MDunleavy Posted April 9, 2012 Report Share Posted April 9, 2012 Over the last six months gains above 1.6000 have been limited and have attracted heavy selling. Sterling has fallen two big figures from this week’s high with the help of the QE3 postponement in the US. This weakness has caused the rate to fall back beneath the 100 day moving average at 1.5831. Strong US jobs data for March would undermine the rate further. [by livetradingnews] Learn more : ~~~>http://img38.imageshack.us/img38/4254/12apr09.pdf ^^^ORvvv ~~~>https://docs.google.com/open?id=0BxxKzvQ2GlM8YzZjYTc3NGEtZDYzOS00ZTQwLWFmNTQtOGI4NWEyZDhkODU0 ^^^ORvvv A t t a c h m e n t Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted April 28, 2012 Author Report Share Posted April 28, 2012 AUDUSD is in consolidation mode between 1.0245 and 1.0452 after taking out falling trend line resistance set from late February. We do not see an actionable trade setup here for now and will wait for the pair to offer greater directional conviction to look for entry opportunities.27 April 2012 09:33 GMT [by dailyfx] Learn more : ~~~>https://docs.google.com/open?id=0BxxKzvQ2GlM8YzEyYWE0ZDUtZjI5My00MjA3LWJkOGItYzIyZjg0NjFhMmJj ^^^ORvvv ~~~>http://img217.imageshack.us/img217/9731/12apr27.pdf ^^^ORvvv A t t a c h m e n t (1) <~~OR~~> A t t a c h m e n t (2) Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted May 27, 2012 Author Report Share Posted May 27, 2012 NZD/USD continued its free fall, but at least escaped the very steep channel. Has it found a bottom after diving so deep? NBNZ Business Confidence is the highlight of this week. --Steep Channel Broken --As the graph shows, the pair managed to break out of a steep downtrend channel since that accompanied it since the beginning of May. Does this signal a stabilization? --I remain bearish on NZD/USD --The kiwi proved to be quite vulnerable, as the worsening European mess joins another drop in Chinese manufacturing PMI. 0.7370 is the next target.[by forexcrunch] Learn more : ~~~>https://docs.google.com/spreadsheet/pub?key=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&output=html ^^^ORvvv ~~~>http://img834.imageshack.us/img834/669/12may27.pdf ^^^ORvvv A t t a c h m e n t Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted June 4, 2012 Author Report Share Posted June 4, 2012 --USDCHF's upward movement from 0.9043 extends to as high as 0.9769. Further rise is still possible next week, and next target would be at 0.9900 area. --Support is at 0.9500, only break below this level could signal completion of the uptrend. --For long term analysis, USDCHF has formed a cycle bottom at 0.8931 on weekly chart. Further rise towards 1.0000 would likely be seen over next several weeks.[Written by ForexCycle] > > Learn more! < < See also: ~~~>https://docs.google.com/open?id=0B9cvIxidsTjvUGx6dktXRl8tTm8 ^^^ORvvv ~~~>http://img213.imageshack.us/img213/5037/12jun03.pdf Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted June 11, 2012 Author Report Share Posted June 11, 2012 --The Loonie rose after the Canadian economy created a modest but better-than-expected 7,700 jobs in May, against the market expectation of 5,000 jobs. However, unemployment rate in the nation stood unchanged at 7.3% in May. Separately, international merchandise trade deficit in Canada widened to C$0.37 billion in April, against the market expectation of C$0.18 billion trade surplus. --In the Asian session, at GMT0300, the pair is trading at 1.0216, with the USD trading 0.54% lower from Friday’s close, as risk appetite increased following news that Spanish banking sector would be given a capital injection of up to €100 billion. --The pair is expected to find support at 1.0163, and a fall through could take it to the next support level of 1.0110. The pair is expected to find its first resistance at 1.0312, and a rise through could take it to the next resistance level of 1.0408. --The currency pair is trading below its 20 Hr and 50 Hr moving averages.