http://www.dreamteammoney.com/index.php Thu, 18 Mar 2010 11:46:22 -0400 1440 http://www.dreamteammoney.com/index.php?showtopic=94795 EUR/USD

Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.

Res: 1.3727, 1.3739, 1.3780, 1.3798
Sup: 1.3639, 1.3620, 1.3595, 1.3575




GBP/USD

Positive short-term structure off yesterday’s 1.5207 higher low starts to fade after break under 1.5268/58 supports, with loss of 1.5207 to way for deeper correction. However, regain of minimum 1.5316/30 is needed to re-focus 1.5367/80.

Res: 1.5330, 1.5367, 1.5380, 1.5417
Sup: 1.5354, 1.5239, 1.5217, 1.5207




USD/JPY

Continues to further retrace the recent 88.13/91.08 upleg, with today’s break below 89.98, near-term range, now focusing 89.62, 09 Mar low/50% retracement, where a higher low would mark fresh attempt towards 91.08/22.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.62, 89.45, 89.26, 88.96




USD/CHF

Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of bounce. This is seen corrective while 1.0641/48 caps, with further drop reaffirming recent 3-legged corrective swings off 0.9916 to open 1.0424/1.0368 zone next. Break above 1.0641/48 hints renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0505, 1.0497, 1.0481, 1.0476


]]> Thu, 18 Mar 2010 10:27:45 -0400 94795 http://www.dreamteammoney.com/index.php?showtopic=94781 It still seems that Europe’s officials can’t agree upon a rescue package for Greece and thus the FOREX market seems to react very sensitive of every new related report. However, we wish you a nice and successful trading day.

IGTFX live chat, Yesterday the EUR/USD fell from a five-week high having a spokesman for the German Chancellor Angela Merkel’s party said that Greece should go to the International Monetary Fund if it needs help and damped speculation that the European Union may adopt a rescue package for Greece. Due to the fact that Standard & Poor’s decided to left Greece credit ratings unchanged the expectations for price swings in the EUR/USD declined to a 19-month low. IGTFX live chat, The one-month volatility, used to price options, showed that traders expect movements of only 9.08 percent, the lowest level since August 2008. IGTFX live chat, After the EUR rose versus the JPY initially as the Bank of Japan extended a loan program to combat the national deflation the currency pair rebounded during the course of the day related to the most discussed topic, Greece. IGTFX live chat, The GBP rose against the USD from 1.5243 at its opening to 1.5382 at the highest level as a U.S. IGTFX live chat, report showed that the wholesale price declined in February more than expected. IGTFX live chat, The 0.6 percent decrease was the biggest since July 2009 adding signs that the U.S. inflation pressure is cooling down and may assist the Fed for its low-borrowing-cost policy.IGTFX live chat,

IGTFX live chat, The CAD expanded its gains against the USD and approaches the parity level. IGTFX live chat, The USD/CAD weakened to 1.0071, the lowest level in almost 20 months on concern that a Canadian report may show tomorrow that the consumer price index increased 0.3 percent in February.IGTFX live chat,

IGTFX live chat, The higher yielding assets AUD and NZD started friendly into the Asian session today as gains in stocks and especially in continuing gains in commodities. IGTFX live chat, Furthermore the AUD profits from so called “carry trades”. IGTFX live chat, The benchmark interest rate is 4 percent in Australia and compared with the counterparts in the U.S. rather Japan which are around 0.1 percent it seems very worthwhile for some traders.

IGTFX live chat, Daily Technical Analysis - Our Focus Currencies for Today


EUR/USD (Daily)

IGTFX live chat, After the EUR/USD traded close to a bearish trend-line from December till March it recovered and is still trading close to a young bullish trend-line. IGTFX live chat, After the currency pair crossed the bearish trend it touched its next resistance around 1.3797 but failed to cross it. IGTFX live chat, As you can see, the stochastic indicator touched the same high level as two times before which heralded strong bearish movements in the past.IGTFX live chat,

EUR/JPY (4 Hour)
IGTFX live chat, After the EUR/JPY reached its resistance at 125.06 yesterday for the second time this week it rebounded and fell near to its bullish trend-line. IGTFX live chat, This trend-line runs close to the 50% Fibonacci Fan and seems to have enough power to support the bulls. IGTFX live chat, The low level of the stochastic indicator may also suggest upcoming bullish movements. IGTFX live chat,]]> Thu, 18 Mar 2010 07:40:20 -0400 94781 http://www.dreamteammoney.com/index.php?showtopic=94764
www.fxenginesystem.com]]> Thu, 18 Mar 2010 06:20:51 -0400 94764 http://www.dreamteammoney.com/index.php?showtopic=94759 EUR/USD

Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.

