The Advisor Weblog |
- Eur/Aud, bullish momentum extends
- AUD/USD probable reversal in the daily chart
- Aud/Usd, leading the way
- GBP/USD technical perspective
- Best pair to trade now:EUR/USD
- Majors’ sentiment for today
- Starting the day
- Weekly Markets Opening Live Coverage
- Non-Farm Payrolls Release Live Coverage
Eur/Aud, bullish momentum extends Posted: 08 Mar 2010 04:14 PM PST EUR/AUD lost past session opening strength, and as comment yesterday, pair bearish midterm perspective remains unchanged. Quoting under 1.5000 area, pair has a multi years low at 1.4945 reached past week. Acceleration under that level, should send the pair lower, to the 1.4900 zone. Above 1.5030, yesterdays’ high first resistance area comes at 1.5060 ahead of 1.5110. |
AUD/USD probable reversal in the daily chart Posted: 08 Mar 2010 04:06 PM PST Daily charts on AUD/USD show a probable reversal formation, after yesterday’s run to the 0.9130 high. Technically, also indicators are pointing lower, thus 20 SMA still strongly bullish under current price, needs to reverse to confirm further midterm falls. 0.9060 area, yesterday low, is firs support area for the pair, followed by 0.9010/20 zone. Under that, again will come into play strong 0.8940/60 congestion zone, that halt pair rallies several times in the past two months. To the upside, above 0.9100, resistance levels lie at 0.9130, yesterday’s high and above, the 0.9180 zone. |
Posted: 08 Mar 2010 05:03 AM PST Australian dollar holds past asian session strength, and quotes steady above 0.9100 area. Despite indicators show no real upside strength, pair bullish momentum likely to extend above 0.9140 resistance area; as comment early Asia, next resistance levels lie at 0.9180/0.9200 zone, while supports are located at 0.9100, and 0.9070. Always keep in mind, Aud strength against Dollar tends to favor Gbp and Eur gains also. |
Posted: 08 Mar 2010 04:35 AM PST GBP/USD remains trading in a tight range, still above 20 SMA in the 4 hours charts, that is slowly attempting to regain the upside, despite indicators lad lost upside strength. Pair has a slightly bearish perspective coming from indicators, yet if accelerates above 1.5165, likely to retest 1.5210/30 strong resistance area. First support comes at the 1.5110 area, today’s low, followed by 1.5060 congestion zone.
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Best pair to trade now:EUR/USD Posted: 08 Mar 2010 03:43 AM PST Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-08.html |
Posted: 08 Mar 2010 02:52 AM PST |
Posted: 08 Mar 2010 02:37 AM PST Hi everyone and welcome back! another quiet start of the week, yet ruled by general optimism regarding global economic recovery after past Friday’s US employment data, that triggered some risk appetite across the board. Commodity currencies remain the major winners of the session,while safe haven yen the loser. Euro and Pound managed to regain some ground in Asia, but lost momentum during early Europe, and trade around past Friday’s closing levels against dollar, following local share markets that trade in red. No majors reports ahead for the US session, so again sentiment will rule the markets. Have a great trading day! |
Weekly Markets Opening Live Coverage Posted: 08 Mar 2010 02:16 AM PST |
Non-Farm Payrolls Release Live Coverage Posted: 08 Mar 2010 02:03 AM PST |
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