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Forums > Commercial Zone > Third Party Market Analytics > Daily Currency Analysis & Strategy
Messages (788 Replies)
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25 Apr 2015 10:05 AM
USDCHF: Vulnerable, Risk Points Lower

USDCHF: With a reversal of almost all of its past week gains seen at the end of the week to close slightly higher, USDCHF now faces the risk of a move lower in the new week. On the downside, support comes in at the 0.9500 level. A turn below here will open the door for more weakness to occur towards the 0.9450 level and then the 0.9386 level. A cut through here will open the door for additional weakness towards the 0.9300 level. Its weekly RSI is bearish and pointing lower supporting this view.  Conversely, resistance resides at the 0.9600 level with a breach targeting the 0.9650 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9700 level. All in all, the pair remains biased to the downside.

 
28 Apr 2015 9:01 AM
GBPUSD: Builds Up On Strength
 
GBPUSD: With GBP maintaining above its broken resistance turned support at the 1.5166 level, it faces further bullish offensive. However, watch out for any pullback risk of its recent strength. On the downside, support lies at the 1.5200 level where a break if seen will aim at the 1.5150 level. A break of here will turn attention to the 1.5100 level. Further down, support lies at the 1.5050 level. On the upside, resistance resides at the 1.5350 level with a break aiming at the 1.5400 level. A violation will aim at the 1.5450 level and possibly higher towards the 1.5500 level. Its daily RSI is bullish and pointing higher supporting this view.  On the whole, GBP remains biased to the upside on recovery
04 May 2015 10:28 AM

USDJPY: Retains Broader Upside Bias

USDJPY: Unless the pair retains below the 118.48/32 support zone, it continues to retain its broader upside bias in the medium term. On the upside, resistance resides at the 120.83 level with a turn above here aiming at the 122.00 level. A break will target the 122.50 level. Further out, resistance comes in at the 123.00 level where a violation will aim at the 123.50 level. On the downside, support comes in at the 119.50 level where a break will target the 119.00 level. Below here if seen will aim at the 118.50 level followed by the 118.00 level. On the whole, USDJPY remains exposed to the upside in the medium term despite price hesitation.


06 May 2015 1:45 AM
EURJPY: Reverses Higher, Eyes The Further 135.27 Level.

EURJPY- Having taken back its intra day losses to close higher on Tuesday, risk of further move higher is now envisaged. Resistance lies at the 135.00 level. Further out, resistance resides at the 135.50 level where a break if seen will threaten further upside towards the 136.00. Further out, resistance resides at the 136.50 level. On the downside, support comes in at the 134.00 level where a break will aim at the 133.50 level. A turn below here will target the 133.00 level with a breach turning focus to the 132.00 level. All in all, the cross now faces price hesitation suggesting an impending pullback.

30 May 2015 9:09 AM
USDCHF: Pulls Back, Loses Upside Momentum.

USDCHF:  Price weakness saw USDCHF declining the past week with risk of more weakness on the cards. Resistance resides at the 0.9500 level with a breach targeting the 0.9550 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9600 level. Conversely, on the downside, support comes in at the 0.9400 level. A turn below here will open the door for more weakness to occur towards the 0.9350 level and then the 0.9300 level. A cut through here will open the door for additional weakness towards the 0.9250 level. All in all, the pair remains biased to the downside on correction.

03 Jun 2015 9:04 AM
USDJPY: Faces Pullback Threats

USDJPY:  The pair still remains weak and vulnerable on corrective pullback though seen hesitating during early trading on Wednesday. However, except it returns above the 125.04 level, risk continues to point lower. On the upside, resistance resides at the 125.00 level with a turn above here aiming at the 126.00 level. A break will target the 125.50 level. Further out, resistance comes in at the 126.00 level where a violation will aim at the 126.50 level. Conversely, support comes in at the 124.00 level where a break will target the 123.50 level. Below here if seen will aim at the 123.00 level followed by the 122.50 level. On the whole, USDJPY remains exposed to the upside in the medium term but faces pullback threats.

04 Jun 2015 10:22 AM
EURGBP- Vulnerable, Loses Upside Momentum

EURGBP- With EURGBP seen struggling at higher level prices, it faces the risk of a move lower if failed to surpass its intra day high at 0.7383 level. On the downside, support lies at the 0.7300 level where a break will expose the 0.7250 level. Further down, support comes in at the 0.7200 level where a violation will turn attention to the 0.7150 level. On the upside, resistance lies at the 0.7300 level where a violation if seen will turn focus to the 0.7350 level. On further upside, a breach of the 0.7400 level will set the stage for a run at the 0.7450 level. All in all, risk points higher on more strength but with caution.

