alayoua Posted March 19, 2012 Author Report Share Posted March 19, 2012 Daily Forex Market by FXCC 19Mar2012 EUR/USD in tight range above 1.3000 level during Asia EUR/USD keeps trading in late Asia-Pacific quite limited at 1.3169 between highs at 1.3186 and lows at 1.3162 for all session being so far in the start of the week. GBP/USD is holding onto Friday's firm gains as trading gets underway this Monday, last at 1.5840 versus 1.5830 at the end of trading in NY, having traded a tight 1.5828/50 range so far today. After reaching an 11-month high of 84.17 last week, USD/JPY has pulled back and now trades, at 83.50 in Asia, up from 83.37 at the end of trading late Friday. To the downside, support levels lie at 83.40, 83.10 and 82.80, while, to the upside, resistance levels lie at 83.80, 84.15 and 84.50. AUD/USD climbed to a 6-day high of 1.0614 Monday in the Asia-Pacific, last quoted around the 1.0600 mark from 1.0580 as it drifts sideways as RBA Governor Stevens' speaks at the Asian investment conference.The New Zealand dollar touched a 7-day high against the greenback on Monday, jumping to 0.8274 from 0.8234 late in the New York session on Friday. Last at 0.8256, resistance is noted at 0.8320 (27 Feb low), while support lies at 0.8192 (22 June high). Read More https://support.fxcc.com/email/technical/19032012/ UPCOMING EVENTS 2012-03-19 09:00 GMT | European Monetary Union Current Account s.a (Jan) 2012-03-19 09:00 GMT | European Monetary Union Current Account n.s.a (Jan) 2012-03-19 09:00 GMT | Italy Industiral Orders n.s.a (YoY) (Jan) 2012-03-19 10:00 GMT | European Monetary UnionConstruction Output s.a (Jan) FOREX NEWS 2012-03-19 05:26 GMT | EUR/USD in tight range during Asia 2012-03-19 05:11 GMT | AUD/USD hovers around 1.0600 as Stevens speaks 2012-03-19 00:31 GMT | GBP/USD consolidating below 1.5850 2012-03-19 00:01 GMT | USD/JPY dowside limited while above 83.10 --------- EURUSD : 1.31686 / 1.31694 DAILY WEEKLY MONTHLY 1.3378 | 1.3324 | 1.3273 | 1.3189 1.3119 | 1.3048 | 1.3003 | 1.2954 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis After the EURUSD formed a bottom 1.3003 (S3) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3189 (R1). If it breaks above that level we can expect a target at 1.3273 (R2). On the other hand if a break occurs below the first support at 1.3119 (S1) expect the price to retest 1.3048 (S2) and any further fall will then be limited to 1.3003 (S3) a strong technical and psychological level for the bulls as it has been retested in the past (Feb. 2012) without succeeding to break below it. --------- GBPUSD : 1.58431 / 1.58447 DAILY WEEKLY MONTHLY 1.5997 | 1.5967 | 1.5912 | 1.5861 1.5787 | 1.5734 | 1.5654 | 1.5605 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD gained momentum and rose forming a new top at 1.5861 and after then fell and since last night is moving in a consolidation mode. If a break occurs above the first resistance level at 1.5861 (R1) it would suggest a target at 1.5912 (R2) and any further rise will then be limited to 1.5967 (R3). If it fails to break above the first resistance level we expect the price to retest 1.5787 (S1). A break below that level would suggest a target at 1.5734 (S2) and any further fall with then focus on 1.5654 (S3). --------- USDJPY : 83.369 / 83.379 DAILY WEEKLY MONTHLY 84.92 | 84.57 | 84.18 | 83.81 83.17 | 82.58 | 81.94 | 81.14 SUMMARY : Up TREND : Up trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY has been moving upwards since the beginning of March and the bulls face a major hurdle at the 84.18 level (resistance), a level that is significant both psychologically and technically. A break above 83.81 (R1) would suggest a target at 84.18 (R2) a year high. On the other hand a break below 83.17 and we expect the price to retest 82.58 (S2) and any further fall with then be limited to 81.96 (S3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 19, 2012 Author Report Share Posted March 19, 2012 Daily Forex Market by FXCC 19Mar2012 EUR/USD in tight range above 1.3000 level during Asia EUR/USD keeps trading in late Asia-Pacific quite limited at 1.3169 between highs at 1.3186 and lows at 1.3162 for all session being so far in the start of the week. GBP/USD is holding onto Friday's firm gains as trading gets underway this Monday, last at 1.5840 versus 1.5830 at the end of trading in NY, having traded a tight 1.5828/50 range so far today. After reaching an 11-month high of 84.17 last week, USD/JPY has pulled back and now trades, at 83.50 in Asia, up from 83.37 at the end of trading late Friday. To the downside, support levels lie at 83.40, 83.10 and 82.80, while, to the upside, resistance levels lie at 83.80, 84.15 and 84.50. AUD/USD climbed to a 6-day high of 1.0614 Monday in the Asia-Pacific, last quoted around the 1.0600 mark from 1.0580 as it drifts sideways as RBA Governor Stevens' speaks at the Asian investment conference.The New Zealand dollar touched a 7-day high against the greenback on Monday, jumping to 0.8274 from 0.8234 late in the New York session on Friday. Last at 0.8256, resistance is noted at 0.8320 (27 Feb low), while support lies at 0.8192 (22 June high). Read More https://support.fxcc.com/email/technical/19032012/ UPCOMING EVENTS 2012-03-19 09:00 GMT | European Monetary Union Current Account s.a (Jan) 2012-03-19 09:00 GMT | European Monetary Union Current Account n.s.a (Jan) 2012-03-19 09:00 GMT | Italy Industiral Orders n.s.a (YoY) (Jan) 2012-03-19 10:00 GMT | European Monetary UnionConstruction Output s.a (Jan) FOREX NEWS 2012-03-19 05:26 GMT | EUR/USD in tight range during Asia 2012-03-19 05:11 GMT | AUD/USD hovers around 1.0600 as Stevens speaks 2012-03-19 00:31 GMT | GBP/USD consolidating below 1.5850 2012-03-19 00:01 GMT | USD/JPY dowside limited while above 83.10 --------- EURUSD : 1.31686 / 1.31694 DAILY WEEKLY MONTHLY 1.3378 | 1.3324 | 1.3273 | 1.3189 1.3119 | 1.3048 | 1.3003 | 1.2954 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis After the EURUSD formed a bottom 1.3003 (S3) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3189 (R1). If it breaks above that level we can expect a target at 1.3273 (R2). On the other hand if a break occurs below the first support at 1.3119 (S1) expect the price to retest 1.3048 (S2) and any further fall will then be limited to 1.3003 (S3) a strong technical and psychological level for the bulls as it has been retested in the past (Feb. 2012) without succeeding to break below it. --------- GBPUSD : 1.58431 / 1.58447 DAILY WEEKLY MONTHLY 1.5997 | 1.5967 | 1.5912 | 1.5861 1.5787 | 1.5734 | 1.5654 | 1.5605 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD gained momentum and rose forming a new top at 1.5861 and after then fell and since last night is moving in a consolidation mode. If a break occurs above the first resistance level at 1.5861 (R1) it would suggest a target at 1.5912 (R2) and any further rise will then be limited to 1.5967 (R3). If it fails to break above the first resistance level we expect the price to retest 1.5787 (S1). A break below that level would suggest a target at 1.5734 (S2) and any further fall with then focus on 1.5654 (S3). --------- USDJPY : 83.369 / 83.379 DAILY WEEKLY MONTHLY 84.92 | 84.57 | 84.18 | 83.81 83.17 | 82.58 | 81.94 | 81.14 SUMMARY : Up TREND : Up trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY has been moving upwards since the beginning of March and the bulls face a major hurdle at the 84.18 level (resistance), a level that is significant both psychologically and technically. A break above 83.81 (R1) would suggest a target at 84.18 (R2) a year high. On the other hand a break below 83.17 and we expect the price to retest 82.58 (S2) and any further fall with then be limited to 81.96 (S3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 20, 2012 Author Report Share Posted March 20, 2012 Daily Forex Market by FXCC 20Mar2012 GBP/USD pressured ahead of key CPI data EUR/USD has been on corrective mode all Asian trade long, printing lows at 1.3225 and highs at 1.3243, last at 1.3231. Local share markets are mostly in the red, with Japan on holiday, following gas prices rising in China, and comments from BHP on slowing iron demand from China, which has sent Aussie lowest for the week, triggering some USD rally across the board. Oil and gold also trade at session lows while these lines are being written.GBP/USD traded down to 1.5865 during the Asia-Pacific session Tuesday, as risk appetite waned and investors favored the safety of the US dollar as Asian stocks traded in red. AUD/USD has come under renewed selling pressure in Asia as traders react negatively to comments from an executive at BHP, sliding sharply from it session high of 1.0623 to a fresh session low of 1.0575 and threatening to edge lower. Read More https://support.fxcc.com/email/technical/20032012/ UPCOMING EVENTS 2012-03-20 07:00 GMT | Germany Producer Price Index (YoY) (Feb) 2012-03-20 07:00 GMT | Germany Producer Price Index (MoM) (Feb) 2012-03-20 09:30 GMT | United Kingdom Consumer Price Index (YoY) (Feb) 2012-03-20 09:30 GMT | United Kingdom Retail Price Index (YoY) (Feb) FOREX NEWS 2012-03-20 05:31 GMT | EUR/USD in corrective mode above 1.3220 in Asia 2012-03-20 05:25 GMT | GBP/USD pressured ahead of key CPI data 2012-03-20 02:31 GMT | EUR/AUD hit fresh 5-day highs above 1.2510 2012-03-20 02:11 GMT | AUD/USD back under pressure on BHP comments --------- EURUSD : 1.32332 / 1.32343 DAILY WEEKLY MONTHLY 1.3421 | 1.3378 | 1.3324 | 1.3264 1.3189 | 1.3119 | 1.3048 | 1.3003 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis EURUSD rise from 1.3150 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just below of our recommended target ending our day with profits (+48 pips)!! After the price formed a top at 1.3264 (R1), the price fell and now is moving above our first support level. We expect the price to move upwards and retest the March high at 1.3264 (R1). Look for long positions at 1.3264 targeting 1.3291 (R2). A stop loss should be placed at 1.3224. --------- GBPUSD : 1.58690 / 1.58706 DAILY WEEKLY MONTHLY 1.6034 | 1.5997 | 1.5967 | 1.5913 1.5819 | 1.5734 | 1.5654 | 1.5605 SUMMARY : Up TREND : Up trend MA10 : Neutral MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD gained momentum in yesterday’s session and formed a higher bottom and top, successfully penetrating yesterday's target ending our day with 36 pips of profit! After that the price found a strong resistance at 1.5913 (R1), a yearly high. We expect the price to move upwards but only a break above 1.5913 (R1) will give as a confirmation for long positions targeting 1.5967 (R2). --------- USDJPY : 83.434 / 83.442 DAILY WEEKLY MONTHLY 84.92 | 84.57 | 84.18 | 83.81 83.00 | 82.58 | 81.94 | 81.14 SUMMARY : Neutral TREND : Sideway MA10 : Bullish MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 21, 2012 Author Report Share Posted March 21, 2012 Daily Forex Market by FXCC 21Mar2012 EUR/USD ends Asian trade above Monday highs EUR/USD is currently at 1.3267 retreating from session highs at 1.3283, highest since March 08, still up for the session +0.30% and +0.71% for the week. European futures point for a higher open following the run up in US futures in after hours, and the rise in commodities during the Asian trade, although local share markets have traded in a mixed way with mostly all indexes in the red, Nikkei lower near session lows by -0.59%.At the start of trading this Wednesday, USD/JPY is trading a tight 83.52-83.72 range, last at 83.60 with support levels noted at 83.30, 83.10 and 82.80, while resistance is seen at 83.80, 84.15 and 84.45. AUD/USD has given up all of its earlier gains this Wednesday in Asia, coming off hard from its 1.0525 