Update - Daily Technical Levels from FXCC - page 19
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Daily Forex Market by FXCC 02Mar2012
Daily Forex Market by FXCC 02Mar2012
EU: PLANS TO SLOW DEFICIT-CUTTING PLANS MAY STRETCH TILL JUNE
EUR/USD is currently trading at 1.3297 near recent session lows at 1.3294. With session highs at 1.3331, only 25 minutes after Tokyo opened at 00:00 GMT, the pair has been on the offer since then, losing some -0.27% on the way. On a weekly basis, the EUR/USD is lower by -1.25% since its opening on Monday.GBP/USD is under slight pressure ahead of the European open, having traded a narrow 1.5939-1.5964 margin during the Asia-Pacific session, last at 1.5942 from 1.5953 late Thursday in New York.
After 11th week with local share markets inching higher, NZD/USD is trading at 0.8383, same quotes reached early February, coming from mid Dec last year bouncing from 0.7466 price zone. EUR/AUD after Thursday’s decline to fresh weekly lows in the 1.2300 price zone, has been operating in consolidation mode between 1.2308 and 1.2343 so far in Friday’s Asia-Pacific session.
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URL: https://support.fxcc.com/email/technical/02032012
UPCOMING EVENTS
2012-03-02 00:00 GMT | European Monetary Union EU Economic Summit
2012-03-02 07:00 GMT | Germany Retail Sales (MoM) (Jan)
2012-03-02 09:30 GMT | United Kingdom PMI Construction (Feb)
2012-03-02 10:00 GMT | European Monetary Union Producer Price Index (YoY)
FOREX NEWS
2012-03-02 05:29 GMT | GBP/USD gently offered ahead of European open
2012-03-02 03:30 GMT | EUR/USD still bracketed; holds above 1.3300
2012-03-02 00:54 GMT | USD/JPY pops to 81.30
2012-03-02 00:01 GMT | New Zealand ANZ Commodity Price 0% in Feb
EURUSD : 1.33016 / 1.33023
DAILY WEEKLY MONTHLY
1.3486 | 1.3424 | 1.3366 | 1.3333
1.3280 | 1.3211 | 1.3139 | 1.3087
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
EURUSD fell below our first support and formed a bottom at 1.3280 (S1). After that the price rise and broke above the same level giving us only a small profit of pips. We expect the EURUSD to continue its move downwards and to complete the correction at the level of 1.3211 (S2). A proper confirmation for the short positions will be when the price manages to break below the first support level of 1.3280 (S1). A stop loss should be placed above 1.3333 (R1).
GBPUSD : 1.59415 / 1.59431
DAILY WEEKLY MONTHLY
1.6097 | 1.6068 | 1.6029 | 1.5991
1.5896 | 1.5811 | 1.5755 | 1.5680
SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
GBPUSD rise and moved closer to the first resistance level of 1.5991 (R1). A break above that level would suggest a target of 1.6029 (R2) and a further rise will then focus on the next target at 1.6068 (R3). On the downside, if the price does manage to stay below current resistance level 1.5991 (R1) we can expect retesting of 1.5896 (S1). A further decline will then bring focus to the next support level at 1.5811 (S2) a strong technical support level. We expect the price to retest first support level and then to move downwards targeting second support level at 1.5811 (S2). Look for short positions in today trading session with a stop loss below 1.5991 (R1).
USDJPY : 81.471 / 81.477
DAILY WEEKLY MONTHLY
83.40 | 82.79 | 82.22 | 81.66
80.78 | 80.00 | 79.35 | 78.93
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
USDJPY broke above our first support of 80.78 (S1) and is approaching towards 81.66 (R1) a strong technical level for the bulls. A break above that level we suggest target of 82.22 (R2). Both of our Moving Averages are pointed bullish and we expect the price to continue its upwards move targeting our support levels. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 81.66 (S1). A stop loss should be placed below 81.15.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 05Mar2012
Daily Forex Market by FXCC 05Mar2012
Sterling near 2-weak high vs euro, but drops on dollar
EUR/USD opened marginally lower at 1.3191 at the weekly open, but managed to climb to 1.3213 after bouncing off support ahead of 1.3180 during the Asian session. The pair has since been bracketed between the mentioned range and now holds around 1.3190. AUD/USD has broken below intraday support at 1.0715 from an earlier high of 1.0741 following PMI data out of China, enabling the pair to slide to a fresh 5-day low in the 1.0700 area before stalling, last at 1.0704, recording a 0.23% loss on the day. The GBP/USD opened the week practically unchanged from its closing price at the end of trading last week, having operated between 1.5829 and 1.5843 so far in Asia, last quoted near the session high.
