Update - Daily Technical Levels from FXCC - page 21
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Daily Forex Market by FXCC 03Apr2012
Daily Forex Market by FXCC 03Apr2012
EUR/USD capped below 1.3350 in Asia
EUR/USD is retreating at 1.3340 from session highs at 1.3355 ahead of Australia's RBA cash rate statement at 04:30 GMT, with local share markets mostly flat and mixed, with Hang-Seng showing gains, while Nikkei is down by -0.61% after its lunch break. Not much data for today's London session ahead Euro related, with final GDP and PPI figures at 09:00 GMT, being FOMC minutes later on at 18:00 GMT key event for the day.
AUD/USD spiked higher given massively wide spreads during the RBA cash statement release, printing session highs as high as 1.0476 depending on the feed, for now plummeting near opening prices last at 1.0417, falling from 1.0435 by the time the data came out. The RBA left rates unchanged as widely expected at 4.25% with now market reacting selling off the Aussie, even against Kiwi, sending the cross AUD/NZD also near session lows, last at 1.2633 after printing session highs at 1.2705.EUR/JPY is currently at 109.27 bouncing from fresh 5-day lows at 108.67 following USD/JPY dive towards 81.55 after much worse than expected Japanese monetary base figures, which blew the 82.00 support away. The cross is down for the week -1.45%.
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https://support.fxcc.com/email/technical/03042012/
UPCOMING EVENTS
2012-04-03 08:30 GMT | United Kingdom PMI Construction (Mar)
2012-04-03 09:00 GMT | EU Gross Domestic Product s.a. (QoQ) (Q1)
2012-04-03 09:00 GMT | EU Gross Domestic Product s.a. (YoY) (Q1)
2012-04-03 09:00 GMT | EU Producer Price Index (YoY) (Feb)
FOREX NEWS
2012-04-03 04:43 GMT | RBA: Rates unchanged at 4.25%; inflation outlook fluid
2012-04-03 04:10 GMT | EUR/USD capped below 1.3350 in Asia
2012-04-03 01:33 GMT | Japan Labor Cash Earnings (YoY) 0.7% in Mar
2012-04-03 01:31 GMT | Australia Retail Sales s.a. (MoM) 0.2% in Feb
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EURUSD 1.33390 / 1.33394
DAILY WEEKLY MONTHLY
1.3548 | 1.3498 | 1.3451 | 1.3382
1.3277 | 1.3248 | 1.3191 | 1.3134
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD formed a high at 1.3382 (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 intraday 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 EURUSD. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3382 (R1) targeting 1.3451 (R2). A stop loss should be placed above 1.3277 (S1).
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GBPUSD : 1.60323 / 1.60335
DAILY WEEKLY MONTHLY
1.6189 | 1.6143 | 1.6095 | 1.6063
1.6000 | 1.5943 | 1.5888 | 1.5842
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
The GBPUSD rise and broke above our yesterday’s resistance level forming a new high at 1.6063 (R1) and it seems that it will continue its upward movement. The pair is in a crucial moment as a break above first resistance would suggest target at 1.6143 (R3). On the other hand if the price fails to break above 1.6063 (R1), we can expect the pair to retest 1.6000 (S1) level. A break below that level would suggest a target at 1.5943 (S2) and further fall with then be limited at 1.5888 (S3).
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USDJPY : 82.090 / 82.094
DAILY WEEKLY MONTHLY
84.09 | 83.77 | 83.31 | 82.54
81.54 | 80.67 | 80.21 | 79.55
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
After the pair formed a high at 83.31 (R2), the USDJPY was able to break below yesterday’s support and formed a new low at 81.54 (S1). A break below the 81.54 level would suggest a target of 80.67. On the other hand if the price fails to break below 81.54, we can expect the pair to retest 82.54 (R1) and a break above that level would suggest target at 83.31 yesterday’s first resistance level.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 04Apr2012
Daily Forex Market by FXCC 04Apr2012
EUR/USD hovering over 1.3200
EURUSD is grinding lower on Wednesday ahead of the ECB rate decision due later on.After dropping more than 100 pips after the FOMC minutes in yesterday’s session, from the 1.3340 region to the 1.3220 area, the negative sentiment has extended into the Asian session dragging the cross as low as 1.3184 so far. Ahead in the day, PMI services and Factory Orders are expected in Germany, Retail Sales in the pan-European composite and the ECB interest rate decision. In the US, ISM non-manufacturing and the ADP employment change will also be published.
