Browsing Archive: November, 2009
Posted by Faisal Kamdar on Monday, November 16, 2009,
GBPUSD Analysis.
GBPUSD
is forming a short term cycle bottom at 1.6515 level on 4-hour chart.
Now the rise from 1.6515 is possibly be resumption of uptrend from
1.5708, a break above 1.6840 key resistance will confirm the cycle
bottom and signal another rally towards 1.7042 (Aug 5 high). Support
level is at 1.6515, below this level will suggesting that the uptrend
from 1.5708 has completed at 1.6841 level already, then the following
downtrend could take price back to 1.6300-1.6350 area....
Posted by Faisal Kamdar on Friday, November 13, 2009,
AUDUSD Analysis.
After
breaking above 0.9326 previous high resistance, AUDUSD dropped below
0.9254 key support, suggesting that a short term cycle top has been
formed at 0.9368 level on 4-hour chart and the rise from 0.8916 has
completed. Pullback towards 0.9000 zone would more likely be seen in
next several days. Resistance level is now located at 0.9368, only rise
above this level will indicate that uptrend from 0.8916 has resumed,
then next target would be at 0.9500 area.
... Continue reading ...
Posted by Faisal Kamdar on Thursday, November 12, 2009,
GBPUSD Analysis.
As
expected, GBPUSD formed a short term cycle top at 1.6841 level on
4-hour chart. Deeper decline is still possible later today and next
target would be at 1.6400 zone. However, the fall from 1.6841 is more
likely consolidation of uptrend from 1.5708, another rise towards
1.7042 (Aug 5 high) could be seen after consolidation. Resistance is
now at 1.6700, above this level could signal resumption of uptrend.
EURUSD Analysis.
Being contained by 1.5062
... Continue reading ...
Posted by Faisal Kamdar on Wednesday, November 11, 2009,
EURUSD Analysis.
Being contained by 1.5062 previous high resistance, EURUSD pulled back from 1.5019, suggesting that a minor consolidation of uptrend from 1.4626 is on the way. Another fall towards the lower border of the rising price channel is possible later today. However, as long as the channel support holds, we’d expect uptrend to resume and further rise towards 1.5200 could be seen after consolidation. Key resistance is at 1.5062, above this level will confirm the resumption of long... Continue reading ...
Posted by Faisal Kamdar on Tuesday, November 10, 2009,
| Daily Forex Reports |
Written by forexpros.com |
Tuesday, 10 November 2009 12:16 GMT
|
Forexpros Daily Analysis Nov 10, 2009
Traders await the release of the Bank of England's (BOE) Quarterly Inflation Report tomorrow (NOV 10th).
The report sets out a detailed economic analysis and inflation
projection on which the Bank's Monetary Policy Committee bases its
interest rate decisions. The Monetary Policy Committee is also expected
to present an assess... | Continue reading ...
Posted by Faisal Kamdar on Tuesday, November 10, 2009,
| Daily Forex Reports |
Written by iFOREX.bg |
Tuesday, 10 November 2009 11:57 GMT
|
USD/JPY Open 89.95 High 90.23 Low 89.68 Close 89.96
On Monday Dollar/Yen was trading quietly after the sharp fall on
Friday. On the 1 hour chart the important key support 89.55 was broken
downward at the beginning of last week, indicating strong bears with
perspective targets towards 88.60. However, the CCI indicator is in the
oversold zone and upwards on a 3 hour chart,... | Continue reading ...
Posted by Faisal Kamdar on Tuesday, November 10, 2009,
| Daily Forex Reports |
Written by iFOREX.bg |
Tuesday, 10 November 2009 09:05 GMT
|
GBP/USD Open 1.6775 High 1.6843 Low 1.6475 Close 1.6757
On Monday Pound/Dollar also climbed from 1.6617 to the 1.6843 top,
closing the day at 1.6757. Today, however, the Cable deeply corrected,
swallowing all yesterday's rise. If Sterling can manage to recover and
cross convincingly yesterday's top and first resistance 1.6843, upward
scenario will be confirmed and rising... | Continue reading ...
Posted by Faisal Kamdar on Tuesday, November 10, 2009,
| Daily Forex Reports |
Written by Finexo.com |
Tuesday, 10 November 2009 08:23 GMT
|
USD
The G20 met on Monday and pledged to keep emergency stimulus spending
in place until a global recovery is assured. This moved investors out
of the US Dollar and into the higher yielding currencies as well as the
stalwart Euro and British Pound. The declaration by the G20 members was
interpreted as an affirmation that interest rates will remain low for
some time, a... | Continue reading ...
