http://www.italkcash.com/forum/ FX traders should discuss all currency speculation in here. Also use this forum for all FX related matters such as brokers, software etc. en Thu, 09 Sep 2010 04:20:04 GMT vBulletin 60 http://www.italkcash.com/forum/Bad Company/misc/rss.jpg http://www.italkcash.com/forum/ http://www.italkcash.com/forum/fx/246000-forexpros-daily-analysis-08-09-2010-a.html Wed, 08 Sep 2010 10:12:12 GMT _*ForexPros Daily Analysis September 08, 2010*_ _*Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price... ForexPros Daily Analysis September 08, 2010


Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action
Expert: Kris Matthews
When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are really telling them about the behavior and sentiment of the market. Kris Matthews presents in the final webinar of this four part series on trading sentiment, how to spot certain recurring types of price action that reveal valuable clues about the sentiment/direction of the market going forward.

Click here to join free

---

Euro Dollar

The Euro fell heavily during yesterday’s Asian session, then it resumed the drop during the European session. After stopping just below the enormous resistance we talked about in Monday’s report 1.2920 (Monday’s high was 1.2916), we saw the Euro fall, breaking yesterday’s support 1.2777 and successfully reached the first suggested target at 1.2690. With this drop, the price has broken 3 critical levels at once: 1. the rising trend line from Aug 31st (which was broken at 1.2860), 2. the falling trend line from Sep 1st top and 3. the massive support at 1.2777.

Support:
• 1.2698: obvious & attractive horizontal support on intraday charts.
• 1.2627: Aug 31st low.
• 1.2522: Jul 13th low.

Resistance:
• 1.2824: Fibonacci 61.8% for the drop from Monday’s high.
• 1.2912: the retest level for the rising trend line from Aug 31st low on the hourly chart.
• 1.2972: the top of the rising trend channel on the hourly chart.

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USD/JPY

The Dollar/Yen dropped to 83.33, a new 15-year low! The latest drop came in the midst of the disappointment in the BoJ, which after a 2-day meeting, announced that it will not do anything at the moment to deal with the strong Yen. We have recently adjusted the falling trend line on the hourly chart to include Friday’s jump. We still believe in USD\/JPY weakness, and we believe it will travel south. Only a break of this line in specific will change our minds.

Support:
• 83.41: important intraday level.
• 82.25: the falling trend line on the weekly chart, combining the monthly lows of Dec 2008, Jan & Nov 2009.
• 80.00: psychological level.

Resistance:
• 84.49: Fibonacci 61.8% for the short term.
• 85.10: the falling trend line from June 4th top on the hourly chart
• 86.25: Jul 16th bottom.

---

GBP/USD

The Pound dropped on Monday, from the very same area which stopped it on Sep 1st, the all important resistance 1.5480/90, and this drop reached 1.5295 yesterday. Then, the price jumped for more than 100 pips so far. This bounce or short term uptrend found a supporting trend lien which is currently at 1.5374. We expect the Dollar to try and break this level, to continue its rebound from the gigantic resistance 1.5490. If it manages to do so, we will be in for another episode of the drop series, similar to what we have seen on Monday. This will target 1.5262 at the very least, and at a later time 1.5151. On the other hand, the most important resistance is 1.5441. We do not exaggerate when we say that this level is the single most important one in determining the short term direction. If broken, the Pound will refuse to give up to our negative outlook, and will break free, targeting the interesting areas above 1.55, most interesting of them in our eyes are 1.5507 & 1.5596.

Support:
• 1.5374: the rising trend line from yesterday’s low on intraday charts.
• 1.5262: Jul 5th high.
• 1.5151: the rising trend line from Friday’s low on intraday charts.

Resistance:
• 1.5441: the top of the rising trend channel on the hourly chart.
• 1.5507: Aug 19th low.
• 1.5596: Aug 16th low.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time. ]]> FX forexpros2 http://www.italkcash.com/forum/fx/246000-forexpros-daily-analysis-08-09-2010-a.html http://www.italkcash.com/forum/fx/245994-windsor-brokers-short-term-technical-analysis-majors-08-30-gmt.html Wed, 08 Sep 2010 09:33:46 GMT EUR/USD Continues to further retrace the latest upleg from 1.2586, following an upside rejection at 1.2916 on 06 Sep. Market so far reached... EUR/USD

Continues to further retrace the latest upleg from 1.2586, following an upside rejection at 1.2916 on 06 Sep. Market so far reached 1.2675, just above the trendline drawn off 1.2586, currently at 1.2672. Break here will open 1.2625/1.2586 for retest, with potential break here to resume underlying bear trend and expose 1.2522/1.2480, July lows. Upside, 1.2775, 02 Sep low, is expected to cap for now.

