Market Overview by FXCC

[alayoua]

Daily Forex Market by FXCC 31Jan2012

 

Daily Forex Market by FXCC 31Jan2012

 

MARKET OVERVIEW – JANUARY 31 2012

Futures traders increase net shorts on the euro-dollar

The yen appreciated by 1% to 100.34 per euro by 5 p.m. New York time on Monday evening having earlier touched 99.99, the lowest level witnessed since Jan. 23. The Japanese currency strengthened 0.5 percent to 76.35 per dollar, reaching 76.22. Traders will recall that the yen touched 75.35 yen on Oct. 31st, this set a post World War II record low. After falling below 76.50 and reaching a 3-month low at 76.20, USD/JPY was unable to bounce above the 76.30 level and has been trading trapped in a tight range between 76.25 and 76.30. Price is currently printing at circa 76.30. The euro declined 0.1 percent to 1.20528 Swiss francs after sliding to 1.20405, the weakest level seen since Sept. 19th. The EUR/CHF did then recover after hitting the 4-month low. The Euro rose up after reaching its lowest level in 4 months versus the Franc, climbing back above the 1.2050 level as investors awaited positive news from the EU summit. After gaining ground for ten successive days, GBP/USD finally managed to end it's secular bullish run trading in New York at 1.5707 on Monday where it remains in consolidation, having lost a moderate 0.13% on the day.

Read More

 

UPCOMING EVENTS

2012-01-31 00:01 GMT | United Kingdom Gfk Consumer Confidence (Jan)

2012-01-31 07:00 GMT | Germany Retail Sales (YoY) (Dec)

2012-01-31 08:55 GMT | Germany Unemployment Rate s.a. (Jan)

2012-01-31 10:00 GMT | European Monetary Union Unemployment Rate (Dec)

 

FOREX NEWS

2012-01-31 05:02 GMT | Japan Dec Housing Starts (YoY) -7.3%

2012-01-31 00:31 GMT | Australia National Australia Bank's Business Confidence increase to 3 in Dec.

2012-01-31 00:04 GMT | Japan: Industrial production flat, 2.5% increase predicted in January

2012-01-31 00:02 GMT | UK - Jan Gfk Consumer Confidence rises to -29

 

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EURUSD 1.31764 / 1.31769

DAILY WEEKLY MONTHLY

High: 1.31985 | Low: 1.31334 | Chg: 0.0034 0.25%

 

 

Resistance Levels : 1.3347 | 1.3313 | 1.3275 | 1.3234

Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD moved upwards and managed to stay above yesterday’s support 1.3075 (S2) and now it is moving towards 1.3234 (R1). A break above that level, we are suggesting a further rise towards 1.3275 (R2) and then 1.3313 (R3). On the other hand, if the price manages to hold below 1.3234 (R1) then we can expect retest of 1.3133 (S1) and then we will focus on 1.3075 (R2).

 

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GBPUSD 1.57359 / 1.57368

DAILY WEEKLY MONTHLY

High: 1.57423 | Low: 1.56979 | Chg: 0.0026 0.17%

 

 

Resistance Levels : 1.5879 | 1.5845 | 1.5813 | 1.5742

Support Levels : 1.5658 | 1.5626 | 1.5579 | 1.5535

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD found a strong support at 1.5658 (S1) level and this morning the price formed a top at 1.5742.Now it seems to be heading towards level 1.5742 (R1). A break above that level would suggest a target of 1.5813 (R2) and a further rise will then focus on the next target at 1.5845 (R3). On the downside, if the price rebounds from the first resistance level we can expect retesting of 1.5658 (S1), a technical and psychological level. A further decline will then bring focus to the next support level at 1.5626 (S2).

 

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USDJPY 76.322 / 76.327

DAILY WEEKLY MONTHLY

High: 76.413 | Low: 76.175 | Chg: -0.009 -0.01%

 

 

Resistance Levels : 78.28 | 77.55 | 76.89 | 76.42

Support Levels : 75.45 | 75.06 | 74.63 | 74.16

 

SUMMARY : Down

TREND : down trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY lost momentum yesterday and it is moving downwards towards our support levels. (R1). A break below 76.00 level will give us a proper confirmation for short positions targeting 75.45 (S1) and 75.06 (S2), as we expect the pair to continue its downwards pressure. A stop loss should be placed above 76.89 (S1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/31012012

[alayoua]

39% Of Forex Traders Are Profitable

 

I hope you’re OK reader, after all that must have come as quite a shock. Now you’ve picked yourself up the floor, after reading the article title, which is a fact (well kinda), we’ll dwell on the subject at hand; why do so many lose at trading forex and what are the adjustments so many have to make in order to be in that top forty percent of winners?

 

OK, before we go any further let’s firstly deal with the 39% of winning traders quote. The fact comes as courtesy of forexmagnates in their redux lite version of a report covering the profitability and performance of USA based forex brokers. The leading figure was 39.1% client profitability from a broker who had circa 24,000 active accounts. There’s also other interesting snippets of information that are worth noting before we move on.

 

http://blog.fxcc.com/wp-content/uploads/2012/01/39-percent-of-forex-traders-are-profitable.jpg

 

There was a steep fall in the number of accounts and activity levels in 2011 whilst the percentages of profitable traders increased. This could suggest a couple of interesting points, firstly are we collectively getting better at what we do? Or (and it’s not mutually exclusive) have a lot of ‘amateurs’ left the arena, gone back to the day job, leaving the numbers to be enhanced by the superior or more proficient traders? More importantly the number of brokers has shrunk, only the fittest of traders aided by most regulatory compliant firms will thrive.

 

* Number of forex accounts held with US forex brokers drops by more than 11,000 to all time low of 97,206

* Clients’ profitability is up 6.4% on average, second consecutive quarter that profitability is improvin

 

The US retail forex industry is now showing obvious signs of slow down, the number of non-discretionary retail forex accounts held with US based reporting brokers down to record 97,206, the lowest count reported since Q3 2010 when first such report was released. The extreme regulatory climate has made it extremely difficult for American brokers to attract new clients. However, out of the top ten forex clients listed the lowest recorded level of profitability was circa 32%.

 

It’s fascinating how many of us would receive a paradigm lightening bolt to our pre-conceptions when hit with the kind of figure that led this article. I’m not alone in taking ‘at face value’ some of the data and assumptions that come our way as forex traders. Instinctively I ‘knew’ that the unsubstantiated figure often hurled around trading forums; that only 10% of traders are profitable, was nonsense.

 

Having enquired at director level and read a comprehensive investors intelligence report, the reasonable figure for success was estimated at 20%, double the previous assumption, but 39% certainly took many by surprise the first time it was published, even more so that the top ten USA brokers have clients enjoying a 32% success rate. There is, however, a caveat, my twenty percent figure includes spread betters who could in theory be skewing the data due to being much worse traders (en masse) than pure play forex traders, a theory worth examining at a later date.

 

A question often raised by these type of success stats is “are a tiny percentage of successful traders distorting these figures?” But generally percentages, averages and the distribution of random data doesn’t work like that, and we should already know this being traders. If circa 40% of trades are profitable then the figure for the percentage of actual traders being profitable will be fairly close to that number.

 

In the first paragraph we posed the question why are so many traders unprofitable? Well armed with this new information I wonder if that assumption shouldn’t be examined in more detail. Firstly, out of the circa 97,000 live accounts held in the USA roughly one third are profitable, now not all of these account holders will be full time dedicated sole occupation forex traders, some accounts would be used as ‘punting’ accounts, folk who bet as opposed to trade (and we can save the obvious cerebral discussion on the difference for another time).

 

It’s impossible to gauge that breakdown of actual numbers of profitable traders from the information and data, but a figure above 50% would be a fairly safe bet and let’s just take our logic a stage further; in order to be full time, (for some time), the vast majority would have to be profitable, otherwise they’d simply give up the job. It’s interesting to note the further away we’re moving from this fantasy 10% figure the more we analyse a small piece of hard (audited) data.

 

There’s another aspect to this debate on success that’s also worth mentioning, perhaps supporting the view that FX is the best environment to trade in. If the wider trading success figure is closer to 20%, but the top ten USA FX brokers’ clients are all above 32%, then are we being delivered an obvious message there? If you want to enhance the probability of being a profitable trader then trade FX over and above equities, or indices and only consider using (dare I say it) an ECN/STP broker such as FXCC.

 

Here’s my own take on a more human level so to speak; I refuse to accept that anyone who has gone through my pain barriers over the past five years or so, who has gone to the extremes of discovery I realised was compulsory in order to become a consistently profitable forex trader, wouldn’t ultimately be successful and by successful I’d suggest a metric of taking a regular and reasonable salary or investment return of the forex market. And as I’ve stated on numerous occasions unless you attack our ‘forex challenge’ full time you’ll never ‘kick off the shoes’ and trade part time in a laid back fashion, that’s a luxury that only comes from experience.

 

Back to the question posed in the initial paragraph; “why do so many lose at trading forex and what are the adjustments so many have to make in order to be in that top forty percent of winners?” I’ll leave you with six reasons and please feel free to join in on the blog with your own suggestions or additions. Now I’m not about to ‘eulogise’ on the reasons and of provide solutions, it’s a straightforward list and there’s no riddle, the answers are there, the solution evident.

 

But firstly a recap, if close on forty percent of traders are successful then success as a profitable forex trader may be more in reach than you’d first envisaged. And that one figure, far higher than most would have anticipated, should be heralded as encouragement for fledgling traders.

