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<![CDATA[JGV Finance Forum - All Forums]]> http://forum.jgvfinance.com/ Mon, 15 Mar 2010 07:20:49 -0700 MyBB <![CDATA[Forexpros Daily Analysis - 15/03/2010]]> http://forum.jgvfinance.com/thread-365.html Mon, 15 Mar 2010 04:06:08 -0700 http://forum.jgvfinance.com/thread-365.html Forexpros Daily Analysis March 15, 2010

Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Swing and Longer Term Forex Traders.

Expert: Sam Seiden
When: Thursday, Mar 18, 2010, 10:00 EST

During this session, we will apply what we learned during session one to the world of swing and longer term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities for Forex swing and position trading.
This webinar is the last of a three part series brought to you by Online Trading Academy and Forexpros.

Click here to join free.

---

Fundamental Analysis: Interest Rate Decision

Traders of the US await the publication of the Federal Open Market Committee (FOMC) decision on short term interest rate.
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD. Analysts predict a reading of 0.25%.

---

Euro Dollar

The Euro rose breaking the resistance 1.3734, jumping 60 pips above it, coming very close to 1.38, but without reaching the first suggested target 1.3838. This expected rise came as a result of breaking the triangle to the upside, and the positive technical outlook which followed this break, and we have talked about it on Friday. To maintain this positive outlook, the Euro should hold above the most important support for the short term 1.3635. But of course, a correction won’t harm the outlook, as long as it holds above this support. The closest short term support is 1.3726, and breaking it would indicate a normal correction after the last rise, with the ideal target at 1.3635, the most important support for the time being. Only if this level is broken that we expect further downside activity targeting 1.3543. As for the resistance it is at 1.3768, and breaking it would indicate a continuation of the rise that followed the triangle break. The targets for such a break would be the important 1.3838, and after that we might see 1.3928, as the Euro tries to approach the important 1.40 landmark.

Support:
• 1.3726: important intraday support.
• 1.3635: the retest level for the broken trend line with in the triangle formation.
• 1.3543: Mar 10th low.

Resistance:
• 1.3768: Fibonacci 61.8% for the short term.
• 1.3838: Feb 9th high.
• 1.3928: Jul 3rd low.

---

USD/JPY

Although the Dollar-Yen reached a new top for this cycle on Friday at 91.07, it closed slightly down, at only 5 pips below the open price, which makes this day a candidate for a “Reversal Day” pattern. Also, the very small real body for Friday’s candlestick makes it very close to a “Doji” pattern, and if we want to be extra specific we can refer to it as a “Shooting Star” candle pattern. All these indications give us one direction: down. Short term support is provided by the rising trend line from 89.61 on the hourly chart, which is currently at 90.33. If broken, this positive outlook will get the support it needs to push down. The next set of targets will be 89.61 & 89.04. As for the resistance it is at 90.76, and in case it is broken, the price will contradict all these technical signals, and would jump strongly to 91.60, and may be later to the important 92.31.

Support:
• 90.33: the rising trend line from 89.61 on the hourly chart.
• 89.61: Mar 9th low.
• 89.04: Nov 24th high.

Resistance:
• 90.76: Fibonacci 61.8% for the short term.
• 91.60: Oct 29th high.
• 92.31: Oct 26th high.

---

Forex trading analysis by Munther Marji for ForexPros.com.

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.]]> Forexpros Daily Analysis March 15, 2010

Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Swing and Longer Term Forex Traders.

Expert: Sam Seiden
When: Thursday, Mar 18, 2010, 10:00 EST

During this session, we will apply what we learned during session one to the world of swing and longer term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities for Forex swing and position trading.
This webinar is the last of a three part series brought to you by Online Trading Academy and Forexpros.

Click here to join free.

---

Fundamental Analysis: Interest Rate Decision

Traders of the US await the publication of the Federal Open Market Committee (FOMC) decision on short term interest rate.
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD. Analysts predict a reading of 0.25%.

---

Euro Dollar

The Euro rose breaking the resistance 1.3734, jumping 60 pips above it, coming very close to 1.38, but without reaching the first suggested target 1.3838. This expected rise came as a result of breaking the triangle to the upside, and the positive technical outlook which followed this break, and we have talked about it on Friday. To maintain this positive outlook, the Euro should hold above the most important support for the short term 1.3635. But of course, a correction won’t harm the outlook, as long as it holds above this support. The closest short term support is 1.3726, and breaking it would indicate a normal correction after the last rise, with the ideal target at 1.3635, the most important support for the time being. Only if this level is broken that we expect further downside activity targeting 1.3543. As for the resistance it is at 1.3768, and breaking it would indicate a continuation of the rise that followed the triangle break. The targets for such a break would be the important 1.3838, and after that we might see 1.3928, as the Euro tries to approach the important 1.40 landmark.

Support:
• 1.3726: important intraday support.
• 1.3635: the retest level for the broken trend line with in the triangle formation.
• 1.3543: Mar 10th low.

Resistance:
• 1.3768: Fibonacci 61.8% for the short term.
• 1.3838: Feb 9th high.
• 1.3928: Jul 3rd low.

---

USD/JPY

Although the Dollar-Yen reached a new top for this cycle on Friday at 91.07, it closed slightly down, at only 5 pips below the open price, which makes this day a candidate for a “Reversal Day” pattern. Also, the very small real body for Friday’s candlestick makes it very close to a “Doji” pattern, and if we want to be extra specific we can refer to it as a “Shooting Star” candle pattern. All these indications give us one direction: down. Short term support is provided by the rising trend line from 89.61 on the hourly chart, which is currently at 90.33. If broken, this positive outlook will get the support it needs to push down. The next set of targets will be 89.61 & 89.04. As for the resistance it is at 90.76, and in case it is broken, the price will contradict all these technical signals, and would jump strongly to 91.60, and may be later to the important 92.31.

Support:
• 90.33: the rising trend line from 89.61 on the hourly chart.
• 89.61: Mar 9th low.
• 89.04: Nov 24th high.

Resistance:
• 90.76: Fibonacci 61.8% for the short term.
• 91.60: Oct 29th high.
• 92.31: Oct 26th high.

---

Forex trading analysis by Munther Marji for ForexPros.com.

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.]]> <![CDATA[Technical Analysis 15/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-364.html Mon, 15 Mar 2010 01:41:39 -0700 http://forum.jgvfinance.com/thread-364.html Monday March 15 , 2010

Previous session overview

The euro dollar pair is trading between the 1.37800 levels and 1.37200 levels recording a high of 1.37758 and a low of 1.37260, having the union currency trading around 1.37389.

Regarding the pound dollar pair, it recorded a low of 1.51522 and a high of 1.52070, having the royal currency trading around 1.51522.

Finally, the dollar yen pair recorded a low of 90.544 and a high of 90.799, having the pair trading around 90.697.

Market Expectations

EUR/USD :We expect today a fluctuation for the EUR against the U.S. dollar around the support level of 1.37270 before continuing to the level of 1.36250, Stochastic indicator appears mixed sign, making us stand on neutrality before determining the general direction for the pair today.

[Image: EURUSD.gif]

GBP/USD : Stochastic indicator appears saturated in the procurement process for the pair sterling against the U.S. dollar, which could push the pair down to the support level at 1.50980 and in the case it penetrates this level it will achieve the level of 1.49930.

[Image: GBPUSD.gif]

USD/JPY :We expect a possible bearish trend, targeting 88.220 then 87.350. Keep in mind the importance of the daily closing remaining below 91.900 to maintain chances of achieving these expectations.

[Image: USDJPY.gif]

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[/URL]]]> Monday March 15 , 2010

Previous session overview

The euro dollar pair is trading between the 1.37800 levels and 1.37200 levels recording a high of 1.37758 and a low of 1.37260, having the union currency trading around 1.37389.

