Sunday, November 20, 2011

DailyMarkets.com - Forex Trading: USDCNH Trendline Still Holding

DailyMarkets.com - Forex Trading: USDCNH Trendline Still Holding

Forex Trading: USDCNH Trendline Still Holding

Posted: 20 Nov 2011 05:36 PM PST

The USDCNH pair has continued lower as its appreciation is defended by the trendline resistance we have been advertising for weeks. A break higher could be met with some resistance at the trending 21 day moving average and 200day above that. Any CNH appreciation could find support at last week's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA October Home Sales: Adjusted For Inflation, Typical Mortgage Payment Now Lowest On Record

Posted: 20 Nov 2011 05:06 PM PST

From DQ News on California October Home Sales:

“An estimated 34,087 new and resale houses and condos were sold in California last month. That was down 3.7 percent from 35,404 in September, and up 4.3 percent from 32,669 for October 2010. California sales for the month of October have varied from a low of 25,832 in 2007 to a high of 70,152 in 2003, while the average is 43,528. DataQuick’s statistics go back to 1988. 

The median price paid for a home last month was $240,000, down 3.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down In Asian Trading Hours

Posted: 20 Nov 2011 04:45 PM PST

Forexpros – The British Pound was lower against the Japanese Yen on Monday after the release of Japanese data on Trade Balance.

GBP/JPY was trading at 121.20, down 0.29% at time of writing.

The pair was likely to find support at 120.89, Thursday's low, and resistance at 121.88, Wednesday's high.

Earlier in the day, official data showed that Japan's trade balance fell more-than-expected to a seasonally adjusted -0.46T last month, from -0.02T in the preceding month.

Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Finally Through Top Of The Wedge.

Posted: 20 Nov 2011 04:35 PM PST

usd/cnh finally breaks through top of this wedge signaling that it will trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Testing The 61.8% Retracement Level On The Daily Chart.

Posted: 20 Nov 2011 04:35 PM PST

usd/hkd testing the 61.8% retracement level on the daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd In A Weekly Downward Channel.

Posted: 20 Nov 2011 04:35 PM PST

usd/sgd in a weekly downward channel right now in the middle of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down On Economic Data

Posted: 20 Nov 2011 04:05 PM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of Japanese data on Trade Balance.

USD/JPY was trading at 76.88, down 0.03% at time of writing.

The pair was likely to find support at 76.58, Friday's low, and resistance at 77.15, Wednesday's high.

Earlier in the day, official data showed that Japan's trade balance fell more-than-expected to a seasonally adjusted -0.46T last month, from -0.02T in the preceding month.

Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Trade Balance Falls More-than-expected

Posted: 20 Nov 2011 04:00 PM PST

Forexpros – Japan' trade balance fell more-than-expected last month, official data showed on Sunday.

In a report, the Ministry of Finance said that the country's trade balance fell to a seasonally adjusted -0.46T, from -0.02T in the preceding month.

Analysts had expected the trade balance to fall -0.20T last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down During The Asian Session

Posted: 20 Nov 2011 03:30 PM PST

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday.

NZD/USD was trading at 0.7546, down 0.24% at time of writing.

The pair was likely to find support at 0.7540, today's low, and resistance at 0.7776, Tuesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.08% to hit 1.3220 and EUR/NZD rising 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trade

Posted: 20 Nov 2011 03:00 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Sunday.

USD/JPY was trading at 76.90, up 0.001% at time of writing.

The pair was likely to find support at 76.58, Friday's low, and resistance at 77.50, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3524 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 20 Nov 2011 02:25 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3523, down 0.01% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3641, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8564 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cutthroat Competition: The Consumer’s Best Friend

Posted: 20 Nov 2011 11:41 AM PST

NY Times — “As retailers battle to draw customers into their stores on Black Friday, online merchants are plotting a cunning ambush — offering an arsenal of mobile-only deals intended to pick off shoppers as they wait in line.

Not only can online merchants now offer a relatively annoyance-free alternative to shoppers stuck in crowded stores, but they can also even exploit the faster download speeds on free wireless networks promoted by retailers like Nordstrom and Macy's. And most are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly ASX Update: Iluka Resources Limited (ILU.AX)

Posted: 20 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
After using 91 candlesticks to form a rising wedge chart pattern on the 240-minute chart, Iluka Resources (ILU.AX) finally broke through the support line, completing the chart pattern and setting up a possible break into the Autochartist forecast zone at 14.00 to 11.55.

The overall quality of the chart pattern is a solid 7-bars. The initial trend which is the strength of the trend prior to the chart pattern's formation is an impressive 9-bars … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 20 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
With over half of November completed it is surprising that the FTSE 100 is still locked inside of October's range of 4868.60 to 5747.30. Given the heavy volatility in recent months, one would have expected it to continue, but that is not how volatility works. It gives a trader the feeling of complacency when it is low, and it invokes fear when it is high.
The recent sideways action in the FTSE has done a lot to cool down a volatile market. Sure there … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Index Update: US500

Posted: 20 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The US500 index CFD formed a 3-Point Extension Fibonacci pattern on the 240-minute chart, setting up a possible retracement of the swing from Point B to the recent bottom. This particular pattern offers opportunities for both the trend trader and the counter-trend trader.
The 3-Point Extension Fibonacci pattern is made up of three-fourths of the ABCD pattern sometimes called a "lightening bolt" pattern. Its counterpart is the 3-Point Retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Japan 225 (JP225)

Posted: 20 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Japan 225 (JP225) index CFD broke sharply into the close on Friday, penetrating the support line of a triangle chart pattern and triggering the start of a possible break into the Autochartist target zone at 8366.13 to 8327.12.

The overall quality rating is 7-bars. The initial trend was down prior to the chart pattern formation and the low 3-bar rating is considered weak. The uniformity indicator looks for equidistant tops and bottoms. In addition, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Heating Oil

Posted: 20 Nov 2011 12:01 AM PST

By ForexMansion.com

By Jonah S. Ford 
Heating Oil futures followed the energy complex lower in Friday's volatile session, setting up a textbook pattern breakout. The push lower in the Heating Oil violated the key support provided by a major Rising Wedge chart pattern which began developing in early October. Follow-through to lower levels in the week ahead may signal the end of the latest rally with a big correction on the horizon.  

The Rising Wedge pattern has been this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Commodities Update: Gold

Posted: 19 Nov 2011 11:32 PM PST

By ForexMansion.com
By Jonah S. Ford
Gold futures tumbled in heavy trading last week to reach their lowest level in several weeks. With traders eyeing the sell-off as a possible buying opportunity, the start of trading in the week ahead may be an important indication of the longer term direction the market is taking. Autochartist is picking up some clues in the technical formations on the intra-day charts.

The major development last week was gold's break of key support at the $1,760 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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