 

Six Reasons For Failure

Read the full story

 

Source: FX Central Clearing Ltd, (http://blog.fxcc.com FXCC Blog)

URL: http://blog.fxcc.com/39-of-forex-traders-are-profitable

[Malcolm Gunawan]

This is v interesting. I always thought the percentage of traders who are profitable is much lower.

[Kristianto]

i read somewhere it is like 10% or maybe even less?

[alayoua]

Daily Forex Market by FXCC 01Feb2012

 

Daily Forex Market by FXCC 01Feb2012

 

MARKET OVERVIEW – FEBRUARY 01 2012

EUR/USD slips to five day lows due to a flight to safety

 

The euro traded at $1.3090 as of 8:00 a.m. in Tokyo from $1.3084 in New York yesterday where it slid by 0.5 percent. The seventeen nation shared common currency was little changed at 99.88 yen after touching 99.55 yesterday, the lowest price seen since Jan. 23. The dollar bought 76.31 yen from 76.27. USD/JPY dipped to as low as 76.15 on Tuesday, extending its decline to a fresh 3-month low. GBP/USD rallied to a zone at circa 1.5795 on Tuesday, reaching fresh 2-month highs from an earlier low of 1.5697. The pair ended the American session at 1.5754, 0.3% above its opening price. The amount of retail FX traders who are long Euro vs the Swissy has hit record highs according to the team at Daily FX, most expect that the Swiss National Bank will defend their stated Euro/Swiss Franc exchange rate at SFr 1.2000. Over 96% of retail traders are long.

 

NZD/USD opened Wednesday’s Asia-Pacific session with a bid appearance after peaking and closing at its highest price in four months. The pair climbed to the 0.8300 price zone overnight, up from a low of 0.8176. NZD/USD ended the American session at 0.8259, 0.85% up on the day. The Australian dollar surrendered most of its earlier gains versus the U.S. dollar on Tuesday, retreating sharply from the 1.0680 price zone. AUD/USD ended trade in New York at 1.0618, gaining 0.20% on the day.. The USD/CAD ended Tuesday with modest gains. The pair leapt from 3-month lows at 0.9962 to 1.0051.

 

UPCOMING EVENTS

2012-02-01 01:00 GMT | China NBS Manufacturing PMI (Jan)

2012-02-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Jan)

2012-02-01 08:53 GMT | Germany Purchasing Manager Index Manufacturing (Jan)

2012-02-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Jan)

 

FOREX NEWS

2012-02-01 06:25 GMT | USD/JPY investors patiently await cues from BoJ

2012-02-01 01:09 GMT | Aussie underpinned after 50.5 China Manuf PMI

2012-02-01 01:01 GMT | China Jan NBS Manufacturing PMI up to 50.5

2012-02-01 00:03 GMT | Australia Dec HIA New Home Sales (MoM) -4.9%

 

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EURUSD 1.30373 / 1.30380

High: 1.30906 | Low: 1.30325 | Chg: -0.0044 -0.34%

SUMMARY: Up

INTRADAY TREND: Upward penetration

MA10: Bullish

MA20: Bearish

STOCHASTIC: Overbought

 

 

Resistance Levels: 1.3274 | 1.3233 | 1.3161 | 1.3090

Support Levels: 1.3050 | 1.2988 | 1.2931 | 1.2877

 

Intraday Analysis: EURUSD made a sharp move downwards and formed a bottom at 1.3050 (S1) a strong technical support level. It now seems that it is going to retest 1.3050 (S1). A break below that level will be suggesting target at 1.2988 (S2) as we are in a correction phase of our uptrend. On the other hand if the price manages to break above 1.3090 (R1) we will then expect the price to retest 1.3161 (R2) and then further rise will then approach towards 1.3233 (R3).

 

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GBPUSD 1.57329 / 1.57334

High: 1.57666 | Low: 1.57277 | Chg: -0.0027 -0.17%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.6027 | 1.5945 | 1.5860 | 1.5726

Support Levels: 1.5626 | 1.5656 | 1.5552 | 1.5515

 

Intraday Analysis: GBPUSD has successfully broke above yesterday resistance 1.5726 and formed a top at 1.5796 (R1) and now it seems that it is heading towards 1.5656 (S2) for a correction. Fail to break below first support level then we will expect the price to retest 1.5796 (R1) and then further rise will limit to 1.5860 (S2). Our recommendations for today’s session is short positions targeting 1.5656 (S2) with a stop loss above 1.5796 (R1).

 

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USDJPY 76.225 / 76.230

High: 76.308 | Low: 76.145 | Chg: -0.037 -0.05%

SUMMARY: Neutral

INTRADAY TREND: Side way

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 78.28 | 77.84 | 77.28 | 76.63

Support Levels: 75.54 | 75.04 | 74.58 | 74.13

 

Intraday Analysis: USDJPY it is moving in trading range between the levels of 76.41 and 76.14. A break above upper level we be suggesting target at 77.28 (R2). On the other hand if the price breaks below lower level 76.14 then it will confirm our short position targeting 75.54 (S1) a technical and psychological level as it is a record low since 20 Oct. 2011.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/01022012

[alayoua]

Daily Forex Market by FXCC 02Feb2012

 

Daily Forex Market by FXCC 02Feb2012

 

MARKET OVERVIEW – FEBRUARY 02 2012

Cable puts on over 600 pips inside two weeks

The dollar was at $1.3169 per euro as of 8:13 a.m. in Tokyo from $1.3161 in New York yesterday. It slid to $1.3234 on Jan. 27, the lowest since Dec. 13. The yen dipped 0.1 percent to 100.35 per euro after losing 0.5 percent yesterday. The Japanese currency was little changed at 76.19 per dollar and within only one yen of a record high set on Oct. 31 suggesting further BOJ intervention (by selling the yen) is only a matter of time. The GB pound traded above the 1.5800 mark, levels not seen since past November 2011. After bottoming at 1.5236 past Jan 13th, the pair has seen a steady winning strike adding over 600 pips during the past 2 weeks. The Swiss Franc bounced from the low of 0.9115 on Wednesday, the lowest level seen since December 2nd and the December 27 low. The pair began to rise at this level to gain 50 pips reaching prices above 0.9150, however, in early Asian trading the pair is now back printing quotes at 0.91340.

 

UPCOMING EVENTS

2012-02-02 00:30 GMT | Australia Trade Balance (Dec)

2012-02-02 07:00 GMT | Switzerland Trade Balance (Dec)

2012-02-02 10:00 GMT | EU - Producer Price Index (YoY) (Dec)

2012-02-02 10:00 GMT | EU - Producer Price Index (MoM) (Dec)

 

FOREX NEWS

2012-02-02 05:35 GMT | EUR/USD capped by 1.3200 in Asia

2012-02-02 05:14 GMT | EUR/JPY; bullish key reversal pattern confirmed

2012-02-02 00:33 GMT | Australia Dec Trade Balance 1.71B

2012-02-02 00:32 GMT | Australia Building Permits (MoM) -1% in Dec

 

EURUSD 1.31752 / 1.31758

DAILY WEEKLY MONTHLY

High: 1.31965 | Low: 1.31583 | Chg: 0.0015 0.11%

 

 

Resistance Levels :1.3372 | 1.3332 | 1.3267 | 1.3234

Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962

 

SUMMARY up

TREND up trend

MA10 neutral

MA20 neutral

STOCHASTIC neutral

 

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MARKET ANALYSIS - Intraday Analysis

EURUSD made a high at 1.3218 just a few pips away from the year high and our first resistance 1.3234 (R1) as it continued its move upwards (since January 13th). Going above the nearest resistance level at 1.3234 (R1) would confirm continuation of the bullish trend, towards the next objective upwards 1.3267 (R1). And if the price holds its momentum on the upside we can expect a further rise towards 1.3332 (R3). On the other hand, if the price does not manage to break above 1.3234 (R1) then we can expect the pair to retest support at 1.3133 (S1) and a further fall will be limited to 1.3075 (S2).

 

GBPUSD 1.58478 / 1.58493

DAILY WEEKLY MONTHLY

High: 1.58573 | Low: 1.58256 | Chg: 0.0015 0.09%

 

 

Resistance Levels : 1.5984 | 1.5967 | 1.5924 | 1.5882

Support Levels : 1.5798 | 1.5704 | 1.5653 | 1.5551

 

SUMMARY up

 

 

TREND up trend

MA10 neutral

MA20 neutral

STOCHASTIC Overbought

 

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MARKET ANALYSIS - Intraday Analysis

GBPUSD raised sharply yesterday and continued in rise from 1.5704 (S2) forming a top at 15882 (R1). If GBPUSD break above that level, we can expect target at 1.5924 (R2). Further rise will then focus on 1.5967 (R3). On the downside, decline below current support level 1.5798 (S1) will confirm our short positions towards 1.5704 (S2). Deeper fall will be probably be limited at 1.5653 (S3) support.

