The Advisor Weblog

Indian Rupee and Singapore Dollar
Hourly perspective for the US session
Majors’ sentiment for today
Starting the day

Posted: 18 Nov 2010 03:38 PM PST

Euro managed to extend gains this Thursday, as some relief about Ireland situation triggered a recovery in risk appetite, sending dollar against major rivals, exception made by Swiss Franc and Japanese yen, safe haven currencies.

EUR/SGD broke above 1.7620 Fibonacci resistance, now strong support level, and extended gains to current 1.7670 area; closing the day near daily high, price is above 20 SMA, while momentum is heading slightly higher, supporting a continuation for current Asian session; 1.7710 and 1.7780 are the bullish targets for the cross and resistances levels, while only below 1.7620 trend could turn back lower, with supports then at 1.7565 and 1.7530 weekly low.

EUR/INR is back nearing 62.00 psychological level having reached 61.78 as intraday high, and holding a bullish tone in the 4 hours charts, although lacking strength right now: Once Nikkei open, strong bullish continuation rallies on increased volume could be seen if above 62.00, with resistances above this last at 62.40 and the 62.70 price zone. Loses below 61.20 are not actually seen, yet below this last, pair could regain the downside with immediate supports at 60.80 and the 60.40 price zone.

Hourly perspective for the US session

Posted: 18 Nov 2010 06:40 AM PST

Here is the hourly perspective updated for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-11-18.v02.html

Majors’ sentiment for today

Posted: 18 Nov 2010 04:10 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Neutral

Eur/Gbp: Slightly Bullish

Eur/Jpy: Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 18 Nov 2010 04:04 AM PST

Hi everyone and welcome back! Risk aversion has receded since past Asian opening, and with gold nearing $ 1360/oz, dollar is back down across the board. As comment these days, the metal leads the way.

EUR/USD has reached 1.2664 and remains close to it, after breaking past Asian session the daily descendant trend line coming from 1.3735, past November 9th high. That is the bullish target for the cross if it keeps current bullish momentum, and extends above today’s high.

GBP/USD ais to regain the 1.6000 level, with 1.6060 as probable target for the movement, as long as now, above 1.5950 support area. As usual at this time of the day, majors are getting more slow, as investors wait for US data to be release in a couple of hours.

Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!