Here is the hourly perspective for majors after las U.S. data:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-09-30.v02.html

Pair is back up, fighting the 1.4680 zone. Seems we are getting into a comfortable consolidation zone under 1.4700 and basing in the 1.4550 strong static support level, also 50% retracement of the last daily upleg. Pair should not easily overcome 1.4680 1.4720 resistances, so expect some downside movement from here, with immediate supports around 1.4640 and 1.4610, 38.2% of the rally. If under, next key support lie at the 1.4515, and then 1.4440 strong zone. Above 1.4720, last resistance comes around 1.4760 zone.

Here is majors sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Hi everybody, and welcome back! I have a terrible cold these days, part because of a sudden return of winter to Buenos Aires, part maybe because I’m a bit over excited on coming to the ITC! Really for me will be a hell of an experience also, travelling alone, away from my girls. They are still too young, I had travelled in the past, not since I become a mom. Life changes a lot! Anyway, forex! forex! not me! As we talk last night in the Daily Wrap Up Webinar, here at FXstreet.com  at 22:30 GMT, gold remains the forex market leader. Where gold goes, there goes dollar. Back above $1000/oz, rising almost 10 dollars in the last 24 hours, and dragging greenback down across the board. Data around the world since past Asian session has been quite positive, except maybe for Europe inflation readings, supporting greenback falling trend. But don’t you there to talk about deflation in the euro zone ok? Anyway, we have GDP and ADP in the U.S. in a couple of hours, so market will wait also for that, to see where are we heading from here. Here is the link for today’s calendar:  

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

Have a great day!

I will be one of the key speakers in Barcelona, October.  Here is the link if you want to know more about it: http://www.traders-conference.com 

Here is majors sentiment for today:

Eur/Usd:  Bearish

Gbp/Usd: Bearish

Usd/Chf: Bullish

Usd/Jpy: Bearish

Eur/Gbp: Bullish

Hi everybody and welcome! Monday again, and some risk aversion is seen since early Asian opening, with stocks down, losing some key level we are going to see in a few minutes, and gold contained under $ 1000/oz. Majors seem to have find a top against greenback, and movements are developing with different strength across the board. Mostly consolidating this morning, Yen strength, that reached the 88.20 zone early Asia, also points for more risk related movements. The currency has rose strongly against major rivals, reaching multi months lows, and rebounded quite strongly from there. Still not bottom seem at this point. Anyway, here is the link for today’s calendar:  

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

Have a great day!

I will be one of the key speakers in Barcelona, October.  Here is the link if you want to know more about it: http://www.traders-conference.com 

Same perspective here, Gbp looks much more bearish than Euro, after that weekly reversal candle that failed to break above the 50% retracement of the monthly rally. This week opening under the 20 SMA, was a first warning of a fall coming, as we always talk in the Wrap Up Webinar, Gbp works great with that MA. Pair is now, under the 38.2% of the rally. Weekly close under that 1.6030 area, will suggest pair should resume downtrend. Indicators are strongly bearish also, so let’s see today’s close.

For today, you can see that 4 hours charts are a bit over extended, suggesting some upside corrections, that anyway and till now, had retreat from the Fibo zone (Tks Puru!). Consider resistances for next hours at that area, followed by 1.6060 and 1.6110 neck of the head and shoulders daily figure, broken yesterday. Supports today, lie at 1.5970 and 1.5920 zone. Clearly under that level, 1.5860 is next target ahead of stronger 1.5750.

We have been following this monthly Fibo since long ago. Pair open this week above the 61.8%, confirming in a way, the bullish midterm trend. the level is around 1.4610, and we saw the pair reached that zone both yesterday and today early Asia, and for now, unable to break under. Still we are barely 60 pips away. So a weekly close under that level, and even better under 1.4550 support, will likely deny the upside continuation, while above that level, better above 1.4700, will confirm the upside continuation. Watch the zone, and the weekly close! If we turn to 4 hours charts, pair is slightly bearish, not quite clear, yet pointing to the downside. Supports from current level come at the very close 1.4660 zone, followed by 1.4610. Clear break under will send us to the 1.4550 strong zone, and I can’t see at this point, the pair falling further. To the upside, resistances come at 1.4700, 1.4735 and 1.4780.

Here is majors sentiment for today:

Eur/Usd: Slightly Bearish

Gbp/Usd: Bearish

Usd/Chf: Slightly Bullish

Usd/Jpy: Bearish

Eur/Gbp: Bullish

Hi everyone, welcome back. As we comment yesterday in the daily Wrap Up Webinar, 2 days to the upside don’t made a trend. Dollar remains weak across the board, and despite yesterday’s strong corrective movement, the American currency remains bearish, except as comment also yesterday, against GBP. Yesterday worst than expected Home Sales in the U.S. trigger the correction we saw across the board. However, gold is under $ 1000/oz, flattering with the level, yet still under. U.S. futures are far from year highs, still to the downside, and majors are waiting for Durable Orders in the U.S. No doubts today close will be key, and we are going to watch weekly charts for that, both in EUR and GBP. Anyway, I’m super excited! ITC is very close, and I can’t wait to be there! Hope to see some of you! Here is the link for today’s calendar:

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

Have a great day!

I will be one of the key speakers in Barcelona, October.  Here is the link if you want to know more about it: http://www.traders-conference.com