 

USDJPY 76.123 / 76.127

DAILY WEEKLY MONTHLY

High: 76.212 | Low: 76.107 | Chg: -0.087 -0.11%

 

 

Resistance Levels : 78.67 | 78.13 | 76.79 | 76.42

Support Levels : 76.01 | 75.53 | 75.03 | 74.51

 

SUMMARY Down

TREND sideway

MA10 bearish

MA20 Bearish

STOCHASTIC overbought

 

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MARKET ANALYSIS - Intraday Analysis

The USDJPY still trapped in range area of 76.42 – 76.01. A break in either direction will determine the trading bias in today’s session. Break below 76.01 will confirm our short positions targeting 75.53 (S2) and further fall will be limited at 75.03 (S3). On the other hand, a break above the first resistance level 76.42 (R1) will expect t the price to retest 76.79 (R2). In a longer time frame the pair is in a downtrend and both of our Moving Averages are bearish therefore wait for a break below 76.01 (S1) and then open a short position targeting second support level. A stop loss should be placed above 76.79 (R2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/02022012

[alayoua]

Daily Forex Market by FXCC 06Feb2012

 

Daily Forex Market by FXCC 06Feb2012

 

The euro weakened versus 13 of its 16 major counterparts

 

USD/JPY opened the Asian trading session on Monday morning with an upside-gap price of 76.59, up from 76.54 Friday down from the recent (4-day high) of 76.13 printed last week. The euro fell 0.2 percent to $1.3129 as of 8:15 a.m. in Tokyo from the close in New York on Feb. 3. It lost 0.3 percent to 100.50 yen. GBP/USD has traded a limited 1.5785/1.5823 range at the start of trading this Monday, last at 1.5800.

 

AUD/USD has been slowly declining since Tokyo opened at 00:00 GMT. Data for both retail sales and jobs ads were disappointing in Aus., retail sales fell -0.1% expected to come in positive +0.2%, newspaper job ads fell -2.6% internet job ads rose +6.4. USD/CAD. After falling around 100 pips from its intra-day high at 1.0040, the Dollar has found support versus the Canadian at the lowest level seen since October 31 at 0.9930.

Read More

 

UPCOMING EVENTS

2012-02-06 00:31 GMT | Australia Retail Sales s.a. (MoM) (Dec)

2012-02-06 08:00 GMT | United Kingdom Halifax House Prices (3m/YoY) (Jan)

2012-02-06 09:30 GMT | EU - Sentix Investor Confidence (Feb)

2012-02-06 11:00 GMT | Germany Factory Orders s.a. (MoM) (Dec)

 

FOREX NEWS

2012-02-06 05:43 GMT | GBP/USD pressured in risk-off Asia

2012-02-06 03:38 GMT | AUD/USD trades down to 1.0700

2012-02-06 00:32 GMT | Australia ANZ Job Advertisements 6% in Jan

2012-02-06 00:31 GMT | Australia Dec Retail Sales s.a. (MoM) -0.1%

 

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EURUSD 1.30599 / 1.30605

DAILY WEEKLY MONTHLY

High: 1.31307 | Low: 1.30545 | Chg: -0.0097 -0.74%

 

 

1.3274 | 1.3241 | 1.3205 | 1.3167

1.3026 | 1.2986 | 1.2947 | 1.2909

 

SUMMARY : Down

TREND : down trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD continued to rise from 1.3026 (S1) and reached a high yesterday at 1.3205 (R2). It seems the pair is moving downwards and it will retest the first support 1.3026 (S1) soon. A break below that level would suggest a target of 1.2986 (S2) and a further decline will then focus on the next target at 1.2947 (S3). On the upside, if the price rebounds from the first support level 1.3026 (S1) we can expect retesting of 1.3167 (R1). A further rise will then bring focus to the next resistance level at 1.3205 (R2).

 

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GBPUSD 1.57723 / 1.57738

DAILY WEEKLY MONTHLY

High: 1.58217 | Low: 1.5765 | Chg: -0.0044 -0.28%

 

 

1.5913 | 1.5882 | 1.5860 | 1.5831

1.5749 | 1.5704 | 1.5653 | 1.5615

 

SUMMARY : Down

TREND : down trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5749 (S1). The pair reached a high at 1.5882 (R3) and then fell back towards 1.5749 (S1). Further fall will test 1.5704 (S2) and decline below this level, suggesting target at 1.5653 (S3). On the other hand, if price manages to stay above 1.5749 (S1) then we expect the price to retest 1.5831 (R1) and then further rise to 1.5860 (R2). We look for short positions in today’s session with a stop loss above 1.5831 (R1).

 

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USDJPY 76.705 / 76.708

DAILY WEEKLY MONTHLY

High: 76.802 | Low: 76.494 | Chg: 0.118 0.15%

 

 

77.97 | 77.58 | 77.29 | 76.89

76.01 | 75.54 | 75.05 | 74.69

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY rise sharply on Friday (70 pips) and made a top at 76.74. If it breaks above first resistance level 76.89 (R1) we can expect the price to approaches towards 77.29 (R1). Be on the alert for a correction downwards towards 76.49 and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue.

 

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/06022012

[alayoua]

Daily Forex Market by FXCC 07Feb2012

 

Daily Forex Market by FXCC 07Feb2012

 

Euro in limbo due to Greece stalemate..

The euro traded at $1.3122 as of 8:08 a.m. in Tokyo from $1.3130 in New York yesterday when it fell 0.2 percent. EUR/USD is trading a tight 1.3109-33 range in Tuesday’s Asia-Pacific session, last seen printing in the 1.3120 price zone, just above the 50-day EMA. The common currency was little changed at 100.47 yen after losing 0.3 percent yesterday. The dollar fetched 76.56 yen from 76.55. GBP/USD is trading in consolidation mode after rising around 100 pips during the days sessions from an intra-day low at 1.5730 to reach a daily high at 1.5840 on the back of talks on a possible Greece agreement. The pair is pricing at 1.5825, moving in a small range between 1.5820 and 1.5830. USD/CHF falls below 0.9200. The Dollar is currently trading lower versus the Swiss Franc. After testing highs at 0.9260, the USD/CHF fell sharply losing more than 90 pips to reach levels below 0.9200 and trade close to 0.9180. Price has been hitting 0.9200 in the early part of the Asian/Pacific session.

 

AUD/USD has been (late evening/early morning) in a consolidation range, trading between 1.0680 and 1.0763, ending the day lower at 1.0723, 25 pips below its starting price. In the Asia-Pacific session the paring is virtually unchanged, hovering circa 1.0720, as investors await the RBA interest rate decision. The Canadian currency, nicknamed the loonie, appreciated 0.9 percent to 99.34 cents per U.S. dollar yesterday in Toronto, from C$1.0018 on Jan. 27, the longest winning streak since the four weeks ended Oct. 28. The loonie touched 99.28 cents yesterday, the most since Oct. 31. One Canadian dollar buys $1.0066. At 1:00 am the price is currently 99.61 down 0.02 in the first part of the Asian/Pacific session.

Read More

 

UPCOMING EVENTS

2012-02-07 03:30 GMT | Australia RBA Interest Rate Decision (Feb 7)

2012-02-07 05:00 GMT | Japan Leading Economic Index (Dec) Preliminar

2012-02-07 11:00 GMT | Germany Industrial Production s.a. w.d.a. (YoY) (Dec)

2012-02-07 11:00 GMT | Germany Industrial Production s.a. (MoM) (Dec)

 

FOREX NEWS

2012-02-07 05:03 GMT | Japan Dec Coincident Index increase to 93.2

2012-02-07 05:02 GMT | Japan: Leading Economic Index (Dec): 94.3

2012-02-07 03:30 GMT | RBA Interest Rate Decision steadies at 4.25% in Feb 7

2012-02-07 00:01 GMT | UK - BRC Retail Sales Monitor - All (YoY) -0.3% in Jan

 

---------------

EURUSD 1.31137 / 1.31144

DAILY WEEKLY MONTHLY

High: 1.31366 | Low: 1.30891 | Chg: -0.0017 -0.13%

 

 

 

1.3247 | 1.3205 | 1.3167 | 1.3141

1.3026 | 1.2962 | 1.2909 | 1.2873

 

SUMMARY : up

TREND : sideway

MA10 : bullish

MA20 : bullish

STOCHASTIC :: neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

 

---------------

GBPUSD 1.58071 / 1.58081

DAILY WEEKLY MONTHLY

High: 1.58314 | Low: 1.57962 | Chg: -0.0016 -0.1%

 

 

 

1.5919 | 1.5882 | 1.5860 | 1.5831

1.5729 | 1.5704 | 1.5653 | 1.5604

 

SUMMARY :up

TREND : up trend

MA10 : Bullish

MA20: bullish

STOCHASTIC : oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

 

---------------

USDJPY 76.665 / 76.669

DAILY WEEKLY MONTHLY

High: 76.78 | Low: 76.517 | Chg: 0.118 0.15%

 

 

 

77.92 | 77.68 | 77.29 | 76.80

76.49 | 76.25 | 76.01 | 75.54

 

SUMMARY : up

TREND : up trend

MA10 : bullish

MA20 : bullish

STOCHASTIC : oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/07022012

[alayoua]

Daily Forex Market by FXCC 08Feb2012

 

Daily Forex Market by FXCC 08Feb2012

 

The euro was 0.1 percent from an eight-week high..

