Daily Technical Analysis by FXCC

alayoua

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Jul 19, 2011
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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.

EURUSD12102011.gif


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.

GBPUSD12102011.gif


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).

USDJPY12102011.gif


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

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Jul 19, 2011
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Daily Technical Analysis by FXCC - October 13 2011

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.

eurusdOctober%2013.gif


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).

gbpusdOctober%2013.gif


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.

usdjpyOctober%2013.gif


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

Trader
Mar 23, 2011
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12
H&S pattern

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

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Jul 19, 2011
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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)

6423817583_5e257e1cd7.jpg


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.

6423817625_b583b7c51f.jpg


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.

6423817667_486fa81ec3.jpg


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

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Jul 19, 2011
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Daily Technical Analysis by FXCC November 30

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).

6429538269_5aab534f53.jpg


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.

6429538311_e8838d5564.jpg


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.

6429538379_8bfc6c27ec.jpg


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

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Jul 19, 2011
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Daily Technical Analysis by FXCC December 01

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.

6435221347_f26345ed15.jpg


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.

6435221413_14a7627d36.jpg


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).

6435221475_ff4f20785a.jpg


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

Banned
Jul 19, 2011
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Daily Technical Analysis by FXCC 05Jan12

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.

6640034309_0061d4b4a7.jpg


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.

6640034255_62357150ab.jpg


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.

6640034347_f28780c791.jpg


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

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Jul 19, 2011
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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

EURUSD.gif


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

GBPUSD.gif


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

USDJPY.gif


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

Banned
Jul 19, 2011
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Daily Forex Market by FXCC 10Jan2012

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

EURUSD.gif


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

GBPUSD.gif


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

USDJPY.gif


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

Banned
Jul 19, 2011
243
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Daily Forex Market by FXCC 11Jan2012

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

EURUSD.gif


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

GBPUSD.gif


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

USDJPY.gif


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
 

alayoua

Banned
Jul 19, 2011
243
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Daily Forex Market by FXCC 13Jan2012

Daily Forex Market by FXCC 13Jan2012

Canada’s dollar fell versus most of its major counterparts

The pound dropped by 0.9 percent to 83.61 pence per euro shortly after the London main market closed at 4:35 p.m after falling as much as 1 percent, the most since Nov. 21. Sterling was little changed at $1.5335 after sliding to $1.5279, the lowest since Oct. 6. The currency also slipped to A$1.4801, the weakest since Aug. 1, before trading back at A$1.4877. The EUR/USD rebound from support in the 1.2700 price territory extended to levels ahead of the 1.2850 area, the single currency was supported due to better than expected Spanish and Italian bond auctions on Thursday. The Swissy, the Swiss Franc, strengthened to be the best performer across both Thursday sessions versus all its major peers, posting gains around 1% against the USD, JPY, GBP and AUD. Thursday's trading sessions saw the USD/JPY fall lower on depressed demand for the greenback, the pair has so traded a limited 76.73/80 range in the start to trading in the Asian session on Friday morning.

The Canadian currency was little changed at C$1.0191 per U.S. dollar at 5 p.m. Toronto time, after gaining has much as 0.6 percent. One Canadian dollar buys 98.13 U.S. cents. Australia’s dollar bought $1.0335 at 10:50 a.m. in Sydney from $1.0333 in New York on Thursday, when it rose as high as $1.0378 which was the strongest level since Jan. 4. The Aussie was at 79.35 yen from 79.32 yesterday. New Zealand’s currency, the Kiwi, bought 79.37 U.S. cents, this was virtually unchanged from the previous day, when the pair reached a high as 79.81 cents, a level unseen since Nov. 9th. It traded at 60.94 yen from 60.93.
Read More

2012-01-13 09:30 GMT
UK - Producer Price Index - Input (YoY) n.s.a (Dec)

2012-01-13 09:30 GMT
UK - Producer Price Index - Output (YoY) n.s.a (Dec)

2012-01-13 10:00 GMT
European Monetary Union Trade Balance s.a. (Nov)

2012-01-13 10:00 GMT
European Monetary Union Trade Balance n.s.a. (Nov)


2012-01-13 05:28 GMT
EUR/USD on a second attempt higher in Asia

2012-01-13 03:45 GMT
EUR/AUD prints bullish engulfing candle; yesterday's high tested

2012-01-13 01:45 GMT
The kiwi struggling to get much headway

2012-01-13 00:10 GMT
GBP/USD unchanged after dip to multi-month lows

EURUSD 1.28639 / 1.28646
DAILY WEEKLY MONTHLY
High: 1.28782 | Low: 1.28071 | Chg: 0.0049 0.38%

EURUSD.gif


Resistance Levels: 1.3124 |1.3076 |1.2998 |1.2909
Support Levels: 1.2807 |1.2730| 1.2666 |1.2607

SUMMARY : up
TREND up trend
MA10: Bullish
MA20: bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD found strong support at 1.2666 (S3) and within 2 sessions rose sharply to form a high at 1.2870. The pair is in a strong bullish momentum as it heads towards the downtrend trend line and as we have mentioned in previous sessions, we can expect a break out or a continuation of the downtrend. Our recommendation for today’s session is no position, as we should wait for the correction or the break out to take place and then re-evaluate our positions.

-
GBPUSD 1.53790 / 1.53795
DAILY WEEKLY MONTHLY
High: 1.53925 | Low: 1.53249 | Chg: 0.0047 0.31%

GBPUSD.gif


Resistance Levels: 1.5747 |1.5693| 1.5577| 1.5503
Support Levels: 1.5280 |1.5246 | 1.5202 |1.5160

SUMMARY: Down
TREND: down trend
MA10: bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD rebounded after a slight decline down to 1.5280 (S1), and is now moving towards our first resistance level at 1.5503 (R1). If it breaks above that level, it will be a proper confirmation for long positions targeting the second resistance level at 1.5577 (R2). If the price manages to stay below 1.5413, this would suggest a retest of 1.5280 (S1) and a break below this level would probably be limited to 1.5246 (S2).