Res: 1.2732, 1.2775, 1.2840, 1.2875
Sup: 1.2672, 1.2625, 1.2586, 1.2522

http://mediaserver.fxstreet.com/Repo...0908083430.gif



GBP/USD

Yesterday’s break below the recent range floor has reached 1.5295, ahead of fresh strength. This is currently testing 1.5490, 06 Sep previous low, also channel resistance, break of which is required to neutralize short-term bears and open way towards 1.5596/1.5617, 26/23 Aug previous highs. Failure to break higher, however, will return to weakness.

Res: 1.5492, 1.5543, 1.5573, 1.5596
Sup: 1.5414, 1.5344, 1.5336, 1.5325

http://mediaserver.fxstreet.com/Repo...0908083408.gif



USD/JPY

Maintains negative tone, following an upside rejection at 85.21 on 03 Sep and break below the recent consolidation floor at 83.66/51. This now signals the phase lower and targets 81.88, May 1995 low, short-term. Today’s high at 83.86 offers immediate cap.

Res: 83.86, 84.05, 84.27, 84.52
Sup: 83.33, 82.30, 81.88, 81.30

http://mediaserver.fxstreet.com/Repo...0908083344.gif


USD/CHF

Is currently attempting to break through key long-term bear flag support at 1.0065, as last Friday’s upside rejection confirms weakness. Break below 1.0065 would signal significant medium-term weakness, targeting 0 .9980/16 initially. Yesterday’s high at 1.0145 should now limit the upside.

Res: 1.0124, 1.0145, 1.0186, 1.0237
Sup: 1.0059, 1.0027, 1.0000, 0.9980

http://mediaserver.fxstreet.com/Repo...0908083312.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/245994-windsor-brokers-short-term-technical-analysis-majors-08-30-gmt.html http://www.italkcash.com/forum/fx/245795-forexpros-daily-analysis-07-09-2010-a.html Tue, 07 Sep 2010 10:21:31 GMT _*ForexPros Daily Analysis September 07, 2010*_ _*Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price... ForexPros Daily Analysis September 07, 2010


Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action
Expert: Kris Matthews
When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are really telling them about the behavior and sentiment of the market. Kris Matthews presents in the final webinar of this four part series on trading sentiment, how to spot certain recurring types of price action that reveal valuable clues about the sentiment/direction of the market going forward.

Click here to join free

---

Euro Dollar

We wondered in yesterday’s report, if the Dollar was able to survive after reaching critical levels at 1.2920 for the EURUSD, and 1.5490 for the GBPUSD. The answer to our wondering was “Yes we can”. Although the price did not reach far enough to break yesterday’s resistance or support, but it fell heavily during the Asian session. Yesterday’s rise was halted accurately at the resistance we specified 1.2920, and only 4 pips below it, confirming its massive importance. Then, we dropped to 1.2786, before bouncing once again above 1.28. With this drop, the Euro has broken 2 important trend lines on the hourly charts: the rising trend line from Aug 31st (which was broken at 1.2860), and then the falling trend line from Sep 1st top. This has shifted the short term technical outlook to the negative territory, but the medium term gloomy outlook is sleeping until we break 1.2777, and we wake her beauty up! That is why, today’s support will be 1.2777, and if broken, we expect the current fall to continue, targeting 1.2690 first, and then 1.2627. On the other hand, resistance is at 1.2864, and if broken, the Euro will rise after the Asian session breakdown, and will target 1.2943 & 1.3000.

Support:
• 1.2777: last week’s top, Aug 27th high, an obvious hourly support. The single most important short term support without a shadow of a doubt.
• 1.2690: obvious & attractive horizontal support on the hourly chart.
• 1.2627: Aug 31st low.

Resistance:
• 1.2864: Fibonacci 61.8% for the drop from yesterday’s high.
• 1.2943: the top of the rising trend channel on the hourly chart.
• 1.3000: psychological level.

---

GBP/USD

The Pound dropped from the very same area which stopped it on Sep 1st, the all important resistance 1.5480/90. It fell to break the support specified in yesterday’s report 1.5442, and successfully and accurately reaching our suggested target 1.5349, stopping only 5 pips below it. Today, we expect more of the same, and we expect a serious break of the support at 1.5349, resulting in a continuation of the drop from the massive 1.5490! if the price manages to do so, we will be expecting another episode of “the drop” series, a lot like yesterday’s. This drop will target 1.5262 at the very least, and at a later time 1.5151. On the other hand, the most important resistance is still at 1.5480/90, but there is a short term resistance “guarding” it, which is short term resistance 1.5433. if broken, the Pound will reverse direction, and refuse our negative outlook, and will be on the way to yet another (a third) test, of the all important 1.5480/90, and if we pass by it, 1.5565 will be the target.

Support:
• 1.5349: Thursday’s low.
• 1.5262: Jul 5th high.
• 1.5151: the rising trend line from Friday’s low on intraday charts.

