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MDunleavy

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Forex Pros – The euro trimmed gains against the U.S. dollar on Thursday, easing back from the daily high as investors awaited a key press conference by the European Central Bank president after the bank’s rate setting meeting later in the day.

EUR/USD pulled away from 1.4646, the daily high to hit 1.4599 during European morning trade, still up 0.11% on the day/......

mane11jun09.pnglarge11jun093.png

BJF Trading Group. Excel Chart. Full size. &PDF

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Headlines:

News flows and economic announcements are slow at the start of this week, and movement is likely to come from technical reactions to recent trade, rather than breaking headlines...

mane11jun132.pngbig11jun133.png

https://docs.google.com/document/pub?id=1fqx-sUKZqF5FCzJUFRnGwz6GSactFp1SPCwlWhzix8A#id.1wlhpdb82x3s

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http://img853.imageshack.us/img853/9797/11jun132.pdf

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A noteworthy improvement in Reserve Bank of New Zealand interest rate forecasts has coincided with a fairly sharp New Zealand Dollar recovery. Indeed, the NZD trades at fresh post-float highs, and relative yield expectations have likely played a part.....Detail

mane11jun21.pngbig11jun21tb.png

http://iticsoftware.com/postimages2//201009/11Jun21.html

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http://img192.imageshack.us/img192/8363/11jun21.pdf

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https://docs.google.com/document/pub?id=1fqx-sUKZqF5FCzJUFRnGwz6GSactFp1SPCwlWhzix8A#id.4hss3l3l2qa1

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A t t a c h m e n t

11Jun21.zip

11Jun21.zip

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Seriously .. this is a very nice thread you got here ..

Been trading for many years .. But looking at your chart .. is a very interesting method ..

Do you mind telling what calculation did you use ??

On each post you always put the fundamental factor first .. And that number .. what is that ?

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Yen is weaker, having lost 0.6% against the USD and underperforming on most of the crosses. There were no fundamental releases as Japanese politics and decreasing support for Prime Minister Kan are the main focus. Still USD/JPY has been remarkably stable over the last two months, essentially range trading between 80 and 82.

Detail below.

mane11jun28.pngtb11jun28.png

http://iticsoftware.com/postimages2//201009/11Jun28.html

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http://img171.imageshack.us/img171/4431/final11jun27.pdf

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https://docs.google.com/document/pub?id=1fqx-sUKZqF5FCzJUFRnGwz6GSactFp1SPCwlWhzix8A#id.5xfkhpioyjci

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A t t a c h m e n t

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Last week GDP reading showed Canadian economy started Q2 with no change after a previous 0.1% decline. Canadian Dollar rose after the Greek vote but dropped again after the disappointing US unemployment reading. Will this trend continue?

mane11jul03.pngbig11jul03tb.png

http://iticsoftware.com/postimages2//201009/11Jul03.html

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http://mdunleavy.byethost7.com/11Jul03.html

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https://docs.google.com/document/pub?id=1r5tvs16QsoQfcng4CL1LxaWk5U9xx2XyLke4fv7UUdQ#id.mxybpx46qbf7

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  • 2 weeks later...

The AUD/USD pair fell hard on Monday, as the USD gained steam against almost all currencies. The markets sold off in general, and risk was shunned by almost all traders as the markets worry about contagion from European debt issues. The pair is still in a bullish uptrend though, and as such – we like buying, but we need a supportive candle first.....

tbbig11jul12.pngtbmt11jul12.gif

http://iticsoftware.com/postimages2//201009/11Jul12.html

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http://mdunleavy.byethost7.com/11Jul12.html

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https://docs.google.com/document/pub?id=1r5tvs16QsoQfcng4CL1LxaWk5U9xx2XyLke4fv7UUdQ#id.b1uj2dsz6igc

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The GOLD found resistance on 1590\95 after the validation of the breakout of

1580 points.

The pair is currently trying a return above 1593.

All indicators are still bullish.

But still ...

Trade Idea: GOLD - Sell (Stop Limit) at 1593.60; Target: 1580.80 ; Stop: 1600.00.

v11jul161mane.png

CLICK HERE for detail information...

http://mdunleavy.byethost7.com/11Jul17.html

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http://iticsoftware.com/postimages2//201009/11Jul17.html

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https://docs.google.com/document/pub?id=1r5tvs16QsoQfcng4CL1LxaWk5U9xx2XyLke4fv7UUdQ#id.jhowt65dxs6a

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More on ... XAU/USD

Gold ’s had an unbelievable start to the week as it surged above the all-time highs at 1610 and is now bumping up against 1625. Gold’s move is being driven by worries about the US dollar as investors seek a safer alternative to the struggling greenback. Any pullback to 1610 will be seen as a buying opportunity, while traders are also likely to take long positions.....

tbu11jul25mane.pngtbu11jul25big.png

CLICK HERE for detail information...

http://img696.imageshack.us/img696/7536/u11jul25.pdf

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https://docs.google.com/document/pub?id=1r5tvs16QsoQfcng4CL1LxaWk5U9xx2XyLke4fv7UUdQ#id.jhowt65dxs6a

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USD/CHF: Despite the intense downtrend resulting in recently established fresh record lows below 0.8000, short/medium/longer-term technical studies are looking quite stretched to us, and we continue to like the idea of taking shots at buying in anticipation of a major base...