-
USDJPY 76.732 / 76.734
DAILY WEEKLY MONTHLY
High: 76.837 | Low: 76.683 | Chg: -0.023 -0.03%

USDJPY.gif


Resistance Levels: 77.24 |77.04| 76.97| 76.83
Support Levels: 76.67| 76.13| 75.67 |75.08

SUMMARY: Down
TREND: down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The USDJPY is forming a lower tops at 77.04 (R3), 76.97 (R2) and at 76.83 (R1). In the hourly time-frame the pair is moving downward. The 10 Moving Average and the 20 Moving Average formed a strong resistance above the pair and both are pointed a bearish signals. Our recommendation therefore for today’s session is short positions at 76.67 (S1) with a stop loss above 76.97 (R2).

Source: FX Central Clearing Ltd,
URL: https://support.fxcc.com/email/technical/13012012
 

alayoua

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Jul 19, 2011
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Daily Forex Market by FXCC 16Jan2012

Daily Forex Market by FXCC 16Jan2012

MARKET OVERVIEW – JANUARY 16 2012
The euro hits a fresh all-time low of AUD 1.2264 on Monday
With the U.S. markets closed on Monday, due to Martin Luther King day, the currency markets and the euro in isolation may experience a slight reprieve, particularly if France's debt auction gets away with good numbers. The euro fell 0.3 percent to $1.2643 as of 8:15 a.m. in Tokyo from the close in New York on Jan. 13 when it touched $1.2624, the least since Aug. 25, 2010. The shared currency depreciated 0.4 percent to 97.23 yen after dropping to 97.17, the lowest since December 2000. EUR/AUD has opened on Monday with a starting price of 1.2275, down from 1.2304 Friday in New York, the paring has closed the gap, climbing to a session high of 1.2300 from the recent all-time low. At the start of the week's session this Monday, the Japanese yen in gaining versus its European and American counterparts. USD/JPY has fallen sharply down from its starting price of 77.06, it was last at 76.88 some 10 pips below Friday’s close. EUR/JPY has slipped, opening the week offered at 97.36 from 97.58 late Friday. Last quoted at 97.21, EUR/JPY is down 0.38% so far in the early part of the trading session the day. The USD/JPY is down 0.05%. Cable is off slightly printing at 1.5297, down 0.03%, sterling is down versus the yen at 1.1762, down 0.08%.
The Aussie and Kiwi are down versus the dollar by 0.15% and 0.08% respectively. The loonie is down versus the dollar by 0.06%

UPCOMING EVENTS
2012-01-16 00:00 GMT | UK - Rightmove House Price Index (YoY) (Jan)
2012-01-16 12:30 GMT | Australia - Home Loans (Nov)
2012-01-16 07:00 GMT | Germany - Wholesale Price Index (YoY) (Dec)
2012-01-16 09:00 GMT | Italy - Consumer Price Index (YoY) (Dec)

FOREX NEWS
2012-01-16 05:02 GMT | Japan Dec Consumer Confidence Index 38.9
2012-01-16 02:03 GMT | S&P downgrades will affect reserve managers
2012-01-16 00:33 GMT | Some Aussie buying post home loans, adverts report
2012-01-16 00:00 GMT | United Kingdom Jan Rightmove House Price Index (YoY) 0.4%

EURUSD 1.26549 / 1.26555
High: 1.26259 | Low: 1.26259 | Chg: -0.0018 -0.14%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

EURUSD.gif


Resistance Levels: 1.2944 | 1.2820 | 1.2812 | 1.2727
Support Levels: 1.2621 | 1.2592 | 1.2560 | 1.2513

Intraday Analysis: EURUSD fell and formed a bottom at 1.2621 (S1) and now it seems that it is heading towards 1.2592 (S1) a Fibonacci retracement level - 76.40%. A break below that level, we can expect the price to retest 1.2560 (S3). We can see clearly that the pair is in a downtrend move and both of our Moving Averages are above the price (bearish signal), but a correction upwards is expected leading to a further decline.



GBPUSD 1.53146 / 1.53160
High: 1.53269 | Low: 1.53160 | Chg: 0.0003 0.02%
SUMMARY: Up
INTRADAY TREND: Sideway
MA10: Neutral
MA20: Neutral
STOCHASTIC: Neutral

GBPUSD.gif


Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5400
Support Levels: 1.5275 | 1.5233 | 1.5203 | 1.5164

Intraday Analysis: GBPUSD fell sharply yesterday and continued to decline from 1.5400 (R1) to 1.5233 (S2). If GBPUSD breaks above 1.5400 (R1), we can expect re-testing resistance at 1.5487 (R2). Further rise will then focus on 1.5579 (R3). On the downside, decline below current support level 1.5275 (S1) will retest 1.5233 (S2) and 1.5203 (S3). Since the pair is moving above 1.5233 a strong support level (daily) in technical and psychological way for the bullish, we look for long positions with a stop loss below 1.5233 (S2).


USDJPY 76.831/ 76.837
High: 77.831 | Low: 76.81 | Chg: -0.116 -0.15%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bullish
MA20: Bearish
STOCHASTIC: Oversold

USDJPY.gif


Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05
Support Levels: 76.60 | 76.03 | 75.54 | 75.13

Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.66 after forming a top at 77.05 (R1). A break below our support level at 76.60 (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 77.05 (S1).

