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Middle East witnesses excellence of CommexFX!

IMG 20140605 WA0001 Middle East witnesses excellence of CommexFX!CommexFX’s popularity sweeps through the Middle East and achieves recognition for its excellence by receiving the award for ‘Most Transparent Forex Broker’ at the 9th Jordan Forex Expo and Awards 2014 which recently took place in Amman.

CommexFX was also the Platinum sponsor at the event which not only succeeded in attracting over 2000 attendees, IBs and institutional and retail traders, but also proved to be a showcase for all industry leaders within the MENA region to mingle and exchange ideas on FX trading and investment related services.

The JFEX expo was also an excellent opportunity for CommexFX to launch its new platform, the JForex platform, a technically advanced software to add to its list of prestigious online trading platforms. The White Label partnership CommexFX has undertaken with Dukascopy, owner of the JForex platform, further enhances its determination to offer its clients nothing but the best brokerage services with superior trading tools and conditions; the security of operating with a Swiss bank was a key factor in joining arms with Dukascopy.

http://www.commexfx.com/middle-east-witnesses-excellence-of-commexfx/

Market Outlook 11-06-2014

EUR/USD was down 0.38% at 1.3541, up from a session low of 1.3534 and off a high of 1.3602.the sets was prone to discover help at 1.3503, Thursday’s low, and safety at 1.3677, Friday’s high.rising Treasury yields, four months of robust month to month employments reports and other energetic monetary markers in the U.s. sent speculators pursuing the dollar on Tuesday.

GBP/USD hit 1.6759 throughout U.s. morning exchange, the pair’s most reduced since June 5; the pair consequently merged at 1.6767, shedding 0.21%.cable was prone to discover help at 1.6699, the low of June 4 and safety at 1.6845, the high of June 6.

USD/JPY was down 0.15% to 102.37, off session lows of 102.22. USD/CHF rising 0.26% to 0.8993.AUD/USD easing up 0.09% to 0.9362 and NZD/USD rising 0.22% to 0.8512. USD/CAD edged up 0.10% to 1.0913.

Gold prospects for August conveyance exchanged at $1,259.60 a troy ounce, down 0.04%, in the wake of hitting an overnight session low of $1,250.40 and off a high of $1,263.70. The European Central Bank’s late choice slice premium rates kept on weighing on the euro, which reinforced gold’s claim as a support.

Daily Outlook 6-06-2014

On the off chance that you had taken a gander at the EURUSD rate first thing at the beginning of today and afterward contrasted it and the rate as we approached the end of the European session, it was really level, give or take a couple of premise focuses. In any case, the smooth shrouds a gigantic measure of instability in the single cash and an emotional venture into the obscure from the ECB.

GBP/USD has edged higher on Thursday as the pair plays with the 1.68 line in the North American session. On the discharge front, there were no astonishments from the Bank of England, which rolled out no improvements to premium rate levels or its QE program. Halifax HPI was extraordinary, hopping 3.9% in May. In the US, Unemployment Claims moved higher missed the assessment.

USD/CAD is consistent on Thursday, as the pair exchanges the mid-1.09 extent in the North American session. On the discharge front, the news was not positive. Canadian Building Permits and Ivey PMI were fortunate their appraisals. In the US, Unemployment Claims rose and likewise missed the figure.

LeapRate Exclusive: CommexFX launches JForex platform at Jordan FX expo

As leading edge technology continues to be a necessity for retail brokers, CommexFX launches Dukascopy’s JForex platform.

Emerging market economies are increasingly gaining ground among FX brokers as potential regions for growth, as several key retail FX brokerages headed to Jordan for the annual Forex Expo which takes place today and tomorrow.

One particular brokerage is Cyprus-based CommexFX, which has launched its version of Dukascopy Bank‘s JForex platform today at the event, which was attended by many retail brokerages with a client base in the Middle East, including FXCM, CitiFX, ADS Securities, Merex, ICM Capital, Merex and Noor.

