Update - Daily Technical Levels from FXCC - page 22
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Daily Forex Market by FXCC 17Apr2012
Daily Forex Market by FXCC 17Apr2012
Forex: EUR/USD holding above 1.3100 ahead of German ZEW
EUR/USD is currently bouncing at 1.3122 from session lows at 1.3106 following RBA minutes and worse than expected foreigners investment figures in China for the 5th consecutive month, following a -6% for the month of March. The pair retraces from yesterday's highs at 1.3148, and higher from yesterday's and 8-week lows at 1.2994. The London session ahead will be a busy one according to EUR macro data related being released, including German ZEW economic sentiment survey and EU CPI figures both at 09:00 GMT. Earlier at 08:30 GMT will take place the Spanish short term sovereign debt auction, according to Bloomberg, which will focus market's attention. Later at 12:30 GMT ECB's chairman Mario Draghi will give a speech at a conference in Frankfurt.
After operating in consolidation mode for over 6 days, the EUR/GBP pair finally broke lower overnight to fresh 2012 lows, touching 0.8208 before regaining the upside to close on Monday at 0.8263, ending 0.2% above past Friday’s close. USD/CAD is currently at 1.0003, marginally higher from yesterday's weekly open in Asia-Pacific, climbing from Friday's lows 0.9926, and retracing from yesterday's highs 1.0030. The pair is trading at the upper bound of a price range has been into since late January this year, reaching as low as 0.9842 by March 01 since then.
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https://support.fxcc.com/email/technical/17042012/
UPCOMING EVENTS
2012-04-17 08:00 GMT | United Kingdom Consumer Price Index (YoY) (Mar)
2012-04-17 09:00 GMT | EU - Consumer Price Index (YoY) (Mar)
2012-04-17 09:00 GMT | EU - Consumer Price Index - Core (YoY) (Mar)
2012-04-17 12:30 GMT | European Monetary Union ECB President Draghi's Speech
FOREX NEWS
2012-04-17 05:00 GMT | Japan Mar Consumer Confidence Index increase to 40.3
2012-04-17 03:52 GMT | Forex: EUR/GBP trades down to 0.8250
2012-04-17 01:40 GMT | RBA Minutes: CPI Q1 to dictate case for easier policies
2012-04-17 01:32 GMT | Australia Mar New Motor Vehicle Sales increase to 4%
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EURUSD 1.31103 / 1.31106
DAILY WEEKLY MONTHLY
1.3313 | 1.3257 | 1.3214 | 1.3147
1.3047 | 1.3000 | 1.2951 | 1.2913
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
After the EURUSD formed a bottom at 1.3000 (S2) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3147 (R1). If it breaks above that level we can expect a target at 1.3214 (R2). On the other hand if a break occurs below the first support at 1.3047 (S1) expect the price to retest 1.3000 (S2) a strong technical and psychological level for the bulls.
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GBPUSD 1.58729 / 1.58741
DAILY WEEKLY MONTHLY
1.6088 | 1.6042 | 1.5984 | 1.5909
1.5858 | 1.5804 | 1.5764 | 1.5706
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a sharp move upwards and broke above yesterday’s resistance level forming a new top at 1.5909 (R1). A break above that level would suggest a target at 5984 (R2) a strong technical and psychological level. On the other hand if the price manages to hold below 1.5909 we expect a retest of the first support level at 1.5858 (S1). A break below that level will suggest target at 1.5804 (S2).
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USDJPY 80.417 / 80.422
DAILY WEEKLY MONTHLY
82.43 | 81.82 | 81.20 | 80.73
80.29 | 79.57 | 79.13 | 78.67
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 80.29 (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 80.29 targeting 79.57 (S2). A stop loss should be placed at 80.73 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 18Apr2012
Daily Forex Market by FXCC 18Apr2012
EUR/USD unchanged above 1.3120
EUR/USD kept during the Asian trade with its tight range since late Monday in NY, showing no change today from yesterday's open in Asia-Pacific, trading at 1.3123 as last, with a session high at 1.3140, and a low at 1.3109. Risk appetite also had another round in the local share markets, with Nikkei higher by +1.81% despite the bad Chinese housing data coming out, and gold also on the rise above $1650. Yen selling was the way to go today in the Asian trade. For the London session ahead everybody will be waiting for tomorrow's 10 year Spanish bond auction, as for today's agenda there will only be two significant risk events EUR related during the European morning, current account for the EU
The AUD/USD has slipped below 1.0400 after a collection of Aussie negative news coming down the pipe just as the HK market prints its first ticks. The pair has failed to break yesterday's high at 1.0415, pulling back to current 1.0396 level.
