Market Overview by FXCC

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Daily Technical Analysis by FXCC 29Dec11

 

Daily Technical Analysis by FXCC 29Dec11

 

Euro vs. US Dollar (EURUSD): EURUSD maintains a bid tone for now.

Break above (1.30902) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.28745), however, would confirm continuation of the bearish trend, towards next objective downwards (1.26403). Look for short positions for today`s trading session.

 

http://farm8.staticflickr.com/7001/6592878947_ea0f62536e.jpg

 

R1: 1.29827| R2: 1.30259| R3: 1.30779| R4: 1.31458| R5: 1.31974

S1: 1.28745| S2: 1.28088| S3: 1.27060| S4: 1.26403| S5: 1.26003

 

Great Britain Pound vs. US Dollar (GBPUSD): We see better value in short positions.

If the price will go below the first support at (1.53673), this would confirm continuation of the bearish trend, towards next objective downwards (1.52789) then (1.51166) and (1.50282) will follow. Look for short positions for current trading session.

 

http://farm8.staticflickr.com/7155/6592879003_7725b1b40e.jpg

 

R1: 1.55296| R2: 1.55801| R3: 1.56502| R4: 1.57002| R5: 1.57739

S1: 1.53673| S2: 1.52789| S3: 1.51166| S4: 1.50282| S5: 1.49782

 

 

US Dollar vs. Japanese Yen USDJPY (USDJPY): We see high chances of the pair move in a range between (78.138 – 77.462). A proper move above (78.138) confirms a probable rally towards (79.383). However, if USDJPY manage to close below (77.462) will support a call for bid tone.

We need to hold for current session.

 

http://farm8.staticflickr.com/7174/6592878895_64488c283b.jpg

 

R1: 78.223| R2: 78.607| R3: 79.083| R4: 79.383| R5: 79.683

S1: 77.562| S2: 77.179| S3: 76.879| S4: 76.579| S5: 76.279

 

Source: FX Central Clearing Ltd. (FXCC)

http://www.fxcc.com/tech-analysis

[alayoua]

Daily Technical Analysis by FXCC 30Dec11

 

Daily Technical Analysis by FXCC 30Dec11

 

Euro vs. US Dollar (EURUSD): We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.29746) zones. A proper confirmation would occur if the EURUSD will manage to fall beyond the (1.28902) support level.

Look for short positions for today`s trading session.

 

http://farm8.staticflickr.com/7172/6599051889_3b47b836ef.jpg

 

R1: 1.30168| R2: 1.30568| R3: 1.31034| R4: 1.31974| R5: 1.32374

S1: 1.28902| S2: 1.28208| S3: 1.27142| S4: 1.26742| S5: 1.26342

 

Great Britain Pound vs. US Dollar (GBPUSD): We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.54856). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish. You may try to sell from (1.54727), (1.55311), and (1.55866).

 

http://farm8.staticflickr.com/7148/6599051941_3a197ab69a.jpg

 

R1: 1.54727| R2: 1.55311| R3: 1.55866| R4: 1.56450| R5: 1.57002

S1: 1.53588| S2: 1.53033| S3: 1.52449| S4: 1.51894| S5: 1.51394

 

 

US Dollar vs. Japanese Yen USDJPY (USDJPY): USDJPY is at a crossroads, the instrument has a 50 – 50 chance of a recovery above (77.977) or a fall towards (77.330) in the coming session. We have to wait and watch the movement of the instrument from current levels.

We need to hold for current session.

 

http://farm8.staticflickr.com/7029/6599051821_05ca38ef67.jpg

 

R1: 78.001| R2: 78.494| R3: 78.794| R4: 79.094| R5: 79.394

S1: 77.109| S2: 76.809| S3: 76.509| S4: 76.209| S5: 75.909

 

Source: FX Central Clearing Ltd. (FXCC)

http://www.fxcc.com/tech-analysis

[alayoua]

Daily Technical Analysis by FXCC 02Jan12

 

Daily Technical Analysis by FXCC 02Jan12

 

 

Euro vs. US Dollar (EURUSD): We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.30085). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish. Look for short positions for current trading session.

 

http://farm8.staticflickr.com/7024/6618756961_f4de11b1e1.jpg

 

R1: 1.29985| R2: 1.30422| R3: 1.30829| R4: 1.31424| R5: 1.31917

S1: 1.28868| S2: 1.28129| S3: 1.27636| S4: 1.27236| S5: 1.26836

 

Great Britain Pound vs. US Dollar (GBPUSD): We prefer a downside scenario at this phase.

Since bias is bearish in nearest term targeting (1.52570). Another move back above (1.55814) could lead us to neutral zone. Sell on rally for today with a stop loss above (1.55814).

 

http://farm8.staticflickr.com/7173/6618757027_edc3b185a9.jpg

 

R1: 1.55485| R2: 1.56502| R3: 1.57002| R4: 1.57688| R5: 1.58407

S1: 1.54276| S2: 1.53617| S3: 1.52570| S4: 1.51583| S5: 1.51083

 

 

US Dollar vs. Japanese Yen USDJPY (USDJPY): We expect a bearish overall direction for today.

as far as (77.839) remains intact; targeting (76.570) then (75.686). A close above (77.839) resistance area will extend gains to (79.222). Our bias is on selling USDJPY with a stop loss above (77.839) for today.

 

http://farm8.staticflickr.com/7175/6618757093_0f563cf672.jpg

 

R1: 77.454| R2: 77.868| R3: 78.338| R4: 78.922| R5: 79.222

S1: 76.570| S2: 75.686| S3: 75.386| S4: 75.086| S5: 74.786

 

Source: FX Central Clearing Ltd. (FXCC)

http://www.fxcc.com/tech-analysis

[alayoua]

Daily Technical Analysis by FXCC 03Jan12

 

Daily Technical Analysis by FXCC 03Jan12

 

Euro vs US Dollar We prefer a downside scenario at this phase.

Since bias is bearish in nearest term targeting (1.27945). Another move back above (1.29802) could lead us to neutral zone.

We will be looking to sell EURUSD upon any price retracement.

 

http://farm8.staticflickr.com/7021/6626429749_3df7d4e986.jpg

 

R1: 1.29938| R2: 1.30422| R3: 1.30829| R4: 1.31229| R5: 1.31629

S1: 1.28876| S2: 1.28345| S3: 1.27945| S4: 1.27545| S5: 1.27145

 

 

Great Britian Pound vs US Dollar The GBPUSD still trapped in range area of (1.55585– 1.54570). A break in either direction will determine the trading bias in today`s session. Break below (1.54570) could trigger further bearish pressure targeting (1.52617), while break above (1.55585) could trigger further bullish advances testing (1.57502).

We do not see any trading opportunities on the current market condition.

 

http://farm8.staticflickr.com/7155/6626429839_f22c3552d6.jpg

 

R1: 1.55714| R2: 1.56244| R3: 1.57002| R4: 1.57502| R5:1.58002

S1: 1.54304| S2: 1.53617| S3: 1.53117| S4: 1.52617| S5: 1.52117

 

 

 

US Dollar vs Japanise Yen We expect a bearish overall direction for today.

as far as (77.839) remains intact; targeting (76.450) then (76.150). A close above (77.839) resistance area will extend gains to (78.625).

We will try to sell USDJPY from our mentioned resistance levels.

 

http://farm8.staticflickr.com/7019/6626429649_45ac84a7b9.jpg

 

R1: 77.311| R2: 77.638| R3: 78.025| R4: 78.325| R5: 78.625

S1: 76.450| S2: 76.150| S3: 75.850| S4: 75.550| S5: 75.250

 

 

Source: FX Central Clearing Ltd. (FXCC)

http://www.fxcc.com/tech-analysis

[alayoua]

Daily Technical Analysis by FXCC 05Jan12

 

Daily Technical Analysis by FXCC 05Jan12

 

Euro vs US Dollar We may see the instrument move in the range of (1.30828 – 1.28877) in today`s trading session.

We need to see a close above (1.30828) or below (1.28877).

You may try to buy from lower border and/or sell from upper border.

 

http://farm8.staticflickr.com/7034/6640034309_0061d4b4a7.jpg

 

R1: 1.29985| R2: 1.30422| R3: 1.30829| R4: 1.31466| R5: 1.32204

S1: 1.28977| S2: 1.27964| S3: 1.26951| S4: 1.26213| S5: 1.25813

 

Great Britian Pound vs US Dollar Overall the direction remains unclear and price is moving in (1.56786 - 1.55698) range area, the instrument has a 50 – 50 chance of a recovery above (1.56786) or a fall towards (1.55698) in the coming session.

We should wait for a clearer outlook on GBPUSD.

 

http://farm8.staticflickr.com/7157/6640034255_62357150ab.jpg

 

R1: 1.56686| R2: 1.57526| R3: 1.58414| R4: 1.58914| R5:1.59414

S1: 1.55485| S2: 1.54922| S3: 1.54275| S4: 1.53617| S5: 1.53117

 

 

US Dollar vs Japanise Yen We believe that possible bearishness could be seen during this trading session.

Immediate resistance is at (76.931). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.

Look for short positions for today`s trading session.

