Daily Technical Analysis by FXCC

**alayoua** · 01-06-2012, 10:51 AM

Daily Technical Analysis by FXCC 06Jan12

MARKET OVERVIEW – JANUARY 06 2012
Major currency pair and Commodity currency pair analysis
The euro fell 0.6 percent to 98.68 yen at approx. 3 p.m. New York time, after reaching 98.48 yen earlier, once again pushing back lows not seen since December 2000. It dropped 1.2 percent to $1.2788, tumbling below $1.28 for the first time since Sept. 13, 2010, and touching $1.2777. The dollar appreciated 0.6 percent to 77.17 yen. The pound rose to its highest level versus the euro since September 2010, reaching 82.52 pence before trading at 82.59 pence, up 0.3 percent. It depreciated 0.9 percent to $1.5488. The pound also rose against the Swiss franc and the Danish krone. GBP/JPY didn't hold above 120.00 during Wednesday trading. The Pound peaked during the European morning session at 119.92 but then fell to 119.16, daily low. The 119.15/20 area appears to be support holding after several tests. USD/CHF touched a fresh 3-week high of 0.9530 continuing to threaten the resistance area.
The Canadian currency, the loonie, depreciated 0.7 percent to C$1.0198 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar currently buys 98.06 U.S. cents. It touched$1.0226, this was the weakest level since Dec. 29. The loonie dropped by 0.2 percent to 75.61 yen on Thursday after earlier falling 0.5 percent. It dropped on Oct. 4Th to 72.16 yen, the lowest level since February 2009. The Aussie weakened 1 percent to $1.0262, and New Zealand’s dollar dropped 0.9 percent to 78.10 U.S. cents.

EURUSD 1.27808 / 1.27812
High: 1.27991 | Low: 1.27633 | Chg: -0.001 -0.08%
SUMMARY: Down
INTRADAY TREND: DOWN
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold

Resistance Levels: 1.3067 | 1.3031 | 1.2998 | 1.2909
Support Levels: 1.2730 | 1.2703 | 1.2676 | 1.2645

Intraday Analysis: EURSD fell sharply in yesterday’s session and successfully broke below the recommended support levels taking away 53+ pips on the first support and 100+ pips in the second support level. After a sharp decline the price is now moving around the 1.2770 and is heading towards the return line 1.2645 of the downtrend trend line. A strong resistance for the bearish is at 1.2909 (S1). Look for a short position below 1.2909 (S1) with a stop loss at 1.2998 (S2).

GBPUSD 1.54974 / 1.54984
High: 1.55074 | Low: 1.54759 | Chg: 0.0003 0.02%
SUMMARY: Neutral
INTRADAY TREND: DOWN
MA10: Neutral
MA20: Neutral
STOCHASTIC: Neutral

Resistance Levels: 1.5709 | 1.5669 | 1.5577 | 1.5512
Support Levels: 1.5465 | 1.5411 | 1.5383 | 1.5347

Intraday Analysis: GBPUSD fell and formed a low at 1.5465 (S1) a strong support level with the combination of the downward move, took away 43+ pips of profit. Now the pair found a strong support at that level and is moving upwards towards 1.5512 (R1). A break above that level, will confirm long positions towards 1.5577 (R2). On the other hand if the pair fails to break above that level then we expect the target to be at 1.5411 (S2).

USDJPY 77.147 / 77.151
High: 77.259 | Low: 77.067 | Chg: 0.042 0.05%
SUMMARY: Neutral
INTRADAY TREND: Up
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral

Resistance Levels: 78.98 | 78.67 | 78.16 | 77.55
Support Levels: 76.60 | 76.03 | 75.68 | 75.31

Intraday Analysis: USDJPY after a consolidation, rise relatively sharply towards our resistance levels giving us a profit of 43 pips. Now it seems that the price is rising again towards 77.55 (R1) a strong resistance level in technical and psychological way. A break above that level we are suggesting the target to be at 78.16 (R1) and then 78.67 (R3). On the other hand if the price retest that resistance level and bounces back then we expect the price to decline towards 76.60 (S1) and then 76.03 (S2). We do not suggest any position with today's trading session until we get a clearer direction of the price.

Source: FX Central Clearing Ltd. (FXCC)

**alayoua** · 01-09-2012, 09:47 AM

Daily Forex Market Update by FXCC 09Jan2012

MARKET OVERVIEW – JANUARY 09 2012
Major currency pair and Commodity currency pair analysis
The euro fell 0.4 percent to 97.54 yen as of 8:28 a.m. in Sydney after earlier touching 97.38, the lowest level witnessed since December 2000. The currency declined by 0.2 percent to $1.2687 and earlier reached $1.2671, its lowest level since September 2010. The dollar was at 76.89 yen from 76.97.
Canada’s currency depreciated 0.8 percent to C$1.0284 per U.S. dollar yesterday in Toronto, from C$1.0213 on Dec. 30. It touched C$1.0077 on Jan. 3, the strongest level since Dec. 8. One Canadian dollar buys 97.24 U.S. cents. The Australian dollar is under pressure in Asia reaching a 5-day low versus the greenback and a 7-day low versus the yen as the FX market focus remains on the euro zone debt and banking crisis in the week ahead. AUD/USD started from 1.0225 Friday and has since traded a 1.0189/1.0211 range intraday, below the 200-day EMA. AUD/JPY has traded 78.25/60 since the session open down from 78.72 Friday.

