Technical Analysis Trading Online 04 May 2012

EUR/USD bearish in the short term Bias seetlah failed to penetrate into the top descending triangle, the price seemed ready to back test support strong at 1.3000 area. Nearby there are around resistant 1.3205, break up teesbut area can bring prices toward the neutral zone in the short term but will give you the opportunity to test the lines the top of the triangle at 1.3285.


USD/CHF Bias is bullish in the short-term test area 0.9210 but overall there is no change in the outlook of long-term technical and price are still in a phase of consolidation in the range area. Nearest Support is all around area 0.9100, break down the area can bring prices toward the neutral zone in the short test area 0.9040.


AUD/USD as shown in graph 1 hour, despite the bearish momentum is not as strong as forecast, the short-term bias remains bearish test 1.0225 – 1.0245. Nearby there are around resistant area 1.0355, break up the area could trigger a bullish correction phase 1.0400 area test.

XAU/LOCO Stochastic on the 4 hour chart indicating bullish correction phase for short term to test the MA200 area around 1645 before 1655 area. We still prefer outlook is bearish for prices remained below the area, with the nearest 1655 support in 1632 was followed by area of 1625.


INDEX bearish Bias HANGSENG in the short term due to the bearish correction seems kembal channel creates a false break scenario. Break down support on areas of 20880 will confirm this scenario to move down to 0.670 area. Failure to penetrate to the bottom area 20880 will maintain a bullish outlook heading back to area 21085.


The NIKKEI INDEX as shown in chart 1, the nikkei daily from the surrounding area reflected MA100 9235, which indicates a bullish correction phases in the short term returns to the area prior to the testing area of 9365 9290. Just break down the MA100 can confirm the bearish outlook toward at least in the short-term. 9160

Market Review U.S. 04 May 2012

The Euro weakened against the dollar for the fourth day on Thursday as the head of the European Central Bank, Mario Draghi pass judgement is good for the economy of the area but still opens the opportunity for relaxing the policy, making investors remain anxious the day before the US employment data tenga.

While waiting for the US employment data today, gold prices dropped after data showed U.S. weekly jobless claims level was down last week which increase expectations that the NFP report on this day will break expectations and crude oil shrank by 2% over a growing number of signs of slowing down the growth of the US economy made investors do porofit-taking considering the price had reached the top of range trading lately. The US stock exchange also closed in the negative area, with the S & P dropped to below the key level of 1400, depressed by the ISM non-manufacturing report for the weak.

Economic Data today is a monetary policy statement, the Halifax HPI RBA of the United Kingdom, the retail sales of Switzerland, services PMI, retail sales of the European zone, non-farm payrolls, the jobless rate in the US, as well as reports earnings of Berkshire Hathaway

EUR/USD closing 1.3152 1.3180, low, high, 1.3097, H:1653.45, and XAUUSD C:1636.45 L:1631.00, CO-S c: 102.45, H: 105.42 L: 102.36. Dow C: 13143, H: 13248, L:13118

Euro Depressed Ahead Of ECB Meeting

The Euro traded weakened to 2 consecutive sessions against the U.s. Dollar on Wednesday after several dismal European data back trigger concerns about the economic slowdown ahead of the elections in France and Greece. The manufacturing sector shrank more than estimates of Italy, with factory orders shrank at the fastest pace in the last 3 years. Data from Germany, Spain and France also shows the factory activity declined significantly. Its negative eurozone data also adds to the speculation over monetary policy of the ECB is to be taken at a meeting Thursday.
"Even though the ECB has been providing liquidity, data that indicates if a long-term fundamental outlook in the Euro zone are still negative," said Brian Kim, a currency expert at Royal Bank of Scotland in Stamford, Connecticut. The ECB will meet in Spain on Thursday, amid increasing pressure to immediately launch a program to purchase bonds or other measures in order to protect the small economies in the Euro area from a worse condition. Although the ECB is still going to maintain interest rates, some are hoping the central bank will cut its interest rates, which are at risk of generating negative pressure for the exchange rate of the Euro.

Gold: Test Range Under

The gold price still moves according to our predictions and perbalikan direction is likely to occur. Today, over the still under ranges of 1605-1610, we noticed the trend of price reductions can happen anytime. If traded back to the bottom of 1589, then it will open up opportunities to penetrate the 1577, before continuing to 1560-1564 and 1532-1535.

However, if the later gold broke 1610, it will delay the attenuation and trigger new targets in 1622-1625. We prefer to look forward to at least one experiment to 1560, and then progressed to 1532-1535 before prices turned bullish. Salam Success!

Author: EW Benny – Technical Analyst based in Dublin, Ireland

Market Review of The U.S 03 May 2012

The Euro weakened for the third session of the dollar on Wednesday after a bad return data Europe turn the anxiety about a slowdown in the region towards the more general elections in France and Greece.

Gold tumbles as the decline on the stock exchange and other commodities, following private sector employment data AS disappointing and weak physical demand, crude oil also fell over the supply of U.S. crude oil climbed to the highest level in more than 20 years. Wall Street managed to recover from the downturn at the beginning of the session for ditutip mix, but anxiety about the weak ADP data made investors stay cemasn ahead of Friday's NFP data.

Economic Data today is AIG services index of Australia, non-manufacturing PMI from China, nationwide HPI, Halifax HPI, services PMI from the United Kingdom, the PPI of the European zone, the decision of interest rates and the ECB press conference, jobless claims, ISM non-manufacturing PMI from the US, as well as the reports of earnings from GM, Kraft, AIG, and LinkedIn.

EUR/USD closing 1.3161, high, low, 1.3241 1.3124 XAUUSD C:1653.20, H:1662.95, L:1646.45, CO-S c: 105.39, H: 106.05 L: 104.91. Dow c: 13204, H: 13252, L:13135.