|
Forex Weekly Technical Reports
|
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing any type of analytical method, technical or otherwise, is to stick to the basics, which are methodologies with a proven track record over a long period. After finding a trading system that works for you, the more esoteric fields of study can then be incorporated into your trading toolbox.
|
|
Weekly Forex Technicals |
Written by Forex.com |
Mar 10 11 02:19 GMT
|
|
Hawkish commentary from the ECB has seen the EUR shrug off rising bond market concerns for peripheral EU nations, such as Greece and Portugal. Spreads between those countries' bonds and German government bonds have widened to near crisis highs. With pending EU summits likely to disappoint market expectations for a comprehensive solution to the debt crisis there, we think there is more room for the EUR to decline in the weeks ahead. Also, while futures markets have priced in a nearly 100 bps of ECB tightening over the rest of the year, GBP futures show only about 10 bps of BOE tightening is expected, setting the stage for a potential GBP rally should the BOE surprise tomorrow or next month.
|
|
Read more...
|
|
|
Weekly Forex Technicals |
Written by Danske Bank |
Mar 07 11 09:22 GMT
|
|
Market positioning for sustained dollar downtrend. The effective dollar index (as computed by the BoE) has lost nearly 5% over recent months and is currently testing its all-time low from early November last year. Interest rate differentials, commodity prices and global risk sentiment all justify a depreciating dollar, and non-commercial investors have positioned accordingly. Leading up to last week’s ECB meeting, USD11.8bn was added to net short dollar positions and positioning is likely to have become even more stretched following ECB Governor Trichet’s near promise of an April rate hike. Positioning has clearly become a short-term downside risk on EUR/USD; however, given the strong fundamental support, we see less scope for a position squeeze now than previously.
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by Autochartist |
Mar 07 11 03:27 GMT
|
|
USD/KRW has just completed the Rising Wedge chart pattern identified by Autochartist on the daily charts. The Quality of this chart pattern is rated at the average 5 bar level as a consequence of the following values of the Quality Indicators: low Initial Trend (measured at 1 bar level) and significant Uniformity and Clarity (both rated at the 8 bar level). The low Initial Trend corresponds to the sideways price movement that preceded this chart pattern that developed as the price approached very strong support at 1100. The price reversed from this level with a sharp upward impulse that created the first connecting point for the lower support line of this chart pattern. The top of this Rising Wedge formed right at the 50% Fibonacci Correction of the preceding sharp down impulse. The price has recently broken the lower support line of this chart pattern (acting as the support line of the ABC correction to the downward impulse mentioned above), continuing the prevailing major downtrend visible on the daily and the weekly charts. The price is expected to continue falling toward the Forecast Zone located between price levels 1099.41 and 1109.76.
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by FXTechstrategy |
Mar 07 11 03:12 GMT
|
|
USDCHF - With a firm hold below the 0.9297 level, representing its 2011 low and further weakness seen the past week, we are looking for a further run to the downside. In such a case, further weakness is likely towards the 0.9200 level, its last week low with a violation of that level paving the way for further weakness towards the 0.9100 and then the 0.9000 level, all representing its psycho levels. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, for the pair to reverse its current downside vulnerability, a climb back above the 0.9772/83 levels must occur though not likely at its current price levels. This will set the pair up for further strength towards the 0.9913 level, its Dec 08'2011 high and then the 1.0066 level, its Dec 01'2010 high. All in all, with continued bearish offensive seeing the pair extending its broader bearishness the past week, further declines cannot be ruled.
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by Autochartist |
Feb 28 11 03:36 GMT
|
|
AUD/USD has just completed the high Quality Triangle chart pattern on the daily charts. The Quality of this chart pattern is rated at the 7 bar level as result of the low Initial Trend (measured at the 2 bar level), high Uniformity (8 bars) and near-maximum Clarity (9 bars). This chat pattern has developed inside the prevailing uptrend visible on all the long-term charts – daily, weekly and monthly. The low Initial Trend corresponds to the range-bound price market that developed as the price made repeated attempts to move below the 50% Fibonacci Correction of the preceding sharp upward impulse. The first connecting point for the lower support line formed very close to this retracement level. The second and the latest third connecting point for the lower support line of this chart pattern formed at the 38,2% Fibonacci Retracement of the preceding upward impulse, mentioned above. The price has just broken the upper resistance trend line of this chart pattern with the Breakout whose strength is measured at the maximum 10 bar level. The price is expected to rise toward the Forecast Zone set between price levels 1.0285 and 1.0439.
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by Admiral Markets |
Feb 28 11 02:19 GMT
|
|
Presumably, formation of the impulse [a] of 2 comes to an end. Probably, within the limits of its development of the complete the correctional wave (iv) of [a]. However, while the price of it hasn't confirmed, there is the probability of continuation of its development. Nevertheless, after its end, it is possible to expect one more thrust of the price downward as the impulse or the Diagonal Triangle (v) of [a].
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by Danske Bank |
Feb 21 11 11:23 GMT
|
|
Biggest weekly JPY position unwind on record. Non-commercial investors have gone from being net long 31% of open interest to being net short 16% of open interest – and in just one week. With inflation as a major theme on the market, focus has increasingly turned to the continued divergence between USD/JPY and relative rates– with relative rates suggesting USD/JPY levels closer to 90 than the current 83.
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by Admiral Markets |
Feb 21 11 02:54 GMT
|
|
The price has continued growth, however while expectations haven't changed. The presented labelling keeps within the correctional wave b of (ii) which, takes the form of the Double Zigzag. If the assumption is true, after terminations of its wave (c) of [y] of b, it is possible to expect local falling of pair as the impulse or the Diagonal Triangle with of (ii).
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by FXTechstrategy |
Feb 21 11 02:17 GMT
|
|
USDCHF - Having reversed about 80% of its two-week gains to close lower at 0.9444 at the end of the week, we are looking for that weakness to continue in the new week. This development will leave the pair targeting the 0.9327 level at first with a loss of there targeting the 0.9297 level, representing its 2011 low. A cut through that level will call for the resumption of its long-term downtrend towards the 0.9200 level with a violation paving the way for further weakness towards the 0.9100 and then the 0.9000 level, all representing its psycho levels. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, for the pair to reverse its current downside vulnerability, a climb back above the 0.9772/83 levels must occur. This will set the pair up for further strength towards the 0.9913 level, its Dec 08’2011 high and then the 1.0066 level, its Dec 01’2010 high. A cap is likely to occur and turn it back down at that level. All in all, the pair remains vulnerable to the downside in the long-term.
|
|
Read more...
|
|
Weekly Forex Technicals |
Written by FXTechstrategy |
Feb 21 11 02:16 GMT
|
|
EURUSD - Although EUR maintains a bullish bias into the new week, it has a lot of overhead resistance to clear before returning to the 1.4279 level. The first is the 1.3744 level, its Feb 09'2011 high and then the 1.3859 level, representing its Feb 02'2011 high. Once these key levels are broken, EUR will head towards its Nov 08'2010 high at 1.4083 level and the 1.4281 level traded in early Nov 2010. Its weekly RSI is bullish and pointing higher supporting this view. Alternatively, below the 1.3427 level, its Feb 14'2011 will have to occur to annul its present bullish build up and turn attention to the 1.3245 level and then the 1.3000 level
|
|
Read more...
|
|
|
<< Start < Prev 11 12 13 14 15 16 17 18 19 20 Next > End >>
|
|
Page 17 of 21 |
Latest in Technical Analysis
|
Forex Brokers
|
