Login

User Name:  
Password::  
Forgot Password?
Sign up with

Join now (it's free)

User Name:
First Name:
Last Name:
Email:
Password::
Forums > Commercial Zone > Third Party Market Analytics > Daily Currency Analysis & Strategy
Messages (821 Replies)
  •  
  •  
  •  
  •  
  •  
  Sort:
13 Feb 2015 9:33 PM
    USDCHF: Corrective Pullback Risk Envisaged

    USDCHF: Despite its past week attempts on upside, it still faces corrective pullback risk. This view remains valid as long as USDCHF holds below the 0.9344 level. On the downside, support lies at the 0.9250 level with a break targeting the 0.9200 level and then the 0.9150 level. Further down, support comes in at the 0.9100 level. On the upside, resistance resides at the 0.9344 level where a break will aim at the 0.9400 level. Further out, resistance resides at the 0.9450 level. A breather may occur here and turn the pair lower but if taken out, expect a push towards the 0.9500 level. All in all, the pair remains broadly biased to the downside medium term. 

    Edited:13 Feb 2015 9:33 PM
    15 Feb 2015 7:35 AM
    EURUSD: Vulnerable Below The 1.1533 Level


    EURUSD:  While EUR may have closed higher the past week, it still faces its broader downside pressure as long as it trades below the 1.1533 level. Support is seen at 1.1300 level with a cut through here opening the door for more downside towards the 1.1269 level. Further down, support lies at the 1.1200 level where a break will expose the 1.1150 level. On the upside, resistance lies at the 1.1450 level where a violation will aim at the 1.1533 level where a break will aim at the 1.1600 level, its psycho level. A turn below here will aim at the 1.1650 level. Further out, resistance comes in at the 1.1700 level. All in all, EUR remains biased to the downside in the medium term though facing a recovery higher nearer term . 

    16 Feb 2015 9:48 PM
    EURUSD: Remains Weak And Targeting Further Decline

    EURUSD:  Having weakened on Monday, it now faces its broader downside pressure as long as it trades below the 1.1533 level. Support is seen at 1.1300 level with a cut through here opening the door for more downside towards the 1.1269 level. Further down, support lies at the 1.1200 level where a break will expose the 1.1150 level. On the upside, resistance lies at the 1.1450 level where a violation will aim at the 1.1533 level where a break will aim at the 1.1600 level, its psycho level. A turn below here will aim at the 1.1650 level. Further out, resistance comes in at the 1.1700 level. All in all, EUR remains biased to the downside in the medium term though facing a recovery higher nearer term .
    22 Feb 2015 11:16 AM

    EURUSD: Bear Pressure Remains

    EURUSD:  We continue to envisage a decline having EUR closed almost flat the past week. Support is seen at 1.1278 level with a cut through here opening the door for more downside towards the 1.1200 level. Further down, support lies at the 1.1150 level where a break will expose the 1.1100 level. On the upside, resistance lies at the 1.1450 level where a violation will aim at the 1.1533 level. A break of here will aim at the 1.1600 level, its psycho level with a turn below that level targeting the 1.1650 level. Further out, resistance comes in at the 1.1700 level. All in all, EUR remains biased to the downside in the medium term though facing a recovery higher nearer term. 

    23 Feb 2015 10:12 AM
    USDCAD: Bullish, Follows Through On Strength

    USDCAD: Having halted its correction to close higher the past week, it faces the risk of a move higher. It was seen following through higher on the back of its Friday gain during Monday trading session today.  However, as long as it trades below the 1.2696 level, corrective pullback risk is not over. On the downside, support lies at the 1.2550 level followed by the 1.2500 level. Further down, support resides at the 1.2450 level and then the 1.2400 level. On the upside, resistance is seen at the 1.2650 level followed by the 1.2696 level. Further out, resistance comes in at the 1.2750 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2800 level. All in all, USDCAD continues to face bullish offensive medium term
    25 Feb 2015 10:37 AM
    AUDUSD:  Bullish, Extends Strength

    AUDUSD:  With AUDUSD following through higher on the back of its Tuesday gains during Wednesday trading session, further price extension is envisaged. On the upside, resistance lies at the 0.7950 level. A cut through here will turn attention to the 0.8000 level and then the 0.8050 level where a violation will set the stage for a retarget of the 0.8100 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support resides at the 0.7850 level where a breach will aim at the 0.7800 level. Below that level will set the stage for a run at the 0.7750 level with a cut through targeting further downside towards the 0.7700 level. On the whole, AUDUSD continues to retain its corrective upside pressure.

    04 Mar 2015 7:48 AM
    EURUSD: Weakens, Eyes Key Support

    EURUSD: With seen weakening, further decline towards its key support the 1.1096 level is expected. Support is seen at 1.1050 level with a cut through here opening the door for more downside towards the 1.1000 level. Further down, support lies at the 1.0950 level where a break will expose the 1.0900 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance lies at the 1.1200 level where a violation will aim at the 1.1250 level. A break of here will aim at the 1.1300 level, its psycho level with a turn below that level targeting the 1.1378 level. Further out, resistance comes in at the 1.1450 level. All in all, EUR remains biased to the downside in the medium term.