 

http://farm8.staticflickr.com/7143/6640034347_f28780c791.jpg

 

R1: 77.050| R2: 77.562| R3: 77.868| R4: 78.168| R5: 78.468

S1: 76.378| S2: 76.078| S3: 75.778| S4: 75.478| S5: 75.178

 

 

Source: FX Central Clearing Ltd. (FXCC)

http://www.fxcc.com/tech-analysis

[alayoua]

Daily Technical Analysis by FXCC 06Jan12

 

Daily Technical Analysis by FXCC 06Jan12

 

MARKET OVERVIEW – JANUARY 06 2012

Major currency pair and Commodity currency pair analysis

The euro fell 0.6 percent to 98.68 yen at approx. 3 p.m. New York time, after reaching 98.48 yen earlier, once again pushing back lows not seen since December 2000. It dropped 1.2 percent to $1.2788, tumbling below $1.28 for the first time since Sept. 13, 2010, and touching $1.2777. The dollar appreciated 0.6 percent to 77.17 yen. The pound rose to its highest level versus the euro since September 2010, reaching 82.52 pence before trading at 82.59 pence, up 0.3 percent. It depreciated 0.9 percent to $1.5488. The pound also rose against the Swiss franc and the Danish krone. GBP/JPY didn't hold above 120.00 during Wednesday trading. The Pound peaked during the European morning session at 119.92 but then fell to 119.16, daily low. The 119.15/20 area appears to be support holding after several tests. USD/CHF touched a fresh 3-week high of 0.9530 continuing to threaten the resistance area.

The Canadian currency, the loonie, depreciated 0.7 percent to C$1.0198 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar currently buys 98.06 U.S. cents. It touched$1.0226, this was the weakest level since Dec. 29. The loonie dropped by 0.2 percent to 75.61 yen on Thursday after earlier falling 0.5 percent. It dropped on Oct. 4Th to 72.16 yen, the lowest level since February 2009. The Aussie weakened 1 percent to $1.0262, and New Zealand’s dollar dropped 0.9 percent to 78.10 U.S. cents.

 

EURUSD 1.27808 / 1.27812

High: 1.27991 | Low: 1.27633 | Chg: -0.001 -0.08%

SUMMARY: Down

INTRADAY TREND: DOWN

MA10: Bearish

MA20: Bearish

STOCHASTIC: Oversold

 

 

Resistance Levels: 1.3067 | 1.3031 | 1.2998 | 1.2909

Support Levels: 1.2730 | 1.2703 | 1.2676 | 1.2645

 

 

Intraday Analysis: EURSD fell sharply in yesterday’s session and successfully broke below the recommended support levels taking away 53+ pips on the first support and 100+ pips in the second support level. After a sharp decline the price is now moving around the 1.2770 and is heading towards the return line 1.2645 of the downtrend trend line. A strong resistance for the bearish is at 1.2909 (S1). Look for a short position below 1.2909 (S1) with a stop loss at 1.2998 (S2).

 

 

 

GBPUSD 1.54974 / 1.54984

High: 1.55074 | Low: 1.54759 | Chg: 0.0003 0.02%

SUMMARY: Neutral

INTRADAY TREND: DOWN

MA10: Neutral

MA20: Neutral

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5709 | 1.5669 | 1.5577 | 1.5512

Support Levels: 1.5465 | 1.5411 | 1.5383 | 1.5347

 

Intraday Analysis: GBPUSD fell and formed a low at 1.5465 (S1) a strong support level with the combination of the downward move, took away 43+ pips of profit. Now the pair found a strong support at that level and is moving upwards towards 1.5512 (R1). A break above that level, will confirm long positions towards 1.5577 (R2). On the other hand if the pair fails to break above that level then we expect the target to be at 1.5411 (S2).

 

USDJPY 77.147 / 77.151

High: 77.259 | Low: 77.067 | Chg: 0.042 0.05%

SUMMARY: Neutral

INTRADAY TREND: Up

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 78.98 | 78.67 | 78.16 | 77.55

Support Levels: 76.60 | 76.03 | 75.68 | 75.31

 

Intraday Analysis: USDJPY after a consolidation, rise relatively sharply towards our resistance levels giving us a profit of 43 pips. Now it seems that the price is rising again towards 77.55 (R1) a strong resistance level in technical and psychological way. A break above that level we are suggesting the target to be at 78.16 (R1) and then 78.67 (R3). On the other hand if the price retest that resistance level and bounces back then we expect the price to decline towards 76.60 (S1) and then 76.03 (S2). We do not suggest any position with today's trading session until we get a clearer direction of the price.

 

Source: FX Central Clearing Ltd. (FXCC)

http://www.fxcc.com/tech-analysis

[alayoua]

Daily Forex Market Update by FXCC 09Jan2012

 

Daily Forex Market Update by FXCC 09Jan2012

 

MARKET OVERVIEW – JANUARY 09 2012

Major currency pair and Commodity currency pair analysis

The euro fell 0.4 percent to 97.54 yen as of 8:28 a.m. in Sydney after earlier touching 97.38, the lowest level witnessed since December 2000. The currency declined by 0.2 percent to $1.2687 and earlier reached $1.2671, its lowest level since September 2010. The dollar was at 76.89 yen from 76.97.

Canada’s currency depreciated 0.8 percent to C$1.0284 per U.S. dollar yesterday in Toronto, from C$1.0213 on Dec. 30. It touched C$1.0077 on Jan. 3, the strongest level since Dec. 8. One Canadian dollar buys 97.24 U.S. cents. The Australian dollar is under pressure in Asia reaching a 5-day low versus the greenback and a 7-day low versus the yen as the FX market focus remains on the euro zone debt and banking crisis in the week ahead. AUD/USD started from 1.0225 Friday and has since traded a 1.0189/1.0211 range intraday, below the 200-day EMA. AUD/JPY has traded 78.25/60 since the session open down from 78.72 Friday.

 

UPCOMING EVENTS

2012-01-09 06:45 GMT |Switzerland - Unemployment Rate n.s.a (MoM) (Dec))

2012-01-09 07:00 GMT | Germany - Trade Balance s.a. (Nov)

2012-01-09 09:30 GMT | EU - Sentix Investor Confidence (Jan)

2012-01-09 11:00 GMT | Germany - Industrial Production s.a. w.d.a. (YoY) (Nov)

 

FOREX NEWS

2012-01-09 03:00 GMT | Investors should keep a bullish stance on the dollar in 2012

2012-01-09 01:51 GMT | Spec positioning back in BOJ intervention zone - Westpac

2012-01-09 00:38 GMT | Australia: No change in retail sales past Nov.

2012-01-09 00:08 GMT | Australia: New home sales rise 6.8% on RBA rate cut

 

EURUSD 1.27376 / 1.27382

High: 1.27458 | Low: 1.26662 | Chg: 0.0023 0.18%

SUMMARY: Down

INTRADAY TREND: DOWNTREND

MA10: Bearish

MA20: Neutral

STOCHASTIC: Oversold

 

 

Resistance Levels: 1.2969 | 1.2897 | 1.2814 | 1.2763

Support Levels: 1.2666 | 1.2597 | 1.2561 | 1.2507

Intraday Analysis: EURUSD fell and formed a bottom at 1.2666 (S1) and now it seems that is heading towards 1.2763 (R1). A break above that level, we can expect a correction upwards towards 1.2814 (R2). We can see clearly that the pair is in a downtrend move but a correction upwards is expected leading to a further decline. Try to sell near resistance 1.2763 (R1) with a stop loss above 1.2814 (R2).

 

 

GBPUSD 1.54447 / 1.54449

High: 1.54473 | Low: 1.53955 | Chg: 0.0019 0.012%

SUMMARY: DOWN

INTRADAY TREND: DOWNTREND

MA10: Bearish

MA20: Neutral

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5630 | 1.5579 | 1.5526 | 1.5466

Support Levels: 1.5395 | 1.5364 | 1.5312 | 1.5274

Intraday Analysis: GBPUSD fell sharply yesterday and continued in decline from 1.5526 (R2). If GBPUSD break above that level, we can expect re-testing resistance at 1.5526 (R2). Further rise will then focus on 1.5579 (R3). On the downside, decline below current support level 1.5395 (S1) will confirm our short positions towards 1.5364 (S2) and then 1.5312 (S3). A stop loss should be placed above 1.5433.

 

USDJPY 76.915/ 76.920

High: 77.007 | Low: 76.79 | Chg: -0.046 -0.06%

SUMMARY: DOWN

INTRADAY TREND: DOWNTREND

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 78.34 | 78.603 | 77.56 | 77.33

Support Levels: 76.85 | 76.60 | 76.04 | 75.56

Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.85 (S1) after forming a top at 77.33 (R1). A break below our support level at 76.85 (S1), will give us a proper confirmation for short positions, as we expect the pair to continue its downwards pressure. A stop loss should be placed above 77.33 (S1).

 

 

Source: FX Central Clearing Ltd, (FXCC.COM)

URL: https://support.fxcc.com/email/technical/09012012/

[alayoua]

Daily Forex Market by FXCC 10Jan2012

 

Daily Forex Market by FXCC 10Jan2012

MARKET OVERVIEW – JANUARY 10 2012

Major currency pair and Commodity currency pair analysis

The euro appreciated 0.4 percent to $1.2770. The euro strengthened 0.3 percent to 98.15 yen, rebounding from the lowest level since December 2000. The Swiss franc strengthened against 13 of its 16 major counterparts, gaining 0.6 percent versus the dollar. The USD/JPY ended lower for a second consecutive session on Monday, having ended with a loss of 0.23% on the day at 76.81, down from 76.99 of last Friday. GBP/JPY trading close to last week’s closing price, around 118.75, Monday saw the pair extend its slide to fresh 3-month lows.

The Canadian currency, nicknamed the loonie, advanced 0.5 percent to C$1.0235 per U.S. dollar at 5 p.m. Toronto time having weakened by up to 0.3 percent earlier. One Canadian dollar buys 97.70 U.S. cents. The Aussie is showing upside strength versus the U.S. dollar early in the Asian session recovering from fresh 2-week lows below 1.0150 on Monday, currently printing at 1.0250 from an earlier session low of 1.0226.

