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We can see obviously that the low volumes are affecting the markets as the tight ranges dominate the trading.

Cautious required now, as we might witness some sudden profit taking actions that might cause sharp trading.

The Dow Jones is settling above 12000 level and succeeded to achieve daily close above it

More upside targets expected, next main target located around 12720

The pair is approaching critical resistance level at 1.5775 , as this level represents proposed neckline of bullish pattern that has upside targets might reach up to 1.6130

For more details, please review the Daily Technical Analysis page for detailed analysis of the pair.

The US Dollar Index is heading south to trade again below 80.00 level

We believe next target might be located around 78.75

 

The pair breached up the 1.3040 retest level which might lead into more upside actions.

Daily close above this level will confirm more bullish bias towards 1.3200 as a first target

Gold price is attacking the 1600$ level attempting to settle above.

We still waiting for more downside targets, but some fluctuations and upside correctiongs might appear.

Crude Oil breached critical support level at 95.00, which represents neckline of a double top formation, and this breach that was followed by daily close below it will lead into more downside move towrads 91.50 levels.

 

Updating our previous technical analysi for Gold, we can see that the price accelerated to the downside achieving our bearish targets and waiting for the main level at 1540.00

Cautious required after touching the mentioned level

More details shown through this link

The pair is attacking the critical psychological level of 1.3000

We need to be aware that a daily close below this level might lead for more deline towards 1.2850 followed by 1.2700

The Crude Oil price is settling below 100$ barrier indicating more bearish actions on the way.

The US Dollar Index is rising showing strength for US Dollar against other currencies.

The Silver price is attacking the critical support levels starting from 34.00 and now closing from 33.50

More details can be found about the silver price technical outlook in our daily analysis page, and cautious is highly recommended during the next sessions.

The pair is attacking the critical 76.30 support level which is conisidered as the main key to open the way for more bearish trend.

Next target located around 75.00

EUR USD continues to fall and our next target around 1.3360

We need to carefully monitor price behavior once it hit the mentioned target, as a break for this level followed by daily close might lead for more downside actions towards 1.2870

More deline on precious metals prices with the opening of this weak.

Next support for Gold located around 1583.00$

The pair is trading negatively since the beginning of this month, and our next target located around 1.0000 level.

Critical levels to watch: 1.0000 support and 1.0360 resistance

 

The pair is hitting the mentioned level attempting to settle above.

Holding above this level will open the way for more upside actions, and more details shown in our morning report.

We remind you with the upcoming big data on the US economy later today.

Non farm payrol (NFP) and unemployment news to be released at 12:30GMT , and high volatiilty expected today.

Trade carefully 

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The pair is putting more negative pressure surpassing the EMA50 and heading towards the retest level of 1.4265.

More details about these levels explained in our morning report

The pair is hitting the mentioned pair attempting the break

A clear break for this level will activate more bearish actions as we explained in our morning report

 

Gold price found solid support level around 1700.00 that forced it to bounce up in which might be the first steps to resume the main upside trend.

Breaching above 1768.00 will be the key to reach higher targets begins with 1835.00 followed by 1885.00

 

The pair succeeded to reach the first main target near 0.9765 and bounced up again sharply to retest the breached support level of 0.9865

We need stability below the mentioned level to confirm more downside targets

The pair declined sharply earlier but still above the critical support level of 1.4305 

More details about the critical levels shown in our morning report

The mentioned level is critical to determine the next intraday and short term trend, as a stability above it will lead for more upside actions towards 1.4600 levels.

More details in our morning reports

The pair is hitting the 0.9850 levels now, and this is the first step to confirm more downside correctional moves in the next period.

 

1900.00 level is very close now, and we always remind to be careful when closing from the psychological levels, as we might witness profit gaining pressures that could push the price for some correctional actions.

The Gold is hitting 1800.00 level attempting to settle above it 

More upside targets awaited, and a daily close above this level will boost up the bullish wave to exntend it's targets.

 

The price bounced up sharply to settle above the 1.4370 retest level supporting our bullish expectations.

Next targets located above 1.4500

This level prevents the pair from achieving more upside actions forcing it to bounce down

Stability above this level might lead into 0.8170 levels, and more details can be viewed in our morning report

The price is showing upside bias approaching the 1800.00 levels.

A breach for this level might lead to witness new records in the coming days

Trade carefully

Attempts now to weaken the Japanese Yen as we can see there're sharp declines on this currency.

USDJPY, GBPJPY, EURJPY, and other pairs are beating the pair right now 

High volatility expected

The pair is trading in tight range since morning, while a critical support is coming out around 0.7215.