    05 Mar 2015 8:20 AM
    USDJPY: Recovering With Caution

    USDJPY: Broader outlook for USDJPY may be higher in the medium term but faces consolidation to downside threats in the short term. While the 120.47/81 zone caps, our bias remains lower. On the downside, support comes in at the 119.50 level where a break will target the 118.00 level. Below here if seen will aim at the 117.00 level followed by the 116.00 and then the 115.00. On the upside, resistance resides at the 120.00 level. Below here will aim at the 121.00 level where a break will target the 122.00 level. Further out, resistance comes in at the 123.00 level where a violation will aim at the 124.00 level. On the whole, USDJPY remains exposed to the upside medium term but faces bear threats.
    09 Mar 2015 9:38 AM
    GBPJPY: Recovers Higher On Correction

    GBPJPY: The cross has triggered a recovery following its past week declines. This development leaves GBPJPY targeting further upside in the days ahead. On the downside, support comes in at the 182.00 level where a violation will aim at the 181.00 level. A break below here will target the 180.00 level followed by the 179.00 level. Further down, support lies at the 178.00 level. Conversely, on the upside, resistance lies at the 183.00 level followed by the 184.00 level where a break will aim at the 185.00 level. A cut through here will aim at the 186.00 level. Its daily RSI is turning higher supporting this view.  All in all, the cross remains biased to the upside on corrective recovery
    15 Mar 2015 11:30 AM
    EURUSD: Retains Broader Downside  Bias

    EURUSD:  With EUR declining further the past week, it looks to weaken further in the new week. However, we may see a corrective recovery on the back of its recent weakness. Support is seen at 1.0450 level with a cut through here opening the door for more downside towards the 1.0400 level. Further down, support lies at the 1.0350 level where a break will expose the 1.0300 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance lies at the 1.0550 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0650 level, its psycho level with a turn below that level targeting the 1.0700 level. Further out, resistance comes in at the 1.0750 level. All in all, EUR remains biased to the downside in the medium.
    17 Mar 2015 1:14 PM
    EURJPY: Extends Corrective Recovery

    EURJPY- Having triggered a correction on Monday and followed through on Tuesday, risk of more upside remains. On the downside, support comes in at the 128.00 level where a break will aim at the 127.50 level. A turn below here will target the 127.00 level with a breach turning focus to the 126.50 level. Conversely, resistance resides at the 129.05 level where a break if seen will threaten further upside towards the 129.30. Further out, resistance resides at the 130.00 level where a break will aim at the 131.00. All in all, the cross continues to face downside risk medium term but has triggered a correction short term.

    22 Mar 2015 3:12 PM
    EURUSD: Biased To The Upside On Correction

    EURUSD:  With EUR closing higher on a recovery the past week it looks to strengthen further in the new week. However, we may see a mild pullback before it could push higher again. Support is seen at 1.0750 level with a cut through here opening the door for more downside towards the 1.0700 level. Further down, support lies at the 1.0600 level where a break will expose the 1.0550 level. On the upside, resistance lies at the 1.0900 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0000 level, its psycho level with a turn below that level targeting the 1.1000 level. Further out, resistance comes in at the 1.1041 level. Its weekly RSI is bullish and pointing higher supporting this view. All in all, EUR remains biased to the downside in the medium.

    24 Mar 2015 9:24 AM
    USDCAD: Sees Further Corrective Weakness

    USDCAD: The pair took back almost all of its intraday day gains to close lower on Monday and followed through lower on Tuesday. This development now leaves it targeting further downside. On the downside, support lies at the 1.2450 level followed by the 1.2400 level. Further down, support resides at the 1.2350 level and then the 1.2300 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2650 level. All in all, USDCAD continues to face bearish offensive short term
    29 Mar 2015 11:01 AM
    EURUSD: Vulnerable On Price Failure


    EURUSD:  With EUR closing almost flat the past week, it faces downside risk as long the 1.1051/96 levels cap. Resistance is seen at 1.0950 level with a cut through here opening the door for more downside towards the 1.1000 level. Further up, resistance lies at the 1.1050 level where a break will expose the 1.1096 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level with a turn below that level targeting the 1.0766 level, its Mar 23’2015 low .  All in all, EUR remains biased to the upside on correction though seen hesitating on Tuesday.

    30 Mar 2015 9:08 AM
    USDJPY: Follows Through On Recovery

    USDJPY:  Having followed through on the back of its rejection candle on Thursday during Monday’s trading session, more strength is expected. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level. A break will target the 121.00 level. Further out, resistance comes in at the 121.50 level where a violation will aim at the 122.00 level. On the downside, support comes in at the 118.50 level where a break will target the 118.00 level. Below here if seen will aim at the 117.50 level followed by the 117.00 level. On the whole, USDJPY remains exposed to the upside in the immediate term.

    You are not authorized to post a reply.
    Page 1 of 5512345 > >>
    Top
    An e-mail with your verification code has been sent to your e-mail address. Please access your in-box and use the verification button or verification code to complete your registration.
    You already have an account linked with this E-mail (it maybe standard or social login). Please, sign in with it.
    Please, provide us your e-mail so we can verify your account.
    Email: