Comment by installations of Trade Forex: EURUSD and Daily hit support, Ocotober 27 2010

EURUSD:

The EURUSD moved at a low level of 1.3733 today, this is close to the support that arrives in about 1.3700, traders short from quality pin bar installation of Monday probably took profits as price moved to this obvious support level.

Could we see price consolidate and rotate upper if support approximately 1.3700 can contain, if only we could see push down.

AUDUSD:

The daily moved lower today and hit support near 0.9650 before closing approximately 70 pips off its low figures of intra-day begin to push higher and we may see this pair to stay in a range between approximately 0.9650 and 1000 for the short term.

Notice on 4 HR Daily chart below which a setup fakey started this the last bear Moves.

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

Comment:

The dollar gained strength today while stocks and commodities weakened on doubts on how aggressive the Fed will act at the next week policy.

"The dollar's slide since September was pricing in aggressive price action by the Fed about $ 1 trillion," said Omer Esiner, Chief market analyst at Commonwealth. switching However, market participants because they started to reduce expectations that the Fed will act this aggressive, leading to the recent rise in the dollar.

The dollar was against a basket of major currencies today, with the index USD 0.48% towards the 78.084.

The Dow fell 42.18 points, or 0.39%, the S & P 500 lost points 3.19 or 0.27% and the Nasdaq added 5.97 points or 0.24%.

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

EUR/GBP Daily Outlook

Daily pivots: (S1), 0.8588. (P) 0.8616. (R1) 0.7988. More

With 4 hours MACD signal line crossed above, a temporary low formed at 0.8589 in EUR/GBP and intraday bias is neutral.Note that another case remains mild for as long as 0.8816 resistance possession and under 0.8589 will focus on 0.8530. Nevertheless, break of 0.8816 will enter the withdrawal from 0.8940 is finished and will give stronger rise to be tested again so high.

In the bigger picture, the entire decline from 2008 high of 0.9799 is seen as a three-wave correction that the greater the trend and possibly carried out by three waves down to 0.8067 already.The focus will now be on trend line resistance (now at 0.8895).Sustained break it will signal that long term up trend continues for another high above 0.9799. The downside over, break resistance 0.8530 enabled support will alleviate this perception and specify that the EUR/GBP cannot have stabilised yet; however, note that we also in another case, would continue to look for reverse signal inside 0.7693/8186 support zone.

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Forex Daily Outlook – November 09 2010

Posted by anat on November 9, 2010
Daily Forex forecast filed | leave a comment

Canada United Kingdom & Governor Mark Kearney voice is part of the manufacturing and forecasts a significant event production. Today let's wait for us.

United States provides to investors business daily (IBD) /TechnoMetrica research policy and to evaluate the economic and political (TIPP) economic optimism, monthly survey of the relative level based on the consumers has risen to approximately 47. 8 consumer for approximately 900, and yet investigated indicating the pessimism and diffusion index

After United States, drip held total about stock wholesale inventory products wholesalers in 0.2% is. Company is most likely to purchase and have run out of stock, so signal future business spending.

Is Canada in the new housing price index (NHPI), the sales price of new housing approximately 0.4% rise. Rise in housing prices and attract investors because they spur industry activities each month leading indicators.

Canada, BOC Governor Mark Kearney, details, for the delivery of a speech titled "looking back, moving forward: Canada and global financial reform" in the center of the Bank in Geneva of international financial. Use for dropping a subtle clues to the future of monetary policy.

Read the CAD forecast about u.s. $ / CAD.

In Europe, Germany final consumer price index (CPI); prices of goods and services consumers to purchase to about 0.1% in the previous month is. Preliminary release is the earliest, that affect almost like this tend to be.

Europe, France Government budget balance by Central Government revenue and expenditure is until the year value-of like 122. 1 B shows the deficit in the previous month.

And B the value of the import to rise France Japanese trade balance, approximately-3.7 last in Europe, and products exported, reported, while the deficit.

Euro for more information, read the analysis of latest USD forecast and Casey Stubbs.

There is a tendency to dominate the market impact in the valuable, such as total inflation adjustment value output generated by the makers of United Kingdom, production, manufacture of 0.3%, approximately 80% of the total industrial production manufacturing and;.

