Intraday Update for EUR/USD, EUR/GBP and GBP/USD

[andy003]

Hi there all traders
Below is the daily intraday Update for EUR/USD, EUR/GBP and GBP/USD
As on Friday 9th January, 2009



I would also like to update this post 3 times a week on Monday, Wednesday and Fridays.

EUR/USD intraday: limited upside.
Pivot: 1.365
Our preference: Long positions above 1.365 with targets @ 1.38 & 1.384 in extension.
Alternative scenario: Below 1.365 look for further downside with 1.3595 & 1.354 as targets.
Comments: the RSI is mixed with a bullish bias.



EUR/GBP intraday: intraday support around 0.8895.
Pivot: 0.8895
Our preference: Long positions above 0.8895 with targets @ 0.9065 & 0.9175 in extension.
Alternative scenario: Below 0.8895 look for further downside with 0.8835 & 0.88 as targets.
Comment: the RSI is supported by a rising trend line.


GBP/USD intraday: further advance.
Pivot: 1.5165.
Our Preference: LONG positions @ 1.5175 with targets @ 1.528 & 1.5375.
Alternative scenario: The downside breakout of 1.5165 will open the way to 1.5075 & 1.5.
Comment: the 30-min RSI & the pair are supported by rising trend lines.
Trend: ST Ltd Upside; MT Bearish

As of today it looks like more of a mixed Friday than a black one.

[andy003]

Hi there all traders,

Below is the daily intraday Update for EUR/USD, EUR/GBP and GBP/USD
As on Friday 13th January, 2009

GBP/USD intraday: key ST resistance at 1.4775.
Pivot: 1.4775
Our preference: Short positions below 1.4775 with targets @ 1.4625 & 1.455 in extension.
Alternative scenario: Above 1.4775 look for further upside with 1.483 & 1.49 as targets.
Comment: the pair remains within a bearish channel, the RSI is still on the downside.

EUR/USD intraday: the downside prevails.
Pivot: 1.335
Our preference: Short positions below 1.335 with targets @ 1.32 & 1.312 in extension.
Alternative scenario: Above 1.335 look for further upside with 1.345 & 1.3493 as targets.
Comments: the pair stands within a ST bearish channel, the RSI is capped by a declining trend line and remains badly oriented.


EUR/GBP intraday: the upside prevails.
Pivot: 0.8955
Our preference: Long positions above 0.8955 with targets @ 0.9065 & 0.9113 in extension.
Alternative scenario: Below 0.8955 look for further downside with 0.8902 & 0.883 as targets.
Comment: the pair is on the upside and is challenging its resistance, the RSI is turning up.

Source:http://www.avafx.com/

[andy003]

Dear traders
This is the daily intraday Update for EUR/USD, EUR/GBP and GBP/ USD
As on Thursday 15th January, 2009 from AVAFX

EUR/USD intraday: rebound expected.
Pivot: 1.3095.
Our Preference: LONG positions @ 1.31 with 1.324 & 1.3335 in sight.
Alternative scenario: The downside penetration of 1.3095 will call for 1.305 & 1.297.
Comment: the RSI is well oriented and advocates for a rebound, the pair should post an up move towards its next resistance levels.
Trend: ST Consolidation; MT Bearish

EUR/GBP intraday: the upside prevails.
Pivot: 0.905
Our preference: Long positions above 0.905 with targets @ 0.9175 & 0.93 in extension.
Alternative scenario: Below 0.905 look for further downside with 0.9 & 0.8955 as targets.
Comment: the RSI remains supported by a rising trend line, the pair stands within a bullish channel.


GBP/USD intraday: up turn.
Pivot: 1.4550.
Our Preference: LONG positions @ 1.456 with 1.47 & 1.48 in sight.
Alternative scenario: The downside penetration of 1.455 will call for 1.45 & 1.445.
Comment: the pair is supported by a rising trend line and should rebound as the RSI is on the upside.
Trend: ST Ltd Downside; MT Bearish

[andy003]

Hello there all traders
I would like to share the daily intraday Update for EUR/USD, EUR/GBP and GBP/ USD
As on Friday 16th January, 2009 from AVAFX

EUR/USD intraday: continuation of the rebound.
Pivot: 1.3105.
Our Preference: LONG positions @ 1.3109 with targets @ 1.33 & 1.337.
Alternative scenario: The downside penetration of 1.3105 will call for 1.3025 & 1.297.
Comment: the RSI remains well oriented; the pair is on the upside and is challenging its intermediary resistance.
Trend: ST Consolidation; MT Bearish



EUR/GBP intraday: under pressure.
Pivot: 0.9
Our preference: Short positions below 0.9 with targets @ 0.8894 & 0.8845 in extension.
Alternative scenario: Above 0.9 look for further upside with 0.906 & 0.9125 as targets.
Comment: the pair remains on the downside; the RSI is challenging its rising trend line.