EUR/AUD is currently at 1.2847 retreating from session highs at 1.2870 when Australia's trade deficit was published, and a surplus was expected by market participants. Those highs are about the same seen yesterday and Monday as well, and last Thursday. Current yearly highs sit right above it few pips higher reached Friday at 1.2887. Recent weekly lows printed Tuesday after RBA no move on interest rates read 1.2733. Aussie has just momentarily broke below 2-month lows at 1.0300 reached right after Fed minutes were out suggesting no more QE is in the horizon, printing new lows at 1.0289 few minutes ago during current Asian session.
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https://support.fxcc.com/email/technical/04042012/
UPCOMING EVENTS
2012-04-04 07:53 GMT | Germany Purchasing Manager Index Services (Mar)
2012-04-04 08:00 GMT | European Monetary Union Purchasing Manager Index Services (Mar)
2012-04-04 08:30 GMT | United Kingdom Purchasing Manager Index Services (Mar)
2012-04-04 09:00 GMT | European Monetary Union Retail Sales (MoM) (Feb)
FOREX NEWS
2012-04-04 06:16 GMT | GBP/USD below 1.5900 ahead of PMI
2012-04-04 03:56 GMT | EUR/AUD below 1.2850 back to where it was 4 days ago
2012-04-04 02:21 GMT | EUR/USD cracks 1.3200
2012-04-04 01:34 GMT | Australia Feb Trade Balance -480M
---------------------
EURUSD : 1.32036 / 1.32041
DAILY WEEKLY MONTHLY
1.3382 | 1.3340 | 1.3277 | 1.3248
1.3183 | 1.3134 | 1.3081 | 1.3014
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD moved all the way down from 1.3340 forming a new low at 1.3183 (S1). It seems the pair has found a strong support at that level, but we expect the pair to continue its downward move. Our Moving Averages both turned bearish and are providing a strong resistance to the price confirming us the break out and the downtrend. Look for short positions targeting 1.3134 (S2). A stop loss should be placed below 1.3248.
-----------------
GBPUSD : 1.58887 / 1.58895
DAILY WEEKLY MONTHLY
1.6124 | 1.6063 | 1.5977 | 1.5920
1.5842 | 1.5783 | 1.5713 | 1.5651
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD fell this morning forming a new low at 1.5866 and now is trading below first resistance of 1.5920. A break above first resistance would suggest target at 1.5977 (R2). On the other hand if the price continues its downward move we expect the price to retest 1.5842. A break below that level would suggest target at 1.5783 (S2).
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USDJPY : 82.688 / 82.692
DAILY WEEKLY MONTHLY
84.51 | 83.81 | 83.31 | 82.97
82.41 | 81.54 | 81.05 | 80.57
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY rise all the way from 81.54 and formed a new high at 82.98. A break above that level would suggest target at 83.31 (R2) and further rise will be limited at 83.81. On the other hand if price fails to move upwards we expect the price to retest 82.41 and a break below that level would suggest target at 81.54 yesterday’s first support level.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 05Apr2012
Daily Forex Market by FXCC 05Apr2012
EUR/USD quietly advances to session highs
EUR/USD is printing fresh session highs at 1.3158 following China services PMI in line with expected at 53.3 which means expansion, and market participants have taken it as a risk on relief for a while, either exiting existing positions, or entering new ones pushing USD lower across the board. Local share markets also are on the bounce from multi-week lows, with yen selling off currently at 82.29 for USD/JPY. Euro kind of lags in the reaction, like against AUD for example, with EUR/AUD cross siting at session lows 1.2783. With only main macro risk event ahead in the form of German industrial production at 10:00 GMT, and many countries getting ready for a three to four day weekend for Eastern, everything will be set up for big day Friday with US NFP which will bring plenty of volatility given low liquidity available with almost all Europe on holidays.
