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AnalysisTitle:
Technical analysis of the USD/CAD pair on April 20th, 2011
Commentary of the USD/CAD pair :
A strong bearish movement occured on the pair USD/CAD which broke all its supports at 0.9615 and 0.9593. The breakout of the last one gave us a sell signal. Currently, the pair is testing the next support (last lowest of the pair) at 0.9550. We maintain to trade only short positions as far as 0.9593 is resistance. The breakout of 0.9550 will give a new sell signal and wil open the way towards 0.95.
See the previous analysis of the USD/CAD pair of April 19th, 2011
Title:
Technical analysis of the USD/CHF pair on April 20th, 2011
Commentary of the USD/CHF pair :
The pair USD/CHF made a false breakout of 0.8984 to make a pullback on 0.90. We maintain to trade only short positions as far as 0.90 is resistance. The breakout of 0.8921 (level 0%) will give a new sell signal. However, if 0.90 is broken, we will be neutral between this level and 0.9042.
See the previous analysis of the USD/CHF pair of April 19th, 2011
Title:
Technical analysis of the USD/JPY pair on April 20th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY made a correction and broke its bearish slant. However, we maintain to trade only short positions as far as 83.07 is resistance. A return below 82.66 will comfort our bearish feeling and the breakout of 82.03 (level 38.20%) will give a new sell signal. The next support is at 81.37. However, if 83.07 is broken, we will be neutral between this level and 83.50.
See the previous analysis of the USD/JPY pair of April 19th, 2011
Title:
Spot gold breaches $1,500, silver at 31-year high
Spot gold prices breached $1,500 for the first time and silver hit a 31-year high on Wednesday, supported by a weak dollar and concerns over a sovereign debt crisis in the euro zone.
Lofty oil prices, inflation concerns, worries over the euro zone sovereign debt crisis as well as political tensions in places like the Middle East should keep gold strong for the time being, analysts said.
"There are not a great deal of reasons to sell it at the moment, apart from concerns that there are a lot of longs in the market and there is a risk of sell-off at some point," said Darren Heathcote, head of trading at Investec Australia.
Spot gold rose to $1,500.16 an ounce before easing slightly to $1,499.10 by 0513 GMT, up 0.4 percent. U.S. gold futures rose to a record of $1,500.90.
The dollar index ...
Title:
Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Renewed strength from yesterday’s fresh two week spike low at 1.4156 regained 1.43 barrier, with 1.4315 seen so far, and retraced over 38.2% of 1.4518/1.4156 decline. Dynamic 20 day MA support, currently at 1.4244, underpins the advance, with break above 1.4315, to focus 1.4336/49, 50% retracement / yesterday’s intraday high. Further up, clearance of 1.4380/1.4400 zone is needed to re-expose 1.45 and confirm higher low at 1.4156, otherwise, early upside rejection would risk lower top and fresh leg lower.
Res: 1.4315, 1.4336, 1.4349, 1.4380
Sup: 1.4264, 1.4244, 1.4204, 1.4156
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20110419133958.gif
GBP/USD
Yesterday’s loss of 1.6226, key near-term support has spiked to 1.6165, fresh two-week low, ...
Title:
MPC Minutes Unlikely to Signal May Rate Rise
Economic Data Analysis
MPC Minutes Unlikely to Signal May Rate Rise
* UK rate debate in focus, April's minutes unlikely to signal rate change in May with growing risks to the economic outlook.
* March's retail sales could prove erratic, but trend appears weak and more recent developments likely to persuade Committee to leave policy on hold for now.
* Eurozone PMIs to post only a modest decline, despite high oil and strong euro, robust expansion intact, led by Germany.
MPC minutes unlikely to signal May hike: This week's April MPC minutes will be watched closely by the markets for guidance about the committee's near term policy intentions. The drop in the March inflation data has caused the market to reassess the prospects for May, with the probability attached to a rise next ...
Title:
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Extended reversal from 1.45 area, to clear 61.8% retracement of 1.4020/1.4518 upleg at 1.4210 and post fresh two-week low at 1.4156, just ahead of 1.4150 support Recovery/consolidation is under way, attempting to hold gains above hourly 20 day MA, currently at 1.4230 and signal further recovery, for upside test of 1.4300/28. Deeply oversold 4- hour conditions, also suggest correction higher. On the downside, loss of 1.4156/50 handle, will open 1.4050, ahead of possible full retracement at 1.4020.
Res: 1.4245, 1.4274, 1.4300, 1.4349
Sup: 1.4204, 1.4156, 1.4150, 1.4060
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20110419071611.gif
GBP/USD
Yesterday’s loss of 1.6226, key near-term support has spiked to 1.6165, fresh two-week low, ahead of ...
Title:
Forex Technical Analysis: 04/19/2011
- Forex Technical Analysis: 04/19/2011 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
Crude Oil Technical Analysis
XAG/USD (Silver) Technical Analysis
XAU/USD (Gold) Technical Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on April 19th, 2011
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD continues its bullish rallye towards new historical highs. The pair almost reach 1500 points. All indicators are bullish. We maintain to trade only long positions as far as 1475 is support. The breakout of 1500 will give a new buy signal and will open the way towards new historical highs (possible resistances : 1510-1520).
See the previous analysis of the XAU/USD pair of April 18th, 2011
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