AUD/CAD is holding around last week's lows, last at 1.0613, with session lows at 1.0591 and highs at 1.0641. The cross is lower by -0.61% from previous weekly open, and still above Feb lows, since Jan 25. AUD/JPY is currently at 87.52, dealing with session lows set at 87.44 for the moment, below last Friday's lows. Losing some -0.31% for the session, the cross still holds above Feb 27/March 01 highs.
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URL: https://support.fxcc.com/email/technical/05032012
UPCOMING EVENTS
2012-03-05 09:00 GMT | Germany Purchasing Manager Index Services (Feb)
2012-03-05 09:00 GMT | EU - Purchasing Manager Index Services (Feb)
2012-03-05 09:30 GMT | United Kingdom Purchasing Manager Index Services (Feb)
2012-03-05 10:00 GMT | EU - Retail Sales (YoY) (Jan)
FOREX NEWS
2012-03-05 02:42 GMT | China: HSBC Services PMI signals renewed growth at 53.9
2012-03-05 00:33 GMT | Australia ANZ Job Advertisements 3.3% in Feb
2012-03-05 00:31 GMT | Australia Company Gross Operating Profits -6.5% in 4Q
2012-03-05 00:30 GMT | GBP/USD unchanged in Asia; support at 1.5800
EURUSD : 1.32055 / 1.32066
DAILY WEEKLY MONTHLY
1.3486 | 1.3424 | 1.3366 | 1.3280
1.3150 | 1.3108 | 1.3027 | 1.2969
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD formed a low at 1.3182 profiting on all our targets recommended in Friday’s analysis gaining a total of 69 pips!! A break below that level will be suggesting target at 1.3150 (S2) a technical level as we are still in a correction phase of our uptrend (daily). On the other hand if price manage to stay above 1.3182 we will then expect the price to retest 1.3280 (R1) and then further rise will then approach towards 1.3366 (R2). Our recommendation for today trading session is no position. I believe the pair it will continue its downward move and it will find a strong support at 1.3150 (S1). A level that it is very significant as it will determine if we are still in an uptrend (daily) or if we are heading to a trend reversal.
GBPUSD : 1.58247 / 1.58258
DAILY WEEKLY MONTHLY
1.6068 | 1.6029 | 1.5991 | 1.5896
1.5755 | 1.5680 | 1.5633 | 1.5587
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD fell from 1.5991 and broke below first and second resistance in our Friday’s recommended target gaining a total of 85 pips!!! After forming a top at 1.5991 (R2), price fell and made a support at 1.5808. A break below that level will suggest target at 1.5755(S1) and further fall will then be limited at 1.5680 (S2). On the other hand if price manage to stay above current level, we expect the price to retest 1.5896 (R1) and a break above that level we suggest target at 1.5991 (R2) a strong resistance level for the bears .
USDJPY : 81.270 / 81.278
DAILY WEEKLY MONTHLY
83.40 | 82.79 | 82.22 | 81.87
81.00 | 80.40 | 80.00 | 79.35
SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
The USDJPY rise on Friday and closed above Friday’s resistance giving us a small profit of 20 pips. After that the price fell sharply and formed a bottom around 81.15. We expect the price to continue its upward move as it is under bullish pressure (daily), but before that we can expect for a retest and correction downwards towards 81.00 (S1) and then to continue upwards. Look for long positions at 81.00 (S1) with a stop loss at 80.40 (S2) targeting 81.87 (R1) a strong technical level for the bulls.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 07Mar2012
Daily Forex Market by FXCC 07Mar2012
AUD/USD off 5-week lows above 1.0520
EUR/USD is currently at 1.3137 retreating from session highs at 1.3150. Up +0.16% for the session, bounces from fresh 2-week lows at 1.3103 late NY, accelerating to the upside moments after worse than expected Australian 4Q GDP came out at 00:30 GMT. GBP/USD is trading a tight 40-pip range between 1.5698 and 1.5738 so far this Wednesday following a sharp overnight drop to current levels on the back of broad-based USD strength.
EUR/JPY has so far traded a tight 105.69- 106.40 range this Wednesday following a sustained break of the 107.00 handle overnight, sliding 1.6% to 106.05.Along with the dollar, the Japanese yen was the benefactor of a significant flight to safety on global growth and Greek PSI concerns, as investors sought refuge in safe-haven assets. Aussie is back above previous daily lows now around 1.0540, after falling to fresh 5-week lows at 1.0509. With much worse than expected Australian 4Q GDP rising half of expected +0.8%, AUD/USD dropped from session highs around 1.0570, to mentioned lows in a blink of an eye.
