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4/2 FXstreet.com: Technical: Technical Analysis Reports

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Currency Majors Technical Perspective
April 2, 2009 at 9:54 am
EUR/USD Current price: 1.3401 Pair has quickly run up after the ECB suppressive cut of just 0.25%, and rebound exactly in a descendant trend line around 1.3495. With indicators over bought in the hourly, and volume decreasing after the spike, correction could extend to the downside under 1.3380, first support for today. Support levels: 1.3380 1.3345 1.3310 Resistance levels: 1.3430 1.3495 1.3520 GBP/USD Current price: 1.4644 Bullish rally is finally giving up some ground after reaching 1.4715



Comprehensive FX and Futures Daily Research
April 2, 2009 at 9:49 am
EUR/USD The EUR/USD has pushed through March 30 highs, rallying before the ECB announces its monetary policy decision. While the 50 basis point cut analyst expect is likely, investors will be more interested in what Claude Trichet has to say about the ECB's potential use of quantitative easing. Trichet will likely say the ECB doesn't need to cut the benchmark rate further. However, this is what the ECB has said after each of their other rate reductions. As a result of investor apprehension,


Currency Majors Technical Analysis
April 2, 2009 at 9:18 am
American Session EUR/USD - Euro Dollar 1,3441. EUR USD broke 1,3350 resistance. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The uptrend should continue on 1,3500 resistance (59 pips). Resistances 1,3500 - 1,3630 Supports 1,3350 - 1,3300 GBP/USD - British Pound Dollar 1,4690. GBP USD broke 1,4500 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price


FX Thoughts for the Day
April 2, 2009 at 9:09 am
USD-CHF @ 1.1345/50...Support at 1.1360 ------------------------------------ R: 1.1446 / 1.1501 / 1.1530-52 S: 1.1301 / 1.1107 Dollar-Swiss has fallen during the day towards 1.1360 being pressured over the last couple days by the 100-day MA at 1.1507. Till it honours this Resistance and the Support at 1.1360 mentioned yesterday, a range of 1.1360-1.1507 is quite likely over the next few days. However, on a rise past the 100-day MA, there is good Resistance near 1.1550. But if it were to rise


Currency Technical Report
April 2, 2009 at 8:41 am
EUR/USD Resistance: 1,3285-90/ 1,3310-15/ 1,3350/ 1,3420/ 1,3470/ 1,3520 Support : 1,3260/ 1,3210 1,3170/ 1,3150/ 1,3120/ 1,3100/ 1,3080/ 1,3045/ 1,3000 Comment: Support at 1,3160-70 managed to limit euro's decline and now a consolidation is formed above these levels. As long as price remains above these levels, a move resumption towards 1,3330-40 or 1,3420-40 is possible. A move above important resistance at 1,3340 would have as next target the area of 1,3420-40. We should be cautious due to


The JPY rose near to a two-week high against the EUR
April 2, 2009 at 4:34 am
Good morning from wonderful Hamburg. Next to the G20 summit in London, the rate decision of the ECB and the following statement of the President of the ECB quicken the interest for the FOREX market. Most economists expect a rate cut of 50bps to 1 %. However, we wish you a successful trading day. Market review The EUR fell against 12 of the 16 major currencies on prospects that the European policy makers will reduce the benchmark lending rate to the lowest in at least a


EURO is looking for ECB decision
April 2, 2009 at 3:27 am
EUR The pre-planned short positions from the key resistance range have been realized but with a loss of several points in attainment of minimal assumed targets. OsMA trend indicator having marked the activity parity of both parties gives grounds to presume a possibility of range movement of the rate without clearness in a choice of planning priorities for today. Hence we assume a possibility of pair return to supports 1.3200/20, where it is recommended to evaluate the activity development


Currency Majors Technical Perspective
April 2, 2009 at 3:08 am
EUR/USD Current price: 1.3286 Price maintains Asian Session Bullish Momentum with Violation of 1.3278 Static Resistance with the 20SMA Slope favoring a Test of the 1.3290/3300 Dynamic Resistance handle. Failure in this tight Range sees Correction to 1.3250 to 1.3233, followed by the 1.3200 Handle. Further Downside Sentiment see a Breach of the "loose" Hourly Uptrending Channel @ 1.3187 to 1.3170. RSI Readings are clear with Upside Directionality, and a Continuation brings Static


EUR/USD
April 2, 2009 at 2:38 am
EURUSD looks like pushing up and for now important level is 1.3665. Above this level bulls will have better encouragement to push even higher. But failure to do that could lead to the downside and level 1.2800 still is on the table.


Today's Trading Signals
April 2, 2009 at 2:14 am
The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the


EUR/USD: (1.3265) Double Top off 1.3416 (see graph)
April 2, 2009 at 2:06 am
Drop from 1.3739 highlighting Double Top off 1.3416 and currently back below the daily Downtrendline off high (1.3332 today). Support area at 1.3223 (today's low?), with next levels at 1.3188/ .3165 (daily Bollinger midline/ reaction low hourly + break-up hourly), ahead of 1.3113 (current week low) and 1.3098/ .3093 (50% 1.2457 to 1.3739 + daily envelope bottom/ weekly envelope bottom + 2nd target off 1.3416), where pause favored. Failure to hold would see risk towards 1.3085 (long term


Currency Majors Technical Analysis
April 2, 2009 at 1:46 am
European Session EUR/USD - Euro Dollar 1,3268. EUR USD is in a range between 1,3120 and 1,3340. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. Resistances 1,3295 - 1,3340 Supports 1,3180 - 1,3120 GBP/USD - British Pound Dollar 1,4485. GBP USD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration.


Daily Forex and Dow Jones Recommended Levels
April 1, 2009 at 11:46 pm
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


GBPUSD formed a short term cycle bottom at 1.4110
April 1, 2009 at 10:21 pm
GBPUSD formed a short term cycle bottom at 1.4110 level on 4-hour chart. The rise from 1.4110 is possibly be resumption of the medium term uptrend from 1.3654 (Mar 11 low). Further rise to test 1.4779 previous high resistance is possible in next several days. Initial support is at 1.4380, as long as this level holds, we'd expect the short term uptrend from 1.4110 to continue.


Currency Majors Technical Perspective
April 1, 2009 at 9:38 pm
EUR/USD Current price: 1.3250 The pair is moving in a very tight range between 1.3220 and 1.3260, with volume decreasing in the hourly. Momentum has turned slightly bearish while RSI is too flat to give clear signals. 60 EMA is capping the upside while the 20 SMA is turning to bullish. Clear break above 1.3287 must be seem, although seems unlikely the pair gain momentum pre ECB meeting. Support levels: 1.3225 1.3186 1.3154 Resistance levels: 1.3260 1.3287 1.3310 GBP/USD Current price:


Gold Daily Technical Outlook
April 1, 2009 at 6:19 pm
Comex Gold (GC) Gold's choppy pull back from 967.8 is still in progress and another fall cannot be ruled out as long as 947.40 minor resistance holds. Nevertheless, note that rise from 882.7 is tentatively treated as resumption of recent rally, downside of the fall from 967.8 is therefore expected to be contained above 882.7 low and bring rally resumption. Above 947.4 will suggest that rise from 882.7 has resumed for retesting 1007.7 and then 1033.9 high. However, note that break of 882.7 will


Chart of the Day - EUR/JPY
April 1, 2009 at 1:12 pm
(Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 4/01/2009 – EUR/JPY – Price action on EUR/JPY, a daily chart of which is shown, retraced to a key uptrend support line earlier in the week, and has respected the trendline with a pronounced bullish bounce. This occurs after price hit a clear swing high in the uptrend, around the



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