Stock, Commodity & FX Tips etc - all these tips must be posted in this thread

[alayoua]

Daily Forex Market by FXCC 07Mar2012

AUD/USD off 5-week lows above 1.0520

EUR/USD is currently at 1.3137 retreating from session highs at 1.3150. Up +0.16% for the session, bounces from fresh 2-week lows at 1.3103 late NY, accelerating to the upside moments after worse than expected Australian 4Q GDP came out at 00:30 GMT. GBP/USD is trading a tight 40-pip range between 1.5698 and 1.5738 so far this Wednesday following a sharp overnight drop to current levels on the back of broad-based USD strength.

EUR/JPY has so far traded a tight 105.69- 106.40 range this Wednesday following a sustained break of the 107.00 handle overnight, sliding 1.6% to 106.05.Along with the dollar, the Japanese yen was the benefactor of a significant flight to safety on global growth and Greek PSI concerns, as investors sought refuge in safe-haven assets. Aussie is back above previous daily lows now around 1.0540, after falling to fresh 5-week lows at 1.0509. With much worse than expected Australian 4Q GDP rising half of expected +0.8%, AUD/USD dropped from session highs around 1.0570, to mentioned lows in a blink of an eye.


UPCOMING EVENTS
2012-03-07 00:30 GMT | Australia Gross Domestic Product (YoY) (Q4)
2012-03-07 06:45 GMT | Switzerland Unemployment Rate n.s.a (MoM) (Feb)
2012-03-07 11:00 GMT | Germany Factory Orders s.a. (MoM) (Jan)
2012-03-07 11:00 GMT | Germany Factory Orders n.s.a. (YoY) (Jan)

FOREX NEWS
2012-03-07 05:08 GMT | Japan Leading Economic Index 94.9 in Jan
2012-03-07 00:32 GMT | Australia 4Q Gross Domestic Product (YoY) 2.3%
2012-03-07 00:31 GMT | Australia 4Q Gross Domestic Product (QoQ) 0.4%
2012-03-07 00:01 GMT | United Kingdom: BRC Shop Price Index (MoM) (Feb): 1.2%

-------------
EURUSD : 1.31382 / 1.31391
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3280 | 1.3240
1.3103 | 1.3053 | 1.3023 | 1.2985

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


MARKET ANALYSIS - Intraday Analysis

EURUSD moved downwards and successfully penetrated our second support forming a new low at 1.3103 (S1) profiting on our target recommended in yesterday’s analysis gaining a total of 51 pips!! The pair is under bearish pressure since the price made a high at 1.3480 and retested it twice without succeeding to break above it with a resulting reversal and downwards move. A break below the 1.3103 (S1) level would suggest a target at 1.3053 (S2) and a further fall will then focus on 1.3023 (S3). We believe the pair will continue the downward move and will find a strong support at 1.2985 (S4) a significant technical and psychological level.

--------------
GBPUSD : 1.57272 / 1.57283
DAILY WEEKLY MONTHLY



1.5992 | 1.5962 | 1.5896 | 1.5782
1.5695 | 1.5633 | 1.5580 | 1.5537

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move downwards and confirmed our recommendations for short positions below 1.5782 successfully hitting the second support level ending the day with 52 pips profit!!! We expect the price to continue its downward move as it is under bearish pressure at the moment (both of our MA 10 - 20 are bearish). Watch for a further correction upwards towards first resistance. So, our recommendation for today’s trading session is look for short positions close to our first resistance 1.5782 (R1) targeting 1.5633 (S2) with a stop loss below 1.5896 (R2).

----------------
USDJPY : 80.743 / 80.751
DAILY WEEKLY MONTHLY



82.79 | 82.30 | 81.87 | 81.14
80.58 | 80.24 | 79.85 | 79.43

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


MARKET ANALYSIS - Intraday Analysis

The USDJPY fell on yesterday’s trading session and found a strong support below yesterday’s first recommended target giving us a small profit of 36 pips! After that that price rose and is now moving above 80.58 (S1). If the USDJPY made a top (daily chart) at 81.72 (R2), we should expect further correction downwards (Fibonacci levels) but if the price completes its correction to the current level then it should continue its upwards move. Our recommendation for today’s trading session is no position as we are in a crucial point of the market and it is very important to see a break above 81.14 or below 80.58 to determine the current trend of the market.