CommexFX’s Diana Munoz spoke with LeapRate last week in a television interview, detailing the firm’s business model, an interview during which Ms. Munoz explained that Cyprus is an ideal location from which to gain a client base from not just Europe, but also Asian markets.

The company added the JForex platform, citing technological advancement and the security of operating with a Swiss bank as being key factors in the decision.

Jean El Khoury, Head of Marketing at CommexFX explained to LeapRate that “Any expo presents the ideal opportunity to meet our valued traders and clients face-to-face, but at this particular expo we also had the chance of sharing the experience with Dukascopy as we add their platform, the JForex to our list of prestigious trading platforms,which includes our popular MT4.”

“We are convinced that since we share the same goals for offering clients superior FX products and technical solutions, the partnership between Dukascopy and CommexFX will flourish and prosper benefitting both parties.”

Speaking from the event today, Luis Sanchez, First Vice President of Dukascopy Bank reported to LeapRate that “Just to give an example of the kind of professional relationships we have with our White Label partners, not only do we partner with them but we also accompany them to expos, share the stage and help them promote the JForex platform, along with their other platforms. We support them all the way, and I am pleased to announce that this new concept is put into practice today at the 9th Jordan Expo in collaboration with CommexFX, who are the Platinum Sponsor.”

Technological innovation has been a subject of importance more so than ever this year, as detailed by LeapRate’s interview with Dukascopy TV in Geneva last week, during which the forthcoming Forex Innovators conference in Tel Aviv, Israel was discussed, along with the rationale behind it.

The business to business conference will be launched shortly, and will be presented by LeapRate to an international audience encompassing the world’s most prominent innovators in the Forex industry.

http://leaprate.com/2014/06/22728/commexfx-launches-jforex-platform-at-jordan-fx-expo/

Daily Outlook 5-06-2014

Euro (1.3598) is unstably trying the help zone of 1.3590-70 for the last 6-7 sessions, holding up for the following ECB step. A breakout of the reach of 1.3570-1.3650 may focus the fleeting course even while the real pattern stays down.

Dollar-Yen (102.56) is taking a stop in the wake of arriving at our beginning focus of 102.75 and now may achieve even 103.00-50. The Euro-Yen (139.45) has officially pulled back from 140 of course. The fall would be deeper on a break beneath 139.30-139.00.

Pound (1.6746) is stuck in the little run of 1.6690-1.6790 for a week now. This reach may be broken today and a dip to 1.6670-20 can’t be precluded. Yet it stays to be checked whether the last trust for the bulls at 1.66 remaining parts ensured or not.

The Aussie (0.9277) remaining parts stuck in the reach of 0.92-0.94 for the present with no acceptable transient directional intimations. Just a break of this reach of 0.92-0.94 may generate any genuine moves. An alternate test of 0.9215-0.92 may indicate the end of this curative mode.

Gold (1243.77) remaining parts steady for the present at easier levels close to 1240. It may confront a danger of further fall if the European Central Bank cuts rates which may reinforce the US Dollar. While over 1240, it may keep on consolidaing sideways inside the 1240-1260 areas yet a fall beneath 1240 may push it down to 1230-1225 levels. Close term looks bearish while in a general downtrend.

Daily Outlook 4-06-2014

EUR/USD was exchanging at 1.3627, up 0.22% at time of writing.the pair was prone to discover help at 1.3586, Thursday’s low, and safety at 1.3650, Friday’s high.meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP picking up 0.20% to hit 0.8136 and EUR/JPY climbing 0.33% to hit 139.69.

GBP/USD hit 1.6782 throughout U.s. morning exchange, the pair’s most elevated since May 28; the pair hence solidified at 1.6749, creeping up 0.01%. Link was prone to discover help at 1.6693, the low of May 29 and safety at 1.6816, the high of May 28.Australia’s first quarter GDP information climbed 1.1%, contrasted with a 1.0% addition expected.aud/USD exchanged at 0.9284, up 0.19%, after the information. Prior Australian AIG Group’s Services Index for May rose to 49.9 from a 48.6 perusing in April.

