Update - Daily Technical Levels from FXCC - page 18
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Daily Forex Market by FXCC 17Feb2012
Daily Forex Market by FXCC 17Feb2012
USD/CHF plunges due to Fed’s Ben Bernanke speech..
The euro rose 0.5 percent to $1.3130 at 5 p.m. in New York after sliding to $1.2974, the lowest level witnessed since Jan. 25. The shared seventeen nation common currency rose 1.1 percent to 103.65 yen after touching 103.84 yen, the highest level since Dec. 12. The dollar appreciated 0.7 percent to 78.95 yen after hitting 78.97 yen, the strongest level since Nov. 1 reaching 78.95 from an earlier session low of 78.34 before ending trade in NY at 78.92, 50 pips above its daily starting price. From key resistance at 0.9300, the USD/CHF plunged on the improved sentiment and is now around 0.9250. Sterling rose 0.2 percent to 83.13 pence per euro and gained 0.7 percent to $1.5800.
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UPCOMING EVENTS
2012-02-17 07:00 GMT | Germany Producer Price Index (MoM) (Jan)
2012-02-17 07:00 GMT | Germany Producer Price Index (YoY) (Jan)
2012-02-17 08:55 GMT | Germany Purchasing Manager Index Services (Feb) Preliminar
2012-02-17 08:58 GMT | EU - Purchasing Manager Index Services (Feb) Preliminar
FOREX NEWS
2012-02-17 07:08 GMT | Germany: PPI grows more than expected in January
2012-02-17 07:02 GMT | Germany: PPI (MoM) grows 0.6% in Jan; (YoY) increases 3.4%
2012-02-17 02:06 GMT | USD weakens on healthy appetite for risk
2012-02-17 00:10 GMT | BoJ Minutes: Caution over Europe remains necessary
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EURUSD : 1.31423 / 1.31432
DAILY WEEKLY MONTHLY
1.3322 | 1.3284 | 1.3216 | 1.3159
1.3080 | 1.2973 | 1.2904 | 1.2865
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD has reached a significant support level at 1.2973 (S2) it bounced from that level and rose subsequently to form a high at 1.3159 (R1). A break above that level would suggest a target of 1.3216 (R2) and a further rise will then focus on the next target at 1.3284 (R3). On the downside, if the price does manage to stay below current resistance level1.1.3159 (R1) we can expect retesting of 1.3080 (S1). A further decline will then bring focus to the next support level at 1.2973 (S2) a strong technical support level. We expect the price to retest first resistance level and then to move upwards targeting first and second resistance level. Look for long positions in today trading session with a stop los below 1.2973 (S2).
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GBPUSD : 1.58056 / 1.58073
DAILY WEEKLY MONTHLY
1.5928 | 1.5885 | 1.5848 | 1.5827
1.5770 | 1.5735 | 1.5654 | 1.5613
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD rose sharply yesterday from 1.5654 (S3) and made a top at 1.5815. If it breaks above that level we can expect the price to retest 1.5885 (R3), a significant strong support level. Be on the alert for a correction downwards towards 1.1.5735 (S2) and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue. Look for long positions around 1.5735 (S2) with a stop loss below 1.5654 (S3).
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USDJPY : 79.108 / 79.116
DAILY WEEKLY MONTHLY
82.20 | 81.43 | 80.13 | 79.74
78.19 | 77.36 | 76.53 | 76.02
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY is forming higher bottoms and we are in a clear uptrend move, as it rises for 2 consecutive weeks penetrating successfully yesterday’s resistance level 78.63. Both of our moving averages are giving a strong support to the pair in its uptrend move and are both bullish. Look for long positions targeting 79.74 (R1) a significant technical and psychological level for the bears. A stop loss should be placed below 78.60.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/17022012
Daily Forex Market by FXCC 20Feb2012
Daily Forex Market by FXCC 20Feb2012
USD/JPY has rallied above the October 31st post-intervention high as Japan posts record trade deficit
USD/JPY has rallied above the October 31st post-intervention high of 79.52 in early Asia, extending to a 6-month high of 79.82 after closing the Friday NY session at 79.48, last quoted at 79.70. The seventeen nation shared common currency has jumped to as high as 1.3176 at the weekly opening from 1.3155 late Friday in NY, market sentiment is ‘risk-on’ lifting EUR/USD to a fresh 4-day high of 1.3200 ahead of resistance at 1.3213. GBP/USD broke above resistance (circa 1.5860) to reach a fresh 7-day high of 1.5876 in the early Asia session on Monday, up circa 40 pips above the end of trading late Friday in New York
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UPCOMING EVENTS
2012-02-20 00:01 GMT | United Kingdom Rightmove House Price Index (YoY) (Feb)
2012-02-20 05:00 GMT | Japan Leading Economic Index (Dec)
2012-02-20 07:00 GMT | Greece Current Account (YoY) (Dec)
2012-02-20 09:00 GMT | Italy Industiral Sales n.s.a. (YoY) (Dec)
FOREX NEWS
2012-02-20 05:21 GMT | Japan Dec Coincident Index up to 93.6
2012-02-20 05:20 GMT | Japan Dec Leading Economic Index up to 94
2012-02-20 00:23 GMT | USD/JPY capped below 79.90
2012-02-20 00:04 GMT | UK - Rightmove House Price Index (MoM) 4.1% in Feb
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EURUSD : 1.32089 / 1.32098
DAILY WEEKLY MONTHLY
1.3375 | 1.3322 | 1.3284 | 1.3237
1.3139 | 1.3080 | 1.3020 | 1.2973
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
After the pair formed a bottom at 1.2973 (S4) – Fibonacci 50% (daily chart), the EURUSD was able to break above yesterday’s resistance at 1.3139 (S1) and we now expect the price to find a strong resistance around 1.3300 – February high. A break above the first resistance level of 1.3237 (R1) would suggest a target of 1.3284 (R2). On the other hand if the price fails to break above 1.3237 (R1), we can expect the pair to retest 1.3139 (S1). We should expect a correction downwards towards 1.3139 (S1) and then a continuation of the uptrend.
