Forex Price Charts News
- British Pound Finds Support Near 16000 – Objective Near 16400 Tuesday, July 19, 2011 @ 9:59AM240 Minute Bars Prepared by Jamie Saettele, CMT The GBPUSD appears on the verge of breaking above its short term bearish channel. The rally from 15780 is sharp and impulsive and recent weakness held above 16000. A break above 16193 would shift focus to the 100% extension at 16418. It is worth noting that price carved out a key reversal week last week. Trend Strength (M,W,D) 0, 0, 0 Latest Video ...
http://biz.yahoo.com/fxcm/110719/1863645630.html?.v=1
- Jamie’s Pick: 07/19/11 Tuesday, July 19, 2011 @ 9:56AMThe bullish AUDUSD count in which the decline into 10390 completed a corrective 4th wave remains favored. The implications are for a 5th wave rally that ends above 11011. Price has held up early this week so the 2nd wave low is probably in place at 10525. Near term support is at 10650. DailyFX provides forex news on the economic reports and political events that influence the currency market ...
http://biz.yahoo.com/fxcm/110719/730924049.html?.v=1
- GBP/USD Classical Technical Report 07.19 Monday, July 18, 2011 @ 11:52PMGBP/USD: We classify the latest price action as some consolidation ahead of the next major downside extension with the market now looking to establish back below the 200-Day SMA and extend declines through next key support at 1.5750 further down. In the interim, look for any rallies to be well capped ahead below 1.6250 on a daily close basis. Back under 1.6000 helps to confirm and should ...
http://biz.yahoo.com/fxcm/110719/2101557272.html?.v=1
- Guest Commentary: Gold & Silver - Daily Outlook 07.18.2011 Monday, July 18, 2011 @ 10:18AMGold and silver kept on rising during last week, and they continue to do so this week. Today, the US TIC long term purchases report will be published; the Australian bank will make its decision on the overnight rate.
http://www.dailyfx.com/forex/fundamental/article/guest_commentary/2011/07/18/Guest_Commentary_Gold_and_Silver_Outlook_07.18.2011.html
- Crude at Short Term Trendline Support Monday, July 18, 2011 @ 10:12AMDaily Bars Prepared by Jamie Saettele, CMT The various degrees of trend in crude are at odds with another thus a larger sideways pattern is probably underway. The rally from the 2009 low is in 3 waves (which is corrective) and the 2 bull legs of the move are roughly equal. The decline however from this years high is also corrective. Price is currently testing short term trendline support ...
http://biz.yahoo.com/fxcm/110718/623369524.html?.v=1
- Forex: Euro Outlook Remains Bearish, Moody’s Talks Up BoE Rate Hike Monday, July 18, 2011 @ 8:18AMThe Euro struggled to hold its ground during the overnight trade and the single currency may continue to retrace the rebound from the previous week as European policy makers struggle to contain the sovereign debt crisis.
http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2011/07/18/Forex_Euro_Outlook_Remains_Bearish_Moodys_Talks_Up_BoE_Rate_Hike.html
- Swiss Franc and New Zealand Dollar Stand Out in Early Weekly Trade Monday, July 18, 2011 @ 6:18AMThe new week has kicked off with some wild price action and recent overdone trends have continued to show just how relentless they can be, with the Swiss franc rallying to fresh record highs against the Euro, Pound and US Dollar.
http://www.dailyfx.com/forex/technical/article/morning_slices/2011/07/18/Swiss_Franc_and_New_Zealand_Dollar_Stand_Out_In_Early_Weekly_Trade.html
- GBP/USD Classical Technical Report 07.18 Monday, July 18, 2011 @ 12:41AMGBP/USD: We classify the latest price action as some consolidation ahead of the next major downside extension with the market now looking to establish back below the 200-Day SMA and extend declines through next key support at 1.5750 further down. In the interim, look for any rallies to be well capped ahead below 1.6250 on a daily close basis. Back under 1.6000 helps to confirm and should ...