UPCOMING EVENTS
2012-01-09 06:45 GMT |Switzerland - Unemployment Rate n.s.a (MoM) (Dec))
2012-01-09 07:00 GMT | Germany - Trade Balance s.a. (Nov)
2012-01-09 09:30 GMT | EU - Sentix Investor Confidence (Jan)
2012-01-09 11:00 GMT | Germany - Industrial Production s.a. w.d.a. (YoY) (Nov)

FOREX NEWS
2012-01-09 03:00 GMT | Investors should keep a bullish stance on the dollar in 2012
2012-01-09 01:51 GMT | Spec positioning back in BOJ intervention zone - Westpac
2012-01-09 00:38 GMT | Australia: No change in retail sales past Nov.
2012-01-09 00:08 GMT | Australia: New home sales rise 6.8% on RBA rate cut

EURUSD 1.27376 / 1.27382
High: 1.27458 | Low: 1.26662 | Chg: 0.0023 0.18%
SUMMARY: Down
INTRADAY TREND: DOWNTREND
MA10: Bearish
MA20: Neutral
STOCHASTIC: Oversold

Resistance Levels: 1.2969 | 1.2897 | 1.2814 | 1.2763
Support Levels: 1.2666 | 1.2597 | 1.2561 | 1.2507
Intraday Analysis: EURUSD fell and formed a bottom at 1.2666 (S1) and now it seems that is heading towards 1.2763 (R1). A break above that level, we can expect a correction upwards towards 1.2814 (R2). We can see clearly that the pair is in a downtrend move but a correction upwards is expected leading to a further decline. Try to sell near resistance 1.2763 (R1) with a stop loss above 1.2814 (R2).

GBPUSD 1.54447 / 1.54449
High: 1.54473 | Low: 1.53955 | Chg: 0.0019 0.012%
SUMMARY: DOWN
INTRADAY TREND: DOWNTREND
MA10: Bearish
MA20: Neutral
STOCHASTIC: Neutral

Resistance Levels: 1.5630 | 1.5579 | 1.5526 | 1.5466
Support Levels: 1.5395 | 1.5364 | 1.5312 | 1.5274
Intraday Analysis: GBPUSD fell sharply yesterday and continued in decline from 1.5526 (R2). If GBPUSD break above that level, we can expect re-testing resistance at 1.5526 (R2). Further rise will then focus on 1.5579 (R3). On the downside, decline below current support level 1.5395 (S1) will confirm our short positions towards 1.5364 (S2) and then 1.5312 (S3). A stop loss should be placed above 1.5433.

USDJPY 76.915/ 76.920
High: 77.007 | Low: 76.79 | Chg: -0.046 -0.06%
SUMMARY: DOWN
INTRADAY TREND: DOWNTREND
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

Resistance Levels: 78.34 | 78.603 | 77.56 | 77.33
Support Levels: 76.85 | 76.60 | 76.04 | 75.56
Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.85 (S1) after forming a top at 77.33 (R1). A break below our support level at 76.85 (S1), will give us a proper confirmation for short positions, as we expect the pair to continue its downwards pressure. A stop loss should be placed above 77.33 (S1).

Source: FX Central Clearing Ltd, (FXCC.COM)

**alayoua** · 01-10-2012, 07:55 AM

Daily Forex Market by FXCC 10Jan2012
MARKET OVERVIEW – JANUARY 10 2012
Major currency pair and Commodity currency pair analysis
The euro appreciated 0.4 percent to $1.2770. The euro strengthened 0.3 percent to 98.15 yen, rebounding from the lowest level since December 2000. The Swiss franc strengthened against 13 of its 16 major counterparts, gaining 0.6 percent versus the dollar. The USD/JPY ended lower for a second consecutive session on Monday, having ended with a loss of 0.23% on the day at 76.81, down from 76.99 of last Friday. GBP/JPY trading close to last week’s closing price, around 118.75, Monday saw the pair extend its slide to fresh 3-month lows.
The Canadian currency, nicknamed the loonie, advanced 0.5 percent to C$1.0235 per U.S. dollar at 5 p.m. Toronto time having weakened by up to 0.3 percent earlier. One Canadian dollar buys 97.70 U.S. cents. The Aussie is showing upside strength versus the U.S. dollar early in the Asian session recovering from fresh 2-week lows below 1.0150 on Monday, currently printing at 1.0250 from an earlier session low of 1.0226.

UPCOMING EVENTS
2012-01-10 04:05 GMT |China - Trade Balance (Dec)
2012-01-10 08:00 GMT | Denmark - Retail Sales (YoY) (Nov)
2012-01-10 08:30 GMT | Sweden - Industrial Production (YoY) (Nov)
2012-01-10 09:00 GMT | Norway - Producer Price Index (YoY) (Dec)

FOREX NEWS
2012-01-10 03:45 GMT | Aussie and Kiwi rally in risk-on Asia
2012-01-10 03:03 GMT | China Dec Trade Balance 16.5B
2012-01-10 00:04 GMT | UK - RICS Housing Price Balance -16 in Dec
2012-01-10 00:02 GMT | UK - Dec BRC Retail Sales Monitor - All (YoY) 2.2%

EURUSD 1.27881 / 1.27887
High: 1.27967 | Low: 1.26594 | Chg: 0.0023 0.18%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral

Resistance Levels: 1.3013 | 1.2969 | 1.2897 | 1.2814
Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561

Intraday Analysis: After EURUSD formed a bottom at 1.26666 (S2) a strong support for the bulls, it seems that now is heading for an upward correction towards our second resistance 1.2897 (R2). A proper confirmation of this scenario will take place if the price manages to break above 1.2814 (R1). On the downside, if price falls back below 1.2719 (S1), we can expect the price to retest 1.2666 (S2) at a strong psychological level. A break below that level, then we will start focusing at the next support level 1.2597 (S3).

