Archive for the 'Market News' Category

EUR/USD Bullish bias above 1.3395. Update Dec 1, 2011

Tuesday, January 17th, 2012

EUR/USD intraday: bullish bias above 1.3395.
Pivot: 1.3395
Our preference: Long positions above 1.3395 with targets @ 1.353 & 1.357 in extension.
Alternative scenario: Below 1.3395 look for further downside with 1.337 & 1.334 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

EUR/USD Bullish bias above 1.3335. - Nov 30 2011

Tuesday, January 17th, 2012

EUR/USD intraday: bullish bias above 1.3335.Pivot: 1.3335Our preference: Long positions above 1.3335 with targets @ 1.3505 & 1.354 in extension.Alternative scenario: Below 1.3335 look for further downside with 1.3255 & 1.321 as targets.Comment: the immediate trend remains down and the momentum is strong

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Trends Terms:bullish bias above

USD/CAD intraday: Pivot: 1.0295, Nov 30 2011

Monday, January 16th, 2012

USD/CAD intraday: under pressure.Pivot: 1.0295Our preference: Short positions below 1.0295 with targets @ 1.017 & 1.0135 in extension.Alternative scenario: Above 1.0295 look for further upside with 1.038 & 1.043 as targets.Comment: the RSI is bearish and calls for further downside.

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EUROPEAN BANK STOCKS COMING OFF THE BOIL

Monday, January 16th, 2012

They’re about 1% of earlier highs, now up 4% or so on the day. EUR/USD topped at 1.3534 and has eased to 1.3475 at the moment. by FXStreet

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EUR/USD Further upside - Update Nov 29 2011, Part 2

Sunday, January 15th, 2012

EUR/USD intraday: further upside.
Pivot: 1.3320.
Our Preference: LONG positions @ 1.333 with targets @ 1.341 & 1.3435.
Alternative scenario: The downside breakout of 1.332 will open the way to 1.327 & 1.3245.
Comment: the pair has just broken above its former intraday resistance, and should post further advance.
Trend: ST Consolidation; MT Bearish

EUR/USD at NY session lows - Update EUR/USD at NY session lows

Sunday, January 15th, 2012

FXstreet.com (Córdoba) - The EUR/USD extended its retreated during the American session from levels near 1.3400 and pulled back approaching 1.3300. The Euro was able to hold above 1.3300 and currently is hovering around 1.3315/20, consolidating around the same price level it had at the beginning of the Asian session.
According to Slobodan Drvenica, analyst at [...]

GBP/USD key ST resistance at 1.553 - Update 28 Nov 2011

Saturday, January 14th, 2012

GBP/USD intraday: key ST resistance at 1.553
Pivot: 1.5530.
Our Preference: SHORT positions below 1.553 with targets @ 1.5435 & 1.54.
Alternative scenario: The upside penetration of 1.553 will call for a rebound towards 1.5565 & 1.56.
Comment: the RSI lacks upward momentum.

Trends Terms:our preference: long position @ 1 55

USD/JPY Intraday: Update 28 Nov 2011

Saturday, January 14th, 2012

USD/JPY intraday: the upside prevails.
Pivot: 77.30.
Our Preference: LONG positions above 77.3 with 77.85 & 78.1 in sight.
Alternative scenario: The downside penetration of 77.3 will call for a slide towards 77.2 & 77.
Comment: the RSI lacks downward momentum.

EUR/USD Rebound Expected - Update 28 NOv 2011

Friday, January 13th, 2012

EUR/USD intraday: rebound expected.
Pivot: 1.3245.
Our Preference: LONG positions @ 1.326 with targets @ 1.335 & 1.341.
Alternative scenario: The downside breakout of 1.3245 will open the way to 1.3205 & 1.3165.
Comment: the pair remains on the downside, and the RSI is capped by a bearish trend line.

EUR/USD Up during the Asian session - Update 28 Nov 2011

Friday, January 13th, 2012

Forexpros - The Euro was higher against the U.S. Dollar on Sunday.
EUR/USD was trading at 1.3309, up 0.53% at time of writing.
The pair was likely to find support at 1.3213, Friday’s low, and resistance at 1.3568, Tuesday’s high.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.19% to [...]

EUR/USD Intraday: Part 2 - Update 25 Nov 2011

Thursday, January 12th, 2012

EUR/USD intraday: the downside prevails.
Pivot: 1.332
Our preference: Short positions below 1.332 with targets @ 1.322 & 1.32 in extension.
Alternative scenario: Above 1.332 look for further upside with 1.335 & 1.341 as targets.
Comment: the pair has broken below its support and remains on the downside, the RSI is badly directed.

GBP/USD intraday: Update 25 Nov 2011

Wednesday, January 11th, 2012

GBP/USD intraday: capped by a negative trend line.
Pivot: 1.5500.
Our Preference: SHORT positions below 1.55 with 1.5435 & 1.54 as next targets.
Alternative scenario: The upside penetration of 1.55 will call for a rebound towards 1.553 & 1.557.
Comment: the pair remains capped by a bearish trend line, and the RSI is badly directed.

EUR/USD Intraday: Update 25 Nov 2011

Wednesday, January 11th, 2012

EUR/USD intraday: the downside prevails.
Pivot: 1.3370.
Our Preference: SHORT positions below 1.337 with 1.3275 & 1.324 in sight.
Alternative scenario: The upside penetration of 1.337 will call for 1.341 & 1.343.
Comment: the pair remains on the downside, and the RSI is capped by a bearish trend line.
Trend: ST Consolidation; MT Bearish

Forex: EUR/USD looking support above 1.3300

Tuesday, January 10th, 2012

FXstreet.com – The EUR/USD reached a fresh 7-week low at 1.3315 after the meeting of French, German and Italian leaders. Currently the pair is slowly moving off the lows and trades above 1.3340, at the same price it had at the beginning of the day.
“The pair finished the session lower after Germany’s Merkel says [...]

MIG Bank AUD/USD: Unwinding from oversold conditions

Tuesday, January 10th, 2012

MIG Bank ? AUD/USD is unwinding from oversold conditions, following its accelerated decline through the 1.0000 psychological level.
The move must be sustained below 1.0000 to further compound downside pressure on the rate’s multi?year uptrend and push back towards 0.9611. More..
Trends Terms:unwind aud/usd whenaudusd entry level