User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday February 15, 2006 - 12:44:48 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

FX Thoughts for the day - Evening - 15-Feb-2006....1231 GMT

Euro @ 1.1905/08....Sell on a rally
-------------------------------------
R: 1.1949-60 / 1.1981 / 1.2026
S: 1.1901-1892 / 1.1875-60
The Euro is trading BELOW some important chart levels, putting it into technically bearish territory. For instance, it is trading below 1.1981, the 50% retracement of the rise from 1.1641 (Nov-05) to 1.2321 (Jan-06) and below 1.1950, the Trendline Resistance coming down from the 1.2321 High of Jan-06. The benefit of doubt works against the Euro at the moment. BUT, it has bounced off 1.1860 yesterday, which now acts as a Support. The market is waiting for some more reasons to sell the Euro with more conviction, looking to Bernanke's testimony today as a possible catalyst.

We are willing to sell a rally.

Order:
Sell EUR 20K at 1.1938, SL 1.1990, TP 1.1840


$-Yen @ 117.55/9.... Try the Long side
-------------------------------------------
R: 117.81 / 118.50-60
S: 117.14 / 116.88
Overall, Dollar-Yen is likely to be in a range of 115-120.50 for the next 6-8 weeks. The question is, whether 120 will be seen first or whether 116 will be seen before that. For now, the Support in the 117.22-12 region is quite strong. At the same time, immediate Resistance at 117.81 is quite crucial as well. Hopefully, a break of either of these two (the Support at 117.22-12 or the Resistance at 117.81) will trigger a directional movement.

In case of an upside break, we'd look for 118.50. In case of a downside break, we'd look for 116.25. We'll play the market from the Long side today.

Order:
Buy $25K at 117.39, SL 117.00, TP 118.32


Euro-Yen @ 139.96/140.01....Selling now
---------------------------------------
R: 140.58-63 / 141.02-12
S: 139.96-92 / 139.60 / 139
The Euro-Yen moved up and as expected found sellers on rallies and has now fallen down. As of now it is trading in a range of 139.60 on the downside and 140.50 on the upside. On the downside the Supports are present at 139.96-92 and then at 139.60. Once these Supports break there could be a fast fall towards 139 levels. On the upside the Resistances come in at 140.58-63, above which there could be a move towards 141.02-12. The Cross is also trading below its 200 MA on the 4-Hourly charts. The bias stays bearish and we are willing to sell now.

Order:
Sell Euro 20K at current level, SL 140.60 TP 139.10


$-Swiss @ 1.3082/87....Ranged intraday, Buy Dip
------------------------------------------------
R: 1.3110-14 / 1.3140 / 1.3167
S: 1.3062 / 1.3030-10 / 1.2976-68
The $-Swiss has traded in a very narrow range in the day so far. The current short term range is 1.3110 and 1.3050. Once there is a break of the said range, there could be a good directional movement coming. The current Resistances come in at 1.3110-14, which falls on the trendline (Daily, joining the high of 1.3287 on 17-Nov 05 and the high of 1.3203 on 30-Dec 05). Above this the Resistances are present at 1.3140 and then at 1.3167, which is the statistically projected Max High for the day. On the downside strong Supports come in at 1.3062-50, and then at 1.3030-10. The intraday bias is bullish. We would still like to buy a dip for a purely intra-day trade.

Order:
Buy $25 K at 1.3055, SL 1.3030, TP 1.3100


Cable @ 1.7390/5....Exiting Short
---------------------------------------------
R: 1.7425-32-47-57 / 1.7478
S: 1.7388-69 / 1.7331
In the morning, we perceived Resistance at 1.7400 and have sold accordingly at 1.7380. The Resistance region is a broad range stretching from 1.7425 to 1.7457. Even 1.7457 is a statistical possibility. Although the overall outlook is bearish, there is a danger that there will be a spike into the Resistance region, which can trigger our Stop Loss. In essence we seem to have sold too early.

Directionally, in case the Cable closes above 1.7440 today, there would be good chances of a further upmove towards 1.7530. Hence, we are exiting our Short with an intention of selling again tomorrow on better certainty.

Exit Trade:
Exit at current level (SL) the Short entered at 1.7380




Aussie @ 0.7413/8....Bearish bias
-------------------------------
R: 0.7426 / 0.7437-46 / 0.7457-64
S: 0.7400-0.7388 / 0.7360
The Aussie has been finding strong selling on rallies currently. In the very short term the current range is 0.7426 and 0.7400. On rallies once the Resistance at 0.7426 is crossed there may be a move towards the very strong Resistance at 0.7437-46. This is also the neckline of the double top on the 4-Hourly charts, which was seen during January. On downsides, the Supports come in at 0.7400-7388. If this Support is broken there could be an increase in the bearishness resulting in a fall to 0.7360. The intraday bias stays bearish.




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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 23 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.



  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.


  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.


  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top Weekly WTI Statistic.



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

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

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.

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