Daily Technical Analysis

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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.

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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.

 

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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).

 

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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

 

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]

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

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

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

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.

Read More

 

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.

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

 

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 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

 

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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