http://www.rebatefx.com/forum/ Wed, 10 Mar 2010 05:08:10 +0000 MyBB http://www.rebatefx.com/forum/showthread.php?tid=6992 Tue, 09 Mar 2010 14:04:52 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6992 http://www.thegeekknows.comGood day to you!Today is the second day of trading and i hope you are building your way to a week in GREEN So far the week had been pretty quiet with the absence of any major economic release.Looking at the EUR/USD, in view of the light activity in the data cabinet, the currency pair remains in a narrow range.After the great bullish run up, the S&P 500 currently hovers around the 1140 resistance. A break above here will probably require strong sentiments.Oil is currently around $79. Likewise, a break and hold above $80 will probably need a strong drive of sentiments.Gold continues to fall in value and is currently trading around $1117+.***While the data department is light today, trust the forex koala to share with you insights you may never know The Greek Prime Minister is meeting the US President today and the agenda is reported to include the discussion of support from the US against "unprincipled speculators". While this may buy time, i feel that this fact of having speculators is the nature of the free market. While it may be "unprincipled" it is ultimately still a form of sentiment and sentiment IS equal to the market.The unfortunate issue here is that Greece is at the receiving end of negative sentiments.Today an European Central Bank council member said that the ECB could accept lower rated bonds as collateral as long as an appropriate pricing of premium was applied due to the additional risk. If this policy is materialized, it may open up relief for Greece as the problem of a potential cut in it's rating may no longer result in a loss of access to the ECB.Equities all over the world are rather bearish as a number of earnings fell short of expectation.Do be on a look out for risk aversion.Although we have economic data due from both sides of the Atlantic tomorrow, these are expected to have no major impact in the immediate momentum of the price action. Nonetheless, do plan your trades well and be on the lookout for unexpected developments. Check out the economic calender for more details.Bullish return may see us heading towards 1.3600/80.Further bearish attacks may test the support of 1.3550/1.3455.***Alright. 2 down, 3 to go before it is the weekends. Looking forward to some valuable time to do an article or two. Remember our goal! Finish the week GREEN!Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Tue, 09 Mar 2010 08:14:41 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.thegeekknows.comGood day to you!Today is the second day of trading and i hope you are building your way to a week in GREEN So far the week had been pretty quiet with the absence of any major economic release.Looking at the EUR/USD, in view of the light activity in the data cabinet, the currency pair remains in a narrow range.After the great bullish run up, the S&P 500 currently hovers around the 1140 resistance. A break above here will probably require strong sentiments.Oil is currently around $79. Likewise, a break and hold above $80 will probably need a strong drive of sentiments.Gold continues to fall in value and is currently trading around $1117+.***While the data department is light today, trust the forex koala to share with you insights you may never know The Greek Prime Minister is meeting the US President today and the agenda is reported to include the discussion of support from the US against "unprincipled speculators". While this may buy time, i feel that this fact of having speculators is the nature of the free market. While it may be "unprincipled" it is ultimately still a form of sentiment and sentiment IS equal to the market.The unfortunate issue here is that Greece is at the receiving end of negative sentiments.Today an European Central Bank council member said that the ECB could accept lower rated bonds as collateral as long as an appropriate pricing of premium was applied due to the additional risk. If this policy is materialized, it may open up relief for Greece as the problem of a potential cut in it's rating may no longer result in a loss of access to the ECB.Equities all over the world are rather bearish as a number of earnings fell short of expectation.Do be on a look out for risk aversion.Although we have economic data due from both sides of the Atlantic tomorrow, these are expected to have no major impact in the immediate momentum of the price action. Nonetheless, do plan your trades well and be on the lookout for unexpected developments. Check out the economic calender for more details.Bullish return may see us heading towards 1.3600/80.Further bearish attacks may test the support of 1.3550/1.3455.***Alright. 2 down, 3 to go before it is the weekends. Looking forward to some valuable time to do an article or two. Remember our goal! Finish the week GREEN!Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Tue, 09 Mar 2010 08:14:41 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6987 Mon, 08 Mar 2010 20:17:43 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6987 The EURUSD attempted to push higher yesterday, topped at 1.3703 but closed lower at 1.3632. The bias is neutral both in nearest and medium term as price still consolidating. The bullish correction scenario after rejection from 1.3450/30 (triple bottom) remains intact as price still move inside the minor bullish channel with 1.3750 - 1.3850 as corrective target but still in a major bearish scenario. Immediate support at 1.3580 area. Break below that area could trigger further bearish momentum re-testing 1.3450/35 area but only clear break below 1.3450/35 area can be seen as bearish continuation confirmation targeting 1.3100 area.

