Update - Daily Technical Levels from FXCC - page 16
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Daily Forex Market by FXCC 17Jan2012
Daily Forex Market by FXCC 17Jan2012
MARKET OVERVIEW – JANUARY 17 2012
Major currency pair and Commodity currency pair analysis
Europe’s shared currency was 0.3 percent weaker at 97.30 yen at 11:40 a.m. in London, after falling to 97.04, the least since December 2000. The euro fell 0.1 percent to $1.2673, after dropping to $1.2626. The dollar dipped 0.3 percent to 76.77 yen. U.S. markets are closed today. Sterling is in a range above the psychological level of 1.5300. This looming round number should represent a test, once breached lower support is at circa 1.5320. EUR/GBP extended its decline to 0.8253, where it bottomed out during the European trade. EUR/GBP is quoting at around 0.8270, 0.06% above its opening price. USD/JPY erases Friday’s gains and falls back to 76.75 down 0.22% on the day. The USD/CHF has retraced back to Monday’s opening price, at 0.9540, after falling to a 0.9525 daily low on the European opening.
NZD/USD is down ahead of NZIER. The pair is flat at 7930, obviously 8000 represents a key level. Improved housing/lending data has helped push up the AUS/USD, the pair is up 0.33% at 10314 with the next resistance levels waiting at 1.0387 followed by key number level of 1.0400. As crude oil rises, the USD/CAD falls. Friday’s gains obtained ahead of the S&P downgrades on European sovereigns have Ben eradicated as price sticks in a range determined by the 200 ma on a 4 hr chart. The pair is below 1.0200, in line with the 200-hourly MA, making this an extremely interesting position to monitor.
UPCOMING EVENTS
2012-01-17 09:30 GMT | United Kingdom Core Consumer Price Index (YoY) (Dec)
2012-01-17 10:00 GMT | United Kingdom BoE's Governor King Speech
2012-01-17 10:00 GMT | EU - Consumer Price Index - Core (YoY) (Dec)
2012-01-17 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Jan)
FOREX NEWS
2012-01-17 05:21 GMT | Another day, another record low for EUR/AUD
2012-01-17 02:04 GMT | China: Retail Sales (YoY) (Dec): 18.1%
2012-01-17 02:04 GMT | China: Industrial Production (YoY) (Dec): 12.8%
2012-01-17 02:03 GMT | China Gross Domestic Product (YoY) 8.9% in 4Q
EURUSD 1.27429 / 1.27434
High: 1.27434 | Low: 1.26489 | Chg: 0.0076 0.06%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought
Resistance Levels: 1.2944 | 1.2882 | 1.2812 | 1.2763
Support Levels: 1.2624 | 1.2592 | 1.2560 | 1.2513
Intraday Analysis: The EURUSD moved upwards and managed to stay above yesterday’s support 1.2624 (S1) and now it is moving towards 1.2763 (R1). A break above that level we suggest further rise towards 1.2812 (R2) and then 1.2882 (R3). On the other hand, if the price manages to hold below 1.2763 (R1) we can expect retest of 1.2624 (S1). The pair is moving downwards since November 2011 and the stochastic is ready to exit downwards to the 80 level. Our recommendation for today’s session is to look for short positions close to 1.2763 (R1) with a stop loss above 1.2812 (R2).
GBPUSD 1.53819 / 1.53831
High: 1.53824 | Low: 1.53107 | Chg: 0.006 0.039%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought
Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5409
Support Levels: 1.52758 | 1.5233 | 1.5203 | 1.5164
Intraday Analysis: The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5233 (S2). The pair reached a high at 1.5409 (R1) and then fell back towards 1.5278 (S1). Further fall will test 1.5233 (S2) and decline below this level, suggesting target at 1.5203 (S3). On the other hand, if price manages to stay above 1.5278 (S1) then we expect the price to retest 1.5409 (R1) and then further rise to 1.5487 (R2). We look for long positions in today’s session with a stop loss below 1.5278 (S1).
USDJPY 76.651/ 76.655
High: 76.878 | Low: 76.64 | Chg: -0.117 -0.117%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold
Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05
Support Levels: 76.60 | 76.03 | 75.54 | 75.13
Intraday Analysis: USDJPY fell sharply and formed a strong support level at 76.60 (S1) and then we saw is rised up and made a high at 77.05 (R1). A break above that level, 77.05 (R1), we suggest further rise towards 77.33 (R2). Both of our Moving Averages are bearish, so we expect the pair to continue its downward move towards 76.03 (S2). A stop loss should be placed above 77.05 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/17012012
Daily Forex Market by FXCC 18Jan2012
Daily Forex Market by FXCC 18Jan2012
The dollar fell versus the euro in early trading
The dollar was little changed at 1.2741 per euro as of 8:30 a.m. in Tokyo after falling 0.5 percent yesterday. The yen fetched 97.88 per euro after a 0.6 percent decline yesterday. USD/JPY broke support at circa 76.60 to reach a fresh 3-month low of 76.54 on Tuesday, recovering to end the American session at 76.82. The pound declined 0.4 percent to 83 pence per euro at 5:03 p.m. London time, after rising 1.1 percent over the previous two days. The currency slid 0.6 percent to A$1.4767 after falling to A$1.4713, the weakest since February 1985. Sterling strengthened 0.2 percent to $1.5348.
