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View Poll Results: What does January holds for EURUSD having continued to hold its medium term downtrend
Weakness 2 50.00%
Correction 2 50.00%
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Old Jan 28, 2012, 12:07pm   #17
 
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USDCHF – Rolls Over, Set To Weak Further With Eyes On .50 Fib Ret (The Week Ahead)

FXTechstrategy Team started this thread USDCHF: The pair ended the week lower for a third week in row since turning off the 0.9591 level on Jan 09’2012. With that said, USDCHF faces the risk of further declines in the new week towards the 0.9063/75 level, its Nov 30’2011 low/.50 Fib Ret (0.8558-0.9591 rally) where a violation will extend price weakness towards its psycho level at 0.9000. We may see a breather here due to the psychological nature of this support level but if taken out, expect more weakness to shape up towards the 0.8890 level, its Nov 03’2011 low. Its weekly RSI is bearish and pointing higher supporting this view. Alternatively, on any recovery, the pair will aim at the 0.9175 level, its Dec 08’2011 low followed by the 0.9240 level where a reversal of roles as support is likely to occur and turn it lower. However, if this fails to happen, the pair could strengthen further towards the 0.9504 level, its Jan 13’2012 low and then the 0.9591 level. Further out, resistance resides at the 0.9772 level, its Feb 11’2011 high. On the whole, the pair remains biased to the downside on further nearer term weakness.
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Old Jan 29, 2012, 3:38pm   #18
 
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EURUSD: Maintains Continuous Weekly Gains, Eyes Set On 1.3375 Level (Weekly Outlook)

FXTechstrategy Team started this thread EURUSD: Having rallied and broken the 1.3074 level and the 1.3197 level, EUR now looks to strengthen further with eyes on the 1.3375 level, its Dec 12’12 level.On further price extension, the pair should target the 1.3484 level, its Dec 05’2011 high and possibly higher towards its Dec 02’2011 high at 1.3547. Its weekly RSI is bullish and pointing higher suggesting further strength. Alternatively, on any pullback, the 1.3197 level will be targeted ahead of the 1.3074 level where a reversal of roles as support is likely to occur and turn the pair back up. However, if that level is taken out, further declines is expected towards the 1.2856/75 level, its Dec 29’2011 low/Jan 2011 low. Further down, support lies at the 1.2624 level where a loss will resume its medium term weakness and aim at the 1.2587 level, its Aug 2010 low.
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Old Jan 30, 2012, 11:49am   #19
 
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USDJPY: Susceptible, Immediate Risk Points Lower (Daily Technical Strategist)

FXTechstrategy Team started this thread USDJPY: The pair faces the risk of recapturing its key support at the 76.57 level as it reversed its early gains the past week and poised to to weaken further in the new week.A clearance of there will turn focus to the 75.57 level, its Oct’2011 low with a break paving the way for a run at the 74.00 level and then the 73.00 level, all representing its psycho levels. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, USDJPY will have to climb back above the 78.18/27 levels to end its present bear threats and then trigger its corrective recovery. This will clear the way for a run at the 79.49 level, its Oct 2011 high followed by the 81.47 level, its July 08’2011 high and subsequently the 82.21 level, its May 24’2011 high. All in all, USDJPY is biased to the downside in the long term as it looks to recapture its key support.
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Old Feb 1, 2012, 1:17pm   #20
 
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USDCAD: Vulnerable Despite Price Hesitation (Special Focus)

FXTechstrategy Team started this thread USDCAD: While USDCAD is trying to stage a recovery having held above the 1.0000 level, its big psycho level and its Tuesday low at 0.9964 level, it still remains susceptible.This will leave the pair targeting the 0.9890 level, its Oct 27’2011 high. Both its daily and weekly RSI are bearish and pointing lower suggesting further declines. Alternatively, the 1.0284/1.0317 levels will have to be violated to put on hold the pair’s present weakness and then target the 1.0423 level, its Dec 14’2011 high followed by its Nov 25’2011 high at 1.0524. Further out, its Oct’2011 high at 1.0665 will come in as the next upside target. All in all, the pair remains vulnerable to the downside on further weakness.
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Old Feb 2, 2012, 12:10pm   #21
 
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EURUSD: Biased To The Upside Nearer Term But Continues To Consolidate (Currency Outlo

FXTechstrategy Team started this thread EURUSD: The pair will have to break and hold above the 1.3233 level, its Jan 27’2012 high to prevent a return to the 1.3025 level, its Feb 01’2012 low.If the latter occurs, EUR will decline further towards the 1.2930 level, its Jan 25’2011 low. Further down, support lies at the 1.2856/75 level, its Dec 29’2011 low/Jan 2011 low. Its daily RSI is bearish and pointing lower supporting this view. Alternatively, the pair will have to return to the 1.3233 level to annul its present price hesitation where a breach will set the stage for further strength towards the 1.3375 level, its Dec 12’12 high ahead of its Dec 02’2011 high at 1.3547. All in all, though still retaining its nearer term uptrend, it faces prices hesitation.
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Old Feb 2, 2012, 4:35pm   #22
 
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Re: EURUSD: Biased To The Upside Nearer Term But Continues To Consolidate (Currency O

Sounds like a good assessment to me
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Old Feb 2, 2012, 7:27pm   #23
 
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Re: EURUSD: Biased To The Upside Nearer Term But Continues To Consolidate (Currency O

FXTechstrategy Team started this thread Hi,

Thanks. We still believe EURUSD has more upside to go following its rally off the 1.2620 level (nearer term rally). It should head back up on ending its present consolidation.
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Old Feb 4, 2012, 12:50pm   #24
 
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AUDUSD: shots Through The 1.0749 Level, Sets Up For Further Strength (Currency Outloo

FXTechstrategy Team started this thread AUDUSD: A strong rally saw AUDUSD pushing through its key resistance at the 1.0749 level, its Oct 27’2011 high to close the week higher on Friday.This development has left the possibility of a return to the 1.0800 level on the cards. Further out, the next upside target resides at the 1.0900 level and subsequently its Aug 02'2011 high at 1.1004. Its daily and weekly RSI are bullish and pointing higher supporting this view. On the other hand, on any pullbacks, the 1.0749 level and the 1.0569 level, its Oct 31 high will be aimed at. A reversal of roles as support is expected to occur at those levels and turn the pair higher. However, a violation of there will open the door for a run at 1.0444 level followed by the 1.0230 level, its Jan 13’2012 low and then the 1.0141 level, its Jan 09’2012. All in all, the pair faces the risk of strengthening further having taken out its key resistance at 1.0749 level.
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