 

The euro traded at $1.3252 as of 8:30 a.m. in Tokyo from $1.3261 in New York yesterday, when it climbed to as high as $1.3270, the most since Dec. 12. The shared currency was little changed at 101.80 yen after advancing 1.3 percent to 101.79 yen yesterday. The yen was at 76.80 per dollar from 76.76. GBP/USD ranged below 1.5900, the British pound hit a fresh 3-month high versus the greenback, peaking at 1.5903 from an earlier low of 1.5786 before experiencing a slight pullback to end the American session at 1.5894, up circa 0.47% on the day. EUR/CHF rose more than 40 pips throughout Tuesday and hit its highest rate since Jan 25 at 1.2100 before retreating. Interim head of the SNB, Thomas Jordan, confirmed Tuesday that the SNB is determined to maintain the minimum exchange rate at circa 1.20.

 

The Canadian currency appreciated 0.2 percent to 99.44 cents per U.S. dollar at 5 p.m. Toronto time, after weakening earlier as much as 0.4 percent. It advanced on Feb. 3 to 99.28 cents, the strongest level since Oct. 31. One Canadian dollar buys $1.0056. The Canadian dollar fell against the euro for a second day, weakening 0.8 percent to C$1.3188. The Australian Dollar reached a 6-month high of 1.0823 versus the Greenback during the Asian session on Tuesday as the RBA surprised the market by keeping rates unchanged against expectations of a 25 bp cut. It's where the pair peaked and subsequently traded in a range through the both the European and NY session.

Read More

 

UPCOMING EVENTS

2012-02-08 05:01 GMT Japan Eco Watchers Survey: Current (Jan)

2012-02-08 05:01 GMT Japan Eco Watchers Survey: Outlook (Jan)

2012-02-08 06:45 GMT Switzerland Unemployment Rate n.s.a (MoM) (Jan)

2012-02-08 07:00 GMT GermanyTrade Balance s.a. (Dec)

 

FOREX NEWS

2012-02-08 06:32 GMT EUR/USD breaks higher ahead of London

2012-02-08 05:10 GMT Japan Jan Eco Watchers Survey: Outlook 47.1

2012-02-08 00:01 GMT United Kingdom Jan BRC Shop Price Index (MoM) 1.4%

2012-02-08 00:00 GMT Japan Trade Balance - BOP Basis ¥-145.8B in Dec

 

--------------------

EURUSD 1.32725 / 1.32729

DAILY WEEKLY MONTHLY

High: 1.32866 | Low: 1.32414 | Chg: 0.0013 0.09%

 

 

1.3398 | 1.3371 | 1.3340 | 1.3313

1.3205 | 1.3096 | 1.3026 1.2979

 

SUMMARY : up

TREND : up trend

MA10 : bullish

MA20 : bullish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD has successfully broken above yesterday's resistance of 1.3141 and took out our 2 targets that were set below 1.3205. The price broke above that level and this is a valid breakout of the trading range (H4). Traders that held their positions as per yesterday’s analysis, saw gains of +150. The price now seems to be heading towards 1.3313 (R1). If the pair fails to reach that level we can expect the price to retest 1.3241 and then to continue its upward move as we are in a clear uptrend in the intraday timeframe since the beginning of February. Look for long positions as the momentum is upwards.

 

---------------

GBPUSD 1.59098 / 1.59106

DAILY WEEKLY MONTHLY

High: 1.59179 | Low: 1.58859 | Chg: 0.0017 0.11%

 

 

1.6137 | 1.6014 | 1.5987 | 1.5940

1.5860 | 1.5831 | 1.5788 | 1.5729

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD saw a sharp rise yesterday and broke above 1.5882, the second target in yesterday’s analysis (+80) and continued to rise from 1.5788 (S3) forming a top at 1.5900 . If the GBPUSD holds above that level we can expect a target at 1.5940 (R1). A further rise will then focus on 1.5987 (R3). On the other hand, if the price does not manage to hold above 1.5884 we can expect the price to move downwards and retest the first support level at 1.5860 (S1) a technical and psychological level for the bulls. We believe the upward momentum will continue.

 

---------------

USDJPY 77.082 / 77.087

DAILY WEEKLY MONTHLY

High: 77.155 | Low: 76.739 | Chg: 0.325 0.42%

 

 

78.32 | 77.92 | 77.68 | 77.15

76.49 | 76.25 | 76.01 | 75.54

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY gained momentum yesterday and made a top at 77.15 (S1) penetrating all of our resistance levels. A break above 77.15 (R1), our first resistance level, will give us a proper confirmation for long positions targeting 77.92 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 76.49 (S1). A further fall will then bring focus to the next support level at 76.25 (S2) and 76.01 (S3) a technical and psychological level.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/08022012

[alayoua]

Daily Forex Market by FXCC 09Feb2012

 

Daily Forex Market by FXCC 09Feb2012

 

Australia’s dollar reached C$1.0784 on Wednesday, its highest level versus the loonie since May 1997.

 

The euro fell 0.1 percent to $1.3245 as of 8:30 a.m. in Tokyo from the close in New York yesterday. The European currency declined 0.1 percent to 102.03 yen. The dollar was unchanged at 77.04 yen. The pound was little changed at $1.5811 after losing 0.5 percent yesterday. USD/CHF has been consolidating since a sell off around the 0.9100 area on Tuesday, trading a limited range between 0.9104 and 0.9148 overnight and then through Wednesday before ending the trading session in New York virtually unchanged, at 0.9120.

Read More

 

UPCOMING EVENTS

2012-02-09 01:30 GMT China Consumer Price Index (YoY) (Jan)

2012-02-09 12:00 GMT United Kingdom BoE Interest Rate Decision (Feb 9)

2012-02-09 12:00 GMT United Kingdom BoE Asset Purchase Facility (Feb)

2012-02-09 12:45 GMT EU - ECB Interest Rate Decision (Feb 9)

 

FOREX NEWS

2012-02-09 05:02 GMT | Japan: Consumer Confidence Index (Jan): 40

2012-02-09 01:04 GMT | China PPI (YoY) improves to 2.7% in Jan from 1.7%

2012-02-09 01:04 GMT | China Jan Consumer Price Index (YoY) rises to 4.2%

2012-02-09 00:34 GMT | AUD/JPY gently offered; off 4-month highs

 

--------------

EURUSD 1.32997 / 1.33004

DAILY WEEKLY MONTHLY

High: 1.33124 | Low: 1.32149 | Chg: 0.0039 0.29%

 

 

Resistance Levels: 1.3431 | 1.3398 | 1.3375 | 1.3340

Support Levels : 1.3205 | 1.3162 | 1.3096 | 1.3026

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD managed to stay above 1.3242 after the breakout and now it seems that is moving upwards with a strong bullish momentum. The next upward target is set at 1.3340 (R1) and will then focus on 1.3375 (R2). Look for long positions in today’s trading session as we expect the EURUSD to continue its uptrend move.

 

---------------

GBPUSD 1.58376 / 1.58388

DAILY WEEKLY MONTHLY

High: 1.58476 | Low: 1.57926 | Chg: 0.0022 0.14%

 

 

Resistance Levels: 1.5989 | 1.5964 | 1.5929 | 1.5869

Support Levels : 1.5788 | 1.5729 | 1.5704 | 1.5655

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD found a strong support at 1.5788 (S1) level and now the pair seems to be heading towards level 1.5869 (R1) for a retest. A break above that level would suggest a target of 1.5929 (R2) record high since October 2011 and a further rise will then focus on the next target at 1.5964 (R3) a technical and psychological level. Look for long positions as both of our Moving Averages turned bullish.

 

----------------

USDJPY 77.196 / 77.198

DAILY WEEKLY MONTHLY

High: 77.233 | Low: 77.004 | Chg: 0.166 0.22%

 

 

Resistance Levels : 78.71 | 78.39 | 77.93 | 77.56

Support Levels : 76.83 | 76.49 | 76.25 | 76.01

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY gained momentum and formed higher bottoms and now is moving towards 77.56 (R1) a technical and psychological resistance level for the bullish. A break above that level, can expect the price to retest 77.93 (R2). On the downside, decline below 76.83 will confirm our short positions towards 76.25 (S3) and then 76.01 (S4).

 

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/09022012

[hagarb]

I guess most of people loose money by facing forex as a game, and it is! In a Poker game with 8 players, 7 are supposed to loose money, not? In the capitalism, it works the same way, you just need best efforts to be the player who wins the game.

[alayoua]

Daily Forex Market by FXCC 10Feb2012

 

Daily Forex Market by FXCC 10Feb2012

 

The 17-nation euro heads for its biggest 5 day advance versus the yen in over 17 weeks.

 

The euro was at $1.3276 as of 9:40 a.m. in Tokyo from $1.3286 in New York yesterday, when it reached $1.3322, the highest level since Dec. 12. It fetched 103.14 yen from 103.19. It climbed to as high as 103.29 yen yesterday, the strongest level since Dec. 12. Japan’s currency was little changed at 77.70 per dollar after earlier sliding to as low as 77.75, the weakest level since Jan. 26. The so-called Aussie lost 0.3 percent to $1.0754 and retreated 0.2 percent to 83.57 yen. The euro is set to rise 0.9 percent against the dollar this week. The shared currency is poised for a 2.4 percent gain versus the yen, the biggest since the week through Oct. 14. The GBP/USD upwards movement from 1.5790 was capped at 1.5882 with the pair falling around 65 pips to arrest at a support level at 1.5815.