Canada’s currency touched C$1.0113 per U.S. dollar, the strongest since Jan. 4. It ended 0.3 percent higher at C$1.0151 in Toronto. One Canadian dollar purchases 98.51 U.S. cents. The Australian Dollar is approaching 1.0370, after it recovered from a dip which halted ahead of 1.0350. AUD/USD retreated 100 pips from its daily highs seen on Tuesday. AUD/USD peaked at a 2 ½-month high of 1.0447 before Wall Street opening, but then dropped nearly 100 pips throughout the NY session.
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UPCOMING EVENTS
2012-01-18 04:30 GMT | Japan - Industrial Production (YoY) (Nov)
2012-01-18 09:30 GMT | UK - ILO Unemployment Rate (3M) (Jan)
2012-01-18 09:30 GMT | UK - Average Earnings including Bonus (3Mo/Yr) (Nov)
2012-01-18 09:30 GMT | UK - Claimant Count Change (Dec)
FOREX NEWS
2012-01-18 04:36 GMT | Japan Nov Industrial Production (YoY) -4.2%
2012-01-18 04:34 GMT | Japan Capacity Utilization -2.9% in Nov
2012-01-18 04:34 GMT | Japan Industrial Production (MoM) -2.7% in Nov
2012-01-18 00:34 GMT | Australia Dec New Motor Vehicle Sales (YoY) -3%
EURUSD 1.27906 / 1.27910
DAILY WEEKLY MONTHLY
High: 1.27927 | Low: 1.27333 | Chg: 0.0055 0.43%
1.2944 | 1.2878 | 1.2843 | 1.2807
1.2711 | 1.2647 | 1.2624 | 1.2592
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
After price formed bottom at 1.2624 (S3) EURUSD was able to break above 1.2711 (S1) and now has found a strong resistance at 1.2807 (R1). If we take a look in the short term time frame, the price is heading close to the downtrend trend line 1.2843 (R2). A break above that level will be suggesting target at 1.2878 (R3) and possibilities for a trend reversal. On the other hand if price fails to break above 1.2807 (R1) we will then expect the price to retest 1.2711 (S1) and then further decline towards 1.2647 (S2). We are in a very crucial level as it is a possibility to either have a continuation of the downtrend or a breakout and trend reversal.
GBPUSD 1.53709 / 1.53718
DAILY WEEKLY MONTHLY
High: 1.53745 | Low: 1.53264 | Chg: 0.0035 0.23%
1.5579 | 1.5527 | 1.5487 | 1.5409
1.5278 | 1.5233 | 1.5203 | 1.5164
SUMMARY : up
TREND : up trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD formed higher bottoms and now is moving towards 1.5409 (R1) a technical and psychological resistance level for the bullish. A break above that level, it will be a proper conformation for long positions as we expect the price to retest 1.5487 (R2). On the downside, decline below 1.5320 will be confirmed the short positions towards 1.5278 (S1) and then 1.5233 (S2).
USDJPY 76.693 / 76.699
DAILY WEEKLY MONTHLY
High: 76.844 | Low: 76.653 | Chg: -0.133 -0.17%
78.03 | 75.56 | 77.33 | 77.05
76.55 | 76.03 | 75.54 | 75.13
SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20: Bearish
STOCHASTIC
versold
MARKET ANALYSIS - Intraday Analysis
USDJPY fell yesterday and was supported at 76.55 (S1) and now it seems that it is going to retest that level. We expect the price to retest and then break below our support level targeting fresh lows at 76.03 (S2) and 75.54 (S3). Look for short positions below 76.55 (S1) with a stop loss above 77.05 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/18012012
Daily Forex Market by FXCC 19Jan2012
Daily Forex Market by FXCC 19Jan2012
MARKET OVERVIEW – JANUARY 19 2012
Will the euro strengthen versus the yen?
GBP/USD broke through the levels of resistance from R1-R3 on Wednesday to reach a fresh 5-day high 1.5440, ending the American session 0.68% higher at 1.5435, this represented cables's third successive day of gains. As is its habit on occasion USD/JPY traded in a very limited 76.65/86 range before ending the American session virtually unchanged, at 76.81. The Swiss Franc strengthened versus many major counter party currencies as the US Dollar weakened, the USD/CHF fell to its lowest level in two weeks, below the psychological level of 0.9400. The pair flattened at 0.9382, remaining below 0.9400. The Swissy also rose versus its European rivals. The EUR/CHF broke below 1.2080 to 1.2067, tempting last week's lows at 1.2062, GBP/CHF fell sharply from 1.4515 to 1.4482. EUR/USD ended trading in the New York session circa 1% higher at 1.2862, just below the 20-day EMA resistance level seen at 1.2870 with support seen at 1.2840.
AUD/USD spent Wednesday trading below 1.0450 a 2-month high. The pair ended trading in New York higher for the third consecutive day, closing at 1.0435, up from a session low of 1.0355. A Kiwi sell-off occurred across the markets after a 0.3% fall in inflation was published. NZD/USD lost 45-50 pips rapidly after a sell off took the pair as low as 0.8025 from its earlier highs of 0.8080. After peaking at 1.0176, USD/CAD lost momentum dropping over half a cent late Wednesday currently printing circa 1.0120, a couple of points above Wednesday's daily low of 1.0118.