[by gcitrading] > > Learn more! < < || > > Learn more! < < See also: >>https://docs.google.com/open?id=0B9cvIxidsTjva1YyMWJfZ1dMa1k<< >>http://img35.imageshack.us/img35/6121/12jun11.pdf<< Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted July 8, 2012 Author Report Share Posted July 8, 2012 The Dollar Index (DXY), which Intercontinental Exchange Inc. uses to track the greenback against the currencies of six major U.S. trade partners including the euro and the yen, advanced 2 percent, the most since December, to 83.285. It touched 83.431, the highest level since June 1. ================================== Dollar Index [DXY]: This forum had the conviction to be a $ bull for the last 1 year or so when all expert commentary was bearish on the currency. The buck hasn’t disappointed by its performance either, having rallied from 73.26 in May 2011 to a close of 82.9420 last week, just under its previous high at 83.6700. Can the $ rally higher? > > Click to learn more! < < See also ↓↓↓ ~~~>https://docs.google.com/open?id=0B9cvIxidsTjvMVFhZzFydUxfa3M ^^^ORvvv ~~~>http://img195.imageshack.us/img195/2825/12jul07.pdf ^^^ORvvv A d d i t i o n a l l y ↑↑↑ Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted July 16, 2012 Author Report Share Posted July 16, 2012 --EUR/USD Weekly Outlook and Trading Idea Outlook: --As expected EUR/USD continued lower and almost reached the 1.2145 Fibonacci level (the low recorded last week was 1.2163). --Now, despite the Friday's bounce, the daily chart remains very negative and I expect further weakness. --We may see some choppy sideways action first (most likely between 1.2145 and 1.2345) because the market has become quite oversold. --Only a rise abv 1.2430/40 will negate the immediate bearish outlook and will risk larger recovery twd 1.2670 before the downtrend from the May 2011 top resumes.... --Strategy: Holding short from 1.2600 is favored. Stop=1.2450. [by ibtimes] > > Click to learn more! < < See also ↓↓↓ ~~~>https://docs.google.com/open?id=0B9cvIxidsTjvbTVST0hIWGVmVkk ^^^ORvvv ~~~>http://img694.imageshack.us/img694/7990/12jul15.pdf ^^^ORvvv A d d i t i o n a l l y ↑↑↑ Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted July 23, 2012 Author Report Share Posted July 23, 2012 –Please note that overall GBP/USD has been in a very volatile sideways mode since January 2009. –A break below 1.5269 and then the low of January 13th i.e. –1.5233 may indicate a break below the lower support line. –Please check this weekly chart of GBP/USD. –Strategies for Trading GBP/USD (British Pound-Dollar): s mentioned above, our overall outlook for GBP/USD stays bearish but initially we stay neutral to expect some volatile sideway moves and even the possibilities of some further upward consolidation can’t be ignored. –We are avoiding longs for GBP/USD right now, considering the overall bearish outlook. –As mentioned above, initially we will be watching for the breaks of mentioned resistance and supports for the next week's trade decisions. – [by forexabode.] > > Click to learn more! < < See also ↓↓↓ ~~~>http://img16.imageshack.us/img16/6202/12jul21.pdf ^^^ORvvv ~~~>https://docs.google.com/open?id=0B9cvIxidsTjvdlFOalNHS3c3bnM ^^^ORvvv A d d i t i o n a l l y ↑↑↑ Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted July 31, 2012 Author Report Share Posted July 31, 2012 -GOLD: Although GOLD rallied sharply to close higher the past week, it remains trapped in a range between the 1,544.35 and the 1,640.45 levels. -In order for the commodity to extend its upside it will have to break and hold above the 1,640.45 level, its range top. -This if seen will open up further upside towards the 1,670.70 level and then the 1,700.00 level. -Its weekly RSI is bullish and pointing higher suggesting further strength. -The alternative scenario will be for the commodity to return to the 1,546.95 level on price failure where a violation will aim