Resistance:
• 1.5433: Fibonacci 61.8% for the drop from yesterday’s high.
• 1.5490: the top of the resistance area formed between Fibonacci 61.8% short term & Sep 1st high.
• 1.5565: the falling trend line from Aug 16th high.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time. ]]> FX forexpros2 http://www.italkcash.com/forum/fx/245795-forexpros-daily-analysis-07-09-2010-a.html http://www.italkcash.com/forum/fx/245778-windsor-brokers-short-term-technical-analysis-majors-08-20-gmt.html Tue, 07 Sep 2010 08:54:26 GMT EUR/USD Corrective attempt 1.2586/1.2625, 24/31 Aug lows, stalled at 1.2916 yesterday, just below key resistance area at 1.2920/31. This may... EUR/USD

Corrective attempt 1.2586/1.2625, 24/31 Aug lows, stalled at 1.2916 yesterday, just below key resistance area at 1.2920/31. This may signal a completion of the corrective phase, with break below 1.2775 to open 1.2741 first, ahead of 1.2700. Upside, regain of 1.2875 1.2871 firms the tone, but sustained break above 1.2931 resumes the recovery.

Res: 1.2875, 1.2893, 1.2916, 1.2931
Sup: 1.2775, 1.2741, 1.2728, 1.2700

http://mediaserver.fxstreet.com/Repo...0907082111.gif



GBP/USD

Yesterday’s failure to break above 1.5490 triggered immediate pullback, turning the focus lower. 1.5344 has been reached so far, just above 1.5325, key near-term support. Break here to fresh weakness towards 1.5250/40 zone, though, correction higher may precede the downmove. Only above 1.5490 improve the near-term outlook.


Res: 1.5465, 1.5490, 1.5543, 1.5573
Sup: 1.5344, 1.5336, 1.5325, 1.5296

http://mediaserver.fxstreet.com/Repo...0907082046.gif



USD/JPY

Returns to the negative tone, following an upside rejection at 85.21 on 03 Sep and today’s fresh attempt at the recent consolidation floor at 83.66/51. Potential break here to open the next phase lower and target 81.88, May 1995 low, short-term. Only regain of 84.65 would provide a near-term relief.

Res: 84.52, 84.65, 85.00, 85.19
Sup: 83.66, 83.51, 83.10, 82.30

http://mediaserver.fxstreet.com/Repo...0907082015.gif



USD/CHF

Last Friday’s upside rejection at 1.0237 confirms weakness, with market currently pressuring key longer-term bear flag support at 1.0065. Break here will suggest a significant medium-term weakness, with initial targets standing at 0.9980/16. Upside remains capped by 1.0141/86.

Res: 1.0141, 1.0186, 1.0224, 1.0237
Sup: 1.0065, 1.0027, 1.0000, 0.9980

http://mediaserver.fxstreet.com/Repo...0907081951.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/245778-windsor-brokers-short-term-technical-analysis-majors-08-20-gmt.html http://www.italkcash.com/forum/fx/245640-forexpros-daily-analysis-06-09-2010-a.html Mon, 06 Sep 2010 09:59:08 GMT _*ForexPros Daily Analysis September 06, 2010*_ _*Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price... ForexPros Daily Analysis September 06, 2010


Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action
Expert: Kris Matthews
When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are really telling them about the behavior and sentiment of the market. Kris Matthews presents in the final webinar of this four part series on trading sentiment, how to spot certain recurring types of price action that reveal valuable clues about the sentiment/direction of the market going forward.

Click here to join free

---

Euro Dollar

The Euro benefited from the US jobs report to approach 1.29 on Friday, and penetrated it after the market opened again last night. It seems like the Euro is targeting the top of the rising hourly channel which is illustrated on the attached chart. This top is at 1.2920, which is also Aug 18th high. When we take look at the hourly chart, we can spot an interesting support at 1.2777. This support is formed by Aug 27th high, and on Thursday, the price stopped 3 pips below it during the Asian session and 2 pips above it during the European sessions, which adds to its importance. Moreover, the rising trend line from Aug 31st low is now at 1.2837, providing the most important short term support. So, we will be in a neutral zone between 1.2920 & 1.2837, waiting for a break! If we break the resistance 1.2920, nothing will stop the Euro from reaching 1.3000, then the most important short term resistance 1.3047. On the other hand, support is at 1.2837, and if broken, we will drop to test the important 1.2777, and if broken, a strong drop will target 1.2676.

Support:
• 1.2837: the rising trend line from Aug 31st low.
• 1.2777: last week’s top, Aug 27th high, an obvious hourly support, and the rising trend line from Aug 31st low on the hourly chart. The single most important short term support without a shadow of a doubt.
• 1.2676: the bottom of the rising channel on the hourly chart.

Resistance:
• 1.2920: the top of the rising trend channel on the hourly chart, and Aug 18th high.
• 1.3000: psychological level.
• 1.3047: Fibonacci 61.8% level for the drop from the 4-month high of 1.3332.

