Update - Daily Technical Levels from FXCC - page 20
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Daily Forex Market by FXCC 20Mar2012
Daily Forex Market by FXCC 20Mar2012
GBP/USD pressured ahead of key CPI data
EUR/USD has been on corrective mode all Asian trade long, printing lows at 1.3225 and highs at 1.3243, last at 1.3231. Local share markets are mostly in the red, with Japan on holiday, following gas prices rising in China, and comments from BHP on slowing iron demand from China, which has sent Aussie lowest for the week, triggering some USD rally across the board. Oil and gold also trade at session lows while these lines are being written.GBP/USD traded down to 1.5865 during the Asia-Pacific session Tuesday, as risk appetite waned and investors favored the safety of the US dollar as Asian stocks traded in red.
AUD/USD has come under renewed selling pressure in Asia as traders react negatively to comments from an executive at BHP, sliding sharply from it session high of 1.0623 to a fresh session low of 1.0575 and threatening to edge lower.
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UPCOMING EVENTS
2012-03-20 07:00 GMT | Germany Producer Price Index (YoY) (Feb)
2012-03-20 07:00 GMT | Germany Producer Price Index (MoM) (Feb)
2012-03-20 09:30 GMT | United Kingdom Consumer Price Index (YoY) (Feb)
2012-03-20 09:30 GMT | United Kingdom Retail Price Index (YoY) (Feb)
FOREX NEWS
2012-03-20 05:31 GMT | EUR/USD in corrective mode above 1.3220 in Asia
2012-03-20 05:25 GMT | GBP/USD pressured ahead of key CPI data
2012-03-20 02:31 GMT | EUR/AUD hit fresh 5-day highs above 1.2510
2012-03-20 02:11 GMT | AUD/USD back under pressure on BHP comments
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EURUSD : 1.32332 / 1.32343
DAILY WEEKLY MONTHLY
1.3421 | 1.3378 | 1.3324 | 1.3264
1.3189 | 1.3119 | 1.3048 | 1.3003
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
EURUSD rise from 1.3150 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just below of our recommended target ending our day with profits (+48 pips)!! After the price formed a top at 1.3264 (R1), the price fell and now is moving above our first support level. We expect the price to move upwards and retest the March high at 1.3264 (R1). Look for long positions at 1.3264 targeting 1.3291 (R2). A stop loss should be placed at 1.3224.
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GBPUSD : 1.58690 / 1.58706
DAILY WEEKLY MONTHLY
1.6034 | 1.5997 | 1.5967 | 1.5913
1.5819 | 1.5734 | 1.5654 | 1.5605
SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD gained momentum in yesterday’s session and formed a higher bottom and top, successfully penetrating yesterday's target ending our day with 36 pips of profit! After that the price found a strong resistance at 1.5913 (R1), a yearly high. We expect the price to move upwards but only a break above 1.5913 (R1) will give as a confirmation for long positions targeting 1.5967 (R2).
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USDJPY : 83.434 / 83.442
DAILY WEEKLY MONTHLY
84.92 | 84.57 | 84.18 | 83.81
83.00 | 82.58 | 81.94 | 81.14
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 21Mar2012
Daily Forex Market by FXCC 21Mar2012
EUR/USD ends Asian trade above Monday highs
EUR/USD is currently at 1.3267 retreating from session highs at 1.3283, highest since March 08, still up for the session +0.30% and +0.71% for the week. European futures point for a higher open following the run up in US futures in after hours, and the rise in commodities during the Asian trade, although local share markets have traded in a mixed way with mostly all indexes in the red, Nikkei lower near session lows by -0.59%.At the start of trading this Wednesday, USD/JPY is trading a tight 83.52-83.72 range, last at 83.60 with support levels noted at 83.30, 83.10 and 82.80, while resistance is seen at 83.80, 84.15 and 84.45.
AUD/USD has given up all of its earlier gains this Wednesday in Asia, coming off hard from its 1.0525 intraday high to levels back near its starting price at 1.0477.After consolidating above the 0.8300 handle for the last week, EUR/GBP has recently broken to the upside and has risen to a 6-day high of 0.8358 this Wednesday in Asia, last quoted at 0.8355, up 20 pips above its opening price.