http://biz.yahoo.com/fxcm/110718/1846820727.html?.v=1
- NZD/USD Classical Technical Report 07.18 Monday, July 18, 2011 @ 12:41AMNZD/USD : Any sign of an intermediate top in this market is looking less pronounced with the price recently rallying back to fresh post float record highs by psychological barriers at 0.8500 However, we still consider the overall price action to be quite stretched and would therefore be looking for yet another topside failure ahead of an eventual bearish decline and shift in the overall ...
http://biz.yahoo.com/fxcm/110718/189053993.html?.v=1
- Forex: GBP/USD bearish in Asia Sunday, July 17, 2011 @ 8:27PMFXstreet.com (California) - GBP/USD has been ranging between 1.6135 and 1.6080 since opening the Asian trade at 1.6105, down from Friday's 1.6133 close. Technically speaking, "Trading
http://community.nasdaq.com/News/2011-07/forex-gbpusd-bearish-in-asia.aspx?storyid=85784
- Mary’s EURUSD Analysis Wins This Week’s Be Your Own Analyst Contest Friday, July 15, 2011 @ 2:38PMThis week’s winner used a combination of fundamental and technical analysis to forecast the coming weeks’ price action in the Euro-Dollar pair.
http://biz.yahoo.com/fxcm/110715/1154243091.html?.v=1
- GBP/USD Classical Technical Report 07.15 Friday, July 15, 2011 @ 12:42AMGBP/USD: We classify the latest price action as some consolidation ahead of the next major downside extension with the market now looking to establish back below the 200-Day SMA and extend declines through next key support at 1.5750 further down. In the interim, look for any rallies to be well capped ahead below 1.6250 on a daily close basis. Back under 1.6000 helps to confirm and should ...
http://biz.yahoo.com/fxcm/110715/1082611092.html?.v=1
- Fed Chair Significantly Downplays Prospects for Additional Easing Thursday, July 14, 2011 @ 11:48PMAll things considered, Thursday’s session of trade was relatively uneventful from a price action standpoint, with markets in the end, closing near their daily opening levels.
http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/opening_comment/2011/07/15/Fed_Chair_Significantly_Downplays_Prospects_for_Additional_Easing.html
- Guest Commentary: Oil Daily Outlook 07.14.2011 Thursday, July 14, 2011 @ 10:33AMOil prices changed direction and bounced back over the weak US dollar that fell probably due to the news of Moody's concerns over US debt and Bernanke's speech; according to recent US EIA report US petroleum stocks rose by 4.314 million barrels to decline as the Euro keeps on freefalling.
http://www.dailyfx.com/forex/fundamental/article/guest_commentary/2011/07/14/Guest_Commentary_Oil_Daily_Outlook_07.14.2011_.html
- Australian Dollar Cross Pick Thursday, July 14, 2011 @ 10:04AMAs the AUD/USD continues to trade below 1.0800, I expect the range-bound price action to carry into the following week, and I have placed an entry to sell the pair at 1.0721, the 10-Day SMA. I will maintain a soft target for the 100-Day SMA at 1.0501, while the stop will now be set to resistance at 1.0800. Should the entry get triggered later today, I will probably maintain the position heading ...
http://biz.yahoo.com/fxcm/110714/1415004738.html?.v=1
- Forex: U.S. Dollar Weakness Ahead, Euro At Risk Thursday, July 14, 2011 @ 8:48AMThe U.S. dollar continued to lose ground on Thursday and risk trends are likely to drive price action throughout the North American trade as market participants show a fairly muted reaction to the mixed batch of data coming out of the world’s largest economy.
http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2011/07/14/Forex_U.S._Dollar_Weakness_Ahead_Euro_At_Risk.html
- EUR/USD Classical Technical Report 07.14 Thursday, July 14, 2011 @ 12:20AMEUR/USD: Overall, price action remains quite bearish and we continue to like the idea of selling into rallies in anticipation of a more sizeable pullback below the 200-Day SMA. The longer-term moving average resides by the 1.3900 figure and a clear break below will open the door for a test of next key support in the 1.3750. In the interim, look for the formation of a fresh lower top somewhere ...
