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Trade Idea: USD/CHF – Buy at market level

admin — Tue, 13 Jul 2010 05:51:29 +0000

Although the intra-day brief drop to 1.0582 stopped out our long position, as the greenback found decent demand at 1.0582 and has rebounded, suggesting as long as this level holds, consolidation with upside bias remains for another test of 1.0676 (yesterday’s high), above there would signal the rise from 1.0481 low has resumed for a stronger retracement of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481 and previous resistance)

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AUDUSD: Bullish Momentum Set For The 0.8858 Level

admin — Fri, 09 Jul 2010 02:54:29 +0000

AUDUSD: With a third day of upside momentum triggered off the 0.8315 level threatening further upside gains after climbing back above the 0.8500/65 zone on Wednesday, risks are now developing for a retarget of the 0.8858 level, its Jun 21′10 high. A decisive break and hold above there will allow View full post on Technical Analysis

USDJPY: Threatening To Recapture The 86.96 Level

admin — Wed, 07 Jul 2010 18:30:56 +0000

With a marginally higher close after turning off its intra day high at 87.79 seen on Tuesday, USDJPY was seen weakening and threatening the 86.96 level, its July 01′10 low in today’s trading session. On a violation of the 86.96 level, further weakness should shape up towards the 84.80 level, its 2010 low. View full post on Technical Analysis

EURUSD: Strengthing With Eyes On The 1.2671 Level

admin — Wed, 07 Jul 2010 01:55:34 +0000

With a firm hold above the 1.2466 level, its Jun 21′10 high, the stage is now set for a run at its major resistance residing at the 1.2671 level, its May 21′10 high. This is coming on the heels of its nearer term uptrend resumption. A clean break and hold View full post on Technical Analysis

EURUSD: Strength To Aim At The 1.2671 Level

admin — Sun, 04 Jul 2010 18:13:13 +0000

Having conquered the 1.2466 level, its Jun 21′10 high following its Thursday rally and Friday strength, the stage is now set for a run at its major resistance residing at the 1.2671 level, its May 21′10 high. A clean break and hold above there will call for a further push View full post on Technical Analysis

USDJPY: Weakness To Develop Towards The 84.80 Level

admin — Sat, 03 Jul 2010 10:53:50 +0000

USDJPY: The pair is now developing downside momentum for a return to its major support at the 84.80 level, its Nov’2009 low after an upside price rejection saw it cutting through its short term rising trendline earlier in the week. The pair had rallied off the 84.80 level in Nov’2009 View full post on Technical Analysis

GBPUSD: Bullish Momentum To Target The 1.5308 Level

admin — Sat, 03 Jul 2010 04:31:16 +0000

As a sharp rally saw the pair wiping out its corrective weakness from the 1.5127 level to close higher at 1.5161 on Thursday, risk of further strength is now set to extend towards the 1.5308 level, its May’10 high. This price action has resumed GBP’s nearer term uptrend started from View full post on Technical Analysis

EURUSD: Strengthening And Targeting The 1.2396 Level

admin — Fri, 02 Jul 2010 00:11:52 +0000

Having reversed higher from its .50 Fib Ret (1.1875-1.2466 rally) at 1.2169 and the 1.2162 level, its Jun 14′10 low on Wednesday to close higher at 1.2303, risk of a return to its Jun 28′10 high at 1.2396 continues to shape up. A break of there will push EUR further View full post on Technical Analysis

GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level

admin — Mon, 28 Jun 2010 20:46:51 +0000

GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level

GBPUSD: Our call for continued strength in our weekly analysis materialized today as GBP rallied further and built on its past week gains in Monday trading session. The nearer term target set in the mentioned analysis stands at the 1.5308 level, its View full post on Technical Analysis

EURUSD – Risk Still See Towards 1.2466 Level

admin — Mon, 28 Jun 2010 11:18:50 +0000

Although price hesitation saw the pair turning off its corrective recovery high at 1.2466 to close the week marginally lower, that level is still being targeted as long as EUR holds above the 1.2208 level, its Jun 23′10 low. Additionally, despite this price action, the pair continues retain a larger View full post on Technical Analysis