Regarding the pound dollar pair, it recorded a low of 1.51522 and a high of 1.52070, having the royal currency trading around 1.51522.

Finally, the dollar yen pair recorded a low of 90.544 and a high of 90.799, having the pair trading around 90.697.

Market Expectations

EUR/USD :We expect today a fluctuation for the EUR against the U.S. dollar around the support level of 1.37270 before continuing to the level of 1.36250, Stochastic indicator appears mixed sign, making us stand on neutrality before determining the general direction for the pair today.

[Image: EURUSD.gif]

[/URL]]]> <![CDATA[what is No Dealing Desk ?]]> http://forum.jgvfinance.com/thread-363.html Sat, 13 Mar 2010 09:04:54 -0700 http://forum.jgvfinance.com/thread-363.html [CENTER] [Image: igtfx-ndd.jpg]

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allowing clients to be in and out from the market within short period of time seconds
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http://www.igtfx.com/pro/igtfx4setup.exe[/FONT][/COLOR]]]> <![CDATA[Suggest Targeted Market for the Healthy Business ?]]> http://forum.jgvfinance.com/thread-362.html Fri, 12 Mar 2010 04:50:39 -0700 http://forum.jgvfinance.com/thread-362.html <![CDATA[Technical Analysis 12/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-361.html Fri, 12 Mar 2010 02:33:49 -0700 http://forum.jgvfinance.com/thread-361.html Friday March 12 , 2010

Previous session overview

[9:59:37 AM] Wael Salem: The euro dollar pair is currently trading between the 1.3710 levels and 1.3670 levels recording a high of 1.37072 and a low of 1.36693, having the union currency trading around 1.36934.

Regarding the pound dollar pair, it is fluctuating between a high of 1.50875 and a low of 1.50358, having the royal currency trading around 1.50413.

Finally, the dollar yen pair recorded a high of 90.743 and a low of 90.473, and the pair is currently trading around 90.633.

Market Expectations

EUR/USD :Stochastic indicator for the pair Euro against the U.S. dollar appears saturated in the procurement process as shown by the hour and four hours chart, the pair failed to break the resistance level at 1.37050, we expect today decline for the pair to the target level of 1.35800, and this requires penetration of the near support level 1.36620.

[Image: EURUSD.gif]

GBP/USD : We expect today for the pair sterling against the U.S. dollar back down to test the resistance level again at 1.49900, in case the pair can penetrate this level it will decline to the 1.49400 and then 1.48300.

[Image: GBPUSD.gif]

USD/JPY :The dollar against the yen Continue volatility near the level of 90,650 , today we expect a continuation of the volatility around this level and in the event of breakthrough the pair will rise to 91.450.

[Image: USDJPY.gif]

[/URL]]]> Friday March 12 , 2010

Previous session overview

[9:59:37 AM] Wael Salem: The euro dollar pair is currently trading between the 1.3710 levels and 1.3670 levels recording a high of 1.37072 and a low of 1.36693, having the union currency trading around 1.36934.

Regarding the pound dollar pair, it is fluctuating between a high of 1.50875 and a low of 1.50358, having the royal currency trading around 1.50413.

Finally, the dollar yen pair recorded a high of 90.743 and a low of 90.473, and the pair is currently trading around 90.633.

Market Expectations

EUR/USD :Stochastic indicator for the pair Euro against the U.S. dollar appears saturated in the procurement process as shown by the hour and four hours chart, the pair failed to break the resistance level at 1.37050, we expect today decline for the pair to the target level of 1.35800, and this requires penetration of the near support level 1.36620.

[Image: EURUSD.gif]

[/URL]]]> <![CDATA[Forexpros Daily Analysis - 11/03/2010]]> http://forum.jgvfinance.com/thread-360.html Thu, 11 Mar 2010 03:33:19 -0700 http://forum.jgvfinance.com/thread-360.html ForexPros Daily Analysis March 11, 2010

Fundamental Analysis: Retail Sales

Traders of the US anticipate the publication of the Retail Sales. The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy .
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a reading of -0.10%.

---

Euro Dollar

The Euro confirmed it is building the triangle that we suggested yesterday, after it dropped only pips below the lower triangle line, and then it bounced back and rose until it touched the upper line in a very accurate fashion (please refer to the attached chart). The price is still trading within the triangle exactly as it was suggested yesterday, waiting for a real and decisive break for one of its limits. These limits have narrowed towards 1.3658 & 1.3581. We can only hope to end this boredom with a break of one of these levels. If the resistance at 1.3658 is broken, we expect the Euro to jump and test the last week’s at 1.3734. And if this important resistance is broken too, we will see the Euro flying to 1.3861. On the other hand, if the support at 1.3581 is broken, we expect a test of the rising trend line from 1.3442 as a first target (this line is currently running at 1.3477), and if broken we will reach a fresh cycle low at 1.3379.

Support:
• 1.3581: the lower limit of the triangle formation.
• 1.3477: the rising trend line from 1.3442 on the hourly charts.
• 1.3379: Apr 14th high.

Resistance:
• 1.3658: the upper limit of the triangle formation.
• 1.3734: Mar 3rd top.
• 1.3861: Jan 26th low.

---

USD/JPY

The Dollar-Yen kept trading above the important support 89.69 all through the past 24 hours, and it rose breaking the resistance 90.26, and as we expected reached a new weekly high at 90.80, only 4 pips below our suggested target. With this obvious penetration of 90.60, the Dollar is in a good position to achieve more gains, since the technical plea in favor of the Yen (which is stopping accurately at a Fibonacci resistance level) is no longer there. This advancement which reached 90.80 so far, is invited to hold above short term support 90.06, in order to achieve more gains. The resistance is at 90.60, and if broken, USDJPY will jump strongly, targeting 91.60, and then 92.31. IF the support is the level which will give way, this would be an indication that yesterday’s rise has shown all that it could, and the pair will slip again towards 89.33, and may be the important bottom 88.53.

Support:
• 90.06: Fibonacci 61.8% for the short term.
• 89.33: Jan 26th low.
• 88.53: Feb 4th important bottom.

Resistance:
• 90.60: Fibonacci 61.8% for the drop from 92.13.
• 91.60: Oct 29th high.
• 92.31: Oct 26th high.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

For information on our Forex Quotes see ForexPros.]]> ForexPros Daily Analysis March 11, 2010

Fundamental Analysis: Retail Sales

Traders of the US anticipate the publication of the Retail Sales. The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy .
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a reading of -0.10%.

---

Euro Dollar

The Euro confirmed it is building the triangle that we suggested yesterday, after it dropped only pips below the lower triangle line, and then it bounced back and rose until it touched the upper line in a very accurate fashion (please refer to the attached chart). The price is still trading within the triangle exactly as it was suggested yesterday, waiting for a real and decisive break for one of its limits. These limits have narrowed towards 1.3658 & 1.3581. We can only hope to end this boredom with a break of one of these levels. If the resistance at 1.3658 is broken, we expect the Euro to jump and test the last week’s at 1.3734. And if this important resistance is broken too, we will see the Euro flying to 1.3861. On the other hand, if the support at 1.3581 is broken, we expect a test of the rising trend line from 1.3442 as a first target (this line is currently running at 1.3477), and if broken we will reach a fresh cycle low at 1.3379.

Support:
• 1.3581: the lower limit of the triangle formation.
• 1.3477: the rising trend line from 1.3442 on the hourly charts.
• 1.3379: Apr 14th high.

Resistance:
• 1.3658: the upper limit of the triangle formation.
• 1.3734: Mar 3rd top.
• 1.3861: Jan 26th low.