Gold costs picked up in Asia Wednesday on a bounce back from overnight with financial specialists hunt down interest signals. Gold costs bounce back marginally in Asia, interest signals wantedgold costs up in Asia

On the Comex division of the New York Mercantile Exchange, gold for August conveyance exchanged at $1,245.30 a troy ounce, up 0.06%.

The Coffee Beans are Jumping!

The substantial fluctuations in the price of coffee continues to make headlines as Brazil experiences its largest draught in 50 years and the US sees coffee rust devastate its plantations.

At present, Brazil and Vietnam are the biggest exporters of this impactful commodity, accounting for 60% of global exports. Vietnamese farmers have become quite savvy in the art of coffee production and it has become quite common for them to withhold production when they do not consider the market price to be good enough; hence deliberately influencing the price.

A slump in exports from the Sub-Saharan countries of Africa was also witnessed, and survival tactics may include developing ‘niche-markets’ , like Ethiopia and Kenya have already done in order to compete with the levels of Vietnam and Brazil. These niche markets refer to the production of high quality Arabica bean, like the one produced in Columbia.

So what is the future for coffee? It all boils down to consumption….interestingly enough, Europe, the more traditional coffee consumer, has been outpaced by the emerging markets, namely South America, which has experienced an increase of 136% in exports over the last 10 years, over taking the US and Canada. Asia has also increased its exports by 50% and the Middle East by 30%. This increase in production from these new markets will maintain the crisis and continue to push the price up, and the present figure of 2.25 billion coffee cups being drunk per day globally will continue to rise.

Coffee, a commodity to be watched carefully!

http://www.commexfx.com/the-coffee-beans-are-jumping-30052014/

Diana Minez of @CommexFX speaks about retail FX companies in Cyprus. #fx #forex

http://www.dukascopy.com/tv/en/#128506

Daily Outlook 2-06-2014

Euro (1.3628) has been attempting to make a bullish example like the Morning Star and may attempt to skip once more to 1.3700-30. Be that as it may the shortcoming stays in place beneath 1.3800 and any bob is required to face offering weight at the larger amounts.

Dollar-Yen (102.05) is near breaking over 102.15 to indicator an ascent towards the following safety at 102.75-103.00, even 103.50.

The Euro-Yen (139.04) has ricocheted from the significant backing at 138 and may rally to 139.40 or even 140 if Euro figures out how to fortify further against the Dollar. Underneath 138, the route to 136-135 opens up.

The shortcoming and misfortune of bullish energy in Pound (1.6744) is professed and now a dip to 1.6670-20 can’t be discounted. Anyway it stays to be checked whether the last trust for the bulls at 1.66 remaining parts ensured or not.

The Aussie (0.9263), in spite of the desires, has neglected to test the 0.94 levels and consequently stays stuck in the extent of 0.92-0.94 for the time being. Just a break of this reach of 0.92-0.94 may prepare any significant moves.

Gold (1248.41) and Silver (18.789) shrank on steady values and easier US GDP information, breaking 1257 obviously. Gold is prone to see help levels close to 1230-1225 on the off chance that it keeps falling with such force. Silver then again may test backing close to 18.5 from where it may bob over to 19-19.5 locale. Close term stays bearish.

Daily Outlook 30-05-2014

No indication of quality is noticeable yet in the Euro (1.3605) as it tests the trendline help at 1.3590-80 and may attempt to skip over to 1.3700-30. Be that as it may the shortcoming stays in place beneath 1.3800 and any skip is relied upon to face offering weight at the larger amounts.

Dollar-Yen (101.54) must break over 102.15 to climb higher towards the following safety at 102.75-103.00. Inside this expansive sideway run of 100.50-103.00, any quick bullish probability gets by till 101.20. The Euro-Yen (138.16) is likewise trying the last swing low close to 138 (additionally 200 DMA at 138.30) as all endeavors to break over 140 have fizzled so far and searches all set for a tumble to 136-135 in the following few sessions.

The shortcoming and misfortune of bullish energy in Pound (1.6733) is purported and now a dip to 1.6670-20 can’t be precluded. Be that as it may it stays to be checked whether the last trust for the bulls at 1.66 remaining parts ensured or not.