http://biz.yahoo.com/fxcm/110714/1046632083.html?.v=1
- British Pound Non Commercial Short Positions Highest in a Year Monday, July 11, 2011 @ 2:08PMNon commercial short British Pound positions have reached a level not seen since July 2010. This indicates a pivot point in time in which Cable weakness will either accelerate or price will bounce from the bottom of a larger range.
http://biz.yahoo.com/fxcm/110711/1493251694.html?.v=1
- Short GBPUSD, Sell EURUSD rallies Monday, July 11, 2011 @ 2:00PMMy GBPUSD short is working out well, but the pair has not broken key support decisively and there is legitimate risk of short-term correction here. Move stop to breakeven on the original position in order to protect against losses. The EURUSD is likewise at clear risk of a short-term correction, but I like playing further downside and selling rallies. Potential levels against which to get short ...
http://biz.yahoo.com/fxcm/110711/647506533.html?.v=1
- Bank Research Consensus Weekly 07.11.11 Monday, July 11, 2011 @ 11:33AMShort-Term Gain, Longer-Term Pain?
http://www.dailyfx.com/forex/fundamental/bank_research/2011/07/11/Bank_Research_Consensus_Weekly_07.11.11.html
- Guest Commentary: Gold & Silver - Daily Outlook 07.11.2011 Monday, July 11, 2011 @ 10:33AMGold price starts the week the same way it has ended the previous one with rises as the Euro and US economies continue to pose high risk.
http://www.dailyfx.com/forex/fundamental/article/guest_commentary/2011/07/11/Guest_Commentary_Gold_Silver_-_Daily_Outlook_07.11.2011.html
- Australian Dollar Cross Pick 07.11.2011 Monday, July 11, 2011 @ 10:24AMIndeed, the AUD/USD broke out of the narrow range carried over from the end of June, with the exchange rate clearing the 50-Day SMA (1.0647) as it slipped to a low of 1.0640. I am still looking to play the broader range from earlier this year, and we should see price action make another run at 1.0400 as the shift away from risk-taking behavior dampens the appeal of the high-yielding currency ...
http://biz.yahoo.com/fxcm/110711/1064043362.html?.v=1
- Australian Dollar Focus is on Support at 10600 Monday, July 11, 2011 @ 10:18AMThere are 2 counts to follow in the AUDUSD – one bullish and one bearish. Unfortunately, there is no way to know which one is correct until after the fact. There is potential support at 10550/10600 in the AUDUSD. As long as price is above there, I lean towards the bullish interpretation.
http://www.dailyfx.com/forex/technical/elliott_wave/aud-usd/2011/07/11/eliottWaves_aud-usd.html
- Jamie Pick 07/11/11 Monday, July 11, 2011 @ 10:16AMThe extremely bearish 1-2-i-ii count remains favored. The implications from the series of 1st and 2nd waves are for extended weakness below the December low of 12925. 13350-13450 is resistance if price rallies but understand that an extended 3rd wave decline maybe underway in which case the EURAUD is going into freefall. DailyFX provides forex news on the economic reports and political events ...
http://biz.yahoo.com/fxcm/110711/1252450817.html?.v=1
- Swiss Franc Nears Record Again – Reversal Pattern Remains Valid Monday, July 11, 2011 @ 10:10AM240 Minute Bars Prepared by Jamie Saettele, CMT After appearing on the verge of a breakout above 8550 before NFP, the USDCHF has plumm eted and focus is now on 8325 . A larger bottoming formation rem ains possible (inverse head and shoulders?) and this dip present s an opportunity. Price needs to exceed 8400 in order for confidence to return to the bull side . Trend Strength (M,W,D) ( 3 ), (2 ...
