Technical analysis for EUR/USD, GBP/USD

[bitrader]

* range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.2940/60

For short-term sells on condition of formation of topping signals the target will be 1.2880/1.2900, 1.2810/30, 1.2760/80 and/or further breakout variant up to 1.2700/20, 1.2640/60, 1.2580/1.2600.

An alternative for buyers will be above 1.3020 with the targets 1.3060/80, 1.3100/20.

 

[bitrader]

* range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.2580/1.2600

For short-term buying positions on condition of formation of topping signals the targets will be 1.2660/80, 1.2720/40, 1.2800/20 and/or further breakout variant up to 1.2860/80, 1.2920/40, 1.3000/20, 1.3060/80.

An alternative for sells will be below 1.2540 with targets 1.2480/1.2500, 1.2400/20, 1.2340/60.

 

[bitrader]

* range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.2680/1.2700

For buying positions on condition of formation of topping signals the targets will be 1.2760/80, 1.2820/40 and/or further breakout variant up to 1.2880/1.2900, 1.2980/1.3000, 1.3060/80.

 

[bitrader]

EURUSD:
*Range 1.2810/30

For short-term sells on condition of formation of topping signals the targets will be 1.2740/60, 1.2680/1.2700 and/or further breakout variant up to 1.2660 with targets 1.2600/20, 1.2540/60, 1.2480/1.2500.

An alternative for buyers will be above 1.2860 with targets 1.2900/20, 1.2980/1.3000, and 1.3060/80.

 

[richemarks]

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[bitrader]

* range(supports or resistance ), where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.3260/80

For short-term buying positions on condition of formation of topping signals the targets will be 1.3330/50, 1.3400/20 and/or further breakout variant up to 1.3460/80, 1.3520/40, 1.3600/20, 1.3720/40, 1.3880/1.3900.
An alternative for sells will be below 1.3180 with targets 1.3110/30, 1.3040/60, 1.2960/80.

 

[jeffsmith]

Dollar as on Thursday



The dollar plunged on Thursday trading, declining to its buck level in almost 2-months next to the euro at 1.3405 and Japanese currency at 91.15. Prompting the sheer sell-off in the greenback was a place of dismal US financial reports – which included weekly jobless claims and the buy and sell balance figure. The daily jobless claims report without warning surged to its highest stage in 26-years at 573k, nastiest than the 525k forecasted and piercingly higher from the preceding week at 509k. In the meantime, the October trade shortage ballooned to $57.19 billion against calls for an upgrading to $53.5 billion from $56.47 billion in September.

Safe refuge flow jump into blemish gold, approaching it to a two-month high at $833 a barrel. In the meantime, US equities struggle across the plank with the Dow Jones slumping by 2.24%, the NASDAQ descending 3.68% and the S&P 500 trailing 2.85%.

The US monetary calendar on Friday will closely scrutinize with traders looking at November trade sales, PPI and the December University of Michigan consumer confidence survey. The headline November retail sales is expected to improve to -1.9% from -2.8% from October, while the excluding autos figure is seen improving to -1.7% from -2.2% a month earlier. The November PPI expected to turn down by 2.0%, compared with a 2.8% decline a month earlier. The University of Michigan consumer confidence index was seen drifting somewhat lower in December to 55.0 from 55.3 a month earlier.



Euro Rallies to 2-month High

The euro jumped to its highest level in two months against the greenback above the 1.34-level. ECB Board member Weber tempered expectations for further aggressive policy easing from the Central Bank, saying “if the benchmark rate sinks below 2% when medium to long-term inflation expectations are just below 7%, that implies negative interest rates”, which he expressed as wanting to avoid.

Eurozone economic data due out later in the session include Q3 labor cost and October industrial production.

EURUSD has relinquished its earlier gains, drifting to 1.3315 with support seen at 1.33, followed by 1.3270 and 1.3230. Subsequent floors are eyed at 1.32, backed by 1.3160 and 1.3120. On the upside, interim resistance starts at 1.3360, backed by 1.34 and 1.3440. Additional gains will target 1.3470, backed by 1.35 and 1.3540.