Source: FX Central Clearing Ltd

[alayoua]

Daily Forex Market by FXCC 08Mar2012

The ECB is expected to leave the interest rate unchanged at 1.0%

EUR/USD is currently dealing with session highs last at 1.3178, capped below descending trend line coming from 1.3485 double top Feb 29, and also below past Friday's lows and weekly close. Local share markets have been on the bounce today after three consecutive days falling, with US futures pointing higher and Nikkei index up by +1.51% above the 9700 points mark. GBP/USD opened the day at 1.5738 and spent the Asia-Pacific session trading in a 1.5722/45 range before breaking to a session high of 1.5755 as Asian stocks were lifted on a rumor that the PBoC may cut the RRR by 50bps today. USD/JPY has extended the bounce from its weekly low at 80.57 to 81.35 so far in the Asia-Pacific, last at 81.23 from 81.07 at the end of trade late Wednesday.

AUD/USD has just shot up to a session high of 1.0605 mid-day in Asia-Pacific trading, having rallied from an earlier post- Aussie unemployment rate session low of 1.0530 to 1.0606 on rumors the PBOC might cut the RRR 50 BPS later today. The EUR/JPY cross is currently retracing losses made earlier in the week and is pushing up against psychological resistance at the 107.00 mark after briefly peaking at 107.04.


UPCOMING EVENTS
2012-03-08 08:15 GMT | Switzerland Consumer Price Index (MoM) (Feb)
2012-03-08 12:00 GMT | United Kingdom BoE Interest Rate Decision (Mar 8)
2012-03-08 12:00 GMT | United Kingdom BoE Asset Purchase Facility (Mar)
2012-03-08 12:30 GMT | European Monetary Union ECB Interest Rate Decision

FOREX NEWS
2012-03-08 05:06 GMT | Japan Feb Eco Watchers Survey: Outlook up to 50.1
2012-03-08 04:25 GMT | EUR/JPY testing offers above 107.00
2012-03-08 00:31 GMT | Australia Unemployment Rate s.a. 5.2% in Feb
2012-03-08 00:05 GMT | Japan: Q4 GDP at an unsurprising -0.2%; record Jan current account deficit

---------
EURUSD : 1.31771 / 1.31781
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3280 | 1.3240
1.3096 | 1.3053 | 1.3023 | 1.2985

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


MARKET ANALYSIS - Intraday Analysis

EURUSD fell and found a strong support at 1.3096 (S1) a significant technical and psychological level. As we can see on the chart the pair is at a crucial point, as a break below 1.3096 (S1) will confirm a new trend – downtrend. On the other hand if the price manages to break above 1.3240 (R1) it will move above the uptrend trend line and it will indicate a continuation of the uptrend. As we are at a crucial point that it establish if we are in a turning point or if we are still in an uptrend, our recommendations for today’s trading session is no position until one of the above scenarios take place.

---------
GBPUSD : 1.57674 / 1.57683
DAILY WEEKLY MONTHLY



1.5991 | 1.5943 | 1.5895 | 1.5847
1.5695 | 1.5633 | 1.5580 | 1.5537

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD rally continued to push lower as yesterday the price retested 1.5695 (S1) level twice and failed to break lower as a result of an upwards move just below yesterday’s resistance. A break below 1.5695 (S1) will confirm our short positions targeting 1.5633 (S2) a level that has been retested a couple of times in the last two months but without succeeding to break below it, turning this into a strong technical level. On the other hand, if the pair retests and breaks above the first resistance level of 1.5782 (R1), we would expect the price to retest 1.5847 (R2) and a further rise will be limited at 1.5895 (R3).

---------
USDJPY : 81.312 / 81.320
DAILY WEEKLY MONTHLY



83.14 | 82.79 | 82.30 | 81.87
80.96 | 80.58 | 80.24 | 79.85

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


MARKET ANALYSIS - Intraday Analysis

USDJPY fell and formed a strong support at 80.58 (S1). After that the price made 3 attempts to break below it but without any success. Following that the price rose and successfully broke above yesterday resistance 81.14 and now it seems that is heading towards 81.87 (R1) a year high, for a retest. Both of our Moving Averages 10 and 20 turned bullish and as we can see the pair is gaining strong upwards momentum. Look for long positions at the current price targeting 81.87 (R1). A stop loss should be placed between 80.96 (S1) and 80.58 (S2).

