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.
Read More https://support.fxcc.com/email/technical/14032012/
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%
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).
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).
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).
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.
Read More https://support.fxcc.com/email/technical/15032012/
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
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.
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.
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).
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.
Read More https://support.fxcc.com/email/technical/16032012/
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
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.
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.
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).
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).
Read More https://support.fxcc.com/email/technical/19032012/
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
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.
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).
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).
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
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.
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).
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).
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
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.
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.
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).
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
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).
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).
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.
GBP/USD dropped from an earlier high of 1.5880 to a recent session low of 1.5850 ahead of the European opening, last quoted near the bottom of the range at 1.5855, recording a 0.9% loss so far this Monday.USD/JPY held firm on Monday in the Asia-Pacific, trading up to 82.76 from 82.40 past Friday, last at 82.68, up 0.4% on the day. Technically speaking, overall, the pair is retreating from recent multi-month highs in the 84.15 zone and may be looking to correct lower.UR/USD is currently breaking to fresh session lows last at 1.3259, lower from previous weekly close past Friday 10 pips above, with session highs at 1.3285
GBP/JPY is currently at 131.28, near session highs 10 pips above, and still below Friday's highs at 131.50. The cross is up +0.45% since last week's close, with Cable slightly lower from same close, and USD/JPY at session highs above 82.50.
Read More https://support.fxcc.com/email/technical/26032012/
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
EURUSD formed a high at 1.3284 (R1) profiting on all our targets recommended in yesterday’s analysis gaining a total of 71 pips!! After that the pair fell and it now seems that it is going to retest 1.3284 (R1) soon, a level that have been retest 3 times in the past (March). A break above that level will be suggesting target at 1.3325 (R2) and further rise will then be limited at 1.3382 (R3). On the other hand if price manage to break below 1.3220 (S1) we will then expect the price to retest 1.3177 (S2) and then further fall will then approach towards 1.3133(S3).
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD rise and retested for third time our resistance level at 1.5913 (R1) without succeeding to break above it ending our day with half portion of profits (41 pips). We except the price to continue its upward move as it is under bullish pressure at the moment (both of our MA are bullish) and it seems to be breaking above 1.5913 (R1) a strong technical and psychological level. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.5913 (R1) targeting 1.5968 (R2). A stop loss should be placed below 1.5860.
SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
USDJPY fell sharply and formed a strong support level close to 81.94 (S2). Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 83.00 level. A break above that level we suggest further rise towards 83.44 (R2) and further rise will then focus on next target at 84.18 (R3). On the other hand if the price manages to stay below our first resistance level of 83.00 (R1) then we expect the price to retest 82.32 (S1) and a break below that level then the expected target is at 81.94 (S2).
EUR/USD is currently at 1.3350 retreating from a double intraday high at 1.3366, right below 0.23 retrace of latest leg down 1.3485/1.3003, and Feb 27 lows. Just 10 pips now below its opening price in Asia-Pacific, the pair has been in a quiet range all session long, with highs around same price NY close.After a timid break out above 83.00, USDJPY handle reaching 2-day highs at 80.03 highest since past Thursday, minutes before Tokyo opening, the pair is back to previous opening prices, last at 82.84. The pair still trades above weekly opening prices by some +0.52%.
EUR/JPY is back trading near its starting price after threatening the 111.00 mark this Tuesday. Coming off a sharp overnight rally into the 110.60 price zone, the pair managed to reach a 4-day high of 110.91 earlier in the Asia-Pacific, but has since retreated and is now quoted just above session lows at 110.55, 5 pips below its starting price. Beyond the 111.00 psychological figure, resistance is noted at 111.41 (21 March high), while EUR/JPY may encounter support at 109.91 (27 Feb high).