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UPCOMING EVENTS
2012-04-18 08:00 GMT | European Monetary Union Current Account s.a (Feb)
2012-04-18 08:30 GMT | United Kingdom Bank of England Minutes
2012-04-18 08:30 GMT | United Kingdom ILO Unemployment Rate (3M) (Apr)
2012-04-18 08:30 GMT | United Kingdom Claimant Count Change (Mar)
FOREX NEWS
2012-04-18 04:31 GMT | GBP/USD in trendless period ahead of BoE Minutes
2012-04-18 04:24 GMT | EUR/USD unchanged above 1.3120
2012-04-18 00:31 GMT | Australia Feb Conference Board Australia Leading Index 0.2%
2012-04-18 00:15 GMT | USD/JPY pushes above 81.00
--------------
EURUSD : 1.31177 / 1.31178
DAILY WEEKLY MONTHLY
1.3313 | 1.3257 | 1.3214 | 1.3153
1.3090 | 1.3047 | 1.3000 | 1.2953
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD didn’t made any significant moves yesterday as it traded in a consolidation mode between the 1.3090 (S1) and 1.3153 (R1) levels. A break below 1.3090 would suggest a target of 1.3047 (S2) and further fall will then focus on 1.3000 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) we expect the price to retest 1.3153 (R1) and a break above that level will concentrate our focus on 1.3214 (R2).
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GBPUSD : 1.59288 / 1.59302
DAILY WEEKLY MONTHLY
1.6088 | 1.6048 | 1.5984 | 1.5951
1.5909 | 1.5858 | 1.5819 | 1.5763
SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD formed a top on yesterday’s trading session at 1.5970 and then fell forming a low just above first support level at 1.5920. Now it seems it is moving away from 1.5909 (S1) to retest the resistance levels. A break above 1.5951 (R1) would suggest a target of 1.5984 (R2) and a further rise will then focus on the next target at 1.6048 (R3). On the downside, if the price breaks below the first support level of 1.5909 (S1) we can expect retesting of 1.5858 (S2). A further decline will then bring focus to the next support level at 1.5819 (S3).
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USDJPY : 81.379 / 81.383
DAILY WEEKLY MONTHLY
83.31 | 82.98 | 82.43 | 81.82
81.13 | 80.73 | 80.29 | 79.88
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY made a sharp move upwards this morning and successfully broke above yesterday’s resistance level. Only a break above 81.82 (R1) will confirm our long positions targeting our resistance levels. A stop loss should be placed at 80.73 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 20Apr2012
Daily Forex Market by FXCC 20Apr2012
EUR/USD capped below 1.3150 ahead of German IFO business climate
EUR/USD kept on tightening its trading range once again during the Asia-Pacífic session in the last trading day of the week in the region, last at 1.3145, with session highs at 1.3154 and lows at 1.3128. Daily 14 ATR volatility indicator shows a record low reading since early December last year, indicative of the very thin range the pair has trade within this week, ahead of a pretty bussy next week. Local share markets trade with no exception in the red with Nikkei down by -0.39%. The London session ahead has a main risk even in the form of German Ifo Business Climate index, expected to come in line with previous, which will set the pace for EUR/USD at 08:00 GMT, till next key risk event follows thru at 12:30 GMT in the form of US CPI figures. IMF and G20 meetings also start today, with French first round elections to take place Sunday, and Sarkozy starting to feel the pain in the polls.
The EUR/AUD cross has touched a fresh 7-day high of 1.2736 this Friday in Asia, largely on the back of Aussie weakness after the export price index fell 7.0% in the first quarter versus expectations of a 0.2% decline, adding to views that Australia’s terms of trade are poised to cool in the months ahead. The pair is now at 1.2730 vs. 1.2714 late Thursday in New York, recording a modest 0.1% gain on the day, amid a relatively quiet session in FX. AUD/USD trades at 1.0320 vs 1.0322 before the release.