---

GBP/USD

The Pound jumped after the market open and went back to test the important resistance area 1.5480/90, which was tested on the first day of this month, and dropped from there with more than 100 pips at that time. This area is formed between the short term Fibonacci 61.8% level at 1.5480, and Sep 1st high. Will the price break it or will it frustrate it again just like it did 5 days ago? We strongly believe that the reaction from this area is the single most important thing that will determine the direction for the next few hours. If we break it (And here we prefer a break of the top of the area at 1.5490, not the Fibo level at 1.5480), the price will jump to 1.5565, and may be later to 1.5669. On the other hand the support is at 1.5442, and breaking this level would mean we are getting far from the important 1.5480/90, and a new drop will start. The targets for such a drop are 1.5349, and 1.5262. everything depends on the reaction from the all important 1.5480/90.

Support:
• 1.5442: the rising trend line from Friday’s low on intraday charts.
• 1.5349: Thursday’s low.
• 1.5262: Jul 5th high.

Resistance:
• 1.5490: the top of the resistance area formed between Fibonacci 61.8% short term & Sep 1st high.
• 1.5565: the falling trend line from Aug 16th high.
• 1.5669: Aug 19th important top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time. ]]> FX forexpros2 http://www.italkcash.com/forum/fx/245640-forexpros-daily-analysis-06-09-2010-a.html http://www.italkcash.com/forum/fx/245635-windsor-brokers-short-term-technical-analysis-majors-08-00-gmt.html Mon, 06 Sep 2010 08:57:59 GMT EUR/USD Extends correction off 1.2586/1.2625, 24/31 Aug lows, with market currently attempting 1.2920/31, a break of which opens 1.2957, 50%... EUR/USD

Extends correction off 1.2586/1.2625, 24/31 Aug lows, with market currently attempting 1.2920/31, a break of which opens 1.2957, 50% retracement off 1.3332/1.2586 downleg. Near-term outlook sees scope for lower high, and loss of 1.2855 to open 1.2775 next. Upside, sustained break above 1.2957 would eye 1.2999/1.3045 instead.

Res: 1.2920, 1.2931, 1.2999, 1.3045
Sup: 1.2855, 1.2810, 1.2775, 1.2741

http://mediaserver.fxstreet.com/Repo...0906080443.gif



GBP/USD

Correction off 1.5325, 31 Aug low faces strong resistance at 23.6% retracement of 1.5997/1.5325 downleg, as market attempts for the second time. Scope is seen for higher low into 1.5500 zone, to extend underlying downtrend, with 1.5385/50 seen first, ahead of eventual attempt at 1.5325. Only regain of 1.5596, 26 Aug former high, would improve the outlook.

Res: 1.5490, 1.5543, 1.5573, 1.5596
Sup: 1.5385, 1.5350, 1.5336, 1.5325

http://mediaserver.fxstreet.com/Repo...0906080421.gif



USD/JPY

Undergoes range trading off 83.58/66, recent congestive lows, following Friday’s upside rejection at 85.21 and sharp reversal. Upside break above 85.21/89 is now required to resume recovery and expose key near-term resistance at 86.39, break of which would improve the outlook. Loss of 83.58/51, 24 Aug/02 June 1995 lows, however, will signal bear-trend resumption and target 83.00/82.30.

Res: 84.52, 84.67, 85.00, 85.19
Sup: 83.98, 83.66, 83.51, 83.10

http://mediaserver.fxstreet.com/Repo...0906080359.gif



USD/CHF

Remains in a corrective mode off 1.0063, 01 Sep low, also multimonth triangle support. Friday’s attempt higher resulted in an upside rejection and sharp reversal, signaling resumption of the underlying bear tone. Upside for now remains capped by 1.0237/1.0306, favoring fresh attempt at 1.0063, break of which would trigger a broader weakness. Only sustained break above 1.0306, would delay and allow for stronger correction.

Res: 1.0186, 1.0224, 1.0237, 1.0250
Sup: 1.0119, 1.0093, 1.0063, 1.0027

http://mediaserver.fxstreet.com/Repo...0906080326.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/245635-windsor-brokers-short-term-technical-analysis-majors-08-00-gmt.html http://www.italkcash.com/forum/fx/245266-windsor-brokers-short-term-technical-analysis-majors-08-00-gmt.html Fri, 03 Sep 2010 08:29:41 GMT EUR/USD Recovery off 1.25861.2625, 24/31 Aug lows has reached 1.2855, just below off 1.2870, 38.2% retracement of 1.3332/.2586. To resume... EUR/USD

Recovery off 1.25861.2625, 24/31 Aug lows has reached 1.2855, just below off 1.2870, 38.2% retracement of 1.3332/.2586. To resume recovery, break above 1.2931 is required, while loss of 1.2740 would signal bear resumption.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2775, 1.2741, 1.2725, 1.2693

http://mediaserver.fxstreet.com/Repo...0903075330.gif



GBP/USD

The recent recovery from the 1.5325, 31 Aug low has tested the 23.6% retracement of the 1.5997/1.5325 downleg, at 1.5483. Although a further recovery phase may be possible a lower high remains sought for a fresh push lower and retest of 1.5325.