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UPCOMING EVENTS
2012-03-21 09:30 GMT | United Kingdom Bank of England Minutes
2012-03-21 09:30 GMT | United Kingdom Public Sector Net Borrowing (Feb)
2012-03-21 12:00 GMT | Canada Leading Indicators (MoM) (Feb)
2012-03-21 13:30 GMT | United States Fed's Bernanke Speech
FOREX NEWS
2012-03-21 05:45 GMT | EUR/USD ends Asian trade above Monday highs
2012-03-21 05:36 GMT | GBP/USD limited below 1.5900 ahead of Europe
2012-03-21 02:50 GMT | EUR/GBP climbs to 6-day high near 0.8360
2012-03-21 02:09 GMT | EUR/JPY limited below 111.00 figure
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EURUSD : 1.32737 / 1.32747
DAILY WEEKLY MONTHLY
1.3421 | 1.3378 | 1.3324 | 1.3283
1.3235 | 1.3189 | 1.3119 | 1.3048
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD gained momentum and formed a higher top, successfully penetrating yesterday's resistance making a new high at 1.3283 (R1). The pair is moving upwards and we expect the price to continue its uptrend but only a break above 1.3283 (R1) will give as a confirmation for long positions targeting 1.3324 (R2). As far as the price is below 1.3283 (R1) we remain flat.
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GBPUSD : 1.58827 / 1.58836
DAILY WEEKLY MONTHLY
1.6034 | 1.5997 | 1.5967 | 1.5913
1.5819 | 1.5734 | 1.5654 | 1.5605
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD fell on yesterday’s trading session and was supported at 1.5819 (S1) a strong technical level. The price then rose and was able to close in the middle of first support and resistance level and now it seems that the price is gaining momentum. A break above 1.5913 (R1) would suggest a target at 1.5967 (R2) and further rise will be limited at 1.5997 (R3). Look for long positions at 1.5913 targeting recommended resistance levels.
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USDJPY : 83.682 / 83.689
DAILY WEEKLY MONTHLY
84.92 | 84.57 | 84.18 | 83.81
83.00 | 82.58 | 81.94 | 81.14
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY didn’t made any significant moves in yesterday’s trading session and is still trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 22Mar2012
Daily Forex Market by FXCC 22Mar2012
GBP/USD bracketed between 1.5855/82 ahead of key UK data
EUR/USD is currently at 1.3230 slightly off session highs, before worse than expected Chinese PMI figures came out at 48.1. The Euro has been relatively well supported specially against AUD given the risk-off round in the Asia-Pacific market after the PMI data, lifting EUR/AUD to fresh 2012 highs at 1.2737. The pair holds onto +0.19% gains since session started, still below 0.618 retrace of yesterday's leg down 1.3285/1.3178. GBP/USD traded a limited range between 1.5855 and 1.5882 during the Asia-Pacific session, last quoted just a few pips below its starting price this Thursday at 1.5867.In the European session ahead, risk event for the Pound will be February UK Retail Sales data due for release at 0930 GMT, considered one of the most important consumer indicators.
The Australian dollar (AUDJPY) is sliding across the board this Thursday in Asia after a surprisingly weak reading of China's HSBC Flash PMI, reigniting concerns of a sharp slowdown in the world's second largest economy, shrinking in March for a fifth successive month to 48.1. The EURJPY after remaining well on course for the 111.57 intervention high, the pair had a violent turnaround on Wednesday, courtesy of heavy yen buying across the board, taking the rate as low as 110.03 post NY close and even extending to new lows at 109.87 post trade balance results in Japan, which came better than expected due to an increase in US car sales and steel exports.
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UPCOMING EVENTS
2012-03-22 09:00 GMT | EU Purchasing Manager Index Manufacturing (Mar) Preliminar
2012-03-22 09:00 GMT | EU Purchasing Manager Index Services (Mar) Preliminar
2012-03-22 09:30 GMT | United Kingdom Retail Sales (YoY) (Feb)
2012-03-22 09:30 GMT | United Kingdom Retail Sales ex-Fuel (YoY) (Feb)
FOREX NEWS
2012-03-22 06:01 GMT | EUR/USD at session highs in late Asia
2012-03-22 04:14 GMT | USD/JPY still above 83.00
2012-03-22 02:30 GMT | China HSBC Manufacturing PMI declines to 48.1 in Mar
2012-03-22 00:03 GMT | Japan: Feb Merchandise Trade Balance surprisingly srtong at Y32.9B
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EURUSD : 1.32450 / 1.32459
DAILY WEEKLY MONTHLY
1.3343 | 1.3371 | 1.3325 | 1.3284
1.3177 | 1.3119 | 1.3048 | 1.3003
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD has been moving upwards since the middle of March and the bulls face a major hurdle at the 1.3284 level (resistance), a level that is significant both psychologically and technically. A break above 1.3284 (R1) would suggest a target at 1.3325 (R2) and further rise will then be limited at 1.3371 (R3). On the other hand if the price manages to stay below our first resistance level then we expect the price to retest 1.3177 (S1) and a break below that level the expected target is at 1.3119 (S2).
