FX Thoughts for the Day

Dollar-Swiss has dipped during the day towards 1.1089 as it slipped marginally below the 8-DMA and has then bounced above this Support line. Once this line is broken past comprehensively, a further dip towards 1.0980 could be seen very rapidly. A further fall is likely to be contained near 1.0900…. Read more….

FX Technical Commentary

Euro 1.3560 Initial support at 1.3343 (May 8 low) followed by 1.3247 (May 6 low). Initial resistance is now located at 1.3739 (March 19 high) followed by 1.3799 (Jan 8 high) Read more….

Forex: EUR/USD rises to reach 1.3545, fresh intra-day high (The Forex Market)

FXstreet.com (Barcelona) – Euro has broken the 1.3515 resistance level against the Dollar after several attempts in the European session and the EUR/USD has climbed up to reach 1.3545, fresh intra-day high. Currently the pair is trading around 1.3530/40, 0.30% above today’s opening price.

FX Thoughts for the Day

EURO, JAP YEN and EURO-YEN ————————— Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ————————————————————- USD-CHF @ 1.1209/12…Range: 1.1170-1.1360 ——————————— R: 1.1310 / 1.1360-62 / 1.1409-29 S: 1.1170 / 1.1133-30 / Read more….

Forex: EUR/USD is back to 1.3500 after reaching 1.3470 (The Forex Market)

Fxstreet.com (Barcelona) – After rejecting from 1.3515 (coming from its 90 pips increases in the European session) the EUR/USD has fallen below 1.3500 level and has reached 1.3470. Currently the pair has been rebounded up and it is trading to test the 1.3500 level again.

FX Thoughts for the Day

Dollar-Swiss has ranged during the day between 1.1216 and 1.1270 as the 13-DMA Support is being tested currently. It is likely to get into a Support region of 1.1216-1.1190. A break below might see it dip towards 1.1150 below which we have the 8-DMA Support at 1.1131. Overall, the pair… Read more….

Forex: USD/CAD tests 1.1700 after reaching 1.1685, intra-day low (The Forex Market)

FXstreet.com (Barcelona) – After falling 130 pips from 1.1815, intra-day high, in the early Asian session to reach 1.1685, intra-day low in the European session, the USD/CAD has rebounded slightly to test the 1.1700 level.

Forex: GBP/USD: Sterling testing 1.5245 level (The Forex Market)

FXstreet.com (Barcelona) – The Pound has reached levels right above resistance at 1.5245 on its recovery from intra-day low at 1.5115. At the moment, GBP/USD trades at 1.5255; 0.52% above its daily opening level.

Forex: EUR/USD: Euro consolidating above 1.3425 (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD decline from Friday’s high at 1.3650 has found a base on Asian session at 1.3425, the Euro is moving at the moment from the mentioned 1.3425 low to 1.3485.

The Thirst For Risk

The charts below demonstrate unmistakably just how phenomenally bipolar the market has become, and just how aggressively asset managers are chasing after risky assets in order to make up for 2008 losses. Alas, nobody has learned any lessons from the credit bubble where fast, slow, dumb and smart money was all chasing the riskiest assets, [...]

Comprehensive FX and Futures Daily Analysis

USD/JPY The USD/JPY continues to struggle, heading beneath our 1st tier downtrend line.  The currency pair briefly traded below the psychological 95.00 level today, but bulls quickly came to the rescue.  However, the fact that the USD/JPY dipped below our 1st tier uptrend line is a negative sign for the near-term.  At least we haven’t [...]

Moving Averages. Do they work?

This article is taken from the Trader’s Journal magazine (February 2009 issue) The author, Subrina Mahmood , is currently working on her MBA in finance at Monmouth University. Moving averages are a popular technical trading tool used to generate buy and sell signals. The question is – do they work? Subrina Mahmood lead a discussion [...]

Volume Weighted Average Price

In currency trading, many retail traders can lose fortunes, before ever even hearing about VWAP and TWAP. It’s proclaimed ‘hi-tech’ at home traders can seemingly miss major institutional benchmarks like I have just mentioned. Clearly, the simple fact that so many retail traders have no clue about VWAP, simply proves suc within the hands of [...]

Practical trade with channels

A channel is a figure of high reliability, formed by two parallel trend lines at its borders. One connects the price highs, the other the price lows, and in between, there is a zone where the price tends to stay until it breaks. Both trend lines, upper and lower, act as support and resistance. Figure [...]

FX Thoughts for the Day

USD-CHF @ 1.1122/25…Ranged ————————– R: 1.1130 / 1.1170-80 / 1.1213 S: 1.1061 / 1.0980-54 / 1.0784-65 Dollar-Swiss continued to trade comfortably within the range. Buy on dips and sell on highs continues to be the right thing till the range is not breached. On the upside, the 8-DMA and 55-week MA provides good Resistance while [...]

Trading the trend and breaks

I always post here that we should wait for breaks or confirmations. Breaks of key levels of support and resistance or trend lines. So I will tell you the basic rules to trade with trend lines, I hope you will enjoy these basic education tips! As you may know, we always say that it is [...]

Trading with moving averages

As many of you already know, Forex is the most amazing and popular electronic financial market: it moves 1.5 trillion dollars a day, what NY Stocks market moves in a year. A 24 hours a day, 7 days a week market, with high volatility and liquidity, and with a plus advantage: leverage. A market where [...]

EUR/USD stays below 1.3500; USD/CHF above 1.1200 (The Forex Market)

FXstreet.com (Córdoba) – U.S. rally during the American session against Euro. EUR/USD fell from 1.3615 to 1.3460. So far today the pair is down 1.09%. The euro is ending a three-week rally, after being unable to break above 1.3750 (March highs).

FX Thoughts for the Day

Aussie fell below the 8-DMA Support at 0.7578 and also below the Support that we were eyeing at 0.7560 after the Resistance region of 0.7596-0.7613 could not be broken past. It could now be treading towards 0.7475 over the US session. But if it manages to rise towards 0.77, we… Read more….

Forex: EUR/USD tests above 1.3620 (The Forex Market)

FXstreet.com (Córdoba) – Dollar is losing across the board in the American session. Stocks are now retreating form intra-day high but still up for the day. EUR/USD is now testing levels above resistance at 1.3620. The pair rose to 1.3633 reaching an intra-day high.

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