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Posted on April 6, 2009 at 13:39 in News, Short-Term Analysis by Valeria BednarikNo Comments »
Wall Street open to the downside and futures sink, giving further support to greenback, while Japanese Yen remains weak and downside is contained by the 100.55 zone mentioned earlier. Gbp and Euro, turn slightly bearish in hourly charts, let’s see if next supports, 1.4792 and 1.3425 hold the downside.
Tags: Euro, gbp, Yen
Eur/Usd for today
Posted on April 6, 2009 at 12:52 in Short-Term Analysis by Valeria BednarikNo Comments »
Stocks in Europe turn to red, and dollar is getting some relief across the board, but seems to be just a temporal correction for now. Eur/Usd is quoting around 1.3485, filling past Asian session opening gap. $ hours charts suggest correction could extend to 1.3425, pullback to the descendant trend line broken past Friday. If manages to move under, not likely at this moment, consider next supports at 1.3390 and 1.3341. Above 1.3520, bullish strength will be back, and next resistance levels lie at 1.3580 zone and then 1.3630.
http://blogs.fxstreet.com/advisor/files/2009/04/euro2-300x182.gif
Tags: eurusd
Gbp/Usd technical perspective
Posted on April 6, 2009 at 12:34 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd is finally giving up some ground yet still a correction from past days rally. Quoting around 1.4852 and overbought in 4 hours charts, correction will find supports at 1.4792 and 1.4736 before reaching the 38.2% of the Fibonacci rally 1.4272/1.4957 at 1.4695.Above 1.4880, resistances will be at 1.4910, 1.4960 zone and finally 1.5000.
http://blogs.fxstreet.com/advisor/files/2009/04/gbp4-300x182.gif
Tags: gbpusd
Usd/Jpy bullish break
Posted on April 6, 2009 at 12:25 in Short-Term Analysis by Valeria BednarikNo Comments »
Usd/Jpy managed to break above the key 100.60 level and reached101.44 before starting due correction (take a look at 4 hours chart, the pair is quite overbough). Quoting right now around 100.75, only under 100.55 zone the pair could extend downside movement to next support levels at 100.20 and then 99.80. Resistances from actual price will be at 101.10 and 101.44 today’s high. Clear break above, will take the pair to 101.83 and above, 102.12.
http://blogs.fxstreet.com/advisor/files/2009/04/yen-300x182.gif
Tags: usdjpy
Majors’s sentiment for today
Posted on April 6, 2009 at 11:21 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bullish
Gbp/Usd: Bullish
Usd/Chf: Bearish
Usd/Jpy: Bullish
Eur/Gbp: Bearish
Tags: Majors, Trend
Starting the day
Posted on April 6, 2009 at 11:17 in Starting the day, Uncategorized by Valeria BednarikNo Comments »
Hi everybody, welcome back! Is late for some of you, quite early for me, I have been last night to a rock festival, and I can’t wake up, is just 7:30 a.m. in Buenos Aires! But well, here I am and just realize my friend Usd/Jpy broke above the 101.00 level. Dollar is also lower across the board, and the general improvement in sentiment ispushing Gbp close to 1.5000. Bad NFP also help to keep dollar down. Stocks and oil are up, while gold is giving up some ground, also on positive sentiment about a foresight economic growth after las G20 meeting government bailouts. Day is young, let’s start working.
Here is the link to today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
FXstreet.com launches a learning center
Posted on April 3, 2009 at 16:32 in Technical Education by Valeria BednarikNo Comments »
As you all know, the FXstreet.com team is always working hard to give traders the best info and services regarding Forex. Today they launched a new learning center, a solid and renewed education section! The Learning Center is an exclusive program they created for traders of all levels. Here is the link to it, enjoy!:
http://www.fxstreet.com/education/learning-center/
Tags: News
Non Farm Payroll numbers
Posted on April 3, 2009 at 12:34 in Short-Term Analysis by Valeria BednarikNo Comments »
Unemployment came out at - 663K, while previous month reached -741k biggest drop since 1949. Unemployment rate rose to 8.5% as expected. Dollar is slumping across the board. While Usd/Jpy is again above 100.00 the pair has a strong resistance around 100.60 zone, could reach it today.
Tags: News
Eur/Usd technical points
Posted on April 3, 2009 at 12:20 in Short-Term Analysis by Valeria BednarikNo Comments »
The descendant trend line clear in 4 hours charts, has been holding the upside quite well since yesterday. Today around 1.3450, that will be our first resistance, followed bu 1.3490 zone and 1.3520 yesterday’s high. Break above, will trigger more bullish strenght in the pair, with next resistance at 1.3580 and 1.3630 zone. Supports, will be at 1.3400, 1.3349, 1.3310 and 1.3280.
http://blogs.fxstreet.com/advisor/files/2009/04/eur-300x181.gif
Tags: eurusd
Gbp/Usd pushing higher
Posted on April 3, 2009 at 12:11 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair is slowly surpassing the key level around 1.4770/80 (daily maximums/minimums congestion zone) and trend remains clearly bullish despite RSI shows the pair over bought in 4 hours charts. Of course NFP could change all today, yet the dominant trend is to tue upside. Consider resistances at 1.4850/60, 1.4915,1.4956 1.5000. Supports on the other hand will be at 1.4720 1.4682 1.4628 and 1.4557.
http://blogs.fxstreet.com/advisor/files/2009/04/gbp3-300x181.gif
Tags: gbpusd
Older posts »
Posted on April 2, 2009 at 13:44 in Short-Term Analysis by Valeria Bednarik2 Comments »
EUR/USD Current price: 1.3401
Pair has quickly run up after the ECB suppressive cut of just 0.25%, and rebound exactly in a descendant trend line around 1.3495. With indicators over bought in the hourly, and volume decreasing after the spike, correction could extend to the downside under 1.3380, first support for today.
Support levels: 1.3380 1.3345 1.3310
Resistance levels: 1.3430 1.3495 1.3520
http://blogs.fxstreet.com/advisor/files/2009/04/euro1-300x181.gif
GBP/USD Current price: 1.4644
Bullish rally is finally giving up some ground after reaching 1.4715 yet halted just above the 23.6% of last hourly rally. With indicators also over bought, expect further correction under that level. Above today’s high, trend will continue to the key strong zone around 1.4770/80 that should hold the upside at least for today.
Support levels: 1.4630 1.4580 1.4540
Resistance levels: 1.4686 1.4720 1.4770
http://blogs.fxstreet.com/advisor/files/2009/04/gbp1-300x181.gif
Tags: eurusd, gbpusd
Eur/Usd levels
Posted on April 2, 2009 at 11:17 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair is clearly bullish in daily and 4 hours charts, after breaking 1.3330/40 zone. From actual price, I see a mayor resistance zone around 1.3410, and above 1.3485 where we have a descednat trend line coming from 1.3735 and also a congestion zone. Clear break and new opening above, is needed to turn the pair bullish. Supports will come at 1.3320, 1.3250 and under 1.3180, bias will change to the downside.
Tags: eurusd
Majors’s sentiment for today
Posted on April 2, 2009 at 11:13 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bullish
Gbp/Usd: Bullish
Usd/Chf: Bearish
Usd/Jpy: Bullish
Eur/Gbp: Bearish
Today I will add this extra warning: this is the dominant trend! Risk events can change it. Be extremly cautions today.
Tags: Majors, Trend
Starting the D A Y
Posted on April 2, 2009 at 11:07 in Starting the day by Valeria BednarikNo Comments »
Hi hope you are fine! The day has already started with G20 members making statements and rushing for ACTIONS particularly Brown from the U.K., are sending dollar down across the board, except against Japanese Yen that is close to test the 100.00. I will be covering live! with David Aranzabal the release of ECB rates and Mr. Trichet speech. Hope to see you all there!
Tags: Majors, News
Gbp/Usd technical points
Posted on April 1, 2009 at 13:00 in Short-Term Analysis by Valeria BednarikNo Comments »
Bullish but loosing steam, the pair needs to clear the 1.4440 zone to regain upside momentum. Quoting around 1.4376, the pair is pushing to the downside. supports will be at 1.4345 zone, followed by 1.4400, and the congestion zone around 1.4160. Resistances for the next hours will be at 1.4412, the mentioned zone around 1.4440 and above 1.4496.
http://blogs.fxstreet.com/advisor/files/2009/04/gbp-300x181.gif
Tags: gbpusd
ADP survey in the U.S.
Posted on April 1, 2009 at 12:31 in News by Valeria BednarikNo Comments »
Greenback is gaining some ground after ADP survey sees marchU.S. private sector losing 742.000 jobs.
Stocks in Wall Street are set to fall, adding to this survey that Barack Obama said that General Motor should conclude banckrupcy. Dollar could quickly regain it’s safe haven status. Jusy keep that in mind.
Tags: News, Usd
« Newer posts – Older posts »
Posted on April 1, 2009 at 11:46 in Short-Term Analysis by Valeria BednarikNo Comments »
Eur/Usd is slightly bullish in 4 hours charts, with momentum cutting the 100 line and price above the 20 SMA, meaning that a probable open above this moving average could signal more bullish strength here, with next resistance around 1.3305, and above 1.3340 zone. under 1.3236, 1.3200 zone has being holding the downside since last Asian session, so the pair should clearly move under 1.3180 to regain bearish bias, with supports at 1.3150 and 1.3109, 200 EMA dynamic support.
http://blogs.fxstreet.com/advisor/files/2009/04/euro-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on April 1, 2009 at 10:39 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Slightly Bullish
Gbp/Usd: Bullish
Usd/Chf: Bearish
Usd/Jpy: Bullish
Eur/Gbp: Bearish
Tags: Majors, Trend
Starting the day
Posted on April 1, 2009 at 10:36 in Starting the day by Valeria BednarikNo Comments »
Hi everybody, welcome back! I had the most awful Internet connexion day yesterday, so my apologizes. Let’s see if we can paste at least one chart here today! . Anyway, dollar gave up part of the ground gained since past Friday, along with Japanese Yen, that also lost ground, as global stocks markets advanced, with Dow Jones ending up in March after 6 months down. The yen has been losing ground since Japanese Prime Minister Taro Aso, past Monday directed the government to deploy another major stimulus package for the ailing Japanese economy, which analysts say could dramatically increase the nation’s debt burden, and continues approaching to the 100.00 level against U.S. dollar. The Tankan (manufacturing hugest report) in Japan last night was worst than expected, and market reacted with wild movements the few minutes after the release, only to settle down and consolidate with dollar and yen a bit up again. We have a busy calendar today, but market traders should be kind of reluctant today, ahead of ECB, G20 and non Farm Payrolls all together! in the next two days. Well, here is the link to today’s calendar. Let’s see if we can have a better day today!
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Usd/Jpy levels
Posted on March 31, 2009 at 12:35 in Short-Term Analysis by Valeria BednarikNo Comments »
Usd/Jpy continues pushing higher and giving signals for further gains in 4 hours charts. The pair has an important congestion zone around 98.70/85, formed both by maximums and a descendant trend line, yet indicators point for further upside continuation, with momentum and CCI cutting their medium lines and still strong. A confirmation above the mentioned level, could send the pair to test this year high at 99.67, followed by 100.00 key level, and above 100.60, stronger resistance that should contain the pair in the first attempt. Failure to break above mentioned 98.70/85 zone, could send the pair back to the downside, although losses should be limited. Supports lie at 98.10, 97.70 zone and 97.38.
Tags: usdjpy
Eur/Usd for today
Posted on March 31, 2009 at 12:31 in Short-Term Analysis by Valeria BednarikComments Off
The pair continues correcting to the upside, after rebounding in the 200 EMA in 4 hours charts, and the recovery reach as far as the 50% retracement of the last down leg, very close to the 20 SMA that halted further gains at the moment. The pair has lost the oversold condition,and indicators remain bullish. Above 1.3350, conside resistances at 1.3406(38.2%) of the mentioned rally and above 1.3450 zone. Supports from actual pirce will be at 1.3280, 1.3226 and 1.3280 zone.
Tags: eurusd
Majors’s sentiment for today
Posted on March 31, 2009 at 10:58 in Sentiment by Valeria Bednarik2 Comments »
Here is the majors sentiment for today:Eur/Usd: Bullish
Gbp/Usd: Bullish
Usd/Chf: Bearish
Usd/Jpy: Bullish
Eur/Gbp: Slightly Bullish
Tags: Majors, Trend
Starting the day
Posted on March 31, 2009 at 10:56 in Starting the day by Valeria BednarikNo Comments »
Hi everybody, welcome back! Dollar finally is giving up some ground together with Japanese Yen.Today is the last day of the month so many traders will be booking profits and closing positions. The day is not over, so is a bit early to take conclusions and market continuity also does not help, yet take a look at GBP/USD. The pair is almost where it started, showing how much indecision we have there. The rest of the currencies are beating dollar, but far from previous month highs. I think market will get thinner today and tomorrow, ahead of the two last days of the week, that will be more explosive. Stocks in the U.S. are tumbling again and fell for a second straight session, as worries about the auto and bank industries gave investors a reason to retreat after the recent rally. Far from 8000 points resistance, the DJIA is approaching to the 7400 support level. Break under could but even more pressure on stocks. Anyway, here is the link for today’s calendar, check it while I start with some technicals for today:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Trichet speech
Posted on March 30, 2009 at 15:47 in News by Valeria BednarikNo Comments »
Trichet continues talking and just make some interesting comments, that we all need to be aware of: he says something lie in interest of UK to be member of the Euro Zone, or that the ECB is ready to do what is needed to cope crisis. Both Euro and Gbp, spike lower after this sentences yet market remains in intraday range. Let’s see if there is any certain reaction after speech is over.
Tags: Euro, Trichet
Usd/Chf pushing key resistance level
Posted on March 30, 2009 at 14:48 in Short-Term Analysis by Valeria BednarikNo Comments »
Usd/continues pushing higher, reaching the mentioned key zone around 1.1520/40. looking over bought in 4 hours charts yet no signs of reversal yet, actual candle open just together with the 200 EMA, that lost bearish inclination and remains flat. Despite we have Trichet talking right now, this level should limit the upside at least today. Clear break above should trigger more upside momentum in the pair, with next resistances at1.1580 zone and 1.1620. under 1.1470, consider next supports at 1.1440 and finally 1.1400.
http://blogs.fxstreet.com/advisor/files/2009/03/chf1-300x181.gif
Tags: Usd/Chf
Euro Update
Posted on March 30, 2009 at 13:53 in Uncategorized by Valeria BednarikNo Comments »
American stocks tumbled at Monday’s open as investors fret about the viability of U.S. automakers. Dow Jones is down 240 points, and euro continues pushing down setting a new intraday low at 1.3128. Gbp is also falling quickly fut 40 pips sort from the daily low. Watch Swiss Franc: it has a strong congestion resistance zone between 1.1520/40. Clear move above, will help pushing Euro lower.
« Newer posts – Older posts »
Posted on March 30, 2009 at 12:55 in Short-Term Analysis by Valeria BednarikNo Comments »
Yen appreciation was halted by the 200 EMA that offer a nice rebound supported by CCI reentering the -200 level. Daily charts also had turn bearish, so, a confirmation under today’s low, could change longer term perspective, although not seems clear at this time. From actual price, confirmation above 97.20 will send the pair to next resistance level around 97.60 zone and finally 98.00. Supports will come at 96.45, 95.94 and then the key 95.50 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/yen6-300x181.gif
Tags: usdjpy
Gbp/Usd technical points
Posted on March 30, 2009 at 12:30 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd continues falling, and set a third point with today’s low, for a 4 hours ascendant trend line, at 1.4109. Quoting around 1.4193, the pair is also correcting the over sold state in 4 hours charts, but under the 200 EMA, that remains flat, and the 20 SMA that continues showing bearish strength Above the 1.4236 zone, next resistance will come at 1.4275, and above 1.4348. Supports will be at 1.3148, 1.4110 dynamic support coming from the trend line, and under, consider 1.4068 and then 1.4020 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp11-300x181.gif
Tags: gbpusd
Eur/Usd 4 hours charts
Posted on March 30, 2009 at 12:12 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair continues bearish, but at this point oversold. Correction has already begin after reaching the 1.3157 yet the pair has found a first resistance around 1.3220. Indicators shown a probable upside correction as they are quite exhausted to the downside; however, a confirmation above at least 1.3245 well be needed. Remember, we are talking just about a correction against dominant trend, so be prudent there. Next resistances will be at 1.3284, and above, 1.3335 zone. Under the mentioned 1.3157, next supports will come at 1.3110 the 200 EMA in 4 hours charts, that won’t be easy to break but if so, 1.3040 and 1.3000 zone will be next supports to consider.
http://blogs.fxstreet.com/advisor/files/2009/03/euro6-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 30, 2009 at 11:05 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Bullish
Usd/Jpy: Bearish
Eur/Gbp: Neutral
Tags: Majors, Trend
Starting the day
Posted on March 30, 2009 at 11:03 in Starting the day, Uncategorized by Valeria BednarikNo Comments »
Hello my friends welcome back! Last Sunday opening, I was reading some news around the net and checking calendar to see what to expect for these days. Previous weekly chart for Euro deserves some more extensive analysis, so I will in the next post. But seriously,I think there is not much to support a quick recovery in Euro. While the U.S. economy downturn seems to have bottomed, Euro is still facing deepening recession. And this week, with really high risky events, could finally set a trend for both currencies: while the U.S. will have to deal with Non Farm Payrolls and unemployment rate expected close to record lows, the idea of greenback loosing it’s reserve currency status around the world has faded; G20 meeting next Thursday will clear that up. Meanwhile, Euro will have also next Thursday, the rate decision, and market expectations are on further cuts. There is in fact, no fundamental support for an Euro appreciation. Also, the relationship the currency has with Swiss Franc, meaning Switzerland is the largest EU economic partner in terms of doing business off importing and exporting, and with Swiss Franc forced by SNB to “depreciate”, well less support then for poor Euro. Anyway for now, the pair remains above the 1.3000 zone, and that will be a huge psychological barrier to the downside. Anyway, enough of my toughts! Here is the link to the calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Eur/Usd weekly chart
Posted on March 27, 2009 at 14:55 in Long-Term Analysis by Valeria Bednarik2 Comments »
Do you use Fibonacci retracements? take a look at this weekly Eur/Usd chart, and take your own conclusions! (reading to much CVJ’s guys lately) http://blogs.fxstreet.com/advisor/wp-includes/images/smilies/icon_wink.gif
http://blogs.fxstreet.com/advisor/files/2009/03/euro5-300x181.gif
Tags: eurusd
Eur/Usd and Usd/Chf quick update
Posted on March 27, 2009 at 13:37 in Short-Term Analysis by Valeria BednarikNo Comments »
EUR/USD Current price: 1.3292
Bullish dollar momentum across the board, send Euro under 1.3300. Hourly indicators seem exhausted, but no signs of corrective reversion for this rally. Price breaks even under the 200 EMA, and bigger charts suggest further losses for the pair after a corrective movement.