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GBPUSD : 1.58653 / 1.58671
DAILY WEEKLY MONTHLY
1.5993 | 1.5968 | 1.5928 | 1.5885
1.5815 | 1.5786 | 1.5735 | 1.5654
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD continued to rise from 1.5654 (S4) and reached a high yesterday at 1.5885 (R1). It seems the pair is heading for a correction and it will retest the first support level of 1.5815 (S1). A break below that level would suggest a target of 1.5786 (S2) and a further decline will then focus on the next target at 1.5735 (S3). On the upside, if the price rebounds from the first support level 1.5815 (S1) we can expect retesting of 1.5885 (R1). A further rise will then bring focus to the next resistance level at 1.5928 (R2) a strong technical resistance level – year high.
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USDJPY : 79.527 / 79.541
DAILY WEEKLY MONTHLY
80.93 | 80.67 | 80.23 | 79.87
78.97 | 78.19 | 77.36 | 76.53
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY continued to rise from 76.02 (S4) and reached a high on Friday at 79.87 (R1) a strong resistance level as it has been retested 3 times in the past (March, April, June 2011). If the bulls do not overcome that level then we expect the price to move downwards for a correction and then to continue its upwards move. A break below first support level would suggest a target of 78.19 (S2) and a further decline will then focus on the next target at 76.53 (S3). On the upside, if the price rebounds from the second support level 78.19 (S2) we can expect retesting of 79.87 (R1).Sustained rise will be then indicating second objective at 80.23 (R2) resistance level.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/20022012
Daily Forex Market by FXCC 21Feb2012
Daily Forex Market by FXCC 21Feb2012
USD/JPY eyeing the critical psychological level of 80.00
The yen advanced 0.4 percent versus Europe’s common currency to 105.09 as of 9:00 a.m. in Tokyo. The dollar climbed 0.3 percent to $1.3206 per euro. The U.S. currency was little changed at 79.58 yen. USD/JPY could be in consolidation mode just below the 79.90 zone, which is the recent 6-month high recorded during Monday’s Asian session. EUR/JPY was weaker at the start of trading on Tuesday. Last seen quoting at 105.20 from 105.42 late Monday in NY. GBP/USD is weak in early Asia as the greenback is well bid across the board as risk aversion begins to take hold. The Pound has slid to a session low of 1.5820.
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UPCOMING EVENTS
2012-02-21 00:30 | GMT Australia RBA Meeting's Minutes
2012-02-21 02:30 | GMT Australia RBA's Governor Glenn Stevens Speech
2012-02-21 04:30 | GMT Japan All Industry Activity Index (MoM) (Dec)
2012-02-21 07:00 | GMT Switzerland Trade Balance (Jan)
FOREX NEWS
2012-02-21 04:32 | GMT Japan: All Industry Activity Index (MoM) (Dec): 1.3%
2011-08-10 11:14 | GMT EZ FinMin reach deal on Greece
2012-02-21 02:56 | GMT NZ: Inflation expectations slide to 2.5% in Q1; 0.5% rise expected in Q2
2012-02-21 00:22 | GMT EUR/JPY in bearish mode on general euro weakness
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EURUSD : 1.32813 / 1.32821
DAILY WEEKLY MONTHLY
1.3424 | 1.3375 | 1.3322 | 1.3291
1.3182 | 1.3139 | 1.3080 | 1.3020
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD made a sharp move upwards and confirmed our recommendations for long positions hitting successfully the first resistance level at 1.3291 (R1) .We except the price to continue its upward move as it is under bullish pressure at the moment and it seems to be heading towards 1.3322 (R2) a strong technical resistance. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3291 (R1). If the price fails to break above first level then it will probably move towards the first support level 1.3182 (S1) for a retest and then to continue its upwards move.
