Hi Ashutosh
For which area's (country) commodity market you are providing these tips? Please mention it.
Hi Ashutosh
For which area's (country) commodity market you are providing these tips? Please mention it.
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, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/06022012
EUR/USD: Technical Analysis
The price stayed within 1.3210/20 – 1.3080/90 range, like expected. Trading is currently attempting to hold below the range's support and it's being carried out at 1.3060/50 level. Indicators have turned more down, suggesting further decline. 1.3080/70 support breakout will be the first sign of strengthening "bearish" potential. If the price successfully holds below, we'll be expecting the "bearish" movement to continue. In this case the price will test 1.3000 level anytime soon. On the other hand, 1.3040 support is strong enough to halt the bears and push the price back to the sideways range. 1.3230/20 resistance breakout will indicate the alternative scenario, where trading is anticipated to test 1.3280-1.3300 levels.
Analysis by: Arkady Nagiev
Forex4you analyst
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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
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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
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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.
EUR/USD: Technical Analysis
Earlier forecasts, expecting 1.3040/30 support level to halt the "bearish" movement and push the price back to 1.3210/20 – 1.3080/90 consolidation range confirmed, so the price now resides at 1.3130/49 level. Indicators are unclear, suggesting rising uncertainty in the market. 1.3080/70/1.3040/30 support levels breakouts will be a signal to anticipate further downtrend towards 1.3000 and then to 1.2900 level. 1.3230/20 resistance breakout will give reasons to anticipate 1.3280-1.3300 levels tests anytime soon.
Analysis by: Arkady Nagiev
Forex4you analyst
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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.
EUR/USD: Technical Analysis
The EUR/USD broke out of its range and rose yesterday and now it is consolidating and will probably pull-back to the range highs at 1.3220 and possibly to 1.3150 thereafter if the correction gathers strength. After that the move up will probably resume with the price objective for the breakout from the box at 1.3615, which is the same level as the upper channel line, although strong resistance at 1.3340 from pivots could cap gains temporarily.
Analysis by: Joaquin Monfort
Forex4you analyst
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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).
EUR/USD: Technical Analysis
The EUR/USD has rallied to the underside of a major multi-month down-sloping channel where it has encounter resistance and is currently pulling back. The correction will probably fall to the support at 1.3220 and then perhaps the top of the range at 1.3180 - if it is a strong move. However, the recent breakout from the consolidation has still not met its target at 1.3335, where other resistance is also clustered and eventually I see a rally up to those levels after this correction has finished.
Analysis by: Joaquin Monfort
Forex4you analyst
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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.
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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.
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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.
EUR/USD: Technical Analysis
The price failed to hold above 1.3300 level, so the price stayed within 1.3300- 1.3250 consolidation range. Trading is currently carried out at 1.3270/80 level. Indicators are neutral, suggesting further range trading with a possible extension of current consolidation range down to 1.3200/1.3190 levels. At the same time, the uptrend is still considered to be dominating and growth to 1.3420/30 targets is also possible. 1.3040/00 support breakout will indicate a medium-term reversal to a downtrend.
Analysis by: Joaquin Monfort
Forex4you analyst
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
EUR/USD: Technical Analysis
The EUR/USD pair has rebounded from the 1.3130 lows where it was supported by a combination of lines at the lows. The rebound will probably rise up to resistance from the upper channel line of the move down at 1.3250 and pause. From there it is possible a new cycle of waves higher could begin and a break of the 1.3284 confirming such a move. Alternatively a fall down to the lower channel line at around 1.3105 is also possible given the strength of recent bear moves.
Analysis by: Joaquin Monfort
Forex4you analyst
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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.
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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%
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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).
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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.
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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).
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.
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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%
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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).
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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.
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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.
MCX Gold Silver Trend Target and Trading Levels For Today
MCX Commodity Bullion Gold Silver Trend and Trading Levels For Today 16 February 2012
MCX Gold (Apr) - On account of dollar weakness and high risk appetite, we expect precious metals and base metals to trade on an upbeat note today. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 4th FEB 2012 are: Support 1: 27995, Support 2: 27775 MCX Gold Tips
Resistance 1: 28375, Resistance 2: 28585
MCX Silver (Mar) – Bullish undertone in global bullion prices and plenty of buying support and gains in global equities as helping push the white metal up. Silver is Expected resistance and support levels for today trade are as follows:
Support 1: 56250, Support 2: 56145
Resistance 1: 56475, Resistance 2: 56595 MCX Silver Tips
Source :- MCX Tips
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