Support levels: 1.3280 1.3236 1.3200
Resistance levels: 1.3340 1.3387 1.3420
http://blogs.fxstreet.com/advisor/files/2009/03/eur6-300x181.gif
USD/CHF: Current Price: 1.1428
After finally broke the range to the upside, the pair trigger and explosive bullish rally. Hourly charts shown a small flag continuation figure, so above first resistance, continuation seems likely for today, despite over bought indicators. Both the 20 SMA and the 200 EMA lie under actual price and will act as support for any corrective movement.
Support levels: 1.1398 1.1365 1.1310
Resistance levels: 1.1444 1.1482 1.1534
http://blogs.fxstreet.com/advisor/files/2009/03/chf-300x181.gif
Tags: eurusd, Usd/Chf
Major turn in market Gbp/Usd
Posted on March 27, 2009 at 12:57 in Short-Term Analysis by Valeria BednarikNo Comments »
I have been holding a live webinar, and now come back and found this. Dollar appreciate across the board against most rivals except Japanese Yen, triggered by end of month profit taking at least that’s what I read, not feeling comfortable just posting this lines, and for what i can confirm bad data again in Europe and England. Anyway, take a look at this GBP/USD chart i have an old descendant trend line coming form the high at 1.5722 from past December, the pair broke to the upside last week. today, the pair complete a perfect daily pullback to that line, so are we just seeing some correction for further upside rallies in the pair? probably as 4 hours indicators also seem exhausted at this moment and push the pair a bit more to the upside. From actual price, resistances will be at 1.4395 and the tough zone around 1.4440. Clear break of this last is required for further appreciation in the pair. Support in the meantime will be at 1.4310, 1.4260 and under it, bearish continuation gains strength with next support at 1.4224 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp10-300x181.gif
Tags: gbpusd
Majors’s sentiment for today
Posted on March 27, 2009 at 9:26 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral to Slightly bearish
Gbp/Usd: Bearish
Usd/Chf: Neutral to slightly bullish
Usd/Jpy: Bullish
Eur/Gbp: Bullish
Tags: Majors, Trend
Starting the day
Posted on March 27, 2009 at 8:41 in Starting the day by Valeria BednarikNo Comments »
Hi everybody and welcome! for the first time in several weeks, majors and stocks moved in different ways. While stocks rose 175 points in the U.S. approaching to the key 8000 points level, Euro fell close to 1.3500 and Gbp to the 1.4440 zone, and both currencies remain close to that level. Sharp gains on Wall Street were led by consumer shares along with the surge in oil and gold, and other base metals. The increase in risk appetite has also triggered gains in commodity currencies such as the Australian and New Zealand dollars, supported by signs of bank stability. But while Euro and Swiss Franc remain in past days range,Gbp is falling stronger across the board, yet in a few minutes some macroeconomic news will be release in the U.K. let’s see what they can do for their own currency:
Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
« Newer posts – Older posts »
moment remainson the red side.Usd/Jpy today
Posted on March 26, 2009 at 12:19 in Uncategorized by Valeria BednarikNo Comments »
Following yesterday post, the pair has just reached the tough zone around 98.40 (previous maximum and descendant daily trend line) and for the moment unable to break above. take a look at this chart: if the pair manages to move to the downside, we could well see a double roof formation here, yet the neck or breaking point will be at 97.10 zone, no easy to see the pair reached it today. While candles keep posting higher highs and higher lows, indicators seem exhausted to the upside, so we need a clear confirmation above 98.60 zone to consider this zone broken and see more upside movements.Under 98.10, consider supports at 97.88 the zone around 97.50 and finally 97.10. Above the mentioned 98.60 zone, next resistances will be at 98.92 99.20 and 99.67.
http://blogs.fxstreet.com/advisor/files/2009/03/yen5-300x181.gif
Eur/Usd pushing higher
Posted on March 26, 2009 at 12:04 in Short-Term Analysis by Valeria BednarikNo Comments »
Euro is attemting to break higher, ready to break a descedant trenline ckear in 4 hours charts. It has a tough zone around 1.3620, where the pair has been rebounding since yesterday. The pair needs to clear that zone, to gain some bullish momentum, with next resitances at 1.3666/76 zone,followed by 1.3705 and 1.3740 zone. Failure to regain 1.3620, will send the pair back down to the 1.3566/80 zone, followed by 1.3530 and finally 1.3490 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/euro4-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 26, 2009 at 11:24 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:Eur/Usd:
Neutral to Slightly bullish
Gbp/Usd: Bearish
Usd/Chf: Neutral
Usd/Jpy: Bullish
Eur/Gbp: Neutral to Bullish
Tags: Majors, Trend
Starting the day
Posted on March 26, 2009 at 11:18 in Starting the day by Valeria BednarikNo Comments »
Dollar finished the American session yesterday, mixed across the board. Losing ground against Euro, Yen and Swiss Franc but still in previous day’s range, greenback post important gains against Gbp and end positive against small dollars, the Cad and the Aud, that rather follow declines in oil and other commodity prices. Market wide range jumps were triggered by U.S. Treasury Secretary Timothy Geithner after saying he would be open to expanding the use of Special Drawing Rights, a synthetic unit of account made up of a unified basket of currencies, as China recently proposed as part of an effort to forge a new global reserve currency. In one world, leave the dollar as the dominant reserve currency. This worlds trigger a massive dollar sell off, that lost more of 100 pips in the first minutes, to quickly regain most of the loss ground, after Geithner clarified that dollar is still the world’s dominant reserve currency and that the U.S. is committed to ensuring it remains so. Also, early in the European session, U.K. Prime Minister Gordon Brown said that there will be no discussion of SDRs or the creation of a new reserve currency at the upcoming April 2 meeting of the G20 in Britain. Anyway, dollar remains gaining more ground agaisnt Japanese Yen, but range bould against other rivals, close to yesterday’s level.
Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Durable Goods far better than expected
Posted on March 25, 2009 at 12:39 in News by Valeria BednarikNo Comments »
USD Durable Goods Orders print a 3.4% far better than the -2.3% expected or the previous month revision of -7.3%. Core Durable Goods Orders also came out positive at 3.9% against the expected -2.0%. An unexpected rise here, despite previous month down deeply revision with the largest increase since December 2007.This should turn Wall Street quite positive today, so major’s first spike was against greenback. Market is preparing to fight a rough battle, as mentioned at the openingtoday, between a stronger dollar or positive stocks.
Tags: dollar, News
Usd/Jpy for today
Posted on March 25, 2009 at 12:20 in Short-Term Analysis by Valeria BednarikNo Comments »
Usd/Jpy has reached yesterday, a daily descendant trend line coming from the 99.67 high. The rebound send the pair to the 23.6% Fibonacci retracement the 97.30/40 zone, followed by 97.05. Clear break under, will send the pair to testthe 38.3% around 96.60 that should hold the downside for today. While momentum is pointing down CCI has turned flat around the 0.00 line, so no good readings from there. Resistances today will be at 97.90, 98.30/40 zone (we have the daily descendant trend line around there) and 98.66.
http://blogs.fxstreet.com/advisor/files/2009/03/yen4-300x181.gif
Tags: usdjpy
Eur/Usd technical perspective
Posted on March 25, 2009 at 12:18 in Short-Term Analysis by Valeria Bednarik2 Comments »
Euro/Usd is also bearish, after the German business confidence, the IFO survey, fell to the lowest level in more than 26 years in March, more and more signs of deepening recession. The nice move up seen past days, supported by some optimism in the markets, has eased quickly, as frommy point of view, there is no much fundamental reasons to support a bullish Euro. As usually these past months, market will probably begin to price in next April 2nd rate cut in Europe. Quoting around 1.3480, and moving in a sort of descendant channel, take a look at the 20 SMA turning to the downside in this 4 hours chart. Momentum seems a bit exhausted, yet a break under 1.3460 cold take the pair to 1.3416/30 zone, next important support. Under this, consider next supports at 1.3378 and 1.3320. If the pair manages to regain 1.3500, resistances will be at 1.3536 1.3570/80, and only a candle opening above this zone will deny bearish perspective and send the pair again up.
http://blogs.fxstreet.com/advisor/files/2009/03/euro3-300x181.gif
Tags: eurusd
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Posted on March 25, 2009 at 11:49 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd is falling fast after CBI realized sales fell far beyond expectations to -44. This is a leading indicator of consumer spending as retailer and wholesaler sales are directly influenced by consumer buying levels; such a bad reading is sending Gbp down. Technically, this 4 hours candle open just under the 20 SMA that lost good part of the bullish steam, but yet does not turned down.Indicators are pointing also to the downside, and the pair has just rebounded in a small ascendant trend line around 1.4542. Break under that minimum, will trigger more selling pressure in the pair, with next supports at 1.4478, the tough zone around 1.4440, and finally 1.4393. We have a gap around 1.4600, but only above 1.4620 the pair can move to the upside, with next resistances at 1.4656 and 1.4700 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp9-300x181.gif
Tags: gbpusd
Majors’s sentiment for today
Posted on March 25, 2009 at 11:09 in Sentiment by Valeria Bednarik2 Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Neutral
Usd/Jpy: Bullish
Eur/Gbp: Bullish
Tags: Majors, Trend
Starting the day
Posted on March 25, 2009 at 11:03 in Starting the day by Valeria Bednarik4 Comments »
Hello everybody, hope you are fine. Today FED will put on march the plan to end recession and avoid risk of deflation, by pumping U.S. dollars into the market buying long-term Treasuries in an attempt to control longer-term interest rates. The first operation of $300 billion is aimed at notes maturing from February 2016 to February 2019, and in the coming days, the central bank plans to buy debt maturing between March 2011 and February 2039, according to the tentative schedule. If the plan works the U.S. will be leading the global economic recovery,s what will weight more at that point? Wii euro gain own strength and detach from stocks and sentiment? Or will sentiment boost stock and take greenback down and down? I rather choose the first alternative, of course not for today, not for next week.But no doubts this two weeks Treasury massive buy,will made forex dance at stocks’s rhythm.
Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Gbp/Usd technical perspective
Posted on March 24, 2009 at 11:46 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd continues advancing, after breaking above the key 1.4660 zone (daily maximums and minimums congestion zone) and in 4 hours charts the pair remains quite bullish, despite a bit over bough. Daily high at 1.4774 will be our first resistance from actual price, followed bu 1.4810, 1.4868 and the zone around 1.4910. Under the mentioned 1.4660 supports will be at 1.4627, 1.4586 and 1.4534.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp8-300x181.gif
Tags: gbpusd
Majors’s sentiment for today
Posted on March 24, 2009 at 10:53 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral to sligthy bearish
Gbp/Usd: Bullish
Usd/Chf: Neutral
Usd/Jpy: Bullish
Eur/Gbp: Bearish
Tags: Majors, Trend
Starting the day
Posted on March 24, 2009 at 10:52 in Starting the day by Valeria BednarikNo Comments »
Hi everybody and welcome. The U.K. inflation rate unexpectedly rose in February after higher food costs and the weakness of the pound sustained price pressures even as Britain’s recession deepened. Gbp runs to 1.4770 zone, and quickly come down 100 pips. Market is highly volatile due to a bunch of reports already published, and stocks that keep on driving investors mood. Euro and Yen are the weakest currenciestoday, with Euro close to hit the 1.3500, and yen loosing ground fast against all rivals. We still have more reports today, so here is the link to today’s calendar, while I begin with more technicals for today.
This is today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Divisas, Noticias
Eur/Usd for today
Posted on March 23, 2009 at 12:27 in Short-Term Analysis by Valeria BednarikNo Comments »
Eur/Usd has just filled the opening gap left in Asia opening and continues tending lower in 4 hours charts. the 20 SMA looks pretty bullish and should act as first support from actual price, around 1.3536. Also we can see a double roof formation with the neck around 1.3505/10 zone, next support. Clear break under it could trigger a selling rally in the pair, but as mentioned not easy to see the 20 SMA break at this point. Resistances will be at 1.3614, 1.3650 zone, 1.3992 and the 1.3735 highs.
http://blogs.fxstreet.com/advisor/files/2009/03/euro2-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 23, 2009 at 12:04 in Sentiment, Short-Term Analysis by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral
Gbp/Usd: Bullish
Usd/Chf: Neutral
Usd/Jpy:Bullish
Eur/Gbp:Bearish
Tags: Majors, Trend
Starting the day
Posted on March 23, 2009 at 12:02 in Starting the day by Valeria BednarikNo Comments »
Hello my friends, welcome back! Finally here! The dollar has suffered the worst week of the year after FED’s plan to revive U.S. economy, yet could be put to trial later today, when Tim Geithner treasury secretary, finally announces the key details of the banking rescue planthat would pump $1.15 trillion more into the economy, part of it through buying U.S. Treasury bonds. FED success could halt the spiral towards deflation and at the same time, lead to a slow rebound in stock markets, sending investors to high-yielding and greenback slowly down. Yet at this moment, only Gbp is looking ready to gain more ground against greenback at the moment, while Euro and Swiss Franc remain in consolidation mode, and Japanese Yen is loosing ground quickly. Today we have in the U.S. the Existing home sales report, so let’s see if that can push Euro out of actual range.
This is today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Eur/Usd for today
Posted on March 20, 2009 at 12:37 in Short-Term Analysis by Valeria Bednarik7 Comments »
Take a look at this 4 hours charts: Euro/Usd is finally correcting the overbought state indicators gain after past two days straight rally. The pair was moving in a small flag, descendant channel andafter breaking to the downside in a quick move, now is fighting the down line. Could be a pullback, if not passed, signaling further falls. Supports will be at tough max and min congestion zone around 1.3535, followed by 1.3500 and under, 1.3450, brief stop before the more important 1.3410. If the pair close actual candle inside the small flag, should discard the figure, and see an attemptto move to the upside, with resistances at 1.3636, 1.3674 and finally 1.3740 yesterday’s high zone.
http://blogs.fxstreet.com/advisor/files/2009/03/euro1-300x181.gif
I have been asked how i come to the resistance levels published yesteday, well once I published it, so here is the link to past post: http://blogs.fxstreet.com/advisor/2008/07/23/how-to-determinate-supports-and-resistances/
In this particular case, I take alook at past highs or lows, in 4 hours, daily and even weekly charts. I always talk about zones. Check the history, one of the basic principles of trading in that market has memory!
Tags: eurusd
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Have a great day!
