Daily Technical Analysis

[alayoua]

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

 

 

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

 

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

 

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

 

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

 

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

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

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

[alayoua]

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 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