International Business News - Technicals Commentaries http://www.ibtimes.com/rss/feed/technicalscommentaries.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/technicalscommentaries.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif The EURUSD bullish momentum was paused after worse than expected NFP and unemployment numbers. However, I think yesterday’s movement was indecisive. I am not sure whether that was caused by not enough surprise between expected and actual number or lower NFP and increasing unemployment rate already anticipated and priced in the market. Overall, I personally [...] http://www.ibtimes.com/articles/20091106/eurusd-weekly-summary-bullish-paused-after-nfp-and-unemployment-rate-technically-upside-scenario-rem.htm http://www.ibtimes.com/articles/20091106/eurusd-weekly-summary-bullish-paused-after-nfp-and-unemployment-rate-technically-upside-scenario-rem.htm Fri, 06 Nov 2009 20:26:44 EST Simultaneous Release at www.thegeekknows.com Follow me on twitter A good day to you! How was your mambo jumbo NFP ride? It was almost hundred pips of whipsaw. The non farm payroll in US came out slightly worst than expected and with that, it pushes the unemployment rate in the US to 10.2% As we can see. the S&P 500 [...] http://www.ibtimes.com/articles/20091106/eur-usd-eases-off.htm http://www.ibtimes.com/articles/20091106/eur-usd-eases-off.htm Fri, 06 Nov 2009 13:53:48 EST One of the big events for me this week was the alteration the Fed made in their statement from the September meeting, and I think it will help provide a huge advantage in trading. Unlike the single-mandate European Central Bank, which is responsible only for maintaining price stability (controlling inflation), the Fed has what’s called a [...] http://www.ibtimes.com/articles/20091106/what-the-fed-said-will-help-your-trading.htm http://www.ibtimes.com/articles/20091106/what-the-fed-said-will-help-your-trading.htm Fri, 06 Nov 2009 07:49:28 EST With continues rally in stocks the Dollar weakened as investors wait for today\'s payrolls data. http://www.ibtimes.com/articles/20091106/daily-review-usd-dollar-usd.htm http://www.ibtimes.com/articles/20091106/daily-review-usd-dollar-usd.htm Fri, 06 Nov 2009 04:11:41 EST The EURUSD peaked at 1.4917 after an optimistic statement about Euro economy outlook from the ECB, but closed lower at 1.4871, formed a Doji on daily chart indicating indecisive movement. While my technical outlook remains bullish with 1.5060 and 1.5300 as potential target, I think the market is waiting for NFP and unemployment rate today, [...] http://www.ibtimes.com/articles/20091105/eurusd-forecast-indecisive-after-ecb-technical-outlook-remains-bullish-potential-scenarios-on-nfp.htm http://www.ibtimes.com/articles/20091105/eurusd-forecast-indecisive-after-ecb-technical-outlook-remains-bullish-potential-scenarios-on-nfp.htm Thu, 05 Nov 2009 21:53:26 EST EURJPY Forecast The EURJPY attempted to push lower, slipped below my trendline support, bottomed at 133.35 but whipsawed to the upside and closed higher at 134.95. Another technical mess Although this fact indicating potential upside scenario with 136.08 as potential target, I still prefer to stand aside for now until all these noises from [...] http://www.ibtimes.com/articles/20091105/daily-forecast-for-crosses-november-06.htm http://www.ibtimes.com/articles/20091105/daily-forecast-for-crosses-november-06.htm Thu, 05 Nov 2009 21:42:22 EST GBPUSD Forecast: The GBPUSD also indecisive yesterday. The BoE decided to increase the quantitative easing program by £25bn to £200bn. Although the QE program was expanded,  the Sterling edges higher as market expected a £50bn expansion. On h4 chart below, we can see that the price still able to stay above my triangle indicating potential bullish continuation [...] http://www.ibtimes.com/articles/20091105/gbpusd-daily-forecast-november-06.htm http://www.ibtimes.com/articles/20091105/gbpusd-daily-forecast-november-06.htm Thu, 05 Nov 2009 21:30:17 EST USDJPY Forecast: The USDJPY attempted to push lower yesterday, bottomed at 89.98 but whipsawed to the upside and closed higher at 90.74. This fact indicating that potential upside pressure is still alive and kicking with the lower line of the bullish channel remains potential resistance area to be tested. On the downside, I have a [...] http://www.ibtimes.com/articles/20091105/usdjpy-daily-forecast-november-06.htm http://www.ibtimes.com/articles/20091105/usdjpy-daily-forecast-november-06.htm Thu, 05 Nov 2009 21:22:12 EST USDCHF Forecast Similar to EURUSD and GBPUSD, the USDCHF was indecisive yesterday. On my h4 chart below we can see that the pair still struggling around the lower line of the range area at 1.0166. I think we are in no trading zone now. Technically I still prefer a bearish scenario after false breakout on Tuesday [...] http://www.ibtimes.com/articles/20091105/usdchf-daily-forecast-november-06.htm http://www.ibtimes.com/articles/20091105/usdchf-daily-forecast-november-06.htm Thu, 05 Nov 2009 21:11:33 EST Simultaneous Release at www.thegeekknows.com Follow me on twitter Good day to all. The EUR/USD did move up a bit. As we get closer towards the NON FARM PAYROLL MAMBO JUMBO, i will be looking towards booking profits for my short term trades. The