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Forexpros.com Daily Analysis - 01/12/2009
forexfusion
post Dec 1 2009, 01:47 AM
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Forexpros Daily Analysis Dec 01, 2009


Special Webinar on Forexpros: Strategic & Tactical FOREX Trading

Hosted by: Wayne McDonell of FXBootcamp
Thu, Dec 3, 2009, 11:00 EST

In this educational presentation you will learn how to use technical analysis to align market and price forces for better trading opportunities with potentially less risk. Trade planning, with the use of moving average entries and pivot point exits, will be discussed in an easy to understand "how to" manner.


Click here to join the webinar.

---

Fundamental News:

The U.S Department of Labor will release The ADP Nonfarm Employment Change report tomorrow (Dec 2)
The ADP National Employment Report is a measure of the monthly change of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 400,000 U.S. business clients.
This release, 2 days before the government-released employment data , is a good predictive to the government's non-farm payrolls data. The change in this indicator can be very volatile.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Analysts predict tomorrow's measure to stand at -148.00k, a substantial change from last month's -203.00k.

For more fundamental news, check out the Forexpros
Economic Calendar

---

Euro Dollar:

The Euro broke the support 1.5043 but it only reached 1.4970, without testing the important support area 1.4955-1.4924. And now, it is going back up, closing on almost the same levels that we were at yesterdays morning. Te price tried to break 1.4970 twice, yesterday, then in the Asian session, without succeeding in doing that. This indicate that this support is important, but we will adopt 1.4985 as support of the day. Where the resistance is found at the falling trendline from last weeks top 1.5143, and that line is currently at 1.5050. Breaking any of them would deliver the next move direction. Breaking 1.5050 will lead to a test of this years high 1.5143 once again, and may be 1.5200 after that. Breaking the support 1.4985 would target Fibonacci 61.8% for the short-term at 1.4924, and this is a crucial support, if broken we will target 1.4867.

Support:
1.4985: intraday support.
1.4924: Fibonacci 61.8% for the short-term.
1.4867: important intraday support from last week.

Resistance:
1.5050: the falling trend line from 1.5143 (this years high and last weeks top).
1.5144: resistance area from 2008.

---


USD/JPY:


Dollar-Yen broke through both the resistance & support without creating any major moves, except for nearing the first target 87.50 after breaking the resistance 87.00. the current rise is invited to show strength at Fibonacci 61.8% at 87.50, and if it succeeds in doing so, then a test of the bottom of the supposed wedge formation at 88.33 is to be expected, and if this important resistance is also broken, the next target will be the top of that formation which is currently at 88.84. todays support is yesterdays resistance 87.00, and breaking it would mean a continuation of the downtrend after some rising bounces. This trend would target the rising trendline from last weeks bottom on the hourly chart, which is currently at 86.44, first, then yesterdays low 85.84. The trend is down, and the Yen strength is still expected, but we should be aware of the possibility of interventions by the Japanese government that would left this pair many steps up!

Support:
87.00: short-term support.
86.44: the rising trendline from Thursdays low.
85.84: yesterdays low.

Resistance:
87.50: Fibonacci 61.8% short-term (for the move from 89.17 to 84.81).
88.33: the bottom of the supposed wedge formation.
88.84: the top of the supposed wedge formation.


Forex Trading Analysis by Forexpros

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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forexfusion
post Dec 1 2009, 02:20 AM
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Forexpros Fundamental Weekly Outlook, Nov 30-Dec 4,2009

EU:
• Monday: Germany Retail Sales MoM (Previous -0.5%, Forecast N/A) & YoY (Previous -3.9%, Forecast N/A).
• Tuesday: Euro-Zone PMI Manufacturing (Previous 51, Forecast N/A), Unemployment Rate (Previous 9.7%, Forecast N/A). Germany PMI Manufacturing (Previous 52, Forecast N/A), Unemployment Rate (Previous 8.1%, Forecast N/A).
• Wednesday: Euro-Zone PPI MoM (Previous -0.4%, Forecast N/A) & YoY (Previous -7.7%, Forecast N/A).
• Thursday: Euro-Zone PMI Services (Previous 53.2, Forecast N/A), France Unemployment Rate (Previous 9.5%, Forecast N/A), PMI Services (Previous 60.4, Forecast N/A). Germany PMI Services (Previous 51.5, Forecast N/A). Euro-Zone Retail Sales MoM (Previous -0.7%, Forecast N/A) & YoY (Previous -3.6%, Forecast N/A). Euro-Zone GDP QoQ (Previous 0.4%, Forecast N/A) & YoY (Previous -4.1%, Forecast N/A). ECB Interest Rates (Previous 1.00%, Forecast N/A) & Trichet Monthly News Conference.

US:
• Monday: Chicago PMI (Previous 54.2, Forecast 53).
• Tuesday: ISM Manufacturing (Previous 55.7, Forecast 54.8 ) .
• Wednesday: Fed's Beige Book (Text Report).
• Thursday: Initial Jobless Claims (Previous 466k, Forecast 488k). ISM Non-Manufacturing (Previous 50.6, Forecast 51.3).
• Friday: Change in Nonfarm Payrolls (Previous -190K, Forecast -100K). Unemployment Rate (Previous 10.2%, Forecast 10.2%). Factory Orders (Previous 0.9%, Forecast 0.4%).

JP:
• Monday: Housing Starts YoY (Previous -37.0%, Forecast N/A).
• Thursday: Capital Spending (Previous -21.7%, Forecast N/A).