---

USD/JPY

The Dollar-Yen kept trading above the important support 89.69 all through the past 24 hours, and it rose breaking the resistance 90.26, and as we expected reached a new weekly high at 90.80, only 4 pips below our suggested target. With this obvious penetration of 90.60, the Dollar is in a good position to achieve more gains, since the technical plea in favor of the Yen (which is stopping accurately at a Fibonacci resistance level) is no longer there. This advancement which reached 90.80 so far, is invited to hold above short term support 90.06, in order to achieve more gains. The resistance is at 90.60, and if broken, USDJPY will jump strongly, targeting 91.60, and then 92.31. IF the support is the level which will give way, this would be an indication that yesterday’s rise has shown all that it could, and the pair will slip again towards 89.33, and may be the important bottom 88.53.

Support:
• 90.06: Fibonacci 61.8% for the short term.
• 89.33: Jan 26th low.
• 88.53: Feb 4th important bottom.

Resistance:
• 90.60: Fibonacci 61.8% for the drop from 92.13.
• 91.60: Oct 29th high.
• 92.31: Oct 26th high.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

For information on our Forex Quotes see ForexPros.]]> <![CDATA[Technical Analysis 11/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-359.html Thu, 11 Mar 2010 01:51:39 -0700 http://forum.jgvfinance.com/thread-359.html Thursday March 11 , 2010

Previous session overview

The euro dollar pair is consolidating between the high of 1.36594 and the low of 1.36283, while The Euro Dollar Pair is currently trading around 1.36361.

The Pound Dollar pair almost didn’t move as it recorded a low of 1.49481 and a high of 1.49877, having the royal currency trading around 1.49577.

Finally, the dollar yen pair is trading between a high of 90.546 and a low of 90.203, while the pair is currently trading around 90.444.

Market Expectations

EUR/USD :Stochastic indicator for the Euro against the U.S. dollar pair appears saturated in the procurement process for the hour and for the four hours, we expect downward trend today. Our primary target for the pair is to test 1.35850 and then 1.35200.

[Image: EURUSD.gif]

GBP/USD : Stochastic indicator for the sterling dollar pair appears saturated in the procurement process, which makes us expect a downward trend for the pair to test 1.48990 and can achieve 1.47800.

[Image: GBPUSD.gif]

USD/JPY : We expect a bullish intraday direction that requires the breach of 90.750 and target 91.450. Keep in mind that the breach of 90.000 will weaken chances of achieving these expectations. Stable trading above the 200 day moving average at the 90.000 is necessary to achieve our expectations.

[Image: USDJPY.gif]

[/URL]]]> Thursday March 11 , 2010

Previous session overview

The euro dollar pair is consolidating between the high of 1.36594 and the low of 1.36283, while The Euro Dollar Pair is currently trading around 1.36361.

The Pound Dollar pair almost didn’t move as it recorded a low of 1.49481 and a high of 1.49877, having the royal currency trading around 1.49577.

Finally, the dollar yen pair is trading between a high of 90.546 and a low of 90.203, while the pair is currently trading around 90.444.

Market Expectations

EUR/USD :Stochastic indicator for the Euro against the U.S. dollar pair appears saturated in the procurement process for the hour and for the four hours, we expect downward trend today. Our primary target for the pair is to test 1.35850 and then 1.35200.

[Image: EURUSD.gif]

[/URL]]]> <![CDATA[Hello friends]]> http://forum.jgvfinance.com/thread-358.html Wed, 10 Mar 2010 22:32:54 -0700 http://forum.jgvfinance.com/thread-358.html <![CDATA[Forexpros Daily Analysis - 10/03/2010]]> http://forum.jgvfinance.com/thread-357.html Wed, 10 Mar 2010 03:56:46 -0700 http://forum.jgvfinance.com/thread-357.html ForexPros Daily Analysis March 10, 2010

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---

Fundamental Analysis: Trade Balance

Traders of the US anticipate the publication of the Trade Balance index. The
index measures the difference in worth between exported and imported goods
(exports minus imports). This is the largest component of a country's
balance of payments.
Export data can give reflection on the US growth. Imports provide an
indication of domestic demand.
Because foreigners must buy the domestic currency to pay for the nation's
exports, it may have sizable affect on the USD.
A higher than expected reading should be taken as positive/bullish for the
USD, while a lower than expected reading should be taken as negative/bearish
for the USD. Analysts predict a reading of -41.00B.

---

Euro Dollar

The Euro broke the support 1.3595, and stopped only 7 pips below the
suggested target, and created another bottom in the same area of last
Friday's low (1.3529). This boring behavior, and moving back and forth in
almost the same areas in the past days, made us wonder if we could be in a
triangle of some sort. If this is true, the triangle limits are 1.3673 &
1.3557, but we will espouse Fibonacci 61.8% support & resistance at 1.3566 &
1.3639 to be today's levels. We can only hope to end this boredom with a
break of one of these levels. If the resistance at 1.3639 is broken, we
expect the Euro to jump and test the top of the falling channel at 1.3729.
And if this important resistance is broken too, we will see the Euro flying
to 1.3810. On the other hand, if the support at 1.3566 is broken, we expect
a test of the rising trend line from 1.3442 as a first target (this line is
currently running at 1.3472), and if broken we will reach a fresh cycle low
at 1.3390.

Support:
* 1.3566: Fibonacci 61.8% for the short term.
* 1.3472: the rising trend line from 1.3442 on the hourly charts.
* 1.3390: Apr 13th high.

Resistance:
* 1.3639: Fibonacci 61.8% for the short term.
* 1.3729: the top of the falling channel on the hourly charts, and a very
important resistance for the short term & the medium term.
* 1.3810: Feb 10th high.

---

USD/JPY

After Fibonacci resistance 90.66 has succeeded in reversing the short term
direction, the price traded under it for the whole past 24 hours, reaching a
low of 89.61, and drifting away more than 100 pips from the weekly high,
which is in total agreement with Fibonacci analysis that suggests we had a
short term direction-changing top at 90.66.This rebound from Fibonacci
retracement level with very good accuracy is evidence that the general
direction of the short-term is down. If this turns out to be true, we will
see the Dollar-Yen breaking the nearby support 89.69, and trying to attack
the Fibonacci support 89.09 which will act as a first target for this break,
and in case this level is broken, we can say that the drop from 90.66 is
more than a correction. If this level is also broken, the target would be
88.46, on the way to lower targets. As for the resistance it is provided by
short term Fibonacci 61.8% resistance, at 90.26. If this line is broken, we
will be on the way to another weekly high, since the targets for such a
break would be 90.84 & the well known important resistance 91.67.

Support:
* 89.69: Fibonacci 50% for the short term.
* 89.09: Fibonacci 61.8% for the short term.
* 88.46: previous hourly support.

Resistance:
* 90.26: Fibonacci 61.8% for the drop from this week's high.
* 90.84: Nov 5th & 6th high.
* 91.67: previous hourly support.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.

For information on our Forex Quotes see ForexPros.]]> ForexPros Daily Analysis March 10, 2010

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---

Fundamental Analysis: Trade Balance

Traders of the US anticipate the publication of the Trade Balance index. The
index measures the difference in worth between exported and imported goods
(exports minus imports). This is the largest component of a country's
balance of payments.
Export data can give reflection on the US growth. Imports provide an
indication of domestic demand.
Because foreigners must buy the domestic currency to pay for the nation's
exports, it may have sizable affect on the USD.
A higher than expected reading should be taken as positive/bullish for the
USD, while a lower than expected reading should be taken as negative/bearish
for the USD. Analysts predict a reading of -41.00B.