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GBPUSD : 1.58560 / 1.58581
DAILY WEEKLY MONTHLY
1.5993 | 1.5968 | 1.5928 | 1.5879
1.5808 | 1.5782 | 1.5735 | 1.5654
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD fell yesterday from 1.5879 (R1) and made a bottom at 1.5808 (S1). If it breaks below that level we can expect the price to retest 1.5782 (S2), a significant strong support level. A further decline will then bring focus to the next support level at 1.5735 (S3). We expect the price to retest and break below first support level targeting 1.5782 (S2) and then 1.5735 (S3). Look for short positions in today's trading session with a stop loss above 1.5879 (R1).
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USDJPY : 79.785 / 79.797
DAILY WEEKLY MONTHLY
80.93 | 80.67 | 80.23 | 79.87
78.97 | 78.64 | 78.19 | 77.36
SUMMARY : Up
TREND Up : trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY formed a high at 79.87 (R1) as we previously mentioned in yesterday’s analysis as it has reached a very crucial level that has been retest 3 times in the past. A break above that level, it will indicate an upward break out from the trading range of the weekly chart. This is very important as it will determine our bias towards the next trading sessions. Overall, a break above that level we will look to confirm an uptrend as the outlook continues to be positive for the USDJPY. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 79.87 (R1). A stop loss should be placed below 79.28 (above S1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/21022012
Daily Forex Market by FXCC 22Feb2012
Daily Forex Market by FXCC 22Feb2012
The yen fell for a fourth day versus the dollar, the longest losing streak in more than two months.
The yen fell 0.1 percent to 79.74 at 5 p.m. in New York, after touching 79.89 yesterday, the weakest level seen since Aug. 4. The euro declined less than 0.1 percent to $1.3234 after reaching $1.3293, the highest level since Feb. 9. Europe’s currency rose 0.1 percent 105.54 yen after earlier rising to 106.01 yen, the most since Nov. 14. Sterling was one of the weaker performers versus the US dollar on Tuesday, recording a daily decline of circa 0.40%. GBP/USD is still under pressure, printing at 1.5790 from 1.5844.
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URL: https://support.fxcc.com/email/technical/21022012
UPCOMING EVENTS
2012-02-22 08:30 | GMT GermanyPurchasing Manager Index Manufacturing (Feb)
2012-02-22 09:00 | GMT EU - Purchasing Manager Index Manufacturing (Feb)
2012-02-22 09:30 | GMT United Kingdom Bank of England Minutes
2012-02-22 10:00 | GMT EU - Industrial New Orders (YoY) (Dec)
FOREX NEWS
2012-02-22 04:59 | GMT USD/JPY above 80.00
2012-02-22 02:31 | GMT China HSBC Manufacturing PMI 49.7 in Feb
2012-02-22 02:02 | GMT New Zealand Credit Card Spending s.a. (YoY) 3.1% in Jan
2012-02-22 00:32 | GMT Australia Wage Price Index (QoQ) 1% in 4Q
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EURUSD : 1.32579 / 1.32589
DAILY WEEKLY MONTHLY
1.3424 | 1.3375 | 1.3322 | 1.3291
1.3182 | 1.3139 | 1.3080 | 1.3020
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD fell yesterday and formed a low just 12 pips away from our support level 1.3182 confirming our scenario for retesting that level and then continuing an upward move. The euro has been trapped in a sideways direction between 1.3291 (R1) and 1.3182 (S1). If we switch to a higher timeframe (4 hours or daily) we can observe a double top and this is a signal for a trend reversal. The EURUSD whipsawed traders on February, breaking higher, breaking lower, trading sideways and lastly forming a double top giving signs for trend reversal. Our recommendation for today’s trading session is no position until we get a clearer trend direction.
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GBPUSD : 1.57839 / 1.57857
DAILY WEEKLY MONTHLY
1.5928 | 1.5879 | 1.5839 | 1.5807
1.5762 | 1.5735 | 1.5700 | 1.5654
SUMMARY : Down
REND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a sharp move downwards from 1.5860 towards 1.5762 level, successfully touching our support level and confirming our recommendations for short positions (+78 pips). Now the price has found a strong support at 1.5762, if it falls below this level we can expect the price to continue its downward move as it is under bearish pressure and it seems to be heading towards our support levels. This bearish pressure can also be confirmed by the moving averages that have turned bearish and the price is using them as a strong resistance. Look out for a correction upwards towards 1.5807 (R1) and then the continuation of the downward move.