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URL: https://support.fxcc.com/email/technical/07032012
UPCOMING EVENTS
2012-03-07 00:30 GMT | Australia Gross Domestic Product (YoY) (Q4)
2012-03-07 06:45 GMT | Switzerland Unemployment Rate n.s.a (MoM) (Feb)
2012-03-07 11:00 GMT | Germany Factory Orders s.a. (MoM) (Jan)
2012-03-07 11:00 GMT | Germany Factory Orders n.s.a. (YoY) (Jan)
FOREX NEWS
2012-03-07 05:08 GMT | Japan Leading Economic Index 94.9 in Jan
2012-03-07 00:32 GMT | Australia 4Q Gross Domestic Product (YoY) 2.3%
2012-03-07 00:31 GMT | Australia 4Q Gross Domestic Product (QoQ) 0.4%
2012-03-07 00:01 GMT | United Kingdom: BRC Shop Price Index (MoM) (Feb): 1.2%
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EURUSD : 1.31382 / 1.31391
DAILY WEEKLY MONTHLY
1.3424 | 1.3362 | 1.3280 | 1.3240
1.3103 | 1.3053 | 1.3023 | 1.2985
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD moved downwards and successfully penetrated our second support forming a new low at 1.3103 (S1) profiting on our target recommended in yesterday’s analysis gaining a total of 51 pips!! The pair is under bearish pressure since the price made a high at 1.3480 and retested it twice without succeeding to break above it with a resulting reversal and downwards move. A break below the 1.3103 (S1) level would suggest a target at 1.3053 (S2) and a further fall will then focus on 1.3023 (S3). We believe the pair will continue the downward move and will find a strong support at 1.2985 (S4) a significant technical and psychological level.
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GBPUSD : 1.57272 / 1.57283
DAILY WEEKLY MONTHLY
1.5992 | 1.5962 | 1.5896 | 1.5782
1.5695 | 1.5633 | 1.5580 | 1.5537
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a sharp move downwards and confirmed our recommendations for short positions below 1.5782 successfully hitting the second support level ending the day with 52 pips profit!!! We expect the price to continue its downward move as it is under bearish pressure at the moment (both of our MA 10 - 20 are bearish). Watch for a further correction upwards towards first resistance. So, our recommendation for today’s trading session is look for short positions close to our first resistance 1.5782 (R1) targeting 1.5633 (S2) with a stop loss below 1.5896 (R2).
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USDJPY : 80.743 / 80.751
DAILY WEEKLY MONTHLY
82.79 | 82.30 | 81.87 | 81.14
80.58 | 80.24 | 79.85 | 79.43
SUMMARY : Neutral
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY fell on yesterday’s trading session and found a strong support below yesterday’s first recommended target giving us a small profit of 36 pips! After that that price rose and is now moving above 80.58 (S1). If the USDJPY made a top (daily chart) at 81.72 (R2), we should expect further correction downwards (Fibonacci levels) but if the price completes its correction to the current level then it should continue its upwards move. Our recommendation for today’s trading session is no position as we are in a crucial point of the market and it is very important to see a break above 81.14 or below 80.58 to determine the current trend of the market.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 06Mar2012
Daily Forex Market by FXCC 06Mar2012
EUR/USD drops below 1.3200 after RBA
The EUR/USD is back under pressure again on broad USD strength following the Reserve Bank of Australia’s decision to leave rates on hold at 4.25% and accompanying Statement on Monetary Policy.The paring has posted a fresh session low at 1.3187 from an earlier high of 1.3225 and now trades at 1.3192, recording a 0.20% loss so far in Asia-Pacific trading. GBP/USD operated within a tight 1.5845/80 range during the Asian session, now quoted near the session low at the 1.5850 price zone, down around 10 pips from its starting price this Tuesday. USD/JPY is under gently pressure in Asia, with the pair now quoted near its session low at 81.43 from 81.54 at the close of the American session.
