Intraday Update for EUR/USD, EUR/GBP and GBP/USD

[andy003]

Intraday Update for EUR/USD,USD/JPY & DOW JONES INDEX

25th February 09,Wednesday

EUR/USD
Support for the day: - 1.2753(main), where correction is possible. Break would give 1.2731, where correction also may be. Then follows 1.2692. Break of the latter would result in 1.2658. If a strong impulse, we would see 1.2634. Continuation will give 1.2608 and 1.2577.
Resistance for the day: -1.2892, 1.2926, 1.2967 and 1.3006(main). Break would give 1.3030, where a correction is possible. Then goes 1.3061. Break of the latter would result in 1.3094. If a strong impulse, we can see 1.3128. Continuation will give 1.3144 and 1.3162.

USD/JPY
Support for the day: - 96.60, 96.41 and 96.04(main). Break would bring 95.75, where correction is possible. Then 95.40. If a strong impulse, we would see 95.14. Continuation would give 94.86 and 94.39.
Resistance for the day: - 97.27 and 97.56 (main), where a correction may happen. Break would bring 98.14, where also a correction may be. Then 98.53. If a strong impulse, we can see 99.10. Continuation will give 99.40, 99.68 and 99.90.

DOW JONES INDEX
Support for the day: - 7275.94, 7194.37, 7132.50 and 7087.00(main), where a delay and correction may happen. Break of the latter will give 7064.38, where correction also can be. Then follows 7036.87. Be there a strong impulse, we would see 7018.13. Continuation will bring 7008.76.
Resistance for the day: - 7414.50 (main), where a delay and correction may happen. Break would bring 7470.00, where a correction may happen. Then follows 7509.36, where a delay and correction could also be. Be there a strong impulse, we can see 7567.80. Continuation would bring 7605.17.

 

[andy003]

Currency news update for the Yen,Chilean Peso & Rupee


25th February 09,Wednesday

YEN:
The yen fell to a three-month low against the dollar after a government report showed Japan’s trade deficit widened to the most in more than two decades, diminishing the appeal of yen. Yen also declined to the lowest in six weeks against the euro as the data added to a government report last week that showed the world’s second-biggest economy shrank the most since the 1974 oil shock. The dollar may strengthen against the euro after Obama saying the U.S. will emerge from its slump “stronger than before.”

CHILEAN PESO:
Chile’s peso soared the most in four months after the government said it will sell $50 million a day to convert some of its foreign assets into local currency needed to fund an economic stimulus plan.
The rally in the peso highlights how Chile, the highest- rated country in Latin America by Standard & Poor’s, has separated itself from emerging-market peers by having fiscal savings it can tap amid the global recession, said an analyst in London.

RUPEE:
Rupee strengthened for the first time in three days as global stock gains bolstered risk appetite, shoring up demand for emerging-market assets. The rupee climbed 0.1 percent to 49.81 per dollar as of 9:51 a.m. in Mumbai.

 

[andy003]

Intraday currency pair update for EUR/USD & USD/JPY

Intraday currency pair update for the day
26th February,09 Thursday

EUR/USD
Support for the day: - 1.2678(main), where correction is possible. Break would give 1.2658, where correction also may be. Then follows 1.2634. Break of the latter would result in 1.2608. If a strong impulse, we can see 1.2577. Continuation will give 1.2556 and 1.2514.
Resistance for the day: -1.2784, 1.2870 and 1.2896(main). Break would give 1.2926, where a correction is possible. Then goes 1.2967. Break of the latter would result in 1.3006. If a strong impulse, can see 1.3030. Continuation will give 1.3061.

USD/JPY
Support for the day: - 97.54, 97.28 and 97.05(main). Break would bring 96.60, where correction is possible. Then 96.41. If a strong impulse, we would see 96.04. Continuation would give 95.75.
Resistance for the day: - 98.14(main), where a correction may happen. Break would bring 98.53, where also a correction may be. Then 99.10. If a strong impulse, we can see 99.40. Continuation will give 99.68 and 99.90.

 

[Pinalli]

YEN

The Yen fell to a three month low against the Dollar and Euro on Tuesday as continued concerns over the viability of Japan’s economy pushed investors out of the Japanese currency and into a variety of other options. The Yen has rapidly lost its safe-haven status among investors who, even with the US’s problems, are flocking to the Dollar still.