Source: FX Central Clearing Ltd,
 

alayoua

Banned
Jul 19, 2011
243
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Daily Forex Market by FXCC 17Jan2012

Daily Forex Market by FXCC 17Jan2012

MARKET OVERVIEW – JANUARY 17 2012
Major currency pair and Commodity currency pair analysis
Europe’s shared currency was 0.3 percent weaker at 97.30 yen at 11:40 a.m. in London, after falling to 97.04, the least since December 2000. The euro fell 0.1 percent to $1.2673, after dropping to $1.2626. The dollar dipped 0.3 percent to 76.77 yen. U.S. markets are closed today. Sterling is in a range above the psychological level of 1.5300. This looming round number should represent a test, once breached lower support is at circa 1.5320. EUR/GBP extended its decline to 0.8253, where it bottomed out during the European trade. EUR/GBP is quoting at around 0.8270, 0.06% above its opening price. USD/JPY erases Friday’s gains and falls back to 76.75 down 0.22% on the day. The USD/CHF has retraced back to Monday’s opening price, at 0.9540, after falling to a 0.9525 daily low on the European opening.
NZD/USD is down ahead of NZIER. The pair is flat at 7930, obviously 8000 represents a key level. Improved housing/lending data has helped push up the AUS/USD, the pair is up 0.33% at 10314 with the next resistance levels waiting at 1.0387 followed by key number level of 1.0400. As crude oil rises, the USD/CAD falls. Friday’s gains obtained ahead of the S&P downgrades on European sovereigns have Ben eradicated as price sticks in a range determined by the 200 ma on a 4 hr chart. The pair is below 1.0200, in line with the 200-hourly MA, making this an extremely interesting position to monitor.

UPCOMING EVENTS
2012-01-17 09:30 GMT | United Kingdom Core Consumer Price Index (YoY) (Dec)
2012-01-17 10:00 GMT | United Kingdom BoE's Governor King Speech
2012-01-17 10:00 GMT | EU - Consumer Price Index - Core (YoY) (Dec)
2012-01-17 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Jan)

FOREX NEWS
2012-01-17 05:21 GMT | Another day, another record low for EUR/AUD
2012-01-17 02:04 GMT | China: Retail Sales (YoY) (Dec): 18.1%
2012-01-17 02:04 GMT | China: Industrial Production (YoY) (Dec): 12.8%
2012-01-17 02:03 GMT | China Gross Domestic Product (YoY) 8.9% in 4Q

EURUSD 1.27429 / 1.27434
High: 1.27434 | Low: 1.26489 | Chg: 0.0076 0.06%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought

EURUSD.gif


Resistance Levels: 1.2944 | 1.2882 | 1.2812 | 1.2763
Support Levels: 1.2624 | 1.2592 | 1.2560 | 1.2513

Intraday Analysis: The EURUSD moved upwards and managed to stay above yesterday’s support 1.2624 (S1) and now it is moving towards 1.2763 (R1). A break above that level we suggest further rise towards 1.2812 (R2) and then 1.2882 (R3). On the other hand, if the price manages to hold below 1.2763 (R1) we can expect retest of 1.2624 (S1). The pair is moving downwards since November 2011 and the stochastic is ready to exit downwards to the 80 level. Our recommendation for today’s session is to look for short positions close to 1.2763 (R1) with a stop loss above 1.2812 (R2).



GBPUSD 1.53819 / 1.53831
High: 1.53824 | Low: 1.53107 | Chg: 0.006 0.039%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought

GBPUSD.gif


Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5409
Support Levels: 1.52758 | 1.5233 | 1.5203 | 1.5164

Intraday Analysis: The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5233 (S2). The pair reached a high at 1.5409 (R1) and then fell back towards 1.5278 (S1). Further fall will test 1.5233 (S2) and decline below this level, suggesting target at 1.5203 (S3). On the other hand, if price manages to stay above 1.5278 (S1) then we expect the price to retest 1.5409 (R1) and then further rise to 1.5487 (R2). We look for long positions in today’s session with a stop loss below 1.5278 (S1).


USDJPY 76.651/ 76.655
High: 76.878 | Low: 76.64 | Chg: -0.117 -0.117%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold

USDJPY.gif


Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05
Support Levels: 76.60 | 76.03 | 75.54 | 75.13

Intraday Analysis: USDJPY fell sharply and formed a strong support level at 76.60 (S1) and then we saw is rised up and made a high at 77.05 (R1). A break above that level, 77.05 (R1), we suggest further rise towards 77.33 (R2). Both of our Moving Averages are bearish, so we expect the pair to continue its downward move towards 76.03 (S2). A stop loss should be placed above 77.05 (R1).


Source: FX Central Clearing Ltd,
 

alayoua

Banned
Jul 19, 2011
243
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0
Daily Forex Market by FXCC 18Jan2012

Daily Forex Market by FXCC 18Jan2012
The dollar fell versus the euro in early trading

The dollar was little changed at 1.2741 per euro as of 8:30 a.m. in Tokyo after falling 0.5 percent yesterday. The yen fetched 97.88 per euro after a 0.6 percent decline yesterday. USD/JPY broke support at circa 76.60 to reach a fresh 3-month low of 76.54 on Tuesday, recovering to end the American session at 76.82. The pound declined 0.4 percent to 83 pence per euro at 5:03 p.m. London time, after rising 1.1 percent over the previous two days. The currency slid 0.6 percent to A$1.4767 after falling to A$1.4713, the weakest since February 1985. Sterling strengthened 0.2 percent to $1.5348.

