Showing posts with label forex info. Show all posts
Showing posts with label forex info. Show all posts
Friday, September 3, 2010
Tuesday, September 8, 2009
FOREX NEWS / THE MARKETS TODAY: Tuesday 08 September 2009 / 06:35h CET
EUR/USD 1.4334
EXPECTATION THE RISK SUPPORT AND RESISTANCE
Lack of liquidity yesterday made for a much muted trading session in the majors. Today should see liquidity return to the markets as traders return back from their holidays. The Euro is currently trading above its trendline from the 1.4406 high. If price can sustain itself above this trendline then the 1.4380 -1.4406 resistance zone is likely to be challenged.. As mentioned previously for more upside to be observed 1.4445 must be broken confidently for a challenge of 1.4719. However, if the pair breaks below its medium term and longer term up trending support lines (currently converging) and trades below 1.4050 then this serves as confirmation that the uptrend has reversed and traders should expect the Euro to sell off.
EXPECTATION THE RISK SUPPORT AND RESISTANCE
Lack of liquidity yesterday made for a much muted trading session in the majors. Today should see liquidity return to the markets as traders return back from their holidays. The Euro is currently trading above its trendline from the 1.4406 high. If price can sustain itself above this trendline then the 1.4380 -1.4406 resistance zone is likely to be challenged.. As mentioned previously for more upside to be observed 1.4445 must be broken confidently for a challenge of 1.4719. However, if the pair breaks below its medium term and longer term up trending support lines (currently converging) and trades below 1.4050 then this serves as confirmation that the uptrend has reversed and traders should expect the Euro to sell off.
Monday, September 7, 2009
Forex: Dollar likely to extend fall
Mon, Sep 7 2009, 15:00 GMT
FXstreet.com (Buenos Aires) – Dollar remains under pressure as Wall Street futures remain strongly up despite U.S. holidays. S&P reached 1022.15, while DJIA futures reached 9484, both approaching to the year high. Majors remain trading in a tight range, as volume remains extremely low, and likely to extend until next Asian session opening.
EUR/USD quotes around 1.4335, trapped between 1.4320/1.4360 range; GBP/USD failed to regain the upside and turned slightly bearish after breaking under 1.6400; Swiss Franc continues hovering around 1.0600 area, and despite the bearish tone, more falls seem still limited in the pair. USD/JPY consolidates at 93.00 after breaking a daily descendant channel, yet needs to move above the 93.40 area, to extend the rally and gain some upside strength.
EUR/USD quotes around 1.4335, trapped between 1.4320/1.4360 range; GBP/USD failed to regain the upside and turned slightly bearish after breaking under 1.6400; Swiss Franc continues hovering around 1.0600 area, and despite the bearish tone, more falls seem still limited in the pair. USD/JPY consolidates at 93.00 after breaking a daily descendant channel, yet needs to move above the 93.40 area, to extend the rally and gain some upside strength.
EUR/USD (Sep 07 at 15:40 GMT)
1.4334/39 (0.20%)
H 1.4363 L 1.4299
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4262 | 1.4298 | 1.4333 | 1.4344 | 1.4379 | 1.4415 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Sep 07 at 15:35 (15-minute timeframe) | |
Forex: EUR/USD: Euro, in range after hitting one-week high at 1.4360
Mon, Sep 7 2009, 10:58 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) - Euro rally from 1.4190 low on Friday has extended to 1.4360 high on European session and the Euro has remained hovering between 1.4340/55 for most of the European session.
Above 1.4365 intra-day high, next resistance levels lie at 1.4375 (Sept 1 high) and 1.4405 (Aug 27 high). On the downside, initial support lies at 1.4315/25, and below there, 1.4285 and 1.4230.
According to Greg Holden, technical analyst at ForexYard, a bearish cross on 4hr charts slow stochastics might advance a downwaerd move: "The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, there is a fresh bearish cross forming on the 4-hour chart's Slow Stochastic indicating a bearish correction might take place in the nearest future. Going short might be a wise choice."
EUR/USD
EUR/USD (Sep 07 at 13:08 GMT)
1.4332/34 (0.19%)H 1.4363 L 1.4299S3 S2 S1 R1 R2 R3
1.4254 1.4290 1.4326 1.4338 1.4373 1.4409
[?]Trend Index [?]OB/OS Index
Neutral Neutral
Data updated on Sep 07 at 13:05 (15-minute timeframe)
http://www.fxstreet.com
FXstreet.com (Barcelona) - Euro rally from 1.4190 low on Friday has extended to 1.4360 high on European session and the Euro has remained hovering between 1.4340/55 for most of the European session.
Above 1.4365 intra-day high, next resistance levels lie at 1.4375 (Sept 1 high) and 1.4405 (Aug 27 high). On the downside, initial support lies at 1.4315/25, and below there, 1.4285 and 1.4230.
According to Greg Holden, technical analyst at ForexYard, a bearish cross on 4hr charts slow stochastics might advance a downwaerd move: "The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, there is a fresh bearish cross forming on the 4-hour chart's Slow Stochastic indicating a bearish correction might take place in the nearest future. Going short might be a wise choice."
EUR/USD
EUR/USD (Sep 07 at 13:08 GMT)
1.4332/34 (0.19%)H 1.4363 L 1.4299S3 S2 S1 R1 R2 R3
1.4254 1.4290 1.4326 1.4338 1.4373 1.4409
[?]Trend Index [?]OB/OS Index
Neutral Neutral
Data updated on Sep 07 at 13:05 (15-minute timeframe)
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