-----------------
GBPUSD : 1.58725 / 1.58738
DAILY WEEKLY MONTHLY
1.6048 | 1.5995 | 1.5968 | 1.5913
1.5816 | 1.5734 | 1.5654 | 1.5605
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD rise and find a strong resistance at 1.5913 (R1) and after that it trapped in a trading range between this level and 1.5816 (S1). A break in either direction will determine our trading bias for today. A break below 1.5816 (S1), the expected target is at 1.5734 (S2). On the other hand if the pair gain momentum to the upwards and breaks above 1.5913 (R1) would suggest target at 1.5968 (R2).
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USDJPY : 83.300 / 83.306
DAILY WEEKLY MONTHLY
85.72 | 85.21 | 84.67 | 84.18
83.00 | 82.58 | 81.94 | 81.51
SUMMARY : Neutral
TREND : Sideway
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY retested the 84.18 twice without succeeding to break above it with a result to trapped in a trading range between 84.18 (R1) and 83.00 (S1). A break below 83.00 (S1) would suggest target at 82.58 (S2) and further fall will then be limited at 81.94 (S3). On the other hand if the price rises from the current level we expect to retest first resistance for third time. Look for short positions at 83.00 level targeting support levels.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 23Mar2012
Daily Forex Market by FXCC 23Mar2012
EUR/USD little changed in Asia holds at 1.3200
EUR/USD is trading at 1.3200 as last, entering the final hours of the Asia-Pacific session slightly off from highs around 1.3211/13 and still limited below 0.5 retrace of yesterday's European morning sell off. The pair has seen little movement in current session with less than 20 pips range from bottom to top. Local share markets trade mostly in the big red, with US futures slightly above yesterday's highs pointing for a modest recovery in European equity markets.The pound took a massive hit on risk aversion on Thursday following the release of weaker-than-expected UK retail sales data, suggesting continued weakness from consumers.GBP/USD reached 1.5770 before bouncing higher, ending the NA session at 1.5819, down from 1.5871.
After a sharp drop to a 2-week low of 85.35 overnight, AUD/JPY has been relatively bid this Friday, climbing to a session high of 86.23 from 85.70 at the Asian open.AUD/USD holds a bid tone this Friday in early Asia following its drop to a two-month low of 1.0335 overnight, having fell alongside stocks and commodities. The bull pressure suggests that a correction is underway, and the pair has risen to levels above 1.0400.
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UPCOMING EVENTS
2012-03-23 09:30 GMT | United Kingdom BBA Mortgage Approvals (Feb)
2012-03-23 11:00 GMT | Canada Consumer Price Index (MoM) (Feb)
2012-03-23 11:00 GMT | Canada Bank of Canada Consumer Price Index Core
2012-03-23 11:00 GMT | Canada Consumer Price Index (YoY) (Feb)
FOREX NEWS
2012-03-23 04:54 GMT | EUR/USD little changed in Asia holds above 1.3200
2012-03-23 03:40 GMT | AUD/JPY climbs above 86.00
2012-03-23 00:28 GMT | AUD/USD back above 1.0400
2012-03-23 00:01 GMT | UK Nationwide Consumer Confidence falls to 44 in Feb
EURUSD : 1.31981 / 1.31990
DAILY WEEKLY MONTHLY
1.3371 | 1.3325 | 1.3284 | 1.3213
1.3177 | 1.3133 | 1.3048 | 1.3003
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD fell and formed a new bottom at 1.3133 (S2). After that the price rebounded and was able to break above yesterday’s resistance and it seems it will re-test a high soon. A break above the first resistance at 1.3213 (R1) would suggest a target of 1.3284 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.3325 (R3). On the other hand, if the price does not manage to break above 1.3213 (R1) we can expect the pair to retest support at 1.3177 (S1) and a break below that level would suggest target at 1.3133 (S2).
GBPUSD : 1.58144 / 1.58163
DAILY WEEKLY MONTHLY
1.6013 | 1.5968 | 1.5913 | 1.5831
1.5784 | 1.5734 | 1.5654 | 1.5605
SUMMARY : Down
TREND: Down trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a high at 1.5913(R2) as it continued its move upwards since middle of March. A break above 1.5831 (R1) would suggest March high at 1.5913 (R1) a level that has been retested twice but without managing to break above it. On the other hand a break below 1.5784 (S1) would suggest target at 1.5734 (S2) and further fall will then be limited at 1.5654 (S3).
