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Daily Forex Market by FXCC 16Feb2012
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TOPIC: Daily Forex Market by FXCC 16Feb2012

Daily Forex Market by FXCC 16Feb2012 1 year, 2 months ago #20

  • alayoua
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Daily Forex Market by FXCC 16Feb2012

Aussie enjoys 50 pip spike versus greenback on excellent employment data.
The seventeen nation shared currency lost 0.1 percent to $1.3059 as of 8:00 a.m. in Tokyo from yesterday in New York, when it slid to $1.3044, the lowest level witnessed since Feb. 6. The euro dropped 0.1 percent to 102.39 yen. The dollar fell 0.1 percent to 78.39 yen. The Aussie declined 0.1 percent to $1.0689 and retreated 0.1 percent to 83.79 yen. GBP/JPY traded in range between 122.59 and 123.50 on Wednesday, ending trade in NY at 123.06, just a few pips above its starting price.
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UPCOMING EVENTS
2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)
2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus
2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus
2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)

FOREX NEWS
2012-02-16 03:55 GMT | AUD/JPY slumps after early gains
2012-02-16 01:13 GMT | EUR/USD edging lower on Greek anxiety
2012-02-16 00:34 GMT | Australia Jan Employment Change s.a. -46.3K
2012-02-16 00:31 GMT | Australia Jan Unemployment Rate s.a. 5.1%

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EURUSD : 1.30121 / 1.30127
DAILY WEEKLY MONTHLY
High: 1.30656 | Low: 1.2994 | Chg: -0.0054 -0.41%



1.3285 | 1.3217 | 1.3153 | 1.3080
1.3006 | 1.2956 | 1.2904 | 1.2867

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3006 (Fibo-38.2% level) a level that has been retested 3 times in the past. If the price manages to hold above 1.3006 (S1) we can expect retest of 1.3080 (R1) and further rise will then focus at 1.3153 (R2). Look for long positions in today’s trading session with a stop loss below 1.2956 (S2).

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GBPUSD : 1.56744 / 1.56751
DAILY WEEKLY MONTHLY
High: 1.56973 | Low: 1.56596 | Chg: -0.0018 -0.12%



1.5877 | 1.5828 | 1.5771 | 1.5723
1.5643 | 1.5594 | 1.5567 | 1.5543

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell sharply yesterday and made a bottom at 1.5643 (S1). If it breaks below that level we can expect the price to retest 1.5594 (S2), a significant strong support level. Be on the alert for a correction upwards towards 1.5723 (R1) and then a continuation to a downward move. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue.

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USDJPY : 78.470 / 78.473
DAILY WEEKLY MONTHLY
High: 78.52 | Low: 78.36 | Chg: 0.046 0.06%



80.00 | 79.67 | 79.09 | 78.66
77.80 | 77.34 | 76.78 | 76.43

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY after price formed top at 78.66 (R1), price continued in sideways move between 78.16 support and resistance at 78.66. Right now it seems USD is gaining momentum and we can expect probably the price will be targeting at second resistance at 79.09 (R2). Further rise above this level will then focus on 79.67 (R3) resistance and if USD holds its momentum, rise might be limited at 80.00 (R4) resistance.

Source: FX Central Clearing Ltd, (www.fxcc.com)
URL: support.fxcc.com/email/technical/16022012
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