If the pair succeeded to break this level, then the way will be open to head towards the 0.7000 leve; again

Caution required

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The pair still cannot breach the mentioned level, which represent the key to resume the main up trend

Carefully monitor trading between 1.4385 and 1.4300 levels

The pair is attacking the retest level mentioned in our morning report attempting to settle below this level to add more confirmations about going back to the downside track

We need a daily close below 77.20 for more confirmations 

Next target located around 1,800.00 $

The pair is hitting the 1.0000 level again now.

We need to carefully monitor the next trades, as a breach of this level might be indicator of more upcoming bullish trend.

More details shown in our morning report

Today's opening was at 10740 , and price fell down to hit 10400 levels ,, followed by sharp bounce up to hit 11055 as the current session's high so far .

Volatility still dominating, be careful

Crude oil price bounced up sharply after it opened today's trading with 5 dollar falling down

This decline was fully covered, while more volatility is expected today.

Caution required.

Gold Price hitting new records , and now stable above 1700.00 $ level.

We should carefully monitor the coming trades as there might be profit gaining actions that could hit the price down sharply.

High volatility might be witnessed on the markets today, as the big news are coming out later today.

Carefully trade, and secure your positions wisely.

The pair is retesting the critical 1.4155 level previously broken.

Stability below this level will help keeping our expected bearish scanerio valid 

The price hit early the resistance line of the major uptrend channel, and the following chart explains the idea:


 

We should carefully note that there is a possibility of moving down targeting the first critical retest level of 1575.00, which represents previously recorded high.

We need to consider that the trading rules withing price channels would say that Gold price might go towards 1530.00 and might extend for more downside actions targeting 1465.00

Only a breach above 1682.00 has the ability to push the price for more upside targets and delay the expected down moves.

The pair is heading north straight after confirming our suggested bullish pattern early this morning 

Targets close, and some rebound might appear after hitting levels around 0.9800 

More details shown in our morning report 

The price fell very sharp losing more than 6$ a barrel.

Carefully note that a daily/weekly close below 87.00 might lead for more declines on price, as this level represents critical retest level for the med-term trend.

Eyes should be focusing on 87.00 and 89.60 levels
 

The retest level of 79.65 was able to prevent the pair from achieving more upside actions.

We need to witness daily close below it to be sure that our scanario will remain valid

More details about our expectations can be viewed through the follow link:

Major Currencies Morning Report 04 - August - 2011

 

The pair is hitting the 38.2% fibonacci level at 1.4155 in attempts to breach it

Carefully monitor the current trades, as a clear break of this level and stability below it will lead into decline towards 1.4000 followed by 1.3910
 

The Dollar is dominating the market causing major currencies' pairs to fall against it.

High volatility expected, specially with the NFP data coming up tomorrow 

An early intervention on Yen casued high volatility on Yen pairs, as we see USDJPY pair inclined sharply closing from the critical support level of 79.65

Carfully monitor the next trades for clearer signs of the upcoming trends. 

The price faced strong resistance coming from the retest level explained in our morning report.

Some bearish action expected and we might see 0.9500 levels. 

Gold price hit levels near 1673.00 recording new historical highs.

High volatility expected, and cautious required
 

Tha pair is trading around the 38.2% fibonacci level at 1.4155, while we need to carefully monitor the price behavior around this level, as a break will lead for more downside actions towards 1.3910

The price is rallying up closing from the resistance level of the correctional channel shown in our morning report.

More details on how critical this level to determine the next trend can be read through the following link:

 

Major Currencies Morning Report 01 - August - 2011

Some price gaps witnessed on some major pairs, precious metals, crude oil, and us indexes.

The normal reaction is to see these gaps covered again, therefore, we highly recommend a deep monitoring of the next movements waiting for clearer signs for the upcoming trends. 

This tight range indicates that an acceleration could appear on the pair once one of the range's levels will be surpassed.

Critical levels of this range are 1.4325 and 1.4375

The pair is attacking the critical 0.8000 level in an attempt to open the way for more downside targets.

A break of this level will support our bearish outlook.

The pair is attacking the critical level of 77.65 mentioned in our morning report.

The importance of this level is that a clear breach of it will be good indicator of turning back to the main downside trend.

More details in our morning report.
 

The pair is attacking the 1.4500, while we believe this level might cause some correctional actions that could push the pair for some downside moves.

Stability above; 1.4455 is important to keep the waited bullish trend valid.

Nothing left to touch the critical 0.8000 level.

High volatility might appear when touching this level.