http://biz.yahoo.com/fxcm/110711/414270669.html?.v=1
- GBP/USD Classical Technical Report 07.11 Sunday, July 10, 2011 @ 11:51PMGBP/USD: Although the short-term structure remains bearish, setbacks seem to be well supported in the 1.5900s for now. However, we classify the latest price action as some bearish consolidation ahead of the next major downside extension with the market now looking to establish back below the 200-Day SMA and extend declines below next key support at 1.5750 further down. In the interim, look for ...
http://biz.yahoo.com/fxcm/110711/63664912.html?.v=1
- EUR/CHF Classical Technical Report 07.11 Sunday, July 10, 2011 @ 11:51PMEUR/CHF: Although the market has recently broken to yet another fresh record low by 1.1800, price action over the past few days is looking somewhat more constructive and could in fact be warning of the formation of a material base. Longer-term and medium-term studies are certainly looking quite stretched and a very promising bullish outside week formation a couple of weeks back after setting ...
http://biz.yahoo.com/fxcm/110711/1330651120.html?.v=1
- EUR/USD Classical Technical Report 07.11 Sunday, July 10, 2011 @ 11:51PMEUR/USD: Overall, medium-term price action remains quite choppy and we continue to like the idea of selling into rallies in anticipation of a more sizeable pullback below 1.4000. From here, look for the formation of a fresh lower top by 1.4580 ahead of the next downside extension to be confirmed on a break back below 1.3970 over the coming days. In the interim, look for intraday rallies to be ...
http://biz.yahoo.com/fxcm/110711/282422448.html?.v=1
- NZD/USD Classical Technical Report 07.11 Sunday, July 10, 2011 @ 11:51PMNZD/USD: Any sign of an intermediate top in this market is looking less pronounced with the price rallying back to fresh post float record highs beyond 0.8300. However, we still consider the overall price action to be quite stretched and would therefore be looking for yet another topside failure above 0.8300 ahead of an eventual bearish decline and shift in the overall construct of the market ...
http://biz.yahoo.com/fxcm/110711/1972209808.html?.v=1
- Safe-Haven Currencies Back in the Driver’s Seat Following NFPs Sunday, July 10, 2011 @ 11:33PMAny hopes for some positive momentum from Friday’s close into the new week were shattered after US NFPs came in substantially weaker than expected and left more question marks surrounding economic recovery prospects in the United States.
http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/opening_comment/2011/07/11/Safe_Haven_Currencies_Back_in_the_Drivers_Seat_Following_NFPs.html
- Forex: USD Weakness Could Be Short-Lived, All Eyes On EU Stress Test Friday, July 8, 2011 @ 9:18AMThe U.S. dollar pared the overnight advance following a dismal employment report and the greenback may continue to trade heavy throughout the remainder of the day as the new development portrays a slowing recovery in the world’s largest economy.
http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2011/07/08/Forex_USD_Weakness_Could_Be_Short-Lived_All_Eyes_On_EU_Stress_Test.html
- Gold 1559.30 Defines the Trend Friday, July 8, 2011 @ 8:33AMGold has reversed sharply but a bearish outcome remains possible as long as price is below 1559.30. It is worth considering a count in which the rally from 1463.50 completes a truncated 5 th wave (ending below 3 rd wave high).
http://www.dailyfx.com/forex/technical/elliott_wave/gold/2011/07/08/eliottWaves_gold_2.html
- GBP/USD Classical Technical Report 07.04 Sunday, July 3, 2011 @ 11:39PMGBP/USD: Although the short-term structure remains bearish, setbacks seem to be well supported in the 1.5900s for now. However, we classify the latest price action as some bearish consolidation ahead of the next major downside extension with the market now looking to establish back below the 200-Day SMA and extend declines below next key support at 1.5750 further down. In the interim, look for ...
