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 had a bullish momentum yesterday, slipped above my bearish channel but price retreat to the downside indicating bullish continuation scenario is potential but don’t be too optimistic yet. We only have 2 options regarding the bearish channel break, whether it is a true breakout or a false breakout. If today price made another [...] http://www.ibtimes.com/articles/20091123/eurusd-forecast-slipped-above-bearish-channel-true-orfalse-breakout.htm http://www.ibtimes.com/articles/20091123/eurusd-forecast-slipped-above-bearish-channel-true-orfalse-breakout.htm Mon, 23 Nov 2009 21:43:16 EST EURJPY Forecast The EURJPY attempted to push higher yesterday, break above my first trendline resistance (blue), slipped above my second trendline resistance (red) but retreat to the downside. Like I said yesterday, only valid break above the second trendline resistance (red) should be considered as bearish scenario failure. The fact now show me that the break [...] http://www.ibtimes.com/articles/20091123/daily-forecast-for-crosses-november-24.htm http://www.ibtimes.com/articles/20091123/daily-forecast-for-crosses-november-24.htm Mon, 23 Nov 2009 21:32:41 EST GBPUSD Forecast: My CCI study gave us a valid signal about upside correction yesterday. Price topped at 1.6647 but failed to stay above 1.6600 area so far, keep my bearish scenario intact with technical bearish target remains at 1.6400 and 1.6250 area. The bias is neutral in nearest term but I still prefer a bearish scenario. [...] http://www.ibtimes.com/articles/20091123/gbpusd-daily-forecast-november-24.htm http://www.ibtimes.com/articles/20091123/gbpusd-daily-forecast-november-24.htm Mon, 23 Nov 2009 21:23:47 EST USDJPY Forecast: The USDJPY attempted to push lower yesterday, bottomed at 88.56 but still unable to escape from my range area of 89.40 – 88.80/60 so far. As you can see in my h4 chart below, the lower line of the range area has been tested more that the upper line indicating the pressure is [...] http://www.ibtimes.com/articles/20091123/usdjpy-daily-forecast-november-24.htm http://www.ibtimes.com/articles/20091123/usdjpy-daily-forecast-november-24.htm Mon, 23 Nov 2009 21:14:47 EST USDCHF Forecast The false breakout I told you yesterday gave us a valid signal of a significant bearish pressure. Price fell below 1.0120, bottomed at 1.0070 but found support at the minor trendline support area (aqua). Today, the battle is between that trendline support and 1.0120 resistance line. Break on either side should give us clearer [...] http://www.ibtimes.com/articles/20091123/usdchf-daily-forecast-november-24.htm http://www.ibtimes.com/articles/20091123/usdchf-daily-forecast-november-24.htm Mon, 23 Nov 2009 21:04:39 EST Simultaneous Release at www.thegeekknows.com Follow me on twitter MONDAY BLUE ! and to top it up, add in a side order of cough and upsize the aching body! Yes i have not recovered from my cough. duh. Consolation of the day? I hopped on to the train north since early Asian trading thanks to my trusty 3 koalas of The [...] http://www.ibtimes.com/articles/20091123/eur-usd-daily-review-23-nov-09.htm http://www.ibtimes.com/articles/20091123/eur-usd-daily-review-23-nov-09.htm Mon, 23 Nov 2009 11:29:27 EST Forexpros Daily Analysis Nov 23, Supplemental http://www.ibtimes.com/articles/20091123/forex-trading-forex-forex-brokers-forex-charts.htm http://www.ibtimes.com/articles/20091123/forex-trading-forex-forex-brokers-forex-charts.htm Mon, 23 Nov 2009 09:15:22 EST Forexpros.com Daily Analysis - 23/11/2009 http://www.ibtimes.com/articles/20091123/forex-trading-forex-forex-brokers-forex-charts-euro-dollar.htm http://www.ibtimes.com/articles/20091123/forex-trading-forex-forex-brokers-forex-charts-euro-dollar.htm Mon, 23 Nov 2009 08:57:32 EST This week began strong for commodities after last week selloff. Gold rallied Monday to new highs despite a stronger dollar, this is a major win for Gold as the long time correlation between gold and the USD seems to have finally been broken. It is hard to forecast where the gold market rally will end as gold is already in its all time high's and it seems it continues to break its previous highs every new week. http://www.ibtimes.com/articles/20091123/gold-continues-make-highs-1165.htm http://www.ibtimes.com/articles/20091123/gold-continues-make-highs-1165.htm Mon, 23 Nov 2009 07:47:35 EST USDINR : The Rupee depreciated against the USD in Friday's trading session to close at 46.63. This could lead to further pressure on the indian rupee as concern over decline in capital inflows could lead to choppy domestic equity markets.Rupee closing below its 21-Day EMA.14-Day RSI is at 51 levels.For the day, support is seen at 46.35/46.30 whereas resistance is seen at 46.80/46.90. (USDINR 46.50). Bullish. http://www.ibtimes.com/articles/20091123/.htm http://www.ibtimes.com/articles/20091123/.htm Mon, 23 Nov 2009 02:34:15 EST The EURUSD made another rejection to consistently move below 1.4820 key support level on Friday. This fact surely keep the major bullish scenario intact, but the bearish reversal scenario warning showed by double top pattern with peaks around 1.5062 area