AUD/JPY is currently at 84.61, retreating from session highs at 84.81, following last dip in USD/JPY with yen demand on the rise as Nikkei index keeps falling another -0.77% adding to yesterday's -2.29% loss. Main focus for current Asian session, ahead of the 4-day weekend coming tomorrow in Australia, will be Chinese PMI services at 02:30 GMT
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https://support.fxcc.com/email/technical/05042012/
UPCOMING EVENTS
2012-04-05 08:30 GMT United Kingdom Industrial Production (YoY) (Feb)
2012-04-05 10:00 GMT Germany Industrial Production s.a. w.d.a. (YoY) (Feb)
2012-04-05 11:00 GMT United Kingdom BoE Interest Rate Decision
2012-04-05 11:00 GMT United Kingdom BoE Asset Purchase Facility
FOREX NEWS
2012-04-05 02:46 GMT USD/JPY at fresh session lows after China PMI
2012-04-05 02:34 GMT China Mar HSBC China Services PMI decreases to 53.3
2012-04-05 00:53 GMT AUD/JPY at a crossroads below 85.00
2012-04-04 23:22 GM GBP/USD hovers below 1.59 in early Asia
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EURUSD : 1.31541 / 1.31548
DAILY WEEKLY MONTHLY
1.3340 | 1.3277 | 1.3248 | 1.3189
1.3108 | 1.3057 | 1.3011 | 1.2967
SUMMARY: Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.3108 (S1). A break below that level would suggest a target at 1.3057 (S2) and a further fall will focus attention on 1.3011 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.3189 (R1) we expect the price to retest 1.3248 (R2) and any further rise will then be limited to 1.3277 (R3).
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GBPUSD : 1.59010 / 1.59022
DAILY WEEKLY MONTHLY
1.6098 | 1.6063 | 1.5977 | 1.5934
1.5832 | 1.5799 | 1.5732 | 1.5668
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD fell below our first support and formed a bottom at 1.5832. After that the price rise and closed just below of yesterday’s first resistance. We expect the GBPUSD to continue its move downwards and to complete the correction at the level of 1.5732 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 1.5832 (S1). A stop loss should be placed at 1.5934 (R1).
---------------
USDJPY : 82.231 / 82.233
DAILY WEEKLY MONTHLY
84.51 | 83.79 | 83.31 | 82.98
82.08 | 81.54 | 80.81 | 80.23
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY moved closer to support levels at 82.08, retested it twice but didn’t manage to break below it. After that, the price rise and now is trading above 82.08 (S1). If price will be able to break below that level, USDJPY target is at 81.54 (S2). Further decline will re-test support at 80.81 (S3). A stop loss should be placed below 82.98 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 06Apr2012
Daily Forex Market by FXCC 06Apr2012
EUR/USD flat in Asia around 1.3070
EUR/USD had a little lift ahead of Shanghai open from session lows 1.3153 up to current 1.3069, and that was about it. Trapped in a tiny spread of 3 pips for the last two hours, the pair just sits above NY highs, holding onto some -0.53% from yesterday's Asian open, with Australia, New Zealand, Hong-Kong and Singapure on holidays for current session. The day ahead shows a blank agenda for the London session as both UK and Europe mainland will be closed on holidays, and main risk event will be US NFP at 12:30 GMT which is expected widely above the +200k figure for jobs added in the non farm payroll
With Tokyo the largest FX trading center open during the Asia-Pacific session, the USD/JPY pair is getting some modest action in an otherwise comatose start to trading this Friday due to the upcoming Easter holiday.
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https://support.fxcc.com/email/technical/06042012/
UPCOMING EVENTS
2012-04-06 06:45 GMT | France Trade Balance EUR (Feb)
2012-04-06 12:30 GMT | United States Nonfarm Payrolls (Mar)
2012-04-06 12:30 GMT | United States Average Hourly Earnings (MoM) (Mar)
2012-04-06 12:30 GMT | United States Unemployment Rate (Mar)
FOREX NEWS
2012-04-06 05:06 GMT | Japan Coincident Index increase to 93.7 in Mar
2012-04-06 05:04 GMT | Japan: Leading Economic Index (Feb): 96.6
2012-04-06 02:10 GMT | EUR/AUD paused above 8-day low 1.2660
2012-04-06 00:56 GMT | EUR/USD holds above 1.3050 after overnight push down
------------------
EURUSD : 1.30754 / 1.30763
DAILY WEEKLY MONTHLY
1.3341 | 1.3248 | 1.3205 | 1.3107
1.3035 | 1.3000 | 1.2951 | 1.2911
SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD fell below our first support and formed a new bottom at 1.3035 (S1). After that the price rise and closed below the first resistance level. We expect the EURUSD to find a strong support around 1.3000 (S2) as it is a strong technical and psychological level for the bulls. We might see a correction upwards and then a continuation of the downtrend or we can see a continuation of the downtrend without a correction. Our recommendations for today’s trading session is no positions as in the last 3-4 sessions we got around 250 pips of profit on this pair and it is better to wait until we see which of the bulls of the bear will win the battle. No position.
