International Business News - Technicals http://www.ibtimes.com/subsection/forex/technicals.htm All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif AUDUSD breaks above 0.9541 previous high and up trend from 0.8953 resumes. Further rise to 1.0000 is now in favor. Initial support is at the up trend line and followed by 0.9275, as long as 0.9275 support holds, up trend will continue. 118043 http://www.ibtimes.com/articles/20080517/audusd-breaks-above-0-9541-previous-high.htm Sat, 17 May 2008 06:37:23 EDT Price on the AUD/NZD daily chart, as shown, has just bumped up against resistance within the context of a rather well-defined parallel uptrend channel. 117660 http://www.ibtimes.com/articles/20080516/chart-of-the-day-5-16-2008-aud-nzd.htm Fri, 16 May 2008 11:35:12 EDT Consumer climate is not at its best moment in the United States, University of Michigan Consumer Sentiment Index has deteriorated to its lowest level in almost 30 years, according to preliminary estimations by the University of Michigan. 117629 http://www.ibtimes.com/articles/20080516/us-reuters-u-michigan-consumer-sentiment-index-deteriorates-to-historic-lows-in-may.htm Fri, 16 May 2008 09:11:00 EDT EurUsd Euro is still in consolidation 1.5400 – 1.5600 range after a three weeks downtrend. Initial resistance hold 1.5571 Monday high. Pivot point holds 1.6000 resistance ahead of key resistance 1.6200 market target. On downside, psychological 117572 http://www.ibtimes.com/articles/20080516/the-risk-today-may-16.htm Fri, 16 May 2008 09:09:18 EDT The Yen rose across the board on Thursday as investors reduced demand for riskier assets such as stocks after a series of weak US economic data added to anxiety over the country's growth picture. Analysts said that while market indicators pointed to the 117571 http://www.ibtimes.com/articles/20080516/yen-rose-across-major-as-investors-reduced-demand-for-riskier-assets-after-a-series-of-weak-us-econo.htm Fri, 16 May 2008 09:08:45 EDT The situation of the US housing market seems to have improved somewhat in April, as both housing starts and building permits have shown considerable pick ups on the month, according to data released by the US Commerce Department. 117550 http://www.ibtimes.com/articles/20080516/us-housing-starts-improve-considerably-in-april.htm Fri, 16 May 2008 07:42:00 EDT The US Dollar descended sharply against the Japanese Yen, reaching 104.15, which is the first support for the currency couple today, than rose up to 108.85. Next support further down is expected at 103.45, followed by 102.60. In upward direction first resistance for today is expected at yerterday's mid day top 105.15. Next resistance upwards is expected at 103.45, followed by 102.60. 117458 http://www.ibtimes.com/articles/20080516/usd-jpy-technical-analysis-16-may-2008.htm Fri, 16 May 2008 07:07:41 EDT On the whole, while the broader bias remains to the upside, current price action still suggests a bearish short term trend. 117445 http://www.ibtimes.com/articles/20080516/daily-technical-strategist.htm Fri, 16 May 2008 05:27:39 EDT The British Pound rose insignificantly against the US Dollar and and reached 1.9522 this morning, which is the first resistance for today. If the positive sentiment continues, next resistance is expected at 1.9580, followed by 1.9630. In downward direction first support today is expected at yesterday's bottom 1.9400, followed by 1.9320, and 1.9250. 117441 http://www.ibtimes.com/articles/20080516/gbp-usd-technical-analysis-16-may-2008.htm Fri, 16 May 2008 04:37:18 EDT The trade balance between the Euro Area countries and the rest of the world has fallen well into the deficit side in March as exports decreased considerably while the volume of imports remained practically unchanged, as the latest report by Eurostat shows. 117443 http://www.ibtimes.com/articles/20080516/euro-zone-trade-balance-falls-into-deficit-in-march.htm Fri, 16 May 2008 04:18:00 EDT A slight slip in crude oil prices yesterday as global oil demand was forecasted to increase by 1.35% with a prior estimate of 1.40%. As there remains a global slowdown in economies and with the massive rise in prices lately, it is becoming harder on consumers and businesses to demand oil. The market... 117437 http://www.ibtimes.com/articles/20080516/technical-analysis-for-crude-oil-5-16-2008.htm Fri, 16 May 2008 03:50:02 EDT Despite euro's rebound after yesterday's selloff from 1.5547 to 1.5419, as long as said resistance holds, consolidation with downside bias remains for another fall and below 1.5396 would signal the rise from 1.5285 has indeed ended earlier at 1.5571 and extend weakness to 1.5365.On the upside, above... 117442 http://www.ibtimes.com/articles/20080516/eur-usd-daily-market-outlook.htm Fri, 16 May 2008 03:48:00 EDT The Pound declined yesterday against the Yen as the pair failed to breach the 205 levels and declined back today to the 203 levels, the pair however managed to rebound to the upside from the good support at 203.29 but if the pair declines below that level it could go back to the 202.74 level, while ... 117434 http://www.ibtimes.com/articles/20080516/technical-analysis-for-crosses-gbp-jpy-5-16-2008.htm Fri, 16 May 2008 03:44:01 EDT The Euro declined against the Yen yesterday and continued to move towards the downside today as well, on intraday basis the pair might further drop according to the momentum indicators as they indicates the pair might need to gather more momentum in order to gain back again, the level at 161.06 offe... 117433 http://www.ibtimes.com/articles/20080516/technical-analysis-for-crosses-eur-jpy-5-16-2008.htm Fri, 16 May 2008 03:44:01 EDT The Euro dropped back heavily yesterday after it couldn't breach the strong resistance at 0.7990 just ahead of its first target at 0.8000, the pair dropped back to gather more momentum that could take it to breach the 0.8000s and acquire even higher targets over the short term, now if the pair breac... 117432 http://www.ibtimes.com/articles/20080516/technical-analysis-for-crosses-eur-gbp-5-16-2008.htm Fri, 16 May 2008 03:44:01 EDT Retail sales have increased above expectations in March from the same month last year, in adjusted terms, with food drinks and tobacco posting the highest increment, according to the Swiss statistics office. 117438 http://www.ibtimes.com/articles/20080516/swiss-retail-sales-grow-considerably-in-march.htm Fri, 16 May 2008 02:33:00 EDT 1,5488. EUR USD is in a range between 1,5400 and 1,5570. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,5400 / 1,5570 range. We won't take a position. The risk/reward r... 117401 http://www.ibtimes.com/articles/20080516/eur-usd-euro-dollar-european-session-16-05-08.htm Fri, 16 May 2008 01:59:50 EDT The Euro Dollar continues trading sideways, according to the E-Forex team, these are the next resistance lines: "A break above 1.5595 preferably 1.5650 is needed to confirm a resume of the uptrend." On the downside, the E-Forex Team advances: "the downside should extend below 1.5360 to re-establish bearish structure on short-term studies. Intra-day support is seen at 1.5435, 1.5400 and 1.5365." 117425 http://www.ibtimes.com/articles/20080516/eur-usd-the-euro-is-looking-for-direction.htm Fri, 16 May 2008 01:56:00 EDT 1,9480. There is an horizontal range between 1,9425 and 1,9500. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is i... 117399 http://www.ibtimes.com/articles/20080516/gbp-usd-british-pound-dollar-european-session-16-05-08.htm Fri, 16 May 2008 01:55:30 EDT 1,0012. USD CAD is in a range between 0,9990 and 1,0070. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The p... 117398 http://www.ibtimes.com/articles/20080516/usd-cad-us-dollar-canadian-dollar-european-session-16-05-08.htm Fri, 16 May 2008 01:52:59 EDT