USDJPY : 82.761 / 82.769
DAILY WEEKLY MONTHLY
84.57 | 84.18| 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.00
SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
USDJPY moved downwards and successfully penetrated our yesterday’s support forming a new low at 82.32 (S1) and after that rise and closed below of our first resistance. The pair is under bearish pressure since the price made a high at 84.15 (R3) and retested it twice without succeeding to break above it with a resulting reversal and downwards move. A break below the 82.32 (S1) level would suggest a target at 81.94 (S2) and a further fall will then focus on 81.51 (S3). We believe the pair will continue the downward move and will find a strong support at 81.00 (S4) a significant technical and psychological level.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 26Mar2012
Daily Forex Market by FXCC 26Mar2012
GBP/USD threatening to test bids below 1.5850
GBP/USD dropped from an earlier high of 1.5880 to a recent session low of 1.5850 ahead of the European opening, last quoted near the bottom of the range at 1.5855, recording a 0.9% loss so far this Monday.USD/JPY held firm on Monday in the Asia-Pacific, trading up to 82.76 from 82.40 past Friday, last at 82.68, up 0.4% on the day. Technically speaking, overall, the pair is retreating from recent multi-month highs in the 84.15 zone and may be looking to correct lower.UR/USD is currently breaking to fresh session lows last at 1.3259, lower from previous weekly close past Friday 10 pips above, with session highs at 1.3285
GBP/JPY is currently at 131.28, near session highs 10 pips above, and still below Friday's highs at 131.50. The cross is up +0.45% since last week's close, with Cable slightly lower from same close, and USD/JPY at session highs above 82.50.
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UPCOMING EVENTS
2012-03-26 08:00 GMT | Germany IFO - Business Climate (Mar)
2012-03-26 08:00 GMT | Germany IFO - Current Assessment (Mar)
2012-03-26 08:00 GMT | Germany IFO - Expectations (Mar)
2012-03-26 n/a | United Kingdom Nationwide Housing Prices n.s.a (YoY)
FOREX NEWS
2012-03-26 02:11 GMT | GBP/JPY near session highs above 131.20
2012-03-26 02:02 GMT | AUD/USD back below 1.0450
2012-03-26 00:46 GMT | GBP/USD capped below 1.5880 in Asia
2012-03-26 00:12 GMT | USD/JPY inching higher, hits 82.70
EURUSD : 1.32552 / 1.32558
DAILY WEEKLY MONTHLY
1.3441 | 1.3382 | 1.3325 | 1.3284
1.3220 | 1.3177 | 1.3133 | 1.3048
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD formed a high at 1.3284 (R1) profiting on all our targets recommended in yesterday’s analysis gaining a total of 71 pips!! After that the pair fell and it now seems that it is going to retest 1.3284 (R1) soon, a level that have been retest 3 times in the past (March). A break above that level will be suggesting target at 1.3325 (R2) and further rise will then be limited at 1.3382 (R3). On the other hand if price manage to break below 1.3220 (S1) we will then expect the price to retest 1.3177 (S2) and then further fall will then approach towards 1.3133(S3).
GBPUSD 1.58548 / 1.58562
DAILY WEEKLY MONTHLY
1.6054 | 1.6013 | 1.5968 | 1.5913
1.5817 | 1.5769 | 1.5728 | 1.5654
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD rise and retested for third time our resistance level at 1.5913 (R1) without succeeding to break above it ending our day with half portion of profits (41 pips). 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 1.5913 (R1) a strong technical and psychological level. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.5913 (R1) targeting 1.5968 (R2). A stop loss should be placed below 1.5860.
USDJPY : 82.654 / 82.660
DAILY WEEKLY MONTHLY
84.69 | 84.18 | 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.08
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
USDJPY fell sharply and formed a strong support level close to 81.94 (S2). Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 83.00 level. A break above that level we suggest further rise towards 83.44 (R2) and further rise will then focus on next target at 84.18 (R3). On the other hand if the price manages to stay below our first resistance level of 83.00 (R1) then we expect the price to retest 82.32 (S1) and a break below that level then the expected target is at 81.94 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 27Mar2012
Daily Forex Market by FXCC 27Mar2012
EUR/USD breaking below 1.3360 in late Asia
EUR/USD is currently at 1.3350 retreating from a double intraday high at 1.3366, right below 0.23 retrace of latest leg down 1.3485/1.3003, and Feb 27 lows. Just 10 pips now below its opening price in Asia-Pacific, the pair has been in a quiet range all session long, with highs around same price NY close.After a timid break out above 83.00, USDJPY handle reaching 2-day highs at 80.03 highest since past Thursday, minutes before Tokyo opening, the pair is back to previous opening prices, last at 82.84. The pair still trades above weekly opening prices by some +0.52%.
