Signal Trader - Eur/usd Daily Outlook, Mar 9, 2011

[SignalTrader]

Technical Overview:

Looking at the Daily chart, EUR/USD downward momentum has stopped on the critical support area of 1.385-1.386.

Trading Idea: Best levels to enter LONG positions are between 1.385 and 1.387.

Target is between 1.391 and 1.393.

A break below 1.385 will be a strong SHORT signal.

Analysis by Signal Trader – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

As we predicted yesterday, the short term long at 1.385 with the target of 1.391-1.393 was just accurate. A nice move of between 50 and 60 pips.

This morning, toward the end of the Asian session, the pair broke the crucial support at 1.385. Therefore, we are now looking only for SHORT positions.

Looking at the Daily chart, EUR/USD short term downward momentum has accelerated and the immediate target is 1.378 – the lower band of the equidistant channel.

The second target is at 1.371. We believe that the break of the 1.385 is so significiant that this target is very much achievable in the short term.

Trading Idea:

Best levels to enter SHORT positions are anywhere between 1.382 and 1.385.

First Target is at 1.378, second target is at 1.371.

A break above 1.388 will be a signal to exit short positions. Only a break above 1.394 will be a long signal.

Analysis by Signal Trader – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

The week started with a nice gap up. We believe that the market will close this gap and we see this gap as an opportunity for SHORT positions. As you can see on the daily chart, the pair is moving within the channel and we believe it will go down toward the lower band.

Therefore, our short term target is at 1.386

Trading Idea:

Best levels to enter SHORT positions are anywhere between 1.395 and 1.397.

First target is closing the gap at 1.39 and second target is the lower band of the channel at 1.386.

A break above 1.401 will be a signal to exit short positions. Only a break above 1.4035 will be a long signal.

Analysis by Signal Trader – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

EUR/USD continues to move between the bands of the channel. Yesterday, the pair reached our first target of 1.386, exactly at the lower band of the channel and bounced back 150 pips toward the significant resistance area at 1.401.

Half or our short positions was closed at 1.386 and the second at our stop loss of 1.3965.

Our trading bias for today is neutral. We will wait for a break below the lower band of the channel to enter short positions or to a break above the resistance area of 1.401 to enter long positions.

Trading Idea:

Best levels to enter SHORT positions are at 1.385 or at the 1.4000 area with a stop loss at 1.402.

Long positions should be taken should the pair break above 1.401.

In such case, the stop loss will be placed at 1.397.

Analysis by Signal Trader – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

EUR/USD continues to move between the bands of the channel. For the third consecutive day, the lower band, which rises each day by approximately 15 pips, supports and holds any break down attempt. As for today the lower band of the channel is at 1.389.

Our trading bias for today is neutral. We will wait for a break below the lower band of the channel to enter short positions or to a break above the resistance area of 1.401 to enter long positions.

Trading Idea:

Best levels to enter SHORT positions are between 1.387 and 1.388. Long positions should be taken should the pair break above 1.401. In such case, the stop loss will be placed at 1.397.

Analysis by Signal Trader – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

EUR/USD broke above the significant resistance of 1.404 on Friday.

As we wrote last week, a break above 1.401 is a significant bullish sign, and indeed the pair gained almost 200 pips after breaking it. It was blocked earlier today, during the Asian session, near the 1.42 resistance level.

Its short term bias is Bullish. However, the RSI on the Daily chart is approaching overbought level.

Therefore, our trading bias for today is Neutral.

We will wait for either a break above 1.42 to enter long positions or a break below 1.404 to enter short positions.

Trading Idea:

Best level to enter SHORT positions is around 1.403. Long positions should be taken should the pair break above 1.42.

Between 1.404 and 1.42 our bias is to stay out of the market.

Analysis by Signal Trader – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

Yesterday, EUR/USD broke above the resistance of 1.42. This is a significant Bullish sign and was a signal to enter long positions.

Its short term bias is Bullish. The immediate target is the 14-month high of 1.4281.

A break above 1.428 will be another bullish sign, which will make the target for the pair at 1.45.

However, the area between 1.426 and 1.428 is full with resistances. Therefore – some of the profits should be taken at that level.

The RSI on the Daily chart is hovering around overbought level. However, unlike the classic technical books, a break above 70 may actually accelerate the bullish trend.

Trading Idea:

Best levels to enter LONG positions are between 1.42 and 1.423.

Stop loss should be placed at around 1.418.

Part of the position should be closed at the first target of 1.428 should the pair reach it.

Only a break below 1.404 will be a short signal.

Analysis by SignalTrader.com – the leading solution of all the Forex Systems. Automated Trading on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

Yesterday, the bullish momentum was blocked at 1.415. The pair was hovering around 1.41 and eventually dropped 50 pips to find support at the lower band of the channel.

From the technical aspect – we see a good long opportunity at these price levels.

First, the lower band of the channel succeeded in blocking latest downward moves.

The pair found its immediate support on it at the end of the Asian session earlier today.

In addition, 1.404 was March 7 and 4-month high and therefore should act as major support level now.

Furthermore, looking at the Daily chart – the stochastic oscillator indicates that the upward trend has just started to gain momentum and it is in a classic pattern for further gains.