Res: 1.3685, 1.3727, 1.3739, 1.3780
Sup: 1.3639, 1.3620, 1.3595, 1.3575




GBP/USD

Positive short-term structure off yesterday’s 1.5207 higher low starts to fade after break under 1.5268/58 supports, with loss of 1.5207 to way for deeper correction. However, regain of minimum 1.5316/30 would improve the tone.

Res: 1.5316, 1.5330, 1.5380, 1.5417
Sup: 1.5217, 1.5207, 1.5194, 1.5174




USD/JPY

Continues to further retrace the recent 88.13/91.08 upleg, with today’s break below 89.98, near-term range, now focusing 89.62, 09 Mar low/50% retracement, where a higher low would mark fresh attempt towards 91.08/22.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.62, 89.45, 89.26, 88.96




USD/CHF

Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of current bounce. This is seen corrective while 1.0641/48 holds, with further drop reaffirming recent 3-legged corrective swings off 0.9916 to open 1.0424/1.0368 zone next. Break above 1.0641/48 hints renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0505, 1.0497, 1.0481, 1.0476


]]> Thu, 18 Mar 2010 05:34:13 -0400 94759 http://www.dreamteammoney.com/index.php?showtopic=94657 EUR/USD

Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.

Res: 1.3816, 1.3838, 1.3850, 1.3883
Sup: 1.3715, 1.3700, 1.3681, 1.3656





GBP/USD

Extended recovery off 1.4780 low, clearing 1.5217/58 previous highs, and key 1.5345 resistance, to reach 1.5380 thus far. This now opens prospect for further recovery, opening initially 1.5417, 61.8% retracement of 1.5814/1.4780 decline, ahead of 1.5475, 24 Feb high. 1.5207/1.5194 offers initial support.

Res: 1.5380, 1.5417, 1.5475, 1.5520
Sup: 1.5258, 1.5207, 1.5194, 1.5174





USD/JPY

Rallied from 88.13, 04 Mar low, to reach 91.08 high on 12 Mar, before yesterday’s reversal to 89.98, just above 38.2% retracement of 88.13/91.08 upleg. Short-term ranging would possibly set up a fresh push towards 91.22, trendline resistance, with break there to open 92.16. Loss of 89.98, however, weakens and focuses 89.62 instead.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.98, 89.80, 89.62, 89.45






USD/CHF

Remains in a downtrend from 1.0897, 02 Mar high, currently pressuring 1.0523/1.0497 region, with breach there reaffirming recent 3-legged corrective swings from 0.9916, for an initial 1.0368, 25 Jan low. Regain of 1.0642/48 would hint renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0497, 1.0481, 1.0476, 1.0450


]]> Wed, 17 Mar 2010 10:32:00 -0400 94657 http://www.dreamteammoney.com/index.php?showtopic=94647 IGTFX. The Federal Reserve kept the federal funds rate target for overnight loans between banks near zero and repeated its pledge to keep it there for an “extended period”. IGTFX The Fed also said that the emergency measures to prop up the housing market will end as planned this month. IGTFX After this decision the JPY climbed near to a one-week high versus the USD on concern the Bank of Japan will abstain from significant easing measures. IGTFX The EUR/JPY opened the Asia session higher and may head for a second winning day as the rating agency Standard & Poor’s affirmed its BBB+ long-term rather A-2 short-term credit rating for Greece. IGTFX The GBP/AUD raised more than 130 pips yesterday as U.K. stocks strengthened and a new poll eased concern that the election this year won’t produce a clear winner.IGTFX

IGTFX The CAD rose to the strongest level in almost two-years against the USD. IGTFX It climbed as much as 0.6 percent at its highest level as gold and crude oil gained. IGTFX Raw materials account about half of Canada’s export sales.