 

UPCOMING EVENTS

2012-02-10 07:00 GMT | Germany Consumer Price Index (YoY) (Jan)

2012-02-10 08:15 GMT | Switzerland Consumer Price Index (MoM) (Jan)

2012-02-10 08:15 GMT | Switzerland Consumer Price Index (YoY) (Jan)

2012-02-10 09:30 GMT | UK - Producer Price Index - Input (YoY) n.s.a (Jan)

 

FOREX NEWS

2012-02-10 05:36 GMT | GBP/USD under pressure ahead of Europe

2012-02-10 04:16 GMT | Aussie weaker vs. majors

2012-02-10 03:05 GMT | China Jan Trade Balance increase to 27.3B

2012-02-10 00:19 GMT | EUR/CAD hits resistance ahead of 1.3250

 

EURUSD 1.32455 / 1.32458

DAILY WEEKLY MONTHLY

High: 1.32907 | Low: 1.3245 | Chg: -0.0038 -0.28%

 

 

Resistance Levels :1.3432 | 1.3395 | 1.3367 | 1.3322

Support Levels : 1.3215 | 1.3167 | 1.3096 | 1.3055

 

SUMMARY : up

TREND : up trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD continued to rise from 1.3215 (S1) and reached a high yesterday at 1.3322 (R1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3322 (R1) and then a focus on 1.3367 (R2), a strong technical and psychological level. Our recommendation for today’s trading session is no position as we do not have a clear trend direction.

 

-

GBPUSD 1.57729 / 1.57734

DAILY WEEKLY MONTHLY

High: 1.5819 | Low: 1.57669 | Chg: -0.0041 -0.26%

 

 

Resistance Levels :1.6023 | 1.5977 | 1.5929 | 1.5885

Support Levels : 1.5723 | 1.5677 | 1.5612 | 1.5578

 

SUMMARY : neutral

TREND : sideway

MA10 : bearish

MA20 : Bearish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD fell yesterday and was supported close to 1.5723 (S1). It seems it will be retesting that level again. A break below that level will trap the pair in a trading range. We remain flat for today’s trading session until we see a break-out upwards or downwards. No position.

 

-

USDJPY 77.661 / 77.666

DAILY WEEKLY MONTHLY

High: 77.75 | Low: 77.519 | Chg: 0.019 0.02%

 

 

Resistance Levels : 79.26 | 78.89 | 78.28 | 77.76

Support Levels : 77.19 | 76.83 | 76.22 | 75.78

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY rose yesterday and formed a top at 77.76 (R1). A break above that level will then focus attention on 78.28 (R2) a technical level for a trend reversal. If we switch our timeframe to H4 we can see the price is approaching the record high for the year of 77.28 and a break above that level, brings the possibility for a break out and trend reversal for an uptrend. We remain at no positions at the moment until we see a break out upwards or if the above scenario fails then obviously we are still trapped in a trading range. No position.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/10022012

[alayoua]

Daily Forex Market by FXCC 13Feb2012

 

Daily Forex Market by FXCC 13Feb2012

 

EUR/USD spikes as Greek Parliament began counting 'austerity deal' votes

The euro rose 0.3 percent to $1.3239 as of 8:00 a.m. in Tokyo from last week's close in New York. The shared common currency gained 0.4 percent to 102.81 yen. The dollar fetched 77.66 yen from 77.61. USD/JPY opened the Asian session with a downside gap open of 77.54 on Monday, but then climbed to an early high of 77.66, recovering the early gap and Friday’s modest losses. EURUSD spiked over 40/45 pips as retail platforms opened, short covering squeeze then intensified. EUR/USD had opened the Asian session just above 1.3200, up from 1.3171 late Friday, the paring is edging higher into the 1.3230 area, resistance at 1.3258 (Nov low), support at 1.3197 (Dec high).

Read More

 

2012-02-13 00:30 GMT | Australia Home Loans (Dec)

2012-02-13 07:00 GMT | Germany Wholesale Price Index (MoM) (Jan)

2012-02-13 07:00 GMT | Germany Wholesale Price Index (YoY) (Jan)

2012-02-13 08:15 GMT | Switzerland Producer and Import Prices (MoM) (Jan)

 

 

2012-02-13 05:59 GMT | USD/JPY rangebound around 77.60 ahead of Europe

2012-02-13 03:54 GMT | GBP/USD still bid amid CBI outlook

2012-02-13 01:07 GMT | EUR/USD retreats after run to 1.3260

2012-02-13 00:30 GMT | Australia Home Loans 2.3% in Dec

 

--------------

EURUSD : 1.32728 / 1.32731

DAILY WEEKLY MONTHLY

High: 1.3276 | Low: 1.31987 | Chg: 0.0077 0.58%

 

 

1.3394 | 1.3367 | 1.3322 | 1.3285

1.3206 | 1.3153 | 1.3096 | 1.3026

 

SUMMARY : up

TREND up : trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD fell and formed a bottom at 1.3153 (S2) after which the price rebounded and was able to break above Friday’s support at 1.3206 and it seems it will soon re-test a high at 1.3322. A break above the first resistance level of 1.3285 (R1) would suggest a target of 1.3322 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3367 (R3). On the other hand, if the price does not manage to break above 1.3222 (R2) we can expect the pair to retest support at 1.3153 (S2) and a further fall will be limited to 1.3096 (S3).

 

--------------

GBPUSD : 1.58145 / 1.58157

DAILY WEEKLY MONTHLY

High: 1.58168 | Low: 1.57581 | Chg: 0.0062 0.39%

 

 

1.5961 | 1.5929 | 1.5885 | 1.5848

1.5757 | 1.5729 | 1.5700 | 1.5665

 

SUMMARY : Down

TREND down : trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD is forming lower tops, as it fell for 3 consecutive days after forming a high at 1.5929 (R3), and formed a strong support level at 1.5729 (S2). Following that we saw a correction towards 1.5799 and it seems the pair will re-test our support levels soon. A break below 1.5757 (S1) would suggest a target of 1.5729 (S2) and a further fall will then focus on the next target at 1.5700 (S3) a technical and psychological level. On the upside, if the price rebounds from the first support level we can expect retesting at 1.5848 (S2). A further rise will then bring focus to the next resistance level at 1.5885 (R2).

 

-------------

USDJPY : 77.688 / 77.691

DAILY WEEKLY MONTHLY

High: 77.779 | Low: 77.532 | Chg: 0.066 0.09%

 

 

78.98 | 78.67 | 78.28 | 77.80

77.25 | 76.83 | 76.49 | 76.25

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : neutral

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY gained momentum and formed higher bottoms and is now moving towards 77.80 (R1) a technical and psychological resistance level for the bulls. If the pair breaks above that level, can expect the price to retest 78.28 (R2). Be on the alert for a correction downwards towards 77.25 (S1) and then a continuation to an upward move. We believe that the bullish pressure will continue. Look for long positions in today's trading session.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/13022012

[Kristianto]

it is a dog eat dog world out there. i think as long as you are well aware of the risks involved and you are speculating/investing with money that you can afford to lose then it is fine.

 

what really irks me are the people who try to convince other people that trading forex as a sure-win way to get rich quick.

[alayoua]

Daily Forex Market by FXCC 14Feb2012

 

Daily Forex Market by FXCC 14Feb2012

 

Yen Drops to Three-Month Low as Bank of Japan Boosts Stimulus..

Major currency pair and cross currency pair analysis: The euro traded at $1.3127 as of 8:30 a.m. in Tokyo from $1.3134 in New York yesterday, when it fell to as low as $1.3080, the weakest since Feb. 6. The common currency fetched 102.99 yen from 103.02. The dollar bought 78.46 yen from 78.44 yesterday, when it rose 1.1 percent. The euro has lost 4.8 percent in the past six months, the second-worst performance after the Swiss franc among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar gained 5.5 percent, and the yen rose 1.3 percent. The pound has declined 1.6 percent this year according to Bloomberg Correlation-Weighted Indexes, which track 10 developed-nation currencies. Over the past 12 months it has weakened 4.5 percent. The pound depreciated 0.6 percent to $1.5676 at 4:00 p.m. London time after falling as much as 0.7 percent, the most since Jan. 11. The currency has dropped 1.4 percent in the past week. Sterling declined 0.2 percent to 83.82 pence per euro. At midnight GMT cable was priced at 1.5689.

Read More

 

UPCOMING EVENTS

2012-02-15 09:30 GMT | UK - Claimant Count Change

2012-02-15 09:30 GMT | UK - Unemployment Rate

2012-02-15 10:30 GMT | UK - BOE Gov King Speaks

2012-02-15 10:30 GMT | UK - BOE Inflation Report

 

FOREX NEWS

2012-02-15 05:18 GMT | EUR/USD above 1.3150 in Asia

2012-02-15 04:58 GMT | AUD/USD stalls ahead of 1.0750

2012-02-15 01:29 GMT | GBP/JPY rally extends in Asia

2012-02-15 00:31 GMT | Australia Jan New Motor Vehicle Sales (MoM) 1.3%

 

--------------

EURUSD : 1.31790 / 1.31793

DAILY WEEKLY MONTHLY

High: 1.31906 | Low: 1.31086 | Chg: 0.005 0.38%

 

 

1.3379 | 1.3325 | 1.3285 | 1.3217

1.3112 | 1.3080 | 1.3026 | 1.2977

 

SUMMARY : Down

TREND : down trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EUR/USD recovers after hitting 1.3080 (S2) but it’s kept below 1.3217 (R1) minor resistance and it seems after the correction upwards that it will soon retest our first support level 1.3112 (S1). A break above the first resistance level of 1.3212 (R1) would suggest a retest of 1.3385 (R2). On the other hand, a break below 1.3112 (S1) could trigger further bearish pressure targeting 1.3080 (S2) and a further fall will then focus on the next target at 1.3026 (S3).