Res: 1.5458, 1.5495, 1.5543, 1.5573
Sup: 1.5350, 1.5336, 1.5325, 1.5296

http://mediaserver.fxstreet.com/Repo...0903075306.gif



USD/JPY

Maintains negative tone, as recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while lift above 84.59/82 may seek a lower top under 85.89.

Res: 84.67, 84.82, 85.19, 85.46
Sup: 83.90, 83.66, 83.51, 83.10

http://mediaserver.fxstreet.com/Repo...0903075234.gif



USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0156, 1.0186, 1.0224, 1.0250
Sup: 1.0093, 1.0065, 1.0027, 0.9980

http://mediaserver.fxstreet.com/Repo...0903075203.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/245266-windsor-brokers-short-term-technical-analysis-majors-08-00-gmt.html http://www.italkcash.com/forum/fx/245107-windsor-brokers-short-term-technical-analysis-majors-14-45-gmt.html Thu, 02 Sep 2010 14:54:47 GMT EUR/USD Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with... EUR/USD

Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However, while 1.2870/1.2931 zone holds, the latest rally is seen corrective. Only break above the latter would signal stronger recovery.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2775, 1.2741, 1.2725, 1.2693

http://mediaserver.fxstreet.com/Repo...0902144205.gif



GBP/USD

Recovery attempt off yesterday's 1.5336 low reached 1.5490 today, ahead of fresh weakness. 1.5349 was seen so far, confirming the lower top at 1.5490, and possible break through 1.5336/25 to open 1.5125, 21 July low, next.

Res: 1.5458, 1.5495, 1.5543, 1.5573
Sup: 1.5336, 1.5325, 1.5296, 1.5250

http://mediaserver.fxstreet.com/Repo...0902144139.gif



USD/JPY

Maintains negative tone, as recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while lift above 84.59/82 may seek a lower top under 85.89.

Res: 84.67, 84.82, 85.19, 85.46
Sup: 83.90, 83.66, 83.51, 83.10

http://mediaserver.fxstreet.com/Repo...0902144116.gif



USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0186, 1.0224, 1.0250, 1.0261
Sup: 1.0065, 1.0027, 0.9980, 0.9960

http://mediaserver.fxstreet.com/Repo...0902143953.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/245107-windsor-brokers-short-term-technical-analysis-majors-14-45-gmt.html http://www.italkcash.com/forum/fx/245057-forexpros-daily-analysis-02-09-2010-a.html Thu, 02 Sep 2010 10:11:49 GMT _*ForexPros Daily Analysis September 02, 2010*_ _*Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a... ForexPros Daily Analysis September 02, 2010


Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction
Expert: Kris Matthews
When: Thu, Sep 2, 2010, 07:00 ET

In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of economic news releases to indicate the market’s true sentiment. Most traders avoid the news because it’s volatile, or only believe it has a short term effect, but the way price reacts technically to surprises in news events can give you information beyond what’s on the chart alone and allow you to avoid deadly traps.

Click here to join free

---

Euro Dollar

For the first time in 11 days the Euro reached 1.28, penetrating the resistance in yesterday’s report 1.2792, declaring that it refuses to give up. However, the rise stopped just before our target 1.2871, and the pair consolidated around 1.28 without getting very far from it, which keeps the hopes of more upside activity alive. Looking at the hourly chart, we see an obvious horizontal support at last week’s high 1.2777.

Support:
• 1.2777: last week’s top, Aug 27th high, and an obvious hourly support.
• 1.2676: the bottom of the rising channel on the hourly chart.
• 1.2550: the support area containing Jul 7th & 12th lows.

Resistance:
• 1.2825: Fibonacci 61.8% for the short term.
• 1.2595: Fibonacci 50% level for the drop from the 4-month high of 1.3332.
• 1.3047: Fibonacci 61.8% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

One again, Dollar/Yen traded below the 84 level for a short while, then jumped to around 84.60 and consolidated above 84, just like it did less than 24 hours ago! This is probably just a short break, and once it is over, we expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term.

Support:
• 84.06: Fibonacci 61.8% for the short term.
• 82.25: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 84.81: the falling trend line from Jun 4th top, a very important line.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBP/USD

The moment the Pound broke 1.5441 on Monday, this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 240 pips down from yesterday’s top, the short term correction we are seeing now is (As we said yesterday) no surprise, with a condition of staying below 1.5480. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. And now that we have tested 1.5480, we should wait and see what will the price do with it! Breaking this important level (in case it happens) can change the outlook dramatically! Short term support is at 1.5395, which was tested earlier this morning.