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UPCOMING EVENTS
2012-04-20 08:00 GMT | Germany IFO - Business Climate (Apr)
2012-04-20 08:00 GMT | Germany IFO - Current Assessment (Apr)
2012-04-20 08:30 GMT | United Kingdom Retail Sales (YoY) (Mar)
2012-04-20 08:30 GMT | United Kingdom Retail Sales ex-Fuel (YoY) (Mar)
FOREX NEWS
2012-04-20 04:22 GMT | GBP/USD trades quietly ahead of UK Retail Sales
2012-04-20 01:31 GMT | Australia Export Price Index (QoQ) -7% in 1Q
2012-04-20 01:30 GMT | Australia Import Price Index (QoQ) -1.2% in 1Q
2012-04-20 01:04 GMT | USD/JPY at weekly highs, resistance at 81.80
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EURUSD 1.31530 / 1.31534
DAILY WEEKLY MONTHLY
1.3314 | 1.3269 | 1.3214 | 1.3153
1.3057 | 1.3000 | 1.2957 | 1.2905
SUMMARY : Neutral
TREND : Neutral
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD didn’t made any significant moves yesterday as it traded in a trading range between 1.3153 (R1) and 1.3057 (S1) level. The only difference from the last trading session is that the pair is moving just below the first resistance level. We remain flat on EURUSD until we see a clear break out and in which direction it will move to develop an uptrend or a downtrend with more reliable support and resistance levels. No position.
GBPUSD : 1.60647 / 1.60658
DAILY WEEKLY MONTHLY
1.6245 | 1.6178 | 1.6129 | 1.6072
1.6009 | 1.5963 | 1.5909 | 1.5858
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD formed a top on yesterday’s session at 1.6072 (R1) and then fell forming a new low at 1.6009. Now it seems it is moving away from this level to retest the resistance levels. A break above 1.6072 (R1) would suggest a target of 1.6129 (R2) and a further rise will then focus on the next target at 1.6178 (R3). On the downside, if the price breaks below the first support level of 1.6009 (S1) we can expect retesting of 1.5963 (S2). A further decline will then bring focus to the next support level at 1.5909(S3).
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USDJPY : 81.536 / 81.538
DAILY WEEKLY MONTHLY
82.67 | 82.13 | 81.87 | 81.69
81.39 | 81.13 | 80.73 | 80.29
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY fell from 81.75 and formed a lower top at 81.69(R1) after which the price rebounded from 81.39 (S1). A break above the first resistance level of 81.69 (R1) would suggest a target of 82.13 (R3). If the price holds its momentum on the upside we can expect a further rise towards 82.67 (R4). On the other hand, if the price does not manage to break above 81.69 (S1) we can expect the pair to retest support at 81.39 (S1) and a further fall will be limited to 81.13 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 23Apr2012
Daily Forex Market by FXCC 23Apr2012
EUR/USD steady below 1.3200
EUR/USD has been around the 1.3200 round mark up and down during Asian session, last at 1.3194, printing session lows at 1.3177 and highs at 1.3209, slightly below Friday's close. Local share markets trade in the red overall, with Nikkei index down by -0.19%. For the London session ahead not many big risk events Euro related will come out but PMI figures, first French one at 07:00 GMT, followed by Germany one half hour later, and EU manufacturing PMI at 08:00 GMT, all of them expected to come slightly better than previous.
Investors are fleeing the Australian Dollar through the Asian session on a lower-than-expected Australian PPI print, which came at +1.4 YoY, -0.3 QoQ actual against 2.2%, 0.4% consensus, respectively. The Australian Dollar had been trading sluggish in the lead-up to the event as equity markets turned from flat to red territory despite last Friday's risk appetite mood. The results make the case for an RBA rate cut in the next policy meeting even more likely now.
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UPCOMING EVENTS
2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Manufacturing (Apr)
2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Services (Apr)
2012-04-23 08:00 GMT | EU - Purchasing Manager Index Manufacturing (Apr)
2012-04-23 08:00 GMT | EU - Purchasing Manager Index Services (Apr)
FOREX NEWS
2012-04-23 05:03 GMT | Japan: Coincident Index (Feb): 95
2012-04-23 01:43 GMT | AUD/USD declines on Australia PPI data
2012-04-23 01:31 GMT | Australia 1Q Producer Price Index (QoQ) -0.3%
2012-04-23 01:30 GMT | Australia 1Q Producer Price Index (YoY) 1.4%
----------------
EURUSD : 1.31897 / 1.31904
DAILY WEEKLY MONTHLY
1.3367 | 1.3313 | 1.3269 | 1.3214
1.3153 | 1.3102 | 1.3057 | 1.3000
SUMMARY :
TREND : Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD gained momentum in Friday’s session and formed a higher bottom and top, successfully penetrating Friday's resistance level. After that the price found a strong resistance at 1.3214 (R1) a strong technical level. We expect the price to move upwards but only a break above 1.3214 (R1) will give as a confirmation for long positions targeting 1.3269(R2) and further rise will then be limited at 1.3313 (R3). A stop loss should be placed above 1.3153 (S1).