Eur/Usd breaking up
Posted on March 18, 2009 at 12:59 in Short-Term Analysis by Valeria BednarikNo Comments »
Triggered by U.S. data (far better than expected, meaning a probable rise in stocks, meaning Euro up) the pair is quoting around 1.3130 and 4 hours charts suggest further rises after a short term correction from actual price. Take a look at the 60 and 200 EMAs, they are about to cut, and if not a trigger, a good signal of longer term rises. The pair is also moving inside an ascendant channel, should maintain the upside bias. Resistances above maximum at 1.3144 will be at 1.3178 and 1.3210/20 zone. Corrections will find support at 1.3100 zone, 1.3070 and 1.3025.
http://blogs.fxstreet.com/advisor/files/2009/03/euro-300x181.gif
Tags: eurusd
Gbp/Usd again going down
Posted on March 18, 2009 at 12:51 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair has quickly broke the 1.3960 level and fall as far as 1.3860 before getting exhausted. Still under that level the pair is gaining some ground at the moment, yet the general overview remains bearish as long as the descendant trend line you can see in charts remain unbroken. Above the 1.3960/70 zone, consider resistances at 1.4010, 1.4040 and 1.4105- Under 1.3930, supports will be at 1.3895, 1.3860 and 1.3820.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp7-300x181.gif
Tags: gbpusd
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Posted on March 17, 2009 at 13:23 in Short-Term Analysis by Valeria BednarikNo Comments »
Euro is also giving up ground quite quickly, ready to face first important support from here, the 20 SMA in 4 hours charts around 1.2920 zone. Indicators are pointing also for further falls, but the exponential moving averages still contain the downside quite well. Under the mentioned 1.2920, next supports will be at 1.2862, and then 1.2830 zone, the 200 EMA in 4 hours charts. Resistances from actual price will be at 1.2968, 1.3000/10 and above 1.3050 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/eur5-300x181.gif
Tags: eurusd
Gbp/Usd technical perspective
Posted on March 17, 2009 at 12:57 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd is fighting to break the 1.4000 level, see the chart: here we have the 20 SMA in 4 hours charts, pointing to the upside, won’t be easy to break. the pair should clearly move under 1.3960, next support level, to confirm further falls in the pair. With CCI giving signals of further continuation, under the mentioned level next supports will be at 1.3910 and finally the zone around 1.3840. Resistances will be at 1.4010, 1.4063 and close to 1.4100.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp6-300x181.gif
Tags: gbpusd
Majors’s sentiment for today
Posted on March 17, 2009 at 10:39 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral to Slighlty Bullish
Gbp/Usd: Silghtly Bearish
Usd/Chf: Neutral to slightly bearish
Usd/Jpy: Bullish
Eur/Gbp: Neutral
Tags: Majors, Trend
Starting the day
Posted on March 17, 2009 at 10:36 in Starting the day by Valeria BednarikNo Comments »
Hello my friends welcome back! Euro and Gbp close the day yesterday up against dollar, but far from the highs accomplished during the European session, following stocks sentiment. Euro failed to stay above the 1.3000, while Gbp also retreated substantially from its high at 1.4230 as the session progressed. Japanese Yen however, remains above the 98.00 level and seems hard to see the currency regaining bullish strength. Swiss Franc refuses to correct more than at 1.1800 against dollar, after past Thursday government intervention. And here we are with more news: ZEW survey has just shown some nice improvement in economic sentiment in Europe, and Euro is against attempting to clear the 1.3000, while the rest of the majors remain trapped in small ranges around yesterday’s close.
Majors and more Euro, remain quite attached to stocks movements, and while Asia close positive, Europe at this time remains in the red side. American futures are expect to open higher, but that will happen in about 3 hours. But we are mostly seeing consolidation ranges. Let’s see from a technical perspective, where break chances are.
This is today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Usd/Jpy for today
Posted on March 16, 2009 at 13:27 in Short-Term Analysis by Valeria Bednarik2 Comments »
4 hours charts are quite contained in a small range since past Fridaywith the upside contained by the descendant trend line you can see in the following chart.Indicators are between flat and slightly bullish, so no real definitions at this point. Above today’s high at 98.64 consider resistances at 98.92 and 99.30. Supports will be at 98.10 97.70 zone and unlikely, 97.20. Candle opening above the trend line could confirm further rises if the line get’s broken quick and not by price lateralization.
http://blogs.fxstreet.com/advisor/files/2009/03/yen3-300x181.gif
Tags: usdjpy
Gbp/Usd technical perspective
Posted on March 16, 2009 at 12:58 in Short-Term Analysis by Valeria Bednarik2 Comments »
Gbp continues pushing higher, and seems ready to break above the 1.4200 level, yet having a hard time to confirm it. CCI is giving signs of exhaustion, while the 200 EMAis holding the upside at the 1.4230 zone. Quoting right now around 1.4180, the pair needs to move clearly under 1.4140 to correct further being next supports 1.4100 zone, 1.4050 and the 1.4010. Clear break above 1.4230 will send the pair first to 1.4275, followed by 1.4315 tough congestion zone. Longer term perspective could change only above 1.4460, roof of the daily descendant channel we have been following since December 17th.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp5-300x181.gif
Tags: gbpusd
Eur/Usd technical points
Posted on March 16, 2009 at 11:32 in Short-Term Analysis by Valeria BednarikNo Comments »
Euro spike to 1.3046 before starting a short correction. Quoting right now at 1.3020, the pair could continue the correction till 1.2980 zone, roof of the ascendant channel broken a few hours ago. If the pullback is completed and the pair manages to stay above, more gains could be seen later on. All moving averages remain under the price and pointing to the upside, except 200 EMA still flat. Indicators have some signs of exhaustion, so, under the ,mentioned 1.2980, next supports will be at 1.2932, the zone around 1.2900 and finally, 1.2855/60. Above the 1.3046, consider resistances at 1.3070/84 zone, and 1.3136.
http://blogs.fxstreet.com/advisor/files/2009/03/eur4-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 16, 2009 at 10:48 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd:Bullish
Gbp/Usd: Bullish
Usd/Chf: Neutral to slightly bearish
Usd/Jpy: Neutral
Eur/Gbp: Bearish
Tags: Majors, Trend
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Tags: Majors, NewsEur/Usd for today
Posted on March 12, 2009 at 11:57 in Short-Term Analysis by Valeria Bednarik1 Comment »
The pair remains in range, not much changed from yesterday’s view. Between 1.2700 and 1.2870, momentum has turn slightly bearish, and the 20 SMA remains pointing to the upside. Quiet market for the last hours, we have Trichet in a couple of minutes, let’s see the effecthere. Resistances will be at 1.2820, and 1.2871. Break above today’s high could trigger some strength in the pair, first to 1.2900 and then to 1.2946. Supports from actual price will be at 1.2780, 1.2755 and 1.2720 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/eu3-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 12, 2009 at 10:52 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: slightly bullish
Gbp/Usd: Bearish
Usd/Chf: Neutral
Usd/Jpy: Bearish
Eur/Gbp: Bullish
Tags: Majors, Trend
Starting the day
Posted on March 12, 2009 at 10:33 in Starting the day by Valeria BednarikNo Comments »
Good morning my friends, welcome back. Do you thing dollar is done? seems not yet. if we compare this 12 days of March with past month, we will find out that Euro, Swiss Franc and Australian dollar are still in range, while Gpb and Cad are loosing big. Japanese Yen is stilldown from the highs despite this appreciation due to Japanese players that repatriated and converted their overseas assets into yen to settle their accounts toward the March 31 fiscal year end. While i’m writing this, a friend form Spain is telling me they have the worst unemployment in years, and the lowest inflation levels of the past 40 years.Risk aversion has not left us. Global slowdown is not over, and will not be until at least a year for what we are hearing from governments and central banks. Market will remain uncertain, because still there is no currency with enough strength to lead the way. But here we are, and we have to understand that clearly, particularly those who prefer longer term positions.
Today we have some fundamentals to take care of, including a Trichet speech:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Usd/Jpy testing important support
Posted on March 11, 2009 at 12:23 in Short-Term Analysis by Valeria BednarikNo Comments »
Turningbearish the pair is right now at 98.10 with the base of the ascendant channel at 97.90. Watch for a break or rebound: if the pair breaks under next supports will be at 97.50 and 97.20Resistances will be at 98.38, 98,70 and 99.00
http://blogs.fxstreet.com/advisor/files/2009/03/yen2-300x225.gif
Tags: usdjpy
Eur/Usd for today
Posted on March 11, 2009 at 11:43 in Short-Term Analysis by Valeria Bednarik2 Comments »
The pair is slowly turning bullish, as we can appreciate in this 4 hours chart: despite indicators are not telling that much, moving averages are helping: 20 SMA is cutting the black 60 EMA and pointing higher. Price remains clearly above, and 1.2700 seems to be a nice floor at the moment. The roof of the channel has been tested yesterday, yet price could not confirm the break as next candle opened inside it. 1.2767 seems to be our first resistance from here, followed by the 200 EMA at 1.2815. The pair needs to move above 1.2860 to confirm further continuations. Under the 1.2700, suppports will be at 1.2660 zone, followed by 1.2620, 1.2580 and 1.2550.
http://blogs.fxstreet.com/advisor/files/2009/03/eu2-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 11, 2009 at 10:41 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral
Gbp/Usd: Neutral to Sightly bearish
Usd/Chf: Slightly Bullish
Usd/Jpy: Slightly bearish
Eur/Gbp: Bullish
Tags: Majors, Trend
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Tags: Majors, News
Gbp/Usd technical perspective
Posted on March 10, 2009 at 12:14 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd is moving in a small ascendant channel in 4 hours charts, forming a continuation flag that will only be confirmed if the pair breaks under the base, around 1.3770/80. On the other hand above 1.3890,first resistance for today that if broken will dismiss the figure. Next resistances will be at 1.3946, 1.3990 zone and above 1.4030,and the zone around 1.4100. Under 1.3810, we have 1.3770, 1.3741, and 1.3710 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/gb-300x225.gif
Tags: gbpusd
Eur/Usd for today
Posted on March 10, 2009 at 11:35 in Short-Term Analysis by Valeria BednarikNo Comments »
In the following chart, you can see the descendant daily channel that I ‘ve been following. With indicators slightly bullish, yet turning after last candle opening, the pair is not saying that much from that side. The 20 SMA has turn pretty bullish and price is above it, suggesting further continuations. Quoting around 1.2700, above 1.2740 the pair will find next resistance at 1.2780 zone, and above around the 1.2820 zone, 200 EMA. Supports will be at 1.2660, 1.2620 and 1.2588.
http://blogs.fxstreet.com/advisor/files/2009/03/eu1-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 10, 2009 at 11:14 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd:Neutral
Gbp/Usd: Sightly bearish
Usd/Chf: Bullish
Usd/Jpy: Slightly bearish
Eur/Gbp: Bullish
Tags: Majors, Trend
Starting the day
Posted on March 10, 2009 at 10:56 in Starting the day by Valeria BednarikNo Comments »
Hello everybody, welcome back! A new day started, and Euro continues holding. The hegemonic currency is now quoting around 1.2700 and very close to break to the upside, the roof of the daily channel that has been leading the way since end of January. Gbp remains quite low under 1.3900 yet tending slightly bearish. Stocks are down in Asia, barely positive in Europe, but market seems not ready to start a big change, fear is still among us. Today we have a few minor reports, we are having in fact a quiet week from the fundamental side, yet check the calendar while i begin with my technical view.
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Eur/Usd technical perspective
Posted on March 9, 2009 at 11:27 in Short-Term Analysis by Valeria Bednarik1 Comment »
The pair can’t hold the pressure and is falling dragged by Gbp. Actual candle opened under the 20 SMA and indicators have turned pretty bearish. Consider first support around 1.2550, followed by 1.2510/20, 1.2486 and 1.2456, past week low. Only above 1.2660 the pair could regain some bullish steam to next resistances at 1.2660 tough zone, and 1.2710 level.
http://blogs.fxstreet.com/advisor/files/2009/03/eur3-300x225.gif
Tags: eurusd
Gbp/Usd unfolded
Posted on March 9, 2009 at 11:07 in Short-Term Analysis, Uncategorized by Valeria BednarikNo Comments »
Gbp/Usd is ignoring the oversold state and continues the free fall. Lower lows, lower highs, the pair has just break the 1.3900 level, and despite the accumulated 300 pips, there is no clear floor at sight: first support I see from actual 1.3875 is close to 1.3820, followed by 1.3772, and 1.3710. 4hours chartsindicators seem to be a bit exhausted, so consider resistances at 1.3945, 1.3990, and above 1.4020. if the pair manages to move more to the upside, the 1.4080/1.4100 zone should contain it.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp3-300x225.gif
Tags: gbpusd
Majors’s sentiment for today
Tags: Majors, News
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Tags: NFP; NewsGbp/Usd today and longer term
Posted on March 6, 2009 at 12:09 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd in 4 hours charts has turned slightly bullish also, yet still in the daily range (I will post both charts) Indicators seems a bit exhausted to the upside, and contained but the roof of a small ascendant channel.Quoting around 1.4240, intraday resistances will be at the daily high, at 1.4288 followed by the 1.4330 zone (where the pair will also close the week opening gap) and above consider the 1.4360/80 zone, where we have some important maximums and also the 200 EMA. Under 1.4200, supports today will be at 1.4135/60 congestion zone, followed by 1.4090, and finally 1.4010/30 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp4-300x225.gif
Let’s turn to daily chart: the pair remains inside a descendant channel, and the upside rally has been halted by the flat 20 SMA located exactly at 1.4330 zone (remember that as is a dynamic MA and will change along the day with price). Indicators are turning to the upside, so resistances will be, above the mentioned earlier and in the longer term, the roof of the channel, close to 1.4600. Confirmation with a daily candle opining above it, will probably trigger a longer term upside rally. Height of the channel is of around 1500 pips, so made your numbers;) . On the other hand, if the pair reaches the zone and don’t break it, will made descedant channel stronger and the pair should attempt to reach the bottom.
http://blogs.fxstreet.com/advisor/files/2009/03/gbpd-300x225.gif
Tags: gbpusd
Eur/Usd technical perspective
Posted on March 6, 2009 at 10:41 in Uncategorized by Valeria BednarikNo Comments »
The pair has turned slightly bullish in 4 hours charts, and my 20 SMA is under price and flat. Indicators are also pointing to the upside, and above the 200 EMA. this is saying that technically, the pair is ready to continue to the upside. Quoting around 1.2670,resistances today will be at 1.2725, followed by the 1.2760 zone, and 1.2810, roof of the descendantchannel of the daily charts. Clear break above, will left doors open for a more interesting bullish recoup. Supports from actual price will be at 1.2648, the zone around 1.2600, 1.2550, 1.2510 and 1.2486.
http://blogs.fxstreet.com/advisor/files/2009/03/eur2-300x225.gif
Majors’s sentiment for today
Posted on March 6, 2009 at 10:02 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bullish
Gbp/Usd: Bullish
Usd/Chf: Bearish
Usd/Jpy: Bearish
Eur/Gbp: Neutral
Tags: Majors, Trend
Starting the day
Posted on March 6, 2009 at 9:42 in Starting the day by Valeria Bednarik2 Comments »
Hi everybody, and welcome back! Day after rates, NFP in the U.S. expected with a sharp fall again,and dollar is falling all across the board. The massive decline in jobs, will be the last push greenback needs to fall, or will just feed risk aversion and made it come back to yesterday’s levels? Europeans have rose around 100/150 pips, nothing spectacular and longer term changing yet, but the signs of probable bottom are getting reinforced with this movements, plus, Euro and Gbp hold yesterday while U.S. stock plummet to record lows. Asia also fell hardly, and Europe is fighting to stay positive.
I’ll be right back to start with the technical perspective for majors.
Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
BoE and ECB Live Coverage
Posted on March 5, 2009 at 15:00 in Live Webinars, Uncategorized by adminNo Comments »
BoE and ECB Live Coverage with Valeria Bednarik
Gbp/Usd levels
Posted on March 5, 2009 at 11:40 in Short-Term Analysis by Valeria Bednarik2 Comments »
Quick post before coverage, levels for Gbp are as follows:
Supports: 1.4060 zone, followed by 1.4026,1.3990 and 1.3946. Break under this last will aim for the lows 1.3800.
Resistances: 1.4135/60 congestion zone, 1.4160, 1.4208, 1.4282, and above 1.4330.
Tags: gbpusd
Eur/Usd technical points
Posted on March 5, 2009 at 11:12 in Short-Term Analysis by Valeria BednarikNo Comments »
Well, no much difference form yesterday’s post here, the pair remains bearish despite yesterday’s spike to our last resistance level at 1.2660. Remember I always pay attention to the 20 SMA? (red here in the chart) well, see how it lost some bearish momentum and begins to turn flat. If price manages to close the day above it, will be a good fist signal of turning up. But well, we have to wait for that. Anyway, the pair is quoting just under our first resistance level, around 1.2570, followed by the 1.2600/20 zone, and above the 1.2660. Clear break of that, will take us to 1.1.2720, 1.2784 and 1.2820 roof of the daily descendant channel. Supports from actual price, will be at 1.2510, followed by the 1.2480/90 zone, 1.2458, 1.2423 and finally 1.2388.
http://blogs.fxstreet.com/advisor/files/2009/03/eur1-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 5, 2009 at 10:23 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Slightly Bullish
Usd/Jpy: Bullish
Eur/Gbp: Slightly Bearish
Tags: Majors, Trend
Starting another rate dates
Posted on March 5, 2009 at 9:41 in Starting the day by Valeria BednarikNo Comments »
Hi my friends, welcome back! Euro rallied to end the day just under the 1.2660 level, climbing back from a 15-week low during European session, as U.S. stocks advanced for the first time in almost two weeks. Dollar decline all across the board, except Japanese Yen that stays firmly around the 99.00 level. Pound also print gains against dollar, but could not hold the 1.4200. Far from a greenback fall, yesterday’s movements retrieve since early Asian session, while Japanese Yen continues on his own, falling across the board.
I won’t add much personal comments here today: rates decision will certainly be louder than any “idea” we could have. While both central bancks, BOE and ECB are expected to cut rates, some analyst suggest their could be surprises in there. I have been having a great discussion with Anatoli about that in yesterday’s Starting the day comment, so I will answer him right away, before continuing posting major technical points for today.
Also, I will be covering Live! Rates decisions at Fxstreet.com home page.
Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
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Posted on March 4, 2009 at 12:51 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd remains range bound, between the 1.3990 and the 1.4135 zone. Indicators are pointing higher, yet the 20 SMA has just halted the raise. the pair needs to clearly break above the tough congestion zone between 1.4135/60 to move further up, with next resistances at 1.4160, 1.4208 and 1.4282, before facing the 1.4330 tough zone. Supports today, will be at 1.4060 zone, followed by 1.4026,1.3990 and 1.3946 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp2-300x225.gif
Tags: gbpusd
Usd/Jpy firmer in upside trend
Posted on March 4, 2009 at 12:36 in Short-Term Analysis by Valeria BednarikNo Comments »
The upside trend remains healthy in the pair, with the pair stuck at the moment, around 99.30. We can see in 4 hours charts a big channel that’s driving the pair up, while momentum still indicates more room to go. Above today’s high, at 99.46 consider resistances at 99.80 zone and above 100.10. Channel roof lays around 100.40 and we have a weekly high at 100.54, so that should be max target for today, if the pair continues up. Under 99.00, next supports will be at 98.58, the 98.28, followed by 97.56 and finally 97.20 zone.
http://blogs.fxstreet.com/advisor/files/2009/03/yen1-300x225.gif
Tags: usdjpy
Eur/Usd technical points
Posted on March 4, 2009 at 11:29 in Short-Term Analysis by Valeria Bednarik2 Comments »
Just technical, no personal opinions here! I promise I will try. The pair is quoting just around the 1.2520 level, after setting a new low yesterday at 1.2456. Indicators are quite flat, not giving any clear signal, as said earlier, either way. Yet the 20 SMA is clearly pointing to the downside, and the pair has no aims to rise. Under 1.2490, the pair could attempt to retest the low’s zone around 1.2460, followed by 1.2423, and 1.2386 zone, before the 1.2330 critical zone. Above 1,2560/70 next resistances will be at 1.2600/20 zone, and above 1.2660.
http://blogs.fxstreet.com/advisor/files/2009/03/eur-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 4, 2009 at 10:04 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Neutral
Usd/Chf: Bullish
Usd/Jpy:Bullish
Eur/Gbp: Slightly Bearish
Tags: Majors, Trend
Starting the day
Posted on March 4, 2009 at 9:59 in Starting the day by Valeria Bednarik3 Comments »
Hi my friends, welcome back! Every morning lately, when I look at my charts, I think: “well, today’s the day when all will blow away”. It seems like a balloon: tension is bigger day after day, and well, it can’t hold for ever right?. However, my confidence in the outbreak is being reduce hour after hour (now, that I’m posting this, will probably happen today, Murphy’s law! http://blogs.fxstreet.com/advisor/wp-includes/images/smilies/icon_wink.gif ). Seriously, I actually can see the bearish trend, I can see lower shy attempts daily, and that’s what is bother me: their are so shy! no momentum in European currencies, not strong enough, yet we can’t also call this really a consolidation, and certainly I can’t read this movements as an exhaustion to the downside, not yet. I guess, I’m not the only one tired of reading and writing about risk aversion. But fear is here: stocks has spent these last two weeks falling across the world, hitting historical lows, while the downturn inevery and each economy seems endless. Now i should wonder how long will this last, if we are seeing a change for good in market, and so. The fact is, this same happened a few months ago, when dollar was in the eternal fall and reached 1.60 against Euro and 2.11 against Gbp, remember? This won’t last for ever. Just we must be ready to read the signs of change on time. What do you think? Let me know!
Today we have more bad news expected in the U.S. regarding employment and services, so probably stocks will fall again, despite Asia close positive and Europe is holding in the green side right now. Will majors finally decide to get some independence? I doubt about that, just because tomorrows programed rate cuts. Guess at least! we will have to wait till next week.
Here is today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Gbp/Usd technical perspective
Posted on March 3, 2009 at 12:15 in Short-Term Analysis by Valeria Bednarik3 Comments »
The 1.4000 zone is holding the pair downside quite well at the moment, but general perspective does not change: the pair remains bearish in bigger charts, with daily candles showing lower highs and lower lows. 4 hours chart show a small continuation triangle the pair is attempting to break right now (still not confirmed), that suggest more downside movements. Supports to take care off will be the 1.3990 and 1.3950, yesterday’s minimum zone. under that level, consider 1.3856 and 1.3786 zone. The zone between 1.4070/90 will be first minor resistance for today, followed by the tough zone around 1.4135, 1.4160 (today’s high), 1.4208 and 1.4282.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp1-300x225.gif
Tags: gbpusd
Majors’s sentiment for today
Posted on March 3, 2009 at 10:48 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Neutral
Usd/Jpy: Neutral to Slightly Bullish
Eur/Gbp: Slightly Bullish
Tags: Majors, Trend
Starting the day
Posted on March 3, 2009 at 10:20 in Starting the day by Valeria BednarikNo Comments »
Hi everybody welcome back! First rate decision of the week has come with surprises: the Central Bank of Australia decided to hold rates, dragging majors along against greenback during the Asian session. Thus, this won’t last and sooner or later attention will come back to Euro zone financial woes and England quantitative easing, and unemployment, and risk aversion, and the list could continue endless. At the moment risk aversion is here to stay, and Euro will probably suffer it more than any other currency. Stocks remain red in Asia and Europe right now,and in a couple of hours we will have Canada rate decision. Today we also have the U.S. Pending home sales expected really negative, and don’t forget U.S. stocks closed under a 1997 minimum yesterday. Change is not giving signs of life yet.
Here is today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Gbp and Euro update
Posted on March 2, 2009 at 13:12 in Short-Term Analysis by Valeria Bednarik4 Comments »
Both pair tested the supports mentioned in early posts, (Euro the 1.2550 zone, Gbp close to the 1.4020) where we saw a quick rebound. However both majors remain inside daily range, and American stocks opening will probably decide the trend for the rest of the day. Clear break under mentinoed zones will trigger more selling momentum as mentioned earlier.
Tags: dollar, Euro, gbp
Gbp/Usd close to key support level
Posted on March 2, 2009 at 11:39 in Short-Term Analysis by Valeria BednarikNo Comments »
The decision by European Union leaders over the weekend not to coordinate a bailout for central and eastern European economies has boosted risk aversion,sending dollar higher in early Europe. Gbp is also suffering downside pressure, and remains fighting the 1.4200 zone. The pair has already tested the 1.4255, first support for today, followed by the tough congestion zone the pair has between 1.4120/35. If the pair manages to break under, we could see some bearish momentum there, with next supports at 1.4090 and 1.4018 zone. Take a look at 20 SMA that is clearly pointing downwards: any upside movement should be consider a correction as long as the MA remains in this tone. Above 1.4238 the pair could move to 1.4280 zone, followed by 1.4313 (where we have the openinggap). Above this last, the pair could extend to the 1.4380 zone, yet not quite clear right now.
http://blogs.fxstreet.com/advisor/files/2009/03/gbp-300x225.gif
Tags: gbpusd
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Posted on March 2, 2009 at 11:08 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair has finally found a roof just below the99.00 level, and start a downward correction. Moving between 96.80 and 98.00 the pair is moving in a descendant channel, yet moving sideways. The 20 SMA is beginning to turn flat, watch for it to turn bearish. Indicators are already bearish, so consider abreak under the 96.80 zone as renewed downside strength with next supports at 96.40 zone, the 38.2% of the last down leg. Candle opening under that level (not quite clear at this time) could take the pair to next supports at 96.00 zone, followed by 95.60 (50% of the mentioned rally) and them 95.16. Above 97.28, resistances will be at 97.86, 98.20 and finally 98.73.
http://blogs.fxstreet.com/advisor/files/2009/03/yen-300x225.gif
Tags: usdjpy
Eur/Usd technical perspective
Posted on March 2, 2009 at 9:41 in Short-Term Analysis by Valeria BednarikNo Comments »
No much change here, the pair remains clearly under selling pressure, in daily and 4 hours charts. Hovering around 1.2600, first resistancetoday will be at 1.2620, followed by the zone around 1.2660, where the fall will fill the opening gap left in Asia opening. Above it, consider 1.2695 zone and finally 1.2725/40. First support today will be at 1.2576, followed by the zone around 1.2550 where the pair has rebounded early today. Under today’s minimum, consider 1.2513 (weekly minimum) and then 1.2468 and 1.2423.
http://blogs.fxstreet.com/advisor/files/2009/03/eu-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on March 2, 2009 at 9:00 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Bullish
Usd/Jpy: Slightly Bullish
Eur/Gbp: Neutral to Sigthly Bearish
Tags: Majors, Sentiment, Trend
Starting the day
Posted on March 2, 2009 at 8:52 in Starting the day by Valeria BednarikNo Comments »
Hi everybody, and welcome! March has finally arrived. Remember ECB pointed next important meeting will take place precisely this month?, well economic conditions have worsened in the euro zone, with consumer confidence at significant lows, and unemployment edging higher month after month. So what will Mr Trichet do with one of the more expensive rates around the world? (of course, this forex world). I believe we are going to see some pricing in of next Thursday cut these first days of the week. Market is always counting on a cut in England too, that will bring the official rate to 0.50% a historical minimum. Expect both majors to suffer heavy selling pressure.
Today we have a busy calendar, so please check the following link, while I begin with my technical perspective:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Gbp/Usd close to key support level
Posted on February 27, 2009 at 10:51 in Short-Term Analysis by Valeria BednarikNo Comments »
Take a look at this daily chart: the pair remains inside the descendant channel, and pushing down after breaking an ascendant trend line coming from the 1.3500 lows. Notice also the tough congestion zone the pair has between 1.4140/60, firs support for today. Movingunder that zone, could send the pair to 1.4092, past week minimum.
http://blogs.fxstreet.com/advisor/files/2009/02/gbpd-300x181.gif
Turning to 4 hours charts, we find next interesting support level between 1.4020 and 1.4040, that should hold the downside for today. Resistances in the short term are at 1.4210 zone, followed by 1.4285 and 1.4330 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp41-300x181.gif
Tags: gbpusd
Majors’s sentiment for today
Posted on February 27, 2009 at 10:33 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Bullish
Usd/Jpy: Neutral
Eur/Gbp: Neutral to Sigthly Bullish
Tags: Majors, Trend
Starting the day
Posted on February 27, 2009 at 10:30 in Starting the day by Valeria BednarikNo Comments »
Hi everybody welcome back! Greenback is still the preferred refuge in this crazy turmoil times. Euro and Gbp, are pushing the downside of the narrow range they were in these past days, and ready to continue. Investors are very pessimistic (logical, of course) and market is a good reflection of that. Stocks are still the main forex driver, and by this time, Europe remain negative, while the U.S. close again yesterday very close to a 12-year low. Japanese Yen is gaining some ground, but consider it as a correction of last days upside run.
Here is the link to today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Divisas, Noticias
Usd/Jpy holding the 98.00
Posted on February 26, 2009 at 13:27 in Short-Term Analysis by Valeria BednarikNo Comments »
The bullish trend remains intact at the moment, despite the pair is longing for some downside correction. Moving in an ascendant channel, first resistance today will be 98.28, followed by a brief stop around 98.50/60 before testing the 99.00 level. Only under 97.60 the we could see some downside corrections, with next supports at 97.20 and the 96.55 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/yen10-300x181.gif
Tags: usdjpy
The Euro/Usd for today
Posted on February 26, 2009 at 12:50 in Short-Term Analysis, Uncategorized by Valeria BednarikNo Comments »
Still bearish in longer term time frames and trapped between 1.2800 and 1.2700, the pair is stretching range lately, meaning we are probably close to see some break, the pair is attempting to reach 1.2800 level at this time. No clear signs coming from indicators, and with 4 hours charts slightly bullish, consider resistances at 1.2800 zone, followed by 1.2832, 1.2863 and the zone around 1.2900 where we have a daily descendant trend line. Supports from actual place will be located at 1.2757, the congestion zone around 1.2720 and finally 1.2690.
http://blogs.fxstreet.com/advisor/files/2009/02/eu5-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 26, 2009 at 9:53 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:Eur/Usd: Neutral
Gbp/Usd: Neutral
Usd/Chf: Sigthly Bearish
Usd/Jpy: Bullish
Eur/Gbp: Sigthly Bearish
Tags: Majors, News
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Posted on February 24, 2009 at 13:37 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair remains bullish with no signs of corrections at sight. Breaking the roof of an ascendant channel, above the 96.01 today’s high, the pair could win momentumwith next resistances at 96.38, 96.75 and 97.10.Under 95.80 we could see some corrections to 95.50 zone,and 94.90/95.00 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/yen9-300x181.gif
Tags: usdjpy
Eur/Usd for today
Posted on February 24, 2009 at 11:05 in Short-Term Analysis by Valeria BednarikNo Comments »
Quoting around 1.2820, the pair seems bullish at the moment, reaching for first resistance around 1.2845. Recent candle opening turned indicators to the upside, and also the 20SMA is pointing to the up side so above mentioned 1.2845 zone, consider next resistances at 1.2890, 1.2942 and finally the 1.3000 zone. Supports from actual price are at 1.2800, 1.2759, 1.2720 and 1.2685.
http://blogs.fxstreet.com/advisor/files/2009/02/eur6-300x181.gif
Tags: eurusd
Majors’ s sentiment for today
Posted on February 24, 2009 at 10:21 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Slightly Bullish
Gbp/Usd: Neutral
Usd/Chf: Bearish
Usd/Jpy: Bullish
Eur/Gbp: Bullish
Tags: Majors, Trend
Starting the day
Posted on February 24, 2009 at 9:51 in Starting the day by Valeria BednarikNo Comments »
Hi everybody welcome back. Risk aversion has not left the room yet, and market conditions remain uncertain. Wide swings and no definition in Europeans, while Yen finally begins to fall, are the main subjects to consider. I still see Euro as the weaker currency of the board in the general view, as the Euro zone is still under heavy pressure. As told you some days ago, Central Bank reaction to the crisis has been a little too late. Maybe some strong reactions from there can change this, but it doesn’t seems likely ECB changing posture. Anyway, let’s see what technicals have to say.
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
We have some fundamentals to consider today, please check the following link:
Tags: Majors, News
Eur/Usd wide range
Posted on February 23, 2009 at 11:43 in Short-Term Analysis by Valeria BednarikNo Comments »
The peak close to 1.3000 leave the pair exhausted, and turned indicators to the downside. The 200 EMA probed again to be a good resistance for the pair, and the Euro remains weak. Quoting around 1.2830, the pair needs to break under 1.2800 to continue to the downside, with next supports at 1.2758, 12720/30 zone and finally 1.2680. Above 1.2860 consider 1.2886, 1.2942 and today’s high at 1.2991.
http://blogs.fxstreet.com/advisor/files/2009/02/eur5-300x181.gif
Tags: eurusd
Usd/Jpy break up
Posted on February 23, 2009 at 11:01 in Short-Term Analysis by Valeria BednarikNo Comments »
After falling to 92.50 the pair has finally break above the key 94.63 zone, and at the moment holds the support. Some short term correction is due because of the overbought state of the pair, with supports at 94.45, 94,10 and 93.50 zone. Resistances above the maximum, will be at 95.20/30 zone, followed by 95.92.
http://blogs.fxstreet.com/advisor/files/2009/02/yen8-300x181.gif
Tags: usdjpy
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during that session.