EUR/JPY is back trading near its starting price after threatening the 111.00 mark this Tuesday. Coming off a sharp overnight rally into the 110.60 price zone, the pair managed to reach a 4-day high of 110.91 earlier in the Asia-Pacific, but has since retreated and is now quoted just above session lows at 110.55, 5 pips below its starting price. Beyond the 111.00 psychological figure, resistance is noted at 111.41 (21 March high), while EUR/JPY may encounter support at 109.91 (27 Feb high).
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UPCOMING EVENTS
2012-03-27 07:30 GMT | Sweden Producer Price Index (MoM) (Feb)
2012-03-27 07:30 GMT | Sweden Trade Balance (MoM) (Feb)
2012-03-27 13:00 GMT | United StatesS&P/Case-Shiller Home Price Indices (YoY)
2012-03-27 14:00 GMT | United States Consumer Confidence (Mar)
FOREX NEWS
2012-03-27 04:34 GMT | EUR/USD breaking below 1.3350 in late Asia
2012-03-27 02:26 GMT | EUR/JPY struggling to take out 111.00
2012-03-27 00:41 GMT | AUD/JPY struggling below 87.50
2012-03-27 00:20 GMT | GBP/USD limited below 1.5970
EURUSD : 1.33518 / 1.33524
DAILY WEEKLY MONTHLY
1.3551 | 1.3487 | 1.3413 | 1.3368
1.3284 | 1.3220 | 1.3133 | 1.3048
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
EURUSD moved upwards in yesterday’s trading session and successfully penetrated our second resistance forming a new top at 1.3368 (R1) profiting a total of 41 pips!! The pair is under bullish pressure since the price made a low at 1.3000 levels, it formed a higher bottoms and higher tops, breaking with success above 1.3180 with a result of a trend reversal (intraday) - uptrend. A break above the 1.3375 level would suggest a target at 1.3413 (R2) and a further rise will then focus on 1.3487 (R3) a significant strong technical level. Look for long positions above 1.3368 targeting resistance levels (R1 and R2). A stop loss should be placed above 1.3284 (S1).
GBPUSD : 1.59617 / 1.59630
DAILY WEEKLY MONTHLY
1.6147 | 1.6091 | 1.6046 | 1.5973
1.5907 | 1.5817 | 1.5769 | 1.5728
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD rise from 1.5875 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just above of our recommended target ending our day with profits (+55 pips)!! The pair is in a crucial moment as a break above 1.5980 February high, it will determine our trading bias targeting 1.6046 (R2). Look for long positions above first resistance targeting 1.6046 (R2). A stop loss should be placed above 1.5907 (S1).
USDJPY : 82.831 / 82.839
DAILY WEEKLY MONTHLY
84.69 | 84.18 | 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.08
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY didn’t made any significant moves yesterday as it traded in a trading range between the 83.00 (R1) and 82.32 (S1) support level. We remain flat on USDJPY until we see in which direction it will move to develop a clear uptrend or a downtrend with more reliable support and resistance levels. No position.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 28Mar2012
Daily Forex Market by FXCC 28Mar2012
EURUSD is trading bellow 1.3400 level
After losing ground Tuesday on a strong dollar advance, EUR/USD is gently bid in early Asia, having inched up to a session high of 1.3335 from an earlier low of 1.3312, last quoted near the top of the range, 30 pips above its opening price.Cable is currently at 1.5955, inside a very limited range 1.5944/61 the pair has been within since session started from the lower part of it. Local share markets are in a risk-off mode bringing down Nikkei index by -1.15% among others, with oil and gold at session lows.
After a second attempt at critical resistance just shy of 111.50 on Tuesday, EUR/JPY pulled back to close modestly higher on the day at 110.74 from110.61. So far this Wednesday in Asia, the pair is trading a limited range between 110.52 and 110.86, last at 110.60. Support is noted at 110.12 (19 March high), while resistance is at 110.91 (intraday).