Posted on Mon, 08 Mar 2010 18:25:43 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The EURUSD attempted to push higher yesterday, topped at 1.3703 but closed lower at 1.3632. The bias is neutral both in nearest and medium term as price still consolidating. The bullish correction scenario after rejection from 1.3450/30 (triple bottom) remains intact as price still move inside the minor bullish channel with 1.3750 - 1.3850 as corrective target but still in a major bearish scenario. Immediate support at 1.3580 area. Break below that area could trigger further bearish momentum re-testing 1.3450/35 area but only clear break below 1.3450/35 area can be seen as bearish continuation confirmation targeting 1.3100 area.

Posted on Mon, 08 Mar 2010 18:25:43 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6988 Mon, 08 Mar 2010 20:17:43 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6988 As you can see on h4 chart below, the EURJPY failed to continue its bullish momentum yesterday after rejection to move consistently above the trendline resistance. This fact could produce a false breakout scenario which not only could trigger bearish momentum towards 121.70 area but also a potential threat to the bullish correction scenario. Immediate resistance at 123.50. Break above that area could trigger further upside pressure re-testing the trendline resistance. Clear break above the trendline resistance should trigger further bullish scenario targeting 123.15 region.GBPJPY Forecast
The GBPJPY failed to continue its bullish correction momentum yesterday after found resistance at the trendline, as you can see on my h4 chart below. This fact not only keep the major bearish scenario intact but could put the bullish correction scenario to its end targeting 134.70 before re-testing 132.00 area. Immediate resistance at 136.50. Break above that area and a violation to the trendline resistance could lead us into a new bullish phase in medium term.AUDUSD Forecast
The AUDUSD didn't make significant movement yesterday. The bias is neutral in nearest term and technical levels to be watched today is 0.9140 and 0.9040. Break on either side can give us a clearer direction towards 0.9326 area or testing the trendline support and 0.8910 area. As long as price stay above the trendline support, the bullish scenario should remain intact.

Posted on Mon, 08 Mar 2010 18:16:50 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> As you can see on h4 chart below, the EURJPY failed to continue its bullish momentum yesterday after rejection to move consistently above the trendline resistance. This fact could produce a false breakout scenario which not only could trigger bearish momentum towards 121.70 area but also a potential threat to the bullish correction scenario. Immediate resistance at 123.50. Break above that area could trigger further upside pressure re-testing the trendline resistance. Clear break above the trendline resistance should trigger further bullish scenario targeting 123.15 region.GBPJPY Forecast
The GBPJPY failed to continue its bullish correction momentum yesterday after found resistance at the trendline, as you can see on my h4 chart below. This fact not only keep the major bearish scenario intact but could put the bullish correction scenario to its end targeting 134.70 before re-testing 132.00 area. Immediate resistance at 136.50. Break above that area and a violation to the trendline resistance could lead us into a new bullish phase in medium term.AUDUSD Forecast
The AUDUSD didn't make significant movement yesterday. The bias is neutral in nearest term and technical levels to be watched today is 0.9140 and 0.9040. Break on either side can give us a clearer direction towards 0.9326 area or testing the trendline support and 0.8910 area. As long as price stay above the trendline support, the bullish scenario should remain intact.

Posted on Mon, 08 Mar 2010 18:16:50 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6989 Mon, 08 Mar 2010 20:17:43 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6989 The GBPUSD failed to continue its bullish momentum yesterday, bottomed at 1.5030 and closed at 1.5064. The bias is neutral in both nearest and medium term but remains bearish in long term view. The fact that price so far still able to move above 1.5000 - 1.4950 support area indicating the bullish correction scenario after bottomed at 1.4779 on March 01 remains intact with technical target around 1.5250 area. Clear break below 1.5000 - 1.4950 area could trigger further bearish momentum re-testing 1.4779 and might put the bullish corrective phase to its end.

Posted on Mon, 08 Mar 2010 18:08:21 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The GBPUSD failed to continue its bullish momentum yesterday, bottomed at 1.5030 and closed at 1.5064. The bias is neutral in both nearest and medium term but remains bearish in long term view. The fact that price so far still able to move above 1.5000 - 1.4950 support area indicating the bullish correction scenario after bottomed at 1.4779 on March 01 remains intact with technical target around 1.5250 area. Clear break below 1.5000 - 1.4950 area could trigger further bearish momentum re-testing 1.4779 and might put the bullish corrective phase to its end.

Posted on Mon, 08 Mar 2010 18:08:21 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6990 Mon, 08 Mar 2010 20:17:43 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6990 The USDJPY failed to maintain its bullish momentum yesterday, bottomed at 90.13 and closed at 90.29. The bias is neutral in nearest term, but the failure to stay above 90.50 area could produce a false breakout scenario which could trigger bearish momentum testing 89.50 area. The bullish correction scenario remains intact but we need a consistent move above 90.50 area to continue bullish momentum targeting 91.50 region.

