| EUR/USD Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:30 AM PDT By ForexMansion.com
The EUR/USD pair had a slightly bearish day today, as the bulls have taken a break from the mass amount of buying seen recently. The 1.49 area is proving difficult, but the fact is the trend is firmly up from here. A pullback could be in the cards, and would be welcome by the traders that missed the original move up. Look to buy on support areas such as 1.45 and 1.43 as well. Selling isn't advised. Originally posted here
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| USD/CHF Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:28 AM PDT By ForexMansion.com
The USD/CHF has made new lows this week, and continues to punish the USD. The Federal Reserve's lack of defense for the dollar should ensure that this pair continues to fall for the foreseeable future. The Swiss National Bank tried to intervene and sell the franc months ago, and has since given up. The pair is a "sell the rallies" type of market now, and until we break back over the 0.90 mark. Originally posted here
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| AUD/NZD Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:26 AM PDT By ForexMansion.com
The AUD/NZD pair rose this week, and showed that the trend is in fact still working. This bodes well for the bulls, as the 1.32 level was considered to be all-important to their success. Look to buy on dips as long as we are above the 1.32 mark. Originally posted here
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| EUR/CHF Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:22 AM PDT By ForexMansion.com
The EUR/CHF fell a bit this week, but not significantly so. This pair is starting to look a lot like a sideways market, which isn't surprising as it has been so bearish over the last few years. It had to rest sooner or later. Currently, it is a scalper's market, and is hard to play from the long-term side of things. Look to buy on a break above 1.32, and sell on new lows. More than likely, you'll be doing neither this week. Originally posted here
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| EUR/CHF Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:21 AM PDT By ForexMansion.com
The EUR/CHF fell hard today, but still remains in the consolidation area between the 1.27 mark and the 1.30 area. The pair remains a good one for scalpers, but not so much for longer-term or trend traders. The pair looks to remain sideways for quite some time as the downtrend was so relentless for so long. Look to buy at the 1.27 area, and to sell at the 1.30 area until we break out either higher or lower than this range. Originally posted here
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| NZD/USD Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:21 AM PDT By ForexMansion.com
The NZD/USD pair rose again today, testing the recent highs. It appears that we are consolidating between the 0.80 and 0.81 levels. This shouldn't be a surprise as the pair has risen so much. If we break below the 0.80 level – don't fret it as we need a pullback and this could bring in new buyers at the 0.78 and 0.75 levels. If we break higher – it is going to be difficult to follow it. Originally posted here
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| NZD/USD Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:20 AM PDT By ForexMansion.com
The NZD/USD keep rising, and seemingly can defy gravity at this point. This is a perfect reason to be skeptical, as the market simply doesn't seem to be able to fall at the moment. Because of this, we want to see pullbacks to the 0.78 and possibly 0.75 levels before buying. At this point, if you buy – you are chasing. Originally posted here
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| GBP/USD Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:18 AM PDT By ForexMansion.com
The GBP/USD rose this week, but currently finds itself at the all-important 1.68-1.70 level. This is the area that we have been aiming for during the last several months. At this point, we need to make a decision. The signal is simple: On deep pullbacks, look to buy at support areas such as the 1.63 level. If we get a daily close above the 1.70 mark, we are going to at least 1.85, and probably 2.00 as well. Selling isn't advised at the moment as this pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| GBP/USD Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:17 AM PDT By ForexMansion.com
The GBP/USD rose today, even after printing a beautifully bearish shooting star yesterday. However, we didn't break above that shooting star, so we must consider the top of it as resistance. On pullbacks, this pair is a buy as there are plenty of support levels below, and the outlook for the USD is so weak. The general action of the pair suggests a pullback, and then a grind upward. Look for support below at the 1.65 and 1.63 areas. Originally posted here
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| AUD/USD Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:15 AM PDT By ForexMansion.com
