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Daily Technical Analysis by FXCC - Page 5

post #81 of 471
Thread Starter 

Daily Forex Market by FXCC 12Mar2012

EUR/USD at 3-week lows in late Asia

EUR/USD is currently at 1.3100 level,right after Japanese confidence data has come out bit worse than expected, pushing USD higher across the board, along with yen, and sending equities lower. The day ahead includes EU Finance Ministers meeting, Germany Wholesale Price Index (Feb) month on month, and year on year, Italy GDP (Q4 final) at 09:00, Greek industrial production at 10.00 and Portugal Trade Balance at 11:00 GMT. GBP/USD traded sideways above the 1.5650 level for the whole of the Asia-Pacific session, having dipped to as low as 1.5656 from its opening price and session high of 1.5674, last at 1.5660. USD/JPY has begun to retreat from recent 11-month highs during the Asian session Monday, having dipped to as low as 82.10 from an earlier session high of 82.51 as the yen jumped slightly against the greenback on risk-off trading, ignoring further easing rumors by the BoJ in tomorrow's policiy meeting.

The aussie dollar is trading below the 1.0600 mark on Monday after China, main destination of Australian exports, has registered a deficit of CYN 31.5bn in the trade balance, below the CYN -4.9 bn expected and down from CYN 27.3 surplus in the previous print. USD/CHF is breaking higher above the 0.9200 level on broad greenback strength following Friday's positive jobs report in the US, peaking at 0.9213 so far in Asia as it extends its rebound from last week's 0.9069 low.
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UPCOMING EVENTS
2012-03-12 09:00 GMT | Italy Gross Domestic Product (YoY) (Q4)
2012-03-12 10:00 GMT | Greece Industrial Production (YoY) (Jan)
2012-03-12 11:00 GMT | Portugal Global Trade Balance (Nov)
2012-03-12 N/A GMT | European Monetary Union EU Finance Ministers meeting

FOREX NEWS
2012-03-12 07:31 GMT | Asian markets fall on Greek default
2012-03-12 07:01 GMT | Germany: Wholesale Price Index (MoM) increases 1% in Feb; (YoY) up 2.6%
2012-03-12 05:01 GMT | Japan Consumer Confidence Index decreases to 39.5
2012-03-12 01:13 GMT | EUR/USD dips below 1.3100

---------------
EURUSD : 1.31143 / 1.31151
DAILY WEEKLY MONTHLY



1.3485 | 1.3362 | 1.3291 | 1.3159
1.3078 | 1.3026 | 1.2974 | 1.2928

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD made a sharp move downwards from 1.3291 (R2) on Friday’s trading session forming a new low just below our support level at 1.3078 (S1). Now the price has found a strong support at 1.3078 (S1) if it falls below this level we can expect the price to continue its downward move as it is under bearish pressure and it seems to be heading towards our support levels. This bearish pressure can also be confirmed by the moving averages that have turned bearish. A break below that level would suggest a target of 1.3026 (S2). If price holds its momentum on the downside we can expect a further decline towards 1.2974 (S3). On the other hand, if the price does not manage to break below 1.3078 (S1) we can expect the pair to retest resistance at 1.3159 (S1) and a further rise will be limited to 1.3291 (R2).

--------------
GBPUSD : 1.56807 / 1.56817
DAILY WEEKLY MONTHLY



1.5882 | 1.5834 | 1.5778 | 1.5724
1.5655 | 1.5578 | 1.5531 | 1.5491

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell on Friday and was supported at 1.5655 (S1) a strong technical level .The price then rose and was able to break above Friday’s support and now it seems that the price is gaining momentum to the upside. A break above 1.5724 (R1) would suggest a target at 1.5778 (R2) and further rise will be limited to 1.5834 (R3). On the other hand a break below 1.5655 (S1) would suggest target at 1.5587 (S2).

-------------
USDJPY : 82.220 / 82.229
DAILY WEEKLY MONTHLY



83.97 | 83.69 | 83.25 | 82.63
81.90 | 81.31 | 80.94 | 80.58

SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY moved upwards and formed a new high at 82.63 and after that the price fell retesting Friday’s support level. A break below 81.90 (S1) we expect the price to retest 81.31 (S2) and further fall will then be limited at 80.94 (S3). On the other hand if the pair finds a strong momentum to the upwards we expect the price to retest 82.63 (R1) a significant level for the bulls as a break above that level will then focus on 83.25 (R2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #82 of 471
Thread Starter 

Daily Forex Market by FXCC 13Mar2012

EUR/USD lower on BoJ, finds ground at 1.3150

EUR/USD is having a hit after BoJ announced its latest policy decision leaving rates on hold, and not implementing any new easing measures, which it seems has upset the market, sending equities lower and USD and yen higher. EUR/USD trades at 1.3159 as last after hitting fresh session lows at 1.3148, falling from highs at 1.3192.GBP/USD broke below 1.5650 support overnight, a level which had been tested on various occasions over the last few weeks. The pair managed to slide to a fresh 2-month low of 1.5601 before bounce to end the American session at 1.5640, down from 1.5673 late Friday.

AUD/USD is at a session high of 1.0555 versus an earlier low of 1.0504, quoted around 0.4% above its starting price this Tuesday.EUR/JPY is currently at session lows 108.29, falling from recent session and weekly highs at 108.52, touched twice during present session. Nikkei index trades to the upside regaining the 10000 points mark rising +1.18% for the day ahead of BoJ policy meeting later on, and following poor industrial data released earlier.
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UPCOMING EVENTS
2012-03-13 07:45 GMT | France Current Account (Jan)
2012-03-13 09:30 GMT | United Kingdom Trade Balance; non-EU (Jan)
2012-03-13 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Mar)
2012-03-13 10:00 GMT | Germany ZEW Survey - Economic Sentiment (Mar)

FOREX NEWS
2012-03-13 05:47 GMT | EUR/USD lower on BoJ, finds ground at 1.3150
2012-03-13 05:09 GMT | Japan BoJ Interest Rate Decision steadies at 0.1%
2012-03-13 00:35 GMT | Australia National Australia Bank's Business Conditions up to 3 in Feb
2012-03-13 00:33 GMT | Australia Jan Home Loans -1.2%

---------------
EURUSD : 1.31672 / 1.31680
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3291 | 1.3192
1.3078 | 1.3025 | 1.2978 | 1.2951

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD rise and formed a top at 1.3192 (R1). A break above that level would suggest target at 1.3291 (R2). On the other hand if the price does not manage to break above 1.3192 (R1) then we can expect a retest of the support level at 1.3078 (S1). A break below that level would suggest target at 1.3025 (S2).