intraday high to levels back near its starting price at 1.0477.After consolidating above the 0.8300 handle for the last week, EUR/GBP has recently broken to the upside and has risen to a 6-day high of 0.8358 this Wednesday in Asia, last quoted at 0.8355, up 20 pips above its opening price. Read More https://support.fxcc.com/email/technical/21032012/ UPCOMING EVENTS 2012-03-21 09:30 GMT | United Kingdom Bank of England Minutes 2012-03-21 09:30 GMT | United Kingdom Public Sector Net Borrowing (Feb) 2012-03-21 12:00 GMT | Canada Leading Indicators (MoM) (Feb) 2012-03-21 13:30 GMT | United States Fed's Bernanke Speech FOREX NEWS 2012-03-21 05:45 GMT | EUR/USD ends Asian trade above Monday highs 2012-03-21 05:36 GMT | GBP/USD limited below 1.5900 ahead of Europe 2012-03-21 02:50 GMT | EUR/GBP climbs to 6-day high near 0.8360 2012-03-21 02:09 GMT | EUR/JPY limited below 111.00 figure ------------- EURUSD : 1.32737 / 1.32747 DAILY WEEKLY MONTHLY 1.3421 | 1.3378 | 1.3324 | 1.3283 1.3235 | 1.3189 | 1.3119 | 1.3048 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD gained momentum and formed a higher top, successfully penetrating yesterday's resistance making a new high at 1.3283 (R1). The pair is moving upwards and we expect the price to continue its uptrend but only a break above 1.3283 (R1) will give as a confirmation for long positions targeting 1.3324 (R2). As far as the price is below 1.3283 (R1) we remain flat. -------------- GBPUSD : 1.58827 / 1.58836 DAILY WEEKLY MONTHLY 1.6034 | 1.5997 | 1.5967 | 1.5913 1.5819 | 1.5734 | 1.5654 | 1.5605 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD fell on yesterday’s trading session and was supported at 1.5819 (S1) a strong technical level. The price then rose and was able to close in the middle of first support and resistance level and now it seems that the price is gaining momentum. A break above 1.5913 (R1) would suggest a target at 1.5967 (R2) and further rise will be limited at 1.5997 (R3). Look for long positions at 1.5913 targeting recommended resistance levels. ------------- USDJPY : 83.682 / 83.689 DAILY WEEKLY MONTHLY 84.92 | 84.57 | 84.18 | 83.81 83.00 | 82.58 | 81.94 | 81.14 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY didn’t made any significant moves in yesterday’s trading session and is still trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 22, 2012 Author Report Share Posted March 22, 2012 Daily Forex Market by FXCC 22Mar2012 GBP/USD bracketed between 1.5855/82 ahead of key UK data EUR/USD is currently at 1.3230 slightly off session highs, before worse than expected Chinese PMI figures came out at 48.1. The Euro has been relatively well supported specially against AUD given the risk-off round in the Asia-Pacific market after the PMI data, lifting EUR/AUD to fresh 2012 highs at 1.2737. The pair holds onto +0.19% gains since session started, still below 0.618 retrace of yesterday's leg down 1.3285/1.3178. GBP/USD traded a limited range between 1.5855 and 1.5882 during the Asia-Pacific session, last quoted just a few pips below its starting price this Thursday at 1.5867.In the European session ahead, risk event for the Pound will be February UK Retail Sales data due for release at 0930 GMT, considered one of the most important consumer indicators. The Australian dollar (AUDJPY) is sliding across the board this Thursday in Asia after a surprisingly weak reading of China's HSBC Flash PMI, reigniting concerns of a sharp slowdown in the world's second largest economy, shrinking in March for a fifth successive month to 48.1. The EURJPY after remaining well on course for the 111.57 intervention high, the pair had a violent turnaround on Wednesday, courtesy of heavy yen buying across the board, taking the rate as low as 110.03 post NY close and even extending to new lows at 109.87 post trade balance results in Japan, which came better than expected due to an increase in US car sales and steel exports. Read More https://support.fxcc.com/email/technical/22032012/ UPCOMING EVENTS 2012-03-22 09:00 GMT | EU Purchasing Manager Index Manufacturing (Mar) Preliminar 2012-03-22 09:00 GMT | EU Purchasing Manager Index Services (Mar) Preliminar 2012-03-22 09:30 GMT | United Kingdom Retail Sales (YoY) (Feb) 2012-03-22 09:30 GMT | United Kingdom Retail Sales ex-Fuel (YoY) (Feb) FOREX NEWS 2012-03-22 06:01 GMT | EUR/USD at session highs in late Asia 2012-03-22 04:14 GMT | USD/JPY still above 83.00 2012-03-22 02:30 GMT | China HSBC Manufacturing PMI declines to 48.1 in Mar 2012-03-22 00:03 GMT | Japan: Feb Merchandise Trade Balance surprisingly srtong at Y32.9B ---------------- EURUSD : 1.32450 / 1.32459 DAILY WEEKLY MONTHLY 1.3343 | 1.3371 | 1.3325 | 1.3284 1.3177 | 1.3119 | 1.3048 | 1.3003 SUMMARY : Neutral TREND : Sideway MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD has been moving upwards since the middle of March and the bulls face a major hurdle at the 1.3284 level (resistance), a level that is significant both psychologically and technically. A break above 1.3284 (R1) would suggest a target at 1.3325 (R2) and further rise will then be limited at 1.3371 (R3). On the other hand if the price manages to stay below our first resistance level then we expect the price to retest 1.3177 (S1) and a break below that level the expected target is at 1.3119 (S2). ----------------- GBPUSD : 1.58725 / 1.58738 DAILY WEEKLY MONTHLY 1.6048 | 1.5995 | 1.5968 | 1.5913 1.5816 | 1.5734 | 1.5654 | 1.5605 SUMMARY : Neutral TREND : Sideway MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD rise and find a strong resistance at 1.5913 (R1) and after that it trapped in a trading range between this level and 1.5816 (S1). A break in either direction will determine our trading bias for today. A break below 1.5816 (S1), the expected target is at 1.5734 (S2). On the other hand if the pair gain momentum to the upwards and breaks above 1.5913 (R1) would suggest target at 1.5968 (R2). ------------ USDJPY : 83.300 / 83.306 DAILY WEEKLY MONTHLY 85.72 | 85.21 | 84.67 | 84.18 83.00 | 82.58 | 81.94 | 81.51 SUMMARY : Neutral TREND : Sideway MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY retested the 84.18 twice without succeeding to break above it with a result to trapped in a trading range between 84.18 (R1) and 83.00 (S1). A break below 83.00 (S1) would suggest target at 82.58 (S2) and further fall will then be limited at 81.94 (S3). On the other hand if the price rises from the current level we expect to retest first resistance for third time. Look for short positions at 83.00 level targeting support levels. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 23, 2012 Author Report Share Posted March 23, 2012 Daily Forex Market by FXCC 23Mar2012 EUR/USD little changed in Asia holds at 1.3200 EUR/USD is trading at 1.3200 as last, entering the final hours of the Asia-Pacific session slightly off from highs around 1.3211/13 and still limited below 0.5 retrace of yesterday's European morning sell off. The pair has seen little movement in current session with less than 20 pips range from bottom to top. Local share markets trade mostly in the big red, with US futures slightly above yesterday's highs pointing for a modest recovery in European equity markets.The pound took a massive hit on risk aversion on Thursday following the release of weaker-than-expected UK retail sales data, suggesting continued weakness from consumers.GBP/USD reached 1.5770 before bouncing higher, ending the NA session at 1.5819, down from 1.5871. After a sharp drop to a 2-week low of 85.35 overnight, AUD/JPY has been relatively bid this Friday, climbing to a session high of 86.23 from 85.70 at the Asian open.AUD/USD holds a bid tone this Friday in early Asia following its drop to a two-month low of 1.0335 overnight, having fell alongside stocks and commodities. The bull pressure suggests that a correction is underway, and the pair has risen to levels above 1.0400. Read More https://support.fxcc.com/email/technical/23032012/ UPCOMING EVENTS 2012-03-23 09:30 GMT | United Kingdom BBA Mortgage Approvals (Feb) 2012-03-23 11:00 GMT | Canada Consumer Price Index (MoM) (Feb) 2012-03-23 11:00 GMT | Canada Bank of Canada Consumer Price Index Core 2012-03-23 11:00 GMT | Canada Consumer Price Index (YoY) (Feb) FOREX NEWS 2012-03-23 04:54 GMT | EUR/USD little changed in Asia holds above 1.3200 2012-03-23 03:40 GMT | AUD/JPY climbs above 86.00 2012-03-23 00:28 GMT | AUD/USD back above 1.0400 2012-03-23 00:01 GMT | UK Nationwide Consumer Confidence falls to 44 in Feb EURUSD : 1.31981 / 1.31990 DAILY WEEKLY MONTHLY 1.3371 | 1.3325 | 1.3284 | 1.3213 1.3177 | 1.3133 | 1.3048 | 1.3003 SUMMARY : Down TREND : Down trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD fell and formed a new bottom at 1.3133 (S2). After that the price rebounded and was able to break above yesterday’s resistance and it seems it will re-test a high soon. A break above the first resistance at 1.3213 (R1) would suggest a target of 1.3284 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.3325 (R3). On the other hand, if the price does not manage to break above 1.3213 (R1) we can expect the pair to retest support at 1.3177 (S1) and a break below that level would suggest target at 1.3133 (S2). GBPUSD : 1.58144 / 1.58163 DAILY WEEKLY MONTHLY 1.6013 | 1.5968 | 1.5913 | 1.5831 1.5784 | 1.5734 | 1.5654 | 1.5605 SUMMARY : Down TREND: Down trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD made a high at 1.5913(R2) as it continued its move upwards since middle of March. A break above 1.5831 (R1) would suggest March high at 1.5913 (R1) a level that has been retested twice but without managing to break above it. On the other hand a break below 1.5784 (S1) would suggest target at 1.5734 (S2) and further fall will then be limited at 1.5654 (S3). USDJPY : 82.761 / 82.769 DAILY WEEKLY MONTHLY 84.57 | 84.18| 83.44 | 83.00 82.32 | 81.94 | 81.51 | 81.00 SUMMARY : Down TREND : Down trend MA10 : Neutral MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis USDJPY moved downwards and successfully penetrated our yesterday’s support forming a new low at 82.32 (S1) and after that rise and closed below of our first resistance. The pair is under bearish pressure since the price made a high at 84.15 (R3) and retested it twice without succeeding to break above it with a resulting reversal and downwards move. A break below the 82.32 (S1) level would suggest a target at 81.94 (S2) and a further fall will then focus on 81.51 (S3). We believe the pair will continue the downward move and will find a strong support at 81.00 (S4) a significant technical and psychological level. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 26, 2012 Author Report Share Posted March 26, 2012 Daily Forex Market by FXCC 26Mar2012 GBP/USD threatening to test bids below 1.5850 GBP/USD dropped from an earlier high of 1.5880 to a recent session low of 1.5850 ahead of the European opening, last quoted near the bottom of the range at 1.5855, recording a 0.9% loss so far this Monday.USD/JPY held firm on Monday in the Asia-Pacific, trading up to 82.76 from 82.40 past Friday, last at 82.68, up 0.4% on the day. Technically speaking, overall, the pair is retreating from recent multi-month highs in the 84.15 zone and may be looking to correct lower.UR/USD is currently breaking to fresh session lows last at 1.3259, lower from previous weekly close past Friday 10 pips above, with session highs at 1.3285 GBP/JPY is currently at 131.28, near session highs 10 pips above, and still below Friday's highs at 131.50. The cross is up +0.45% since last week's close, with Cable slightly lower from same close, and USD/JPY at session highs above 82.50. Read More https://support.fxcc.com/email/technical/26032012/ UPCOMING EVENTS 2012-03-26 08:00 GMT | Germany IFO - Business Climate (Mar) 2012-03-26 08:00 GMT | Germany IFO - Current Assessment (Mar) 2012-03-26 08:00 GMT | Germany IFO - Expectations (Mar) 2012-03-26 n/a | United Kingdom Nationwide Housing Prices n.s.a (YoY) FOREX NEWS 2012-03-26 02:11 GMT | GBP/JPY near session highs above 131.20 2012-03-26 02:02 GMT | AUD/USD back below 1.0450 2012-03-26 00:46 GMT | GBP/USD capped below 1.5880 in Asia 2012-03-26 00:12 GMT | USD/JPY inching higher, hits 82.70 EURUSD : 1.32552 / 1.32558 DAILY WEEKLY MONTHLY 1.3441 | 1.3382 | 1.3325 | 1.3284 1.3220 | 1.3177 | 1.3133 | 1.3048 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD formed a high at 1.3284 (R1) profiting on all our targets recommended in yesterday’s analysis gaining a total of 71 pips!! After that the pair fell and it now seems that it is going to retest 1.3284 (R1) soon, a level that have been retest 3 times in the past (March). A break above that level will be suggesting target at 1.3325 (R2) and further rise will then be limited at 1.3382 (R3). On the other hand if price manage to break below 1.3220 (S1) we will then expect the price to retest 1.3177 (S2) and then further fall will then approach towards 1.3133(S3). GBPUSD 1.58548 / 1.58562 DAILY WEEKLY MONTHLY 1.6054 | 1.6013 | 1.5968 | 1.5913 1.5817 | 1.5769 | 1.5728 | 1.5654 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD rise and retested for third time our resistance level at 1.5913 (R1) without succeeding to break above it ending our day with half portion of profits (41 pips). We except the price to continue its upward move as it is under bullish pressure at the moment (both of our MA are bullish) and it seems to be breaking above 1.5913 (R1) a strong technical and psychological level. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.5913 (R1) targeting 1.5968 (R2). A stop loss should be placed below 1.5860. USDJPY : 82.654 / 82.660 DAILY WEEKLY MONTHLY 84.69 | 84.18 | 83.44 | 83.00 82.32 | 81.94 | 81.51 | 81.08 SUMMARY : Down TREND : Down trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Oversold MARKET ANALYSIS - Intraday Analysis USDJPY fell sharply and formed a strong support level close to 81.94 (S2). Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 83.00 level. A break above that level we suggest further rise towards 83.44 (R2) and further rise will then focus on next target at 84.18 (R3). On the other hand if the price manages to stay below our first resistance level of 83.00 (R1) then we expect the price to retest 82.32 (S1) and a break below that level then the expected target is at 81.94 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 27, 2012 Author Report Share Posted March 27, 2012 Daily Forex Market by FXCC 27Mar2012 EUR/USD breaking below 1.3360 in late Asia EUR/USD is currently at 1.3350 retreating from a double intraday high at 1.3366, right below 0.23 retrace of latest leg down 1.3485/1.3003, and Feb 27 lows. Just 10 pips now below its opening price in Asia-Pacific, the pair has been in a quiet range all session long, with highs around same price NY close.After a timid break out above 83.00, USDJPY handle reaching 2-day highs at 80.03 highest since past Thursday, minutes before Tokyo opening, the pair is back to previous opening prices, last at 82.84. The pair still trades above weekly opening prices by some +0.52%. EUR/JPY is back trading near its starting price after threatening the 111.00 mark this Tuesday. Coming off a sharp overnight rally into the 110.60 price zone, the pair managed to reach a 4-day high of 110.91 earlier in the Asia-Pacific, but has since retreated and is now quoted just above session lows at 110.55, 5 pips below its starting price. Beyond the 111.00 psychological figure, resistance is noted at 111.41 (21 March high), while EUR/JPY may encounter support at 109.91 (27 Feb high). Read More https://support.fxcc.com/email/technical/27032012/ UPCOMING EVENTS 2012-03-27 07:30 GMT | Sweden Producer Price Index (MoM) (Feb) 2012-03-27 07:30 GMT | Sweden Trade Balance (MoM) (Feb) 2012-03-27 13:00 GMT | United StatesS&P/Case-Shiller Home Price Indices (YoY) 2012-03-27 14:00 GMT | United States Consumer Confidence (Mar) FOREX NEWS 2012-03-27 04:34 GMT | EUR/USD breaking below 1.3350 in late Asia 2012-03-27 02:26 GMT | EUR/JPY struggling to take out 111.00 2012-03-27 00:41 GMT | AUD/JPY struggling below 87.50 2012-03-27 00:20 GMT | GBP/USD limited below 1.5970 EURUSD : 1.33518 / 1.33524 DAILY WEEKLY MONTHLY 1.3551 | 1.3487 | 1.3413 | 1.3368 1.3284 | 1.3220 | 1.3133 | 1.3048 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis EURUSD moved upwards in yesterday’s trading session and successfully penetrated our second resistance forming a new top at 1.3368 (R1) profiting a total of 41 pips!! The pair is under bullish pressure since the price made a low at 1.3000 levels, it formed a higher bottoms and higher tops, breaking with success above 1.3180 with a result of a trend reversal (intraday) - uptrend. A break above the 1.3375 level would suggest a target at 1.3413 (R2) and a further rise will then focus on 1.3487 (R3) a significant strong technical level. Look for long positions above 1.3368 targeting resistance levels (R1 and R2). A stop loss should be placed above 1.3284 (S1). GBPUSD : 1.59617 / 1.59630 DAILY WEEKLY MONTHLY 1.6147 | 1.6091 | 1.6046 | 1.5973 1.5907 | 1.5817 | 1.5769 | 1.5728 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD rise from 1.5875 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just above of our recommended target ending our day with profits (+55 pips)!! The pair is in a crucial moment as a break above 1.5980 February high, it will determine our trading bias targeting 1.6046 (R2). Look for long positions above first resistance targeting 1.6046 (R2). A stop loss should be placed above 1.5907 (S1). USDJPY : 82.831 / 82.839 DAILY WEEKLY MONTHLY 84.69 | 84.18 | 83.44 | 83.00 82.32 | 81.94 | 81.51 | 81.08 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY didn’t made any significant moves yesterday as it traded in a trading range between the 83.00 (R1) and 82.32 (S1) support level. We remain flat on USDJPY until we see in which direction it will move to develop a clear uptrend or a downtrend with more reliable support and resistance levels. No position. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 28, 2012 Author Report Share Posted March 28, 2012 Daily Forex Market by FXCC 28Mar2012 EURUSD is trading bellow 1.3400 level After losing ground Tuesday on a strong dollar advance, EUR/USD is gently bid in early Asia, having inched up to a session high of 1.3335 from an earlier low of 1.3312, last quoted near the top of the range, 30 pips above its opening price.Cable is currently at 1.5955, inside a very limited range 1.5944/61 the pair has been within since session started from the lower part of it. Local share markets are in a risk-off mode bringing down Nikkei index by -1.15% among others, with oil and gold at session lows. After a second attempt at critical resistance just shy of 111.50 on Tuesday, EUR/JPY pulled back to close modestly higher on the day at 110.74 from110.61. So far this Wednesday in Asia, the pair is trading a limited range between 110.52 and 110.86, last at 110.60. Support is noted at 110.12 (19 March high), while resistance is at 110.91 (intraday). Read More https://support.fxcc.com/email/technical/28032012/ UPCOMING EVENTS 2012-03-28 08:30 GMT | United Kingdom Current Account (Q4) 2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3) 2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3) 2012-03-28 08:30 GMT | United Kingdom Total Business Investment (YoY) (Q4) FOREX NEWS 2012-03-28 04:09 GMT | Aussie at session lows vs. USD, JPY 2012-03-28 01:18 GMT | USD/JPY breaks below 83.00 2012-03-28 00:45 GMT | EUR/USD inching higher, reaches 1.3335 2012-03-28 00:14 GMT | AUD/USD dips below 1.0440 ------------------- EURUSD : 1.33316 / 1.33324 DAILY WEEKLY MONTHLY 1.3550 | 1.3493 | 1.3441 | 1.3382 1.3284 | 1.3220 | 1.3177 | 1.3133 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD didn’t made any significant moves yesterday as it moved in a consolidation mode between the 1.3284 (S1) and 1.3382 (R1) levels. The bulls face a major hurdle at the 1.3370 (R1) level, a significant both psychological and technical level. As we want to continue our winning streak on this pair our recommendations for today’s trading session is no position until we see a break above first resistance and continuation of the uptrend or a break below 1.3284 (S1) that it will trap the pair in a trading range. No position. --------------- GBPUSD : 1.59554 / 1.59563 DAILY WEEKLY MONTHLY 1.6149 | 1.6096 | 1.6057 | 1.6000 1.5907 | 1.5817 | 1.5769 | 1.5711 SUMMARY : Up TREND: Up trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD formed a low below 1.5817 (S2) and after that the pair rebounded and rise moving closer to our resistance level at 1.6000 level (R1). After a successful run the pair fell and trapped again in a trading range between 1.5907 (S1) and 1.6000 (R1). A break above 1.6000 level could trigger further bullish pressure targeting 1.6057 (R2) while a break below 1.5907 (S1) could trigger further bearish pressure towards support levels. Look for long positions above 1.6000 level targeting resistance levels. A stop loss should be placed at 1.5950. --------------- USDJPY : 82.908 / 82.917 DAILY WEEKLY MONTHLY 84.59 | 84.08 | 83.81 | 83.39 82.64 | 82.31 | 81.97 | 81.31 SUMMARY : Up TREND : Up trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY continued to rise from 81.97 (S3) and reached a high yesterday at 83.39 (R1). It seems the pair made a correction downwards and it will retest the first resistance soon. Look for long positions at current price, as the pair is moving upwards towards 84.00 level with a strong bullish momentum. A stop loss should be placed above 82.31 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 29, 2012 Author Report Share Posted March 29, 2012 Daily Forex Market by FXCC 29Mar2012 EUR/USD flat in Asia EUR/USD is trading now at 1.3319 exactly same opening price started Asian session, in the middle of a 25 pip range 1.3307/1.3332. With not much change since late NY, there is a clear ask line at 1.3332 limiting the upside, while downside has been pretty much contained as well despite risk-off mode during the Asian trade, with local share markets overall in the red, Nikkei losing -0.67%. GBP/USD has so far traded up to a session high of 1.5907 in Asia, extending the overnight bounce from ascending trendline support at 1.5840 - taken from the 1.5700 and 1.5800 troughs - and is now hovering around the 1.5900 handle, up 15 pips on the day. The combination of Yen shorts bailing themselves out of stale long positions coupled with an acceleration in Aussie bears continues to damage the AUD/JPY, which has seen the rate dive from 86.06 NY close all the way down to currently approach 85.63, yesterday's low. Current price stays at 85.76, day lows. Read More https://support.fxcc.com/email/technical/29032012/ UPCOMING EVENTS 2012-03-29 07:55 GMT | Germany Unemployment Rate s.a. (Mar) 2012-03-29 08:30 GMT | United Kingdom Mortgage Approvals (Feb) 2012-03-29 09:00 GMT | European Monetary Union Economic Confidence (Mar) 2012-03-29 09:00 GMT | European Monetary Union Industrial Confidence (Mar) FOREX NEWS 2012-03-29 04:31 GMT | GBP/USD hovers around 1.5900 2012-03-29 01:11 GMT | AUD/JPY long squeeze picks up, 85.63 low in sight 2012-03-29 00:58 GMT | AUD/USD drops, finds support at 1.0360 2012-03-29 00:01 GMT | New Zealand Business Confidence increase to 33.8 in Mar ------------ EURUSD : 1.33192 / 1.33199 DAILY WEEKLY MONTHLY 1.3550 | 1.3493 | 1.3441 | 1.3382 1.3276 | 1.3220 | 1.3177 | 1.3133 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD formed a high at 1.3382 (R1) retesting for second time the upper level without managing to break above it as a result the price to trap in a trading range between 1.3382 (R1) and 1.3276 (S1). Yesterday the price retested and bounced from the lower boundary and now it seems that is trading in the middle of the channel. As far as the price is moving between these levels we remain flat. Our recommendation for today’s trading session is no position as we do not have a clear trend direction. ------------- GBPUSD : 1.59134 / 1.59150 DAILY WEEKLY MONTHLY 1.6098 | 1.6051 | 1.6000 | 1.5940 1.5842 | 1.5805 | 1.5769 | 1.5703 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis ------------- GBPUSD fell and formed a bottom at 1.5842 (S1) and now it seems that is heading towards 1.5940 (R1). A break above that level, would suggest target at 1.6000 (R2) a strong technical level for the bulls as a break above it will then focus on 1.6051 (R3). A stop loss should be placed at 1.5878. USDJPY : 82.663 / 82.670 DAILY WEEKLY MONTHLY 84.57 | 84.09 | 83.55 | 82.97 82.54 | 81.97 | 81.41 | 80.91 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY formed a new low at 82.54 and it is moving downwards. A break below 82.54 (S1) would suggest target at 81.97 (S2) and further fall will then be limited at 81.41 (S3). Look for short positions in today’s trading session as both of our Moving Averages 10 - 20 turned bearish and the pair is under bearish pressure. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted March 30, 2012 Author Report Share Posted March 30, 2012 Daily Forex Market by FXCC 30Mar2012 EUR/USD above 1.3350 in late Asia EUR/USD is currently at 1.3350 near Asian session highs at 1.3359, bouncing from as low as 100 pips below, where the NY session started. The pair resumed the rebound in Asia with almost no retrace in the middle, clearing out stop losses previously reported by ForexLive in the 1.3340 area, in what it seems a massive stops hunting action, rapidly sending price above yesterday's highs. USD also had a big sell off against yen taking USD/JPY to multi week lows. AUD/USD has traded in range between 1.0365 and 1.0412 so far this Friday, last at 1.0390 from 1.0381 at the Asian opening. AUD is generally weak given speculation over a potentially dovish stance from the RBA’s decision on monetary policy next week, having slid to a 2-month low of 1.0303 versus the greenback overnight.GBP/JPY is currently at 131.16 slightly below Asian opening prices, in an overall pretty volatile session, specially coming from JPY and its final day in the fiscal year in Japan. The cross has reached session lows at 130.62, before recovering sharply matching again opening prices around 131.48 for then retreating again to current levels. Read More https://support.fxcc.com/email/technical/30032012/ UPCOMING EVENTS 2012-03-30 09:02 GMT | European Monetary Union Consumer Price Index (YoY) 2012-03-30 12:30 GMT | Canada Gross Domestic Product (MoM) (Jan) 2012-03-30 12:30 GMT | United States Personal Income (MoM) (Feb) 2012-03-30 12:30 GMT | United States Core Personal Consumption Expenditure - Price Index (MoM) (Feb) FOREX NEWS 2012-03-30 05:02 GMT | Japan Construction Orders (YoY) -1.8% in Feb 2012-03-30 05:01 GMT | Japan Feb Housing Starts (YoY) 7.5% 2012-03-30 00:01 GMT | USD/JPY trades softer post Japanese CPI data 2012-03-30 00:01 GMT | Japan Feb Industrial Production (MoM) -1.2% ---------------- EURUSD : 1.33477 / 1.33486 DAILY WEEKLY MONTHLY 1.3549 | 1.3489 | 1.3451 | 1.3381 1.3277 | 1.3220 | 1.3177 | 1.3133 SUMMARY : TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD fell from 1.3350 and formed a lower bottom at 1.3250 after which the price rebounded from that level and rise above yesterday’s support closing just above it. A break above the first resistance level of 1.3381 (R1) would suggest a target of 1.3451 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3489 (R3). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the pair to retest support at 1.3277 (S1) and a further fall will be limited to 1.3220 (S2). ---------------- GBPUSD : 1.59801 / 1.59819 DAILY WEEKLY MONTHLY 1.6145 | 1.6098 | 1.6051 | 1.6000 1.5933 | 1.5842 | 1.5805 | 1.5769 SUMMARY : TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD rise from 1.5842(S2) and made a sharp move upwards breaking above our yesterday’s resistance levels and closing just below of our recommended target ending our day with profits. After the price formed a top at 1.6000 (R1) level, the price fell and now the price is moving upwards again to retest that level. A break above 1.6000 would suggest target at 1.6051 (R2) and further rise will then be limited at 1.6098 (R3). -------------- USDJPY : 82.005 / 82.013 DAILY WEEKLY MONTHLY 84.09 | 83.55 | 82.97 | 82.54 81.83 | 81.21 | 80.56 | 80.11 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis After the USDJPY retested 82.54 (R1) it could not break above that level and fell, penetrating successfully our support levels and forming a new low at 81.83 (S1) ending our day with a good profit!!. A break below that level would suggest a target at 81.21 (S2) and a further fall will then be limited at 80.56 (S3). On the other hand if the price manages to stay above 81.83 (S1) we expect the price to retest 82.54 (R1). If a break occurs above that level we suggest a target at 82.97 (R2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 2, 2012 Author Report Share Posted April 2, 2012 Daily Forex Market by FXCC 02Apr2012 EUR/USD still below 1.3350; PMI, employment data eyed EUR/USD has been little changed after giving up the early upside advantage at the weekly opening, having started the day at 1.3360, then trading down to a session low of 1.3330 during the Asia-Pacific hours, last at 1.3340/45 versus 1.3335 late Friday.In the European session ahead, the Purchasing Manager Index Manufacturing data for March is due at 0758 GMT, expected to remain in contractionary territory. About two hours later, the February Unemployment Rate will be released, with surveyed economists anticipating an increase in the rate by 0.1% to 10.8%. For the past two weeks EUR/JPY has been range bound between 108.45 and 111.45, last quoted near the top of the range at 110.95 this hour in Asia as it operates around the 111.00 figure, up from 110.40 late Friday.The Australian dollar has fallen to fresh session lows against the greenback this Monday in Asia after disappointing building approval numbers for February were released by the Australian Bureau of Statistics. AUD/USD slid sharply from pre-data 1.0415, to lows below the 1.0400 mark, last at 1.0395 versus 1.0365 late Friday, still up 0.4% on the day. Read More https://support.fxcc.com/email/technical/02042012/ UPCOMING EVENTS 2012-04-02 07:15 GMT | Switzerland Real Retail Sales (YoY) (Feb) 2012-04-02 07:53 GMT | GermanyPurchasing Manager Index Manufacturing (Mar) 2012-04-02 07:58 GMT | European Monetary Union Purchasing Manager Index Manufacturing (Mar) 2012-04-02 10:01 GMT | European Monetary Union Unemployment Rate (Feb) FOREX NEWS 2012-04-02 04:01 GMT | GBP/USD at session lows below 1.6000 2012-04-02 02:57 GMT | EUR/JPY trading sideways around 111.00 2012-04-02 01:58 GMT | EUR/USD closes the opening gap 2012-04-02 01:30 GMT | Australia Feb Building Permits (MoM) -7.8% -------------- EURUSD : 1.33381 / 1.33388 DAILY WEEKLY MONTHLY 1.3548 | 1.3498 | 1.3451 | 1.3382 1.3308 | 1.3260 | 1.3220 | 1.3177 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD after a short consolidation, continue to rise from Friday’s support level of 1.3260(S2) and has reached a high at 1.3382 (R1) so far. If we switch to an H4 timeframe, we can see that the pair is going through another consolidation and if the pair manages to hold above 1.3308 (S1) we can expect a further rise and retest towards our first resistance level at 1.3382 (R1). A break above that level would suggest target at 1.3451 (R2). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the price to move downwards and retest the first support level at 1.3308 (S1) and a deeper decline could be then supported at 1.3260 (S2). --------------- GBPUSD : 1.59924 / 1.59935 DAILY WEEKLY MONTHLY 1.6178 | 1.6129 | 1.6071 | 1.6036 1.5943 | 1.5882 | 1.5842 | 1.5805 SUMMARY : Up TREND : Up trend MA10 : Neutral MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD moved upwards and formed a lower high at 1.6030 and after that the price fell retesting Friday’s support level. A break below 1.5943 (S1) would suggest target at 1.5882 (S2) and further fall will then be limited at 1.5842 (S3). On the other hand if the pair find a strong momentum to the upwards we expect the price to retest 1.6036 (R1) a significant level for the bulls as a break above that level would suggest target at 1.6071 (R2). -------------- USDJPY : 83.040 / 83.044 DAILY WEEKLY MONTHLY 84.67 | 84.09 | 83.77 | 83.31 82.54 | 81.83 | 81.43 | 80.97 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY rebounded from 81.83 (S2) and made a sharp move upwards successfully penetrating our first resistance level and closed just below of our second level. It now seems the pair is doing a small correction before it continues its move upwards towards 83.77 (R2). A proper confirmation for long positions will be when the price manages to break above our first resistance level. A stop loss should be placed above 81.83 (S2) Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 3, 2012 Author Report Share Posted April 3, 2012 Daily Forex Market by FXCC 03Apr2012 EUR/USD capped below 1.3350 in Asia EUR/USD is retreating at 1.3340 from session highs at 1.3355 ahead of Australia's RBA cash rate statement at 04:30 GMT, with local share markets mostly flat and mixed, with Hang-Seng showing gains, while Nikkei is down by -0.61% after its lunch break. Not much data for today's London session ahead Euro related, with final GDP and PPI figures at 09:00 GMT, being FOMC minutes later on at 18:00 GMT key event for the day. AUD/USD spiked higher given massively wide spreads during the RBA cash statement release, printing session highs as high as 1.0476 depending on the feed, for now plummeting near opening prices last at 1.0417, falling from 1.0435 by the time the data came out. The RBA left rates unchanged as widely expected at 4.25% with now market reacting selling off the Aussie, even against Kiwi, sending the cross AUD/NZD also near session lows, last at 1.2633 after printing session highs at 1.2705.EUR/JPY is currently at 109.27 bouncing from fresh 5-day lows at 108.67 following USD/JPY dive towards 81.55 after much worse than expected Japanese monetary base figures, which blew the 82.00 support away. The cross is down for the week -1.45%. Read More https://support.fxcc.com/email/technical/03042012/ UPCOMING EVENTS 2012-04-03 08:30 GMT | United Kingdom PMI Construction (Mar) 2012-04-03 09:00 GMT | EU Gross Domestic Product s.a. (QoQ) (Q1) 2012-04-03 09:00 GMT | EU Gross Domestic Product s.a. (YoY) (Q1) 2012-04-03 09:00 GMT | EU Producer Price Index (YoY) (Feb) FOREX NEWS 2012-04-03 04:43 GMT | RBA: Rates unchanged at 4.25%; inflation outlook fluid 2012-04-03 04:10 GMT | EUR/USD capped below 1.3350 in Asia 2012-04-03 01:33 GMT | Japan Labor Cash Earnings (YoY) 0.7% in Mar 2012-04-03 01:31 GMT | Australia Retail Sales s.a. (MoM) 0.2% in Feb ---------------- EURUSD 1.33390 / 1.33394 DAILY WEEKLY MONTHLY 1.3548 | 1.3498 | 1.3451 | 1.3382 1.3277 | 1.3248 | 1.3191 | 1.3134 SUMMARY : Neutral TREND : Sideway MA10 : Bullish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD formed a high at 1.3382 (R1) as we previously mentioned in yesterday’s analysis as it has reached a very crucial level that has been retest 3 times in the past. A break above that level, it will indicate an upward break out from the trading range of the intraday chart. This is very important as it will determine our bias towards the next trading sessions. Overall, a break above that level we will look to confirm an uptrend as the outlook continues to be positive for the EURUSD. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3382 (R1) targeting 1.3451 (R2). A stop loss should be placed above 1.3277 (S1). -------------- GBPUSD : 1.60323 / 1.60335 DAILY WEEKLY MONTHLY 1.6189 | 1.6143 | 1.6095 | 1.6063 1.6000 | 1.5943 | 1.5888 | 1.5842 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis The GBPUSD rise and broke above our yesterday’s resistance level forming a new high at 1.6063 (R1) and it seems that it will continue its upward movement. The pair is in a crucial moment as a break above first resistance would suggest target at 1.6143 (R3). On the other hand if the price fails to break above 1.6063 (R1), we can expect the pair to retest 1.6000 (S1) level. A break below that level would suggest a target at 1.5943 (S2) and further fall with then be limited at 1.5888 (S3). ---------------- USDJPY : 82.090 / 82.094 DAILY WEEKLY MONTHLY 84.09 | 83.77 | 83.31 | 82.54 81.54 | 80.67 | 80.21 | 79.55 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis After the pair formed a high at 83.31 (R2), the USDJPY was able to break below yesterday’s support and formed a new low at 81.54 (S1). A break below the 81.54 level would suggest a target of 80.67. On the other hand if the price fails to break below 81.54, we can expect the pair to retest 82.54 (R1) and a break above that level would suggest target at 83.31 yesterday’s first resistance level. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 4, 2012 Author Report Share Posted April 4, 2012 Daily Forex Market by FXCC 04Apr2012 EUR/USD hovering over 1.3200 EURUSD is grinding lower on Wednesday ahead of the ECB rate decision due later on.After dropping more than 100 pips after the FOMC minutes in yesterday’s session, from the 1.3340 region to the 1.3220 area, the negative sentiment has extended into the Asian session dragging the cross as low as 1.3184 so far. Ahead in the day, PMI services and Factory Orders are expected in Germany, Retail Sales in the pan-European composite and the ECB interest rate decision. In the US, ISM non-manufacturing and the ADP employment change will also be published. EUR/AUD is currently at 1.2847 retreating from session highs at 1.2870 when Australia's trade deficit was published, and a surplus was expected by market participants. Those highs are about the same seen yesterday and Monday as well, and last Thursday. Current yearly highs sit right above it few pips higher reached Friday at 1.2887. Recent weekly lows printed Tuesday after RBA no move on interest rates read 1.2733. Aussie has just momentarily broke below 2-month lows at 1.0300 reached right after Fed minutes were out suggesting no more QE is in the horizon, printing new lows at 1.0289 few minutes ago during current Asian session. Read More https://support.fxcc.com/email/technical/04042012/ UPCOMING EVENTS 2012-04-04 07:53 GMT | Germany Purchasing Manager Index Services (Mar) 2012-04-04 08:00 GMT | European Monetary Union Purchasing Manager Index Services (Mar) 2012-04-04 08:30 GMT | United Kingdom Purchasing Manager Index Services (Mar) 2012-04-04 09:00 GMT | European Monetary Union Retail Sales (MoM) (Feb) FOREX NEWS 2012-04-04 06:16 GMT | GBP/USD below 1.5900 ahead of PMI 2012-04-04 03:56 GMT | EUR/AUD below 1.2850 back to where it was 4 days ago 2012-04-04 02:21 GMT | EUR/USD cracks 1.3200 2012-04-04 01:34 GMT | Australia Feb Trade Balance -480M --------------------- EURUSD : 1.32036 / 1.32041 DAILY WEEKLY MONTHLY 1.3382 | 1.3340 | 1.3277 | 1.3248 1.3183 | 1.3134 | 1.3081 | 1.3014 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD moved all the way down from 1.3340 forming a new low at 1.3183 (S1). It seems the pair has found a strong support at that level, but we expect the pair to continue its downward move. Our Moving Averages both turned bearish and are providing a strong resistance to the price confirming us the break out and the downtrend. Look for short positions targeting 1.3134 (S2). A stop loss should be placed below 1.3248. ----------------- GBPUSD : 1.58887 / 1.58895 DAILY WEEKLY MONTHLY 1.6124 | 1.6063 | 1.5977 | 1.5920 1.5842 | 1.5783 | 1.5713 | 1.5651 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD fell this morning forming a new low at 1.5866 and now is trading below first resistance of 1.5920. A break above first resistance would suggest target at 1.5977 (R2). On the other hand if the price continues its downward move we expect the price to retest 1.5842. A break below that level would suggest target at 1.5783 (S2). -------------- USDJPY : 82.688 / 82.692 DAILY WEEKLY MONTHLY 84.51 | 83.81 | 83.31 | 82.97 82.41 | 81.54 | 81.05 | 80.57 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY rise all the way from 81.54 and formed a new high at 82.98. A break above that level would suggest target at 83.31 (R2) and further rise will be limited at 83.81. On the other hand if price fails to move upwards we expect the price to retest 82.41 and a break below that level would suggest target at 81.54 yesterday’s first support level. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 5, 2012 Author Report Share Posted April 5, 2012 Daily Forex Market by FXCC 05Apr2012 EUR/USD quietly advances to session highs EUR/USD is printing fresh session highs at 1.3158 following China services PMI in line with expected at 53.3 which means expansion, and market participants have taken it as a risk on relief for a while, either exiting existing positions, or entering new ones pushing USD lower across the board. Local share markets also are on the bounce from multi-week lows, with yen selling off currently at 82.29 for USD/JPY. Euro kind of lags in the reaction, like against AUD for example, with EUR/AUD cross siting at session lows 1.2783. With only main macro risk event ahead in the form of German industrial production at 10:00 GMT, and many countries getting ready for a three to four day weekend for Eastern, everything will be set up for big day Friday with US NFP which will bring plenty of volatility given low liquidity available with almost all Europe on holidays. AUD/JPY is currently at 84.61, retreating from session highs at 84.81, following last dip in USD/JPY with yen demand on the rise as Nikkei index keeps falling another -0.77% adding to yesterday's -2.29% loss. Main focus for current Asian session, ahead of the 4-day weekend coming tomorrow in Australia, will be Chinese PMI services at 02:30 GMT Read More https://support.fxcc.com/email/technical/05042012/ UPCOMING EVENTS 2012-04-05 08:30 GMT United Kingdom Industrial Production (YoY) (Feb) 2012-04-05 10:00 GMT Germany Industrial Production s.a. w.d.a. (YoY) (Feb) 2012-04-05 11:00 GMT United Kingdom BoE Interest Rate Decision 2012-04-05 11:00 GMT United Kingdom BoE Asset Purchase Facility FOREX NEWS 2012-04-05 02:46 GMT USD/JPY at fresh session lows after China PMI 2012-04-05 02:34 GMT China Mar HSBC China Services PMI decreases to 53.3 2012-04-05 00:53 GMT AUD/JPY at a crossroads below 85.00 2012-04-04 23:22 GM GBP/USD hovers below 1.59 in early Asia ---------------- EURUSD : 1.31541 / 1.31548 DAILY WEEKLY MONTHLY 1.3340 | 1.3277 | 1.3248 | 1.3189 1.3108 | 1.3057 | 1.3011 | 1.2967 SUMMARY: Down TREND : Down trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.3108 (S1). A break below that level would suggest a target at 1.3057 (S2) and a further fall will focus attention on 1.3011 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.3189 (R1) we expect the price to retest 1.3248 (R2) and any further rise will then be limited to 1.3277 (R3). -------------- GBPUSD : 1.59010 / 1.59022 DAILY WEEKLY MONTHLY 1.6098 | 1.6063 | 1.5977 | 1.5934 1.5832 | 1.5799 | 1.5732 | 1.5668 SUMMARY : Down TREND : Down trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD fell below our first support and formed a bottom at 1.5832. After that the price rise and closed just below of yesterday’s first resistance. We expect the GBPUSD to continue its move downwards and to complete the correction at the level of 1.5732 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 1.5832 (S1). A stop loss should be placed at 1.5934 (R1). --------------- USDJPY : 82.231 / 82.233 DAILY WEEKLY MONTHLY 84.51 | 83.79 | 83.31 | 82.98 82.08 | 81.54 | 80.81 | 80.23 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY moved closer to support levels at 82.08, retested it twice but didn’t manage to break below it. After that, the price rise and now is trading above 82.08 (S1). If price will be able to break below that level, USDJPY target is at 81.54 (S2). Further decline will re-test support at 80.81 (S3). A stop loss should be placed below 82.98 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 6, 2012 Author Report Share Posted April 6, 2012 Daily Forex Market by FXCC 06Apr2012 EUR/USD flat in Asia around 1.3070 EUR/USD had a little lift ahead of Shanghai open from session lows 1.3153 up to current 1.3069, and that was about it. Trapped in a tiny spread of 3 pips for the last two hours, the pair just sits above NY highs, holding onto some -0.53% from yesterday's Asian open, with Australia, New Zealand, Hong-Kong and Singapure on holidays for current session. The day ahead shows a blank agenda for the London session as both UK and Europe mainland will be closed on holidays, and main risk event will be US NFP at 12:30 GMT which is expected widely above the +200k figure for jobs added in the non farm payroll With Tokyo the largest FX trading center open during the Asia-Pacific session, the USD/JPY pair is getting some modest action in an otherwise comatose start to trading this Friday due to the upcoming Easter holiday. Read More https://support.fxcc.com/email/technical/06042012/ UPCOMING EVENTS 2012-04-06 06:45 GMT | France Trade Balance EUR (Feb) 2012-04-06 12:30 GMT | United States Nonfarm Payrolls (Mar) 2012-04-06 12:30 GMT | United States Average Hourly Earnings (MoM) (Mar) 2012-04-06 12:30 GMT | United States Unemployment Rate (Mar) FOREX NEWS 2012-04-06 05:06 GMT | Japan Coincident Index increase to 93.7 in Mar 2012-04-06 05:04 GMT | Japan: Leading Economic Index (Feb): 96.6 2012-04-06 02:10 GMT | EUR/AUD paused above 8-day low 1.2660 2012-04-06 00:56 GMT | EUR/USD holds above 1.3050 after overnight push down ------------------ EURUSD : 1.30754 / 1.30763 DAILY WEEKLY MONTHLY 1.3341 | 1.3248 | 1.3205 | 1.3107 1.3035 | 1.3000 | 1.2951 | 1.2911 SUMMARY : Down TREND : Down trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD fell below our first support and formed a new bottom at 1.3035 (S1). After that the price rise and closed below the first resistance level. We expect the EURUSD to find a strong support around 1.3000 (S2) as it is a strong technical and psychological level for the bulls. We might see a correction upwards and then a continuation of the downtrend or we can see a continuation of the downtrend without a correction. Our recommendations for today’s trading session is no positions as in the last 3-4 sessions we got around 250 pips of profit on this pair and it is better to wait until we see which of the bulls of the bear will win the battle. No position. ---------------- GBPUSD : 1.58562 / 1.58578 DAILY WEEKLY MONTHLY 1.6063 | 1.6016 | 1.5965 | 1.5909 1.5804 | 1.5751 | 1.5703 | 1.5643 SUMMARY : Down TREND : Down trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD fell and formed a strong support at 1.5804 (S1) a significant technical and psychological level. Following that, the price rise and now is moving below the first resistance level. The same with this pair as since this week we made around 250 pips in profit we remain flat as we expect the pair to find a strong support at 1.5804 (S1). Now it is very important what the bearish have in mind and if the traders will hold their short positions against the GBP. No position. ---------------- USDJPY : 82.251 / 82.256 DAILY WEEKLY MONTHLY 84.00 | 83.31 | 82.98 | 82.43 81.82 | 81.54 | 81.05 | 80.55 SUMMARY : Down TREND : Down trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY fell and formed a new low at 81.82 (S1). Following that the price rise and closed just below of today’s resistance level. A break above 82.43 level would suggest target at 82.98 (R2) and further rise will then be limited at 83.31 (R3). On the other hand a break below 81.82 would suggest target at 81.05 (S3). A stop loss in both cases should be placed around 50 pips away from support or resistance level. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 9, 2012 Author Report Share Posted April 9, 2012 Daily Forex Market by FXCC 09Apr2012 EUR/USD lower in Asia, holds above 1.3050 EUR/USD is currently recovering at 1.3061 from fresh 3-week lows at 1.3034, reached ahead of a better than expected CPI figures in China year to date, showing an increase of +3.6% vs +3.3% expected. Risk off sentiment is present in Asia with Australian markets closed and practically all European ones closed as well for holiday, with Nikkei index printing lows near the 9500 points mark, now recovering from session lows losing some -0.93% after lunch break.The session ahead in London shows a blank agenda as most European countries will be closed for holidays, and then the US still in the Eastern weekend on holidays though markets seem to open. EUR/JPY has fallen to fresh 5-week lows this Monday in Asia, reaching as far as 106.15 from 106.72 at the end of trading in NY Friday as the market extends its bearish reversal.The Australian Dollar is under growing pressure in Asia, with the antithesis being a much firmer US Dollar across the board, only challenged by the Japanese Yen, which also resumes bullish momentum. The Aussie is currently trying to avoid being pushed lower as it levitates near day lows following a higher-than-expected Chinese CPI y/y data, which came at 3.6% in March as opposed to a 3.4% expected by analysts; the production price index y/y stood at -0.3% vs -0.2% estimate in the March reading. Read More https://support.fxcc.com/email/technical/09042012/ UPCOMING EVENTS 2012-04-09 07:00 GMT Romania Trade Balance (Feb) 2012-04-09 09:00 GMT Greece Consumer Price Index (YoY) (Mar) 2012-04-09 09:00 GMT Greece Industrial Production (YoY) (Feb) 2012-04-09 10:00 GMT Portugal Global Trade Balance (Dec) FOREX NEWS 2012-04-09 05:07 GMT Japan Eco Watchers Survey: Outlook down to 49.7 in Mar 2012-04-09 04:23 GMT EUR/USD lower in Asia, holds above 1.3050 2012-04-09 01:45 GMT AUD/USD sees no change on soft tone after China CPI 2012-04-09 01:30 GMT China Consumer Price Index (YoY) rises to 3.6% in Mar from 3.2% --------------- EURUSD : 1.30655 / 1.30661 DAILY WEEKLY MONTHLY 1.3341 | 1.3248 | 1.3168 | 1.3107 1.3032 | 1.3000 | 1.2951 | 1.2903 SUMMARY : Neutral TREND : Sideway MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD fell and broke below our first resistance 1.3107 forming a new low at 1.3032 (S1). After that the price rise and is now moving in a consolidation mode. By the time that the price retested our support level 3 times without succeeding to break below that this will keep as flat for today not risking a break below 1.3032 level or 1.3000 as both of these levels are significant technical and psychological important for the bulls. Our recommendation for today’s trading session is no position until we see which of the bulls of the bear will win the battle. ---------------- GBPUSD : 1.58709 / 1.58725 DAILY WEEKLY MONTHLY 1.6063 | 1.6016 | 1.5965 | 1.5909 1.5804 | 1.5763 | 1.5729 | 1.5654 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD didn’t make any significant moves in Friday’s trading session as it moved between the first support and resistance. A break in either direction will determine the trading bias in today`s session. A break below 1.5804 will confirm our short positions targeting 1.5763 (S2) and a further fall will be limited to 1.5729 (S3). On the other hand, if the pair breaks above the first resistance level of 1.5909 (R1), we would expect the price to retest 1.5965 (R2) and a further rise will then focus at 1.6016 (R3). ------------ USDJPY : 81.404 / 81.410 DAILY WEEKLY MONTHLY 83.31 | 82.98 | 82.43 | 81.82 81.19 | 80.55 | 79.98 | 79.61 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY fell and broke below our Friday’s resistance level forming a new low at 81.19 (S1) and it seems that it will continue its downward movement. Both of our Moving Averages are bearish creating a strong resistance to the price. Look for short positions around 81.82 targeting 81.19 (S1). A stop loss should be placed at 82.43 (R2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 10, 2012 Author Report Share Posted April 10, 2012 Daily Forex Market by FXCC 10Apr2012 EUR/USD printing new weekly highs After sporting a much firmer profile across the board, the USD is showing its weakest version in early HK trade, with the EUR/USD currently extending gains past the 1.3133 mark, yesterday's high. The origin of the latest bull run comes after a recovery off 1.3030 support, forming a double bottom in the process. The rate has been able to establish a new weekly peak after a brief drive through 1.3141. From a fundamental perspective, Spain and Italy remain on the spotlight with bond yields on the rise, undermining the allure towards the EUR. On the other side of the pond, Bernanke is yet to pull off the hat stronger easing rhetoric after today's uneventful speech. AUD/USD is currently inching higher in Asia with Hong-Kong opening pushing higher, though Hang-Seng index is lower near -1%, and Nikkei is up around +0.5% bouncing in the 9500 points level after falling more than -5% in recent days. Aussie is trading at 1.3026 rising from session lows 1.0295. Read More https://support.fxcc.com/email/technical/10042012/ UPCOMING EVENTS 2012-04-10 08:00 GMT | Norway Consumer Price Index (MoM) (Mar) 2012-04-10 08:00 GMT | Norway Core Inflation (MoM) (Mar) 2012-04-10 08:30 GMT | United Kingdom DCLG House Price Index (YoY) (Feb) 2012-04-10 08:30 GMT | European Monetary Union Sentix Investor Confidence (Apr) FOREX NEWS 2012-04-10 03:10 GMT | Japan BoJ Interest Rate Decision steadies at 0.1% 2012-04-10 03:07 GMT | China Trade Balance up to 5.347B in Mar 2012-04-10 01:30 GMT | Australia Mar ANZ Job Advertisements falls to 1% vs 3.3% 2012-04-10 01:30 GMT | Australia National Australia Bank's Business Confidence rises to 3 in Mar --------------- EURUSD 1.31227 / 1.31232 DAILY WEEKLY MONTHLY 1.3387 | 1.3341 | 1.3248 | 1.3163 1.3035 | 1.3000 | 1.2951 | 1.2903 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD moved upwards and managed to stay above yesterday’s support 1.3035 (S1) and now it is moving towards 1.3163 (R1). A break above that level we suggest further rise towards 1.3248 (R2) and then 1.3341 (R3). On the other hand, if the price manages to hold below 1.3163 (R1) we can expect retest of 1.3035 (S1) and further fall will then be limited at 1.2951 (S3). -------------- GBPUSD 1.59201 / 1.59213 DAILY WEEKLY MONTHLY 1.6112 | 1.6063 | 1.6016 | 1.5956 1.5884 | 1.5804 | 1.5763 | 1.5729 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD is forming higher tops, as it rise for 3 consecutive days after forming a high at 1.6063 (R3), formed a strong support level at 1.5804 (S1). Following that we saw a correction towards 1.5884 and it seems the pair will re-test our resistance levels soon. A break above 15956 (R1) would suggest a target of 1.6016 (R2) and a further rise will then focus on the next target at 1.6063 (R3) a technical and psychological level. A stop loss should be placed below 1.5884 (S1). --------------- USDJPY : 81.364 / 81.368 DAILY WEEKLY MONTHLY 83.31 | 82.98 | 82.43 | 81.82 81.19 | 80.55 | 79.98 | 79.48 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY rise and formed a new high (intraday) at 81.82 (R1) and after that fell towards yesterday’s first support. A break below 81.19 will confirm our short positions targeting 80.55 (S2) and further fall will then be limited at 79.98 (S3). A stop loss should be placed at 81.82 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 12, 2012 Author Report Share Posted April 12, 2012 Daily Forex Market by FXCC 12Apr2012 EUR/USD is currently near session highs EUR/USD is currently at 1.3133 near session highs 5 pips above, gaining +0.18% since Asian open. Markets had a lift on risk appetite once Australia's jobs data showed better than expected results, keeping unemployment rate steady at 5.2% while an increase to 5.3% was expected, and adding new 44k jobs to the economy. Local share markets and US futures are higher, Nikkei up by +0.15%, pointing for a slightly higher open in Europe. EUR/AUD has recently fell from a cliff, losing about 80 pips in no time following the Aussie jobs report, and lower from yesterday's highs at 1.2784, last at 1.2664 with session and week lows at 1.2640. The Australian Dollar is soaring across the board after what may be labeled as a 'spectacular' jobs number in Australia. AUD/USD has so far posted a high of 1.0360 from 1.0300 following the creation of fresh 44k new jobs in March, restoring faith in the Australian economy after it lost 15.4k in February. Read More https://support.fxcc.com/email/technical/12042012/ UPCOMING EVENTS 2012-04-11 08:00 GMT | European Monetary Union ECB Monthly Report 2012-04-11 08:30 GMT | United Kingdom Goods Trade Balance (Feb) 2012-04-11 08:30 GMT | United Kingdom Trade Balance; non-EU (Feb) 2012-04-11 09:00 GMT | European Monetary Union Industrial Production w.d.a. (YoY) (Feb) FOREX NEWS 2012-04-12 04:20 GMT | EUR/USD above 1.3100 in Asia 2012-04-12 01:30 GMT | Australia Unemployment Rate s.a. steadies at 5.2% 2012-04-12 01:00 GMT | Australia Apr Consumer Inflation Expectation 3.3% 2012-04-11 00:02 GMT | Japan Domestic Corporate Goods Price Index (MoM) 0.6% ----------------- EURUSD : 1.31384 / 1.31389 DAILY WEEKLY MONTHLY 1.3382 | 1.3341 | 1.3248 | 1.3145 1.3035 | 1.3000 | 1.2951 | 1.2903 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD formed a high at 1.3145 (R1) as we previously mentioned in yesterday’s analysis as it has reached a very crucial level that has been retest 3 times in the past. A break above that level, it will indicate an upward break out from the trading range of the intraday chart. This is very important as it will determine our bias towards the next trading sessions. Overall, a break above that level we will look to confirm an uptrend as the outlook continues to be positive for the EURUSD. A proper confirmation for the long positions will be when the price manages to break above 1.3170. A stop loss should be placed above 1.3035 (S1). -------------- GBPUSD : 1.59260 / 1.59272 DAILY WEEKLY MONTHLY 1.6114 | 1.6063 | 1.6016 | 1.5937 1.5852 | 1.5804 | 1.5751 | 1.5705 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD released a lot of volatility in yesterday’s trading session moving upwards above 1.5930 and then moved downwards breaking below 1.5900 touching our yesterday’s support level. It seems that the pair is gaining momentum