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USDJPY : 80.031 / 80.045
DAILY WEEKLY MONTHLY
81.86 | 81.47 | 80.93 | 80.67
79.35 | 78.97 | 78.69 | 78.19
SUMMARY: Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
The USDJPY broke above our resistance level 79.87 – yearly high, and has confirmed the upward direction seen since the beginning of February. So the most likely scenario is that the pair will continue its upward move targeting 80.67 (R1) and then a further rise will be limited to 81.47 (R2). Look for long positions in today’s trading session as the pair is in a strong upwards momentum with a stop loss below 79.35 (S1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 23Feb2012
Daily Forex Market by FXCC 23Feb2012
Sterling falls sharply as doubts emerge over quantitative easing levels by the Bank of England.
The greenback traded at $1.3248 per euro as of 8:32 a.m. Tokyo from $1.3249 in New York yesterday. It was at $1.0620 versus Australia’s dollar from $1.0638 yesterday, when it rose 0.2 percent. Against New Zealand’s currency, it traded at 82.83 U.S. cents after yesterday gaining 0.6 percent to 82.93. Japan’s currency was little changed at 80.34 yen per dollar after falling yesterday to 80.40, the weakest level since July 11. It fetched 106.43 per euro from 106.38 yen. Sterling declined 0.7 percent to 84.49 pence per euro at 4:34 p.m. London time after falling to 84.57 pence, the weakest level since Dec. 13. The U.K. currency slid 0.6 percent to $1.5678, and was little changed at 125.88 yen.
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URL: https://support.fxcc.com/email/technical/23022012
UPCOMING EVENTS
2012-02-23 09:00 GMT | Germany IFO - Business Climate (Feb)
2012-02-23 09:00 GMT | Germany IFO - Current Assessment (Feb)
2012-02-23 09:00 GMT | Germany IFO - Expectations (Feb)
2012-02-23 09:30 GMT | United Kingdom BBA Mortgage Approvals (Jan)
FOREX NEWS
2012-02-23 05:04 GMT | EUR/USD again rejected below 1.3265 in Asia
2012-02-23 04:25 GMT | GBP/JPY slips to 4-day lows below 125.50
2012-02-23 02:37 GMT | EUR/GBP trading off 2-month highs
2012-02-23 00:40 GMT | EUR/AUD taking stabs at 1.2475
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EURUSD : 1.32769 / 1.32780
DAILY WEEKLY MONTHLY
1.3424 | 1.3375 | 1.3322 | 1.3291
1.3211 | 1.3182 | 1.3139 | 1.3020
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
EURUSD after price formed lower top within the upper and lower barrier of the trading range, price continued in sideways move between 1.3211 support and resistance at 1.3291. Right now it seems that the pair is gaining momentum to the upwards and we can expect probably price will be targeting at resistance at 13291. Further rise above this level will then focus on 1.3322 (R2) and if EURUSD holds its momentum, rise might be limited at 1.3375 (R3). On the downside, if the price declines below 1.3211 (S1) we can expect the price to retest at 1.3182 (S2).
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GBPUSD : 1.56924 / 1.56945
DAILY WEEKLY MONTHLY
1.5814 | 1.5762 | 1.5735 | 1.5700
1.5649 | 1.5625 | 1.5576 | 1.5523
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
The GBPUSD made a move upwards to retest the first resistance level at 1.5807 (yesterday's resistance) and after that it fell sharply penetrating successfully our support levels (targets) of 1.5762, 1.5735 and 1.5700 (S3) confirming our yesterday’s recommendations for short positions (+107 pips). Now it seems that the pair formed a strong support at 1.5649 (S1) a strong technical and psychological support level that it has been retested 2 times in February but price didn’t manage to break below it.On the other hand a break below 1.5649 (S1) we will then expect the price to retest 1.5625 (S2) and then further decline will then approach towards 1.5576 (S3). Look for long positions as far as the price is moving above 1.5649 (S1) with a stop loss close to 1.5625 (S2).
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USDJPY : 80.138 / 80.152
DAILY WEEKLY MONTHLY
81.86 | 81.47 | 80.84 | 80.40
79.88 | 79.35 | 78.97 | 78.69
SUMMARY: Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The outlook for USDJPY continues to be positive as it successfully managed to stay above our support levels and its clear that it is moving upwards. This is supported by the fact that the 10 and the 20 Moving Averages are giving as a strong support in the uptrend as both of them are providing bullish signals. We remain bullish on the pair until we see a definite signal for correction or retracements and even for reversal. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 80.40 (R1). A stop loss should be placed above 79.35 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 24Feb2012
Daily Forex Market by FXCC 24Feb2012
Aussie Dollar Set for a Two-Week Gain..