In the United Kingdom reported trade balance, between value between imported and exported goods is B. in approximately 0.3 to cut deficit was shown.

Later United Kingdom United Kingdom Retail Consortium (BRC) retail sales monitor the retail level in same store sales value, 0.5% of the previous month is like.

Also, British Royal institution of Chartered Surveyors (RISC) house price balance, surveyed property surveyor judgment DI approximately 0.3% rise is based on. Because there is access to the most recent price data thanks to the surveyors work leading indicator of inflation.

Is that finally United Kingdom, industrial production, inflation adjusted values manufacturers, mines, and utility generated output of approximately 0.2% rise. Approximately 20% of the mines and utilities total production?

Pounds, read more about prediction GBP / USD.

Released Switzerland State Secretariat of economic issues (SECO) consumer climate, survey, 3 per month, rising 17 points in evaluating the relative level of approximately 1,100 homes optimism past and future economic situation.

It is to rise to new lending Australia allows home loan, home ownership House about 1%. Excellent gauge to qualify buyers how much of the market in the market.

Further Australia, Australia Bank (NAB); business confidence about 350 shows, improvement criteria in evaluating the current state of business companies monthly survey, relative levels of 10 points of the previous month.

In evaluating the relative level of Australia, Westpac consumer attitudes, past and future economic situation last study of approximately 1,200 consumer monthly employment and climate is big shopping, 3% were similar to last month.

Australia for more information, please read AUD / USD forecast.

New Zealand provides insight view New Zealand (RBNZ) financial stability report Reserve Bank Bank of inflation, growth, and other economic conditions that affect future interest rates.

Japan, economic attitude of the mind is to evaluate the relative level of the current economic situation survey of nearly 2,000 workers about 0.5 point rises in the is still on show pessimism 41.7 point is.

Newer Japan order machine tool manufacturer and deploy initial release, and trends that affect almost like this. Last month in September, 112% in May.

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Tags: economic attitude of the mind is France Government budget balance, France Japanese trade balance, Germany final consumer price index, home loan, IBD/TIPP Economic optimism, industrial production, production, manufacturing mark Kearney, NHPI to spare machine orders, RBNZ financial stability report, SECO consumer climate, trade balance, Westpac consumer attitudes, wholesale inventories

Daily Forex Update: USD/JPY

USD/JPY daily chart shows a high quality Channel Down chart patterns are formed. The quality of this pattern is grade 8 bars by Autochartist. The high quality of this chart pattern, as a result of the high reading on all quality indicators that contribute to its value. These are the first trend reading 8 bars, Uniformity 8 bars and Clarity reading at 9 bar.

The high quality of this chart pattern underlines the strength of the current down trend. Price has recently turned from the area near the level of the strong support of 80,00.This level has not been tested since 1995; the strength of this level of support, in addition to the bullish divergences on the trending indicators suggest that the couple could continue the upward correction in the coming sessions.

Tim USD/JPY chart shows a complete Double bottom reversal chart patterns; this pattern reverses the previous downward trend with a breakout is measured by at 6 bar of Autochartist.Price has already reached the target area is located between 81.6175 and 81.8175.

Be careful to buy upside breakout inside the daily down trend channel; it is advisable to use stricter Stop-losses, placed at a distance not greater than 2 EPR (expected price range) from the record. Expected price range in each hour, USD/JPY chart represents 21 pips as you can see below:

USD/CAD Daily Outlook

Daily pivots: (S1), 1.0065. (P) 1.0124. (R1) 1.0158. For more.

USD/CAD still reside in short intervals above 1.0061 and intraday bias remains neutral. 1.0377 resistance intact is expected to still another downturn in the USD/CAD.We would, however, continue to expect strong support from around parity to contain the downside and rebound. Break of 1.0377 will confirm that falls from 1.0671 is over and get stronger rally against 1.0675 resistance.

In the bigger picture, consolidations from 1.0851 is not clear with another descending leg is in progress.Now, we still expect strong support from parity to contain the downside and finally rally resumption. Above 1.0675/0671 resistance zone will draw 38,2% retracement of 1.3063 to 0.9929 at 1.1126 least. sustainable trade in parity, however, will enter 0.9929 is not yet the bottom and becomes the focus back to the low.