IGTFX The CHF strengthened against 12 of its 16 most active traded counterparts as the government raised its forecast for 2010 growth amid improved consumer spending. IGTFX The State Secretariat for Economic -IGTFX- Affairs said the Swiss gross domestic product may expand 1.4 percent this year. The USD/CHF declined yesterday from 1.0619 at its opening to 1.0534 at its lowest level. IGTFX

IGTFX Also the AUD gained versus the JPY as well as the USD as raw material prices increased. IGTFX The AUD/USD touched a two-month high while the AUD/JPY traded nearly unchanged around 83.00 level during the early Tokyo trading hours. IGTFX The NZD, as well a commodity-linked currency, IGTFX climbed to a six-week high against the USD yesterday but as a report showed this morning that New Zealand’s consumer confidence declined for a second quarter it came under pressure and lose some of its earlier gains. IGTFX

IGTFX Daily Technical Analysis - Our Focus Currencies for Today

USD/JPY (2 Hour)

IGTFX Since the middle of January the USD/JPY has been trading close to a bearish trend line. IGTFX After the USD reached its lowest level at the end of February the currency pair started a recovery phase close to a bullish trend-line as you can see in the picture. IGTFX A rising Momentum may indicate further bullish movements near to the resistance around 90.82. IGTFX

EUR/JPY (2 Hour)

IGTFX The EUR/JPY broke through its mid-term bearish trend-line after it fell to the 120.00 level last month and crossed the third Fibonacci fan at last. IGTFX But the falling positive DMI and an ADX at such a low level could indicate that the bulls have not enough assistance to cross the next resistance at 124.48. IGTFX If the currency pair will fail to cross it may decline near to the next support around 123.67 rather its bullish-line. IGTFX]]> Wed, 17 Mar 2010 07:05:51 -0400 94647 http://www.dreamteammoney.com/index.php?showtopic=94632 EUR/USD

Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.

Res: 1.3816, 1.3838, 1.3850, 1.3883
Sup: 1.3715, 1.3700, 1.3681, 1.3656





GBP/USD

Attempts to complete a three legged correction off 1.4780, 01 Mar yearly low. Today’s break above 1.5217 resistance, now focuses the key 1.5316/45 area, with a lower high favored to form near there.

Res: 1.5293, 1.5316, 1.5345, 1.5385
Sup: 1.5210, 1.5174, 1.5150, 1.5120





USD/JPY

Rallied from 88.13, 04 Mar low, to reach 91.08 high on 12 Mar, before yesterday’s reversal to 89.98, just above 38.2% retracement of 88.13/91.08 upleg. Short-term ranging would possibly set up a fresh push towards 91.22, trendline resistance, with break there to open 92.16. Loss of 89.98, however, weakens and focuses 89.62 instead.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.98, 89.80, 89.62, 89.45





USD/CHF

Remains in a downtrend from 1.0897, 02 Mar high, currently pressuring 1.0523/1.0497 region, with breach there reaffirming recent 3-legged corrective swings from 0.9916, for an initial 1.0368, 25 Jan low. Regain of 1.0642/48 would hint renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0497, 1.0481, 1.0476, 1.0450


]]> Wed, 17 Mar 2010 05:22:41 -0400 94632 http://www.dreamteammoney.com/index.php?showtopic=94560 EUR/USD

Dipped to 1.3639, yesterday, just shy of 1.3620 key support, following an upside rejection at 1.3795 on 12 Mar. Fresh strength is now underway, looking for test of 1.3759/95, while 1.3656, today’s higher low and 1.3739/20 buoy the advance.

Res: 1.3759, 1.3798, 1.3803, 1.3838
Sup: 1.3656, 1.3639, 1.3620, 1.3595




GBP/USD

Broke under 1.5018, yesterday’s low, to extend losses to 1.4976 today, though failed to gain momentum, with subsequent bounce now reviving potential of break through 1.5217, 12 Mar high and re-expose 1.5316/45 retest.