 

[bitrader]

* range(supports or resistance ), where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.3380/1.3400

For short-term buying positions on condition of formation of topping signals the targets will be 1.3460/80, 1.3520/40 and/or further breakout variant up to 1.3580/1.3600, 1.3680/1.3700, 1.3760/80, 1.3880/1.3900.
An alternative for sells will be below 1.3280 with targets 1.3210/30, 1.3140/60, 1.3020/40.

 

[jeffsmith]

Friend thanks for the news updates for today. This was yesterday conformed that this pair was going to be some what voliatel.

 

[bitrader]

* range(supports or resistance ), where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.4340/60

For sells on condition of formation of topping signals the targets will be 1.4260/80, 1.4160/80 and/or further breakout variant up to 1.4100/20, 1.4020/40, 1.3900/20.
An alternative for buyers will be above 1.4560 with targets 1.4600/20, 1.4660/80, 1.4700/20.

 

[bitrader]

EURUSD:
for sells will be below 1.4020 with targets 1.3770, 1.3500, stop loss 1.4220

 

[bclee66]

eu definately heading lower on monday, closing at 1.3920 lower done .13840 on eriday.

 

[bitrader]

GBPUSD:
*Range 1.4580/1.4600

For short-term sells on condition of formation of topping signals the targets will be 1.4480/1.4520, 1.4400/20, 1.4300/40 and/or further breakout variant up to 1.4220/40, 1.4160/80, 1.4080/1.4100.

 

[jeffsmith]

Some news for today from an online broker AVAFX. Which has reached its points in some pairs. This broker is soon going to start the services of providing updated news about the market.

GBP/USD intraday: under pressure.
Pivot: 1.4660.
Our Preference: SHORT positions @ 1.465 with targets @ 1.445 & 1.44.
Alternative scenario: The upside penetration of 1.466 will call for a rebound towards 1.4765 & 1.48.
Comment: The 1.466 intermediary congestion areas maintain a downside pressure.
Trend: ST Consolidation; MT Bearish


EUR/USD intraday: the downside prevails.
Pivot: 1.3975.
Our Preference: SHORT positions @ 1.3965 with 1.3845 & 1.376 as next targets.
Alternative scenario: The upside penetration of 1.3975 will call for 1.405 & 1.41.
Comment: the pair is capped by a declining trend line, the RSI is under pressure.
Trend: ST Ltd Downside; MT Range

EUR/GBP intraday: turning down.
Pivot: 0.963
Our preference: Short positions below 0.963 with targets @ 0.9525 & 0.9475 in extension.
Alternative scenario: Above 0.963 look for further upside with 0.9675 & 0.9725 as targets.
Comment: the RSI has banged against a major resistance around 70% and is reversing down.

 

[bitrader]

* the possibility of pair return to(supports or resistance ), where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1,3520/40


For short-term buying positions on condition of formation of topping signals the targets will be 1.3580/1.3600, 1.3660/80 and/or further breakout variant up to 1.3730/50, 1.3790/1.3810, 1.3860/80. An alternative for sells will be below 1.3420 with targets 1.3360/80, 1.3300/20, 1.3240/60.

 

[bitrader]

EURUSD:

*Range 1.3520/40
For sells on condition of formation of topping signals the targets will be 1.3440/60, 1.3360/80, 1.3300/20 and/or further breakout variant up to 1.3240/60, 1.3160/80, 1.3080/1.3100.
An alternative for buyers will be above 1.3620 with targets 1.3660/80, 1.3720/40, 1.3780/1.3800.

 

[jeffsmith]

GBP/USD intraday: rebound expected.
Pivot: 1.484
Our preference: Long positions above 1.484 with targets @ 1.506 & 1.5115 in extension.
Alternative scenario: Below 1.484 look for further downside with 1.4725 & 1.47 as targets.
Comment: The 1.484 strong support (congestion area & 61.8% retracement) is expected to favour a recovery.

