FX Thoughts for the day : 17-Feb-2012

User Name: Password: Register - Lost password?

Forex Blog
Back to The Headlines

Friday February 17, 2012 - 12:07:03 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story: | | Email
FX Thoughts for the day : 17-Feb-2012 - 1204 GMT
EURO, JAP YEN and EURO-YEN
---------------------------
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register

Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
-------------------------------------------------------------

USD-CHF @ 0.9189/92...Ranged
R: 0.9200-10 / 0.9250 / 0.9300
S: 0.9170 / 0.9120-00 / 0.9060

Dollar-Swiss remains ranged between its Resistance at 0.9210 on the upside and Support at 0.9170 on the downside. We will have to wait for a breakout on either side of this 0.9170-9210. Our view remains the same and while below 0.9210 the pair is expected to remain pressured on the downside and a test of 0.9120-00 is possible on a break below 0.9170

Holding:
USD 10K Short at 0.9250, TSL 0.9215 (down from 0.9230), TP 0.9065
As soon as the market trades 0.9170 bring TSL down to 0.9205 and as soon as the market trades 0.9155 there after bring TSL further down to 0.9185

GBP-USD @ 1.5834/37...Can revisit the 200-DMA Resistance
R: 1.5850 / 1.5900-20
S: 1.5800 / 1.5750

Cable is continuing to trade higher above 1.5800 and remains bullish. As we had mentioned in the morning, we expect a revisit of the 200-DMA Resistance (1.5913). With Supports at 1.5750, then in 1.5700-5680, there is no immediate threat on the downside. What happens to the 200-DMA Resistance will be key to be watched now and it will decide the further direction of move.

AUD-USD @ 1.0755/58...Ranged with bullish bias
R: 1.0780-800 / 1.0900
S: 1.0750 / 1.0700 / 1.0668

Aussie is trading silent in between 1.0750-0800. With no significant move seen on either side during the day, our view remains the same. Some Resistance is seen in 1.0770-800 region which needs to be broken now to wipe out the downside pressure. The broader picture is bullish and while the pair continues to trade above the 21-DMA (1.0668) Support, there is not immediate threat on the downside. 1.0900 can be targeted now on the upside.

Happy Trading!

Forex Trading News

Forex Research
Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

MUST READ ARTICLES

The Hidden Danger of High Leverage

Forex Markets Ready to Blossom? - March 1, 2015

Thoughts from the Trading Trenches for March 2015

Ask Your Advocate: Can Forex Trading Be Made Easy?

A Must Read Lesson for All Forex Traders

More..

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

Live rates, currency news, fx charts.
Research reports and currency forecasts.
Foreign Exchange database and history.
Weekly economic calendar.

Directory of Forex trading tools

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

Forex Blog

Friday February 17, 2012 - 12:07:03 GMT FX Thoughts for the Day - www.fxthoughts.com