|
Daily Forex Technicals |
Written by FX Solutions |
Mar 19 10 15:51 GMT |
|
|
Bullish price action on USD/CHF, a daily chart of which is shown, has made a tentative bullish bounce off the key 1.0500 support region. This occurs after around a week of bearishness in the pair. The current bounce places USD/CHF on track to continue the uptrend that has been in place since the November 2009 lows below parity. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by CMS Forex |
Mar 19 10 14:48 GMT |
|
|
1H: The 1H time-frame shows the dramatic decline in the near-term after the start of the US session. Note that the completed retracement rally was a zig zag with a 2-wave A structure and a 3-wave C structure. The wave count is not clear to me here , but the structure suggests that the retracement rally is over, as price action clearly showed. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by TheLFB-Forex.com |
Mar 19 10 13:45 GMT |
|
|
Usd/Chf has made a turning point to the Long side over the last session as expected, after an extended black wave C) found the bottom around 1.5005. An uptrend is now expected to continue with a break through the 1.0650 resistance confirming that a low is in place. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Lloyds TSB |
Mar 19 10 13:09 GMT |
|
|
As per our expectations, Swiss has bounced back from the Support region at 1.0542-36 and we may now expect the pair to move up towards the Resistance region of 1.0641-50 followed by a fall towards 1.0600 in the US Session today. We are holding long at 1.0560. Though we expect the Resistance (1.0641-50) to hold for the coming session, a break above it may push the pair towards 1.0679-99. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FXTechstrategy |
Mar 19 10 12:25 GMT |
|
|
The pair continues to struggle and search for a direction but while trading within its established long term falling channel, it retains its medium term downtrend bias. As that continues to shape up, risk is seen towards its Mar 01’10 high at 89.47 with a clean break through there setting the stage for a further push lower towards its Mar 04’10 low at 88.12 ahead the 87.35 level, its Dec 09’09 low. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FXTechstrategy |
Mar 19 10 11:05 GMT |
|
|
EURUSD - With a strong sell off pushing the pair through its Mar 15'10 low at 1.3638 on Thursday, risk is now seen towards its next downside target located at its Mar 09'10 low at 1.3536. However, despite its current downside pressure, EUR still retains its corrective to consolidation tone unless the 1.3433 level, its 2010 low is recaptured and its medium term declines triggered. On the upside, above the 1.3816 level, its Mar 17'10 high will have to traded to trigger further upside towards the 1.3838 level, its Feb 09'10 high with a loss of there creating scope for further upside gains towards its Feb 03'10 high sited at 1.4025 where a cap is expected |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by iFOREX.bg |
Mar 19 10 10:57 GMT |
|
|
Dollar/Yen is trading hesitantly this week within the small 89.75 - 90.89 range, as seen on the 15 minute chart, in converse with the very negative bank sentiment at around -59%. On Thursday the currency couple dropped down to 89.75, from where it rose to 90.70, closing the day at 90.35. The break of 90.00 support shows vulnerability of the Dollar, which, however still holds the bearish attacks at the new 89.75 support. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by DeltaStock Inc. |
Mar 19 10 10:11 GMT |
|
|
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Varengold Bank |
Mar 19 10 10:07 GMT |
|
|
While the EUR/USD crossed its resistance around the 1.3797 level as shown in the yesterday's report the currency pair rebounded heralded by a long packing Doji close to a bearish trend-line. For the time being it seems that the support around 1.3597 stops the bearish movement. The RSI may show nearly an oversold market even though the short-term moving average is still trading lower than its long-term counterpart and maybe won't suggest a trend-reversal shortly. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Windsor Brokers Ltd |
Mar 19 10 09:22 GMT |
|
|
EURUSD Fresh weakness emerged after yesterday's break through 1.3656/39 key support, extending losses to 1.3586 thus far. This opens way for test of 1.3543/29, 10/05 Mar low and possible attempt at 1.3433 range low. Upside, for now, remains capped by 1.3694 and only clear break here to improve the tone and turn focus to 1.3815. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by iFOREX.bg |