Posted on Mon, 08 Mar 2010 18:00:46 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The USDJPY failed to maintain its bullish momentum yesterday, bottomed at 90.13 and closed at 90.29. The bias is neutral in nearest term, but the failure to stay above 90.50 area could produce a false breakout scenario which could trigger bearish momentum testing 89.50 area. The bullish correction scenario remains intact but we need a consistent move above 90.50 area to continue bullish momentum targeting 91.50 region.

Posted on Mon, 08 Mar 2010 18:00:46 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6991 Mon, 08 Mar 2010 20:17:43 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6991 The USDCHF was indecisive yesterday, leave us in range area of 1.0888 - 1.0640 area. We have no significant technical movement so far and price still consolidating but still in the context of bullish major scenario. I think the best strategy remains to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 - 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area.

Posted on Mon, 08 Mar 2010 17:29:18 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The USDCHF was indecisive yesterday, leave us in range area of 1.0888 - 1.0640 area. We have no significant technical movement so far and price still consolidating but still in the context of bullish major scenario. I think the best strategy remains to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 - 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area.

Posted on Mon, 08 Mar 2010 17:29:18 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6986 Mon, 08 Mar 2010 10:12:04 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6986 http://www.thegeekknows.comGood day Koalas!Monday is here again. Rise and shine for the new trading week. Remember our goal is not to become rich overnight. Rather to finish the week in green The trading range is not too huge today as there were not many releases today.While the EUR/USD continues to range within 1.34-1.38, recent bearish attacks were rather weak. This is seen on the chart as the currency pair slowly edges up.The S&P 500 is the big winner these days as it has almost recovered from the previous drop. An interesting fact is that the EUR/USD is not showing a similar trend and hence the correlation between both is at stake.Oil has hit $80 and i am paying close attention to it. Should it maintain above $80, we may be in a new phrase of economic recovery as oil can be a clue to the global economy's health.Gold has dropped to $1122+. In view of the risk taking sentiment, gold may be sold by investors taking on more risk.***In view of the recent bullish developments for the various equities and commodities, the apparent lack of a similar activity in the EUR/USD may be suggesting that the Euro Zone has lost it's favor among the investors for now.This is not surprising considering the extend of the Greek deficit problem. There is no real end in sight now and the strikes in the country is complicating possible solutions. Fears of similar problems in Spain, Portugal and now even Britain are turning investors away.Nonetheless, there was a report stating that the EU is working on a plan for a "European Monetary Fund." This would be a contingency styled lender. Should this plan succeed, it may boost the sentiments with regards to the Euro Zone.With tomorrow being light on economic data, we may see ranging price action if nothing adverse pops by for a visit.Bullish momentum may take us to 1.3680/720.A comeback of the bears may push the currency pair down to 1.3600/550.***Folks do you like the slightly tweaked layout? My next plan will be to include a site map as a few folks wrote to me and said that they could not find some of the forex education articles.My aim is to provide the best koala forex experience to you and so stay tuned for it!Trade safely Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Mon, 08 Mar 2010 08:19:22 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.thegeekknows.comGood day Koalas!Monday is here again. Rise and shine for the new trading week. Remember our goal is not to become rich overnight. Rather to finish the week in green The trading range is not too huge today as there were not many releases today.While the EUR/USD continues to range within 1.34-1.38, recent bearish attacks were rather weak. This is seen on the chart as the currency pair slowly edges up.The S&P 500 is the big winner these days as it has almost recovered from the previous drop. An interesting fact is that the EUR/USD is not showing a similar trend and hence the correlation between both is at stake.Oil has hit $80 and i am paying close attention to it. Should it maintain above $80, we may be in a new phrase of economic recovery as oil can be a clue to the global economy's health.Gold has dropped to $1122+. In view of the risk taking sentiment, gold may be sold by investors taking on more risk.***In view of the recent bullish developments for the various equities and commodities, the apparent lack of a similar activity in the EUR/USD may be suggesting that the Euro Zone has lost it's favor among the investors for now.This is not surprising considering the extend of the Greek deficit problem. There is no real end in sight now and the strikes in the country is complicating possible solutions. Fears of similar problems in Spain, Portugal and now even Britain are turning investors away.Nonetheless, there was a report stating that the EU is working on a plan for a "European Monetary Fund." This would be a contingency styled lender. Should this plan succeed, it may boost the sentiments with regards to the Euro Zone.With tomorrow being light on economic data, we may see ranging price action if nothing adverse pops by for a visit.Bullish momentum may take us to 1.3680/720.A comeback of the bears may push the currency pair down to 1.3600/550.***Folks do you like the slightly tweaked layout? My next plan will be to include a site map as a few folks wrote to me and said that they could not find some of the forex education articles.My aim is to provide the best koala forex experience to you and so stay tuned for it!Trade safely Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Mon, 08 Mar 2010 08:19:22 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6985 Mon, 08 Mar 2010 02:03:16 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6985 GBY/JPY
Buy @137.57 SL136.48 TP138.66
Sell @136.48 SL137.57 TP135.39
CHF/JPY
Buy @84.73 SL83.98 TP85.48
Sell @83.98 SL84.73 TP83.23
AUD/JPY
Buy @82.67 SL81.87 TP83.47
Sell @81.87 SL82.67 TP81.07
USD/JPY
Buy @90.86 SL90.15 TP91.57
Sell @90.15 SL90.86 TP89.44
EUR/JPY
Buy @123.91 SL123.01 TP124.81
Sell @123.01 SL123.91 TP122.11
CAD/JPY
Buy @88.46 SL87.68 TP89.24
Sell @87.68 SL88.46 TP86.90