Res: 1.5170, 1.5208, 1.5218, 1.5262
Sup: 1.5085, 1.5060, 1.5018, 1.4976




USD/JPY

Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, ahead of rally to 90.72 today, just under 90.85, break of which would open key 91.08/35 resistance area. Current pullback seen corrective while 89.98 holds.

Res: 90.72, 90.85, 91.08, 91.35
Sup: 89.98, 89.80, 89.62, 89.45




USD/CHF

Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 on 12 Mar. Minor corrective attempt from there left a lower top at 1.0641, with bears breaking through 1.0575 support and now focusing 1.0515, 50% retracement of 1.0129/1.0897 upleg. 1.0621/41 caps for now.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0567, 1.0541, 1.0515, 1.0497


]]> Tue, 16 Mar 2010 10:32:13 -0400 94560 http://www.dreamteammoney.com/index.php?showtopic=94549
IGFX technical analysis The GBP declined versus all of its 16 most traded counterparts and dropped against the USD the most in two weeks as a national poll showed that the U.K. may face a minority government after the upper house election this July. IGFX technical analysis The GBP/USD fell 1.1 percent to 1.5034 while the EUR/GBP rose 0.3 percent to 90.83 yesterday. IGFX technical analysis Futures traders at the CME are more bearish than ever on GBP amid concern that the currency’s worst annual start in 13 years will continue.IGFX technical analysis The bearish gamblers outnumber the bulls by eight times more than George Soros made $1bln betting against the sterling in 1992. IGFX The USD extended its gains versus the GBP during the early Asia trading hours on speculation that the Federal Reserve may eliminate its commitment to key interest rates near zero for an “extended period” at its meeting today. IGFX technical analysis The EUR/USD declined on Monday as euro-zone officials damped speculation down that the Finance Ministers will adopt a rescue strategy to bail out Greece this week. IGFX technical analysis The euro-zone still hopes that Greece’s budget cuts will make a bailout unnecessary. IGFX technical analysis
IGFX technical analysis, The CHF climbed against the EUR to its highest level in almost 17 months as a government report showed that the annual producer and import prices declined at the slowest pace in more than a year adding signs that the SNB may stop selling its own currency. IGFX technical analysis The central bank started selling a year ago to contain declining consumer prices and to prevent from a deflation.
IGFX technical analysis The AUD/JPY weakened for a second day on concern the minutes of its central bank’s March meeting will signal a slower pace to future interest rate increases after the bank already rose borrowing costs to 4 percent at its gathering.
IGFX technical analysis The demand for NZD/USD was limited on concern a U.S. IGFX technical analysis report may show that the housing starts dropped in February; raising speculation the global recovery is slowing which cuts demand for so called higher-yielding assets.IGFX technical analysis
Daily Technical Analysis from IGFX technical analysis - Our Focus Currencies for Today

GBP/USD (2 Hour)

IGFX technical analysis After the GBP broke through its short-term support as shown in our report yesterday, the currency pair declined near to the 1.5000 level. IGFX technical analysis Thus it seems unlikely to cross the overall longterm bearish trend-line rather we maybe have to allow for a continuing bearish movement near to 1.4872 if the support around the 1.5000 level won’t be strong enough.IGFX technical analysis

EUR/GBP (2 Hour)

IGFX technical analysis Since the middle of February the EUR/GBP has been trading close to a bullish trend-line and touched already its resistance around 0.9143 twice. IGFX technical analysis Now it remains to be seen if the trend could support the bulls once again to climb over the resistance around 0.9100 otherwise it may fall back near to its support around 0.9046.IGFX technical analysis]]> Tue, 16 Mar 2010 06:51:48 -0400 94549 http://www.dreamteammoney.com/index.php?showtopic=94534 EUR/USD

Failed to clearly break above 3-months falling trendline resistance, triggering reversal to 1.3639, just ahead of key 1.3620 support. Break there would increase risk of near-term bear resumption and expose 1.3545/30 area next. Only regain of 1.3703 would firm the tone.