Canada’s currency touched C$1.0113 per U.S. dollar, the strongest since Jan. 4. It ended 0.3 percent higher at C$1.0151 in Toronto. One Canadian dollar purchases 98.51 U.S. cents. The Australian Dollar is approaching 1.0370, after it recovered from a dip which halted ahead of 1.0350. AUD/USD retreated 100 pips from its daily highs seen on Tuesday. AUD/USD peaked at a 2 ½-month high of 1.0447 before Wall Street opening, but then dropped nearly 100 pips throughout the NY session.
Read More

UPCOMING EVENTS
2012-01-18 04:30 GMT | Japan - Industrial Production (YoY) (Nov)
2012-01-18 09:30 GMT | UK - ILO Unemployment Rate (3M) (Jan)
2012-01-18 09:30 GMT | UK - Average Earnings including Bonus (3Mo/Yr) (Nov)
2012-01-18 09:30 GMT | UK - Claimant Count Change (Dec)

FOREX NEWS
2012-01-18 04:36 GMT | Japan Nov Industrial Production (YoY) -4.2%
2012-01-18 04:34 GMT | Japan Capacity Utilization -2.9% in Nov
2012-01-18 04:34 GMT | Japan Industrial Production (MoM) -2.7% in Nov
2012-01-18 00:34 GMT | Australia Dec New Motor Vehicle Sales (YoY) -3%



EURUSD 1.27906 / 1.27910
DAILY WEEKLY MONTHLY
High: 1.27927 | Low: 1.27333 | Chg: 0.0055 0.43%

EURUSD.gif


1.2944 | 1.2878 | 1.2843 | 1.2807
1.2711 | 1.2647 | 1.2624 | 1.2592

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

After price formed bottom at 1.2624 (S3) EURUSD was able to break above 1.2711 (S1) and now has found a strong resistance at 1.2807 (R1). If we take a look in the short term time frame, the price is heading close to the downtrend trend line 1.2843 (R2). A break above that level will be suggesting target at 1.2878 (R3) and possibilities for a trend reversal. On the other hand if price fails to break above 1.2807 (R1) we will then expect the price to retest 1.2711 (S1) and then further decline towards 1.2647 (S2). We are in a very crucial level as it is a possibility to either have a continuation of the downtrend or a breakout and trend reversal.

GBPUSD 1.53709 / 1.53718
DAILY WEEKLY MONTHLY
High: 1.53745 | Low: 1.53264 | Chg: 0.0035 0.23%

GBPUSD.gif


1.5579 | 1.5527 | 1.5487 | 1.5409
1.5278 | 1.5233 | 1.5203 | 1.5164

SUMMARY : up
TREND : up trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD formed higher bottoms and now is moving towards 1.5409 (R1) a technical and psychological resistance level for the bullish. A break above that level, it will be a proper conformation for long positions as we expect the price to retest 1.5487 (R2). On the downside, decline below 1.5320 will be confirmed the short positions towards 1.5278 (S1) and then 1.5233 (S2).

USDJPY 76.693 / 76.699
DAILY WEEKLY MONTHLY
High: 76.844 | Low: 76.653 | Chg: -0.133 -0.17%

USDJPY.gif


78.03 | 75.56 | 77.33 | 77.05
76.55 | 76.03 | 75.54 | 75.13

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20: Bearish
STOCHASTIC :eek:versold


MARKET ANALYSIS - Intraday Analysis

USDJPY fell yesterday and was supported at 76.55 (S1) and now it seems that it is going to retest that level. We expect the price to retest and then break below our support level targeting fresh lows at 76.03 (S2) and 75.54 (S3). Look for short positions below 76.55 (S1) with a stop loss above 77.05 (R1).

Source: FX Central Clearing Ltd,
URL: https://support.fxcc.com/email/technical/18012012
 

alayoua

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Jul 19, 2011
243
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Daily Forex Market by FXCC 19Jan2012

Daily Forex Market by FXCC 19Jan2012
MARKET OVERVIEW – JANUARY 19 2012
Will the euro strengthen versus the yen?

GBP/USD broke through the levels of resistance from R1-R3 on Wednesday to reach a fresh 5-day high 1.5440, ending the American session 0.68% higher at 1.5435, this represented cables's third successive day of gains. As is its habit on occasion USD/JPY traded in a very limited 76.65/86 range before ending the American session virtually unchanged, at 76.81. The Swiss Franc strengthened versus many major counter party currencies as the US Dollar weakened, the USD/CHF fell to its lowest level in two weeks, below the psychological level of 0.9400. The pair flattened at 0.9382, remaining below 0.9400. The Swissy also rose versus its European rivals. The EUR/CHF broke below 1.2080 to 1.2067, tempting last week's lows at 1.2062, GBP/CHF fell sharply from 1.4515 to 1.4482. EUR/USD ended trading in the New York session circa 1% higher at 1.2862, just below the 20-day EMA resistance level seen at 1.2870 with support seen at 1.2840.

AUD/USD spent Wednesday trading below 1.0450 a 2-month high. The pair ended trading in New York higher for the third consecutive day, closing at 1.0435, up from a session low of 1.0355. A Kiwi sell-off occurred across the markets after a 0.3% fall in inflation was published. NZD/USD lost 45-50 pips rapidly after a sell off took the pair as low as 0.8025 from its earlier highs of 0.8080. After peaking at 1.0176, USD/CAD lost momentum dropping over half a cent late Wednesday currently printing circa 1.0120, a couple of points above Wednesday's daily low of 1.0118.

