Daily Technical Analysis by FXCC

[alayoua]

Daily Technical Analysis by FXCC - 12/10/2011

Euro vs. US Dollar (EURUSD):general trend is to the upside. Break below (1.35554) may trigger further fall of the EURUSD. Going above nearest support level at (1.37483), however, would confirm continuation of the bullish trend, towards next objective upwards (1.38667). We will be looking to buy EURUSD upon any price retracement.



R1: 1.36838| R2: 1.37483 | R3: 1.38127 | R4: 1.38667 | R5: 1.39311
S1: 1.35965 | S2: 1.35245 | S3: 1.34575 | S4: 1.33931 | S5: 1.33391

Great Britain Pound vs. US Dollar (GBPUSD):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.56032) zones. A proper confirmation would occur if the GBPUSD will manage to overcome the (1.56384) resistance. Look for long positions for today`s trading session.



R1: 1.56384| R2: 1.56889 | R3: 1.57956 | R4: 1.58456 | R5: 1.58956
S1: 1.55112| S2: 1.54488 | S3: 1.53950 | S4: 1.53406 | S5: 1.52906


US Dollar vs. Japanese Yen USDJPY (USDJPY):Overall the direction remains unclear and price is moving in (77.009 - 76.462) range area, the instrument has a 50 – 50 chance of a recovery above (77.009) or a fall towards (76.462) in the coming session. We should wait for the victory of either team players (Bulls or Bears).



R1: 76.974 | R2: 77.274 | R3: 77.574 | R4: 77.874 | R5: 78.174
S1: 76.335 | S2: 76.035 | S3: 75.735 | S4: 75.435 | S5: 75.135

Source: FX Central Clearing Ltd. (FXCC)
[link removed]

[alayoua]

Daily Technical Analysis by FXCC - October 13 2011

Euro vs. US Dollar (EURUSD):We expect a bullish overall direction for today. That requires the base to build on (1.37350); targeting (1.38337) then (1.38875). A break under (1.35725) support area will extend losses to (1.35245). Look for long positions for today`s trading session.



R1: 1.38337| R2: 1.38875 | R3: 1.39862 | R4: 1.41387 | R5: 1.42374
S1: 1.37350 | S2: 1.36838 | S3: 1.36363 | S4: 1.35825 | S5: 1.35245
 
Great Britain Pound vs. US Dollar (GBPUSD):We believe that possible bullishness could be seen during this trading session. Support is at (1.55325). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish. You may try to buy from (1.56958), (1.56243), and (1.55425) with a stop loss below (1.55325).



R1: 1.58491| R2: 1.59513 | R3: 1.61046 | R4: 1.62068 | R5: 1.63601
S1: 1.56958| S2: 1.56243 | S3: 1.55425 | S4: 1.54841 | S5: 1.54199
 

US Dollar vs. Japanese Yen USDJPY (USDJPY):We see high chances of the pair move up gradually towards (78.179 – 78.873). A proper confirmation would occur if the USDJPY will manage to overcome the (77.699) resistance over today`s trading session. Long positions are favored for today.



R1: 77.699 | R2: 78.179 | R3: 78.873 | R4: 79.353 | R5: 80.047
S1: 76.909 | S2: 76.562 | S3: 75.831 | S4: 75.351 | S5: 74.657

Source: FX Central Clearing Ltd. (FXCC)

[Foster]

I am looking for an automated algo to find this pattern, does anyone know how to define it mathematically so it can be programed?

thanks.

[alayoua]

[B]Daily Technical Analysis by FXCC November 29

Euro vs. US Dollar (EURUSD):EURUSD maintains a bid tone for now.Break above (1.34086) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.32725), however, would confirm continuation of the bearish trend, towards next objective downwards (1.30776). Try to sell on rallies with a stop loss above (1.34086)



R1: 1.33839| R2: 1.34299| R3: 1.35133| R4: 1.35685| R5: 1.36394
S1: 1.32725| S2: 1.32121| S3: 1.31350| S4: 1.30776| S5: 1.30376
 
Great Britain Pound vs. US Dollar (GBPUSD):We prefer a downside scenario at this phase.
Since bias is bearish in nearest term targeting (1.53106). Another move back above (1.56042) could lead us to neutral zone. We will be looking to sell GBPUSD upon any price retracement.