Mar 19 10 08:58 GMT |
|
|
Pound/Dollar continued decreasing on Thursday, in converse with the positive Interbank sentiment at nearly 13%. The Cable depreciated from 1.5327 down to 1.5176, closing the day at 1.5249. On the 3 hour chart the bearish channel has calmed and new range trading has formed on the 1 hour chart, with upward incline. The 1.5375 top from Wednesday is an important resistance level at this stage. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Hedef Online |
Mar 19 10 08:37 GMT |
|
|
After the Fed started to explain the rise of parity acceleration could not be protected. Already as many positive trends and technical indicators do not draw an image. Upon this a problem in Greece is inevitably fall when thousands. Especially Germany-Greece yesterday that occur as long as a drive point is very important. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by India Forex |
Mar 19 10 08:35 GMT |
|
|
The EURUSD is currently trading at 1.3626 levels. Immediate resistance comes near 1.3800-1.3850 levels. We feel that if Euro is able to hold above 1.3550-1.3600 levels in the next 1 week we might head towards 1.3850. If it breaks these resistance levels then we could target further upside till 1.4000 levels. Bias is slight bullish in short term whereas the medium term bias is still intact to bearishness till we see a consistent break of 1.40 levels.EURUSD - 1.3626). Short term Target 1.40 levels. Medium term trend is turning neutral. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by ecPulse.com |
Mar 19 10 07:47 GMT |
|
|
The ongoing negative pressure has caused the pair's pivotal support to complete forming the bearish technical pattern after breaching its neckline at 1.3635. The fact that, trading is below pivotal support levels point might point out a intraday reversal, where we can expect to see a possible bearish intraday trend that will first retest first the mentioned neckline to head towards 1.3525 then the more vital 1.3485. The breach of 1.3680 will make the bearish technical pattern scenario fail and make the bullish direction show in yesterday's reports return. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FOREX Ltd |
Mar 19 10 07:30 GMT |
|
|
Earlier opened and held short positions have had a positive result in attainment of minimal anticipated target. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering the situation as favoring further rate range movement, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 1,0600/20 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,0540/60, 1,0480/1,0500 and (or) further break-out variant up to 1,0420/40, 1,0360/80. The alternative for buyers, as earlier, will be above 1,0660 with the targets of 1,0700/20, 1,0760/80. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Mizuho Corporate Bank |
Mar 19 10 07:27 GMT |
|
|
EURUSD Comment: Still struggling with recent highs around 1.3800 as the Euro remains everyone's pet hate. Moving averages have crossed to bullish and will hopefully limit the downside. Other currencies are leading by a long chalk and this is unlikely to change soon. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by TheLFB-Forex.com |
Mar 19 10 07:19 GMT |
|
|
The major pairs have lost their correlation to each other during the last few day of trading, with the Eur/Usd dropping 140 pips, while the others have held still. In the case of Usd/Jpy and Usd/Chf however, there were some of the most volatile intraday moves ever seen as stand-alone price action in the previous session, that ended up as net sum gains. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by TheLFB-Forex.com |
Mar 19 10 07:17 GMT |
|
|
The euro found some support in the 1.3600 area, but from here the pair is expected to push lower, targeting the 1.3450 area. Greece continues to be a major problem for the Eur, forcing some radical analysts to claim that Eur/Usd will reach parity, in the 1.0000 area. Even if the road is very long until parity is reached, the main trend remains short for now. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Innerfx |
Mar 19 10 07:09 GMT |
|
|
Euro's sell-off continued, extending below $1.36, to as low as 1.3585. Downside remains under pressure as there's no sign of a recovery and the euro may revisit the 1.3450 support zone within the coming sessions. Resistance into the 1.3670-1.3700 region will probably cap the upside in case of a correction. Above 1.37 - short-term uptrend resumes, but for now - focus should stay to the downside. Current exchange rate is 1.3613 @06:58 GMT |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by ecPulse.com |