GBPUSD 1.54711 / 1.54721
High: 1.54849 | Low: 1.54444 | Chg: 0.0012 0.08%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought

Resistance Levels: 1.5666 | 1.5630 | 1.5579 | 1.5525
Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312

Intraday Analysis: The GBPUSD moved upwards and closed above yesterday’s resistance 1.5469 and now is moving towards 1.5525 (R1). A break above that level suggests further rise towards 1.5579 (R2) and then 1.5630 (R3). In the other hand, if the price manages to hold below the first resistance level 1.5525 (R1) we can expect retest of 1.5422 (S1) and a break below that level, expecting the price to retest 1.5395 (S2) and 1.5364 (S3) which is a strong technical and psychological support for the bulls.

USDJPY 76.832/ 76.836
High: 76.904 | Low: 76.775 | Chg: 0.001 0%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

Resistance Levels: 78.03 | 77.56 | 77.33 | 76.95
Support Levels: 76.60 | 76.04 | 75.56 | 75.08

Intraday Analysis: USDJPY after price formed a bottom at 76.76 yesterday’s support level, price continued in sideways move between that level and 76.95. A break above 76.95 could trigger further bullish moves towards 77.33 (R2). On the downside, if price breaks below 76.60 (S1), will confirm our short positions targeting 76.04 (S2). A stop loss should be placed above 76.95 (R1).

**alayoua** · 01-11-2012, 08:33 AM

Daily Forex Market by FXCC 11Jan2012
MARKET OVERVIEW – JANUARY 11 2012
The dollar and yen fell versus most of their major peers

The franc was little changed at 1.2128 per euro after earlier gaining to 1.2107, the strongest since Sept. 20.The dollar fell 0.1 percent to $1.2778 per euro at 5 p.m. in New York after weakening 0.4 percent yesterday. It depreciated earlier today to $1.2818, the least since Jan. 5. The yen declined 0.1 percent to 98.19 per euro. The dollar was unchanged at 76.85 yen. The GBP/USD rally from its recent lows continued on Tuesday, reaching the 1.5500 price area from the earlier session low of 1.5445, ending trade in New York 0.17% higher at 1.5482.

New Zealand’s currency, nicknamed the kiwi, rose 0.9 percent to 79.44 U.S. cents, and Australia’s dollar advanced 0.7 percent to $1.0314. The Canadian dollar has appreciated more than 1% this week, Tuesday saw USD/CAD fall to a 3-day low of 1.0152 from the earlier high of 1.0238.
UPCOMING EVENTS
2012-01-11 05:00 GMT |Japan - Leading Economic Index (Nov) Preliminar
2012-01-11 08:00 GMT | Germany - Real GDP Growth
2012-01-11 08:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q3
2012-01-11 09:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q3)

FOREX NEWS
2012-01-11 05:05 GMT | Japan Leading Economic Index rises to 92.9 in Nov
2012-01-11 02:12 GMT | China should use $2 trill FX reserves for overseas investment
2012-01-11 01:15 GMT | The Greenback roars ahead through an active Asian session
2012-01-11 00:01 GMT | United Kingdom Dec BRC Shop Price Index (MoM) 1.7%

EURUSD 1.27540 / 1.27547
High: 1.27789 | Low: 1.26287 | Chg: -0.0024 -0.19%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

Resistance Levels: 1.3021 | 1.2969 | 1.2897 | 1.2818
Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561

Intraday Analysis: EURUSD found a strong technical support at 1.26666 (S2) and in yesterday’s session it moved upwards and reached a top at 1.2818 (R1). Following that we saw a decline towards Tuesday’s support level at 1.2719 (S1). A break below that level we can expect the price to retest 1.2666 (S2), and with further decline we will be targeting 1.2597 (S3). On the upside, if price manages to break above our first resistance level 1.2818 (R1) price will most probably approach 1.2897 (R2). In the daily chart the pair is in a downtrend mode with the price moving closer to the downtrend trend line. Our recommendation for today’s session is no position as we can wait either for a reaction upwards and retest of the downtrend trend line or for a move downwards and continuation of the downtrend trend.

GBPUSD 1.54612 / 1.54618
High: 1.54904 | Low: 1.54472 | Chg: -0.0023 -0.15%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

Resistance Levels: 1.5630 | 1.5579 | 1.5525 | 1.5497
Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312

Intraday Analysis: The GBPUSD formed a top yesterday at 1.5497 (R1) and now it seems that it is moving upwards to retest the same resistance level. A break above that level will confirm our long positions targeting 1.5579 (R3). A stop loss should be placed below 1.5447. On the downside if price manages to stay below 1.5525 (R2) we will focus for a retest downwards towards our support level 1.5364 (S3) a strong technical and psychological level for the bulls.