--------------
GBPUSD : 1.56494 / 1.56510
DAILY WEEKLY MONTHLY



1.5882 | 1.5834 | 1.5769 | 1.5695
1.5601 | 1.5562 | 1.5513 | 1.5467

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD after forming a top (intraday) at 1.5695 (R1), fell in yesterday’s trading session forming a new low at 1.5601 (S1). A break below that level would suggest target at 1.5562 (S2) and further fall will be limited at 1.5513 (S3). On the other hand a break above 1.5695 (R1) we expect the price to retest 1.5769 (R2) and further rise will then be limited at 1.5834 (R3) leg correction to the downtrend.

-------------
USDJPY : 82.162 / 82.171
DAILY WEEKLY MONTHLY



83.61 | 83.28 | 82.97 | 82.63
81.95 | 81.46 | 81.14 | 80.58

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY found a strong resistance at 82.63 (R1) and trapped in a trading range between the level of 82.63 (R1) and today’s low 81.95 (S1). A break above the first resistance would suggest a target of 82.97 (R2). If price holds its momentum on the upside we can expect a further rise towards 83.28 (R3). On the other hand, if the price does not manage to break above 82.63 (R1) we can expect the pair to retest first support at 81.95 (S1). A break below that level would suggest target at 81.46 (S2) and further decline will then be limited at 81.14 (S3).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #83 of 471
Thread Starter 

Daily Forex Market by FXCC 14Mar2012

EUR/USD weak in Asia below 1.3080

EUR/USD has been accelerating lower ahead of the London opening to just hit fresh weekly lows stalling its fall ahead of solid support area at 1.3030, lows from the first week of Feb.Support at 1.3050 failed to hold a fourth attempt at testing the area, triggering in the process an option barrier and stops clustered just underneath. If the next downside hurdle at 1.3030 is taken out, psychological round number 1.3000 will come into play ahead of 1.2975, Feb 16 low.

EUR/GBP sold off aggressively overnight, and is sitting above 0.8320 support at the moment, trading within a tight 0.8322-0.8332 intraday range so far this Wednesday after erasing nearly all of last week's gains in a singe day, losing around 1%.GBP/JPY is at 130.50 now, just 9 pips below session and weekly highs, little changed since Asian open, despite the fact USD/JPY is hitting yearly highs and highest since April 2011, because at the same time Cable is deep in the red around Tokyo and NY lows. The cross climbs +1.15% for the week so far, highest since August last year.
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UPCOMING EVENTS
2012-03-14 09:30 GMT | United Kingdom ILO Unemployment Rate (3M) (Jan)
2012-03-14 09:30 GMT | United Kingdom Claimant Count Change (Feb)
2012-03-14 10:00 GMT | European Monetary Union Consumer Price Index (MoM)
2012-03-14 10:00 GMT | European Monetary Union Industrial Production w.d.a.

FOREX NEWS
2012-03-14 04:33 GMT | Japan Industrial Production (YoY) -1.3% in Jan
2012-03-14 04:32 GMT | Japan Jan Capacity Utilization 3.4%
2012-03-14 01:08 GMT | USD/JPY at yearly highs above 83.00
2012-03-14 00:36 GMT | Australia 4Q Housing Starts (QoQ) -6.9%

---------
EURUSD : 1.30410 / 1.30419
DAILY WEEKLY MONTHLY



1.3325 | 1.3291 | 1.3192 | 1.3078
1.3025 | 1.2978 | 1.2951 | 1.2913

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD fell below our yesterday’s support and the traders that didn’t close their positions last night made a profit of 36 pips! The traders that closed their positions last night they broke even. The pair is under bearish pressure, this is very clear, as both of our Moving Averages are aggressive towards the price trading above it. Our recommendation for today’s trading session is short at 1.3025 (S1) targeting second support level at 1.2978 (S2) and further decline will then focus on 1.2951 (S3). A stop loss should be placed at 1.3078 (R1).

---------
GBPUSD : 1.56532 / 1.56549
DAILY WEEKLY MONTHLY



1.5943 | 1.5882 | 1.5769 | 1.5695
1.5601 | 1.5575 | 1.5523 | 1.5478

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD rose on Tuesday and closed above yesterday’s resistance giving us a small profit of 19 pips. After that the price fell sharply and formed a bottom around 1.5660. We expect the price to continue its downward move as it is under bearish pressure (daily). This is also supported by the fact that both of our Moving Averages turned bearish and are moving above the price. Look for short positions in today’s trading session targeting 1.5601 (S1) and 1.5575 (S2). A stop loss should be placed above 1.5695 (R1).

---------
USDJPY : 83.169 / 83.178
DAILY WEEKLY MONTHLY



84.91 | 84.69 | 84.15 | 83.61
82.63 | 81.95 | 81.46 | 81.14

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY rise in yesterday’s trading session and broke upwards from the intraday trading range and gained a small profit of 39 pips! After that the price continued to rise towards our second resistance level. If we take a look on the intraday chart we can see that the pair is gaining strong momentum to the upside as we can also observe that the Moving Averages are providing a strong support to the pair. We remain long on our positions targeting 83.61 (R1) and further rise will then focus on 84.15 (R2). A stop loss should be placed at 82.63 (S1).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #84 of 471
Thread Starter 

Daily Forex Market by FXCC 15Mar2012

EUR/USD on the bounce from fresh 3-week lows

EUR/USD is on the bounce from fresh 3-week lows at 1.3003 since Hong Kong opened, rising a modest +0.23%, sending the pair back to previous NY close prices, and yesterday's Asian trade lows, around 1.3035.The Japanese yen is tumbling against a formidable U.S. dollar Thursday, seen gaining on its major trading counterparts across the board in the Asia-Pacific. USD/JPY is quoted in the 84.15 price zone, having pushed above psychological resistance at the 84.00 figure in recent minutes.

EUR/AUD is currently at 1.2454, trading at same exact price as it was doing 2 weeks ago during Feb 23, and earlier on by Jan 25 and 05 when for first time was heading lower to all time record lows at 1.2131. EUR/JPY is currently pushing lower at 109.44 off recent session and 12-day high at 109.63, just 11 pips below of that first multi month high Feb 27 post BoJ intervention late October past year.
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UPCOMING EVENTS
2012-03-15 08:30 GMT | Switzerland SNB Interest Rate Decision
2012-03-15 09:00 GMT | European Monetary Union ECB Monthly Report
2012-03-15 10:00 GMT | EU - Employment Change (QoQ) (Q4)
2012-03-15 10:00 GMT | EU - Employment Change (YoY) (Q4)

FOREX NEWS
2012-03-15 00:58 GMT | EUR/USD consolidates above 1.3000, support at 1.2970
2012-03-15 00:43 GMT | Australia Feb New Motor Vehicle Sales (YoY) 1.7%
2012-03-15 00:34 GMT | Australia New Motor Vehicle Sales (MoM) 0% in Feb
2012-03-15 00:00 GMT | Australia Consumer Inflation Expectation 2.7% in Mar

---------
EURUSD : 1.30455 / 1.30465
DAILY WEEKLY MONTHLY



1.3344 | 1.3291 | 1.3192 | 1.3078
1.3000 | 1.2955 | 1.2912 | 1.2870

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD the pair formed a high at 1.3291 (R3) then fell for 4 consecutive days and formed a bottom at 1.3000 (S1) a significant technical and psychological level. A break below that level will confirm our short positions targeting 1.2955 (S2) and a further fall with then be limited to 1.2912 (S3). On the other hand if the price manages to stay above the 1.3000 (S1) level we expect a retest of 1.3078 (R1) and if a break happens above that level we expect the price to move towards next upwards objective at 1.3192 (R2) and to give a "big breather" to the bulls as the 1.3000s levels are crucial to them.

---------
GBPUSD : 1.56542 / 1.56558
DAILY WEEKLY MONTHLY



1.5871 | 1.5834 | 1.5788 | 1.5744
1.5601 | 1.5574 | 1.5521 | 1.5486

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move upwards and successfully broke above our resistance level of 1.5695 ending our day with a loss (-45 pips). After that the price fell and now seems to be moving closer to our supports levels. A break below 1.5601 (S1) would suggest a target at 1.5574 (S2). On the other hand if the pair gains momentum upwards we expect the price to retest the 1.5744 (R1) level. Look for short positions below 1.5600 levels.

---------
USDJPY : 83.823 / 83.831
DAILY WEEKLY MONTHLY



85.29 | 84.93 | 84.69 | 84.17
83.57 | 82.63 | 81.95 | 81.46

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY rise and successfully penetrated our second and third resistance confirming short position towards our targets at 84.15 gaining 95 pips of profit!!! After forming a top at our resistance level at 84.17 (R1) the price began to fall this morning and was able to come close to yesterday’s support level at 83.57 (S1). A break below that level would suggest a target at 82.63 (S2). On the other hand a break above 84.17 (R1) would suggest target at 84.69 (R2).


Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #85 of 471
Thread Starter 

Daily Forex Market by FXCC 16Mar2012

EUR/USD limited below 1.3100 awaits US CPI

EUR/USD is currently resting over its ascending short term trend line started yesterday at the fresh 3-week lows 1.3003, from where it has bounced as high as 1.3120 yesterday's highs during mid NY session. The pair has pull backed since then to current session lows at 1.3066, now being in the mid price of Asian session with highs so far at 1.3100 round.

AUD/JPY spent the whole of the Asia-Pacific session consolidating below the 88.00 handle, operating within a very tight range between 87.65 and 87.99, last quoted near the top of the range at 87.95, unchanged from the daily opening.he bid tone remains ever present in AUD/CAD following its overnight bounce from 3-month lows. After respecting dynamic support at the 200-day EMA and posting its first daily gain in 9 sessions on Thursday, the pair is inching higher into the 1.0460 area, now quoted just off yesterday's 1.0463 peak.
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UPCOMING EVENTS
2012-03-16 12:30 GMT | US - Consumer Price Index (MoM) (Feb)
2012-03-16 12:30 GMT | US - Consumer Price Index (YoY) (Feb)
2012-03-16 12:30 GMT | US - Consumer Price Index Ex Food & Energy (MoM)
2012-03-16 12:30 GMT | US - Consumer Price Index Ex Food & Energy (YoY)

FOREX NEWS
2012-03-16 05:51 GMT | EUR/USD limited below 1.3100 awaits US CPI
2012-03-16 05:06 GMT | Japan Jan Coincident Index decreases to 92.7
2012-03-16 03:48 GMT | Forex: EUR/JPY threatening a push below 109.00
2012-03-16 02:32 GMT | Forex: AUD/CAD bid; resistance at 1.0485

---------
EURUSD : 1.30899 / 1.30909
DAILY WEEKLY MONTHLY



1.3347 | 1.3291 | 1.3192 | 1.3119
1.3000 | 1.2954 | 1.2912 | 1.2870

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD formed a top yesterday at 1.3119 (R1) and now it seems it is moving downwards to retest the support levels. The pair is at a crucial level as, if it breaks above the first resistance we expect the price to form a correction towards 1.3192 (R2) and then to continue its downward move (daily). Our recommendation for today’s session is - no position, we remain flat, until we see the reaction of the price and a clearer trend developing.

---------
GBPUSD : 1.57157 / 1.57173
DAILY WEEKLY MONTHLY



1.5874 | 1.5834 | 1.5788 | 1.5744
1.5601 | 1.5574 | 1.5521 | 1.5486

SUMMARY : Neutral
TREND : Neutral
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD rise and closed just below our first resistance at 1.5711. After that the price fell and is now moving in a consolidation mode. By the time that the price retested our resistance level 3 times without succeeding to break above that this will keep us flat for today not risking a break below 1.5600 or above 1.5750 levels, as both of these levels are significant technical and psychological important. Our recommendation for today’s trading session is no position until we see which of the bulls or the bear will win the battle.

---------
USDJPY : 83.456 / 83.461
DAILY WEEKLY MONTHLY



85.46 | 84.98 | 84.69 | 84.17
83.18 | 82.63 | 81.95 | 81.46

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY fell from 84.17 (R1) and formed a low at 83.18 (S1) after which the price rebounded from that level this morning and now it seems that it is moving upwards. A break above the first resistance level of 84.17 (R1) would suggest a target and retest of 84.69 (R2). If the price holds its momentum on the upside we can expect a further rise towards 84.98 (R3). On the other hand, if the price does not manage to break above 84.17 (S1) we can expect the pair to retest support at 83.18 (S1) and a further fall will be limited to 82.63 (S2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #86 of 471
Thread Starter 

Daily Forex Market by FXCC 19Mar2012

EUR/USD in tight range above 1.3000 level during Asia

EUR/USD keeps trading in late Asia-Pacific quite limited at 1.3169 between highs at 1.3186 and lows at 1.3162 for all session being so far in the start of the week. GBP/USD is holding onto Friday's firm gains as trading gets underway this Monday, last at 1.5840 versus 1.5830 at the end of trading in NY, having traded a tight 1.5828/50 range so far today. After reaching an 11-month high of 84.17 last week, USD/JPY has pulled back and now trades, at 83.50 in Asia, up from 83.37 at the end of trading late Friday. To the downside, support levels lie at 83.40, 83.10 and 82.80, while, to the upside, resistance levels lie at 83.80, 84.15 and 84.50.