 

UPCOMING EVENTS

2012-01-10 04:05 GMT |China - Trade Balance (Dec)

2012-01-10 08:00 GMT | Denmark - Retail Sales (YoY) (Nov)

2012-01-10 08:30 GMT | Sweden - Industrial Production (YoY) (Nov)

2012-01-10 09:00 GMT | Norway - Producer Price Index (YoY) (Dec)

 

FOREX NEWS

2012-01-10 03:45 GMT | Aussie and Kiwi rally in risk-on Asia

2012-01-10 03:03 GMT | China Dec Trade Balance 16.5B

2012-01-10 00:04 GMT | UK - RICS Housing Price Balance -16 in Dec

2012-01-10 00:02 GMT | UK - Dec BRC Retail Sales Monitor - All (YoY) 2.2%

 

EURUSD 1.27881 / 1.27887

High: 1.27967 | Low: 1.26594 | Chg: 0.0023 0.18%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.3013 | 1.2969 | 1.2897 | 1.2814

Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561

 

Intraday Analysis: After EURUSD formed a bottom at 1.26666 (S2) a strong support for the bulls, it seems that now is heading for an upward correction towards our second resistance 1.2897 (R2). A proper confirmation of this scenario will take place if the price manages to break above 1.2814 (R1). On the downside, if price falls back below 1.2719 (S1), we can expect the price to retest 1.2666 (S2) at a strong psychological level. A break below that level, then we will start focusing at the next support level 1.2597 (S3).

 

 

GBPUSD 1.54711 / 1.54721

High: 1.54849 | Low: 1.54444 | Chg: 0.0012 0.08%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Overbought

 

 

Resistance Levels: 1.5666 | 1.5630 | 1.5579 | 1.5525

Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312

 

Intraday Analysis: The GBPUSD moved upwards and closed above yesterday’s resistance 1.5469 and now is moving towards 1.5525 (R1). A break above that level suggests further rise towards 1.5579 (R2) and then 1.5630 (R3). In the other hand, if the price manages to hold below the first resistance level 1.5525 (R1) we can expect retest of 1.5422 (S1) and a break below that level, expecting the price to retest 1.5395 (S2) and 1.5364 (S3) which is a strong technical and psychological support for the bulls.

 

USDJPY 76.832/ 76.836

High: 76.904 | Low: 76.775 | Chg: 0.001 0%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 78.03 | 77.56 | 77.33 | 76.95

Support Levels: 76.60 | 76.04 | 75.56 | 75.08

 

Intraday Analysis: USDJPY after price formed a bottom at 76.76 yesterday’s support level, price continued in sideways move between that level and 76.95. A break above 76.95 could trigger further bullish moves towards 77.33 (R2). On the downside, if price breaks below 76.60 (S1), will confirm our short positions targeting 76.04 (S2). A stop loss should be placed above 76.95 (R1).

 

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

URL: https://support.fxcc.com/email/technical/10012012

[alayoua]

Daily Forex Market by FXCC 11Jan2012

 

Daily Forex Market by FXCC 11Jan2012

MARKET OVERVIEW – JANUARY 11 2012

The dollar and yen fell versus most of their major peers

 

The franc was little changed at 1.2128 per euro after earlier gaining to 1.2107, the strongest since Sept. 20.The dollar fell 0.1 percent to $1.2778 per euro at 5 p.m. in New York after weakening 0.4 percent yesterday. It depreciated earlier today to $1.2818, the least since Jan. 5. The yen declined 0.1 percent to 98.19 per euro. The dollar was unchanged at 76.85 yen. The GBP/USD rally from its recent lows continued on Tuesday, reaching the 1.5500 price area from the earlier session low of 1.5445, ending trade in New York 0.17% higher at 1.5482.

 

New Zealand’s currency, nicknamed the kiwi, rose 0.9 percent to 79.44 U.S. cents, and Australia’s dollar advanced 0.7 percent to $1.0314. The Canadian dollar has appreciated more than 1% this week, Tuesday saw USD/CAD fall to a 3-day low of 1.0152 from the earlier high of 1.0238.

UPCOMING EVENTS

2012-01-11 05:00 GMT |Japan - Leading Economic Index (Nov) Preliminar

2012-01-11 08:00 GMT | Germany - Real GDP Growth

2012-01-11 08:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q3

2012-01-11 09:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q3)

 

FOREX NEWS

2012-01-11 05:05 GMT | Japan Leading Economic Index rises to 92.9 in Nov

2012-01-11 02:12 GMT | China should use $2 trill FX reserves for overseas investment

2012-01-11 01:15 GMT | The Greenback roars ahead through an active Asian session

2012-01-11 00:01 GMT | United Kingdom Dec BRC Shop Price Index (MoM) 1.7%

 

EURUSD 1.27540 / 1.27547

High: 1.27789 | Low: 1.26287 | Chg: -0.0024 -0.19%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.3021 | 1.2969 | 1.2897 | 1.2818

Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561

 

Intraday Analysis: EURUSD found a strong technical support at 1.26666 (S2) and in yesterday’s session it moved upwards and reached a top at 1.2818 (R1). Following that we saw a decline towards Tuesday’s support level at 1.2719 (S1). A break below that level we can expect the price to retest 1.2666 (S2), and with further decline we will be targeting 1.2597 (S3). On the upside, if price manages to break above our first resistance level 1.2818 (R1) price will most probably approach 1.2897 (R2). In the daily chart the pair is in a downtrend mode with the price moving closer to the downtrend trend line. Our recommendation for today’s session is no position as we can wait either for a reaction upwards and retest of the downtrend trend line or for a move downwards and continuation of the downtrend trend.

 

GBPUSD 1.54612 / 1.54618

High: 1.54904 | Low: 1.54472 | Chg: -0.0023 -0.15%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5630 | 1.5579 | 1.5525 | 1.5497

Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312

 

Intraday Analysis: The GBPUSD formed a top yesterday at 1.5497 (R1) and now it seems that it is moving upwards to retest the same resistance level. A break above that level will confirm our long positions targeting 1.5579 (R3). A stop loss should be placed below 1.5447. On the downside if price manages to stay below 1.5525 (R2) we will focus for a retest downwards towards our support level 1.5364 (S3) a strong technical and psychological level for the bulls.

 

USDJPY 76.906/ 76.909

High: 76.941 | Low: 76.812 | Chg: 0.068 0.09%

SUMMARY: Neutral

INTRADAY TREND: Sideways

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 78.03 | 77.56 | 77.33 | 77.00

Support Levels: 76.76 | 76.60 | 76.04 | 75.08

 

Intraday Analysis: USDJPY is moving in a trading range between the levels 76.76 (S1) and 77.00 (R1). Now the price is retesting our resistance level and a break above 77.00 we expect the price to rise more towards 77.33 (R2). On the other hand, if price bounce from 77.00 (R1) we expect the price to move further downwards towards 76.60 (S2) a strong technical support level. Deeper decline will then retest 76.04 (S3). Look for a long or short position above or below either level.

 

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

URL: https://support.fxcc.com/email/technical/11012012

[Kristianto]

always play with what you can afford to lose. alot of people end up addicted gambling using fx and it becomes no different from going to the casino.

[alayoua]

Daily Forex Market by FXCC 12Jan2012

 

Daily Forex Market by FXCC 12Jan2012

 

The euro was 0.4 percent from its sixteen month low versus the dollar

 

The euro was little changed at $1.2709 as of 8:15 a.m. in Tokyo from yesterday in New York, when it slid to as low as $1.2662, the weakest level since September 2010. It bought 97.72 yen from 97.67. The dollar traded at 76.89 yen from 76.85. GBP/USD sold off on Wednesday as doubts regarding the fragile European economy pushed market participants toward safer haven currencies causing interest in the greenback across the board. The sell-off broke through several levels of clustered support, extended to a fresh 3-month low of 1.5307 finally losing circa 1% on the trading day. EUR/GBP reached at 0.8287 the highest price since last Thursday. Price began testing the resistance area located around 0.8290 that capped the rise a week ago. The pair is extending the recovery after falling on Monday to 0.8220, this was the the lowest price printed in over 15 months, the euro rise was supported by the decline of the Pound across the board versus most of its major peers.

 

The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, declined 0.4 percent to C$1.0196 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar buys 98.08 U.S. cents. Wednesday saw the AUD/USD pair trade in range between 1.0260 and 1.0325, ending trade in New York flat over thd 24 hours prior period. New Zealand’s currency was little changed at 79.67 U.S. cents.

 

2012-01-12 12:00 GMT

 

United Kingdom BoE Asset Purchase Facility (Jan)

 

2012-01-12 12:00 GMT

 

United Kingdom BoE Interest Rate Decision (Jan 12)

 

2012-01-12 12:45 GMT

 

European Monetary Union ECB Interest Rate Decision

 

2012-01-12 13:30 GMT

 

European Monetary Union ECB President Draghi's Speech

 

 

2012-01-12 05:36 GMT

 

EUR/USD, semi-paralyzed ahead of risk events

 

2012-01-12 05:15 GMT

 

Japan Eco Watchers Survey: Current improves to 47 in Dec

 

2012-01-12 01:36 GMT

 

China: CPI, PPI both lower in the year to Dec

 

2012-01-12 00:08 GMT

 

 

EURUSD 1.27200 / 1.27204

DAILY WEEKLY MONTHLY

High: 1.27279 | Low: 1.2702 | Chg: 0.0014 0.11%

 

 

Resistance Levels: 1.3021| 1.2969|1.2897 |1.2817

Support Levels: 1.2666 |1.2597 |1.2561| 1.2507

 

SUMMARY : Down

TREND : down trend

MA10: neutral

MA20: neutral

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD fell yesterday and reached a low at 1.2666 (S1) and then rebounded for a couple of pips and is now heading towards the same support level. A break below that level, we can expect target at 1.2597 (S2) and 1.2591 (S3). On the other hand if price manages to stay above our support level of 1.2666 (S1) the expected target is at 1.2817 (R1). Our recommendation for today is short positions at 1.26666 (S1) with a stop loss above 1.2709.

