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The EUR/USD regained the 1.3000 handle on early European trade after the ZEW survey of investor sentiment printed better than forecast. The ZEW for the month of March came in at -6.5 versus -12 forecast as investor sentiment improved for the fifth month in a row, The data was somewhat surprising given the dour state of conditions in EZ industrial sector, but clearly investor optimism was driven by hope that the massive fiscal and monetary stimulus put in place by most of the G10 block will soon begin to yield dividends and revive global demand.

Cable has dipped during the day and is likely to find Support near 1.3950-35 region. But till the time it stays above the Support at 1.3937, we could see it rise towards 1.43. There’s 200-MA Resistance at 1.4260 on the 4-hour charts which may be tested if the pair stays…

Euro moved above 1,3000 area, almost reaching our first targets and resistance levels at 1,3080-00. The daily close was not formed above 1,3000 and this indicates that yesterday’s move was not a break and we should be cautious. The short term formations remain bullish and first support is found at…

On Monday Dollar/Yen made indecisive movement as the currency couple opened and closed the day at almost the same price – 98.06 and 98.16. From a larger perspective on the daily chart is shown that after the increasing momentum from 11 February, USD/JPY is moving into a variable range, indicating…

EUR/USD-market strategy can be a buy from the level 1.2988$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing above the zero line. In order to find the power of the market,…

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.

At this moment, intraday bias in EUR/JPY remains on the upside as long as 126.45 minors upport holds. Recent rally is still expected to cotninue towards 131.03 key medium term resistance. But after all, we’re still favoring the case that upside will be limited there and bring medium term down…

EUR/GBP’s retreat was contained at 0.9144 and recovered. But after all intraday outlook remains neutral for the moment and another fall cannot be ruled out for continuing the consolidation from 0.9317. But after all, downside is expected to be contained above 0.8950 support and bring rally resumption. Above 0.9317 will…

The minutes from the latest Reserve Bank of Australia policy meeting suggested that further rate cuts may be coming. Although RBA board noted that “monetary and fiscal stimulus that had been applied to the economy was having an expansionary effect,” the Australian monetary officials noted that the economic benefits from the massive rate cuts “remained unclear”.

Intraday upside momentum in EUR/CHF is seen diminishing with 4 hours MACD staying below signal line. But after all, further rise is still expected as long as 1.5260 minor support holds. As discussed before, prior break of 1.5191 resistance suggests that whole fall from 1.5880 has completed with three waves…