UPCOMING EVENTS
2012-01-19 00:00 GMT | Australia Consumer Inflation Expectation (Jan)
2012-01-19 00:30 GMT | Australia Unemployment Rate s.a. (Dec)
2012-01-19 00:30 GMT | Australia Employment Change s.a. (Dec)
2012-01-19 09:00 GMT | European Monetary Union ECB Monthly Report
FOREX NEWS
2012-01-19 01:26 GMT | GBP/JPY targeting lows below 118.50
2012-01-19 00:40 GMT | Australia: Unemployment steady at 5.2%, big miss in job creation
2012-01-19 00:27 GMT | Swissy supported by successful auctions
2012-01-19 00:01 GMT | Australia Jan Consumer Inflation Expectation 2.8%
EURUSD 1.28475 / 1.28477
High: 1.28784 | Low: 1.28417 | Chg: -0.0016 -0.12%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral
Resistance Levels: 1.3120 | 1.3075 | 1.2989 | 1.2878
Support Levels: 1.2807 | 1.2714 | 1.2647 | 1.2624
Intraday Analysis: EURUSD rose yesterday towards resistance at 1.2878 (R1) and now it is testing the downtrend trend line again. A break above that level we can expect price to move towards 1.2989 (R2) and this is a proper conformation for a trend reversal. On the downside, if the pair do not manage to break above first resistance then we expect to move towards 1.2807 (S1) and then 1.2714 (S2).
GBPUSD 1.54163 / 1.54172
High: 1.54453 | Low: 1.54159 | Chg: -0.0021 -0.14%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral
Resistance Levels: 1.5669 | 1.5580 | 1.5488 | 1.5445
Support Levels: 1.5404 | 1.5320 | 1.5278 | 1.5233
Intraday Analysis: GBPUSD gained momentum yesterday and formed a top at 1.5445 (R1) now it seems that is moving towards 1.5404(S1). A break below that level can expect the pair to retest 1.5320 (S2). If the price moves upwards and breaks above our first resistance level 1.5445 (R1) then we expect the price to approach towards 1.5488 (R2).
USDJPY 76.764 / 76.767
High: 76.834 | Low: 76.721 | Chg: -0.054 -0.07%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral
Resistance Levels: 77057 | 77.33 | 77.05 | 76.87
Support Levels: 76.65 | 76.59 | 76.10 | 75.56
Intraday Analysis: USDJPY is moving sideways between 76.87 (R1) and 76.65 (S1). A break below our support level, we can expect the price to retest 76.59 (S2) and further decline we’ll focus on 76.10 (S3). Look for short positions with a stop loss above 77.05 (R2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/19012012
Daily Forex Market by FXCC 20Jan2012
Daily Forex Market by FXCC 20Jan2012
MARKET OVERVIEW – JANUARY 20 2012
Euro appreciates to two week high versus the greenback, is 1.3000 in sight, then 1.3200?
The euro appreciated to a two-week high of $1.2927 before trading 0.2 percent higher at $1.2890. It reached a 16-month low of $1.2624 on Jan.13th. The Dollar Index fell 0.1 percent to 80.372 today. The dollar was little changed at $1.2964 per euro as of 8:24 a.m. in Tokyo from yesterday in New York. The yen was at 99.93 per euro from 99.99 yesterday when it reached 100.06, also the lowest since Jan. 4. The U.S. currency traded fairly static at 77.09 yen. USD/CHF lost nearly 60 pips throughout the day on Thursday, sliding towards its lowest level in over 2 weeks of 0.9329. USD/CHF is trading at the 0.9330/35 zone early in the Asian session, down 0.6% on the day. USD/CHF has dropped over 240 pips since its new year peak of 0.9574 on Tuesday. The Pound broke above 1.5465 rising to 1.5487 the highest quote since January 10 versus the US Dollar. The GBP/USD moved sideways in a tight range during Thursday and in the last hour moved to the upside. The Pound rose in the last hours of the NY session versus its European rivals. The GBP/CHF then also tested levels above the crucial round psychological number of 1.4500 after finding support at 1.4440, the EUR/GBP dropped from 0.8364 to 0.8325.
Canada’s currency, also known as the loonie, was static at C$1.0108 per U.S. dollar at 5 p.m. in Toronto after touching C$1.0071, the lowest quote since Dec. 8th. One Canadian dollar is buying 98.93 U.S. cents, falling 0.8 percent to C$1.3109 versus the euro. AUD/USD traded in a 1.0370/1.0435 range on Thursday ending in New York 0.16% lower on the day at 1.0417. AUD/USD is trading slightly off at the start of the Asian session, last printing at 1.0410, support is seen at 1.0400.