The industrial index opened this week on big negative gap that pushed it below 12500 level

Normal action is to cover this gap, and this could push the index to reach 12600s.

Carefully note that a break for the 12415 might lead for more downside actions

The pair is breaking the 0.8100 support level opening the door towards our main target of 0.8000

Gold price opened this week's tradings hitting new historical highs at 1623.00

More upside targets anticipated , but carefully note that profit gaining actions  might appear from time to time.

High volatility is expected.

The pair was effected by the CPI news that came out for the canadian economy.

The resistance level of the main downside channel still protect our bearish scenario.

More details in our morning reports.

The pair is hitting the mentioned level around 0.8240 now, while we still wait for bounce down to activate our bearish scenario.

Stability below this level is required to keep our expectations valid. 

This is considered as the first important resistance facing the pair, followed by the 1.4440 .

We shall monitor the current trades carefully, mainly with the mentioned levels, as a clear breach will lead for more upside moves towards 1.4700 then 1.4940.

More details in our morning report 

The price couldnt settle above this level today, and this might be an indicator of another profit gaining actions coming on the way.
We need to monitor the critical levels of 1596.00 and 1604.00 in order to determine the next intra day destination. 

The pair fell down sharply trading now around the retest level of 1.4155.
More cautious required, as a break of this level could lead for more downside moves towards 1.4000 and might extend to 1.3910

1600.00 Per Ounce is so close now and awaiting a hit for this level.
We highly recommend a careful monitoring for the metal's price as we could see some profit gaining around this level.

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Georgia Anderson` Financial News Network, trader, trader education, online forex, daytrader,forex currency, forex software, investors, forex trading, forex

The major currencies' pairs are falling against the Dollar indicating more downside actions coming on the way.
More details on expected targets and scenarios shown in our morning report.
 

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Georgia Anderson` Financial News Network, trader, trader education, online forex, daytrader,forex currency, forex software, investors, forex trading, forex 

EURUSD and GBPUSD pairs are declining sharply to attack the main support levels mentioned in our morning reports.

Carefully monitor the coming trades as the waited intra day bullish trend might be threatened.

 

Gold and Silver are declining sharply, and we need to watch carefully the next trades, as this might lead the market for some decline.

The pair touched the resistance level of the downside channel which we still wait for a breach to open the way for more upside action.

More in our morning  reports.

Quick look at the AUD USD chart, we could see that the pair is breaching all the resistance levels facing it, specially after closing from the upside channel's support.

Please take a look at the chart (click on image for full size view)

 

The pair retested the breached 0.8325 and waiting to start the downside trip

Stability below this level is important to keep our scenario valid. 

The pair bounced down from the resistance level of the downside channel shown in our morning report.

Negative effect of the momentum indicators still dominating, while we still wait retest of 1.4440 before resuming our waited bullish scenario

More details can be found in our morning report. 

The pair is sharply declining towards the support level of the mentioned intra day upside channel

The pair is approaching the retest level of 1.4325, supported by the minor bullish pattern appeared at 1.4220

The pair breached the critical resistance level of 0.9845

1.4325 is under attack right now, and this might take the price into more declines

The pair is attacking the critical support level of 1.6300, and this is threatening the expected bullish trend

The level is breached, and the pair is attempting to settle above it

The pair declined to touch the critical support level of 0.9710 

The pair is approaching the retest of 1.4455, which appears to show some strength against the bullish attempts.

The pair came very close to the waited resistance level of the downside channel at 1.6470

Some big news awaited today that could affect the markets and cause high volatility 

The pair fell sharply to be away again from the bearish channel resistance level at 1.6480

The pair fell sharply to be away again from the bearish channel resistance level at 1.6480

This resistance is caused by the minor downside channel shown in our charts

The pair is trading between the 61.8% and 76.4% fibonacci levels

A breach for this level will ease the way to attack the retest level located around 79.60

Mixed trading on the pair after the RBA came out with their rate decision.

With some markets closed today for holidays, quite trades appear on the market

The pair fell down after strong break for the mentioned channel

resistance level is around 1.4280, while a breach will lead for more upside action

The pair now is trading again within the main up channel and more incline expected

The prices of precious metals are declining while this could pull down the market

The pair touched our waited support level at 0.9760 and bouncing up

The pair tried to hit the mentioned level which represents the key to go back again to the main uptrend

The pair is attempting to settle above the breached 1.4150 level 

The pair continue trading around the Moving Average 50 settling inside the minor upside channel

The pair is breaching the 1.4150 level and this is the first sign of turning the intra day trend to the upside