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 The dollar slowly recovered against the euro after better than expecting Existing Home Sales. The housing report was real surprise with much better level than the forecast. The dollar also recovery based on technical correction as the trading continue within the trading range of 1.48 and 1.50. http://www.ibtimes.com/articles/20091124/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091124/forex-forecast-eur-usd.htm Tue, 24 Nov 2009 01:31:28 EST The dollar losses about 100 pips against the euro during the Asian session. The losses were based on technical correction. The trading will remain within the trading range of 1.48 and 1.50. The trading expectations today is first to see levels close to 1.50 as later to see new correction downward back to 1.49 or even below. http://www.ibtimes.com/articles/20091123/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091123/forex-forecast-eur-usd.htm Mon, 23 Nov 2009 01:33:37 EST It is mix trading with clearer view of consolidation process close to 1.49. It is necessary major event to move the trading out of the current consolidation. We expect to see movements into both directions today. The trading strategy is to trade in a short range. http://www.ibtimes.com/articles/20091120/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091120/forex-forecast-eur-usd.htm Fri, 20 Nov 2009 01:31:07 EST The euro trades higher today as it managed to return into the mid 1.49 region on yesterday but gains have been limited into the 1.4990 zone by the falling trend line coming from 1.5045 through Monday's top at 1.5015. http://www.ibtimes.com/articles/20091119/eurusd-gbpusd-and-nzdusd-daily-oulook-11-19-09.htm http://www.ibtimes.com/articles/20091119/eurusd-gbpusd-and-nzdusd-daily-oulook-11-19-09.htm Thu, 19 Nov 2009 05:03:39 EST The dollar slowly recovered against the euro during the Asian session. But the recovery is weak and may lose the recent gains too fast today. As overall the tendency is for consolidation at the levels between 1.49 and 1.50. http://www.ibtimes.com/articles/20091119/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091119/forex-forecast-eur-usd.htm Thu, 19 Nov 2009 01:35:00 EST Despite its inability to head higher on Tuesday, EUR still retains its medium term bullish structure suggesting its current price hesitation is corrective. Though currently vulnerable following its sell off on Tuesday, a break below its longer term rising trendlinecurrently at 1.4716 and the 1.4625 level, its Nov 03'09 low must occur to put our medium term upside view on hold and bring further downside pressure to the downside at its Oct 02'09 low at 1.4479. http://www.ibtimes.com/articles/20091118/eur-usd-daily-technical-strategy-18-11.htm http://www.ibtimes.com/articles/20091118/eur-usd-daily-technical-strategy-18-11.htm Wed, 18 Nov 2009 09:06:35 EST A fresh decline into the lower 1.48 region occurred on yesterday but key support layer into the 1.4820-1.4850 range is intact as the euro recovered some of its losses. Although short-term sentiment has weaken, an extended recovery may develop as long as 1.4820/50 is intact. Minor resistance is formed around 1.4930, followed by a more notable barrier near 1.4980 - formed by the falling trend line coming from 1.5045 through Monday's top side at 1.5015. A sustained breach above 1.4930 is needed to ... http://www.ibtimes.com/articles/20091118/eurusd-and-nzdusd-daily-outlook-11-18-09.htm http://www.ibtimes.com/articles/20091118/eurusd-and-nzdusd-daily-outlook-11-18-09.htm Wed, 18 Nov 2009 08:24:08 EST The dollar made slowly recovery against the euro after the Bernanke speech. The Fed probably will leave the interest rates at the current level for longer time that make the dollar not attractive currency. But the weak dollar is positive for the United States export that is necessary to help to overall economy. http://www.ibtimes.com/articles/20091118/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091118/forex-forecast-eur-usd.htm Wed, 18 Nov 2009 01:37:34 EST The parity stopped its bullish movement. The price is making a pullback on 1.4900. A break out of this level will offer a sell signal. We maintain our former analysis : To trade only long positions as far as the price is above 1.4850. http://www.ibtimes.com/articles/20091117/eurusd-daily-technical-outlook-13-01-cet.htm http://www.ibtimes.com/articles/20091117/eurusd-daily-technical-outlook-13-01-cet.htm Tue, 17 Nov 2009 10:43:01 EST The parity is currenlty testing a break out of the support at 133. The slant which is giving support to the price is also tested. If these break outs are validated, we will advise to trade only short positions on the parity. http://www.ibtimes.com/articles/20091117/eurjpy-daily-technical-outlook-13-03-cet.htm http://www.ibtimes.com/articles/20091117/eurjpy-daily-technical-outlook-13-03-cet.htm Tue, 17 Nov 2009 10:39:49 EST The parity is currently testing a break out of the support at 0.8900. As far as the price