R1: 1.55578| R2: 1.56122| R3: 1.56916| R4: 1.57635| R5: 1.58538
S1: 1.54466| S2: 1.53845| S3: 1.53106| S4: 1.52487| S5: 1.51987
 

US Dollar vs. Japanese Yen USDJPY (USDJPY): We expect a bullish overall direction for today.
That requires the base to build on (77.580); targeting (78.329) then (78.675).
A break under (76.924) support area will extend losses to (76.026).
Our bias is on buying USDJPY with a stop loss under (76.924) for today.



R1: 78.329| R2: 78.675| R3: 79.112| R4: 79.458| R5: 79.895
S1: 77.580| S2: 77.236| S3: 76.835| S4: 76.326| S5: 76.026

Source: FX Central Clearing Ltd. (FXCC)

[alayoua]

[B]Daily Technical Analysis by FXCC November 30

Euro vs US Dollar EURUSD maintains a bid tone for now.
Break above (1.33831) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.32725), however, would confirm continuation of the bearish trend, towards next objective downwards (1.30346).
Try to sell on rallies with a stop loss above (1.33831).



R1: 1.33701| R2: 1.34113| R3: 1.34690| R4: 1.35408| R5: 1.36606
S1: 1.32725| S2: 1.32121| S3: 1.30968| S4: 1.30346| S5: 1.29946


Great Britian Pound vs US Dollar We see high chances of the pair move down gradually towards (1.54690 – 1.53859).
A proper confirmation would occur if the GBPUSD will manage to close below the (1.55249) support over today`s trading session.
We will try to sell GBPUSD from our mentioned resistance levels.



R1: 1.56562| R2: 1.57336| R3: 1.58645| R4: 1.59475| R5: 1.60517
S1: 1.55249| S2: 1.54690| S3: 1.53859| S4: 1.53029| S5: 1.51987


US Dollar vs Japanise Yen Currently, further bullish actions could be seen on USDJPY.
A break below (77.522) could be a threat to the bullish scenario targeting (76.616) even (76.316).
On upside. Immediate resistance is at (78.259). A close above that area should keep the major bullish scenario intact testing (78.921) area.
Look for long positions for today`s trading session.



R1: 78.259| R2: 78.602| R3: 78.921| R4: 79.264| R5: 79.583
S1: 77.597| S2: 77.278| S3: 76.935| S4: 76.616| S5: 76.316


Source: FX Central Clearing Ltd. (FXCC)

[alayoua]

Daily Technical Analysis by FXCC December 01

Euro vs. US Dollar (EURUSD):The EURUSD bias is neutral. Upper barrier is at (1.35428), break above that area could trigger further short term upside pressure testing (1.36863). On the downside, the important price level at (1.32490) may be tested or broken in the coming sessions, which may pull the pair towards (1.32940 – 1.32121). We prefer to wait for break of upper or lower barrier.



R1: 1.35328| R2: 1.36863| R3: 1.38397| R4: 1.39601| R5: 1.41135
S1: 1.33986| S2: 1.33540| S3: 1.32940| S4: 1.32121| S5: 1.31387
 
Great Britain Pound vs. US Dollar (GBPUSD):We see high chances of the pair move in a range between (1.57899 – 1.55159). A proper move above (1.57899) confirms a probable rally towards (1.61776). However, if GBPUSD manage to close below (1.55159) will support a call for bid tone.
We need to keep a closer look on how prices would behave on today`s trading session.



R1: 1.57635| R2: 1.59236| R3: 1.60673| R4: 1.61776| R5: 1.63213
S1: 1.56122| S2: 1.55593| S3: 1.54948| S4: 1.54296| S5: 1.53053
 

US Dollar vs. Japanese Yen USDJPY (USDJPY):The bias remains neutral in nearest term. A need for a clear break from the range area (78.254 – 77.231) so we can see clearer direction. Break below (77.231) could trigger further bearish pressure targeting (76.052) and keep the major bearish scenario remains strong while break above (78.254) could trigger further bullish correction testing (79.344). We should wait for the victory of either team players (Bulls or Bears).



R1: 78.066| R2: 78.521| R3: 78.889| R4: 79.344| R5: 79.712
S1: 77.243| S2: 76.875| S3: 76.420| S4: 76.052| S5: 75.752

Source: FX Central Clearing Ltd. (FXCC)

[alayoua]

Daily Technical Analysis by FXCC 05Jan12

Euro vs US Dollar We may see the instrument move in the range of (1.30828 – 1.28877) in today`s trading session.
We need to see a close above (1.30828) or below (1.28877).
You may try to buy from lower border and/or sell from upper border.