USDJPY 76.906/ 76.909
High: 76.941 | Low: 76.812 | Chg: 0.068 0.09%
SUMMARY: Neutral
INTRADAY TREND: Sideways
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral

Resistance Levels: 78.03 | 77.56 | 77.33 | 77.00
Support Levels: 76.76 | 76.60 | 76.04 | 75.08

Intraday Analysis: USDJPY is moving in a trading range between the levels 76.76 (S1) and 77.00 (R1). Now the price is retesting our resistance level and a break above 77.00 we expect the price to rise more towards 77.33 (R2). On the other hand, if price bounce from 77.00 (R1) we expect the price to move further downwards towards 76.60 (S2) a strong technical support level. Deeper decline will then retest 76.04 (S3). Look for a long or short position above or below either level.

Source: FX Central Clearing Ltd

**alayoua** · 01-12-2012, 07:19 AM

Daily Forex Market by FXCC 12Jan2012

The euro was 0.4 percent from its sixteen month low versus the dollar

The euro was little changed at $1.2709 as of 8:15 a.m. in Tokyo from yesterday in New York, when it slid to as low as $1.2662, the weakest level since September 2010. It bought 97.72 yen from 97.67. The dollar traded at 76.89 yen from 76.85. GBP/USD sold off on Wednesday as doubts regarding the fragile European economy pushed market participants toward safer haven currencies causing interest in the greenback across the board. The sell-off broke through several levels of clustered support, extended to a fresh 3-month low of 1.5307 finally losing circa 1% on the trading day. EUR/GBP reached at 0.8287 the highest price since last Thursday. Price began testing the resistance area located around 0.8290 that capped the rise a week ago. The pair is extending the recovery after falling on Monday to 0.8220, this was the the lowest price printed in over 15 months, the euro rise was supported by the decline of the Pound across the board versus most of its major peers.

The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, declined 0.4 percent to C$1.0196 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar buys 98.08 U.S. cents. Wednesday saw the AUD/USD pair trade in range between 1.0260 and 1.0325, ending trade in New York flat over thd 24 hours prior period. New Zealand’s currency was little changed at 79.67 U.S. cents.

2012-01-12 12:00 GMT

United Kingdom BoE Asset Purchase Facility (Jan)

2012-01-12 12:00 GMT

United Kingdom BoE Interest Rate Decision (Jan 12)

2012-01-12 12:45 GMT

European Monetary Union ECB Interest Rate Decision

2012-01-12 13:30 GMT

European Monetary Union ECB President Draghi's Speech

2012-01-12 05:36 GMT

EUR/USD, semi-paralyzed ahead of risk events

2012-01-12 05:15 GMT

Japan Eco Watchers Survey: Current improves to 47 in Dec

2012-01-12 01:36 GMT

China: CPI, PPI both lower in the year to Dec

2012-01-12 00:08 GMT

EURUSD 1.27200 / 1.27204
DAILY WEEKLY MONTHLY
High: 1.27279 | Low: 1.2702 | Chg: 0.0014 0.11%

Resistance Levels: 1.3021| 1.2969|1.2897 |1.2817
Support Levels: 1.2666 |1.2597 |1.2561| 1.2507

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

MARKET ANALYSIS - Intraday Analysis

EURUSD fell yesterday and reached a low at 1.2666 (S1) and then rebounded for a couple of pips and is now heading towards the same support level. A break below that level, we can expect target at 1.2597 (S2) and 1.2591 (S3). On the other hand if price manages to stay above our support level of 1.2666 (S1) the expected target is at 1.2817 (R1). Our recommendation for today is short positions at 1.26666 (S1) with a stop loss above 1.2709.

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GBPUSD 1.53279 / 1.53287
DAILY WEEKLY MONTHLY
High: 1.53347 | Low: 1.53096 | Chg: 0.0001 0%

Resistance Levels: 1.5629| 1.5579| 1.5497 |1.5394
Support Levels: 1.5262 |1.5213| 1.5178| 1.5134

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD fell sharply yesterday and made a bottom at 1.5308. A break below that level we can expect the price to retest 1.5262 (S1), a weekly support level. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue.

USDJPY 76.890 / 76.894
DAILY WEEKLY MONTHLY
High: 76.915 | Low: 76.825 | Chg: 0.033 0.04%

Resistance Levels: 78.03 |77.56| 77.33| 77.03
Support Levels: 76.76 |76.60| 76.04 |75.08

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

MARKET ANALYSIS - Intraday Analysis

USDJPY formed a top at 77.03 (R1) but couldn’t break above that level and bounced back towards 76.76 yesterday support. It seems that the USDJPY is gaining momentum and we can expect bullish moves in today’s session. Look for long positions targeting 77.33 (R1) with a stop loss below 76.60 (S2).

Source: FX Central Clearing Ltd,

**alayoua** · 01-13-2012, 07:41 AM

Daily Forex Market by FXCC 13Jan2012

Canada’s dollar fell versus most of its major counterparts

The pound dropped by 0.9 percent to 83.61 pence per euro shortly after the London main market closed at 4:35 p.m after falling as much as 1 percent, the most since Nov. 21. Sterling was little changed at $1.5335 after sliding to $1.5279, the lowest since Oct. 6. The currency also slipped to A$1.4801, the weakest since Aug. 1, before trading back at A$1.4877. The EUR/USD rebound from support in the 1.2700 price territory extended to levels ahead of the 1.2850 area, the single currency was supported due to better than expected Spanish and Italian bond auctions on Thursday. The Swissy, the Swiss Franc, strengthened to be the best performer across both Thursday sessions versus all its major peers, posting gains around 1% against the USD, JPY, GBP and AUD. Thursday's trading sessions saw the USD/JPY fall lower on depressed demand for the greenback, the pair has so traded a limited 76.73/80 range in the start to trading in the Asian session on Friday morning.