 

-------------

GBPUSD : 1.57283 / 1.57291

DAILY WEEKLY MONTHLY

High: 1.57359 | Low: 1.56745 | Chg: 0.0036 0.23%

 

 

1.5923 | 1.5877 | 1.5828 | 1.5771

1.5676 | 1.5643 | 1.5604 | 1.5567

 

SUMMARY : Down

TREND : down trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD raised sharply yesterday and formed another correction upwards (intraday) above 1.5676 (S1) and continued in rise from 1.5643 (S2). If GBPUSD holds above first suppot level we can expect target at 1.5771 (R1). Further rise will then focus on 1.5828 (R3). On the other hand, if the price does not manage to hold above 1.5676 we can expect the price to move downwards and retest the second support level at 1.5643 (S1) a technical and psychological level for the bulls.

 

-----------------

USDJPY : 78.455 / 78.460

DAILY WEEKLY MONTHLY

High: 78.66 | Low: 78.355 | Chg: 0.018 0.02%

 

 

80.29 | 79.85 | 79.30 | 78.66

77.80 | 77.33 | 76.78 | 76.23

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY moved upwards and formed atop at 78.66 (R1) and now it is moving towards 78.80 (S1) for a correction. If the price breaks above 78.66 level we will suggest further rise towards 79.30 (R2) and then 79.85 (R3). The pair is moving upwards since beginning of February 2012 and both of our moving averages 10 and 20 are pointed bullish. Our recommendation for today’s session is long positions at current price with a stop loss below 77.80 (S1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/14022012

[Forturama]

This meas that it is not impossible.

 

To be part of 5% sounds good to me.

 

95% lose money trading forex...

[alayoua]

Daily Forex Market by FXCC 16Feb2012

 

Daily Forex Market by FXCC 16Feb2012

 

Aussie enjoys 50 pip spike versus greenback on excellent employment data.

The seventeen nation shared currency lost 0.1 percent to $1.3059 as of 8:00 a.m. in Tokyo from yesterday in New York, when it slid to $1.3044, the lowest level witnessed since Feb. 6. The euro dropped 0.1 percent to 102.39 yen. The dollar fell 0.1 percent to 78.39 yen. The Aussie declined 0.1 percent to $1.0689 and retreated 0.1 percent to 83.79 yen. GBP/JPY traded in range between 122.59 and 123.50 on Wednesday, ending trade in NY at 123.06, just a few pips above its starting price.

Read More

 

UPCOMING EVENTS

2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)

2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus

2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus

2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)

 

FOREX NEWS

2012-02-16 03:55 GMT | AUD/JPY slumps after early gains

2012-02-16 01:13 GMT | EUR/USD edging lower on Greek anxiety

2012-02-16 00:34 GMT | Australia Jan Employment Change s.a. -46.3K

2012-02-16 00:31 GMT | Australia Jan Unemployment Rate s.a. 5.1%

 

---------------

EURUSD : 1.30121 / 1.30127

DAILY WEEKLY MONTHLY

High: 1.30656 | Low: 1.2994 | Chg: -0.0054 -0.41%

 

 

1.3285 | 1.3217 | 1.3153 | 1.3080

1.3006 | 1.2956 | 1.2904 | 1.2867

 

SUMMARY : Down

TREND : down trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD fell and formed a bottom at 1.3006 (Fibo-38.2% level) a level that has been retested 3 times in the past. If the price manages to hold above 1.3006 (S1) we can expect retest of 1.3080 (R1) and further rise will then focus at 1.3153 (R2). Look for long positions in today’s trading session with a stop loss below 1.2956 (S2).

 

----------------

GBPUSD : 1.56744 / 1.56751

DAILY WEEKLY MONTHLY

High: 1.56973 | Low: 1.56596 | Chg: -0.0018 -0.12%

 

1.5877 | 1.5828 | 1.5771 | 1.5723

1.5643 | 1.5594 | 1.5567 | 1.5543

 

SUMMARY : Down

TREND : down trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD fell sharply yesterday and made a bottom at 1.5643 (S1). If it breaks below that level we can expect the price to retest 1.5594 (S2), a significant strong support level. Be on the alert for a correction upwards towards 1.5723 (R1) and then a continuation to a downward move. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue.

 

-------------

USDJPY : 78.470 / 78.473

DAILY WEEKLY MONTHLY

High: 78.52 | Low: 78.36 | Chg: 0.046 0.06%

 

 

80.00 | 79.67 | 79.09 | 78.66

77.80 | 77.34 | 76.78 | 76.43

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY after price formed top at 78.66 (R1), price continued in sideways move between 78.16 support and resistance at 78.66. Right now it seems USD is gaining momentum and we can expect probably the price will be targeting at second resistance at 79.09 (R2). Further rise above this level will then focus on 79.67 (R3) resistance and if USD holds its momentum, rise might be limited at 80.00 (R4) resistance.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/16022012

[alayoua]

Daily Forex Market by FXCC 17Feb2012

 

Daily Forex Market by FXCC 17Feb2012

 

USD/CHF plunges due to Fed’s Ben Bernanke speech..

The euro rose 0.5 percent to $1.3130 at 5 p.m. in New York after sliding to $1.2974, the lowest level witnessed since Jan. 25. The shared seventeen nation common currency rose 1.1 percent to 103.65 yen after touching 103.84 yen, the highest level since Dec. 12. The dollar appreciated 0.7 percent to 78.95 yen after hitting 78.97 yen, the strongest level since Nov. 1 reaching 78.95 from an earlier session low of 78.34 before ending trade in NY at 78.92, 50 pips above its daily starting price. From key resistance at 0.9300, the USD/CHF plunged on the improved sentiment and is now around 0.9250. Sterling rose 0.2 percent to 83.13 pence per euro and gained 0.7 percent to $1.5800.

Read More

 

UPCOMING EVENTS

2012-02-17 07:00 GMT | Germany Producer Price Index (MoM) (Jan)

2012-02-17 07:00 GMT | Germany Producer Price Index (YoY) (Jan)

2012-02-17 08:55 GMT | Germany Purchasing Manager Index Services (Feb) Preliminar

2012-02-17 08:58 GMT | EU - Purchasing Manager Index Services (Feb) Preliminar

 

FOREX NEWS

2012-02-17 07:08 GMT | Germany: PPI grows more than expected in January

2012-02-17 07:02 GMT | Germany: PPI (MoM) grows 0.6% in Jan; (YoY) increases 3.4%

2012-02-17 02:06 GMT | USD weakens on healthy appetite for risk

2012-02-17 00:10 GMT | BoJ Minutes: Caution over Europe remains necessary

 

---------------

EURUSD : 1.31423 / 1.31432

DAILY WEEKLY MONTHLY

 

 

1.3322 | 1.3284 | 1.3216 | 1.3159

1.3080 | 1.2973 | 1.2904 | 1.2865

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD has reached a significant support level at 1.2973 (S2) it bounced from that level and rose subsequently to form a high at 1.3159 (R1). A break above that level would suggest a target of 1.3216 (R2) and a further rise will then focus on the next target at 1.3284 (R3). On the downside, if the price does manage to stay below current resistance level1.1.3159 (R1) we can expect retesting of 1.3080 (S1). A further decline will then bring focus to the next support level at 1.2973 (S2) a strong technical support level. We expect the price to retest first resistance level and then to move upwards targeting first and second resistance level. Look for long positions in today trading session with a stop los below 1.2973 (S2).

 

--------------

GBPUSD : 1.58056 / 1.58073

DAILY WEEKLY MONTHLY

 

 

1.5928 | 1.5885 | 1.5848 | 1.5827

1.5770 | 1.5735 | 1.5654 | 1.5613

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD rose sharply yesterday from 1.5654 (S3) and made a top at 1.5815. If it breaks above that level we can expect the price to retest 1.5885 (R3), a significant strong support level. Be on the alert for a correction downwards towards 1.1.5735 (S2) and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue. Look for long positions around 1.5735 (S2) with a stop loss below 1.5654 (S3).

 

--------------

USDJPY : 79.108 / 79.116

DAILY WEEKLY MONTHLY

 

 

82.20 | 81.43 | 80.13 | 79.74

78.19 | 77.36 | 76.53 | 76.02

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY is forming higher bottoms and we are in a clear uptrend move, as it rises for 2 consecutive weeks penetrating successfully yesterday’s resistance level 78.63. Both of our moving averages are giving a strong support to the pair in its uptrend move and are both bullish. Look for long positions targeting 79.74 (R1) a significant technical and psychological level for the bears. A stop loss should be placed below 78.60.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/17022012

[Unclepips]

Thank you. I like your analysis. it is pretty clear to understand. thanks.

[twinds]

My only question would be "and how does the 95% loose rate in Forex differ from the loose rate in stocks, options, commodities, or anything else - especially if one does not know what they are doing"? Even if you do know what you are doing I'd like to know what to trade that is the easiest or where you have best chances? I am not sure myself and still learning. I know for certain how to sell "covered Call options" in the stock market only to make enough money to pay your bills you have to start with at least 20 - $30,000. Some of us do not have that kind of seed money so we start in Forex. Any way around this?