Posted on Mon, 08 Mar 2010 08:18:29 +0000 at http://rebatefx.com/signals/archives/647
Comments: http://rebatefx.com/signals/archives/647#comments]]> GBY/JPY
Buy @137.57 SL136.48 TP138.66
Sell @136.48 SL137.57 TP135.39
CHF/JPY
Buy @84.73 SL83.98 TP85.48
Sell @83.98 SL84.73 TP83.23
AUD/JPY
Buy @82.67 SL81.87 TP83.47
Sell @81.87 SL82.67 TP81.07
USD/JPY
Buy @90.86 SL90.15 TP91.57
Sell @90.15 SL90.86 TP89.44
EUR/JPY
Buy @123.91 SL123.01 TP124.81
Sell @123.01 SL123.91 TP122.11
CAD/JPY
Buy @88.46 SL87.68 TP89.24
Sell @87.68 SL88.46 TP86.90

Posted on Mon, 08 Mar 2010 08:18:29 +0000 at http://rebatefx.com/signals/archives/647
Comments: http://rebatefx.com/signals/archives/647#comments]]> http://www.rebatefx.com/forum/showthread.php?tid=6980 Sun, 07 Mar 2010 20:07:48 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6980 The EURUSD attempted to push lower on Friday, bottomed at 1.3530 but whipsawed to the upside and closed higher at 1.3619 and keep moving higher around 1.3650 at the time I wrote this comment. Overall the pair is still in consolidation and bullish correction phase with technical corrective target around 1.3750 - 1.3850 area but still within the major bearish scenario as price still move inside the major bearish channel. Immediate support at 1.3600 followed by 1.3530. Break below 1.3530 area should trigger further bearish momentum re-testing key support 1.3450/35 (triple bottom).

Posted on Sun, 07 Mar 2010 19:05:17 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The EURUSD attempted to push lower on Friday, bottomed at 1.3530 but whipsawed to the upside and closed higher at 1.3619 and keep moving higher around 1.3650 at the time I wrote this comment. Overall the pair is still in consolidation and bullish correction phase with technical corrective target around 1.3750 - 1.3850 area but still within the major bearish scenario as price still move inside the major bearish channel. Immediate support at 1.3600 followed by 1.3530. Break below 1.3530 area should trigger further bearish momentum re-testing key support 1.3450/35 (triple bottom).

Posted on Sun, 07 Mar 2010 19:05:17 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6981 Sun, 07 Mar 2010 20:07:48 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6981 The EURJPY had a significant bullish momentum on Friday, topped at 123.32 and closed at 123.05. This fact should trigger further bullish momentum, but as you can see on h4 chart below we have a good technical resistance around the trendline. We need a clear break above the trendline to continue the bullish scenario targeting 125.15 area. Note that the major trend remains bearish and the current bullish momentum is just a corrective move. Immediate support at 122.80 area. Break below that area should trigger further bearish momentum testing 121.70 area and diminish the bullish correction scenario.GBPJPY Forecast
The GBPJPY had a significant bullish momentum on Friday, topped at 137.03 and closed at 136.81. The bias is bullish in nearest term but as you can see on my h4 chart below we have a good resistance around the trendline resistance area. We need a break above the trendline to continue the bullish momentum targeting 139.50 area. Also note that the current bullish momentum is just a corrective move while the main trend should remains bearish. Immediate support at 136.50. Break below that area should trigger further bearish momentum testing 134.70 and could be a potential threat to the bullish correction scenario.AUDUSD Forecast
The AUDUSD had a bullish momentum on Friday, topped at 0.9092 and closed at 0.9079. The fact that price is now convincingly stay above 0.9040 area should trigger further bullish momentum targeting 0.9140 - -0.9180 area. Another movement back below 0.9040 area should lead us into no trading zone as direction would become unclear for me.

