| Gold Futures – Weekly Review: June 20-24 Posted: 26 Jun 2011 03:10 AM PDT Forex Pros – Last week saw gold prices post their biggest weekly decline in two months, as a broadly stronger U.S. dollar and easing concerns over oil-led inflation reduced the appeal of the precious metal. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery settled at USD1,503.15 a troy ounce by close of trade on Friday, dropping 2.4% over the week.<br /><br />Prices fell below the psychologically important level of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| Forex – USD/JPY Weekly Outlook: June 27- July 1 Posted: 26 Jun 2011 03:03 AM PDT Forex Pros – Last week saw the U.S. dollar edge slightly higher against the yen, finding support after Federal Reserve policymakers said the central bank won’t add to stimulus measures after its second round of quantitative easing ends this month.<br /><br />USD/JPY hit 80.79 on Thursday, the pair’s highest since June 16; the pair subsequently consolidated at 80.40 by close of trade on Friday, easing up 0.34% over the week.<br /><br />The pair is likely to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| Forex – Weekly Outlook: June 27- July 1 Posted: 26 Jun 2011 01:22 AM PDT Forex Pros – The euro ended down against the U.S. dollar for a third successive week on Friday, as concerns that Greece’s debt crisis would spread to affect the region’s banking system weighed.<br /><br />Trading in Italian bank shares was suspended briefly on Friday after ratings agency Moody’s said it was considering downgrading the creditworthiness of 13 of the country’s banks, as they would be vulnerable to a cut in the government’s credit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/JPY Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:54 AM PDT By ForexMansion.com
USD/JPY fell again Friday, but gained all of its losses back, forming a hammer just above the 80 level. This is a bullish sign, and the pair seems to be finding a floor at 80 – something that the market seems to be alright with. The pair remains a "buy only" pair until we break below that 80 level. With central banks waiting below – we don't sell. Originally posted here
Find more information about technical analysis, fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CHF Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:53 AM PDT By ForexMansion.com
USD/CHF fell on Friday, but managed to pop up towards the end of the day. The daily candle has formed a nice hammer above the 0.83 area, and looks like it could be a place we see a bounce. However, the 0.85 area could be a massive resistance area, and selling form that area is much more attractive than trying to trade countertrend. If we break 0.83, we are looking to sell as well. Originally posted here
Find more information about technical analysis, fundamental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CAD Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:52 AM PDT By ForexMansion.com
USD/CAD shot straight up on Friday, and managed to close at the highest level this pair has seen since March. The pair will certainly see massive resistance at 1.00, so an upside move could be somewhat capped at the moment. However, one will have to follow the oil markets to make sense of this pair as so much has being going on over in that market that it continues to push the Canadian dollar around. Originally posted here
Find more information about technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| NZD/USD Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:51 AM PDT By ForexMansion.com
NZD/USD fell Friday, but managed to hang onto the support area of 0.81 or so. This shows that the pair may be rolling over slightly, but let us not forget – the trend is most certainly up. The 0.78 to 0.81 area is a massive consolidation area, so any move down would have to deal with that. We are waiting for pullbacks in order to buy presently. Originally posted here
Find more information about technical analysis, fundamental analysis and news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/USD Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:50 AM PDT By ForexMansion.com
GBP/USD fell again Friday, but managed to hang onto the support area between 1.59 and 1.60 – but only barely. The pair looks to be on the back foot, and any move below 1.59 could spell serious trouble for the Pound. The economic fundamentals out of the UK are looking worse by the day, and as such line up quite well with this chart. We no longer buy this pair, but would rather sell a breakdown below 1.59 or so. We would also sell any significant rallies as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/JPY Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:49 AM PDT By ForexMansion.com
GBP/JPY fell again Friday, and looks set to continue its weakness. However, we do not like to short a pair in the face of so many central banks, even if the real concern to them is in the USD/JPY pair. By not tempting fate, we can focus on more clearly laid out pairs, such as the ones involving the Swiss franc. Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/CHF Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:48 AM PDT By ForexMansion.com
GBP/CHF fell again Friday, retesting the all-time lows made earlier in the week. The pair looks horrible, and we can say with certainty that it is a "sell only" pair. We like selling rallies, and after this most recent plunge lower, we may get that chance soon. However, we wouldn't be shy about selling upon making new lows either. Originally posted here
Find more information about technical analysis, fundamental analysis and news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/USD Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:47 AM PDT By ForexMansion.com
EUR/USD fell again on Friday as investors are still focusing on the Greek debt issues. The entire region of Europe seems to be something that a lot of traders want little to do with, and this has shown itself in the form of volatile trading ranges. The pair looks to continue the range bound trading it has shown between the 1.45 and 1.40 areas, but looks like it wants to tighten that range a bit – a perfect example of a confused market. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/JPY Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:47 AM PDT By ForexMansion.com
EUR/JPY fell again Friday, testing the all-important 113.50 area again. This is the 5th time in the last 7 or 8 days, and one has to think that it will give way sooner or later. The situation in Europe certainly isn't helping the idea of a higher Euro versus the Yen, and the chart shows it. We feel that a breakdown of this pair past that level is a sell signal as the central banks certainly understand that this pair is probably being pushed around by European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/GBP Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:46 AM PDT By ForexMansion.com