[alayoua]

Daily Forex Market by FXCC 20Feb2012

 

Daily Forex Market by FXCC 20Feb2012

 

USD/JPY has rallied above the October 31st post-intervention high as Japan posts record trade deficit

 

USD/JPY has rallied above the October 31st post-intervention high of 79.52 in early Asia, extending to a 6-month high of 79.82 after closing the Friday NY session at 79.48, last quoted at 79.70. The seventeen nation shared common currency has jumped to as high as 1.3176 at the weekly opening from 1.3155 late Friday in NY, market sentiment is ‘risk-on’ lifting EUR/USD to a fresh 4-day high of 1.3200 ahead of resistance at 1.3213. GBP/USD broke above resistance (circa 1.5860) to reach a fresh 7-day high of 1.5876 in the early Asia session on Monday, up circa 40 pips above the end of trading late Friday in New York

Read More

 

UPCOMING EVENTS

2012-02-20 00:01 GMT | United Kingdom Rightmove House Price Index (YoY) (Feb)

2012-02-20 05:00 GMT | Japan Leading Economic Index (Dec)

2012-02-20 07:00 GMT | Greece Current Account (YoY) (Dec)

2012-02-20 09:00 GMT | Italy Industiral Sales n.s.a. (YoY) (Dec)

 

FOREX NEWS

2012-02-20 05:21 GMT | Japan Dec Coincident Index up to 93.6

2012-02-20 05:20 GMT | Japan Dec Leading Economic Index up to 94

2012-02-20 00:23 GMT | USD/JPY capped below 79.90

2012-02-20 00:04 GMT | UK - Rightmove House Price Index (MoM) 4.1% in Feb

 

--------------

EURUSD : 1.32089 / 1.32098

DAILY WEEKLY MONTHLY

 

 

1.3375 | 1.3322 | 1.3284 | 1.3237

1.3139 | 1.3080 | 1.3020 | 1.2973

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

After the pair formed a bottom at 1.2973 (S4) – Fibonacci 50% (daily chart), the EURUSD was able to break above yesterday’s resistance at 1.3139 (S1) and we now expect the price to find a strong resistance around 1.3300 – February high. A break above the first resistance level of 1.3237 (R1) would suggest a target of 1.3284 (R2). On the other hand if the price fails to break above 1.3237 (R1), we can expect the pair to retest 1.3139 (S1). We should expect a correction downwards towards 1.3139 (S1) and then a continuation of the uptrend.

 

----------------

GBPUSD : 1.58653 / 1.58671

DAILY WEEKLY MONTHLY

 

 

1.5993 | 1.5968 | 1.5928 | 1.5885

1.5815 | 1.5786 | 1.5735 | 1.5654

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD continued to rise from 1.5654 (S4) and reached a high yesterday at 1.5885 (R1). It seems the pair is heading for a correction and it will retest the first support level of 1.5815 (S1). A break below that level would suggest a target of 1.5786 (S2) and a further decline will then focus on the next target at 1.5735 (S3). On the upside, if the price rebounds from the first support level 1.5815 (S1) we can expect retesting of 1.5885 (R1). A further rise will then bring focus to the next resistance level at 1.5928 (R2) a strong technical resistance level – year high.

 

--------------

USDJPY : 79.527 / 79.541

DAILY WEEKLY MONTHLY

 

 

80.93 | 80.67 | 80.23 | 79.87

78.97 | 78.19 | 77.36 | 76.53

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY continued to rise from 76.02 (S4) and reached a high on Friday at 79.87 (R1) a strong resistance level as it has been retested 3 times in the past (March, April, June 2011). If the bulls do not overcome that level then we expect the price to move downwards for a correction and then to continue its upwards move. A break below first support level would suggest a target of 78.19 (S2) and a further decline will then focus on the next target at 76.53 (S3). On the upside, if the price rebounds from the second support level 78.19 (S2) we can expect retesting of 79.87 (R1).Sustained rise will be then indicating second objective at 80.23 (R2) resistance level.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/20022012

[alayoua]

Daily Forex Market by FXCC 21Feb2012

 

Daily Forex Market by FXCC 21Feb2012

 

USD/JPY eyeing the critical psychological level of 80.00

 

The yen advanced 0.4 percent versus Europe’s common currency to 105.09 as of 9:00 a.m. in Tokyo. The dollar climbed 0.3 percent to $1.3206 per euro. The U.S. currency was little changed at 79.58 yen. USD/JPY could be in consolidation mode just below the 79.90 zone, which is the recent 6-month high recorded during Monday’s Asian session. EUR/JPY was weaker at the start of trading on Tuesday. Last seen quoting at 105.20 from 105.42 late Monday in NY. GBP/USD is weak in early Asia as the greenback is well bid across the board as risk aversion begins to take hold. The Pound has slid to a session low of 1.5820.

 

Read More

 

UPCOMING EVENTS

2012-02-21 00:30 | GMT Australia RBA Meeting's Minutes

2012-02-21 02:30 | GMT Australia RBA's Governor Glenn Stevens Speech

2012-02-21 04:30 | GMT Japan All Industry Activity Index (MoM) (Dec)

2012-02-21 07:00 | GMT Switzerland Trade Balance (Jan)

 

FOREX NEWS

2012-02-21 04:32 | GMT Japan: All Industry Activity Index (MoM) (Dec): 1.3%

2011-08-10 11:14 | GMT EZ FinMin reach deal on Greece

2012-02-21 02:56 | GMT NZ: Inflation expectations slide to 2.5% in Q1; 0.5% rise expected in Q2

2012-02-21 00:22 | GMT EUR/JPY in bearish mode on general euro weakness

 

--------

EURUSD : 1.32813 / 1.32821

DAILY WEEKLY MONTHLY

 

 

1.3424 | 1.3375 | 1.3322 | 1.3291

1.3182 | 1.3139 | 1.3080 | 1.3020

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD made a sharp move upwards and confirmed our recommendations for long positions hitting successfully the first resistance level at 1.3291 (R1) .We except the price to continue its upward move as it is under bullish pressure at the moment and it seems to be heading towards 1.3322 (R2) a strong technical resistance. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3291 (R1). If the price fails to break above first level then it will probably move towards the first support level 1.3182 (S1) for a retest and then to continue its upwards move.

 

-----------

GBPUSD : 1.58560 / 1.58581

DAILY WEEKLY MONTHLY

 

 

1.5993 | 1.5968 | 1.5928 | 1.5879

1.5808 | 1.5782 | 1.5735 | 1.5654

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD fell yesterday from 1.5879 (R1) and made a bottom at 1.5808 (S1). If it breaks below that level we can expect the price to retest 1.5782 (S2), a significant strong support level. A further decline will then bring focus to the next support level at 1.5735 (S3). We expect the price to retest and break below first support level targeting 1.5782 (S2) and then 1.5735 (S3). Look for short positions in today's trading session with a stop loss above 1.5879 (R1).

 

------------

USDJPY : 79.785 / 79.797

DAILY WEEKLY MONTHLY

 

 

80.93 | 80.67 | 80.23 | 79.87

78.97 | 78.64 | 78.19 | 77.36

 

SUMMARY : Up

TREND Up : trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY formed a high at 79.87 (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 weekly 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 USDJPY. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 79.87 (R1). A stop loss should be placed below 79.28 (above S1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

URL: https://support.fxcc.com/email/technical/21022012

[alayoua]

Daily Forex Market by FXCC 22Feb2012

 

Daily Forex Market by FXCC 22Feb2012

 

The yen fell for a fourth day versus the dollar, the longest losing streak in more than two months.

 

The yen fell 0.1 percent to 79.74 at 5 p.m. in New York, after touching 79.89 yesterday, the weakest level seen since Aug. 4. The euro declined less than 0.1 percent to $1.3234 after reaching $1.3293, the highest level since Feb. 9. Europe’s currency rose 0.1 percent 105.54 yen after earlier rising to 106.01 yen, the most since Nov. 14. Sterling was one of the weaker performers versus the US dollar on Tuesday, recording a daily decline of circa 0.40%. GBP/USD is still under pressure, printing at 1.5790 from 1.5844.

Read More

URL: https://support.fxcc.com/email/technical/21022012

 

UPCOMING EVENTS

2012-02-22 08:30 | GMT GermanyPurchasing Manager Index Manufacturing (Feb)

2012-02-22 09:00 | GMT EU - Purchasing Manager Index Manufacturing (Feb)

2012-02-22 09:30 | GMT United Kingdom Bank of England Minutes

2012-02-22 10:00 | GMT EU - Industrial New Orders (YoY) (Dec)

 

FOREX NEWS

2012-02-22 04:59 | GMT USD/JPY above 80.00

2012-02-22 02:31 | GMT China HSBC Manufacturing PMI 49.7 in Feb

2012-02-22 02:02 | GMT New Zealand Credit Card Spending s.a. (YoY) 3.1% in Jan

2012-02-22 00:32 | GMT Australia Wage Price Index (QoQ) 1% in 4Q

 

-------------

EURUSD : 1.32579 / 1.32589

DAILY WEEKLY MONTHLY

 

1.3424 | 1.3375 | 1.3322 | 1.3291

1.3182 | 1.3139 | 1.3080 | 1.3020

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD fell yesterday and formed a low just 12 pips away from our support level 1.3182 confirming our scenario for retesting that level and then continuing an upward move. The euro has been trapped in a sideways direction between 1.3291 (R1) and 1.3182 (S1). If we switch to a higher timeframe (4 hours or daily) we can observe a double top and this is a signal for a trend reversal. The EURUSD whipsawed traders on February, breaking higher, breaking lower, trading sideways and lastly forming a double top giving signs for trend reversal. Our recommendation for today’s trading session is no position until we get a clearer trend direction.

