Technical Analysis by ACFX

[abdala]

February 10th, 2012

Important Financial Indicators of the dayForecast Previous
GBP 09:30 (GMT) PPI Input 0.4% -0.6%
CAD 13:30 (GMT) Trade Balance 0.7B 1.1B
USD 13:30 (GMT) Official Bank Rate -48.1B 1.1B
USD 17:30 (GM) Fed Chairman Bernanke speaks
Currencies EUR/USD The dollar advanced versus most of its major counterparts as Asian stocks fell and European finance ministers withheld an aid package for Greece.
The dollar rose 0.2 percent to $1.3255 per euro as of 6:30 a.m. in London
AUDUSD Australias dollar fell from near a six-month high after the Reserve Bank lowered its forecasts for growth and inflation this year, boosting scope for policy makers to reduce interest rates.
Australias dollar slid 0.7 percent to $1.0714 at 4:13 p.m. in Sydney, after reaching $1.0845 on Feb. 8, the most since Aug. 2
Commodities Oil fell from the highest in three weeks, trimming a weekly gain, as concern that Europes debt crisis will worsen and curb global commodity demand.
Oil for March delivery fell as much as 46 cents to $99.38 a barrel in electronic trading on the New York Mercantile Exchange and was at $99.57 at 5 p.m. Sydney time
Gold hovered unchanged at around $1,730 an ounce on Friday in cautious trade as euro zone finance ministers held off on approving a bailout package for Greece even after it said it had clinched a deal on economic reforms.
Gold Price was little changed at $1,732.34 an ounce by 0315 GMT, after two straight days of losses.

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[abdala]

February 13th, 2012

Currencies EUR/USD The EUR/USD pair fell on Friday as the market continues to be driven by headlines out of Athens. The pair is gaining strength this morning as Greeces parliament approved austerity measures to secure an international bailout.
EURJPY The yen declined against the euro and other major peers after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures to secure a second package of aid.
The yen declined 0.4 percent to 102.87 per euro as of 6:39 a.m. in London from last week in New York.
Commodities Oil advanced from a three-day low after Greeces parliament approved austerity measures to secure an international bailout, easing concern that Europes debt crisis will worsen and curb demand for commodities.
Oil for March delivery climbed as much as $1.01 to $99.68 a barrel on the New York Mercantile Exchange.
Gold strengthened on Monday in line with gains in shares and the euro after Greece's parliament finally approved a deeply unpopular austerity bill to secure a second bailout.
Physical buying from China also helped lift gold up $US6.10 an ounce to $US1725.49 in Asian afternoon trade.
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[abdala]

February 14th, 2012

Currencies EUR/USD The dollar gained versus all its major counterparts after Moodys Investors Service cut ratings on European nations including Italy, Spain and Portugal, boosting demand for safer assets.
The dollar rose 0.2 percent to $1.3165 per euro as of 2:24 p.m. in Tokyo
USD/JPY The yen fall after the Bank of Japan said it expanded its asset-purchase fund to ensure a recovery.
The yen dropped as much as 0.2 percent to 77.76 per dollar, before trading at 77.68 at 12:48 p.m. Tokyo time from 77.57 yesterday.
Commodities Oil fell from the highest price in almost five weeks on speculation that U.S. crude supplies are rising and demand for fuel may falter as Europe grapples with lower credit ratings.
Oil for March delivery slid as much as 54 cents to $100.37 a barrel in electronic trading on the New York Mercantile Exchange. It was at $100.62 at 1:57 p.m. Singapore time.
Gold prices fell in Asian trading Tuesday as the euro lost ground against the dollar amid resurfacing investor jitters about the euro-zone debt crisis.
Spot gold was trading at $1,717 a troy ounce at 0505 GMT, down $4.90 from its previous settlement.
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[abdala]

February 15th, 2012

Currencies EUR/USD The EUR/USD pair fell again on Tuesday as the markets continue to sell risk related assets. The announcement of the cancelled EU Finance Ministers meeting on Wednesday also sent a shudder through the markets as well.
EUR/JPY The euro rose to its highest level in two months against the yen after the Peoples Bank of China said the nation will participate in resolving Europes debt crisis, boosting demand for higher-yielding assets.
The 17-nation euro rose 0.4 percent to 103.41 yen at 6:31 a.m. in London and earlier touched 103.48, the most since Dec. 12.
Commodities Oil rose after China pledged to help resolve Europes debt crisis, easing concern that economic growth will slow and curb fuel demand. Brent crude may advance to $120 a barrel, according to Goldman Sachs Group Inc.
Oil for March delivery rose as much as $1.02 to $101.76 a barrel in electronic trading on the New York Mercantile Exchange and was at $101.62 at 3:05 p.m.
Gold edged higher on Wednesday but remained in a tight range around $1,720 an ounce, with investors on the sidelines because Greece has yet to convince European leaders of its ability to stick to unpopular reforms needed to secure a bailout.
Spot gold edged up 0.3 percent to $1,724.04 an ounce by 0317 GMT. U.S. gold gained 0.5 percent to$1,726.30
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[4xpipcounter]

Abdala, I got some questions to ask you. I see that all your posts are rearview mirror related. This currency dropped...., this currency rose...., etc. All someone needs to do is look at their charts and see that. I'd like to know do you have a way of looking at a market as a forecasters and saying this is what is going to happen based on this and that. Anyone can look at a chart and see the market dropped or rose on any certain day.
Look, this is what I mean. These forecasts were done at the beginning of the week:
"EUR/USD: With last weeks strong reversal, it may have signaled the end of the MT correction, which means my MT forecast would be off by close to 200 pips. That is still not confirmed, but what is confirmed is that the DOWN will continue this week. It is doubtful the WR1 at 1.3277 will be hit this week, but the correction will continue north to start the week. To the south, we have the WS2 at 1.3033 to look forward to. Watch for a reaction at that point. If we get too far past it, then were going to the low-1.2900s. "
Notice to this point we have come 10 pips within that. 1.3033 level.

