Technical Analysis by ACFX

[4xpipcounter]

Re: 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 region’s 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. Today’s 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.

http://blog.acfx.com/wp-content/uploads/tech/feb2012/29-2/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/29-2/highres/gbpusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/29-2/highres/usdjpy.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/29-2/highres/gold.jpg

Abdala, once again, all past tense. If we want to look at chart or read the news, we can find that out for ourselves. You are not making your company look too bright with all the free advertising your are trying to drum up.

Once again, this is forecasting:
"EUR/USD: This week’s final hour ended in reverse with the strongest bear candle of the whole week, and 6th strongest overall. That will continue going into next week, and we should see the WS2 at 1.3271 be paid a visit. A bear candle for the week is favorable, but it is only taking a breather in the middle of the UP towards 1.3586."

"USD/CAD: The move to .9707 has been temporarily derailed. We should keep heading north this week to the daily kijun at 1.0033, and even allowing for a spike to the WR2 at 1.0056. The reaction from that point is going to be important to determine further direction."
The peak at 1.0048 for this market has already been made.

That, my friend, is technical analysis. Yours is fundamental rearview mirror stuff while trying to drum up clients for your company.

 

[abdala]

Re: February 29th, 2012

Abdala, once again, all past tense. If we want to look at chart or read the news, we can find that out for ourselves. You are not making your company look too bright with all the free advertising your are trying to drum up.

Once again, this is forecasting:
"EUR/USD: This weeks final hour ended in reverse with the strongest bear candle of the whole week, and 6th strongest overall. That will continue going into next week, and we should see the WS2 at 1.3271 be paid a visit. A bear candle for the week is favorable, but it is only taking a breather in the middle of the UP towards 1.3586."

"USD/CAD: The move to .9707 has been temporarily derailed. We should keep heading north this week to the daily kijun at 1.0033, and even allowing for a spike to the WR2 at 1.0056. The reaction from that point is going to be important to determine further direction."
The peak at 1.0048 for this market has already been made.

That, my friend, is technical analysis. Yours is fundamental rearview mirror stuff while trying to drum up clients for your company.

any way i want want any argument , sorry if i made any mistake and for every thing ,
any way i post monthly technical outlook , check out if u like it or
http://www.traderji.com/technical-analysis/67854-30-day-technical-outlook-acfx-com.html

 

[4xpipcounter]

Re: February 29th, 2012

Abdala, we're friends. I won't be a pest to you anymore.

any way i want want any argument , sorry if i made any mistake and for every thing ,
any way i post monthly technical outlook , check out if u like it or
http://www.traderji.com/technical-analysis/67854-30-day-technical-outlook-acfx-com.html

 

[abdala]

March 16th, 2012

Currencies

EUR/USD The greenback is poised for a five-day advance against the euro before U.S. data today forecast to show industrial production increased and consumer sentiment improved.

o The dollar fetched $1.3084 per euro from $1.3080 yesterday and $1.3123 on March 9.


USD/JPY The yen headed for a weekly drop against most major peers as signs of growth in the U.S. and prospects for further stimulus by the Bank Japan of prompted investors to seek higher-yielding assets.

o The yen was little changed at 83.58 per dollar as of 2:18 p.m. in Tokyo from the close yesterday, when it touched 84.18, the weakest level since April 13. The Japanese currency has fallen 1.3 percent this week, set for a sixth-straight decline.
http://blog.acfx.com/

 

[abdala]

March 16th, 2012

Commodities

Oil advanced for the first time in three days in New York, trimming a weekly decline as investors bet that fuel demand will increase with an economic recovery in the U.S., the worlds biggest crude consumer.

o Crude for April delivery rose as much as 53 cents to $105.64 a barrel in electronic trading on the New York Mercantile Exchange. It was at $105.54 at 12:38 p.m. Singapore time. The contract yesterday dropped 32 cents to $105.11, the lowest since March 6. Prices are down 1.7 percent this week and 6.8 percent higher this year.

Gold traders are the least bullish in two months after prices erased more than half of this years gain on speculation that a strengthening U.S. economy will dissuade the Federal Reserve from buying more debt.

o Gold fell to $1,655.04 an ounce in early trade before rebounding to $1,662.99 by 0222 GMT, up $5.26. The precious metal hit a low of $1,634.09 on Wednesday, its weakest since January 16, on fading expectations of more monetary easing in the United States.
http://blog.acfx.com/

 

[abdala]

March 16th, 2012

Equities

Asian stocks swung between gains and losses as U.S. jobs and manufacturing data added to signs the worlds biggest economy is recovering. Gains were limited as Japanese exporters fell amid a rebound in the yen.

o The MSCI Asia Pacific Index fell 0.1 percent to 127.70 as of 2:39 p.m. in Tokyo, set to gain for 12 of the past 13 weeks. About as many stocks rose as fell, with only three of the gauges 10 industry groups advancing.

European stocks climbed for a third day, extending the Stoxx Europe 600 Indexs highest level since July, as U.S. jobs and manufacturing data added to optimism the recovery in the worlds largest economy is gaining momentum.

o The Stoxx 600 (SXXP)rose 0.3 percent to 270.98 at the close of trading, after swinging between gains and losses at least 20 times today. The gauge has surged 11 percent this year amid optimism that the euro area will contain its sovereign-debt crisis and as U.S. economic data topped forecasts.

U.S. stocks advanced, sending the Standard & Poors 500 Index above 1,400 for the first time in almost four years, as data showed manufacturing in the New York region unexpectedly increased and jobless claims declined.

o The S&P 500 advanced 0.6 percent to 1,402.60 at 4 p.m. New York time.
o The Dow Jones Industrial Average increased 58.66 points, or 0.4 percent, to 13,252.76, gaining for a seventh straight day, the longest winning streak in 13 months.

http://blog.acfx.com/

 

[abdala]

Technical Analysis 8/22/2012

http://acfx.com/content/images/analysis/quick/August/2208/eurusd.gif
Pivots
R3 1.26711
R2 1.25790
R1 1.25254
Pivot Point 1.24333
S1 1.23797
S2 1.22876
S3 1.22340
Comments
Trend: Up
RSI: Below 50 and oversold
Bollinger Band: Neutral
http://acfx.com/content/images/analysis/quick/August/2208/gbpusd.gif

Pivots
R3 1.59315
R2 1.58675
R1 1.58254
Pivot Point 1.57614
S1 1.57193
S2 1.56553
S3 1.56132

Comments
Trend: Up
RSI: Above 50 and overbought
Bollinger Band: Neutral





http://acfx.com/content/images/analysis/quick/August/2208/usdjpy.gif
Pivots
R3 79.760
R2 79.639
R1 79.456
Pivot Point 79.335
S1 79.152
S2 79.031
S3 78.848
Comments
Trend: Down
RSI: Above 50 and overbought
Bollinger Band: Negative
http://acfx.com/content/images/analysis/quick/August/2208/usdchf.gif
Pivots
R3 0.98155
R2 0.97741
R1 0.97009
Pivot Point 0.96595
S1 0.95863
S2 0.95449
S3 0.94717

Comments
Trend: Down
RSI: Above 50 and overbought
Bollinger Band: Neutral