To say that the AUD/USD is parabolic at this point is only stating the obvious. The bulls that got involved in this pair 6 weeks ago couldn't have ever predicted what has happened. However, looking at the chart now – you can see a pullback is absolutely necessary. The 1.10 area is in sight, but a 13 cent move in 5 weeks or so is a bit much. Expect a pullback soon, and look to buy on signs of support at 1.05 and 1.02 levels. Buying at this point is very … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/USD Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:14 AM PDT By ForexMansion.com
AUD/USD is parabolic at this point, and is getting dangerous to own. The only thing that I can think of that would be worse is to sell it. Granted, there is a pullback coming, but we never really know when that is. Because of this, look to buy pullbacks at the 1.05 and 1.02 levels as this is certainly a bull market, but is overextended. If you buy here, you are simply chasing the market. Originally posted here
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| USD/CAD Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:11 AM PDT By ForexMansion.com
The USD/CAD pair has retested and stopped at the recent all-time lows in the 0.9450 area as the current outlook for the USD is so weak. Add in the fact that Canada exports so much oil to the USA – and this makes for a perfect storm. Look to sell on a break of the lows, and any rallies as long as we stay below the 0.97 level. Buying is a great way to lose money at this point. Originally posted here
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| USD/CAD Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:11 AM PDT By ForexMansion.com
The USD/CAD pair has fallen again, and currently sits at about the 0.9450 level. This shows that we continue to weaken, and the lack of strength coming out of the US camp should push this pair lower. Add to that the bullish picture in the oil pits, and this pair goes lower. Sell any and all rallies up to the parity level. Originally posted here
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| Gold Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:06 AM PDT By CommoditiesMansion.com
Gold continues to shoot absolutely straight up as traders are trying to find something that holds value since the US dollar isn't. The truth is that it appears gold has a long way to go before it finds a top, but a pullback is to be expected with this kind of angle on the charts. Due to recent action, we see the $1,500 mark as a major support area now, and would love to buy gold back down towards those levels. If you are not involved in this trade, you … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Gold Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:05 AM PDT By CommoditiesMansion.com
Gold extended its already impressive run north today, as trader flooded the market with buy orders. However, if you are not in the market at this time, the only prudent action you can take is to wait for a pullback as buying at these levels is simply chasing the trade. Look to see a pullback to perhaps $1,500 which should be very supportive. You should note however, that it might take a while for gold to fall back down there. Originally posted here
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| EUR/JPY Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:03 AM PDT By ForexMansion.com
The EUR/JPY pulled back today, and is closing towards the lows of the day. However, it should be noted that we stopped right at the all-important 120 level, which could cause a bounce. In fact, we suspect that there are only two levels to worry about in this pair: the 120 and 115 levels, both of which should be supportive. It really only comes down to which one is the launching point. Selling isn't advised – there are no less than 6 central banks selling yen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/JPY Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 08:01 AM PDT By ForexMansion.com
The EUR/JPY rose slightly this week, but seems like it wants to spring from the 120 level, and continue its recent bullishness. This should serve as a launching point to 125, and perhaps even 130 in the near future. A break below will only find its way down to 115, which is supported by central bank buying from a couple of weeks ago. Selling isn't advised because of this. Originally posted here
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| GBP/CHF Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 08:00 AM PDT By ForexMansion.com
The GBP/CHF fell today and bounced from the daily low. The pair still looks very weak, and the 1.45 area continues to show itself to be resistance. The market should only be sold as long as we stay below that mark, and could quickly try to retest the recent all-time lows as the bearish pressure has been relentless over the last couple of years. Look to sell rallies as they come. Originally posted here
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| GBP/CHF Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 07:59 AM PDT By ForexMansion.com
The GBP/CHF fell again this week as the long-term downtrend remains firmly intact. It should be noted that this is the third attempt at breaking below the 1.44 level, and support seems to be building. Is it trend –changing support? Unlikely. But it could be a slight bounce waiting to happen. Of course, it will only serve as a selling opportunity for the bears over all. Look to sell a rally, and sell if we break to all-time lows again. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/GBP Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 07:58 AM PDT By ForexMansion.com