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EUR/JPY Daily Outlook

Daily pivots: (S1) 111 77. (P) 112 43. (R1) 113 14. More

Despite the steep decline of EUR/JPY holds above 111.51 and restores. Intraday bias is enabled neutral at the moment.But the risk remains on the downside over so long 115.40 resistance possession. Rebound from 105.42 might finish on 115.65 already and break of 111.51 support will confirm this bearish cases and direct a test at 105.42 low next.

In the bigger picture, a medium term bottom formation at 105.42.The lack of persistent strength in increase from there suggests that the EUR/JPY is only in the consolidation.In addition, EUR/JPY still trade far below 55 weeks EMA who argue that in the medium term, fell from 169.96 ongoing. Break of 105.42 will draw 100 psychological level next To the upside and above 115.65, but will bring another rise to 38.2% retracement of 139.21 to 105.42 at 118.32 instead.

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Daily FX report

Good morning from the wonderful Hamburg and welcome to our daily FX comment. Today reports on the movements between the euro and USD/JPY. In addition, we look at the comments of the National bank of New Zealand.

We wish you a successful trading day.

THE JPY advanced to a one-week high against the euro on speculation that international decision-makers will introduce further measures to restrict capital inflows in Nations. Against 15 of the 16 major counterparts appreciated JPY. THE JPY rose Against the euro to 112.33 when it reached 111.73 on Monday, the highest level since October 29. Versus the USD was JPY at 81 62. USD climbed in a two-week high against the euro as a 30-year Treasury yield reached a five-month high and supported USD.Yesterday was the EUR/USD at 1.3749 the weakest since October 27. Later traded the order around 1.3763. The US dollar rose against most of its major counterparts yesterday due to the increase in yield as 30-year bond.

In New Zealand Alan bollard, Governor of the New Zealand Central Bank said, very loose monetary policy in the United States running up his nation currency weakening export demand and hamper an economic upturn. He criticised the principle of the FED since their decisions can cause problems for international reallocation. Last week, the FED to buy 600 billion dollars of long-term government bonds that quantitative easing. Bollards are afraid of New Zealand's exports, which account for 30% of the country's economy. NZD increased 2.9% against the US dollar in the last month and was one of the best results. After the bollards comment decreased NZD versus THE USD. Since 4 November NZD fell below 0.7800 versus the USD and traded around 0.7777.The Central Bank of New Zealand stated that there is not enough room to operate NZD lower. The unemployed nation fell to 6.4% in the third quarter, which was better than forecasted. last month the Central Bank is the official cash as unchanged at 3% for a second month.Against the JPY, NZD, at 63.56. EUR/USD appreciated and traded around 0.9662 at night.

When the couple climbed up to a level around 115.14 bounced on resistance and fell to the line support around 112.29.The Stochastic Oscillator may signal an upward trend, but earlier this level of indicator signaled sideway movements.

As you can see the upward trend GBP/USD stopped by resistance near 1.6288.But the reverse is perhaps only a slight recovery. If the couple living above the lower Fibonacci Arc line (61.8) we can see a bullish trend.The relative strength index, can support an upward trend

USD/CAD followed a bearish trend to support line near 0.9986.This downward trend can now be stopped after the couple crossed line bearish trend.ADX may signal bullish movements, so the couple may climb over the Guide near 1.0163.

After the couple cannot pass resistance around 0.9803 fell during the Middle Fibonacci Arc line; Line for lower arc (61.8) could help CAD/CHF remain at this level and pushed it back between the two lines as the upper sash. ADX is at a low level, so that we can see a sign for bullish movements over the next few days

As you can see, there are a high volatility on the market; USD/JPY moves between resistance near 81.79 and line support near 80 47. pair is now at a high level so that we can see losses; THE RSI and the common consular instructions is booth at a high level that could be a signal for an overbought market.

EUR/CHF Daily Outlook

Daily pivots: (S1), 1.3288. (P) 1.3369. (R1) 1 3415. More

With 4 hours MACD signal line crossed above, a temporary low is at 1.3317 and intraday bias is enabled neutral at the moment. Some consolidations can be seen at first but the upside should be limited by the 1.3526 resistance and bring another autumn. 1.3317 will draw 1.3265 first.Further interruption will confirm that again from 1.2765 is finished at 1.3833 and should maintain an aliquot of this low; on the upside and break of 1.3526 bias that upside risks to a subsample of 1.3833 resistance instead.