UPCOMING EVENTS
2012-01-19 00:00 GMT | Australia Consumer Inflation Expectation (Jan)
2012-01-19 00:30 GMT | Australia Unemployment Rate s.a. (Dec)
2012-01-19 00:30 GMT | Australia Employment Change s.a. (Dec)
2012-01-19 09:00 GMT | European Monetary Union ECB Monthly Report

FOREX NEWS
2012-01-19 01:26 GMT | GBP/JPY targeting lows below 118.50
2012-01-19 00:40 GMT | Australia: Unemployment steady at 5.2%, big miss in job creation
2012-01-19 00:27 GMT | Swissy supported by successful auctions
2012-01-19 00:01 GMT | Australia Jan Consumer Inflation Expectation 2.8%

EURUSD 1.28475 / 1.28477
High: 1.28784 | Low: 1.28417 | Chg: -0.0016 -0.12%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral

EURUSD.gif


Resistance Levels: 1.3120 | 1.3075 | 1.2989 | 1.2878
Support Levels: 1.2807 | 1.2714 | 1.2647 | 1.2624

Intraday Analysis: EURUSD rose yesterday towards resistance at 1.2878 (R1) and now it is testing the downtrend trend line again. A break above that level we can expect price to move towards 1.2989 (R2) and this is a proper conformation for a trend reversal. On the downside, if the pair do not manage to break above first resistance then we expect to move towards 1.2807 (S1) and then 1.2714 (S2).



GBPUSD 1.54163 / 1.54172
High: 1.54453 | Low: 1.54159 | Chg: -0.0021 -0.14%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral

GBPUSD.gif


Resistance Levels: 1.5669 | 1.5580 | 1.5488 | 1.5445
Support Levels: 1.5404 | 1.5320 | 1.5278 | 1.5233

Intraday Analysis: GBPUSD gained momentum yesterday and formed a top at 1.5445 (R1) now it seems that is moving towards 1.5404(S1). A break below that level can expect the pair to retest 1.5320 (S2). If the price moves upwards and breaks above our first resistance level 1.5445 (R1) then we expect the price to approach towards 1.5488 (R2).


USDJPY 76.764 / 76.767
High: 76.834 | Low: 76.721 | Chg: -0.054 -0.07%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

USDJPY.gif


Resistance Levels: 77057 | 77.33 | 77.05 | 76.87
Support Levels: 76.65 | 76.59 | 76.10 | 75.56

Intraday Analysis: USDJPY is moving sideways between 76.87 (R1) and 76.65 (S1). A break below our support level, we can expect the price to retest 76.59 (S2) and further decline we’ll focus on 76.10 (S3). Look for short positions with a stop loss above 77.05 (R2).

Source: FX Central Clearing Ltd,
URL: https://support.fxcc.com/email/technical/19012012
 

alayoua

Banned
Jul 19, 2011
243
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Market Overview by FXCC July 23 2012

Market Overview by FXCC July 23 2012

Spain Weighs On Global Markets

US markets closed down after worries about Spain continued to flourish. After positive earnings reports all week, markets slumped on Friday. This morning Asian markets are tumbling following Wall Street's lead. Global markets are not in such a positive mood this Monday morning, and the catalysts behind this mood swing are fairly thin but rooted in intensifying concerns about funding pressures affecting stressed European sovereign credits and China’s persistent bias in favor of tight property lending conditions.

Currency markets are reinforcing the negative mood with almost all of the major crosses pushing lower against the USD except for the yen. The commodities complex is also correcting lower with oil and gold off and mixed performances being put in across the metals and agricultural commodities. Spain’s funding costs are getting are surging with the 10 year note back up above 7% at the time of writing.
Read More
https://support.fxcc.com/email/technical/23072012/

UPCOMING EVENTS :
2012-07-23 07:00 GMT | Switzerland - Monthly Statistical Bulletin (Jul)
2012-07-23 12:30 GMT | US - Chicago Fed National Activity Index (Jun)
2012-07-23 14:00 GMT | EMU - Consumer Confidence (Jul)
2012-07-24 02:30 GMT | China - HSBC Manufacturing PMI (Jul)

FOREX NEWS :
2012-07-23 04:42 GMT | GBP/USD down 0.3%, support at 1.5550
2012-07-23 04:22 GMT | EUR/USD trading at fresh 2-year lows above 1.2100
2012-07-23 03:54 GMT | GBP/JPY hits fresh 6-week low sub-122.00
2012-07-23 03:45 GMT | EUR/JPY drops below 95.00, MoF watching closely

----------
EURUSD : 1.20996 / 1.21001
DAILY WEEKLY MONTHLY

EURUSD.gif


1.2216 | 1.2159 | 1.2136
1.2080 | 1.2026 | 1.1969

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals are bearish- 1.22 is key psychological level to watch as movement declines from congestion near 1.2150. Price is currently holding at 1.2113, with strong resistance at 1.2100. Short term and long signals are all aligned with strong sell signals. Our outlook remains bearish. MA's are all in the red, Stochastic is reading sell and MACD and ADX support the bearish bias. The question is how far can the euro fall? 1.21 is going to be a difficult number to break through. There is a strong chance that the pair will be rangebound between the 1.21 to 1.22 level today.

----------------
GBPUSD : 1.55666 / 1.55672
DAILY WEEKLY MONTHLY

GBPUSD.gif


1.5694 | 1.5653 | 1.5616
1.5552 | 1.5515 | 1.5480

SUMMARY : Neutral
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Technicals remain neutral - unable to breach 200 day MA 1.5751 suggests limited upside potential; with downside support is at 50 day MA 1.5622 which was shattered in early trading. The pair just fell right through the support line and continued to decline. This does not change our outlook for today, we remain neutral. Short term signals are reading bearish, but when we move out to near term and long term, signals are mixed and confused.

----------------
USDJPY : 78.067 / 78.069
DAILY WEEKLY MONTHLY

USDJPY.gif


78.810 | 78.605 | 78.425
77.985 | 77.800 | 77.645

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals are bearish with RSI at 38 indicates potential for continued decline. Congestion at 78.20 - 78.00 is likely, with significant support expected at 78.00. If the pair breach the 78.00 then a run to 77.15 is likely. Short term and long term are all in the red and our bias is bullish. The pair at this writing is close to the 78.15 mark, keep an eye on the 78.00, it will tell the story.