 

-------------

GBPUSD : 1.57839 / 1.57857

DAILY WEEKLY MONTHLY

 

 

1.5928 | 1.5879 | 1.5839 | 1.5807

1.5762 | 1.5735 | 1.5700 | 1.5654

 

SUMMARY : Down

REND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD made a sharp move downwards from 1.5860 towards 1.5762 level, successfully touching our support level and confirming our recommendations for short positions (+78 pips). Now the price has found a strong support at 1.5762, if it falls below this level we can expect the price to continue its downward move as it is under bearish pressure and it seems to be heading towards our support levels. This bearish pressure can also be confirmed by the moving averages that have turned bearish and the price is using them as a strong resistance. Look out for a correction upwards towards 1.5807 (R1) and then the continuation of the downward move.

 

--------------

USDJPY : 80.031 / 80.045

DAILY WEEKLY MONTHLY

 

 

81.86 | 81.47 | 80.93 | 80.67

79.35 | 78.97 | 78.69 | 78.19

 

SUMMARY: Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY broke above our resistance level 79.87 – yearly high, and has confirmed the upward direction seen since the beginning of February. So the most likely scenario is that the pair will continue its upward move targeting 80.67 (R1) and then a further rise will be limited to 81.47 (R2). Look for long positions in today’s trading session as the pair is in a strong upwards momentum with a stop loss below 79.35 (S1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 23Feb2012

 

Daily Forex Market by FXCC 23Feb2012

 

Sterling falls sharply as doubts emerge over quantitative easing levels by the Bank of England.

 

The greenback traded at $1.3248 per euro as of 8:32 a.m. Tokyo from $1.3249 in New York yesterday. It was at $1.0620 versus Australia’s dollar from $1.0638 yesterday, when it rose 0.2 percent. Against New Zealand’s currency, it traded at 82.83 U.S. cents after yesterday gaining 0.6 percent to 82.93. Japan’s currency was little changed at 80.34 yen per dollar after falling yesterday to 80.40, the weakest level since July 11. It fetched 106.43 per euro from 106.38 yen. Sterling declined 0.7 percent to 84.49 pence per euro at 4:34 p.m. London time after falling to 84.57 pence, the weakest level since Dec. 13. The U.K. currency slid 0.6 percent to $1.5678, and was little changed at 125.88 yen.

Read More

URL: https://support.fxcc.com/email/technical/23022012

 

UPCOMING EVENTS

2012-02-23 09:00 GMT | Germany IFO - Business Climate (Feb)

2012-02-23 09:00 GMT | Germany IFO - Current Assessment (Feb)

2012-02-23 09:00 GMT | Germany IFO - Expectations (Feb)

2012-02-23 09:30 GMT | United Kingdom BBA Mortgage Approvals (Jan)

 

FOREX NEWS

2012-02-23 05:04 GMT | EUR/USD again rejected below 1.3265 in Asia

2012-02-23 04:25 GMT | GBP/JPY slips to 4-day lows below 125.50

2012-02-23 02:37 GMT | EUR/GBP trading off 2-month highs

2012-02-23 00:40 GMT | EUR/AUD taking stabs at 1.2475

 

--------------

EURUSD : 1.32769 / 1.32780

DAILY WEEKLY MONTHLY

 

 

1.3424 | 1.3375 | 1.3322 | 1.3291

1.3211 | 1.3182 | 1.3139 | 1.3020

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD after price formed lower top within the upper and lower barrier of the trading range, price continued in sideways move between 1.3211 support and resistance at 1.3291. Right now it seems that the pair is gaining momentum to the upwards and we can expect probably price will be targeting at resistance at 13291. Further rise above this level will then focus on 1.3322 (R2) and if EURUSD holds its momentum, rise might be limited at 1.3375 (R3). On the downside, if the price declines below 1.3211 (S1) we can expect the price to retest at 1.3182 (S2).

 

--------------

GBPUSD : 1.56924 / 1.56945

DAILY WEEKLY MONTHLY

 

 

1.5814 | 1.5762 | 1.5735 | 1.5700

1.5649 | 1.5625 | 1.5576 | 1.5523

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD made a move upwards to retest the first resistance level at 1.5807 (yesterday's resistance) and after that it fell sharply penetrating successfully our support levels (targets) of 1.5762, 1.5735 and 1.5700 (S3) confirming our yesterday’s recommendations for short positions (+107 pips). Now it seems that the pair formed a strong support at 1.5649 (S1) a strong technical and psychological support level that it has been retested 2 times in February but price didn’t manage to break below it.On the other hand a break below 1.5649 (S1) we will then expect the price to retest 1.5625 (S2) and then further decline will then approach towards 1.5576 (S3). Look for long positions as far as the price is moving above 1.5649 (S1) with a stop loss close to 1.5625 (S2).

 

-------------

USDJPY : 80.138 / 80.152

DAILY WEEKLY MONTHLY

 

 

81.86 | 81.47 | 80.84 | 80.40

79.88 | 79.35 | 78.97 | 78.69

 

SUMMARY: Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The outlook for USDJPY continues to be positive as it successfully managed to stay above our support levels and its clear that it is moving upwards. This is supported by the fact that the 10 and the 20 Moving Averages are giving as a strong support in the uptrend as both of them are providing bullish signals. We remain bullish on the pair until we see a definite signal for correction or retracements and even for reversal. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 80.40 (R1). A stop loss should be placed above 79.35 (S2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 24Feb2012

 

Daily Forex Market by FXCC 24Feb2012

 

Aussie Dollar Set for a Two-Week Gain..

 

The euro was unchanged at $1.3373 as of 8:40 a.m. in Tokyo from Thursday and earlier touched $1.3379, matching the highest since Dec. 12. The shared currency was at 106.90 yen from 106.98 yesterday, when it rose 0.6 percent. The yen was at 79.94 per dollar from 80 yesterday. The USD/JPY finally broke down through the key 80.00 support level late Thursday after falling almost 50 pips from 80.30 to break support posting fresh intra-day lows at 79.85. Sterling advanced 0.2 percent to $1.5696 at 5:08 p.m. London time, trimming yesterday’s 0.7 percent decline. The currency dropped 0.3 percent to 84.78 pence per euro, after depreciating to 84.89 pence, the weakest since Dec. 12.

 

Australia’s dollar gained 0.1 percent to $1.0728 at 11:00 a.m. in Sydney, set to rise 0.2 percent this week. The Aussie bought 85.75 yen from 85.74 yesterday. New Zealand’s currency bought 83.73 U.S. cents, 0.1 percent higher than yesterday’s close in New York. It was poised for a 0.6 percent weekly advance. The kiwi was at 66.93 yen from 66.90.

Read More

URL: https://support.fxcc.com/email/technical/24022012

 

UPCOMING EVENTS

2012-02-24 07:00 GMT | Germany Gross Domestic Product s.a (QoQ) (Q4)

2012-02-24 07:00 GMT | Germany Gross Domestic Product n.s.a (YoY) (Q4)

2012-02-24 09:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3)

2012-02-24 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3)

 

FOREX NEWS

2012-02-24 05:40 GMT | EUR/USD muted in Asia around 1.3370

2012-02-24 02:55 GMT | EUR/AUD slides below 1.2450 on RBA comments

2012-02-24 01:11 GMT | AUD/JPY breaks the 86.00 handle

2012-02-24 00:51 GMT | GBP/USD steady below 1.5750

 

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EURUSD : Connection timeout

DAILY WEEKLY MONTHLY

 

 

1.3493 | 1.3469 | 1.3425 | 1.3377

1.3293 | 1.3211 | 1.3182 | 1.3139

 

SUMMARY : Up

TREND : Up trend

MA10: Bullish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD formed a high at 1.3377 (R1) taking away positive our 3 targets (1.3291, 1.3322 and 1.3375) that were recommended in yesterday’s analysis gaining a total of 117 pips!! EURUSD is in a strong uptrend momentum. A break above 1.3377 will continue its upward move targeting next resistance level at 1.3425 (R1). A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3377(R2). A stop loss should be placed below 1.3293 (S1).

 

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GBPUSD : 1.57313 / 1.57327

DAILY WEEKLY MONTHLY

 

 

1.5924 | 1.5879 | 1.5814 | 1.5755

1.5700 | 1.5649 | 1.5593 | 1.5424

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD rebounded from 1.5649 (S2) and made a sharp move upwards penetrating successfully first and second target (1.5700 and 15735) ending our day with profits!! It seems now the pair is doing a small correction before it continues its move upwards towards 1.5814 (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 below 1.5680.

 

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USDJPY : 80.408 / 80.412

DAILY WEEKLY MONTHLY

 

 

81.86 | 81.47 | 80.84 | 80.48

79.88 | 79.35 | 78.97 | 78.69

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Bullish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY after a successful run since beginning of February USDJPY is moving in a consolidation mode between the levels of 79.88 (S1) and 80.46 (R1). A break above upper level we will be suggesting target at 80.84 (R2) and of course continuation of the uptrend. In the other hand a break below 79.88 (S1) we can expect the price to retest support at 79.35 (S2). As far as the price is moving between 79.88 (S1) and 80.46 (R1) we remain flat.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)