The euro weakened versus 13 of its 16 major counterparts
USD/JPY opened the Asian trading session on Monday morning with an upside-gap price of 76.59, up from 76.54 Friday down from the recent (4-day high) of 76.13 printed last week. The euro fell 0.2 percent to $1.3129 as of 8:15 a.m. in Tokyo from the close in New York on Feb. 3. It lost 0.3 percent to 100.50 yen. GBP/USD has traded a limited 1.5785/1.5823 range at the start of trading this Monday, last at 1.5800.
AUD/USD has been slowly declining since Tokyo opened at 00:00 GMT. Data for both retail sales and jobs ads were disappointing in Aus., retail sales fell -0.1% expected to come in positive +0.2%, newspaper job ads fell -2.6% internet job ads rose +6.4. USD/CAD. After falling around 100 pips from its intra-day high at 1.0040, the Dollar has found support versus the Canadian at the lowest level seen since October 31 at 0.9930.
Read More
FOREX NEWS
2012-02-06 05:43 GMT | GBP/USD pressured in risk-off Asia
2012-02-06 03:38 GMT | AUD/USD trades down to 1.0700
2012-02-06 00:32 GMT | Australia ANZ Job Advertisements 6% in Jan
2012-02-06 00:31 GMT | Australia Dec Retail Sales s.a. (MoM) -0.1%
SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : overbought
MARKET ANALYSIS - Intraday Analysis
The EURUSD continued to rise from 1.3026 (S1) and reached a high yesterday at 1.3205 (R2). It seems the pair is moving downwards and it will retest the first support 1.3026 (S1) soon. A break below that level would suggest a target of 1.2986 (S2) and a further decline will then focus on the next target at 1.2947 (S3). On the upside, if the price rebounds from the first support level 1.3026 (S1) we can expect retesting of 1.3167 (R1). A further rise will then bring focus to the next resistance level at 1.3205 (R2).
SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5749 (S1). The pair reached a high at 1.5882 (R3) and then fell back towards 1.5749 (S1). Further fall will test 1.5704 (S2) and decline below this level, suggesting target at 1.5653 (S3). On the other hand, if price manages to stay above 1.5749 (S1) then we expect the price to retest 1.5831 (R1) and then further rise to 1.5860 (R2). We look for short positions in today’s session with a stop loss above 1.5831 (R1).
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought
MARKET ANALYSIS - Intraday Analysis
USDJPY rise sharply on Friday (70 pips) and made a top at 76.74. If it breaks above first resistance level 76.89 (R1) we can expect the price to approaches towards 77.29 (R1). Be on the alert for a correction downwards towards 76.49 and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue.
Source: FX Central Clearing Ltd, (You are not allowed to view links. Register or Login to view.)
URL: You are not allowed to view links. Register or Login to view.
Disclaimer : Users are liable for their own postings. We shall not be responsible or liable for any mistakes or
remarks or for any discussion forum threads &
forum postings. We do not condone & totally
reject slanderous, defamatory, obscene, violent, abusive, threatening and
harassing comments on this website. We appreciate all users to
practice basic courtesy & respect other view points. Do not impersonate or
create false identities of public figures or other
forum users or put up impersonation false
postings. Be advised that as this is an open free forum website, there may be some comments or
opinions to influence others to take some actions for which we disclaim all
liabilities & responsibilities and users are advised to use independent
judgement or professional opinions before taking any actions based on any
forum postings here If you like to contribute towards running of this free site,
click here to make a small donation. Many Thanks !
Browser Setting : Medium Security, Javascript Enabled, Enable Popup & Set Our
Website As Trusted Sites. Add
Favorite
Use of this site signifies your agreement to all our
terms of use & private policy.
Any copying,
reproduction & lifting of materials in parts or whole from
our websites without licence, permit or authority from us amounts to an infringement of copyright
laws.
We reserve the
right to seek full recourse, compensation & payments in respect of such an
infringement & also for the time & efforts spent to track & pursue such an
infringement.
Welcome, Guest
You have to register before you can post on our site.
Search
Member List
Calendar
Help
Rules![[-]](images/collapse.gif "[-]")
/
Daily Forex Market by FXCC 06Feb2012
![[Image: EURUSD.gif]](https://support.fxcc.com/email/technical/06022012/EURUSD.gif)
![[Image: GBPUSD.gif]](https://support.fxcc.com/email/technical/06022012/GBPUSD.gif)
![[Image: USDJPY.gif]](https://support.fxcc.com/email/technical/06022012/USDJPY.gif)
