EURUSD

Looking good so far. For what it's worth, I'm eyeing a nasty looking divergence that is in our favor - provided Frankie doesn't screw this up.

Waiting for 1.2720-30. Then I will watch. Short or long? I don't know yet but I will make an entry at that point.

Best to figure it out before it gets there (if it gets there).

Little bit of a fight here at .2700 but looks to drop to pivot of .2665 as I mentionied earlier....also Crude still dropping with the market futures.

I suck at drawing

we are close.. by Friday after news we should know to be safer. usdx should go above 100 maybe 110 or 120 .. still waiting for 25246.. reaching 2738 will postpone this.

this is target #15 (25246) chart. the 50 day ema is holding the usdx atm..

target for eu is 1. then .8580 then .7700 then 0.0

Morning all.
Do hammer down time now having sell set up perfection M5,15 & h1 tf to at least 2689 -68 or escape this time and confirm up break 2733 , waiting to see .
H1 candle close 25 min left so 2733 can test by then & next to care about the down again feared .
fontu

I like that level but I have no idea what it is going to do once it gets there...if it gets there. I usualy play rebounds off a what I feel is a fairly good level hence I am leaning Short at that point but that can change so quickly so if it gets there it will have my undivided attention.

Took a drop here in the last few minutes and flirting with 1.27. Who known, it might not get back up there any time soon and if and when it does my outlook could change by then. But yes, I am still waiting for that level unless it drops back down to 1.2610 or so.

not far back enough.. go back to 2002/03

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-08-26_ASIA DAILY FOREX OUTLOOK - Majors.pdf (11.2 KB)


ASIA DAILY FOREX OUTLOOK - Majors
26 Aug 2010, 01:34

SINGAPORE (Dow Jones)



EUR/USD - to consolidate with risks skewed higher. Pair supported by improved investor risk sentiment, surprise rise in German Ifo business climate index to 106.7 in August from July's 106.2 (vs forecast for drop to 106.0), successful Portuguese EUR1.3 billion bond sale. But EUR/USD gains tempered by worries over negative effects of austerity measures on economies of some euro-zone nations; potential threat to Hungary's financial system as forint hit all-time low against CHF, increasing loan repayment costs for many Hungarian borrowers since 70% of Hungarian households and half of businesses have CHF-denominated loans. Data focus: 0610 GMT German September GfK consumer climate survey, 0800 GMT July monetary developments in euro area (M3). EUR/USD daily chart mixed as MACD bearish, but stochastics turning bullish at oversold. Resistance at 1.2725-1.2731 band (yesterday's high-Monday's high); breach would expose upside to 1.2832 (Friday's high), then 1.2902 (Aug. 19 high), 1.2923 (Aug. 18 high) and psychological 1.3000. Support at 1.2603 (yesterday's low), then at 1.2584 (Tuesday's low); breach would expose downside to 1.2520 (July 13 reaction low), then 1.2478 (July 6 low) and 1.2432 (61.8% Fibonacci correction of advance from June 7 low of 1.1875 to Aug. 6 high of 1.3333).


USD/JPY - to consolidate with risks skewed higher. Pair underpinned by JPY-funded carry trades amid positive risk sentiment (VIX fear gauge down 2.77% to 26.7) as Wall Street pared earlier losses to close higher overnight (DJIA up 0.2%, Nasdaq up 0.84%) despite 12.4% drop in U.S. July new-home sales to record low of 276,000 (vst forecast for 0.9% rise), smaller-than-expected 0.3% rise in U.S. July durable goods orders (vs +2.8% forecast). U. S. stocks rebounded on bargaining hunting as well as speculation U.S. housing market may have hit bottom. USD/JPY also supported by USD demand for import settlements, higher U.S. Treasury yields, increased chances of Japanese FX intervention for first time in more than 6 years, BOJ monetary easing to stem yen strength. But USD/JPY gains tempered by Japan exporter sales, ultra-loose U.S. monetary policy. Data focus: 0600 GMT Japan June revised machine tool orders, 1230 GMT U.S. Aug 21 weekly jobless claims, 1500 GMT August Federal Reserve Bank of Kansas City survey, 1600 GMT U.S. July Chicago Fed midwest manufacturing index; Jackson Hole economic policy symposium commences (Fed Chairman Bernanke scheduled to speak tomorrow, investors will pay close attention to his speech for news about further stimulus or quantitative easing). USD/JPY daily chart mixed as MACD in bearish mode, 5-day moving average below 15-day and falling; but stochastics turning bullish near oversold; inside-day-range pattern completed yesterday. Resistance at 84.83 (yesterday's high); breach would expose upside to 85.20 (Tuesday's high), then 85.68 (Monday's high), 85.85-85.91 band (Friday's high-Aug. 19 high), 86.28 (Aug. 16 high) and 86.39 (Aug. 13 high). Support at 84.47 (hourly chart); breach would expose downside to 84.04 (yesterday's low), then 83.58 (Tuesday's 15-year low), psychological round-numbered levels from 83.00 down to 80.00, and 79.70 (record low set April 19, 1995).


GBP/USD - to consolidate with risks skewed higher. Pair supported by positive investor risk sentiment; but gains tempered by lingering concerns over negative impact of fiscal tightening on UK economic growth. Data focus: 0600 GMT UK August Nationwide housing review, 1000 GMT UK August CBI quarterly distributive trades survey. GBP/USD daily chart mixed as MACD bearish, but stochastics turning bullish at oversold; inside-day-range pattern completed yesterday. Resistance at 1.5478 (yesterday's high), then at 1.5513 (Tuesday's high); breach would expose upside to 1.5620 (Monday's high), then 1.5672 (Aug. 19 high), 1.5688 (Aug. 18 high) and 1.5707 (Aug. 16 high). Support at 1.5387 (yesterday's low), then at 1.5370 (Tuesday's low); breach would expose downside to 1.5325 (38.2% Fibonacci correction of advance from May 20 low of 1.4230 to Aug. 6 high of 1.6002; near 55-day moving average), then 1.5123 (July 21 reaction low, matching 100-day moving average and 50% correction).


AUD/USD - to consolidate with risks skewed higher. Pair underpinned by AUD demand for long-AUD carry trades on increased investor risk appetite; but gains tempered by softer commodity prices (CRB spot index settled down 0.66 yesterday at 261.8), political uncertainty in Australia. Data focus: 0130 GMT Australia 2Q private new capital expenditure & expected expenditure. AUD/USD daily chart mixed as MACD & stochastics still in bearish mode, but latter at oversold, spinning-top candlestick pattern completed yesterday. Resistance at 0.8895 (yesterday's high), then at 0.8908 (Tuesday's high); breach would expose upside to 0.8982 (Monday's high), then 0.9018 (Aug. 19 high), 0.9058 (Aug. 18 high) and 0.9082 (Aug. 17 high). Support at 0.8769 (Tuesday's low); breach would target 0.8735 (July 22 low), then 0.8643 (50% Fibonacci retracement of advance from May 25 low of 0.8065 to Aug. 6 high of 0.9221) and 0.8631 (July 19 reaction low).


;-)

Good morning all

Good morning to you as well.

Low volumes i can see on my chart

may be soon decesion will be made up break or return

anyone thinking of bucket shops n' co pushing the price to the low 30s to take out stops and then let it fall?

huh?

No, at least I'm not.

absolutely i'm feeling the same

Watch out - approaching resistance:

I'm thinking about Jackson Hole. You never know what might come out of there. Could be something pretty stinky. Probably no damn good for the USD bulls either - may their stops be tight.

Crude has dropped 10 points mate?
do you trade crude?