Posted on Sun, 07 Mar 2010 18:58:12 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The EURJPY had a significant bullish momentum on Friday, topped at 123.32 and closed at 123.05. This fact should trigger further bullish momentum, but as you can see on h4 chart below we have a good technical resistance around the trendline. We need a clear break above the trendline to continue the bullish scenario targeting 125.15 area. Note that the major trend remains bearish and the current bullish momentum is just a corrective move. Immediate support at 122.80 area. Break below that area should trigger further bearish momentum testing 121.70 area and diminish the bullish correction scenario.GBPJPY Forecast
The GBPJPY had a significant bullish momentum on Friday, topped at 137.03 and closed at 136.81. The bias is bullish in nearest term but as you can see on my h4 chart below we have a good resistance around the trendline resistance area. We need a break above the trendline to continue the bullish momentum targeting 139.50 area. Also note that the current bullish momentum is just a corrective move while the main trend should remains bearish. Immediate support at 136.50. Break below that area should trigger further bearish momentum testing 134.70 and could be a potential threat to the bullish correction scenario.AUDUSD Forecast
The AUDUSD had a bullish momentum on Friday, topped at 0.9092 and closed at 0.9079. The fact that price is now convincingly stay above 0.9040 area should trigger further bullish momentum targeting 0.9140 - -0.9180 area. Another movement back below 0.9040 area should lead us into no trading zone as direction would become unclear for me.

Posted on Sun, 07 Mar 2010 18:58:12 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6982 Sun, 07 Mar 2010 20:07:48 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6982 The GBPUSD had a bullish momentum on Friday. As you can see on my daily chart below price bounce back to the upside after touched the major trendline support, indicating potential upside correction scenario but the main trend should remain bearish. The bias is neutral in nearest term. Immediate support at 1.5100. Break below that area should trigger further bearish momentum testing 1.5000. Initial resistance at 1.5250. Break above that area should trigger further upside momentum testing 1.5380 area.

Posted on Sun, 07 Mar 2010 18:50:15 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The GBPUSD had a bullish momentum on Friday. As you can see on my daily chart below price bounce back to the upside after touched the major trendline support, indicating potential upside correction scenario but the main trend should remain bearish. The bias is neutral in nearest term. Immediate support at 1.5100. Break below that area should trigger further bearish momentum testing 1.5000. Initial resistance at 1.5250. Break above that area should trigger further upside momentum testing 1.5380 area.

Posted on Sun, 07 Mar 2010 18:50:15 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6983 Sun, 07 Mar 2010 20:07:48 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6983 The USDJPY had a significant bullish momentum on Friday, topped at 90.58 and closed at 90.34. This fact should trigger further bullish correction scenario targeting 91.50 and the major trendline resistance area but we need a consistent move above 90.50 area to continue the bullish correction scenario. However note that the major trend should remain bearish as long as price move below the major trendline resistance. Immediate support at 90.00 followed by 89.50.

Posted on Sun, 07 Mar 2010 18:24:56 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The USDJPY had a significant bullish momentum on Friday, topped at 90.58 and closed at 90.34. This fact should trigger further bullish correction scenario targeting 91.50 and the major trendline resistance area but we need a consistent move above 90.50 area to continue the bullish correction scenario. However note that the major trend should remain bearish as long as price move below the major trendline resistance. Immediate support at 90.00 followed by 89.50.

Posted on Sun, 07 Mar 2010 18:24:56 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6984 Sun, 07 Mar 2010 20:07:48 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6984 As you can see on my h4 chart below, the USDCHF still trapped in range area of 1.0888 - 1.0640 area indicating consolidation but still in the context of major bullish scenario. The bias is neutral in nearest term and I think the best strategy is to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 - 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area.

Posted on Sun, 07 Mar 2010 18:19:13 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> As you can see on my h4 chart below, the USDCHF still trapped in range area of 1.0888 - 1.0640 area indicating consolidation but still in the context of major bullish scenario. The bias is neutral in nearest term and I think the best strategy is to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 - 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area.

