Daily Forex Market by FXCC

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Daily Forex Market by FXCC 24Jan2012

Euro Yen rallies from the eleven years lows seen over recent weeks

The euro gained 0.6 percent to $1.3013 at 5 p.m. New York time after rising to $1.3053, the highest level seen since Jan. 4. The seventeen nation common currency advanced 0.6 percent to 100.25 yen, while the dollar was little changed at 77.02 yen. EUR/JPY accelerated higher on Monday from an earlier test of 99.00, reaching fresh 4-week highs in the 100.50 price zone before ending trade in New York at 100.22, 0.70% higher on the day. a significant move away from the fresh eleven year lows being reached over recent weeks. The pound weakened 0.8 percent to 83.66 pence per euro at 5:01 p.m. London time. Sterling was little changed at 119.87 yen and $1.5580. The rally of the Pound versus the Dollar finally stalled at the key round number level of 1.5600 as the Greenback managed to trim its losses across the board. USD/CHF dropped more than 120 pips on Monday, sliding to its lowest level since Dec 21 at 0.9250 before recovering, the pair was printing around circa 0.9260, down 1.2% on the day earlier in the evening.
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UPCOMING EVENTS
2012-01-24 03:35 GMT | Japan BoJ Interest Rate Decision (Jan 24)
2012-01-24 08:28 GMT | Germany Purchasing Manager Index Manufacturing (Jan)
2012-01-24 08:58 GMT | European Monetary UnionPurchasing Manager Index Manufacturing (Jan)
2012-01-24 09:30 GMT | United Kingdom Public Sector Net Borrowing (Dec)

FOREX NEWS
2012-01-24 06:48 GMT | EUR/USD flat after Asian session
2012-01-24 04:34 GMT | GBP/USD retreats from 1.5600 on run to safety
2012-01-24 03:36 GMT | Japan Jan 24 BoJ Interest Rate Decision steadies at 0.1%
2012-01-24 02:08 GMT | EUR/AUD finds a short term base above 1.2350

EURUSD 1.30154 / 1.30160
DAILY WEEKLY MONTHLY
High: 1.30299 | Low: 1.29874 | Chg: 0.0002 0.02%



1.3267 | 1.3218 | 1.3150 | 1.3051
1.2986 | 1.2874 | 1.2838 | 1.2807

SUMMARY : up
TREND : up trend
MA10 : neutral
MA20 : neutral
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.2874 (S2) and reached a high yesterday at 1.3051 (R1). Following that we saw a correction towards the first support level at 1.2986 (S1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3051 (R1) and focus on 1.3150 (R2) a strong technical and psychological level.

GBPUSD 1.55586 / 1.55596
DAILY WEEKLY MONTHLY
High: 1.558 | Low: 1.5537 | Chg: -0.0008 -0.05%



1.5715 | 1.5698 | 1.5668 | 1.5601
1.5515 | 1.5449 | 1.5407 | 1.5343

SUMMARY : up
TREND : up trend
MA10 : neutral
MA20 : neutral
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD fell and formed a bottom at 1.5515 (S1). After that the price rebounded and was able to break above yesterday’s resistance at 1.5579 and it seems it will re-test a high soon. A break above the first resistance would suggest a target of 1.5668 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.5698 (R3). On the other hand, if the price does not manage to break above 1.5601 (R1) we can expect the pair to retest support at 1.5515 (S1) and a further fall will be limited to 1.5449 (S2).

USDJPY 77.004 / 77.009
DAILY WEEKLY MONTHLY
High: 77.047 | Low: 76.956 | Chg: -0.017 -0.02%



78.87 | 78.20 | 77.68 | 77.32
76.85 | 76.55 | 76.08 | 75.53

SUMMARY : neutral
TREND : sideway
MA10 : neutral
MA20 : neutral
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY rose yesterday and was stopped at 77.32 (S1) where price rebounded and fell forming a bottom at 76.85 (S1). A break below 76.85 (S1) will be a proper confirmation for short positions targeting 76.55 (S2) and 76.08 (S3). Look for short positions at current price with a stop loss above first resistance 77.32 (R1).

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/24012012

[alayoua]

Daily Forex Market by FXCC 25Jan2012

The dollar rose 0.8 percent to 77.67 yen at 5 p.m. in New York and touched 77.85, the highest level since Dec. 29. The greenback dropped 0.2 percent to $1.3036 per euro. The common currency rose 1 percent to 101.25 yen. The yen’s fall gained further momentum after breaking through the 70.40 yen per dollar level, which was a key technical level. The pound rose 0.4 percent to $1.5626 and appreciated 0.2 percent to 83.42 pence per euro. USD/CHF rose after Wall Street opened, rising to 0.9310 but failing to hold gains above the crucial round number of 0.9300 and retreated. The US Dollar lost the majority of the gains, falling to 0.9275 ending the day circa 0.9280, a nominal gain of 0.05% on the day.
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2012-01-25 00:30 GMT | Australia Consumer Price Index (YoY) (Q4)
2012-01-25 09:30 GMT | United Kingdom Bank of England Minutes
2012-01-25 09:30 GMT | United Kingdom BBA Mortgage Approvals (Dec)
2012-01-25 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q4) Preliminar


2012-01-25 03:17 GMT | EUR/JPY hits one-month high, 101.80 next resistance
2012-01-25 00:40 GMT | Australia: CPI rose 3.1% through the year to the December quarter, weaker than expected
2012-01-25 00:31 GMT | Australia Consumer Price Index (QoQ) 0% in 4Q
2012-01-25 00:06 GMT | Japan: Logs trade deficit for 2011, first in a generation

EURUSD 1.30250 / 1.30256
DAILY WEEKLY MONTHLY
High: 1.30469 | Low: 1.30155 | Chg: -0.0011 -0.08%



1.3267 | 1.3218 | 1.3132 | 1.3053
1.2953 | 1.2874 | 1.2838 | 1.2807

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : oversold


MARKET ANALYSIS - Intraday Analysis

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GBPUSD 1.55894 / 1.55906
DAILY WEEKLY MONTHLY
High: 1.56274 | Low: 1.55877 | Chg: -0.0035 -0.23%



1.5715 | 1.5698 | 1.5668 | 1.5627
1.5564 | 1.5515 | 1.5449 | 1.5407

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : oversold


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

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USDJPY 77.936 / 77.938
DAILY WEEKLY MONTHLY
High: 77.979 | Low: 77.615 | Chg: 0.272 0.35%



79.92 | 79.60 | 78.87 | 78.28
77.55 | 77.12 | 76.54 | 76.08

SUMMARY : up
TREND : up trend
MA10: Bullish
MA20: bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/25012012

[alayoua]

Daily Forex Market by FXCC 26Jan2012

MARKET OVERVIEW – JANUARY 26 2012
Cable continues it's eighth day of gains
The dollar traded at $1.3112 per euro as of 8:31 a.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21. Japan’s currency dropped to 101.98 yen per euro, the weakest since Dec. 26, before trading little changed at 101.93. The yen was at 77.76 per dollar from 77.78 yesterday, when it reached 78.28, the weakest since Nov. 29. GBP/USD traded in a wide range between circa 1.5525 and 1.5780 during Wednesday's sessions, ending trade in New York at 1.5654 reaching an eighth successive positive day, 0.20% higher on the day.

New Zealand’s dollar traded little changed at 81.69 U.S. cents and 63.48 yen. Australia’s dollar fetched $1.0601 from $1.0597. It traded at 82.39 yen from 82.43 yen. Canada’s currency, nicknamed the loonie, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time, the strongest level on a closing basis since Oct. 31. The currency earlier dropped as much as 0.6 percent. One Canadian dollar purchases 99.57 U.S. cents.

UPCOMING EVENTS
2012-01-26 07:00 GMT | Germany Gfk Consumer Confidence Survey (Feb)
2012-01-26 08:30 GMT | Italy Consumer Confidence (Jan)
2012-01-26 10:00 GMT | Italy Wage Inflation (YoY) (Dec)
2012-01-26 11:00 GMT | United Kingdom CBI Distributive Trades Survey - Realized (MoM) (Jan)

FOREX NEWS
2012-01-26 05:21 GMT | EUR/USD frozen above 1.3100 in Asia
2012-01-26 02:04 GMT | EUR/JPY poised to test 102.50
2012-01-26 02:04 GMT | USD/CHF consolidating above 0.9200
2012-01-26 02:03 GMT | GBP/USD steady around 1.5650 in early Asia


EURUSD 1.31184 / 1.31190
High: 1.31335 | Low: 1.30901 | Chg: 0.0013 0.1%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought



Resistance Levels: 1.3319 | 1.3287 | 1.3268 | 1.3204
Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813

Intraday Analysis: After the pair formed a bottom at 1.2930 –Fibonacci 23.6%, the EURUSD was able to break above yesterday’s resistance at 1.3050 (S1) and we now expect the price to find a strong resistance around 1.3150 – September low. A break above the 1.3150 level would suggest a target of 1.3204 (R1). On the other hand if the price fails to break above 1.3150, we can expect the pair to retest 1.3050 (S1). If we consider that the price is forming a top at the current level or the top is around 1.3150 then we should expect a correction downwards and then the continuation of the uptrend.