EUR/USD intraday: intraday support around 1.33.
Pivot: 1.3300.
Our Preference: LONG positions above 1.33 with targets @ 1.3585 & 1.3635.
Alternative scenario: The downside penetration of 1.33 will call for 1.32 & 1.3165.
Comment: the 30-min RSI is posting a bullish divergence calling for a recovery.
Trend: ST Consolidation; MT Bearish
USD/JPY

Today’s support: - 89.78, 89.48 and 89.04(main). Break could bring 88.66, where alteration is possible. Then 88.31. If a strong urge, we would see 88.05. Continuation would give 87.80 and 87.36.
Today’s resistance: - 90.67(main). Where an alteration may happen. Break would bring 90.86, where also a correction may be. Then 91.13. If a strong impulse, we would see 91.46. Continuation will give 91.77.


Jan 12 - Following are the central point exchange rates for leading currencies versus the euro:
CURRENT HIGH LOW US Dollar 1.3391 1.3475 1.3382
Japanese Yen 120.6 121.5 120.42
British Pound 0.8865 0.8934 0.8867
Swiss Franc 1.4968 1.4991 1.4942
Danish Crown 7.4534 7.4539 7.4533
Norwegian Crown 9.4041 9.425 9.3864
Swedish Crown 10.665 10.6705 10.667
Australian Dollar 1.9313 1.9332 1.9173
Canadian Dollar 1.594 1.6031 1.5939
Hong Kong Dollar 10.396 10.4505 10.3933
Russian Rouble 39.326 - -
Singapore Dollar 1.9901 1.9995 1.9911

 

[bitrader]

EURUSD:
*Range 1.3260/80 supports

For short-term buying positions on condition of formation of topping signals the targets will be 1.3320/40, 1.3380/1.3400 and/or further breakout variant up to 1.3460/80, 1.3520/40, 1.3580/1.3600.
An alternative for sells will be below 1.3200 with targets 1.3140/60, 1.3080/1.3100.

 

[jeffsmith]

January 14, 2009

USD/JPY

Support for the Day: - Correction might be possible at 89.10, 88.88 and 88.66(main). Break could bring 88.31 levels, where alteration might be possible. If a strapping, impulse then can see 87.80 or 88.05. Carry-over would give 87.36.

Resistance for the Day: - Main resistance is at 89.84, 90.24 and 90.67, where once again a correction is possible. A latter break could bring 90.86, where at this level alteration may take place. If a strapping impulse, then we can see levels 91.13 or 91.46. Carry-over will give 91.77.

EUR/USD

Support for the Day: - Correction is possible at 1.3204 and 1.3180(main). A Break could give 1.3163, where once again alteration might be possible. Level 1.3142 follows this break. Split of the latter could result in 1.3117. If a strapping impulse, we could see 1.3086. Carry-over could give 1.3057.

Resistance for the Day: - Main resistance is at 1.3278 and 1.3326. A break would give 1.3344, where once again alteration is possible. Then follows 1.3368 level. Break of the latter could result in 1.3390. If a strapping impulse, we could see levels 1.3411. Carry-over will give 1.3449.

DOW JONES INDEX

Support for the Day: -The main support for the day is at 8392.40 and 8358.74, where a holdup and alteration may happen. A latter break would give 8325.00, where alteration can be possible. After an alteration levels 8303.46 follows. Be there a strapping impulse, we could see 8276.57. Carry-over will bring 8240.63.

Resistance for the Day: - Main resistances are at levels 8538.62 and 8572.33, where a holdup and alteration may happen. Break could bring levels 8596.42, where a alteration might take place. After an alteration levels 8637.18 follows, where a holdup and alteration would also take place. Be there for a strapping impulse, we could see 8677.20. Carry-over would bring 8696.23.

 

[bitrader]

Day