Mar 19 10 06:51 GMT |
|
|
The GBP/JPY pair is still controlled by the connected bearish harmonic formation as seen on the provided four-hour chart. Thereby, possible bearishness could be seen over intraday basis, supported by the bearish candlesticks formations while a break of 137.30 might bring panic sell-off actions. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FXtechtrade |
Mar 19 10 06:35 GMT |
|
|
EUR/USD Today's support: - 1.3583 and 1.3567(main), where correction is possible. Break would give 1.3542, where correction also may be. Then follows 1.3517. Break of the latter would result in 1.3488. If a strong impulse, we would see 1.3460. Continuation will give 1.3424. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by iFOREX.bg |
Mar 19 10 06:04 GMT |
|
|
The widened budget deficit in Europe and the risk aversion dragged the Euro lower on Thursday, in line with the the Interbank sentiment projection at -16.4%. The currency couple decreased yesterday from 1.3739 down to 1.3590, closing the day at 1.3607. The maintaining of the secondary bullish channel on the 3 hour chart is still valid, especially is we see convincing pull above the nearest resistance and Wednesday's peak at 1.3810, which we will observe for medium term outlook. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FX-Forecaster |
Mar 19 10 04:18 GMT |
|
|
We have an hourly bullish divergence here while 4-hour is oversold. I can't make up my mind whether we'll see a direct recovery or will need to see a dip to the 122.11-33 or even 121.66-88 areas before the recovery. Resistance is currently at 123.41 and while that caps the additional extension lower can be seen. If we see a move down to 121.66-88 first look for a bullish trade set up. Alternatively a direct break above 123.41 should see a retest of the 123.73-95 area. A move above this resistance zone would encourage follow-through to 124.54 and potentially the 125.06-23 highs. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FX Instructor |
Mar 19 10 03:49 GMT |
|
|
The EURUSD had a significant bearish momentum yesterday, break below the bullish channel indicating potential bullish failure testing 1.3530 area even 1.3450/30 key support level. The bias is bearish in nearest term however note that the bullish reversal scenario triggered by the triple bottom formation technically still provide technical bullish scenario. Only a break below 1.3450/35 area could be seen as 'the real' bullish failure targeting 1.3100 area. Immediate resistance at 1.3670 area. Break above that area should trigger further bullish momentum re-testing 1.3800/50 region. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Kshitij Consultancy Services |
Mar 19 10 03:37 GMT |
|
|
Decent recovery in the US Dollar, in line with our broad expectations, as the Greek Tragedy comes back into the limelight. The Euro (1.3620) fell to a low near 1.3586 yesterday and looks set to dip further to about 1.3535 today. It has pulled the Euro-Yen (123.20) lower from the high near 125 on Wednesday. A further dip towards 122.00 looks likely. Dollar-Yen (90.45) continues to trade a sideways range of 89.80-90.70, within a larger downtrend. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by HY Markets |
Mar 19 10 03:34 GMT |
|
|
EUR/USD closed lower on Thursday as it extends the trading range of the past six weeks. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it resumes this winter's decline, the 75% retracement level of the 2008-2009-rally crossing is the next downside target. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Easy Forex |
Mar 19 10 01:58 GMT |
|
|
Euro 1.3605 Initial support at 1.3587 (Mar 15 low) followed by 1.3531 (Mar 11 low). Initial resistance is now located at 1.3818 (Feb 9 high) followed by 1.3839 (Feb 4 high) |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FastBrokers |
Mar 18 10 17:06 GMT |
|
|
Technically speaking, the Aussie multiple downtrend lines serving as technical barriers along with previous March highs. Our 4th tier runs through previous 2010 highs and is our last foreseeable downtrend line. Hence, a breakout beyond our 4th tier could signal more substantial topside movements over the near-term. As for the downside, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/17, and 3/16 lows. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FastBrokers |
Mar 18 10 17:05 GMT |
|
|
Technically speaking, the USD/JPY faces multiple downtrend lines along with intraday, 3/17, and 3/12 highs. Meanwhile, the highly psychological 90 area could continue to have an influence over the USD/JPY’s movements for the near-term. As for the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with intraday and 3/17 lows. . |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FastBrokers |