 

-

GBPUSD 1.53279 / 1.53287

DAILY WEEKLY MONTHLY

High: 1.53347 | Low: 1.53096 | Chg: 0.0001 0%

 

 

Resistance Levels: 1.5629| 1.5579| 1.5497 |1.5394

Support Levels: 1.5262 |1.5213| 1.5178| 1.5134

 

SUMMARY : Down

TREND: down trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD fell sharply yesterday and made a bottom at 1.5308. A break below that level we can expect the price to retest 1.5262 (S1), a weekly support level. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue.

 

 

USDJPY 76.890 / 76.894

DAILY WEEKLY MONTHLY

High: 76.915 | Low: 76.825 | Chg: 0.033 0.04%

 

 

Resistance Levels: 78.03 |77.56| 77.33| 77.03

Support Levels: 76.76 |76.60| 76.04 |75.08

 

SUMMARY : up

TREND: up trend

MA10 : bullish

MA20: neutral

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY formed a top at 77.03 (R1) but couldn’t break above that level and bounced back towards 76.76 yesterday support. It seems that the USDJPY is gaining momentum and we can expect bullish moves in today’s session. Look for long positions targeting 77.33 (R1) with a stop loss below 76.60 (S2).

 

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

URL: https://support.fxcc.com/email/technical/12012012

[alayoua]

Daily Forex Market by FXCC 13Jan2012

 

Daily Forex Market by FXCC 13Jan2012

 

Canada’s dollar fell versus most of its major counterparts

 

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

 

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

Read More

 

2012-01-13 09:30 GMT

UK - Producer Price Index - Input (YoY) n.s.a (Dec)

 

2012-01-13 09:30 GMT

UK - Producer Price Index - Output (YoY) n.s.a (Dec)

 

2012-01-13 10:00 GMT

European Monetary Union Trade Balance s.a. (Nov)

 

2012-01-13 10:00 GMT

European Monetary Union Trade Balance n.s.a. (Nov)

 

 

2012-01-13 05:28 GMT

EUR/USD on a second attempt higher in Asia

 

2012-01-13 03:45 GMT

EUR/AUD prints bullish engulfing candle; yesterday's high tested

 

2012-01-13 01:45 GMT

The kiwi struggling to get much headway

 

2012-01-13 00:10 GMT

GBP/USD unchanged after dip to multi-month lows

 

EURUSD 1.28639 / 1.28646

DAILY WEEKLY MONTHLY

High: 1.28782 | Low: 1.28071 | Chg: 0.0049 0.38%

 

 

Resistance Levels: 1.3124 |1.3076 |1.2998 |1.2909

Support Levels: 1.2807 |1.2730| 1.2666 |1.2607

 

SUMMARY : up

TREND up trend

MA10: Bullish

MA20: bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

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

 

-

GBPUSD 1.53790 / 1.53795

DAILY WEEKLY MONTHLY

High: 1.53925 | Low: 1.53249 | Chg: 0.0047 0.31%

 

 

Resistance Levels: 1.5747 |1.5693| 1.5577| 1.5503

Support Levels: 1.5280 |1.5246 | 1.5202 |1.5160

 

SUMMARY: Down

TREND: down trend

MA10: bearish

MA20 : Bearish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

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

 

-

USDJPY 76.732 / 76.734

DAILY WEEKLY MONTHLY

High: 76.837 | Low: 76.683 | Chg: -0.023 -0.03%

 

 

Resistance Levels: 77.24 |77.04| 76.97| 76.83

Support Levels: 76.67| 76.13| 75.67 |75.08

 

SUMMARY: Down

TREND: down trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

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

 

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

URL: https://support.fxcc.com/email/technical/13012012

[alayoua]

Daily Forex Market by FXCC 16Jan2012

 

Daily Forex Market by FXCC 16Jan2012

 

MARKET OVERVIEW – JANUARY 16 2012

The euro hits a fresh all-time low of AUD 1.2264 on Monday

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

The Aussie and Kiwi are down versus the dollar by 0.15% and 0.08% respectively. The loonie is down versus the dollar by 0.06%

 

UPCOMING EVENTS

2012-01-16 00:00 GMT | UK - Rightmove House Price Index (YoY) (Jan)

2012-01-16 12:30 GMT | Australia - Home Loans (Nov)

2012-01-16 07:00 GMT | Germany - Wholesale Price Index (YoY) (Dec)

2012-01-16 09:00 GMT | Italy - Consumer Price Index (YoY) (Dec)

 

FOREX NEWS

2012-01-16 05:02 GMT | Japan Dec Consumer Confidence Index 38.9

2012-01-16 02:03 GMT | S&P downgrades will affect reserve managers

2012-01-16 00:33 GMT | Some Aussie buying post home loans, adverts report

2012-01-16 00:00 GMT | United Kingdom Jan Rightmove House Price Index (YoY) 0.4%

 

EURUSD 1.26549 / 1.26555

High: 1.26259 | Low: 1.26259 | Chg: -0.0018 -0.14%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.2944 | 1.2820 | 1.2812 | 1.2727

Support Levels: 1.2621 | 1.2592 | 1.2560 | 1.2513

 

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

 

 

 

GBPUSD 1.53146 / 1.53160

High: 1.53269 | Low: 1.53160 | Chg: 0.0003 0.02%

SUMMARY: Up

INTRADAY TREND: Sideway

MA10: Neutral

MA20: Neutral

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5400

Support Levels: 1.5275 | 1.5233 | 1.5203 | 1.5164

 

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

 

 

USDJPY 76.831/ 76.837

High: 77.831 | Low: 76.81 | Chg: -0.116 -0.15%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bullish

MA20: Bearish

STOCHASTIC: Oversold

 

 

Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05

Support Levels: 76.60 | 76.03 | 75.54 | 75.13

 

Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.66 after forming a top at 77.05 (R1). A break below our support level at 76.60 (S1), will give us a proper confirmation for short positions, as we expect the pair to continue its downwards pressure. A stop loss should be placed above 77.05 (S1).

 

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

URL: https://support.fxcc.com/email/technical/16012012

[alayoua]

Sshhh It’s Time To Discuss The Forex Cheat Sheet

 

Sshhh – It’s Time To Discuss The Forex Cheat Sheet

 

http://blog.fxcc.com/wp-content/uploads/2012/01/forex-cheat-sheet.jpg

 

Occasionally you’ll get a ‘heads up’ in the form of a fascinating document sent to you by contacts in the industry. Some really are eye-openers, others are ‘slap on the forehead’ “why didn’t I see that?” obvious…

 

Positioned somewhere in the middle of those two descriptions is a document called the forex cheat sheet. The document doesn’t list a series of strategies, or offer up advice on how to ‘cheat the market’, principally it lists the crucial times to trade and expands on the reasons why.

 

Let’s not forget that despite algorithms driving the equities markets, replicating ‘bot trading’ is more difficult in a market as liquid as forex. Forex as an industry is still prone to human intervention and the whims of that human behaviour and as such forex is (arguably) a ‘cleaner’, more arithmetically pure market place in which to operate.

 

 

 

You’re probably not alone in wondering if the all the main market movers and contributors have gone for tacos at certain times of the day, or in realising that when the City of London starts work at 7-8 AM GMT, the market moves. Similarly how many of us have witnessed sleepy Monday mornings in the market and wondered what kind of a weekend of indulgence many of the major market players have had and if they’ve woken up yet, to witness that sleepy Monday extending to the afternoon session as New York opens?

 

How many of us have been whipsawed, or got direction wrong on a Monday which could in fact be due to lack of market participation giving out false signals? There also appears to be an acceleration of activity mid week and a slowing down on a Friday, in the UK this Friday phenomena is often jokingly referred to as P.O.E.T.S. day.. Pi** Off Early Tomorrow is Saturday and that slow down of human interaction exists in many commercial workplaces. In short many repeating patterns in the market place are undoubtedly due to human behaviour…

 

Irrespective of “why” there is definitive proof that trading patterns of “when” (as opposed to why) have evolved over the past decade or so. Naturally we all concentrate on reasons why a currency would move; fundamental macro economic issues, policy decisions, data releases and whilst these factors determine values and price there is undeniable proof that because of or despite these factors price is still more likely to move in the parameters you’ll now see listed. Using the following data will undoubtedly assist traders in picking the best times to trade and therefore help increase the probability of identifying high probability set ups.

 

Imagine that for each currency pair, you already know:

 

* When trends are most likely to occur

* The best days to trade

* The most active trading days

* The best hours to trade

* The most active trading hours of the day

* How far price is likely to move during a trend

* How much of that move you can reasonably expect to capture

* How long a trend is likely to last

 

 

We’ll concentrate on one currency pair, cable (gbp/usd) to test the theories.

Read the full story....