Support:
• 1.5392: short term 61.8% Fibonacci level.
• 1.5262: Jul 5th high.
• 1.5151: Jul 20th low

Resistance:
• 1.5441: the falling trend line from yesterday’s top on intraday charts.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5700: Aug 16th important top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time. ]]> FX forexpros2 http://www.italkcash.com/forum/fx/245057-forexpros-daily-analysis-02-09-2010-a.html http://www.italkcash.com/forum/fx/245043-windsor-brokers-short-term-technical-analysis-majors-08-45-gmt.html Thu, 02 Sep 2010 08:59:34 GMT EUR/USD Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with... EUR/USD

Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However, while 1.2870/1.2931 zone holds, the latest rally is seen corrective. Only break above the latter would signal stronger recovery.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2741, 1.2725, 1.2693, 1.2660

http://mediaserver.fxstreet.com/Repo...0902084244.gif



GBP/USD

Near-term structure off yesterday's 1.5336 low suggests scope for a further swing higher towards 1.5500 area, where a lower high may form. Reversal below 1.5336, however, opens up 1.5125, 21 Jul low. Reclaim of 1.5596, 26 Aug low improves.

Res: 1.5458, 1.5495, 1.5543, 1.5573
Sup: 1.5335, 1.5296, 1.5250, 1.5235

http://mediaserver.fxstreet.com/Repo...0902084212.gif



USD/JPY

Maintains negative tone, recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while 84.59/82 caps for now.

Res: 84.67, 84.82, 85.19, 85.46
Sup: 83.90, 83.66, 83.51, 83.10

http://mediaserver.fxstreet.com/Repo...0902084140.gif



USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0186, 1.0224, 1.0250, 1.0261
Sup: 1.0065, 1.0027, 0.9980, 0.9960

http://mediaserver.fxstreet.com/Repo...0902084103.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/245043-windsor-brokers-short-term-technical-analysis-majors-08-45-gmt.html http://www.italkcash.com/forum/fx/244844-forexpros-daily-analysis-01-09-2010-a.html Wed, 01 Sep 2010 10:10:26 GMT _*ForexPros Daily Analysis September 01, 2010*_ _*Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a... ForexPros Daily Analysis September 01, 2010


Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction
Expert: Kris Matthews
When: Thu, Sep 2, 2010, 07:00 ET

In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of economic news releases to indicate the market’s true sentiment. Most traders avoid the news because it’s volatile, or only believe it has a short term effect, but the way price reacts technically to surprises in news events can give you information beyond what’s on the chart alone and allow you to avoid deadly traps.

Click here to join free

---

Euro Dollar

Monday’s headline for the EURUSD was “Slowly rising, signaling weakness”, and the Euro listened, and kept on falling from the weekly open, losing more than 140 pips from yesterday’s Asian session high. And with this drop, the pair broke our support 1.2643 only to disappoint and drop less than 20 pips below it. But the surprise came yesterday just after the NY open, when the Euro bounced and jumped from its 5-day low at 1.2624, to 1.2741. This surprising jump could mean that the single currency has not given up yet, and that it will try to overcome a negative outlook.

Support:
• 1.2684: Fibonacci 61.8% short term.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.
• 1.2595: Fibonacci 50% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

Dollar/Yen traded below the 84 level for a short while, then jumped to around 84.60 and consolidated above 84. This is probably just a short break, and once it is over, we expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term.

Support:
• 84.11: the rising trend line from last week’s low on the hourly chart.
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 84.88: the falling trend line from Jun 4th top, a very important line.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBP/USD

The Pound broke the support specified in yesterday’s report 1.5405, and dropped exactly as expected to reach 1.5326, which was not enough to meet our suggested target which was pips below 1.53. With this break this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 240 pips down from yesterday’s top, the price is subject to a short term correction, with a condition of staying below 1.5480. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly. Short term support is at 1.5382, which we are trading just above as this report is prepared. If broken, the Pound will continue to fall, and it will target 1.5293 & 1.5224.

Support:
• 1.5382: short term 38.2% Fibonacci level.
• 1.5293: Jul 22nd high.
• 1.5224: Jul 6th high.

Resistance:
• 1.5480: Fibonacci 61.8% for the drop from Monday’s top.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time. ]]> FX forexpros2 http://www.italkcash.com/forum/fx/244844-forexpros-daily-analysis-01-09-2010-a.html http://www.italkcash.com/forum/fx/244832-windsor-brokers-short-term-technical-analysis-majors-08-00-gmt.html Wed, 01 Sep 2010 08:16:44 GMT EUR/USD Continues to trade within a shallow corrective channel, following the latest 1.2920/1.2588 downleg. Recent lower tops at 1.2778 and 1.2741... EUR/USD

Continues to trade within a shallow corrective channel, following the latest 1.2920/1.2588 downleg. Recent lower tops at 1.2778 and 1.2741 should now cap for an eventual break under 1.2631/24 to trigger a drop through 1.2586 to 1.2522 next.

Res: 1.2741, 1.2778, 1.2833, 1.2880
Sup: 1.2631, 1.2624, 1.2608, 1.2586

http://mediaserver.fxstreet.com/Repo...0901075853.gif



GBP/USD

Yesterday’s break belwo1.5371 support extended losses to 1.5325, with hourly structure now favoring the formation of a shallow retrace, towards 1.5441, 27 August low. However, break above 1.5441/75 will warn of fresh recovery phase.