Posted on Sun, 07 Mar 2010 18:19:13 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6979 Sat, 06 Mar 2010 11:25:37 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6979 http://www.thegeekknows.comHello Koalas!Hope you are having a great weekend so far.For starters, lets take stock of the current situation.I mentioned in the previous weekly review that we will probably be ranging between 1.34 - 1.38. Looking with hindsight, the price action pretty much respected this range well. At the start of the week, risk aversion was evident. There were reports stating that Germany did not factor in Greece's aid in the 2010 budget. This apparently spooked investors who were paying close attention to the Greek deficit crisis. Later on however, EU officials commented that they expected Greece to introduce more deficit cutting measures. While this was encouraging, we must remember that the underlying problems go beyond a mere solution. This was seen as the price action became bullish in midweek due to the passing of deficit cutting measures by the Greek government, only to be knocked back down when strikes broke out. The Greek people were not happy that they were made to pay for the action of others. This indeed goes beyond a simple fix.I noticed there was increasing reference to Britain as being the next Euro country to be implicated by deficit problems. This puts Britain in the category of Spain and Portugal. Possible hot zones. Close monitoring is advised.US gave us a surprise this week. While economic data was generally good throughout the week, spurring on the ascent of the S&P 500, the US Pending Home Sales fell sharply in the later half of the week. Home sales are crucial to an economy as they can stimulate business. Surprising, the S&P 500 remains unaffected. This suggests positive sentiments towards the US economy. Having said so. do remember that the financial crisis is still pretty much around. Unemployment rate in the US remains a problem. The US deficit is massive too.Next week brings us more economic data from both sides of the Atlantic. Releases such as the German Industrial Production will probably shed some light on the current economy's status. Towards the end of the week, we have a few important data from the US. Examples include the US Unemployment Claims and Retail Sales. You can find more information on economic data in the Economic Calender below.From a technical point of view, we have being ranging for sometime now. This is not a surprise as the market simply do not have the best of choices. A better or worst than expected economic data from either side will probably woo or turn investors away.The 200 EMA turns bearish but do consider the point that we are at the strong line of 1.3600 and hence any bearish push may see the currency pair moving back to 1.3600 when the momentum quietens.Much will depend on the developments of the Greek crisis and the various economic data. If there is no adverse incident, we may see the currency pair ranging within 1.34 - 1.38.Trade safely.Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Sat, 06 Mar 2010 09:44:45 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.thegeekknows.comHello Koalas!Hope you are having a great weekend so far.For starters, lets take stock of the current situation.I mentioned in the previous weekly review that we will probably be ranging between 1.34 - 1.38. Looking with hindsight, the price action pretty much respected this range well. At the start of the week, risk aversion was evident. There were reports stating that Germany did not factor in Greece's aid in the 2010 budget. This apparently spooked investors who were paying close attention to the Greek deficit crisis. Later on however, EU officials commented that they expected Greece to introduce more deficit cutting measures. While this was encouraging, we must remember that the underlying problems go beyond a mere solution. This was seen as the price action became bullish in midweek due to the passing of deficit cutting measures by the Greek government, only to be knocked back down when strikes broke out. The Greek people were not happy that they were made to pay for the action of others. This indeed goes beyond a simple fix.I noticed there was increasing reference to Britain as being the next Euro country to be implicated by deficit problems. This puts Britain in the category of Spain and Portugal. Possible hot zones. Close monitoring is advised.US gave us a surprise this week. While economic data was generally good throughout the week, spurring on the ascent of the S&P 500, the US Pending Home Sales fell sharply in the later half of the week. Home sales are crucial to an economy as they can stimulate business. Surprising, the S&P 500 remains unaffected. This suggests positive sentiments towards the US economy. Having said so. do remember that the financial crisis is still pretty much around. Unemployment rate in the US remains a problem. The US deficit is massive too.Next week brings us more economic data from both sides of the Atlantic. Releases such as the German Industrial Production will probably shed some light on the current economy's status. Towards the end of the week, we have a few important data from the US. Examples include the US Unemployment Claims and Retail Sales. You can find more information on economic data in the Economic Calender below.From a technical point of view, we have being ranging for sometime now. This is not a surprise as the market simply do not have the best of choices. A better or worst than expected economic data from either side will probably woo or turn investors away.The 200 EMA turns bearish but do consider the point that we are at the strong line of 1.3600 and hence any bearish push may see the currency pair moving back to 1.3600 when the momentum quietens.Much will depend on the developments of the Greek crisis and the various economic data. If there is no adverse incident, we may see the currency pair ranging within 1.34 - 1.38.Trade safely.Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Sat, 06 Mar 2010 09:44:45 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6978 Sat, 06 Mar 2010 02:50:47 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6978
Posted on Fri, 05 Mar 2010 19:34:13 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]>
Posted on Fri, 05 Mar 2010 19:34:13 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6977 Fri, 05 Mar 2010 10:31:08 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6977 http://www.thegeekknows.comGood day koalas!Weekend is upon us soon and yes it is the CASH THE PIPS FOR BEER MONEY day!The US Non Farm Payroll was slightly better than expected. The EUR/USD received bullish relief due probably to risk taking.The S&P 500 continues to be bullish and it is nearly back at the level before the current correction.Oil is hovering around $80. Should we cross and maintain over $80, we may be seeing a new phrase of the recovery as oil can be a clue to the global economy's health.Gold is trading at around $1138+.***While there are reports stating that the EU is in the midst of planning for a Greek assistance plan, strikes continue in Greece and threatens to hamper and derail the Greek government's effort to lessen the deficit. Traders do not like sovereign problems and hence the EURO's value suffers as a result.On the other hand, the US appears to be the lesser of two evils for now and the S&P 500 is a testament to that. Sentiments are good and the US equities are raising. Today's Non Farm Payroll came in better than expected, raising hopes that the job market is getting better. Do remember though that the US is also facing her own problems. A massive budget deficit and fragile housing market are among the top areas of concern.As the week comes to a close, bullish pressure may bring us to 1.3680.A bearish push may see us testing 1.3550.Stay tuned for the EUR/USD Weekly Review over the weekend.***So did you finish your week green? I sure hope you did. Time to enjoy a well deserved weekend Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Fri, 05 Mar 2010 09:14:18 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.thegeekknows.comGood day koalas!Weekend is upon us soon and yes it is the CASH THE PIPS FOR BEER MONEY day!The US Non Farm Payroll was slightly better than expected. The EUR/USD received bullish relief due probably to risk taking.The S&P 500 continues to be bullish and it is nearly back at the level before the current correction.Oil is hovering around $80. Should we cross and maintain over $80, we may be seeing a new phrase of the recovery as oil can be a clue to the global economy's health.Gold is trading at around $1138+.***While there are reports stating that the EU is in the midst of planning for a Greek assistance plan, strikes continue in Greece and threatens to hamper and derail the Greek government's effort to lessen the deficit. Traders do not like sovereign problems and hence the EURO's value suffers as a result.On the other hand, the US appears to be the lesser of two evils for now and the S&P 500 is a testament to that. Sentiments are good and the US equities are raising. Today's Non Farm Payroll came in better than expected, raising hopes that the job market is getting better. Do remember though that the US is also facing her own problems. A massive budget deficit and fragile housing market are among the top areas of concern.As the week comes to a close, bullish pressure may bring us to 1.3680.A bearish push may see us testing 1.3550.Stay tuned for the EUR/USD Weekly Review over the weekend.***So did you finish your week green? I sure hope you did. Time to enjoy a well deserved weekend Read more Forex Articles and Views by The Koala at http://www.thegeekknows.comFollow me on twitter