UPCOMING EVENTS
2012-01-20 04:30 GMT | Japan All Industry Activity Index (MoM) (Nov)
2012-01-20 05:00 GMT | Japan Leading Economic Index (Nov)
2012-01-20 07:00 GMT | Germany Producer Price Index (MoM) (Dec)
2012-01-20 09:30 GMT | United Kingdom Retail Sales (YoY) (Dec)
FOREX NEWS
2012-01-20 04:32 GMT | Japan: All Industry Activity Index (MoM) (Nov): -1.1%
2012-01-20 02:51 GMT | Japan contribution to the IMF contingent on US
2012-01-20 02:39 GMT | Japan - HSBC Manufacturing PMI signals industry contraction for third consecutive month
2012-01-20 00:33 GMT | Australia 4Q Export Price Index (QoQ) -1.5%
EURUSD 1.29673 / 1.29680
High: 1.29808 | Low: 1.29538 | Chg: -0.0002 -0.01%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral
Resistance Levels: 1.3260 | 1.3206 | 1.3120 | 1.3050
Support Levels: 1.2876 | 1.2809 | 1.2711 | 1.2624
Intraday Analysis: EURUSD moved upwards and formed a high at 1.2980 this morning. The upward moved started from 13th of January and since then the EUR picked up and has successfully penetrated upwards the downtrend trend line. We expect the price to reach 1.3050 (R1) and then to bounce back for a correction. If the price breaks above our first resistance then we have a new trend (uptrend) and the next target is set at 1.3120 (R2).
GBPUSD 1.54880 / 1.54888
High: 1.54966 | Low: 1.54749 | Chg: 0.0001 0.01%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral
Resistance Levels: 1.5862 | 1.5775 | 1.5669 | 1.55572
Support Levels: 1.5410 | 1.5344 | 1.5281 | 1.234
Intraday Analysis: GBPUSD has successfully broke above yesterday resistance and now it seems that is heading towards 1.5572 (R1). Fail to reach that level then we expect the price to retest 1.5410 (S1) and then further decline will limited to 1.5344 (S2). On the intraday, the pair is moving upwards – uptrend valid trend line and both of our Moving Averages are bullish. The bearish are under pressure as a lot of stop losses have been hit yesterday as we are in a strong upward momentum at the moment.
USDJPY 77.131 / 77.134
High: 77.206 | Low: 77.053 | Chg: 0.024 0.03%
SUMMARY: Down
INTRADAY TREND: Trading Range
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral
Resistance Levels: 78.21 | 77.78 | 77.56 | 77.33
Support Levels: 76.80 | 76.59 | 76.10 | 75.56
Intraday Analysis: USDJPY made a sharp move yesterday (60 pips) and formed a top at 77.33 (R1) a strong resistance level. A break above that level we expect the price to retest 77.56 (R2). At the moment, the price it seems that is still moving downwards and it is possible to retest our support levels at 76.80 (S1) and 76.59 (S2) a strong technical and psychological level. It is very important to see a move above our first resistance or our first support to get a clearer picture of the trend. In the long run a break below 76.59 (S2) will confirm the downtrend – No position.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/20012012
Daily Forex Market by FXCC 23Jan2012
Daily Forex Market by FXCC 23Jan2012
Euro falls sharply on open versus many of its peers
The euro fell 0.3 percent to $1.2890 as of 9:20 a.m. in Tokyo from $1.2931 in New York on Jan. 20th when it reached $1.2986, the highest level since Jan. 4th. The seventeen nation common currency declined 0.4 percent to 99.24 yen. The dollar traded at 76.99 yen from 77.01. The USD/JPY possibly remains in consolidation around 77.00 at the start of trading this Monday, after last week saw the paring retrace below 77.05 after failing to break above 100 DMA.
Australia’s dollar fetched $1.0463 from $1.0484 on Jan. 20. It earlier rose as high as $1.0494, its strongest level since Nov. 1. The overall positive mood which enveloped global equity markets last week helped support the Aussie AUD at the open, price is off slightly following a slight fall in the Australian producer price index (QoQ) at 0.3% from a 0.5% consensus.
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UPCOMING EVENTS
2012-01-23 00:30 GMT | Australia Producer Price Index (QoQ) (Q4)
2012-01-23 00:30 GMT | Australia Producer Price Index (YoY) (Q4)
2012-01-23 09:00 GMT | European Monetary Union EcoFin Meeting
2012-01-23 15:00 GMT | EU - Consumer Confidence (Dec) Preliminar
FOREX NEWS
2012-01-23 05:35 GMT | EUR/USD gap down unfilled in Asia
2012-01-23 00:41 GMT | Australia: PPI rises 2.9% in year to December
2012-01-23 00:31 GMT | Australia: Producer Price Index (QoQ) (4Q): 0.3%
2012-01-23 00:17 GMT | USD/JPY still consolidating below 77.00
EURUSD 1.28911 / 1.28917
DAILY WEEKLY MONTHLY
High: 1.29081 | Low: 1.28759 | Chg: -0.004 -0.31%
Resistance Levels: 1.3056 | 1.3025 | 1.2987 | 1.2948
Support Levels: 1.2838 | 1.2807 | 1.2732 | 1.2624
SUMMARY up
TREND up trend
MA10 bearish
MA20 Bearish
STOCHASTIC neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD continued to rise the whole week from 1.2624 (S4) and formed a high at 1.2987 (R2). The pair seems to be forming a correction downwards, towards 1.2878 and there are also possibilities to retest our first support level at 1.2838 (S1). Look for a long position near the support levels, targeting 1.2987 (R2).