The Australian dollar has been placed under significant selling pressure this Tuesday, after the Reserve Bank of Australia (RBA) decided to keep its monetary policy unchanged at 4.25 percent and after traders digested the accompanying statement, which was markedly dovish. AUD/JPY has pulled back sharply from a session high of 87.11 to a low of 86.60
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https://support.fxcc.com/email/technical/06032012
UPCOMING EVENTS
2012-03-06 01:30 GMT | Japan Labor Cash Earnings (YoY) (Jan)
2012-03-06 03:30 GMT | Australia RBA Interest Rate Decision (Mar 6)
2012-03-06 10:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q4)
2012-03-06 10:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q4)
FOREX NEWS
2012-03-06 03:30 GMT | Australia - RBA Interest Rate Decision remains at 4.25%
2012-03-06 01:31 GMT | Japan Labor Cash Earnings (YoY) 0% in Jan
2012-03-06 00:31 GMT | Australia 4Q Current Account Balance -8.37B
2012-03-06 00:01 GMT | UK - BRC Retail Sales Monitor - All (YoY) steadies at -0.3%
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EURUSD : 1.32038 / 1.32045
DAILY WEEKLY MONTHLY
1.3424 | 1.3362 | 1.3280 | 1.3240
1.3159 | 1.3108 | 1.3027 | 1.2969
SUMMARY : Down
TREND : Down trend
MA10 :: Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD fell and formed a bottom at 1.3159 and then rose as mentioned in yesterday’s analysis. It seems that the price will retest our first support soon at 1.3159 (S1). A break below that level would suggest a target of 1.3108 (S2) and possibilities of a trend reversal in the daily chart. On the other hand if the price manages to stay above 1.3159 (S1) we can expect the price to retest 1.3240 (R1) yesterday’s high. A break above that level will concentrate our focus on 1.3280 (R2) a technical and psychological level as it will indicate a continuation of the uptrend (daily).
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GBPUSD : 1.58578 / 1.58589
DAILY WEEKLY MONTHLY
1.6068 | 1.6029 | 1.5991 | 1.5896
1.5782 | 1.5731 | 1.5680 | 1.5633
SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
After the pair formed a top at 1.5991 (R2) a yearly high, the GBPUSD fell and was able to break below yesterday’s support forming a new one at 1.5782 (S1). A break below the 1.5782 level would suggest a target of 1.5731 (S2). On the other hand if the price finds a strong momentum and breaks above our first resistance at 1.5896 (R1), we can expect the pair to retest 1.5991 (R2).
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USDJPY : 81.330 / 81.338
DAILY WEEKLY MONTHLY
83.40 | 82.79 | 82.22 | 81.87
81.14 | 80.78 | 80.24 | 79.85
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY rebounded from 81.87 (R1) a yearly high and then fell, forming a bottom at 81.14 (S1). A break below the first support level 81.14 (S1) would suggest a target of 80.78 (S2) and a further fall will be limited to 80.24 (S3). On the other hand, if the price holds its momentum on the upside we can expect a rise and retest towards 81.87 (R1) a strong technical resistance level – year high. A further rise will then bring focus to the next resistance level at 82.22 (R2).
Source: FX Central Clearing Ltd, (http://www.fxcc.com)
Daily Forex Market by FXCC 08Mar2012
Daily Forex Market by FXCC 08Mar2012
The ECB is expected to leave the interest rate unchanged at 1.0%
EUR/USD is currently dealing with session highs last at 1.3178, capped below descending trend line coming from 1.3485 double top Feb 29, and also below past Friday's lows and weekly close. Local share markets have been on the bounce today after three consecutive days falling, with US futures pointing higher and Nikkei index up by +1.51% above the 9700 points mark. GBP/USD opened the day at 1.5738 and spent the Asia-Pacific session trading in a 1.5722/45 range before breaking to a session high of 1.5755 as Asian stocks were lifted on a rumor that the PBoC may cut the RRR by 50bps today. USD/JPY has extended the bounce from its weekly low at 80.57 to 81.35 so far in the Asia-Pacific, last at 81.23 from 81.07 at the end of trade late Wednesday.
AUD/USD has just shot up to a session high of 1.0605 mid-day in Asia-Pacific trading, having rallied from an earlier post- Aussie unemployment rate session low of 1.0530 to 1.0606 on rumors the PBOC might cut the RRR 50 BPS later today. The EUR/JPY cross is currently retracing losses made earlier in the week and is pushing up against psychological resistance at the 107.00 mark after briefly peaking at 107.04.