05 Jun 2015 8:19 AM

GBPUSD: Faces Downside Risk On Rejection Candle.

GBPUSD: Faces Downside Risk On Rejection Candle. GBPUSD: Having capped its recovery at the 1.5440 level on a rejection candle on Thursday and seen declining during early trading today, GBPUSD’s further downside pressure is likely. On the downside, immediate support lies at the 1.5250 level where a break if seen will aim at the 1.5200 level. A break of here will turn attention to the 1.5150 level. Further down, support lies at the 1.5100 level. On the upside, resistance resides at the 1.5350 level with a break aiming at the 1.5400 level. A violation of here will aim at the 1.5450 level and possibly higher towards the 1.5500 level. On the whole, GBP continues to retain its downside bias.

  null

11 Jun 2015 8:44 AM
EURUSD: Vulnerable, Triggers Corrective Weakness

EURUSD: With EUR triggering a corrective weakness following its rejection candle print on Wednesday, downside risk is building up. While the 1.1378 level caps, our bias remains lower. Resistance is seen at the 1.1350 level with a cut through here opening the door for more upside towards the 1.1400 level. Further up, resistance lies at the 1.1450 level where a break will expose the 1.1500 level. Conversely, support lies at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will aim at the 1.1150 level with a turn below that level targeting the 1.1100 level. All in all, EUR faces downside threats having triggered a correction


15 Jun 2015 10:11 AM
GBPUSD: Faces Further Upside Risk
 
GBPUSD: GBP’s outlook continues to point higher with risk of more gains envisaged. On the upside, resistance resides at the 1.5650 level with a break aiming at the 1.5700 level. A violation of here will aim at the 1.5750 level and possibly higher towards the 1.5800 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.5450 level where a break if seen will aim at the 1.5400 level. A break of here will turn attention to the 1.5350 level. Further down, support lies at the 1.5300 level. On the whole, GBP continues to remain on the offensive in the short term.

20 Jun 2015 11:30 AM
USDCHF: Extends Weakness

USDCHF:  With the pair declining further the past week, it now looks to see more weakness in the new week. However, beware of a correction. On the downside, support comes in at the 0.9100 level. A turn below here will open the door for more weakness to occur towards the 0.9050 level and then the 0.9000 level. A cut through here will open the door for additional weakness towards the 0.9000 level. Resistance resides at the 0.9250 level with a breach targeting the 0.9300 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9350 level. All in all, the pair remains biased to the downside on further correction.

21 Jun 2015 1:35 PM
EURUSD: Retains Upside Bias But With Caution

EURUSD:  EUR may have closed higher the past week but with caution as pullback threats could occur. Resistance is seen at the 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Its weekly RSI is bullish and pointing higher supporting this view.  Conversely, support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break of here will aim at the 1.1200 level with a turn below that level targeting the 1.1150 level. All in all, EUR faces downside threats in the medium term.

22 Jun 2015 7:55 AM
GBPUSD: Triggers Correction On Price Failure
 
GBPUSD: With GBP triggering a correction during  Monday trading session, we expect more weakness to occur in the days ahead. On the upside, resistance resides at the 1.5900 level with a break aiming at the 1.5950 level. A violation of here will aim at the 1.6000 level and possibly higher towards the 1.6050 level. Its daily RSI is turning lower supporting its current price action. On the downside, support lies at the 1.5800 level where a break if seen will aim at the 1.5750 level. A break of here will turn attention to the 1.5700 level. Further down, support lies at the 1.5600 level. On the whole, GBP continues face downside pressure on correction.

24 Jun 2015 6:54 AM
USDCAD: Loses Upside Momentum, Declines

USDCAD: Having capped its recovery at the 1.2381 level to close on a reject candle on Tuesday, a move back to the downside could be building up. That move has already been triggered. On the upside, resistance is seen at the 1.2400 level followed by the 1.2450 level. Further out, resistance comes in at the 1.2500 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2550 level. On the downside, support lies at the 1.2250 level followed by the 1.2200 level. Further down, support resides at the 1.2150 level and then the 1.2100 level. All in all, USDCAD remains biased to the downside on correction.
25 Jun 2015 8:17 AM
USDCHF: Bullish With Eyes On Key Resistance

USDCHF:  With the pair building up on its corrective offensive on Thursday, it faces the risk of further bullishness. Resistance resides at the 0.9428 level with a breach targeting the 0.9500 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9550 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 level and then the 0.9200 level. A cut through here will open the door for additional weakness towards the 0.9150 level All in all, the pair remains biased to the upside on further correction.

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