JDFN Financial Network

April 2011 Blog Posts (38)

SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 28, 2011

Technical Overview:

EUR/USD set a fresh 5-month high earlier today after the historical press conference of the FOMC yesterday.

From the fundamental point of view we think that the weakness of the USD is about to end. From the technical point of view we can see that the pair is way overbought.

On the Daily chart, the pair successfully reached the top band of the upward channel at 1.4883 before retreating 40 pips to its…
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Added by Igal Stophner on April 28, 2011 at 8:22am — No Comments

Forex4you Technical Analysis 27 April 2011

EUR/USD: Technical Analysis



The price  reached target 1.4700, mentioned in the previous forecast. Trading is currently carried out at 1.4675/80 level. Indicators suggest growth, albeit the fact of MACD divergence gives reasons to be ready for a possible large-scale pullback downwards. However, further "bullish" trend is most likely, so next target at level 1.4790/80 may be tested in the near future. support 1.4500 breakout and fixation below would indicate the change… Continue

Added by Forex4you on April 27, 2011 at 8:55am — No Comments

Forex4you Technical Analysis 26 April 2011

EUR/USD: Technical Analysis



The price reached a strong resistance at 1.4650/40 level and pulled back downwards. The pullback stopped at 1.4500 support level. Trading is now carried out around 1.4550/60 levels.  Indicators are not that "bullish" anymore, currently suggesting a possibility of a sideways movement within 1.4650 – 1.4500 range. Support at 1.4500 level was previously mentioned as the key support, which can halt growth. Its breakout would give reasons to… Continue

Added by Forex4you on April 26, 2011 at 8:13am — No Comments

SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 26, 2011

Technical Overview:

After setting a new 4-month high on last Thursday, EUR/USD price is moving between 1.45 and 1.46.

The medium term technical outlook is bullish. The short term technical picture is mixed.



On the Daily chart, the pair successfully returned into the upward channel and the moving averages are still arranged in a bullish structure.



On the Hourly chart the pair is hovering around the blue band,…
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Added by Igal Stophner on April 26, 2011 at 6:44am — No Comments

CAD, Aussie and Gold Weekly Update - April 22 close

USDCAD

The Loonie went above our expectations of last week and made a new low at 0.9453. Price was then rejected and ended on Thursday with a pin bar candle, while Friday was a day of little activity for this pais. Weekly charts show that the price went back and closed inside the…

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Added by Caroline Carlin on April 24, 2011 at 10:40pm — No Comments

Yen Pairs Weekly Update - April 22 close

USDJPY

The Dollar-Yen retraced down to the 38.2% weekly Fibonacci level, breaking past the barrier of the confluence of SMA34 and the middle line of the Bollinger bands. Further downside is on the lines to reach the other side at the lower band and psychological level 80.00. On the…

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Added by Caroline Carlin on April 24, 2011 at 5:37pm — No Comments

Swiss Franc Weekly Update - April 22 close

EURCHF

Last week price went back inside the former weekly descending channel as expected, making a 61.8% correction on the previous swing high, and closing exactly at the level of the upper trend line, slightly above. We have a pin bar that has to be confirmed for a bullish…

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Added by Caroline Carlin on April 24, 2011 at 12:29pm — No Comments

Euro and Pound Weekly Update - April 22 close

EURUSD

The Euro-Pound made a correction last Monday which almost reached our expected target at the former 38.2% weekly Fibonacci level and went inmediately back up for the rest of the week, making new highs near the 127% extension of the previous daily swing high. Friday ended on…

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Added by Caroline Carlin on April 24, 2011 at 10:19am — No Comments

Protecting the Military

There is absolutely no other group of individuals in this nation who should be honored as much as those who toil for us around the world, and in many instances, sacrifice their very lives.  Our military forces and their families are forced to live through great times of difficulty in order to carry out the various requirements deemed essential by the Commander in Chief of our country. 