The Canadian currency was little changed at C$1.0191 per U.S. dollar at 5 p.m. Toronto time, after gaining has much as 0.6 percent. One Canadian dollar buys 98.13 U.S. cents. Australia’s dollar bought $1.0335 at 10:50 a.m. in Sydney from $1.0333 in New York on Thursday, when it rose as high as $1.0378 which was the strongest level since Jan. 4. The Aussie was at 79.35 yen from 79.32 yesterday. New Zealand’s currency, the Kiwi, bought 79.37 U.S. cents, this was virtually unchanged from the previous day, when the pair reached a high as 79.81 cents, a level unseen since Nov. 9th. It traded at 60.94 yen from 60.93.
Read More

2012-01-13 09:30 GMT
UK - Producer Price Index - Input (YoY) n.s.a (Dec)

2012-01-13 09:30 GMT
UK - Producer Price Index - Output (YoY) n.s.a (Dec)

2012-01-13 10:00 GMT
European Monetary Union Trade Balance s.a. (Nov)

2012-01-13 10:00 GMT
European Monetary Union Trade Balance n.s.a. (Nov)

2012-01-13 05:28 GMT
EUR/USD on a second attempt higher in Asia

2012-01-13 03:45 GMT
EUR/AUD prints bullish engulfing candle; yesterday's high tested

2012-01-13 01:45 GMT
The kiwi struggling to get much headway

2012-01-13 00:10 GMT
GBP/USD unchanged after dip to multi-month lows

EURUSD 1.28639 / 1.28646
DAILY WEEKLY MONTHLY
High: 1.28782 | Low: 1.28071 | Chg: 0.0049 0.38%

Resistance Levels: 1.3124 |1.3076 |1.2998 |1.2909
Support Levels: 1.2807 |1.2730| 1.2666 |1.2607

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

MARKET ANALYSIS - Intraday Analysis

The EURUSD found strong support at 1.2666 (S3) and within 2 sessions rose sharply to form a high at 1.2870. The pair is in a strong bullish momentum as it heads towards the downtrend trend line and as we have mentioned in previous sessions, we can expect a break out or a continuation of the downtrend. Our recommendation for today’s session is no position, as we should wait for the correction or the break out to take place and then re-evaluate our positions.

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GBPUSD 1.53790 / 1.53795
DAILY WEEKLY MONTHLY
High: 1.53925 | Low: 1.53249 | Chg: 0.0047 0.31%

Resistance Levels: 1.5747 |1.5693| 1.5577| 1.5503
Support Levels: 1.5280 |1.5246 | 1.5202 |1.5160

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD rebounded after a slight decline down to 1.5280 (S1), and is now moving towards our first resistance level at 1.5503 (R1). If it breaks above that level, it will be a proper confirmation for long positions targeting the second resistance level at 1.5577 (R2). If the price manages to stay below 1.5413, this would suggest a retest of 1.5280 (S1) and a break below this level would probably be limited to 1.5246 (S2).

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USDJPY 76.732 / 76.734
DAILY WEEKLY MONTHLY
High: 76.837 | Low: 76.683 | Chg: -0.023 -0.03%

Resistance Levels: 77.24 |77.04| 76.97| 76.83
Support Levels: 76.67| 76.13| 75.67 |75.08

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

MARKET ANALYSIS - Intraday Analysis

The USDJPY is forming a lower tops at 77.04 (R3), 76.97 (R2) and at 76.83 (R1). In the hourly time-frame the pair is moving downward. The 10 Moving Average and the 20 Moving Average formed a strong resistance above the pair and both are pointed a bearish signals. Our recommendation therefore for today’s session is short positions at 76.67 (S1) with a stop loss above 76.97 (R2).
Source: FX Central Clearing Ltd,

**alayoua** · 01-16-2012, 07:36 AM

Daily Forex Market by FXCC 16Jan2012

MARKET OVERVIEW – JANUARY 16 2012
The euro hits a fresh all-time low of AUD 1.2264 on Monday
With the U.S. markets closed on Monday, due to Martin Luther King day, the currency markets and the euro in isolation may experience a slight reprieve, particularly if France's debt auction gets away with good numbers. The euro fell 0.3 percent to $1.2643 as of 8:15 a.m. in Tokyo from the close in New York on Jan. 13 when it touched $1.2624, the least since Aug. 25, 2010. The shared currency depreciated 0.4 percent to 97.23 yen after dropping to 97.17, the lowest since December 2000. EUR/AUD has opened on Monday with a starting price of 1.2275, down from 1.2304 Friday in New York, the paring has closed the gap, climbing to a session high of 1.2300 from the recent all-time low. At the start of the week's session this Monday, the Japanese yen in gaining versus its European and American counterparts. USD/JPY has fallen sharply down from its starting price of 77.06, it was last at 76.88 some 10 pips below Friday’s close. EUR/JPY has slipped, opening the week offered at 97.36 from 97.58 late Friday. Last quoted at 97.21, EUR/JPY is down 0.38% so far in the early part of the trading session the day. The USD/JPY is down 0.05%. Cable is off slightly printing at 1.5297, down 0.03%, sterling is down versus the yen at 1.1762, down 0.08%.
The Aussie and Kiwi are down versus the dollar by 0.15% and 0.08% respectively. The loonie is down versus the dollar by 0.06%