UK:
• Monday: GfK Consumer Confidence Survey (Previous -13, Forecast N/A). M4 Money Supply MoM (Previous 1.8%, Forecast N/A) & YoY (Previous 11.0%, Forecast N/A).
• Tuesday: Nationwide House Price Index MoM (Previous 0.4%, Forecast 0.3) & YoY (Previous 2.0%, Forecast 2.4%). PMI Manufacturing (Previous 53.7, Forecast N/A).
• Thursday: PMI Services (Previous 56.9, Forecast N/A).

AU:
• Monday: New Home Sales MoM (Previous -4.5%, Forecast N/A), Private Sector Credit (Previous 1.7%, Forecast N/A).
• Tuesday: Building Approvals MoM (Previous 2.7%, Forecast N/A) & YoY (Previous 11.7%, Forecast N/A). RBA CASH TARGET (Previous 3.50%, Forecast 3.75%).
• Thursday: Retail Sales MoM (Previous -0.2%, Forecast N/A).

CA (CAD/USD):
• Monday: GDP MoM (Previous -0.1%, Forecast N/A) & QoQ (Previous -3.4%, Forecast 1.0%).
• Friday: Unemployment Rate (Previous 8.6%, Forecast N/A), Net Change in Employment (Previous -43.2K, Forecast N/A). Ivey Purchasing Managers Index (Previous 61.2, Forecast N/A).

---


Forex trading analysis by Forexpros - Written by Munther Marji

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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forexfusion
post Dec 2 2009, 05:51 AM
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Forexpros Daily Analysis Dec 2, 2009


Special Event Tomorrow on Forexpros.com: Strategic & Tactical FOREX Trading with Wayne McDonell

Start: Thu, Dec 3, 2009, 11:00 EST/ 16:00 GMT

Forexpros is proud to host a Webinar featuring Wayne McDonell, one of today's top experts on Forex Trading, who will be speaking on our website this Thursday (Dec 3).

In his educational presentation, Wayne will teach how to use technical analysis to align market and price forces for better trading opportunities with potentially less risk. Trade planning, with the use of moving average entries and pivot point exits, will be discussed in an easy to understand "how to" manner.

Click here to join this exciting lecture. Attendance is FREE.

About Wayne:

Mr.McDonell is the Chief Currency Coach at FX Bootcamp, a live forex training organization that teaches traders how to develop conservative trade plans based on technical and fundamental analysis, as well as addressing the psychological aspects of being a trader; all in real-time.

---

Interest Rate Decision

The EU Central Bank will announce the new monthly short term interest rate tomorrow (Dec 2nd).
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the EUR, while a lower than expected rate is negative/bearish for the EUR.
Analysts expect tomorrow's interest rate to remain stable at 1.00%.

For more on
interest rates see Forexpros.

---

Euro Dollar

The Euro broke the resistance 1.5050 but settled for 1.5116 only, without reaching the first suggested target 1.5144. This morning it started to fall and get closer little by little to the first important trendline which is currently at 1.5058. We believe that testing this line is only a matter of time. And if the Dollar succeeds in breaking this line, it would put the Euro under pressure, because that break would mean that we are already in a correction for the whole move from 1.4827. Such a correction would take this pair to Fibonacci 50% for the short-term at 1.4972 as a first target, and may be Fibonacci 61.8% at 1.4937 as a second target & an important support. On the other hand, short-term resistance is at 1.5101, and only breaking it would improve the “exhausted” technical outlook. If this break happens, it will target 1.5200 first, and may be 1.5260 later. But, as long as we are below 1.5101 exhaustion will lead this pair downwards to test several support levels and important trendlines.

Support:
• 1.5058: the rising trendline from 1.4827 on the hourly chart.
• 1.4972: Fibonacci 50% for the short-term.
• 1.4937: Fibonacci 61.8% for the short-term.

Resistance:
• 1.5101: important intraday resistance from yesterday.
• 1.5200: resistance area from 2008.
• 1.5260: resistance area from 2008.

---

USD/JPY

Dollar-Yen stopped with astonishing accuracy at Fibonacci 61.8% at 87.50, as yesterday’s high was 87.51! Stopping at Fibonacci resistance levels indicates that the trend is still down. This makes us expect that the whole up-move from 84.81 is only a correction, that will ends once we break the rising trend channel, and then the downtrend will come back to search for new lows. Fibonacci 61.8% at 87.50 is still the most important resistance, and if price succeeds in breaking it, then a test of the bottom of the supposed wedge formation at 88.28 is to be expected, and if this important resistance is also broken, the next target will be the top of that formation which is currently at 88.72. today’s support is yesterday’s 86.84, and breaking it would mean a continuation of the downtrend after some rising bounces. That would target the bottom of the rising trend channel from last week’s bottom on the hourly chart, which is currently at 85.84, and if broken we will test 84.81. Fibonacci says the trend is down, and the Yen strength is still expected, but we should be aware of the possibility of interventions by the Japanese government that would left this pair many steps up!

Support:
• 86.84: short-term support.
• 85.84: the bottom of the rising trend channel from last weeks bottom.
• 86.44: last week’s low.

Resistance:
• 87.50: Fibonacci 61.8% short-term (for the move from 89.17 to 84.81).
• 88.28: the bottom of the supposed wedge formation.
• 88.72: the top of the supposed wedge formation.

---

Forex Trading Analysis by Forexpros.

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved
Technical Studies Section.

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forexfusion
post Dec 3 2009, 05:20 AM
Post #4


MMG Member
**********

Group: Member
Posts: 376
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Member No.: 177,180



Forexpros Daily Analysis Dec 3, 2009

Special Event Today on Forexpros.com: Strategic & Tactical FOREX Trading with Wayne McDonell

Start: Thu, Dec 3, 2009, 11:00 EST/ 16:00 GMT

Forexpros is proud to host a Webinar featuring Wayne McDonell, one of today's top experts on Forex Trading, who will be speaking on our website this Thursday (Dec 3).
In his educational presentation, Wayne will teach how to use technical analysis to align market and price forces for better trading opportunities with potentially less risk. Trade planning, with the use of moving average entries and pivot point exits, will be discussed in an easy to understand "how to" manner.


