Sunday, February 7, 2010
Tuesday, November 3, 2009
EURUSD Forecast: Remains sideways, need fundamental catalyst. Calm before the storm?
Tue, 03nd of November, 2009
Dear Fellow Trader
Setyo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help.
The EURUSD continued it's indecisive movement yesterday. On my daily chart below we can see that the pair still struggling around the trendline support area. Basically, the trendline support remains my key technical focus at this phase and a strong support area to prevent further downside pressure which keep the bullish scenario intact. I think I will keep out from the market until I have a clear and convincing movement, below or above the trendline. Immediate resistance is seen at 1.4850. Break above that area could make this pair vulnerable for further upside pressure re-testing 1.4950 - 1.5060 area. Initial support at 1.4700 - 1.4680 area. Break below that area should trigger further weakness for the Euro.
On fundamental side, we will have some key economic numbers this week as US (tomorrow) and Europe (Thursday) are going to announce interest rate and US NFP on Friday. I am expecting these fundamental events to be the market movers to take us out from this choppy market. I feel this week is going to be a very important week as what happen here might have a bigger impact on longer term outlook, whether we will continue the bullish scenario towards 1.5300 or back towards 1.4450 area.
Dear Fellow Trader
Setyo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help.
The EURUSD continued it's indecisive movement yesterday. On my daily chart below we can see that the pair still struggling around the trendline support area. Basically, the trendline support remains my key technical focus at this phase and a strong support area to prevent further downside pressure which keep the bullish scenario intact. I think I will keep out from the market until I have a clear and convincing movement, below or above the trendline. Immediate resistance is seen at 1.4850. Break above that area could make this pair vulnerable for further upside pressure re-testing 1.4950 - 1.5060 area. Initial support at 1.4700 - 1.4680 area. Break below that area should trigger further weakness for the Euro.
On fundamental side, we will have some key economic numbers this week as US (tomorrow) and Europe (Thursday) are going to announce interest rate and US NFP on Friday. I am expecting these fundamental events to be the market movers to take us out from this choppy market. I feel this week is going to be a very important week as what happen here might have a bigger impact on longer term outlook, whether we will continue the bullish scenario towards 1.5300 or back towards 1.4450 area.
Saturday, October 31, 2009
Setyo Wibowo EURUSD Weekly Summary: Failed to stay above 1.4850, re-testing the trendline support.
The EURUSD failed to continue it’s bullish momentum yesterday. Like I said, the pair need a consistent movement above 1.4850 area to confirm the bullish scenario towards 1.5000 area, something that didn’t happen yesterday. So, what is the plan for the upcoming week?
Just like this week, the trendline support area will be my technical focus next week, as you can see on my daily chart below, after failed to stay consistently above 1.4850 area price is now moving lower re-testing the trendline support once again. 1.5060/80 resistance area (circled) seems to be an important resistance as price keep moving lower after fail to break above that area. A break below the trendline should trigger further bearish scenario towards 1.4450 area. As long as the trendline support hold, the bullish scenario should remains intact but I think the bullish exhaustion warning and downside pressure is also still there.
Have a great weekend and see you guys next week
Just like this week, the trendline support area will be my technical focus next week, as you can see on my daily chart below, after failed to stay consistently above 1.4850 area price is now moving lower re-testing the trendline support once again. 1.5060/80 resistance area (circled) seems to be an important resistance as price keep moving lower after fail to break above that area. A break below the trendline should trigger further bearish scenario towards 1.4450 area. As long as the trendline support hold, the bullish scenario should remains intact but I think the bullish exhaustion warning and downside pressure is also still there.
Have a great weekend and see you guys next week
Saturday, September 12, 2009
REAL-TIME ECONOMIC CALENDAR (fundies analysis)
REAL-TIME ECONOMIC CALENDAR
Add this calendar to your WebsiteEconomic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | ||
| Sep 11 | 12:30 | CA | New Housing Price Index (MoM) (Jul) |  | 0.3 | -0.2 | |
| 12:30 | US | Import Price Index (YoY) (Aug) | | -15.0% | -19.3% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Sep)  | | 70.2 | 65.7 | ||
| 14:00 | US | Wholesale Inventories (Jul) |  | -1.4% | -1.7% | ||
| 18:00 | US | Monthly Budget Statement (Aug) | | -180.7B | |||
| Sep 13 | 22:45 | NZ | Retail Sales (MoM) (Jul) | | 0.1% | ||
Forex: EUR/USD consolidates above 1.4600
Forex: EUR/USD consolidates above 1.4600
FXstreet.com (Barcelona) – Euro is trading against the Dollar in consolidation mode after the weekly bullish movement which take the pair from 1.4190, September 4 low level to trade above 1.4600 and post 1.4626 as new 2009 highest level.
Pair has been trading in a range between 1.4580 and 1.4620 during the European session and currently it is reaching 0.20% daily gains from opening price action at 1.4574 to the current 1.4610, fighting to break up the range and trigger upside momentum.
Pair has been trading in a range between 1.4580 and 1.4620 during the European session and currently it is reaching 0.20% daily gains from opening price action at 1.4574 to the current 1.4610, fighting to break up the range and trigger upside momentum.
Valeria Bednarik, FXstreet.com collaborator, comments: "Consolidating in a tight range between 1.4580/1.4620, hourly charts seem quite flat yet slightly bearish at this point, as well as 4 hour ones despite market sentiment is keeping euro well bid. Volume remains low in Europe, with market players waiting for Wall Street opening. Break above today’s high at 1.4620 could trigger some upside momentum in the pair, as market is expecting the pair to reach 1.4720, past December high zone; that’s the key level to watch as a weekly close above that zone, will confirm an upside continuation in the midterm."/USD (Sep 11 at 16:19 GMT)
1.4586/88 (0.05%)
H 1.4635 L 1.4551
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4511 | 1.4547 | 1.4584 | 1.4596 | 1.4633 | 1.4669 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Sep 11 at 16:15 (15-minute timeframe) | |
Thursday, September 10, 2009
I can read it , can You?
fi yuo cna raed tihs, yuo hvae a sgtrane mnid too. Cna yuo raed tihs? Olny 55 plepoe out of 100 can.
i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in waht oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frsit and lsat ltteer be in the rghit pclae. The rset can be a taotl mses and you can sitll raed it whotuit a pboerlm. Tihs is bcuseae the huamn mni d deos not raed ervey lteter by istlef, but the wrod as a wlohe. Azanmig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt! if you can raed tihs forwrad it.
ONLY POST IF YOU CAN READ
i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in waht oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frsit and lsat ltteer be in the rghit pclae. The rset can be a taotl mses and you can sitll raed it whotuit a pboerlm. Tihs is bcuseae the huamn mni d deos not raed ervey lteter by istlef, but the wrod as a wlohe. Azanmig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt! if you can raed tihs forwrad it.
ONLY POST IF YOU CAN READ
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