Forex Signal & News

2007-Jun-17 - EUR: A small revers head-and-shoulders bottom
EUR: A small revers head-and-shoulders bottom formed before the 1.3255 support and this could mark the start of a correction higher. The first upside barrier remains 1.3333 and clearing it call for a rally to 1.3372. It is a tested resistance level plus the 38.2% Fibonacci level of the last down leg. This combination makes it a formidable barrier that might prove impossible to breach. On the downside, support starts at the last ‘shoulder’ at 1.3289 and extends to 1.3266 and the crucial 1.3255.




2007-Jun-17 - Daily Forex Technical Report - UK Retail Sales and US PPI in Focus after Expected SNB Hike
Forex Daily Technical Report UK Retail Sales and US PPI in Focus after Expected SNB Hike SNB raise the target range for the three-month Libor by 25bps 2.00-3.00%, with mid-point at 2.50% as widely expected. With this move, SNB is ensuring that inflation prospects remain favorable. Swiss Franc is mildly lower after this expected rate hike. UK economic data this week were not Sterling supportive so far as they suggest that BoE is in not urgency to hike soon. RICS house price index released




2007-Jun-17 - EUR/USD Daily Technical Forex
Current level at 10:00 CET is 1.3302, trading just above the daily pivot point of 1.3294, having traded as low as 1.3262 yesterday, close to the 38.2 Fibo retracement level of 1.3225. Daily RSI and stochastics are approaching oversold levels and suggest a rebound to the upside may be in the course of formation. Support levels today are 1.3273 and 1.3238. Resistance is to be expected at 1.3330, 1.3350 and the daily Ichimoku cloud base at 1.3379.




2007-Jun-17 - USD/JPY Daily Technical Forex
Current level at 10:23 CET is 122.88, trading above the daily pivot point level of 122.30. Resistance levels for today are set at 123.14 and 123.60 and the 23.6 percent Fibo projection target of 123.85. The 122.19 level should constitute a firm base for any downside movement today, however a break would bring 121.84 and then 121.00 into focus.  Topping out hourly momentum readings suggest downside correction possible during the course of todays trading.




2007-Jun-17 - EUR/JPY Daily Technical Forex
Current level at 10:35 CET is 163.56, trading above the daily pivot point level of 162.70 with resistance levels at 164.00 and the previous high of 164.63. Hourly momentum readings are in positive territory, although overbought signals are gradually coming through. Support levels are set at 162.01 and then 160.73.



2007-Jun-17 - Forex Technical Report GBP/USD
GBP/USD 1.9724 - 14 June 2007 GBP/USD Open 1.9735 High 1.9761 Low 1.9677 Close 1.9728 Yesterday's trading was quiet and the Pound was trading in the range 1.9679 - 1.9743 US Dollars. This morning the currency pair was exchanging at levels 1.9736 - 1.9714. If today the Cable get through the resistance zone at 1.9744 US Dollars, next target will be reaching and testing the 1.9786 level. If successful the upwards movement will continue towards 1.9825. If the Pound breaks under the support zone



2007-Jun-17 - Forex Technical Report USD/CHF
USD/CHF 1.2435 - 14 June 2007 USD/CHF Open 1.2435 High 1.2485 Low 1.2416 Close 1.2438 Trading yesterday was quiet and the US Dollar was in the range 1.2419 - 1.2446Swiss Francs. This morning the currency pair was exchanging at levels 1.2432 - 1.2461. If today the US Dollar gets through the resistance zone at 1.2460 Swiss Frank, next target will be reaching and testing the 1.2511 level. If successful the upwards movement will continue towards 1.2548. If the currency pair breaks under the




2007-Jun-17 - Over-Bought USDJPY looking to break into 123.00 level
USDJPY: (122.94) USDJPY seems to be heading towards 123.50 level and generally traders will look to buy USDJPY on dips to its retracement levels. Currently a good buying level can be seen around 122.16 and we might see USDJPY taking a dip towards that level before making another attempt towards 123.50 level. RSI is currently on the higher side and it will certainly pushing USDJPY downwards, so we might see traders not targeting too much high level levels for USDJPY. TRADE: Buy USDJPY @ 122.16