----------------
GBPUSD : 1.58562 / 1.58578
DAILY WEEKLY MONTHLY
1.6063 | 1.6016 | 1.5965 | 1.5909
1.5804 | 1.5751 | 1.5703 | 1.5643
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD fell and formed a strong support at 1.5804 (S1) a significant technical and psychological level. Following that, the price rise and now is moving below the first resistance level. The same with this pair as since this week we made around 250 pips in profit we remain flat as we expect the pair to find a strong support at 1.5804 (S1). Now it is very important what the bearish have in mind and if the traders will hold their short positions against the GBP. No position.
----------------
USDJPY : 82.251 / 82.256
DAILY WEEKLY MONTHLY
84.00 | 83.31 | 82.98 | 82.43
81.82 | 81.54 | 81.05 | 80.55
SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY fell and formed a new low at 81.82 (S1). Following that the price rise and closed just below of today’s resistance level. A break above 82.43 level would suggest target at 82.98 (R2) and further rise will then be limited at 83.31 (R3). On the other hand a break below 81.82 would suggest target at 81.05 (S3). A stop loss in both cases should be placed around 50 pips away from support or resistance level.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 09Apr2012
Daily Forex Market by FXCC 09Apr2012
EUR/USD lower in Asia, holds above 1.3050
EUR/USD is currently recovering at 1.3061 from fresh 3-week lows at 1.3034, reached ahead of a better than expected CPI figures in China year to date, showing an increase of +3.6% vs +3.3% expected. Risk off sentiment is present in Asia with Australian markets closed and practically all European ones closed as well for holiday, with Nikkei index printing lows near the 9500 points mark, now recovering from session lows losing some -0.93% after lunch break.The session ahead in London shows a blank agenda as most European countries will be closed for holidays, and then the US still in the Eastern weekend on holidays though markets seem to open.
EUR/JPY has fallen to fresh 5-week lows this Monday in Asia, reaching as far as 106.15 from 106.72 at the end of trading in NY Friday as the market extends its bearish reversal.The Australian Dollar is under growing pressure in Asia, with the antithesis being a much firmer US Dollar across the board, only challenged by the Japanese Yen, which also resumes bullish momentum. The Aussie is currently trying to avoid being pushed lower as it levitates near day lows following a higher-than-expected Chinese CPI y/y data, which came at 3.6% in March as opposed to a 3.4% expected by analysts; the production price index y/y stood at -0.3% vs -0.2% estimate in the March reading.
Read More
https://support.fxcc.com/email/technical/09042012/
UPCOMING EVENTS
2012-04-09 07:00 GMT Romania Trade Balance (Feb)
2012-04-09 09:00 GMT Greece Consumer Price Index (YoY) (Mar)
2012-04-09 09:00 GMT Greece Industrial Production (YoY) (Feb)
2012-04-09 10:00 GMT Portugal Global Trade Balance (Dec)
FOREX NEWS
2012-04-09 05:07 GMT Japan Eco Watchers Survey: Outlook down to 49.7 in Mar
2012-04-09 04:23 GMT EUR/USD lower in Asia, holds above 1.3050
2012-04-09 01:45 GMT AUD/USD sees no change on soft tone after China CPI
2012-04-09 01:30 GMT China Consumer Price Index (YoY) rises to 3.6% in Mar from 3.2%
---------------
EURUSD : 1.30655 / 1.30661
DAILY WEEKLY MONTHLY
1.3341 | 1.3248 | 1.3168 | 1.3107
1.3032 | 1.3000 | 1.2951 | 1.2903
SUMMARY : Neutral
TREND : Sideway
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD fell and broke below our first resistance 1.3107 forming a new low at 1.3032 (S1). After that the price rise and is now moving in a consolidation mode. By the time that the price retested our support level 3 times without succeeding to break below that this will keep as flat for today not risking a break below 1.3032 level or 1.3000 as both of these levels are significant technical and psychological important for the bulls. Our recommendation for today’s trading session is no position until we see which of the bulls of the bear will win the battle.
----------------
GBPUSD : 1.58709 / 1.58725
DAILY WEEKLY MONTHLY
1.6063 | 1.6016 | 1.5965 | 1.5909
1.5804 | 1.5763 | 1.5729 | 1.5654
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD didn’t make any significant moves in Friday’s trading session as it moved between the first support and resistance. A break in either direction will determine the trading bias in today`s session. A break below 1.5804 will confirm our short positions targeting 1.5763 (S2) and a further fall will be limited to 1.5729 (S3). On the other hand, if the pair breaks above the first resistance level of 1.5909 (R1), we would expect the price to retest 1.5965 (R2) and a further rise will then focus at 1.6016 (R3).