Usd/Jpy nice ascedant channel
Posted on February 20, 2009 at 13:08 in Short-Term Analysis by Valeria Bednarik4 Comments »
The bullish trend here is still firm, as the pair remains above the 94.00 level after a small correction to 93.60 zone.Moving inside an ascendant channel and quoting around 94.10, the pair consider resistances at 94.45/63. Above it we have as yesterday, 94.90 that could extend to 95.10 a tough congestion zone. Supports will be at 93.60 zone, 93.10 and finally 92.48.
http://blogs.fxstreet.com/advisor/files/2009/02/yen7-300x181.gif
Tags: usdjpy
Gbp/Usd consoditation mode
Posted on February 20, 2009 at 12:08 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair has been in a 300 pips range all week long, attempting to break up, but restricted by general market sentiment. Slightly bullish in 4 hours charts, the pair is close to the first resistance for today at 1.4375/85 zone followedby the 1.4410, and the weekly max, around 1.4446; a break above could give the pair more bullish momentum, to the zone around 1.4500 and above, 1.4566. Supports from actual price will be at 1.4295/4310 zone, followed by 1.4255, 1.4205 and 1.4154 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp10-300x181.gif
Tags: gbpusd
Eur/Usd for today
Posted on February 20, 2009 at 11:14 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair remains under selling pressure, after almost compliting a pullback to the ascendant trend line broken past Tuesday. The quick come back from that level, suggest more bearish pressure for the pair, in the term. Quoting right now around 1.2620, resistances will be at 1.2647, followed by 1.2690 zone, 1.2730 and finally yesterday’s high at 1.2760. Under 1.2605, consider 1.2563 (today’s low) and 1.2513 this week minimum.
http://blogs.fxstreet.com/advisor/files/2009/02/eur4-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 20, 2009 at 10:37 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Neutral
Usd/Chf: Bullish
Usd/Jpy: Bullish
Eur/Gbp: Neutral to Bearish
Tags: Majors, Trend
Starting the day
Posted on February 20, 2009 at 10:24 in Starting the day by Valeria BednarikNo Comments »
Good morning my friends, happy Friday. Not much to add to market conditions this last day of the week: general sentiment remains dollar bullish, not because dollar strength but for the global economic downturn fears. The sparking light of hope during yesterday’s European session was quickly dilutedby falling stocks: Dow Jones IA is ready to test a 6 years low, while Asia close negative and Europe remains in red at this hour. Euro remains the weaker, hit by another bunch of ugly macroeconomic news. Seems that any attemptto save euro zone is too little and too late. Anyway, here’s the link to today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Eur/Jpy daily charts
Posted on February 19, 2009 at 13:04 in Long-Term Analysis by Valeria BednarikNo Comments »
The pair has been consolidating long enough around 5 years lows, and with Japanese Yen loosing strength longer term correction is close to begging: moving in an ascendant channel, and with indicators pointing for a continuation, with 120.00 level as first tough resistance, followed by the daily descendant trend line, today around 121.30 a break above it, plus the break of the ascendant channel roof (close to it), could trigger longer term upside movements, as long as the base (today around 114.55) holds the downside.http://blogs.fxstreet.com/advisor/files/2009/02/ey-300x181.gif
Tags: Eur/Jpy
Usd/Jpy consolidating
Posted on February 19, 2009 at 12:16 in Short-Term Analysis by Valeria BednarikNo Comments »
The Usd/Jpyis consolidating in a flag formation (4 hours charts) trapped around the 93.50 level. bigger charts remain bullish, yet need some downside correction to see a firmer rise in here. Above the 93.79 zone, pair could attempt to retest the 94.00 zone, and above the key 94.60. A daily open above it could confirm the daily double bottom figure, and mean more bullish strength; next resistance will be at 94.92. Under 93.30 the pair will deny the formation, and downside correction could extend to 92.80 zone, 92.48 and finally the zone around 92.10.
http://blogs.fxstreet.com/advisor/files/2009/02/yen6-300x181.gif
Tags: usdjpy
« Newer posts – Older posts »
Posted on February 19, 2009 at 11:58 in Short-Term Analysis by Valeria BednarikNo Comments »
Nice break to the upside here, the 4 hours chart has turn bullish, despite some exhaustion in indicators. The pair attempted to break above the 1.4400but failed at the moment, reaching as high as 1.4416. Above it, we have, 1.4447 followed by 1.4480/90 ( see the 200 EMA there, quite flat anyway), followed by 1.4537 and finally 1.4591. Supports from actual price will be at 1.4340, 1.4305, 1.4248 and finally the zone @ 1.4200.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp9-300x181.gif
Tags: gbpusd
Eur/Usd for today
Posted on February 19, 2009 at 11:22 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair started a nice correction and remains close to the 1.2686, today’s high and first resistance to consider from actual price. Indicators are pointing to the upside, so a test of the descendant trend line in next chart, seems likely above that point, the 1.2720 zone. A break above could send the pair first to 1.2762 and above, the 1.2800 zone. 1.2635 zone seems to be the first support we have from here, followed by 1.2590, 1.2557 and yesterday’s low at 1.2513.
http://blogs.fxstreet.com/advisor/files/2009/02/eu4-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 19, 2009 at 10:35 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: slightly Bullish
Gbp/Usd: Sigltly Bullish
Usd/Chf: Bullish
Usd/Jpy: Neutral
Eur/Gbp: Neutral to Bearish
Tags: Majors, Trend
Starting the day
Posted on February 19, 2009 at 10:32 in Starting the day by Valeria BednarikNo Comments »
Hi my friends,hope you are fine! Relief has come to majors, an inch away of entering the panic stage.Market is in correction mode, after heavy 3 days losses both in stocks and currencies. Dollar has not lost the safe haven status, but probably we are seeing some profit taking particularly against Euro and Gbp. Euro remains weak, and not likely to recoup strength, while Gbp remains a bit better bid than it’s European counterpart. Long term perspective however, remain dark for both economies (not saying the U.S. is in better shape) meaning there are no trend changes atsight. Today we have some inflation reports in the U.S, so better check the calendar here:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Usd/Jpy Technical points
Posted on February 18, 2009 at 13:02 in Uncategorized by Valeria BednarikNo Comments »
Japanese Yen remains under selling pressure and pushing higher: close to break the 92.80/93.00 zone, the pair continues moving slowly, trapped between risk aversion and yen bearish moment. However, the bullish trend in the pair remains firm in 4 hours charts: above the mentioned maximums, next resistance zone will be at 93.36, followed by 93.84 and then 94.10. under 92.50 next supports will be at 92.10, 91.62 and then yet not seen 91.20 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/yen5-300x181.gif
Tags: usdjpy
Eur/Usd going down
Posted on February 18, 2009 at 11:07 in Short-Term Analysis by Valeria Bednarik1 Comment »
4 hours indicators seem a bit exhausted to the downside, yet the pair remains close to first critical support zone 1.2557 (already tested twice today) as Euro remains weak ona very negative sentiment. In the longer term, a clear break under 1.2545/57 could mean a retest of 1.2330, last October minimum. Under that price, today’s supports will be at 1.2510, 1.2458, and 1.2420 zone.Upside correction will find resistances at 1.2600, 1.2645, and the zone around 1.2680. Clear break above is needed to deny more falls today.
http://blogs.fxstreet.com/advisor/files/2009/02/eu3-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 18, 2009 at 9:28 in Sentiment by Valeria Bednarik4 Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Bullish
Usd/Jpy: Bullish
Eur/Gbp: Neutral to Bullish
Tags: Majors, Trend
Starting the day
Posted on February 18, 2009 at 9:26 in Starting the day by Valeria BednarikNo Comments »
Hello everybody, hope you are fine! First of all, my apologizes for these last days lack of post; I have been working with Fxstreet.com team to improve the News session at the home page http://www.fxstreet.com/and I know I let the blog a bit alone. But well I’m back! I will answer your questions after I take a good look at majors. As you may know, yesterday risk aversion come close to a panic stage hitting harder on Euro, after a rating agency warned the exposure of Western European banks to Eastern European loans could affect their credit ratings, spreading fears of contagion to all the euro zone. Stocks continue falling around the world (America lost almost 300 points, Asia close negative) and at the moment Europe is just above the floating line. Charts are suggesting continuation for today, so I will start with the technical perspectives right away.
Market is a bit quiet at the moment but we have a nice number of fundamentals that could imprint some interesting movements for today, here is the calendar link:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Gbp/Usd technical levels
Posted on February 17, 2009 at 12:33 in Short-Term Analysis by Valeria Bednarik5 Comments »
Some movements we are seeing here, in the middle of the fight. Bigger charts remain bearish for me, as long as the20 SMA points to the downside and contains further raises. Take a look at the chart: a bit away yet 1.4130 seems to be quite a support zone for the pair, with 1.4225 and 1.4170 as intermediate ones. A clear break under 1.4130 could mean a retest of the year minimum in the 1.35 zone in the medium term. for today, resistances will be at 1.4280, 1.4310/20 zone, and above 1.4360, a daily descendant trend line that should contain the upside.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp7-300x181.gif
Tags: gbpusd
Eur/Usd technical points
Posted on February 17, 2009 at 11:04 in Short-Term Analysis by Valeria BednarikNo Comments »
Hard to ignore, the technical break confirmed on Sunday opening follow all the steps including pullback to the broken line; euro remains the weaker currency across the board, and technically bearish in 4 hours and daily charts. Quoting around 1.2645, first important support will be the zone around 1.2595/1.2610, followed by the more tough 1.2549 zone. Under that and a probable downside target for today will be 1.2510. An upside correction will find resistances at 1.2675/85, followed by 1.2724, 1.2770, the zone around 1.2800 and finally 1.2830.
http://blogs.fxstreet.com/advisor/files/2009/02/eu2-300x181.gif
Tags: eurusd
« Newer posts – Older posts »
Posted on February 16, 2009 at 11:37 in Short-Term Analysis by Valeria Bednarik2 Comments »
Daily charts remain quite bearish although the 1.4135 zone has prove to be a strong support. Watch for a break of that level to consider more bearish movements in the medium term. At the moment, market remains in boring tiny conditions, with noclear definitions: the pair is quoting around 1.4235, with supports at 1.4208 zone, followed by 1.4170 and the mentioned zone at 1.4135. Under that, 1.4085 will be next support to consider. Only above 1.4286 we could see the pair moving to the upside, first to 1.4340 zone, and above 1.4390 and 1.4440.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp6-300x184.gif
Tags: gbpusd
Eur/Usd bearish pressure
Posted on February 16, 2009 at 10:30 in Uncategorized by Valeria BednarikNo Comments »
Eur/Usd started the week under the daily ascendant trend line, suggesting more bearish continuation for the days ahead. Rebounded already and again around the key 1.2710/20 zone, a clear break under that zone will find next supports at 1.2680, 1.2651 and 1.2600. Fighting the 1.2765 level right now, only clearly above 1.2810 the pair could fill the opening gap moving to 1.2865.
http://blogs.fxstreet.com/advisor/files/2009/02/eu1-300x181.gif
Majors’s sentiment for today
Posted on February 16, 2009 at 10:03 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Neutral to Bullish
Usd/Jpy: Bullish
Eur/Gbp: Neutral
Tags: Majors, Trend
Starting the day
Posted on February 16, 2009 at 9:46 in Starting the day by Valeria BednarikNo Comments »
Hi everybody, welcome back! new week stated with stocks falling in Asia and Europe, as the Group of Seven failed to spell out steps to fix the severe global recession, focusing on avoiding protectionism and delaying a global answer till April G 20 meeting. But bad news don’t end there: Japan’s economy contracted the most since 1974 and the Confederation of British Industry warned the U.K. GDP will shrink the most in almost three decades, as they expect a contraction of 3.3 percent, instead of the 1.7 percent predicted in November. Anyway,America is not in better shape: the G7 also pressure Geithner to move quick with the stimulus plan to fight the roots of the global downturn. Today we have a bank holiday in the U.S. so we could expect some choppy trading during the American session.
Be back in a few minutes. Have a great day!
Tags: Majors, News
Usd/Jpy ready to turn
Posted on February 13, 2009 at 13:30 in Short-Term Analysis by Valeria BednarikNo Comments »
The Usd/Jpy seems ready for a longer term upside turn: approaching again to the 92.00 zone, a clear break of that descendant line you see in charts, will be a good signal to confirm the bullish bias; today, above the 91.75 zone the 92.00 should offer some short term resistance to the upside, followed by the 92.40 zone. Regarding supports, under 91.40 the pair will have 91.05, and finally the 90.60 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/yen4-300x184.gif
Tags: usdjpy
Gbp/Usd technical points for today
Posted on February 13, 2009 at 12:11 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair seems a bit exhausted to the upside,after reaching the 50% of the last downleg Fibonacci retracement and the 200 EMA dynamic resistance. Follow actual candle: a close under 1.4465, 38.2% and first support for today, could send the pair to the downside, first to 1.4416, followed by 1.4335 zone, and finally 1.4248. Resistances from here will be at 1.4550, 1.4605, 1.4645/60 zone, and above it, 1.4733.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp5-300x181.gif
Tags: gbpusd
Eur/Usd technical points
Posted on February 13, 2009 at 11:39 in Short-Term Analysis by Valeria BednarikNo Comments »
Not much change from yesterday’s perspective, Euro/Dollar remains under bearish pressure: if we look the daily charts, we could see the pair is inside a triangle, formed at the end of a descendant trend: already try to break under yesterday, yet failed; triangles are supposed to be continuation figures, so a clear daily open under it, could mean more bearish pressure for the pair.further long term confirmation will come under the 1.2710, minimum’s zone that rejected the bearish bias quite strongly a couple of times. Could G7 meeting change perspective? probably: a move above the 1.3050/1.3100 zone will completely change the pair perspective in the medium term. For today, supports will be at 1.2845, followed by 1.2804, 1.2752 and finally the 1.2700/10 zone. Regarding resistances, above 1.2896 we have 1.2942, today’s high, followed by the zone around 1.3000, where we also have the descendant trend line we have been following, and above it consider 1.3030/50 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/eu-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 13, 2009 at 10:24 in Uncategorized by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral to slighlty Bearish
Gbp/Usd: Bullish
Usd/Chf: Neutral to slightly bullish
Usd/Jpy: Bullish
Eur/Gbp: Bearish
« Newer posts – Older posts »
Posted on February 12, 2009 at 12:28 in Short-Term Analysis by Valeria BednarikNo Comments »
European and Asian stocks fall send the pair right to the ascendant line we have been following lately, and already gave a one interesting rebound from there; quoting around 1.2845, the pair needs to regain 1.2880 to move further up with next strong resistances at 1.2936, 1.2980/90 zone and finally 1.3020. Under 1.2834 the pair could retest the minimum at 1.2975, and if breaks under, consider 1.2746 and then 1.2706.
http://blogs.fxstreet.com/advisor/files/2009/02/euro-300x181.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 12, 2009 at 11:51 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bearish
Usd/Chf: Bullish
Usd/Jpy: Neutral
Eur/Gbp: Bullish
Tags: Majors, Trend
Starting the day
Posted on February 12, 2009 at 11:28 in Starting the day by Valeria BednarikNo Comments »
Hi everyone, welcome again to risk aversion market! Or should we just say RISKY market? probably. I woke up at the beginning of the European session and go to sleep after Asian one is fully marching, (that’s another “forex expert” issue: we never sleep) Anyway, GBP close to 1,4100 when I open my eyes plus all the wild movements we have been seing lately, the lack of definitions, stocks falling like snow, world economies like stones,and… well you have the picture right? all these made me thing about how risky is forex market, and how many times i hear the “get rich quickly it’s easy” here: Trading is not easy. Trading needs more than two systems downloaded from Internet and guts.Stop losses are the best tool we have, and pride is our worst enemy, we could know a lot, determinate where are majors could be heading to, but keep in mind, nothing must be taken for granted, nothing is 100% sure, except that you will loss eventually. If you can keep winnings above losses, manage risk, and stay cool, you don’t have to care about wild movements, big boys, or anything else! Well I’m late today, I know, I have also very good news to share! See Fxstreet.com CE0´s weblog: http://blogs.fxstreet.com/francesc/2009/02/11/valeria-bednarik-new-forex-advisor-fxstreetcom/
I will be working with Fxstreet.com stuff to make all we can to improve the quality of the page for all of you. So, today’s delay is just the beginning of a new stage, that i really hope, will help you all become better and wiser traders. We have some fundamentals in the U.S. (the preview seems dollar positive) so take a look at calendar, while I begging watching charts:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Usd/Chf technical and fundamental perspective
Posted on February 11, 2009 at 13:09 in Short-Term Analysis by Valeria BednarikNo Comments »
Well know that in turmoil times, Swiss Franc tends to be a refugee, a safe haven currency that quickly appreciates, when risk aversion extend wings above market. Yet late movements shown the swissy loosing ground and tending lower (meaning the pair remains bullish in bigger charts) forming a flag in daily charts, that could trigger some very interesting long movements in the medium term. Why is this happening? because deflation threatens the economy, and the National Bank intervention rumors including ideas of quantitative easing are weighting more and more, as the strengthin the currency hits hard he export dependent economy. Is there chances of further upside movements there? nodoubts yet no clear signals of this happening right away: the pair is closer to the mentined flag floor, than to break the roof. But the floor is holding andlonger term bullish perspective will remain intact till a daily clear break under it.