EUR/GBP fell again on Friday as traders keep finding reasons to hate the Euro. However, the Pound isn't much loved either at the moment with possible quantitative easing in the near future. Because of this, the pair simply seems like it is confused at these levels, and doesn't give us clear trading signals. We want to see a move past 0.90 or below 0.86 in order to get involved. Originally posted here
Find more information about technical analysis, fundamental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/CHF Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:45 AM PDT By ForexMansion.com
EUR/CHF fell again on Friday as investors bought the Franc for a bit of safety as the European issues still weigh on the market. The pair looks very week, and should continue its bearish run as the trend is in favor of that, and we have recent broken down past the 1.20 mark – a key level. We continue to sell rallies. Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/USD Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:44 AM PDT By ForexMansion.com
AUD/USD fell on Friday, but managed to finish just at the 1.05 level, a major support area. As you can see on the chart, there is a downtrend line that is forming the top of a descending triangle currently, and could spell trouble for this pair in the near future. However, it is such a bullish pair, we feel that any fall should simply be a buying opportunity somewhere down the road, perhaps the 1.02 area, which is solid support. A break above the downtrend line on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/NZD Technical Analysis For June 27, 2011 Posted: 24 Jun 2011 09:43 AM PDT By ForexMansion.com
AUD/NZD rose on Friday, but just barely. The pair looks very tight, and stuck between the 1.32 and 1.28 areas. The pair is also a scalper's pair at the moment, with the ping pong action favoring that kind of trading. The closer we get to 1.28, the more likely we are to buy a short-term small position. Originally posted here
Find more information about technical analysis, fundamental analysis and news on ForexMansion.com.
About ForexMansion.com:
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/JPY Technical Analysis For The Week Of June 27, 2011 Posted: 24 Jun 2011 09:34 AM PDT By ForexMansion.com
USD/JPY had a slightly bullish week, and seems to have found a bottom in the form of 80. The pair looks like it is respecting this area, and as such, we have found many short-term trades recently. But on the long-term front, there is no setup yet. However, on could trade this blindly with a stop just below 80 – say at 79.50 or so. Keep in mind that if you are entering a long-term trade at this point, you might be waiting for a while to see your profits come … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CHF Technical Analysis For The Week Of June 27, 2011 Posted: 24 Jun 2011 09:33 AM PDT By ForexMansion.com
USD/CHF had a bearish week again, and even fell towards the all-time lows in the 0.83 area. The pair is certainly in bearish mode, and has been for years. Because of this, we still recommend selling rallies, and looking for pre-set selling zones such as the 0.85 area. We never buy this pair. If the pair breaks below 0.83, that is a sell signal as well. Originally posted here
Find more information about technical analysis, fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CAD Technical Analysis For The Week Of June 27, 2011 Posted: 24 Jun 2011 09:33 AM PDT By ForexMansion.com
USD/CAD had a bearish, then bullish week as the oil markets have been rocked by a release of strategic oil reserves from the largest economies around the world. As oil drives the value of the CAD, it shouldn't be surprising that the USD/CAD ended up higher. We managed to break above the 0.9850 area – and it appears that the pair likes the idea of running towards parity. However, we don't suggest getting involved right now, as the downside could be much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| NZD/USD Technical Analysis For The Week Of June 27, 2011 Posted: 24 Jun 2011 09:32 AM PDT By ForexMansion.com
NZD/USD had a wild week, first spiking in value – only to fall and finish right where it started. The pair is certainly in a bullish market, but the recent action has not been very convincing. This pair has a long history of going nowhere for a while, only to suddenly take off in one direction or another. We feel that might be what's happening presently. Because of this, we are very neutral on this pair. Originally posted here
Find more information about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/USD Technical Analysis For The Week Of June 27, 2011 Posted: 24 Jun 2011 09:31 AM PDT By ForexMansion.com
GBP/USD had a very bearish week, and has broken through the 1.60 level. The support zone looks to be roughly 100 pips thick, and its bottom can be found at 1.59 or so. If the pair continues to fall below that – it is an obvious sell signal. A supportive candle at this level would be good, but with the Bank of England admitting how weak the British economy is this past week – we would venture to say the downside is certainly more likely. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/JPY Technical Analysis For The Week Of June 27, 2011 Posted: 24 Jun 2011 09:30 AM PDT By ForexMansion.com
GBP/JPY had a very bearish week, breaking through the 130 area and is currently testing the absolute lows of support. The pair looks like it is set on plowing lower, and a test of the central banks positions could be in the cards. The pair could become a very dangerous one to be in, but may prove safe enough is USD/JPY can stay somewhat lofty. Currently, we see this as a GBP problem, and as such – the CB's may not get involved. However, since preservation of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/CHF Technical Analysis For The Week Of June 27, 2011 Posted: 24 Jun 2011 09:29 AM PDT By ForexMansion.com
GBP/CHF had a very bearish week, breaking below the 1.36 area – hitting our suspected target of 1.34 from earlier. The pair looks horrible, and could see much lower prices before too long. A bounce after a week like this isn't totally out of the question, and an opportunity to sell at 1.36 would be a welcome thing indeed. Of course, if we continue to the downside – you have to sell it. Buying can't be done – under any circumstances. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home