Click here to join this exciting lecture. Attendance is FREE.

About Wayne:

Mr.McDonell is the Chief Currency Coach at FX Bootcamp, a live forex training organization that teaches traders how to develop conservative trade plans based on technical and fundamental analysis, as well as addressing the psychological aspects of being a trader; all in real-time.

---

Unemployment Rate Report

The US Bureau of Labor Statistics will publish its monthly Unemployment Rate report tomorrow (Dec 4). The report is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the US.
A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in the US and should be taken as positive for the USD.
Analysts predict tomorrow’s rate to remain stable at 10.20%.

---

Euro Dollar

The Euro moved in a tight range without any meaningful moves technically. That kept the Euro above the rising trendline from 1.4827. We believe that testing this line is only a matter of time. And if the Dollar succeeds in breaking this line, it would put the Euro under pressure, because that break would mean that we are already in a correction for the whole move from 1.4827. Such a correction would take this pair to Fibonacci 50% for the short-term at 1.4972 as a first target, and may be Fibonacci 61.8% at 1.4937 as a second target & an important support. On the other hand, short-term resistance is at 1.5143, and only breaking it would improve the “exhausted” technical outlook. If this break happens, it will target 1.5200 first, and may be 1.5260 later. But, as long as we are below 1.5143 exhaustion will lead this pair downwards to test several support levels and important trendlines.

Support:
• 1.5072: the rising trendline from 1.4827 on the hourly chart.
• 1.4972: Fibonacci 50% for the short-term.
• 1.4937: Fibonacci 61.8% for the short-term.

Resistance:
• 1.5143: November 25th top.
• 1.5200: resistance area from 2008.
• 1.5260: resistance area from 2008.

---

USD/JPY

In spite of dropping 100 pips from Fibonacci resistance at 87.50, the price came back to break it, and it is approaching 88 this morning. We might hear later that this rise was caused by a series of small or “mild” interventions, in order to weaken the Yen. The matter of intervention continue to be important in these areas, and since the Japanese government do not announce that they did for w a while after the intervention, there is no way to predict when and where they are going to do it. Technically speaking, the price is heading now towards the top of the channel that is rising from last week’s bottom. This top is at 88.18, and it is resistance of the day. If broken the Dollar will continue to show strength, and will target the top of the supposed wedge formation at 88.58, and may be then we will see a test of November 23rd top 89.17. Support is provided by the rising trendline from this week’s low, which is currently at 87.29, breaking it would target 86.72 & 86.28.

Support:
• 87.29: the rising trendline from Monday’s low.
• 86.72: intraday top from last week.
• 86.28: the bottom of the rising trend channel from last weeks bottom.

Resistance:
• 88.18: the top of the rising trend channel from last weeks bottom.
• 88.72: the top of the supposed wedge formation.
• 89.17: Nov 23rd high.

---


Forex Trading Analysis by Forexpros. For more Forex news go to Forexpros.

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved
Technical Studies Section.



This post has been edited by forexfusion: Dec 3 2009, 05:22 AM
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Virus
post Dec 4 2009, 03:44 PM
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Bank failure tally reaches 128
Regulators shutter Cleveland-based AmTrust Bank and three small Georgia banks. Closures will cost the FDIC $2.285 billion.
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Virus
post Dec 7 2009, 12:51 PM
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President Obama will propose using $200 billion from the Troubled Asset Relief Program (TARP) to support creating jobs, White House officials confirmed Monday.

The president, in an economic speech before the Brookings Institution on Tuesday, will argue that the money would be well spent by funding projects to build bridges and roads, weatherize homes, and provide other assistance for small businesses as well as the unemployed.

Congress in October 2008 authorized President George W. Bush's plan for $700 billion for TARP to bail out the nation's largest banks and financial institutions. But the banks have been repaying their loans faster than expected, so the government finds itself with untapped TARP money that it potentially could use for other domestic programs.
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forexfusion
post Dec 8 2009, 01:51 AM
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Forexpros Daily Analysis Dec 8, 2009


Free Webinar On Forexpros: Using Time and Patterns to Pinpoint Entry and Exit Points

Hosted by: Raghee Horner of Auto Chartist
Thu, Dec 10, 2009, 08:00 EST/13:00 GMT

Where are the currency markets headed? How can I take advantage of time and expected pip movement to identify opportunities? How to filter out and confirm set ups? What strategies can I employ to limit risk? Join Raghee Horner, a best-selling author and professional trader with over 15 years experience, as she applies unique trading methodology to helping you trade your views in the forex market. Raghee will also help you to identify the market cycle and learn to set up and use her 34ema Wave allowing you to effectively position yourself in the markets.


Click Here To Join Free

---

Fundamental Analysis: Interest Rate Decision

The Reserve Bank of New Zealand (RBNZ) will release its decision on short term interest rate Tomorrow (Dec 9).
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the NZD, while a lower than expected rate is negative/bearish for the NZD.

Analysts forecast Tomorrow's rate to remain stable at 2.50%.

---


Euro Dollar Falling 5 waves & an awaited upward correction

The Euro broke the support 1.4850 and successfully reached the first target 1.4760, stopping just 5 pips below it, and bouncing back more than 130 pips. We can see a very clear set of 5 waves falling from 1.5139 (as illustrated on the attached chart), that match all of Elliott waves rules. And if our wave count is correct, that means 2 things: first the first phase of the falling trend from 1.5139 is over, and that calls for an upward correction. And the second is that after that upward correction that matches the falling move, the falling trend will resume to new lows below 1.4755! Short-term support is Fibonacci 61.8% at 1.4806, and if broken the odds of falling below yesterdays low will be enormous. Our targets for such a drop are 1.4724 & 1.4649. Whereas the resistance is at 1.4844, and breaking it would mean launching an upward correction that ideally targets 1.4947 & 1.4992.