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UPCOMING EVENTS
2012-03-08 08:15 GMT | Switzerland Consumer Price Index (MoM) (Feb)
2012-03-08 12:00 GMT | United Kingdom BoE Interest Rate Decision (Mar 8)
2012-03-08 12:00 GMT | United Kingdom BoE Asset Purchase Facility (Mar)
2012-03-08 12:30 GMT | European Monetary Union ECB Interest Rate Decision
FOREX NEWS
2012-03-08 05:06 GMT | Japan Feb Eco Watchers Survey: Outlook up to 50.1
2012-03-08 04:25 GMT | EUR/JPY testing offers above 107.00
2012-03-08 00:31 GMT | Australia Unemployment Rate s.a. 5.2% in Feb
2012-03-08 00:05 GMT | Japan: Q4 GDP at an unsurprising -0.2%; record Jan current account deficit
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EURUSD : 1.31771 / 1.31781
DAILY WEEKLY MONTHLY
1.3424 | 1.3362 | 1.3280 | 1.3240
1.3096 | 1.3053 | 1.3023 | 1.2985
SUMMARY : Neutral
TREND : Neutral
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD fell and found a strong support at 1.3096 (S1) a significant technical and psychological level. As we can see on the chart the pair is at a crucial point, as a break below 1.3096 (S1) will confirm a new trend – downtrend. On the other hand if the price manages to break above 1.3240 (R1) it will move above the uptrend trend line and it will indicate a continuation of the uptrend. As we are at a crucial point that it establish if we are in a turning point or if we are still in an uptrend, our recommendations for today’s trading session is no position until one of the above scenarios take place.
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GBPUSD : 1.57674 / 1.57683
DAILY WEEKLY MONTHLY
1.5991 | 1.5943 | 1.5895 | 1.5847
1.5695 | 1.5633 | 1.5580 | 1.5537
SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD rally continued to push lower as yesterday the price retested 1.5695 (S1) level twice and failed to break lower as a result of an upwards move just below yesterday’s resistance. A break below 1.5695 (S1) will confirm our short positions targeting 1.5633 (S2) a level that has been retested a couple of times in the last two months but without succeeding to break below it, turning this into a strong technical level. On the other hand, if the pair retests and breaks above the first resistance level of 1.5782 (R1), we would expect the price to retest 1.5847 (R2) and a further rise will be limited at 1.5895 (R3).
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USDJPY : 81.312 / 81.320
DAILY WEEKLY MONTHLY
83.14 | 82.79 | 82.30 | 81.87
80.96 | 80.58 | 80.24 | 79.85
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY fell and formed a strong support at 80.58 (S1). After that the price made 3 attempts to break below it but without any success. Following that the price rose and successfully broke above yesterday resistance 81.14 and now it seems that is heading towards 81.87 (R1) a year high, for a retest. Both of our Moving Averages 10 and 20 turned bullish and as we can see the pair is gaining strong upwards momentum. Look for long positions at the current price targeting 81.87 (R1). A stop loss should be placed between 80.96 (S1) and 80.58 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 09Mar2012
Daily Forex Market by FXCC 09Mar2012
EUR/USD sells-off as Greece completes debt swap with 85.8% participation
USD/JPY has jumped higher in Asia as weaker-than-expected Chinese CPI data looks to have stimulated investors’ risk appetites. The pair has moved up to as high as 81.88 from 81.54 late Thursday as it tests the 81.87 double top seen Monday and last Friday.The Euro fell this morning as the Greek govt announced it had completed a debt swap with participation at 85.8% vs expectations running as high as 90/95%, although the number stays very much in line with the first initial pre-announcement by Greek offcials at the NY close. €172 tendered vs €206 eligible with Greek officials saying they will enact CACs, as they will amend terms of Greek law bonds for all holders. Grecia has also said participation will be 95.7% (€197m) after CAC triggered. Finally, Greece says 69% of non-Greek bondholders participated.
After the push down to 84.80 at the start of the week, AUD/JPY has bounced nicely from the mentioned support zone and the recovery has extended to as high as 87.12 so far in the Asia-Pacific. AUD/USD is having a minor pull-back from 1.0640 to 1.0634 after the China's consumer price index (CPI), a main gauge of inflation, came in lower-than-expected at 3.2% vs 3.5%, down from January's 4.5% increase.
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UPCOMING EVENTS
2012-03-09 09:30 GMT | United Kingdom Manufacturing Production (YoY) (Jan)
2012-03-09 09:30 GMT | United Kingdom Producer Price Index - Input (YoY)
2012-03-09 12:00 GMT | Canada Unemployment Rate (Feb)
2012-03-09 12:00 GMT | Canada Net Change in Employment (Feb)
FOREX NEWS
2012-03-09 05:34 GMT | China Retail Sales (YoY) falls to 14.7% in Feb from 18.1%
2012-03-09 01:37 GMT | China: CPI weaker than expected at 3.2% in Feb
2012-03-09 01:33 GMT | China Feb Consumer Price Index (YoY) 3.2%
2012-03-09 00:39 GMT | Australia Jan Trade Balance -0.673B
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EURUSD : 1.32410 / 1.32418
DAILY WEEKLY MONTHLY
1.3485 | 1.3424 | 1.3362 | 1.3291
1.3159 | 1.3096 | 1.3053 | 1.2985
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
In yesterday’s analysis we said we were expecting the EURUSD either to break above the uptrend trend line (daily), confirm that the pair is still in an uptrend or to break below 1.3100 and to establish a new trend – down trend. As we can see on the chart the bullish scenario took place and the price broke above the uptrend trend line determining that the uptrend is still in effect. The EURUSD rose and moved below our first resistance this morning at 1.3291 (R1) and now it seems that it is close to retesting the uptrend trend line again just above our first support. Look for long positions above the first support level targeting 1.3291 (R1) and further rise will then be limited at 1.3362 (R2).