is below this level, we will advise to trade only short positions. http://www.ibtimes.com/articles/20091117/eurgbp-daily-technical-outlook-13-04-cet.htm http://www.ibtimes.com/articles/20091117/eurgbp-daily-technical-outlook-13-04-cet.htm Tue, 17 Nov 2009 10:34:05 EST The parity is currently testing a break out of the bearish channel. The price is back above 1.5100. We will advise to trade only long positions as far as the price is above 1.5100. http://www.ibtimes.com/articles/20091117/eurchf-daily-technical-outlook-13-05-cet.htm http://www.ibtimes.com/articles/20091117/eurchf-daily-technical-outlook-13-05-cet.htm Tue, 17 Nov 2009 10:30:41 EST The last highest reached is around 0.9400. We will consider this level as a resistance. Currenlty, the price is testing a break out of 0.9300. If the break out is validated, we will advise to trade only short positions as far as the price is below 0.9300. If the price get back above 0.9300, long positions will be then advise. http://www.ibtimes.com/articles/20091117/audusd-daily-technical-outlook-13-07-cet.htm http://www.ibtimes.com/articles/20091117/audusd-daily-technical-outlook-13-07-cet.htm Tue, 17 Nov 2009 10:28:52 EST The pair was seen threatening further upside in early trading today reversing its intra day losses off 1.6795 and targeting its immediate resistance residing at the 1.6875 level(Nov 16.09 high). This is coming on the heels of its Monday rally off the 1.6667 level to close higher at 1.6820. GBP remains biased to the upside medium term while holding above its longer term trendline(red) and its major emaswith another support provide by its short term rising trendlinecurrently at 1.6681. A follow th... http://www.ibtimes.com/articles/20091117/gbpusd-daily-technical-strategies-17-11.htm http://www.ibtimes.com/articles/20091117/gbpusd-daily-technical-strategies-17-11.htm Tue, 17 Nov 2009 08:05:42 EST Bernanke signal to the markets that the interest rates may leave as low as 0.25% for longer period while the jobs market remains in worse situation for the last decades. These words were enough for the traders to continue with the trading close to 1.50. It seems that Bernanke do not want strong dollar. He talks for strong dollar but doing reverse. http://www.ibtimes.com/articles/20091117/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091117/forex-forecast-eur-usd.htm Tue, 17 Nov 2009 01:39:52 EST The euro is grinding higher today, extending Friday's gains into the 2nd half of the 1.49 area. Both short term and intra-day charts are plotting positive momentum as the euro managed to breach above the 50% retracement level of the down leg from 1.5045 to 1.4820 - at 1.4935 and 61.8% respectively at 1.4960. Former intra-day resistance layer into the 1.4910/35 region provides the first support today and may limit downside price action, keeping the uptrend intact. Below the said support, bias ret... http://www.ibtimes.com/articles/20091116/eurusd-gbpusd-and-nzdusd-daily-oulook-11-16-09.htm http://www.ibtimes.com/articles/20091116/eurusd-gbpusd-and-nzdusd-daily-oulook-11-16-09.htm Mon, 16 Nov 2009 06:37:39 EST The dollar started the new business week with lose against the majors include euro. The main reason for the dollar losses is the Obama visit in China. The United States and China negotiation over exchange rates at a meeting of Asia Pacific leaders on Sunday, a move that quashed speculation China may allow some further Yuan appreciation in coordination with Obama's first trip to Beijing. http://www.ibtimes.com/articles/20091116/forex-forecast-eur-usd.htm http://www.ibtimes.com/articles/20091116/forex-forecast-eur-usd.htm Mon, 16 Nov 2009 01:31:01 EST Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won't occur within the coming days - such break confirming that the corrective move to 1.4825/50 has ended, hence bringing the upper territory of 1.5050-1.5100 in focus. As long as the rising trend channel plotted in the daily chart below remains intact, expectations are pointing towards 1.5200... http://www.ibtimes.com/articles/20091115/eurusd-nzdusd-usdcad-and-eurchf-short-term-outlook.htm http://www.ibtimes.com/articles/20091115/eurusd-nzdusd-usdcad-and-eurchf-short-term-outlook.htm Sun, 15 Nov 2009 14:39:10 EST Support and Resistance Levels for EURUSD, USDCHF, GBPUSD, USDJPY, EURCHF, EURGBP, AUDUSD, NZDUSD, USDCAD http://www.ibtimes.com/articles/20091115/support-and-resistance-levels.htm http://www.ibtimes.com/articles/20091115/support-and-resistance-levels.htm Sun, 15 Nov 2009 11:12:22 EST The euro pulled back on yesterday but remains supported by 1.4850. Since it failed to bounce off the said support, returning into the higher half of the 1.49 territory, fears of more downside action are increasing and sentiment remains bearish - a break above 1.4930/50 being required to regain upside momentum. http://www.ibtimes.com/articles/20091113/eurusd-daily-outlook-11-13-09.htm http://www.ibtimes.com/articles/20091113/eurusd-daily-outlook-11-13-09.htm Fri, 13 Nov 2009 07:51:03 EST