For today, with the pair quoting around 1.5780, consider a first resistance at 1.1620 zone, followed by 1.1651, 1.1680, the zone around 1.1720 and finally 1.1780. Regarding supports, consider 1.1530, 1.1500 zone (ascendant daily trend line) and 1.1438.
http://blogs.fxstreet.com/advisor/files/2009/02/chf3-300x225.gif
Tags: Usd/Chf
Usd/Jpy fighting key level
Posted on February 11, 2009 at 11:48 in Short-Term Analysis by Valeria BednarikNo Comments »
Despite 4 hours charts have turn slightly bearish, the pair downside seems quite contained as the pair remains fighting the 90.00 level, and points for some upside correction from actual price. Above the 90.10/20 zone, the pair will find next resistance at 90.56, followed by 90.88, and 91.10 zone. A break above it, could re trigger the bullish momentum with next resistances at 91.33 and 91.80. Regarding supports, under 89.69, today’s minimum we have a daily ascendant trend line at 89.52 zone. A clear break under should deny further upside movements for today, and next supports to consider from there will be 89.20 and 88.85.
http://blogs.fxstreet.com/advisor/files/2009/02/yen3-300x225.gif
Tags: usdjpy
Gbp/Usd and the bearish momentum
Posted on February 11, 2009 at 11:25 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd remains pretty bullish after almost reaching the 1.50 zone, and continues falling: the pair breaks under the ascendant channel base, and remains to the downside contained also by the 200 EMA. If the pair manages to move under the 1.4320 zone, chances of a continuation increase, with next supports at 1.4268, 1.4210 and probably to 1.4150 zone, more strong one. From actual price we have resistances at 1.4410, 1.4452 and 1.4480 zone. Needs to recoup 1.4520/30 to turn the bearish bias, and move to 1.4565 and finally 1.4600 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/gb-300x225.gif
Tags: gbpusd
Eur/Usd technical points
Posted on February 11, 2009 at 11:06 in Short-Term Analysis by Valeria BednarikNo Comments »
Despite the range the pair has is getting smaller day after day, right now seems slightly bullish in 4 hours charts after this candle opening above the 20 SMA (that’s also turning to the upside) and with momentum crossing downside up the 100 line. Quoting around 1.2950, the pair will find resistance to the upside around 1.2990, and above it, the zone between 1.3030/45 where we have a nice descendant trend line; a clear open above it, wil give some bullish momentum to the pair, with next resistances again at the zone @ 1.3080 and finally 1.3124. Regarding supports, under 1,2920 we have 1.2875, 1.2836, the zone @ 1.2800 and finally 1.2770 area, key support and also an ascendant trend line.
http://blogs.fxstreet.com/advisor/files/2009/02/eru-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 11, 2009 at 10:21 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral
Gbp/Usd: Bearish
Usd/Chf: Slightly Bearish
Usd/Jpy: Slightly Bearish
Eur/Gbp: Bullish
Tags: Majors, Trend
Starting the day
Posted on February 11, 2009 at 10:18 in Starting the day by Valeria Bednarik1 Comment »
Hi everybody, hope you are fine. As posted late yesterday, confidence in the U.S stimulus plan fades and market remains quite unstable, as investors are clearly reluctant to take longer term positions yet: despite the wide movements we are seeing all across the board, the fact is that majors remain trap in certain ranges and we should need clearer breaks to finally see some trends in charge. Dollar anyway has been benefited by this uncertain times, and remains pushing higher: let’s see from a technical perspective what the day brings; here is the link to today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
« Newer posts – Older posts »
Posted on February 10, 2009 at 11:57 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair is gaining some upside strength after quickly rebound @ 1.2800, and remains close to today’s first strong resistance level: 1.2983, 61.8% of the last 4 hours downside rally: if the pair manages to break above ( indicators are supporting the view, yet not confirming yet) 1.3030 will be our next resistance to consider followed by the 1.3080 zone and above it, 13124. Supports from actual price will be at 1.2935/45 zone, 1.2910, 1.2862 and finally today’s low at 1.2810.
http://blogs.fxstreet.com/advisor/files/2009/02/er-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 10, 2009 at 10:36 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Slightly Bearish
Gbp/Usd: Bearish
Usd/Chf:Neutral
Usd/Jpy: Neutral
Eur/Gbp: Neutral to Bearish
Tags: Majors, Trend
Starting the day
Posted on February 10, 2009 at 10:32 in Starting the day by Valeria BednarikNo Comments »
Hello my friends, hope you are fine! I had stay late last night, watching CNN and Barak Obama’s speech, and market reaction: let me tell you what I see, uncertain times are only beginning. Fears are here to stay, and investors will take time to decide longer time trades in majors: dollar could get additional benefit as safe haven considering that there is a general idea that the bail out plan won’t be enough and the global economy will continue deteriorating. After the Asian storm, majors are correcting some of the “Obama’s rally”, but it worth to take a look at Japanese Yen: the currency seems unable to recoup past months strengh, and against greenback, is again pointing to further upside movements. Here is the link for today’s calendar, be right back!
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Gbp/Usd continuing
Posted on February 9, 2009 at 13:54 in Uncategorized by Valeria BednarikNo Comments »
For those in the webinar, the pair rebounded exactly in the mentioned key upside level, between 1.4970/80 where we have a tough resistance zone from actual price, followed by the very close 1.5010 zone and above it, 1.5060/66, roof of the ascendant channel you can see in the following chart. Regarding supports, we could consider 1.4928, the zone around 1.4885, 1.4830 zone and finally 1.4775.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp4-300x225.gif
Live webinar
Posted on February 9, 2009 at 11:38 in Technical Education by Valeria BednarikNo Comments »
I will be holding a live webinar about different ways of setting supports and resistances in about 30 minutes; here’s the link:
http://www.fxstreet.com/live/sessions/session.aspx?id=584d3092-f1e8-4495-ac00-26fdca68700e
See you there! be back after it, with more technicals for today.
Tags: Support and Resistance, Webinar
Majors’s sentiment for today
Posted on February 9, 2009 at 11:25 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Slightly Bearish
Gbp/Usd: Bullish
Usd/Chf: Slightly Bullish
Usd/Jpy: Bullish
Eur/Gbp: Neutral to Bearish
Tags: Majors, Trend
Eur/Usd for today
Posted on February 9, 2009 at 11:11 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair remains attached to the descendant daily trend line we have been seing these last days: despite starting the day above it, 4 hours indicators seem some exhaustion to the upside, and the pair needs to move above today’s high to confirm more upside movements, quite unlikely at this moment. From actual price, 1.2958 will be the first resistance to consider, followed by 1.2990 zone and a break above will find next points at 1.3030 and from there, 1.3070/80 will be the maximum probable zone for today. Regarding supports only under 1.2920 the pair could run to the downside, with next supports at 1.2861, and from there, 1.2810.
http://blogs.fxstreet.com/advisor/files/2009/02/eur3-300x225.gif
Tags: eurusd
Starting the day
Posted on February 9, 2009 at 10:20 in Starting the day by Valeria BednarikNo Comments »
Hi everybody, welcome back. Market continues subdue to fears, and last Friday’s run was not enough to harm greenback: with stocks falling in Europe, and oil fighting the 40 dollars a barrel level, dollar seems quite comfortable today against it’s rivals. Gpb could be an exception, that remains pushing higher but as long as I can see, still we are seeing just an upside correction, as there is no concrete sign of any upturn in the U.K. economy, but a small bounce in Halifax house prices. Japanese yen is changing the longer term bias, and seems ready to initiate the so long awaited upside run. Let’s see from the technicals, what to expect for all of them. Here is the link to today’s calendar pretty empty so, great day for technical pure trading:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
« Newer posts – Older posts »
Posted on February 6, 2009 at 15:07 in Uncategorized by Valeria BednarikNo Comments »
Despite the good run we are seeing in stocks, the pair remains contained in what seems to be the roof of an hourly flag: above the 91.82 zone, the pair could gain some momentum with next resistances at 92.23 yesterday’s max, and above it, the zone around 92.50. Supports from here will be at 91.38 and the 91.00 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/yen1-300x225.gif
BoE and ECB Live Coverage
Posted on February 6, 2009 at 13:43 in Live Webinars by adminNo Comments »
BoE and ECB Interest Rates Decision Live Coverage with Valeria Bednarik
Non Farm Payrolls Numbers
Posted on February 6, 2009 at 13:35 in Short-Term Analysis, Uncategorized by Valeria BednarikNo Comments »
Here we are! The number of jobs lost previous month reached- 598K while the unemployment rate rose to 7.6%. Also, previous number revision rose to -577K. so we are seeing three very bad numbers. If next 15 minutes candles majors handle to break above or under actual one maximum or minimum, we have the first direction clue for next hours.
Tags: News
Gbp/Usd for today
Posted on February 6, 2009 at 12:59 in Short-Term Analysis by Valeria BednarikNo Comments »
Quoting Around 1.4650, the pair remains bullish, yet with the downside well contained by the 1.4600 level. Only under that level the pair could change the bullish potential, with next supports at 1.4532 zone, followed by 1.4490 and finally the zone around 1.4440 strong support and base of the ascendant channel. Regarding resistances, 1.4700 will be the first zone to consider, followed by 1.4767 (today’s high) and above 1.4830/60 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp3-300x225.gif
Tags: gbpusd
Usd/Chf broken triangle
Posted on February 6, 2009 at 11:19 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair has broken the triangle we have been following and from a technical perspective, remains ready to continue up (also helped by the rising gold price) although 4 hours indicators are showing some exhaustion to the upside. Anyway, today’s max around 1.1740 will be the first resistance to consider, followed by the zone around 1.1800, followed by 1.1828 and finally 1.2878. Regarding supports, under 1.1690 we have 1.1657(pullback to the broken descendant trend line) followed by 1.1605 and finally 1.1530 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/chf2-300x225.gif
Tags: Usd/Chf
Eur/Usd Technical perspective
Posted on February 6, 2009 at 10:25 in Short-Term Analysis by Valeria Bednarik2 Comments »
The pair remains bearish, still inside the descendant long channel from Dec 18th; Indicators remain pointing to the downside, but I would like to see the 20 SMA (red in the chart) not that flat and more trendy: this flat suggest some exhaustion to the downside at the moment. The pair is stuck to the 1.2800 level, and ahead of payroll’s support levels to consider will be the zone between 1.2745/60, followed by 1.2700; once this zone is clear, the pair could easily continue to 1.2658 and then 1.2610. Resistances today will be at 1.2847, followed by 1.2900/10 zone, 1.2940 (the roof of the channel) followed by 1.3000 and 1.3030: if this last is cleared, and we have a daily close above it, the pair can turn bullish for next week.
http://blogs.fxstreet.com/advisor/files/2009/02/eur2-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 6, 2009 at 9:58 in Sentiment by Valeria Bednarik3 Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Bullish
Usd/Chf: Slightly Bullish
Usd/Jpy: Bullish
Eur/Gbp: Bearish
Tags: Majors, Trend
Starting the day
Posted on February 6, 2009 at 9:56 in Starting the day, Uncategorized by Valeria BednarikNo Comments »
Hello everybody, welcome to Friday! With pauses in the middle, I spend around 16 hours per day around forex market, and by this time of the year (remember I live in the other side of the world) I can really use some vacations with a bit more sleep, at least for a week! Anyway, after yesterday´s rate decisions in Europe and England, theEuropeans behave as expected: Gbp rose to the 1.4700 level where we saw a nice rebound but the strength of the currency remains intact, after a good rebound in Asian stocks suggesting a bullish breakout continuation; Euro remains under strong selling pressure, fighting around the 1.2800 level, and bad economic data that keeps on worsening: yesterday’s German factory orders are a good example of that. Meanwhile Swiss Franc breaks above the 1.1700 level, confirming the break of the triangle we were seeing these days.Finally,Japanese Yen was the star of the day, falling quickly against Euro and Dollar, clearing tough resistances zones without even notice. The bias there, remain bullish. The question here, is if all this will remain valid after U.S. job report: today, Non Farm Payrolls will be the center of the atention, as we are expecting jobs to continue debilitating signaling more recession to come: recent layoff announcements from nearly every sector of the economy indicate that job losses will continue, and probably last month 524 k losses was not the floor, but we are close.
Today we have a forecast of -530K against previous month -524K, and an unemployment rate of 7.5% against a previous 7.2% (also and referring to numbers, the revision of previous month will be a market moving factor); in one line we are expecting worse readings, yet how will market react? Lately, worst readings than expected are favouring greenback as they increase the risk aversion, and investor quickly run to refugee in dollar and yen; a better reading than expected, is triggering “happy days” optimism, sending stocks higher and dollar down, so don’t get too surprise if majors run the opposite way you are expecting!
Remember we also have Canada NFPbefore the U.S. one,and usually is a good thermometer of what to expect, as both country reports have good chances of coming out on line. Usually is not always, yet we can get some clues there. Here’s the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great trading day!
Tags: Majors, News
Euro, Gbp, and Eur/Gbp
Posted on February 5, 2009 at 15:46 in Short-Term Analysis by Valeria BednarikNo Comments »
the world continues moving after the rates, and as we talked there, Euro remains under selling pressure while Gbp is holding well above the 1.4600 level. That pushed Eur/Gbp under the key Fibo level we have been following lately, the zone around 0.8800. If the pair close around here, well the bearish perspective will gain some major points in this pair. In shorter term time frames, the pair looks a bit oversold, so expect some bullish corrections after a final break under 0,8730 strong support zone.
http://blogs.fxstreet.com/advisor/files/2009/02/eugb-300x225.gif
Tags: dollar, Euro, gbp
Rate decisions live coverage
Posted on February 5, 2009 at 11:24 in News by Valeria BednarikNo Comments »
As usual lately, I will be covering both rate decision live! at Fxstreet.com home page.
See you there!
Tags: News, rates
« Newer posts – Older posts »
Tags: eurusdUsd/Chf continuation triange?
Posted on February 4, 2009 at 14:25 in Uncategorized by Valeria BednarikNo Comments »
The Swiss Franc is moving in a wide range, but see here a probable continuation triangle formation. The pair is no doubts, having a hard time to the upside, so this could be more a couple of days perspective: quoting right now around 1.1570, we have the 1.1400 zone as a base and 1.1670 as a roof above, and should break either of them (better the upside of course, to confirm the figure) in a maximum of 3 days counting from now. A candleopening above the descendant trend line, and confirming also above that weekly max we have at 1.1714 we will have bullishtriggers there and a bullish longer term perspective. On the other hand if breaks under the base, well we will have to discard the figure.
http://blogs.fxstreet.com/advisor/files/2009/02/chf1-300x225.gif
What’s going on with Euro?
Posted on February 4, 2009 at 12:57 in News, Short-Term Analysis by Valeria BednarikNo Comments »
The pair is falling apart quickly, and the selling pressure seems not over there: as I told you, at least what I can see is that Euro is becoming less and less attractive because of the policy intransigence ECB is showing latelywithout facing as a fact the recession problem; at this time, European stocks are fighting to remain barely positive, and this is helping the downside movement in here, as risk aversion increases. From a technical perspective, the pair needs some upside correction in smaller time frames, yet it the 1.2800 level gives up, we could see more bearish momentum there. Remember we have the U.S. ADP in a few minutes, and that could add some “noise” to market movements, yet just temporarily. I will try to add updates for the pair news. Stay tuned!
Tags: eurusd
Gbp/Usd technical points for today
Posted on February 4, 2009 at 12:33 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair last upside rally continues loosing steam: the 4 hours ascendant channel we can see here, is “against” the head and shoulder figure mentioned yesterday, yet still valid and developing. The 20 SMA remains slightly bullish, while indicators turn to flat and give no good clues. If the small descendant trend line, holds, (around .14465) the pair could regain the downside, with supports in 1.4330/35 zone, followed by 1.4290 zone and finally 1.4240 base of the channel: a break under, could send the pair first to 1.4190 and finally the zone around 1.4153. Resistance from here, will be at 1.4410, 1.4465 and above 1.4540 zone where we have the 2000 EMA and previous maximums.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp2-300x225.gif
Tags: gbpusd
Eur/Usd 4 hours charts
Posted on February 4, 2009 at 11:15 in Short-Term Analysis by Valeria BednarikNo Comments »
Take a look at this chart: the pair has reached almost the roof of the big descendant channel we have been seeing lately, and from there quickly come back. Fighting to break under 1.2900, indicators are pointing to the downside, yet the pair will have to clearly break the 20 SMA (red in charts) around 1.2860 top continue in that direction: from there supports will be at 1.2820, 1.2765, and finally the zone @ 1.2710. Resistances from actual price will be at 1.2932, the zone around 1.2980/90 and finally 1.3030, roof of the mentioned channel.
http://blogs.fxstreet.com/advisor/files/2009/02/eur1-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on February 4, 2009 at 10:39 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Slightly Bullish
Gbp/Usd: Neutral
Usd/Chf: Bullish
Usd/Jpy: Neutral
Eur/Gbp: Neutral to Slightly Bullish
Tags: Majors trend
Starting the day
Posted on February 4, 2009 at 10:33 in Starting the day by Valeria BednarikNo Comments »
Good morning everyone, welcome back! Something we cannot complain about, is volatility in this risk controlled market. Greenback fell across the board yesterday, still just a correction that lost strength during Asian session, with no signs of a greenback trend change at sight; we know things are more orless the same across the world, with recession and employment growing, rate cuts and low production, and in general bad macroeconomic perspectives both sides of the Atlantic. Japanese yen isthe overall winner, that despite beeing trap in a range zone remains comfortable around the 89.00 level. Today we have the ADP, the private survey ahead of the Non Farm Payrolls in the U.S. to be released on Friday, and don’t forget tomorrow’s rate decision: that will keep market choppy yet in wide ranges. Here is the calendar link:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
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Tags: dollar, News
Gbp/Usd intraday levels
Posted on February 3, 2009 at 13:46 in Short-Term Analysis by Valeria BednarikNo Comments »
I’m in slow motion like market today, seems I’m too attached to it http://blogs.fxstreet.com/advisor/wp-includes/images/smilies/icon_smile.gif Anyway, GBP! The pair has seems to find a roof and in this 4 hours charts, we could see a figure underway: a head and shoulder’s formation (second shoulder at this time) with a neck at the 1.4050/60 level. That could be consider and inflexion point to the downside, while the head’s maximum (coincident with the 200 EMA) at 1.4550 could play the same roll to the upside. At the moment the pair is quite sideways, with flat indicators, flat 20 SMA in 4 hours charts, suggesting very little in fact, but pointing to the downside for me: each candle brings a new relative minimum and that’s the most I can read right now. Consider 1.4140 to be the first important support from here, followed by the zone @ 1.4090 and then the mentioned neck zone 1.4050/60. A confirmation under, could trigger more bearish in the pair, first to 1.4000 and finally to 1.3936 zone. Regarding resistances, above 1.4265 we have 1.4286, 1.4341, and 1.4405.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp1-300x225.gif
Tags: gbpusd
Usd/Jpy where can it go
Posted on February 3, 2009 at 12:18 in Long-Term Analysis, Short-Term Analysis by Valeria BednarikNo Comments »
Seasonally movements in forex market are not a new; and February is Japanese Yen time: March is the end of the fiscal year in Japan, and we usually can see the currency appreciate during this months, as exporters buy it to hedge revenue and money managers bring funds home. Add to this, that Japanese Yen is also considered a safe haven, and in risky times traders tend to reduce the carry trades, and we have a whole picture: the pair is under the 90.00 key level quite comfortable, has a base at 87.00 yet seems a bit reluctant to fall there again. Could it do it? well, the pair is trapped in range, yet under 88.50 chances for a retest of the lows, is likely. Under it, next probable longer term target could be the zone around 84.00, but will Japan hold to a so much appreciated currency? We know they won’t andintervention will be again the key; I expect the currency to remain contained in range and tending lower this month, loosing slowly steam. Not yet time to take long term bullish positions, but time to sell the pair is “over” if you can see what I mean.