 
GBPUSD 1.56637 / 1.56646
High: 1.56755 | Low: 1.56481 | Chg: 0.0007 0.05%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral



Resistance Levels: 1.5881 | 1.5775 | 1.5715 | 1.5680
Support Levels: 1.5627 | 1.5552 | 1.5515 | 1.5449

Intraday Analysis: GBPUSD is forming higher bottoms and is now moving towards 1.5680 (R1) to retest that level again, as it is considered a technical and psychological resistance level for the bears. A break above that level will concentrate our focus at 1.5715 (R2). On the downside, if the price declines below 1.5627 (S1) we can expect the price to retest 1.5552 (S2) and then to bounce upwards for a continuation of the uptrend (intraday).

 
USDJPY 77.532 / 77.537
High: 77.807 | Low: 77.522 | Chg: -0.246 -0.32%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 79.86 | 79.21 | 78.75 | 78.28
Support Levels: 77.34 | 76.54 | 75.98 | 75.58

Intraday Analysis: USDJPY made a sharp move upwards and formed a top at 78.28 (R1) and then fell and was supported at 77.53. It now seems that it is going to retest our first support level at 77.34 (S1). If it breaks below that level, we can expect the price to retest our second support at 76.54 (S2). As we mentioned in yesterday’s analysis, a break above 77.28 (R1) brings the possibility of a trend reversal into play. As long as the pair remains below that level, the price remains trapped in a trading range on the daily timeframe and a downtrend on the weekly.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/26012012

[alayoua]

Daily Forex Market by FXCC 27Jan2012

MARKET OVERVIEW – JANUARY 27 2012
The dollar heads for a weekly decline

The dollar bought $1.3100 per euro as of 8:57 a.m. Tokyo time from $1.3109 Thursday. It yesterday dropped as low as $1.3184 per euro, the weakest level printed since Dec. 21. The greenback was little changed at 77.48 yen. The 17-nation euro fetched 101.50 yen from 101.53, following a 0.4 percent slide yesterday. The U.S. currency has weakened 1.3 percent versus the euro this week. It has appreciated 0.6 percent versus the yen since Jan. 20. The Euro retreated versus sterling after hitting at 0.8398, which was the strongest level seen in 4 weeks. The EUR/GBP dropped from the highs to 0.8347, a new daily low, during the American session. The US Dollar gained momentum across the board versus its major peers as Wall Street turned lower later in the NY session due to bank equities sliding. GBP/USD previously above 1.5700, lost strength retreating to 1.5685. USD/CHF bottomed on Wall Street opening at 0.9155, this was the lowest price witnessed since December 2, the pair moved off session lows later in the session. The recovery of the US Dollar found resistance at 0.9185/90
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UPCOMING EVENTS
2012-01-27 08:00 GMT | Spain Retail Sales (YoY) (Dec)
2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (3m) (Dec)
2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (YoY) (Dec)
2012-01-27 10:30 GMT | Switzerland KOF Leading Indicator (Jan)

FOREX NEWS
2012-01-27 05:20 GMT | EUR/JPY drops below 101.00 on general JPY buying interest
2012-01-27 04:01 GMT | EUR/JPY sneaks lower; 102.00 blocks rally scope
2012-01-27 00:27 GMT | Japan Retail Trade s.a (MoM) -0.4% in Dec
2012-01-27 00:04 GMT | BoJ to continue expansion of asset buying




EURUSD 1.31011 / 1.31016
High: 1.31193 | Low: 1.30775 | Chg: -0.0007 -0.05%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 1.3311 | 1.3268 | 1.3218 | 1.3185
Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813

Intraday Analysis: The EURUSD formed a top at 1.3185 (R1) and as mentioned in yesterday’s analysis we expect the price to make a correction downwards and then to continue its upward move. We expect the price to test 1.3050 (S1) a strong technical support level for the intraday, and then to bounce upwards towards 1.3185 (R1). A break above the 1.3185 level would suggest a target of 1.3218 (R2). Look for long positions around our support levels targeting 1.3218 (R2).


GBPUSD 1.56865 / 1.56875
High: 1.56955 | Low: 1.56612 | Chg: -0.0002 -0.01%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5735
Support Levels: 1.5621 | 1.5552 | 1.5449 | 1.5407

Intraday Analysis: GBPUSD made a high at 1.5735 (R1) as it continued its move upwards (since January 13th). We expect the price to retest 1.5621 (S1) and then to bounce upwards towards our first resistance level of 1.5735 (R1). A break above that level will concentrate our focus on 1.5775 (R2) a technical and psychological level as it has been retested 3 times in the past (November and December of 2011) and is considered a strong resistance level.

 
USDJPY 77.130 / 77.134
High: 77.483 | Low: 76.897 | Chg: -0.315 -0.41%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 79.86 | 78.75 | 78.28 | 77.85
Support Levels: 76.87 | 76.54 | 76.06 | 75.54

Intraday Analysis: USDJPY made a sharp move downwards this morning and confirmed our recommendations for short positions and also for a continuation of the downtrend. We except the price to continue its downward move as it is under bearish pressure at the moment and it seems to be heading towards 76.54 (S2) and 76.06 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 76.87 (S1). A stop loss should be placed above 77.85(R1).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/27012012

[alayoua]

Daily Forex Market by FXCC 30Jan2012

MARKET OVERVIEW – JANUARY 30 2012
Be mindful of SNB moves on the Swiss franc this coming week
The euro traded at $1.3213 as of 8:40 a.m. in Tokyo from $1.3220 on Jan. 27 in New York. It strengthened 2.2 percent against the dollar last week. It reached a low of circa 13190.5 in early trading. The common currency was little changed at 101.130 yen, following a 0.1 percent drop on Jan. 27. The dollar fetched 76.74 yen from 76.70. EUR/CHF is now quoted around its session high of 1.2065, up from an earlier low of 1.2058 and up 0.05% so far on the day. GBP/USD has traded in a tight range of 1.5710-35 in Asia, last at circa 1.5720, down approx. 0.08% so far today.

AUD/USD is virtually unchanged in early Asia-Pacific trade, holding slightly below the multi-month high of 1.0685, the pair is last quoted at 1.0610 after opening below past Friday’s closing price of 1.0637.

UPCOMING EVENTS
2012-01-30 All day | European Monetary Union EU Economic Summit
2012-01-30 | Germany Consumer Price Index (YoY) (Jan) Preliminar
2012-01-30 | Germany Consumer Price Index (MoM) (Jan) Preliminar
2012-01-30 08:00 GMT | Spain - Gross Domestic Product (QoQ) (Q4)

FOREX NEWS
2012-01-27 05:54 GMT | EUR/JPY dips to 101.00
2012-01-27 05:32 GMT | EUR/USD below 1.3200 in Asia
2012-01-27 01:39 GMT | Aussie struggling to hold above 1.0600 in Asia-Pacific
2012-01-27 00:49 GMT | USD/JPY recovering from oversold levels

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EURUSD 1.31532 / 1.31539
High: 1.32241 | Low: 1.31487 | Chg: -0.0065 -0.49%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold



Resistance Levels: 1.3388 | 1.33311 | 1.3268 | 1.3223
Support Levels: 1.3093 | 1.3050 | 1.2952 | 1.2877

Intraday Analysis: The EURUSD continued to rise from 1.3093 (S1) and reached a high this morning at 1.3223 (R1). Following that we can see now that the price is heading for a correction towards the second support level at 1.3050 (S2). A break below that level will be suggesting target at 1.2952(S3). On the other hand, If the price will have enough momentum we can expect a rise and retest towards 1.3223 (R1) and break above that level will be suggesting target at 1.3268 (R2).

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GBPUSD 1.56816 / 1.56828
High: 1.57309 | Low: 1.56781 | Chg: -0.0044 -0.28%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold



Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5741
Support Levels: 1.5621 | 1.5552 | 1.5515 | 1.5449

Intraday Analysis: GBPUSD broke above 1.5621 (S1) level and formed a top at 1.5741 (R1). It now seems to be heading towards the first support level 1.5621 for a retest. A break below that level would suggest a target of 1.5552 (S2) and a further decline will then focus on the next target at 1.5515 (S3). On the upside, if the price rebounds from the first support level we can expect retesting of 1.5741 (R1), a technical and psychological level. A further rise will then bring focus to the next resistance level at 1.5775 (R2). Look for short positions with a stop loss above 1.5741 (R1) as we expect the pair to move downwards.

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USDJPY 76.686 / 76.691
High: 76.775 | Low: 76.652 | Chg: -0.015 -0.02%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 79.86 | 78.75 | 78.28 | 77.28
Support Levels: 76.53 | 76.06 | 75054 | 75.04

Intraday Analysis: USDJPY fell sharply and formed a strong support level close to 76.53 (S1) .A break below that level we suggest further decline towards 76.06 (S2). On the other hand if the price manages to stay above our first support level of 76.53(S1) then the expected target is at 77.28 (R1). Our recommendation for today is long positions with a stop loss below 76.53 (S1)- (-35 pips).


Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/30012012

[alayoua]

Daily Forex Market by FXCC 31Jan2012

MARKET OVERVIEW – JANUARY 31 2012
Futures traders increase net shorts on the euro-dollar
The yen appreciated by 1% to 100.34 per euro by 5 p.m. New York time on Monday evening having earlier touched 99.99, the lowest level witnessed since Jan. 23. The Japanese currency strengthened 0.5 percent to 76.35 per dollar, reaching 76.22. Traders will recall that the yen touched 75.35 yen on Oct. 31st, this set a post World War II record low. After falling below 76.50 and reaching a 3-month low at 76.20, USD/JPY was unable to bounce above the 76.30 level and has been trading trapped in a tight range between 76.25 and 76.30. Price is currently printing at circa 76.30. The euro declined 0.1 percent to 1.20528 Swiss francs after sliding to 1.20405, the weakest level seen since Sept. 19th. The EUR/CHF did then recover after hitting the 4-month low. The Euro rose up after reaching its lowest level in 4 months versus the Franc, climbing back above the 1.2050 level as investors awaited positive news from the EU summit. After gaining ground for ten successive days, GBP/USD finally managed to end it's secular bullish run trading in New York at 1.5707 on Monday where it remains in consolidation, having lost a moderate 0.13% on the day.
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UPCOMING EVENTS
2012-01-31 00:01 GMT | United Kingdom Gfk Consumer Confidence (Jan)
2012-01-31 07:00 GMT | Germany Retail Sales (YoY) (Dec)
2012-01-31 08:55 GMT | Germany Unemployment Rate s.a. (Jan)
2012-01-31 10:00 GMT | European Monetary Union Unemployment Rate (Dec)

FOREX NEWS
2012-01-31 05:02 GMT | Japan Dec Housing Starts (YoY) -7.3%
2012-01-31 00:31 GMT | Australia National Australia Bank's Business Confidence increase to 3 in Dec.
2012-01-31 00:04 GMT | Japan: Industrial production flat, 2.5% increase predicted in January
2012-01-31 00:02 GMT | UK - Jan Gfk Consumer Confidence rises to -29

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EURUSD 1.31764 / 1.31769
DAILY WEEKLY MONTHLY
High: 1.31985 | Low: 1.31334 | Chg: 0.0034 0.25%



Resistance Levels : 1.3347 | 1.3313 | 1.3275 | 1.3234
Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD moved upwards and managed to stay above yesterday’s support 1.3075 (S2) and now it is moving towards 1.3234 (R1). A break above that level, we are suggesting a further rise towards 1.3275 (R2) and then 1.3313 (R3). On the other hand, if the price manages to hold below 1.3234 (R1) then we can expect retest of 1.3133 (S1) and then we will focus on 1.3075 (R2).

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GBPUSD 1.57359 / 1.57368
DAILY WEEKLY MONTHLY
High: 1.57423 | Low: 1.56979 | Chg: 0.0026 0.17%



Resistance Levels : 1.5879 | 1.5845 | 1.5813 | 1.5742
Support Levels : 1.5658 | 1.5626 | 1.5579 | 1.5535

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD found a strong support at 1.5658 (S1) level and this morning the price formed a top at 1.5742.Now it seems to be heading towards level 1.5742 (R1). A break above that level would suggest a target of 1.5813 (R2) and a further rise will then focus on the next target at 1.5845 (R3). On the downside, if the price rebounds from the first resistance level we can expect retesting of 1.5658 (S1), a technical and psychological level. A further decline will then bring focus to the next support level at 1.5626 (S2).

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USDJPY 76.322 / 76.327
DAILY WEEKLY MONTHLY
High: 76.413 | Low: 76.175 | Chg: -0.009 -0.01%



Resistance Levels : 78.28 | 77.55 | 76.89 | 76.42
Support Levels : 75.45 | 75.06 | 74.63 | 74.16

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY lost momentum yesterday and it is moving downwards towards our support levels. (R1). A break below 76.00 level will give us a proper confirmation for short positions targeting 75.45 (S1) and 75.06 (S2), as we expect the pair to continue its downwards pressure. A stop loss should be placed above 76.89 (S1).

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/31012012

[alayoua]

Daily Forex Market by FXCC 01Feb2012

MARKET OVERVIEW – FEBRUARY 01 2012
EUR/USD slips to five day lows due to a flight to safety

The euro traded at $1.3090 as of 8:00 a.m. in Tokyo from $1.3084 in New York yesterday where it slid by 0.5 percent. The seventeen nation shared common currency was little changed at 99.88 yen after touching 99.55 yesterday, the lowest price seen since Jan. 23. The dollar bought 76.31 yen from 76.27. USD/JPY dipped to as low as 76.15 on Tuesday, extending its decline to a fresh 3-month low. GBP/USD rallied to a zone at circa 1.5795 on Tuesday, reaching fresh 2-month highs from an earlier low of 1.5697. The pair ended the American session at 1.5754, 0.3% above its opening price. The amount of retail FX traders who are long Euro vs the Swissy has hit record highs according to the team at Daily FX, most expect that the Swiss National Bank will defend their stated Euro/Swiss Franc exchange rate at SFr 1.2000. Over 96% of retail traders are long.

NZD/USD opened Wednesday’s Asia-Pacific session with a bid appearance after peaking and closing at its highest price in four months. The pair climbed to the 0.8300 price zone overnight, up from a low of 0.8176. NZD/USD ended the American session at 0.8259, 0.85% up on the day. The Australian dollar surrendered most of its earlier gains versus the U.S. dollar on Tuesday, retreating sharply from the 1.0680 price zone. AUD/USD ended trade in New York at 1.0618, gaining 0.20% on the day.. The USD/CAD ended Tuesday with modest gains. The pair leapt from 3-month lows at 0.9962 to 1.0051.

UPCOMING EVENTS
2012-02-01 01:00 GMT | China NBS Manufacturing PMI (Jan)
2012-02-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Jan)
2012-02-01 08:53 GMT | Germany Purchasing Manager Index Manufacturing (Jan)
2012-02-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Jan)

FOREX NEWS
2012-02-01 06:25 GMT | USD/JPY investors patiently await cues from BoJ
2012-02-01 01:09 GMT | Aussie underpinned after 50.5 China Manuf PMI
2012-02-01 01:01 GMT | China Jan NBS Manufacturing PMI up to 50.5
2012-02-01 00:03 GMT | Australia Dec HIA New Home Sales (MoM) -4.9%

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EURUSD 1.30373 / 1.30380
High: 1.30906 | Low: 1.30325 | Chg: -0.0044 -0.34%
SUMMARY: Up
INTRADAY TREND: Upward penetration
MA10: Bullish
MA20: Bearish
STOCHASTIC: Overbought



Resistance Levels: 1.3274 | 1.3233 | 1.3161 | 1.3090
Support Levels: 1.3050 | 1.2988 | 1.2931 | 1.2877

Intraday Analysis: EURUSD made a sharp move downwards and formed a bottom at 1.3050 (S1) a strong technical support level. It now seems that it is going to retest 1.3050 (S1). A break below that level will be suggesting target at 1.2988 (S2) as we are in a correction phase of our uptrend. On the other hand if the price manages to break above 1.3090 (R1) we will then expect the price to retest 1.3161 (R2) and then further rise will then approach towards 1.3233 (R3).

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GBPUSD 1.57329 / 1.57334
High: 1.57666 | Low: 1.57277 | Chg: -0.0027 -0.17%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 1.6027 | 1.5945 | 1.5860 | 1.5726
Support Levels: 1.5626 | 1.5656 | 1.5552 | 1.5515

Intraday Analysis: GBPUSD has successfully broke above yesterday resistance 1.5726 and formed a top at 1.5796 (R1) and now it seems that it is heading towards 1.5656 (S2) for a correction. Fail to break below first support level then we will expect the price to retest 1.5796 (R1) and then further rise will limit to 1.5860 (S2). Our recommendations for today’s session is short positions targeting 1.5656 (S2) with a stop loss above 1.5796 (R1).

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USDJPY 76.225 / 76.230
High: 76.308 | Low: 76.145 | Chg: -0.037 -0.05%
SUMMARY: Neutral
INTRADAY TREND: Side way
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 78.28 | 77.84 | 77.28 | 76.63
Support Levels: 75.54 | 75.04 | 74.58 | 74.13

Intraday Analysis: USDJPY it is moving in trading range between the levels of 76.41 and 76.14. A break above upper level we be suggesting target at 77.28 (R2). On the other hand if the price breaks below lower level 76.14 then it will confirm our short position targeting 75.54 (S1) a technical and psychological level as it is a record low since 20 Oct. 2011.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/01022012

[alayoua]

Daily Forex Market by FXCC 02Feb2012

MARKET OVERVIEW – FEBRUARY 02 2012
Cable puts on over 600 pips inside two weeks
The dollar was at $1.3169 per euro as of 8:13 a.m. in Tokyo from $1.3161 in New York yesterday. It slid to $1.3234 on Jan. 27, the lowest since Dec. 13. The yen dipped 0.1 percent to 100.35 per euro after losing 0.5 percent yesterday. The Japanese currency was little changed at 76.19 per dollar and within only one yen of a record high set on Oct. 31 suggesting further BOJ intervention (by selling the yen) is only a matter of time. The GB pound traded above the 1.5800 mark, levels not seen since past November 2011. After bottoming at 1.5236 past Jan 13th, the pair has seen a steady winning strike adding over 600 pips during the past 2 weeks. The Swiss Franc bounced from the low of 0.9115 on Wednesday, the lowest level seen since December 2nd and the December 27 low. The pair began to rise at this level to gain 50 pips reaching prices above 0.9150, however, in early Asian trading the pair is now back printing quotes at 0.91340.