Here's another:
"GBP/USD: There is little doubt the correction is over for this pair. It has the WS2 at 1.5644 on the radar this week, and it should go even much lower."
Notice that 1.5644 level was hit spot on.

You also mention RSI at 50 and BB pointing up or point down. What way do you have of ascertaining its reversal? After all, previous price action forced the slant on the BB's.

 

[abdala]

February 16th, 2012

Currencies EUR/USD The EUR/USD dropped to a three-week low before German and Italian leaders meet tomorrow ahead of a finance ministers gathering next week to decide on a second bailout package for Greece.
USD/CAD The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
U.K. consumer confidence rose in January to the highest in five months on signs of strength in the economy.
Commodities Commodities fell from a six-month high, paced by declines in copper and crude, after European leaders delayed a decision on Greeces bailout, boosting the dollar and eroding demand for raw materials.
Oil for March delivery was at $101.45 per barrel, down 0.3 percent on the New York Mercantile Exchange after ending yesterday at the highest close since Jan. 10. Prices have been supported by reports that Iran halted shipments to Europe..
Gold declined after European leaders delayed a decision on Greece' s bailout, boosting the dollar and eroding demand for the metal as an alternative investment
Spot gold fell as much as 0.6 percent to $1,717.95 an ounce and traded at 1,718.43 $ . Prices have gained 9.9 percent this year .
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[4xpipcounter]

Re: February 16th, 2012

We all know that, but once again, you did not answer my question.
Can you make forecasts like this one?:
"The 1.3033 target from my Weekly Forecast was hit was ease. At this point, I'm looking for a strong reaction at 1.2972." And then today, it was hit spot on.

We know you are spending your time advertising for your company, but there needs to be some credibility if you are going to get in some free advertising.

Currencies EUR/USD The EUR/USD dropped to a three-week low before German and Italian leaders meet tomorrow ahead of a finance ministers gathering next week to decide on a second bailout package for Greece.
USD/CAD The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
U.K. consumer confidence rose in January to the highest in five months on signs of strength in the economy.
Commodities Commodities fell from a six-month high, paced by declines in copper and crude, after European leaders delayed a decision on Greeces bailout, boosting the dollar and eroding demand for raw materials.
Oil for March delivery was at $101.45 per barrel, down 0.3 percent on the New York Mercantile Exchange after ending yesterday at the highest close since Jan. 10. Prices have been supported by reports that Iran halted shipments to Europe..
Gold declined after European leaders delayed a decision on Greece' s bailout, boosting the dollar and eroding demand for the metal as an alternative investment
Spot gold fell as much as 0.6 percent to $1,717.95 an ounce and traded at 1,718.43 $ . Prices have gained 9.9 percent this year .
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[abdala]

Re: February 16th, 2012

We all know that, but once again, you did not answer my question.
Can you make forecasts like this one?:
"The 1.3033 target from my Weekly Forecast was hit was ease. At this point, I'm looking for a strong reaction at 1.2972." And then today, it was hit spot on.

We know you are spending your time advertising for your company, but there needs to be some credibility if you are going to get in some free advertising.

what u want from me ok you are the best i am not ok ,, if you are not happy to see me here . admin can tell me . i will not post in this forum

 

[4xpipcounter]

Re: February 16th, 2012

Abdala, that is not the point.
You are welcome here and to be our friend. We don't want you to leave, but free advertising by a broker is noteworthy to be reported to the admin, but is nothing personal.
The point is just like I made in your other thread. If you are going to post forecasts, then do it. What already happened is not a forecast. I hope you are getting my point.

what u want from me ok you are the best i am not ok ,, if you are not happy to see me here . admin can tell me . i will not post in this forum

 

[abdala]

February 29th, 2012

Currencies EUR/USD The EUR/USD rose 0.1 percent to $1.3487. Rising to an almost 3-month high, On speculations that European Central bank (ECB) allots of 3-year loans to banks today that will spur demand for the regions assets.
USD/CAD fell from the opening at 0.9990 to trade at 0.9950. With the euro surging to new recent highs against the USD, all of the USD trading partners are benefitting on the weakness. Also reports show U.S. home prices fell 1.1% in December to bring the year-over-year fall to 4percent, according to the Case-Shiller home price index released Tuesday. Todays report show durable goods fell 4 percent in January, the U.S. Commerce Department said.
Commodities Oil advanced from the lowest price in almost a week in New York on speculation that fuel demand will increase amid signs of economic recovery and concern that tension with Iran threatens global crude supplies.
Oil for April delivery increased as much as 60 cents to $107.15 a barrel in electronic trading on the New York Mercantile Exchange and was at $106.99 at 1:37 p.m. Singapore time. The contract yesterday slipped $2.01, or 1.9 percent, to $106.55, the lowest close since Feb. 22 and the biggest drop since Jan. 20. Prices are 8.6 percent higher this month and up 10 percent in the past year.
Gold surpassed platinum as the most expensive metal used in jewelry in August for the first time since December 2008. Gold demand from jewelry makers dropped 3 percent last year, according to the World Gold Council.Gold has climbed for 11 successive years and peaked at $1,921.15 an ounce on Sept. 6 before retreating to $1,774.71 an ounce in London.
Spot Gold rose up 0.3 percent to $1,771.96 per ounce by 06:45 GMT, making a 3-month high of $1,787.11 that went to last week. Spot Gold made its highest level since middle of November.

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