Currency Sticks Pairs Analysis

Current level-8632

Longer term trade still bearish, now the main bearish trend line has hold weekly close during 0,89 area

Intraday: lower valleys in place but keep 38,2% fib, Note the descending wedge created with bullish ramifications. Strategy: sell on strength to 0.8700 around objectives during 38,2% FIB or reverse positioning on a brake on 0.8720s

Profit law affect gold silver and Platinum media areas

Current level-1.0027

Long term bias for USD/CAD remain neutral, solid foundations formed now around parity level.

Intraday: holds 0.9980 aid although bias remains bearish. while prices quote above parity levels, we see that try small long positions against 1.0100-1.0150s or turn a braking under 0.9980.

Current level 65-130.

Long term bias remains bearish and break through previous year lows retains the bears in the control of the couple.

Intraday: the downside with Channel divided and obtain a de-commitment to 131.00s but still unclear direction. Stand sideways until we get a clear braking and turning over 132.00s or 129.80.

Technical Analysis: GBP/USD Daily

GBP/USD 1.6004

GBP/USD open 1.5997 High 1.6185 low 1.5949 Close 1.5981

On Tuesday continued pound/dollar decreases significantly with over 230 PIPs in line with the negative feeling of ca-interbank 9%. Cable depreciated from 1.6185 to 1.5949 yesterday, closing day at 1.5981. The British pound is today still hesitant and without large movements. On the 1 hour chart has quotes divided to the upward channel, while the 3 hour chart upward channel looks great. Initial resistance is yesterday's peak at 1.5949. Break above should include the bullish movement further against the psychological 1.6300. The nearest scheme is yesterday's at the bottom of the 1.5949.Will the bellow it should include the reduction of the British pound further down towards the next downward targets 1.5830.Today is the UK BoE quarterly inflation report at 10: 30 GMT quotes move just bellow 20 and 50 EMA in 1 hour chart is showing bearish pressure slim. the value of the indicator RSI is negative and inclining up, MACD is negative and quiet, while the CCI has thin crossed down 100 line in 1 hour chart provides comprehensive easy short tones.

Technical resistance levels: 1.6185 1.6300 1.6426
Technical support levels: 1.1.1 5949 5830.5700

Trading of spectrum: 1.6015-5950

Trend: down

Sell to $ 6004 SL 1.6034 TP 1.5964

Forex Technical Analysis

Current level-1.3825

The dollar is in a few after bottoming at 1.1876 (June 7,2010). Technical indicators ascending and trade is located above the 50 and 200-day SMA, currently estimated at 1.3445 and 0.7866.

Yesterday's rise peaked at 1.3974 and current bias is negative, the ceiling at 1.3830 resistance; we expect a pause over 1.3830 selecting reverse 1.3974 and 4089. ruling 1 3756.

Profit law affect gold silver and Platinum media areas

Current level-81.65

The couple is a decreased steadily from 94.96 high.Trade is below the 50 and 200-day SMA, currently calculated at 83; 08 and 88 37.

A bullish momentum emerged intraday area, focus 82.90 resistance area.Initial support is estimated at 81.45, followed by the crucial 80.50 and first resistance on the upside is 81 98.

Current level-1.6017

The pair is in a few after bottoming at 1.4226. trade is situated above the 50 and 200-day SMA, currently estimated at 1.5707 and 1 5323.

Testing 1.6170 resistance area failed and the current bias is still negative above 1.5875 support area we are for a reverse the above support zone, a gain of 1.6299. Intraday resistance comes at 1. c(2007) 6070.

USD/USD candlesticks and Ichimoku Analysis

Weekly

Last candlesticks patterns: Doji formation time: 23 May 2010 trend bias: up

Daily

Last candlesticks patterns: Evening star time formation: 4 nov 2010 trend bias: up

NZD/USD – 0.7798

Although kiwi declined cards to 0.7406, renewed interest in buying it, and the pair joined suggested that a high level of 0.6136 (exceeded the target of 0 specified upside. 7783) last week, but the small bodies candlestick formation on Friday along with the subsequent black candlesticks proposes a possible "evening star" pattern is formed and consolidation with mild downside bias seen for correcting Tenkan-sen (now at 0.7723) and then the Kijun-sen (now at 0. c(2008) 7667), but count the disadvantage would be limited to 0.7550 and said support at 0.7406 should remain intact, take another upmove later.

On the upside and expect recovery limited to 0.7850/60 and driving such a retreat to the downside case. only above 0.6136 would extend upmove to psychological resistance at 0.8000, a daily close above which would gain further rise to 0.8100 but previous resistance at 0.8214 should keep this fly patch later.

Recommendation: enable card recovery at 0.7860 for 0.7700 stop above 0.7576

In the weekly chart even if kiwi surged in line with our bullish expectations and reached out to upside target of 0.7986 (100% projection of 0.6561 to 0.7397 measurement from 0.6947) and 0.7923, prices have retreated from 0.6136, indicates the 1-2 weeks of consolidation would take place and retracement to 0.7700 is likely, but the disadvantage should be limited to 0.7635 and count Tenkan-sen (now at 0.7595) would attract renewed buying interest and raise another upmove later.

On the upside and above resistance at 0.6136 put test of psychological resistance at 0.8000 and possibly against the preceding graph resistance at 0.8214 but count 0.8254 (61,8% projection of 0.4895 to 0.7635 measurement from 0.6561) would limit the upside and 0.8300 (1618 times projection of 0.6561-7397 measurement from 0.6947) would keep away.

Forex Trade Setups Commentary: AUDJPY Weekly Chart Analysis, 10-4-10

AUDJPY weekly chart is showing a strong level of support that come into play near 79.50. Note in this weekly chart we can see on 8 and 9 moving averages have crossed top indicating that is building momentum upwards. Lowest price Should rotate in support 79,50 we would watch the daily charts and 4 hours for bullish price action to get along.

Note also the 2 configurations of bar very poorly formed pin bullish who formed Back near the end of August, and inside bar that has formed just below the current support of 79.50.

Today's Chart shows the power of clear and simple price action configurations and the benefits from trade times higher in Forex.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading training course.

Comment:

The u.s. dollar regained some lost ground against the euro today on concerns persisted for debt of the euro zone. Speculation loosening more federal reserve of the United States has worked to increase prices on treasuries.

The Central Bank Ireland said will scan virtual economy stop this year; This adding pressure to the euro and put once cares for euro area economies on the main stage.

The euro fell 0.80% against the dollar, up to $ 1.3678. the dollar rose to 0.25% against the Japanese yen, to 83.40.

Despite moderate rally today in USD, the tendency of a weakening dollar remains intact, both technically and fundamentally.

The Dow lost points 78 41 or 0.72%, S & P 500 fell 9.21 points or 0.80% and the Nasdaq fell 26.23 points, or 1.11%.