Res: 1.3703, 1.3728, 1.3760, 1.3798
Sup: 1.3639, 1.3620, 1.3595, 1.3545



GBP/USD

Shorter-term structure has broken below yesterday's 1.5018 low triggering a larger bear continuation pattern and breaching 61.8% of the prior 1.4871/1.5217 ascend. A return back over 1.5150 defers bears.

Res: 1.5085, 1.5150, 1.5194, 1.5208
Sup: 1.4945, 1.4925, 1.4871, 1.4855



USD/JPY

Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, near 38.2% retracement of 88.13/91.08 ascend. Break above 90.55 would firm for a further gains towards 90.78/91.08, while 89.96/62 underpins.

Res: 90.55, 90.85, 91.08, 91.35
Sup: 89.97, 89.80, 89.62, 89.45



USD/CHF

Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 so far. Minor corrective attempt from there has so far stalled at 1.0641. Lower top is now sought for fresh extension towards 1.0515, 50% retracement. Upside, 1.0642/76 offers initial resistance.

Res: 1.0646, 1.0676, 1.0697, 1.0729
Sup: 1.0575, 1.0541, 1.0515, 1.0497

]]> Tue, 16 Mar 2010 05:32:11 -0400 94534 http://www.dreamteammoney.com/index.php?showtopic=94448
Market Review – Fundamental Perspective
IGTFX mt4 The EUR started friendly into the new trading week and climbed near to a five week high versus the JPY as speculation the European Union may bail out Greece boosted demand for the 16- nation currency. IGTFX mt4 A Vienna-based newspaper reported that the Finance Ministers of the EU strapped a 55bln euro emergency package for Greece. IGTFX mt4 While the industrial output in the Euro- Zone strengthened with the strongest pace since the statistics began in 1990, IGTFX mt4 Eurostat reported Friday. IGTFX mt4 The industrial production rose 1.7 % from December. IGTFX mt4 Also the USD/JPY opened higher and rose near to a three-week high during the early Tokyo trading hours on concern that the Bank of Japan will take extra monetary-easing measures at its two-day policy meeting starting tomorrow. IGTFX mt4 Japan’s Prime Minister said last week that the government needs to stop the currency rising adding signs that the government rather the BoJ will intervene against its own currency. IGTFX mt4 “The currency is under pressure from growing expectations the Bank of Japan will ramp up quantitative easing to put an end to falling consumer prices”, said John Kyriakopouloa, head of currency strategy at National Australia Bank in Sydney.

Moody’s Investors Service told today that the U.S. as well as the U.K. moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debts rose. IGTFX mt4 Both countries will spend more on debt service this year than any other top-rated country.

New Zealand’s performance of service index climbed 0.6 points in February the Bank of New Zealand said today.

The USD declined against the CAD to the lowest level since July 2008 on speculation that the higher than expected increase in job creations lead Canada’s central bank to raise its key interest rates earlier. IGTFX mt4 Canada’s unemployment rate fell to 8.2% while economists expected 8.3%.

The NOK fell versus nine of the 16 most important counterparts after Norway’s Prime Minister pledged to curb the use of oil revenue in the 2011 budget to ensure interest rates stay low as the economy emerges from recession.
USD/JPY (4 Hour)

After the USD touched its lowest level on 4th of March the currency pair began to recover. IGTFX mt4 In order of this the USD crossed the 61.8% Fibonacci level around 90.71. IGTFX mt4 But it doesn’t seem that the bulls have enough power for further gains. IGTFX mt4 It remains to be seen if the support around 90.62 could be strong enough.

EUR/JPY (4 Hour)

Since the end of February the EUR/JPY has been trading in a bullish trend-channel and touched its resistance level around the 125.24 at last. IGTFX mt4 It seems that the currency pair may change-over in a short consolidation phase and we maybe have to allow some profit takings. IGTFX mt4 But as long as the trend-channel won’t be broken the EUR could be able to attack the 125.24 level again.
]]> Mon, 15 Mar 2010 07:22:33 -0400 94448 http://www.dreamteammoney.com/index.php?showtopic=94437 EUR/USD

Extended reversal up-swing off 1.3536, 09 Mar low, to reach 1.3795 high on Friday, ahead of current corrective reversal. This suggests fresh recovery towards 1.3840, 09 Feb high, then 1.3868, 38.2% retracement of 1.4580/1.3433 downleg. 1.3705/1.3678 supports and break there would question recovery strength.