 

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

URL: http://blog.fxcc.com/sshhh-its-time-to-discuss-the-forex-cheat-sheet/

[alayoua]

Daily Forex Market by FXCC 17Jan2012

 

Daily Forex Market by FXCC 17Jan2012

 

MARKET OVERVIEW – JANUARY 17 2012

Major currency pair and Commodity currency pair analysis

Europe’s shared currency was 0.3 percent weaker at 97.30 yen at 11:40 a.m. in London, after falling to 97.04, the least since December 2000. The euro fell 0.1 percent to $1.2673, after dropping to $1.2626. The dollar dipped 0.3 percent to 76.77 yen. U.S. markets are closed today. Sterling is in a range above the psychological level of 1.5300. This looming round number should represent a test, once breached lower support is at circa 1.5320. EUR/GBP extended its decline to 0.8253, where it bottomed out during the European trade. EUR/GBP is quoting at around 0.8270, 0.06% above its opening price. USD/JPY erases Friday’s gains and falls back to 76.75 down 0.22% on the day. The USD/CHF has retraced back to Monday’s opening price, at 0.9540, after falling to a 0.9525 daily low on the European opening.

NZD/USD is down ahead of NZIER. The pair is flat at 7930, obviously 8000 represents a key level. Improved housing/lending data has helped push up the AUS/USD, the pair is up 0.33% at 10314 with the next resistance levels waiting at 1.0387 followed by key number level of 1.0400. As crude oil rises, the USD/CAD falls. Friday’s gains obtained ahead of the S&P downgrades on European sovereigns have Ben eradicated as price sticks in a range determined by the 200 ma on a 4 hr chart. The pair is below 1.0200, in line with the 200-hourly MA, making this an extremely interesting position to monitor.

 

UPCOMING EVENTS

2012-01-17 09:30 GMT | United Kingdom Core Consumer Price Index (YoY) (Dec)

2012-01-17 10:00 GMT | United Kingdom BoE's Governor King Speech

2012-01-17 10:00 GMT | EU - Consumer Price Index - Core (YoY) (Dec)

2012-01-17 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Jan)

 

FOREX NEWS

2012-01-17 05:21 GMT | Another day, another record low for EUR/AUD

2012-01-17 02:04 GMT | China: Retail Sales (YoY) (Dec): 18.1%

2012-01-17 02:04 GMT | China: Industrial Production (YoY) (Dec): 12.8%

2012-01-17 02:03 GMT | China Gross Domestic Product (YoY) 8.9% in 4Q

 

EURUSD 1.27429 / 1.27434

High: 1.27434 | Low: 1.26489 | Chg: 0.0076 0.06%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Overbought

 

 

Resistance Levels: 1.2944 | 1.2882 | 1.2812 | 1.2763

Support Levels: 1.2624 | 1.2592 | 1.2560 | 1.2513

 

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

 

 

 

GBPUSD 1.53819 / 1.53831

High: 1.53824 | Low: 1.53107 | Chg: 0.006 0.039%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Overbought

 

 

Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5409

Support Levels: 1.52758 | 1.5233 | 1.5203 | 1.5164

 

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

 

 

USDJPY 76.651/ 76.655

High: 76.878 | Low: 76.64 | Chg: -0.117 -0.117%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Oversold

 

 

Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05

Support Levels: 76.60 | 76.03 | 75.54 | 75.13

 

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

 

 

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

URL: https://support.fxcc.com/email/technical/17012012

[alayoua]

Daily Forex Market by FXCC 18Jan2012

 

Daily Forex Market by FXCC 18Jan2012

The dollar fell versus the euro in early trading

 

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

 

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

Read More

 

UPCOMING EVENTS

2012-01-18 04:30 GMT | Japan - Industrial Production (YoY) (Nov)

2012-01-18 09:30 GMT | UK - ILO Unemployment Rate (3M) (Jan)

2012-01-18 09:30 GMT | UK - Average Earnings including Bonus (3Mo/Yr) (Nov)

2012-01-18 09:30 GMT | UK - Claimant Count Change (Dec)

 

FOREX NEWS

2012-01-18 04:36 GMT | Japan Nov Industrial Production (YoY) -4.2%

2012-01-18 04:34 GMT | Japan Capacity Utilization -2.9% in Nov

2012-01-18 04:34 GMT | Japan Industrial Production (MoM) -2.7% in Nov

2012-01-18 00:34 GMT | Australia Dec New Motor Vehicle Sales (YoY) -3%

 

 

 

EURUSD 1.27906 / 1.27910

DAILY WEEKLY MONTHLY

High: 1.27927 | Low: 1.27333 | Chg: 0.0055 0.43%

 

 

1.2944 | 1.2878 | 1.2843 | 1.2807

1.2711 | 1.2647 | 1.2624 | 1.2592

 

SUMMARY : up

TREND : up trend

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

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

 

GBPUSD 1.53709 / 1.53718

DAILY WEEKLY MONTHLY

High: 1.53745 | Low: 1.53264 | Chg: 0.0035 0.23%

 

 

1.5579 | 1.5527 | 1.5487 | 1.5409

1.5278 | 1.5233 | 1.5203 | 1.5164

 

SUMMARY : up

TREND : up trend

MA10 : bearish

MA20 : Bearish

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

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

 

USDJPY 76.693 / 76.699

DAILY WEEKLY MONTHLY

High: 76.844 | Low: 76.653 | Chg: -0.133 -0.17%

 

 

78.03 | 75.56 | 77.33 | 77.05

76.55 | 76.03 | 75.54 | 75.13

 

SUMMARY : Down

TREND : down trend

MA10 : bearish

MA20: Bearish

STOCHASTIC :oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

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

 

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

URL: https://support.fxcc.com/email/technical/18012012

[alayoua]

Daily Forex Market by FXCC 19Jan2012

 

Daily Forex Market by FXCC 19Jan2012

MARKET OVERVIEW – JANUARY 19 2012

Will the euro strengthen versus the yen?

 

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

 

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

 

UPCOMING EVENTS

2012-01-19 00:00 GMT | Australia Consumer Inflation Expectation (Jan)

2012-01-19 00:30 GMT | Australia Unemployment Rate s.a. (Dec)

2012-01-19 00:30 GMT | Australia Employment Change s.a. (Dec)

2012-01-19 09:00 GMT | European Monetary Union ECB Monthly Report

 

FOREX NEWS

2012-01-19 01:26 GMT | GBP/JPY targeting lows below 118.50

2012-01-19 00:40 GMT | Australia: Unemployment steady at 5.2%, big miss in job creation

2012-01-19 00:27 GMT | Swissy supported by successful auctions

2012-01-19 00:01 GMT | Australia Jan Consumer Inflation Expectation 2.8%

 

EURUSD 1.28475 / 1.28477

High: 1.28784 | Low: 1.28417 | Chg: -0.0016 -0.12%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.3120 | 1.3075 | 1.2989 | 1.2878

Support Levels: 1.2807 | 1.2714 | 1.2647 | 1.2624

 

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

 

 

 

GBPUSD 1.54163 / 1.54172

High: 1.54453 | Low: 1.54159 | Chg: -0.0021 -0.14%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5669 | 1.5580 | 1.5488 | 1.5445

Support Levels: 1.5404 | 1.5320 | 1.5278 | 1.5233

 

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

 

 

USDJPY 76.764 / 76.767

High: 76.834 | Low: 76.721 | Chg: -0.054 -0.07%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 77057 | 77.33 | 77.05 | 76.87

Support Levels: 76.65 | 76.59 | 76.10 | 75.56

 

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

 

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

URL: https://support.fxcc.com/email/technical/19012012

[alayoua]

Daily Forex Market by FXCC 20Jan2012

 

Daily Forex Market by FXCC 20Jan2012

MARKET OVERVIEW – JANUARY 20 2012

Euro appreciates to two week high versus the greenback, is 1.3000 in sight, then 1.3200?

The euro appreciated to a two-week high of $1.2927 before trading 0.2 percent higher at $1.2890. It reached a 16-month low of $1.2624 on Jan.13th. The Dollar Index fell 0.1 percent to 80.372 today. The dollar was little changed at $1.2964 per euro as of 8:24 a.m. in Tokyo from yesterday in New York. The yen was at 99.93 per euro from 99.99 yesterday when it reached 100.06, also the lowest since Jan. 4. The U.S. currency traded fairly static at 77.09 yen. USD/CHF lost nearly 60 pips throughout the day on Thursday, sliding towards its lowest level in over 2 weeks of 0.9329. USD/CHF is trading at the 0.9330/35 zone early in the Asian session, down 0.6% on the day. USD/CHF has dropped over 240 pips since its new year peak of 0.9574 on Tuesday. The Pound broke above 1.5465 rising to 1.5487 the highest quote since January 10 versus the US Dollar. The GBP/USD moved sideways in a tight range during Thursday and in the last hour moved to the upside. The Pound rose in the last hours of the NY session versus its European rivals. The GBP/CHF then also tested levels above the crucial round psychological number of 1.4500 after finding support at 1.4440, the EUR/GBP dropped from 0.8364 to 0.8325.

 

Canada’s currency, also known as the loonie, was static at C$1.0108 per U.S. dollar at 5 p.m. in Toronto after touching C$1.0071, the lowest quote since Dec. 8th. One Canadian dollar is buying 98.93 U.S. cents, falling 0.8 percent to C$1.3109 versus the euro. AUD/USD traded in a 1.0370/1.0435 range on Thursday ending in New York 0.16% lower on the day at 1.0417. AUD/USD is trading slightly off at the start of the Asian session, last printing at 1.0410, support is seen at 1.0400.