UPCOMING EVENTS
2012-02-02 00:30 GMT | Australia Trade Balance (Dec)
2012-02-02 07:00 GMT | Switzerland Trade Balance (Dec)
2012-02-02 10:00 GMT | EU - Producer Price Index (YoY) (Dec)
2012-02-02 10:00 GMT | EU - Producer Price Index (MoM) (Dec)

FOREX NEWS
2012-02-02 05:35 GMT | EUR/USD capped by 1.3200 in Asia
2012-02-02 05:14 GMT | EUR/JPY; bullish key reversal pattern confirmed
2012-02-02 00:33 GMT | Australia Dec Trade Balance 1.71B
2012-02-02 00:32 GMT | Australia Building Permits (MoM) -1% in Dec

EURUSD 1.31752 / 1.31758
DAILY WEEKLY MONTHLY
High: 1.31965 | Low: 1.31583 | Chg: 0.0015 0.11%



Resistance Levels :1.3372 | 1.3332 | 1.3267 | 1.3234
Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962

SUMMARY up
TREND up trend
MA10 neutral
MA20 neutral
STOCHASTIC neutral

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MARKET ANALYSIS - Intraday Analysis
EURUSD made a high at 1.3218 just a few pips away from the year high and our first resistance 1.3234 (R1) as it continued its move upwards (since January 13th). Going above the nearest resistance level at 1.3234 (R1) would confirm continuation of the bullish trend, towards the next objective upwards 1.3267 (R1). And if the price holds its momentum on the upside we can expect a further rise towards 1.3332 (R3). On the other hand, if the price does not manage to break above 1.3234 (R1) then we can expect the pair to retest support at 1.3133 (S1) and a further fall will be limited to 1.3075 (S2).

GBPUSD 1.58478 / 1.58493
DAILY WEEKLY MONTHLY
High: 1.58573 | Low: 1.58256 | Chg: 0.0015 0.09%



Resistance Levels : 1.5984 | 1.5967 | 1.5924 | 1.5882
Support Levels : 1.5798 | 1.5704 | 1.5653 | 1.5551

SUMMARY up


TREND up trend
MA10 neutral
MA20 neutral
STOCHASTIC Overbought

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MARKET ANALYSIS - Intraday Analysis
GBPUSD raised sharply yesterday and continued in rise from 1.5704 (S2) forming a top at 15882 (R1). If GBPUSD break above that level, we can expect target at 1.5924 (R2). Further rise will then focus on 1.5967 (R3). On the downside, decline below current support level 1.5798 (S1) will confirm our short positions towards 1.5704 (S2). Deeper fall will be probably be limited at 1.5653 (S3) support.

USDJPY 76.123 / 76.127
DAILY WEEKLY MONTHLY
High: 76.212 | Low: 76.107 | Chg: -0.087 -0.11%



Resistance Levels : 78.67 | 78.13 | 76.79 | 76.42
Support Levels : 76.01 | 75.53 | 75.03 | 74.51

SUMMARY Down
TREND sideway
MA10 bearish
MA20 Bearish
STOCHASTIC overbought

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MARKET ANALYSIS - Intraday Analysis
The USDJPY still trapped in range area of 76.42 – 76.01. A break in either direction will determine the trading bias in today’s session. Break below 76.01 will confirm our short positions targeting 75.53 (S2) and further fall will be limited at 75.03 (S3). On the other hand, a break above the first resistance level 76.42 (R1) will expect t the price to retest 76.79 (R2). In a longer time frame the pair is in a downtrend and both of our Moving Averages are bearish therefore wait for a break below 76.01 (S1) and then open a short position targeting second support level. A stop loss should be placed above 76.79 (R2).

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/02022012

[alayoua]

Daily Forex Market by FXCC 06Feb2012

The euro weakened versus 13 of its 16 major counterparts

USD/JPY opened the Asian trading session on Monday morning with an upside-gap price of 76.59, up from 76.54 Friday down from the recent (4-day high) of 76.13 printed last week. The euro fell 0.2 percent to $1.3129 as of 8:15 a.m. in Tokyo from the close in New York on Feb. 3. It lost 0.3 percent to 100.50 yen. GBP/USD has traded a limited 1.5785/1.5823 range at the start of trading this Monday, last at 1.5800.

AUD/USD has been slowly declining since Tokyo opened at 00:00 GMT. Data for both retail sales and jobs ads were disappointing in Aus., retail sales fell -0.1% expected to come in positive +0.2%, newspaper job ads fell -2.6% internet job ads rose +6.4. USD/CAD. After falling around 100 pips from its intra-day high at 1.0040, the Dollar has found support versus the Canadian at the lowest level seen since October 31 at 0.9930.
Read More

UPCOMING EVENTS
2012-02-06 00:31 GMT | Australia Retail Sales s.a. (MoM) (Dec)
2012-02-06 08:00 GMT | United Kingdom Halifax House Prices (3m/YoY) (Jan)
2012-02-06 09:30 GMT | EU - Sentix Investor Confidence (Feb)
2012-02-06 11:00 GMT | Germany Factory Orders s.a. (MoM) (Dec)

FOREX NEWS
2012-02-06 05:43 GMT | GBP/USD pressured in risk-off Asia
2012-02-06 03:38 GMT | AUD/USD trades down to 1.0700
2012-02-06 00:32 GMT | Australia ANZ Job Advertisements 6% in Jan
2012-02-06 00:31 GMT | Australia Dec Retail Sales s.a. (MoM) -0.1%

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EURUSD 1.30599 / 1.30605
DAILY WEEKLY MONTHLY
High: 1.31307 | Low: 1.30545 | Chg: -0.0097 -0.74%



1.3274 | 1.3241 | 1.3205 | 1.3167
1.3026 | 1.2986 | 1.2947 | 1.2909

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3026 (S1) and reached a high yesterday at 1.3205 (R2). It seems the pair is moving downwards and it will retest the first support 1.3026 (S1) soon. A break below that level would suggest a target of 1.2986 (S2) and a further decline will then focus on the next target at 1.2947 (S3). On the upside, if the price rebounds from the first support level 1.3026 (S1) we can expect retesting of 1.3167 (R1). A further rise will then bring focus to the next resistance level at 1.3205 (R2).

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GBPUSD 1.57723 / 1.57738
DAILY WEEKLY MONTHLY
High: 1.58217 | Low: 1.5765 | Chg: -0.0044 -0.28%



1.5913 | 1.5882 | 1.5860 | 1.5831
1.5749 | 1.5704 | 1.5653 | 1.5615

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5749 (S1). The pair reached a high at 1.5882 (R3) and then fell back towards 1.5749 (S1). Further fall will test 1.5704 (S2) and decline below this level, suggesting target at 1.5653 (S3). On the other hand, if price manages to stay above 1.5749 (S1) then we expect the price to retest 1.5831 (R1) and then further rise to 1.5860 (R2). We look for short positions in today’s session with a stop loss above 1.5831 (R1).

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USDJPY 76.705 / 76.708
DAILY WEEKLY MONTHLY
High: 76.802 | Low: 76.494 | Chg: 0.118 0.15%



77.97 | 77.58 | 77.29 | 76.89
76.01 | 75.54 | 75.05 | 74.69

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY rise sharply on Friday (70 pips) and made a top at 76.74. If it breaks above first resistance level 76.89 (R1) we can expect the price to approaches towards 77.29 (R1). Be on the alert for a correction downwards towards 76.49 and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue.


Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/06022012

[alayoua]

Daily Forex Market by FXCC 07Feb2012

Euro in limbo due to Greece stalemate..
The euro traded at $1.3122 as of 8:08 a.m. in Tokyo from $1.3130 in New York yesterday when it fell 0.2 percent. EUR/USD is trading a tight 1.3109-33 range in Tuesday’s Asia-Pacific session, last seen printing in the 1.3120 price zone, just above the 50-day EMA. The common currency was little changed at 100.47 yen after losing 0.3 percent yesterday. The dollar fetched 76.56 yen from 76.55. GBP/USD is trading in consolidation mode after rising around 100 pips during the days sessions from an intra-day low at 1.5730 to reach a daily high at 1.5840 on the back of talks on a possible Greece agreement. The pair is pricing at 1.5825, moving in a small range between 1.5820 and 1.5830. USD/CHF falls below 0.9200. The Dollar is currently trading lower versus the Swiss Franc. After testing highs at 0.9260, the USD/CHF fell sharply losing more than 90 pips to reach levels below 0.9200 and trade close to 0.9180. Price has been hitting 0.9200 in the early part of the Asian/Pacific session.