Res: 1.3798, 1.3803, 1.3838, 1.3868
Sup: 1.3705, 1.3678, 1.3654, 1.3620



GBP/USD

Extended gains off 1.4871 higher low, to reach 1.5217 on Friday. Today’s sharp reversal through 1.5120/1.5087 supports now question further strength and seeks for further weakness through 1.5065, targeting 1.5024/13 next. However, while 1.4945/05 hold, scope exists for fresh push higher.

Res: 1.5120, 1.5155, 1.5194, 1.5217
Sup: 1.5024, 1.5013, 1.4990, 1.4945



USD/JPY

Remains constructive off 88.13, 04 Mar low, reaching 91.08 high so far. Friday’s lower rejection at 90.16 now underpins for fresh attempt on 91.29, trendline resistance, with break there to open 91.90/92.16. Downside, loss of 90.16 risks a return to 89.62, 09 Mar low.

Res: 91.08, 91.35, 91.90, 92.16
Sup: 90.31.90, 16, 89.80, 89.62



USD/CHF

Broke below 1.0647, 17 Feb low, to probe below 1.0607, 09 Feb low, extending losses to 1.0575, over 38.2% retracement of 1.0130/1.0897. Further declines seek 1.0515, 50% retracement. Only regain of 1.0697, would delay for 1.0803/08, 09/05 Mar peaks.

Res: 1.0646, 1.0676, 1.0697, 1.0729
Sup: 1.0541, 1.0515, 1.0497, 1.0477


]]> Mon, 15 Mar 2010 05:55:17 -0400 94437 http://www.dreamteammoney.com/index.php?showtopic=94334
www.fxenginesystem.com]]> Sat, 13 Mar 2010 00:54:45 -0500 94334 http://www.dreamteammoney.com/index.php?showtopic=94300 EUR/USD

Fresh strength has emerged from 1.3620 support, rallying sharply through 1.3735/87 resistance zone, to test 1.3798 range ceiling, ahead of corrective pullback. This now confirms near-term corrective base, for fresh push towards 1.3838, possibly 1.3886 on a break.

Res: 1.3798, 1.3838, 1.3900, 1.3914
Sup: 1.3735, 1.3705, 1.3685, 1.3654



GBP/USD

Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, reaching 1.5171, ahead of key 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

Res: 1.5194, 1.5210, 1.5235, 1.5265
Sup: 1.5070, 1.5024, 1.5013, 1.4990



USD/JPY

Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.16 now underpins the advance.

Res: 91.35, 91.90, 92.16, 92.45
Sup: 90.31.90, 16, 89.80, 89.62



USD/CHF

Broke below 1.0647, 17 Feb low, to probe below 1.0607, 09 Feb low, extending losses to 1.0575, over 38.2% retracement of 1.0130/1.0897. Further declines seek 1.0515, 50% retracement. Only break above 1.0697 today's high, would delay for 1.0803/08, 09/05 Mar peaks.

Res: 1.0646, 1.0676, 1.0697, 1.0729
Sup: 1.0541, 1.0515, 1.0497, 1.0477

]]> Fri, 12 Mar 2010 10:25:14 -0500 94300 http://www.dreamteammoney.com/index.php?showtopic=94291
Market review

IGT forex The JPY fell to a two-week low versus the EUR after Japanese Finance Minister Naoto Kan said that foreign-exchange intervention is always an option for the government if the currency movements are abrupt. IGT forex The JPY dipped versus all 16 major currencies after Prime Minister Yukio Hatoyama also said that the region’s government could take appropriate measures on the currency. IGT forex Another reason for the bad performance of the JPY could be the speculation that the BoJ will do a fund injection to the financial system to end deflation. IGT forex The BoJ will hold a two-day policy meeting on March 16th and 17th. According to two central bank officials, IGT forex the central bank’s easing options include an injection of 10 trillion JPY ($110 billion) to provide loans to banks. IGT forex The EUR/JPY climbed for a third day after touching a high at 124.17, IGT forex which was the highest level since February 23rd. IGT forex The USD/JPY also gained as it reached a high at 90.75, trading around the resistance level from December 04th 2009 (see report from March 10th). IGT forex The USD reached its fourth weekly gain versus the GBP before a report today is expected to show that confidence among the region’s consumers increased.

