Blues
Elite Member
- Messages
- 8,178
Paid Membership
- Joined
- Mar 6, 2006
- Messages
- 8,178
- Reaction score
- 18
- Points
- 70
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
19.10.2009 Forex: GBP/USD: Last week's "bullish engulfing" candle cancels downside pressure - Mizuho
FXstreet.com (Barcelona) - The Pound rallied last week from 1.5700 to 1.6400 high, forming a "bullish engulfing" candle on the weekly chart, which, according to Nicole Elliott, senior technical analyst at Mizuho Corporate bank cancels previous downside pressure.
On the long term, Elliott sees the Pound trending higher, after its bounce at Fibonacci retracement support: "Last week’s rally from first medium term Fibonacci retracement support (38%) formed a large ‘bullish engulfing’ candle on the weekly chart, culminating in a close above the ‘neckline’ of an irregular ‘head-and-shoulders’. This pretty much cancels out the downside pressure supplied by this chart formation and underlines the fact that the very long term trend for Cable is higher."
Resistance levels, according to Elliott, lie at 1.6371, 1.6401 and 1.6585. On the upside, support levels lie at 1.6281, 1.6253 and 1.6197.
19.10.2009 Forex: AUD/USD: Aussie bounces at 0.9110 and returns above 0.9200
FXstreet.ccom (Barcelona) - Australian Dollar's rallied last week from 0.8980 low on Monday up to 0.9270 on Friday, the highest level from early August last year, to ease afterwards, although the pair has bounced at 0.9110 on Monday and rallies back, reaching levels above 0.9200 at the moment of writing.
According to Mohammed Isah, technical analyst at FXTechstrategy, the Aussie continues targeting higher levels, despite Friday's retreat: "Its medium term uptrend remains intact suggesting further upside gain is expected towards its Aug 03’08 high at 0.9344 level. An invalidation of the latter will turn focus to the 0.9592 level, its July 27’08 high."
On the downside, Isah points out to 0.9090 low: " To the downside, while Friday ended as a negative day, building on that weakness will leave the pair vulnerable to the downside towards the 0.9091 level, its Oct 08’09 high ahead of the 0.9000/0.8950 levels where a reversal of roles is expected."
19.10.2009 Forex: EUR/USD: Euro jumps above 1.4900, testing 1.4920 resistance
FXstreet.com (Barcelona) - The Euro is building up on early European session and after having bounced at 1.4825 during Asian session, the Euro has boosted through 1.4900 to hit a session high at 1.4933 and is struggling at the moment with 1.4920 resistance.
In case of breaking above 1.4920, next resistance levels lie at 1.4965 (Oct 15 and 16 high) and 1.4980 (Aug 13 08 high). On the downside, support levels lie at 1.4840/45 area (Oct 14,15 and 16 area), and below here, 1.4790/00 and 1.4755 (Oct 13 low).
In a longer perspective, Karen Jone, technical analyst at Commerzbank se4es the Euro targeting levels above 1.5200: "Near term the market will remain immediately bid above the 20 day ma – this is located at 1.4734. We target 1.5225/the long term Fibonacci retracement. Only below the 20 day ma would indicate a near term corrective dip lower towards 1.4494/50."
19.10.2009 Forex: USD/JPY: Dollar retreats from 91.30 to 90.50 support area
FXstreet.com (Barcelona) - Dollar recovery from 88.80 low on Oct 14 was capped at 91.30 last Friday, and the pair has retreated during Asian session to 90.550/55 support area, which is being tested ahead of the European session opening.
Initial support level lies at 90.50/55 (Oct 16 low), and below here, 90.15 and 89.70/90 congestion area. On the upside the Dollar might find resistance at 91.15, and above here, 91.35 (Oct 16, Sept 25 high), and then 91.55/65 (Sept 23 and 24 highs).
EUR/JPY rally from 129.60 low on October 7 has found resistance at 136.00/05 area, which did not break after two attempts on Friday, and the Euro has softened somewhat during Asian session to reach 134.73 low. At the moment, the Euro trades around 135.30. Support levels are 134.55/65 and 134.00. Resistance levels are 136.00/05 and 136.45.
19.10.2009 Forex: EUR/USD: Euro finds support at 1.4840/45
FXstreet.com (Barcelona) - The Euro has reached levels below 1.4840/45 during Asian session, hitting 1.4825 on its retreat from 1.4965 year to date high reached on Friday, although the mentioned support area has remained intact and the Euro bounced up reaching back to levels right below 1.4900 at the moment of writing.