Source: FX Central Clearing Ltd,
 

alayoua

Banned
Jul 19, 2011
243
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0
Market Overview by FXCC July 24 2012

Market Overview by FXCC July 24 2012

Eurozone problems finally come to rest in Germany.

As if the markets could not take one more blow, yesterday, Moody's Investor Service took the first step toward stripping Germany of its coveted AAA credit rating, cutting the outlook for Europe's largest and most pivotal economy to "negative".Delivering a stark warning on Monday that no one is immune from the eurozone's rolling crisis, the ratings agency lowered Germany's credit outlook from "stable" to "negative". A similar move was announced for fellow AAA ranked economies, the Netherlands and Luxembourg. US stocks have skidded amid a global sell-off on renewed eurozone sovereign debt concerns that Spain was headed for a bailout and Greece could exit the eurozone. Spain's borrowing costs on Monday struck highs considered unsustainable, sparking fears that the eurozone's fourth-largest economy may require a bailout.

The Dow Jones Industrial Average recovered from a loss of over 200 points to close at 12,721.46, down 101.11 points, or 0.79 per cent, putting in a second straight day in negative territory. Asian equities this morning have opened down, but seem to be on hold as investors digest yesterday's Wall Street action and try to interpret the Moody's downgrade.
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https://support.fxcc.com/email/technical/24072012/

UPCOMING EVENTS :
2012-07-24 07:58 GMT | EMU - Markit Manufacturing PMI (Jul)
2012-07-24 08:30 GMT | UK - BBA Mortgage Approvals (Jun)
2012-07-24 12:30 GMT | CANADA - Retail Sales (May)
2012-07-24 12:58 GMT | US - Markit Manufacturing PMI (Jul)

FOREX NEWS :
2012-07-24 04:59 GMT | Yen poised to outperform in general - BBH
2012-07-24 04:30 GMT | EUR/USD below 1.2150 ahead of Spanish auction
2012-07-24 04:21 GMT | GBP/USD stagnant above 1.55 ahead of Europe
2012-07-24 03:25 GMT | AUD/USD, 1.03 proves tough; RBA speech underway

------------------
EURUSD : 1.21226 / 1.21232
DAILY WEEKLY MONTHLY

EURUSD.gif


1.2233 | 1.2189 | 1.2156
1.2079 | 1.2035 | 1.2002

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals are bearish, all signals point same direction; RSI at 31 still has some downside room. But we see a choppy sideways rally from the 1.2160 area to the 1.2320 area. The euro's strong downtrend continues to be in place as the prices have remained firmly below the declining 21-day moving average. Below 1.2145 we have the next Fibonacci level at 1.1820 and this is now the next downside target. Supports are seen at the 21-DMA lower Bollinger line 1.2055, followed by 1.1985 and 1.1957 with resistance levels at the 10-DMA line at 1.2231 and then at 1.2282.

--------------
GBPUSD : 1.55254 / 1.55262
DAILY WEEKLY MONTHLY

GBPUSD.gif


1.5715 | 1.5663 | 1.5590
1.5465 | 1.5416 | 1.5340

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Technicals remain bearish breaching support at 50 day MA 1.5540 leaves 1.5450 as next important level for support; bullish MACD stands in contrast to other bearish indicators. The daily trend remains sideways but our outlook continues to point lower. A move below 1.5390 will virtually confirm the bearish bias and should lead to the long-anticipated downside acceleration toward 1.35 eventually. Supports are seen at 1.5414, 1.5393 and then at 1.5375, with resistance levels at the 55-DMA line at 1.5654 and then at 1.5738.

---------------
USDJPY : 78.323 / 78.328
DAILY WEEKLY MONTHLY

USDJPY.gif


79.055 | 78.765 | 78.530
78.000 | 77.710 | 77.475

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals remain bearish flirting with 78.00, RSI approaches 30; support at June low of 77.66 The USD fell below our stop level at 78.61, which proved to be inadequate. In the short term the immediate pressure is on the downside, but the larger-degree trend is sideways. The downside will likely be limited and a move below 76.00 will not occur at this stage. On the upside, we need a firm and sustained break above 80.60 any major shift.

Source: FX Central Clearing Ltd,
 

alayoua

Banned
Jul 19, 2011
243
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0
Market Overview by FXCC July 26 2012

Market Overview by FXCC July 26 2012

Markets take a breather.

Stock markets were in a somewhat more encouraging mood yesterday during day. Currency markets were dumping the USD in favor of a broad basket of other currency crosses including the euro, A$ and CAD among others. Equity markets are feeling the love with all European benchmarks enjoying a positive lift albeit across a wide range from the FTSE100’s small gain to a 2% rise in Spain. US markets ended fairly flat after housing data disappointed. The bond safe havens are getting marginally dumped with yields on US, Canadian and German 10s rising while yields on Spanish and Italian 10s are moving slightly away from the abyss. Commodity markets are also enjoying a lift with most major categories gently bid.