Support:
1.4806: Fibonacci 61.8% for the short-term.
1.4724: Fibonacci 38.2% for the whole rise from 1.4045.
1.4649: Oct 7th low.

Resistance:
1.4896: intraday resistance.
1.4947: Fibonacci 50% for the drop from 1.5139
1.4992: Fibonacci 61.8% for the drop from 1.5139

---


USDJPY Standing on the edge!

As we expected in yesterdays report when we said a falling correction is the most logical expectation after a move of the size we seen on Friday, Dollar-Yen broke the support 89.52 and fell to reach 88.75 this morning. It seems that we are standing on an important support, because we have actually touched the trendline rising from 85.07. That is why we will consider this line as the most important support of the day, which is currently at 88.75, and we are just pips above it. If this line is broken, the falling correction will go on and target 88.33 first, and then the important Fibonacci 50% support for the whole rise from 84.81at 87.78. But, if price manage to survive the touch of this line, it will be ready for another jump that is expected to break short-term resistance 89.13 and target 89.75 first, and then November 12th top 90.59.

Support:
88.75: the rising trendline from 85.07 on the hourly chart.
88.33: previous well known support/resistance area.
87.78: Fibonacci 50% for the whole move from 84.81 to 90.75.

Resistance:
89.13: intraday resistance on the hourly chart.
89.75: Fibonacci 50% for short-term.
90.59: Nov 12th high.

Forex Trading Analysis written by Munther Marji for Forexpros

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved
Technical Studies Section.

Go to the top of the page
 
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forexfusion
post Dec 8 2009, 04:51 AM
Post #8


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Group: Member
Posts: 376
Joined: 29-July 09
Member No.: 177,180



Forexpros Fundamental Weekly Outlook, Dec 08-Dec 11,2009

EU:
Monday: Euro-Zone Sentix Investor Confidence (Previous -7, Forecast N/A). Germany Factory Orders MoM (Previous 0.9%, Forecast 0.8%). & YoY (Previous -13.1%, Forecast -6.2%).
Tuesday: Bank of France Business Sentiment (Previous 95.0, Forecast N/A). Germany Industrial Production MoM (Previous 2.7%, Forecast 1.0%) & YoY (Previous -12.9%, Forecast -10.2%).
Wednesday: Germany Trade Balance (Previous 10.6B, Forecast 10.7B). Germany Current Account (Previous 9.4B, Forecast 9.4B). Germany Consumer Price Index (CPI) MoM (Previous -0.2%, Forecast -0.2%) & YoY (Previous 0.3%, Forecast 0.3%).
Thursday: France Industrial Production MoM (Previous -1.5%, Forecast 0.6%) & YoY (Previous -10.4%, Forecast -6.7%)

US:
Wednesday: Wholesale Inventories (Previous -0.9%, Forecast -0.5%).
Thursday: Trade Balance (Previous -36.5B, Forecast -37.0B), Initial Jobless Claims (Previous 457K, Forecast 465K).
Friday: Retail Sales (Previous 1.4%, Forecast 0.6%), Retail Sales Less Autos (Previous 0.2%, Forecast 0.5%). University of Michigan Confidence (Previous 67.4, Forecast 68.5). Business Inventories (Previous -0.4%, Forecast -0.2%).

JP:
Monday: Official Reserve Assets (Previous 1056.88B, Forecast N/A), Current Account (Previous 1567.9B, Forecast 1483.2B).
Tuesday: Trade Balance (Previous 599.2B, Forecast 862.3B). Bank Lending (Previous -1.5%, Forecast N/A), Eco Watchers Survey: Current (Previous 40.9, Forecast 40.0) & Outlook (Previous 42.8, Forecast N/A).
Wednesday: Gross Domestic Product (GDP) QoQ (Previous 1.2%, Forecast 0.7%A), & YoY (Previous 4.8%, Forecast 2.8%).
Thursday: Machine Orders MoM (Previous 10.5%, Forecast -4.5%) & YoY (Previous -22.0%, Forecast -21.0%).
Friday: Consumer Confidence (Previous 40.8, Forecast N/A).

UK:
Tuesday: Industrial Production MoM (Previous 1.6%, Forecast 0.5%) & YoY (Previous -10.3%, Forecast -7.6%).
Wednesday: Trade Balance (Previous -3469M, Forecast -3175M).
Thursday: Bank of England Interest Rate Decision (Previous 0.50%, Forecast 0.50%)
Friday: PPI Output MoM (Previous 0.2%, Forecast 0.3%) & YoY (Previous 1.7%, Forecast 2.9%).

AU:
Monday: AiG Perf of Construction Index (Previous 50.9, Forecast N/A).
Tuesday: Current Account (Previous -13347M, Forecast -16650M).
Wednesday: Westpac Consumer Confidence (Previous -2.5%, Forecast N/A). Trade Balance (Previous -1849M, Forecast -1805M).
Thursday: Unemployment Rate (Previous 5.8%, Forecast 5.9%). Employment Change (Previous 24.5K, Forecast 5.0K).