AUD/USD has been (late evening/early morning) in a consolidation range, trading between 1.0680 and 1.0763, ending the day lower at 1.0723, 25 pips below its starting price. In the Asia-Pacific session the paring is virtually unchanged, hovering circa 1.0720, as investors await the RBA interest rate decision. The Canadian currency, nicknamed the loonie, appreciated 0.9 percent to 99.34 cents per U.S. dollar yesterday in Toronto, from C$1.0018 on Jan. 27, the longest winning streak since the four weeks ended Oct. 28. The loonie touched 99.28 cents yesterday, the most since Oct. 31. One Canadian dollar buys $1.0066. At 1:00 am the price is currently 99.61 down 0.02 in the first part of the Asian/Pacific session.
Read More

UPCOMING EVENTS
2012-02-07 03:30 GMT | Australia RBA Interest Rate Decision (Feb 7)
2012-02-07 05:00 GMT | Japan Leading Economic Index (Dec) Preliminar
2012-02-07 11:00 GMT | Germany Industrial Production s.a. w.d.a. (YoY) (Dec)
2012-02-07 11:00 GMT | Germany Industrial Production s.a. (MoM) (Dec)

FOREX NEWS
2012-02-07 05:03 GMT | Japan Dec Coincident Index increase to 93.2
2012-02-07 05:02 GMT | Japan: Leading Economic Index (Dec): 94.3
2012-02-07 03:30 GMT | RBA Interest Rate Decision steadies at 4.25% in Feb 7
2012-02-07 00:01 GMT | UK - BRC Retail Sales Monitor - All (YoY) -0.3% in Jan

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EURUSD 1.31137 / 1.31144
DAILY WEEKLY MONTHLY
High: 1.31366 | Low: 1.30891 | Chg: -0.0017 -0.13%



1.3247 | 1.3205 | 1.3167 | 1.3141
1.3026 | 1.2962 | 1.2909 | 1.2873

SUMMARY : up
TREND : sideway
MA10 : bullish
MA20 : bullish
STOCHASTIC :: neutral


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

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GBPUSD 1.58071 / 1.58081
DAILY WEEKLY MONTHLY
High: 1.58314 | Low: 1.57962 | Chg: -0.0016 -0.1%



1.5919 | 1.5882 | 1.5860 | 1.5831
1.5729 | 1.5704 | 1.5653 | 1.5604

SUMMARY :up
TREND : up trend
MA10 : Bullish
MA20: bullish
STOCHASTIC : oversold


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

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USDJPY 76.665 / 76.669
DAILY WEEKLY MONTHLY
High: 76.78 | Low: 76.517 | Chg: 0.118 0.15%



77.92 | 77.68 | 77.29 | 76.80
76.49 | 76.25 | 76.01 | 75.54

SUMMARY : up
TREND : up trend
MA10 : bullish
MA20 : bullish
STOCHASTIC : oversold


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/07022012

[alayoua]

Daily Forex Market by FXCC 08Feb2012

The euro was 0.1 percent from an eight-week high..

The euro traded at $1.3252 as of 8:30 a.m. in Tokyo from $1.3261 in New York yesterday, when it climbed to as high as $1.3270, the most since Dec. 12. The shared currency was little changed at 101.80 yen after advancing 1.3 percent to 101.79 yen yesterday. The yen was at 76.80 per dollar from 76.76. GBP/USD ranged below 1.5900, the British pound hit a fresh 3-month high versus the greenback, peaking at 1.5903 from an earlier low of 1.5786 before experiencing a slight pullback to end the American session at 1.5894, up circa 0.47% on the day. EUR/CHF rose more than 40 pips throughout Tuesday and hit its highest rate since Jan 25 at 1.2100 before retreating. Interim head of the SNB, Thomas Jordan, confirmed Tuesday that the SNB is determined to maintain the minimum exchange rate at circa 1.20.
Read More

UPCOMING EVENTS
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Current (Jan)
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Outlook (Jan)
2012-02-08 06:45 GMT Switzerland Unemployment Rate n.s.a (MoM) (Jan)
2012-02-08 07:00 GMT GermanyTrade Balance s.a. (Dec)

FOREX NEWS
2012-02-08 06:32 GMT EUR/USD breaks higher ahead of London
2012-02-08 05:10 GMT Japan Jan Eco Watchers Survey: Outlook 47.1
2012-02-08 00:01 GMT United Kingdom Jan BRC Shop Price Index (MoM) 1.4%
2012-02-08 00:00 GMT Japan Trade Balance - BOP Basis ¥-145.8B in Dec

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EURUSD 1.32725 / 1.32729
DAILY WEEKLY MONTHLY
High: 1.32866 | Low: 1.32414 | Chg: 0.0013 0.09%



1.3398 | 1.3371 | 1.3340 | 1.3313
1.3205 | 1.3096 | 1.3026 1.2979

SUMMARY : up
TREND : up trend
MA10 : bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

EURUSD has successfully broken above yesterday's resistance of 1.3141 and took out our 2 targets that were set below 1.3205. The price broke above that level and this is a valid breakout of the trading range (H4). Traders that held their positions as per yesterday’s analysis, saw gains of +150. The price now seems to be heading towards 1.3313 (R1). If the pair fails to reach that level we can expect the price to retest 1.3241 and then to continue its upward move as we are in a clear uptrend in the intraday timeframe since the beginning of February. Look for long positions as the momentum is upwards.

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GBPUSD 1.59098 / 1.59106
DAILY WEEKLY MONTHLY
High: 1.59179 | Low: 1.58859 | Chg: 0.0017 0.11%



1.6137 | 1.6014 | 1.5987 | 1.5940
1.5860 | 1.5831 | 1.5788 | 1.5729

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD saw a sharp rise yesterday and broke above 1.5882, the second target in yesterday’s analysis (+80) and continued to rise from 1.5788 (S3) forming a top at 1.5900 . If the GBPUSD holds above that level we can expect a target at 1.5940 (R1). A further rise will then focus on 1.5987 (R3). On the other hand, if the price does not manage to hold above 1.5884 we can expect the price to move downwards and retest the first support level at 1.5860 (S1) a technical and psychological level for the bulls. We believe the upward momentum will continue.

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USDJPY 77.082 / 77.087
DAILY WEEKLY MONTHLY
High: 77.155 | Low: 76.739 | Chg: 0.325 0.42%



78.32 | 77.92 | 77.68 | 77.15
76.49 | 76.25 | 76.01 | 75.54

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum yesterday and made a top at 77.15 (S1) penetrating all of our resistance levels. A break above 77.15 (R1), our first resistance level, will give us a proper confirmation for long positions targeting 77.92 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 76.49 (S1). A further fall will then bring focus to the next support level at 76.25 (S2) and 76.01 (S3) a technical and psychological level.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/08022012

[alayoua]

Daily Forex Market by FXCC 09Feb2012

Australia’s dollar reached C$1.0784 on Wednesday, its highest level versus the loonie since May 1997.

The euro fell 0.1 percent to $1.3245 as of 8:30 a.m. in Tokyo from the close in New York yesterday. The European currency declined 0.1 percent to 102.03 yen. The dollar was unchanged at 77.04 yen. The pound was little changed at $1.5811 after losing 0.5 percent yesterday. USD/CHF has been consolidating since a sell off around the 0.9100 area on Tuesday, trading a limited range between 0.9104 and 0.9148 overnight and then through Wednesday before ending the trading session in New York virtually unchanged, at 0.9120.
Read More

UPCOMING EVENTS
2012-02-09 01:30 GMT China Consumer Price Index (YoY) (Jan)
2012-02-09 12:00 GMT United Kingdom BoE Interest Rate Decision (Feb 9)
2012-02-09 12:00 GMT United Kingdom BoE Asset Purchase Facility (Feb)
2012-02-09 12:45 GMT EU - ECB Interest Rate Decision (Feb 9)

FOREX NEWS
2012-02-09 05:02 GMT | Japan: Consumer Confidence Index (Jan): 40
2012-02-09 01:04 GMT | China PPI (YoY) improves to 2.7% in Jan from 1.7%
2012-02-09 01:04 GMT | China Jan Consumer Price Index (YoY) rises to 4.2%
2012-02-09 00:34 GMT | AUD/JPY gently offered; off 4-month highs

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EURUSD 1.32997 / 1.33004
DAILY WEEKLY MONTHLY
High: 1.33124 | Low: 1.32149 | Chg: 0.0039 0.29%



Resistance Levels: 1.3431 | 1.3398 | 1.3375 | 1.3340
Support Levels : 1.3205 | 1.3162 | 1.3096 | 1.3026

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD managed to stay above 1.3242 after the breakout and now it seems that is moving upwards with a strong bullish momentum. The next upward target is set at 1.3340 (R1) and will then focus on 1.3375 (R2). Look for long positions in today’s trading session as we expect the EURUSD to continue its uptrend move.

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GBPUSD 1.58376 / 1.58388
DAILY WEEKLY MONTHLY
High: 1.58476 | Low: 1.57926 | Chg: 0.0022 0.14%



Resistance Levels: 1.5989 | 1.5964 | 1.5929 | 1.5869
Support Levels : 1.5788 | 1.5729 | 1.5704 | 1.5655

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD found a strong support at 1.5788 (S1) level and now the pair seems to be heading towards level 1.5869 (R1) for a retest. A break above that level would suggest a target of 1.5929 (R2) record high since October 2011 and a further rise will then focus on the next target at 1.5964 (R3) a technical and psychological level. Look for long positions as both of our Moving Averages turned bullish.

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USDJPY 77.196 / 77.198
DAILY WEEKLY MONTHLY
High: 77.233 | Low: 77.004 | Chg: 0.166 0.22%



Resistance Levels : 78.71 | 78.39 | 77.93 | 77.56
Support Levels : 76.83 | 76.49 | 76.25 | 76.01

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms and now is moving towards 77.56 (R1) a technical and psychological resistance level for the bullish. A break above that level, can expect the price to retest 77.93 (R2). On the downside, decline below 76.83 will confirm our short positions towards 76.25 (S3) and then 76.01 (S4).


Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/09022012

[alayoua]

Daily Forex Market by FXCC 10Feb2012

The 17-nation euro heads for its biggest 5 day advance versus the yen in over 17 weeks.

The euro was at $1.3276 as of 9:40 a.m. in Tokyo from $1.3286 in New York yesterday, when it reached $1.3322, the highest level since Dec. 12. It fetched 103.14 yen from 103.19. It climbed to as high as 103.29 yen yesterday, the strongest level since Dec. 12. Japan’s currency was little changed at 77.70 per dollar after earlier sliding to as low as 77.75, the weakest level since Jan. 26. The so-called Aussie lost 0.3 percent to $1.0754 and retreated 0.2 percent to 83.57 yen. The euro is set to rise 0.9 percent against the dollar this week. The shared currency is poised for a 2.4 percent gain versus the yen, the biggest since the week through Oct. 14. The GBP/USD upwards movement from 1.5790 was capped at 1.5882 with the pair falling around 65 pips to arrest at a support level at 1.5815.