11aug01tb.png

http://img24.imageshack.us/img24/3980/o11aug01.pdf

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http://mdunleavy.byethost7.com/11Aug01o.html

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https://docs.google.com/document/pub?id=1r5tvs16QsoQfcng4CL1LxaWk5U9xx2XyLke4fv7UUdQ#id.778o9ee9fdil

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The Swiss franc is having a one sided summer, thanks to the global slowdown.

Even a sophisticated intervention attempt by the SNB was short lived, and failed to stop the franc.

The debt crisis in the old continent and the debt ceiling issues in the US meant a stronger Swiss franc across the board, with fresh records against both major currencies.

Where will this stop?

11aug07.png

~~~>http://mdunleavy.byethost7.com/11Aug01o.html

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~~~>http://img146.imageshack.us/img146/5498/11aug06.pdf

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~~~>https://spreadsheets.google.com/pub?key=0AhXFe9FXJohUdFE0b0FKY3d6eEVCZm04WjlxU0UtTlE&hl=ru&single=true&gid=1&output=html

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*The Euro is still unclear and it seems that investors are waiting for some kind of a trigger to determine the direction. Monday is French & Italian holidays, so the Euro might by numb until Tuesday. Then, there is an important data such as the German GDP and building permits in the US.

*The 200 SMA is still a strong supportive area for the Euro, and as long as it remains above that support it will have better chances for rising towards 1.44 and above. A break-down can take the Euro down to 1.385.

By forexpros....

11aug14m.png

~~~>http://mdunleavy.byethost7.com/11Aug14.html

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~~~>http://img155.imageshack.us/img155/151/11aug14.pdf

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~~~>https://docs.google.com/document/pub?id=1802O1jqxFocie_a6-SU_qe2G75KoKC_JO_InzIxqx1k#id.mprxaw5178k8

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*EUR attempted a rally last week but found resistance at 1.4516 and pulled back.

*As we have noted before, the key resistance level on the daily chart is 1.4530/40 and only a firm move abv there will indicate the next leg higher is under way.

*Until that happens, EUR/USD is in trading range.

Trade Idea: EUR/USD - Buy Stop at 1.4420; Target: 1.4900 ; Stop: 1.4310.

m11aug22.png

CLICK HERE for detail information...

~~~>http://mdunleavy.byethost7.com/11Aug14.html

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~~~>http://iticsoftware.com/postimages2//201009/11Aug14.html

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~~~>https://docs.google.com/document/pub?id=1802O1jqxFocie_a6-SU_qe2G75KoKC_JO_InzIxqx1k#id.mprxaw5178k8

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I hate to show my ignorance here but what do these charts mean please? I thought this had to do with foreign exchanges...foreign investing? My father has been doubting the stability of the US dollar and is looking everywhere to find a place to that is a stable investment. Just shoot me a quick reply please.

thanks

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I hate to show my ignorance here but what do ~~~~~ quick reply please.

thanks

 

CLICK HERE for detail information...

http://iticsoftware.com/postimages2/XO11Feb06.htm

20110815083843.png

======================

The British pound reversed its gains and closed lower. Is this the beginning of a long term move?

m11aug28.png

CLICK HERE for detail information...

~~~>http://iticsoftware.com/postimages2//201009/11Aug29.html

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~~~>http://mdunleavy.byethost7.com/11Aug29.html

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~~~>https://docs.google.com/document/pub?id=1802O1jqxFocie_a6-SU_qe2G75KoKC_JO_InzIxqx1k#id.wnlh7655fung

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  • 2 weeks later...

*The GBP/USD may continue its drop if data from the U.K. or other global economies remained bearish as it will increase the appeal of the dollar as a safe haven. On the hand, the dollar may remain boosted by the $447 billion jobs stimulus plan proposed by president Obama the pervious week.

*This week, the main attention will be on inflation data from both economies as it will give an update about inflation status amid expectations that there might be monetary intervention by the Fed on Sep. 20-21 meeting and by the BoE later in the year.

m11sep11.png

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~~~>http://iticsoftware.com/postimages2//201009/11Aug29.html

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~~~>http://img263.imageshack.us/img263/640/11sep111.pdf

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  • 2 weeks later...

Reasons for a major turn in the us dollar

Bullish dollar

While the Dollar Index hits multi-decade lows and as the euro continues to trade within striking distance of record highs, savvy investors are beginning to wonder if the current market conditions present a unique opportunity to buy the US currency at ultra-cheap levels....[ by fxtrademaker]

m11sep20.png

~~~>http://mdunleavy.byethost7.com/11Sep20.html

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~~~>http://img545.imageshack.us/img545/7531/11sep20.pdf

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~~~>http://iticsoftware.com/postimages2//201009/11Sep20.html

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Market Commentary Dollar Index is just nearing resistance zone of 78.75-79.30 ranges though double dip depression in the US is still glooming resulting in most of the asset classes trading softer especially the equities, the dollar index may go sideways.

11sep25.png

CLICK HERE for detail information...

~~~>http://mdunleavy.byethost7.com/11Sep20.html

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~~~>http://img19.imageshack.us/img19/1197/11sep25.pdf

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~~~>http://iticsoftware.com/postimages2//201009/11Sep20.html

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The New Zealand dollar continued lower for another week. Where will it stop? NZIER Business Confidence is the major event this week.

==============

Trade Idea:Nzd/Usd - Sell Stop at 76.00; Target: 74.00 ; Stop: 77.14

2m11oct02.png

CLICK HERE for detail information...

~~~>http://mdunleavy.byethost7.com/11Oct02.html

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~~~>http://iticsoftware.com/postimages2//201009/11Oct02.html

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~~~>http://img828.imageshack.us/img828/1056/11oct021.pdf

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