Get Free Forex Alerts and Free Forex Training with GetForexAlerts.com

  • Forex Alerts
  • Technical Analysis
  • Forex Education
  • Daily Commentary
  • VPS provider
  • AutoSignals
  • Managed Funds
  • Forex Training

Chat with us if available:

CALL US! Monday-Friday:

9:00AM - 6:00PM EST Time Zone

(616) 796-9290

March 18 commentary

published on 03/18/2010 in - Commentary
Currency Pair Daily Momentum 4-Hour Momentum 1-Hour Momentum Support Resistance Comments
 
EUR/USD 1.3650
1.3620
1.3580		 1.3700
1.3740
1.3780		 1240GMT possibly basing out on 1.3650, downside potential remains while below 1.3700/10, above may see recovery back to 1.3740/45 area
 
GBP/USD 1.5250
1.5200
1.5150		 1.5300
1.5350
1.5390		 1243GMT holding above 1.5245/50 55-hour sma and below 1.5300 21-hour sma/Kijun line, bias lower while below key trendline resistance at 1.5350
 
USD/JPY 89.95
89.60
89.30		 90.40
90.70
91.00		 1247GMT testing below the daily cloud while under 90.18, but rebound from 89.70 may see higher, above 90.35/40 has potential to 90.70/75
 
USD/CHF 1.0550
1.0500
1.0440		 1.0610
1.0650
1.0680		 1251GMT bias higher while above hour trend line at 1.0570/21-hour sma at 1.0555, above 1.0600/10 may see higher to 1.0645/50 initially
 
AUD/USD 0.9190
0.9150
0.9100		 0.9220
0.9250
0.9280		 1304GMT downside remains in focus short-term while below the 21hr sma near 0.9220, more support lurks down near the 0.9190 area
 
USD/CAD 1.0100
1.0170
1.0130		 1.0135
1.0170
1.0210		 1307GMT remains in a 1.0135 to 1.0170 range in the short-term, break to the topside should find more resistance ahead of the 1.0170 area
 
EUR/JPY 123.00
122.50
122.00		 123.65
124.10
124.50		 1255GMT dropped out of main up channel, bias lower while below 123.65/70, short-term base from 122.65/70 may see sideways consolidation
 
NZD/USD 0.7115
0.7060
0.7000		 0.7180
0.7230
0.7270		 1311GMT looks like a potential hourly double-top near the 0.7170/80 zone, break below 0.7115 would project a measured move towards 0.7060
 
EUR/GBP 0.8920
0.8900
0.8870		 0.8965
0.8985
0.9020		 1259GMT bias lower while below 0.8960/65 21-hour sma, above may see up to 0.8985/90, below 0.8920/25 may see test of 0.8900 to start
 
AUD/JPY 82.70
82.25
81.50		 83.15
83.50
84.00		 1314GMT the 21hr sma by 83.15 looks like the short-term pivot here, above sees to the hourly upper Bollinger band near 83.50 initially
 
GBP/JPY 137.50
137.00
136.50		 138.10
138.60
139.00		 1302GMT bias lower while below 138.00/10 21-hour sma, above may be a break of bull flag consolidation and see higher to 139.00 initially
 
CAD/JPY 89.15
88.70
88.30		 89.70
90.10
90.70		 1319GMT the broad 88.30 to 89.70 range still dominates here, break above the top of the span sees towards 90.10 initially
 
- Optimal phase to initiate position with arrow - Cycle mature, protect profits
- Cycle extreme, t/p, plan for new cycle - Hold Cycle in direction of arrow
Disclaimer: The information in this report constitutes market information and commentary only and is not intended as an offer or solicitation with respect to the purchase or sale of any currency. All such information is subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation or needs of any particular recipient and does not constitute a personal recommendation. Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. While the information contained herein was obtained from sources believed to be reliable, the author of the report does not guarantee its accuracy or completeness, nor does the author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon such information or opinions. This report has been issued by FOREX.com who is authorised and regulated by the Financial Services Authority.

Speak Your Mind

Tell us what you're thinking...

Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
 

There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.

 
More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. To manage exposure, employ risk-reducing strategies such as 'stop-loss' or 'limit' orders. Placing Contingent Orders (stop loss, limit, etc) may not limit your losses to the intended amounts”
 
As with any investments we MUST state: Disclaimers and Disclosures - Forex trading carries a high level of risk and may not be suitable for all investors. Trading on margin magnifies the potential for profit and loss. Before deciding to trade forex, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that this website is not rendering investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. The information and opinions found on this website are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this website are subject to change without notice. The reports within the website have been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
 
Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
 
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
 
More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. To manage exposure, employ risk-reducing strategies such as 'stop-loss' or 'limit' orders.”
 
FOREX.com UK is not currently accepting account applications from residents of the People’s Republic of China and Nigeria.
Governmental restrictions and our policies prohibit us from opening accounts from the following restricted OFAC sanctioned countries: Afghanistan, Burma (Myanmar), Cote d'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Former Liberian Regime of Charles Taylor, Iran, Iraq, Libya, North Korea, Sudan, Syria, Unita (Angola) and Zimbabwe, as well as other
individuals specifically sanctioned.”
 
Third Party Research Disclaimer: FOREX.com has partnered with Trading Central to provide you with research materials. Any recommendation, opinion or advice contained in such material does not reflect the views of FOREX.com, and FOREX.com does not verify any information included in such material. FOREX.com assumes no responsibility for any fact, recommendation, opinion or advice contained in any such research material and expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to FOREX.com. It is understood that, without exception, any order based on such research that is placed with FOREX.com for execution is and will be treated as an UNRECOMMENDED AND UNSOLICITED ORDER. Further, FOREX.com assumes no responsibility for the accuracy, completeness or timeliness of any such research or for updating such research, which is subject to change without notice at any time. FOREX.com does not provide investment, tax or legal advice. Under no circumstance is the information contained within such third party research to be used or considered as an offer to sell or a solicitation of an offer to buy any particular investment. The information in this report has been approved by FOREX.com who is authorised and regulated by the Financial Services Authority.
 
Please also review our PRIVACY POLICY and TERMS OF SERVICE