Author: FX_Trdr

2013.12.05 | USDCHF Market Analysis

USDCHF Trends & Fibonacci Retracement Levels

The USDCHF currency pair has been virtually unchanged in forex market trading today with the USDCHF registering a high of 0.90308 and reaching to a low of 0.89827 on the day. Trends data shows the pair is currently in a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair also continues to be in a downtrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for the major 0.9000 level below to provide the bulls with near-term support and potentially the 23.6% fibo retracement level at 0.9027 will provide further support if prices can gain some bullish momentum. Otherwise, further decline potentially opens up the 0% fibonacci retracement level down at 0.8889.

USDCHF Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -89.5 pips
30-day current trend is BULLISH / Trend strength of 50.9 pips
60-day current trend is BEARISH / Trend strength of -54.3 pips
90-day current trend is BEARISH / Trend strength of -269.9 pips
180-day current trend is BEARISH / Trend strength of -485.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88892
— 0.236 – 0.90279
— 0.382 – 0.91137
— 0.500 – 0.91831
— 0.618 – 0.92525
— 0.764 – 0.93383
— 1.000 – 0.94770

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.05 | EURUSD Market Analysis

EURUSD Trends & Fibonacci Retracement Levels

The EURUSD currency pair has been relatively unchanged in forex market trading today with the EURUSD registering a high of 1.36387 and reaching to a low of 1.35795 on the day. Trends data shows the pair is currently topping out of the recent short-term uptrend with prices trading just under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. If we see prices take a bearish turn, look for support at the 38.2% fibo retracement area of 1.3539 and larger support at the 1.3500 major level while 1.3600 remains important resistance above.

EURUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 86.9 pips
30-day current trend is BEARISH / Trend strength of -118.9 pips
60-day current trend is BULLISH / Trend strength of 76.0 pips
90-day current trend is BULLISH / Trend strength of 365.1 pips
180-day current trend is BULLISH / Trend strength of 739.4 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.38317
— 0.236 – 1.36509
— 0.382 – 1.35391
— 0.500 – 1.34487
— 0.618 – 1.33583
— 0.764 – 1.32465
— 1.000 – 1.30657

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.05 | NZDUSD Market Analysis

NZDUSD Trends & Fibonacci Retracement Levels

The NZDUSD currency pair has been virtually unchanged in forex market trading today with the NZDUSD registering a high of 0.82254 and reaching to a low of 0.81771 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Watch for the 0.8250 level (38.2% fibo area) to provide some overhead resistance while downward action through our short-term MA will open a retest of the 50% retracement area below.

NZDUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 7.4 pips
30-day current trend is BEARISH / Trend strength of -147.2 pips
60-day current trend is BEARISH / Trend strength of -85.0 pips
90-day current trend is BULLISH / Trend strength of 447.0 pips
180-day current trend is BEARISH / Trend strength of -34.4 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.85410
— 0.236 – 0.83464
— 0.382 – 0.82260
— 0.500 – 0.81286
— 0.618 – 0.80313
— 0.764 – 0.79109
— 1.000 – 0.77163

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.05 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been falling in forex market trading today with the USDCAD registering a high of 1.06830 and touching a low of 1.06613 on the day. Trends data shows the pair is continuing to climb in a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for the 1.0700 level to present the next obstacle to the upside with the 1.0650 level looking to provide near-term support below.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 197.8 pips
30-day current trend is BULLISH / Trend strength of 230.8 pips
60-day current trend is BULLISH / Trend strength of 343.3 pips
90-day current trend is BULLISH / Trend strength of 168.3 pips
180-day current trend is BULLISH / Trend strength of 328.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.07058
— 0.236 – 1.05819
— 0.382 – 1.05053
— 0.500 – 1.04433
— 0.618 – 1.03814
— 0.764 – 1.03047
— 1.000 – 1.01808

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.05 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading lower than the daily pivot point at the 101.967 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.432 while the low of day reached to 101.843. The pair earlier today opened the Asian trading session virtually on top of the daily pivot and has trended lower over the course of the day finding support at the S1 support area.

Daily Pivot Point: 102.327
— S1 – 101.825
— S2 – 101.308
— S3 – 100.806
— R1 – 102.844
— R2 – 103.346
— R3 – 103.863

Weekly Pivot Points: USDJPY

Prices are currently trading slightly below the weekly pivot point at time of writing. The USDJPY has been on an overall bearish trend this week after opening the trading week above the weekly pivot and seeing bullish action to 103.00 before retreating lower.

Weekly Pivot Point: 102.042
— S1 – 101.483
— S2 – 100.572
— S3 – 100.013
— R1 – 102.953
— R2 – 103.512
— R3 – 104.423

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.05 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading below the daily pivot point at the 1.63577 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64026 while the low of day reached to 1.63365. The pair earlier today opened the Asian trading session above the daily pivot, bounced off the pivot higher and then found resistance near the 1.6400 level to trend lower as the day has gone by.

Daily Pivot Point: 1.63683
— S1 – 1.63342
— S2 – 1.62870
— S3 – 1.62529
— R1 – 1.64155
— R2 – 1.64496
— R3 – 1.64968

Weekly Pivot Points: GBPUSD

Prices are currently trading above the weekly pivot point at time of writing. The GBPUSD has been on an overall sideways trend this week after opening the trading week higher than the weekly pivot.

Weekly Pivot Point: 1.62918
— S1 – 1.62003
— S2 – 1.60407
— S3 – 1.59492
— R1 – 1.64514
— R2 – 1.65429
— R3 – 1.67025

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.05 13:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading over the daily pivot point at the 1.35903 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.36387 while the low of day has reached to 1.35795. The pair earlier today opened the Asian trading session above the daily pivot, caught some bullish momentum up to above the R1 level and then has trended back towards the pivot as the day has progressed.

Daily Pivot Point: 1.35747
— S1 – 1.35449
— S2 – 1.34978
— S3 – 1.34680
— R1 – 1.36218
— R2 – 1.36516
— R3 – 1.36987

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point at time of writing. The EURUSD has been on an overall sideways trend from the start of this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.35664
— S1 – 1.35118
— S2 – 1.34348
— S3 – 1.33802
— R1 – 1.36434
— R2 – 1.36980
— R3 – 1.37750

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

In an interview with WSJ’s David Wessel, Cornell’s Eswar Prasad, author of a forthcoming book, “The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance,” explains why the U.S. currency remains so dominant despite all the nation’s woes.

A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city’s bond holders. The ruling by U.S. Judge Steven Rhodes, who cited the city’s dismal finances and $18 billion owed to a multitude of creditors in support of his decision, marks a watershed in the history of Detroit. Once known as the cradle of the U.S. auto industry, the arsenal of democracy and the birthplace of Motown music, Detroit now adds an ignominious new title: largest bankrupt city in U.S. history.

2013.12.04 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been gaining more higher ground in forex market trading today with the USDCAD registering a high of 1.06768 and reaching to a low of 1.06369 on the day. Trends data shows the pair is continuing along in a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair also continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Watch for the top of the fibonacci at 0.0% (1.06711) for upside resistance with near-term support likely to be found below at the major 1.0650 level.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 216.8 pips
30-day current trend is BULLISH / Trend strength of 216.8 pips
60-day current trend is BULLISH / Trend strength of 325.2 pips
90-day current trend is BULLISH / Trend strength of 159.1 pips
180-day current trend is BULLISH / Trend strength of 322.7 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.06711
— 0.236 – 1.05554
— 0.382 – 1.04838
— 0.500 – 1.04259
— 0.618 – 1.03681
— 0.764 – 1.02965
— 1.000 – 1.01808

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.