Source: FX Central Clearing Ltd

[alayoua]

Daily Forex Market by FXCC 09Mar2012

EUR/USD sells-off as Greece completes debt swap with 85.8% participation

USD/JPY has jumped higher in Asia as weaker-than-expected Chinese CPI data looks to have stimulated investors’ risk appetites. The pair has moved up to as high as 81.88 from 81.54 late Thursday as it tests the 81.87 double top seen Monday and last Friday.The Euro fell this morning as the Greek govt announced it had completed a debt swap with participation at 85.8% vs expectations running as high as 90/95%, although the number stays very much in line with the first initial pre-announcement by Greek offcials at the NY close. €172 tendered vs €206 eligible with Greek officials saying they will enact CACs, as they will amend terms of Greek law bonds for all holders. Grecia has also said participation will be 95.7% (€197m) after CAC triggered. Finally, Greece says 69% of non-Greek bondholders participated.

After the push down to 84.80 at the start of the week, AUD/JPY has bounced nicely from the mentioned support zone and the recovery has extended to as high as 87.12 so far in the Asia-Pacific. AUD/USD is having a minor pull-back from 1.0640 to 1.0634 after the China's consumer price index (CPI), a main gauge of inflation, came in lower-than-expected at 3.2% vs 3.5%, down from January's 4.5% increase.

UPCOMING EVENTS
2012-03-09 09:30 GMT | United Kingdom Manufacturing Production (YoY) (Jan)
2012-03-09 09:30 GMT | United Kingdom Producer Price Index - Input (YoY)
2012-03-09 12:00 GMT | Canada Unemployment Rate (Feb)
2012-03-09 12:00 GMT | Canada Net Change in Employment (Feb)

FOREX NEWS
2012-03-09 05:34 GMT | China Retail Sales (YoY) falls to 14.7% in Feb from 18.1%
2012-03-09 01:37 GMT | China: CPI weaker than expected at 3.2% in Feb
2012-03-09 01:33 GMT | China Feb Consumer Price Index (YoY) 3.2%
2012-03-09 00:39 GMT | Australia Jan Trade Balance -0.673B

---------------
EURUSD : 1.32410 / 1.32418
DAILY WEEKLY MONTHLY



1.3485 | 1.3424 | 1.3362 | 1.3291
1.3159 | 1.3096 | 1.3053 | 1.2985

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


MARKET ANALYSIS - Intraday Analysis

In yesterday’s analysis we said we were expecting the EURUSD either to break above the uptrend trend line (daily), confirm that the pair is still in an uptrend or to break below 1.3100 and to establish a new trend – down trend. As we can see on the chart the bullish scenario took place and the price broke above the uptrend trend line determining that the uptrend is still in effect. The EURUSD rose and moved below our first resistance this morning at 1.3291 (R1) and now it seems that it is close to retesting the uptrend trend line again just above our first support. Look for long positions above the first support level targeting 1.3291 (R1) and further rise will then be limited at 1.3362 (R2).

---------------
GBPUSD : 1.58039 / 1.58051
DAILY WEEKLY MONTHLY



1.5991 | 1.5943 | 1.5882 | 1.5847
1.5778 | 1.5695 | 1.5633 | 1.5580

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move upwards and successfully broke above yesterday’s resistance level continuing our winning streak by giving as a good profit (+49 pips). As long as it is above our second support level 1.5695 (S2), we can look for long positions close to our first support at 1.5778 (S1). A stop loss should be placed at 1.5695 (S2) but the most conservative and tactical traders can hold and wait for the break above 1.5847 (R2) to open their long positions targeting 1.5882 (R2).

---------------
USDJPY : 81.684 / 81.694
DAILY WEEKLY MONTHLY



83.14 | 82.79 | 82.30 | 81.88
81.31 | 80.94 | 80.58 | 80.24

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


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms successfully penetrating yesterday's target ending our day with 53 pips of profit!! After that the price found a strong resistance at 81.88 (R1), a yearly high. We expect the price to move upwards but only a break above 81.88 (R1) will give as a confirmation for long positions targeting 82.79 (R3). A stop loss should be placed at 81.31 (S1).