CHF/JPY

IGT forex Since February 23rd, the CHF/JPY has been moving inside the lower channel of Andrews’ Pitchfork, which starts at the beginning of February. After touching the 83.00 support level, the pair pulled up and reached the middle line of the Pitchfork. IGT forex Combined with the RSI analysis, we may expect that the middle line of the Pitchfork could give the market resistance to change the direction. IGT forex

GBP/NZD

IGT forex Since the beginning of February, the GBP has been trading along a bearish Fibonacci fan against the NZD. In addition, IGT forex we can see a resistance level around 2.1935 including a bearish trend channel, both starting at February 23rd. IGT forex We expect could a continuing bearish trend while we’ve four resistance levels above the market. IGT forex Should the pair cross over the 2.1935 resistance level, we might see a bullish trend reversal.
]]> Fri, 12 Mar 2010 06:49:58 -0500 94291 http://www.dreamteammoney.com/index.php?showtopic=94286 EUR/USD

Fresh strength has emerged from 1.3620 support, clearing 1.3678/1.3703 resistance zone, en-route to 1.3787, possibly to test 1.3798, range upper limit. Break there is required to resume recovery and expose 1.3838, then 1.3886, 09 Feb high / 02 Feb low.

Res: 1.3735, 1.3787, 1.3798, 1.3838
Sup: 1.3678, 1.3654, 1.3620, 1.3595




GBP/USD

Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, now focusing 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

Res: 1.5135, 1.5194, 1.5210, 1.5235
Sup: 1.5024, 1.5013, 1.4990, 1.4920




USD/JPY

Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs respectively, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.33/20 supports immediate advance.

Res: 90.73, 90.81, 91.00, 91.30
Sup: 90.31.90, 15, 89.80, 89.62




USD/CHF

Fresh weakness off 1.0810 lower top have tripped 1.0647/48 lows, highlighting current area top pattern breakout to risk initial 1.0609. Back over 1.0810, however, will suggest current consolidation instead.

Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607


]]> Fri, 12 Mar 2010 04:36:20 -0500 94286 http://www.dreamteammoney.com/index.php?showtopic=94245

Dear Sirs,

I would like to hereby express my deep concern with the intentions of CFTC to limit the maximal leverage for retail Forex brokers from the current 1:100 to 1:10. In my opinion, the following scenario is likely in that event:

1. The maximal leverage reguirement will be increased for all US-regulated brokers from the current 1:100 to 1:10. This will clearly demonstrate a complete dismissal of a regular Forex trader's interests if they happen to be conflicting with the interests of the "big wallets" - banks and non-retail futures brokers. We do not wish to be "protected" till we go broke just to make them even richer.

2. US-based retail Forex brokers will sure be unwilling to lose their business completely. They've already got burned with the recent self-imposed regulations of the NFA (which is not even a government agency, although many traders are made to believe it is) and now clearly realize the 1:10 leverage will be the last nail into their coffin. These retail brokers will therefore start moving their businesses to other countries and servicing US customers from there, successful examples of which already exist: Dukascopy in Switzerland (which has recently introduced MT4 in addition to their custom platform), ATCBrokers and FXCM in the UK, FXDD in Malta, FXPro in Cyprus etc.

3. The US government in response will do everything possible to prevent US traders from enjoying the benefits of being serviced in other countries by making overseas transactions to personal bank accounts even more controlled and restricted.

4. Those traders who make a living from their trading will then have no other choice but to set up offshore companies for themselves through the Internet (contrary to a popular belief, this doesn't cost much - one can get an offshore company with an overseas bank account for as low as $1,500).

5. As all (or most) trading accounts will be on the companies' names, the US government may heavily lose on the income tax they collect from US Forex traders. Thus, trying to harm the average Joe trader and make the banks and futures brokers richer at his expense, the government is harming themselves in the end.