at the 1,527.05 level where a breach will resume its broader medium term weakness and then pave the way for further declines towards the 1,500.00 level. -Price hesitation could occur here but if that level gives way, expect the commodity to decline further towards 1,478.05 level. -All in all, GOLD continues to hold on to its broader medium term downside though trading in a range[Written by FXTechStrategy] > > Click to learn more! < < See also ↓↓↓ ~~~>https://docs.google.com/open?id=0B9cvIxidsTjvczdYMzY1eGpWbXM ^^^ORvvv ~~~>http://img819.imageshack.us/img819/7263/12jul30.pdf A d d i t i o n a l l y ↑↑↑ Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted August 27, 2012 Author Report Share Posted August 27, 2012 —The Australian dollar showed some movement in both directions but was almost unchanged over the week, as AUD/USD closed at 1.0399. —Highlights of the upcoming week include Building Approvals and Private Capital Expenditure. —The pair continues to trade in a narrow range following mixed economic releases in both the US and Australia, as the pair showed some fluctuation but was unable to sustain any breakout. —I am neutral on AUD/USD. —After impressive gains this summer, the aussie has been in a holding pattern for the past few weeks. —Given the turmoil in Europe and mixed data out of the US and Australia, the choppiness could continue. —However, if the US economy produces more weak data and there is further talk of QE intervention, look for the Australian dollar to make some gains.[Written by forexcrunch] > > Click to learn more! < < See also ↓↓↓ ~~~>https://docs.google.com/open?id=0BxxKzvQ2GlM8YzEyYWE0ZDUtZjI5My00MjA3LWJkOGItYzIyZjg0NjFhMmJj ^^^ORvvv ~~~>http://img99.imageshack.us/img99/5194/12aug27.pdf A d d i t i o n a l l y ↑↑↑ Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted September 23, 2012 Author Report Share Posted September 23, 2012 –The GBP/USD pair rose during the session on Friday and even managed to break through the 1.63 level at one point. –However, by the end of the day we saw a pullback that formed a shooting star. –This pair has been overbought for a while, and as such a pullback would be welcomed by many of the buyers at this point. –We still see the 1.60 level was massively supportive at this point time, and hope that a pullback is a chance to start buying this market somewhere closer to that level. –However, we managed to break the top of the shooting star from Friday, then of course is a massively bullish signal as well. –Even if we do see a breakdown of price over the next day or two, we are not interested in selling as the central bank equation of this currency pair is pretty straightforward: the Federal Reserve is looking to expand its quantitative easing, and the Bank of England is looking to sit still with its rates. –Because of this, there is a positive swapped going long this pair. [Written by fxempire] > > Click to learn more! < < See also ~~~> https://docs.google.com/file/d/0B9cvIxidsTjvSGdHNEQwMDY5LTQ/preview ↑↑↑ OR ↓↓↓ ~~~> http://img525.imageshack.us/img525/354/12sep23.pdf A d d i t i o n a l l y Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted October 7, 2012 Author Report Share Posted October 7, 2012 –USDCHF: With USDCHF reversing almost all of its corrective recovery gains the past week, the big risk is for it to return to the 0.9238 level. –If this occurs in the new week, further declines will shape up towards the 0.9193 level, its May 07’2012 low with breach targeting the 0.9100 level and ultimately the 0.9000 level, its big psycho level. –Its weekly RSI is bearish and pointing lower supporting this view. –On the upside, it will have to return above the 0. –9424 level to annul its current weakness and resume its bullish offensive towards its Sept 10'2012 high at 0.9482. –A breach will open up further upside gain towards the 0.9606 level. On the whole, the pair remains biased to the downside in the short term. [Written