R1: 1.29985| R2: 1.30422| R3: 1.30829| R4: 1.31466| R5: 1.32204
S1: 1.28977| S2: 1.27964| S3: 1.26951| S4: 1.26213| S5: 1.25813

Great Britian Pound vs US Dollar Overall the direction remains unclear and price is moving in (1.56786 - 1.55698) range area, the instrument has a 50 – 50 chance of a recovery above (1.56786) or a fall towards (1.55698) in the coming session.
We should wait for a clearer outlook on GBPUSD.



R1: 1.56686| R2: 1.57526| R3: 1.58414| R4: 1.58914| R5:1.59414
S1: 1.55485| S2: 1.54922| S3: 1.54275| S4: 1.53617| S5: 1.53117


US Dollar vs Japanise Yen We believe that possible bearishness could be seen during this trading session.
Immediate resistance is at (76.931). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.
Look for short positions for today`s trading session.



R1: 77.050| R2: 77.562| R3: 77.868| R4: 78.168| R5: 78.468
S1: 76.378| S2: 76.078| S3: 75.778| S4: 75.478| S5: 75.178


Source: FX Central Clearing Ltd. (FXCC)

[alayoua]

[B]Daily Forex Market Update by FXCC 09Jan2012

MARKET OVERVIEW – JANUARY 09 2012
Major currency pair and Commodity currency pair analysis
The euro fell 0.4 percent to 97.54 yen as of 8:28 a.m. in Sydney after earlier touching 97.38, the lowest level witnessed since December 2000. The currency declined by 0.2 percent to $1.2687 and earlier reached $1.2671, its lowest level since September 2010. The dollar was at 76.89 yen from 76.97.
Canada’s currency depreciated 0.8 percent to C$1.0284 per U.S. dollar yesterday in Toronto, from C$1.0213 on Dec. 30. It touched C$1.0077 on Jan. 3, the strongest level since Dec. 8. One Canadian dollar buys 97.24 U.S. cents. The Australian dollar is under pressure in Asia reaching a 5-day low versus the greenback and a 7-day low versus the yen as the FX market focus remains on the euro zone debt and banking crisis in the week ahead. AUD/USD started from 1.0225 Friday and has since traded a 1.0189/1.0211 range intraday, below the 200-day EMA. AUD/JPY has traded 78.25/60 since the session open down from 78.72 Friday.

UPCOMING EVENTS
2012-01-09 06:45 GMT |Switzerland - Unemployment Rate n.s.a (MoM) (Dec))
2012-01-09 07:00 GMT | Germany - Trade Balance s.a. (Nov)
2012-01-09 09:30 GMT | EU - Sentix Investor Confidence (Jan)
2012-01-09 11:00 GMT | Germany - Industrial Production s.a. w.d.a. (YoY) (Nov)

FOREX NEWS
2012-01-09 03:00 GMT | Investors should keep a bullish stance on the dollar in 2012
2012-01-09 01:51 GMT | Spec positioning back in BOJ intervention zone - Westpac
2012-01-09 00:38 GMT | Australia: No change in retail sales past Nov.
2012-01-09 00:08 GMT | Australia: New home sales rise 6.8% on RBA rate cut
 
EURUSD 1.27376 / 1.27382
High: 1.27458 | Low: 1.26662 | Chg: 0.0023 0.18%
SUMMARY: Down
INTRADAY TREND: DOWNTREND
MA10: Bearish
MA20: Neutral
STOCHASTIC: Oversold



Resistance Levels: 1.2969 | 1.2897 | 1.2814 | 1.2763
Support Levels: 1.2666 | 1.2597 | 1.2561 | 1.2507
Intraday Analysis: EURUSD fell and formed a bottom at 1.2666 (S1) and now it seems that is heading towards 1.2763 (R1). A break above that level, we can expect a correction upwards towards 1.2814 (R2). We can see clearly that the pair is in a downtrend move but a correction upwards is expected leading to a further decline. Try to sell near resistance 1.2763 (R1) with a stop loss above 1.2814 (R2).

 
GBPUSD 1.54447 / 1.54449
High: 1.54473 | Low: 1.53955 | Chg: 0.0019 0.012%
SUMMARY: DOWN
INTRADAY TREND: DOWNTREND
MA10: Bearish
MA20: Neutral
STOCHASTIC: Neutral



Resistance Levels: 1.5630 | 1.5579 | 1.5526 | 1.5466
Support Levels: 1.5395 | 1.5364 | 1.5312 | 1.5274
Intraday Analysis: GBPUSD fell sharply yesterday and continued in decline from 1.5526 (R2). If GBPUSD break above that level, we can expect re-testing resistance at 1.5526 (R2). Further rise will then focus on 1.5579 (R3). On the downside, decline below current support level 1.5395 (S1) will confirm our short positions towards 1.5364 (S2) and then 1.5312 (S3). A stop loss should be placed above 1.5433.
 