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UPCOMING EVENTS
2012-03-28 08:30 GMT | United Kingdom Current Account (Q4)
2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3)
2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3)
2012-03-28 08:30 GMT | United Kingdom Total Business Investment (YoY) (Q4)
FOREX NEWS
2012-03-28 04:09 GMT | Aussie at session lows vs. USD, JPY
2012-03-28 01:18 GMT | USD/JPY breaks below 83.00
2012-03-28 00:45 GMT | EUR/USD inching higher, reaches 1.3335
2012-03-28 00:14 GMT | AUD/USD dips below 1.0440
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EURUSD : 1.33316 / 1.33324
DAILY WEEKLY MONTHLY
1.3550 | 1.3493 | 1.3441 | 1.3382
1.3284 | 1.3220 | 1.3177 | 1.3133
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD didn’t made any significant moves yesterday as it moved in a consolidation mode between the 1.3284 (S1) and 1.3382 (R1) levels. The bulls face a major hurdle at the 1.3370 (R1) level, a significant both psychological and technical level. As we want to continue our winning streak on this pair our recommendations for today’s trading session is no position until we see a break above first resistance and continuation of the uptrend or a break below 1.3284 (S1) that it will trap the pair in a trading range. No position.
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GBPUSD : 1.59554 / 1.59563
DAILY WEEKLY MONTHLY
1.6149 | 1.6096 | 1.6057 | 1.6000
1.5907 | 1.5817 | 1.5769 | 1.5711
SUMMARY : Up
TREND: Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD formed a low below 1.5817 (S2) and after that the pair rebounded and rise moving closer to our resistance level at 1.6000 level (R1). After a successful run the pair fell and trapped again in a trading range between 1.5907 (S1) and 1.6000 (R1). A break above 1.6000 level could trigger further bullish pressure targeting 1.6057 (R2) while a break below 1.5907 (S1) could trigger further bearish pressure towards support levels. Look for long positions above 1.6000 level targeting resistance levels. A stop loss should be placed at 1.5950.
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USDJPY : 82.908 / 82.917
DAILY WEEKLY MONTHLY
84.59 | 84.08 | 83.81 | 83.39
82.64 | 82.31 | 81.97 | 81.31
SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY continued to rise from 81.97 (S3) and reached a high yesterday at 83.39 (R1). It seems the pair made a correction downwards and it will retest the first resistance soon. Look for long positions at current price, as the pair is moving upwards towards 84.00 level with a strong bullish momentum. A stop loss should be placed above 82.31 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 29Mar2012
Daily Forex Market by FXCC 29Mar2012
EUR/USD flat in Asia
EUR/USD is trading now at 1.3319 exactly same opening price started Asian session, in the middle of a 25 pip range 1.3307/1.3332. With not much change since late NY, there is a clear ask line at 1.3332 limiting the upside, while downside has been pretty much contained as well despite risk-off mode during the Asian trade, with local share markets overall in the red, Nikkei losing -0.67%. GBP/USD has so far traded up to a session high of 1.5907 in Asia, extending the overnight bounce from ascending trendline support at 1.5840 - taken from the 1.5700 and 1.5800 troughs - and is now hovering around the 1.5900 handle, up 15 pips on the day.
The combination of Yen shorts bailing themselves out of stale long positions coupled with an acceleration in Aussie bears continues to damage the AUD/JPY, which has seen the rate dive from 86.06 NY close all the way down to currently approach 85.63, yesterday's low. Current price stays at 85.76, day lows.
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https://support.fxcc.com/email/technical/29032012/
UPCOMING EVENTS
2012-03-29 07:55 GMT | Germany Unemployment Rate s.a. (Mar)
2012-03-29 08:30 GMT | United Kingdom Mortgage Approvals (Feb)
2012-03-29 09:00 GMT | European Monetary Union Economic Confidence (Mar)
2012-03-29 09:00 GMT | European Monetary Union Industrial Confidence (Mar)
FOREX NEWS
2012-03-29 04:31 GMT | GBP/USD hovers around 1.5900
2012-03-29 01:11 GMT | AUD/JPY long squeeze picks up, 85.63 low in sight
2012-03-29 00:58 GMT | AUD/USD drops, finds support at 1.0360
2012-03-29 00:01 GMT | New Zealand Business Confidence increase to 33.8 in Mar
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EURUSD : 1.33192 / 1.33199
DAILY WEEKLY MONTHLY
1.3550 | 1.3493 | 1.3441 | 1.3382
1.3276 | 1.3220 | 1.3177 | 1.3133
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD formed a high at 1.3382 (R1) retesting for second time the upper level without managing to break above it as a result the price to trap in a trading range between 1.3382 (R1) and 1.3276 (S1). Yesterday the price retested and bounced from the lower boundary and now it seems that is trading in the middle of the channel. As far as the price is moving between these levels we remain flat. Our recommendation for today’s trading session is no position as we do not have a clear trend direction.