---------------
GBPUSD : 1.61166 / 1.61178
DAILY WEEKLY MONTHLY
1.6291 | 1.6247 | 1.6189 | 1.6143
1.6078 | 1.6009 | 1.5963 | 1.5909
SUMMARY :
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a sharp move upwards and successfully broke above Fridays’s resistance level continuing the upward move. As long as it is above our first support level 1.6078 (S1), we can look for long positions targeting 1.6247 (S3). A stop loss should be placed at 1.6009 (S2) but the most conservative and tactical traders can hold and wait for the break above 1.6143 (R1) to open their long positions.
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USDJPY : 81.286 / 81.292
DAILY WEEKLY MONTHLY
83.43 | 82.89 | 82.34 | 81.77
81.20 | 80.73 | 80.29 | 79.61
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY fell from 81.77 (R1) and formed a lower bottom at 81.25 after which the price rebounded from from that level. A break above the first resistance level of 81.77 (R1) would suggest a target and retest of 82.34 (R2). If the price holds its momentum on the upside we can expect a further rise towards 82.89 (R3). On the other hand, if the price does not manage to break above 81.77 (R1) we can expect the pair to retest support at 81.20 (S1) and a break below that level would suggest target at 80.73 (S2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 24Apr2012
Daily Forex Market by FXCC 24Apr2012
EUR/USD quiet in Asia despite markets turmoil; holds above 1.3150
EUR/USD is quietly trading within a descending tight channel of less than 20 pips wide 1.3145/57 since NY close, last at 1.3152, despite big moves in Aussie and Yen in Asia-Pacífic trade. EUR/AUD is currently printing fresh 2-week highs at 1.2822 after much lower than expected Aus 1Q CPI showed a 0.1% increase while some +0.6% was expected, which opens the RBA doors for a rate cut next meeting May 1st. Local share markets are trading overall deep in the red. London session ahead brings a relatively quiet agenda in EUR macro data related with only EU industrial new orders at 09:00 GMT, though several sovereign debt auctions will take place, including short term Spanish one and longer term Italy and Netherlands from 08:00 to 09:00 GMT. Market will test Netherlands yields after recent government debacle.
AUD/USD has come under a new round of selling pressure on risk-off flows after soft consumer inflation data from down under, which has reinforced the case for a 25 basis point interest rate cut by the RBA at its meeting next week, and a possible 50 basis point rate cut over the next few months. The pair has pushed to a fresh 2-week low of 1.0246, down 0.7% from 1.0318 late Monday in New York.
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https://support.fxcc.com/email/technical/24042012/
UPCOMING EVENTS
2012-04-24 07:30 GMT | Sweden Unemployment Rate (Mar)
2012-04-24 08:30 GMT | United Kingdom Public Sector Net Borrowing (Mar)
2012-04-24 09:00 GMT | Italy Wage Inflation (MoM) (Mar)
2012-04-24 09:00 GMT | Italy Wage Inflation (YoY) (Mar)
FOREX NEWS
2012-04-24 03:50 GMT | AUD/USD slides below 1.0250
2012-04-24 01:31 GMT | Australia 1Q Consumer Price Index (QoQ) 0.1%
2012-04-24 01:30 GMT | Australia 1Q Consumer Price Index (YoY) 1.6%
2012-04-24 00:14 GMT | China’s banks may find it harder to raise capital
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EURUSD : 1.31561 / 1.31568
DAILY WEEKLY MONTHLY
1.3351 | 1.3287 | 1.3226 | 1.3181
1.3118 | 1.3057 | 1.3000 | 1.2957
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD fell sharply and formed a strong support level close to 1.3100. Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 1.3181 level. A break above that level we suggest further rise towards 1.3226 (R2) and further rise will then focus on next target at 1.3287 (R3). On the other hand if the price manages to stay below our first resistance level of 1.3181 (R1) then we expect the price to retest 1.3118 (S1) and a break below that level then the expected target is at 1.3057 (S2).
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GBPUSD : 1.61229 / 1.61241
DAILY WEEKLY MONTHLY
1.6291 | 1.6249 | 1.6187 | 1.6143
1.6078 | 1.6009 | 1.5963 | 1.5909
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 1.6078 (S1) and 1.6143 (R1) levels. A break below 1.6078 would suggest a target at 1.6009 (S2) and further fall will then focus on 1.5963 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.6143 (R1) and a break above that level will concentrate our focus on 1.6187 (R2).