 

UPCOMING EVENTS

2012-01-20 04:30 GMT | Japan All Industry Activity Index (MoM) (Nov)

2012-01-20 05:00 GMT | Japan Leading Economic Index (Nov)

2012-01-20 07:00 GMT | Germany Producer Price Index (MoM) (Dec)

2012-01-20 09:30 GMT | United Kingdom Retail Sales (YoY) (Dec)

 

FOREX NEWS

2012-01-20 04:32 GMT | Japan: All Industry Activity Index (MoM) (Nov): -1.1%

2012-01-20 02:51 GMT | Japan contribution to the IMF contingent on US

2012-01-20 02:39 GMT | Japan - HSBC Manufacturing PMI signals industry contraction for third consecutive month

2012-01-20 00:33 GMT | Australia 4Q Export Price Index (QoQ) -1.5%

 

EURUSD 1.29673 / 1.29680

High: 1.29808 | Low: 1.29538 | Chg: -0.0002 -0.01%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.3260 | 1.3206 | 1.3120 | 1.3050

Support Levels: 1.2876 | 1.2809 | 1.2711 | 1.2624

 

Intraday Analysis: EURUSD moved upwards and formed a high at 1.2980 this morning. The upward moved started from 13th of January and since then the EUR picked up and has successfully penetrated upwards the downtrend trend line. We expect the price to reach 1.3050 (R1) and then to bounce back for a correction. If the price breaks above our first resistance then we have a new trend (uptrend) and the next target is set at 1.3120 (R2).

 

 

 

GBPUSD 1.54880 / 1.54888

High: 1.54966 | Low: 1.54749 | Chg: 0.0001 0.01%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5862 | 1.5775 | 1.5669 | 1.55572

Support Levels: 1.5410 | 1.5344 | 1.5281 | 1.234

 

Intraday Analysis: GBPUSD has successfully broke above yesterday resistance and now it seems that is heading towards 1.5572 (R1). Fail to reach that level then we expect the price to retest 1.5410 (S1) and then further decline will limited to 1.5344 (S2). On the intraday, the pair is moving upwards – uptrend valid trend line and both of our Moving Averages are bullish. The bearish are under pressure as a lot of stop losses have been hit yesterday as we are in a strong upward momentum at the moment.

 

 

USDJPY 77.131 / 77.134

High: 77.206 | Low: 77.053 | Chg: 0.024 0.03%

SUMMARY: Down

INTRADAY TREND: Trading Range

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 78.21 | 77.78 | 77.56 | 77.33

Support Levels: 76.80 | 76.59 | 76.10 | 75.56

 

Intraday Analysis: USDJPY made a sharp move yesterday (60 pips) and formed a top at 77.33 (R1) a strong resistance level. A break above that level we expect the price to retest 77.56 (R2). At the moment, the price it seems that is still moving downwards and it is possible to retest our support levels at 76.80 (S1) and 76.59 (S2) a strong technical and psychological level. It is very important to see a move above our first resistance or our first support to get a clearer picture of the trend. In the long run a break below 76.59 (S2) will confirm the downtrend – No position.

 

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

URL: https://support.fxcc.com/email/technical/20012012

[alayoua]

Daily Forex Market by FXCC 23Jan2012

 

Daily Forex Market by FXCC 23Jan2012

 

Euro falls sharply on open versus many of its peers

 

The euro fell 0.3 percent to $1.2890 as of 9:20 a.m. in Tokyo from $1.2931 in New York on Jan. 20th when it reached $1.2986, the highest level since Jan. 4th. The seventeen nation common currency declined 0.4 percent to 99.24 yen. The dollar traded at 76.99 yen from 77.01. The USD/JPY possibly remains in consolidation around 77.00 at the start of trading this Monday, after last week saw the paring retrace below 77.05 after failing to break above 100 DMA.

 

Australia’s dollar fetched $1.0463 from $1.0484 on Jan. 20. It earlier rose as high as $1.0494, its strongest level since Nov. 1. The overall positive mood which enveloped global equity markets last week helped support the Aussie AUD at the open, price is off slightly following a slight fall in the Australian producer price index (QoQ) at 0.3% from a 0.5% consensus.

Read More

 

UPCOMING EVENTS

2012-01-23 00:30 GMT | Australia Producer Price Index (QoQ) (Q4)

2012-01-23 00:30 GMT | Australia Producer Price Index (YoY) (Q4)

2012-01-23 09:00 GMT | European Monetary Union EcoFin Meeting

2012-01-23 15:00 GMT | EU - Consumer Confidence (Dec) Preliminar

 

FOREX NEWS

2012-01-23 05:35 GMT | EUR/USD gap down unfilled in Asia

2012-01-23 00:41 GMT | Australia: PPI rises 2.9% in year to December

2012-01-23 00:31 GMT | Australia: Producer Price Index (QoQ) (4Q): 0.3%

2012-01-23 00:17 GMT | USD/JPY still consolidating below 77.00

 

EURUSD 1.28911 / 1.28917

DAILY WEEKLY MONTHLY

High: 1.29081 | Low: 1.28759 | Chg: -0.004 -0.31%

 

 

Resistance Levels: 1.3056 | 1.3025 | 1.2987 | 1.2948

Support Levels: 1.2838 | 1.2807 | 1.2732 | 1.2624

 

SUMMARY up

TREND up trend

MA10 bearish

MA20 Bearish

STOCHASTIC neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD continued to rise the whole week from 1.2624 (S4) and formed a high at 1.2987 (R2). The pair seems to be forming a correction downwards, towards 1.2878 and there are also possibilities to retest our first support level at 1.2838 (S1). Look for a long position near the support levels, targeting 1.2987 (R2).

 

GBPUSD 1.55370 / 1.55380

DAILY WEEKLY MONTHLY

High: 1.55621 | Low: 1.55273 | Chg: -0.0039 -0.25%

 

 

Resistance Levels: 1.5677 | 1.5639 | 1.5614 | 1.5579

Support Levels: 1.5500 | 1.5448 | 1.5402 | 1.5339

 

SUMMARY up

TREND up trend

MA10Bullish

MA20bullish

STOCHASTICneutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD broke above 1.5500 (S1) level and formed a top at 1.5579 (R1). It now seems to be heading towards the same resistance level. A break above that level would suggest a target of 1.5614 (R2) and a further rise will then focus on the next target at 1.5639 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 1.5500 (S1), a technical and psychological level. A further fall will then bring focus to the next support level at 1.5448 (S2).

 

USDJPY 77.030 / 77.034

DAILY WEEKLY MONTHLY

High: 77.08 | Low: 76.929 | Chg: 0.005 0.01%

 

 

Resistance Levels: 78.21 | 77.78 | 77.56 | 77.32

Support Levels: 76.91 | 76.55 | 76.05 | 75.56

 

SUMMARY : neutral

TREND : sideway

MA10 : Bullish

MA20 : bullish

STOCHASTIC : neutral

MARKET ANALYSIS - Intraday Analysis

 

USDJPY after a short consolidation, continue to rise from Friday’s support level of 76.55(S2) and has reached a high at 77.32 (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 76.55 (S2) we can expect a further rise towards our first resistance level at 77.32 (R1) and a sustained rise will then approach 77.56 (R2). On the other hand, if the price does not manage to break above 77.32 ( R1) we can expect the price to move downwards and retest the second support level at 76.55 (S2) and a deeper decline could be then supported at 76.05 (S3).

 

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

URL: https://support.fxcc.com/email/technical/23012012

[alayoua]

Daily Forex Market by FXCC 24Jan2012

 

Daily Forex Market by FXCC 24Jan2012

 

Euro Yen rallies from the eleven years lows seen over recent weeks

 

The euro gained 0.6 percent to $1.3013 at 5 p.m. New York time after rising to $1.3053, the highest level seen since Jan. 4. The seventeen nation common currency advanced 0.6 percent to 100.25 yen, while the dollar was little changed at 77.02 yen. EUR/JPY accelerated higher on Monday from an earlier test of 99.00, reaching fresh 4-week highs in the 100.50 price zone before ending trade in New York at 100.22, 0.70% higher on the day. a significant move away from the fresh eleven year lows being reached over recent weeks. The pound weakened 0.8 percent to 83.66 pence per euro at 5:01 p.m. London time. Sterling was little changed at 119.87 yen and $1.5580. The rally of the Pound versus the Dollar finally stalled at the key round number level of 1.5600 as the Greenback managed to trim its losses across the board. USD/CHF dropped more than 120 pips on Monday, sliding to its lowest level since Dec 21 at 0.9250 before recovering, the pair was printing around circa 0.9260, down 1.2% on the day earlier in the evening.

Read More

 

UPCOMING EVENTS

2012-01-24 03:35 GMT | Japan BoJ Interest Rate Decision (Jan 24)

2012-01-24 08:28 GMT | Germany Purchasing Manager Index Manufacturing (Jan)

2012-01-24 08:58 GMT | European Monetary UnionPurchasing Manager Index Manufacturing (Jan)

2012-01-24 09:30 GMT | United Kingdom Public Sector Net Borrowing (Dec)

 

FOREX NEWS

2012-01-24 06:48 GMT | EUR/USD flat after Asian session

2012-01-24 04:34 GMT | GBP/USD retreats from 1.5600 on run to safety

2012-01-24 03:36 GMT | Japan Jan 24 BoJ Interest Rate Decision steadies at 0.1%

2012-01-24 02:08 GMT | EUR/AUD finds a short term base above 1.2350

 

EURUSD 1.30154 / 1.30160

DAILY WEEKLY MONTHLY

High: 1.30299 | Low: 1.29874 | Chg: 0.0002 0.02%

 

 

1.3267 | 1.3218 | 1.3150 | 1.3051

1.2986 | 1.2874 | 1.2838 | 1.2807

 

SUMMARY : up

TREND : up trend

MA10 : neutral

MA20 : neutral

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD continued to rise from 1.2874 (S2) and reached a high yesterday at 1.3051 (R1). Following that we saw a correction towards the first support level at 1.2986 (S1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3051 (R1) and focus on 1.3150 (R2) a strong technical and psychological level.

