Forex Trades & Talk

      e- Forex Newsletter

      EUR/USD
      The Dollar continued to push the EUR lower breaking both 1.2000 and 1.1960 support levels, reaching lows at 1.1900. As we stated one week ago in our weekly report, 1.1960 wouldn't be more relevant than an interim support level and more important levels are waiting lower starting with 1.1900. The Asian session was quiet, the pair continues trade inside a narrow range of 1.1900-1.1935 since yesterday. Since midnight, the modest EUR recovery started to amplify its momentum so that the 1hr charts are moderately bullish at the time of this writing. Resistance is now seen at 1.1960 followed by 1.2000. The range of 1.1900-1.2000 may be this week's one. Current quote is 1.1930
      Recommended trades:
      While lower lows and fresh downward tests are still in focus, is better to concentrate on short positions. Entries in the 1.1960/70 area with stops a bit above 1.2000 may be profitable while aiming towards objectives in the 1.1900 zone and below.

      Kommentare

      DAILY MARKET COMMENTARY
      Tuesday, October 04, 2005 8:00 GMT
      Daily Commentary
      By: Cornelius Luca
      gftforex.com

      The dollar surged versus both the European currencies and the yen on Monday, just as expected. It ’s overbought in the short term, so any
      corrective pullback should provide new opportunities to buy the US currency. Take your cues from euro/dollar ’s ability to break 1.1885.

      EURO/DOLLAR
      Eurodollar collapsed to a two -month low of 1.1901 on Monday and this adds more confidence that the overall negative sentiment.
      The big prize is 1.1885 and a close below this level would trigger a long -term head-and-shoulders formation. Below a pivotal support at
      1.1866, the euro/dollar has good support only at 1.1670!
      Initial resistance is at 1.1976. Above 1.2000, resistance is seen at 1.2040. The next level remains stacked at 1.2100.
      Oscillators are falling.
      NEAR-TERM: Slightly bearish
      MEDIUM-TERM: Bearish
      LONG-TERM: Bullish

      DOLLAR/YEN
      Dollar/yen surged to a 17-month high of 114.35 on Monday and after some mild correction, this strength should continue.
      The key level here is 114.20 from a 50-point pivot, which targets 114.70 and 113.70. Distant resistance is at 115.50.
      Below 113.70, strong support is at 112.90 from a 50 -point pivot, which targets 113.40 and 112.40.
      Oscillators are advancing.
      NEAR-TERM: Slightly bullish
      MEDIUM-TERM: Bullish
      LONG-TERM: Bullish

      STERLING/DOLLAR
      Sterling/dollar remains under pressure, as expected, after sinking to an over two -month low of 1.7518 on Monday.
      Immediate support remains at 1.7520. Next floor is at around 1.7475. Strong support follows at 1.7380.
      Initial resistance is at 1.7595. Above 1.7620 there is resistance at 1.7730.
      Oscillators are falling.
      NEAR-TERM: Slightly bearish
      MEDIUM-TERM: Bearish
      LONG-TERM: Bullish

      DOLLAR/SWISS FRANC
      Dollar/Swiss franc broke further up to a new high for the uptrend of 1.3040 on Monday and the general sentiment remains positive.
      Good resistance remains in place from a pivotal high at 1.3080. This is a huge level gives way, then there will be few technical barriers
      ahead of 1.3240.
      Initial support is at 1.2975. The next level of significance is 1.2900. Below 1.2845, the dollar/Swiss franc retains support at 1.2790.
      Oscillators are rallying.
      NEAR-TERM: Bullish
      MEDIUM-TERM: Bullish
      LONG-TERM: Bearish
      "Erfahrung ist das, was Du bekommst, wenn Du nicht bekommst, was Du willst." Randy Pausch

      RE: Pivot's

      Guten Morgen, die FX Händler sind die Frühaufsteher, wenn ich älter bin werde ich FDAX Dealer, da kann ich länger schlafen. ;)

      Wünsche einen erfolgreichen Tag, mögen die Pips zu uns kommen. :)

      Dieser Beitrag wurde bereits 1 mal editiert, zuletzt von „goso“ ()

      Pivot's

      guten morgen allerseits.

      EUR-USD
      R3 = 1.213
      R2 = 1.2081
      R1 = 1.2
      Pivot = 1.1951
      S1 = 1.187
      S2 = 1.1821
      S3 = 1.174

      USD-JPY
      R3 = 115.46
      R2 = 114.91
      R1 = 114.53
      Pivot = 113.98
      S1 = 113.60
      S2 = 113.05
      S3 = 112.67

      GBP-USD
      R3 = 1.7729
      R2 = 1.7682
      R1 = 1.7614
      Pivot = 1.7567
      S1 = 1.7499
      S2 = 1.7452
      S3 = 1.7384

      USD-CHF
      R3 = 1.3187
      R2 = 1.3115
      R1 = 1.3066
      Pivot = 1.2994
      S1 = 1.2945
      S2 = 1.2873
      S3 = 1.2824

      RE: einstieg

      - AU RBA Ratssitzung
      • 03:30 - AU Außenhandel August
      • 07:45 - CH Verbraucherpreise September
      • 08:00 - DE Außenhandel nach Ländern 2. Quartal
      • 08:00 - DE Entfernungspauschale 2001
      • 08:00 - DE Studierende v. Lehramtsstudiengängen 1994 bis 2004
      • 11:00 - ! EU Arbeitslosigkeit August
      • 11:00 - ! EU Erzeugerpreise Industrie August
      • 12:00 - ! FR OECD Verbraucherpreise September
      • 13:00 - SE Riksbank Treffen Exekutivausschuss
      • 13:45 - US ICSC-UBS Index (Woche)
      • 14:55 - US Redbook (Woche)
      • 16:00 - ! US Industrieaufträge August
      • 19:00 - US Auktion 4-wöchiger Bills