At 5PM GMT the Yen was down 2% to the Euro at 122.64 and 1 ¾% to the USD at 96.24. The British Poind also advanced on the Yen up 1.6% to 139.19 – the AUD rose 2 ½% to 62.1 and the Franc was up 2.2% to 82.7.

USD

US Housing prices fell an extraordinary 18.5% in December from the previous year as the scope of the crises that analysts theorize started the crisis in the US broadened (grew larger). The US markets were also waiting on Federal Reserve Chairman Ben Bernanke as he delivers testimony to the US Congress. The USD was trading mixed against a basket of currencies in advance of this news. As well, President Obama is scheduled to deliver a speech to both houses of Congress Tuesday evening regarding his proposals for cutting the enormous US deficit. Traders are skeptical of the plan which contradicts the recent stimulus package as it calls for raising taxes significantly.

At 5:10 GMT the Dollar was down 1/3rd to the Euro at 1.2738, the CAD to 1.2491, the CHF to 1.1647, the AUD to .6436 and the NZD to .5093. The dollar did make gains against the GBP, up about ½% to 1.4428.

EUR

Germany came out with its much anticipated IFO business climate indicator which had fallen more than expected to 82.6 – estimates had the level remaining at 83.0. The market did not respond as traders took Tuesday to play the Dollar and Yen in advance of the news coming out of Washington.

The Euro was up 1% versus the Pound to .8828, up slightly to the CHF to 1.4847 and the AUD at 1.9789 and trading flat to the NZD at 2.5.

 

[andy003]

Intraday update for currency couple EUR/USD & USD/JPY
27th February.09, Friday

EUR/USD
Support for the day: - 1.2678(main), where correction is possible. Break would give 1.2658, where correction also may be. Then follows 1.2634. Break of the latter would result in 1.2608. If a strong impulse, we can see 1.2577. Continuation will give 1.2556 and 1.2514.
Resistance for the day: -1.2784, 1.2813, 1.2870 and 1.2896(main). Break would give 1.2926, where a correction is possible. Then goes 1.2967. Break of the latter would result in 1.3006. If a strong impulse, we can see 1.3030. Continuation will give 1.3061.

USD/JPY
Support for the day: - 97.54, 97.28 and 97.05(main). Break would bring 96.60, where correction is possible. Then 96.41. If a strong impulse, we can see 96.04. Continuation would give 95.75.
Resistance for the day:- 98.14(main), where a correction may happen. Break would bring 98.53, where also a correction may be. Then 99.10. If a strong impulse, we can see 99.40. Continuation will give 99.68 and 99.90.a

 

[andy003]

Intraday update for currency couple EUR/USD & USD/JPY
2nd March 2, 2009 Monday

EUR/USD
Support for the day: - 1.2540 and 1.2498(main), where correction is possible. Break would give 1.2455, where correction also may be. Then follows 1.2441. Break of the latter would result in 1.2420. If a strong impulse, we can see 1.2376. Continuation will give 1.2353.
Resistance for the day: -1.2660, 1.2696 and 1.2734 (main). Break would give 1.2763, where a correction is possible. Then goes 1.2784. Break of the latter would result in 1.2813. If a strong impulse, we can see 1.2855 and 1.2870. Continuation will give 1.2896.

USD/JPY

Support for the day: - 97.31 and 97.05(main). Break would bring 96.60, where correction is possible. Then 96.41. If a strong impulse, we can see 96.04. Continuation would give 95.75.
Resistance for the day: - 98.14(main), where a correction may happen. Break would bring 98.53, where also a correction may be. Then 99.10. If a strong impulse, we can see 99.40. Continuation will give 99.68 and 99.90.

 

[andy003]

Intraday update for currency couple EUR/USD & USD/JPY
3rd March 09, Tuesday

EUR/USD
Support for the day: - 1.2540 and 1.2498(main), where correction is possible. Break would give 1.2455, where correction also may be. Then follows 1.2441. Break of the latter would result in 1.2420. If a strong impulse, we can see 1.2376. Continuation will give 1.2353.
Resistance for the day: -1.2660, 1.2696 and 1.2734 (main). Break would give 1.2763, where a correction is possible. Then goes 1.2784. Break of the latter would result in 1.2813. If a strong impulse, we can see 1.2855 and 1.2870. Continuation will give 1.2896.

USD/JPY
Support for the day- 97.05 and 96.72(main). Break would bring 96.60, where correction is possible. Then 96.41. If a strong impulse, we could see 96.04. Continuation would give 95.75.
Resistance for the day: - 98.14(main), where a correction may happen. Break would bring 98.53, where also a correction may be. Then 99.10. If a strong impulse, we could see 99.40. Continuation will give 99.68 and 99.90.