The Aussie (0.9313) looks all set to test the real safety region of 0.9400-50 yet a break over 0.94 may help it to move beyond the whole supply zone and push it up towards 0.96-0.97. A disappointment close to 0.94 would mean an alternate little plunge and all the more sideways move in the extent of 0.92-0.94.

Gold (1257.587) is steady for the present while in a downtrend and underneath 1261.10, it may fall towards 1225 in the nearing weeks. Testing a close term backing close to 1257-1260, shots of fall is higher.

CommexFX will be a platinum sponsor at the Jordanian Expo in June 2014 organised by JFEX

Once again JFEX will be holding its annual investment expo in Amaan, the city of the Hashemite Kingdom of Jordan on the 3rd and 4th June.

CommexFX leads the way by being the Platinum sponsor at this event; a showcase for an array of seminars, conferences and ideas. The JFEX is also a great opportunity for all industry leaders to mingle and exchange ideas on trading and investment related services. Due to the increased demand in the FX industry, the size of this event increases every year and as does its reputation.

Jordan is experiencing an industrial growth, being nominated by MENA as one of the best cities in the region as far as economic, labour, environmental and socio-cultural factors are concerned. It is an undisputed fact that a growing number of well-known international companies have entered the Jordanian market.

The event is expected to attract at least 2000 attendees, including important IBs, institutional and retail traders.

This excellent example of networking in an industry which is rapidly achieving popularity as well as international respect will be covered by journalists from all over the world, as well as local press from the MENA region.

For more information regarding the expo click here.

Daily Outlook 29-05-2014

Euro (1.3605) is trying the trendline help at 1.3590-80 and may attempt to bob once more to 1.3700-30. Anyway the shortcoming stays in place beneath 1.3800 and any skip is required to face offering weight at the larger amounts.

Dollar-Yen (101.68) has been pushed down precisely from our safety at 102.00-15 however a break over this safety is obliged to take it to the higher safety at 102.75-103.00.the Euro-Yen (138.35) is additionally trying the last swing low close to 138 (likewise 200 DMA at 138.30) as all endeavors to break over 140 have fizzled so far and searches all set for a tumble to 136-135 in the following few sessions.

The uptrend in Pound (1.6723) has been killed with this break of 1.6730 and now a dip to 1.6670-20 can’t be discounted. Presently it stays to be checked whether the last trust for the bulls at 1.66 remaining parts secured or not.

Aussie (0.9274) tried the help range at 0.9200-0.9180 at the end of the prior day bobbing strongly. Yet in any case we sit tight for a break past the more extensive reach of 0.92-0.94 which may handle the following significant directional move.

Gold (1257.126) has started a sharp fall which may focus on 1225 in the impending sessions. In spite of the fact that it is trying a close term backing close to 1257-1260, possibilities of breaking beneath is higher. Notwithstanding, in the event that it bobs back from current levels it may focus on 1280 preceding again continuing the fall. General our more extended term bearish perspective holds.

Daily Outlook 28-05-2014

Euro (1.3637) is attempting to discover some purchasing near the trendline help at 1.3590-80 and this endeavor, if fruitful, may take Euro higher to 1.3700-30. Be that as it may the shortcoming stays in place beneath 1.3800 and any bob is relied upon to face offering weight at the more elevated amounts.

Dollar-Yen (101.93) has been confronting offering weight precisely from our safety at 102.00-15 however a break over this safety is obliged to take it to the real supply zone at 102.75-103.00.the Euro-Yen (138.99) is in a sideways move in 138.50-139.50 in the wake of skipping from an imperative Support around 138.70-30 yet unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or considerably lower towards 136.

Pound (1.6812) has experienced a sharp adjustment recently however the uptrend stays in place for focuses of 1.70 as just a break underneath 1.6730 could nullify the uptrend and afterward a dip to sub-1.6600 levels would be on cards. Look for a break over 1.6900-20 for quality.