---

Euro Dollar

The Euro broke the support 1.3595, and stopped only 7 pips below the
suggested target, and created another bottom in the same area of last
Friday's low (1.3529). This boring behavior, and moving back and forth in
almost the same areas in the past days, made us wonder if we could be in a
triangle of some sort. If this is true, the triangle limits are 1.3673 &
1.3557, but we will espouse Fibonacci 61.8% support & resistance at 1.3566 &
1.3639 to be today's levels. We can only hope to end this boredom with a
break of one of these levels. If the resistance at 1.3639 is broken, we
expect the Euro to jump and test the top of the falling channel at 1.3729.
And if this important resistance is broken too, we will see the Euro flying
to 1.3810. On the other hand, if the support at 1.3566 is broken, we expect
a test of the rising trend line from 1.3442 as a first target (this line is
currently running at 1.3472), and if broken we will reach a fresh cycle low
at 1.3390.

Support:
* 1.3566: Fibonacci 61.8% for the short term.
* 1.3472: the rising trend line from 1.3442 on the hourly charts.
* 1.3390: Apr 13th high.

Resistance:
* 1.3639: Fibonacci 61.8% for the short term.
* 1.3729: the top of the falling channel on the hourly charts, and a very
important resistance for the short term & the medium term.
* 1.3810: Feb 10th high.

---

USD/JPY

After Fibonacci resistance 90.66 has succeeded in reversing the short term
direction, the price traded under it for the whole past 24 hours, reaching a
low of 89.61, and drifting away more than 100 pips from the weekly high,
which is in total agreement with Fibonacci analysis that suggests we had a
short term direction-changing top at 90.66.This rebound from Fibonacci
retracement level with very good accuracy is evidence that the general
direction of the short-term is down. If this turns out to be true, we will
see the Dollar-Yen breaking the nearby support 89.69, and trying to attack
the Fibonacci support 89.09 which will act as a first target for this break,
and in case this level is broken, we can say that the drop from 90.66 is
more than a correction. If this level is also broken, the target would be
88.46, on the way to lower targets. As for the resistance it is provided by
short term Fibonacci 61.8% resistance, at 90.26. If this line is broken, we
will be on the way to another weekly high, since the targets for such a
break would be 90.84 & the well known important resistance 91.67.

Support:
* 89.69: Fibonacci 50% for the short term.
* 89.09: Fibonacci 61.8% for the short term.
* 88.46: previous hourly support.

Resistance:
* 90.26: Fibonacci 61.8% for the drop from this week's high.
* 90.84: Nov 5th & 6th high.
* 91.67: previous hourly support.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.

For information on our Forex Quotes see ForexPros.]]> <![CDATA[Technical Analysis 10/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-356.html Wed, 10 Mar 2010 01:46:51 -0700 http://forum.jgvfinance.com/thread-356.html Wednesday March 10 , 2010

Previous session overview

The euro dollar pair is consolidating between 1.36150 levels and 1.35850 levels recording a high of 1.36130 and a low of 1.35870, while it is currently trading around 1.35900.

Regarding the pound dollar pair, it fell slightly recording a low of 1.49516 and a high of 1.50158, having the royal currency trading around 1.49663.

Finally, the dollar yen pair is trading between a high of 90.134 and a low of 89.843, while the pair is currently trading around 90.128.

Market Expectations

EUR/USD :
etermined Indicators for the pair euro against the U.S. dollar appears saturated in the procurement process, signals of a down trend formation started appearing on the the pattern appear through the formation of candles, we expect a decline for the pair today aimed initially at 1.35010 and then re-test support level at 1.34450, and this requires constant for trading below the level of 1.36670.

[Image: EURUSD.gif]

GBP/USD :
Determined Indicators for the pair sterling against the U.S. dollar appears saturated in the procurement process, and we expect today's decline for the pair re- test the support level 1.47800 then the level of 1.47200.

[Image: GBPUSD.gif]

USD/JPY : We expect today for the pair the dollar against the Japanese yen downtrend aimed at areas 90,000 and then 89,700, Stochastic indicator for one hour and for four hours in addition to support our expectations for this day.

[Image: USDJPY.gif]

[/URL]]]> Wednesday March 10 , 2010

Previous session overview

The euro dollar pair is consolidating between 1.36150 levels and 1.35850 levels recording a high of 1.36130 and a low of 1.35870, while it is currently trading around 1.35900.

Regarding the pound dollar pair, it fell slightly recording a low of 1.49516 and a high of 1.50158, having the royal currency trading around 1.49663.

Finally, the dollar yen pair is trading between a high of 90.134 and a low of 89.843, while the pair is currently trading around 90.128.

Market Expectations

EUR/USD :
etermined Indicators for the pair euro against the U.S. dollar appears saturated in the procurement process, signals of a down trend formation started appearing on the the pattern appear through the formation of candles, we expect a decline for the pair today aimed initially at 1.35010 and then re-test support level at 1.34450, and this requires constant for trading below the level of 1.36670.

[Image: EURUSD.gif]

[/URL]]]> <![CDATA[Forexpros Daily Analysis - 09/03/2010]]> http://forum.jgvfinance.com/thread-355.html Tue, 09 Mar 2010 04:22:12 -0700 http://forum.jgvfinance.com/thread-355.html ForexPros Daily Analysis March 9, 2010

Fundamental Analysis: JPY - GDP (QoQ)

Traders anticipate the publication of the Gross Domestic Product (GDP). It is the broadest measure of economic activity and is a key indicator for the economy's health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY. Analysts predict a reading of 1.00%.

---

Euro Dollar

The slightly surpassed 1.37, but only to retreat right after. We believe that the most important thing that happened in the past 24 hours is the Euro’s inability to overcome 1.3734, the point from which the 5 waves down started (please refer to the chart). And as we said yesterday, as long as the price is below this level, we are closer to a downtrend, and also, this wave count will be valid. Short term support is provided by Fibonacci 61.8% at 1.3595, and it was touched down to the point while writing this report. If the price holds above it we can hope for a bounce, especially if the price breaks short term resistance 1.3648. If this level is broken, the price will start to rise strongly, and this strong rise will be able to break 1.37, targeting 1.3755 and may be 1.3838. But as we said, we should pay attention to the Euro’s ability to break 1.3734 or not, since this hold a special importance. If the price goes back down, and breaks 1.3595, we expect the pair to fall to 1.3529, and at a later time to continue towards the 1.34 areas where there is 1.3459.

Support:
• 1.3595: Fibonacci 38.2% for the short term.
• 1.3529: Friday’s low.
• 1.3459: Mar 1st low.

Resistance:
• 1.3648: the falling trend line from yesterday’s high on intraday charts.
• 1.3755: the top of the falling channel on the hourly charts, and a very important resistance for the short term & the medium term.
• 1.3838: Feb 9th high.

---

USD/JPY

Fibonacci resistance 90.66 has succeeded in reversing the short term direction, the price fell to 89.86 this morning, before barely going above 90 again. This rebound from Fibonacci retracement level with very good accuracy is evidence that the general direction of the short-term is down. If this turns out to be true, we will see the Dollar-Yen breaking the nearby support 89.90, and trying to attack the Fibonacci support 89.09 which will act as a first target for this break, and the level that if broken, we can say that the drop from 90.66 is more than a correction. If this level is also broken, the target would be 88.46, on the way to lower targets. As for the resistance it is provided by the falling trend line from this week’s high so far 90.66, which is at 90.21. If this line is broken, we will be on the way to another weekly high, since the targets for such a break would be 90.84 & the well known important resistance 91.67.

Support:
• 89.90: intraday support.
• 89.09: Fibonacci 61.8% for the short term.
• 88.46: previous hourly support.