GBPUSD 1.55370 / 1.55380
DAILY WEEKLY MONTHLY
High: 1.55621 | Low: 1.55273 | Chg: -0.0039 -0.25%
Resistance Levels: 1.5677 | 1.5639 | 1.5614 | 1.5579
Support Levels: 1.5500 | 1.5448 | 1.5402 | 1.5339
SUMMARY up
TREND up trend
MA10Bullish
MA20bullish
STOCHASTICneutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD broke above 1.5500 (S1) level and formed a top at 1.5579 (R1). It now seems to be heading towards the same resistance level. A break above that level would suggest a target of 1.5614 (R2) and a further rise will then focus on the next target at 1.5639 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 1.5500 (S1), a technical and psychological level. A further fall will then bring focus to the next support level at 1.5448 (S2).
USDJPY 77.030 / 77.034
DAILY WEEKLY MONTHLY
High: 77.08 | Low: 76.929 | Chg: 0.005 0.01%
Resistance Levels: 78.21 | 77.78 | 77.56 | 77.32
Support Levels: 76.91 | 76.55 | 76.05 | 75.56
SUMMARY : neutral
TREND : sideway
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY after a short consolidation, continue to rise from Friday’s support level of 76.55(S2) and has reached a high at 77.32 (R1) so far. If we switch to an H4 timeframe, we can see that the pair is going through another consolidation and if the pair manages to hold above 76.55 (S2) we can expect a further rise towards our first resistance level at 77.32 (R1) and a sustained rise will then approach 77.56 (R2). On the other hand, if the price does not manage to break above 77.32 ( R1) we can expect the price to move downwards and retest the second support level at 76.55 (S2) and a deeper decline could be then supported at 76.05 (S3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/23012012
Daily Forex Market by FXCC 24Jan2012
Daily Forex Market by FXCC 24Jan2012
Euro Yen rallies from the eleven years lows seen over recent weeks
The euro gained 0.6 percent to $1.3013 at 5 p.m. New York time after rising to $1.3053, the highest level seen since Jan. 4. The seventeen nation common currency advanced 0.6 percent to 100.25 yen, while the dollar was little changed at 77.02 yen. EUR/JPY accelerated higher on Monday from an earlier test of 99.00, reaching fresh 4-week highs in the 100.50 price zone before ending trade in New York at 100.22, 0.70% higher on the day. a significant move away from the fresh eleven year lows being reached over recent weeks. The pound weakened 0.8 percent to 83.66 pence per euro at 5:01 p.m. London time. Sterling was little changed at 119.87 yen and $1.5580. The rally of the Pound versus the Dollar finally stalled at the key round number level of 1.5600 as the Greenback managed to trim its losses across the board. USD/CHF dropped more than 120 pips on Monday, sliding to its lowest level since Dec 21 at 0.9250 before recovering, the pair was printing around circa 0.9260, down 1.2% on the day earlier in the evening.
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UPCOMING EVENTS
2012-01-24 03:35 GMT | Japan BoJ Interest Rate Decision (Jan 24)
2012-01-24 08:28 GMT | Germany Purchasing Manager Index Manufacturing (Jan)
2012-01-24 08:58 GMT | European Monetary UnionPurchasing Manager Index Manufacturing (Jan)
2012-01-24 09:30 GMT | United Kingdom Public Sector Net Borrowing (Dec)
FOREX NEWS
2012-01-24 06:48 GMT | EUR/USD flat after Asian session
2012-01-24 04:34 GMT | GBP/USD retreats from 1.5600 on run to safety
2012-01-24 03:36 GMT | Japan Jan 24 BoJ Interest Rate Decision steadies at 0.1%
2012-01-24 02:08 GMT | EUR/AUD finds a short term base above 1.2350
EURUSD 1.30154 / 1.30160
DAILY WEEKLY MONTHLY
High: 1.30299 | Low: 1.29874 | Chg: 0.0002 0.02%
1.3267 | 1.3218 | 1.3150 | 1.3051
1.2986 | 1.2874 | 1.2838 | 1.2807
SUMMARY : up
TREND : up trend
MA10 : neutral
MA20 : neutral
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD continued to rise from 1.2874 (S2) and reached a high yesterday at 1.3051 (R1). Following that we saw a correction towards the first support level at 1.2986 (S1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3051 (R1) and focus on 1.3150 (R2) a strong technical and psychological level.
GBPUSD 1.55586 / 1.55596
DAILY WEEKLY MONTHLY
High: 1.558 | Low: 1.5537 | Chg: -0.0008 -0.05%
1.5715 | 1.5698 | 1.5668 | 1.5601
1.5515 | 1.5449 | 1.5407 | 1.5343
SUMMARY : up
TREND : up trend
MA10 : neutral
MA20 : neutral
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD fell and formed a bottom at 1.5515 (S1). After that the price rebounded and was able to break above yesterday’s resistance at 1.5579 and it seems it will re-test a high soon. A break above the first resistance would suggest a target of 1.5668 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.5698 (R3). On the other hand, if the price does not manage to break above 1.5601 (R1) we can expect the pair to retest support at 1.5515 (S1) and a further fall will be limited to 1.5449 (S2).