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USDJPY : 81.404 / 81.410
DAILY WEEKLY MONTHLY
83.31 | 82.98 | 82.43 | 81.82
81.19 | 80.55 | 79.98 | 79.61
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY fell and broke below our Friday’s resistance level forming a new low at 81.19 (S1) and it seems that it will continue its downward movement. Both of our Moving Averages are bearish creating a strong resistance to the price. Look for short positions around 81.82 targeting 81.19 (S1). A stop loss should be placed at 82.43 (R2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 10Apr2012
Daily Forex Market by FXCC 10Apr2012
EUR/USD printing new weekly highs
After sporting a much firmer profile across the board, the USD is showing its weakest version in early HK trade, with the EUR/USD currently extending gains past the 1.3133 mark, yesterday's high. The origin of the latest bull run comes after a recovery off 1.3030 support, forming a double bottom in the process. The rate has been able to establish a new weekly peak after a brief drive through 1.3141. From a fundamental perspective, Spain and Italy remain on the spotlight with bond yields on the rise, undermining the allure towards the EUR. On the other side of the pond, Bernanke is yet to pull off the hat stronger easing rhetoric after today's uneventful speech.
AUD/USD is currently inching higher in Asia with Hong-Kong opening pushing higher, though Hang-Seng index is lower near -1%, and Nikkei is up around +0.5% bouncing in the 9500 points level after falling more than -5% in recent days. Aussie is trading at 1.3026 rising from session lows 1.0295.
Read More
https://support.fxcc.com/email/technical/10042012/
UPCOMING EVENTS
2012-04-10 08:00 GMT | Norway Consumer Price Index (MoM) (Mar)
2012-04-10 08:00 GMT | Norway Core Inflation (MoM) (Mar)
2012-04-10 08:30 GMT | United Kingdom DCLG House Price Index (YoY) (Feb)
2012-04-10 08:30 GMT | European Monetary Union Sentix Investor Confidence (Apr)
FOREX NEWS
2012-04-10 03:10 GMT | Japan BoJ Interest Rate Decision steadies at 0.1%
2012-04-10 03:07 GMT | China Trade Balance up to 5.347B in Mar
2012-04-10 01:30 GMT | Australia Mar ANZ Job Advertisements falls to 1% vs 3.3%
2012-04-10 01:30 GMT | Australia National Australia Bank's Business Confidence rises to 3 in Mar
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EURUSD 1.31227 / 1.31232
DAILY WEEKLY MONTHLY
1.3387 | 1.3341 | 1.3248 | 1.3163
1.3035 | 1.3000 | 1.2951 | 1.2903
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD moved upwards and managed to stay above yesterday’s support 1.3035 (S1) and now it is moving towards 1.3163 (R1). A break above that level we suggest further rise towards 1.3248 (R2) and then 1.3341 (R3). On the other hand, if the price manages to hold below 1.3163 (R1) we can expect retest of 1.3035 (S1) and further fall will then be limited at 1.2951 (S3).
--------------
GBPUSD 1.59201 / 1.59213
DAILY WEEKLY MONTHLY
1.6112 | 1.6063 | 1.6016 | 1.5956
1.5884 | 1.5804 | 1.5763 | 1.5729
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD is forming higher tops, as it rise for 3 consecutive days after forming a high at 1.6063 (R3), formed a strong support level at 1.5804 (S1). Following that we saw a correction towards 1.5884 and it seems the pair will re-test our resistance levels soon. A break above 15956 (R1) would suggest a target of 1.6016 (R2) and a further rise will then focus on the next target at 1.6063 (R3) a technical and psychological level. A stop loss should be placed below 1.5884 (S1).
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USDJPY : 81.364 / 81.368
DAILY WEEKLY MONTHLY
83.31 | 82.98 | 82.43 | 81.82
81.19 | 80.55 | 79.98 | 79.48
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY rise and formed a new high (intraday) at 81.82 (R1) and after that fell towards yesterday’s first support. A break below 81.19 will confirm our short positions targeting 80.55 (S2) and further fall will then be limited at 79.98 (S3). A stop loss should be placed at 81.82 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 11Apr2012
Daily Forex Market by FXCC 11Apr2012
EUR/USD below 1.3100
EUR/USD has been thru a quiet up and down 30 pip range session this Wednesday in Asia, currently holding onto 10 pip gains over initial opening price last at 1.3090, finding resistance so far at session highs 1.3096, and support at session lows 1.3067. All local share markets are deep in the red, with Nikkei near session lows below the 9400 points mark, losing -1.53% for the day.The GBP/USD pair has gotten a moderate boost so far this Wednesday following a better than expected BRC retail sales reading in the year to March, pushing the pair slightly up to as session high of 1.5878 vs. 1.5860 late Tuesday in New York.
