The Advisor Weblog

Usd/Chf in the longer term: turn around?

Valeria Bednarik — Mon, 05 Jan 2009 15:13:11 +0000

The Usd/Chf seems quite vulnerable at the time: despite testing the1.0380 zone, the pair was unable to confirm under the weekly ascendant trend line, and is starting a new up leg. Today the upside run has been halted by the 38.2% of the last fall, as you can see in the following chart. The pair must break above the 1.1090/1.1120 zone, to continue in this direction: most important resistances from there will be at 1.1200, 1.1280 the zone around 1.1370, 1.1425 and finally 1.1520, 61.8% of the mentioned rally. On the other hand, under the 1.0900 zone the bullish vision will be denied and the Swiss could recover strength, targeting 1.0810, 1.0736, 1.0615 and then 1,0550.

Usd/Jpy close to key level

Valeria Bednarik — Mon, 05 Jan 2009 12:33:50 +0000

Japanese yen has fall pretty well also, taking this pair close to the key level 93.80. Pushing higher, 4 hours charts are pointing to that zone, followed by a more strong level at 94.25. Above that zone I see the pair confirming a bullish continuation with next resistance at 94.80 zone. Regarding supports, 93.10 will be the first zone to consider, followed by 92.50/60 zone, and finally 92.20.

Eur/Usd for today

Valeria Bednarik — Mon, 05 Jan 2009 12:00:41 +0000

The Eur/Usd has fall pretty well since the beginning of European session, breaking daily minimum right now, and in 4 hours charts indicators are pointing for a continuation after opening under the 50% of the last daily up leg:despite the oversold state in smaller charts, the pair seems ready to continue, with next supports at 1.3515, a small stop @ 1.3560, but addressing to 1.3520 zone where we have the 200 EMA and the base of a descendant channel. you can see in this chart. Regarding resistances, above 1.3680 we could see some recovery, first to 1.3710, followed by 1.3768 and then the zone @ 1.3820.

Majors’ s sentiment for today

Valeria Bednarik — Mon, 05 Jan 2009 10:16:52 +0000

Here is the majors sentiment for today:Eur/Usd: Bearish

Gbp/Usd: Neutral

Usd/Chf: Bullish

Usd/Jpy: Bullish

Starting the day

Valeria Bednarik — Mon, 05 Jan 2009 10:15:12 +0000

Hello everybody and welcome to 2009 in forex market. Hope you enjoy this holidays, and recharge your energy for this new year, that started with a very positive greenback, mostly as we comment last week: Obama stimulus plan is getting closer, ECB rate cuts also, and oil is rising a bit, close to 50 dollars a barrel. The return to activity has come with what it seems is going to be a quite volatile week, full of key fundamental reports, you can check following this link:

http://www.fxstreet.com/fundamental/economic-calendar/

Anyway, let’s start with some technical perspective right away, and see how many long term definitions we could find out this week.

Have a great trading day!

Majors’s sentiment for today

Valeria Bednarik — Tue, 30 Dec 2008 09:46:50 +0000

Here is the majors sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bearish

Usd/Chf: Bearish

Usd/Jpy: Neutral

Starting the day

Valeria Bednarik — Tue, 30 Dec 2008 09:45:20 +0000

Good morning everyone, hope you are fine. Exaggerated moves yesterday gave Euro and Swiss Franc good impulse to the upside, but gains remain caped at the time, due to tiny end of year market conditions. However, bothcurrencies remain quite strong all across the board, with Chf ahead as the safe haven investors needs in ths uncertain times. I will take a look at the pair in a next post. Gbp continues to be the weaker currency across the board, while Japanese yen the strongest, and seems this will probably extend into 2009. End of the year, does not mean end of turmoil times: crisis don’t have calendars, or expiration date; once market returns to normal trading volume, maybe traders will remember things like a probable rate cut by the ECB, (The vice president, Lucas Papademos recently commented they may cut in January), or that Barack Obama and his stimulus packs will be here by Jan 20th: could things change forthe U.S. with a new president?

We have some news today you can check following this link, and remember from today on, we are having bank holidays all across the word:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Gbp continues fall

Valeria Bednarik — Mon, 29 Dec 2008 13:34:28 +0000

Nothing new here, Gbp remains the weaker currency across the board, with Gbp/Jpy close to a 13 years minimum (129.32 back in April 1995) and Gbp/Usd fighting to stay above the 1.4600 level: moving in a descendant channel, the pair seems ready to continue to the downside after the strong 1.4660 zone has been broken; only above this value we could see some recovery there, with next resistances at 1.4710 and the zone @ 1.4740, roof of the mentioned channel yet quite unlikely for today. Supports from actual 1.4600 will be at 1.4560, 1.4525 and finally the zone @ 1.4460.

Eur/Usd technical perspective for today

Valeria Bednarik — Mon, 29 Dec 2008 13:22:40 +0000

The pair remains bullish, fighting to break above the 1.4300 level, still unable to do it. 4 hours chart is quite overbought in 4 hours charts, so we could expect a correction under 1.4250 to the zone @ 1.4200. a break under that level, will send the pair back to 1.4170 and then to 1.4125. Regarding resistances, consider 1.4315, 1.4362 and finally the zone @ 1.4390.

Majors’s sentiment for today

Valeria Bednarik — Mon, 29 Dec 2008 11:54:01 +0000

Here is the majors sentiment for today:Eur/Usd: Bullish

Gbp/Usd: Neutral

Usd/Chf: Bearish

Usd/Jpy: Bearish