CA:
Monday: Building Permits (Previous 1.6%, Forecast 1.0%).
Tuesday: Bank of Canada Rate (Previous 0.25%, Forecast 0.25%).
Thursday: Trade Balance (Previous -0.9B, Forecast -0.7B)

Fundamental
Forex Weekly Outlook by Forexpros
Stay updated with all events relevant to trading with the Forexpros
Economic Calendar

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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forexfusion
post Dec 9 2009, 02:31 AM
Post #9


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Member No.: 177,180



Forexpros Daily Analysis Dec 9, 2009

Free Webinar On Forexpros: Using Time and Patterns to Pinpoint Entry and Exit Points

Hosted by: Raghee Horner of Auto Chartist
Thu, Dec 10, 2009, 08:00 EST/13:00 GMT

Where are the currency markets headed? How can I take advantage of time and expected pip movement to identify opportunities? How to filter out and confirm set ups? What strategies can I employ to limit risk? Join Raghee Horner, a best-selling author and professional trader with over 15 years experience, as she applies unique trading methodology to helping you trade your views in the forex market. Raghee will also help you to identify the market cycle and learn to set up and use her 34ema Wave allowing you to effectively position yourself in the markets.


Click Here To Join Free

---

Fundamental Analysis: Trade Balance Index

The US Bureau of Economic Analysis will release the Trade Balance index report Tomorrow (Dec 10), which measures the difference in worth between exported and imported goods (exports minus imports).
This is the largest component of the US's balance of payments.
Export data gives a reflection on the US growth. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the USD.
Analysts expect tomorrow's Index to remain stable since last month, indicating a defacit of 36.50 Billions Dollars.

---


Euro Dollar

The Euro slightly surpassed the resistance 1.4844 before completely surrendering to the downtrend. It dropped and successfully reached the first target 1.4724, and came somehow close to the second target 1.4649 (the low until this very moment is 1.4667). In spite of this big drop, we still have not made it yet to Fibonacci 38.2% for the long term (for the rise from 1.3747) at 1.4610. Short-term support is at 1.4649, and breaking it would mean we will be targeting the above mentioned Fibonacci level first at 1.4610, and then the support area 1.4510/1.4518 that includes several daily bottoms. Short-term resistance is at the Asian session high 1.4734, breaking it would mean that the Euro will have a chance to catch a breath after this big drop. Breaking this resistance will target at least 1.4847, and may be 1.4903 as well.

Support:
• 1.4649: Oct 7th low.
• 1.4610: Fibonacci 38.2% for the long-term (for the rise from 1.374).
• 1.4510: previous support area that includes several daily lows.

Resistance:
• 1.4734: Asian session high.
• 1.4847: Fibonacci 38.2% for the drop from 1.5139
• 1.4903: Fibonacci 50% for the drop from 1.5139

---


USD/JPY

Dollar-Yen broke the rising trendline from 85.07 at 88.75 and successfully reached the first target 88.33. Breaking this line indicates there is a continuation of the downside pressures, that emerged after Friday’s top, and if it continues, we will break today’s support which is yesterday’s low 88.16, and would target Fibonacci 50% at 87.78 first, and may be the most important support for the time being : Fibonacci 61.8% for the whole up-move from 84.81 at 87.08. But as we can see from the attached chart, the drop stopped at the moving average SMA100, which could provide a chance for a bounce back up, in what could be (at least) a correction for the drop from Friday’s top. In this case the price will break intraday resistance at 88.48, and would ideally target the area that is bordered by Fibonacci 38.2% for the short-term at 89.15 & Fibonacci 61.8% at 89.76.

Support:
• 88.16: yesterday’s low.
• 87.78: Fibonacci 50% for the whole move from 84.81 to 90.75.
• 87.08: Fibonacci 61.8% for the whole move from 84.81 to 90.75.

Resistance:
• 88.48: intraday resistance.
• 89.15: Fibonacci 38.2% for short-term.
• 89.76: Fibonacci 38.2% for short-term.

---


Forex Trading Analysis written by Munther Marji for Forexpros. For a comprehensive directory of Forex brokers see Forexpros.

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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forexfusion
post Dec 10 2009, 02:07 AM
Post #10


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Forexpros Daily Analysis Dec 10, 2009


Free Webinar On Forexpros TODAY: Using Time and Patterns to Pinpoint Entry and Exit Points

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Thu, Dec 10, 2009, 08:00 EST/13:00 GMT

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---

Fundamental Analysis: US Census Bureau

The US Census Bureau will release the Core Retail Sales report tomorrow (Dec 11).
The report is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US, excluding auto. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy .
Analysts predict tomorrow's report to indicate a rate of 0.60%, an increase form last month's rate of 0.20%.

---


Euro Dollar

The Euro surpassed the resistance 1.4734 without being able to advance, but at the same time, it did not break or approach the support 1.4649. It seems that the fluctuation we have seen has started building a small triangle pattern, with its limits at 1.4734 & 1.4681, and breaking any of these limits is what will set the direction for the short-term. If we break support at 1.4681 we will target Fibonacci 38.2% (for the rise from 1.3747) which is now closer than ever at 1.4610, and then the support area 1.4510/1.4518 that includes several daily bottoms. Short-term resistance is at the supposed triangle pattern limit 1.4734, breaking it would mean that the Euro will have a chance to catch a breath after this big drop. Breaking this resistance will target at least 1.4847, and may be 1.4903 as well.

Support:
• 1.4681: the lower limit for the supposed triangle pattern.
• 1.4610: Fibonacci 38.2% for the long-term (for the rise from 1.374).
• 1.4510: previous support area that includes several daily lows.

Resistance:
• 1.4734: the upper limit for the supposed triangle pattern.
• 1.4847: Fibonacci 38.2% for the drop from 1.5139.
• 1.4903: Fibonacci 50% for the drop from 1.5139.