USDJPY 77.004 / 77.009
DAILY WEEKLY MONTHLY
High: 77.047 | Low: 76.956 | Chg: -0.017 -0.02%
78.87 | 78.20 | 77.68 | 77.32
76.85 | 76.55 | 76.08 | 75.53
SUMMARY : neutral
TREND : sideway
MA10 : neutral
MA20 : neutral
STOCHASTIC : overbought
MARKET ANALYSIS - Intraday Analysis
USDJPY rose yesterday and was stopped at 77.32 (S1) where price rebounded and fell forming a bottom at 76.85 (S1). A break below 76.85 (S1) will be a proper confirmation for short positions targeting 76.55 (S2) and 76.08 (S3). Look for short positions at current price with a stop loss above first resistance 77.32 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/24012012
Daily Forex Market by FXCC 25Jan2012
Daily Forex Market by FXCC 25Jan2012
The dollar rose 0.8 percent to 77.67 yen at 5 p.m. in New York and touched 77.85, the highest level since Dec. 29. The greenback dropped 0.2 percent to $1.3036 per euro. The common currency rose 1 percent to 101.25 yen. The yen’s fall gained further momentum after breaking through the 70.40 yen per dollar level, which was a key technical level. The pound rose 0.4 percent to $1.5626 and appreciated 0.2 percent to 83.42 pence per euro. USD/CHF rose after Wall Street opened, rising to 0.9310 but failing to hold gains above the crucial round number of 0.9300 and retreated. The US Dollar lost the majority of the gains, falling to 0.9275 ending the day circa 0.9280, a nominal gain of 0.05% on the day.
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2012-01-25 00:30 GMT | Australia Consumer Price Index (YoY) (Q4)
2012-01-25 09:30 GMT | United Kingdom Bank of England Minutes
2012-01-25 09:30 GMT | United Kingdom BBA Mortgage Approvals (Dec)
2012-01-25 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q4) Preliminar
2012-01-25 03:17 GMT | EUR/JPY hits one-month high, 101.80 next resistance
2012-01-25 00:40 GMT | Australia: CPI rose 3.1% through the year to the December quarter, weaker than expected
2012-01-25 00:31 GMT | Australia Consumer Price Index (QoQ) 0% in 4Q
2012-01-25 00:06 GMT | Japan: Logs trade deficit for 2011, first in a generation
EURUSD 1.30250 / 1.30256
DAILY WEEKLY MONTHLY
High: 1.30469 | Low: 1.30155 | Chg: -0.0011 -0.08%
1.3267 | 1.3218 | 1.3132 | 1.3053
1.2953 | 1.2874 | 1.2838 | 1.2807
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : oversold
MARKET ANALYSIS - Intraday Analysis
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GBPUSD 1.55894 / 1.55906
DAILY WEEKLY MONTHLY
High: 1.56274 | Low: 1.55877 | Chg: -0.0035 -0.23%
1.5715 | 1.5698 | 1.5668 | 1.5627
1.5564 | 1.5515 | 1.5449 | 1.5407
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : oversold
MARKET ANALYSIS - Intraday Analysis
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USDJPY 77.936 / 77.938
DAILY WEEKLY MONTHLY
High: 77.979 | Low: 77.615 | Chg: 0.272 0.35%
79.92 | 79.60 | 78.87 | 78.28
77.55 | 77.12 | 76.54 | 76.08
SUMMARY : up
TREND : up trend
MA10: Bullish
MA20: bullish
STOCHASTIC : overbought
MARKET ANALYSIS - Intraday Analysis
Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/25012012
Daily Forex Market by FXCC 26Jan2012
Daily Forex Market by FXCC 26Jan2012
MARKET OVERVIEW – JANUARY 26 2012
Cable continues it's eighth day of gains
The dollar traded at $1.3112 per euro as of 8:31 a.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21. Japan’s currency dropped to 101.98 yen per euro, the weakest since Dec. 26, before trading little changed at 101.93. The yen was at 77.76 per dollar from 77.78 yesterday, when it reached 78.28, the weakest since Nov. 29. GBP/USD traded in a wide range between circa 1.5525 and 1.5780 during Wednesday's sessions, ending trade in New York at 1.5654 reaching an eighth successive positive day, 0.20% higher on the day.
New Zealand’s dollar traded little changed at 81.69 U.S. cents and 63.48 yen. Australia’s dollar fetched $1.0601 from $1.0597. It traded at 82.39 yen from 82.43 yen. Canada’s currency, nicknamed the loonie, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time, the strongest level on a closing basis since Oct. 31. The currency earlier dropped as much as 0.6 percent. One Canadian dollar purchases 99.57 U.S. cents.