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USDJPY : 80.883 / 80.887
DAILY WEEKLY MONTHLY
82.89 | 82.41 | 81.77 | 81.20
80.73 | 80.29 | 79.57 | 79.13
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
USDJPY continued to move downwards from 81.77, forming a new low above 80.73 (S1) this morning. A break below that level would suggest target at 80.29 (S2) and further fall will then focus on 79.57 (S3). Look for short positions in today’s trading session, as this is supported by the fact that both of our Moving Averages are turned bearish and are proving a strong resistance to the price. 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)
Daily Forex Market by FXCC 25Apr2012
Daily Forex Market by FXCC 25Apr2012
EUR/USD around 1.3200 ahead of FOMC
EUR/USD keeps struggling around 1.3200 mark last at 1.3196, trading a tight range during Asian session, with highs at 1.3207, and lows at 1.3191. The pair has not moved much since yesterday's NY open, closing the gap lower with which opened Monday with yesterday's highs at 1.3220 ahead of today's FOMC at 16:30 GMT and further economic projections and press conference at 18:00-18:15 GMT. The London session ahead will also bring ECB chairman Mario Draghi testifying before European Parliament's Economic and Monetary Committee in Brussels at 07:00 GMT, German 30 year bond auction at 09:00 GMT, and UK GDP at 08:30 GMT which could have an impact on EUR/GBP.
USD/JPY’s overnight bounce from 80.84 has extended above the 81.50 price zone in quiet Asia-Pacific trading, having touched a session high of 81.55 as the market holds a bullish tone ahead of the BOJ meeting on Friday.
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https://support.fxcc.com/email/technical/25042012/
UPCOMING EVENTS
2012-04-25 08:30 GMT | United KingdomGross Domestic Product (QoQ) (Q1)
2012-04-25 08:30 GMT | United KingdomGross Domestic Product (YoY) (Q1)
2012-04-25 12:30 GMT | United States Durable Goods Orders (Mar)
2012-04-25 12:30 GMT | United StatesDurable Goods Orders ex Transportation (Mar)
FOREX NEWS
2012-04-25 04:42 GMT | GBP/USD within 20-pip margin; UK GDP eyed
2012-04-25 04:23 GMT | EUR/USD around 1.3200 ahead of FOMC
2012-04-25 00:49 GMT | AUD/USD bracketed between 1.0310/40
2012-04-25 00:11 GMT | USD/JPY pushes up to 81.50
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EURUSD 1.31950 / 1.31952
DAILY WEEKLY MONTHLY
1.3389 | 1.3351 | 1.3287 | 1.3226
1.3180 | 1.3118 | 1.3057 | 1.3000
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD has been moving upwards since the middle of April and the bulls face a major hurdle at the 1.3226 level (resistance), a level that is significant both, psychologically and technically. A break above 1.3226 (R1) would suggest a target at 1.3287 (R2) and further rise will then be limited to 1.3351 (R3). On the other hand if the price manages to stay below our first resistance level then we expect the price to retest 1.3180 (S1) and if a break occurs below that level the expected target is at 1.3118 (S2).
-----------------
GBPUSD : 1.61424 / 1.61433
DAILY WEEKLY MONTHLY
1.6291 | 1.6249 | 1.6187 | 1.6164
1.6078 | 1.6009 | 1.5963 | 1.5909
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutra
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD didn’t make any significant moves in yesterday’s trading session apart from a false break out above 1.6150. Following that the price fell and trapped in a trading range between yesterday’s current support and resistance levels. Our recommendation for today’s trading session is no position until we see a clearer trend direction. No position.
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USDJPY : 81.371 / 81.376
DAILY WEEKLY MONTHLY
83.57 | 82.89 | 82.41 | 81.77
81.20 | 80.85 | 80.29 | 79.57
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY moved upwards and broke above yesterday’s support level closing around to 81.60, just below our first resistance. A break above 81.77 (R1) will confirm our long positions targeting 82.41 (R2). On the other hand a break below 81.20 (S1) would suggest a target at 80.29 (S3).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 26Apr2012
Daily Forex Market by FXCC 26Apr2012
EUR/USD holds steady ahead of EZ, Germany data
EUR/USD has traded a very limited range in Asia between 1.3215 and 1.3232, hovering below its 3-week high after the dollar took a recent hit on USD-negative comments from the Fed, in particular, that the central bank stands ready to use additional measures (more QE) if necessary, which fueled a broad greenback selloff. In the European session ahead, the risk focus for EUR will be Euro-zone consumer confidence data along with Euro-zone economic and industrial confidence data for April, due for release at 09:00 GMT. A few hours later, at 12:30 GMT, German CPI figures are to be published, with economists anticipating a +2.0% reading in the year to April.