GBP/USD intraday: rebound.
Pivot: 1.4680.
Our Preference: LONG positions @ 1.4685 with 1.49 & 1.5 as next targets.
Alternative scenario: The downside penetration of 1.468 will call for a slide towards 1.4625 & 1.455.
Comment: the RSI has broken above its bearish channel upper boundary and advocates for a further bounce.
Trend: ST Ltd Downside; MT Bearish

The top story today is the yen fell for a second day since yesterday against the euro on speculation stock gains and measures to stabilize the U.S. financial forex system will encourage investors to buy higher-yielding assets funded in Japan’s currency.

[andy003]

Hi there all traders
Here's the daily intraday Update for EUR/USD, EUR/GBP and GBP/ USD
As on Monday 21stJanuary, 2009 from AVAFX.


Euro/Dollar continued its bearish movement yesterday. The currency couple made a bottom at 1.2853 and closed at 1.2905. On the 4 hour chart it indicated bearish scenario
EUR/USD intraday: under pressure.
Pivot: 1.3030.
Our Preference: SHORT positions @ 1.302 with targets @ 1.285 & 1.275.
Alternative scenario: The upside penetration of 1.303 will call for 1.3135 & 1.322.
Comment: the RSI is turning down, the pair stands below its new resistance and should face a down move towards its previous low.
Trend: ST Consolidation; MT Bearish



The royal pair was able to break the 23.6% correction at 0.9060 influenced technically by the double bottom reversal form after breaking the upper line of the descending channel.
EUR/GBP intraday: the upside prevails.
Pivot: 0.921
Our preference: Long positions above 0.921 with targets @ 0.9328 & 0.94 in extension.
Alternative scenario: Below 0.921 look for further downside with 0.9125 & 0.9053 as targets.
Comment: the pair has rebounded on its support and is challenging its resistance, the RSI is mixed.


Rate fell hard as cross-spreaders sell GBP across the board. Overnight economic news seen as neutral; some news of UK bank downgraded adding pressure.
GBP/USD intraday: key ST resistance at 1.4045.
Pivot: 1.4045.
Our Preference: SHORT positions @ 1.4035 with 1.381 & 1.3625 in sight.
Alternative scenario: The upside penetration of 1.4045 will call for 1.415 & 1.4315.
Comment: the pair has struck against its resistance and should face a further weakness; the RSI is on the downside.
Trend: ST Ltd Downside; MT Bearish


Trade safe

[andy003]

Hi there all traders
Here’s the daily intraday Update for EUR/USD, EUR/GBP and GBP/ USD
for Friday 23rd January, 2009

The currency couple corrected upwards since yesterday. The CCI indicator went down of the 100 line on the 1 hour chart, presuming probable decreasing stress.
.EUR/USD intraday: under pressure.
Pivot: 1.3050.
Our Preference: SHORT positions @ 1.3045 with 1.2825 & 1.275 in sight.
Alternative scenario: The upside penetration of 1.305 will call for a rebound towards 1.31 & 1.318.
Comment: the pair is breaking below its ST bullish channel lower boundary and should reach its next support as the RSI is bearish.
Trend: ST Consolidation; MT Bearish



EUR/GBP intraday: the upside prevails.
Pivot: 0.9337
Our preference: Long positions above 0.9337 with targets @ 0.9425 & 0.947 in extension.
Alternative scenario: Below 0.9337 look for further downside with 0.928 & 0.921 as targets.
Comment: the pair is challenging its bullish channel lower boundary; the RSI is on the upside.


After last day’s dramatic intraday recovery in the British pound, the currency is having a tough time extending its profit. Underlining the weak conditions in the UK were more disappointments in economic data.
GBP/USD intraday: the downside prevails.
Pivot: 1.3900.
Our Preference: SHORT positions @ 1.3895 with targets @ 1.37 & 1.362.
Alternative scenario: The upside breakout of 1.39 will open the way to 1.4025 & 1.414.
Comment: the RSI is breaking below its MT rising trend line, the pair is approaching its support.
Trend: ST Ltd Downside; MT Bearish


Trade safe

[andy003]

Hi there all traders
Here’s the daily intraday Update for EUR/USD, EUR/GBP and GBP/ USD for Wednesday 28th January, 2009. The 2 day FOCM meeting begins today in Washington.