 

[andy003]

Intraday Update for EUR/GBP,EUR/JPY & EUR/USD

Intraday Update for EUR/GBP,EUR/JPY & EUR/USD
4th March 09, Wednesday

EUR/GBP is moving without trend and swings around exponential moving averages (EMA 50 and 100). The price should continue to move in 0,8820 / 0,9000 range.There is no trade configuration.
Resistances For the day
0,8945 - 0,9000
Supports For the day
0,8900 - 0,8820


EUR/JPY is in a range between 121,80 and 124,20.Volatility is low. The price should continue to move in Bollinger bands.
There is no trade configuration.
Resistances For the day
123,50 - 124,20
Supports For the day
122,50 - 121,80


EUR/USD Open 1.2532 High 1.2675 Low 1.2458 Close 1.2561 This morning the currency couple continued its decreasing to 1.2458, Currently signals are downwards.
Resistance For the day
1.2675 1.2800 1.2910
Support For the day
1.2410 1.2300 1.2190

 

[Pinalli]

EUR

Investors pushed the Euro down on Wednesday as investors continued to price in the likelihood of an interest rate cut from both the European Central Bank and the Bank of England alt on today. The European Central Bank is expected to cut its core rate by half a percentage point to 1.5 percent, and the Bank of England is expected to lower its rate to 0.5 percent on Thursday, also by half a percentage point. Lower interest rates can weaken a currency as investors move funds to where they earn better returns elsewhere.

At 5PM GMT, the Euro was flat versus the dollar at 1.2573, down 1% versus the CAD at 1.61, and up slightly to the Swiss Franc at 1.4796.

GBP

Consumer confidence in the United Kingdom improved in February according to data released on Wednesday. The numbers though were seen as more as more of a psychological boost than a true indication of what the mood is today as the core negative number was still quite high. 77% of those polled for the survey believed that the economic situation is the same or will get worse in the future as compared to 82% who thought the same in January. The actual report also brought about questions as whether or not there is true optimism in England about recoveries considering that 40% of British mortgage holders are slated to be in negative equity by next year while the unemployment rate is predicted to surpass 8% by the fourth quarter – a number not seen since 1996.

The Sterling reacted to this news by falling 1/2% to the Euro to .8896, rising 3/4 top the Franc at 1.6625 and rising to the US Dollar to 1.413.

AUD / JPY

The Australian Dollar gave back some its big gains from Tuesday early in the session but later recovered after data showed that the Australian GDP reports shocked the market by showing that the economy contracted for the first time in eight years last quarter.

In Japan, the Yen was hurt when Bank of Japan board member, Miyako Sudo, said that he was unsure if the Japanese economy has hit rock bottom yet and pointed to the rapidly falling stock prices as one of the reasons. Giving traders even less confidence in the Yen than they already had.

At 5:30 GMT the AUD was up 1% to the USD to .6439 and the same to versus the Euro to 1.9515, up 2 to the Yen at 63.85 and down 1/2% to the KIwi at 1.2815. While the Yen was down 1% to the CHF to 84.27, down 1 1/4 to the Euro to 124.68 and down 1% to the USD to 99.27.

 

[andy003]

Good analysis Pinalli.

Today's Dow Jones index
06.03.09 Friday

Support for the day: - 6527.46, 6501.78 and 6478.24 (main), where a delay and correction may happen. Break of the latter will give 6452.56 where correction also can be. Then follows 6392.10. If there a strong impulse, we could see 6328.12. Continuation will bring 6295.37.

Resistance for the day: - 6682.63 and 6733.10(main), where a delay and correction may happen. Break would bring 6761.23, where a correction may happen. Then follows 6811.87, where a delay and correction could also be.If there a strong impulse, we could see 6835.40. Continuation would bring 6884.72 and 6927.44.

 

[andy003]

Currency couple GBP/USD

GBP/USD intraday: the upside prevails.
Pivot: 1.4100.
Preference: LONG positions @ 1.411 with targets @ 1.423 & 1.429.
Alternative scenario: The downside penetration of 1.41 will call for a slide towards 1.4035 & 1.3984.
Comment: the pair is on the upside and should reach its next resistance as the RSI is bullish and does not show any reversal sign for the moment.
Trend: ST Consolidation; MT Bearish

 

[andy003]

GBP/USD


This is intraday update for the currency coupleGBP/USD. GBP/USDintraday: the downside prevails.
Pivot: 1.3925

Preference: Short positions below 1.3925 with targets @ 1.374 & 1.365 in extension.
Alternative scenario: Above 1.3925 look for further upside with 1.4 & 1.408 as targets.
Comment: the RSI lacks upward momentum, the pair remains below its resistance and should face a weakness.