EUR/JPY extended its bounce from the 50% retracement of the 104.60/107.98 upswing in overnight trading, reaching the 107.65 price zone before closing at 107.50. So far in Asia, the pair is edging lower, on the verge of losing all of the previous day’s gains, last at 107.33.
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UPCOMING EVENTS
2012-04-26 08:30 GMT | United Kingdom BBA Mortgage Approvals (Mar)
2012-04-26 09:00 GMT | European Monetary Union Consumer Confidence (Apr)
2012-04-26 09:00 GMT | European Monetary Union Economic Confidence (Apr)
2012-04-26 12:30 GMT | Germany Consumer Price Index (YoY) (Apr) Preliminar
FOREX NEWS
2012-04-26 04:57 GMT | GBP/USD consolidating recent gains ahead of Europe
2012-04-26 04:32 GMT | Japan Feb All Industry Activity Index (MoM) improves to -0.1% vs -1%
2012-04-26 03:26 GMT | EUR/JPY correcting lower
2012-04-26 01:24 GMT | EUR/USD trading at 3-week highs
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EURUSD 1.32246 / 1.32251
DAILY WEEKLY MONTHLY
1.3391 | 1.3341 | 1.3275 | 1.3234
1.3180 | 1.3118 | 1.3057 | 1.3000
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
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 1.3180 will confirm our short positions targeting 1.3118 (S2) and a further fall will be limited to 1.3057 (S3). On the other hand, if the pair breaks above the first resistance level of 1.3234 (R1), we would expect the price to retest 1.3275 (R2) and a further rise will then focus at 1.3341(R3).
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GBPUSD : 1.61712 / 1.61721
DAILY WEEKLY MONTHLY
1.6351 | 1.6292 | 1.6247 | 1.6183
1.6078 | 1.6009 | 1.5963 | 1.5909
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD made a high at 1.6183(R2) as it continued its move upwards since middle of April. A break above 1.6183 (R1) would suggest target at 1.6247 (R2) and further rise will then be limited at 1.6292 (R3). On the other hand a break below 1.6078 (S1) would suggest target at 1.6009(S2) and further fall will then be limited at 1.5963 (S3).
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USDJPY : 81.177 / 81.183
DAILY WEEKLY MONTHLY
83.33 | 82.81 | 82.42 | 81.77
80.85 | 80.29 | 79.81 | 79.37
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY released a lot of volatility in yesterday’s trading session moving upwards above 81.50 and then moved downwards breaking below that level touching our support level. After that the price bounced from 81.00 level and moved upwards successfully penetrating our resistance level. It seems that the pair is gaining momentum and is moving towards 81.77. A break above that level would suggest a target at 82.42 (R2) a strong technical level. Look for long positions above 81.77 (R1) targeting 82.42 (R2).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 27Apr2012
Daily Forex Market by FXCC 27Apr2012
EUR/USD quiet around 1.3200
EUR/USD is currently at 1.3203, holding below yesterday's lows, previous to the S&P announcement of the Spanish sovereign debt downgrade two notches from A to BBB+. The pair fell from NY close price around 1.3240 to as low as 1.3178 on the news, recovering from there till current quotes with not much of a move since then, for the last 4 hours moving in a 20 pip range. The session ahead for London shows a moderately soft agenda in terms of EUR data related, with GfK German consumer climate and German import prices on monthly basis at 06:00 GMT, followed by French consumer spending 45 minutes later, and several Spanish minor data coming out along the European morning. Market will also pay attention to Italian bond auctions at 09:00 GMT, in order to find what resulting yields come out from the auctions.
