Forex Forum Archive for 01/13/2007

Melbourne Qindex 23:40 GMT January 13, 2007 Reply   
EUR/GBP (Daily Cycle) : The daily directional indicator is  0.6592 - 0.6609* - (0.6630). The market is under pressure when it is trading below 0.6592. The downside targeting points are 0.6545 and 0.6557. The upside targeting points are 0.6609 and 0.6626. 


Daily Cycle Reference : ... 0.6523* - 0.6540 // 0.6557* - 0.6574 - 0.6580 - [0.6592]* - 0.6603 - 0.6609 - 0.6626* // 0.6643 ... 0.6660* ...

NY R19 21:26 GMT January 13, 2007 Reply   
GBPUSD //// One for comments. After looking over the price movements this week, I am still trying to understand why GBPUSD sold off so hard in the trail end of the ECB press conference/in the US session after the BoE raised rates - movement from above 1.9500 to just below 1.9400. The remainder of the US session was spent retracing with an accelerated rally on Friday post-US retail sales. Granted there was a liquidity vacuum in currency/gov bonds, etc. right after the announcement, but I think the sell off to that degree made no sense to me outside of technical/damage to the market considerations. Comments highly appreciated. TIA

Madrid mm 18:39 GMT January 13, 2007 Reply   
Although the recovery is still fragile, Japan should brace itself for interest-rate rises

TOSHIHIKO FUKUI, the wily governor of the Bank of Japan (BoJ), would dearly like to raise interest rates. But he decided on December 19th that holding off was the wise thing to do. Under Mr Fukui's stewardship, the BoJ has regained much of its lost credibility—thanks to the no-nonsense way it has purged a decade's-worth of dud loans from the banking system and created the conditions for the economy's continuing, albeit wobbly, recovery. In the process, the central bank has earned respect in political circles. And that has translated into less government meddling.

economist.com

manchester 16:55 GMT January 13, 2007 Reply   
what are peoples thoughts for next week? what pairs are they looking at for trades? further dollar weakness from friday? im looking at USD/CAD to drop as oil prices increases from its recent low. 118 seems strong resistance and i can see this dropping fast

Melbourne Qindex 13:26 GMT January 13, 2007 Reply   
EUR/CAD (Daily Cycle) : The daily directional indicator is  (1.4827) - 1.5111* - 1.5179. The market is . The market is likely to consolidate between 1.4827 - 1.5179. Speculative selling pressure will increase when the market is trading below 1.4981. The upside targeting points are 1.5179 and 1.5229. The downside targeting points are 1.4891 and 1.5080.


Daily Cycle Reference : ... 1.4981* - 1.5031 // 1.5080* - 1.5130 - 1.5146 - [1.5179]* - 1.5212 - 1.5229 - 1.5278* // 1.5328 ... 1.5377* ...

Global-View Research 13:17 GMT January 13, 2007 Reply   
Worth a read:

Forex - US Dollar (USD) Becomes Exhausted Despite Strong Retail Sales

Melbourne Qindex 11:28 GMT January 13, 2007 Reply   
GBP/CHF (Daily Cycle) : The daily directional indicator is 2.4390* - 2.4427 - (2.4614). The market is under pressure when it is trading below 2.4390*. The upside targeting points are 2.4531 and 2.4617*. The downside targeting points are 2.4163 and 2.4323.


Daily Cycle Reference : ... 2.4219* ... 2.4271 // 2.4323* - 2.4375 - 2.4392 - [2.4427]* - 2.4462 - 2.4479 - 2.4531* //2.4583 - 2.4635*...

Melbourne Qindex 10:39 GMT January 13, 2007 Reply   
GBP/JPY (Daily Cycle) : The daily directional indicator is 235.75* - 235.83 - (238.22). The market is under pressure when it is trading below 235.75. The upside targeting points are 236.85 and 237.52. The downside targeting points are 233.55 and 234.15.


Daily Cycle Reference : ... 232.47* - 233.31 // 2234.15* - 234.99 - 235.27 - [235.84]* - 236.40 - 236.07 - 237.52* // 238.36 - 239.20* ...

Melbourne Qindex 08:18 GMT January 13, 2007 Reply   
EUR/JPY (Daily Cycle ) : - The daily directional indicator is (154.53) - 155.22* - 156.36. The market is under pressure when it is trading below (154.53). The upside targeting points are 156.09 and 156.36. The downside targeting points are 154.33 and 154.42.


