Topic: Daily Technical Analysis by FXCC

[alayoua]

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.
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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

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.
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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

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.
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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 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.
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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

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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.

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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

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]

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

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

------
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).

-------
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.

------ 
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

[alayoua]

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

-------
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).

-------
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).

-------
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]

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

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.
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

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

[alayoua]

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

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

[alayoua]

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