Forex

Posts Tagged ‘risk’

Having halted its declines at the 1.2586 level and closed marginally higher on Wednesday. A follow-through higher is now underway with risk of further bullish build up towards its Aug 18'10 high at 1.2921. Further out, resistance is located at the 1.3332 level with a break of there resuming its

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• EURJPY: Rolling Over With Eyes On The 125.19/22 Levels (0)
• Daily Forex Update: AUD/USD (0)

In $/cad in the longer term, the market remains within its extended period of ranging with a slight downward bias for the last year (large bearish channel, see weekly chart below). Still seen as a large bottoming, but with some risk for more ranging and even a retest (and slight

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• Daily Technical Analysis (0)
• Currency Crosses Pairs Analysis (0)

The pair remains vulnerable to downside after taking back most of previous week gains last week. With that said, risk of further weakness is likely towards the 84.71 level. On a break and hold below there, USDJPY should target the 82.00 level, its psycho level where a violation will target the 81.00 level.

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• GBPUSD – Targeting The 1.6000 Level (0)
• Daily Technical Analysis (0)

A follow through higher on the back of its Monday gains is now underway suggesting a run at its big psycho level at 1.6000. This is coming on the heels of a break and hold above the 0.5814/1.6068 levels which has now opened up risk even beyond the 1.6000

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• AUDUSD: Remains Pressured To The Downside On Correction (0)
• GBPUSD: Recaptures The 1.5110 level, Eyes The 1.5253 Level (0)

The pair remains biased to the upside as it continue to put pressure on its psycho level at 1.3000 and the 1.3027/45 levels, its July 20/27'10 highs. Above that level will call for more strength towards its May 10'10 high at 1.3093 with a loss of there triggering further strength

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• GBPUSD: Watching Bearish Acceleration (0)
• EURUSD – Further Bullish Offensive Expected (0)

Range trading continues to dominate the cross's price action as it traded lower on Thursday within its trading range between the 110.67 and 113.40 levels. However, it remains biased to the upside nearer term and looks to resume that trend towards the 113.40 level, its Jun 21'10 high and then

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• Market Morning Briefing (0)
• Aud/Usd Near-Term Bearish Bias (0)

The Japanese Yen has been in range trading for sometime now. Despite it being a tight range, there are plenty of opportunities to capitalize on the movements with low amount of risk.

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• USD-JPY Seemingly Undecided, but Drifting Lower (0)
• EURGBP: Weakness Set For The 0.8601 Level (0)

Risk is on this Tuesday morning. A combination of good news, bad news has stirred the Euro.

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• GBPUSD: Set To Break Back Above The 1.5484 Level (0)
• The Four Letter R-Word (0)

The peak at 89.14 was close enough to to the 89.20 to satisfy this target and now this must hold on any correction. While it holds I still see the risk as lower and back to yesterday's 88.38 low and later towards 87.50-75 and finally somewhere close to the 86.96

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• Technical Analysis Daily: USD/JPY (0)
• Foreign Exchange Market Commentary (0)

During the week covered by the latest IMM positioning data, USD has weakened more than 2% in effective terms, with EUR/USD breaking well above 1.26 in summer-thin trading and with USD/JPY dropping below 87. The broad-based USD weakening has coincided with speculative investors trimming their net long USD positions, primarily

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• EURUSD – Climbs Back Above The 1.5062 level (0)
• GBPUSD – Set To Break And Hold The 1.4782/97 Level (0)