Posted on Fri, 05 Mar 2010 09:14:18 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6972 Thu, 04 Mar 2010 19:05:28 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6972 The EURUSD failed to continued its bullish correction yesterday, bottomed at 1.3552 and closed at 1.3580. While technically this fact can be seen as potential false breakout scenario thus trigger significant bearish pressure re-testing 1.3450/30 key support area, the Euro was fell after a big surprise in US pending home sales data which fell to -7.6% indicating that risk aversion has taken center stage again. If this is true, a bad result of NFP today could trigger further weakness for the Euro while a good result could give some support. The bias is bearish in nearest term but as long as price still able to move above 1.3450 area, we are actually still in consolidation phase and need a clear break below 1.3450/35 area to continue further bearish scenario targeting 1.3100 area. Immediate resistance at 1.3625. Break above that area should lead us into no trading zone as direction would become unclear.

Posted on Thu, 04 Mar 2010 17:55:24 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The EURUSD failed to continued its bullish correction yesterday, bottomed at 1.3552 and closed at 1.3580. While technically this fact can be seen as potential false breakout scenario thus trigger significant bearish pressure re-testing 1.3450/30 key support area, the Euro was fell after a big surprise in US pending home sales data which fell to -7.6% indicating that risk aversion has taken center stage again. If this is true, a bad result of NFP today could trigger further weakness for the Euro while a good result could give some support. The bias is bearish in nearest term but as long as price still able to move above 1.3450 area, we are actually still in consolidation phase and need a clear break below 1.3450/35 area to continue further bearish scenario targeting 1.3100 area. Immediate resistance at 1.3625. Break above that area should lead us into no trading zone as direction would become unclear.

Posted on Thu, 04 Mar 2010 17:55:24 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6973 Thu, 04 Mar 2010 19:05:28 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6973 The EURJPY made another indecisive movement yesterday. The bias is neutral in nearest term. On h4 chart below we can see that so far trapped in range area of 121.70 - 119.70. I think the best strategy is to short around 121.70 or to long around 119.70 with tight stop loss. In longer term view, the bearish scenario remains intact.GBPJPY Forecast
The GBPJPY also indecisive yesterday. The bias is neutral in nearest term. On h4 chart below we can see that price so far trapped in range area of 134.70 - 132.00 this week and I think the best strategy is to short around 134.70 or long around 132.00 with a tight stop loss. In longer term perspective, the trend remains bearish.AUDUSD Forecast
The AUDUSD failed to keep its bullish momentum yesterday and now traded below 0.9040 area indicating potential false breakout scenario which could lead to a significant bearish momentum targeting 0.8910 and the trendline support area (red). The bias is bearish in nearest term but remains unclear in medium term as price seems to be in consolidation phase. Immediate resistance at 0.9040. Break above that area should keep the bullish scenario intact targeting 0.9140.