AUD/USD climbed to a 6-day high of 1.0614 Monday in the Asia-Pacific, last quoted around the 1.0600 mark from 1.0580 as it drifts sideways as RBA Governor Stevens' speaks at the Asian investment conference.The New Zealand dollar touched a 7-day high against the greenback on Monday, jumping to 0.8274 from 0.8234 late in the New York session on Friday. Last at 0.8256, resistance is noted at 0.8320 (27 Feb low), while support lies at 0.8192 (22 June high).
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UPCOMING EVENTS
2012-03-19 09:00 GMT | European Monetary Union Current Account s.a (Jan)
2012-03-19 09:00 GMT | European Monetary Union Current Account n.s.a (Jan)
2012-03-19 09:00 GMT | Italy Industiral Orders n.s.a (YoY) (Jan)
2012-03-19 10:00 GMT | European Monetary UnionConstruction Output s.a (Jan)

FOREX NEWS
2012-03-19 05:26 GMT | EUR/USD in tight range during Asia
2012-03-19 05:11 GMT | AUD/USD hovers around 1.0600 as Stevens speaks
2012-03-19 00:31 GMT | GBP/USD consolidating below 1.5850
2012-03-19 00:01 GMT | USD/JPY dowside limited while above 83.10

---------
EURUSD : 1.31686 / 1.31694
DAILY WEEKLY MONTHLY



1.3378 | 1.3324 | 1.3273 | 1.3189
1.3119 | 1.3048 | 1.3003 | 1.2954

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

After the EURUSD formed a bottom 1.3003 (S3) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3189 (R1). If it breaks above that level we can expect a target at 1.3273 (R2). On the other hand if a break occurs below the first support at 1.3119 (S1) expect the price to retest 1.3048 (S2) and any further fall will then be limited to 1.3003 (S3) a strong technical and psychological level for the bulls as it has been retested in the past (Feb. 2012) without succeeding to break below it.

---------
GBPUSD : 1.58431 / 1.58447
DAILY WEEKLY MONTHLY



1.5997 | 1.5967 | 1.5912 | 1.5861
1.5787 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD gained momentum and rose forming a new top at 1.5861 and after then fell and since last night is moving in a consolidation mode. If a break occurs above the first resistance level at 1.5861 (R1) it would suggest a target at 1.5912 (R2) and any further rise will then be limited to 1.5967 (R3). If it fails to break above the first resistance level we expect the price to retest 1.5787 (S1). A break below that level would suggest a target at 1.5734 (S2) and any further fall with then focus on 1.5654 (S3).

---------
USDJPY : 83.369 / 83.379
DAILY WEEKLY MONTHLY



84.92 | 84.57 | 84.18 | 83.81
83.17 | 82.58 | 81.94 | 81.14

SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY has been moving upwards since the beginning of March and the bulls face a major hurdle at the 84.18 level (resistance), a level that is significant both psychologically and technically. A break above 83.81 (R1) would suggest a target at 84.18 (R2) a year high. On the other hand a break below 83.17 and we expect the price to retest 82.58 (S2) and any further fall with then be limited to 81.96 (S3).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #87 of 471
Thread Starter 

Daily Forex Market by FXCC 22Mar2012

GBP/USD bracketed between 1.5855/82 ahead of key UK data

EUR/USD is currently at 1.3230 slightly off session highs, before worse than expected Chinese PMI figures came out at 48.1. The Euro has been relatively well supported specially against AUD given the risk-off round in the Asia-Pacific market after the PMI data, lifting EUR/AUD to fresh 2012 highs at 1.2737. The pair holds onto +0.19% gains since session started, still below 0.618 retrace of yesterday's leg down 1.3285/1.3178. GBP/USD traded a limited range between 1.5855 and 1.5882 during the Asia-Pacific session, last quoted just a few pips below its starting price this Thursday at 1.5867.In the European session ahead, risk event for the Pound will be February UK Retail Sales data due for release at 0930 GMT, considered one of the most important consumer indicators.

The Australian dollar (AUDJPY) is sliding across the board this Thursday in Asia after a surprisingly weak reading of China's HSBC Flash PMI, reigniting concerns of a sharp slowdown in the world's second largest economy, shrinking in March for a fifth successive month to 48.1. The EURJPY after remaining well on course for the 111.57 intervention high, the pair had a violent turnaround on Wednesday, courtesy of heavy yen buying across the board, taking the rate as low as 110.03 post NY close and even extending to new lows at 109.87 post trade balance results in Japan, which came better than expected due to an increase in US car sales and steel exports.
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UPCOMING EVENTS
2012-03-22 09:00 GMT | EU Purchasing Manager Index Manufacturing (Mar) Preliminar
2012-03-22 09:00 GMT | EU Purchasing Manager Index Services (Mar) Preliminar
2012-03-22 09:30 GMT | United Kingdom Retail Sales (YoY) (Feb)
2012-03-22 09:30 GMT | United Kingdom Retail Sales ex-Fuel (YoY) (Feb)

FOREX NEWS
2012-03-22 06:01 GMT | EUR/USD at session highs in late Asia
2012-03-22 04:14 GMT | USD/JPY still above 83.00
2012-03-22 02:30 GMT | China HSBC Manufacturing PMI declines to 48.1 in Mar
2012-03-22 00:03 GMT | Japan: Feb Merchandise Trade Balance surprisingly srtong at Y32.9B

----------------
EURUSD : 1.32450 / 1.32459
DAILY WEEKLY MONTHLY



1.3343 | 1.3371 | 1.3325 | 1.3284
1.3177 | 1.3119 | 1.3048 | 1.3003

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD has been moving upwards since the middle of March and the bulls face a major hurdle at the 1.3284 level (resistance), a level that is significant both psychologically and technically. A break above 1.3284 (R1) would suggest a target at 1.3325 (R2) and further rise will then be limited at 1.3371 (R3). On the other hand if the price manages to stay below our first resistance level then we expect the price to retest 1.3177 (S1) and a break below that level the expected target is at 1.3119 (S2).

-----------------
GBPUSD : 1.58725 / 1.58738
DAILY WEEKLY MONTHLY



1.6048 | 1.5995 | 1.5968 | 1.5913
1.5816 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD rise and find a strong resistance at 1.5913 (R1) and after that it trapped in a trading range between this level and 1.5816 (S1). A break in either direction will determine our trading bias for today. A break below 1.5816 (S1), the expected target is at 1.5734 (S2). On the other hand if the pair gain momentum to the upwards and breaks above 1.5913 (R1) would suggest target at 1.5968 (R2).