The EUR/GBP fell hard today, showing it isn't ready to breakout above the 0.89 mark yet. This leads us to believe that more consolidation is in the future, and we could be hanging about this area for a while. Look to buy at 0.87 on signs of support, and sell at 0.89 on signs of weakness. This range could last for a while, as this pair can go sideways for very long periods of time. Originally posted here
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| EUR/GBP Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 07:57 AM PDT By ForexMansion.com
The EUR/GBP rose this week, but is still stuck between 0.87 and 0.89 as consolidation reigns supreme in this market. Look to buy if we break above the 0.89 level, and sell if we fall below the 0.87 mark. Until then, this is a scalper's market, and not suited towards longer-term trading. Originally posted here
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| GBP/JPY Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 07:55 AM PDT By ForexMansion.com
The GBP/JPY had a very neutral week, and looks set to try and use 135.50 as a support level in order to rise. Remember, central banks are below, and will certainly support this market if need be. Look to buy on a rise in value form this area, as it is so important. If we get supportive action, we will more than likely head towards 1.40 and 1.45 in fairly quick fashion. Originally posted here
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| GBP/JPY Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 07:53 AM PDT By ForexMansion.com
The GBP/JPY fell today, but is forming a hammer at the all-important 135.50 area. This would jive well with the notion that this area is important and could be supportive as well. This bodes well for the bulls, and could present a long-term buying opportunity as the massive move up from the bottoms could be getting ready to wind up again. Originally posted here
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| Natural Gas Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 07:51 AM PDT By CommoditiesMansion.com
The natural gas markets finally broke above the $4.50 level today, showing real strength and all but confirming the trend change for the moment. Selling isn't recommended as the commodity has made a higher low, and now has made a higher high – the very definition of an uptrend. Look to see the market pullback and retest $4.50 as support. If it does – we will make a run to $4.80 quickly. Originally posted here
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| Natural Gas Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 07:50 AM PDT By CommoditiesMansion.com
The natural gas markets have smashed through the $4.50 mark, showing a higher high. This followed a higher low a couple of weeks ago, which suggests we may be looking at a trend change finally. This market has been beat up for a few years now, and looks to bounce hard. Due to the rising prices of oil, natural gas is a perfectly acceptable alternative in power generation. The chart shows that the $4.80 level is the next one to be tested. Because of the action … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Oil Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 07:48 AM PDT By CommoditiesMansion.com
Light Sweet Crude
The CL had a relatively quiet day today, testing the highs, but failing to close above them. It should be noted that we did not fall far from them though. This suggests that the bulls are starting to wake up, and may make a massive push next week to break higher ground. Selling isn't advised, but buying on a pullback is correct, especially if it is down near the $105 area. (If we get that low.) A daily close above the $115 mark would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Oil Technical Analysis For The Week Of May 2, 2011 Posted: 30 Apr 2011 07:47 AM PDT By CommoditiesMansion.com
Light Sweet Crude
The CL continues to push higher, and is currently testing the recent highs at the $113-$114 area. Every time this market has pulled back, there has been a buying opportunity. There is nothing on this chart that suggests this will end, as the US dollar is currently falling in value against almost all other currencies and markets. Look to buy on a daily close above $114 and on any supportive action after a pullback. Brent
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| USD/JPY Technical Analysis For May 2, 2011 Posted: 30 Apr 2011 07:46 AM PDT By ForexMansion.com
The USD/JPY continues to act like the little sister of all the other xxx/JPY pairs. The pair looks like it is trying to find support at the 80-81 area, and should see buyers step in somewhere near where we stand now. The central banks are below, and because of this – we simply cannot sell. The market looks ripe for a bounce, and any supportive action in this neighborhood could represent a longer-term buying opportunity. Originally posted here
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