The Euro seems slightly weaker on hourly charts, and immediate support levels lie at 1.4840/45 area (Oct 14,15 and 16 area), and below here, 1.4790/00 and 1.4755 (Oct 13 low). On the upside, the Euro might find resistance at 1.4900 and above here, 1.4920 intra-day high and then at 1.4965 (Oct 15 and 16 high).
EUR/GBP remains consolidating in a range from 0.9095 and 0.9150 after its decline from levels above 0.9300 on October 15. Support levels lie at 0.9090 and 0.9045. Resistance levels are 0.9145 and 0.9170.
FxCompany Demo Contests launched!
We had a growing demand for Demo Contests from our customers and we did our best to fulfill it!
FxCompany is proud to announce we are starting the demo contests this fall. We start with 2 contests called "Forex" and "Heavy Metal".
You can view the rules and prizes of the contests here: http://www.fxcompany.net/competition/enter_page.php
Take part in our demo contests and get REAL MONEY prizes! Taking part in our Demo Contests is easy!
1. Select a contest you like!
2. Register in the contest!
3. Show us ace trading and be the winner!
Registration is open starting from the 19th of October. To register in a contest please proceed to http://www.fxcompany.net/competition/enter_page.php
Pertandingan Demo FxCompany bermula!
Kami dapati ramai yang berminat untk menyertai Pertandingan Demo, Jadi kami cuba melakukan yang terbaik untuk memenuhinya.
FxCompany dengan bangganya melancarkan Pertandingan Demo pada musim ini. Kami mulakan dengan 2 jenis pertandingan iaitu “Forex” dan “Heavy Metal”
Syarat pertandingan dan juga hadiah boleh dilihat di sini : http://www.fxcompany.net/competition/enter_page.php
Rebutlah peluang untuk menyertai pertandingan ini dan menangilah hadiah Wang Tunai! Untuk menyertai pertandingan ini cukup mudah!
1. Pilih pertandingan yang ingin anda sertai
2. Daftarkan diri anda.
3. Tunjukkan kehebatan anda untuk merebut gelaran juara.
Pendaftaran bermula 19 Oktober. Untuk mendaftar pertandingan ini sila ke : http://www.fxcompany.net/competition/enter_page.php
19.10.2009 Forex: USD/JPY rebounds at 90.40 and rises to 90.75
FXstreet.com (Crdoba) – The Dollar has recovered part or previous losses against the Yen in the last hour. USD/JPY rebounded at 90.40 and rose to 90.75. The pair trades at 90.66/70, 0.33% below today’s opening price. Dollar remains weak after being unable to break above 91.00.
The ecPulse.com analysis team affirms: “The dollar-yen pair showed a downside tendency over daily basis, but on the 4-hour and 1-hour charts, the pair is inclining. The pair rebounded from the strong support at 90.27, which represents 23.6% Fibonacci retracement level to the downside trend that started on August 10.“
19.10.2009 Forex: GBP/USD rises to test 1.6400
FXstreet.com (Crdoba) – The rise in stocks is sending the Dollar lower across the board. GBP/USD jumped from 1.6305 to test a key resistance zone at 1.6400. Above the mention level, the next resistance lies at 1.6470 (Sept 23 high).
Currently the pair trades at 1.6401/05, 0.50% above today’s opening price at intra-day highs. Cable is rising for the fifth consecutive day against the Dollar.
The ecPulse.com analysis team affirms: “The sterling-dollar pair showed an incline on the daily chart, but on the 4-hour and 1-hour charts, the pair declined. The pound continued its rise for the fifth day on previous speculations the BoE will suspend stimulus on signs of recovery. “
19.10.2009 Forex: EUR/USD: Euro bounces at 1.4900 reaches day high at 1.4955
FXstreet.com (Barcelona) - Euro decline from session high at 1.4955 has found support at 1.4900 and the pair has rallied about 100 pips to re-test the top of the day's range at 1.4955 at the moment of writing.
If the Euro breaks above day-high at 1.4955, next resistance level will be 1.4970 (Oct 15 and 16 high) and above here, 1.4980 (Aug 13 08 high) and 1.5000.
On the downside, initial support level comes at 1.4900and below here, 1.4840/45 area (Oct 14,15 and 16 low), and 1.4790/00.l