by traderslaboratory] > > Click to learn more! < < See also ~~~> https://docs.google.com/open?id=0B9cvIxidsTjvRzZvZ1pFS1N1ZGs ↓↓↓ ORvvv ↑↑↑ ~~~> http://img15.imageshack.us/img15/8383/12oct06.pdf A d d i t i o n a l l y Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted October 27, 2012 Author Report Share Posted October 27, 2012 –The AUD/USD pair initially fell during the week, but found a bit of a bid later on and formed a hammer. –This is right after to shooting stars, and is in the middle of a massive consolidation area. –We figure that this pair will be very difficult to trade, although it does look bullish at the moment. –As for a longer-term point of view, the Reserve Bank of Australia is slated to cut rates at least once if not twice. –This should weigh upon the Australian dollar going forward, as well as all the global risks out there. –However, it appears that as far as longer-term trader concerned, we need to break above the 1.06 level to have complete clarity higher. –If we managed to break down below the 1.0150 level however, we figure that this pair will absolutely crumble. [Written by fxempire] > > Click to learn more! < < See also ~~~> https://docs.google.com/file/d/0B9cvIxidsTjvZFVnNDZGTjJ3ZXM/preview ↑↑↑ OR ↓↓↓ ~~~> http://img827.imageshack.us/img827/7477/12oct27.pdf A d d i t i o n a l l y Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted November 10, 2012 Author Report Share Posted November 10, 2012 EURUSD Analysis 10th November 2012 – P&F Update... > > Click to learn more! < < See also ~~~> https://docs.google.com/file/d/0BxxKzvQ2GlM8ZmRlMjViOTMtNjAyMS00NzUxLWFjMjEtODk0ZjFlNzg5YzQ5/preview ↑↑↑ OR ↓↓↓ ~~~> http://img7.imageshack.us/img7/3057/12nov10.pdf A d d i t i o n a l l y ||BJF Trading Group||Expert Advisor||MT Indicator||Forex Software||MQL4 Coding|| Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted November 18, 2012 Author Report Share Posted November 18, 2012 •The dollar index continues to remain firmly bullish on the daily chart, moving higher and breaking above the 81 region, as the currency of first reserve continues to strengthen following the U.S. election. •This firm move higher for the U.S. dollar has been accompanied by sustained buying volume on both the daily and the three day chart, which have both provided additional momentum to the move higher, following the key breakout from the sideways congestion created during September and October, which saw the index trade in a narrow range. •This platform of support is now providing the necessary springboard, and with the Hawkeye Heatmap now firmly green, the U.S. dollar looks set to continue higher in the short to medium term. •Should the three day trend also transition through to bullish in due course, then we can expect to see the index climb to test the 83.00 region and beyond with consequent weakness across the major currency pairs, along with commodities. [Written by forexpros] ↓↓↓ Click to learn more! ↓↓↓ https://docs.google.com/spreadsheet/pub?key=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&output=html See also ~~~> https://docs.google.com/file/d/0B9cvIxidsTjvYnFHMWVmM25oVlk/preview ↑↑↑ OR ↓↓↓ ~~~> http://img822.imageshack.us/img822/5085/12nov18.pdf A d d i t i o n a l l y ||BJF Trading Group||Expert Advisor||MT Indicator||Forex Software||MQL4 Coding|| Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted November 26, 2012 Author Report Share Posted November 26, 2012 Crude Oil Weekly Technical Outlook •Sat Nov 24 12 09:51 ET Crude Oil Weekly Technical Outlook Nymex Crude Oil (CL)Crude oil edged higher to 89.98 last week but failed to take out 90 psychological level and retreated again. •Nonetheless, note that firstly, it's has taken out near term falling channel. •Secondly, it seems to be well supported by 4 hours 55 EMA. •Thirdly, daily MACD is staying well above signal line. •The development argues that fall from 100.42 might be completed at 84.05 