and is moving towards 1.5937 (R1). A break above that level would suggest a target at 1.6016 (R2) a strong technical level. Look for long positions above 1.5937 (R1) targeting 1.6016 (R2). A stop loss should be placed above 1.5852 (S1). -------------- USDJPY : 80.948 / 80.954 DAILY WEEKLY MONTHLY 82.98 | 82.43 | 81.82 | 81.18 80.57 | 79.71 | 79.42 | 78.88 SUMMARY Neutral TREND Sideway MA10 Neutral MA20 Neutral STOCHASTIC Neutral MARKET ANALYSIS - Intraday Analysis USDJPY fell and closed above yesterday’s support at 80.85 and now seems to be moving between 80.57 and the 81.18 level. A break above that level we suggest further rise towards 81.82 (R2) and then 82.43 (R3). On the other hand, if the price manages to hold below 81.18 (R1) we can expect retest of 80.57 (S1). A break below that level would suggest target at 79.71 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 13, 2012 Author Report Share Posted April 13, 2012 Daily Forex Market by FXCC 13Apr2012 EUR/USD in correction mode below 1.3175 in Asia EUR/USD is last quoted at 1.3171, off from session lows at 1.3163, and correcting from yesterday's and 6-day highs at 1.3211, losing a -0.12% since Asian session started. The news of the day are the lower than expected China 1Q GDP at +8.1% vs +8.4% consensus expectations, and the failed North Korean missile launch. Local share markets overall show gains, with Nikkei above the 9600 points mark higher by +1.31%. The London session ahead shows a soft agenda in Euro related macro data to be published, with CPI figures coming out from several countries like Spain, Italy and Germany all along the European morning, as well as Italy industrial production at 08:00 GMT. USD/JPY retreated from its session highs immediately following the weaker than expected Q1 Chinese GDP number, as investors were caught off guard and the safe-haven JPY enjoyed a dose of risk-off flows. The pair managed to dip as low as 80.96 from its 81.18 peak, and has since bounced back to levels above the 81.00 mark, last at 81.10 versus 80.88 at the end of trading in New York. Read More https://support.fxcc.com/email/technical/13042012/ UPCOMING EVENTS 2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Input (MoM) 2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Input (YoY) 2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Output (MoM) 2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Output (YoY) FOREX NEWS 2012-04-13 04:26 GMT | EUR/USD in correction mode below 1.3175 in Asia 2012-04-13 02:10 GMT | China: Real GDP surprisingly weak at 8.1% in Q1 2012-04-13 02:02 GMT | China Mar Retail Sales (YoY) 15.2% 2012-04-13 02:01 GMT | China Mar Industrial Production (YoY) 11.9% ------------------- EURUSD : 1.31724 / 1.31732 DAILY WEEKLY MONTHLY 1.3379 | 1.3341 | 1.3278 | 1.3214 1.3145 | 1.3088 | 1.3035 | 1.3000 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD gained momentum in yesterday’s session and formed a higher bottom and top, successfully penetrating yesterday's resistance level. After that the price found a strong resistance at 1.3214 (R1) a strong technical lelvel. We expect the price to move upwards but only a break above 1.3214 (R1) will give as a confirmation for long positions targeting 1.3278 (R2) and further rise will then be limited at 1.3341 (R3). A stop loss should be placed at 1.3088 (S2). ----------------- GBPUSD : 1.59491 / 1.59503 DAILY WEEKLY MONTHLY 1.6163 | 1.6110 | 1.6045 | 1.5984 1.5907 | 1.5852 | 1.5804 | 1.5751 SUMMARY : Up TREND : Up trend MA10 : Neutral MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD continued to move upwards forming a new top at 1.5984 (R1). A break above that level would suggest target at 1.6045 (R2) and further rise will then focus on 1.6110 (R3). On the other hand a break below 1.5907 (S1) would suggest target at 1.5852 and further fall will then be limited at 1.5804 (S3). ------------------ USDJPY : 81.031 / 81.035 DAILY WEEKLY MONTHLY 82.98 | 82.43 | 81.82 | 81.20 80.57 | 79.81 | 79.25 | 78.57 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Oversold MARKET ANALYSIS - Intraday Analysis The USDJPY didn’t make any significant moves in yesterday’s trading session as it moved between the first support and resistance level. A break in either direction will determine the trading bias in today`s session. A break below 80.57 will confirm our short positions targeting 79.81 (S2) and a further fall will be limited to 79.25 (S3). On the other hand, if the pair breaks above the first resistance level of 81.20 (R1), we would expect the price to retest 81.82 (R2) and a further rise will then focus at 82.43(R3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 16, 2012 Author Report Share Posted April 16, 2012 Daily Forex Market by FXCC 16Apr2012 EUR/USD barely above 1.3000 in late Asia EUR/USD heads into London session open ending the Asian trade at 1.3018, near session and fresh 5-week lows at 1.3009, losing some -0.43% from its opening price around 1.3075, and session highs at 1.3096. Local share markets are in the red with Nikkei lower by -1.33% and oil and gold also both at session lows, gold just breaking below Friday's lows. The Yen is reigning so far this Monday, benefited by the ballooning Spanish 10-yr bond yields, which recently hit the 6%, coupled with short-term negative effects on the Chinese band widening, seen as factor that will increase market volatility. AUD/JPY has traded down to as low as 83.41 late Friday so far this Monday in Asia fueled by risk off flows triggered by the PBOC’s decision Saturday to widen the USD/CNY trading band. EUR/JPY has broken below support in the 105.45-50 area and is now targeting lower levels, last at 105.30 vs 105.92 late Friday in New York. Read More https://support.fxcc.com/email/technical/16042012/ UPCOMING EVENTS 2012-04-16 08:00 GMT | Turkey Budget Balance (Mar) 2012-04-16 08:00 GMT | Italy Global Trade Balance (Feb) 2012-04-16 09:00 GMT | European Monetary Union Trade Balance n.s.a. (Feb) 2012-04-16 09:00 GMT | European Monetary Union Trade Balance s.a. (Feb) FOREX NEWS 2012-04-16 05:24 GMT | USD/JPY breaks support at 80.60 2012-04-16 01:45 GMT | AUD/JPY dips below 83.50 2012-04-16 00:54 GMT | USD/CHF well bid in Asia 2012-04-16 00:51 GMT | EUR/USD hits fresh 1-month low --------------- EURUSD : 1.30207 / 1.30209 DAILY WEEKLY MONTHLY 1.3278 | 1.3214 | 1.3140 | 1.3048 1.3004 | 1.2951 | 1.2913 | 1.2867 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD after the pair formed a high at 1.3214 it fell for 2 consecutive days and formed a bottom at 1.3004 (S1) a significant technical and psychological level. A break below that level will confirm our short positions towards 1.2951 (S2) and a further fall with then be limited to 1.2913 (S3). On the other hand if the price manages to stay above 1.3004 (S1) we expect the price to retest 1.3048 (R1) and if a break happens above that level we expect the price to move towards next upwards objective at 1.3140 (R2) and to give a ‘big breath’ to the bulls as 1.3000 levels are crucial for them. -------------- GBPUSD : 1.58278 / 1.58290 DAILY WEEKLY MONTHLY 1.6034 | 1.5984 | 1.5909 | 1.5858 1.5804 | 1.5755 | 1.5704 | 1.5664 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD fell this morning and formed a low at 1.5822 penetrating below Friday’s resistance level. A break below 1.5804 (S1) will continue its downward move targeting the next support level at 1.5755 (S2) a strong technical level and further decline will then be limited to 1.5704 (S3). On the other hand if the price breaks above 1.5858 (R1) it would suggest a target at 1.5909 (R2). -------------- USDJPY : 80.572 / 80.575 DAILY WEEKLY MONTHLY 82.98 | 82.43 | 81.82 | 81.20 80.35 | 79.67 | 79.13 | 78.81 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY couldn’t hold this morning and fell, breaking below our Friday’s support level. A break below 80.35 would suggest a target at 79.67 (S2) and a further fall will focus attention on 79.13 (S3) a significant technical and psychological level. The short positions are supported by the Moving Averages 10 – 20 that are both bearish. A stop loss should be placed at 81.20 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 17, 2012 Author Report Share Posted April 17, 2012 Daily Forex Market by FXCC 17Apr2012 Forex: EUR/USD holding above 1.3100 ahead of German ZEW EUR/USD is currently bouncing at 1.3122 from session lows at 1.3106 following RBA minutes and worse than expected foreigners investment figures in China for the 5th consecutive month, following a -6% for the month of March. The pair retraces from yesterday's highs at 1.3148, and higher from yesterday's and 8-week lows at 1.2994. The London session ahead will be a busy one according to EUR macro data related being released, including German ZEW economic sentiment survey and EU CPI figures both at 09:00 GMT. Earlier at 08:30 GMT will take place the Spanish short term sovereign debt auction, according to Bloomberg, which will focus market's attention. Later at 12:30 GMT ECB's chairman Mario Draghi will give a speech at a conference in Frankfurt. After operating in consolidation mode for over 6 days, the EUR/GBP pair finally broke lower overnight to fresh 2012 lows, touching 0.8208 before regaining the upside to close on Monday at 0.8263, ending 0.2% above past Friday’s close. USD/CAD is currently at 1.0003, marginally higher from yesterday's weekly open in Asia-Pacific, climbing from Friday's lows 0.9926, and retracing from yesterday's highs 1.0030. The pair is trading at the upper bound of a price range has been into since late January this year, reaching as low as 0.9842 by March 01 since then. Read More https://support.fxcc.com/email/technical/17042012/ UPCOMING EVENTS 2012-04-17 08:00 GMT | United Kingdom Consumer Price Index (YoY) (Mar) 2012-04-17 09:00 GMT | EU - Consumer Price Index (YoY) (Mar) 2012-04-17 09:00 GMT | EU - Consumer Price Index - Core (YoY) (Mar) 2012-04-17 12:30 GMT | European Monetary Union ECB President Draghi's Speech FOREX NEWS 2012-04-17 05:00 GMT | Japan Mar Consumer Confidence Index increase to 40.3 2012-04-17 03:52 GMT | Forex: EUR/GBP trades down to 0.8250 2012-04-17 01:40 GMT | RBA Minutes: CPI Q1 to dictate case for easier policies 2012-04-17 01:32 GMT | Australia Mar New Motor Vehicle Sales increase to 4% --------------- EURUSD 1.31103 / 1.31106 DAILY WEEKLY MONTHLY 1.3313 | 1.3257 | 1.3214 | 1.3147 1.3047 | 1.3000 | 1.2951 | 1.2913 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis After the EURUSD formed a bottom at 1.3000 (S2) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3147 (R1). If it breaks above that level we can expect a target at 1.3214 (R2). On the other hand if a break occurs below the first support at 1.3047 (S1) expect the price to retest 1.3000 (S2) a strong technical and psychological level for the bulls. --------------- GBPUSD 1.58729 / 1.58741 DAILY WEEKLY MONTHLY 1.6088 | 1.6042 | 1.5984 | 1.5909 1.5858 | 1.5804 | 1.5764 | 1.5706 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD made a sharp move upwards and broke above yesterday’s resistance level forming a new top at 1.5909 (R1). A break above that level would suggest a target at 5984 (R2) a strong technical and psychological level. On the other hand if the price manages to hold below 1.5909 we expect a retest of the first support level at 1.5858 (S1). A break below that level will suggest target at 1.5804 (S2). --------------- USDJPY 80.417 / 80.422 DAILY WEEKLY MONTHLY 82.43 | 81.82 | 81.20 | 80.73 80.29 | 79.57 | 79.13 | 78.67 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY fell and broke below our Friday’s resistance level forming a new low at 80.29 (S1) and it seems that