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Forex NZD / USD pair found new 4 months low

May 7, 2012 By Leave a Comment

The pair broke through 0.8000, marking a new low at 0.7956 after the announcement of several indicators of the U.S. labor market. Nonfarm payrolls fell short of expectations, further adding 117 thousand new jobs (instead of the forecast 170 000), while weekly earnings came in line with expectations at 34.5. The hourly averages ingersos gave results worse than expected, marking and monthly year changes of 0.0% and 1.8% respectively. However, the unemployment rate fell to 8.1% from 8.2%.

The pair is trading at 0.7957 (falling 0.50%), finding resistance at 0.8075, 0.8152 and 0.8196 before as pivot points Fxstreet.es technical studies. Moreover, the pair has support 0.7954, 0.7910 and 0.7833 before.

Filed Under: NZDUSD

EUR/USD Fifth Wave continues its bearish downtrend

May 7, 2012 By Leave a Comment

The EUR / USD continues its downward path after the end of wave “2″ red circle on Tuesday the first of May 2012 at 1.3284. To a lesser degree we can see a bearish momentum denoted in green where the waves “1″ “2″ and “3″ ended and the price is constructing the fourth wave with a flat structure, after this correction we will see the wherein the fifth wave provisional target is in the 1.3050, equivalent to 161.8% extension with respect to a wave, the invalidation point in this grade is located at the end of the wave “1″ is green in the 1.3204 .

After the wave “5″ green upward correction is expected to witness strong that next week, do not recommend taking operations today due to economic data and the low motion after noon.

We are still bearish and we are wait for signal to next point below 1,3 and it is 1,286.

Filed Under: EURUSD

GBP/USD price in range – we are still bearish

May 7, 2012 By Leave a Comment

The GBP / USD is operated within the range days ago, between 1.6150 and 1.6220, with a touch bearish on the hourly chart, given the dollar’s advance around the board pointing to a breakdown of key GARMIN NUVI 1.6150, which generate a bearish continuation rally towards 1.6115 area, 38.2% retracement of the last bull rally day. In 4 hours, the pair has limited upward by 20 SMA, around 1.6200 today, while indicators remain in negative territory, supporting a continuation to the south.

Supports: 1.6105 1.6115 1.6070

Resistances: 1.6185 1.6220 1.6250

We are still bearish and we are wait to see broken 1,613 price.

Filed Under: GBPUSD

Forex USD / JPY – Dollar lower after reacting to the NFP

May 6, 2012 By Leave a Comment

USD / JPY has experienced a variation of 55 pips during the release of nonfarm payrolls, which have proved worse than expected. The cross has fallen at least 3 days, 79.83, but has since risen to 80.39 intraday. At the moment, has fallen back and operates on 80.05, 0.21% below its initial price.

Nonfarm payrolls rose by 115,000 during the month of April, well below the expected 170,000 and 154,000 in March.

Despite not meet expectations in nonfarm payrolls, the unemployment rate has fallen by one tenth, from 8.2% to 8.1%, its lowest level since January 2009.

Filed Under: USDJPY

Forex: USD / CHF above 0.9150 strong

May 6, 2012 By Leave a Comment

After collapsing to 0.9115 after the employment data in the U.S. economy, the crossing has been driven above 0.9150 while the dollar gained ground rapidly, dragging prices of assets related to the risk to new lows.

It is useful to recall that earlier in European morning real retail sales in Switzerland have surprised the market, up 4.2% YoY strongly in March, compared to previous estimates of +1.1%.

As I write, the crossing advances 0.26% at 0.9161, with the next resistance at 0.9174 expecting (up May.3) ahead of 0.9196 (max. Abr.19) then 0.9205 (MA100d) and 0.9207 (B Bolinger).
On the opposite side, falling more than 0.9115 (míns. May 3/4) would enable 0.9105 (MA10d) then 0.9099 (max. May 1) and 0.9076 (min. May 2).

We are bullish with USDCHF and first target is 1,93.

Filed Under: USDCHF

AUDUSD found support below 1,02 and now we wait for short term rebound

May 6, 2012 By Leave a Comment

Following the rate cut announced last May 1 by the RBA to 3.75% from 4.25%, the Australian dollar is approaching levels of technical support on 1.0270 dollars and 1,02. I came here, we’d bet on an upward movement of pure oversold within a downtrend that will seek parity in the medium term. For what interests us, the short term we see a rebound feasible to 1.0317 and 1.0345 levels dollars.