UPCOMING EVENTS
2012-01-26 07:00 GMT | Germany Gfk Consumer Confidence Survey (Feb)
2012-01-26 08:30 GMT | Italy Consumer Confidence (Jan)
2012-01-26 10:00 GMT | Italy Wage Inflation (YoY) (Dec)
2012-01-26 11:00 GMT | United Kingdom CBI Distributive Trades Survey - Realized (MoM) (Jan)
FOREX NEWS
2012-01-26 05:21 GMT | EUR/USD frozen above 1.3100 in Asia
2012-01-26 02:04 GMT | EUR/JPY poised to test 102.50
2012-01-26 02:04 GMT | USD/CHF consolidating above 0.9200
2012-01-26 02:03 GMT | GBP/USD steady around 1.5650 in early Asia
EURUSD 1.31184 / 1.31190
High: 1.31335 | Low: 1.30901 | Chg: 0.0013 0.1%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought
Resistance Levels: 1.3319 | 1.3287 | 1.3268 | 1.3204
Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813
Intraday Analysis: After the pair formed a bottom at 1.2930 –Fibonacci 23.6%, the EURUSD was able to break above yesterday’s resistance at 1.3050 (S1) and we now expect the price to find a strong resistance around 1.3150 – September low. A break above the 1.3150 level would suggest a target of 1.3204 (R1). On the other hand if the price fails to break above 1.3150, we can expect the pair to retest 1.3050 (S1). If we consider that the price is forming a top at the current level or the top is around 1.3150 then we should expect a correction downwards and then the continuation of the uptrend.
GBPUSD 1.56637 / 1.56646
High: 1.56755 | Low: 1.56481 | Chg: 0.0007 0.05%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral
Resistance Levels: 1.5881 | 1.5775 | 1.5715 | 1.5680
Support Levels: 1.5627 | 1.5552 | 1.5515 | 1.5449
Intraday Analysis: GBPUSD is forming higher bottoms and is now moving towards 1.5680 (R1) to retest that level again, as it is considered a technical and psychological resistance level for the bears. A break above that level will concentrate our focus at 1.5715 (R2). On the downside, if the price declines below 1.5627 (S1) we can expect the price to retest 1.5552 (S2) and then to bounce upwards for a continuation of the uptrend (intraday).
USDJPY 77.532 / 77.537
High: 77.807 | Low: 77.522 | Chg: -0.246 -0.32%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral
Resistance Levels: 79.86 | 79.21 | 78.75 | 78.28
Support Levels: 77.34 | 76.54 | 75.98 | 75.58
Intraday Analysis: USDJPY made a sharp move upwards and formed a top at 78.28 (R1) and then fell and was supported at 77.53. It now seems that it is going to retest our first support level at 77.34 (S1). If it breaks below that level, we can expect the price to retest our second support at 76.54 (S2). As we mentioned in yesterday’s analysis, a break above 77.28 (R1) brings the possibility of a trend reversal into play. As long as the pair remains below that level, the price remains trapped in a trading range on the daily timeframe and a downtrend on the weekly.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/26012012
Daily Forex Market by FXCC 27Jan2012
Daily Forex Market by FXCC 27Jan2012
MARKET OVERVIEW – JANUARY 27 2012
The dollar heads for a weekly decline
The dollar bought $1.3100 per euro as of 8:57 a.m. Tokyo time from $1.3109 Thursday. It yesterday dropped as low as $1.3184 per euro, the weakest level printed since Dec. 21. The greenback was little changed at 77.48 yen. The 17-nation euro fetched 101.50 yen from 101.53, following a 0.4 percent slide yesterday. The U.S. currency has weakened 1.3 percent versus the euro this week. It has appreciated 0.6 percent versus the yen since Jan. 20. The Euro retreated versus sterling after hitting at 0.8398, which was the strongest level seen in 4 weeks. The EUR/GBP dropped from the highs to 0.8347, a new daily low, during the American session. The US Dollar gained momentum across the board versus its major peers as Wall Street turned lower later in the NY session due to bank equities sliding. GBP/USD previously above 1.5700, lost strength retreating to 1.5685. USD/CHF bottomed on Wall Street opening at 0.9155, this was the lowest price witnessed since December 2, the pair moved off session lows later in the session. The recovery of the US Dollar found resistance at 0.9185/90
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UPCOMING EVENTS
2012-01-27 08:00 GMT | Spain Retail Sales (YoY) (Dec)
2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (3m) (Dec)
2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (YoY) (Dec)
2012-01-27 10:30 GMT | Switzerland KOF Leading Indicator (Jan)
FOREX NEWS
2012-01-27 05:20 GMT | EUR/JPY drops below 101.00 on general JPY buying interest
2012-01-27 04:01 GMT | EUR/JPY sneaks lower; 102.00 blocks rally scope
2012-01-27 00:27 GMT | Japan Retail Trade s.a (MoM) -0.4% in Dec
2012-01-27 00:04 GMT | BoJ to continue expansion of asset buying
EURUSD 1.31011 / 1.31016
High: 1.31193 | Low: 1.30775 | Chg: -0.0007 -0.05%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral
Resistance Levels: 1.3311 | 1.3268 | 1.3218 | 1.3185
Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813
Intraday Analysis: The EURUSD formed a top at 1.3185 (R1) and as mentioned in yesterday’s analysis we expect the price to make a correction downwards and then to continue its upward move. We expect the price to test 1.3050 (S1) a strong technical support level for the intraday, and then to bounce upwards towards 1.3185 (R1). A break above the 1.3185 level would suggest a target of 1.3218 (R2). Look for long positions around our support levels targeting 1.3218 (R2).