http://biz.yahoo.com/fxcm/110704/1520976244.html?.v=1
- EUR/CHF Classical Technical Report 07.04 Sunday, July 3, 2011 @ 11:39PMEUR/CHF: Although the market has recently broken to yet another fresh record low by 1.1800, price action over the past few days is looking rather constructive and could in fact be warning of the formation of a material base. Longer-term and medium-term studies are certainly looking quite stretched and a very promising bullish outside week formation after setting record lows could very well offer ...
http://biz.yahoo.com/fxcm/110704/126660212.html?.v=1
- FX Technical Weekly: Swiss Franc Reversal Has Legs Friday, July 1, 2011 @ 3:18PMThere are several intriguing setups on the table for next week, including a NZDUSD short position from the current price.
http://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2011/07/01/FXTechWeekly070111.html
- U.S. Dollar Consolidation May Gather Pace Ahead Of NFP’s Friday, July 1, 2011 @ 1:33PMThe greenback struggled to maintain the overnight advance, with the Dow Jones-FXCM U.S. Dollar index paring the rally to 9614.59, and the reserve currency may trade heavy over the following week should market participants continue to raise their appetite for yields.
http://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2011/07/01/U.S._Dollar_Consolidation_May_Gather_Pace_Ahead_Of_NFPs.html
- Japanese Yen Long Term Trade Opportunity Thursday, June 30, 2011 @ 10:49AM240 Minute Bars Prepared by Jamie Saettele, CMT The USDJPY is attempting to turn higher as price above its 20 day average. A break above 8105 would signal the first break above a multi day pivot high since the decline that began in April. It is certainly worth noting that the USDPY has bounced from its 61.8% retracement twice in the last 2 months. A 3 rd wave advance may be underway if so, then ...
http://biz.yahoo.com/fxcm/110630/1262563786.html?.v=1
- Australian Dollar Soars 350 Pips in 4 Days 10775 Next Resistance Thursday, June 30, 2011 @ 10:49AMDaily Bars Prepared by Jamie Saettele, CMT The AUDUSD may be headed for fresh highs above 11000 in the coming month(s) (in a 5 th wave). Price continues to advance at a relentless pace and 10775 is on the verge of giving way. A pop through there should result in a pullback, which ideally proves corrective. Support would then be 10600/50. Trend Strength (M,W,D) 1, 0, 0 Latest Video Monthly ...
http://biz.yahoo.com/fxcm/110630/1466321400.html?.v=1
- British Pound Short Term Bearish Channel at Risk of Breaking Thursday, June 30, 2011 @ 10:49AM240 Minute Bars Prepared by Jamie Saettele, CMT The GBPUSD has broken below its trendline fro m the 2010 low and confirmed a head and shoulders top. Using the traditional head and shoulders measuring technique yields an objective near 15250 (distance between head and neckline subtracted from point of neckline break), which is near the late 2010 low of 15350. Price did reverse at short term ...
http://biz.yahoo.com/fxcm/110630/1480373592.html?.v=1
- Crude Already Reaches 9570 – Trendline Just Above Wednesday, June 29, 2011 @ 10:59AM60 Minute Bars Prepared by Jamie Saettele, CMT Recent comments were that it is possible that the recent plunge completed a small 5 th wave within the decline from 102.83. The implications are for a move back to 95.70 before the potential for additional weakness. Crude has already reached 95.70 and the rally is sharp and impulsive in nature. Trendline resistance is just above the current price ...
http://biz.yahoo.com/fxcm/110629/565767659.html?.v=1
- Australian Dollar At Risk Of Bearish Breakout Friday, June 24, 2011 @ 5:03PMThe bearish sentiment underlying the Australian dollar should gather pace in the week ahead as the shift away from risk-taking behavior continues to dampen demands for the higher-yielding currency.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/aud/2011/06/24/Australian_Dollar_At_Risk_Of_Bearish_Breakout.html
- CHF/JPY Ascending Channel Provides Swing Trading Opportunity Friday, June 24, 2011 @ 3:48PMThe Franc-Yen pair is particularly unique among the major currencies, as it represents two of the major safe haven currencies. The pair moves primarily on one gauge in markets denoted by risk-aversion: origin of sentiment.