EUR/USD intraday: the upside prevails.
Pivot: 1.3125.
Our Preference: LONG positions @ 1.3135 with targets @ 1.333 & 1.345.
Alternative scenario: The downside penetration of 1.3125 will call for a slide towards 1.304 & 1.296.
Comment: the RSI is bullish, the pair is on the upside and is challenging its LT declining trend line.
Trend: ST Consolidation; MT Bearish


GBP/USD intraday: continuation of the rebound.
Pivot: 1.4105.
Our Preference: LONG positions @ 1.4115 with 1.44 & 1.455 in sight.
Alternative scenario: The downside breakout of 1.4105 will open the way to 1.4015 & 1.3935.
Comment: the RSI is supported by a rising trend line, the pair stands above its new support and remains well directed.
Trend: ST Ltd Downside; MT Bearish


GBP/USD intraday: continuation of the rebound.
Pivot: 1.4105.
Our Preference: LONG positions @ 1.4115 with 1.44 & 1.455 in sight.
Alternative scenario: The downside breakout of 1.4105 will open the way to 1.4015 & 1.3935.
Comment: the RSI is supported by a rising trend line, the pair stands above its new support and remains well directed.
Trend: ST Ltd Downside; MT Bearish


USD/JPY
Today’s support: - 88.60 and 88.42(main). Break would bring 88.22, where correction is possible. Then 87.98. If a strong impulse, we would see 87.75. Continuation would give 87.30 and 87.02.
Today’s resistance: - 89.64, 90.16, 90.47 and 90.92(main), where a correction may happen. Break would bring 91.13 and 91.46, where also a correction may be. Then 91.77. If a strong impulse, we would see 91.90. Continuation will give 92.18.


DOW JONES INDEX
Today’s support: - 8132.12 and 8075.80 (main), where a delay and correction may happen. Break of the latter will give 8043.68, where correction also can be. Then follows 8032.50. Be there a strong impulse, we would see 8010.06. Continuation will bring 7998.72.
Today’s resistance: - 8236.42 and 8277.37(main), where a delay and correction may happen. Break would bring 8302.50, where a correction may happen. Then follows 8339.23, where a delay and correction could also be. Be there a strong impulse, we’d see 8371.70. Continuation would bring 8416.27 and 8437.46

[andy003]

This is the daily intraday Update for GBP/USD,EUR/USD, USD/JPY and DOW JONES INDEX for 30th January 09
GBP/USD
British Pound and US Dollar are in a consolidation after the last optimistic movement. The volatility decreases. Bollinger bands are flat.. Forex Trend daily is in a bearish configuration. The consolidation can carry on. The price should continue to move in Bollinger bands.
Resistances
1.4360 – 1.4435
Supports
1.4200 – 1.4075


EUR/USD
Support for the day: - The main supporting levels are at 1.2870and 1.2832, where alteration is possible. Smash would give 1.2783, where alteration might take place, then follows 1.2756. Smash of the concluding would result in 1.2728. If a strapping impulse, we would see 1.2704. Carry-over will give 1.2676 and 1.2652.

Resistance for the day: - The main resistance levels are at 1.2971 and 1.3005. Smash would give 1.3033, where an alteration is possible, then goes 1.3061. Smash of the concluding would result in 1.3084. If a strapping impulse, we could see 1.3112. Carry-over will give 1.3140 and 1.3161.

USD/JPY
Support for the day: - The main supporting levels are at 89.10, 88.60 and 88.42. Smash would bring 88.22, where alteration might take place, then 87.98. If a strapping impulse, we would see 87.75. Carry-over would give 87.30 and 87.02.

Resistance for the day: - The main resistance levels are at 90.22, 90.47 and 90.92, where an alteration may happen. Smash would bring 91.13 and 91.46, where also a alteration is possible, then 91.77. If a strapping impulse, we would see 91.90. Carry-over will give 92.18.

DOW JONES INDEX
Support for the day: - The main supporting levels are at 8100.03, where a stoppage and alteration may happen. Smash of the concluding will give 8071.77, where alteration also can be, then follows 8050.37. Be there a strapping impulse, we would see 8021.22. Carry-over will bring 7998.72.