---


USD/JPY

Dollar-Yen broke the support 88.16 and successfully reached the first suggested target 87.78, but stayed relatively far from the second target, and the most important support for now 87.08. The importance of 87.08 will carry on for the rest of the week, since it is Fibonacci 61.8% support for the rise from 84.81. As we can see from the attached chart, the rising move during the Asian session has bumped into the previously broken trendline. And for the technical outlook for the Dollar, we should surpass this line which is currently at 88.25. Therefore, we should wait for a break of the support or resistance before we can predict the direction of short-term. If we break the resistance 88.25 this pair can surprise some by reaching areas above 89 such as 89.17 or 89.70. on the other hand, if the most important support for now 87.08 is broken, the downtrend will continue with confidence, and the next set of targets will be 86.29 & 85.71.

Support:
• 87.08: Fibonacci 61.8% for the whole move from 84.81 to 90.75.
• 86.29: important intraday level on hourly chart.
• 85.71: important intraday level on hourly chart.

Resistance:
• 88.25: broken trendline.
• 89.17: important intraday level on hourly chart.
• 89.70: important intraday level on hourly chart.

---


Forex Trading Analysis written by Munther Marji for Forexpros. For real time Forex charts see Forexpros.

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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forexfusion
post Dec 10 2009, 04:40 AM
Post #11


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Dollar Rally Continue?

We went right to the point on Tuesday where resistance would kick in, 1.4770-1.4780, and it went right to 1.4780 but could not get above. This has set up a bearish formation on the short term charts. Unless that resistance area is taken out, and ultimately 1.4900, the eur/usd is in correction.

That of course does not mean there can't be a move higher...there can, and it may still fall short of 1.4900. Movement above 1.4780 is likely to target 1.4820, 1.4840 (both of these are minor resistance points) and if it continues then 1.4860. Movement above this point will run at the former swing highs at 1.4890-1.4900.

Short-term trend is down and first minor support comes in at 1.4720 with a drop below targeting 1.4700. No real confirmation of a further decline comes until the rate moves below 1.4660. This would target 1.4625 followed by 1.4600-1.4580. 1.4560 and 1.4530 provide support beyond if the pair continues to fall.

Trade Balance and Unemployment Claims due of the US at 13:30 GMT.



Forex trading analysis written by Cory Mitchell, CMT for Forexpros.
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forexfusion
post Dec 14 2009, 02:12 AM
Post #12


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Forexpros Daily Analysis Dec 14, 2009


Free webinar on Forexpros - Trading Platforms- Why do they Matter?

Expert: Amy Walsh
When: Tue, Dec 15, 2009, 10:00 EST

This webinar takes a look at the UFX Bank trading platform with special emphasis on how to execute trades simply and immediately. After all a trader is only as good as the trading platform he's using.
Amy will discuss how UFX Bank's support and training resources will suit every client from the very beginner to the practiced professional.


Click here to join free.

---

Fundamental Analysis: ZEW Economic Sentiment Report

German traders await publication of the ZEW Economic Sentiment Report, which will be released tomorrow (Dec 14).
The report determines sentiment among German institutional investors, with analysts expecting a slight increase from last month's 50.10 to 50.20.
The Economic Sentiment Report is a leading indicator of business conditions. The reading is concluded from survey of about 350 German institutional investors and analysts.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

---


Euro Dollar

The Euro surpassed the resistance 1.4734 but stopped very close to Wednesday’s high, before reversing, and breaking the support 1.4692, and then reaching the first suggested target 1.4610. The rising trendline from Tuesday’s low (and the lower limit for the supposed triangle pattern) is currently very close to Fibonacci 61.8% for the short-term at 1.4701. This makes this double resistance the most important, and only breaking it would improve the technical outlook for the Euro. If broken, we will enter a correction for the whole drop from 1.5139, which will target 1.4796 at least, and probably 1.4826. As for the support it is at 1.4656 and breaking it would mean that the rising correction from Friday’s low is probably over, and that would target 1.4597 and then 1.4510.

Support:
• 1.4656: rising trendline on the intraday charts.
• 1.4597: important intraday low from Friday.
• 1.4510: previous support area that includes several daily lows.

Resistance:
• 1.4701: Fibonacci 61.8% for the short-term, and the lower trendline in the supposed triangle formation that was broken on Friday.
• 1.4796: Fibonacci 38.2% for the drop from 1.5139.
• 1.4826: Fibonacci 50% for the drop from 1.5139.

---


USD/JPY

Dollar-Yen broke the resistance 89.05 and successfully reached the first target 89.45, then came close to 90, settling for 89.79. this morning the price dropped to 88.36 again, to find the trendline that we introduced in the past few days providing it with support. That was the 4th time the price encountered this line, which clearly means it deserves our attention. That is why we will consider it as support of the day, and it is currently running at 88.43. If it’s broken, the drop from 89.79 will continue and the next pair of targets will be Fibonacci support levels at 87.78 & 87.08. As for the resistance, it is provided by the falling trendline from 89.79 on the intraday charts, which is currently at 88.87. And if broken, another 89.45 visit will be expected, and if this is also broken, we will jump to 90.08 at least.

Support:
• 88.43: a trendline that touched price 4 times.
• 87.78: Fibonacci 50% for the whole move from 84.81 to 90.75.
• 87.08: Fibonacci 61.8% for the whole move from 84.81 to 90.75.

Resistance:
• 88.87: the falling trendline from Friday’s top on the intraday charts.
• 89.45: Fibonacci 61.8% for the short-term.
• 90.08: hourly resistance.

---


Forex trading analysis by Munther Marji for Forexpros. See our new commodities section on Forexpros.

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved
Technical Studies Section.

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forexfusion
post Dec 15 2009, 01:18 AM
Post #13


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Forexpros Daily Analysis Dec 15, 2009


Free webinar TODAY on Forexpros - Trading Platforms- Why do they Matter?