Regarding today, the pair is quoting @ 89.50 and supports will be 89.20, followed by the zone around 88.80. and finally the 88.20/40 zone. Regarding resistances, only a clear break above 90.00 could trigger some bullish rally to 90.30 and finally the zone @ 90.80.
Tags: usdjpy
Majors’s sentiment for today
Posted on February 3, 2009 at 10:14 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Sligthy Bearish
Gbp/Usd: Bearish
Usd/Chf: Bullish
Usd/Jpy: Neutral
Eur/Gbp: Neutral
Tags: Majors trend
Starting the day
Posted on February 3, 2009 at 10:10 in Starting the day by Valeria BednarikNo Comments »
Hi everyone, hope you are fine!. General market overview, remains more or less the same, with currencies in range, but with dollar pushing higher: majors seem set to fall in the next hours, as they remain close to key levels to the downside. Euro is suffering the ECB policy intransigence that refuse to recognize the real situation, while bad data keeps coming, while along with Gbp are waiting for this week rate decisions. Risk aversion, fears about continuing concerns about world economy in general don’t make trading or investment decisions easier. I would let Japanese yen out of this general, and made a more complete fundamental and technical post later today. Check today’s calendar (we have a house report in the U.S. probably the most important for today) while I begin with technicals.
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great trading day!
Tags: Majors, News
Challenges in forex market Do you dare?
Posted on February 2, 2009 at 14:39 in Long-Term Analysis by Valeria BednarikNo Comments »
There are many challenges that we should face on daily basis here on forex trading. However, my dear friend and college blogger Tim Salem or CVJ for the old followers of Fxstreet.com, reminds me with this I’m linking, one of the basic exercise we need to do here in currency markets: take a look at naked charts, no trend lines, no fibos, no indicators… and SEE and READ. Do you dare to do it? I will!
http://blogs.fxstreet.com/fxtoday/2009/01/29/a-currency-round-up-party-for-january-2009bring-presents/
It will be an interesting exercisefor us all: don’t wait for others answers and conclusions: take your own!
Tags: Majors, Naked charts, Trend
Usd/Chf technical perspective
Posted on February 2, 2009 at 13:16 in Short-Term Analysis by Valeria BednarikNo Comments »
Swiss Franc against Dollar don’t seem the most clear pair for me today, yet I see some bullish pressure there: above 1.1685, today’s maximum, the pair has a very close resistance at 1.1715 zone, where we have a week maximum and the roof of the ascendant channel the pair is in; above it we have 1.1768, and if the pair manages to confirm above it, expect more bullish pressure for the rest of the week. Regarding supports, we have 1.1630, 1.1593 and finally the zone around 1.1540, where we find the base of the ascendant channel.
http://blogs.fxstreet.com/advisor/files/2009/02/chf-300x225.gif
Tags: Usd/Chf
Triangles in the Usd/Jpy
Posted on February 2, 2009 at 12:10 in Short-Term Analysis by Valeria BednarikNo Comments »
Take a look at the next 4 hours charts: the pair has break to the downside a 4 hours triangle, usually understood as a continuation figure: could the pair return to the 87.00 level? seems likely, as the 90.00 gave away really quickly and failure to trigger an upside rally. Quoting @ 89.00, the pair has a first support at 88.80, followed by the zone between 88.20/40. A clear break under, not really seen right now, could take the pair first to 87.90, followed by the zone87.50 and finally 87.10. Regarding resistances, we have 89.50, pullback to the broken line, and above it, 89.90/90.10 zone, 90.30 followed finally by 90.80 zone.
http://blogs.fxstreet.com/advisor/files/2009/02/yen-300x225.gif
In 30 minutes time frame, we have also a bearish continuation pattern: a small inverted flag: let’s see it the pair manages to move under it as it has just tested the roof of it: remember that if moves above the descendant trend line. we should discard this small figure.
http://blogs.fxstreet.com/advisor/files/2009/02/yen2-300x225.gif
Tags: usdjpy
Gbp/Usd for today
Posted on February 2, 2009 at 11:40 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp/Usd has broke an ascendant trend line and remains bearish in 4 hours charts, still and despite the 20 SMA has lost it bullish steam, I would like it to see it pointing down to suggest more bearish in the pair, and the same goes for momentum indicator, that remains pretty flat at this time. Anyway, under 1.4184, I see a more tough support at 1.4141 followed by the zone @ 1.4100, 1.4055 and finally the 1.4000 zone. Regarding resistances, above 1.4250 the pair could regain the 1.4290/1.4310 zone, followed by 1.4340, and from there close to 1.4400.
http://blogs.fxstreet.com/advisor/files/2009/02/gbp-300x225.gif
Tags: gbpusd
Eur/Usd 4 hours clues
Posted on February 2, 2009 at 10:39 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair remains bearish despite indicators are showing some exhaustion in 4 hours charts: momentum is turning a bit to the upside, while RSI shows the pair is quite oversold; however the pair is close to the daily minimum, and seems ready to continue: under 1.2706, we have supports at 1.2681, followed by an interesting congestion zone between 1.2625/30: if the pair reach it in the next couple of hours, could be a good zone to consider an upside rebound. From actual price, above 1.2745 we have 1.2790, 1.2825 (we have a gap there also) and above it, 1.2865.
http://blogs.fxstreet.com/advisor/files/2009/02/eur-300x225.gif
Tags: Eur7Usd
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Posted on January 30, 2009 at 13:21 in Short-Term Analysis by Valeria BednarikNo Comments »
The attempt to break above the 90.00 zone is loosing steam, and the pair is again pushing slowly to the downside:take a look at this 1 hour chart and the descendant channel the pair is moving in: with 89.50 as a first support zone, a break under could take the pair to 89.10, followed by a congestion zone around 88.70. Resistances from actual price will be again,the 89.90/90.00 zone, followed by 90.35, and then 90.80. Above this last, expect more bullish to come.
http://blogs.fxstreet.com/advisor/files/2009/01/yen9-300x225.gif
Tags: usdjpy
Eur/Usd key level close
Posted on January 30, 2009 at 12:32 in Short-Term Analysis by Valeria BednarikNo Comments »
Lot’s of bearish pressure here, if the pair manages to break under the 1.2800 level, get ready for more selling pressure: first support will be the zone around 1.2764/80, and if that gives up, the pair could quickly win momentum to 1.2710 and finally, 1.2648. Only above 1.2878 the pair could move up with some strength, with next resistances at 1.2945, 1.2980 zone and finally 1.3030.
http://blogs.fxstreet.com/advisor/files/2009/01/eu5-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on January 30, 2009 at 10:48 in Sentiment, Short-Term Analysis by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Slightly Bullish
Usd/Chf: Slighthy Bullish
Usd/Jpy: Bearish
Eur/Gbp: Bearish
Tags: Majors trend
Starting the day
Posted on January 30, 2009 at 10:43 in Short-Term Analysis by Valeria BednarikNo Comments »
Hi everyone, welcome back! Ok, the day is just starting, so to call a January end of month could be a little too early, but looking charts my friends, bigger ones I mean, the theory of “the less weak- winning battle” is still valid, and will be around us for some more time (and probably a long one), but remember! a battle is not the war! For the past months we have been seeing many battles across the board, and till now, Dollar and Japanese Yen remain the strongest; but don’t get too confident: Gbp is giving them a hell of a fight, and preparing to continue in that tone. Japanese Yen is looking tired, but may have still one more ace up the sleeve. Swissy is not telling me much, but that it’s positioning for a big big jump still not clear when and if able to. Our poor friend the Euro, seems positioned to continue suffering the “we-are-doing-fine” Trichet’s curse. Anyway! too much talking done! Let’s see what technicals have to offer today, maybe try shorter post and more pairs, let’s see if I have the time; check today’s calendar ( we have some good stuff in the U.S. today) while I look charts:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: eurusd
Gbp/Usd technical perspective
Posted on January 29, 2009 at 13:51 in Short-Term Analysis by Valeria BednarikNo Comments »
This pair remain bullish in 4 hours charts, yet take a look: recent high of 1.4330 has completed a pullback to an ascendant 4 hours trend line. With indicators still pointing to the upside, Above 1.4350/70 the pair will regain bullish strength, with next resistances at 1.4410, 1.4465 and finally the zone close to 1.4490/4520. Only under 1.4280 the pair can loose more steam and test supports at 1.4240, 1.4200 1.4153 and finally 1.4100 zone.
http://blogs.fxstreet.com/advisor/files/2009/01/gbp9-300x225.gif
Tags: gbpusd
Eur/Usd for today
Posted on January 29, 2009 at 11:55 in Short-Term Analysis by Valeria BednarikNo Comments »
Following our 4 hours charts, the pair break under the 1.3120 neck level mentioned yesterday, and quickly run to the downside, reaching a 1.3030 low, from where the pair has rebounded nicely. Right now, the pair is fighting the 1.3120 resistance level, and if remains under could mean the pullback to the figure neck, so as long as the pair remains under here we could see some bearish continuation, with first support at 1.3090 zone, followed by 1.3058 and 1.3030 today’s minimun. A break under it, could send the pair first to 1.3006 and then 1.2966. A confirmation above this 1.3120/30 will send the pair first to 1.3148, 1.3180 and 1.3220.
http://blogs.fxstreet.com/advisor/files/2009/01/eu4-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on January 29, 2009 at 10:12 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Slightly Bullish
Usd/Chf: Bullish
Usd/Jpy: Slightly Bullish
Eur/Gbp: Bearish
Tags: Majors trend
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Tags: Majors, News
Usd/Chf failure to break up
Posted on January 28, 2009 at 16:28 in Long-Term Analysis, Short-Term Analysis by Valeria Bednarik1 Comment »
Swiss Franc, the weaker of the Europeans at the moment, has been unable to clearly break under the 1.1400 zone, and remains in a sort of ascendant channel in 4 hours charts, and the fact is that the inclination is not really worthy, as it should be more bullish. Anyway seems like and inverted flag so a break under the base, 1.1330 zone, should trigger some bearish momentum in the pair, with next important support close to 1.1240. A confirmation above the upside band, that tested a few minutes ago, the zone above 1.1440/50, should deny the figure and send the pair to 1.1520, our old 61.8% weekly charts Fibonacci zone.
http://blogs.fxstreet.com/advisor/files/2009/01/chf6-300x225.gif
Tags: Usd/Chf
Usd/Jpy probable breaking points
Posted on January 28, 2009 at 13:38 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair continues telling nothing to me, moving in ranges, yet holding under the 90.00 key level. Quoting above the 4 hs 20 SMA, and turning it to the upside (still no confirmations here) above the 89.60 zone could move to 89.90/90.00 zone, where we have a daily descendant trend line. Let’s see if the pair manages to break above and confirm, triggering some more bullish rally there. On the other hand, under 89.10 the pair could retest the 88.80 zone, where we have an ascendant trend line and several candle minimums, so could probably give a nice short term rebound. If breaks under, next supports will be at 88.40, 88.05 and 87.55.
http://blogs.fxstreet.com/advisor/files/2009/01/jpu-300x181.gif
Tags: usdjpy
Gbp/Usd follow up
Posted on January 28, 2009 at 12:07 in Short-Term Analysis by Valeria BednarikNo Comments »
Gbp continues pushing higher, ready to break the daily maximum. as the pair remains above the 1.4300. If passes 1.4330, next target will be the 61.8% retracement of this week Fibo, @ 1.4366, followed by the zone 1.4395, and a more tough resistance at 1.4445/60 zone. Regarding supports, consider 1.4280, 1.4240 zone, 1.4205, and finally the zone between 1.4120/35.
Tags: gbpusd
Happy birthday my friend!
Posted on January 28, 2009 at 11:09 in Uncategorized by Valeria Bednarik2 Comments »
A year ago, an Argentinean colegue trader, that hardly speaks English, told me that there was a vacancy on Fxstreet.com blogs. He told me to do it, he support me, he said: “you can do it!”. In fact he was the one that push me here (for your joy or hate http://blogs.fxstreet.com/advisor/wp-includes/images/smilies/icon_wink.gif ) so thank or blame him whatever you feel about this blog.
Leaving jokes a side, he has been a good friend, a trading partner and a huge support in my beginnings. Life is worthless without the support of the ones we love. Today is his birthday, so for you, PARA VOS FABRICIO have a great and happy birthday!.
Tags: personal stuff
Eur/Usd short term
Posted on January 28, 2009 at 11:02 in Short-Term Analysis by Valeria BednarikNo Comments »
The Euro rebounded again in the 200 EMA, and seems to me that, although bullish pressure is still there in the short term, the movement is loosing steam: the last couple of days the pair move in a 200 pips range, and any break of the extremes will probably mean a good number of pips each side. From actual price, consider a first resistance @ 1.3275, followed by the mentioned EMA and today’s high at 1.3115; a 4 hours candle openning above it, could send the pair to the zone @ 1.3370 where we have the roof of the inverted triangle, probable maximum for today. Regarding supports, under 1.3225 we have 1.3200 zone, followed by 1.3145 and 1.3115. Under this last, the pair could confirm a small double roof formation, of @ 200 pips, and from there trigger some bearish momentum, first to 1.3061 and more likely close to 1.3020/30.
http://blogs.fxstreet.com/advisor/files/2009/01/eur10-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on January 28, 2009 at 10:06 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bullish
Gbp/Usd: Bullish
Usd/Chf: Neutral
Usd/Jpy: Neutral
Eur/Gbp: Bearish
Tags: Majors trend
Starting the day
Posted on January 28, 2009 at 9:55 in Starting the day by Valeria BednarikNo Comments »
Hi everyone, how are you? Welcome to a new day in forex market.Nothing really new under the sun, except that Euro and Gbp have made a new high during Asian session, and are slowly continuing to the upside, suggesting more selling pressure for greenback on the FOMC’s day. Indeed, American monetary future policy will be decided today, and next steps out of crisis, so, maybe will worth pay extra attention to what they say, and try to read in between lines.
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors, News
Usd/Jpy intraday perspective
Posted on January 27, 2009 at 13:51 in Uncategorized by Valeria BednarikNo Comments »
The descendant trend line we have been seeing these days is broken but because of lateralization, meaning is not something to keep on watching. I left it in the charts anyway, just to show and share it with you. Anyway, the pair is slowly tending to the upside, guided by an ascendant channel you can also see in this chart. the pair remains above the 20 SMA and is turning it to the upside, but as yesterday, only above 90.30 we can see the pair a bit more bullish: actual sideways levels anyway, are not telling that much of a bearish continuation. Resistances like yesterday, will be at the 89.50 zone, followed by 90.00 and 90.30. Supports from here, will be at 88.90, 88.53/61, and then the 88.20 zone.
http://blogs.fxstreet.com/advisor/files/2009/01/yen8-300x225.gif
Eur/Usd in the short term
Posted on January 27, 2009 at 13:30 in Short-Term Analysis by Valeria BednarikNo Comments »
Eur/Usd has reached in today’s high, two key points you can see in this 4 hours charts: the 200 EMA ( I told you many times is a good dynamic resistance/support for the pair) and the roof of a non conventional figure, an inverted triangle that usually is consider a trend change figure, although is not the most reliable one, at least for me. Right now, the pair is almost flat around 1.3175, and tending to today’s low @ 1.3140. Under that zone, next supports to consider will be 1.3090 zone, followed by 1.3050, and finally 1.3010. Regarding resistances, above 1,3215 the pair could retry to gain the 1.3260 zone, 1,3288 and finally 1.3330.
http://blogs.fxstreet.com/advisor/files/2009/01/eur8-300x225.gif
Tags: eurusd
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Posted on January 27, 2009 at 11:42 in Long-Term Analysis, Short-Term Analysis, Uncategorized by Valeria BednarikNo Comments »
Gbp upside rally continues slow but firm, and the pair is right now a bit exhausted to the upside. Quoting around 1.4130, you can see the pair fighting the 50% of this week max/min Fibonacci retracement and loosing steam, as indicators begin to turn to flat. From actual price, above 1.4186 we could see the pair back to 1.4240, and above there, approaching to 1.4310 first and finally 1.4368, 61.8% of the Fibo. First support will be at 1.4120 and under there, we have the 1.4040/60 zone, that probe to be tough to the upside. A clear break under should deny any bullish continuation and send the pair back to 1.3980 zone first, and then to 1.3920
http://blogs.fxstreet.com/advisor/files/2009/01/gbp8-300x225.gif
i call the zone 1.4060 as a kel level, to the upside, as if you turn to daily charts, you will see not only a 38.2% Fibo level there, but also, a good number of daily maximums and minimums: that’s make this level a good resistance/support zone, and as tough it is, as longer be the rally once is broken.
