Archives for March 2011

EUR/USD Daily Video, March 30, 2011

Good morning, recent price action was very sloppy. Today market has some patterns as to upside as to the downside. But taking into consideration, that daily trend is bearish, I have more bearish view, than bullish. At the same time, we need that market will erase bullish patterns and move below 1.4025 to have more confidence with taking short position: | Sive Morten EURUSD Daily … [Read more...]

FOREX PRO Weekly March 21-25, 2011

Monthly Trend is bullish, price action supports the trend. Market is neither overbought nor oversold on monthly time frame. So, there are no serious barriers for up move continuation. I still show you the range of this nasty down bar with black dash lines. Currently is a fourth consecutive month of increasing up move, so market almost erase this down bar. Price action during March is solid, but … [Read more...]

Sive Morten

Good morning, Market has obvious bullish bias currently, but stands near resistance. So it's better to wait some pullback to enter Long. ForexPeaceArmy | Sive Morten EURUSD Daily 03.22.11 Close You need to upgrade your Flash Player … [Read more...]

Forex Analysis (Tue March 15 2011, 2:15pm NY Time EST) – US FOMC Rate Decision – Today, 06:37 PM

Federal Reserve will probably not surprise the market today. It is likely to keep the current Federal Funds rate unchanged while leaving the 600 Billion Dollar stimulus in place as economy is showing improvement. The real market mover will probably be the accompanied statement, where Bernanke is expected to mention the recent improvements in Unemployment Rate (which is at 8.9%, the lowest in 2 … [Read more...]

EUR/USD Daily Video, March 11, 2011 – Today, 07:29 AM

Good morning, Although market has shown strong sell-off yesterday, due fundamental data, the B&B is still possible, but I prefer to see clear Bullish patterns first on lower time frames, before entering Long. Also I think that market should hit 1.3740 area - until that I will not even think about entering: ForexPeaceArmy | Sive Morten EURUSD Daily 03.11.11 The technical portion of … [Read more...]

Forex Signal (Fri March 11 2011, 8:30am NY Time EST) – US Core Retail Sales m/m – Today, 03:32 AM

We’ll be getting the Core Retail Sales (and Retail Sales) figure out of U.S. today, as high impact news releases are concerned, Retail Sales makes up about 2/3 of U.S. GDP (economy)… Here’s the forecast: 8:30am (NY Time) US Core Retail Sales Forecast 0.7% Previous 0.3% ACTION: 1.2% BUY USDJPY / 0.2% BUY GBPUSD The Trade Plan The plan to trade this release is straight forward. We are going … [Read more...]

Forex Signal (Fri March 11 7:00am NY Time EST) – CA Employment Change – Today, 03:07 AM

We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast: 7:00am (NY Time) CA Employment Change Forecast 26K Previous 69.2K Unemployment Rate 7.7% ACTION: USDCAD BUY -5K SELL 55K The Trade Plan Canadian Employment Change report will be release at 7:00am sharp today, and it's the first of two high impact tradable news releases today. What I am looking … [Read more...]

EUR/USD Daily Video, March 03, 2011 – Today, 07:26 AM

Good morning, Although market has reached some targets, I think that bullish bias is still intact. But, at the same time I do not see any solid patterns to trade now. Only trend... ForexPeaceArmy | Sive Morten EURUSD Daily 03.03.11 Close You need to upgrade your Flash Player The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's … [Read more...]

Forex Signal (Wed March 2 2011, 8:15am NY Time EST) – US ADP NFP Changes – Today, 04:53 AM

ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it’s own estimate for the private sectors of NFP (Nonfarm Payroll). This is high impact release and it’s followed by currency traders as they look for hints on Friday’s NFP official release. Here’s the forecast: 8:15am NY Time US ADP NFP Change Forecast 180K Previous 187K ACTION: 230K BUY USDJPY / 130K BUY EURUSD The Trade … [Read more...]

Forex Signal (Tue March 1, 2011, 4:30am NY Time EST) – UK Manufacturing PMI – Today, 03:49 AM

Manufacturing PMI is a leading indicator and it’s usually released during early month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the currency for the rest of the month. Here is the forecast: 4:30am (NY Time) UK Manufacturing PMI Forecast 61.5 Previous 62.0 ACTION: GBP/USD BUY 63.5 SELL 59.0 The Trade Plan We are looking for a … [Read more...]