it will continue its downward movement. Both of our Moving Averages are bearish creating a strong resistance to the price. Look for short positions around 80.29 targeting 79.57 (S2). A stop loss should be placed at 80.73 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 18, 2012 Author Report Share Posted April 18, 2012 Daily Forex Market by FXCC 18Apr2012 EUR/USD unchanged above 1.3120 EUR/USD kept during the Asian trade with its tight range since late Monday in NY, showing no change today from yesterday's open in Asia-Pacific, trading at 1.3123 as last, with a session high at 1.3140, and a low at 1.3109. Risk appetite also had another round in the local share markets, with Nikkei higher by +1.81% despite the bad Chinese housing data coming out, and gold also on the rise above $1650. Yen selling was the way to go today in the Asian trade. For the London session ahead everybody will be waiting for tomorrow's 10 year Spanish bond auction, as for today's agenda there will only be two significant risk events EUR related during the European morning, current account for the EU The AUD/USD has slipped below 1.0400 after a collection of Aussie negative news coming down the pipe just as the HK market prints its first ticks. The pair has failed to break yesterday's high at 1.0415, pulling back to current 1.0396 level. Read More UPCOMING EVENTS 2012-04-18 08:00 GMT | European Monetary Union Current Account s.a (Feb) 2012-04-18 08:30 GMT | United Kingdom Bank of England Minutes 2012-04-18 08:30 GMT | United Kingdom ILO Unemployment Rate (3M) (Apr) 2012-04-18 08:30 GMT | United Kingdom Claimant Count Change (Mar) FOREX NEWS 2012-04-18 04:31 GMT | GBP/USD in trendless period ahead of BoE Minutes 2012-04-18 04:24 GMT | EUR/USD unchanged above 1.3120 2012-04-18 00:31 GMT | Australia Feb Conference Board Australia Leading Index 0.2% 2012-04-18 00:15 GMT | USD/JPY pushes above 81.00 -------------- EURUSD : 1.31177 / 1.31178 DAILY WEEKLY MONTHLY 1.3313 | 1.3257 | 1.3214 | 1.3153 1.3090 | 1.3047 | 1.3000 | 1.2953 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD didn’t made any significant moves yesterday as it traded in a consolidation mode between the 1.3090 (S1) and 1.3153 (R1) levels. A break below 1.3090 would suggest a target of 1.3047 (S2) and further fall will then focus on 1.3000 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) we expect the price to retest 1.3153 (R1) and a break above that level will concentrate our focus on 1.3214 (R2). -------------- GBPUSD : 1.59288 / 1.59302 DAILY WEEKLY MONTHLY 1.6088 | 1.6048 | 1.5984 | 1.5951 1.5909 | 1.5858 | 1.5819 | 1.5763 SUMMARY : Up TREND : Up trend MA10 : Bearish MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD formed a top on yesterday’s trading session at 1.5970 and then fell forming a low just above first support level at 1.5920. Now it seems it is moving away from 1.5909 (S1) to retest the resistance levels. A break above 1.5951 (R1) would suggest a target of 1.5984 (R2) and a further rise will then focus on the next target at 1.6048 (R3). On the downside, if the price breaks below the first support level of 1.5909 (S1) we can expect retesting of 1.5858 (S2). A further decline will then bring focus to the next support level at 1.5819 (S3). ---------------- USDJPY : 81.379 / 81.383 DAILY WEEKLY MONTHLY 83.31 | 82.98 | 82.43 | 81.82 81.13 | 80.73 | 80.29 | 79.88 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY made a sharp move upwards this morning and successfully broke above yesterday’s resistance level. Only a break above 81.82 (R1) will confirm our long positions targeting our resistance levels. A stop loss should be placed at 80.73 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 20, 2012 Author Report Share Posted April 20, 2012 Daily Forex Market by FXCC 20Apr2012 EUR/USD capped below 1.3150 ahead of German IFO business climate EUR/USD kept on tightening its trading range once again during the Asia-PacÃfic session in the last trading day of the week in the region, last at 1.3145, with session highs at 1.3154 and lows at 1.3128. Daily 14 ATR volatility indicator shows a record low reading since early December last year, indicative of the very thin range the pair has trade within this week, ahead of a pretty bussy next week. Local share markets trade with no exception in the red with Nikkei down by -0.39%. The London session ahead has a main risk even in the form of German Ifo Business Climate index, expected to come in line with previous, which will set the pace for EUR/USD at 08:00 GMT, till next key risk event follows thru at 12:30 GMT in the form of US CPI figures. IMF and G20 meetings also start today, with French first round elections to take place Sunday, and Sarkozy starting to feel the pain in the polls. The EUR/AUD cross has touched a fresh 7-day high of 1.2736 this Friday in Asia, largely on the back of Aussie weakness after the export price index fell 7.0% in the first quarter versus expectations of a 0.2% decline, adding to views that Australia’s terms of trade are poised to cool in the months ahead. The pair is now at 1.2730 vs. 1.2714 late Thursday in New York, recording a modest 0.1% gain on the day, amid a relatively quiet session in FX. AUD/USD trades at 1.0320 vs 1.0322 before the release. Read More https://support.fxcc.com/email/technical/20042012/ UPCOMING EVENTS 2012-04-20 08:00 GMT | Germany IFO - Business Climate (Apr) 2012-04-20 08:00 GMT | Germany IFO - Current Assessment (Apr) 2012-04-20 08:30 GMT | United Kingdom Retail Sales (YoY) (Mar) 2012-04-20 08:30 GMT | United Kingdom Retail Sales ex-Fuel (YoY) (Mar) FOREX NEWS 2012-04-20 04:22 GMT | GBP/USD trades quietly ahead of UK Retail Sales 2012-04-20 01:31 GMT | Australia Export Price Index (QoQ) -7% in 1Q 2012-04-20 01:30 GMT | Australia Import Price Index (QoQ) -1.2% in 1Q 2012-04-20 01:04 GMT | USD/JPY at weekly highs, resistance at 81.80 ---------------- EURUSD 1.31530 / 1.31534 DAILY WEEKLY MONTHLY 1.3314 | 1.3269 | 1.3214 | 1.3153 1.3057 | 1.3000 | 1.2957 | 1.2905 SUMMARY : Neutral TREND : Neutral MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD didn’t made any significant moves yesterday as it traded in a trading range between 1.3153 (R1) and 1.3057 (S1) level. The only difference from the last trading session is that the pair is moving just below the first resistance level. We remain flat on EURUSD until we see a clear break out and in which direction it will move to develop an uptrend or a downtrend with more reliable support and resistance levels. No position. GBPUSD : 1.60647 / 1.60658 DAILY WEEKLY MONTHLY 1.6245 | 1.6178 | 1.6129 | 1.6072 1.6009 | 1.5963 | 1.5909 | 1.5858 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD formed a top on yesterday’s session at 1.6072 (R1) and then fell forming a new low at 1.6009. Now it seems it is moving away from this level to retest the resistance levels. A break above 1.6072 (R1) would suggest a target of 1.6129 (R2) and a further rise will then focus on the next target at 1.6178 (R3). On the downside, if the price breaks below the first support level of 1.6009 (S1) we can expect retesting of 1.5963 (S2). A further decline will then bring focus to the next support level at 1.5909(S3). --------------- USDJPY : 81.536 / 81.538 DAILY WEEKLY MONTHLY 82.67 | 82.13 | 81.87 | 81.69 81.39 | 81.13 | 80.73 | 80.29 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY fell from 81.75 and formed a lower top at 81.69(R1) after which the price rebounded from 81.39 (S1). A break above the first resistance level of 81.69 (R1) would suggest a target of 82.13 (R3). If the price holds its momentum on the upside we can expect a further rise towards 82.67 (R4). On the other hand, if the price does not manage to break above 81.69 (S1) we can expect the pair to retest support at 81.39 (S1) and a further fall will be limited to 81.13 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted April 23, 2012 Author Report Share Posted April 23, 2012 Daily Forex Market by FXCC 23Apr2012 EUR/USD steady below 1.3200 EUR/USD has been around the 1.3200 round mark up and down during Asian session, last at 1.3194, printing session lows at 1.3177 and highs at 1.3209, slightly below Friday's close. Local share markets trade in the red overall, with Nikkei index down by -0.19%. For the London session ahead not many big risk events Euro related will come out but PMI figures, first French one at 07:00 GMT, followed by Germany one half hour later, and EU manufacturing PMI at 08:00 GMT, all of them expected to come slightly better than previous. Investors are fleeing the Australian Dollar through the Asian session on a lower-than-expected Australian PPI print, which came at +1.4 YoY, -0.3 QoQ actual against 2.2%, 0.4% consensus, respectively. The Australian Dollar had been trading sluggish in the lead-up to the event as equity markets turned from flat to red territory despite last Friday's risk appetite mood. The results make the case for an RBA rate cut in the next policy meeting even more likely now. Read More https://support.fxcc.com/email/technical/23042012/ UPCOMING EVENTS 2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Manufacturing (Apr) 2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Services (Apr) 2012-04-23 08:00 GMT | EU - Purchasing Manager Index Manufacturing (Apr) 2012-04-23 08:00 GMT | EU - Purchasing Manager Index Services (Apr) FOREX NEWS 2012-04-23 05:03 GMT | Japan: Coincident Index (Feb): 95 2012-04-23 01:43 GMT | AUD/USD declines on Australia PPI data 2012-04-23 01:31 GMT | Australia 1Q Producer Price Index (QoQ) -0.3% 2012-04-23 01:30 GMT | Australia 1Q Producer Price Index (YoY) 1.4% ---------------- EURUSD : 1.31897 / 1.31904 DAILY WEEKLY MONTHLY 1.3367 | 1.3313 | 1.3269 | 1.3214 1.3153 | 1.3102 | 1.3057 | 1.3000 SUMMARY : TREND : Up trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD gained momentum in Friday’s session and formed a higher bottom and top, successfully penetrating Friday's resistance level. After that the price found a strong resistance at 1.3214 (R1) a strong technical level. We expect the price to move upwards but only a break above 1.3214 (R1) will give as a confirmation for long positions targeting 1.3269(R2) and further rise will then be limited at 1.3313 (R3). A stop loss should be placed above 1.3153 (S1). --------------- GBPUSD : 1.61166 / 1.61178 DAILY WEEKLY MONTHLY 1.6291 | 1.6247 | 1.6189 | 1.6143 1.6078 | 1.6009 | 1.5963 | 1.5909 SUMMARY : TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD made a sharp move upwards and successfully broke above Fridays’s resistance level continuing the upward move. As long as it is above our first support level 1.6078 (S1), we can look for long positions targeting 1.6247 (S3). A stop loss should be placed at 1.6009 (S2) but the most conservative and tactical traders can hold and wait for the break above 1.6143 (R1) to open their long positions. -------------- USDJPY : 81.286 / 81.292 DAILY WEEKLY MONTHLY 83.43 | 82.89 | 82.34 | 81.77 81.20 | 80.73 | 80.29 | 79.61 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY fell from 81.77 (R1) and formed a lower bottom at 81.25 after which the price rebounded from from that level. A break above the first resistance level of 81.77 (R1) would suggest a target and retest of 82.34 (R2). If the price holds its momentum on the upside we can expect a further rise towards 82.89 (R3). On the other hand, if the price does not manage to break above 81.77 (R1) we can expect the pair to retest support at 81.20 (S1) and a break below that level would suggest target at 80.73 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
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