Resistance:
• 90.21: the falling trend line from 90.66
• 90.84: Nov 5th & 6th high.
• 91.67: previous hourly support.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

For information on our Forex Quotes see ForexPros.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.]]> ForexPros Daily Analysis March 9, 2010

Fundamental Analysis: JPY - GDP (QoQ)

Traders anticipate the publication of the Gross Domestic Product (GDP). It is the broadest measure of economic activity and is a key indicator for the economy's health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY. Analysts predict a reading of 1.00%.

---

Euro Dollar

The slightly surpassed 1.37, but only to retreat right after. We believe that the most important thing that happened in the past 24 hours is the Euro’s inability to overcome 1.3734, the point from which the 5 waves down started (please refer to the chart). And as we said yesterday, as long as the price is below this level, we are closer to a downtrend, and also, this wave count will be valid. Short term support is provided by Fibonacci 61.8% at 1.3595, and it was touched down to the point while writing this report. If the price holds above it we can hope for a bounce, especially if the price breaks short term resistance 1.3648. If this level is broken, the price will start to rise strongly, and this strong rise will be able to break 1.37, targeting 1.3755 and may be 1.3838. But as we said, we should pay attention to the Euro’s ability to break 1.3734 or not, since this hold a special importance. If the price goes back down, and breaks 1.3595, we expect the pair to fall to 1.3529, and at a later time to continue towards the 1.34 areas where there is 1.3459.

Support:
• 1.3595: Fibonacci 38.2% for the short term.
• 1.3529: Friday’s low.
• 1.3459: Mar 1st low.

Resistance:
• 1.3648: the falling trend line from yesterday’s high on intraday charts.
• 1.3755: the top of the falling channel on the hourly charts, and a very important resistance for the short term & the medium term.
• 1.3838: Feb 9th high.

---

USD/JPY

Fibonacci resistance 90.66 has succeeded in reversing the short term direction, the price fell to 89.86 this morning, before barely going above 90 again. This rebound from Fibonacci retracement level with very good accuracy is evidence that the general direction of the short-term is down. If this turns out to be true, we will see the Dollar-Yen breaking the nearby support 89.90, and trying to attack the Fibonacci support 89.09 which will act as a first target for this break, and the level that if broken, we can say that the drop from 90.66 is more than a correction. If this level is also broken, the target would be 88.46, on the way to lower targets. As for the resistance it is provided by the falling trend line from this week’s high so far 90.66, which is at 90.21. If this line is broken, we will be on the way to another weekly high, since the targets for such a break would be 90.84 & the well known important resistance 91.67.

Support:
• 89.90: intraday support.
• 89.09: Fibonacci 61.8% for the short term.
• 88.46: previous hourly support.

Resistance:
• 90.21: the falling trend line from 90.66
• 90.84: Nov 5th & 6th high.
• 91.67: previous hourly support.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

For information on our Forex Quotes see ForexPros.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.]]> <![CDATA[Technical Analysis 9/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-354.html Tue, 09 Mar 2010 02:06:16 -0700 http://forum.jgvfinance.com/thread-354.html Tuesday March 9 , 2010

Previous session overview

The euro dollar pair is currently trading between the levels of 1.36400 levels and 1.33900, recording a high of 1.36352 and a low of 1.35956, having the union currency trading around 1.36086.

Regarding the pound dollar pair, it declined slightly in today's Asian session recording a low of 1.49771 and a high of 1.50658, having the royal currency trading around 1.49815.

Finally, the Japanese yen continued to rally against the federal currency and the pair recorded a low of 89.871 and a high of 90.330, while it is currently trading around 89.972.

Market Expectations

EUR/USD :
We expect today for the pair euro against the U.S. dollar to fluctuate around the support level of1.35850 before continuing the decline towards to the level of 1.35250 and then re-test the support level at 1.34350.

[Image: EURUSD.gif]

GBP/USD :
We expect today for the pair sterling against the U.S. dollar to fluctuate around the support level at 1.49850 before continue the process of depreciating to the first target at the level of 1.48600 and then 1.47750, these expectations requires constant trading below the 1.50800.

[Image: GBPUSD.gif]

USD/JPY :
We expect a bearish intraday trend that will target first 89.300 then 88.600. It is vital that level 90.600 remain intact to maintain chances of achieving these expectations.

[Image: USDJPY.gif]

[/URL]]]> Tuesday March 9 , 2010

Previous session overview

The euro dollar pair is currently trading between the levels of 1.36400 levels and 1.33900, recording a high of 1.36352 and a low of 1.35956, having the union currency trading around 1.36086.

Regarding the pound dollar pair, it declined slightly in today's Asian session recording a low of 1.49771 and a high of 1.50658, having the royal currency trading around 1.49815.

Finally, the Japanese yen continued to rally against the federal currency and the pair recorded a low of 89.871 and a high of 90.330, while it is currently trading around 89.972.

Market Expectations

EUR/USD :
We expect today for the pair euro against the U.S. dollar to fluctuate around the support level of1.35850 before continuing the decline towards to the level of 1.35250 and then re-test the support level at 1.34350.

[Image: EURUSD.gif]

[/URL]]]> <![CDATA[Forexpros Daily Analysis - 08/03/2010]]> http://forum.jgvfinance.com/thread-353.html Mon, 08 Mar 2010 03:38:32 -0700 http://forum.jgvfinance.com/thread-353.html ForexPros Daily Analysis March 8, 2010

Fundamental Analysis: GBP - Trade Balance

European traders anticipate the publication of the Trade Balance index. The index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments. Export data can give reflection on the UK growth. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the GBP. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. Analysts predict a reading of -7.00B.

---

Euro Dollar

The Euro is approaching 1.37 as these words are written, and it has topped Fibonacci 76.4% for the short term (1.3686) with very few points, before retreating marginally to 1.3667. We have attached a chart with a suggested wave count, in which there is a set of 5 clear waves, with all the Elliott rules respected within this set. Thus, as long as the Euro is below the point which started this set, we assure the downtrend is in control, and we assume that the rise from 1.3529 on Friday which is approaching 1.37 now, is only a corrective one. The resistance 1.3686 will be resistance of the day. If this level is broken, the Euro will jump to .3769 & may be 1.3838 as well. If the price starts to go above 1.37, it is important to keep an eye on 1.3734, because this top has a lot of “Elliott” importance (since below it: downtrend, and above it: uptrend). As for the support it is at 1.3652, breaking it would target 1.3590, and Friday’s bottom 1.3529 which may be important.

Support:
• 1.3652: Fibonacci 38.2% for the short term.
• 1.3590: Fibonacci 61.8% for the short term.
• 1.3529: Friday’s low.

Resistance:
• 1.3686: Fibonacci 76.4% for the drop from 1.3734.
• 1.3769: the top of the falling channel on the hourly charts, and a very important resistance for the short term & the medium term.
• 1.3838: Feb 9th high.

---

USD/JPY

Dollar-Yen broke the resistance specified in Friday’s report 89.46, and moved exactly as expected, targeting Fibonacci levels, and reaching both suggested targets 90.22 & 90.67 successfully & accurately (today’s high so far is 90.66. Fibonacci resistance 90.60 will be the most important for today, especially after the price has reached it & came back down to the Asian session low. The next few hours will be a match between a very sharp rising correction & a Fibonacci retracement level determined to stop it. If this resistance is broken, the correction will go on and will target 91.18 & the important 91.67.

Support:
• 90.29: hourly support.
• 89.69: Fibonacci 38.2% for the short term.
• 89.09: Fibonacci 61.8% for the short term.

Resistance:
• 90.60: Fibonacci 61.8% for the drop from 92.31.
• 91.18: hourly resistance.
• 91.67: previous hourly support.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

For information on US dollar index see ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.]]> ForexPros Daily Analysis March 8, 2010

Fundamental Analysis: GBP - Trade Balance

European traders anticipate the publication of the Trade Balance index. The index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments. Export data can give reflection on the UK growth. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the GBP. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. Analysts predict a reading of -7.00B.