USDJPY 76.915/ 76.920
High: 77.007 | Low: 76.79 | Chg: -0.046 -0.06%
SUMMARY: DOWN
INTRADAY TREND: DOWNTREND
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 78.34 | 78.603 | 77.56 | 77.33
Support Levels: 76.85 | 76.60 | 76.04 | 75.56
Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.85 (S1) after forming a top at 77.33 (R1). A break below our support level at 76.85 (S1), will give us a proper confirmation for short positions, as we expect the pair to continue its downwards pressure. A stop loss should be placed above 77.33 (S1).


Source: FX Central Clearing Ltd, (FXCC.COM)

[alayoua]

Daily Forex Market by FXCC 10Jan2012
MARKET OVERVIEW – JANUARY 10 2012
Major currency pair and Commodity currency pair analysis
The euro appreciated 0.4 percent to $1.2770. The euro strengthened 0.3 percent to 98.15 yen, rebounding from the lowest level since December 2000. The Swiss franc strengthened against 13 of its 16 major counterparts, gaining 0.6 percent versus the dollar. The USD/JPY ended lower for a second consecutive session on Monday, having ended with a loss of 0.23% on the day at 76.81, down from 76.99 of last Friday. GBP/JPY trading close to last week’s closing price, around 118.75, Monday saw the pair extend its slide to fresh 3-month lows.
The Canadian currency, nicknamed the loonie, advanced 0.5 percent to C$1.0235 per U.S. dollar at 5 p.m. Toronto time having weakened by up to 0.3 percent earlier. One Canadian dollar buys 97.70 U.S. cents. The Aussie is showing upside strength versus the U.S. dollar early in the Asian session recovering from fresh 2-week lows below 1.0150 on Monday, currently printing at 1.0250 from an earlier session low of 1.0226.

UPCOMING EVENTS
2012-01-10 04:05 GMT |China - Trade Balance (Dec)
2012-01-10 08:00 GMT | Denmark - Retail Sales (YoY) (Nov)
2012-01-10 08:30 GMT | Sweden - Industrial Production (YoY) (Nov)
2012-01-10 09:00 GMT | Norway - Producer Price Index (YoY) (Dec)

FOREX NEWS
2012-01-10 03:45 GMT | Aussie and Kiwi rally in risk-on Asia
2012-01-10 03:03 GMT | China Dec Trade Balance 16.5B
2012-01-10 00:04 GMT | UK - RICS Housing Price Balance -16 in Dec
2012-01-10 00:02 GMT | UK - Dec BRC Retail Sales Monitor - All (YoY) 2.2%
 
EURUSD 1.27881 / 1.27887
High: 1.27967 | Low: 1.26594 | Chg: 0.0023 0.18%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral



Resistance Levels: 1.3013 | 1.2969 | 1.2897 | 1.2814
Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561

Intraday Analysis: After EURUSD formed a bottom at 1.26666 (S2) a strong support for the bulls, it seems that now is heading for an upward correction towards our second resistance 1.2897 (R2). A proper confirmation of this scenario will take place if the price manages to break above 1.2814 (R1). On the downside, if price falls back below 1.2719 (S1), we can expect the price to retest 1.2666 (S2) at a strong psychological level. A break below that level, then we will start focusing at the next support level 1.2597 (S3).

 
GBPUSD 1.54711 / 1.54721
High: 1.54849 | Low: 1.54444 | Chg: 0.0012 0.08%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought



Resistance Levels: 1.5666 | 1.5630 | 1.5579 | 1.5525
Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312

Intraday Analysis: The GBPUSD moved upwards and closed above yesterday’s resistance 1.5469 and now is moving towards 1.5525 (R1). A break above that level suggests further rise towards 1.5579 (R2) and then 1.5630 (R3). In the other hand, if the price manages to hold below the first resistance level 1.5525 (R1) we can expect retest of 1.5422 (S1) and a break below that level, expecting the price to retest 1.5395 (S2) and 1.5364 (S3) which is a strong technical and psychological support for the bulls.
 
USDJPY 76.832/ 76.836
High: 76.904 | Low: 76.775 | Chg: 0.001 0%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 78.03 | 77.56 | 77.33 | 76.95
Support Levels: 76.60 | 76.04 | 75.56 | 75.08

Intraday Analysis: USDJPY after price formed a bottom at 76.76 yesterday’s support level, price continued in sideways move between that level and 76.95. A break above 76.95 could trigger further bullish moves towards 77.33 (R2). On the downside, if price breaks below 76.60 (S1), will confirm our short positions targeting 76.04 (S2). A stop loss should be placed above 76.95 (R1).