UPCOMING EVENTS
2012-02-10 07:00 GMT | Germany Consumer Price Index (YoY) (Jan)
2012-02-10 08:15 GMT | Switzerland Consumer Price Index (MoM) (Jan)
2012-02-10 08:15 GMT | Switzerland Consumer Price Index (YoY) (Jan)
2012-02-10 09:30 GMT | UK - Producer Price Index - Input (YoY) n.s.a (Jan)

FOREX NEWS
2012-02-10 05:36 GMT | GBP/USD under pressure ahead of Europe
2012-02-10 04:16 GMT | Aussie weaker vs. majors
2012-02-10 03:05 GMT | China Jan Trade Balance increase to 27.3B
2012-02-10 00:19 GMT | EUR/CAD hits resistance ahead of 1.3250

EURUSD 1.32455 / 1.32458
DAILY WEEKLY MONTHLY
High: 1.32907 | Low: 1.3245 | Chg: -0.0038 -0.28%



Resistance Levels :1.3432 | 1.3395 | 1.3367 | 1.3322
Support Levels : 1.3215 | 1.3167 | 1.3096 | 1.3055

SUMMARY : up
TREND : up trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3215 (S1) and reached a high yesterday at 1.3322 (R1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3322 (R1) and then a focus on 1.3367 (R2), a strong technical and psychological level. Our recommendation for today’s trading session is no position as we do not have a clear trend direction.

-
GBPUSD 1.57729 / 1.57734
DAILY WEEKLY MONTHLY
High: 1.5819 | Low: 1.57669 | Chg: -0.0041 -0.26%



Resistance Levels :1.6023 | 1.5977 | 1.5929 | 1.5885
Support Levels : 1.5723 | 1.5677 | 1.5612 | 1.5578

SUMMARY : neutral
TREND : sideway
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell yesterday and was supported close to 1.5723 (S1). It seems it will be retesting that level again. A break below that level will trap the pair in a trading range. We remain flat for today’s trading session until we see a break-out upwards or downwards. No position.

-
USDJPY 77.661 / 77.666
DAILY WEEKLY MONTHLY
High: 77.75 | Low: 77.519 | Chg: 0.019 0.02%



Resistance Levels : 79.26 | 78.89 | 78.28 | 77.76
Support Levels : 77.19 | 76.83 | 76.22 | 75.78

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY rose yesterday and formed a top at 77.76 (R1). A break above that level will then focus attention on 78.28 (R2) a technical level for a trend reversal. If we switch our timeframe to H4 we can see the price is approaching the record high for the year of 77.28 and a break above that level, brings the possibility for a break out and trend reversal for an uptrend. We remain at no positions at the moment until we see a break out upwards or if the above scenario fails then obviously we are still trapped in a trading range. No position.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/10022012

[alayoua]

Daily Forex Market by FXCC 13Feb2012

EUR/USD spikes as Greek Parliament began counting 'austerity deal' votes
The euro rose 0.3 percent to $1.3239 as of 8:00 a.m. in Tokyo from last week's close in New York. The shared common currency gained 0.4 percent to 102.81 yen. The dollar fetched 77.66 yen from 77.61. USD/JPY opened the Asian session with a downside gap open of 77.54 on Monday, but then climbed to an early high of 77.66, recovering the early gap and Friday’s modest losses. EURUSD spiked over 40/45 pips as retail platforms opened, short covering squeeze then intensified. EUR/USD had opened the Asian session just above 1.3200, up from 1.3171 late Friday, the paring is edging higher into the 1.3230 area, resistance at 1.3258 (Nov low), support at 1.3197 (Dec high).
Read More

2012-02-13 00:30 GMT | Australia Home Loans (Dec)
2012-02-13 07:00 GMT | Germany Wholesale Price Index (MoM) (Jan)
2012-02-13 07:00 GMT | Germany Wholesale Price Index (YoY) (Jan)
2012-02-13 08:15 GMT | Switzerland Producer and Import Prices (MoM) (Jan)


2012-02-13 05:59 GMT | USD/JPY rangebound around 77.60 ahead of Europe
2012-02-13 03:54 GMT | GBP/USD still bid amid CBI outlook
2012-02-13 01:07 GMT | EUR/USD retreats after run to 1.3260
2012-02-13 00:30 GMT | Australia Home Loans 2.3% in Dec

--------------
EURUSD : 1.32728 / 1.32731
DAILY WEEKLY MONTHLY
High: 1.3276 | Low: 1.31987 | Chg: 0.0077 0.58%



1.3394 | 1.3367 | 1.3322 | 1.3285
1.3206 | 1.3153 | 1.3096 | 1.3026

SUMMARY : up
TREND up : trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3153 (S2) after which the price rebounded and was able to break above Friday’s support at 1.3206 and it seems it will soon re-test a high at 1.3322. A break above the first resistance level of 1.3285 (R1) would suggest a target of 1.3322 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3367 (R3). On the other hand, if the price does not manage to break above 1.3222 (R2) we can expect the pair to retest support at 1.3153 (S2) and a further fall will be limited to 1.3096 (S3).

--------------
GBPUSD : 1.58145 / 1.58157
DAILY WEEKLY MONTHLY
High: 1.58168 | Low: 1.57581 | Chg: 0.0062 0.39%



1.5961 | 1.5929 | 1.5885 | 1.5848
1.5757 | 1.5729 | 1.5700 | 1.5665

SUMMARY : Down
TREND down : trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD is forming lower tops, as it fell for 3 consecutive days after forming a high at 1.5929 (R3), and formed a strong support level at 1.5729 (S2). Following that we saw a correction towards 1.5799 and it seems the pair will re-test our support levels soon. A break below 1.5757 (S1) would suggest a target of 1.5729 (S2) and a further fall will then focus on the next target at 1.5700 (S3) a technical and psychological level. On the upside, if the price rebounds from the first support level we can expect retesting at 1.5848 (S2). A further rise will then bring focus to the next resistance level at 1.5885 (R2).

-------------
USDJPY : 77.688 / 77.691
DAILY WEEKLY MONTHLY
High: 77.779 | Low: 77.532 | Chg: 0.066 0.09%



78.98 | 78.67 | 78.28 | 77.80
77.25 | 76.83 | 76.49 | 76.25

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : neutral
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms and is now moving towards 77.80 (R1) a technical and psychological resistance level for the bulls. If the pair breaks above that level, can expect the price to retest 78.28 (R2). Be on the alert for a correction downwards towards 77.25 (S1) and then a continuation to an upward move. We believe that the bullish pressure will continue. Look for long positions in today's trading session.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/13022012

[alayoua]

Daily Forex Market by FXCC 14Feb2012

Yen Drops to Three-Month Low as Bank of Japan Boosts Stimulus..
Major currency pair and cross currency pair analysis: The euro traded at $1.3127 as of 8:30 a.m. in Tokyo from $1.3134 in New York yesterday, when it fell to as low as $1.3080, the weakest since Feb. 6. The common currency fetched 102.99 yen from 103.02. The dollar bought 78.46 yen from 78.44 yesterday, when it rose 1.1 percent. The euro has lost 4.8 percent in the past six months, the second-worst performance after the Swiss franc among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar gained 5.5 percent, and the yen rose 1.3 percent. The pound has declined 1.6 percent this year according to Bloomberg Correlation-Weighted Indexes, which track 10 developed-nation currencies. Over the past 12 months it has weakened 4.5 percent. The pound depreciated 0.6 percent to $1.5676 at 4:00 p.m. London time after falling as much as 0.7 percent, the most since Jan. 11. The currency has dropped 1.4 percent in the past week. Sterling declined 0.2 percent to 83.82 pence per euro. At midnight GMT cable was priced at 1.5689.
Read More

UPCOMING EVENTS
2012-02-15 09:30 GMT | UK - Claimant Count Change
2012-02-15 09:30 GMT | UK - Unemployment Rate
2012-02-15 10:30 GMT | UK - BOE Gov King Speaks
2012-02-15 10:30 GMT | UK - BOE Inflation Report

FOREX NEWS
2012-02-15 05:18 GMT | EUR/USD above 1.3150 in Asia
2012-02-15 04:58 GMT | AUD/USD stalls ahead of 1.0750
2012-02-15 01:29 GMT | GBP/JPY rally extends in Asia
2012-02-15 00:31 GMT | Australia Jan New Motor Vehicle Sales (MoM) 1.3%

--------------
EURUSD : 1.31790 / 1.31793
DAILY WEEKLY MONTHLY
High: 1.31906 | Low: 1.31086 | Chg: 0.005 0.38%



1.3379 | 1.3325 | 1.3285 | 1.3217
1.3112 | 1.3080 | 1.3026 | 1.2977

SUMMARY : Down
TREND : down trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

EUR/USD recovers after hitting 1.3080 (S2) but it’s kept below 1.3217 (R1) minor resistance and it seems after the correction upwards that it will soon retest our first support level 1.3112 (S1). A break above the first resistance level of 1.3212 (R1) would suggest a retest of 1.3385 (R2). On the other hand, a break below 1.3112 (S1) could trigger further bearish pressure targeting 1.3080 (S2) and a further fall will then focus on the next target at 1.3026 (S3).