In the bigger picture, a medium term bottom formation at 1.2765 and corrective rise from it can be extended further.But there is no central indication of trend yet and EUR/CHF may be converted only to sideway consolidation.In all cases, we expect strong resistance between 1.3923/4002 to limit the upside to extend consolidations; in the longer term, the down trend is still to continue as long as 1.4 psychological level remains intact. Break of 1.2765 will focus on 161.8% projection of 1.6368 to 1.4315 from 1.5138 at 1.1816.

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GBP/USD Daily Outlook

Daily pivots: (S1), 1.5736. (P) 1.5826. (R1) (1) 5898. For more.

GBP/USD dips to as low as 1.5754 but is still above 1.5668 aid and, consequently, the Outlook is stable. While more consolidations can still be seen under 1.6016, more are still in service with 1.5668 intact.Above 1.6016 will draw 61,8% projection of 1.4230 to $ 5997 from 1.3172 at 1.6388 next. On downside over, break of 1.5668, in turn, shows that the increase of 1.3172 is finished and flip bias back to the downside of this support.

In the bigger picture shows the price steps from 1.3503 as consolidation fall from 2.1161 only rise from 1.4230 third leg.There are no clear signs that such consolidation is finished.Above 1.5996 will bring another cause 1.7043 resistance and above; however, we should expect strong resistance between 1.7043 and 50% retracement of 2.1161 to 1.3503 at 1.7332 and finally bring long term down trend resumption; a break of 1.4230 support will in all cases specify that consolidation has been completed and the down trend from 2.1161 continues secondly below 1.3503.

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EUR/CHF Daily Outlook

Daily pivots: (S1), 1.3288. (P) 1.3369. (R1) 1 3415. More

With 4 hours MACD signal line crossed above, a temporary low is at 1.3317 and intraday bias is enabled neutral at the moment. Some consolidations can be seen at first but the upside should be limited by the 1.3526 resistance and bring another autumn. 1.3317 will draw 1.3265 first.Further interruption will confirm that again from 1.2765 is finished at 1.3833 and should maintain an aliquot of this low; on the upside and break of 1.3526 bias that upside risks to a subsample of 1.3833 resistance instead.

In the bigger picture, a medium term bottom formation at 1.2765 and corrective rise from it can be extended further.But there is no central indication of trend yet and EUR/CHF may be converted only to sideway consolidation.In all cases, we expect strong resistance between 1.3923/4002 to limit the upside to extend consolidations; in the longer term, the down trend is still to continue as long as 1.4 psychological level remains intact. Break of 1.2765 will focus on 161.8% projection of 1.6368 to 1.4315 from 1.5138 at 1.1816.

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GBP/JPY Daily Outlook

Daily pivots: (S1) 129 90. (P) 130.49. (R1) 131 15. More

Now, we still had the war years the case to choppy recovery from 126.42 is ready on 131.98.Another case is for a subsample of 126.42. on the upside, and another raised, we would still expect strong resistance in the medium term falling trendline (now at 132.37) and bring the reversal.

In the bigger picture, with descending trend line intact, is the entire decline from 2009 high of 163.05 is still in progress if a test at 118.81 main aid intensity (low).Such a decrease is either resume long term down trend from 251.09 (2007 high) or the second leg of the consolidation pattern from 118 81.The focus will be on if the GBP/JPY would draw support from 118.81. Break of 137.75 opposition is needed to confirm the medium-term reversal. Otherwise remain outlook in GBP/JPY bearish.

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Forex Daily Outlook – October 11 2010

Posted by anat on October 11, 2010
Daily Forex forecast filed | leave a comment

Us, weeks some interesting news and speeches, start by Janet Yellen United States, Jean-Claude Trichet Europe, Mervyn King than Britain exciting news coming up. Today let's wait for us.

United States is the u.s. Federal Reserve Board Governor Janet Yellen; "Macroprudential Director and monetary policy at Post-Crisis world" times of the National Association of Economics title of the Convention, Denver voice delivery, the contract future subtle clues drop about monetary policy often used

Read the CAD forecast about u.s. $ / CAD.