The euro was unchanged at $1.3373 as of 8:40 a.m. in Tokyo from Thursday and earlier touched $1.3379, matching the highest since Dec. 12. The shared currency was at 106.90 yen from 106.98 yesterday, when it rose 0.6 percent. The yen was at 79.94 per dollar from 80 yesterday. The USD/JPY finally broke down through the key 80.00 support level late Thursday after falling almost 50 pips from 80.30 to break support posting fresh intra-day lows at 79.85. Sterling advanced 0.2 percent to $1.5696 at 5:08 p.m. London time, trimming yesterday’s 0.7 percent decline. The currency dropped 0.3 percent to 84.78 pence per euro, after depreciating to 84.89 pence, the weakest since Dec. 12.
Australia’s dollar gained 0.1 percent to $1.0728 at 11:00 a.m. in Sydney, set to rise 0.2 percent this week. The Aussie bought 85.75 yen from 85.74 yesterday. New Zealand’s currency bought 83.73 U.S. cents, 0.1 percent higher than yesterday’s close in New York. It was poised for a 0.6 percent weekly advance. The kiwi was at 66.93 yen from 66.90.
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URL: https://support.fxcc.com/email/technical/24022012
UPCOMING EVENTS
2012-02-24 07:00 GMT | Germany Gross Domestic Product s.a (QoQ) (Q4)
2012-02-24 07:00 GMT | Germany Gross Domestic Product n.s.a (YoY) (Q4)
2012-02-24 09:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3)
2012-02-24 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3)
FOREX NEWS
2012-02-24 05:40 GMT | EUR/USD muted in Asia around 1.3370
2012-02-24 02:55 GMT | EUR/AUD slides below 1.2450 on RBA comments
2012-02-24 01:11 GMT | AUD/JPY breaks the 86.00 handle
2012-02-24 00:51 GMT | GBP/USD steady below 1.5750
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EURUSD : Connection timeout
DAILY WEEKLY MONTHLY
1.3493 | 1.3469 | 1.3425 | 1.3377
1.3293 | 1.3211 | 1.3182 | 1.3139
SUMMARY : Up
TREND : Up trend
MA10: Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD formed a high at 1.3377 (R1) taking away positive our 3 targets (1.3291, 1.3322 and 1.3375) that were recommended in yesterday’s analysis gaining a total of 117 pips!! EURUSD is in a strong uptrend momentum. A break above 1.3377 will continue its upward move targeting next resistance level at 1.3425 (R1). A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3377(R2). A stop loss should be placed below 1.3293 (S1).
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GBPUSD : 1.57313 / 1.57327
DAILY WEEKLY MONTHLY
1.5924 | 1.5879 | 1.5814 | 1.5755
1.5700 | 1.5649 | 1.5593 | 1.5424
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD rebounded from 1.5649 (S2) and made a sharp move upwards penetrating successfully first and second target (1.5700 and 15735) ending our day with profits!! It seems now the pair is doing a small correction before it continues its move upwards towards 1.5814 (R2). A proper confirmation for long positions will be when the price manages to break above our first resistance level. A stop loss should be placed below 1.5680.
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USDJPY : 80.408 / 80.412
DAILY WEEKLY MONTHLY
81.86 | 81.47 | 80.84 | 80.48
79.88 | 79.35 | 78.97 | 78.69
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY after a successful run since beginning of February USDJPY is moving in a consolidation mode between the levels of 79.88 (S1) and 80.46 (R1). A break above upper level we will be suggesting target at 80.84 (R2) and of course continuation of the uptrend. In the other hand a break below 79.88 (S1) we can expect the price to retest support at 79.35 (S2). As far as the price is moving between 79.88 (S1) and 80.46 (R1) we remain flat.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 27Feb2012
Daily Forex Market by FXCC 27Feb2012
The dollar climbed to its highest level in almost nine months against the yen
In the first hour of Asia-Pacific session the euro rose 0.6 percent to 109.83 yen as of 7:55 a.m. in Tokyo from 109.18 in New York on Feb. 24. The common currency traded as high as 109.91, its strongest level since Oct. 31. It advanced 0.1 percent to $1.3468. The dollar climbed as much as 0.6 percent to 81.67 yen, its highest level since May 31, before trading at 81.55. However, The yen erased its 0.6 percent loss versus the dollar before trading at 81.14 as of 9:35 a.m. Tokyo time from 81.20 on Feb. 24 in New York. GBP/USD opened the Asia-Pacific session at 1.5880 from 1.5896 Friday close in New York; the pair experienced heavy selling interest at 1.5899, dipping to as low as 1.5860.