is also still valid and the bias should remains neutral as market is consolidating now. [...] http://www.ibtimes.com/articles/20091122/eurusd-forecast-remains-consolidating-with-neutral-bias-technical-study-and-levels-to-be-watched-tod.htm http://www.ibtimes.com/articles/20091122/eurusd-forecast-remains-consolidating-with-neutral-bias-technical-study-and-levels-to-be-watched-tod.htm Sun, 22 Nov 2009 22:08:33 EST EURJPY Forecast The EURJPY had a moderate bearish momentum on Friday, bottomed at 131.78 and closed at 132.03 but we had some upside rebound earlier today in Asian session as the pair traded higher around 132.50 at the time I wrote this comment. The bearish scenario should remains intact and at least we have two trendline [...] http://www.ibtimes.com/articles/20091122/daily-forecast-for-crosses-november-23.htm http://www.ibtimes.com/articles/20091122/daily-forecast-for-crosses-november-23.htm Sun, 22 Nov 2009 21:47:40 EST GBPUSD Forecast: The GBPUSD made another bearish momentum on Friday, bottomed at 1.6459 and closed at 1.6501. My bearish scenario is now confirmed with 1.6400 and 1.6250 as technical target. However we have some upside rebound earlier today in Asian session and CCI in oversold area and about to cross the -100 line up so watch [...] http://www.ibtimes.com/articles/20091122/gbpusd-daily-forecast-november-23.htm http://www.ibtimes.com/articles/20091122/gbpusd-daily-forecast-november-23.htm Sun, 22 Nov 2009 21:30:33 EST USDJPY Forecast: The USDJPY still trapped in range area of 89.40 – 88.80/60 area on Friday indicating consolidation. The bias remains neutral and my strategy remains the same, which is to buy around 88.80/70 area or to sell around 89.40 with a tight stop loss. Break on either side should give us clearer direction towards [...] http://www.ibtimes.com/articles/20091122/usdjpy-daily-forecast-november-23.htm http://www.ibtimes.com/articles/20091122/usdjpy-daily-forecast-november-23.htm Sun, 22 Nov 2009 21:13:01 EST USDCHF Forecast The USDCHF still trapped in range area of 1.0120 – 1.0207 on Friday. As you can see in my h4 chart below, price made a bearish momentum after false breakout above 1.0207 area. This fact should keep the bias remains neutral but the false breakout could lead to further downside pressure testing 1.0120 support [...] http://www.ibtimes.com/articles/20091122/usdchf-daily-forecast-november-23.htm http://www.ibtimes.com/articles/20091122/usdchf-daily-forecast-november-23.htm Sun, 22 Nov 2009 21:03:05 EST The euro has been squaring positions in a narrow band for the last 2weeks, screening almost 2figures only. The psycho-band150 is a tough play to be tradable and only a close back above 15012 ensures an uptrend formulation, which, sooner or later, it would happen as Gold is skyrocketing towards ForexSurvivor Long Term Target @1200. http://www.ibtimes.com/articles/20091122/kiwi-top-is-nadir.htm http://www.ibtimes.com/articles/20091122/kiwi-top-is-nadir.htm Sun, 22 Nov 2009 16:24:52 EST Simultaneous Release at www.thegeekknows.com Follow me on twitter Over the weeks, we have seen the gold rising in price while the US Dollar drops. So what is the current situation now. Why is the gold rising? 1) The US dollar is weakening. The US Dollar index, an index placing the US Dollar against a basket of other currencies, has [...] http://www.ibtimes.com/articles/20091122/clues-from-gold-about-the-us-dollar.htm http://www.ibtimes.com/articles/20091122/clues-from-gold-about-the-us-dollar.htm Sun, 22 Nov 2009 07:16:51 EST Simultaneous Release at www.thegeekknows.com Follow me on twitter Good day to all. In my previous weekly review, i commented that the EUR/USD may consolidate further and we did indeed. While the pair did see upside action at first, it fails later on to end the week in one of the important area that i look out for in my [...] http://www.ibtimes.com/articles/20091121/eur-usd-weekly-review-21-nov-09.htm http://www.ibtimes.com/articles/20091121/eur-usd-weekly-review-21-nov-09.htm Sat, 21 Nov 2009 03:00:18 EST The EURUSD made another downside attempted yesterday, slipped below 1.4820, bottomed at 1.4801 but still closed above 1.4820 at 1.4860. On my daily chart below, we can clearly see that 1.4820 has been providing a good support area as price bouncing to the upside after touched or slipped below that area. I have no doubt [...] http://www.ibtimes.com/articles/20091120/eurusd-weekly-summary-still-under-pressure-euro-able-to-stay-above4820-key-support-level.htm http://www.ibtimes.com/articles/20091120/eurusd-weekly-summary-still-under-pressure-euro-able-to-stay-above4820-key-support-level.htm Fri, 20 Nov 2009 20:23:48 EST Simultaneous Release at www.thegeekknows.com Follow me on twitter Good Friday Koalas!!!! i love Fridays. Finally i get time to read up on my forex. Friday however is not the safest of day to trade though. Seems like our ranging views are correct and the price tested 1.4800. While the EUR/USD seems to be ranging, S&P 500 seems to be giving up [...] http://www.ibtimes.com/articles/20091120/eur-usd-daily-review-20-nov-09.htm http://www.ibtimes.com/articles/20091120/eur-usd-daily-review-20-nov-09.htm Fri, 20 Nov 2009 11:46:35 EST