EUR/JPY is attempting to muster a recovery from its recent dip to fresh 2-month lows, having climbed to as high as 105.77 this Wednesday in Asia from an earlier low of 105.43, a price not seen since the 22nd day of February.
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https://support.fxcc.com/email/technical/11042012/
UPCOMING EVENTS
2012-04-11 07:00 GMT | Hungary Consumer Price Index (YoY) (Mar)
2012-04-11 07:00 GMT | Denmark Industrial Production (MoM) (Feb)
2012-04-11 08:00 GMT | Norway Manufacturing Output (Feb)
2012-04-11 12:15 GMT | Canada Housing Starts s.a (YoY) (Mar)
FOREX NEWS
2012-04-11 03:16 GMT | USD/JPY limited between 80.59/80.8220
2012-04-11 03:00 GMT | EUR/JPY set for bullish correction EUR/JPY set for bullish correction
2012-04-11 01:42 GMT | AUD/USD on new session highs above 1.0260
2012-04-11 01:30 GMT | Australia Home Loans -2.5% in Feb
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EURUSD : 1.30989 / 1.30995
DAILY WEEKLY MONTHLY
1.3382 | 1.3341 | 1.3248 | 1.3145
1.3035 | 1.3000 | 1.2951 | 1.2903
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD didn’t make any significant moves in yesterday’s trading session as it moved between the first support and resistance level. A break in either direction will determine the trading bias in today`s session. A break below 1.3035 will confirm our short positions targeting 1.3000 (S2) and a further fall will be limited to 1.2951 (S3). On the other hand, if the pair breaks above the first resistance level of 1.3145 (R1), we would expect the price to retest 1.3248 (R2) and a further rise will then focus at 1.3341(R3).
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GBPUSD 1.58850 / 1.58861
DAILY WEEKLY MONTHLY
1.6098 | 1.6063 | 1.6016 | 1.5931
1.5804 | 1.5763 | 1.5704 | 1.5651
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.5804 (S1). A break below that level would suggest a target at 1.5763 (S2) and a further fall will focus attention on 1.5704 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.5931 (R1), we expect the price to retest 1.6016 (R2) and further rise will then be limited at 1.6063 (R3).
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USDJPY : 80.865 / 80.868
DAILY WEEKLY MONTHLY
82.98 | 82.43 | 81.82 | 81.18
80.63 | 79.96 | 79.50 | 79.11
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
After the USDJPY formed a top at 81.82 the price fell and broke below yesterday’s support levels closing below 81.18 (R1). A break above that level would suggest target at 81.82 (R2) a strong technical level for the bears. On the other hand if price fails to move above first resistance we expect the price to retest 80.63 (S1) yesterday’s low. A break below that level would suggest target at 79.96 (S2) and further fall will then focus at 79.50 (S3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 12Apr2012
Daily Forex Market by FXCC 12Apr2012
EUR/USD is currently near session highs
EUR/USD is currently at 1.3133 near session highs 5 pips above, gaining +0.18% since Asian open. Markets had a lift on risk appetite once Australia's jobs data showed better than expected results, keeping unemployment rate steady at 5.2% while an increase to 5.3% was expected, and adding new 44k jobs to the economy. Local share markets and US futures are higher, Nikkei up by +0.15%, pointing for a slightly higher open in Europe.
EUR/AUD has recently fell from a cliff, losing about 80 pips in no time following the Aussie jobs report, and lower from yesterday's highs at 1.2784, last at 1.2664 with session and week lows at 1.2640. The Australian Dollar is soaring across the board after what may be labeled as a 'spectacular' jobs number in Australia. AUD/USD has so far posted a high of 1.0360 from 1.0300 following the creation of fresh 44k new jobs in March, restoring faith in the Australian economy after it lost 15.4k in February.