-------------
GBPUSD : 1.57283 / 1.57291
DAILY WEEKLY MONTHLY
High: 1.57359 | Low: 1.56745 | Chg: 0.0036 0.23%



1.5923 | 1.5877 | 1.5828 | 1.5771
1.5676 | 1.5643 | 1.5604 | 1.5567

SUMMARY : Down
TREND : down trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD raised sharply yesterday and formed another correction upwards (intraday) above 1.5676 (S1) and continued in rise from 1.5643 (S2). If GBPUSD holds above first suppot level we can expect target at 1.5771 (R1). Further rise will then focus on 1.5828 (R3). On the other hand, if the price does not manage to hold above 1.5676 we can expect the price to move downwards and retest the second support level at 1.5643 (S1) a technical and psychological level for the bulls.

-----------------
USDJPY : 78.455 / 78.460
DAILY WEEKLY MONTHLY
High: 78.66 | Low: 78.355 | Chg: 0.018 0.02%



80.29 | 79.85 | 79.30 | 78.66
77.80 | 77.33 | 76.78 | 76.23

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY moved upwards and formed atop at 78.66 (R1) and now it is moving towards 78.80 (S1) for a correction. If the price breaks above 78.66 level we will suggest further rise towards 79.30 (R2) and then 79.85 (R3). The pair is moving upwards since beginning of February 2012 and both of our moving averages 10 and 20 are pointed bullish. Our recommendation for today’s session is long positions at current price with a stop loss below 77.80 (S1).

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/14022012

[alayoua]

Daily Forex Market by FXCC 16Feb2012

Aussie enjoys 50 pip spike versus greenback on excellent employment data.
The seventeen nation shared currency lost 0.1 percent to $1.3059 as of 8:00 a.m. in Tokyo from yesterday in New York, when it slid to $1.3044, the lowest level witnessed since Feb. 6. The euro dropped 0.1 percent to 102.39 yen. The dollar fell 0.1 percent to 78.39 yen. The Aussie declined 0.1 percent to $1.0689 and retreated 0.1 percent to 83.79 yen. GBP/JPY traded in range between 122.59 and 123.50 on Wednesday, ending trade in NY at 123.06, just a few pips above its starting price.
Read More

UPCOMING EVENTS
2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)
2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus
2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus
2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)

FOREX NEWS
2012-02-16 03:55 GMT | AUD/JPY slumps after early gains
2012-02-16 01:13 GMT | EUR/USD edging lower on Greek anxiety
2012-02-16 00:34 GMT | Australia Jan Employment Change s.a. -46.3K
2012-02-16 00:31 GMT | Australia Jan Unemployment Rate s.a. 5.1%

---------------
EURUSD : 1.30121 / 1.30127
DAILY WEEKLY MONTHLY
High: 1.30656 | Low: 1.2994 | Chg: -0.0054 -0.41%



1.3285 | 1.3217 | 1.3153 | 1.3080
1.3006 | 1.2956 | 1.2904 | 1.2867

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


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3006 (Fibo-38.2% level) a level that has been retested 3 times in the past. If the price manages to hold above 1.3006 (S1) we can expect retest of 1.3080 (R1) and further rise will then focus at 1.3153 (R2). Look for long positions in today’s trading session with a stop loss below 1.2956 (S2).

----------------
GBPUSD : 1.56744 / 1.56751
DAILY WEEKLY MONTHLY
High: 1.56973 | Low: 1.56596 | Chg: -0.0018 -0.12%



1.5877 | 1.5828 | 1.5771 | 1.5723
1.5643 | 1.5594 | 1.5567 | 1.5543

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell sharply yesterday and made a bottom at 1.5643 (S1). If it breaks below that level we can expect the price to retest 1.5594 (S2), a significant strong support level. Be on the alert for a correction upwards towards 1.5723 (R1) and then a continuation to a downward move. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue.

-------------
USDJPY : 78.470 / 78.473
DAILY WEEKLY MONTHLY
High: 78.52 | Low: 78.36 | Chg: 0.046 0.06%



80.00 | 79.67 | 79.09 | 78.66
77.80 | 77.34 | 76.78 | 76.43

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY after price formed top at 78.66 (R1), price continued in sideways move between 78.16 support and resistance at 78.66. Right now it seems USD is gaining momentum and we can expect probably the price will be targeting at second resistance at 79.09 (R2). Further rise above this level will then focus on 79.67 (R3) resistance and if USD holds its momentum, rise might be limited at 80.00 (R4) resistance.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/16022012

[alayoua]

Daily Forex Market by FXCC 17Feb2012

USD/CHF plunges due to Fed’s Ben Bernanke speech..
The euro rose 0.5 percent to $1.3130 at 5 p.m. in New York after sliding to $1.2974, the lowest level witnessed since Jan. 25. The shared seventeen nation common currency rose 1.1 percent to 103.65 yen after touching 103.84 yen, the highest level since Dec. 12. The dollar appreciated 0.7 percent to 78.95 yen after hitting 78.97 yen, the strongest level since Nov. 1 reaching 78.95 from an earlier session low of 78.34 before ending trade in NY at 78.92, 50 pips above its daily starting price. From key resistance at 0.9300, the USD/CHF plunged on the improved sentiment and is now around 0.9250. Sterling rose 0.2 percent to 83.13 pence per euro and gained 0.7 percent to $1.5800.
Read More

UPCOMING EVENTS
2012-02-17 07:00 GMT | Germany Producer Price Index (MoM) (Jan)
2012-02-17 07:00 GMT | Germany Producer Price Index (YoY) (Jan)
2012-02-17 08:55 GMT | Germany Purchasing Manager Index Services (Feb) Preliminar
2012-02-17 08:58 GMT | EU - Purchasing Manager Index Services (Feb) Preliminar

FOREX NEWS
2012-02-17 07:08 GMT | Germany: PPI grows more than expected in January
2012-02-17 07:02 GMT | Germany: PPI (MoM) grows 0.6% in Jan; (YoY) increases 3.4%
2012-02-17 02:06 GMT | USD weakens on healthy appetite for risk
2012-02-17 00:10 GMT | BoJ Minutes: Caution over Europe remains necessary

---------------
EURUSD : 1.31423 / 1.31432
DAILY WEEKLY MONTHLY



1.3322 | 1.3284 | 1.3216 | 1.3159
1.3080 | 1.2973 | 1.2904 | 1.2865

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD has reached a significant support level at 1.2973 (S2) it bounced from that level and rose subsequently to form a high at 1.3159 (R1). A break above that level would suggest a target of 1.3216 (R2) and a further rise will then focus on the next target at 1.3284 (R3). On the downside, if the price does manage to stay below current resistance level1.1.3159 (R1) we can expect retesting of 1.3080 (S1). A further decline will then bring focus to the next support level at 1.2973 (S2) a strong technical support level. We expect the price to retest first resistance level and then to move upwards targeting first and second resistance level. Look for long positions in today trading session with a stop los below 1.2973 (S2).

--------------
GBPUSD : 1.58056 / 1.58073
DAILY WEEKLY MONTHLY



1.5928 | 1.5885 | 1.5848 | 1.5827
1.5770 | 1.5735 | 1.5654 | 1.5613

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD rose sharply yesterday from 1.5654 (S3) and made a top at 1.5815. If it breaks above that level we can expect the price to retest 1.5885 (R3), a significant strong support level. Be on the alert for a correction downwards towards 1.1.5735 (S2) and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue. Look for long positions around 1.5735 (S2) with a stop loss below 1.5654 (S3).

--------------
USDJPY : 79.108 / 79.116
DAILY WEEKLY MONTHLY



82.20 | 81.43 | 80.13 | 79.74
78.19 | 77.36 | 76.53 | 76.02

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY is forming higher bottoms and we are in a clear uptrend move, as it rises for 2 consecutive weeks penetrating successfully yesterday’s resistance level 78.63. Both of our moving averages are giving a strong support to the pair in its uptrend move and are both bullish. Look for long positions targeting 79.74 (R1) a significant technical and psychological level for the bears. A stop loss should be placed below 78.60.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/17022012

[alayoua]

Daily Forex Market by FXCC 20Feb2012

USD/JPY has rallied above the October 31st post-intervention high as Japan posts record trade deficit

USD/JPY has rallied above the October 31st post-intervention high of 79.52 in early Asia, extending to a 6-month high of 79.82 after closing the Friday NY session at 79.48, last quoted at 79.70. The seventeen nation shared common currency has jumped to as high as 1.3176 at the weekly opening from 1.3155 late Friday in NY, market sentiment is ‘risk-on’ lifting EUR/USD to a fresh 4-day high of 1.3200 ahead of resistance at 1.3213. GBP/USD broke above resistance (circa 1.5860) to reach a fresh 7-day high of 1.5876 in the early Asia session on Monday, up circa 40 pips above the end of trading late Friday in New York
Read More

UPCOMING EVENTS
2012-02-20 00:01 GMT | United Kingdom Rightmove House Price Index (YoY) (Feb)
2012-02-20 05:00 GMT | Japan Leading Economic Index (Dec)
2012-02-20 07:00 GMT | Greece Current Account (YoY) (Dec)
2012-02-20 09:00 GMT | Italy Industiral Sales n.s.a. (YoY) (Dec)

FOREX NEWS
2012-02-20 05:21 GMT | Japan Dec Coincident Index up to 93.6
2012-02-20 05:20 GMT | Japan Dec Leading Economic Index up to 94
2012-02-20 00:23 GMT | USD/JPY capped below 79.90
2012-02-20 00:04 GMT | UK - Rightmove House Price Index (MoM) 4.1% in Feb

--------------
EURUSD : 1.32089 / 1.32098
DAILY WEEKLY MONTHLY



1.3375 | 1.3322 | 1.3284 | 1.3237
1.3139 | 1.3080 | 1.3020 | 1.2973

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


MARKET ANALYSIS - Intraday Analysis

After the pair formed a bottom at 1.2973 (S4) – Fibonacci 50% (daily chart), the EURUSD was able to break above yesterday’s resistance at 1.3139 (S1) and we now expect the price to find a strong resistance around 1.3300 – February high. A break above the first resistance level of 1.3237 (R1) would suggest a target of 1.3284 (R2). On the other hand if the price fails to break above 1.3237 (R1), we can expect the pair to retest 1.3139 (S1). We should expect a correction downwards towards 1.3139 (S1) and then a continuation of the uptrend.

