Well, I did not been able to finish AUD previous post, while price already break lower (still far from long term confirmations but well there we are) and both Euro and Swissy break previous key highs. a quick post: watch next support in Euro at 1.4640, if we break there we could see hell breaking lose today (I’m over reacting yes.. sorry   ) next key level for Swissy comes at 1.0320.

Far from been over, day is pointing for a quite interesting dollar, and yen close: stocks and commodities remain under pressure, and seems rally is not over yet. Here is the link for the last updated report.

http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-10-30.html

Have a great weekend! I will

Again, EUR/CHF moved under 1.5100 and jumped up 80 pips in 15 minutes, while dragging USD/CHF from 1.0170 to 1.0230; Euro feel the movement and dropp quickly to test the 1.4800 area. If this gives up, look for the 1.4770 area there! Swissy should move above 1.0230 to test the 1.0285 level.

Here is the majors update. Enjoy!

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-10-28.v02.html

So many times I have been talking of this, is a pleasure to find out I’m not alone in  my ideas

If you have some time, take a look at this article, and you will understand why, despite sentiment keeps Euro close to the yearly high, sometimes we need to look beyond charts:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6448884/Deflation-fears-as-Eurozone-and-US-credit-contracts.html

Eur/Usd has break lower as gold also break the 1043 key support level and stocks keep falling in the U.S. Early to say, if both, pair and gold close the day at current levels or lower, we could see some further downside movements this week as fears growth, and panic selling begins. Anyway we should see some upside corrections from here, before next down leg. The strength and length of that correction will tell us if Euro will be able to regain the 1.5000 level or not.

Both currencies continue losing ground against dollar; here is the link to the last new I write, and next support/target area for both pairs:

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=72d16ac9-27c4-46ac-9505-a6d1435601d3

ISM came worst than expected, and dollar is pushing higher, trying to break against Euro the 1.4360 zone. First attempt lead to a rebound, yet as long as we remain under 1.4380/4400, we can still see another retest of the support. Gbp lost the 1.7000 and returned to the 1.6940 zone. Should clearly break that level to continue falling.

EUR/USD Current price: 1.4054

Bearish in the hourly, pair is holding above 1.4040 static support zone, ahead of 1.4000 psychological level. With indicators suggesting more downside pressure, expect the rally to accelerate under that level. 4 hours indicators support the perspective also.
Support levels: 1.4040 1.4000 1.3960
Resistance levels: 1.4090 1.4135 1.4170
GBP/USD Current price: 1.6388

Under selling pressure, pair seems unable to regain the 1.6420 zone. A descendant trend line, along with 20 SMA should cap the upside, while clear break under today’s low at 1.6330 will accelerate the downside. Bigger time frames support the perspective as daily charts are about to give bearish signals.
Support levels: 1.6330 1.6280 1.6250
Resistance levels: 1.6420 1.6470 1.6520
USD/JPY Current Price 96.00
Falling strong, 96.00 is barely holding the downside despite indicators are close to oversold conditions in the hourly. Hourly candle opening under 95.90 or so, could trigger some bearish momentum in the pair, as bigger time frames also support further falls.
Support levels: 95.90 95.50 95.20
Resistance levels: 96.30 96.80 97.00

Sorry for the lack of post today! I’m having some issues here with the software to edit and publish the blog. You can check today’s levels in this hourly report I write an hour ago.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-06-15.v03.html

Let’s see if i can add some more in the next hours!