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GBPUSD : 1.58039 / 1.58051
DAILY WEEKLY MONTHLY
1.5991 | 1.5943 | 1.5882 | 1.5847
1.5778 | 1.5695 | 1.5633 | 1.5580
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a sharp move upwards and successfully broke above yesterday’s resistance level continuing our winning streak by giving as a good profit (+49 pips). As long as it is above our second support level 1.5695 (S2), we can look for long positions close to our first support at 1.5778 (S1). A stop loss should be placed at 1.5695 (S2) but the most conservative and tactical traders can hold and wait for the break above 1.5847 (R2) to open their long positions targeting 1.5882 (R2).
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USDJPY : 81.684 / 81.694
DAILY WEEKLY MONTHLY
83.14 | 82.79 | 82.30 | 81.88
81.31 | 80.94 | 80.58 | 80.24
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY gained momentum and formed higher bottoms successfully penetrating yesterday's target ending our day with 53 pips of profit!! After that the price found a strong resistance at 81.88 (R1), a yearly high. We expect the price to move upwards but only a break above 81.88 (R1) will give as a confirmation for long positions targeting 82.79 (R3). A stop loss should be placed at 81.31 (S1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 12Mar2012
Daily Forex Market by FXCC 12Mar2012
EUR/USD at 3-week lows in late Asia
EUR/USD is currently at 1.3100 level,right after Japanese confidence data has come out bit worse than expected, pushing USD higher across the board, along with yen, and sending equities lower. The day ahead includes EU Finance Ministers meeting, Germany Wholesale Price Index (Feb) month on month, and year on year, Italy GDP (Q4 final) at 09:00, Greek industrial production at 10.00 and Portugal Trade Balance at 11:00 GMT. GBP/USD traded sideways above the 1.5650 level for the whole of the Asia-Pacific session, having dipped to as low as 1.5656 from its opening price and session high of 1.5674, last at 1.5660. USD/JPY has begun to retreat from recent 11-month highs during the Asian session Monday, having dipped to as low as 82.10 from an earlier session high of 82.51 as the yen jumped slightly against the greenback on risk-off trading, ignoring further easing rumors by the BoJ in tomorrow's policiy meeting.
The aussie dollar is trading below the 1.0600 mark on Monday after China, main destination of Australian exports, has registered a deficit of CYN 31.5bn in the trade balance, below the CYN -4.9 bn expected and down from CYN 27.3 surplus in the previous print. USD/CHF is breaking higher above the 0.9200 level on broad greenback strength following Friday's positive jobs report in the US, peaking at 0.9213 so far in Asia as it extends its rebound from last week's 0.9069 low.
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UPCOMING EVENTS
2012-03-12 09:00 GMT | Italy Gross Domestic Product (YoY) (Q4)
2012-03-12 10:00 GMT | Greece Industrial Production (YoY) (Jan)
2012-03-12 11:00 GMT | Portugal Global Trade Balance (Nov)
2012-03-12 N/A GMT | European Monetary Union EU Finance Ministers meeting
FOREX NEWS
2012-03-12 07:31 GMT | Asian markets fall on Greek default
2012-03-12 07:01 GMT | Germany: Wholesale Price Index (MoM) increases 1% in Feb; (YoY) up 2.6%
2012-03-12 05:01 GMT | Japan Consumer Confidence Index decreases to 39.5
2012-03-12 01:13 GMT | EUR/USD dips below 1.3100
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EURUSD : 1.31143 / 1.31151
DAILY WEEKLY MONTHLY
1.3485 | 1.3362 | 1.3291 | 1.3159
1.3078 | 1.3026 | 1.2974 | 1.2928
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD made a sharp move downwards from 1.3291 (R2) on Friday’s trading session forming a new low just below our support level at 1.3078 (S1). Now the price has found a strong support at 1.3078 (S1) 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. A break below that level would suggest a target of 1.3026 (S2). If price holds its momentum on the downside we can expect a further decline towards 1.2974 (S3). On the other hand, if the price does not manage to break below 1.3078 (S1) we can expect the pair to retest resistance at 1.3159 (S1) and a further rise will be limited to 1.3291 (R2).