currency pair climbs up and tests 1.4910+. Having done so, it retreats to just below 1.4900. S&P500 enjoys [...] http://www.ibtimes.com/articles/20091105/eur-usd-climbs-up.htm http://www.ibtimes.com/articles/20091105/eur-usd-climbs-up.htm Thu, 05 Nov 2009 11:44:52 EST Forexpros.com Daily Analysis - 05/11/2009 http://www.ibtimes.com/articles/20091105/forex-trading-forex-forex-brokers-forex-charts-euro-dollar.htm http://www.ibtimes.com/articles/20091105/forex-trading-forex-forex-brokers-forex-charts-euro-dollar.htm Thu, 05 Nov 2009 06:17:30 EST by Johan Kriek (jkriek@fxinstructor.com) Key events today: 12:00PM GMT – BoE rate decision —————————————– If the Bank of England raises interest rates, we could see the Pound shoot for the stars If the Bank of England lowers interest rates, we could see how the Pound gets pounded. I will not be surprised if we see a cut. Remember the low [...] http://www.ibtimes.com/articles/20091105/what-is-the-direction-of-highest-probability-today-05-11-09.htm http://www.ibtimes.com/articles/20091105/what-is-the-direction-of-highest-probability-today-05-11-09.htm Thu, 05 Nov 2009 00:55:16 EST The EURUSD failed to continue it’s bearish momentum yesterday, even the Fed statement was flat, nothing significant. The way I see it, market opinion was that the economy recovery is still in the right track. The Fed also said that it will keep the rates near zero for “an extended period” which make the Dollar [...] http://www.ibtimes.com/articles/20091104/eurusd-forecast-euro-fight-back-after-fomc-technically-false-breakdown-might-lead-to-further-bullish.htm http://www.ibtimes.com/articles/20091104/eurusd-forecast-euro-fight-back-after-fomc-technically-false-breakdown-might-lead-to-further-bullish.htm Wed, 04 Nov 2009 21:56:50 EST EURJPY Forecast The EURJPY was technically a mess yesterday. Like I said, with important economic data and events this week, technical failure is not a big surprise and I think it’s not the best time to trade now. On h4 chart below we can see that once again, price break above the trendline but we have [...] http://www.ibtimes.com/articles/20091104/daily-forecast-for-crosses-november-05.htm http://www.ibtimes.com/articles/20091104/daily-forecast-for-crosses-november-05.htm Wed, 04 Nov 2009 21:46:42 EST GBPUSD Forecast: The Sterling was also benefit from Dollar bearish after FOMC yesterday, topped at 1.6596 and closed at 1.6555. Technically on h4 chart below we can see that my triangle has been violated to the upside indicating potential further bullish scenario at least towards 1.6700 area before re-testing 1.7042.  Immediate support at 1.6520/00 area. Break [...] http://www.ibtimes.com/articles/20091104/gbpusd-daily-forecast-november-05.htm http://www.ibtimes.com/articles/20091104/gbpusd-daily-forecast-november-05.htm Wed, 04 Nov 2009 21:37:34 EST USDJPY Forecast: The USDJPY had a bullish momentum yesterday, topped at 91.31 but closed lower at 90.84. On h4 chart below we can see that my minor trendline support (former resistance, yellow) did a good job preventing bearish attack. This fact threat  my bearish outlook for sure and the lower line of the bullish channel [...] http://www.ibtimes.com/articles/20091104/usdjpy-daily-forecast-november-05.htm http://www.ibtimes.com/articles/20091104/usdjpy-daily-forecast-november-05.htm Wed, 04 Nov 2009 21:30:20 EST USDCHF Forecast The false breakout from the range area on Tuesday proved to lead further bearish momentum for the USDCHF yesterday, bottomed at 1.0125 and closed at 1.0147. However, early today in Asian session the pair rebound to the upside and now back inside the range area. Although I prefer a bearish scenario at this phase, [...] http://www.ibtimes.com/articles/20091104/usdchf-daily-forecast-november-05.htm http://www.ibtimes.com/articles/20091104/usdchf-daily-forecast-november-05.htm Wed, 04 Nov 2009 21:17:40 EST Simultaneous Release at www.thegeekknows.com Follow me on twitter Hi Guten Tag bonjour konnichi wa moin moin boa tarde buenas tardes vanakkam ok my first attempt to be international! Sorry if i did not include your hello but if i do all, my post will be pages!! hmm i better stick to. Hello folks! How is the day treating you? Fine [...] http://www.ibtimes.com/articles/20091104/eur-usd-ping-pong.htm http://www.ibtimes.com/articles/20091104/eur-usd-ping-pong.htm Wed, 04 Nov 2009 12:00:31 EST Forexpros.com Daily Analysis - 04/11/2009 http://www.ibtimes.com/articles/20091104/forex-trading-forex-forex-brokers-forex-charts-euro-dollar.htm http://www.ibtimes.com/articles/20091104/forex-trading-forex-forex-brokers-forex-charts-euro-dollar.htm Wed, 04 Nov 2009 07:08:20 EST by Johan Kriek (jkriek@fxinstructor.com) Ever wondered how I conduct a Probability Study? Well, I made a video just for you! Just remember: The market moves in three trends – Major, Current and 60minute trends. The 60minut trend indicates the direction of highest probability If you are disciplined enough to ONLY execute your trading system in the direction of highest [...] http://www.ibtimes.com/articles/20091104/04-november-09-how-to-conduct-your-own-probability-study.htm http://www.ibtimes.com/articles/20091104/04-november-09-how-to-conduct-your-own-probability-study.htm Wed, 04 Nov 2009 06:36:24 EST