http://www.dailyfx.com/forex/analyst_picks/pair_to_range_trade/2011/06/24/CHFJPY_Ascending_Channel_Provides_Swing_Trading_Opportunity.html
- S&P 500 Positions to Reverse Higher, Threatening US Dollar Thursday, June 23, 2011 @ 10:03PMS&P 500 – As we suspected yesterday , the pullback from resistance at 1292.51, the 38.2% Fibonacci retracement level, appears overwhelmingly corrective.
http://www.dailyfx.com/forex/technical/article/cross-market_technical_update/2011/06/24/SP_500_Positions_to_Reverse_Higher_Threatening_US_Dollar.html
- After a Successful Run with EURUSD and GBPUSD We Reevaluate Thursday, June 23, 2011 @ 7:35PMThe 'spread' trade we laid out between EURUSD and GPBUSD yesterday to take advantage of the dollar's tentative break (while looking to account for the lack of an underlying driver to carry the broader markets to a meaningful trend) played out nicely. With the setup, the objective is to take a long position and opposing short position on a specific currency or between two highly correlated pairs ...
http://biz.yahoo.com/fxcm/110623/543096133.html?.v=1
- U.S. Dollar Rally To Gather Pace, British Pound Threatens March Rebound Wednesday, June 22, 2011 @ 3:33PMThe USD regained its footing during the North American trade, with the Dow Jones-FXCM U.S. Dollar index bouncing back from a low of 9571.68, and the greenback may appreciate further against its major counterparts as the dovish comments from Fed Chairman Ben Bernanke weighs on risk sentiment.
http://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2011/06/22/U.S._Dollar_Rally_To_Gather_Pace_British_Pound_Threatens_March_Rebound.html
- Dovish Bernanke Weighs On Risk, U.S. Dollar Rebound To Gather Pace Wednesday, June 22, 2011 @ 2:10PMDovish comments from Fed Chairman Ben Bernanke have weighed on risk sentiment, and the U.S. dollar should continue to retain its footing as it benefits from safe-haven flows.
http://biz.yahoo.com/fxcm/110622/1911220736.html?.v=2
- NOK Could Rise on Interest Rate Differentials Tuesday, June 21, 2011 @ 10:43AMNOK Could Rise on Interest Rate Differentials
http://community.nasdaq.com/News/2011-06/nok-could-rise-on-interest-rate-differentials.aspx?storyid=81773
- Australian Dollar Awaits Break from Tightened Range Tuesday, June 21, 2011 @ 9:49AMThe slow grinding decline in the AUDUSD from above 11000 is viewed as wave A (leading diagonal or wedge to classical technicians). The secondary top is probably in place at 10774. Price should remain below 10715 if the larger trend is indeed down.
http://www.dailyfx.com/forex/technical/elliott_wave/aud-usd/2011/06/21/eliottWaves_aud-usd.html
- British Pound Bearish on Rallies Stance Still Warranted Tuesday, June 21, 2011 @ 9:49AMCable has broken below the trendline that has held price since the 2010 low. The drop warrants a ‘short on rallies’ approach.
http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2011/06/21/eliottWaves_gbp-usd.html
- Canadian Dollar Wedge Pattern – USDCAD Support Below 9670 Tuesday, June 21, 2011 @ 9:44AM240 Minute Bars Prepared by Jamie Saettele, CMT Several dojis in recent weeks indicate indecision in this market. With price still within its channel, I would respect potential downside. The advance from the 9444 low takes the form of a wedge. Wedges can form the first leg of a larger pattern but a larger retracement is common. As such, respect potential for a drop below 9670. Trend Strength (M ...
http://biz.yahoo.com/fxcm/110621/680269684.html?.v=1