Mar 18 10 17:04 GMT |
|
|
Technically speaking, the Cable has multiple uptrend lines serving as technical cushions along with intraday and 3/17 lows. As for the topside, the Cable faces multiple downtrend lines along with intraday and 3/17 highs. Our new 3rd tier downtrend line could prove to be a key barometer since it runs through 1/28 highs, or the 1.6275 area. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FastBrokers |
Mar 18 10 17:03 GMT |
|
|
Technically speaking, the EUR/USD faces multiple downtrend lines along with intraday, 3/3, and 3/12 highs. As for the downside, the EUR/USD has several uptrend lines serving as technical cushions along with 3/15 and 3/10 lows. Meanwhile, the psychological 1.35 area is still serving a technical cushion while 1.40 serves as a key psychological barrier. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FX Solutions |
Mar 18 10 15:29 GMT |
|
|
Price action on EUR/USD, a daily chart of which is shown, has formed a rising wedge pattern within the context of an overall downtrend extending from the early December high. This rising wedge occurs after price was once again rejected by 1.3800 resistance, and is a potentially bearish formation that is contingent upon a significant break to the downside. In the event of this strong bearish breakdown, which would lend strength to the robust prevailing downtrend, a key support target to the downside resides in the 1.3400 price region. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by TheLFB-Forex.com |
Mar 18 10 15:02 GMT |
|
|
Cable hit a top at 1.5381, just 20 pips below the 38.2% Fibonacci retracement level of the wave (3) distance. In this zone a turning point on the Short side of the pair is expected to happen in the near-term, since an upward correction of wave (4) could be very near completion. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by CMS Forex |
Mar 18 10 13:02 GMT |
|
|
1H: The near-term chart in the 1H time-frame shows that the market is still held from going above a sharp declining trendline. The current rally attempt therefore has not been convincing, and as I am posting, is turning bearish after testing 123.50. Even if there is a successful short-term rally attempt, the 124.00 level will have some resistance. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Kshitij Consultancy Services |
Mar 18 10 12:58 GMT |
|
|
Failure to sustain on the downside after breaking below the Support at 1.5260 and failure to continue with the bounce back seen from the day's low of 1.5239 above 1.53 is keeping the pair mixed with 50-50 chances of moving on either side in the US session today. On the downside a break below 1.5260 might pull it down towards 1.52. On the upside Resistance is seen in 1.5360-80 region which might be tested on a strong break above 1.53. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by CMS Forex |
Mar 18 10 12:38 GMT |
|
|
The USD/CHF completed a rounded top formation at the end of a bearish Gartley and the previous post was stalking its decline. The market is now testing an important area. The 1.05 powerline is an important level to break below for a bearish market. A break spells another attempt to drop to parity level. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FXTechstrategy |
Mar 18 10 12:34 GMT |
|
|
With an unsustained strength above the 1.3800 region on Wednesday pushing the pair to a lower close at 1.3736 and a follow through lower seen in early trading today, a test of its Mar 09’10 low at 1.3536 could be shaping up. However, despite its current price hesitation, EUR still retains its corrective to consolidation tone unless the 1.3433 level, its 2010 low is recaptured and its medium term declines triggered. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by TheLFB-Forex.com |
Mar 18 10 12:30 GMT |
|
|
Swissy: Price action continues to post important gains compared to the Eur, something that may force the Swiss National Bank to intervene once again in the valuation of Eur/Chf, as has been the case previously when the pair traded at sub-1.5000 levels. Regarding Usd/Chf, the pair is caught between the 50 and the 200-day moving averages. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by TheLFB-Forex.com |
Mar 18 10 12:28 GMT |
|
|
Aussie: Price action started the day near the 0.9230 area, where it meet a resistance trend-line that has held the market since Nov 16 2009. Expectations are that the aussie will be able to push higher, but for now, the market seems more interesting in buying the U.S. rather than Australian dollars. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by TheLFB-Forex.com |
