User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday February 13, 2006 - 12:20:07 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

FX Thoughts for the day - Evening - 13-Feb-2006 ...1206 GMT

Euro-$ @ 1.1888/91....Still Bearish

R: 1.1901 / 1.1930-44 / 1.1968-82
S: 1.1860 / 1.1818
The Euro, after a brief while seems to have restarted its fall. As earlier expected, it did not give a good pullback relief rally also. The Supports on the downside is at 1.1860 and then at 1.1818, which lies, on the trend line (4-Hourly joining the low of 1.2085 on 27-Jan 06 and the low of 1.1968 on 03-Feb 06). On the upside there are various Resistances, most notably present at 1.1901, then at 1.1930-44 and at 1.1968-82. We expect selling on rallies to continue for the session. The Intraday bias continues to be bearish.

Yen @ 118.16/20....Watching resistance at 118.45

R: 118.21-42 / 118.68
S: 117.75 / 117.43 / 117.02-116.90
Friday’s recovery has extended a little more to 118.29 so far today, but immediate Resistance at 118.45 is still a tough level to break. Followed by 118.90 resistance, which is a trendline drawn from 03-Feb-06 high 119.42, joining the 07-Feb-06 high 119.20 and joining the 10-Feb-06 high at 118.96, needs to be broken inorder to see a convincing rally. In the mean while the intraday support at 117.75 and 117.51 continue to hold the pair with a bullish bias.

Staying out for the day no trades.

Our short position entered at 117.80, got stopped out at 118.20 during the day.

Euro-Yen @ 140.48/53...Ranged within 139.77 and 141.17

R: 140.79 / 141.02-17
S: 140.31-25 / 139.77 / 139.30
There is some bounce currently on in the Euro-Yen, which is expected to continue for a little longer. It is currently at its 200 MA on the 4-Hourly charts. The Resistances, which come in on the upside, are at 140.79 and then at 141.02-17. It is unlikely that it will go much above these levels today. On the downsides the Supports come in at 140.31-25 and then at 139.77, from where the current bounce has started. The supports are also likely to hold for the day. Intraday the Cross is expected to trade within 141.17 and 139.77 with a bearish bias.

$-Swiss @ 1.3090/95.... Bullishness continues

R: 1.3124 / 1.3155
S: 1.3073 / 1.3043-25 / 1.2990-70
The $-Swiss, after consolidating for a short while is moving up currently. There are no immediate threats to the upmove. The Resistances now comes in at 1.3124 (Falls on trend line formed on daily by joining high of 1.3287 on 17-Nov 05 and the high of 1.3203 on 30-Dec 05), and then at 1.3155, the statistically projected Max High on the daily. On the downsides the Supports come in at 1.3073 and then at 1.3043-25. In the near term these levels are unlikely to be tested. We expect buying to come in on Dips. The intraday bias continues to be bullish.

Cable @ 1.7392/97....Watching the range bottom 1.7369

R: 1.7429-34 / 1.7457
S: 1.7377-69 / 1.7303
The intraday fall in Cable has tested an important Support at 1.7377-69 during the day. Note that currently it trades near to the range bottom of a wide range of 1.7369-1.7471 seen from the last few days (with Friday’s spike to 1.7576 considered as a false spike). If the range bottom 1.7377-69 holds, there are equal chances of seeing a bounce back above 1.7434 today. To confirm bearishness, we prefer to wait for a dip below 1.7369 Support, below which there could be a fall to 1.7300 either today or tomorrow.

Sell GBP 15K at 1.7355, SL 1.7405, TP Open.

Aussie @ 0.7370/75....Indecisive today
R: 0.7386-90 / 0.7420-30
S: 0.7362 / 0.7319
The pair has been trading indecisively within a quite range of 0.7362-0.7385 so far today. Though the Friday’s fall has not resulted in a significant down side, an immediate bounce may find strong Resistance at 0.7386-90 for today. This could keep the pair with a bearish bias with chances of falling below 0.7362 and target 0.7320 in a couple of days. In case of a bounce back above 0.7386(which could be difficult to see today) may however find sellers again at 0.7421. For today we prefer to stay out and watch for a while.

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

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

John M. Bland, MBA
co-founding Partner,

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.


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

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 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 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.



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