International Business News - Trading Strategy http://www.ibtimes.com/rss/feed/Trading%20Strategy.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/Trading%20Strategy.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif EUR/USD: The parity closed on the support line on its long bullish channel (black line). http://www.ibtimes.com/articles/20091108/eur-usd-weekly-technical-strategy-and-outlook-15-56-est.htm http://www.ibtimes.com/articles/20091108/eur-usd-weekly-technical-strategy-and-outlook-15-56-est.htm Sun, 08 Nov 2009 18:31:41 EST EUR/JPY: The current movements on the parity don't show a real trend. http://www.ibtimes.com/articles/20091108/eur-jpy-weekly-technical-strategy-and-outlook-15-56-est.htm http://www.ibtimes.com/articles/20091108/eur-jpy-weekly-technical-strategy-and-outlook-15-56-est.htm Sun, 08 Nov 2009 18:28:36 EST EUR/GBP: The parity is still into its short term bearish channel (purple lines). http://www.ibtimes.com/articles/20091108/eur-gbp-weekly-technical-strategy-and-outlook-15-57-cet.htm http://www.ibtimes.com/articles/20091108/eur-gbp-weekly-technical-strategy-and-outlook-15-57-cet.htm Sun, 08 Nov 2009 18:24:45 EST EUR/CHF: The parity ended the week on up and down movements between 1,5100 and 1,5125. http://www.ibtimes.com/articles/20091108/eur-chf-weekly-technical-strategy-and-outlook-15-57-cet.htm http://www.ibtimes.com/articles/20091108/eur-chf-weekly-technical-strategy-and-outlook-15-57-cet.htm Sun, 08 Nov 2009 18:21:51 EST AUD/USD: After the break out of its bullish slant, the parity took support on it to start a bullish rallye. http://www.ibtimes.com/articles/20091108/aud-usd-weekly-technical-strategy-and-outlook-15-28-cet.htm http://www.ibtimes.com/articles/20091108/aud-usd-weekly-technical-strategy-and-outlook-15-28-cet.htm Sun, 08 Nov 2009 18:17:18 EST XAU/USD: All indicators are bullish. The price is taking support on a bullish slant (black line). http://www.ibtimes.com/articles/20091108/xau-usd-weekly-technical-strategy-and-outlook-15-28-cet.htm http://www.ibtimes.com/articles/20091108/xau-usd-weekly-technical-strategy-and-outlook-15-28-cet.htm Sun, 08 Nov 2009 18:12:56 EST The euro/dollar trading consolidates in a short trading range ahead the key jobs report today. It is very important to see whether the U.S. economy is on the way to recover as hold the current job places. The forecasts show that Unemployment Rate may rise to 9.9% or even 10.0% as the forecast of forex-strategy.com. http://www.ibtimes.com/articles/20091106/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091106/forex-forecast-eur-usd.htm Fri, 06 Nov 2009 01:32:55 EST The Fed has decided yesterday that in spite of the recent improvement of the economic conditions and the better than expected growth rate of the third quarter, the economy is still in need of all of its easing stimulating policy steps further for storing confidence and improving the labor market conditions which can suffer further next year expecting the unemployment rate to get over 10%. The Fed's worries about the employment and this halting recovery were widely expected and there was no a maj... http://www.ibtimes.com/articles/20091105/current-market-sentiment11.htm http://www.ibtimes.com/articles/20091105/current-market-sentiment11.htm Thu, 05 Nov 2009 10:41:06 EST With a close above the 1.4844 level seen Wednesday following its recovery higher triggered off the 1.4701 level, potential for additional higher prices exist towards its Oct 27'09 high at 1.4926. In order for this view to hold the pair must maintain above the 1.4844 level but if that fails, downside pressure could shape towards the 1.4625 level ahead of its MT rising trendlinecurrently at 1.4593 where we expect a cap. http://www.ibtimes.com/articles/20091105/eur-usd-daily-technical-strategy-05-11.htm http://www.ibtimes.com/articles/20091105/eur-usd-daily-technical-strategy-05-11.htm Thu, 05 Nov 2009 09:17:59 EST Although a two-day rally started off the 1.6260 level has put GBP on an upside offensive, a decisive break and hold above the 1.6602 level, its Oct 29'09 high and the 1.6692 level, its Oct 23'09 high must occur to reduce its current SH downside risk. If this materializes the 1.6740 level, its Sept 11'09 high will be targeted with an eventual loss of there setting the stage for a retarget of its YTD high at 1.7041. http://www.ibtimes.com/articles/20091105/gbp-usd-daily-technical-strategies-05-11.htm http://www.ibtimes.com/articles/20091105/gbp-usd-daily-technical-strategies-05-11.htm Thu, 05 Nov 2009 09:14:43 EST The parity is currently on its resistance at 1.4850. 