---

Euro Dollar

The Euro is approaching 1.37 as these words are written, and it has topped Fibonacci 76.4% for the short term (1.3686) with very few points, before retreating marginally to 1.3667. We have attached a chart with a suggested wave count, in which there is a set of 5 clear waves, with all the Elliott rules respected within this set. Thus, as long as the Euro is below the point which started this set, we assure the downtrend is in control, and we assume that the rise from 1.3529 on Friday which is approaching 1.37 now, is only a corrective one. The resistance 1.3686 will be resistance of the day. If this level is broken, the Euro will jump to .3769 & may be 1.3838 as well. If the price starts to go above 1.37, it is important to keep an eye on 1.3734, because this top has a lot of “Elliott” importance (since below it: downtrend, and above it: uptrend). As for the support it is at 1.3652, breaking it would target 1.3590, and Friday’s bottom 1.3529 which may be important.

Support:
• 1.3652: Fibonacci 38.2% for the short term.
• 1.3590: Fibonacci 61.8% for the short term.
• 1.3529: Friday’s low.

Resistance:
• 1.3686: Fibonacci 76.4% for the drop from 1.3734.
• 1.3769: the top of the falling channel on the hourly charts, and a very important resistance for the short term & the medium term.
• 1.3838: Feb 9th high.

---

USD/JPY

Dollar-Yen broke the resistance specified in Friday’s report 89.46, and moved exactly as expected, targeting Fibonacci levels, and reaching both suggested targets 90.22 & 90.67 successfully & accurately (today’s high so far is 90.66. Fibonacci resistance 90.60 will be the most important for today, especially after the price has reached it & came back down to the Asian session low. The next few hours will be a match between a very sharp rising correction & a Fibonacci retracement level determined to stop it. If this resistance is broken, the correction will go on and will target 91.18 & the important 91.67.

Support:
• 90.29: hourly support.
• 89.69: Fibonacci 38.2% for the short term.
• 89.09: Fibonacci 61.8% for the short term.

Resistance:
• 90.60: Fibonacci 61.8% for the drop from 92.31.
• 91.18: hourly resistance.
• 91.67: previous hourly support.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

For information on US dollar index see ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.]]> <![CDATA[Technical Analysis 8/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-352.html Mon, 08 Mar 2010 02:35:28 -0700 http://forum.jgvfinance.com/thread-352.html [B]Monday March 8 , 2010

Previous session overview

The Euro Dollar pair inclined slightly to record a high of 1.37013 and a low of 1.36251, having the union currency trading around 1.37002.

The Pound Dollar pair is currently trading between the record high of 1.51940 and a low of 1.51263, having the royal currency trading around 1.51916.

Finally, the Dollar fell slightly against the Japanese yen and the pair recorded a low of 90.344 and a high of 90.678, while it is currently trading around 90.374.[/B]
[B]
Market Expectations

EUR/USD :
etermined Indicators for the pair Euro against the U.S. dollar appears saturated in the procurement process, which make us expect today down trend for the pair to test the support level at 1.35680, MACD supports our expectations which began to show negative signs.

[Image: EURUSD.gif]

GBP/USD :
Sterling gained against the U.S. dollar at the beginning of trading session to achieve the highest at the resistance level of 1.51860; determined indicators show saturation in the procurement process which may lead the pair to drop to the level of 1.50846 and 1.50366.

[Image: GBPUSD.gif]

USD/JPY :
We expect trading to remain below 91.000, with a chance of a bearish trend remaining intact. The breach of 88.220 to the downside will create a sharp bearish direction.

[Image: USDJPY.gif]

[/B][B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

[URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL]

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] , [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] , [URL="http://www.fxcbs.com/"]Low Spread[/URL] , [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]

[URL="https://messenger.providesupport.com/messenger/fienex.html?ps_s=2C05nc1eqAsA"] [Image: Live%20support.png]

[/URL] ]]> [B]Monday March 8 , 2010

Previous session overview

The Euro Dollar pair inclined slightly to record a high of 1.37013 and a low of 1.36251, having the union currency trading around 1.37002.

The Pound Dollar pair is currently trading between the record high of 1.51940 and a low of 1.51263, having the royal currency trading around 1.51916.

Finally, the Dollar fell slightly against the Japanese yen and the pair recorded a low of 90.344 and a high of 90.678, while it is currently trading around 90.374.[/B]
[B]
Market Expectations

EUR/USD :
etermined Indicators for the pair Euro against the U.S. dollar appears saturated in the procurement process, which make us expect today down trend for the pair to test the support level at 1.35680, MACD supports our expectations which began to show negative signs.

[Image: EURUSD.gif]

USD/JPY :
We expect trading to remain below 91.000, with a chance of a bearish trend remaining intact. The breach of 88.220 to the downside will create a sharp bearish direction.

[Image: USDJPY.gif]

[/URL] ]]> <![CDATA[Greece and the reality of the Tsunami]]> http://forum.jgvfinance.com/thread-351.html Fri, 05 Mar 2010 04:20:05 -0700 http://forum.jgvfinance.com/thread-351.html Greece and the reality of the Tsunami

It seems that the financial earthquake that hit Greece still hides its real teeth until this moment, the Greek budget deficit represents 12.7% of the gross domestic product and this was the truth that shook the Greek economy, the government, and the former government claims that the deficit does not exceed 3.7%.According to the Washington Post in an investigation underway to find out the details of the earthquake that Goldman bank Sachs behind the financial storm in Greece, The bank as stated in the Washington Post hiding some of the financial transactions for the Greek Government, when the new government take the power in Athena they found that the budget defect more than Numbers recognized by the previous government, This was because of such transactions calculated on the basis that it deals, currency, and are not loans.

Greece now stands in front of very large problems and try to search for solutions to get out of this storm, Where the Greek government has identified five banks to issue government bonds for a period of ten years to collect loans worth $ 6.8 billion the total debt of Greece more than $ 400 billion, and therefore they need to borrow U.S. $ 72.43 billion this year to cover the deficit in its budget , this solution is not successful and will not benefit Greece to get out from the storm , it will increase the debt of Greek more and more .Greece now need the support of the European Union to lend at low interest rates, which dropped personally will not accept the European Union to lend to Greece with low interest rates, let alone that the Spanish and the Portuguese economy may flow the storm soon the both country facing the same problem and soon we will listen about that .

Greek government now have just one solution which is painful, sale of some assets government buildings, businesses and some islands, to pay debts, This storm, which hit Greece shook all corners of the European Union, the European Union currency fell during the trading this week to the lowest price since May 18, 2009 at 1.3435.The Greek government will not come out of this crisis without selling off its assets and this is the only solution to the government. This leads us to believe that there are some parties that stand behind this hurricane to get the benefits from this problem. But the most important question that is going on in my head is, who is this hidden hand behind this crisis?

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

http://www.fxcbs.com/newsletter/market-overview.html

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] , [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] , [URL="http://www.fxcbs.com/"]Low Spread[/URL] , [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]

[URL="https://messenger.providesupport.com/messenger/fienex.html?ps_s=2C05nc1eqAsA"] [Image: Live%20support.png]

[/URL]]]> Greece and the reality of the Tsunami

It seems that the financial earthquake that hit Greece still hides its real teeth until this moment, the Greek budget deficit represents 12.7% of the gross domestic product and this was the truth that shook the Greek economy, the government, and the former government claims that the deficit does not exceed 3.7%.According to the Washington Post in an investigation underway to find out the details of the earthquake that Goldman bank Sachs behind the financial storm in Greece, The bank as stated in the Washington Post hiding some of the financial transactions for the Greek Government, when the new government take the power in Athena they found that the budget defect more than Numbers recognized by the previous government, This was because of such transactions calculated on the basis that it deals, currency, and are not loans.