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URL: https://support.fxcc.com/email/technical/27022012
UPCOMING EVENTS
2012-02-27 07:45 GMT | France Producer Prices (MoM) (Jan)
2012-02-27 9:00 GMT | Italy Business Confidence (Feb)
2012-02-27 9:00 GMT | European Monetary Union M3 Money Supply (YoY) (Jan)
2012-02-27 9:00 GMT | European Monetary Union M3 Money Supply (3m) (Jan)
FOREX NEWS
2012-02-27 05:56 GMT | EUR/USD holds above 1.3440 in Asia-Pacific
2012-02-27 04:29 GMT | GBP/USD range bound between 1.5860/1.5900
2012-02-27 03:59 GMT | EUR/JPY finds ground at 109.00 in Asia
2012-02-27 00:38 GMT | GBP/USD capped below 1.5900
EURUSD : 1.34401 / 1.34411
DAILY WEEKLY MONTHLY
1.3613 | 1.3586 | 1.3542 | 1.3486
1.3377 | 1.3293 | 1.3211 | 1.3139
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD rise on Friday and penetrated successfully our first resistance giving us a profit of 51 pips!! We expect the price to continue its upward move as it is under bullish pressure, but before that we can expect for a correction downwards below 1.3377 (S1) and then to continue upwards. Look for long positions below 1.3377 (S1) with a stop loss at 1.3293 (S2) targeting 1.3486 (R1).
GBPUSD : 1.58567 / 1.58584
DAILY WEEKLY MONTHLY
1.5998 | 1.5969 | 1.5934 | 1.5898
1.5813 | 1.5762 | 1.5700 | 1.5649
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
GBPUSD rise from 1.5700 (S3) and made a sharp move upwards successfully penetrating our first target ending our day with profits (+59 pips)!! After that the price formed a high at 1.5898 (R1) and fell. Now it seems that the pair is moving downwards for a correction towards 1.5813 (S1) and even to our second support at 1.5762 (S2). Look for short positions at current price targeting 1.5813 (S1) and 1.5762 (S2) with a stop loss above 1.5898 (R1).
USDJPY : 81.090 / 81.099
DAILY WEEKLY MONTHLY
83.66 | 82.50 | 81.97 | 81.66
80.78 | 80.42 | 79.88 | 79.35
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY formed a high at 81.66 (R1) profiting on all our targets recommended on Friday's analysis gaining a total of 107 pips!! After that the pair fell and it now seems that it is going to retest 80.78 (S1) soon. A break below that level will be suggesting target at 80.42 (S2) as we are in a correction phase of our uptrend. On the other hand if price manage to break above 81.66 (R1) we will then expect the price to reach 81.97 (R2) and then further rise will then approach towards 82.50(R3). Look for long positions above 80.42 (S2) with a stop loss below 79.88 (S3) targeting second resistance level 81.97 (R2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 28Feb2012
Daily Forex Market by FXCC 28Feb2012
The yen finally breaks a seven day decline versus the euro
The yen gained 1.1 percent to 107.99 per euro at 3:20 p.m. New York time after rising 1.8 percent, the most since Nov. 9. It broke a seven-day decline against the common currency, the longest such streak since January 2010. The Japanese currency gained 0.8 percent to 80.52 per dollar after earlier touching 81.67, the weakest since May 31. The euro was 0.3 percent weaker at $1.3411. The pound rose as much as 0.2 percent on Monday to $1.5902, before trading down 0.3 percent at $1.5823. USD/CHF lost momentum falling back below the 0.9000 mark as risk sentiment improved after positive US data, weighing on the Greenback.
Canada’s currency was little changed at 99.90 cents per U.S. dollar at 5 p.m. in Toronto. It's traded on both sides of parity over the past four days, reaching its weakest level of C$1.0050 today and touching its strongest, 99.54 cents, on Feb. 23. The loonie remained above parity on Feb. 21. It gained today versus the majority of its 16 most-traded peers. One Canadian dollar buys $1.0010. Risk sentiment improvement hit the market in mid afternoon on Monday, sending the AUD/USD back above 1.0700 level, to a high of 1.0743.
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URL: https://support.fxcc.com/email/technical/28022012
UPCOMING EVENTS
2012-02-28 07:00 GMT | Germany Gfk Consumer Confidence Survey (Mar)
2012-02-28 10:00 GMT | European Monetary Union Consumer Confidence (Feb)
2012-02-28 10:00 GMT | European Monetary Union Economic Confidence (Feb)
2012-02-28 13:00 GMT | Germany Consumer Price Index (YoY) (Feb) Preliminar
FOREX NEWS
2012-02-28 05:12 GMT | GBP/USD holds bid tone above 1.5800
2012-02-28 04:53 GMT | AUD/USD struggling with the top of the channel
2012-02-28 02:54 GMT | EUR/USD steady above 1.3400
2012-02-28 01:57 GMT | EUR/JPY challenging weekly low on broad-based Yen strength
EURUSD : 1.34428 / 1.34437
DAILY WEEKLY MONTHLY
1.3613 | 1.3586 | 1.3542 | 1.3486
1.3366 | 1.3293 | 1.3211 | 1.3139
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
EURUSD fell and find a strong support at 1.3366 a level that we have recommended using for long positions targeting resistance levels. After the price touched that level it moved upwards gaining successfully another one trading session and confirming our recommendations for long positions at the current support!! Now, it seems that the price is moving upwards and is heading towards the first resistance to retest it again. A break above that level will be suggesting target at 1.3542 (R2) and further rise will be limited to 1.3586 (R3). On the other hand if price manage to stay below 1.3486 (R1) we will then expect the price to retest 1.3366 (S1) and then further decline will then approach towards 1.3293 (S2).