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https://support.fxcc.com/email/technical/12042012/
UPCOMING EVENTS
2012-04-11 08:00 GMT | European Monetary Union ECB Monthly Report
2012-04-11 08:30 GMT | United Kingdom Goods Trade Balance (Feb)
2012-04-11 08:30 GMT | United Kingdom Trade Balance; non-EU (Feb)
2012-04-11 09:00 GMT | European Monetary Union Industrial Production w.d.a. (YoY) (Feb)
FOREX NEWS
2012-04-12 04:20 GMT | EUR/USD above 1.3100 in Asia
2012-04-12 01:30 GMT | Australia Unemployment Rate s.a. steadies at 5.2%
2012-04-12 01:00 GMT | Australia Apr Consumer Inflation Expectation 3.3%
2012-04-11 00:02 GMT | Japan Domestic Corporate Goods Price Index (MoM) 0.6%
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EURUSD : 1.31384 / 1.31389
DAILY WEEKLY MONTHLY
1.3382 | 1.3341 | 1.3248 | 1.3145
1.3035 | 1.3000 | 1.2951 | 1.2903
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD formed a high at 1.3145 (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 intraday 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 EURUSD. A proper confirmation for the long positions will be when the price manages to break above 1.3170. A stop loss should be placed above 1.3035 (S1).
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GBPUSD : 1.59260 / 1.59272
DAILY WEEKLY MONTHLY
1.6114 | 1.6063 | 1.6016 | 1.5937
1.5852 | 1.5804 | 1.5751 | 1.5705
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD released a lot of volatility in yesterday’s trading session moving upwards above 1.5930 and then moved downwards breaking below 1.5900 touching our yesterday’s support level. It seems that the pair is gaining momentum and is moving towards 1.5937 (R1). A break above that level would suggest a target at 1.6016 (R2) a strong technical level. Look for long positions above 1.5937 (R1) targeting 1.6016 (R2). A stop loss should be placed above 1.5852 (S1).
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USDJPY : 80.948 / 80.954
DAILY WEEKLY MONTHLY
82.98 | 82.43 | 81.82 | 81.18
80.57 | 79.71 | 79.42 | 78.88
SUMMARY Neutral
TREND Sideway
MA10 Neutral
MA20 Neutral
STOCHASTIC Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY fell and closed above yesterday’s support at 80.85 and now seems to be moving between 80.57 and the 81.18 level. A break above that level we suggest further rise towards 81.82 (R2) and then 82.43 (R3). On the other hand, if the price manages to hold below 81.18 (R1) we can expect retest of 80.57 (S1). A break below that level would suggest target at 79.71 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 13Apr2012
Daily Forex Market by FXCC 13Apr2012
EUR/USD in correction mode below 1.3175 in Asia
EUR/USD is last quoted at 1.3171, off from session lows at 1.3163, and correcting from yesterday's and 6-day highs at 1.3211, losing a -0.12% since Asian session started. The news of the day are the lower than expected China 1Q GDP at +8.1% vs +8.4% consensus expectations, and the failed North Korean missile launch. Local share markets overall show gains, with Nikkei above the 9600 points mark higher by +1.31%. The London session ahead shows a soft agenda in Euro related macro data to be published, with CPI figures coming out from several countries like Spain, Italy and Germany all along the European morning, as well as Italy industrial production at 08:00 GMT.
USD/JPY retreated from its session highs immediately following the weaker than expected Q1 Chinese GDP number, as investors were caught off guard and the safe-haven JPY enjoyed a dose of risk-off flows. The pair managed to dip as low as 80.96 from its 81.18 peak, and has since bounced back to levels above the 81.00 mark, last at 81.10 versus 80.88 at the end of trading in New York.
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https://support.fxcc.com/email/technical/13042012/
UPCOMING EVENTS
2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Input (MoM)
2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Input (YoY)
2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Output (MoM)
2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Output (YoY)
FOREX NEWS
2012-04-13 04:26 GMT | EUR/USD in correction mode below 1.3175 in Asia
2012-04-13 02:10 GMT | China: Real GDP surprisingly weak at 8.1% in Q1
2012-04-13 02:02 GMT | China Mar Retail Sales (YoY) 15.2%
2012-04-13 02:01 GMT | China Mar Industrial Production (YoY) 11.9%
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EURUSD : 1.31724 / 1.31732
DAILY WEEKLY MONTHLY
1.3379 | 1.3341 | 1.3278 | 1.3214
1.3145 | 1.3088 | 1.3035 | 1.3000
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD gained momentum in yesterday’s session and formed a higher bottom and top, successfully penetrating yesterday's resistance level. After that the price found a strong resistance at 1.3214 (R1) a strong technical lelvel. We expect the price to move upwards but only a break above 1.3214 (R1) will give as a confirmation for long positions targeting 1.3278 (R2) and further rise will then be limited at 1.3341 (R3). A stop loss should be placed at 1.3088 (S2).