The cross EUR/AUD is currently trading at 1.2717 near a double session low, down from a 3-day move lower started Tuesday at double 1.2835 highs following much worse than expected CPI numbers from Australia. It is down by -0.34% since yesterday's Asia-Pacific opening price
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https://support.fxcc.com/email/technical/27042012/
UPCOMING EVENTS
2012-04-27 08:00 GMT | Italy Retail Sales n.s.a (YoY) (Feb)
2012-04-27 08:00 GMT | Italy Retail Sales s.a. (MoM) (Feb)
2012-04-27 09:00 GMT | Switzerland KOF Leading Indicator (Apr)
2012-04-27 09:00 GMT | Greece Producer Price Index (YoY) (Mar)
FOREX NEWS
2012-04-27 05:07 GMT | Japan: Construction Orders (YoY) (Mar): -0.3%
2012-04-27 04:45 GMT | GBP/USD bracketed between 1.6165/88
2012-04-27 03:47 GMT | Japan BoJ Interest Rate Decision flat at 0.1%
2012-04-27 02:30 GMT | EUR/AUD holds the decline above 1.2700
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EURUSD : 1.31802 / 1.31807
DAILY WEEKLY MONTHLY
1.3398 | 1.3364 | 1.3313 | 1.3262
1.3171 | 1.3118 | 1.3057 | 1.3000
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
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 1.3171 (S1). A break below that level would suggest a target at 1.3118 (S2) and a further fall will focus attention on 1.3057 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.3262 (R1) we expect the price to retest 1.3313 (R2) and any further rise will then be limited to 1.3364.
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GBPUSD : 1.61638 / 1.61648
DAILY WEEKLY MONTHLY
1.6347 | 1.6293 | 1.6267 | 1.6208
1.6134 | 1.6078 | 1.6009 | 1.5963
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 1.6134 (S1) and 1.6208 (R1) levels. A break below 1.6134 would suggest a target at 1.6078 (S2) and further fall will then focus on 1.6009 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.6208 (R1) and a break above that level will concentrate our focus on 1.6267(R3).
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USDJPY : 80.872 / 80.878
DAILY WEEKLY MONTHLY
82.49 | 82.13 | 81.77 | 81.43
80.48 | 80.29 | 79.47 | 79.10
SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY released a lot of volatility in yesterday’s trading session moving upwards above first resistance and then moved downwards breaking below 81.00 touching our yesterday’s support level. Our recommendation for today’s trading session is no position until we get a clearer direction of the trend. No position.
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 30Apr2012
Daily Forex Market by FXCC 30Apr2012
EURUSD trapped in Trading Range
EUR/USD is currently at 1.3249, near the upper bound of the tiny range the pair has traded into this Monday in Asia-Pacific, with main markets Japan and China closed for Golden Week holiday. US and European share markets point for a marginal higher open, according to their futures. For the London session ahead agenda shows German retail sales at 06:00 GMT as EUR macro data related, followed by EU M3 money supply and private loans at 08:00 GMT and CPI figures at 09:00 GMT, as well as short term sovereign debt auctions from France along the European morning.
Despite the Bank of Japan expanded its QE program by JPY5trn to JPY70trn last Friday in Asia, an outcome in line with expectations, the measure seems to have underwhelmed the market, which continues to buy the Yen ignoring the recent aggressive monetary easing.
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https://support.fxcc.com/email/technical/30042012/
UPCOMING EVENTS
2012-04-30 08:00 GMT | European Monetary Union M3 Money Supply (3m) (Mar)
2012-04-30 08:00 GMT | European Monetary Union M3 Money Supply (YoY) (Mar)
2012-04-30 09:00 GMT | European Monetary Union Consumer Price Index (YoY)
2012-04-30 09:00 GMT | Italy Consumer Price Index (YoY) (Apr) Preliminar
FOREX NEWS
2012-04-30 01:31 GMT | Australia Mar Private Sector Credit (YoY) 2.3%
2012-04-30 00:31 GMT | Australia Apr TD Securities Inflation (YoY) 1.9%
2012-04-30 00:30 GMT | Australia TD Securities Inflation (MoM) 0.3% in Apr
2012-04-30 00:30 GMT | GBP/USD quiet near 7-month highs
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EURUSD : 1.32542 / 1.32546
DAILY WEEKLY MONTHLY
1.3423 | 1.3375 | 1.3324 | 1.3269
1.3171 | 1.3118 | 1.3057 | 1.3000
SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
The EURUSD found a strong support at 1.3171 (S1) and moved upwards breaking above our resistance levels. We expect the price to continue its move upwards as this is supported by the fact that both of our Moving Averages are bullish and are providing a strong support just above previous low. Look for long positions at 1.3269 targeting second resistance level at 1.3324 (R2).