Aussie (0.9261) is attempting to keep afloat significant help territory of 0.9200-0.9180 after the sharp fall, yet the current structure stays frail. A break past the more extensive reach of 0.92-0.94 may transform the following significant directional move.

Gold (1264.68) drooped pointedly to 1261 yesterday, (falling more level than our normal 1280 levels) on superior to expected US information that may help the Federalreserve to further check boost. It is trying vital backing close to 1260 which if keeps may cut it down to 1280-1294 else it may confront the risk of falling towards 1230-1225 levels. General our perspective keeps on remainning bearish in the close term.

Daily Outlook 27-05-2014

Euro (1.3662) is making a Matching Low at 1.3613, near the trendline help at 1.3590-80 and this bob may take Euro higher to 1.3700-30. Anyway the shortcoming stays in place beneath 1.3800 and any skip is required to face offering weight.

Dollar-Yen (101.97) is trying our safety region of 102 and a break over 102.00-15 may take it to the real supply zone at 102.75-103.00.the Euro-Yen (139.29) is skipping from a critical Support around 138.70-30 however unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or significantly lower towards 136.

Pound (1.6864) has experienced a sharp rectification recently yet the uptrend stays in place for focuses of 1.70 as just a break beneath 1.6730 could refute the uptrend and after that a dip to sub-1.6600 levels would be on cards. Look for a break over 1.6900-20 for quality.

Aussie (0.9256) is attempting to keep afloat significant help zone of 0.9200-0.9180 after the sharp fall, however the current structure stays powerless. Are the Bulls thinking about a vast Cup & Handle breakout within a brief span of time?

Gold (1291.61) keeps on remainning steady inside the 1280-1304 locales. Unless we see a break on either side of the extent, further bearing can’t be dead set. Silver (19.391) is likewise steady however is trying urgent long haul backing close present levels hanging in the balance outline. This may prompt 19.66 again yet unless a break over 19.66 is seen, it may remain extent bound.

Hi Everyone i am officel representative from commexfx . if you have any any question regarding this broker feel free ask me here

About CommexFX

CommexFX is a fully regulated award-winning STP/ECN Forex Broker with an excellent reputation for offering financial services to both individual and institutional investors.

Founded on a solid base of professionalism and always striving to exceed in excellence, the satisfaction of our client is our target.

Our vision is simple: to offer our clients the very best trading conditions and expertise in order to make their trading experience both a pleasant and profitable one.

CommexFX strives to offer the best online trading conditions and tools, via state-of-the-art trading platforms, covering the world of forex, CFDs and commodities. All these markets can be accessed through a single CommexFX account.

When trading with CommexFX you have the security of trading in a safe and secure environment, due to the fact that it is regulated by the Cyprus Securities and Exchange Commission (CySEC), licence number 153/11.CommexFX is also governed by the Markets in Financial Instruments Directive (MiFID).We are also on the registers of the Financial Conduct Authority (FCA) and we subscribe to the Investor Compensation Fund (ICF).

Our fully transparent STP/ECN model takes pride in offering highly competitive spreads with zero price manipulation or third party intervention, coupled with high execution speeds through a market network of liquidity providers. The most technically advanced trading platforms,and mobile platforms, including the MetaTrader 4 (MT4), allow you to trade at anytime from anywhere.

Our team consists of committed professionals who are always on hand to assist you with all queries. Our customer multi-lingual support is available 24/5.

CommexFX has been awarded by various prestigious bodies at recent events; such as for ‘Best Online Platform’ at the 2013 CIOT EXPO China, for the ‘Best ECN Forex Broker’ at the November 2012 Mena Forex Awards Dubai as well as receiving the prestigious Global Banking And Finance Review Award for the 2012 Best ECN New Comer Asia.

Daily Outlook 23-05-2014

Euro (1.3651) continues exchanging at a 3-month low and any ricochet is required to face offering weight. It is trying a minor swing low at 1.3630 to keep the likelihood of an ascent alive yet more fall is not out of the ordinary towards sub-1.35 as long as it stays underneath 1.3800.