------------
USDJPY : 83.300 / 83.306
DAILY WEEKLY MONTHLY



85.72 | 85.21 | 84.67 | 84.18
83.00 | 82.58 | 81.94 | 81.51

SUMMARY : Neutral
TREND : Sideway
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY retested the 84.18 twice without succeeding to break above it with a result to trapped in a trading range between 84.18 (R1) and 83.00 (S1). A break below 83.00 (S1) would suggest target at 82.58 (S2) and further fall will then be limited at 81.94 (S3). On the other hand if the price rises from the current level we expect to retest first resistance for third time. Look for short positions at 83.00 level targeting support levels.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #88 of 471
Thread Starter 

[B]Daily Forex Market by FXCC 23Mar2012

EUR/USD little changed in Asia holds at 1.3200

EUR/USD is trading at 1.3200 as last, entering the final hours of the Asia-Pacific session slightly off from highs around 1.3211/13 and still limited below 0.5 retrace of yesterday's European morning sell off. The pair has seen little movement in current session with less than 20 pips range from bottom to top. Local share markets trade mostly in the big red, with US futures slightly above yesterday's highs pointing for a modest recovery in European equity markets.The pound took a massive hit on risk aversion on Thursday following the release of weaker-than-expected UK retail sales data, suggesting continued weakness from consumers.GBP/USD reached 1.5770 before bouncing higher, ending the NA session at 1.5819, down from 1.5871.

After a sharp drop to a 2-week low of 85.35 overnight, AUD/JPY has been relatively bid this Friday, climbing to a session high of 86.23 from 85.70 at the Asian open.AUD/USD holds a bid tone this Friday in early Asia following its drop to a two-month low of 1.0335 overnight, having fell alongside stocks and commodities. The bull pressure suggests that a correction is underway, and the pair has risen to levels above 1.0400.
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[url]https://support.fxcc.com/email/technical/23032012/[/url]

UPCOMING EVENTS
2012-03-23 09:30 GMT | United Kingdom BBA Mortgage Approvals (Feb)
2012-03-23 11:00 GMT | Canada Consumer Price Index (MoM) (Feb)
2012-03-23 11:00 GMT | Canada Bank of Canada Consumer Price Index Core
2012-03-23 11:00 GMT | Canada Consumer Price Index (YoY) (Feb)
    
FOREX NEWS
2012-03-23 04:54 GMT | EUR/USD little changed in Asia holds above 1.3200
2012-03-23 03:40 GMT | AUD/JPY climbs above 86.00
2012-03-23 00:28 GMT | AUD/USD back above 1.0400
2012-03-23 00:01 GMT | UK Nationwide Consumer Confidence falls to 44 in Feb

    
EURUSD  : 1.31981 / 1.31990     
DAILY     WEEKLY     MONTHLY
    
[IMG]https://support.fxcc.com/email/technical/23032012/EURUSD.gif[/IMG]

1.3371 | 1.3325 | 1.3284 | 1.3213
1.3177 | 1.3133 | 1.3048 | 1.3003

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
    

MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a new bottom at 1.3133 (S2). After that the price rebounded and was able to break above yesterday’s resistance and it seems it will re-test a high soon. A break above the first resistance at 1.3213 (R1) would suggest a target of 1.3284 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.3325 (R3). On the other hand, if the price does not manage to break above 1.3213 (R1) we can expect the pair to retest support at 1.3177 (S1) and a break below that level would suggest target at 1.3133 (S2).

GBPUSD : 1.58144 / 1.58163     
DAILY     WEEKLY     MONTHLY
    
[IMG]https://support.fxcc.com/email/technical/23032012/GBPUSD.gif[/IMG]

1.6013 | 1.5968 | 1.5913 | 1.5831
1.5784 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Down
TREND:  Down trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral
    

MARKET ANALYSIS - Intraday Analysis

GBPUSD made a high at 1.5913(R2) as it continued its move upwards since middle of March. A break above 1.5831 (R1) would suggest March high at 1.5913 (R1) a level that has been retested twice but without managing to break above it. On the other hand a break below 1.5784 (S1) would suggest target at 1.5734 (S2) and further fall will then be limited at 1.5654 (S3).

USDJPY  : 82.761 / 82.769     
DAILY     WEEKLY     MONTHLY
    
[IMG]https://support.fxcc.com/email/technical/23032012/USDJPY.gif[/IMG]

84.57 | 84.18|  83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.00

SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Overbought
    

MARKET ANALYSIS - Intraday Analysis

USDJPY moved downwards and successfully penetrated our yesterday’s support forming a new low at 82.32 (S1) and after that rise and closed below of our first resistance. The pair is under bearish pressure since the price made a high at 84.15 (R3) and retested it twice without succeeding to break above it with a resulting reversal and downwards move. A break below the 82.32 (S1) level would suggest a target at 81.94 (S2) and a further fall will then focus on 81.51 (S3). We believe the pair will continue the downward move and will find a strong support at 81.00 (S4) a significant technical and psychological level.

Source: FX Central Clearing Ltd, ([url]http://www.fxcc.com[/url])[/B]

post #89 of 471
Thread Starter 

Daily Forex Market by FXCC 26Mar2012

GBP/USD threatening to test bids below 1.5850

GBP/USD dropped from an earlier high of 1.5880 to a recent session low of 1.5850 ahead of the European opening, last quoted near the bottom of the range at 1.5855, recording a 0.9% loss so far this Monday.USD/JPY held firm on Monday in the Asia-Pacific, trading up to 82.76 from 82.40 past Friday, last at 82.68, up 0.4% on the day. Technically speaking, overall, the pair is retreating from recent multi-month highs in the 84.15 zone and may be looking to correct lower.UR/USD is currently breaking to fresh session lows last at 1.3259, lower from previous weekly close past Friday 10 pips above, with session highs at 1.3285

GBP/JPY is currently at 131.28, near session highs 10 pips above, and still below Friday's highs at 131.50. The cross is up +0.45% since last week's close, with Cable slightly lower from same close, and USD/JPY at session highs above 82.50.
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UPCOMING EVENTS
2012-03-26 08:00 GMT | Germany IFO - Business Climate (Mar)
2012-03-26 08:00 GMT | Germany IFO - Current Assessment (Mar)
2012-03-26 08:00 GMT | Germany IFO - Expectations (Mar)
2012-03-26 n/a | United Kingdom Nationwide Housing Prices n.s.a (YoY)

FOREX NEWS
2012-03-26 02:11 GMT | GBP/JPY near session highs above 131.20
2012-03-26 02:02 GMT | AUD/USD back below 1.0450
2012-03-26 00:46 GMT | GBP/USD capped below 1.5880 in Asia
2012-03-26 00:12 GMT | USD/JPY inching higher, hits 82.70


EURUSD : 1.32552 / 1.32558
DAILY WEEKLY MONTHLY



1.3441 | 1.3382 | 1.3325 | 1.3284
1.3220 | 1.3177 | 1.3133 | 1.3048

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis
EURUSD formed a high at 1.3284 (R1) profiting on all our targets recommended in yesterday’s analysis gaining a total of 71 pips!! After that the pair fell and it now seems that it is going to retest 1.3284 (R1) soon, a level that have been retest 3 times in the past (March). A break above that level will be suggesting target at 1.3325 (R2) and further rise will then be limited at 1.3382 (R3). On the other hand if price manage to break below 1.3220 (S1) we will then expect the price to retest 1.3177 (S2) and then further fall will then approach towards 1.3133(S3).