Greece now stands in front of very large problems and try to search for solutions to get out of this storm, Where the Greek government has identified five banks to issue government bonds for a period of ten years to collect loans worth $ 6.8 billion the total debt of Greece more than $ 400 billion, and therefore they need to borrow U.S. $ 72.43 billion this year to cover the deficit in its budget , this solution is not successful and will not benefit Greece to get out from the storm , it will increase the debt of Greek more and more .Greece now need the support of the European Union to lend at low interest rates, which dropped personally will not accept the European Union to lend to Greece with low interest rates, let alone that the Spanish and the Portuguese economy may flow the storm soon the both country facing the same problem and soon we will listen about that .

Greek government now have just one solution which is painful, sale of some assets government buildings, businesses and some islands, to pay debts, This storm, which hit Greece shook all corners of the European Union, the European Union currency fell during the trading this week to the lowest price since May 18, 2009 at 1.3435.The Greek government will not come out of this crisis without selling off its assets and this is the only solution to the government. This leads us to believe that there are some parties that stand behind this hurricane to get the benefits from this problem. But the most important question that is going on in my head is, who is this hidden hand behind this crisis?

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

http://www.fxcbs.com/newsletter/market-overview.html

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] , [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] , [URL="http://www.fxcbs.com/"]Low Spread[/URL] , [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]

[URL="https://messenger.providesupport.com/messenger/fienex.html?ps_s=2C05nc1eqAsA"] [Image: Live%20support.png]

[/URL]]]> <![CDATA[Technical Analysis 5/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-350.html Fri, 05 Mar 2010 01:50:22 -0700 http://forum.jgvfinance.com/thread-350.html Thursday March 4 , 2010

Previous session overview

The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.

Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.

Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.

Market Expectations

EUR/USD :The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.

[Image: EURUSD.gif]

GBP/USD : Sterling against the U.S. dollar Succeeded to achieving the 61.8% Fibonacci at 1.51300 for the last decline, we expect today on a downward trend for a couple to first target level at 1.49600 then to the level 1.48800, these expectations requires closure candle four hours below the level of 1.50500. We must note the Economic data that will issue from United Kingdom about Official Bank Rate.

[Image: GBPUSD.gif]

USD/JPY : We expect today for the pair U.S dollar against the Japanese Yen a bearish direction prevailing over an intraday basis; main targets start at 87.660 then 86.800. Chances of achieving this bearish direction will remain intact if the four-hour closing remains below 90.000.

[Image: USDJPY.gif]

[/URL]]]> Thursday March 4 , 2010

Previous session overview

The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.

Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.

Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.

Market Expectations

EUR/USD :The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.

[Image: EURUSD.gif]

[/URL]]]> <![CDATA[EUR/USD outlook 4/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-349.html Thu, 04 Mar 2010 04:54:33 -0700 http://forum.jgvfinance.com/thread-349.html Thursday March 4 , 2010

EUR/USD outlook

The bearish channel which started since the first of December 2008 at the levels of 1.51400 and reached the bottom at 1.34350, confirms that the decline is still in place for the pair euro against the U.S. dollar to close at 1.3000 Initially, the resistance levels of 1.37350 and 1.38000 are very important to confirm our expectations, it should not be penetrated it to keep our expectations of the pair to descend further to our targets.

[Image: EURUSD-outlook.gif]

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

[URL="http://www.fxcbs.com/newsletter/outlook.html"]http://www.fxcbs.com/newsletter/outlook.html[/URL]

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] , [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] , [URL="http://www.fxcbs.com/"]Low Spread[/URL] , [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]

[URL="https://messenger.providesupport.com/messenger/fienex.html?ps_s=2C05nc1eqAsA"] [Image: Live%20support.png]

[/URL]]]> Thursday March 4 , 2010

EUR/USD outlook

The bearish channel which started since the first of December 2008 at the levels of 1.51400 and reached the bottom at 1.34350, confirms that the decline is still in place for the pair euro against the U.S. dollar to close at 1.3000 Initially, the resistance levels of 1.37350 and 1.38000 are very important to confirm our expectations, it should not be penetrated it to keep our expectations of the pair to descend further to our targets.

[Image: EURUSD-outlook.gif]

[/URL]]]> <![CDATA[Daily Fundamental Analysis 4/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-348.html Thu, 04 Mar 2010 03:43:13 -0700 http://forum.jgvfinance.com/thread-348.html Thursday March 4 , 2010
Daily Fundamental Analysis

We are Waiting today for the decision of the Central Bank in United Kingdom in regards to the interest rates, the forecast is to be without changes at least as low as 0.50%, We are also expecting the European Central Bank interest rate decision, which is also expected to be at the lowest rate since the establishment of the European Central Bank at 1.00% .the United Kingdom Central Bank also will discuss more information on the APF program which was halted last month yet officials left the door open for continuing, 200 billion pounds that were applied towards purchasing gilts helped provide economic growth in the UK as the nation expanded by 0.1 percent as a result of the manufacturing and services sector growing therefore supporting overall gross domestic product. President of the central bank Trichet will speak after the announcement of the rate decision, giving an overview of the current economic conditions.

On the other hand the focus of the investors in the recent debt crisis is on Greece, which may lead to the emergence of more such problems in other countries in the region, threatening the general economic situation of the euro zone.

The general situation in both regions, the European Union and the UK are still suffering from terrible dilemmas in the road to recovery, Which means that it is too early to say that the recovery phase has started, as pointed out by some analysts , The European economy depends 80% of its gross domestic product of industrial exports in Germany, which have improved remarkably in the recent times However, the economic bumps that appear here and there in the European Union reduce the impact of this improvement on the European economy as a whole This, in turn the European economy is losing eligibility for this improvement. The most important question, will we see new debt crises after the debt crisis of Greece? The Situation points out that Spanish economic suffered Standing on the edge of the abyss.

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

http://www.fxcbs.com/newsletter/daily-fundamental-analysis.html

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] , [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] , [URL="http://www.fxcbs.com/"]Low Spread[/URL] , [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]

[URL="https://messenger.providesupport.com/messenger/fienex.html?ps_s=2C05nc1eqAsA"] [Image: Live%20support.png]

[/URL]]]> Thursday March 4 , 2010
Daily Fundamental Analysis

We are Waiting today for the decision of the Central Bank in United Kingdom in regards to the interest rates, the forecast is to be without changes at least as low as 0.50%, We are also expecting the European Central Bank interest rate decision, which is also expected to be at the lowest rate since the establishment of the European Central Bank at 1.00% .the United Kingdom Central Bank also will discuss more information on the APF program which was halted last month yet officials left the door open for continuing, 200 billion pounds that were applied towards purchasing gilts helped provide economic growth in the UK as the nation expanded by 0.1 percent as a result of the manufacturing and services sector growing therefore supporting overall gross domestic product. President of the central bank Trichet will speak after the announcement of the rate decision, giving an overview of the current economic conditions.

On the other hand the focus of the investors in the recent debt crisis is on Greece, which may lead to the emergence of more such problems in other countries in the region, threatening the general economic situation of the euro zone.

The general situation in both regions, the European Union and the UK are still suffering from terrible dilemmas in the road to recovery, Which means that it is too early to say that the recovery phase has started, as pointed out by some analysts , The European economy depends 80% of its gross domestic product of industrial exports in Germany, which have improved remarkably in the recent times However, the economic bumps that appear here and there in the European Union reduce the impact of this improvement on the European economy as a whole This, in turn the European economy is losing eligibility for this improvement. The most important question, will we see new debt crises after the debt crisis of Greece? The Situation points out that Spanish economic suffered Standing on the edge of the abyss.