Dollar-Yen (101.78) bears neglected to break the long haul backing of 100.70-60 and got hit by a sharp skip of course. A break over 101.75-102.00 may bring back uptrend and augment the rally further towards 103.00.

Euro-Yen (138.94) is trying an essential Support here around 138.70-30 and could endeavor a bit of a skip. Be that as it may unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or much lower towards 136.

Pound (1.6869), the strongest among the real coinage now, searches set for further climb to 1.70-71 as long it exchanges over 1.6730. Just a break beneath 1.6730 could refute the uptrend and afterward a dip to sub-1.6600 levels would be on cards.

Aussie (0.9247) is attempting to keep afloat significant help territory of 0.9200-0.9150 after the sharp fall. Anyway the current structure indications at more downmove towards 0.8950 on a break underneath 0.9150.

Gold (1294.96) attempted to climb over 1300 yet returned to test channel backing close to 1290 as Dollar fortifies against significant monetary forms. Close term combining may proceed with yet further course can’t be guaranteed unless a maintainable break on either side of the 1280-1310 locales is seen.

Daily Outlook 21-05-2014

Dollar-Yen (101.21) made a low at 101.10 close to the significant backing of 101.20. It is a critical time as the bears must push it down to the long haul help at 100.70-60 or else they may run the danger of a sudden upward move whenever.

The Euro-Yen (138.70) is in an affirmed significant downtrend now. It is trying an essential Support here around 138.70-30 and could endeavor a bit of a skip. At the same time unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or considerably lower towards 136.

The Euro (1.3702) is demonstrating no confirmation of quality significantly in the wake of holding over the backing of 1.3650. Despite the fact that the likelihood of ascent still makes due over 1.3650, expect more vertical fall towards sub-1.35 on a break underneath 1.3650.

The Pound (1.6840) has skiped forcefully from 1.6731 and keeps the long haul uptrend in place. However a break beneath 1.6730 could discredit the uptrend and after that a dip to sub-1.6600 levels would be on cards.

The Aussie (0.9233) has broken beneath 0.93 forcefully and presently testing the significant help territory of 0.9200-0.9150. However the current structure indications at conceivable downmove towards 0.8950 on a break beneath 0.9150.

Gold (1294.149) and Silver (19.432) are stable for now and may continue to remain ranged but are currently testing channel resistance near current levels. The Gold-Silver ratio (66.55) has been overall rising since mid-Feb’2014 and may target higher towards 67.50 in the near term. This may suggest a near term rise in Gold while Silver may remain range-bound. Overall long term trend is down.

Last week low Pairs are Nearly to get important supports.

Dollar-Yen (101.54) quickly broke underneath the real help zone of 101.30-20 to make a low at 101.10 preceding bobbing back. It is an extremely pivotal time as the bears must push it down to the following long haul help at 100.70-60 or else they may run the danger of a sudden upward move whenever

The Euro-Yen (139.24) is in an affirmed significant downtrend now. It is trying a paramount trendline Support here and could organize a bit of a skip. Anyway unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94.

The Euro (1.3713) is attempting to skip from the real trendline help at 1.3646. Expect close term Support at 1.3690 and endeavors to climb towards 1.3760 while Support at 139.25 hangs on the Euro-Yen.

The Pound (1.6817) has skiped strongly from 1.6731 and keeps the long haul uptrend in place. A break beneath 1.6730 could refute the uptrend and afterward a dip to sub-1.6600 levels might be on cards.

The Aussie (0.9306) is trying the more level end of its 2-week extent of 0.93-0.94. Just a break underneath 0.9280-70 will invalidate the bullish probability yet a ricochet from here may in any case take it to 0.95+.

Gold (1294.16) and Silver (19.377) keeps on remainning ran inside 1280-1315 and 19-19.7 areas separately. Unless a break from these zones the metals may keep up the sideways combining for a couple of more sessions. General the long haul downtrend is in energy.

