日本語
Español
中文
Русский
- New York 17:13
- London 22:13
- Barcelona 23:13
- Tokyo 07:13
- Sydney 09:13
FX Trend Report
9
0
DXY maintains key support
Wed, Oct 21 2009, 08:59 GMT
by Peter Ruud
The US Dollar Index maintains wedge trendline support and a key Fibonacci retracement (78.6% of July 08 to March 09 range) remains in place despite failing to overcome the 10-day MA & the 76 handle (former pivot support turned resistance). Meanwhile, the EUR/USD retreated after failing to breach the coveted 1.50 barrier, highlighting 4-hourly bearish MACD, RSI & Stochastics divergence. More importantly, Tuesday's reaction low has highlighted a short-term rising wedge, while 4-hourly RSI has formed a Head & Shoulders pattern. A break below wedge support & the 10-day MA (under the 1.49 region) together with a loss of RSI neckline support near 50, could suggest a deeper retreat towards the 35-day EMA (near 1.4750). A 4-hour close above 1.50, however, will negate the wedge scenario and could trigger a parabolic move up towards 1.52.
Published on Wed, Oct 21 2009, 09:02 GMT
Archive
- 9-period RSI triangle pattern should be watched
Published On Thu, Nov 19 2009, 10:40 GMT - Inflection point for risk appetite
Published On Mon, Nov 16 2009, 10:14 GMT - EUR/USD probes above channel midpoint
Published On Thu, Nov 12 2009, 09:22 GMT - EUR/USD tests channel midpoint
Published On Thu, Nov 5 2009, 18:59 GMT - DXY rejects at key moving average
Published On Thu, Oct 22 2009, 09:13 GMT
Informa Global Markets
| 18 King William Street, London, EC4N 7BP
http://www.informagm.com | sales@informagm.com
Legal disclaimer and risk disclosure
Informa Global Markets obtains information for its analysis from sources it considers reliable, but does not guarantee the accuracy or completeness of its analysis or any information contained therein. Informa Global Markets and its affiliates make no representation or warranty, either express or implied, with respect to the information or analysis supplied herein, including without limitation the implied warranties of fitness for a particular purpose and merchantability, and each specifically disclaims any such warranty. In no event shall Informa Global Markets or its affiliates be liable to clients for any decision made or action taken by the client in reliance upon the information or analyses contained herein, for delays or interruptions in delivery for any reason, or loss of business revenues, lost profits or any indirect, consequential, special or incidental damages, whether in contract, tort or otherwise, even if advised of the possibility of such damages. This material is intended solely for the private use of Informa Global Markets clients, and any unauthorised use, duplication or disclosure is prohibited. This material is not a comprehensive evaluation of the industry, the companies or the securities mentioned, and does not constitute an offer or a solicitation of an offer or a recommendation to buy or sell securities. All expressions of opinion are subject to change without notice.Related reports
Fundamental Currencies Comments - Stocks, commodities gain; Dollar declines by ecPulse.com
Mon, Nov 23 2009, 19:02 GMT
Intraday Forex Technical Report - U.S. Update: Gold keeps leading by FXstreet.com Independent Analyst Team
Mon, Nov 23 2009, 16:01 GMT
Daily Market Report - Greenback is starting the new week on a soft note by Wells Fargo Investments, LLC
Mon, Nov 23 2009, 14:59 GMT
Forex Technical Report - Gold Surges as Dollar is Unable to Follow-Through to Upside by ForexHound.com
Mon, Nov 23 2009, 14:45 GMT
Forex Technical Report - Euro Up Big on Speculation U.S. Economy Will Weaken by ForexHound.com
Mon, Nov 23 2009, 14:44 GMT
Related content
Forex: Dollar falls on Monday; Stocks rally in Wall Street and Europe
FXstreet.com | Mon, Nov 23 2009, 21:58 GMT
Mexico Stocks Close Up, Peso Strengthens Despite Downgrade
Dow Jones | Mon, Nov 23 2009, 21:47 GMT
ForexLive New York wrap-up; Risk trade sputters
Forex Live | Mon, Nov 23 2009, 21:01 GMT
Forex: EUR/USD consolidates important gains but holds below 1.5000, still in ranges
FXstreet.com | Mon, Nov 23 2009, 20:42 GMT
Forex: AUD/USD finds resistance at 0.9275
FXstreet.com | Mon, Nov 23 2009, 20:03 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.