UPCOMING EVENTS
2012-01-16 00:00 GMT | UK - Rightmove House Price Index (YoY) (Jan)
2012-01-16 12:30 GMT | Australia - Home Loans (Nov)
2012-01-16 07:00 GMT | Germany - Wholesale Price Index (YoY) (Dec)
2012-01-16 09:00 GMT | Italy - Consumer Price Index (YoY) (Dec)

FOREX NEWS
2012-01-16 05:02 GMT | Japan Dec Consumer Confidence Index 38.9
2012-01-16 02:03 GMT | S&P downgrades will affect reserve managers
2012-01-16 00:33 GMT | Some Aussie buying post home loans, adverts report
2012-01-16 00:00 GMT | United Kingdom Jan Rightmove House Price Index (YoY) 0.4%

EURUSD 1.26549 / 1.26555
High: 1.26259 | Low: 1.26259 | Chg: -0.0018 -0.14%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

Resistance Levels: 1.2944 | 1.2820 | 1.2812 | 1.2727
Support Levels: 1.2621 | 1.2592 | 1.2560 | 1.2513

Intraday Analysis: EURUSD fell and formed a bottom at 1.2621 (S1) and now it seems that it is heading towards 1.2592 (S1) a Fibonacci retracement level - 76.40%. A break below that level, we can expect the price to retest 1.2560 (S3). We can see clearly that the pair is in a downtrend move and both of our Moving Averages are above the price (bearish signal), but a correction upwards is expected leading to a further decline.

GBPUSD 1.53146 / 1.53160
High: 1.53269 | Low: 1.53160 | Chg: 0.0003 0.02%
SUMMARY: Up
INTRADAY TREND: Sideway
MA10: Neutral
MA20: Neutral
STOCHASTIC: Neutral

Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5400
Support Levels: 1.5275 | 1.5233 | 1.5203 | 1.5164

Intraday Analysis: GBPUSD fell sharply yesterday and continued to decline from 1.5400 (R1) to 1.5233 (S2). If GBPUSD breaks above 1.5400 (R1), we can expect re-testing resistance at 1.5487 (R2). Further rise will then focus on 1.5579 (R3). On the downside, decline below current support level 1.5275 (S1) will retest 1.5233 (S2) and 1.5203 (S3). Since the pair is moving above 1.5233 a strong support level (daily) in technical and psychological way for the bullish, we look for long positions with a stop loss below 1.5233 (S2).

USDJPY 76.831/ 76.837
High: 77.831 | Low: 76.81 | Chg: -0.116 -0.15%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bullish
MA20: Bearish
STOCHASTIC: Oversold

Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05
Support Levels: 76.60 | 76.03 | 75.54 | 75.13

Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.66 after forming a top at 77.05 (R1). A break below our support level at 76.60 (S1), will give us a proper confirmation for short positions, as we expect the pair to continue its downwards pressure. A stop loss should be placed above 77.05 (S1).

Source: FX Central Clearing Ltd,

**alayoua** · 01-17-2012, 08:01 AM

Daily Forex Market by FXCC 17Jan2012

MARKET OVERVIEW – JANUARY 17 2012
Major currency pair and Commodity currency pair analysis
Europe’s shared currency was 0.3 percent weaker at 97.30 yen at 11:40 a.m. in London, after falling to 97.04, the least since December 2000. The euro fell 0.1 percent to $1.2673, after dropping to $1.2626. The dollar dipped 0.3 percent to 76.77 yen. U.S. markets are closed today. Sterling is in a range above the psychological level of 1.5300. This looming round number should represent a test, once breached lower support is at circa 1.5320. EUR/GBP extended its decline to 0.8253, where it bottomed out during the European trade. EUR/GBP is quoting at around 0.8270, 0.06% above its opening price. USD/JPY erases Friday’s gains and falls back to 76.75 down 0.22% on the day. The USD/CHF has retraced back to Monday’s opening price, at 0.9540, after falling to a 0.9525 daily low on the European opening.
NZD/USD is down ahead of NZIER. The pair is flat at 7930, obviously 8000 represents a key level. Improved housing/lending data has helped push up the AUS/USD, the pair is up 0.33% at 10314 with the next resistance levels waiting at 1.0387 followed by key number level of 1.0400. As crude oil rises, the USD/CAD falls. Friday’s gains obtained ahead of the S&P downgrades on European sovereigns have Ben eradicated as price sticks in a range determined by the 200 ma on a 4 hr chart. The pair is below 1.0200, in line with the 200-hourly MA, making this an extremely interesting position to monitor.

UPCOMING EVENTS
2012-01-17 09:30 GMT | United Kingdom Core Consumer Price Index (YoY) (Dec)
2012-01-17 10:00 GMT | United Kingdom BoE's Governor King Speech
2012-01-17 10:00 GMT | EU - Consumer Price Index - Core (YoY) (Dec)
2012-01-17 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Jan)

FOREX NEWS
2012-01-17 05:21 GMT | Another day, another record low for EUR/AUD
2012-01-17 02:04 GMT | China: Retail Sales (YoY) (Dec): 18.1%
2012-01-17 02:04 GMT | China: Industrial Production (YoY) (Dec): 12.8%
2012-01-17 02:03 GMT | China Gross Domestic Product (YoY) 8.9% in 4Q

EURUSD 1.27429 / 1.27434
High: 1.27434 | Low: 1.26489 | Chg: 0.0076 0.06%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought

Resistance Levels: 1.2944 | 1.2882 | 1.2812 | 1.2763
Support Levels: 1.2624 | 1.2592 | 1.2560 | 1.2513

Intraday Analysis: The EURUSD moved upwards and managed to stay above yesterday’s support 1.2624 (S1) and now it is moving towards 1.2763 (R1). A break above that level we suggest further rise towards 1.2812 (R2) and then 1.2882 (R3). On the other hand, if the price manages to hold below 1.2763 (R1) we can expect retest of 1.2624 (S1). The pair is moving downwards since November 2011 and the stochastic is ready to exit downwards to the 80 level. Our recommendation for today’s session is to look for short positions close to 1.2763 (R1) with a stop loss above 1.2812 (R2).

