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View Poll Results: What does January holds for EURUSD having continued to hold its medium term downtrend
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Old Feb 5, 2012, 2:20pm   #25
 
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EURUSD: Bullish Momentum Remains Despite Price Hesitation (Weekly Technical Strategis

FXTechstrategy Team started this thread EURUSD: Despite a marginal lower close due to price hesitation the past week, its broader upside outlook remains intact.The pair must break and hold above the 1.3233 level to strengthen further with eyes on the 1.3375 level, its Dec 12’12 level. On further price extension, EUR 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 1.3074 level will be targeted 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. All in all, EUR continues to retain its corrective recovery tone despite a hitch the past week.
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Old Feb 6, 2012, 8:21pm   #26
 
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Special Focus: EURUSD

FXTechstrategy Team started this thread EURUSD: Broader Bias Points Higher, key Resistance Lies At The 1.3233 Level

EURUSD: The pair may be consolidating its rally from the 1.2620 to 1.3233 levels but continues to hold on to bullish bias with eyes on a return to the 1.3233 level.A clearance of here will see EUR strengthening 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. Alternatively, on continued consolidation, downside risk could develop towards 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 followed by the 1.2587 level, its Aug 2010 low.
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Old Feb 7, 2012, 12:00pm   #27
 
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AUDUSD: Reverses Gains, On The Offensive (Special Focus)

FXTechstrategy Team started this thread AUDUSD: With AUDUSD reversing its Monday losses and challenging its psycho level at 1.0800, the risk is for further strengthen to occur.This if seen will leave the possibility of targeting the 1.0900 level, representing psycho level on the table. Further out, the next upside target resides at the 1.1000/4 levels and ultimately, its July 27’2011 high at 1.1078. Its daily RSI is bullish and pointing higher supporting this view. On the other hand, on any pullbacks, the 1.0749 level, its Oct 27’2011 high where a reversal of roles as support will occur and then turn the pair back up. However, if this fails to happen, we could see the pair aiming at the 1.0569 level, its Oct 31 high with a violation opening the door for a run at 1.0444 level. Below here will set the stage for further declines towards the 1.0230 level, its Jan 13’2012 low. All in all, the pair faces the risk of strengthening further.
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Old Feb 7, 2012, 11:37pm   #28
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Re: Special Focus: EURUSD

GBP FUTURES


GBP/USD

Date 07/02/2012
Total Open Interest 192,417
Net Marginal Change -246
Marginal Accumulation 3,584
Change in Total OI (%) 1.9

The British Pound futures market remains flat. It has added 3,584 new transactions since the last decline on 25th January. The spot price advanced further upwards. Cable didn’t correct as deeply as EUR/USD therefore there was no opportunity to enter long positions. COT weekly report confirms the similar dynamic to euro futures. Commercials are now dumping their long contracts. With stops triggered and more short covering we should see further advance in this market.
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Old Feb 8, 2012, 1:13pm   #29
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Re: AUDUSD: Reverses Gains, On The Offensive (Special Focus)

Hi FXTechstrategy Team

I have no doubt your analysis is appreciated but I was wondering could you perhaps keep it in one thread, or even a thread per currency pair? You are opening a lot of new threads with just one post in them. You have 8 threads on the first page alone!

Last edited by Nigel-P; Feb 8, 2012 at 1:22pm.
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Old Feb 9, 2012, 12:17pm   #30
 
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EURJPY: Risk Continues To Point To The 102.52 Level And Beyond (Technical Focus)

FXTechstrategy Team started this thread EURJPY- With the cross holding above the 102.19 level and challenging the 102.52 level, its Dec 21’2011 low, further upside offensive looks to continue.Above the 102.52 level will call for a run at its Dec 12’2011 high at 103.86 and possibly higher towards its Dec 02’2011 high at 105.69. Its daily RSI is bullish and pointing higher suggesting further strength. Alternatively, the risk to our analysis will be for the cross to return to the 99.02 level where we could see a reversal of roles as support to occur. However, below here if seen will switch attention to the 97.02/00 levels where a breach will resume its broader downtrend towards the 96.76 level, its Dec 12’2000 low. Further down, support stands at the 96.00 level, its psycho level. All in all, EURJPY faces further corrective recovery risk having returned above the 102.19 level.
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Old Feb 9, 2012, 12:37pm   #31
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Re: EURJPY: Risk Continues To Point To The 102.52 Level And Beyond (Technical Focus)

Just repeating from yesterday.

Quote:
Originally Posted by Nigel-P View Post
Hi FXTechstrategy Team

I have no doubt your analysis is appreciated but I was wondering could you perhaps keep it in one thread, or even a thread per currency pair? You are opening a lot of new threads with just one post in them. You have 8 threads on the first page alone!
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Old Mar 14, 2012, 12:13am   #32
 
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EURJPY: Set To Return To The 109.87 Level (Special Focus)

FXTechstrategy Team started this thread EURJPY- The cross remains biased to the upside as it looks to resume its broader rally triggered from the 72.05 level. However, it will have to break and close above the 109.87 level to resume that trend. This if seen will pave the way for a run at the 111.52 level, its Oct 31’2011 high. A breather may occur here and then turn it back down probably on a correction. However, if this fails to happen, further strength is likely towards the 112.34 level with a violation of there extending further gains towards the 113.00 and then the 114.14 level, its July 31’2011 high. Conversely, the risk to this analysis will be a return to its Mar 06’2012 low at 105.63 where a violation will call for a run at the 104.49 level, its Dec 09’2011 high and then the 103.27 level. All in all, EURJPY continues to maintain its broader upside tone.
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