GBPUSD : 1.58456 / 1.58471
DAILY WEEKLY MONTHLY
1.5998 | 1.5969 | 1.5934 | 1.5898
1.5809 | 1.5762 | 1.5700 | 1.5649
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD formed a low at 1.5809 (S1), profiting on our target (1.5813) recommended in yesterday’s analysis gaining a total of 49 pips. After that the price rebounded and now it seems that it is moving upwards to retest our resistance level at 1.5898 (R1) a technical and psychological level. A break above 1.5898 will continue its upward move targeting the next resistance level at 1.5934 (R2). On the other hand, a break below 1.5809 (S1) would suggest a target of 1.5762 (S2) and a further fall will then focus on the next target at 1.5700 (S3).
USDJPY : 80.512 / 80.520
DAILY WEEKLY MONTHLY
82.50 | 81.97 | 81.66 | 80.78
79.88 | 79.35 | 78.97 | 78.19
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY recovers after hitting 80.11 just 20 pips from our support line, opening our long positions at 80.40 and failing to hit our yesterday target, profiting only +15 pips. After the price formed a top at 81.66 (R2) a significant technical level, fell and formed a strong support at 80.00 level. A break below that it will indicate a reversal in trend (intraday) as a break above 81.66 (R1) it will indicate the continuation of the uptrend trend line. I recommend staying on the side lines to await a clearer trend direction – No position.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 29Feb2012
Daily Forex Market by FXCC 29Feb2012
Euro could rise on LTRO expectation
The euro rose 0.5 percent to $1.3458 at 5 p.m. in New York. It added 0.3 percent to 108.29 yen. The dollar weakened 0.2 percent to 80.46 yen. The pound rose 0.5 percent to $1.5901 after reaching $1.5908, the strongest level since Feb. 8. The U.K. currency was little changed at 84.64 pence per euro. USD/CHF consolidated around the 0.8950 zone, cutting back from an earlier high of 0.9000 on Tuesday reaching a session low of 0.8947, recording a 0.45% loss on the day as nearing the end of trading in the New York session.
Canada’s dollar, the loonie, appreciated 0.4 percent to 99.53 cents per U.S. dollar at 5 p.m. in Toronto. The currency, which reached 99.42 cents, the most since Feb. 21, has appreciated 2.6 percent this year. One Canadian dollar buys $1.0047. The Aussie dollar climbed to a new weekly high of 1.0785 on Tuesday, stopping below that level stalling at 1.0764 in New York, circa 10 pips above the previous day’s close, ahead of the much-anticipated liquidity injection (LTRO) in Europe scheduled for announcement on Wednesday.
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URL: https://support.fxcc.com/email/technical/29022012
UPCOMING EVENTS
2012-02-29 08:55 GMT | Germany Unemployment Change (Feb)
2012-02-29 09:30 GMT | United Kingdom Consumer Credit (Jan)
2012-02-29 10:00 GMT | EU - Consumer Price Index (YoY) (Jan)
2012-02-29 10:15 GMT | EU - ECB LTRO auction
FOREX NEWS
2012-02-29 05:02 GMT | Japan Housing Starts (YoY) -1.1% in Jan
2012-02-29 00:37 GMT | Australia: Jan Retail Sales +0.3%, as expected
2012-02-29 00:18 GMT | Australia: New Homes Sales disappoint at -7.3%
2012-02-29 00:02 GMT | UK - Gfk Consumer Confidence steadies at -29 in Feb
EURUSD : 1.34731 / 1.34742
DAILY WEEKLY MONTHLY
1.3613 | 1.3586 | 1.3542 | 1.3486
1.3366 | 1.3293 | 1.3211 | 1.3139
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD after price formed top at 1.3486 (R1), price continued in sideways move between 1.3366 support and resistance at 1.3486. Right now it seems EURUSD is gaining momentum and we can expect probably price will be breaking above first resistance at 1.3486 (R1). Further rise above this level will then focus on 1.3542 (R2) resistance and if EURUSD holds its momentum, rise might be limited at 1.3586 (R3). On the other hand if the price manages to stay below 1.3486 we expect the pair to retest first support and then continue its sideways move.