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GBPUSD : 1.59491 / 1.59503
DAILY WEEKLY MONTHLY
1.6163 | 1.6110 | 1.6045 | 1.5984
1.5907 | 1.5852 | 1.5804 | 1.5751
SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD continued to move upwards forming a new top at 1.5984 (R1). A break above that level would suggest target at 1.6045 (R2) and further rise will then focus on 1.6110 (R3). On the other hand a break below 1.5907 (S1) would suggest target at 1.5852 and further fall will then be limited at 1.5804 (S3).
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USDJPY : 81.031 / 81.035
DAILY WEEKLY MONTHLY
82.98 | 82.43 | 81.82 | 81.20
80.57 | 79.81 | 79.25 | 78.57
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
The USDJPY didn’t make any significant moves in yesterday’s trading session as it moved between the first support and resistance level. A break in either direction will determine the trading bias in today`s session. A break below 80.57 will confirm our short positions targeting 79.81 (S2) and a further fall will be limited to 79.25 (S3). On the other hand, if the pair breaks above the first resistance level of 81.20 (R1), we would expect the price to retest 81.82 (R2) and a further rise will then focus at 82.43(R3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 16Apr2012
Daily Forex Market by FXCC 16Apr2012
EUR/USD barely above 1.3000 in late Asia
EUR/USD heads into London session open ending the Asian trade at 1.3018, near session and fresh 5-week lows at 1.3009, losing some -0.43% from its opening price around 1.3075, and session highs at 1.3096. Local share markets are in the red with Nikkei lower by -1.33% and oil and gold also both at session lows, gold just breaking below Friday's lows. The Yen is reigning so far this Monday, benefited by the ballooning Spanish 10-yr bond yields, which recently hit the 6%, coupled with short-term negative effects on the Chinese band widening, seen as factor that will increase market volatility.
AUD/JPY has traded down to as low as 83.41 late Friday so far this Monday in Asia fueled by risk off flows triggered by the PBOC’s decision Saturday to widen the USD/CNY trading band. EUR/JPY has broken below support in the 105.45-50 area and is now targeting lower levels, last at 105.30 vs 105.92 late Friday in New York.
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https://support.fxcc.com/email/technical/16042012/
UPCOMING EVENTS
2012-04-16 08:00 GMT | Turkey Budget Balance (Mar)
2012-04-16 08:00 GMT | Italy Global Trade Balance (Feb)
2012-04-16 09:00 GMT | European Monetary Union Trade Balance n.s.a. (Feb)
2012-04-16 09:00 GMT | European Monetary Union Trade Balance s.a. (Feb)
FOREX NEWS
2012-04-16 05:24 GMT | USD/JPY breaks support at 80.60
2012-04-16 01:45 GMT | AUD/JPY dips below 83.50
2012-04-16 00:54 GMT | USD/CHF well bid in Asia
2012-04-16 00:51 GMT | EUR/USD hits fresh 1-month low
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EURUSD : 1.30207 / 1.30209
DAILY WEEKLY MONTHLY
1.3278 | 1.3214 | 1.3140 | 1.3048
1.3004 | 1.2951 | 1.2913 | 1.2867
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD after the pair formed a high at 1.3214 it fell for 2 consecutive days and formed a bottom at 1.3004 (S1) a significant technical and psychological level. A break below that level will confirm our short positions towards 1.2951 (S2) and a further fall with then be limited to 1.2913 (S3). On the other hand if the price manages to stay above 1.3004 (S1) we expect the price to retest 1.3048 (R1) and if a break happens above that level we expect the price to move towards next upwards objective at 1.3140 (R2) and to give a ‘big breath’ to the bulls as 1.3000 levels are crucial for them.
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GBPUSD : 1.58278 / 1.58290
DAILY WEEKLY MONTHLY
1.6034 | 1.5984 | 1.5909 | 1.5858
1.5804 | 1.5755 | 1.5704 | 1.5664
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD fell this morning and formed a low at 1.5822 penetrating below Friday’s resistance level. A break below 1.5804 (S1) will continue its downward move targeting the next support level at 1.5755 (S2) a strong technical level and further decline will then be limited to 1.5704 (S3). On the other hand if the price breaks above 1.5858 (R1) it would suggest a target at 1.5909 (R2).
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USDJPY : 80.572 / 80.575
DAILY WEEKLY MONTHLY
82.98 | 82.43 | 81.82 | 81.20
80.35 | 79.67 | 79.13 | 78.81
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY couldn’t hold this morning and fell, breaking below our Friday’s support level. A break below 80.35 would suggest a target at 79.67 (S2) and a further fall will focus attention on 79.13 (S3) a significant technical and psychological level. The short positions are supported by the Moving Averages 10 – 20 that are both bearish. A stop loss should be placed at 81.20 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)