Mar 18 10 12:27 GMT |
|
|
Price action is currently in a near-term downtrend, after it failed for four consecutive days to break above the 1.3800 area. In intra-day trade, the Eur/Usd might find some support in the 1.3600 area, near the 20-day moving average. Additionally, the 1.3600 area was the main swing point of the last few weeks of trading. If 1.3600 fails, a test in the 1.3450 area may happen if S/P futures and oil valuations drop lower. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FXTechstrategy |
Mar 18 10 11:13 GMT |
|
|
Hesitation has set in after GPB rallied strongly higher to as high as 1.5380 level on Wednesday but closed lower at 1.5211. We expect another attempt at the 1.5343/80 levels, its Feb 19'10 low/Mar 17'10 high while the 1.5216 level, its Mar 12'10 high or even the 1.5000 level holds as support. Beyond the 1.5343/80 levelSshould clear the way for further upside towards its bigger resistance standing at the 1.5574 level, its Feb 23'10 high. We expect that level to provide resistance on initial test and then turn the pair back down. To reverse this upside view, its intraday low at 1.4975 printed on Mar 16'10 must be taken out thereby pushing the pair further lower towards its Mar 10'10 high at 1.4871 and then its YTD low at 1.4782 |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by iFOREX.bg |
Mar 18 10 11:06 GMT |
|
|
Dollar/Yen is moving with a slight decrease this week as seen on the 15 minute chart, in line with the negative Bank sentiment projection at around -60%. BoJ kept its economy assessment unchanged for fourth straight month. On Wednesday the currency rose to 90.72, from where decreased down to 90.10, closing the day at 90.30. The 90.00 support was broken down today, and new level at 89.75 is currently limiting the bearish attacks. Break bellow it would confirm Yen's strength. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Varengold Bank |
Mar 18 10 11:05 GMT |
|
|
After the EUR/USD traded close to a bearish trend-line from December till March it recovered and is still trading close to a young bullish trend-line. After the currency pair crossed the bearish trend it touched its next resistance around 1.3797 but failed to cross it. As you can see, the stochastic indicator touched the same high level as two times before which heralded strong bearish movements in the past. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Hedef Online |
Mar 18 10 10:03 GMT |
|
|
After the Fed started to explain the downward trend of the dollar seems to have cut rates. Especially to be traded over 1.3822 per trend can not be said to remain constant. In short, we have the same downward trend continues the trend. News and explanations in response height is up to the moment. As for today is the inspection of numerical operations too close to see the band 1,3630-1,3611 support. In the case of the operation of this band until the rise 1,3690-1,3735 resistance bands can be seen. But do not expect this tape to be broken for the moment. During the day, the future expected inflation figures and unemployment would be good in case of application for this level can be expected to be exceeded. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Finotec Group |
Mar 18 10 09:50 GMT |
|
|
The euro fell for a second day against the dollar and yen amid concern Greece will fail to secure financial assistance from the European Union, reducing the appeal of assets in the 16-nation region. Europe's currency weakened versus 15 of its 16 major counterparts after Dow Jones Newswires said Greece may seek aid from the International Monetary Fund during the April 2-4 weekend. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by DeltaStock Inc. |
Mar 18 10 09:41 GMT |
|
|
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by Windsor Brokers Ltd |
Mar 18 10 09:36 GMT |
|
|
EURUSD Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by FXTechstrategy |
Mar 18 10 09:35 GMT |
|
|
Having cut through its strong supports at the 1.0219/04 levels established in Oct'2009 and Jan' 2010 the past week after many months of price hesitation, threats of a return to parity (1.0000) has now increased. This is premised on its continued weakness which saw it selling off through its psycho level at 1.0100 today. |
|
Read more...
|
|
|
Daily Forex Technicals |
Written by DeltaStock Inc. |
Mar 18 10 09:14 GMT |
|
|
EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. |
|
Read more...
|
|