 

[andy003]

Hello all traders
this is the Euro - Usd intraday outlook from my broker AVAFX.
EUR/USD intraday: caution.
Pivot: 1.2875
Our preference: Short positions below 1.2875 with targets @ 1.2725 & 1.2675 in extension.
Alternative scenario: Above 1.2875 look for further upside with 1.29 & 1.295 as targets.
Comments: the pair is rebounding on its MT bullish channel lower boundary but remains below its resistance, the RSI calls for caution.

In currency trading euro is being considered to snap a two-day winning streak against the dollar before a German report that may show industrial production dropped for a fifth month, giving the European Central Bank more room to cut interest rates.

 

[andy003]

Hello all traders
Here's the intraday outlook, after a gap,on EUR/GBP & EUR/USD from my broker AVAFX.

EUR/GBP intraday: the downside prevails.
Pivot: 0.9227
preference: Short positions below 0.9227 with targets @ 0.9116 & 0.905 in extension.
Alternative scenario: Above 0.9227 look for further upside with 0.9255 & 0.93 as targets.
Comment: the RSI is bearish, the pair stands within a bearish channel and should face a further weakness.



EUR/USD intraday: further advance.
Pivot: 1.293
preference: Long positions above 1.293 with targets @ 1.3075 & 1.315 in extension.
Alternative scenario: Below 1.293 look for further downside with 1.287 & 1.2815 as targets.
Comments: the pair has broken above its ST flag and is challenging its LT bullish channel upper boundary.

 

[Pinalli]

USD

The dollar gained against the Euro and a host of other currencies on Friday in a very erratic trading session. As the vibe in the stock markets turned negative, investors returned the greenback as a safe haven. The equity markets had been sharply positive all week long, with US markets gaining roughly 9%, Forex investors had taken the opportunity to test their risk appetite, however Friday seemed to indicate a migration back to the US Dollar.

The Dollar did erase early losses brought on by gains in stocks after decent economic data and hints that the US banks might not be as bad off as everyone thinks. Online Forex nalysts believe that the recent rally here for the USD against the Euro is all about the stock market. Investors are trying to gage whether or not the downslide in the economy is nearing a bottom – at this point, any good news can spur a rally. But the rallies are short lived because the sentiment is still quite negative.

At Friday’s close, the Dollar was up .15% to the Euro to 1.2926, up .3% to the Japanese Yen at 97.98, and unchanged versus the Swiss Franc at 1.185. The Dollar did fall to the Aussie and Kiwi, closing down ½% to the AUD to .6579 and down nearly 1% to the NZD at .5248.

EUR

The Euro ended the week with one of its best weeks since the end of 2008. Much of the gains the Euro made this week were based on investors testing their risk appetite, as stated above, however news from European Central Bank executives also played a part in the Euro’s rebound. Last week, several ECB board members declared that the crisis was being managed more aggressively and that a light at the end of the tunnel is in sight.

The Euro closed up ½% to the Yen to 126.68, up .16% to the Swiss Franc to 1.5321, down .4% to the Australian Dollar at 1.9641 and down .35% to the Canadian Dollar to 1.6441.

GBP

The Sterling gained widely on Friday as investors appeared to be giving the battered UK currency a break on Friday. Much hype of the UK’s bank bailout plan and overall negative sentiment about the state of the British economy has kept the Pound down in recent weeks. As investors retreated from more risky positions on Friday they appeared to find value in the Sterling.

The Pound closed up ½% to the dollar closing at 1.4 flat and up .3% to the Euro at .9231, up ¾% to the Yen at 137.18 and up ½% to the Swiss Franc to 1.6591. The Pound did fall slightly to the Canadian Dollar to 1.7803 and to the Australian Dollar to 2.1271.

 

[andy003]

AVAFX-Intraday Currency update for GBP/JPY & EUR/GBP

Hi all traders
Thanks for the update Pinalli.Updates from all members are welcome on this thread.