 

GBPUSD 1.55586 / 1.55596

DAILY WEEKLY MONTHLY

High: 1.558 | Low: 1.5537 | Chg: -0.0008 -0.05%

 

 

1.5715 | 1.5698 | 1.5668 | 1.5601

1.5515 | 1.5449 | 1.5407 | 1.5343

 

SUMMARY : up

TREND : up trend

MA10 : neutral

MA20 : neutral

STOCHASTIC : neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD fell and formed a bottom at 1.5515 (S1). After that the price rebounded and was able to break above yesterday’s resistance at 1.5579 and it seems it will re-test a high soon. A break above the first resistance would suggest a target of 1.5668 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.5698 (R3). On the other hand, if the price does not manage to break above 1.5601 (R1) we can expect the pair to retest support at 1.5515 (S1) and a further fall will be limited to 1.5449 (S2).

 

USDJPY 77.004 / 77.009

DAILY WEEKLY MONTHLY

High: 77.047 | Low: 76.956 | Chg: -0.017 -0.02%

 

 

78.87 | 78.20 | 77.68 | 77.32

76.85 | 76.55 | 76.08 | 75.53

 

SUMMARY : neutral

TREND : sideway

MA10 : neutral

MA20 : neutral

STOCHASTIC : overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY rose yesterday and was stopped at 77.32 (S1) where price rebounded and fell forming a bottom at 76.85 (S1). A break below 76.85 (S1) will be a proper confirmation for short positions targeting 76.55 (S2) and 76.08 (S3). Look for short positions at current price with a stop loss above first resistance 77.32 (R1).

 

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

URL: https://support.fxcc.com/email/technical/24012012

[alayoua]

Daily Forex Market by FXCC 24Jan2012

 

Daily Forex Market by FXCC 25Jan2012

 

The dollar rose 0.8 percent to 77.67 yen at 5 p.m. in New York and touched 77.85, the highest level since Dec. 29. The greenback dropped 0.2 percent to $1.3036 per euro. The common currency rose 1 percent to 101.25 yen. The yen’s fall gained further momentum after breaking through the 70.40 yen per dollar level, which was a key technical level. The pound rose 0.4 percent to $1.5626 and appreciated 0.2 percent to 83.42 pence per euro. USD/CHF rose after Wall Street opened, rising to 0.9310 but failing to hold gains above the crucial round number of 0.9300 and retreated. The US Dollar lost the majority of the gains, falling to 0.9275 ending the day circa 0.9280, a nominal gain of 0.05% on the day.

Read More

 

2012-01-25 00:30 GMT | Australia Consumer Price Index (YoY) (Q4)

2012-01-25 09:30 GMT | United Kingdom Bank of England Minutes

2012-01-25 09:30 GMT | United Kingdom BBA Mortgage Approvals (Dec)

2012-01-25 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q4) Preliminar

 

 

2012-01-25 03:17 GMT | EUR/JPY hits one-month high, 101.80 next resistance

2012-01-25 00:40 GMT | Australia: CPI rose 3.1% through the year to the December quarter, weaker than expected

2012-01-25 00:31 GMT | Australia Consumer Price Index (QoQ) 0% in 4Q

2012-01-25 00:06 GMT | Japan: Logs trade deficit for 2011, first in a generation

 

EURUSD 1.30250 / 1.30256

DAILY WEEKLY MONTHLY

High: 1.30469 | Low: 1.30155 | Chg: -0.0011 -0.08%

 

 

1.3267 | 1.3218 | 1.3132 | 1.3053

1.2953 | 1.2874 | 1.2838 | 1.2807

 

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.

 

-

GBPUSD 1.55894 / 1.55906

DAILY WEEKLY MONTHLY

High: 1.56274 | Low: 1.55877 | Chg: -0.0035 -0.23%

 

 

1.5715 | 1.5698 | 1.5668 | 1.5627

1.5564 | 1.5515 | 1.5449 | 1.5407

 

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 77.936 / 77.938

DAILY WEEKLY MONTHLY

High: 77.979 | Low: 77.615 | Chg: 0.272 0.35%

 

 

79.92 | 79.60 | 78.87 | 78.28

77.55 | 77.12 | 76.54 | 76.08

 

SUMMARY : up

TREND : up trend

MA10: Bullish

MA20: bullish

STOCHASTIC : overbought

 

 

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/25012012

[alayoua]

Daily Forex Market by FXCC 26Jan2012

 

Daily Forex Market by FXCC 26Jan2012

 

MARKET OVERVIEW – JANUARY 26 2012

Cable continues it's eighth day of gains

The dollar traded at $1.3112 per euro as of 8:31 a.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21. Japan’s currency dropped to 101.98 yen per euro, the weakest since Dec. 26, before trading little changed at 101.93. The yen was at 77.76 per dollar from 77.78 yesterday, when it reached 78.28, the weakest since Nov. 29. GBP/USD traded in a wide range between circa 1.5525 and 1.5780 during Wednesday's sessions, ending trade in New York at 1.5654 reaching an eighth successive positive day, 0.20% higher on the day.

 

New Zealand’s dollar traded little changed at 81.69 U.S. cents and 63.48 yen. Australia’s dollar fetched $1.0601 from $1.0597. It traded at 82.39 yen from 82.43 yen. Canada’s currency, nicknamed the loonie, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time, the strongest level on a closing basis since Oct. 31. The currency earlier dropped as much as 0.6 percent. One Canadian dollar purchases 99.57 U.S. cents.

 

UPCOMING EVENTS

2012-01-26 07:00 GMT | Germany Gfk Consumer Confidence Survey (Feb)

2012-01-26 08:30 GMT | Italy Consumer Confidence (Jan)

2012-01-26 10:00 GMT | Italy Wage Inflation (YoY) (Dec)

2012-01-26 11:00 GMT | United Kingdom CBI Distributive Trades Survey - Realized (MoM) (Jan)

 

FOREX NEWS

2012-01-26 05:21 GMT | EUR/USD frozen above 1.3100 in Asia

2012-01-26 02:04 GMT | EUR/JPY poised to test 102.50

2012-01-26 02:04 GMT | USD/CHF consolidating above 0.9200

2012-01-26 02:03 GMT | GBP/USD steady around 1.5650 in early Asia

 

 

EURUSD 1.31184 / 1.31190

High: 1.31335 | Low: 1.30901 | Chg: 0.0013 0.1%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Overbought

 

 

Resistance Levels: 1.3319 | 1.3287 | 1.3268 | 1.3204

Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813

 

Intraday Analysis: After the pair formed a bottom at 1.2930 –Fibonacci 23.6%, the EURUSD was able to break above yesterday’s resistance at 1.3050 (S1) and we now expect the price to find a strong resistance around 1.3150 – September low. A break above the 1.3150 level would suggest a target of 1.3204 (R1). On the other hand if the price fails to break above 1.3150, we can expect the pair to retest 1.3050 (S1). If we consider that the price is forming a top at the current level or the top is around 1.3150 then we should expect a correction downwards and then the continuation of the uptrend.

 

 

 

GBPUSD 1.56637 / 1.56646

High: 1.56755 | Low: 1.56481 | Chg: 0.0007 0.05%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bullish

MA20: Bullish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5881 | 1.5775 | 1.5715 | 1.5680

Support Levels: 1.5627 | 1.5552 | 1.5515 | 1.5449

 

Intraday Analysis: GBPUSD is forming higher bottoms and is now moving towards 1.5680 (R1) to retest that level again, as it is considered a technical and psychological resistance level for the bears. A break above that level will concentrate our focus at 1.5715 (R2). On the downside, if the price declines below 1.5627 (S1) we can expect the price to retest 1.5552 (S2) and then to bounce upwards for a continuation of the uptrend (intraday).

 

 

USDJPY 77.532 / 77.537

High: 77.807 | Low: 77.522 | Chg: -0.246 -0.32%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 79.86 | 79.21 | 78.75 | 78.28

Support Levels: 77.34 | 76.54 | 75.98 | 75.58

 

Intraday Analysis: USDJPY made a sharp move upwards and formed a top at 78.28 (R1) and then fell and was supported at 77.53. It now seems that it is going to retest our first support level at 77.34 (S1). If it breaks below that level, we can expect the price to retest our second support at 76.54 (S2). As we mentioned in yesterday’s analysis, a break above 77.28 (R1) brings the possibility of a trend reversal into play. As long as the pair remains below that level, the price remains trapped in a trading range on the daily timeframe and a downtrend on the weekly.

 

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

URL: https://support.fxcc.com/email/technical/26012012

[alayoua]

Forex Article F.E.A.R

 

When you have relaxed conversations with many traders you’ll find the shared experiences invaluable. Whilst sharing thoughts on; brokers, economic sentiment, strategies etc. is fascinating, one of the most intriguing aspects is how we overcame the barriers we faced on our journey towards proficiency and profitability. Some of these barriers are incredibly difficult to overcome, some are self inflicted, one of the most potent is the fear of ‘pulling the trigger’, quite simply being afraid to put a trade on…

 

It’s worth closely examining this debilitating trader issue as it inevitably strikes most traders at some stage in their trader metamorphosis. However, looking for remedies is not a simple process, given that it’s generally the complex issues of the traders own personality that are the root cause of the problem.