GBPUSD 1.58548 / 1.58562
DAILY WEEKLY MONTHLY



1.6054 | 1.6013 | 1.5968 | 1.5913
1.5817 | 1.5769 | 1.5728 | 1.5654

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis
The GBPUSD rise and retested for third time our resistance level at 1.5913 (R1) without succeeding to break above it ending our day with half portion of profits (41 pips). We except the price to continue its upward move as it is under bullish pressure at the moment (both of our MA are bullish) and it seems to be breaking above 1.5913 (R1) a strong technical and psychological level. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.5913 (R1) targeting 1.5968 (R2). A stop loss should be placed below 1.5860.


USDJPY : 82.654 / 82.660
DAILY WEEKLY MONTHLY



84.69 | 84.18 | 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.08

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis
USDJPY fell sharply and formed a strong support level close to 81.94 (S2). Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 83.00 level. A break above that level we suggest further rise towards 83.44 (R2) and further rise will then focus on next target at 84.18 (R3). On the other hand if the price manages to stay below our first resistance level of 83.00 (R1) then we expect the price to retest 82.32 (S1) and a break below that level then the expected target is at 81.94 (S2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #90 of 471
Thread Starter 

Daily Forex Market by FXCC 27Mar2012

EUR/USD breaking below 1.3360 in late Asia

EUR/USD is currently at 1.3350 retreating from a double intraday high at 1.3366, right below 0.23 retrace of latest leg down 1.3485/1.3003, and Feb 27 lows. Just 10 pips now below its opening price in Asia-Pacific, the pair has been in a quiet range all session long, with highs around same price NY close.After a timid break out above 83.00, USDJPY handle reaching 2-day highs at 80.03 highest since past Thursday, minutes before Tokyo opening, the pair is back to previous opening prices, last at 82.84. The pair still trades above weekly opening prices by some +0.52%.

EUR/JPY is back trading near its starting price after threatening the 111.00 mark this Tuesday. Coming off a sharp overnight rally into the 110.60 price zone, the pair managed to reach a 4-day high of 110.91 earlier in the Asia-Pacific, but has since retreated and is now quoted just above session lows at 110.55, 5 pips below its starting price. Beyond the 111.00 psychological figure, resistance is noted at 111.41 (21 March high), while EUR/JPY may encounter support at 109.91 (27 Feb high).
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UPCOMING EVENTS
2012-03-27 07:30 GMT | Sweden Producer Price Index (MoM) (Feb)
2012-03-27 07:30 GMT | Sweden Trade Balance (MoM) (Feb)
2012-03-27 13:00 GMT | United StatesS&P/Case-Shiller Home Price Indices (YoY)
2012-03-27 14:00 GMT | United States Consumer Confidence (Mar)

FOREX NEWS
2012-03-27 04:34 GMT | EUR/USD breaking below 1.3350 in late Asia
2012-03-27 02:26 GMT | EUR/JPY struggling to take out 111.00
2012-03-27 00:41 GMT | AUD/JPY struggling below 87.50
2012-03-27 00:20 GMT | GBP/USD limited below 1.5970


EURUSD : 1.33518 / 1.33524
DAILY WEEKLY MONTHLY



1.3551 | 1.3487 | 1.3413 | 1.3368
1.3284 | 1.3220 | 1.3133 | 1.3048

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis
EURUSD moved upwards in yesterday’s trading session and successfully penetrated our second resistance forming a new top at 1.3368 (R1) profiting a total of 41 pips!! The pair is under bullish pressure since the price made a low at 1.3000 levels, it formed a higher bottoms and higher tops, breaking with success above 1.3180 with a result of a trend reversal (intraday) - uptrend. A break above the 1.3375 level would suggest a target at 1.3413 (R2) and a further rise will then focus on 1.3487 (R3) a significant strong technical level. Look for long positions above 1.3368 targeting resistance levels (R1 and R2). A stop loss should be placed above 1.3284 (S1).

GBPUSD : 1.59617 / 1.59630
DAILY WEEKLY MONTHLY



1.6147 | 1.6091 | 1.6046 | 1.5973
1.5907 | 1.5817 | 1.5769 | 1.5728

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis
GBPUSD rise from 1.5875 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just above of our recommended target ending our day with profits (+55 pips)!! The pair is in a crucial moment as a break above 1.5980 February high, it will determine our trading bias targeting 1.6046 (R2). Look for long positions above first resistance targeting 1.6046 (R2). A stop loss should be placed above 1.5907 (S1).

USDJPY : 82.831 / 82.839
DAILY WEEKLY MONTHLY



84.69 | 84.18 | 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.08

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis
USDJPY didn’t made any significant moves yesterday as it traded in a trading range between the 83.00 (R1) and 82.32 (S1) support level. We remain flat on USDJPY until we see in which direction it will move to develop a clear uptrend or a downtrend with more reliable support and resistance levels. No position.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #91 of 471
Thread Starter 

Daily Forex Market by FXCC 28Mar2012

EURUSD is trading bellow 1.3400 level

After losing ground Tuesday on a strong dollar advance, EUR/USD is gently bid in early Asia, having inched up to a session high of 1.3335 from an earlier low of 1.3312, last quoted near the top of the range, 30 pips above its opening price.Cable is currently at 1.5955, inside a very limited range 1.5944/61 the pair has been within since session started from the lower part of it. Local share markets are in a risk-off mode bringing down Nikkei index by -1.15% among others, with oil and gold at session lows.

After a second attempt at critical resistance just shy of 111.50 on Tuesday, EUR/JPY pulled back to close modestly higher on the day at 110.74 from110.61. So far this Wednesday in Asia, the pair is trading a limited range between 110.52 and 110.86, last at 110.60. Support is noted at 110.12 (19 March high), while resistance is at 110.91 (intraday).
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UPCOMING EVENTS
2012-03-28 08:30 GMT | United Kingdom Current Account (Q4)
2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3)
2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3)
2012-03-28 08:30 GMT | United Kingdom Total Business Investment (YoY) (Q4)

FOREX NEWS
2012-03-28 04:09 GMT | Aussie at session lows vs. USD, JPY
2012-03-28 01:18 GMT | USD/JPY breaks below 83.00
2012-03-28 00:45 GMT | EUR/USD inching higher, reaches 1.3335
2012-03-28 00:14 GMT | AUD/USD dips below 1.0440

-------------------
EURUSD : 1.33316 / 1.33324
DAILY WEEKLY MONTHLY



1.3550 | 1.3493 | 1.3441 | 1.3382
1.3284 | 1.3220 | 1.3177 | 1.3133

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD didn’t made any significant moves yesterday as it moved in a consolidation mode between the 1.3284 (S1) and 1.3382 (R1) levels. The bulls face a major hurdle at the 1.3370 (R1) level, a significant both psychological and technical level. As we want to continue our winning streak on this pair our recommendations for today’s trading session is no position until we see a break above first resistance and continuation of the uptrend or a break below 1.3284 (S1) that it will trap the pair in a trading range. No position.