2007-Jun-17 - FX Thoughts for the day - Evening - 14-June-2007....1154 GMT
EURO, JAP YEN and EURO-YEN --------------------------- Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below --------------------- USD-CHF @ 1.2436/41….……Stable currently ----------------------------------------- R: 1.2470 / 1.2494 S: 1.2430 / 1.2400 USD-CHF has been stable during the day, even as the SNB




2007-Jun-17 - Support, Resistance & Range Forecast
-------------------------------------------- www.AceTrader.com USD/JPY Update Time:  14 Jun 2007 12:42 GMT Range Forecast  122.95 / 123.20 Resistance/Support R: 123.26/123.43/123.80 S: 122.77/122.55/122.20 -------------------------------------------- EUR/USD Update Time: 14 Jun 2007 12:51 GMT Range Forecast  1.3280 / 1.3310 Resistance/Support R: 1.3317/1.3333/1.3375 S: 1.3264/1.3214/1.3177 >SIGN UP for 1-week TRIAL< -------------------------------------------- USD/CHF




2007-Jun-17 - Mid-Day Forex Technical Report - Dollar Still in Range Against Euro after Strong PPI Inflation
Forex Mid-Day Technical Report Dollar Still in Range Against Euro after Strong PPI Inflation Dollar remains in tight range against Euro even though PPI came in much higher than expected. This is the second day in a row which dollar has little reaction to positive data. And it looked that the greenback is losing momentum after being overbought in the short term. Elsewhere, Sterling remains pressured even though a slightly better than consensus retails sales report. Swiss is still kept in tight



2007-Jun-17 - Intra-day forex market trend
This session trend: other majors are expected to make swings and slide BIG in coming days as trending move .... firming up moves are sell opportunities......




2007-Jun-17 - Forex Day Trading
Today’s Trend – Mixed.  Everywhere & nowhere Current Outlook –  Today we do not have a trend in place as we have traded both up and down.  The near term trend for the last couple of hours has been to the downside and we began today's trading by selling from the 5 minute overbought levels down and taking profits into the 242.04 area of support. We are holding our remaing positons as we have already locked in profits waiting to see if we get a break of support and moving our




2007-Jun-17 - Support, Resistance & Range Forecast
-------------------------------------------- www.AceTrader.com USD/JPY Update Time:  15 Jun 2007 01:01 GMT Range Forecast  122.90 / 123.13+ Resistance/Support R: 123.13/123.34/123.57 S: 122.77/122.55/122.20 -------------------------------------------- EUR/USD Update Time: 15 Jun 2007 00:14 GMT Range Forecast  1.3300 / 1.3325 Resistance/Support R: 1.3333/1.3375/1.3400 S: 1.3264/1.3214/1.3177 >SIGN UP for 1-week TRIAL< -------------------------------------------- USD/CHF




2007-Jun-17 - Fxtechtrade
Several words about the EUR/USD future. Resistance (daily close) : : 1.2988, 1.3077, 1.3146, 1.3360, 1.3579, 1.3680 , 1.3758 and 1.3950. Break by daily close of 1.3950 mark will establish the minimum target as 1.4400. Next target - 1.4577. Support (daily close) : 1.3411, 1.3263 , 1.3106 and 1.2964 (added on May 18, 2007 ). Then 1.2803, 1.2730, 1.2600, 1.2532 and 1.2390. Daily close under 1.2390 will lead the market to 1.2307, 1.2218, 1.2150, 1.1896, 1.1740, 1.1678 и 1.1520 (published on



2007-Jun-17 - Currency Majors Technical Analysis
EURUSD Short term (Intraday) 1,3321. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to consolidate. The price should continue to move in 1,3670 / 1,3330 range. We won't take a position. The risk/reward ratio is too high to take a position.. Resistances



2007-Jun-17 - Forex Technical Report EUR/USD
EUR/USD 1.3324 - 15 June 2007 EUR/USD Open 1.3310 High 1.3330 Low 1.3248 Close 1.3293 Trading yesterday was quiet and the Euro was trading in the range 1.3316 - 1.3278 US Dollars. This morning the currency pair was exchanging at levels 1.3308 - 1.3329. If today the Euro get through the resistance zone at 1.3328 US Dollars, next target will be reaching and testing the 1.3372 level. If successful the upwards movement will continue towards 1.3410. If the Euro breaks under the support zone 1.3303