already. •Further rise will be mildly in favor as long as 86.17 minor support holds. •Strong rally would be seen to 93.66 resistance to confirm the bullish case. •Though, below 86.17 will flip bias back to the downside for another low below 84.05. [Written by oilngold] > > Click to learn more! < < See also ~~~> https://docs.google.com/file/d/0BxxKzvQ2GlM8MjZhMjY4ZjAtZTA3Yi00MTZmLWJhZTQtN2ExODI3NGUxYzQz/preview ↑↑↑ OR ↓↓↓ ~~~> http://img547.imageshack.us/img547/2082/12nov26.pdf A d d i t i o n a l l y ||BJF Trading Group||Expert Advisor||MT Indicator||Forex Software||MQL4 Coding|| Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted December 9, 2012 Author Report Share Posted December 9, 2012 —The GBP/USD fell friday to trade at 1.6010 after the Bank of England yesterday held rates and policy. —Today, industrial production and manufacturing production both disappointed markets reporting well below forecast, casting a greater doubt on the UK economy. —Just a few days ago, the UK downgraded growth for 2013 and Chancellor Osborne, presented the Autumn statement with a negative forecast. [Written by forextv] ~~~> Click to learn more! See also ~~~> http://goo.gl/acRBE ↑↑↑ OR ↓↓↓ ~~~> http://img402.imageshack.us/img402/2061/12dec08.pdf A d d i t i o n a l l y Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted December 16, 2012 Author Report Share Posted December 16, 2012 —USDCHF Analysis - December 15, 2012 —USDCHF breaks below 0.9214 support, suggesting that the downtrend from 0.9971 has resumed. —Further decline could be expected next week, and next target would be at 0.9000 area. —Resistance levels are at 0.9300 and 0.9400, as long as these levels hold, the downtrend from 0.9511 will continue. —For long term analysis, USDCHF had formed a cycle top at 0.9971 on weekly chart. —Further decline to 0.8500 area would likely be seen over the next several months.[Written by ForexCycle] ~~~> Click to learn more! See also ~~~> http://goo.gl/EMVCX ^^^ OR vvv ~~~> http://img35.imageshack.us/img35/9255/12dec16.pdf A d d i t i o n a l l y ||BJF Trading Group||Expert Advisor||MT Indicator||Forex Software||MQL4 Coding|| Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted December 16, 2012 Author Report Share Posted December 16, 2012 —USDCHF Analysis - December 15, 2012 —USDCHF breaks below 0.9214 support, suggesting that the downtrend from 0.9971 has resumed. —Further decline could be expected next week, and next target would be at 0.9000 area. —Resistance levels are at 0.9300 and 0.9400, as long as these levels hold, the downtrend from 0.9511 will continue. —For long term analysis, USDCHF had formed a cycle top at 0.9971 on weekly chart. —Further decline to 0.8500 area would likely be seen over the next several months.[Written by ForexCycle] ~~~> Click to learn more! See also ~~~> http://goo.gl/EMVCX ^^^ OR vvv ~~~> http://img35.imageshack.us/img35/9255/12dec16.pdf A d d i t i o n a l l y ||BJF Trading Group||Expert Advisor||MT Indicator||Forex Software||MQL4 Coding|| Quote Link to comment Share on other sites More sharing options...
MDunleavy Posted December 29, 2012 Author Report Share Posted December 29, 2012 —USDJPY Analysis - December 29, 2012 —USDJPY's upward movement from 77.14 extends to as high as 86.63. —Further rise could be expected after consolidation, and next target would be at 88.00 area. —Support is at 85.50 followed by 84.50, as long as these levels hold, the uptrend will continue. —For long term analysis, USDJPY had formed a cycle bottom at 77.14 on weekly chart. —Further rise to 90.00 area is possible over the next several weeks. [ Written by ForexCycle] ~~~> Click to learn more! See also ~~~> http://goo.gl/lZCUV ^^^ OR vvv ~~~> http://goo.gl/j3V7n A d d i t i o n a l l y ||BJF Trading Group||Expert Advisor||MT Indicator||Forex Software||MQL4 Coding|| Quote Link to comment Share on other sites More sharing options...
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