The Advisor Weblog |
- Hourly perspective for U.S. session
- Usd/Jpy technical view
- Best pair to trade now: EUR/USD
- Eur/Usd for today
- Majors’ sentiment for today
- Starting the day
| Hourly perspective for U.S. session Posted: 30 Nov 2009 06:21 AM PST Here is the hourly perspective for U.S. session, with charts:
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| Posted: 30 Nov 2009 05:43 AM PST After hitting an almost 15 years low, pair has closed Friday with quite a reversal candle formation, yet under 87.00 area, meaning bearish trend is not over in the term. 4 Hours charts indicators for today seems slightly bullish, yet looking at past week downside rally Fibo, we found that pair has been capped in between levels: 50% retracement comes also at the 87.00 zone, first resistance to consider from current level, followed by the 87.40 area, and above, 87.80. Supports for next hours are located at 86.40, 86.10 and today’s low, also 23.6% retracement at the 85.80 area.
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| Best pair to trade now: EUR/USD Posted: 30 Nov 2009 05:12 AM PST Here is my choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-30.html
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| Posted: 30 Nov 2009 04:11 AM PST Eur/Usd is losing part of the upside momentum gained in Asian session, and now test the 20 SMA in this 4 hours charts, that should act as dynamic support, as we are also around the 1.5020 area, that has capped the upside for long before pair reached a fresh yearly high close to 1.5100. Pair remains slightly bullish as long as above this 1.5000/20 support area, with next resistances coming at 1.5060 and the 1.5085/95 area. Clear break above, should send the pair to the 1.5160 level, 76.4% retracement of the monthly fall 1.6038/1.2330. To the downside, today’s low around 1.4970 seems to be the key support level to watch: break under should send the pair to test the 1.4930 area, and under 1.4880/1.4900. As usual, stocks and gold will be leading the pair movements.
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| Posted: 30 Nov 2009 03:15 AM PST Here is majors’ sentiment for today: Eur/Usd: Slightly Bullish Gbp/Usd: Bearish Usd/Chf: Slightly Bearish Usd/Jpy: Bearish Eur/Gbp: Bullish
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| Posted: 30 Nov 2009 02:57 AM PST Hi everyone, and welcome back! With a nice recovery in Asian indexes, dollar lost ground since past Sunday opening, rally that halted in Europe as European markets opened to the downside: fears regarding Dubai World bad debt remains and Euro and Pound gave up part of the wined ground. Gold remains unchanged just above $ 1170/oz. Japanese Yen remains strong while Japan Prime Minister Hatomaya talk about act in respond to rising yen, still remaining just talking but to consider a bit more seriously. Not a law, but remember Japan usually do this movements on weekends. Anyway, let’s start with the technicals for today. Here is the link for today's calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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