9/21 Forex Technical Analysis Reports (ActionForex.com)

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Forex Technical Analysis Reports (ActionForex.com) Currency Technical Report September 21, 2009 at 12:19 am Euro's rise seems to have paused for the moment, as 1.4700 area could not be clearly breached. However the move is likely to be resumed to higher levels, according to the weekly chart and the break of the three month sideways formation. Forex Technical Analysis September 20, 2009 at 11:15 pm EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. Daily FX Report September 20, 2009 at 10:59 pm Since August, the USD has been trading in a bearish trend channel against the JPY. Always when it touched the upper line from the trend channel, the price rebounded. After touching its support at 90.02 the USD recovered and rose to its resistance level around 91.55. Two times before, it... Forex Technical Analytics September 20, 2009 at 9:21 pm The pre-planned short positions were implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked preservation of several minimal priority of bullish party as it was before gives grounds to suppose further rate correction period with the preservation of sales priorities of trading operations planning for today.... FX Technical Analysis September 20, 2009 at 8:30 pm EURUSD Comment: The strongest weekly close since September 2008, above the 61% Fibonacci retracement, should keep current levels of bullish momentum while allowing the overbought Euro to sort itself out. Allow for consolidation today but be aware that thin markets could drive moves beyond chart levels. Technical Analysis for Crosses September 20, 2009 at 8:18 pm Despite reaching the oversold areas, but we don't think that the momentum indicator will prevent the pair from preceding the major bearish scenario, which is based on the daily double top formation, particularly after breaching the support areas of 149.00 and the daily closing below it as seen on the... Technical Analysis for Major Currencies September 20, 2009 at 7:55 pm The Euro versus dollar pair confirmed the exit from the ascending channel as seen in the above image, changing the intraday trend to the downside confirmed by momentum indicators that have given bearish signs. The medium and short term trend are still to the upside yet on the intraday basis,... Foreign Exchange Market Commentary September 20, 2009 at 6:57 pm EUR/USD closed lower due to profit taking on Friday as it consolidates some of this month's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible... The Daily Forecaster: USDCAD September 20, 2009 at 6:51 pm We did get a break above the 1.0700-28 area but the upside stalled just below the 1.0786-97 resistance. The short term structure is mixed - could even be seeing a sideways consolidation which would imply a cap around the 1.0742-52 area. Thus wait for break of this resistance and 1.0767... Market Morning Briefing September 20, 2009 at 5:27 pm Some profit-taking seems to be coming in on the Euro (1.4690) and the Aussie (0.8655) both of which are trading lower than the highs of 1.4770 and 0.8778 respectively, seen last Thursday. This is despite the rise/ stabilisation in Dollar-Yen, which is trading near 91.50, comfortably above the crucial level... Forex and Dow Jones Recommended Levels September 20, 2009 at 4:37 pm EUR/USD Today's support: - 1.4665, 1.4620 and 1.4577(main), where correction is possible. Break would give 1.4552, where correction also may be. Then follows 1.4514. Break of the latter would result in 1.4490. If a strong impulse, we would see 1.4477. Continuation will give 1.4442. FX Technical Commentary September 20, 2009 at 3:35 pm Euro 1.4710 Initial support at 1.4516 (Sept 14 low) followed by 1.4467 (Sept 9 low). Initial resistance is now located at 1.4768 (Sept 17 high) followed by 1.4866 (Sept 22 2008 high) Euro Moves Set Up Yen Expectancy September 20, 2009 at 8:17 am From the summer of 2008 until now, the euro (Eur/Usd) and the yen (Usd/Jpy) have traded in four clearly defined stages that may guide as to Jpy cross pair momentum, and provide a window into the global fair value on the yen pair. During the last twelve months, the two...   This email was sent to skytheheaven@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.