Source: FX Central Clearing Ltd
URL: https://support.fxcc.com/email/technical/10012012

[alayoua]

[B]Daily Forex Market by FXCC 11Jan2012
MARKET OVERVIEW – JANUARY 11 2012
The dollar and yen fell versus most of their major peers

The franc was little changed at 1.2128 per euro after earlier gaining to 1.2107, the strongest since Sept. 20.The dollar fell 0.1 percent to $1.2778 per euro at 5 p.m. in New York after weakening 0.4 percent yesterday. It depreciated earlier today to $1.2818, the least since Jan. 5. The yen declined 0.1 percent to 98.19 per euro. The dollar was unchanged at 76.85 yen. The GBP/USD rally from its recent lows continued on Tuesday, reaching the 1.5500 price area from the earlier session low of 1.5445, ending trade in New York 0.17% higher at 1.5482.

New Zealand’s currency, nicknamed the kiwi, rose 0.9 percent to 79.44 U.S. cents, and Australia’s dollar advanced 0.7 percent to $1.0314. The Canadian dollar has appreciated more than 1% this week, Tuesday saw USD/CAD fall to a 3-day low of 1.0152 from the earlier high of 1.0238.
UPCOMING EVENTS
2012-01-11 05:00 GMT |Japan - Leading Economic Index (Nov) Preliminar
2012-01-11 08:00 GMT | Germany - Real GDP Growth
2012-01-11 08:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q3
2012-01-11 09:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q3)

FOREX NEWS
2012-01-11 05:05 GMT | Japan Leading Economic Index rises to 92.9 in Nov
2012-01-11 02:12 GMT | China should use $2 trill FX reserves for overseas investment
2012-01-11 01:15 GMT | The Greenback roars ahead through an active Asian session
2012-01-11 00:01 GMT | United Kingdom Dec BRC Shop Price Index (MoM) 1.7%
 
EURUSD 1.27540 / 1.27547
High: 1.27789 | Low: 1.26287 | Chg: -0.0024 -0.19%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 1.3021 | 1.2969 | 1.2897 | 1.2818
Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561

Intraday Analysis: EURUSD found a strong technical support at 1.26666 (S2) and in yesterday’s session it moved upwards and reached a top at 1.2818 (R1). Following that we saw a decline towards Tuesday’s support level at 1.2719 (S1). A break below that level we can expect the price to retest 1.2666 (S2), and with further decline we will be targeting 1.2597 (S3). On the upside, if price manages to break above our first resistance level 1.2818 (R1) price will most probably approach 1.2897 (R2). In the daily chart the pair is in a downtrend mode with the price moving closer to the downtrend trend line. Our recommendation for today’s session is no position as we can wait either for a reaction upwards and retest of the downtrend trend line or for a move downwards and continuation of the downtrend trend.
 
GBPUSD 1.54612 / 1.54618
High: 1.54904 | Low: 1.54472 | Chg: -0.0023 -0.15%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 1.5630 | 1.5579 | 1.5525 | 1.5497
Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312

Intraday Analysis: The GBPUSD formed a top yesterday at 1.5497 (R1) and now it seems that it is moving upwards to retest the same resistance level. A break above that level will confirm our long positions targeting 1.5579 (R3). A stop loss should be placed below 1.5447. On the downside if price manages to stay below 1.5525 (R2) we will focus for a retest downwards towards our support level 1.5364 (S3) a strong technical and psychological level for the bulls.
 
USDJPY 76.906/ 76.909
High: 76.941 | Low: 76.812 | Chg: 0.068 0.09%
SUMMARY: Neutral
INTRADAY TREND: Sideways
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral



Resistance Levels: 78.03 | 77.56 | 77.33 | 77.00
Support Levels: 76.76 | 76.60 | 76.04 | 75.08

Intraday Analysis: USDJPY is moving in a trading range between the levels 76.76 (S1) and 77.00 (R1). Now the price is retesting our resistance level and a break above 77.00 we expect the price to rise more towards 77.33 (R2). On the other hand, if price bounce from 77.00 (R1) we expect the price to move further downwards towards 76.60 (S2) a strong technical support level. Deeper decline will then retest 76.04 (S3). Look for a long or short position above or below either level.

Source: FX Central Clearing Ltd