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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Technical Archive
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Weekly Technical Update: Consolidation and Some Return to Risk and Commodities
Posted on May 28, 2010 | No CommentsLast week, there was a slide in commodity related currencies, and risk correlated pairs. The Japanese yen and US Dollar were beneficiaries of this environment. This week, we saw this dynamic reverse a bit. Still, this may still be just consolidation setting up for continuation.... -
Technical Analysis for Crosses
Posted on May 28, 2010 | No CommentsOur caught CD leg of the harmonic AB=CD formation was completed, taking the pair towards the technical objectives of yesterday’s reports. Currently, the pair formed bearish candlesticks pattern under the pressure of 161.8% Fibonacci level of BC leg; reviving that the bearishness might dominate the... -
Currency Technical Report
Posted on May 25, 2010 | No CommentsEuro’s rally last week above 1.2350-00 proved weak, and the negative sentiment is back in the markets. The move below 1.2400 canceled our higher targets, at least for the short term, and the tops of 1,2670-75 will now be used as an important resistance... -
FX Technical Commentary
Posted on May 25, 2010 | No CommentsEuro 1.2345 Initial support at 1.2144 (May 19 low) followed by 1.2135 (0.50 of 0.8232-1.6039). Initial resistance is now located at 1.2731 (0.618 of 1.3094-1.2144) followed by 1.2747 (May 12 high) View full post on Technical Analysis -
Weekly Technical Commentary
Posted on May 24, 2010 | No CommentsThough below trendline support and the 9-week moving average last week’s close is not decisive in that it lies at the bottom of the Ichimoku ‘cloud’ and at the 26-day moving average. We think this currency pair will try and cling to this support today... -
Weekly Technical Update: Rotation Out of Risk and Commodity
Posted on May 23, 2010 | No CommentsLast week, I mentioned we should be getting ready for a rotation out of risk into commodity. This week, we saw commodity and commodity related currencies fall sharply. The Yen was a strong performer this week in the risk adverse environment. The Euro however, after... -
Daily Technical Outlook
Posted on May 21, 2010 | No CommentsThe euro managed to overcome the 1.2430/50 resistance yesterday and rallied to as high as 1.2671 earlier today, but it is pulling back below 1.2620 which is the 50% retracement of last down leg from 1.3095 to 1.2145. Upside is slightly favored for now as... -
Forex Technical Update
Posted on May 20, 2010 | No CommentsThe EURUSD is currently trading at 1.2362 and in a very short term correction mode. It might extend till 1.25-1.26 levels. Exporters and traders should go short euro around there for a target of 1.20- 1.22 and below. We had advised exporters to cover at... -
Daily Technical Analysis
Posted on May 20, 2010 | No CommentsThe EURUSD had a significant bullish momentum yesterday after worse than expected US CPI numbers and rumor about ECB intervention, topped at 1.2422 and closed at 1.2412 in a high volatile and tricky market. However earlier today in Asian session the Euro loss some bullish...