Europe, European Central Bank (ECBP) resident Jean Claude Trichet 2010 Mortimer Caplin meeting "Bank for central banks?" in the Miller Center's PR-speak in the University of Virginia, Washington, D.C. meeting of the world economy. Drop often used subtle clues about the agreement and the future of monetary policy.

In 6 percent of the output produced in Europe, France industrial production total inflation adjustment value maker, mines, and utility about is that sags. , A leading indicator of economic health-production quickly in response to the ups and downs of the business cycle as a condition of the consumer is tied employment levels and income.

Euro for more information, read the analysis of latest USD forecast and Casey Stubbs.

In the UK, Bank of England (BOE) Governor Mervyn King, Caplin meeting, to take part in a panel discussion in Washington, DC's. Drop often used subtle clues about the agreement and the future of monetary policy.

United Kingdom, where to set interest rates in the country and its people in the Bank of England (BOE) Institute for International Bank regulatory dialogue, Washington, DC to talk to you vote BOE MPC members.

United Kingdom Royal facilities of Chartered Surveyors (RISC), based on the surveyed after the property surveyor made of and drop-down level to 20% thanks to the surveyors work is access to the most recent price data;

Finally in the United Kingdom is United Kingdom Retail Consortium (BRC) sales monitor 1% stable.

Pounds, read more about prediction GBP / USD.

3 Day, the International Monetary Fund (IMF), IMF meetings are regular, twice held, attended by the representatives of the IMF and World Bank. Meeting is open to the media, and with stakeholders typically's Reporter story throughout the day. Is the release end of meeting, and then shift the formal statement covering the policy to achieve goals. Both comments and statements market volatility can create. The IMF oversees the international monetary system and monitor its 186 Member countries of the monetary and economic policies. You can agree to face difficulty in harsh country, providing policy advice and support funding. Hence the affect the comments of the Conference, prediction and international policy, foreign exchange market.

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Tags: BRC retail sales monitor, France industry index, IMF meetings, Janet Yellen, Jean-Claude Trichet, Mervyn King, NAB business confidence, Paul Tucker, RISC house price balance

Forex commentary: EURJPY and Daily Price Action 9-14-2010

Posted on 15 September 2010

Forex trade Setups comment: EURJPY and Daily Price * GBPJPY * – update

GBPJPY: update

The GBPJPY formed a break false more inside bar and support near 128.00 yesterday.This configuration fakey tipped off fundamental news dealers outside Japan imminent as regards their intervention in the FX market today to weaken the surging yen in order to strengthen their economy sagging.

EURJPY:

The EURJPY inside bar installation of rejection that has formed last Thursday off support near 106.00, drove more aggressive and penetrated the resistance around 109.50. the yen fell 2%, as the Japan Wednesday intervened in the FX markets for the first time in six years.

We can also see in the chart below that a candle bar pin bullish formed on Tuesday, this could be another tip off that prices had the potential to challenge the top of the range commercial near 109.50.

AUDUSD:

The daily has penetrated the resistance weekly near 0.9400 in the last two days and was able to maintain prices above this layer as shown in the following graph. momentum is however still bullish, but would wait to see a solid price Setup develop action before entering a new long position.

A move down to support near 0.9220 would be considered possible scenario of purchase if we saw some form of action bullish price close to this level.

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

Comment:

Japan intervened in the forex markets for the first time in 6 years on Wednesday to stem the economic damage due to yen surging, this worked to push the yen significantly lower across the Board and lifting on Tokyo stocks by over 2%.

Gold drove to fresh high as of Tuesday, and this helped a weakening dollar, which led to a bullish trend in Daily, EURUSD and GBPUSD.

The Dow lost points 17.64 or 0.17%, the S & P 500 fell 0,80 points or 0,07% and the Nasdaq acquired 4.06 points or 0.18%.

Forex Daily Outlook – October 12 2010

Posted by anat on October 12, 2010
Daily Forex forecast filed | 1 comment

At the top of the u.s. event moving market, FOMC statements and United Kingdom inflation data. Is the activity that most influential today here are waiting for us in Outlook.

United States at the FOMC meeting minutes most likely event today speculation about another round of stimulus for us $ gave birth out expected. This statement provides details concerning monetary policy impact on the market.