Daily Outlook 9-05-2014

The Euro (1.3837) has fallen off forcefully from a high close to 1.3994 on Draghi’s clues of maneuvering in June. The absence of take after-through purchasing over 1.3967 emulated by the fall beneath 1.3900 could be an indication of longer term shortcoming, however a break underneath 1.3780 is required to affirm.

The Pound (1.6918) keeps up relative quality over 1.6900 despite the fact that it has been seeing benefit-taking from 1.6996 throughout the most recent three days. The medium-term pattern stays up, however Support at 1.6880 needs to hold today keeping in mind the end goal to maintain a strategic distance from a dip towards 1.6780 one week from now. The EUR-GBP (0.8178) keeps on falling and debilitates to break underneath past low close to 0.6158.

Dollar-Yen (101.70) has been discovering Trendline Support simply over 101.35 this week however needs to climb past 102.20 so as to restore quality in the more extended term bullish pattern. Else, there may be close-term risk of a break beneath 101.35 which could prompt a test of more significant long haul-Support at 100.70. Be that as it may, that the Euro-Yen (140.73) has fallen off pointedly from 142.36 (on the Euro’s fall) will make it hard for Dollar-Yen to climb altogether.

The Aussie (0.9359) is seeing some benefit-taking simply underneath 0.94, however has paramount Support at 0.9340. It keeps on lookking generally solid against the Euro, Yen and Pound along these lines may have the capacity to stand moderately firm against the Dollar also.

Gold (1289.555) dropped pointedly as safety close to 1315.32 holds well. The increases in values have checked interest for the metal as it exchanges more level for the third continuous session. Essential Support in the 1290-1279 area may help it to skip towards 1325. In any case, a break beneath 1279, if seen, could bring a tumble to 1260 on the downside.

The Euro (1.3835) is attempting to ricochet from our help zone of 1.3790-60 and rally higher over 1.3865. From the more extensive viewpoint, for real increase it need to break over 1.40 and all the while Dollar Index must break underneath 79.

Dollar-Yen (102.42) has been pushed down a bit by the safety at 102.75-103.00 of course however without any genuine energy. It has figured out how to hold over 101.50-20 so far to stay in the 10 week long wide extend of 101-104. We continue viewing the long haul help at 100.75-50 for significant moves.

The Euro-Yen Cross (141.70) is trying our safety of 141.65-90 in the wake of discovering purchasing backing from 140.50-139.50 of course. Right away a break over 141.65-142.00 may take it higher towards the real safety of 143.50.

Pound (1.6806) has completed the little remedy and continued its real uptrend in accordance with our desire. It may achieve 1.7000-50 in the following 1-2 weeks as the fleeting force remains in place over 1.6730-10.

Aussie (0.9271) broke underneath 0.9300 to test 0.9250 levels and may face offering weight on all mobilizes now work it figures out how to break over 0.9380-0.9400. Significant backings are at 0.9200 and afterward 0.91340-30.

Gold (1292.41) skiped from backing close to 1270 levels as wanted and may now climb towards 1300-1310 while still inside the general downtrend.

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Technical Analysis 31 Jan 2013

http://www.tradingforex.com/blog/images/thursday/eur%20usd.gif

Rising higher through the break of 1.3468, EURUSD has opened scope for associate extension higher towards 1.3615. the present technical run-up still keeps 1.3771 medium targets intact. Any retracement at now can possible target the 1.3500 figure.

Support levels: 1.3540 1.3510 1.3480

Resistance levels: 1.3580 1.3620 1.3660

http://www.tradingforex.com/blog/images/thursday/gbp%20usd.gif

GBPUSD has broken through resistance at 1.5761, disposition to extra side within the worth action for the short term. However, associatey extent further} momentum remains addicted to an side penetration of the 1.5822 Gregorian calendar month fifteenth session low.

Support levels: 1.5785 1.5740 1.5700

Resistance levels: 1.5820 1.5860 1.5900

http://www.tradingforex.com/blog/images/thursday/usd%20jpy.gif

Resistance at 91.50 remains hovering over GBPUSD worth action, disposal a pessimistic bias on the currency. However, the very fact that the foremost combine wasn’t able to shut below the 90.56 Jan twenty eighth session low is decreasing the pessimistic sentiment. explore for any short term correction to focus on 90.