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GBPUSD : 1.59134 / 1.59150
DAILY WEEKLY MONTHLY
1.6098 | 1.6051 | 1.6000 | 1.5940
1.5842 | 1.5805 | 1.5769 | 1.5703
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
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GBPUSD fell and formed a bottom at 1.5842 (S1) and now it seems that is heading towards 1.5940 (R1). A break above that level, would suggest target at 1.6000 (R2) a strong technical level for the bulls as a break above it will then focus on 1.6051 (R3). A stop loss should be placed at 1.5878.
USDJPY : 82.663 / 82.670
DAILY WEEKLY MONTHLY
84.57 | 84.09 | 83.55 | 82.97
82.54 | 81.97 | 81.41 | 80.91
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY formed a new low at 82.54 and it is moving downwards. A break below 82.54 (S1) would suggest target at 81.97 (S2) and further fall will then be limited at 81.41 (S3). Look for short positions in today’s trading session as both of our Moving Averages 10 - 20 turned bearish and the pair is under bearish pressure.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 30Mar2012
Daily Forex Market by FXCC 30Mar2012
EUR/USD above 1.3350 in late Asia
EUR/USD is currently at 1.3350 near Asian session highs at 1.3359, bouncing from as low as 100 pips below, where the NY session started. The pair resumed the rebound in Asia with almost no retrace in the middle, clearing out stop losses previously reported by ForexLive in the 1.3340 area, in what it seems a massive stops hunting action, rapidly sending price above yesterday's highs. USD also had a big sell off against yen taking USD/JPY to multi week lows.
AUD/USD has traded in range between 1.0365 and 1.0412 so far this Friday, last at 1.0390 from 1.0381 at the Asian opening. AUD is generally weak given speculation over a potentially dovish stance from the RBA’s decision on monetary policy next week, having slid to a 2-month low of 1.0303 versus the greenback overnight.GBP/JPY is currently at 131.16 slightly below Asian opening prices, in an overall pretty volatile session, specially coming from JPY and its final day in the fiscal year in Japan. The cross has reached session lows at 130.62, before recovering sharply matching again opening prices around 131.48 for then retreating again to current levels.
Read More
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UPCOMING EVENTS
2012-03-30 09:02 GMT | European Monetary Union Consumer Price Index (YoY)
2012-03-30 12:30 GMT | Canada Gross Domestic Product (MoM) (Jan)
2012-03-30 12:30 GMT | United States Personal Income (MoM) (Feb)
2012-03-30 12:30 GMT | United States Core Personal Consumption Expenditure - Price Index (MoM) (Feb)
FOREX NEWS
2012-03-30 05:02 GMT | Japan Construction Orders (YoY) -1.8% in Feb
2012-03-30 05:01 GMT | Japan Feb Housing Starts (YoY) 7.5%
2012-03-30 00:01 GMT | USD/JPY trades softer post Japanese CPI data
2012-03-30 00:01 GMT | Japan Feb Industrial Production (MoM) -1.2%
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EURUSD : 1.33477 / 1.33486
DAILY WEEKLY MONTHLY
1.3549 | 1.3489 | 1.3451 | 1.3381
1.3277 | 1.3220 | 1.3177 | 1.3133
SUMMARY :
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD fell from 1.3350 and formed a lower bottom at 1.3250 after which the price rebounded from that level and rise above yesterday’s support closing just above it. A break above the first resistance level of 1.3381 (R1) would suggest a target of 1.3451 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3489 (R3). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the pair to retest support at 1.3277 (S1) and a further fall will be limited to 1.3220 (S2).
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GBPUSD : 1.59801 / 1.59819
DAILY WEEKLY MONTHLY
1.6145 | 1.6098 | 1.6051 | 1.6000
1.5933 | 1.5842 | 1.5805 | 1.5769
SUMMARY :
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD rise from 1.5842(S2) and made a sharp move upwards breaking above our yesterday’s resistance levels and closing just below of our recommended target ending our day with profits. After the price formed a top at 1.6000 (R1) level, the price fell and now the price is moving upwards again to retest that level. A break above 1.6000 would suggest target at 1.6051 (R2) and further rise will then be limited at 1.6098 (R3).