Source: FX Central Clearing Ltd

[alayoua]

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.

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).

[alayoua]

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.


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

[alayoua]

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.


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).

[alayoua]

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.


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).

[alayoua]

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.


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

[alayoua]

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).


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

[alayoua]

Daily Forex Market by FXCC 20Mar2012

GBP/USD pressured ahead of key CPI data

EUR/USD has been on corrective mode all Asian trade long, printing lows at 1.3225 and highs at 1.3243, last at 1.3231. Local share markets are mostly in the red, with Japan on holiday, following gas prices rising in China, and comments from BHP on slowing iron demand from China, which has sent Aussie lowest for the week, triggering some USD rally across the board. Oil and gold also trade at session lows while these lines are being written.GBP/USD traded down to 1.5865 during the Asia-Pacific session Tuesday, as risk appetite waned and investors favored the safety of the US dollar as Asian stocks traded in red.

AUD/USD has come under renewed selling pressure in Asia as traders react negatively to comments from an executive at BHP, sliding sharply from it session high of 1.0623 to a fresh session low of 1.0575 and threatening to edge lower.
Read More
https://support.fxcc.com/email/technical/20032012/

UPCOMING EVENTS
2012-03-20 07:00 GMT | Germany Producer Price Index (YoY) (Feb)
2012-03-20 07:00 GMT | Germany Producer Price Index (MoM) (Feb)
2012-03-20 09:30 GMT | United Kingdom Consumer Price Index (YoY) (Feb)
2012-03-20 09:30 GMT | United Kingdom Retail Price Index (YoY) (Feb)

FOREX NEWS
2012-03-20 05:31 GMT | EUR/USD in corrective mode above 1.3220 in Asia
2012-03-20 05:25 GMT | GBP/USD pressured ahead of key CPI data
2012-03-20 02:31 GMT | EUR/AUD hit fresh 5-day highs above 1.2510
2012-03-20 02:11 GMT | AUD/USD back under pressure on BHP comments

---------
EURUSD : 1.32332 / 1.32343
DAILY WEEKLY MONTHLY



1.3421 | 1.3378 | 1.3324 | 1.3264
1.3189 | 1.3119 | 1.3048 | 1.3003

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


MARKET ANALYSIS - Intraday Analysis

EURUSD rise from 1.3150 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just below of our recommended target ending our day with profits (+48 pips)!! After the price formed a top at 1.3264 (R1), the price fell and now is moving above our first support level. We expect the price to move upwards and retest the March high at 1.3264 (R1). Look for long positions at 1.3264 targeting 1.3291 (R2). A stop loss should be placed at 1.3224.

---------
GBPUSD : 1.58690 / 1.58706
DAILY WEEKLY MONTHLY



1.6034 | 1.5997 | 1.5967 | 1.5913
1.5819 | 1.5734 | 1.5654 | 1.5605

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD gained momentum in yesterday’s session and formed a higher bottom and top, successfully penetrating yesterday's target ending our day with 36 pips of profit! After that the price found a strong resistance at 1.5913 (R1), a yearly high. We expect the price to move upwards but only a break above 1.5913 (R1) will give as a confirmation for long positions targeting 1.5967 (R2).

---------
USDJPY : 83.434 / 83.442
DAILY WEEKLY MONTHLY



84.92 | 84.57 | 84.18 | 83.81
83.00 | 82.58 | 81.94 | 81.14

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


MARKET ANALYSIS - Intraday Analysis

The USDJPY trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3).

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

[ownedbox]

are you just using 2 moving average when trading or you also use some other else like macd and rsi?

[alayoua]

Daily Forex Market by FXCC 21Mar2012

EUR/USD ends Asian trade above Monday highs

EUR/USD is currently at 1.3267 retreating from session highs at 1.3283, highest since March 08, still up for the session +0.30% and +0.71% for the week. European futures point for a higher open following the run up in US futures in after hours, and the rise in commodities during the Asian trade, although local share markets have traded in a mixed way with mostly all indexes in the red, Nikkei lower near session lows by -0.59%.At the start of trading this Wednesday, USD/JPY is trading a tight 83.52-83.72 range, last at 83.60 with support levels noted at 83.30, 83.10 and 82.80, while resistance is seen at 83.80, 84.15 and 84.45.