Expert: Amy Walsh
When: Tue, Dec 15, 2009, 10:00 EST

This webinar takes a look at the UFX Bank trading platform with special emphasis on how to execute trades simply and immediately. After all a trader is only as good as the trading platform he's using.
Amy will discuss how UFX Bank's support and training resources will suit every client from the very beginner to the practiced professional.


Click here to join free.

---

Fundamental Analysis: Interest Rate Decision

The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tommorow (Dec 16) in the US.
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
Analysts forecast that the interest rate will remain at 0.25%.

---


Euro Dollar

The Euro surpassed the support 1.4656, and settled for 1.4616, but it did nopt test or even come close to the most important resistance 1.4701. The rising trend line from Tuesdays low (and the lower limit for the supposed triangle pattern) is currently very close to Fibonacci 61.8% for the short-term at 1.4701. This makes this double resistance the most important, and only breaking it would improve the technical outlook for the Euro. If broken, we will enter a correction for the whole drop from 1.5139, which will target 1.4796 at least, and probably 1.4862. As for the support it is at 1.4621 and breaking it would mean that the rising correction from Fridays low is probably over, and that would target 1.4566 and then 1.4510.

Support:
1.4621: intraday support from last week.
1.4597: a previous well known support/resistance area.
1.4510: previous support area that includes several daily lows.

Resistance:
1.4701: Fibonacci 61.8% for the short-term, and the lower trendline in the supposed triangle formation that was broken on Friday.
1.4796: Fibonacci 38.2% for the drop from 1.5139.
1.4862: Fibonacci 50% for the drop from 1.5139.

---


USD/JPY

Dollar-Yen slightly pierced through both the support & resistance specified in yesterdays reports, with a few points in both cases, without being able to generate a real break. Currently we see USDJPY between two lines: the falling trend line from 90.75 (which is currently at 89.28), and the rising trend line from 84.81 (which is currently at 88.59). And since we have two descending tops at 90.75 & 89.79, and two ascending bottoms at 84.81 & 87.35 (which means lack of direction), it is recommended that we do not adopt any direction prior to a break, and it is wise to wait for one of them to break. If we break the support 88.59 , the drop coming from 89.79 will resume & the next set of targets would be Fibonacci support levels 87.78 & 87.08. As for the resistance 89.28, a new visit to areas above 90 would be expected, where the targets 90.08 & 90.90 will await.

Support:
88.59: the rising trend line from 84.81.
87.78: Fibonacci 50% for the whole move from 84.81 to 90.75.
87.08: Fibonacci 61.8% for the whole move from 84.81 to 90.75.

Resistance:
89.28: the falling trend line from 90.75 on the hourly chart.
90.08: hourly resistance.
90.90: previous well known support/resistance area.

---


Forex trading analysis by Munther Marji for Forexpros. See our new commodities section on Forexpros.

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved
Technical Studies Section.

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forexfusion
post Dec 15 2009, 04:52 AM
Post #14


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Fundamental Weekly Outlook, Dec 14-18


EU:
• Monday: France Current Account (Previous -3.7B, Forecast N/A). Euro-Zone Employment QoQ (Previous -0.5%, Forecast N/A) & YoY (Previous -1.8%, Forecast N/A). Euro-Zone Industrial Production MoM (Previous 0.3%, Forecast -0.7%) & YoY (Previous -12.9%, Forecast -10.8%).
• Tuesday: France Consumer Price Index (CPI) MoM (Previous 0.1%, Forecast 0.2%) & YoY (Previous -0.2%, Forecast 0.4%). Germany ZEW Survey Economic Sentiment (Previous 51.1, Forecast 50.0), ZEW Survey Current Situation (Previous -65.6, Forecast -60.1).
• Wednesday: France PMI Manufacturing (Previous 54.4, Forecast 54.8) & PMI Services (Previous 60.9, Forecast 60.0). Germany PMI Manufacturing (Previous 52.4, Forecast 52.6) & PMI Services (Previous 51.4, Forecast 51.9). Euro-Zone PMI Manufacturing (Previous 51.2, Forecast 51.5) & PMI Services (Previous 53.0, Forecast 53.2). Euro-Zone Consumer Price Index (CPI) MoM (Previous 0.2%, Forecast 0.2%) & YoY (Previous 0.6%, Forecast 0.6%).
• Friday: Germany Producer Price Index (PPI) MoM (Previous 0.0%, Forecast 0.2%) & YoY (Previous -7.6%, Forecast -5.9%). France Business Confidence Indicator (Previous 89, Forecast 91). Germany IFO - Business Climate (Previous 93.9, Forecast 94.5), IFO - Current Assessment (Previous 89.1, Forecast 90.0), IFO – Expectations (Previous 98.9, Forecast 99.0). Euro-Zone Current Account (Previous 3.7B, Forecast 5.8B).

US:
• Tuesday: Producer Price Index (PPI) MoM (Previous 0.3%, Forecast 0.8%) & YoY (Previous -1.9%, Forecast 1.7%). Core Producer Price Index (PPI) MoM (Previous -0.6%, Forecast 0.2%) & YoY (Previous 0.7%, Forecast 0.9%). Industrial Production (Previous 0.1%, Forecast 0.5%), Capacity Utilization (Previous 70.7%, Forecast 71.1%).
• Wednesday: Consumer Price Index (CPI) MoM (Previous 0.3%, Forecast 0.4%) & YoY (Previous -0.2%, Forecast 1.8%). Core Consumer Price Index (CPI) MoM (Previous 0.2%, Forecast 0.1%) & YoY (Previous 1.7%, Forecast 1.8%). Current Account (Previous -98.8B, Forecast -106.0B), Housing Starts (Previous 529K, Forecast 575K), Building Permits (Previous 552K, Forecast 570K), Fed Rate Decision (Previous 0.25%, Forecast 0.25%).
• Thursday: Initial Jobless Claims (Previous 474K, Forecast 466K), Leading Indicators (Previous 0.3%%, Forecast 0.7%), Philadelphia Fed. (Previous 16.7, Forecast 15.8), Bernanke Confirmation Vote Held in Senate Banking Committee.

