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).

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.

Asia FX Summary: EUR/USD Remains Heavy With Stops Triggered Under 13550 (Daily FX)

The USD and JPY gains continued in early Asia but were mostly linked to opportunistic targeting of stops on the EUR, GBP and CHF, rather than fresh fundamental factors.

Forex: EUR/USD falls below 1.3600 again; Wall Street falls further (The Forex Market)

FXstreet.com (Barcelona) – After rebounding from 1.3570 support and rising above 1.3600 and reach 1.3660 level, the EUR/USD is falling again, currently the pair has lost 75 pips to reach 1.3585. The pair is declining 0.60% so far today from opening price action.

Remain Short EUR/USD (Daily FX via Yahoo! Finance)

My picks: Short EUR/USD since 1.36 Expertise: Global Macro Average Time Frame of Trades: 1 week

Forex: EUR/USD: Euro softens to tests support level at 1.3630 (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD is weakening slightly as the pair has dropped to test intra-day lows around 1.3635 after failing to break above 1.3715/25 area.The Euro trades at 1.3639 at the time of writing.

Forex: USD/JPY falls 1.20% so far today to reach 96.35, fresh May low (The Forex Market)

FXstreet.com (Barcelona) – USD/JPY has reached a fresh May low at 96.35 after falling 150 pips from 97.85, intra-day high in the early European session. Currently the pair is falling around 1.00 so far today from 97.60 opening price action to the currently 96.60.

Chart of the Day: GBP/USD (Daily FX via Yahoo! Finance)

The GBP/USD 4-hour chart is showing the same USD weakness as the USD/CAD chart we showed yesterday.

GBP/USD: Pound pulls down to 1.5200 from 1.5330 intra-day top (The Forex Market)

FXstreet.com (Barcelona) – The Pound seems to have found a rather tough resistance area at 1.5330/50; GBP/USD has broken intra-day low at 1.5240 after being rejected at 1.5330.

EUR/USD Technical Analysis

Euro has surged to 1.37 levels after taking major support around 1.3250 levels on May 7th 2009 (in line with our previous expectation). The charts have become flat in the overbought region with resistance coming in at 1.3780 (Channel trendline and 100 Weekly EMA) which could hold temporarily. However, beyond… Read more….

Forex Technical Analysis

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524. Read more….

Technical Analysis Daily: USD/JPY

Dollar/Yen continued its decreasing momentum yesterday, as expected. The currency couple made a bottom at 96.09 and closed at 96.42. On the 4 hour chart USD/JPY is now ready to test the main trend line as a support. Break down of the trend line may lead to further decreasing scenario…. Read more….

Asia FX Summary: EUR/USD Consolidates in Asia; USD/JPY Weighed Down by Weak Nikkei (Daily FX)

Profit-taking on USD shorts and long USD-JPY positions was the opening them in Asian trading with the fall in the DJIA Monday and a 1% decline in the Nikkei fueling the correction. Adding to the moves were rumors, proven to be correct, that the China trade data would be weaker than expected.

Chart of the Day: USD/CAD (Daily FX via Yahoo! Finance)

The USD/CAD has been weak since printing a high on March 9th. This is easier to see on the 4-hour chart which is posted below.

GBP/USD Current price: 1.5109 (The Forex Market)

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5109. Pair continues moving between 1.5080/1.5180 zone, but turning slightly bearish in the hourly chart. Indicators also turned to the downside, or lost bullish momentum even in bigger time frames, suggesting chances of a downside continuation.

Trend of the Day: GBP/USD (Daily FX)

GBP/USD has managed to break above the 1.50000 handle decisively after many false attempts. GBP/USD has managed to break above the 1.50000 handle decisively after many false attempts. The cable should find its way up to the 200 SMA at 15715. Stops should be placed below the May 7th low of 14942.

Technical Analysis Daily: USD/JPY

Dollar/Yen also decreased yesterday with over 150 pips. On the 4 hour chart after the break down of the 98.00 support, the currency couple reached the bottom 97.27 and closed the day higher at 97.46. Signals are descending in the short term with possible testing of the support level 97.10…. Read more….

Usd/Cad, S&P Futures Elliott Wave Analysis

Cad bounced perfectly higher from the lows around 1.1460 into the first leg of a corrective wave iv), discussed on Monday. We labeled this leg as a black wave A, followed by a current wave B retrace which should not go below the red wave iii) lows; otherwise the current… Read more….

Currency Pair Daily Forecasts

EUR/USD-market strategy can be a buy from the level 1.3630$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing above the zero line. In order to find the power of the market,… Read more….

Daily FX Report

Since the 28th of April, the AUD/USD has been moving in an upward trend phase. It’s the second time that the pair is touching the simple moving average. But this time we are additionally able to see how it is pending over the Pivot P(W) at 0.7565. If the pair… Read more….

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