 

http://blog.fxcc.com/wp-content/uploads/2012/01/f.e.a.r.jpg

 

The most common fear preventing pulling the trigger is position size. The stress of potentially losing money can lead to ‘trader paralysis’. The remedy is simply, reduce your size to a position where you feel more relaxed. For example, if you have an account of €10,000 then instead of risking the recommended 1-2% of the account per trade, choose a lower figure, perhaps 0.3%, bearing in mind that at this level the returns will lower and you may struggle to build any critical mass to your account. However, the losses will also be proportionality reduced. Once your confidence is restored slowly build up your risk gradually, perhaps adding 0.2% more risk per week/month over a set target/period of time.

 

There is another slightly more complex issue that can prevent pulling the trigger and it relates to not having enough confidence in your edge. That lack of confidence could also directly relate to an overall lack of experience. There can be times were you have absolute confidence in your strategy, (you’ve back and forward tested it to profitability) but given your lack of experience you still don’t have the ‘experience confidence’ to follow through. What do we mean by ‘experience confidence’?

 

There is no replacement for ‘doing’ in our industry, it’s impossible to put a figure on how many trades you must have executed in order to have gained the ‘right’ level of experience to lose your fear, particularly if you favour swing trading versus scalp trading. Perhaps a measurement of time or hours of immersion would be more appropriate. What is undeniable and frustrating in equal measures is that trading is not a profession that arrives easily as a skill, we have to exercise incredible patience to become proficient. The emotional intelligence required is considerable.

 

It’s quite a common experience for your understanding of; the market, your edge, your overall market intelligence to be ahead of your experience, you get ahead of your own learning curve. It’s actually not a fault, on the contrary it displays your level of overall dedication. Similar to a superb youth footballer at academy level, you may have all the raw skills, but lack the unconscious competence that can only arrive through playing the game, which in our situation is the experience of market participation.

 

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

URL: http://blog.fxcc.com/f-e-a-r

[alayoua]

Daily Forex Market by FXCC 27Jan2012

 

Daily Forex Market by FXCC 27Jan2012

 

MARKET OVERVIEW – JANUARY 27 2012

The dollar heads for a weekly decline

 

The dollar bought $1.3100 per euro as of 8:57 a.m. Tokyo time from $1.3109 Thursday. It yesterday dropped as low as $1.3184 per euro, the weakest level printed since Dec. 21. The greenback was little changed at 77.48 yen. The 17-nation euro fetched 101.50 yen from 101.53, following a 0.4 percent slide yesterday. The U.S. currency has weakened 1.3 percent versus the euro this week. It has appreciated 0.6 percent versus the yen since Jan. 20. The Euro retreated versus sterling after hitting at 0.8398, which was the strongest level seen in 4 weeks. The EUR/GBP dropped from the highs to 0.8347, a new daily low, during the American session. The US Dollar gained momentum across the board versus its major peers as Wall Street turned lower later in the NY session due to bank equities sliding. GBP/USD previously above 1.5700, lost strength retreating to 1.5685. USD/CHF bottomed on Wall Street opening at 0.9155, this was the lowest price witnessed since December 2, the pair moved off session lows later in the session. The recovery of the US Dollar found resistance at 0.9185/90

Read More

 

UPCOMING EVENTS

2012-01-27 08:00 GMT | Spain Retail Sales (YoY) (Dec)

2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (3m) (Dec)

2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (YoY) (Dec)

2012-01-27 10:30 GMT | Switzerland KOF Leading Indicator (Jan)

 

FOREX NEWS

2012-01-27 05:20 GMT | EUR/JPY drops below 101.00 on general JPY buying interest

2012-01-27 04:01 GMT | EUR/JPY sneaks lower; 102.00 blocks rally scope

2012-01-27 00:27 GMT | Japan Retail Trade s.a (MoM) -0.4% in Dec

2012-01-27 00:04 GMT | BoJ to continue expansion of asset buying

 

 

 

 

EURUSD 1.31011 / 1.31016

High: 1.31193 | Low: 1.30775 | Chg: -0.0007 -0.05%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.3311 | 1.3268 | 1.3218 | 1.3185

Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813

 

Intraday Analysis: The EURUSD formed a top at 1.3185 (R1) and as mentioned in yesterday’s analysis we expect the price to make a correction downwards and then to continue its upward move. We expect the price to test 1.3050 (S1) a strong technical support level for the intraday, and then to bounce upwards towards 1.3185 (R1). A break above the 1.3185 level would suggest a target of 1.3218 (R2). Look for long positions around our support levels targeting 1.3218 (R2).

 

 

GBPUSD 1.56865 / 1.56875

High: 1.56955 | Low: 1.56612 | Chg: -0.0002 -0.01%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5735

Support Levels: 1.5621 | 1.5552 | 1.5449 | 1.5407

 

Intraday Analysis: GBPUSD made a high at 1.5735 (R1) as it continued its move upwards (since January 13th). We expect the price to retest 1.5621 (S1) and then to bounce upwards towards our first resistance level of 1.5735 (R1). A break above that level will concentrate our focus on 1.5775 (R2) a technical and psychological level as it has been retested 3 times in the past (November and December of 2011) and is considered a strong resistance level.

 

 

USDJPY 77.130 / 77.134

High: 77.483 | Low: 76.897 | Chg: -0.315 -0.41%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 79.86 | 78.75 | 78.28 | 77.85

Support Levels: 76.87 | 76.54 | 76.06 | 75.54

 

Intraday Analysis: USDJPY made a sharp move downwards this morning and confirmed our recommendations for short positions and also for a continuation of the downtrend. We except the price to continue its downward move as it is under bearish pressure at the moment and it seems to be heading towards 76.54 (S2) and 76.06 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 76.87 (S1). A stop loss should be placed above 77.85(R1).

 

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

URL: https://support.fxcc.com/email/technical/27012012

[alayoua]

Daily Forex Market by FXCC 30Jan2012

 

Daily Forex Market by FXCC 30Jan2012

 

MARKET OVERVIEW – JANUARY 30 2012

Be mindful of SNB moves on the Swiss franc this coming week

The euro traded at $1.3213 as of 8:40 a.m. in Tokyo from $1.3220 on Jan. 27 in New York. It strengthened 2.2 percent against the dollar last week. It reached a low of circa 13190.5 in early trading. The common currency was little changed at 101.130 yen, following a 0.1 percent drop on Jan. 27. The dollar fetched 76.74 yen from 76.70. EUR/CHF is now quoted around its session high of 1.2065, up from an earlier low of 1.2058 and up 0.05% so far on the day. GBP/USD has traded in a tight range of 1.5710-35 in Asia, last at circa 1.5720, down approx. 0.08% so far today.

 

AUD/USD is virtually unchanged in early Asia-Pacific trade, holding slightly below the multi-month high of 1.0685, the pair is last quoted at 1.0610 after opening below past Friday’s closing price of 1.0637.

 

UPCOMING EVENTS

2012-01-30 All day | European Monetary Union EU Economic Summit

2012-01-30 | Germany Consumer Price Index (YoY) (Jan) Preliminar

2012-01-30 | Germany Consumer Price Index (MoM) (Jan) Preliminar

2012-01-30 08:00 GMT | Spain - Gross Domestic Product (QoQ) (Q4)

 

FOREX NEWS

2012-01-27 05:54 GMT | EUR/JPY dips to 101.00

2012-01-27 05:32 GMT | EUR/USD below 1.3200 in Asia

2012-01-27 01:39 GMT | Aussie struggling to hold above 1.0600 in Asia-Pacific

2012-01-27 00:49 GMT | USD/JPY recovering from oversold levels

 

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EURUSD 1.31532 / 1.31539

High: 1.32241 | Low: 1.31487 | Chg: -0.0065 -0.49%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Oversold

 

 

Resistance Levels: 1.3388 | 1.33311 | 1.3268 | 1.3223

Support Levels: 1.3093 | 1.3050 | 1.2952 | 1.2877

 

Intraday Analysis: The EURUSD continued to rise from 1.3093 (S1) and reached a high this morning at 1.3223 (R1). Following that we can see now that the price is heading for a correction towards the second support level at 1.3050 (S2). A break below that level will be suggesting target at 1.2952(S3). On the other hand, If the price will have enough momentum we can expect a rise and retest towards 1.3223 (R1) and break above that level will be suggesting target at 1.3268 (R2).

 

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GBPUSD 1.56816 / 1.56828

High: 1.57309 | Low: 1.56781 | Chg: -0.0044 -0.28%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Oversold

 

 

Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5741

Support Levels: 1.5621 | 1.5552 | 1.5515 | 1.5449

 

Intraday Analysis: GBPUSD broke above 1.5621 (S1) level and formed a top at 1.5741 (R1). It now seems to be heading towards the first support level 1.5621 for a retest. A break below that level would suggest a target of 1.5552 (S2) and a further decline will then focus on the next target at 1.5515 (S3). On the upside, if the price rebounds from the first support level we can expect retesting of 1.5741 (R1), a technical and psychological level. A further rise will then bring focus to the next resistance level at 1.5775 (R2). Look for short positions with a stop loss above 1.5741 (R1) as we expect the pair to move downwards.

 

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USDJPY 76.686 / 76.691

High: 76.775 | Low: 76.652 | Chg: -0.015 -0.02%

SUMMARY: Down

INTRADAY TREND: Downtrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral

 

 

Resistance Levels: 79.86 | 78.75 | 78.28 | 77.28

Support Levels: 76.53 | 76.06 | 75054 | 75.04

 

Intraday Analysis: USDJPY fell sharply and formed a strong support level close to 76.53 (S1) .A break below that level we suggest further decline towards 76.06 (S2). On the other hand if the price manages to stay above our first support level of 76.53(S1) then the expected target is at 77.28 (R1). Our recommendation for today is long positions with a stop loss below 76.53 (S1)- (-35 pips).

 

 

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

URL: https://support.fxcc.com/email/technical/30012012