----------------
GBPUSD : 1.58653 / 1.58671
DAILY WEEKLY MONTHLY



1.5993 | 1.5968 | 1.5928 | 1.5885
1.5815 | 1.5786 | 1.5735 | 1.5654

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


MARKET ANALYSIS - Intraday Analysis

The GBPUSD continued to rise from 1.5654 (S4) and reached a high yesterday at 1.5885 (R1). It seems the pair is heading for a correction and it will retest the first support level of 1.5815 (S1). A break below that level would suggest a target of 1.5786 (S2) and a further decline will then focus on the next target at 1.5735 (S3). On the upside, if the price rebounds from the first support level 1.5815 (S1) we can expect retesting of 1.5885 (R1). A further rise will then bring focus to the next resistance level at 1.5928 (R2) a strong technical resistance level – year high.

--------------
USDJPY : 79.527 / 79.541
DAILY WEEKLY MONTHLY



80.93 | 80.67 | 80.23 | 79.87
78.97 | 78.19 | 77.36 | 76.53

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


MARKET ANALYSIS - Intraday Analysis

The USDJPY continued to rise from 76.02 (S4) and reached a high on Friday at 79.87 (R1) a strong resistance level as it has been retested 3 times in the past (March, April, June 2011). If the bulls do not overcome that level then we expect the price to move downwards for a correction and then to continue its upwards move. A break below first support level would suggest a target of 78.19 (S2) and a further decline will then focus on the next target at 76.53 (S3). On the upside, if the price rebounds from the second support level 78.19 (S2) we can expect retesting of 79.87 (R1).Sustained rise will be then indicating second objective at 80.23 (R2) resistance level.

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/20022012

[alayoua]

Daily Forex Market by FXCC 21Feb2012

USD/JPY eyeing the critical psychological level of 80.00

The yen advanced 0.4 percent versus Europe’s common currency to 105.09 as of 9:00 a.m. in Tokyo. The dollar climbed 0.3 percent to $1.3206 per euro. The U.S. currency was little changed at 79.58 yen. USD/JPY could be in consolidation mode just below the 79.90 zone, which is the recent 6-month high recorded during Monday’s Asian session. EUR/JPY was weaker at the start of trading on Tuesday. Last seen quoting at 105.20 from 105.42 late Monday in NY. GBP/USD is weak in early Asia as the greenback is well bid across the board as risk aversion begins to take hold. The Pound has slid to a session low of 1.5820.

Read More

UPCOMING EVENTS
2012-02-21 00:30 | GMT Australia RBA Meeting's Minutes
2012-02-21 02:30 | GMT Australia RBA's Governor Glenn Stevens Speech
2012-02-21 04:30 | GMT Japan All Industry Activity Index (MoM) (Dec)
2012-02-21 07:00 | GMT Switzerland Trade Balance (Jan)

FOREX NEWS
2012-02-21 04:32 | GMT Japan: All Industry Activity Index (MoM) (Dec): 1.3%
2011-08-10 11:14 | GMT EZ FinMin reach deal on Greece
2012-02-21 02:56 | GMT NZ: Inflation expectations slide to 2.5% in Q1; 0.5% rise expected in Q2
2012-02-21 00:22 | GMT EUR/JPY in bearish mode on general euro weakness

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EURUSD : 1.32813 / 1.32821
DAILY WEEKLY MONTHLY



1.3424 | 1.3375 | 1.3322 | 1.3291
1.3182 | 1.3139 | 1.3080 | 1.3020

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


MARKET ANALYSIS - Intraday Analysis

EURUSD made a sharp move upwards and confirmed our recommendations for long positions hitting successfully the first resistance level at 1.3291 (R1) .We except the price to continue its upward move as it is under bullish pressure at the moment and it seems to be heading towards 1.3322 (R2) a strong technical resistance. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3291 (R1). If the price fails to break above first level then it will probably move towards the first support level 1.3182 (S1) for a retest and then to continue its upwards move.

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GBPUSD : 1.58560 / 1.58581
DAILY WEEKLY MONTHLY



1.5993 | 1.5968 | 1.5928 | 1.5879
1.5808 | 1.5782 | 1.5735 | 1.5654

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell yesterday from 1.5879 (R1) and made a bottom at 1.5808 (S1). If it breaks below that level we can expect the price to retest 1.5782 (S2), a significant strong support level. A further decline will then bring focus to the next support level at 1.5735 (S3). We expect the price to retest and break below first support level targeting 1.5782 (S2) and then 1.5735 (S3). Look for short positions in today's trading session with a stop loss above 1.5879 (R1).

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USDJPY : 79.785 / 79.797
DAILY WEEKLY MONTHLY



80.93 | 80.67 | 80.23 | 79.87
78.97 | 78.64 | 78.19 | 77.36

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


MARKET ANALYSIS - Intraday Analysis

USDJPY formed a high at 79.87 (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 weekly 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 USDJPY. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 79.87 (R1). A stop loss should be placed below 79.28 (above S1).

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/21022012

[alayoua]

Daily Forex Market by FXCC 22Feb2012

The yen fell for a fourth day versus the dollar, the longest losing streak in more than two months.

The yen fell 0.1 percent to 79.74 at 5 p.m. in New York, after touching 79.89 yesterday, the weakest level seen since Aug. 4. The euro declined less than 0.1 percent to $1.3234 after reaching $1.3293, the highest level since Feb. 9. Europe’s currency rose 0.1 percent 105.54 yen after earlier rising to 106.01 yen, the most since Nov. 14. Sterling was one of the weaker performers versus the US dollar on Tuesday, recording a daily decline of circa 0.40%. GBP/USD is still under pressure, printing at 1.5790 from 1.5844.
Read More
URL: https://support.fxcc.com/email/technical/21022012

UPCOMING EVENTS
2012-02-22 08:30 | GMT GermanyPurchasing Manager Index Manufacturing (Feb)
2012-02-22 09:00 | GMT EU - Purchasing Manager Index Manufacturing (Feb)
2012-02-22 09:30 | GMT United Kingdom Bank of England Minutes
2012-02-22 10:00 | GMT EU - Industrial New Orders (YoY) (Dec)

FOREX NEWS
2012-02-22 04:59 | GMT USD/JPY above 80.00
2012-02-22 02:31 | GMT China HSBC Manufacturing PMI 49.7 in Feb
2012-02-22 02:02 | GMT New Zealand Credit Card Spending s.a. (YoY) 3.1% in Jan
2012-02-22 00:32 | GMT Australia Wage Price Index (QoQ) 1% in 4Q

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EURUSD : 1.32579 / 1.32589
DAILY WEEKLY MONTHLY


1.3424 | 1.3375 | 1.3322 | 1.3291
1.3182 | 1.3139 | 1.3080 | 1.3020

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


MARKET ANALYSIS - Intraday Analysis

EURUSD fell yesterday and formed a low just 12 pips away from our support level 1.3182 confirming our scenario for retesting that level and then continuing an upward move. The euro has been trapped in a sideways direction between 1.3291 (R1) and 1.3182 (S1). If we switch to a higher timeframe (4 hours or daily) we can observe a double top and this is a signal for a trend reversal. The EURUSD whipsawed traders on February, breaking higher, breaking lower, trading sideways and lastly forming a double top giving signs for trend reversal. Our recommendation for today’s trading session is no position until we get a clearer trend direction.

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GBPUSD : 1.57839 / 1.57857
DAILY WEEKLY MONTHLY



1.5928 | 1.5879 | 1.5839 | 1.5807
1.5762 | 1.5735 | 1.5700 | 1.5654

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move downwards from 1.5860 towards 1.5762 level, successfully touching our support level and confirming our recommendations for short positions (+78 pips). Now the price has found a strong support at 1.5762, 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 and the price is using them as a strong resistance. Look out for a correction upwards towards 1.5807 (R1) and then the continuation of the downward move.

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USDJPY : 80.031 / 80.045
DAILY WEEKLY MONTHLY



81.86 | 81.47 | 80.93 | 80.67
79.35 | 78.97 | 78.69 | 78.19

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


MARKET ANALYSIS - Intraday Analysis

The USDJPY broke above our resistance level 79.87 – yearly high, and has confirmed the upward direction seen since the beginning of February. So the most likely scenario is that the pair will continue its upward move targeting 80.67 (R1) and then a further rise will be limited to 81.47 (R2). Look for long positions in today’s trading session as the pair is in a strong upwards momentum with a stop loss below 79.35 (S1).

Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)