One possible rationale for a more positive risk-on market bias this morning can be traced to comments by ECB council member Ewald Nowotny. Nowotny remarked that there are “pro arguments” to be made for granting the European Stability Mechanism (ESM) a banking license which is significant because theoretically it would give it access to the ECB window and thus be a back door approach to further policy easing beyond the ESM’s current funding limitations. I would think Germany and the Bundesbank roots to the ECB would remain steadfastly opposed to this policy option given long run inflation considerations but also given the danger that it could well hand the keys to monetary policy over to a much more politicized institution that could derail the ECB’s policy credibility over the long run.
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https://support.fxcc.com/email/technical/26072012/

UPCOMING EVENTS :
2012-07-26 08:00 GMT | EMU - M3 Money Supply) (Jun)
2012-07-26 09:30 GMT | EMU - ECB President Draghi's Speech
2012-07-26 12:30 GMT | US - Durable Goods Orders (Jun)
2012-07-26 14:00 GMT | US - Pending Home Sales (Jun)

FOREX NEWS :
2012-07-26 04:39 GMT | EUR/USD below 1.2165, all eyes on Draghi
2012-07-26 04:24 GMT | GBP/USD limited below 1.55 ahead of Europe
2012-07-26 03:32 GMT | BoC first rate hike not expected till 2013Q3 - Rabobank
2012-07-26 03:20 GMT | UK GDP Q2 bad enough for BoE to consider 25bp cut - UBS

--------------
EURUSD : 1.21452 / 1.21457
DAILY WEEKLY MONTHLY

EURUSD.gif


1.2303 | 1.2236 | 1.2188
1.2073 | 1.2006 | 1.1958

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals are bearish, but risk reward is poor. A close above 1.2163 would be temporarily bullish. The dip didn’t quite make 12000 but today’s rally triggers an intraweek reversal and is enough for me turn bullish against the low 12040. There is no guarantee of course that a low is in place but there is enough evidence to act. RSI failed to break below 30 at the most recent low, which is often a sign that the trend has exhausted. 12110 is support. Supports are seen at the key 1.2110 level, followed by 1.2053 levels and resistance levels are seen at the 10-DMA line at 1.2204, 1.2230 and then at 1.2282.

--------------
GBPUSD : 1.54892 / 1.54896
DAILY WEEKLY MONTHLY

GBPUSD.gif


1.5629 | 1.5590 | 1.5537
1.5445 | 1.5406 | 1.5353

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals remain bearish - MACD has turned to a bearish signal, joining other indicators; congestion at 1.5500-1.5400. The pair breached the key support level of 1.54799 and continued through the next target level of 1.54503. Supports are seen at 1.5414 and then at 1.5375 andresistance levels are seen at 1.5552 and then at 1.5596. Short term technical continue to read bearish but are moving towards oversold, where as longer term technicals remain bearish support the overall bearish bias.

----------------
USDJPY : 78.162 / 78.166
DAILY WEEKLY MONTHLY

USDJPY.gif


78.760 | 78.425 | 78.235
78.030 | 77.825 | 77.575

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals remain bearish and further downward movement is expected as technicals have not yet moved to oversold ( note Stochastic keeps edging into oversold territory ).The pair are range trading and at present are in the middle of the range. The downside is favored below 78.05 The pair has broken out of a descending channel and is expected to fall to targets in the region of 77.65 and then 77.30. It has reached the 61.8% Fibonacci and so there is a possibility of a recovery with the next target at the trend-line again at 78.40. A move lower, however, would have to breach the 78.05 level. Supports are seen at 78.08 and then at 77.94 and resistance levels are seen at 78.39 and then at 78.67.

Source: FX Central Clearing Ltd, (ECN Forex Trading| Forex Rates | Forex Market | FXCC)
 

alayoua

Banned
Jul 19, 2011
243
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0
Market Overview by FXCC July 27 2012

Market Overview by FXCC July 27 2012

ECB's Draghi's vow to save the monetary union sends markets climbing.

Concerns are also growing about global growth. The IMF said in a report today that China's slowing economy faces significant downside risks and relies too much on investment. While the economy “seems to be undergoing a soft landing”. US stocks advanced ahead of a report that may show demand for new homes rose in June and amid concern Spain may need a full bailout as Europe's debt crisis worsens. Broadcom Corp rose 2.6% after it forecast third- quarter sales that may beat analysts' estimates. And as European Central Bank President Mario Draghi said policy makers will do everything in their power to ensure a survival of the Euro.

Apple Inc. fell 4.7% in Germany after reporting profit and sales that missed analysts' projections. Netflix Inc. dropped 17% after it raised doubts about whether it can meet its user-growth targets this year. Japanese stocks fell, with the Topix Index posting its biggest four-day drop since August, as the Yen traded near an 11-year high against the euro amid concern Europe's debt crisis is worsening. The MSCI Asia Pacific Index dropped 1% today as Greece's creditors met to assess how far the debt-stricken nation has strayed from bailout terms Weakness in the euro became more evident throughout the day, as investors lost confidence in any results from the EU Summit and their grand plan, markets want action to help correct today's problems, not plans for the future, when their maybe no EU or euro.
Read More
https://support.fxcc.com/email/technical/27072012/


UPCOMING EVENTS :
2012-07-27 12:00 GMT | Germany - Consumer Price Index (Jul)
2012-07-27 12:30 GMT | US - Gross Domestic Product Annualized (Q2)
2012-07-27 12:30 GMT | US - Personal Consumption Expenditures Prices (Q2)
2012-07-27 13:55 GMT | US - Reuters/Michigan Consumer Sentiment Index (Jul)

FOREX NEWS :
2012-07-27 04:22 GMT | EUR/USD, hangover sub-1.2300
2012-07-27 02:47 GMT | GBP/JPY rally interrupted by 21 EMA
2012-07-27 02:07 GMT | Moving to period of EUR/USD weakness, rising global risk premia - Nomura
2012-07-27 01:40 GMT | US Q2 GDP weakness should be confirmed - Standard Chartered

----------
EURUSD : 1.22932 / 1.22935
DAILY WEEKLY MONTHLY

EURUSD.gif


1.2577 | 1.2453 | 1.2366
1.2155 | 1.2031 | 1.1944

SUMMARY : Neutral
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals are bearish, but candlesticks suggest momentum is turning. The close at 1.2288 opens up a test to 1.2455; however the risk reward remains poor. The anticipated reversal has materialized in the EURUSD and we can now focus on how far the rally is likely to extend, the 1.23 level is an important psychological number. Supports are seen at 1.2200, 1.2118 and then at 1.2100 and, resistance levels are seen at 1.2334 and then at 1.2401. Yesterdays movements have indicators and oscillators behind, this is a good sit it out situation.