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GBPUSD : 1.56807 / 1.56817
DAILY WEEKLY MONTHLY
1.5882 | 1.5834 | 1.5778 | 1.5724
1.5655 | 1.5578 | 1.5531 | 1.5491
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD fell on Friday and was supported at 1.5655 (S1) a strong technical level .The price then rose and was able to break above Friday’s support and now it seems that the price is gaining momentum to the upside. A break above 1.5724 (R1) would suggest a target at 1.5778 (R2) and further rise will be limited to 1.5834 (R3). On the other hand a break below 1.5655 (S1) would suggest target at 1.5587 (S2).
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USDJPY : 82.220 / 82.229
DAILY WEEKLY MONTHLY
83.97 | 83.69 | 83.25 | 82.63
81.90 | 81.31 | 80.94 | 80.58
SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY moved upwards and formed a new high at 82.63 and after that the price fell retesting Friday’s support level. A break below 81.90 (S1) we expect the price to retest 81.31 (S2) and further fall will then be limited at 80.94 (S3). On the other hand if the pair finds a strong momentum to the upwards we expect the price to retest 82.63 (R1) a significant level for the bulls as a break above that level will then focus on 83.25 (R2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 13Mar2012
Daily Forex Market by FXCC 13Mar2012
EUR/USD lower on BoJ, finds ground at 1.3150
EUR/USD is having a hit after BoJ announced its latest policy decision leaving rates on hold, and not implementing any new easing measures, which it seems has upset the market, sending equities lower and USD and yen higher. EUR/USD trades at 1.3159 as last after hitting fresh session lows at 1.3148, falling from highs at 1.3192.GBP/USD broke below 1.5650 support overnight, a level which had been tested on various occasions over the last few weeks. The pair managed to slide to a fresh 2-month low of 1.5601 before bounce to end the American session at 1.5640, down from 1.5673 late Friday.
AUD/USD is at a session high of 1.0555 versus an earlier low of 1.0504, quoted around 0.4% above its starting price this Tuesday.EUR/JPY is currently at session lows 108.29, falling from recent session and weekly highs at 108.52, touched twice during present session. Nikkei index trades to the upside regaining the 10000 points mark rising +1.18% for the day ahead of BoJ policy meeting later on, and following poor industrial data released earlier.
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UPCOMING EVENTS
2012-03-13 07:45 GMT | France Current Account (Jan)
2012-03-13 09:30 GMT | United Kingdom Trade Balance; non-EU (Jan)
2012-03-13 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Mar)
2012-03-13 10:00 GMT | Germany ZEW Survey - Economic Sentiment (Mar)
FOREX NEWS
2012-03-13 05:47 GMT | EUR/USD lower on BoJ, finds ground at 1.3150
2012-03-13 05:09 GMT | Japan BoJ Interest Rate Decision steadies at 0.1%
2012-03-13 00:35 GMT | Australia National Australia Bank's Business Conditions up to 3 in Feb
2012-03-13 00:33 GMT | Australia Jan Home Loans -1.2%
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EURUSD : 1.31672 / 1.31680
DAILY WEEKLY MONTHLY
1.3424 | 1.3362 | 1.3291 | 1.3192
1.3078 | 1.3025 | 1.2978 | 1.2951
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD rise and formed a top at 1.3192 (R1). A break above that level would suggest target at 1.3291 (R2). On the other hand if the price does not manage to break above 1.3192 (R1) then we can expect a retest of the support level at 1.3078 (S1). A break below that level would suggest target at 1.3025 (S2).
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GBPUSD : 1.56494 / 1.56510
DAILY WEEKLY MONTHLY
1.5882 | 1.5834 | 1.5769 | 1.5695
1.5601 | 1.5562 | 1.5513 | 1.5467
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD after forming a top (intraday) at 1.5695 (R1), fell in yesterday’s trading session forming a new low at 1.5601 (S1). A break below that level would suggest target at 1.5562 (S2) and further fall will be limited at 1.5513 (S3). On the other hand a break above 1.5695 (R1) we expect the price to retest 1.5769 (R2) and further rise will then be limited at 1.5834 (R3) leg correction to the downtrend.