---------------
GBPUSD : 1.59554 / 1.59563
DAILY WEEKLY MONTHLY



1.6149 | 1.6096 | 1.6057 | 1.6000
1.5907 | 1.5817 | 1.5769 | 1.5711

SUMMARY : Up
TREND: Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD formed a low below 1.5817 (S2) and after that the pair rebounded and rise moving closer to our resistance level at 1.6000 level (R1). After a successful run the pair fell and trapped again in a trading range between 1.5907 (S1) and 1.6000 (R1). A break above 1.6000 level could trigger further bullish pressure targeting 1.6057 (R2) while a break below 1.5907 (S1) could trigger further bearish pressure towards support levels. Look for long positions above 1.6000 level targeting resistance levels. A stop loss should be placed at 1.5950.

---------------
USDJPY : 82.908 / 82.917
DAILY WEEKLY MONTHLY



84.59 | 84.08 | 83.81 | 83.39
82.64 | 82.31 | 81.97 | 81.31

SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY continued to rise from 81.97 (S3) and reached a high yesterday at 83.39 (R1). It seems the pair made a correction downwards and it will retest the first resistance soon. Look for long positions at current price, as the pair is moving upwards towards 84.00 level with a strong bullish momentum. A stop loss should be placed above 82.31 (S2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #92 of 471
Thread Starter 

Daily Forex Market by FXCC 29Mar2012

EUR/USD flat in Asia

EUR/USD is trading now at 1.3319 exactly same opening price started Asian session, in the middle of a 25 pip range 1.3307/1.3332. With not much change since late NY, there is a clear ask line at 1.3332 limiting the upside, while downside has been pretty much contained as well despite risk-off mode during the Asian trade, with local share markets overall in the red, Nikkei losing -0.67%. GBP/USD has so far traded up to a session high of 1.5907 in Asia, extending the overnight bounce from ascending trendline support at 1.5840 - taken from the 1.5700 and 1.5800 troughs - and is now hovering around the 1.5900 handle, up 15 pips on the day.

The combination of Yen shorts bailing themselves out of stale long positions coupled with an acceleration in Aussie bears continues to damage the AUD/JPY, which has seen the rate dive from 86.06 NY close all the way down to currently approach 85.63, yesterday's low. Current price stays at 85.76, day lows.
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UPCOMING EVENTS
2012-03-29 07:55 GMT | Germany Unemployment Rate s.a. (Mar)
2012-03-29 08:30 GMT | United Kingdom Mortgage Approvals (Feb)
2012-03-29 09:00 GMT | European Monetary Union Economic Confidence (Mar)
2012-03-29 09:00 GMT | European Monetary Union Industrial Confidence (Mar)

FOREX NEWS
2012-03-29 04:31 GMT | GBP/USD hovers around 1.5900
2012-03-29 01:11 GMT | AUD/JPY long squeeze picks up, 85.63 low in sight
2012-03-29 00:58 GMT | AUD/USD drops, finds support at 1.0360
2012-03-29 00:01 GMT | New Zealand Business Confidence increase to 33.8 in Mar

------------
EURUSD : 1.33192 / 1.33199
DAILY WEEKLY MONTHLY



1.3550 | 1.3493 | 1.3441 | 1.3382
1.3276 | 1.3220 | 1.3177 | 1.3133

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD formed a high at 1.3382 (R1) retesting for second time the upper level without managing to break above it as a result the price to trap in a trading range between 1.3382 (R1) and 1.3276 (S1). Yesterday the price retested and bounced from the lower boundary and now it seems that is trading in the middle of the channel. As far as the price is moving between these levels we remain flat. Our recommendation for today’s trading session is no position as we do not have a clear trend direction.

-------------
GBPUSD : 1.59134 / 1.59150
DAILY WEEKLY MONTHLY



1.6098 | 1.6051 | 1.6000 | 1.5940
1.5842 | 1.5805 | 1.5769 | 1.5703

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

-------------
GBPUSD fell and formed a bottom at 1.5842 (S1) and now it seems that is heading towards 1.5940 (R1). A break above that level, would suggest target at 1.6000 (R2) a strong technical level for the bulls as a break above it will then focus on 1.6051 (R3). A stop loss should be placed at 1.5878.

USDJPY : 82.663 / 82.670
DAILY WEEKLY MONTHLY



84.57 | 84.09 | 83.55 | 82.97
82.54 | 81.97 | 81.41 | 80.91

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY formed a new low at 82.54 and it is moving downwards. A break below 82.54 (S1) would suggest target at 81.97 (S2) and further fall will then be limited at 81.41 (S3). Look for short positions in today’s trading session as both of our Moving Averages 10 - 20 turned bearish and the pair is under bearish pressure.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #93 of 471
Thread Starter 

Daily Forex Market by FXCC 30Mar2012

EUR/USD above 1.3350 in late Asia

EUR/USD is currently at 1.3350 near Asian session highs at 1.3359, bouncing from as low as 100 pips below, where the NY session started. The pair resumed the rebound in Asia with almost no retrace in the middle, clearing out stop losses previously reported by ForexLive in the 1.3340 area, in what it seems a massive stops hunting action, rapidly sending price above yesterday's highs. USD also had a big sell off against yen taking USD/JPY to multi week lows.

AUD/USD has traded in range between 1.0365 and 1.0412 so far this Friday, last at 1.0390 from 1.0381 at the Asian opening. AUD is generally weak given speculation over a potentially dovish stance from the RBA’s decision on monetary policy next week, having slid to a 2-month low of 1.0303 versus the greenback overnight.GBP/JPY is currently at 131.16 slightly below Asian opening prices, in an overall pretty volatile session, specially coming from JPY and its final day in the fiscal year in Japan. The cross has reached session lows at 130.62, before recovering sharply matching again opening prices around 131.48 for then retreating again to current levels.
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UPCOMING EVENTS
2012-03-30 09:02 GMT | European Monetary Union Consumer Price Index (YoY)
2012-03-30 12:30 GMT | Canada Gross Domestic Product (MoM) (Jan)
2012-03-30 12:30 GMT | United States Personal Income (MoM) (Feb)
2012-03-30 12:30 GMT | United States Core Personal Consumption Expenditure - Price Index (MoM) (Feb)

FOREX NEWS
2012-03-30 05:02 GMT | Japan Construction Orders (YoY) -1.8% in Feb
2012-03-30 05:01 GMT | Japan Feb Housing Starts (YoY) 7.5%
2012-03-30 00:01 GMT | USD/JPY trades softer post Japanese CPI data
2012-03-30 00:01 GMT | Japan Feb Industrial Production (MoM) -1.2%

----------------
EURUSD : 1.33477 / 1.33486
DAILY WEEKLY MONTHLY



1.3549 | 1.3489 | 1.3451 | 1.3381
1.3277 | 1.3220 | 1.3177 | 1.3133

SUMMARY :
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell from 1.3350 and formed a lower bottom at 1.3250 after which the price rebounded from that level and rise above yesterday’s support closing just above it. A break above the first resistance level of 1.3381 (R1) would suggest a target of 1.3451 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3489 (R3). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the pair to retest support at 1.3277 (S1) and a further fall will be limited to 1.3220 (S2).