JP:
• Monday: Tankan Manufacturers Index (Previous -33, Forecast -27). Industrial Production MoM (Previous 0.5%, Forecast N/A) & YoY (Previous -15.1%, Forecast N/A).
• Wednesday: Tertiary Industry Index MoM (Previous -0.5%, Forecast 0.5%). Machine Tool Orders YoY (Previous -8.6%, Forecast N/A).
• Thursday: Leading Index CI (Previous 89.7, Forecast N/A).
• Friday: BOJ Target Rate (Previous 0.1%, Forecast N/A).

UK:
• Tuesday: Consumer Price Index (CPI) MoM (Previous 0.2%, Forecast 0.2%) & YoY (Previous 1.5%, Forecast 1.8%).
• Wednesday: Jobless Claims Change (Previous 12.9K, Forecast 12.5K), ILO Unemployment Rate (Previous 7.8%, Forecast 7.9%).
• Thursday: Retail Sales MoM (Previous 0.4%, Forecast 0.5%) & YoY (Previous 3.4%, Forecast 3.7%). Bank of England Quarterly Inflation Report (Text Report).

AU:
• Tuesday: Reserve Bank's Board December Minutes (Text Report).
• Wednesday: Westpac Leading Index MoM (Previous 0.9%, Forecast N/A). Gross Domestic Product QoQ (Previous 0.6%, Forecast 0.4%) & YoY (Previous 0.6%, Forecast 0.7%).
• Thursday: New Home Sales (Previous -6.0%, Forecast N/A).

CA:
• Tuesday: Leading Indicators MoM (Previous 0.7%, Forecast N/A).
• Thursday: Consumer Price Index (CPI) MoM (Previous -0.1%, Forecast 0.3%) & YoY (Previous 0.1%, Forecast 0.8%). Core Consumer Price Index (CPI) MoM (Previous 0.1%, Forecast 0.1%) & YoY (Previous 1.8%, Forecast 1.2%).
• Friday: Wholesale Sales (Previous 0.2%, Forecast 0.1%)

---


Fundamental analysis written by Munther Marji for Forexpros

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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forexfusion
post Dec 16 2009, 05:28 AM
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Forexpros Daily Analysis Dec 16, 2009


Free webinar on Forexpros - Identifying Market Turning Points With an Objective Set of Rules

Expert: Sam Seiden
When: Mon, Dec 21, 2009, 12:00 EST

The movement of price in the Forex markets is a function of an ongoing supply and demand equation. Opportunity exists when this simple and straight forward equation is out of balance. During this session, we will cover the basic yet important rules for identifying market turning points based on a rule strategy that quantifies real supply and demand in the Forex markets.
This webinar is the first of a three part series brought to you by Online Trading Academy and Forexpros.


Click here to join free.

---

Commodities

Don't know what's happening now with the Gold and the Crude Oil?
Stay on top of commodities prices with a new Free
Real Time Streaming Commodities Futures Prices section.
The quotes are available for a variety of futures such as Gold, Crude Oil, Silver, Copper, Brent and many more.
All commodities are organized in a user friendly layout in a real time streamer.

---


Euro Dollar

The Euro broke the support 1.4621 and successfully reached both suggested targets 1.4566 & 1.4510. And then spent the time holding above 1.45, and that could lead to a correction of the last 5 waves down from 1.4683. If short-term resistance 1.4563 is broken, 1.4614 would be an ideal target for this correction, and at the same time the most important resistance. Reaching it could provide a good sell opportunity. But, if its broken, the price will gain enough strength to target 1.4667. As for the support, it is provided by the rising trend line from yesterday’s low on the intraday charts, which is currently at 1.4535. If broken, we will target the important 1.4445 (the next important stop), and then 1.4405.

Support:
• 1.4535: the rising trend line from yesterday’s low on intraday charts.
• 1.4445: Fibonacci 50% for the long-term (the rise from 1.3737 to 1.5143).
• 1.4505: Aug 27th high.

Resistance:
• 1.4563: intraday resistance.
• 1.4614: Fibonacci 61.8% for the short-term, and the most important resistance.
• 1.4667: previous well known support/resistance area.

---


USD/JPY

Dollar-Yen broke the resistance 89.28, and jumped close to the 90 level & the suggested target (yesterday’s high 89.93). With this break, the Dollar has gained a technical advantage that should give it the strength to go on. But to keep this advantage, the price should hold above the broken trend line which is currently at 89.21. If it succeeds in doing this, the odds will favor more upside movement, that would break short-term resistance 89.72, and head to areas above yesterday’s high, where the same suggested targets from yesterday’s report (90.08 & 90.90) will await. But if the opposite to what is expected happened (if we break the support 89.21) the price will resume falling, targeting the rising trend line from 84.81 & the SMA100, and both of them at 88.83, and if this important support if broken, we will target 87.78.

Support:
• 89.21: the trend line that was broken yesterday.
• 88.83: the rising trend line from 84.81, and the SMA100.
• 87.78: Fibonacci 50% for the whole move from 84.81 to 90.75.

Resistance:
• 89.72: short-term Fibonacci 61.8% resistance.
• 90.08: hourly resistance.
• 90.90: previous well known support/resistance area.

---


Forex trading analysis by Munther Marji for Forexpros.

---

Disclaimer

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved
Technical Studies Section.

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