FOREX EASY WAY TO TRADE

Monday, June 29, 2009

EUR daily outlook

The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed and activity parity of both parties marked by OsMA trend indicator as the result of previous trading day keeps preserving uncertainty concerning the choice of planning priorities for today

EUR: Attempt longs at 1.4005; stop below 1.3800

Still consolidating under the increasingly important 1.4200 level but giving up very little room. Bullish momentum should increase slightly if we can hold above 1.3900 this week. Only a weekly close above 1.4200 will really get things going and another big round of short-covering

USD/CHF Current Price: 1.0887

Neutral to slightly Bullish Hourly Sentiment is Seen as Price works through and Accumulating Range of 1.0798 Daily Static Support to 1.0913 Daily Static Resistance

USD/JPY Current Price: 95.36

Neutral to Bearish Sentiment is seen with Price just entering a 20SMA/200SMA Bearish Hourly Cross, as the 20SMA is providing Dynamic Support with holding on the Daily Pivot @ 95.42.

GBP/USD Current Price: 1.6443

Neutral to Corrective Bullishness is Seen, as Hourly Sentiment with Price finds a slight Reversal of the 20SMA/200SMA Hourly Bullish Cross with the 20SMA providing Dynamic Resistance Confluence at the 1.6482 Daily Pivot

EUR/USD Current Price: 1.3992

Neutral to Bearish Sentiment is Seen as Price finds a Bounce from the 1.4000 Handle Static Support caught at the Daily Pivot/20SMA Dynamic Resistance Area

Today's Trading Signals

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Currency Majors Technical Analysis

1,4029. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3890 and 1,4110. The volatility is low. Bollinger bands are flat

EUR/USD: (1.4033) Above Triangle pattern, but at apex

Daily Long Term Moving Average↑ (1.3934 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex

Daily Forex and Dow Jones outlook

1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008)

Sunday, June 28, 2009

Crude Oil Weekly Technical Outlook

Crude oil's fall from 73.23 extended to as low as 66.25 last week but rebounded strongly. Nevertheless, such rebound was limited at 71.29, below 72.55 resistance and crude oil weakened towards the end of the week

Thursday, June 25, 2009

Forecast on US Dollar Minors

breached the prior day's trading range and closed @ 10980 which was well above the open. FED Chairman Bernanke Testifies

EURCHF update

The euro rallied on yesterday as a result of the SNB intervention - selling francs. The pair is expected to trade violently for a while

AUDUSD update

Resistance into the .8050 region formed by the upper band of a downward trend channel could not be breached on yesterday and the Aussie dollar is losing strength

EURUSD update

The euro dropped on yesterday, not being able to hold gains above the 1.4000 mark. The fast decline was mainly caused by the SNB intervention against the CHF

Forecast on US Dollar Majors

has been very difficult to predict in the recent days as the price signals are very noisy and closed @ 13930 which was below than the open

USD/JPY Daily Outlook

Although dlr has moved higher after intra-day brief retreat n abv o/head res at 96.36 wud extend the upmove fm this week's low at 94.88 to 96.50/60, near term loss of momentum shud cap upside below 96.90 n yield pullback later

Forex News and Events

While the FOMC failed to excite the market, it was SNB's currency intervention which provided the day's fireworks

Technical News

The GBP/USD pair has been very volatile lately. Nonetheless, the current upward trend may be under threat, as the chart's hourly MACD indicates that the pair is overbought