Tags: gbpusd
Majors’s sentiment for today
Posted on January 27, 2009 at 10:29 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bullish
Gbp/Usd: Bullish
Usd/Chf: Neutral
Usd/Jpy: Bearish
Eur/Gbp: Bearish
Tags: Majors, Trend
Starting the day
Posted on January 27, 2009 at 10:22 in Starting the day by Valeria BednarikNo Comments »
Hi everybody, welcome back! Short term dollar has turn vulnerable after some good recovery in stocks is pushing away fears, and ahead of tomorrow Fed’s meeting: the slowdown continues in the U.S. and there are no more rates to cut, so quantitative easing (more money injections) is now on the table: and further monetary easing is making dollar less attractive, and Euro and Gbp continued gaining ground overnight. Japanese yen is playing another game, and remains strong enough and well contained under the 90.00 level. Is this meaning Euro and Gbp will regain past year strength and return to high levels? not really for me: the global recession is deepening, and sentiment is more volatile than market lately. If you attempt to place longer term trades favoring one or other currency, try to use low leverage, and secure your winnings moving your stops. Anyway, we have today a busy fundamental day, so check the calendar, while I quickly start with charts:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors
Gbp/Usd for today
Posted on January 26, 2009 at 12:25 in Short-Term Analysis by Valeria Bednarik4 Comments »
Nice recovery of the Gbp during the European session, last 4 hours candle is turning the pair bullish for the rest of the day: the 20 SMA is now below actual price, acting as the primary support for the pair @ 1.3785, above recent maximum at 1.3880, the pair could continue first, to 1.3920, followed by the more tough 1.3950 zone, and then 1.4000/10. Only a break above 1.4060 will turn the pair bullish for the rest of the week. Supports, under the mentioned 1.3785 will be at 1.3750, 1.3710 and finally 1.3610/20 zone.
Tags: gbpusd
Usd/Jpy in the short term
Posted on January 26, 2009 at 11:58 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair is fighting a daily descendant trend line, that has been holding the upside: the 89.50 zone should give enough resistance in the short term, and supports will be 89.10, the zone @ 88.60 and finally 88.20. A 4 hours candle opening above the congestion zone between 89.45/89.60, could send the pair to retest the key 90.00 zone. Above it, we have 90.30, and hard to see a break up today.
http://blogs.fxstreet.com/advisor/files/2009/01/jpy1-300x225.gif
Tags: usdjpy
Eur/Usd for today
Posted on January 26, 2009 at 11:31 in Uncategorized by Valeria BednarikNo Comments »
Quoting around 1.2950, no clear signals here, yet the over view remains bearish for this pair: flat indicators suggest some consolidation in this zone, before more certain moves: under 1.2929 the pair will try to regain bearish momentum, with next supports at 1.2894, the zone @ 1.2860, and finally 1.2820. Above the daily descendant trend line, right now at 1.2990, we could see some recovery, first to 1.3030 and finally to the zone around 1.3080.
http://blogs.fxstreet.com/advisor/files/2009/01/eu3-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on January 26, 2009 at 9:58 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Bearish
Gbp/Usd: Neutral
Usd/Chf: Bullish
Usd/Jpy: Bearish
Eur/Gbp: Slightly Bearish
Tags: Majors trend
Starting the day
Posted on January 26, 2009 at 9:54 in Starting the day, Uncategorized by Valeria BednarikNo Comments »
Hi everyone, hope you enjoy weekend and be ready to start another working week! Market status has not change since last Friday, and despite majors decide to take some air as we expect, by the end of the American session, Asia opening last night shown larger corrections have to wait still. At the moment we are having quite a light European session and a lazy Monday; expect this calm to be broken on the American session with the publication of Existing Home Sales, expected to sank to record low in December. But don’t expect longer term definitions today, no trend changes: players are far from seeing any light. Check today’s calendar while I begin with the technical perspective:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great trading day!
Tags: Majors
Usd/Jpy for today
Posted on January 23, 2009 at 13:48 in Short-Term Analysis by Valeria BednarikNo Comments »
Back from webinar, trading and blogging, market continues in just one direction, yet Japanese yen is “contained”: rumours of intervention are stronger day by day, so the pair is a bit reluctant to continue (in one hour American stocks would probably put more action in this pair), but the bearish view is still strong: quoting around 88.60, the strong support to the downside is the zone @ 87.95 that once broken, will send the pair first to 87.48 and finally 87.10. If clear, 88.63 will be next support to consider. Regarding resistances, above 89.10 is possible to see some bullish reactions to the zone @ 89.60 the daily descendant trend line, and above it, 90.00 will be the level to consider. Remember only above 90.30 there are more clear bullish chances.
http://blogs.fxstreet.com/advisor/files/2009/01/yen7-300x225.gif
Tags: usdjpy
Eur/Usd levels to watch
Posted on January 23, 2009 at 11:35 in Short-Term Analysis by Valeria BednarikNo Comments »
Supports today will be at 1.2764, 1.2731, 1.2692, and 1.2645
Resistances today will be at 1.2810, 1.2859, 1.2910, and 1.2971, a daily descendant trend line. If broken and confirmed, correction will begin.
Run to the webinar back in one hour to watch Japanese yen and other currencies!
Tags: eurusd
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Posted on January 22, 2009 at 16:02 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair remains trapped above the key 1.1520 level, yet unable to break above 1.1580. I can see a short term descendant trend line that’s keeping the pair contained, unable to run higher. Also 4 hours and daily indicatorssuggest the pair is a bit exhausted to continue, and maybe is ready for some downside correction:take a look at this 1 hour chart: around 1.1510 we have a large ascedant trend line, while the small one is right now around 1.1583. A candle open above or under it, will probably define the pair for the rest of the week. Resistances above that 1.1583, will be at 1.1620, 1.1658 and finally the zone around 1.1700. Supports, under 1.1510, will be the zone @ 1.1440, 1.1410, 1.1380, and finally 1.1325.
http://blogs.fxstreet.com/advisor/files/2009/01/chf5-300x225.gif
Tags: Usd/Chf
Gbp/Usd intraday levels
Posted on January 22, 2009 at 12:04 in Short-Term Analysis by Valeria BednarikNo Comments »
Despite yesterday’s upside spike to 1.4000, I still see the pair quite bearish,and ready to continue in that direction: quoting right now in a “messy” congestion zone @ 1.3760, a move under 1.3730 will send the pair first to the 1.3680 zone and then like yesterday, 1.3650 and 1.3600 zone. A break under will find next support at 1.3545. Resistances from actual price will be at 1.3820, 1.3862, the zone @ 1.3910, 1.3955 and finally 1.4025.
http://blogs.fxstreet.com/advisor/files/2009/01/gbp7-300x225.gif
Tags: gbpusd
Eur/Usd for today
Posted on January 22, 2009 at 11:31 in Short-Term Analysis by Valeria BednarikNo Comments »
The pair is still pushing to the downside, and attempting to break under the1.3000 level, addressing to next support zone @ 1.2950. Once clear, next supports will be at 1.2910, 1.2863 and then the zone @ 1.2825, yesterday’s minimum.Resistances from actual price will be at 1.3036, 1.3068 and finally the zone @ 1.3115 a daily descendant trend line.
http://blogs.fxstreet.com/advisor/files/2009/01/eur7-300x225.gif
Tags: eurusd
Usd/Jpy technical perspective
Posted on January 22, 2009 at 10:48 in Short-Term Analysis by Valeria BednarikNo Comments »
Wild movements in the pair yesterday, after falling 300 pips in a couple of hours: rumours of Japanese exporters leaving selling orders @ 90.00 are a fact and bearish pressure is clear in the chart, but honestly I was not seeing that movement. However the pair rebound quickly just a couple of pips under the December minimum @ 87.13 and in the longer term could turn into a double floor, yet the pair should move far far away, above 94.60 to confirm the figure, and of course, don’t break under that minimum. Anyway, let’s see what could happen today: quoting just under the 89.00 zone, the pair is pointing to test the congestion zone between 88.50/60, before continuing close to 88.10; under this last, next supports will be at 87.48 and finally 87.10. I can’t see a break under today, yet if so, 88.63 will be next support to consider. Resistances today will be at 89.23, 89,68 and the daily descendant trend line 90.00. The pair will need to clearly move above 90.30 to continue in that direction.
http://blogs.fxstreet.com/advisor/files/2009/01/yen6-300x225.gif
Tags: usdjpy
Majors’s sentiment for today
Posted on January 22, 2009 at 10:17 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd: Neutral toBearish
Gbp/Usd: Bearish
Usd/Chf: Bullish
Usd/Jpy:Bearish
Eur/Gbp: Bullish
Tags: Majors trend
Starting the day
Posted on January 22, 2009 at 9:55 in Starting the day by Valeria BednarikNo Comments »
Hi everybody hope you are fine. After many majors hit multi years lows, (Gbp/Usd a 23 years one, Usd/Jpy a 13 years low, Gbp/Jpy fresh historical low) mostly involving Gbp and Jpy, market take some air by the end of the American session; fear is the name of the game, as the tentacles of the recession octopus are stronger and longer day after day. And that also involves american dollar, no matter how strong has been looking these days: the balance bent on it’s side ahead of fresh policies Obama can bring, and that’s something we will be starting to see by the end of this month, with next FED meeting, on January the 28th. Meanwhile, we are seeing some consolidation in European currencies, while Japanese Yen regains it’s crown of safe haven and remains the strongest currency across the board (I wonder for how long, but that’s another story). Today, we have some interesting news starting in a few minutes, so here is the link to the calendar, while I begin with some technicals:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors
Usd/Chf update
Posted on January 21, 2009 at 13:50 in Short-Term Analysis by Valeria BednarikNo Comments »
Swiss Franc reached yesterday the key 1.1520 level (the 61.8% of the weekly downside rally) and failure to break above. However, the bullish pressure remains intact in the pair quoting around 1.1460, so like yesterday above 1.1485, the pair will retest the 1.1520 zone, and above it, 1.1553, and 1.1586 will be the points to consider. Under 1.1440, congestion zone the pair has these days, consider 1.1410, 1.1380, 1.1325 zone and finally 1.1300 the ascendant trend line projection.
http://blogs.fxstreet.com/advisor/files/2009/01/chf4-300x225.gif
Tags: Usd/Chf
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Posted on January 21, 2009 at 13:07 in Uncategorized by Valeria BednarikNo Comments »
The pair remains quite bearish in daily charts, not that clear in 4 hours one. Take a look at this picture: we had already an upside correction of the last downleg, and the pair is attempting to break again the 1.2900 level, addressing under it to the 1.2845/60 zone. Under it, next supports will be at 1.2800 zone, and finally 1.2762. From actual price, we have a firs resistance @ 1.2936, yet the pair must clear 1.2980 to see some bullish movements targeting 1.3020, 1.3054 and finally 1.3106.
http://blogs.fxstreet.com/advisor/files/2009/01/eur6-300x225.gif
Gbp/Usd technical perspective
Posted on January 21, 2009 at 12:27 in Long-Term Analysis, Short-Term Analysis by Valeria BednarikNo Comments »
Following yesterday’s post, the pair continues pushing to the downside,with no relief: the pair reached the 1.3700 zone and bounce back as suggested, yet still no signs offurther corrections: remember we have the 1.3681, support and under 1.3730 we could see the pair testing that zone. In this particular pair, to confirm the break, we will have to wait maybe till the pair reaches and stays under 1.3650. This particular pair could pass some pips a support or resistance zone and come back making it difficult to understand it some times. Anyway, a clear continuation under, will have next important target at 1.3440. Daily charts are attempting to correct to the upside, yetfar fromgiving signals. So consider 1.3730, the 1.3680 mentioned, and under it, 1.3650and finally 1.3600. Resistances on the other hand will be at 1.3810, 1.3870, 1.3905 and finally 1.3955 zone.
Tags: gbpusd
Majors’s sentiment for today
Posted on January 21, 2009 at 11:31 in Starting the day by Valeria Bednarik1 Comment »
Here is the majors sentiment for today:
Eur/Usd: Slightly Bearish
Gbp/Usd: Bearish
Usd/Chf: Neutral
Usd/Jpy: Neutral to Slightly Bearish
Tags: Majors trend
Starting the day
Posted on January 21, 2009 at 11:25 in Starting the day by Valeria BednarikNo Comments »
Hi everybody, hope you are fine.I had some connexion issues early today, yet here I am! After yesterday’s rally, and some Asian session correction, majors remain under pressure, yet a bit exhausted: from a technical perspective, new daily minimums will probably re trigger greenback strength as dollar is acting again as a safe haven along with Japanese Yen. Stocks are falling around the world, yesterday’s DJIA breaks again under the 8000 level, and European index are not doing much better; so let’s take a look at charts, and see where are those key levels majors need to break (or bounce?). Here is today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Tags: Majors
Usd/Chf following technicals
Posted on January 20, 2009 at 13:34 in Short-Term Analysis by Valeria BednarikNo Comments »
Remember yesterday’s post? the pair finally break theneck/Fibonacci zone, and triggered a great upside rally as expected, close to the target zone @ 1.1520. Quoting right now at 1.1440, the pair remains pushing to the upside, so above 1.1480, the pair will find resistances at 1.1520 zone, followed by 1.1553, 1.1586 and finally the zone @ 1.1610. A daily close above, will mean a retest of the 1.18/1.20 zone, as long as corrections remain above the 1.1520 level. supports today will be at 1.1380, 1.1324 1.1282 and finally 1.1240/50 projection for today, of the ascendant daily trend line.
http://blogs.fxstreet.com/advisor/files/2009/01/chf3-300x225.gif
Tags: Usd/Chf
Gbp/Usd falling apart (again!)
Posted on January 20, 2009 at 12:19 in Long-Term Analysis, Short-Term Analysis by Valeria Bednarik1 Comment »
Where is the bottom for this pair? I certainly don’t know, but have some clues. in previous longer term post about this pair, I have told you that 1.40 was the target zone in the longer term, (already under it, so let’s set new numbers form here) and analysing monthly charts, I told you that the highest fall straight in month was of @ 6900 pips. Take a look at monthly charts:we can count already a 6300 pips straight fall, and we can see two important support zones: the first @ 1.3780 (probable target for today) and then 100 pips under, at 1.3680/85. With monthly charts extremely oversold, we could see some important bounces if reaches the 1.3700 zone of at least 1000 pips in the longer term. However, if the mentioned 1.3680 gives away, bearish pressure will remain intact.
For today, supports will be at 1.3937, followed by 1.3905, 1.3860 zone, 1.3820 and the mentioned 1.3780 zone. Regarding resistances, above 1.4020 we have 1.4065, 1.4130 and finally the zone @ 1.4200.
Tags: gbpusd
Eur/Usd for today
Posted on January 20, 2009 at 11:41 in Short-Term Analysis by Valeria BednarikNo Comments »
Clearly bearish, the pair has found a bottom @ 1.2920 and bounced back a bit, as short term charts were over sold, yet far form a larger correction. Under actual minimum next supports will be at 1.2892, followed by the zone @ 1.2850, and then 1.2790/1.2810 zone. Above 1.2990, the pair could attempt a rise, yet must break above 1.3045/60 zone to continue in that direction, with next resistance at 1.3104.
http://blogs.fxstreet.com/advisor/files/2009/01/eur5-300x225.gif
Tags: eurusd
Majors’s sentiment for today
Posted on January 20, 2009 at 10:42 in Sentiment by Valeria BednarikNo Comments »
Here is the majors sentiment for today:
Eur/Usd:Bearish
Gbp/Usd: Bearish
Usd/Chf:Bullish
Usd/Jpy:Neutral
Tags: Majors trend
Starting Obama’s day
Posted on January 20, 2009 at 10:37 in Starting the day by Valeria BednarikNo Comments »
Hi everyone welcome back, hope you are fine. Adding to yesterday’s comments, the dollar positive rallies were triggered by the end of the American session, and continued overnight, with GBP almost in freefall following the banking system conditions, Euro hitted not only but what we talk yesterday about this year forecast (and now supported by the ZEW survey published a few minutes ago) but because of the financial woes Europe is suffering. Only Japanese yen is holding it’s strength, but let’s see for how long: the Japanese government warned on Tuesday that the economy is ‘worsening rapidly’ as a deepening recession hits jobs and incomes, sending consumer confidence to a record low. We have some more data to be release today, you can check the following link:
http://www.fxstreet.com/fundamental/economic-calendar/
Be back in a few minutes, have a great day!
Tags: Majors
Eur/Gpb daily charts update
Posted on January 19, 2009 at 14:32 in Long-Term Analysis by Valeria BednarikNo Comments »
Remember my past week post about this pair? you can see it here: http://blogs.fxstreet.com/advisor/tag/eurgbp/ the pair again rebounded in the 61.8% of the Fibo rally, and 0.8840 zone is holding the downside pretty well and in fact, the pair formed a double bottom there with a neck at 0.9130 (seems to be a figure day today http://blogs.fxstreet.com/advisor/wp-includes/images/smilies/icon_wink.gif ). A confirmation above that point, could mean a nearly 300 pips rally, with a tough resistance in the middle: 0.9205 the 38.2% of the rally.
http://blogs.fxstreet.com/advisor/files/2009/01/eug-300x225.gif
Tags: Eur/Gbp
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