| Comprehensive FX and Futures Daily Research
March 31, 2009 at 9:24 am
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| | EUR/USD The EUR/USD has recovered well from Monday's lows despite a lower than expected CPI Flash Estimate. The large movement upwards is a bit confusing considering declining prices imply the ECB may need to get more aggressive with its monetary policy at Thursday's meeting. Analysts are expecting the ECB to lower its benchmark rate to 1% and the use of quantitative easing is on the table. Monetary easing is normally negative for a currency, hence why the surge taking place this morning is a 
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| FX Thoughts for the Day
March 31, 2009 at 8:12 am
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| | SD-CHF @ 1.1391/95...Stop Loss Sell Order ------------------------------------- R: 1.1431 / 1.1444 / 1.1495 S: 1.1360-53 / 1.1206 / 1.1170 Dollar-Swiss has fallen towards the 1.1400-1.1350 region as mentioned earlier after facing Resistance from the 1.1520-1.1565 region as we have mentioned earlier. We could possibly see it move towards 1.1170 over the next few days. But for now, it is taking Support of the 38.2% retracement of the rise from 1.0371 (29-Dec-08) to 1.1968 (12-Mar-09) at 1.1360. 
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| Forex Technical Analysis on Majors
March 31, 2009 at 6:20 am
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| | EUR/USD Current level-1.3245 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 1.2951 and 1.3834. Yesterday's low at 1.3112 was a test of the 1.3092 support zone and currently a larger corrective phase is on the run, targeting 1.3328 and probably 1.3410 resistance. Intraday bias is rather neutral, considering the ranging mode at the moment, 
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| Currency Technical Report
March 31, 2009 at 6:01 am
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| | EUR/USD Resistance: 1,3250/ 1,3285-90/ 1,3310-15/ 1,3350/ 1,3420/ 1,3470/ 1,3520 Support : 1,3210/ 1,3170/ 1,3150/ 1,3120/ 1,3100/ 1,3080/ 1,3045/ 1,3000 Comment: The first day of the week was negative for euro, as it moved towards our targets at 1,3100-20. An upward reaction was expected at these important support levels. The short term trend remains bearish and the reaction is still in terms of a retracement. If bulls gain momentum at the first support levels at 1,3200-10 and 1,3170-80, it 
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| EUR/USD
March 31, 2009 at 5:52 am
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| | EURUSD has touched the trend line and started to move up, but this movement was not so strong and most likely support line at 1.3109 will be tested again. Below the trend line 1.3109 next stop will be ~1.2800. If support line will survive next attack, possible strong movement up to the resistance line at 1.3734. 
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| The JPY rose near to a two-week high against the EUR
March 31, 2009 at 4:12 am
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| | Good morning from wonderful Hamburg. Yesterday the U.S. government once again affected the FOREX market with its explanations about the rescue-plan for GM and Chrysler. However, we wish you a prosperous trading day. Market review The JPY rose near to a two-week high against the EUR . This movement deployed by the decision of Standard & Poor's to cut Irelands AAA credit rating. But the 16-nation currency recovered in the early Tokyo trading session, based on an increased unemployment rate 
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| Currency Majors Technical Perspective
March 31, 2009 at 4:00 am
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| | EUR/USD Current price: 1.3244 A Static Resistance Area @ 1.3258 keeps Price Behaviorlocked in a Consolidative Range 0f 1.3123-1.3306 in the Medium-Term. ContinuedDownside Momentum is favored as a potential Double Bottoming Formation may bein View with another Test of the 1.3123 Support Level, only to be negated ifPrice appreciates past Dynamic Resistance @ 1.3306 onto Static Resistance @1.3361. RSI Readings currently support this view coming out of Oversold levels.1.3194 Confluence of the 
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| Nikkei 225 fell after trades by 1.5% up to 8109.53 points
March 31, 2009 at 3:14 am
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| | EUR The assumed test of key resistance range was confirmed with conditions for the realization of the pre-planned positions for sell. OsMA trend indicator, having marked preservation of bearish party activity gives reasons for preservation of the earlier opened positions for sell with targets 1.3200/20, 1.3140/60, 1.3080/1.3100 and/or further breakout variant up to 1.3020/40, 1.2960/80, 1.2900/20. An alternative for buyers as before will be above 1.3340 with targets 1.3380/1.3400, 1.3460/80, 
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| Today's Trading Signals
March 31, 2009 at 2:22 am
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| | Download and read the brand new report published by Kim Cramer and Klaus Ikast . The two former analysts from Danske Bank have createdtheir own financial company featuring exclusively and for the firsttime at FXstreet.com their trading signals for the day. The TechnicalTrading Points you used to enjoy in a new format and on a daily basisonly at FXstreet.com. Today's Trading Signals updates you on the latest technical analysisfor the financial markets including bonds, currencies, equities 
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| EUR/USD: (1.3242) Double Top off 1.3416 (see graph)
March 31, 2009 at 1:47 am
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| | Exploded above 1.2991 (see graph: neckline Double Bottom), but drop now highlighting Double Top off 1.3416 and currently back below the daily Downtrendline off high (1.3365 today). Support area at 1.3197 (break-up hourly), with next levels at 1.3151 (daily projection band bottom), ahead of 1.3122/ .3113 (daily Bollinger midline/ current week low), where pause favored. Failure to hold would see risk towards 1.3098/ .3093 (50% 1.2457 to 1.3739/ weekly envelope bottom + 2nd target off 1.3416): 
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| Daily Forex and Dow Jones Recommended Levels
March 30, 2009 at 10:57 pm
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| | Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 и 1.3778 . After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430 (published on 23.10.2008) . Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181 (published оn 
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