User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday November 11, 2005 - 12:52:30 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

FX Thoughts for the day - Evening - 11-11-05 ... 1240 GMT

Euro @ 1.1697/1700....Target 1.1551
--------------------------------
R: 1.1719-55 / 1.1780-99 / 1.1821
S: 1.1684-71 / 1.1657 / 1.1586-83
Multi-layered Resistance between 1.1719-55. Hopefully the Euro will remain and Close below this today. That would be sufficient for a fall towards 1.1600-1550 next, maybe Monday itself.

Note that 1.1551 is the 200-week MA. The last time it was crossed (a positive crossover) was in the last 2 weeks of June-2002. There was no indecision and the MA was cut cleanly from below. The Euro remained bullish thereafter. Implication is that the 200-week MA may NOT be a very strong Support.

Holding:
EUR 20K Short at 1.1790, SL 1.1800, TP 1.1561 (down from 1.1590).

EUR 20K Short at 1.1691, SL 1.1800, TP open. Bring the SL down to 1.1770 (instead of 1.1760) on BOTH positions as soon as the market trades 1.1660.


$-Yen @ 118.07/11....Upside break on Monday?
----------------------------------------------
R: 118.22-29 / 118.50-65
S: 117.88-64 / 117.44 / 117.03
There's been decent buying above 117.60 itself today and Dollar-Yen is likely to test 118.27 again. It might remain in a 117.64-118.27 range today without attempting at a breakout, since the US is on holiday today. A range-break may be expected on Monday. Its difficult to say which side the break will take place. Technically, the market remains in an uptrend AND Euro-Yen has also been finding Support. As such, the chances of an upmove might be greater.
On the downside, a fall below 117.64 could target 117.44 and 117.03.


Euro-Yen @ 138.13/18....Resistance at 138.31
--------------------------------------------
R: 138.39 / 138.58 / 138.90-139.04
S: 137.95-85 / 137.51-42 / 137.17-12
Solid bounce from 137.51, most of it accruing to Dollar-Yen. Immediate Resistance at 138.39 now which might hold for the day. A further rise towards 138.58 and 138.90 is possible, maybe on Monday, from where the Cross might retract to 138.20-10. Essentially, the Cross is ranged within 137.40-139.00 for a while.

Our Buy Order at 137.34 was not triggered and we have no trades/ orders now.




$-Swiss @ 1.3146/51....Buy dip
-------------------------------
R: 1.3167-87 / 1.3258
S: 1.3119 / 1.3074
Muted movement so far today, with the Trend Resistance (joining the Highs of July and Sept 2004 with the July-2005 High) coming in between 1.3167-87, and the US being closed tonight. While the Resistance holds, a dip towards 1.3100 or 1.3079 is possible. But, if and when the Resistance breaks, a rise towards 1.3249 initially and then 1.33+ may be seen. Note that the 200-Week MA at 1.3410 is the target for this upmove.

Order:
Buy $25K at 1.3083, SL 1.3030, TP open


Cable @ 1.7382/87....Looking to sell
---------------------------------------
R: 1.7425-33 / 1.7481
S: 1.7362 / 1.7327 / 1.7275
The Cable has turned down from 1.7438 and has broken through the Support at 1.7393. While below 1.7400 there are chance of falling towards 1.7320 and below. We had expected some rise till 1.7460 in the morning, but the turn around indicates more immediate weakness

Order:
Sell GBP 15K at 1.7400, SL 1.7490, TP 1.7300.




Aussie @ 0.7304/09....Ranged between 0.7290-0.7337
-------------------------------------------------
R: 0.7328 / 0.7348-69
S: 0.7297-0.7273 / 0.7239-30
The Aussie turned bearish to 0.7299 today as expected, but the supports at 0.7293-87 are still in tact. If it fails to fall below 0.7284 the Aussie might remain ranged between 0.7290-0.7337. The bias of the said range is unclear as of now, as there are equal chances of a movement on the either sides.

We missed selling at 0.7341 early today, but would not like enter shorts for now.




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."



Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan



John M. Bland, MBA
co-founding Partner, Global-View.com


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube



Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.


Request a TRIAL of Max's Forex Service.


pic

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

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105