Resistance for the day: - The main resistance levels are at 8238.16 and 8277.37, where a holdup and alteration may happen. Smash would bring 8302.50, where an alteration is possible, then follows 8339.23, where a holdup and alteration could also be. Be there a strapping impulse, we would see 8371.70. Carry-over would bring 8416.27 and 8437.46.

[Pinalli]

Hi all,

Here are some of my updates and broker trading recommendations.

Monday saw the Euro fall to its weakest level in over two months against the US Dollar on Monday as the Japanese Yen gained across the board as Forex traders moved towards less risky investments on renewed fears about the global recession. Bad data in the labor market and signs that many economies are experiencing severe deflation made some in the market rethink their forecasts for cuts in the European Union’s interest rates even though a majority of analysts believe the European Central Bank is unlikely to lower rates when it meets this week.

The common belief amongst many in the investing and trading arena is that more aggressive rate cuts is necessary in the months to come, however it appears unlikely that the EU will move to do it this week. The European Central Bank (ECB) is expected to keep interest rates at 2 percent when they meet this coming Thursday. There is speculation amongst the broker trading community that they will act in March as growth and inflation continue their slide towards new lows.

JPY

Fears about the overall global economic outlook also affected currencies that as of late, have moved less as a result of the bad data. The New Zealand Dollar hit its lowest level in eight years against the yen as Forex investors seemed to want to lower their risk exposure. The US Dollar also fell against the Yen trading down over ½ of a percent to 89.37 although Forex brokers seemed cautious about telling their clients to push the Yen higher as they wait for more information on the pending U.S. plan to clean up debt and recapitalize banks.

EURO

The Euro fell against the US Dollar to 1.2706, the lowest point for the Euro since early December as anxiety about Europe's bad economy weighed heavily on investors’ minds. The Euro also posted losses to the Yen, down over 1% to 114.12.

AUD

The Australian Dollar fell to a two-month low against the US Dollar to just below 0.6300 as a weak showing in the Australian housing data released early Monday, reinforced expectations of a large interest rate cut on Tuesday. Analysts expect the Reserve Bank of Australia to cut its key lending rate down to 3 ¼%, a drastic 100 basis points drop.

NZD

The New Zealand dollar fell almost 2% against the US Dollar trading as low as $0.5016, a six-year low New Zealand wage growth eased from record levels in the fourth quarter, data showed on Monday, leaving the way open for the New Zealand Central Bank to cut their rates even more.

[andy003]

the daily intraday Update for EUR/USD, USD/JPY and DOW JONES INDEX for Wednesday 04 February,09..
February 04, 2009

EUR/USD

Support for the day: - The main supporting levels are at 1.2946 and 1.2916, where alteration is possible. Smash would give 1.2880, where alteration might take place, then follows 1.2856. Smash of the latter would outcome in 1.2830. If a strapping impulse, we would see 1.2782. Carry-over will give 1.2758 and 1.2736.

Resistance for the day: - The main resistance levels are at 1.3050 and 1.3084. Smash would give 1.3111, where an alteration is possible, then goes 1.3136. Smash of the latter would result in 1.3161. If a strapping impulse, we would see 1.3182. Carry-over will give 1.3206.

USD/JPY

Support for the day: - The main supporting levels are at 88.60 and 88.42. Smash would bring 88.22, where alteration is possible, then 87.98. If a strapping impulse, we would see 87.75. Carry-over would give 87.30 and 87.02.

Resistance for the day: - The main resistance levels are at 89.64, 90.22, 90.47 and 90.92, where a alteration may happen. Smash would bring 91.13 and 91.46, where also a alteration might take place, then 91.77. If a strapping impulse, we would see 91.90. Carry-over will give 92.18.

DOW JONES INDEX

Support for the day: - The main supporting levels are at 7987.40, 7948.14 and 7920.00, where a holdup and alteration may happen. Smash of the latter will give 7886.22, where alteration can take place, then follows 7860.72. Be there a strapping impulse, we would see 7832.26. Carry-over will bring 7782.18 and 7745.63.

Resistance for the day: - The main resistance levels are at 8153.44, where a holdup and alteration may happen. Smash would bring 8175.92, where a alteration might take place, then follows 8201.27, where a holdup and alteration could also be. Be there a strong impulse, we would see 8225.16. Carry-over would bring 8274.38.