----------------
GBPUSD : 1.59801 / 1.59819
DAILY WEEKLY MONTHLY



1.6145 | 1.6098 | 1.6051 | 1.6000
1.5933 | 1.5842 | 1.5805 | 1.5769

SUMMARY :
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD rise from 1.5842(S2) and made a sharp move upwards breaking above our yesterday’s resistance levels and closing just below of our recommended target ending our day with profits. After the price formed a top at 1.6000 (R1) level, the price fell and now the price is moving upwards again to retest that level. A break above 1.6000 would suggest target at 1.6051 (R2) and further rise will then be limited at 1.6098 (R3).

--------------
USDJPY : 82.005 / 82.013
DAILY WEEKLY MONTHLY



84.09 | 83.55 | 82.97 | 82.54
81.83 | 81.21 | 80.56 | 80.11

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

After the USDJPY retested 82.54 (R1) it could not break above that level and fell, penetrating successfully our support levels and forming a new low at 81.83 (S1) ending our day with a good profit!!. A break below that level would suggest a target at 81.21 (S2) and a further fall will then be limited at 80.56 (S3). On the other hand if the price manages to stay above 81.83 (S1) we expect the price to retest 82.54 (R1). If a break occurs above that level we suggest a target at 82.97 (R2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #94 of 471
Thread Starter 

Daily Forex Market by FXCC 02Apr2012

EUR/USD still below 1.3350; PMI, employment data eyed

EUR/USD has been little changed after giving up the early upside advantage at the weekly opening, having started the day at 1.3360, then trading down to a session low of 1.3330 during the Asia-Pacific hours, last at 1.3340/45 versus 1.3335 late Friday.In the European session ahead, the Purchasing Manager Index Manufacturing data for March is due at 0758 GMT, expected to remain in contractionary territory. About two hours later, the February Unemployment Rate will be released, with surveyed economists anticipating an increase in the rate by 0.1% to 10.8%.

For the past two weeks EUR/JPY has been range bound between 108.45 and 111.45, last quoted near the top of the range at 110.95 this hour in Asia as it operates around the 111.00 figure, up from 110.40 late Friday.The Australian dollar has fallen to fresh session lows against the greenback this Monday in Asia after disappointing building approval numbers for February were released by the Australian Bureau of Statistics. AUD/USD slid sharply from pre-data 1.0415, to lows below the 1.0400 mark, last at 1.0395 versus 1.0365 late Friday, still up 0.4% on the day.
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https://support.fxcc.com/email/technical/02042012/

UPCOMING EVENTS
2012-04-02 07:15 GMT | Switzerland Real Retail Sales (YoY) (Feb)
2012-04-02 07:53 GMT | GermanyPurchasing Manager Index Manufacturing (Mar)
2012-04-02 07:58 GMT | European Monetary Union Purchasing Manager Index Manufacturing (Mar)
2012-04-02 10:01 GMT | European Monetary Union Unemployment Rate (Feb)

FOREX NEWS
2012-04-02 04:01 GMT | GBP/USD at session lows below 1.6000
2012-04-02 02:57 GMT | EUR/JPY trading sideways around 111.00
2012-04-02 01:58 GMT | EUR/USD closes the opening gap
2012-04-02 01:30 GMT | Australia Feb Building Permits (MoM) -7.8%

--------------
EURUSD : 1.33381 / 1.33388
DAILY WEEKLY MONTHLY



1.3548 | 1.3498 | 1.3451 | 1.3382
1.3308 | 1.3260 | 1.3220 | 1.3177

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD after a short consolidation, continue to rise from Friday’s support level of 1.3260(S2) and has reached a high at 1.3382 (R1) so far. If we switch to an H4 timeframe, we can see that the pair is going through another consolidation and if the pair manages to hold above 1.3308 (S1) we can expect a further rise and retest towards our first resistance level at 1.3382 (R1). A break above that level would suggest target at 1.3451 (R2). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the price to move downwards and retest the first support level at 1.3308 (S1) and a deeper decline could be then supported at 1.3260 (S2).

---------------
GBPUSD : 1.59924 / 1.59935
DAILY WEEKLY MONTHLY



1.6178 | 1.6129 | 1.6071 | 1.6036
1.5943 | 1.5882 | 1.5842 | 1.5805

SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD moved upwards and formed a lower high at 1.6030 and after that the price fell retesting Friday’s support level. A break below 1.5943 (S1) would suggest target at 1.5882 (S2) and further fall will then be limited at 1.5842 (S3). On the other hand if the pair find a strong momentum to the upwards we expect the price to retest 1.6036 (R1) a significant level for the bulls as a break above that level would suggest target at 1.6071 (R2).

--------------
USDJPY : 83.040 / 83.044
DAILY WEEKLY MONTHLY



84.67 | 84.09 | 83.77 | 83.31
82.54 | 81.83 | 81.43 | 80.97

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY rebounded from 81.83 (S2) and made a sharp move upwards successfully penetrating our first resistance level and closed just below of our second level. It now seems the pair is doing a small correction before it continues its move upwards towards 83.77 (R2). A proper confirmation for long positions will be when the price manages to break above our first resistance level. A stop loss should be placed above 81.83 (S2)

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

post #95 of 471
Thread Starter 

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

----------------
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).

--------------
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).

----------------
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, (http://www.fxcc.com)

post #96 of 471
Thread Starter 

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).

--------------
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, (http://www.fxcc.com)

post #97 of 471
Thread Starter 

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

----------------
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).

--------------
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, (http://www.fxcc.com)

post #98 of 471
Thread Starter 

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.
Read More
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, (http://www.fxcc.com)

post #99 of 471
Thread Starter 

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).

----------
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, (http://www.fxcc.com)

post #100 of 471
Thread Starter 

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

---------------
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).

---------------
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, (http://www.fxcc.com)

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