---------------
GBPUSD : 1.56847 / 1.56850
DAILY WEEKLY MONTHLY

GBPUSD.gif


1.6034 | 1.5879 | 1.5781
1.5528 | 1.5373 | 1.5275

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

Technicals are well mixed, between short term, near term and long term. Support is expected at the July 12th low at 1.5394, with resistance at the 200 day MA 1.5746. The outlook shows a downward movement towards the 1.5550 zone of support. A rise above 1.5700 may lead to a test of the 1.5730 resistance level. Supports are seen at 1.5600, 1.5500 and then at 1.5458 and resistance levels are seen at 1.5738 and then at the 200-DMA line at 1.5747.

-------------
USDJPY : 78.231 / 78.233
DAILY WEEKLY MONTHLY

USDJPY.gif


79.170 | 78.785 | 78.445
78.105 | 77.770 | 77.315

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

Technicals continue to read bearish and suggest further downward movement, despite consolidation in the past two sessions. Trading is in the narrow range of 78.243 and 78.054 at the time of writing. The pair is likely to fluctuate within the resistance level of 78.404 and the support level of 77.942. After the break of 79.00 the short-term bias is to the downside towards the 77.65 level. In the long term, however, we expect a bullish scenario: a test of the 83.00 resistance level. Supports are seen at 77.94/65 and then at 77.36 and resistance levels are seen at 78.28 and then at 78.54.

Source: FX Central Clearing Ltd, (Forex Rate | Forex News | ECN Forex Broker | FXCC)
 

alayoua

Banned
Jul 19, 2011
243
0
0
Market Overview by FXCC July 30 2012

Market Overview by FXCC July 30 2012

Asian markets rise on hopes for Eurozone action

The week is starting higher, with the Asian markets on the “green” as the Fed, ECB and BoE prepare a new round of policy decisions and the respective announcement. Japan’s Nikkei Stock Average (+0.55%), South Korea’s Kospi (+0.79%), Australia’s S&P/ASX 200 (+0.95%), Hong Kong’s Hang Seng (+1.50%) edged higher, following the market mood triggered by news of action to be taken by the ECB/EFSF to tackle the debt crisis and pressure over Spain and Italy.

Futures for the German DAX 30 and French CAC 40 are signaling a lower open by -0.40% in a corrective movement from Friday’s rally. Spain and Italy will be selling debt during the European session, including Italian 10-year bonds. WTI crude oil trades at 90.33 (+0.25%) and Gold is quoting at 1618 (-0.30%).
Read More
https://support.fxcc.com/email/technical/30072012/

UPCOMING EVENTS :
2012-07-30 08:30 GMT | UK - Consumer Credit (Jun)
2012-07-30 09:00 GMT | EMU - Consumer Confidence (Jul)
2012-07-30 10:00 GMT | UK - CBI Distributive Trades Survey (Jul)
2012-07-30 14:30 GMT | US - Dallas Fed Manufacturing Business Index (Jul)

FOREX NEWS :
2012-07-30 06:35 GMT | GBP/USD in red ahead of UK data
2012-07-30 05:56 GMT | EUR/USD hovering over 1.2300
2012-07-30 04:20 GMT | EUR/JPY hovers around 95.50, below 21 EMA
2012-07-30 03:31 GMT | EUR/USD may attempt rally towards 1.25 this week - UBS

--------------
EURUSD : 1.22768 / 1.22771
DAILY WEEKLY MONTHLY

EURUSD.gif


1.2522 | 1.2424 | 1.2332
1.2241 | 1.2172 | 1.2075

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The pair formed fresh high at 1.2390 on Friday and consolidated on the Asian session today. The main trend direction on the medium term is Bullish. Main tendency development is possible above our next resistance level at 1.2332 (R1). Further appreciation might then be limited by 1.2424 (R2) and 1.2522 (R3) levels. The downside movement is protected by next support at 1.2241 (S1). Confident surpassing of this level will open road to the target at 1.2172 (S2).

----------------
GBPUSD : 1.56971 / 1.56974
DAILY WEEKLY MONTHLY

GBPUSD.gif



1.5893 | 1.5834 | 1.5768
1.5666 | 1.5591 | 1.5523

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

Today in focus UK Mortgage Approvals release at 08:30 GMT in the European trading session. From the technical side further upside trend development is the main scenario however correction is possible. Breaking out of next resistance level at 1.5768 (R1) would suggest next targets at 1.5834 (R2) and 1.5893 (R3). Loss of our support at 1.5666 (S1) would suggest next target at 1.5591 (S2). Further retracement is limited by last support level at 1.5523 (R3) intraday.

--------------
USDJPY : 78.362 / 78.366
DAILY WEEKLY MONTHLY

USDJPY.gif


79.05 | 78.87 | 78.68
78.26 | 78.06 | 77.86

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

After the few days moving in sideways Instrument made an attempt on Friday to go higher and formed fresh high at 78.68, currently our next resistance level. Today pair might try to retest this level later on today. A break above the resistance level at 78.68 (R1) would suggest next target at 78.87 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 79.05 (R3). On the other hand, if the price does not manage to break above 78.68 (R1) we can expect the pair to retest support at 78.26 (S1) and a further fall will be targeted at 78.06 (S2) and 77.86 (S3), the final one for today.

Source: FX Central Clearing Ltd,