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GBPUSD : 1.62849 / 1.62857
DAILY WEEKLY MONTHLY
1.6474 | 1.6424 | 1.6389 | 1.6345
1.6207 | 1.6134 | 1.6078 | 1.6009
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
GBPUSD gained momentum and formed higher bottoms successfully penetrating Friday's resistance levels. We expect the price to continue its upwards move targeting 1.6345 (R1) and further rise will then be limited at 1.6389 (R2).
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USDJPY : 80.124 / 80.129
DAILY WEEKLY MONTHLY
81.77 | 81.43 | 81.04 | 80.65
79.54 | 79.05 | 78.47 | 78.13
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
USDJPY fell sharply and formed a strong support level close to 80.00 level. Look for short positions at current level targeting 79.54 (S1) and further fall will then focus on next support level at 79.05 (S2). A stop loss should be placed at 80.65 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
Daily Forex Market by FXCC 01Mai2012
Daily Forex Market by FXCC 01Mai2012
EUR/AUD back to last week highs above 1.2800
EUR/AUD is shooting up after RBA cut 50pbs to 3.75% sending AUD/USD to fresh 4-day lows now around 1.0340, while EUR/USD is climbing higher now stalling below 1.3260, making the cross reaching the 1.2825 mark. The cross is higher by more than 170 pips in the week or a +1.29% increase, while more than half of that is just from the RBA just released rates. EUR/AUD is stalling ahead of past Tuesday's highs at 1.2836, printing a fresh session high at 1.2825, last at 1.2812 bids. Most countries in Europe will close today on Labor Day holiday, drying up liquidity during London session, with no EUR data related being published.
With Nikkei index open falling again below the 9500 key figure losing some -0.98%, USD/JPY trades at 79.87 off from session highs at 79.93, and bouncing from double intraday low at 79.75 near NY close. Most local markets are closed for holidays, and key risk event China manufacturing PMI will deliver at 01:00 GMT.
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https://support.fxcc.com/email/technical/01052012/
UPCOMING EVENTS :
2012-05-01 07:00 GMT | Denmark Retail Sales (YoY) (Mar)
2012-05-01 08:30 GMT | United Kingdom Purchasing Manager Index Manufacturing (Apr)
2012-05-01 02:00 GMT | United States Construction Spending (MoM) (Mar)
2012-05-01 02:00 GMT | United States ISM Manufacturing (Apr)
FOREX NEWS :
2012-05-01 01:32 GMT | Australia 1Q House Price Index (YoY) -4.5%
2012-05-01 01:30 GMT | Australia House Price Index (QoQ) -1.1% in 1Q
2012-05-01 01:00 GMT | China Apr NBS Manufacturing PMI increase to 53.3
2012-05-01 00:20 GMT | USD/JPY capped below 80.00
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EURUSD : 1.32457 / 1.32462
DAILY WEEKLY MONTHLY
1.3423 | 1.3367 | 1.3313 | 1.3269
1.3208 | 1.3156 | 1.3104 | 1.3057
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The EURUSD formed a top on yesterday’s session at 1.3269 (R1) and then fell forming a new low at 1.3208. Now it seems it is moving away from this level to retest the resistance levels. A break above 1.3269 (R1) would suggest a target of 1.3313 (R2) and a further rise will then focus on the next target at 1.3367 (R3). On the downside, if the price breaks below the first support level of 1.3208 (S1) we can expect retesting of 1.3156 (S2). A further decline will then bring focus to the next support level at 1.3104(S3).
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GBPUSD : 1.62263 / 1.62276
DAILY WEEKLY MONTHLY
1.6481 | 1.6413 | 1.6367 | 1.6301
1.6207 | 1.6134 | 1.6078 | 1.6009
SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
After a successful run since the beginning of April, GBPUSD formed a top in yesterday’s trading session at 1.6301 (R1) and fell creating a support level near 1.6200. Yesterday the price was able to break above the same level (S1), and now is moving downwards for a correction. Our recommendation for today’s trading session is look for long position between 1.6200 and 1.6134 level. A stop loss should be placed at 1.6078 (S3).
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USDJPY : 79.764 / 79.766
DAILY WEEKLY MONTHLY
81.43 | 81.04 | 80.65 | 80.21
79.13 | 78.57 | 78.19 | 77.57
SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
USDJPY fell and penetrated successfully our support levels forming a new low at 79.70. A break below that level would suggest target at 78.57 (S2). Look for short positions targeting second support as both of our Moving Averages turned bearish. A stop loss should be placed at 80.21 (R1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)