Since recently, America (which I really love) has been turning from a land of opportunities to a land of restrictions. Very sad to see this, indeed.

Yours sincerely,
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Remains in a range trade, with yesterday’s bounce just above 1.3529 support, seeing fresh attempt at 1.3675, trendline resistance. Clear break there would open way towards 1.3703/35 higher levels of the range.

Res: 1.3680, 1.3690, 1.3703, 1.3735
Sup: 1.3620, 1.3595, 1.3575, 1.3543,



GBP/USD

Extends bounce from 1.4871, yesterday’s higher low, currently probing 1.5014 resistance, ahead of possible attempt at 1.5194, 08 Mar high. Break there is required to resume near-term recovery towards 1.5315/35. Failure under 1.5194, however, risk lower top for fresh weakness, though, while 1.4880/70 holds, near-term tone remains positive.

Res: 1.5068, 1.5112, 1.5167, 1.5205
Sup: 1.4920, 1.4871, 1.4855, 1.4780



USD/JPY

Recovery phase off 88.13, 04 Mar low, extends from the swing low at 89.63, confirmed by the latest break above 90.67, 08 Mar high to reach 90.81 thus far. Further strength targets 91.30 then 91.90. Only loss of 89.62/45 would pivot market back to test 88.14.

Res: 90.81, 91.00, 91.30, 91.45
Sup: 90.15, 89.80, 89.62, 89.45



USD/CHF

Upside attempt failed just under 1.0802, reversing back to 1.0680 support zone.Clear break there will expose 1.0645, range low, then 1.0607, 09 Feb low. To avoid immediate downside risk, minimum 1.0808 must me regained. This would open way for further recovery towards 1.0930/1.1020.

Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607


]]> Thu, 11 Mar 2010 10:34:37 -0500 94232 http://www.dreamteammoney.com/index.php?showtopic=94218
economists are speculating about the reaction of the Chinese

government. IGTFX forex We hope you will enjoy it and wish you a

relaxed and successful trading day.

Market review
IGTFX forex The JPY and USD climbed against a basket of major

currencies after Chinese reports showed factories and loans fueled,

which added to be concerned about inflation in the region and the

government will act to damp more growth. IGTFX forex The speculation

about an act from the Chinese government boosted demand for low-

yielding currencies as the JPY pulled back from a twoweek low against

the EUR. IGTFX forex China’s consumer prices climbed 2.7 percent from

a year earlier in February while the Industrial output gained 20.7

percent in the first two months of the year. IGTFX forex The EUR/JPY

fell from its yesterdays high at 124.00, which was its highest peak

since February 23rd. IGTFX forex The JPY gained to a high of 123.02

versus the EUR. IGTFX forex The Japanese currency reached a dayhigh at

82.28 versus the AUD after it fell over the past four trading days. It

finally pulled back from its low at 83.32, which was the lowest level

since January 21st. The AUD fell against the USD as it has reached a

seven-week high yesterday. IGTFX forex The bad performance may be

caused by a report that published the nation’s employers added fewer

jobs than economists expected. IGTFX forex The AUD/USD fell to a low

at 0.9114 after it reached a high at 0.9193 yesterday, which was its

strongest level since January 20th.
CAD/CHF

Since February 9th, the CAD/CHF has been moving inside a bullish trend

channel and Fibonacci projection level. IGTFX forex After touching the

100% projection line around 1.0511 for the second time, the market

pulled down and reached the lower line of the trend channel. IGTFX

forex If the market could break out the bullish trend channel, it may

fall towards the lower Fibonacci levels.

CAD/JPY

Since the beginning of February, the CAD/JPY has been trading in an N

formation with a resistance point around 88.30. IGTFX forex Yesterday,

the pair has shown a small break-out through the resistance level

before coming back.IGTFX forex It depends whether the pair will show a

clearly movement along the levels. IGTFX forex If the pair will show a

strong break through the resistance around 88.30, it might continue its

bullish trend inside the channel.
]]> Thu, 11 Mar 2010 06:12:36 -0500 94218