AUD/USD has given up all of its earlier gains this Wednesday in Asia, coming off hard from its 1.0525 intraday high to levels back near its starting price at 1.0477.After consolidating above the 0.8300 handle for the last week, EUR/GBP has recently broken to the upside and has risen to a 6-day high of 0.8358 this Wednesday in Asia, last quoted at 0.8355, up 20 pips above its opening price.
Read More
https://support.fxcc.com/email/technical/21032012/

UPCOMING EVENTS
2012-03-21 09:30 GMT | United Kingdom Bank of England Minutes
2012-03-21 09:30 GMT | United Kingdom Public Sector Net Borrowing (Feb)
2012-03-21 12:00 GMT | Canada Leading Indicators (MoM) (Feb)
2012-03-21 13:30 GMT | United States Fed's Bernanke Speech

FOREX NEWS
2012-03-21 05:45 GMT | EUR/USD ends Asian trade above Monday highs
2012-03-21 05:36 GMT | GBP/USD limited below 1.5900 ahead of Europe
2012-03-21 02:50 GMT | EUR/GBP climbs to 6-day high near 0.8360
2012-03-21 02:09 GMT | EUR/JPY limited below 111.00 figure

-------------
EURUSD : 1.32737 / 1.32747
DAILY WEEKLY MONTHLY



1.3421 | 1.3378 | 1.3324 | 1.3283
1.3235 | 1.3189 | 1.3119 | 1.3048

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


MARKET ANALYSIS - Intraday Analysis

EURUSD gained momentum and formed a higher top, successfully penetrating yesterday's resistance making a new high at 1.3283 (R1). The pair is moving upwards and we expect the price to continue its uptrend but only a break above 1.3283 (R1) will give as a confirmation for long positions targeting 1.3324 (R2). As far as the price is below 1.3283 (R1) we remain flat.

--------------
GBPUSD : 1.58827 / 1.58836
DAILY WEEKLY MONTHLY



1.6034 | 1.5997 | 1.5967 | 1.5913
1.5819 | 1.5734 | 1.5654 | 1.5605

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


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell on yesterday’s trading session and was supported at 1.5819 (S1) a strong technical level. The price then rose and was able to close in the middle of first support and resistance level and now it seems that the price is gaining momentum. A break above 1.5913 (R1) would suggest a target at 1.5967 (R2) and further rise will be limited at 1.5997 (R3). Look for long positions at 1.5913 targeting recommended resistance levels.

-------------
USDJPY : 83.682 / 83.689
DAILY WEEKLY MONTHLY



84.92 | 84.57 | 84.18 | 83.81
83.00 | 82.58 | 81.94 | 81.14

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


MARKET ANALYSIS - Intraday Analysis

The USDJPY didn’t made any significant moves in yesterday’s trading session and is still trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3).

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

[alayoua]

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.
Read More
https://support.fxcc.com/email/technical/22032012/

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)

[Commodity007]

MCX Gold and Silver Trend and Levels For Today 22 March 12


MCX Gold (Apr) – Gold edged up rising after a weak session. The yellow metal looked vulnerable as equities slipped across Asia and Europe and markets remained focused on Chinese growth. China's raised retail gasoline and diesel prices by 6.4% and 7%, respectively yesterday and trickled back worries pertaining to a revival in inflationary pressures in world's largest economy. Resistance and support levels for the today’s session for Gold APR contract which will expire on 5th APR 2012 are: MCX Gold Tips

Support 1: 27715
Support 2: 27625

RESISTANCE 1: 27945
RESISTANCE 2: 28095

MCX Silver (May) – silver prices may rebound to $40-50 levels aided by strong growth in global solar photovoltaic (PV) market, said Barclays Capital in a research note. Silver’s Expected resistance and support levels for today trade are as follows: MCX Silver Tips

Support 1: 56715
Support 2: 56625

Resistance 1: 56965
Resistance 2: 5709
5

[alayoua]

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.
Read More
https://support.fxcc.com/email/technical/23032012/

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



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



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



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