GBPUSD 1.53819 / 1.53831
High: 1.53824 | Low: 1.53107 | Chg: 0.006 0.039%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Overbought

Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5409
Support Levels: 1.52758 | 1.5233 | 1.5203 | 1.5164

Intraday Analysis: The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5233 (S2). The pair reached a high at 1.5409 (R1) and then fell back towards 1.5278 (S1). Further fall will test 1.5233 (S2) and decline below this level, suggesting target at 1.5203 (S3). On the other hand, if price manages to stay above 1.5278 (S1) then we expect the price to retest 1.5409 (R1) and then further rise to 1.5487 (R2). We look for long positions in today’s session with a stop loss below 1.5278 (S1).

USDJPY 76.651/ 76.655
High: 76.878 | Low: 76.64 | Chg: -0.117 -0.117%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold

Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05
Support Levels: 76.60 | 76.03 | 75.54 | 75.13

Intraday Analysis: USDJPY fell sharply and formed a strong support level at 76.60 (S1) and then we saw is rised up and made a high at 77.05 (R1). A break above that level, 77.05 (R1), we suggest further rise towards 77.33 (R2). Both of our Moving Averages are bearish, so we expect the pair to continue its downward move towards 76.03 (S2). A stop loss should be placed above 77.05 (R1).

Source: FX Central Clearing Ltd

**alayoua** · 01-18-2012, 10:07 AM

Daily Forex Market by FXCC 18Jan2012
The dollar fell versus the euro in early trading

The dollar was little changed at 1.2741 per euro as of 8:30 a.m. in Tokyo after falling 0.5 percent yesterday. The yen fetched 97.88 per euro after a 0.6 percent decline yesterday. USD/JPY broke support at circa 76.60 to reach a fresh 3-month low of 76.54 on Tuesday, recovering to end the American session at 76.82. The pound declined 0.4 percent to 83 pence per euro at 5:03 p.m. London time, after rising 1.1 percent over the previous two days. The currency slid 0.6 percent to A$1.4767 after falling to A$1.4713, the weakest since February 1985. Sterling strengthened 0.2 percent to $1.5348.

Canada’s currency touched C$1.0113 per U.S. dollar, the strongest since Jan. 4. It ended 0.3 percent higher at C$1.0151 in Toronto. One Canadian dollar purchases 98.51 U.S. cents. The Australian Dollar is approaching 1.0370, after it recovered from a dip which halted ahead of 1.0350. AUD/USD retreated 100 pips from its daily highs seen on Tuesday. AUD/USD peaked at a 2 ½-month high of 1.0447 before Wall Street opening, but then dropped nearly 100 pips throughout the NY session.
Read More

UPCOMING EVENTS
2012-01-18 04:30 GMT | Japan - Industrial Production (YoY) (Nov)
2012-01-18 09:30 GMT | UK - ILO Unemployment Rate (3M) (Jan)
2012-01-18 09:30 GMT | UK - Average Earnings including Bonus (3Mo/Yr) (Nov)
2012-01-18 09:30 GMT | UK - Claimant Count Change (Dec)

FOREX NEWS
2012-01-18 04:36 GMT | Japan Nov Industrial Production (YoY) -4.2%
2012-01-18 04:34 GMT | Japan Capacity Utilization -2.9% in Nov
2012-01-18 04:34 GMT | Japan Industrial Production (MoM) -2.7% in Nov
2012-01-18 00:34 GMT | Australia Dec New Motor Vehicle Sales (YoY) -3%

EURUSD 1.27906 / 1.27910
DAILY WEEKLY MONTHLY
High: 1.27927 | Low: 1.27333 | Chg: 0.0055 0.43%

1.2944 | 1.2878 | 1.2843 | 1.2807
1.2711 | 1.2647 | 1.2624 | 1.2592

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

MARKET ANALYSIS - Intraday Analysis

After price formed bottom at 1.2624 (S3) EURUSD was able to break above 1.2711 (S1) and now has found a strong resistance at 1.2807 (R1). If we take a look in the short term time frame, the price is heading close to the downtrend trend line 1.2843 (R2). A break above that level will be suggesting target at 1.2878 (R3) and possibilities for a trend reversal. On the other hand if price fails to break above 1.2807 (R1) we will then expect the price to retest 1.2711 (S1) and then further decline towards 1.2647 (S2). We are in a very crucial level as it is a possibility to either have a continuation of the downtrend or a breakout and trend reversal.