Daily Cycle Reference : ... 153.61* ... // 154.42* - 154.82 - 154.96 - [155.23]* - 155.49 - 155.63 - 156.03* // ... 156.84* ...

malaysia semiji 07:51 GMT January 13, 2007 Reply   
help me,,, i want to know ,where i can get the range for eur/usd, asd/cad,gbp/usd ,,,,,tq

Melbourne Qindex 07:44 GMT January 13, 2007 Reply   
USD/JPY (Daily Cycle) : The daily directional indicator is 119.50* - (119.58) - 120.86. The market is under pressure when it is trading below 119.50*. Speculative selling pressure ill increase when the market is trading below 119.82. The upside targeting points are 120.86 and 120.92. The downside targeting points are 119.50 and 120.08.


Daily Cycle Reference : ... 119.82* ... // 120.34* - 120.60 - 120.77 - [120.86]* - 120.95 - 121.12 - 121.38* // ... 121.91* ...

malaysia semiji 07:34 GMT January 13, 2007 Reply   
yes i know babypip.com but i want to know which platform i can trade and i want to know where i want to get range for trading to forex platform ,,,tq

Melbourne Qindex 07:05 GMT January 13, 2007 Reply   
USD/CAD (Daily Cycle) : :  The daily directional indicator is 1.1683* - (1.1698) - 1.1719. The market is under pressure when it is trading below 1.1683*. The downside targeting points are 1.1589 and 1.1636. The upside targeting points are 1.1758 and 1.1778.


Daily Cycle Reference : ... 1.1641* ... // 1.1680* - 1.1700 - 1.1706 - [1.1719]* - 1.1732 - 1.1739 - 1.1758* // ... 1.1797* ...

Melbourne Qindex 06:26 GMT January 13, 2007 Reply   
AUD/USD (Daily Cycle) : :  The daily directional indicator is 0.7817 - 0.7820* - (0.7853). The market isunder pressure when it is trading below 0.7817. The downside targeting points are 0.7744 and 0.7772. The upside targeting points are 0.7845 and 0.7862. 


Daily Cycle Reference : ... 0.7727* ... // 0.7772* - 0.7794 - 0.7802 - [0.7817]* - 0.7832 - 0.7839 - 0.7862* // ... - 0.7907*...

Joburg Africa 06:21 GMT January 13, 2007 Reply   
malaysia semiji 03:50 GMT January 13, 2007
hi all i want to know about forex,, i want to learning but where?

Go to babypips dot com

Melbourne Qindex 05:56 GMT January 13, 2007 Reply   
GBP/USD (Daily Cycle) : The daily directional indicator is 1.9481 - (1.9567) - 1.9666*. The market is under pressure when it is trading below 1.9481. The upside targeting points are 1.9598 and 1.9666*. The downside targeting points are 1.9363 and 1.9395.


Daily Cycle Reference : ... 1.9246* ... // 1.9363* - 1.9422 - 1.9441 - [1.9481]* - 1.9520 - 1.9539 - 1.9598* // ... 1.9715*...

Melbourne Qindex 05:19 GMT January 13, 2007 Reply   
USD/CHF (Daily Cycle) :  The daily directional indicator is (1.2471) - 1.2496* - 1.2500. The market is under pressure when it is trading below (1.2471). The upside targeting points are 1.2554 and 1.2633. The downside targeting points are 1.2417 and 1.2447.


Daily Cycle Reference : ... 1.2393* ... // 1.2447* - 1.2473 - 1.2483 - [1.2500]* - 1.2518 - 1.2527 - 1.2554* //... 1.2608* ...

malaysia semiji 05:09 GMT January 13, 2007 Reply   
hello, anyone know about range for usd/cad and gbp/usd,
and where i can get for range info for that?

Melbourne Qindex 04:38 GMT January 13, 2007 Reply   
EUR/USD (Daily Cycle) : The daily directional indicator is  (1.2840) - 1.2874* - 1.2895. The market is dissipating its upward momentum when it is trading below 1.2895. The downside targeting points are 1.2811 and 1.2837. The upside targeting points are 1.2952 and 1.3002. 

Daily Cycle Reference : ... 1.2779* ... // 1.2837* - 1.2866 - 1.2875 - [1.2895]* - 1.2914 - 1.2924 - 1.2952* // ... 1.3010* ...

malaysia semiji 03:50 GMT January 13, 2007 Reply   
hi all i want to know about forex,, i want to learning but where?