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USDJPY : 82.162 / 82.171
DAILY WEEKLY MONTHLY
83.61 | 83.28 | 82.97 | 82.63
81.95 | 81.46 | 81.14 | 80.58
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY found a strong resistance at 82.63 (R1) and trapped in a trading range between the level of 82.63 (R1) and today’s low 81.95 (S1). A break above the first resistance would suggest a target of 82.97 (R2). If price holds its momentum on the upside we can expect a further rise towards 83.28 (R3). On the other hand, if the price does not manage to break above 82.63 (R1) we can expect the pair to retest first support at 81.95 (S1). A break below that level would suggest target at 81.46 (S2) and further decline will then be limited at 81.14 (S3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 16Mar2012
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Daily Forex Market by FXCC 19Mar2012
Daily Forex Market by FXCC 19Mar2012
EUR/USD in tight range above 1.3000 level during Asia
EUR/USD keeps trading in late Asia-Pacific quite limited at 1.3169 between highs at 1.3186 and lows at 1.3162 for all session being so far in the start of the week. GBP/USD is holding onto Friday's firm gains as trading gets underway this Monday, last at 1.5840 versus 1.5830 at the end of trading in NY, having traded a tight 1.5828/50 range so far today. After reaching an 11-month high of 84.17 last week, USD/JPY has pulled back and now trades, at 83.50 in Asia, up from 83.37 at the end of trading late Friday. To the downside, support levels lie at 83.40, 83.10 and 82.80, while, to the upside, resistance levels lie at 83.80, 84.15 and 84.50.
AUD/USD climbed to a 6-day high of 1.0614 Monday in the Asia-Pacific, last quoted around the 1.0600 mark from 1.0580 as it drifts sideways as RBA Governor Stevens' speaks at the Asian investment conference.The New Zealand dollar touched a 7-day high against the greenback on Monday, jumping to 0.8274 from 0.8234 late in the New York session on Friday. Last at 0.8256, resistance is noted at 0.8320 (27 Feb low), while support lies at 0.8192 (22 June high).
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UPCOMING EVENTS
2012-03-19 09:00 GMT | European Monetary Union Current Account s.a (Jan)
2012-03-19 09:00 GMT | European Monetary Union Current Account n.s.a (Jan)
2012-03-19 09:00 GMT | Italy Industiral Orders n.s.a (YoY) (Jan)
2012-03-19 10:00 GMT | European Monetary UnionConstruction Output s.a (Jan)
FOREX NEWS
2012-03-19 05:26 GMT | EUR/USD in tight range during Asia
2012-03-19 05:11 GMT | AUD/USD hovers around 1.0600 as Stevens speaks
2012-03-19 00:31 GMT | GBP/USD consolidating below 1.5850
2012-03-19 00:01 GMT | USD/JPY dowside limited while above 83.10
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EURUSD : 1.31686 / 1.31694
DAILY WEEKLY MONTHLY
1.3378 | 1.3324 | 1.3273 | 1.3189
1.3119 | 1.3048 | 1.3003 | 1.2954
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
After the EURUSD formed a bottom 1.3003 (S3) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3189 (R1). If it breaks above that level we can expect a target at 1.3273 (R2). On the other hand if a break occurs below the first support at 1.3119 (S1) expect the price to retest 1.3048 (S2) and any further fall will then be limited to 1.3003 (S3) a strong technical and psychological level for the bulls as it has been retested in the past (Feb. 2012) without succeeding to break below it.
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GBPUSD : 1.58431 / 1.58447
DAILY WEEKLY MONTHLY
1.5997 | 1.5967 | 1.5912 | 1.5861
1.5787 | 1.5734 | 1.5654 | 1.5605
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD gained momentum and rose forming a new top at 1.5861 and after then fell and since last night is moving in a consolidation mode. If a break occurs above the first resistance level at 1.5861 (R1) it would suggest a target at 1.5912 (R2) and any further rise will then be limited to 1.5967 (R3). If it fails to break above the first resistance level we expect the price to retest 1.5787 (S1). A break below that level would suggest a target at 1.5734 (S2) and any further fall with then focus on 1.5654 (S3).
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USDJPY : 83.369 / 83.379
DAILY WEEKLY MONTHLY
84.92 | 84.57 | 84.18 | 83.81
83.17 | 82.58 | 81.94 | 81.14
SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY has been moving upwards since the beginning of March and the bulls face a major hurdle at the 84.18 level (resistance), a level that is significant both psychologically and technically. A break above 83.81 (R1) would suggest a target at 84.18 (R2) a year high. On the other hand a break below 83.17 and we expect the price to retest 82.58 (S2) and any further fall with then be limited to 81.96 (S3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)