Read More https://support.fxcc.com/email/technical/27032012/
UPCOMING EVENTS
2012-03-27 07:30 GMT | Sweden Producer Price Index (MoM) (Feb)
2012-03-27 07:30 GMT | Sweden Trade Balance (MoM) (Feb)
2012-03-27 13:00 GMT | United StatesS&P/Case-Shiller Home Price Indices (YoY)
2012-03-27 14:00 GMT | United States Consumer Confidence (Mar)
FOREX NEWS
2012-03-27 04:34 GMT | EUR/USD breaking below 1.3350 in late Asia
2012-03-27 02:26 GMT | EUR/JPY struggling to take out 111.00
2012-03-27 00:41 GMT | AUD/JPY struggling below 87.50
2012-03-27 00:20 GMT | GBP/USD limited below 1.5970
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
EURUSD moved upwards in yesterday’s trading session and successfully penetrated our second resistance forming a new top at 1.3368 (R1) profiting a total of 41 pips!! The pair is under bullish pressure since the price made a low at 1.3000 levels, it formed a higher bottoms and higher tops, breaking with success above 1.3180 with a result of a trend reversal (intraday) - uptrend. A break above the 1.3375 level would suggest a target at 1.3413 (R2) and a further rise will then focus on 1.3487 (R3) a significant strong technical level. Look for long positions above 1.3368 targeting resistance levels (R1 and R2). A stop loss should be placed above 1.3284 (S1).
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD rise from 1.5875 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just above of our recommended target ending our day with profits (+55 pips)!! The pair is in a crucial moment as a break above 1.5980 February high, it will determine our trading bias targeting 1.6046 (R2). Look for long positions above first resistance targeting 1.6046 (R2). A stop loss should be placed above 1.5907 (S1).
MARKET ANALYSIS - Intraday Analysis
USDJPY didn’t made any significant moves yesterday as it traded in a trading range between the 83.00 (R1) and 82.32 (S1) support level. We remain flat on USDJPY until we see in which direction it will move to develop a clear uptrend or a downtrend with more reliable support and resistance levels. No position.
After losing ground Tuesday on a strong dollar advance, EUR/USD is gently bid in early Asia, having inched up to a session high of 1.3335 from an earlier low of 1.3312, last quoted near the top of the range, 30 pips above its opening price.Cable is currently at 1.5955, inside a very limited range 1.5944/61 the pair has been within since session started from the lower part of it. Local share markets are in a risk-off mode bringing down Nikkei index by -1.15% among others, with oil and gold at session lows.
After a second attempt at critical resistance just shy of 111.50 on Tuesday, EUR/JPY pulled back to close modestly higher on the day at 110.74 from110.61. So far this Wednesday in Asia, the pair is trading a limited range between 110.52 and 110.86, last at 110.60. Support is noted at 110.12 (19 March high), while resistance is at 110.91 (intraday).
Read More https://support.fxcc.com/email/technical/28032012/
UPCOMING EVENTS
2012-03-28 08:30 GMT | United Kingdom Current Account (Q4)
2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3)
2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3)
2012-03-28 08:30 GMT | United Kingdom Total Business Investment (YoY) (Q4)
EURUSD didn’t made any significant moves yesterday as it moved in a consolidation mode between the 1.3284 (S1) and 1.3382 (R1) levels. The bulls face a major hurdle at the 1.3370 (R1) level, a significant both psychological and technical level. As we want to continue our winning streak on this pair our recommendations for today’s trading session is no position until we see a break above first resistance and continuation of the uptrend or a break below 1.3284 (S1) that it will trap the pair in a trading range. No position.
SUMMARY : Up
TREND: Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD formed a low below 1.5817 (S2) and after that the pair rebounded and rise moving closer to our resistance level at 1.6000 level (R1). After a successful run the pair fell and trapped again in a trading range between 1.5907 (S1) and 1.6000 (R1). A break above 1.6000 level could trigger further bullish pressure targeting 1.6057 (R2) while a break below 1.5907 (S1) could trigger further bearish pressure towards support levels. Look for long positions above 1.6000 level targeting resistance levels. A stop loss should be placed at 1.5950.
SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
The USDJPY continued to rise from 81.97 (S3) and reached a high yesterday at 83.39 (R1). It seems the pair made a correction downwards and it will retest the first resistance soon. Look for long positions at current price, as the pair is moving upwards towards 84.00 level with a strong bullish momentum. A stop loss should be placed above 82.31 (S2).