Support levels: 90.70 90.30 89.80

Resistance levels: 91.20 91.60 92.00

http://www.tradingforex.com/blog/images/thursday/aud%20usd.gif

AUDUSD didn't rise more through 1.0478 resistance, sparking a downward move towards 1.0400 support within the session. With the combine already breaking through 1.0447 support, more draw back will be anticipated for the foremost combine towards 1.0300.

Support levels: 1.0420 1.0380 1.0330

Resistance levels: 1.0470 1.0500 1.0540

Technical Analysis 30 Jan 2013

http://www.tradingforex.com/blog/images/wednesday/eur%20usd.gif

EURUSD closed higher than 1.3472 resistance on the session, indicative of more bullish momentum within the close to term. As a result, traders can doubtless be eyeing following viable resistance level at 1.3600. Any correction control command trapped by the 1.3407 figure.

Support Levels 1.3353 1.3384 1.3437

Resistance Levels 1.3521 1.3552 1.3605

http://www.tradingforex.com/blog/images/wednesday/gbp%20usd.gif

Finding support via 1.5683, GBPUSD prospects for a bounce higher stay intact. additional extension higher can embody a check of 1.5815 within the short term. an opportunity higher than the resistance barrier would activate expectations towards 1.5900.

Support Levels 1.5614 1.5650 1.5704

Resistance Levels 1.5794 1.5830 1.5884

http://www.tradingforex.com/blog/images/wednesday/usd%20jpy.gif

Resistance at 91.50 remains hovering over GBPUSD value action, disposal a pessimistic bias on the currency. However, the very fact that the key try wasn’t able to shut below the 90.56 Gregorian calendar month twenty eighth session low is decreasing the pessimistic sentiment. search for any short term correction to focus on ninety.

Support Levels 89.67 90.00 90.38

Resistance Levels 91.08 91.41 91.79

http://www.tradingforex.com/blog/images/wednesday/aud%20usd.gif

AUDUSD bust back through key resistance via the 1.0450 figure, loaning to some short term bullishness on the session. afterwards, the side penetration has to boot opened scope for a move to 1.0500 within the close to term. Any converse correction can possible target the 1.0425 figure.

Support Levels 1.0356 1.0380 1.0424

Resistance Levels 1.0492 1.0516 1.0560

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Technical Analysis 28 Jan 2013

http://www.tradingforex.com/blog/images/monday/eur%20usd.gif

EURUSD finally broke through the vary sure channel that has preoccupied the currency pair for the last fortnight. currently higher through 1.3400, the only currency has the potential to understand towards 1.3550 resistance. However, the notion remains captivated with an in depth on top of 1.3477 resistance.

Support Levels 1.3381 1.3299 1.3250

Resistance Levels 1.3512 1.3561 1.3643

http://www.tradingforex.com/blog/images/monday/gbp%20usd.gif

Although rebounding off of 1.5766 support, GBPUSD technical bias remains pessimistic. supportive of the notion remains the pair’s inability to rise back on top of the 1.5820 resistance barrier. Next up for bears are 1.5734 support.

Support Levels 1.5757 1.5711 1.5675

Resistance Levels 1.5839 1.5875 1.5921

http://www.tradingforex.com/blog/images/monday/usd%20jpy.gif

USDJPY skyrocketed through 90.50 resistance, disposal a apparently perpetual bullishness over the currency pair. afterwards, the move opens scope for an advance on the 92 figure. Any retracement at this time would target the 90.50 support figure.

Support Levels 90.50 89.93 89.58

Resistance Levels 91.43 91.78 92.35

http://www.tradingforex.com/blog/images/monday/aud%20usd.gif

Bearish mercantilism remained intact for the session, suppressing any advances by the dollar. Technically, the try has broken through key support via the 1.0425 figure. The penetration purports additional declines towards 1.0361 support.

Support Levels 1.0384 1.0359 1.0315

Resistance Levels 1.0453 1.0497 1.0522