In this time of war around the world, many of our military forces are on their fifth or sixth tours…

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Added by James Dicks on April 21, 2011 at 6:15pm — No Comments

Forex4you Technical Analysis 21 April 2011

EUR/USD: Technical Analysis



The EUR/USD pair is in a steady uptrend and it will probably continue rising. The count on the chart below is 1.5285 but there is resistance at 1.4850 and heavier resistance at 1.5100 so these are probably more realistic targets. The counts on the larger 3 x 0.005 box chart have already been met so the more muted outlook longer term puts a slight break on excessively bullish expectations.…



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Added by Forex4you on April 21, 2011 at 7:52am — No Comments

SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 20, 2011

Technical Overview:

In the last 2 days, EUR/USD tumbled more than 300 pips just to recover more than half of the loss, gaining more than 200 from the bottom. This technical behavior may signal one of the two: either the bearish short term momentum was a clear first sign of a medium term trend reversal or it was a psychological selloff, providing a good opportunity to go long. Should it is real – then the current rebound of the pair is…
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Added by Igal Stophner on April 20, 2011 at 4:56am — No Comments

Forex4you Technical Analysis 19 April 2011

EUR/USD: Technical Analysis



Forecasts confirmed, the price breached 1.4250 support level and even made an attempt to breach it. It also failed to hold below 1.4350 level, though it did reach level 1.4160. At the moment trading is carried out at 1.4250/60 levels. Indicators are weakening their "bearish" readings", which gives enough reasons to expect reversal to growth. The uptrend channel (blue) line turned out to be a good support for the euro, so further price… Continue

Added by Forex4you on April 19, 2011 at 8:01am — No Comments

CAD, Aussie and Gold Weekly Update - April 15/18 close

USDCAD

Price reached near 0.9680 level in the expected direction for the Loonie, however the three last days of the week there has been a significant rejection from the highs. On weekly charts this pair respected the lower trend line of the descending channel and the week was…

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Added by Caroline Carlin on April 19, 2011 at 7:53am — No Comments

Yen Pairs Weekly Update - April 15/18 close

USDJPY

The Dollar-Yen retested round number 85.00 as expected but barely reached 10 pips above, falling then to the daily SMA200 at 83.50 where price was contained for most of the week, and breaking lower on Friday, reaching the daily middle line of the Bollinger bands at around…

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Added by Caroline Carlin on April 19, 2011 at 2:45am — No Comments

Swiss Franc Weekly Update - April 15 close

EURCHF

Price bounced from the strong resistance level at 1.3200/50 two weeks ago, and as expected in our previous analysis we went last week back down below 1.2900 even further than our targeted area of 1.2880 (1.2840/45). Today’s market extreme volatility at news time brought the…

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Added by Caroline Carlin on April 18, 2011 at 5:13pm — No Comments

Forex4you Technical Analysis 18 April 2011

EUR/USD: Technical Analysis



Previous forecasts, predicting that the price would decline to lower supports when correcting seem to be comming true. The price has already breached 1.4360/70 support level and it's currently making attempts to descend further, to level 1.4250. Trading is being carried out at 1.4340, but it has already been at 1.4300. Indicators are more "bearish" which gives even more reasons to expect the price to reach 1.4250 support in the near future.… Continue

Added by Forex4you on April 18, 2011 at 8:14am — No Comments

SignalTrader.com - EUR/USD Daily Technical Outlook, Apr 18, 2011

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…
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Added by Igal Stophner on April 18, 2011 at 6:42am — No Comments

Euro and Pound Weekly Update - April 15 close

EURUSD

The Euro-Dollar rose last week above previous week’s apparent double top and made new highs, bringing the weekly rising wedge to a steeper angle. Against our main expectations of two weeks ago, price indeed broke the monthly bearish trend line and November 2010 highs, rising…

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Added by Caroline Carlin on April 18, 2011 at 4:40am — No Comments

There’s No Doubt About It … Times Are (Still) Tough!

In the past few years, we have witnessed a rash of massive personnel layoffs and the loss of thousands of small business structures in the U.S. and around the world.  But at this point, I must admit that I still don’t see an end to our financial crisis.  We’re not likely to as long as the price of a barrel of gas continues to rise and inflation threatens our way of life. 

For the first time since September 2008, oil prices rose to reach levels of over $ 110 a barrel, due to the…

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Added by James Dicks on April 17, 2011 at 9:36am — No Comments

Forex4you Technical Analysis - 15 April 2011

EUR/USD: Technical Analysis



The price is still consolidating within previously formed narrow range. No changes have been made to the trading picture. Indicators now seem more "bearish", which gives reasons to expect a serious pull back downwards. However, previous comments are still relevant - 1.4360/70 support breakout will be the first signal for decline with the target at level 1.4250. The uptrend channel (blue) line may be breached as well. If it happens, trades… Continue

Added by Forex4you on April 15, 2011 at 7:47am — No Comments

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