1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Daily Forex Market by FXCC 16Feb2012

Discussion in 'Market Predictions and Reports' started by alayoua, Feb 16, 2012.

  1. alayoua

    alayoua Banned

    Joined:
    Jul 19, 2011
    Messages:
    0
    Likes Received:
    0
    Daily Forex Market by FXCC 16Feb2012

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

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

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

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

    [​IMG]

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

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


    MARKET ANALYSIS - Intraday Analysis

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

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

    [​IMG]
    1.5877 | 1.5828 | 1.5771 | 1.5723
    1.5643 | 1.5594 | 1.5567 | 1.5543

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


    MARKET ANALYSIS - Intraday Analysis

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

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

    [​IMG]

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

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


    MARKET ANALYSIS - Intraday Analysis

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

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

Share This Page