GBPUSD 1.53709 / 1.53718
DAILY WEEKLY MONTHLY
High: 1.53745 | Low: 1.53264 | Chg: 0.0035 0.23%

1.5579 | 1.5527 | 1.5487 | 1.5409
1.5278 | 1.5233 | 1.5203 | 1.5164

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD formed higher bottoms and now is moving towards 1.5409 (R1) a technical and psychological resistance level for the bullish. A break above that level, it will be a proper conformation for long positions as we expect the price to retest 1.5487 (R2). On the downside, decline below 1.5320 will be confirmed the short positions towards 1.5278 (S1) and then 1.5233 (S2).

USDJPY 76.693 / 76.699
DAILY WEEKLY MONTHLY
High: 76.844 | Low: 76.653 | Chg: -0.133 -0.17%

78.03 | 75.56 | 77.33 | 77.05
76.55 | 76.03 | 75.54 | 75.13

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

MARKET ANALYSIS - Intraday Analysis

USDJPY fell yesterday and was supported at 76.55 (S1) and now it seems that it is going to retest that level. We expect the price to retest and then break below our support level targeting fresh lows at 76.03 (S2) and 75.54 (S3). Look for short positions below 76.55 (S1) with a stop loss above 77.05 (R1).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/18012012

**alayoua** · 01-19-2012, 08:13 AM

Daily Forex Market by FXCC 19Jan2012
MARKET OVERVIEW – JANUARY 19 2012
Will the euro strengthen versus the yen?

GBP/USD broke through the levels of resistance from R1-R3 on Wednesday to reach a fresh 5-day high 1.5440, ending the American session 0.68% higher at 1.5435, this represented cables's third successive day of gains. As is its habit on occasion USD/JPY traded in a very limited 76.65/86 range before ending the American session virtually unchanged, at 76.81. The Swiss Franc strengthened versus many major counter party currencies as the US Dollar weakened, the USD/CHF fell to its lowest level in two weeks, below the psychological level of 0.9400. The pair flattened at 0.9382, remaining below 0.9400. The Swissy also rose versus its European rivals. The EUR/CHF broke below 1.2080 to 1.2067, tempting last week's lows at 1.2062, GBP/CHF fell sharply from 1.4515 to 1.4482. EUR/USD ended trading in the New York session circa 1% higher at 1.2862, just below the 20-day EMA resistance level seen at 1.2870 with support seen at 1.2840.

AUD/USD spent Wednesday trading below 1.0450 a 2-month high. The pair ended trading in New York higher for the third consecutive day, closing at 1.0435, up from a session low of 1.0355. A Kiwi sell-off occurred across the markets after a 0.3% fall in inflation was published. NZD/USD lost 45-50 pips rapidly after a sell off took the pair as low as 0.8025 from its earlier highs of 0.8080. After peaking at 1.0176, USD/CAD lost momentum dropping over half a cent late Wednesday currently printing circa 1.0120, a couple of points above Wednesday's daily low of 1.0118.

UPCOMING EVENTS
2012-01-19 00:00 GMT | Australia Consumer Inflation Expectation (Jan)
2012-01-19 00:30 GMT | Australia Unemployment Rate s.a. (Dec)
2012-01-19 00:30 GMT | Australia Employment Change s.a. (Dec)
2012-01-19 09:00 GMT | European Monetary Union ECB Monthly Report

FOREX NEWS
2012-01-19 01:26 GMT | GBP/JPY targeting lows below 118.50
2012-01-19 00:40 GMT | Australia: Unemployment steady at 5.2%, big miss in job creation
2012-01-19 00:27 GMT | Swissy supported by successful auctions
2012-01-19 00:01 GMT | Australia Jan Consumer Inflation Expectation 2.8%

EURUSD 1.28475 / 1.28477
High: 1.28784 | Low: 1.28417 | Chg: -0.0016 -0.12%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral

Resistance Levels: 1.3120 | 1.3075 | 1.2989 | 1.2878
Support Levels: 1.2807 | 1.2714 | 1.2647 | 1.2624

Intraday Analysis: EURUSD rose yesterday towards resistance at 1.2878 (R1) and now it is testing the downtrend trend line again. A break above that level we can expect price to move towards 1.2989 (R2) and this is a proper conformation for a trend reversal. On the downside, if the pair do not manage to break above first resistance then we expect to move towards 1.2807 (S1) and then 1.2714 (S2).

GBPUSD 1.54163 / 1.54172
High: 1.54453 | Low: 1.54159 | Chg: -0.0021 -0.14%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bullish
MA20: Bullish
STOCHASTIC: Neutral

Resistance Levels: 1.5669 | 1.5580 | 1.5488 | 1.5445
Support Levels: 1.5404 | 1.5320 | 1.5278 | 1.5233

Intraday Analysis: GBPUSD gained momentum yesterday and formed a top at 1.5445 (R1) now it seems that is moving towards 1.5404(S1). A break below that level can expect the pair to retest 1.5320 (S2). If the price moves upwards and breaks above our first resistance level 1.5445 (R1) then we expect the price to approach towards 1.5488 (R2).

USDJPY 76.764 / 76.767
High: 76.834 | Low: 76.721 | Chg: -0.054 -0.07%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral

Resistance Levels: 77057 | 77.33 | 77.05 | 76.87
Support Levels: 76.65 | 76.59 | 76.10 | 75.56

Intraday Analysis: USDJPY is moving sideways between 76.87 (R1) and 76.65 (S1). A break below our support level, we can expect the price to retest 76.59 (S2) and further decline we’ll focus on 76.10 (S3). Look for short positions with a stop loss above 77.05 (R2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/19012012