GBPUSD 1.56865 / 1.56875
High: 1.56955 | Low: 1.56612 | Chg: -0.0002 -0.01%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral
Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5735
Support Levels: 1.5621 | 1.5552 | 1.5449 | 1.5407
Intraday Analysis: GBPUSD made a high at 1.5735 (R1) as it continued its move upwards (since January 13th). We expect the price to retest 1.5621 (S1) and then to bounce upwards towards our first resistance level of 1.5735 (R1). A break above that level will concentrate our focus on 1.5775 (R2) a technical and psychological level as it has been retested 3 times in the past (November and December of 2011) and is considered a strong resistance level.
USDJPY 77.130 / 77.134
High: 77.483 | Low: 76.897 | Chg: -0.315 -0.41%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral
Resistance Levels: 79.86 | 78.75 | 78.28 | 77.85
Support Levels: 76.87 | 76.54 | 76.06 | 75.54
Intraday Analysis: USDJPY made a sharp move downwards this morning and confirmed our recommendations for short positions and also for a continuation of the downtrend. We except the price to continue its downward move as it is under bearish pressure at the moment and it seems to be heading towards 76.54 (S2) and 76.06 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 76.87 (S1). A stop loss should be placed above 77.85(R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/27012012
Daily Forex Market by FXCC 30Jan2012
Daily Forex Market by FXCC 30Jan2012
MARKET OVERVIEW – JANUARY 30 2012
Be mindful of SNB moves on the Swiss franc this coming week
The euro traded at $1.3213 as of 8:40 a.m. in Tokyo from $1.3220 on Jan. 27 in New York. It strengthened 2.2 percent against the dollar last week. It reached a low of circa 13190.5 in early trading. The common currency was little changed at 101.130 yen, following a 0.1 percent drop on Jan. 27. The dollar fetched 76.74 yen from 76.70. EUR/CHF is now quoted around its session high of 1.2065, up from an earlier low of 1.2058 and up 0.05% so far on the day. GBP/USD has traded in a tight range of 1.5710-35 in Asia, last at circa 1.5720, down approx. 0.08% so far today.
AUD/USD is virtually unchanged in early Asia-Pacific trade, holding slightly below the multi-month high of 1.0685, the pair is last quoted at 1.0610 after opening below past Friday’s closing price of 1.0637.
UPCOMING EVENTS
2012-01-30 All day | European Monetary Union EU Economic Summit
2012-01-30 | Germany Consumer Price Index (YoY) (Jan) Preliminar
2012-01-30 | Germany Consumer Price Index (MoM) (Jan) Preliminar
2012-01-30 08:00 GMT | Spain - Gross Domestic Product (QoQ) (Q4)
FOREX NEWS
2012-01-27 05:54 GMT | EUR/JPY dips to 101.00
2012-01-27 05:32 GMT | EUR/USD below 1.3200 in Asia
2012-01-27 01:39 GMT | Aussie struggling to hold above 1.0600 in Asia-Pacific
2012-01-27 00:49 GMT | USD/JPY recovering from oversold levels
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EURUSD 1.31532 / 1.31539
High: 1.32241 | Low: 1.31487 | Chg: -0.0065 -0.49%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold
Resistance Levels: 1.3388 | 1.33311 | 1.3268 | 1.3223
Support Levels: 1.3093 | 1.3050 | 1.2952 | 1.2877
Intraday Analysis: The EURUSD continued to rise from 1.3093 (S1) and reached a high this morning at 1.3223 (R1). Following that we can see now that the price is heading for a correction towards the second support level at 1.3050 (S2). A break below that level will be suggesting target at 1.2952(S3). On the other hand, If the price will have enough momentum we can expect a rise and retest towards 1.3223 (R1) and break above that level will be suggesting target at 1.3268 (R2).
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GBPUSD 1.56816 / 1.56828
High: 1.57309 | Low: 1.56781 | Chg: -0.0044 -0.28%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold
Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5741
Support Levels: 1.5621 | 1.5552 | 1.5515 | 1.5449
Intraday Analysis: GBPUSD broke above 1.5621 (S1) level and formed a top at 1.5741 (R1). It now seems to be heading towards the first support level 1.5621 for a retest. A break below that level would suggest a target of 1.5552 (S2) and a further decline will then focus on the next target at 1.5515 (S3). On the upside, if the price rebounds from the first support level we can expect retesting of 1.5741 (R1), a technical and psychological level. A further rise will then bring focus to the next resistance level at 1.5775 (R2). Look for short positions with a stop loss above 1.5741 (R1) as we expect the pair to move downwards.
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USDJPY 76.686 / 76.691
High: 76.775 | Low: 76.652 | Chg: -0.015 -0.02%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral
Resistance Levels: 79.86 | 78.75 | 78.28 | 77.28
Support Levels: 76.53 | 76.06 | 75054 | 75.04
Intraday Analysis: USDJPY fell sharply and formed a strong support level close to 76.53 (S1) .A break below that level we suggest further decline towards 76.06 (S2). On the other hand if the price manages to stay above our first support level of 76.53(S1) then the expected target is at 77.28 (R1). Our recommendation for today is long positions with a stop loss below 76.53 (S1)- (-35 pips).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/30012012