Finally, looking at the CCI, we can see that the indicator is hovering around 0 mark. In many cases such behavior may indicate on finding support level.

To summarize – we are positioning ourselves for a substantial move upward.

Trading Idea:

Best levels to enter LONG positions are between 1.404 and 1.407, with Stop loss at 1.398.

First target is at 1.421.

A break above 1.422 will accelerate the Bullish momentum.

SHORT positions should be taken only be breaking below 1.398.

Analysis by SignalTrader.com – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

As we predicted, yesterday provided a great long opportunity on EUR/USD. Our levels to enter long positions were accurate and provided us with more than 100 pips for each position. The trend remains bullish. We are clearing part of the position at the current level of 1.4185, as it is very close to our first target of 1.42-1421. The stop loss for the remaining positions was moved up to 1.4115.

Looking at the Daily chart, the pair continues to move between the bands of the upward channel. The CCI hovering around 0 yesterday was indeed a bullish sign.

The stochastic oscillator continues to be bullish.

Trading Idea:

Best levels to enter LONG positions are by breaking above 1.422 with a stop loss at 1.415. First target in such case will be at 1.426 and longer term target at 1.44.

In addition, consolidation at around 1.412-1.414 might indicate another bullish move. In such case – the stop loss should be placed at 1.404.

SHORT positions should be taken only be breaking below 1.404 with a stop loss at 1.41.

Analysis by Signal Trader.com – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

EUR/USD technical analysis picture is mixed. After a huge rally last week, the pair is hovering around 1.445. Looking at the Daily chart we can see that the pair's price is still moving between the bands of the upward channel. Yet, the RSI indicates overbought levels. Looking at the 30-minute chart, the picture is bullish. The pair rally was blocked at the top red band, and now it is consolidating around the middle blue band. In addition, MACD is signaling an opportunity for regaining bullish momentum.

At the current levels we are looking for LONG positions.

Trading Idea:

Best levels to enter LONG positions are between 1.444 and 1.445. Target is at the top red band at around 1.455. Stop loss is at 1.44.

SHORT positions should be taken by breaking below 1.44 with a stop loss at 1.443 and take profit at 1.432-1.434.

Analysis by SignalTrader.com – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

EUR/USD technical analysis picture is mixed. After the huge rally of last week, the bulls took a short break and the bears took advantage of it, pushing the pair price down toward 1.44.

Looking at the Daily chart we can see that the pair is still moving between the bands of the upward channel. The RSI indicated yesterday overbought levels and indeed the pair retreated 100 pips from its current rally peak, before hovering around 1.44.

The most significant medium term support is at the lower band of the channel at 1.426.

Looking at the 30-minute chart, we can clearly see that the pair failed yesterday to remain above the blue band, which resulted in a nice move down. The immediate support is at 1.4377, both EMA 200 and the green band.

At these levels we are looking for longs with a tight stop loss.

Trading Idea:

Best levels to enter LONG positions are between 1.437 and 1.439. Target is at the top red band at around 1.453. Stop loss is at 1.435.

SHORT positions should be taken by breaking below 1.433 with a stop loss at 1.439 and take profit at 1.426-1.427.

Analysis by SignalTrader.com – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

Our trading idea from yesterday was accurate and provided the ones who followed it with more than 100 pips.

The technical picture for today is mixed. On the daily chart the pair continues to move between the bands of the upward channel. Some technical indicators are at overbought levels.

Yet, on the 30-minute chart we recognize a good opportunity for a significant short term rally.

The middle blue band becomes a major support after successfully blocking the 3 latest bearish attempts.

In addition, the MACD is signaling an opportunity for a strong move up.

Therefore, we are positioning ourselves for an additional rally at these levels.

Trading Idea:

Best levels to enter LONG positions are between 1.446 and 1.448. Target is at the top red band at around 1.457. Stop loss is at 1.443.

SHORT positions should be taken by breaking below 1.438 with a stop loss at 1.444 and take profit at 1.426.

Analysis by SignalTrader.com – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.

[SignalTrader]

Technical Overview:

EUR/USD started the week with a massive selloff, pushing its price toward the significant support at 1.435, which held the bearish momentum for now. On the daily chart - the pair continues to move between the bands of the upward channel. The bulls came, once again, at the lower band of the channel, pushing the pair price a bit up toward 1.438.

The RSI indicator is no longer at overbought levels.

On the hourly chart there are many signs for bullish short term reversal.

The DI+ is on extreme low levels, which in the past resulted in a 200-300 pips move upward. Both RSI and MACD are signaling a completion of the downward short term trend and a reversal up.

At the current levels we are expecting a reversal up and taking LONG positions.

Trading Idea:

Best levels to enter LONG positions are between 1.435 and 1.438. Take profit should be located at around 1.45-1.452. Stop loss should be located at 1.432.

In such case, breaking above 1.453, will bring us back to LONG.

SHORT positions should be taken by breaking below 1.432 with a stop loss at 1.437 and take profit at 1.426.

Analysis by SignalTrader.com – the leading solution for Automated Trading. Autotrade on Forex, Indices and Commodities.

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting 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 invest in 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 adviser if you have any doubts.