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EURJPY: Poised To Retarget The 123.41 Level

posted by Avatar forexben 769 days ago in USD, Technical, Daily

EURJPY- The challenge on the 125.19/22 levels, its Mar 12'10/ Feb 22'10 highs highlighted in our earlier analysis in the morning has yielded to bear pressure as the cross followed through lower on its Thursday gains today. With that said, our foc read more
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EURUSD: Bear Pressure Set For The 1.3537/1.3498 Levels

posted by Avatar forexben 772 days ago in USD, Technical, Daily made popular 772 days ago

EURUSD: Having failed to build on its Wednesday gains in early trading today, EUR is now seen wiping out most of Tuesday and Wednesday gains. The bears are set to push the pair further lower towards its April 05’10 high at 1.3537 and the 1.3498 l read more
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Euro Euphoria Fades

posted by Avatar forexben 772 days ago in USD, Fundamental, Daily

Asia Pacific markets were stronger today after a stellar rally in US equities. The Nasdaq led the rally, advancing more than 1.5% to close at 2504.86. The Dow and S&P were also firmer, gaining .94% and 1.12% respectively. read more
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AUD/USD 94.0 Resistance Holds but No Bearish Signal

posted by Avatar forexben 775 days ago in USD, Technical, Daily made popular 775 days ago

Daily: The market started the week with gaps across the board. The AUD/USD surged above the close last week to test 0.9390, just below the 0.94 high of 2009.

4H: This 0.94 area was also near the 161.8% extended retracement of the run-down betw read more
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LovingForex Signals - Apr-12, 2010 - 2:00 PM GMT

posted by Avatar forexben 775 days ago in USD, EUR, GBP made popular 775 days ago

Free Signals EUR/USD Member Signals EUR/USD Updated at: Apr-12, 2010 - 2:00 PM (GMT) Buy around 1.3605 (+/- 5 pips). TP LV1 +30 pips LV2 +50 pips. Set SL -40 pips. read more
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USD Higher, IMF/EU Offer Standby Loans to Greece

posted by Avatar kim221b 775 days ago in USD, Fundamental, Daily made popular 775 days ago

The USD is trading higher despite report that the IMF and EU offered standby loans of $45bln to Greece, EUR initially rallied in reaction to the Greek bailout announcement with gains limited by comments from German officials and report that China read more
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FX Thoughts for the Day

posted by Avatar kim221b 775 days ago in USD, Technical, Daily

Dollar-Swiss touched a low of 1.0547, honouring the Support at 1.0550, in the European Session today. While above 1.0600, the pair may rise towards 1.0625 or even 1.0656 in the US session today. However, a sharp fall below 1.0600, may see 1.0550 read more
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LovingForex Signals - Apr-7, 2010 - 3:00 PM

posted by Avatar forexben 780 days ago in USD, EUR, JPY made popular 780 days ago

Free Signals EUR/USD Member Signals EUR/USD Updated at: Apr-7, 2010 - 3:00 PM (GMT) Sell around 1.3355 (+/- 5 pips). TP LV1 +30 pips LV2 +50 pips. Set SL -40 pips. read more
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ECB to Maintain its Dovish Tone

posted by Avatar forexben 780 days ago in USD, Fundamental, Daily made popular 780 days ago

It seems that the ECB has reverted to its strategy of implementing changes to its “policy” stance every three months, a strategy the ECB used at the start of the previous cycle in 2005/2006. However, in that episode changes it applied to its genu read more
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USDJPY: Corrective Weakness Still In Progress

posted by Avatar forexben 780 days ago in USD, Technical, Daily

USDJPY: The pair still looks vulnerable to the down side for further corrective weakness triggered from the 94.76 level, its 2010 high. However, above there will have to be traded to put its current downside vulnerability on hold and bring furthe read more
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BOJ Expected To Hold Monetary Policy Steady

posted by Avatar forexben 781 days ago in USD, Technical, Daily made popular 781 days ago

The BOJ will conclude a two-day policy meeting on Wednesday. At the February policy meeting the BOJ elected to expand its lending operation from ¥10trln to ¥20trln and to hold interest rates unchanged at 0.1%. read more
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AUD/USD: Pattern Breakout Offers Valuable Lessons

posted by Avatar forexben 781 days ago in USD, Technical, Daily

4H: The AUD/USD formed an ascending triangle yesterday, and looked ready to breakout yesterday as the rising support converges with the flat resistance. Anticipation was for the break above.

The market is now heading towards 94.00. This triang read more