In Europe, the European Central Bank President Jean Claude Trichet NYC in speaks at the Economic Club. On October 7, he Bloomberg excess volatility redemption rates posed first try to stabilize the economy risks the European Central Bank President Jean-Claude Trichet Thursday, warning euro is easier to 1.40 surpassed $ mark 8 months. You may help the euro profit Cap current speech.

One month is 3.1% continue to refuse to remove the data United Kingdom United Kingdom most important inflation considered. It was exerted upward pressure expected to contraries stronger at high rates rise in airfares, clothing, food core CPI 2.6% to 2.8% from the previous month and dropping, excluding volatile products.

UK, nationwide consumer confidence every month, leading indicator of consumer spending release 61 points from the previous month's reading is expected to better reach. Is expected to climb further 64 points to enhance pounds now.

Later in the United Kingdom, speak in external BOE MPC Member David miles of economic and Social Research Institute Conference, Dublin. Bristol Business Forum ago in previous speeches he he describes as a tool to view, an appropriate policy response control inflationary pressure demand and supply, affecting the economic balance active by using the interest rate. You might affect his speech rates.

8.7 B finally United Kingdom in the trade balance deficit unexpectedly 0.7 B deficit reduction is expected to reach through July.

Read more about the prediction of the L GBP / USD.

Australia in the NAB business confidence economic health leading indicator 11 points August hike by the expansion of the economy. You expect the rise of another.

Australia attitude, fall despite longer retention rates of January came suddenly by 5.1% in September, drop Westpac consumer retention, strong employment growth, higher Australia from $ strong stock prices in September. Now exist in small rise.

Australia for more information, read the AUD / USD prediction.

Leading indicators of the core machinery orders production 8.8% in Japan was led from the textile machinery, chemical, chemical products, food and beverages on powerful jumped increase from the previous month, in order. Is expected to 3.7% drop soaring of balance.

Finally in the Japan is today. Forex trading and happy!

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Tags: core CPI, core machinery orders, consumer price index (CPI), David miles, FOMC meeting minutes, Jean-Claude Trichet, NAB business confidence, nationwide consumer confidence, Thomas Hoenig, trade balance, Westpac consumer attitudes

Settings of Trade Forex commentary: NZDUSD fakey and breakout Daily 9-9-10

Posted on September 10, 2010

NZDUSD:

Yesterday, in our daily comment forum member we posted up a setup fakey confident that formed in the NZDUSD. The fakey then came well upwards and seems to have some room to push even higher.

We can see that the chart below shows resistance coming near 0.7350.We would have liked to have seen a strong grasp the NZDUSD today, but given the momentum of recent was bullish we see even the path of least resistance, being higher, at least until 0.7350.

AUDUSD:

The daily has managed to break above resistance near 0.9200 and closed above this level as well, with a closing price of approximately 0.15,494. we see the next greater resistance to this currency pair coming just below 0.9400 and now awaits the 0.9200 to provide support.

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

Comment:

The daily and NZDUSD gained ground today while some of the other Major loss against the dollar. Australian and New Zealand currencies are exceptionally strong now due to continued growth in those countries in part fueled by strong growth in parts of Asia.

The dollar was still weaker against the dollar and Japanese Yen Canada but managed to earn on the pound sterling, euro and Swiss franc.

The Dow gained points 28.23 or 0.27%, S & P 500 added 5.31 points, or 0.48% and the Nasdaq added 7.33 points or 0.33%.

Australia Dollar Daily equal the Working Party on the Cards ...

Hey traders,

Nial here, just wanted to discuss recent rise of Australian dollar and emphasize certain configurations of price action that occurred within the recent uptrend Daily. Being an Australian, this seems to be a time reference point for my home currency as equality is apparently the cards for the daily.A look at download chart below will show you that we have indeed busted through the past highest at 0.7 9818 and price is currently at 0.9900 as I write this. or less actually get equal to 1.0000 is clear, but at this point it seems very likely to happen over the next week or so.

Download Daily chart:

Daily chart:

Also, let's take a look at the daily chart of the daily, the bar fakey/pin recent combination installation was very well defined and provided a great entry into this market trend. Furthermore, note inside the bars that formed about 9/11 that could have netted you some serious seeds.