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USDJPY : 82.005 / 82.013
DAILY WEEKLY MONTHLY
84.09 | 83.55 | 82.97 | 82.54
81.83 | 81.21 | 80.56 | 80.11
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
After the USDJPY retested 82.54 (R1) it could not break above that level and fell, penetrating successfully our support levels and forming a new low at 81.83 (S1) ending our day with a good profit!!. A break below that level would suggest a target at 81.21 (S2) and a further fall will then be limited at 80.56 (S3). On the other hand if the price manages to stay above 81.83 (S1) we expect the price to retest 82.54 (R1). If a break occurs above that level we suggest a target at 82.97 (R2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 02Apr2012
Daily Forex Market by FXCC 02Apr2012
EUR/USD still below 1.3350; PMI, employment data eyed
EUR/USD has been little changed after giving up the early upside advantage at the weekly opening, having started the day at 1.3360, then trading down to a session low of 1.3330 during the Asia-Pacific hours, last at 1.3340/45 versus 1.3335 late Friday.In the European session ahead, the Purchasing Manager Index Manufacturing data for March is due at 0758 GMT, expected to remain in contractionary territory. About two hours later, the February Unemployment Rate will be released, with surveyed economists anticipating an increase in the rate by 0.1% to 10.8%.
For the past two weeks EUR/JPY has been range bound between 108.45 and 111.45, last quoted near the top of the range at 110.95 this hour in Asia as it operates around the 111.00 figure, up from 110.40 late Friday.The Australian dollar has fallen to fresh session lows against the greenback this Monday in Asia after disappointing building approval numbers for February were released by the Australian Bureau of Statistics. AUD/USD slid sharply from pre-data 1.0415, to lows below the 1.0400 mark, last at 1.0395 versus 1.0365 late Friday, still up 0.4% on the day.
Read More
https://support.fxcc.com/email/technical/02042012/
UPCOMING EVENTS
2012-04-02 07:15 GMT | Switzerland Real Retail Sales (YoY) (Feb)
2012-04-02 07:53 GMT | GermanyPurchasing Manager Index Manufacturing (Mar)
2012-04-02 07:58 GMT | European Monetary Union Purchasing Manager Index Manufacturing (Mar)
2012-04-02 10:01 GMT | European Monetary Union Unemployment Rate (Feb)
FOREX NEWS
2012-04-02 04:01 GMT | GBP/USD at session lows below 1.6000
2012-04-02 02:57 GMT | EUR/JPY trading sideways around 111.00
2012-04-02 01:58 GMT | EUR/USD closes the opening gap
2012-04-02 01:30 GMT | Australia Feb Building Permits (MoM) -7.8%
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EURUSD : 1.33381 / 1.33388
DAILY WEEKLY MONTHLY
1.3548 | 1.3498 | 1.3451 | 1.3382
1.3308 | 1.3260 | 1.3220 | 1.3177
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD after a short consolidation, continue to rise from Friday’s support level of 1.3260(S2) and has reached a high at 1.3382 (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 1.3308 (S1) we can expect a further rise and retest towards our first resistance level at 1.3382 (R1). A break above that level would suggest target at 1.3451 (R2). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the price to move downwards and retest the first support level at 1.3308 (S1) and a deeper decline could be then supported at 1.3260 (S2).
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GBPUSD : 1.59924 / 1.59935
DAILY WEEKLY MONTHLY
1.6178 | 1.6129 | 1.6071 | 1.6036
1.5943 | 1.5882 | 1.5842 | 1.5805
SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD moved upwards and formed a lower high at 1.6030 and after that the price fell retesting Friday’s support level. A break below 1.5943 (S1) would suggest target at 1.5882 (S2) and further fall will then be limited at 1.5842 (S3). On the other hand if the pair find a strong momentum to the upwards we expect the price to retest 1.6036 (R1) a significant level for the bulls as a break above that level would suggest target at 1.6071 (R2).
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USDJPY : 83.040 / 83.044
DAILY WEEKLY MONTHLY
84.67 | 84.09 | 83.77 | 83.31
82.54 | 81.83 | 81.43 | 80.97
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY rebounded from 81.83 (S2) and made a sharp move upwards successfully penetrating our first resistance level and closed just below of our second level. It now seems the pair is doing a small correction before it continues its move upwards towards 83.77 (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 above 81.83 (S2)
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)