1.4900 has been touched in extension. This is only a break out of 1.4850 that will comfirm the change in trend and we will then advise to trade only long positions as far as 1.4850 is support. http://www.ibtimes.com/articles/20091105/eurusd-daily-technical-outlook-10-54-cet.htm http://www.ibtimes.com/articles/20091105/eurusd-daily-technical-outlook-10-54-cet.htm Thu, 05 Nov 2009 08:54:39 EST Following the break out of the resistance at 134, the parity stopped its bullish movement just below 136 (next resistance). Currently, the price is back below 134 is is giving a sell signal. http://www.ibtimes.com/articles/20091105/eurjpy-daily-technical-outlook-10-56-cet.htm http://www.ibtimes.com/articles/20091105/eurjpy-daily-technical-outlook-10-56-cet.htm Thu, 05 Nov 2009 08:52:42 EST The parity is testing the support line of its long term bullish channel (acting as resistance). This level match with the resistance at 0.90. So, we will advise to trade only short positions as far as the price is below 0.90. http://www.ibtimes.com/articles/20091105/gbpusd-daily-technical-outlook-10-58-cet.htm http://www.ibtimes.com/articles/20091105/gbpusd-daily-technical-outlook-10-58-cet.htm Thu, 05 Nov 2009 08:33:50 EST The parity is currently finding a strong resistance on 0.91. 0.9150 has been reached in extension but the pricde got back below 0.9100 thereafter. http://www.ibtimes.com/articles/20091105/audusd-daily-technical-outlook-11-01-cet.htm http://www.ibtimes.com/articles/20091105/audusd-daily-technical-outlook-11-01-cet.htm Thu, 05 Nov 2009 08:30:56 EST The parity stopped its movement below 1100. We advise to draw the fibonacci retracement of the last bullish movement to see levels of supports (located at 1081 (23.60%)). http://www.ibtimes.com/articles/20091105/xauusd-daily-technical-outlook-11-03-cet.htm http://www.ibtimes.com/articles/20091105/xauusd-daily-technical-outlook-11-03-cet.htm Thu, 05 Nov 2009 08:11:48 EST The dollar loses against the euro after and before the Fed decision to leave the interest rates unchanged. It was widely expecting Fed to leave the interest rates unchanged. The key moment that the traders expect was when Fed will start with interest rates rise. But the Fed not send clear signal when consider to start with interest rates rise. http://www.ibtimes.com/articles/20091105/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091105/forex-forecast-eur-usd.htm Thu, 05 Nov 2009 01:38:00 EST The buy signal has been given by the break out of the bearish slant in red. Currently, the price is testing the resistance at 1.66. The break out of this level will give a new buy signal. http://www.ibtimes.com/articles/20091104/gbp-usd-analyse-de-chart-et-signaux-23-26-cet.htm http://www.ibtimes.com/articles/20091104/gbp-usd-analyse-de-chart-et-signaux-23-26-cet.htm Wed, 04 Nov 2009 17:56:35 EST 0.7238 has been overran and gave us a new buy signal. Then, our objective at 0.7320 has been reached. We will still advise to trade only long positions as far as the fibonacci retracement 23.60% (0.7213) of the last bearish movement is support. http://www.ibtimes.com/articles/20091104/nzd-usd-daily-chartanalysis-23-23-cet.htm http://www.ibtimes.com/articles/20091104/nzd-usd-daily-chartanalysis-23-23-cet.htm Wed, 04 Nov 2009 17:24:58 EST 1.0617 has been testes but witout being broken and 1.0677 is still resistance. The analysis of yesterday is the same as today : 'We will advise to keep short positions as far as the level 23.60% (1.0714) of fibonacci retracement of the last bullish movement will be resistance. http://www.ibtimes.com/articles/20091104/usd-cad-daily-chartanalysis-23-18-cet.htm http://www.ibtimes.com/articles/20091104/usd-cad-daily-chartanalysis-23-18-cet.htm Wed, 04 Nov 2009 17:21:36 EST The parity got out of its bearish channel and 90.65 has been broken and that gave us a buy signal. So, we will now advise to trade only long positions as far as this level is support. http://www.ibtimes.com/articles/20091104/usd-jpy-daily-chartanalysis-22-56-cet.htm http://www.ibtimes.com/articles/20091104/usd-jpy-daily-chartanalysis-22-56-cet.htm Wed, 04 Nov 2009 17:15:26 EST