Posted by Faisal Kamdar on Tuesday, November 10, 2009,
EURUSD Analysis.
EURUSD’s
uptrend from 1.4626 extended to as high as 1.5020. Further rise to test
1.5062 is possible later today. Support is now located at the rising
trend line from 1.4626 to 1.4811, as long as the trend line support
holds, we’d expect uptrend to continue, however below the trend line
support will suggest a minor consolidation is under ways, then pullback
to 1.4920-1.4950 is expected to follow.
GBPUSD Analysis.
GBPUSD broke above 1.6741
(Sept 11 hi... Continue reading ...
Posted by Faisal Kamdar on Monday, November 9, 2009,
Written By : DailyFx.com
The euro surged higher on Monday and crossed above the 20-Day SMA
(1.4880) to reach a high of 1.5012, and the single-currency looks
poised to test the yearly high at 1.5064 as investors raise their
appetite for risk.
Talking Points
• Japanese Yen: USD/JPY Remains Weighed, Holds Below 90.00
• Pound: Breaks Range to Hit 3-Month High
• Euro: German Trade Surplus Widens, Industrial Outputs Jump
• US Dollar: IMF Sees Further Weakness, Carry-Interest... Continue reading ...
Posted by Faisal Kamdar on Monday, November 9, 2009,
Written by : Traderslog.comA pip is the smallest price increment in forex trading - pip stands for percentage in point. Prices
are quoted to the fourth decimal point in the forex market - for
example EUR/USD might be bid at 1.1914 and offered at 1.1917. In this
example we can see that the spread is 3 pips wide. The Japanese Yen
(JPY) is an exception - it is quoted only to the second decimal point. Continue reading ...
Posted by Faisal Kamdar on Monday, November 9, 2009,
GBPUSD Analysis. GBPUSD
is testing 1.6692 resistance, above this level will face 1.6741
critical resistance, a break of this level will indicate that the
longer term downtrend from 1.7042 (Aug 5 high) has completed at 1.5708
level already, then another rise could be seen to retest 1.7042
resistance. Support levels are 1.6515 and 1.6466, below 1.6466 key
support will suggest that a short term cycle top has been formed on
4-hour chart, then another fall towards 1.6000 could be seen.
US... Continue reading ...
Posted by Faisal Kamdar on Monday, November 9, 2009,
| Daily Forex Reports |
Written by Finexo.com |
Monday, 09 November 2009 07:57 GMT
|
USD
The US unemployment situation worsened to levels unseen since 1983
prompting many traders and investors to seek safe-haven shelter in the
Dollar. The number of unemployed Americans rose to 10.2%, a .3%
increase from expectations and amplified concern that while the economy
is showing growth, the employment situation is dire. Government
estimates assumed the rate wou... |
Continue reading ...
Posted by Faisal Kamdar on Monday, November 9, 2009,
| Daily Forex Reports |
Written by Forexyard.com |
Monday, 09 November 2009 06:53 GMT
|
While the Dollar drops against the major currencies due to the
disappointing U.S employment data from Friday, the strongest trend in
the market appears to be the bullish gold. Gold continues to break new
record highs on a daily basis, and has now reached over $1,100 on
ounce. Can it reach higher?
Economic News
USD
- Dollar Slides on Negative Employment Data
The Dol... |
Continue reading ...
Posted by Faisal Kamdar on Monday, November 9, 2009,
Written By : Forextrading.com
Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk
factors. It is crucially important that you fully understand the implications of margin trading and the
particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer
you a brief introduction to the Forex markets as well as their participants and some strategies that you
... Continue reading ...
Posted by Faisal Kamdar on Monday, November 9, 2009,
Written By : Mgforex.com
Foreign Exchange (FOREX) is the arena where a nation's currency is
exchanged for that of another. The foreign exchange market is the
largest financial market in the world, with the equivalent of over $1.9
trillion changing hands daily; more than three times the aggregate
amount of the US Equity and Treasury markets combined. Unlike other
financial markets, the Forex market has no physical location and no central exchange (off-exchange).
It operates through a global net... Continue reading ...
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