Res: 1.5441, 1.5475, 1.5533, 1.5573
Sup: 1.5335, 1.5322, 1.5296, 1.5250

http://mediaserver.fxstreet.com/Repo...0901075833.gif



USD/JPY

Maintains negative tone, recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while 84.59/82 caps for now.

Res: 84.59, 84.82, 85.19, 85.46
Sup: 83.81, 83.58, 83.51, 83.10

http://mediaserver.fxstreet.com/Repo...0901075810.gif



USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0224, 1.0250, 1.0275, 1.0307
Sup: 1.0130, 1.0100, 1.0065, 0.9980

http://mediaserver.fxstreet.com/Repo...0901075723.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/244832-windsor-brokers-short-term-technical-analysis-majors-08-00-gmt.html http://www.italkcash.com/forum/fx/244699-windsor-brokers-short-term-technical-analysis-majors-14-00-gmt.html Tue, 31 Aug 2010 14:18:55 GMT EUR/USD Corrective phase off 1.2586 stalled at 1.2778, followed by reversal. Market retraced over 61.8% of 1.2586/1.2778 upleg, reaching 1.2624... EUR/USD

Corrective phase off 1.2586 stalled at 1.2778, followed by reversal. Market retraced over 61.8% of 1.2586/1.2778 upleg, reaching 1.2624 today, ahead of fresh strength. This now keeps near-term bulls alive, though break above 1.2778 is required to resume recovery. Otherwise, lower top and fresh weakness towards 1.2624/1.2586 would be likely scenario, as short-term outlook remains negative.

Res: 1.2745, 1.2778, 1.2833, 1.2880
Sup: 1.2624, 1.2608, 1.2586, 1.2522

http://mediaserver.fxstreet.com/Repo...0831135918.gif



GBP/USD

The latest break below 1.5371 marks completion of the corrective phase from 1.5371, with the desired bounce failing to gain traction. Immediate risk is seen for an extension lower, with focus on 1.5125 near-term.

Res: 1.5472, 1.5533, 1.5573, 1.5596
Sup: 1.5335, 1.5322, 1.5296, 1.5250

http://mediaserver.fxstreet.com/Repo...0831135852.gif



USD/JPY

Maintains negative tone, following yesterday’s failure of the recovery attempt from 83.58. Reversal off 85.89 has so far reached 84.04, opening way for retest of 83.58, yearly low, and 83.51, Jun 1995 low. Corrective attempts are seen limited by 84.50/82 zone for now.

Res: 84.53, 84.82, 85.19, 85.46
Sup: 84.04, 83.89, 83.58, 83.51

http://mediaserver.fxstreet.com/Repo...0831135827.gif



USD/CHF

Continues to trend lower after breaking below 1.0220, 27 Aug low, now threatening the yearly low at 1.0130. Break here would risk an extension towards 1.0025, 02 Dec 2009 high, possibly 0.9960, 03 Dec 2009 low. Upside, only regain of 1.0301 improves.


Res: 1.0224, 1.0250, 1.0275, 1.0307
Sup: 1.0162, 1.0130, 1.0027, 0.9980

http://mediaserver.fxstreet.com/Repo...0831135757.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/244699-windsor-brokers-short-term-technical-analysis-majors-14-00-gmt.html http://www.italkcash.com/forum/fx/244663-forexpros-daily-analysis-31-08-2010-a.html Tue, 31 Aug 2010 10:15:57 GMT _*ForexPros Daily Analysis August 31, 2010*_ _*Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency... ForexPros Daily Analysis August 31, 2010


Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction
Expert: Chriss Hall
When: Thu, Sep 2, 2010, 07:00 ET

In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of economic news releases to indicate the market’s true sentiment. Most traders avoid the news because it’s volatile, or only believe it has a short term effect, but the way price reacts technically to surprises in news events can give you information beyond what’s on the chart alone and allow you to avoid deadly traps.

Click here to join free

---

Euro Dollar

Yesterday’s headline for the EURUSD was “Slowly rising, signaling weakness”, and the Euro listened, and kept on falling from the weekly open, losing more than 130 pips from its Asian session high. And with this drop, the pair broke our support 1.2675 and dropped more than 40 pips below it so far. This break, even though did not have immediate results, will destroy the Euro on the short term, and probably harm it on the medium term as well. The reason we believe so is that, this break in specific is the single most important technical factor in classifying the rise from 1.2586 as purely corrective. Therefore, we expect the pair to lose ground, and start to drop with targets below last Tuesday’s bottom.

Support:
• 1.2643: important intraday level.
• 1.2550: the support area containing Jul 7th & 12th lows.
• 1.2432: Fibonacci 61.8% for the whole rise from 1.1875 to 1.3332.

