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USDCHF has completely closed above its daily trendline and after 5 consecutive daily bullish candles it’s likely to form another one today. Breaking that trendline with huge order flows has confirmed that overall trend has reversed.

Now if you want to board on the bust to the north just have a look at the hourly rhythm of this pair with 40EMA:

As you can see in the blue square we have got a false move in our rhythm and price went below 40EMA around 30pips and then jumped back above. So the best place to go long would be another retest of this moving average with 40pips stops loss.
Also watch that broken trendline and price might retest it again and then go up further.

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[B]EUR/USD is consolidating in a tight range. Usually these quiet times are eventually followed by an eruption. Will Bernanke supply the fuel today? Here’s a quick update on technicals, fundamentals and community trends.[/B]
[B]EUR/USD Technicals[/B]

[LIST][*]Asian session: Euro/Dollar found support at 1.3610..[*]Current range – 1.3610 to 1.37.[/LIST]
[URL="http://www.forexcrunch.com/eurusd-feb-9-consolidating-in-range/eur-usd-forecast-february-9/"][IMG]http://www.forexcrunch.com/wp-content/uploads/2011/02/eur-usd-forecast-february-9-400x210.jpg[/IMG][/URL]
Read the rest of the [URL="http://www.forexcrunch.com/category/eurusd-daily/"][I][B]EUR USD update[/B][/I][/URL].

Forex Trades 02/09 - US session
[b][img]http://www.mataf.net/images/_V3img/fleches/flat_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Resistances[/b]: 1.377 - 1.369 - 1.366
[b]Supports[/b]: 1.3505 - 1.357 - 1.361

[b][img]http://www.mataf.net/images/_V3img/fleches/flat_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurchf"]EUR/CHF - Euro / Swiss Franc[/url][/b]
[b]Resistances[/b]: 1.325 - 1.32 - 1.318
[b]Supports[/b]: 1.3 - 1.3075 - 1.312

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/audusd"]AUD/USD - Australian dollar / US Dollar[/url][/b]
[b]Entry[/b]: ...

Oil and gas prices outlook on Trading Energy


Let's examine the energy markets and the related news that might affect major commodities' prices for today, February 9th:
Bloomberg reports a rise in WTI crude oil price today, as they announce of a decline in petroleum inventories in the US for the first time in the last five weeks. The EIA will issue its full report on this subject later on today.


Oil prices (WTI) showed weakness during the month of February as the WTI spot prices declined by 2.9%; on the other has Brent spot declined by only 0.3%, and showed much more strength yesterday as it rose by nearly 1%.

Currently the recent news is that there was a huge demonstration ...