GBPUSD : 1.59321 / 1.59340
DAILY WEEKLY MONTHLY
1.6029 | 1.5998 | 1.5969 | 1.5937
1.5899 | 1.5809 | 1.5762 | 1.5700
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC: Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a sharp move upwards and confirmed our recommendations for long positions hitting successfully the second resistance level ending the day with 40 pips profit. We except the price to continue its upward move as it is under bullish pressure at the moment (both of our MA are bullish) and it seems to be breaking above 1.5937 (R1) a strong technical and psychological level as this level has been retested again in the past (beginning of February) without succeeding to break above it. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.5937 (R1). A stop loss should be placed above 1.5809 (S2).
USDJPY : 80.430 / 80.438
DAILY WEEKLY MONTHLY
82.50 | 81.97 | 81.66 | 80.78
80.00 | 79.35 | 78.97 | 78.19
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
The USDJPY fell from 81.66 (R2) and formed a lower top at 80.78 (R1) after which the price rebounded from 80.00 (S1). A break above the first resistance level of 80.78 (R1) would suggest a target and retest of 81.66 (R2). If the price holds its momentum on the upside we can expect a further rise towards 81.97 (R3). On the other hand, if the price does not manage to break above 80.78 (S1) we can expect the pair to retest support at 80.00 (S1) and a further fall will be limited to 79.35 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 01Mar2012
Daily Forex Market by FXCC 01Mar2012
Cable reached a morning session highs after the ECB’s LTRO
The Euro fell to a 1-week low versus the UK Pound following the ECB LTRO operation, which injected €530 billion into the European banking system. EUR/GBP is quoting in the 0.8440 zone, where it's currently showing a 0.2% loss on the day. The euro has dropped 1 percent versus the New Zealand dollar, and has declined 0.7 percent versus Australia’s currency.
The Australian dollar rose 0.6 percent to $1.0834 after climbing to $1.0856, the strongest level witnessed since Aug. 2, 2011. USD/CAD has been edging lower, some 85 pips below parity, at 0.9916
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URL: https://support.fxcc.com/email/technical/01032012
UPCOMING EVENTS
2012-03-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Feb)
2012-03-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Feb)
2012-03-01 09:30 GMT | UK - Purchasing Manager Index Manufacturing (Feb)
2012-03-01 10:00 GMT| EU - Unemployment Rate (Jan)
FOREX NEWS
2012-03-01 05:35 GMT | Australia Feb RBA Commodity Index SDR (YoY) 3.5%
2012-03-01 02:30 GMT | China Feb HSBC Manufacturing PMI improves to 49.6
2012-03-01 00:32 GMT | Australia Jan Building Permits (YoY) -14.6%
2012-03-01 00:31 GMT | Australia Private Capital Expenditure -0.3% in 4Q
EURUSD : 1.33310 / 1.33319
DAILY WEEKLY MONTHLY
1.3613 | 1.3542 | 1.3486 | 1.3424
1.3312 | 1.3211 | 1.3139 | 1.3087
SUMMARY : Down
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD after retesting 1.3486 (R2) twice, it did not manage to break above it, as a result to fell yesterday and to made a bottom at 1.3312 (S1).It seems that we are in a correction phase of our uptrend. If it breaks below that level (go short) we can expect the price to retest 1.3211 (S2), a significant strong support level. On the other hand, if the price does not manage to break below 1.3312 (S1) we can expect the pair to retest 1.3424 9 (R1) and further rise will be limited to 1.3486 (R2) a technical and psychological level for the bulls. A proper confirmation for the long positions will be when the price manages to break above 1.3366. A stop loss should be placed below 1.3312 (S1).
GBPUSD : 1.59136 / 1.59148
DAILY WEEKLY MONTHLY
1.6097 | 1.6068 | 1.6029 | 1.5991
1.5871 | 1.5811 | 1.5755 | 1.5649
SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD rise and penetrated successfully second resistance and it came close to third(only 7 pips away), confirming our long position towards our target at 1.5969 gaining a small profit (+32 pips)! After forming top above our resistance level at 1.5991 (R1) price begin to fall and was able to come close to our support level at 1.5871 (S1) a significant both psychological and technical level. We expect the price to move further down towards 1.5871 (S1) for a correction. A break below that level it will then retest 1.5811 (S2) and further decline will then be limited to 1.5755 (S3). Look for short positions in today’s trading session with a stop loss above 1.5991 (R1).
USDJPY : 81.059 / 81.067
DAILY WEEKLY MONTHLY
82.93 | 82.50 | 81.97 | 81.66
80.78 | 80.00 | 79.35 | 78.97
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
After a successful run since the beginning of February, USDJPY formed a top at 81.66 (R1) and fell creating a strong support level at 80.00 (intraday). Yesterday the price was able to break above 80.78 (S1), retested it, and now is moving above that level. Our recommendation for today’s trading session is we open long positions only when the price breaks above 81.66 (R1). As far as the price is below that level we remain flat until we get a clearer direction of the price.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)