Forex Market Updates & Commentary |  |
- November 27th 2009 Weekend Forex Report is available for viewing
- FXDD Review of today and Preview for next weeks key economic releases and events
- Dow closes the week down 154 points
- November 27th 2009 Midday Forex Report from FXDD is available for viewing
- Midpoint of weeks high low ranges tested in $EURUSD, $GBPUSD, $USDJPY and $USDCHF
- $EURUSD testing key 200 hour MA and Fibonacci retracement at 1.4949 level.
- Dec 01 2009 FXDD Online Training Register Here
| November 27th 2009 Weekend Forex Report is available for viewing Posted: 27 Nov 2009 02:16 PM PST |
| FXDD Review of today and Preview for next weeks key economic releases and events Posted: 27 Nov 2009 01:06 PM PST Click on the link below to access the FXDD Weekend Report Note: There is a file embedded within this post, please visit this post to download the file.
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| Dow closes the week down 154 points Posted: 27 Nov 2009 10:04 AM PST The Dow closes early today as the traders start an early weekend with their families. The Dow closed down 154 points. This sent the dollar a bit higher but activity has died down quite a bit. The S & P is down 19 points today. The Nasdaq is down 37.6 points. Oil is down $2.20. |
| November 27th 2009 Midday Forex Report from FXDD is available for viewing Posted: 27 Nov 2009 09:28 AM PST |
| Midpoint of weeks high low ranges tested in $EURUSD, $GBPUSD, $USDJPY and $USDCHF Posted: 27 Nov 2009 08:25 AM PST The dollars moves in NY on the back of the stock markets rally from lows on the opening brought the major currency pairs back to the midpoint of the weeks trades. The levels seems to have slowed the momentum of the corrective moves this morning and may have set tops/bottoms in the respective pairs.
The EURUSD tested the 50% Retracement level at the 1.4986 level. Support comes in at hte 1.4949 level now where 200 hour MA (green line ) and 38.2% retracement is found.
The GBPUSD tested the 50% retracement level at the 1.6507 level. Support comes in at 1.6451 now.
The USDJPY tested the 50% retracement at the 86.98 level. Support comes in at 86.47 now for the pair.
The USDCHF tested the 50% retracement at the 1.0057 level. Resistance comes in at 1.0074/76 and 1.0090 now. |
| $EURUSD testing key 200 hour MA and Fibonacci retracement at 1.4949 level. Posted: 27 Nov 2009 07:25 AM PST
The 200 hour MA and the 38.2% retracement level of the move down from the November 25th high comes in at the 1.4949 level. Look for sellers against the level. A break would be encouraging however with the next target looking to 1.4986. Support now comes in at the 1.4920 level where the 200 bar MA on the 5 minute chart is found.
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| Dec 01 2009 FXDD Online Training Register Here Posted: 27 Nov 2009 07:00 AM PST |
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