Trade Idea: GBP/USD - Sell at 1.5095
Although the British pound fell to indicated downside target at 1.4940 (61.8% Fibonacci retracement of 1.4781 to 1.5197), as cable has recovered from 1.4936, suggesting minor consolidation would be seen and rebound to the convergence of the Tenkan-Sen and Kijun-Sen (now both at 1.5066) cannot be ruled out, however, renewed... Tue, 09 Mar 2010 09:40:25 +0100

Trade Idea: USD/CHF - Sell at 1.0840
Although dollar retreated after intra-day anticipated rebound to 1.0805, as long as the Kijun-Sen (now at 1.0730) holds, marginal rise to 1.0840/50 cannot be ruled out, however, we are keeping our view that temporary top has been formed at 1.0899, upside would be limited and bring another retreat later. Below... Tue, 09 Mar 2010 09:38:08 +0100

Trade Idea: EUR/USD - Buy at 1.3510
Euro?s intra-day fall to 1.3537 adds credence to our view that further choppy trading would take place and although price has recovered after holding above indicated support at 1.3530, as long as the Kijun-Sen (now at 1.3633) holds, mild downside bias is seen for the fall from 1.3736 to extend... Tue, 09 Mar 2010 09:27:59 +0100

Trade Idea: USD/JPY - Buy at 89.15
Dollar?s intra-day retreat to 89.63 reinforces our view that rebound from 88.14 has formed a top at 90.69 and further consolidation would be seen and retracement to the Kijun-Sen (now at 89.41) is still possible but renewed buying interest should emerge around 89.11 (61.8% Fibonacci retracement of 88.14 to 90.69)... Tue, 09 Mar 2010 09:26:41 +0100

GBP/JPY Mid-Day Outlook
As discussed before, GBP/JPY's recovery from 132.13 might have completed at 137.33 already. Intraday bias is cautiously on the downside for retesting 132.13 first. Break will confirm fall resumption to 61.8% projection of 143.59 to 132.13 from 137.33 at 130.24 next. On the upside, above 135.69 minor resistance will delay... Tue, 09 Mar 2010 08:21:23 +0100

EUR/JPY Mid-Day Outlook
As noted before, EUR/JPY's recovery from 119.64 might have finished at 123.89 already. Intraday bias remains on cautiously on the downside for retesting 119.64 first. Break there will confirm fall resumption and should target 161.8% projection of 138.47 to 126.88 from 134.36 at 115.60 next. On the upside, above 122.78... Tue, 09 Mar 2010 08:17:38 +0100

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for the moment. Consolidation from 1.3443 could still continue. But even in case of another rise, upside is still expected to be limited by 1.3852 resistance to conclude the consolidation from 1.3443 and bring fall resumption. Below 1.3530 minor support will flip intraday bias... Tue, 09 Mar 2010 08:06:37 +0100

USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for moment and consolidations from 1.0897 might still continue. Nevertheless, even in case of another fall, downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor... Tue, 09 Mar 2010 08:02:42 +0100

USD/JPY Mid-Day Outlook
With an intraday top in place at 90.68, bias remains neutral. On the upside, above 90.68 will suggest rise resumption towards near term falling trend line (now at 91.57). On the downside, note that further break of 89.19 will argue that rebound from 88.13 is over and will flip intraday... Tue, 09 Mar 2010 08:00:19 +0100

GBP/USD Mid-Day Outlook
GBP/USD's break of 1.4992 minor support indicates that recovery from 1.4783 has completed at 1.5194 already, after hitting 4 hours 55 EMA. Intraday bias is flipped back to the downside. Break of 1.4783 will confirm fall resumption and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364... Tue, 09 Mar 2010 07:43:07 +0100

Mid-Day Report: Dollar Rebounds as China Comments Sent Gold Down, Sterling and Euro Weak
Dollar rebounded strongly in European session as Gold was hit to as low as 1115 following comments from China. Yi Gang, director of China's State Administration of Foreign Exchange said that whole gold is "not a bad asset", the ability to have more investment in gold is limited by "a... Tue, 09 Mar 2010 07:39:57 +0100

Trade Idea: EUR/JPY - Buy At 120.90
Although euro's retreat from yesterday's high of 123.90 turned out to be stronger than expected and weakness to 120.90/00 cannot be ruled out, as we are keeping our view that wave v has ended at 119.66 earlier, downside should be limited and as long as 120.30 holds, prospect of another... Tue, 09 Mar 2010 04:40:38 +0100

Trade Idea: AUD/USD - Buy At 0.9000
As aussie retreated after faltering below yesterday's high at 0.9134, suggesting further consolidation would take place and whilst pullback to 0.9000/05 (approx. 38.2% Fibonacci retracement o 0.8800 to 0.9134) cannot be ruled out, reckon 0.8967 (50% Fibonacci retracement) would hold and bring another rally later. Above said resistance would extend... Tue, 09 Mar 2010 04:38:20 +0100

GBP/CHF Elliott Wave Analysis
Sterling fell according to our previous update and met indicated downside target at 1.6317 and 1.6118 and the breach of latter support signals wave ii from there has ended earlier at 1.7113, hence wave iii has commended and further weakness to 1.5990/95 would be seen and later to support at... Tue, 09 Mar 2010 04:30:28 +0100

GBP/USD Elliott Wave Analysis
Although the British pound recovered after early anticipated fall to 1.4781, as cable met renewed selling at 1.5197 yesterday, suggesting a retest of said support cannot be ruled out, however, break there is needed to confirm the wave (iii) is still in progress and extend weakness to 1.4600 and possibly... Tue, 09 Mar 2010 04:28:04 +0100

USD/CHF Candlesticks and Ichimoku Analysis
The greenback continued to falter below resistance at 1.0899 and retreated last week, formed another 'doji' star on the weekly chart, suggesting further consolidation below this resistance should take place, however, it is necessary to see a long black candlestick to signal a temporary top has been formed there; then... Tue, 09 Mar 2010 03:56:22 +0100

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound fell sharply to 1.4781 last week, as cable quickly recovered from there, a 'hammer' candlestick pattern was formed on the weekly chart and consolidation above this level would take place, however, it is necessary to see a white candlestick this week to confirm this near term... Tue, 09 Mar 2010 03:54:09 +0100

Trade Idea: USD/CHF - Sell At 1.0810
As dollar has edged higher again, we are keeping our view that further consolidation would take place and as suggested in our previous update that another bounce to the Ichimoku cloud (now at 1.0797-98) would be seen but renewed selling interest should emerge around Friday's high of 1.0810 and bring... Tue, 09 Mar 2010 01:10:35 +0100

Trade Idea: GBP/USD - Sell At 1.5085
The British pound did move lower as suggested in our previous update and current breach of 1.4993 support signals the rebound from 1.4781 has possibly ended at 1.5197 yesterday and further fall to 1.4940 (61.8% Fibonacci retracement of 1.4781 to 1.5197) is likely, break there would add credence to this... Tue, 09 Mar 2010 01:09:08 +0100

USD/CAD Daily Outlook
USD/CAD is still struggling around 100% projection of 1.0779 to 1.0369 from 1.0679 at 1.0269. Further decline is in favor with 1.0366 minor resistance intact. However, as we're treating price actions from 1.0851 as sideway consolidation pattern with fall from 1.0779 as the third leg. Hence, while further decline might... Tue, 09 Mar 2010 01:06:03 +0100