Resistance:
• 1.2721: Fibonacci 61.8% for the drop from Friday’s top.
• 1.2792: Fibonacci 61.8% for the drop from 1.2920.
• 1.2871: Fibonacci 38.2% level for the drop from the 4-month high of 1.3332.

---

USD/JPY

Although it came close to the 86 level after this week’s open, reaching a 9-day high, Dollar/Yen came back down in the midst of the disappointment of the BoJ yesterday. The Yen is back in the driver’s seat, and it will drive this pair lower again. The support specified in yesterday’s report at 84.77 was broken, and the price dropped to 84.11 so far. We expect the Yen’s strength to continue, and we believe we will see levels below 83.58 on the short term. We have noticed an ideal (Dark Cloud Cover) candle pattern on the daily chart (please refer to the attached chart), and this is a well known bearish pattern which promises more excitement as we drop lower & lower, especially after the BoJ disappointing the markets yesterday, and the “Japs” saying that they are “watching the currency movement closely”! The market has had it with such statements, the “japs” now will have to take a seat and watch the spectacular Yen show against the Dollar & the Euro.

Support:
• 84.03: previous well known support/
• 82.50: the trend line combining the monthly lows of Dec 08, Jan & Nov 09, on the weekly chart.
• 80.00: psychological level.

Resistance:
• 85.21: Fibonacci 61.8% for the drop from yesterday’s high.
• 86.25: Jul 16th low.
• 86.81: Jul 26th & 27th low.

---

GBPUSD

Early this morning, the Pound broke the support specified in yesterday’s report 1.5441, after holding above it all day yesterday. With this break this pair has left the “neutral zone” which we said is between 1.5587 & 1.5441. Therefore, it is only logical now to expect the Pound to dive. But after more than 150 pips down from yesterday’s top, the price is subject to a short term correction, with a condition of staying below 1.5510. The Pound is notorious for breaking, then moving in the other direction, before moving in the right direction smoothly and strongly.

Support:
• 1.5405: previous support/resistance area.
• 1.5293: Jul 22nd high.
• 1.5224: Jul 6th high.

Resistance:
• 1.5510: Fibonacci 61.8% for the drop from yesterday’s top.
• 1.5596: Aug 26th high and the slowly falling trend line from Aug 16th top.
• 1.5757: Fibonacci 61.8% for the drop from Aug 6th major top.

---

Forex trading analysis written by Munther Marji for Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time. ]]> FX forexpros2 http://www.italkcash.com/forum/fx/244663-forexpros-daily-analysis-31-08-2010-a.html http://www.italkcash.com/forum/fx/244646-windsor-brokers-short-term-technical-analysis-majors-07-30-gmt.html Tue, 31 Aug 2010 07:56:00 GMT EUR/USD Failed to extend recovery off 1.2586, with reversal emerging from 1.2778, just above 23.6% retracement of 1.3332/1.2586 downleg. This has... EUR/USD

Failed to extend recovery off 1.2586, with reversal emerging from 1.2778, just above 23.6% retracement of 1.3332/1.2586 downleg. This has completed a rising wedge and market now looks for retest of 1.2586, break of which will open 1.2522 and 1.2480.

Res: 1.2675, 1.2715, 1.2745, 1.2778
Sup: 1.2608, 1.2586, 1.2522, 1.2480

http://mediaserver.fxstreet.com/Repo...0831073126.gif



GBP/USD

Correction from 1.5371 has stalled at 1.5596, just under 1.5610, 38.2% retracement of 1.5997/1.5371 decline, with bears now attempting to complete a three-legged reversal off 1.5596. Potential break below 1.5371 would open fresh weakness, as short-term outlook remains negative.

Res: 1.5472, 1.5533, 1.5573, 1.5596
Sup: 1.5371, 1.5335, 1.5322, 1.5296

http://mediaserver.fxstreet.com/Repo...0831073101.gif



USD/JPY

Maintains negative tone, following yesterday’s failure of the recovery attempt from 83.58 at 85.89. This now opens way for retest of 83.58, yearly low, and 83.51, Jun 1995 low. Corrective attempts are seen limited by 84.50/82 for now.

Res: 84.50, 84.82, 85.19, 85.46
Sup: 84.04, 83.89, 83.58, 83.51

http://mediaserver.fxstreet.com/Repo...0831073040.gif



USD/CHF

Continues to trend lower towards a major bear flag trendline at 1.0065, drawn off the Mar 2008 low. Cycle low at 1.0220, 27 Aug low, is now being lost, with next target standing at 1.0130, 2010 low, posted 11 Jan. Upside, 1.0310/19 zone expected to cap.

Res: 1.0250, 1.0275, 1.0307, 1.0325
Sup: 1.0182, 1.0162, 1.0130, 1.0065

http://mediaserver.fxstreet.com/Repo...0831073014.gif ]]> FX WindsorBrokers http://www.italkcash.com/forum/fx/244646-windsor-brokers-short-term-technical-analysis-majors-07-30-gmt.html