[B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL]

http://www.fxcbs.com/newsletter/daily-fundamental-analysis.html

[URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] , [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] , [URL="http://www.fxcbs.com/"]Low Spread[/URL] , [URL="http://www.fxcbs.com/"]Free Trading Software[/URL][/B][/B][/B][/B]

[URL="https://messenger.providesupport.com/messenger/fienex.html?ps_s=2C05nc1eqAsA"] [Image: Live%20support.png]

[/URL]]]> <![CDATA[Forexpros Daily Analysis - 04/03/2010]]> http://forum.jgvfinance.com/thread-347.html Thu, 04 Mar 2010 03:14:36 -0700 http://forum.jgvfinance.com/thread-347.html ForexPros Daily Analysis March 4, 2010

Fundamental Analysis: US Unemployment Rate

Traders of the US anticipate the publication of the Unemployment Rate, which is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the US.
A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in the US and should be taken as positive for the USD. Analysts predict a reading of 9.80%.

---

Euro Dollar

The Euro stopped only 8 pips below the support specified in yesterday’s report, and rocketed once again, breaking the resistance 1.3653, and stopping only 5 pips below our suggested target 1.3740. Today, we see its best to count on short term levels to lead the way for the single currency on the short term. Short term support is at Fibonacci 61.8% for the micro term (which the price stopped accurately at almost an hour ago). If we break this level, the Euro will start a drop that we expect to be strong, and will target the most important support (for the short term) 1.3549, and if this level is also broken, the drop will go on, and we will probably see another weekly low below Tuesday’s 1.3434. As for the resistance, it is provided by the falling trend line from yesterday’s high, and is currently at 1.3691. If broken, the Euro will continue this sharp rise, and will target 1.3799 & 1.3885.

Support:
• 1.3645: Fibonacci 61.8% for the micro term.
• 1.3549: Fibonacci 61.8% for the short term.
• 1.3434: Tuesday’s low.

Resistance:
• 1.3691: the falling trend line from yesterday’s high on intraday charts.
• 1.3799: Feb 11th high.
• 1.3885: Feb 2nd low.

---

USD/JPY

Dollar-Yen broke the support 88.53 only to stop in the middle of the way to the suggested target, settling for 88.31. This break gives chance to more drop, but on one important condition. This condition is to stay below, and not break, the falling trend line from 92.13, which is currently only pips above the current price, at 88.53. If the price stays below this line, more drop is to be expected. Short term support is at 88.31, and if broken we will move slowly towards 87, where the targets 87.72 & 87.00 awaits. The technical outlook stays negative as long as we are below the resistance of the day 88.53. But in case this level is broken, USDJPY will enter a long awaited correction for the whole drop from 92.13, with the ideal targets at Dow & Fibonacci levels 89.58 & 90.22.

Support:
• 88.31: Asian session low.
• 87.72: Dec 10th low.
• 87.00: Nov 27th high.

Resistance:
• 88.53: the falling trend line from 92.13 on the hourly charts, the upper limit for the downtrend.
• 89.58: Dow 33.3% for the drop from 92.31.
• 90.22: Fibonacci 50% for the drop from 92.31.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

For information on US dollar index see ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.]]> ForexPros Daily Analysis March 4, 2010

Fundamental Analysis: US Unemployment Rate

Traders of the US anticipate the publication of the Unemployment Rate, which is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the US.
A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in the US and should be taken as positive for the USD. Analysts predict a reading of 9.80%.

---

Euro Dollar

The Euro stopped only 8 pips below the support specified in yesterday’s report, and rocketed once again, breaking the resistance 1.3653, and stopping only 5 pips below our suggested target 1.3740. Today, we see its best to count on short term levels to lead the way for the single currency on the short term. Short term support is at Fibonacci 61.8% for the micro term (which the price stopped accurately at almost an hour ago). If we break this level, the Euro will start a drop that we expect to be strong, and will target the most important support (for the short term) 1.3549, and if this level is also broken, the drop will go on, and we will probably see another weekly low below Tuesday’s 1.3434. As for the resistance, it is provided by the falling trend line from yesterday’s high, and is currently at 1.3691. If broken, the Euro will continue this sharp rise, and will target 1.3799 & 1.3885.

Support:
• 1.3645: Fibonacci 61.8% for the micro term.
• 1.3549: Fibonacci 61.8% for the short term.
• 1.3434: Tuesday’s low.

Resistance:
• 1.3691: the falling trend line from yesterday’s high on intraday charts.
• 1.3799: Feb 11th high.
• 1.3885: Feb 2nd low.

---

USD/JPY

Dollar-Yen broke the support 88.53 only to stop in the middle of the way to the suggested target, settling for 88.31. This break gives chance to more drop, but on one important condition. This condition is to stay below, and not break, the falling trend line from 92.13, which is currently only pips above the current price, at 88.53. If the price stays below this line, more drop is to be expected. Short term support is at 88.31, and if broken we will move slowly towards 87, where the targets 87.72 & 87.00 awaits. The technical outlook stays negative as long as we are below the resistance of the day 88.53. But in case this level is broken, USDJPY will enter a long awaited correction for the whole drop from 92.13, with the ideal targets at Dow & Fibonacci levels 89.58 & 90.22.

Support:
• 88.31: Asian session low.
• 87.72: Dec 10th low.
• 87.00: Nov 27th high.

Resistance:
• 88.53: the falling trend line from 92.13 on the hourly charts, the upper limit for the downtrend.
• 89.58: Dow 33.3% for the drop from 92.31.
• 90.22: Fibonacci 50% for the drop from 92.31.

---

Forex Trading Analysis written by Munther Marji for ForexPros.

For information on US dollar index see ForexPros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.]]> <![CDATA[Technical Analysis 4/03/2010 of FXCBS]]> http://forum.jgvfinance.com/thread-346.html Thu, 04 Mar 2010 02:19:29 -0700 http://forum.jgvfinance.com/thread-346.html Thursday March 4 , 2010

Previous session overview

The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.

Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.

Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.

Market Expectations

EUR/USD :
The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.

[Image: EURUSD.gif]

GBP/USD :
Sterling against the U.S. dollar Succeeded to achieving the 61.8% Fibonacci at 1.51300 for the last decline, we expect today on a downward trend for a couple to first target level at 1.49600 then to the level 1.48800, these expectations requires closure candle four hours below the level of 1.50500. We must note the Economic data that will issue from United Kingdom about Official Bank Rate.

[Image: GBPUSD.gif]

USD/JPY :
We expect today for the pair U.S dollar against the Japanese Yen a bearish direction prevailing over an intraday basis; main targets start at 87.660 then 86.800. Chances of achieving this bearish direction will remain intact if the four-hour closing remains below 90.000.

[Image: USDJPY.gif]

[/URL]]]> Thursday March 4 , 2010

Previous session overview

The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.

Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.

Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.

Market Expectations

EUR/USD :
The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.

[Image: EURUSD.gif]

GBP/USD :
Sterling against the U.S. dollar Succeeded to achieving the 61.8% Fibonacci at 1.51300 for the last decline, we expect today on a downward trend for a couple to first target level at 1.49600 then to the level 1.48800, these expectations requires closure candle four hours below the level of 1.50500. We must note the Economic data that will issue from United Kingdom about Official Bank Rate.

[Image: GBPUSD.gif]

USD/JPY :
We expect today for the pair U.S dollar against the Japanese Yen a bearish direction prevailing over an intraday basis; main targets start at 87.660 then 86.800. Chances of achieving this bearish direction will remain intact if the four-hour closing remains below 90.000.

[Image: USDJPY.gif]

[/URL]]]>