Here's the intraday update for GBP/JPY & EUR/GBP From Avafx

18th March 09, Wednesday

GBP/JPY intraday: rebound in sight.
Pivot: 137.9
Our preference: Long @ 138.05 with targets @ 139.25 & 140.25 in extension.
Alternative scenario: Below 137.9 look for further downside with 137.25 & 136.5 as targets.
Comment:

As regards GBP/JPY intraday rebound looks in sight.
The RSI is turning up, and the pair is rebounding on its strong support.Looks like it should reach its next resistance.
Below 137.9 traders can look for further downside with 137.25 & 136.5 as targets.


For the royal pair EUR/GBP intraday bias is still bullish.EUR/GBP has rebounded on its MT rising trend line and is challenging its previous high.Ehe RSI seems well directed.

Pivot: 0.925
Preference: Long positions above 0.925 with targets @ 0.9345 & 0.9403 in extension.
Alternative scenario: Below 0.925 look for further downside with 0.922 & 0.9175 as targets.

 

[andy003]

Hello there all traders
Here's the daily intraday Update for EUR/USD & EUR/GBP
As on Thursday 19th March, 2009 from AVAFX



In EUR/USD intraday the continuation of the rebound is visible.
Pivot: 1.34
Preference: Long positions above 1.34 with targets @ 1.3545 & 1.375 in extension.
Alternative scenario: Below 1.34 traders can look for further downside with 1.33 & 1.316 as targets.
Remarks: the pair is challenging its resistance and should pull back on its new support ahead of a rebound.


In EUR/GBP intraday there is turning down.
Pivot: 0.95
Preference: Short positions below 0.95 with targets @ 0.94 & 0.935 in extension.
Alternative scenario: Above 0.95 traders can look for further upside with 0.955 & 0.965 as targets.
Remarks: the RSI has brolen below a MT rising trend line, the pair should face a weakness towards its next support.

 

[andy003]

Technical Analysis from AVAFX

Hi there traders
This is the intraday Technical Analysis provided by AVAFX
For the Currency Pairs EUR/USD & EUR/GBP

20th march 09,Friday
In EUR/USD intraday the bias remains bullish.
Pivot: 1.3535
Preference: Long positions above 1.3535 with targets @ 1.374 & 1.384 in extension.
Alternative scenario: Below 1.3535 look for further downside with 1.3415 & 1.33 as targets.
Remarks: the pair has struck against its resistance and should pull back on its next support before a new up move, the RSI remains supported by a LT rising trend line.


In EUR/GBP intraday the pair is under pressure.
Pivot: 0.948
Preference: Short positions below 0.948 with targets @ 0.935 & 0.928 in extension.
Alternative scenario: Above 0.948 look for further upside with 0.955 & 0.965 as targets.
Remarks: the RSI stands within a MT bearish channel, the pair is under pressure and is challenging its rising trend line.

 

[andy003]

Hello all traders
This is the Intraday Update for USD/JPY & EUR/GBP
As on Monday,23rd March, 2009 from from my Forex Broker AVAFX

USD/JPY intraday: caution.
Pivot: 96.9
Our preference: Short positions below 96.9 with targets @ 95.75 & 95.25 in extension.
Alternative scenario: Above 96.9 look for further upside with 97.5 & 98.25 as targets.
Comment: the RSI is turning down, the pair has struck against its resistance and should reach its next support.


EUR/GBP intraday: under pressure.
Pivot: 0.945
Our preference: Short positions below 0.945 with targets @ 0.932 & 0.928 in extension.
Alternative scenario: Above 0.945 look for further upside with 0.95 & 0.955 as targets.
Comment: the pair is on the downside and is approaching its next support, the RSI is bearish.

 

[andy003]

Intraday Currency Update from AVAFX

Intraday Currency Update For EUR/USD & GBP/USD from AVAFX

24th March 09
EUR/USD intraday: bullish bias above 1.35.
Pivot: 1.35
Our preference: Long positions above 1.35 with targets @ 1.368 & 1.374 in extension.
Alternative scenario: Below 1.35 look for further downside with 1.3415 & 1.33 as targets.
Comments: the pair is pulling back on its MT rising trend line before a new up move.


GBP/USD intraday: rebound expected.
Pivot: 1.455
Our preference: Long positions above 1.455 with targets @ 1.4735 & 1.481 in extension.
Alternative scenario: Below 1.455 look for further downside with 1.4445 & 1.44 as targets.
Comment: the RSI is supported by a rising trend line, the pair is facing a weakness before a new up move.