) The Plaza stirs with 30 For Sale listings for a total of $250 million (NYT) Fear the dark side of China’s lending spree (Caijing) Trade [...]
FX Thoughts for the Day
June 19, 2009 by admin · Leave a Comment
Cable has risen towards 1.6450 during the day once again as the Support of the 21-DMA (1.6233) has held. Here again till the pair is above the 21-DMA, we would expect a range of 1.6233-1.6500 during the day and would like to enter near the 21-DMA. However, as mentioned in… Read more….
FX Thoughts for the Day
June 17, 2009 by admin · Leave a Comment
Cable had fallen towards 1.6230 and so has Crude. The 21-DMA is likely to be a crucial Support level going forward. A break or honour of which is likely to determine the future course. With Crude having fallen ahead of the US inventories, the Cable too has fallen. If the… Read more….
FX Thoughts for the Day
June 16, 2009 by admin · Leave a Comment
Dollar-Swiss has fallen during the day and our Limit Buy order at 1.0850 has got executed. We would aniticpate an increase. However, the currencies seems to have prepared themselves for upcoming US economic data releases as they now rest on/ face Resistance from some important short term levels. Dollar-Swiss is… Read more….
Intraday Charting
June 15, 2009 by admin · Leave a Comment
Crikey, the VIX is on fire intraday, and is on the verge of channel breakout. Curiously, the combined drop in the Dow and Gold, indicate that the market is actually completely unchanged from the perspective of the Dow’s weight in gold. Lastly, market makers will do everything they can do it seems today to prevent [...]
FX Thoughts for the Day
June 15, 2009 by admin · Leave a Comment
Cable has traded lower during the day. It has taken Support of the 8- and 13-DMA at 1.6282 and 1.6287 respectively. As mentioned earlier the 21-DMA at 1.6090 is likely to be the crucial. A break past this can confirm the double top formation on the daily candle. The 8-DMA… Read more….
FX Thoughts for the Day
June 12, 2009 by admin · Leave a Comment
In Aussie, too, today’s close might give some indication of the pair going forward. Here again, there’s the danger of double bottom forming on the daily candle chart. But if the Support at 0.7980 holds, the next week might see the pair retracing 0.8250 and even higher. Read more….
Daily Highlights: 6.12.09
June 12, 2009 by admin · Leave a Comment
Retail sales rose 0.5% during May, but much of the gain due to gasoline station receipts. Jobless rate will remain above 9% through the end of 2010: Economists. IEA slightly raised its 2009 world crude-demand f’cast for the first time in 10 months. Global economy to contract by close to 3%, worse than the prev. [...]
FX Thoughts for the Day
June 11, 2009 by admin · Leave a Comment
Dollar-Swiss has moved up during the day, but is essentially trading sideways between Support at 1.0745 and Resistance at 1.0845. It might remain within this range for the rest of the day. In case of a rise past 1.0845, it may move up to test 1.0915, maybe 1.0945, as well…. Read more….