We are bearish to 0,978 price.
But afther this support we can see short term rebound before strong bearish trend.

Filed Under: AUDUSD

Will EUR/JPY go down more or we can see breakout to 111 ?

May 6, 2012 By Leave a Comment

The EURJPY has followed a downward trend during the last hours of trading, and is completing the European session on the MM 100 days.

* This level is currently at 104.49.

* The minimum for the time being is registered with 104.43.

Below this level locate the 50% retracement of the rise in the minimum-operative range of up to 2012. This level is at 104.22.

The area of 104.22-43 should bring some profit taking, because the risk is limited and defined. The maximum torque resistance is now at 104.76-87 zone, which is 38.2% .50% of the abrupt drop in the last few hours (see chart below). If sales remain strong downward trend of the market, this area could attract more sellers.

The EUR / JPY 105.00 and 105.50 operates between pending the report of U.S. employment, with a bearish outlook, confirmed by the 4 hour chart, which shows the price below the 20 SMA as indicators point to the south under their midlines after testing their midlines. While the weak euro is quite clear the whole board and the latest economic data suggest the recession deepens in the area, the yen gained strength against its major rivals. What is interesting about the yen, is to react directly to the reading of the NFP, a worse than expected number will the yen down against its major rivals, while a negative number would favor the yen.

For EUR / JPY, a negative number would mean a continuation of the trend, sending the pair to fall, with a break of 105.00 making a continuation to the 104.40 area. A positive number, on the contrary, favors a limited recovery and once above 105.50, 106.00 could reach the pair.

We wait for some bullish signal for all JPY currencies pairs in next days and we are stay a side.


Will EUR/JPY go down more or we can see breakout to 111 ?

Filed Under: EURJPY

GBP/USD is in strong bullish trend – No 11-day runs in last 30 years

April 27, 2012 By Leave a Comment

Cable is committed. The last time we have seen a 10-day advance from $GBPUSD was 6/16/1992. Then 11/5/87. No 11-day runs in last 30 years.

See picture – GBP/USD in last 30 years :
gbpusd in last 30 years
After the oscillation of the pair yesterday, they could see a slowdown in progress, despite not stop the strong uptrend forming a new roof the resistance level of 1.6200, which is second in the weekly close .

Despite starting the day with the opening of Asian markets to fall, the pair regaining their positions in these moments of release of the data from the United States. If closing the day at this price, the pound would total 10 consecutive days of gains, and the breakdown of important areas of congestion.

Finding no arguments from the technical point of view that give us reason to see a trend change, we can expect a correction from current levels. In the first we locate 1.6255 resistance level to consider, then 1.6280, and 1.6320.

The supports are 1.6200, 1.6165, and 1.6130.

GBP/USD we wait for bearish conformation and it is 1,615.

Filed Under: GBPUSD

USDCHF lateral opening in the weekly

April 27, 2012 By Leave a Comment

At the close of the week, we see this pair trading near the 0.9080 opening weekly, without a definite trend.

Following the sharp rise of the Swiss franc began in May of 2010 that led to form a record high against the dollar at the level of 0.7785 in August last year, we see a reversal of the currency Helvetica.

The recovery movement still has bullish strength, losing time with one-way trips a marked decrease in the extent of it in recent weeks.

On this day where we see the dollar fall in the European session, the pair will first support 0.9060 to consider where we locate the bullish trend in 4 hours. Then 0.9025, and 0.9000 are the following levels to consider.

Before an upward bounce, 0.9100, 0.9130, and 0.9165 will be resistance.

Filed Under: USDCHF

We see slow movements in the cross pairs with the U.S. Dollar

April 27, 2012 By Leave a Comment

Scarce and erratic movements which yesterday offered quotations of major currency pairs, without providing substantial changes and closing near the opening price.

In the last European Preopening Day this week we see slow movements in the cross pairs with the U.S. Dollar. EURUSD trading at 1.3186 -0.04% to a low. GBPUSD moves on the level of a yielding 1.6173 -0.03% and AUDUSD negative also moves in a 0.03% about 1.0366.

Couple with the Yen cross movements show extreme short-term volatility in the early European morning. USDJPY trades at 80.87 with a drop of -0.25%. EURJPY It does a -0.29% on GBPJPY 106.64 and also trading lower -0.29% on a 130.78.

The opening prices of the major currency pairs for today are:

EURUSD: 1.3193

USDJPY: 81.07

GBPUSD: 1.6179

EURJPY: 110.91

Filed Under: Forex
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