Posted on Thu, 04 Mar 2010 17:47:20 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The EURJPY made another indecisive movement yesterday. The bias is neutral in nearest term. On h4 chart below we can see that so far trapped in range area of 121.70 - 119.70. I think the best strategy is to short around 121.70 or to long around 119.70 with tight stop loss. In longer term view, the bearish scenario remains intact.GBPJPY Forecast
The GBPJPY also indecisive yesterday. The bias is neutral in nearest term. On h4 chart below we can see that price so far trapped in range area of 134.70 - 132.00 this week and I think the best strategy is to short around 134.70 or long around 132.00 with a tight stop loss. In longer term perspective, the trend remains bearish.AUDUSD Forecast
The AUDUSD failed to keep its bullish momentum yesterday and now traded below 0.9040 area indicating potential false breakout scenario which could lead to a significant bearish momentum targeting 0.8910 and the trendline support area (red). The bias is bearish in nearest term but remains unclear in medium term as price seems to be in consolidation phase. Immediate resistance at 0.9040. Break above that area should keep the bullish scenario intact targeting 0.9140.

Posted on Thu, 04 Mar 2010 17:47:20 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6974 Thu, 04 Mar 2010 19:05:28 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6974 The GBPUSD attempted to push higher yesterday, topped at 1.5135 but whipsawed to the downside, bottomed at 1.5004 and closed at 1.5030. On h4 chart below we can see that price failed to break above the upper line of the bearish channel indicating that the bearish scenario remains intact. Technically this fact could be seen as potential end to the bullish correction scenario especially if price able to move consistently below 1.5000 - 1.4950 area targeting 1.4779 even 1.4500 area in longer term. The bias is bearish in nearest term. Immediate resistance at 1.5080 area. Break above that area should keep the bullish correction scenario intact but will be a no trading zone for me as direction would become unclear. Eyes on US NFP today. The Dollar rallied yesterday after worse than expected US pending home sales indicating that risk aversion has taken the center stage. If this is true, a bad result of NFP today could trigger further weakness for the Sterling while a good result could give some support.

Posted on Thu, 04 Mar 2010 17:31:14 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The GBPUSD attempted to push higher yesterday, topped at 1.5135 but whipsawed to the downside, bottomed at 1.5004 and closed at 1.5030. On h4 chart below we can see that price failed to break above the upper line of the bearish channel indicating that the bearish scenario remains intact. Technically this fact could be seen as potential end to the bullish correction scenario especially if price able to move consistently below 1.5000 - 1.4950 area targeting 1.4779 even 1.4500 area in longer term. The bias is bearish in nearest term. Immediate resistance at 1.5080 area. Break above that area should keep the bullish correction scenario intact but will be a no trading zone for me as direction would become unclear. Eyes on US NFP today. The Dollar rallied yesterday after worse than expected US pending home sales indicating that risk aversion has taken the center stage. If this is true, a bad result of NFP today could trigger further weakness for the Sterling while a good result could give some support.

Posted on Thu, 04 Mar 2010 17:31:14 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> http://www.rebatefx.com/forum/showthread.php?tid=6975 Thu, 04 Mar 2010 19:05:28 -0700 http://www.rebatefx.com/forum/showthread.php?tid=6975 The USDJPY failed to continue its bearish momentum yesterday, topped at 89.24 and closed at 89.02. This fact can be seen as a false breakdown below 88.50 area which potentially produce significant upside momentum testing 89.50 even 90.50 area. The bias is bullish in nearest term. Another move below 88.50 area should trigger further bearish momentum testing 87.35 region.

Posted on Thu, 04 Mar 2010 17:26:47 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]> The USDJPY failed to continue its bearish momentum yesterday, topped at 89.24 and closed at 89.02. This fact can be seen as a false breakdown below 88.50 area which potentially produce significant upside momentum testing 89.50 even 90.50 area. The bias is bullish in nearest term. Another move below 88.50 area should trigger further bearish momentum testing 87.35 region.

Posted on Thu, 04 Mar 2010 17:26:47 GMT at http://www.fxfrench.com/analytics.aspx?i...ture=en-US
Author: FxOpen]]>