GBP/USD ডেইলি আউটলুক ২১ অগাস্ট ২০১৩

GBP/USD মমেন্টাম আপ আছে তবে কিছুটা দুর্বল হয়ে পরেছে এই মুহূর্তে। পেয়ারটি Fibo Exp. H4 চার্ট থেকে দেখা যায় ১০০% projection রয়েছে 1.5722 প্রাইসে

তাই সেখান থেকে Strong Pull Back আশা করছি। তবে খুব কাছের সাপোর্ট রয়েছে 1.5422 price এ , এর ব্রেক bearish movement এর সিগন্যাল দিবে। তবে 1.5722 to 1.5751 level Resistance এর ক্লিয়ার ব্রেক পরবর্তী Resistance 1.6380 কে টেস্ট করাতে পারে। 

EUR/USD ডেইলি আউটলুক ৩ এপ্রিল ২০১৩

গতকাল(২ এপ্রিল) EUR/USD অনেকটা Neutral ছিল বললে ভুল হবে না, তবে Lower Low 1.2750 থেকে কিছুটা Consolidation দেখা গিয়েছিল। পরবর্তীতে 1.3048 এর মাইনর Resistance বহাল থাকা পর্যন্ত এই পেয়ারে Bearish মুভমেন্ট দেখা যেতে পারে। এখন অথবা পরে 1.3710 থেকে শুরু হওয়া Downtrend Continue করার সম্ভাবনা রয়েছে, 1.2750 এর ব্রেক হলে নেক্সট টার্গেট হতে পারে 1.2661 সাপোর্ট। 

GBP/USD ডেইলি আউটলুক ৩ এপ্রিল ২০১৩

1.5092 মাইনর সাপোর্টের Break Suggest করে 1.4830 থেকে শুরু হওয়া ডাউন ট্রেন্ড Consolidation বা Rebound শেষ। এখন টার্গেট হতে পারে Previous Low 1.4830 এর Retest. এবং Low এর ব্রেক 1.6380 থেকে শুরু হওয়া ডাউন ট্রেন্ডকে Resume করবে এবং পেয়ারটিকে 1,4229 প্রাইসে নিয়ে যেতে পারে।  অপর দিকে 1.5259 এর ব্রেক নতুন ট্রেন্ড এর সিগন্যাল দিতে পারে। তাছাড়াও ফিবো Retracement 38.2% আছে 1.5422 প্রাইসে ( 1.6380 থেকে 1.4830). তাই সবমিলিয়ে আশা করছি GBP/USD মুভমেন্ট বেয়ারিশ হতে পারে

Daily Analysis 2012-07-31

Wall Street opened the trading week on the red territory as NASDAQ shed 0.41%. Dow Jones and S&P 500 lost respectively 0.02% and 0.05% and this indicates for a slight correction to last week's rally. Investors will focus today on consumer confidence data as well on personal spending and personal income data.

EUR/JPY

The Euro is clearly overbought after the sharp rising last week. The currency made a bearish candlestick in the daily chart of EUR/USD and if it slides under yesterday's low, it will ibe an indication for a possible bearish reversal. The Yen, on the other hand, strengthened against the USD yesterday and slid under the important support at 78.25. Therefore, the pair EUR/JPY made a bearish reversal as well. The Euro got the resistance of the 20 EMA on Friday and as a result, a red candlestick appeared in the daily chart. The bullish correction helped the Euro to correct approximately 50% of the recent bearish session, which means that the pair reached proper levels for a bearish reversing. In order to resume strengthening against the Euro, the Japanese Yen will have to break down and close under yesterday's low. If it succeeds, it might strengthen to the level of 94.0 against the Euro.

AUD/JPY

The Australian dollar is currently in a middle of a strong bullish movement against the USD. After it got a strong support at 1.025, the currency rose nearly 250 pips against the USD. The Aussie is now facing the resistance at 1.05 and if it successfully breaks through, it might jump towards 1.07.

The AUD is getting stronger against most of the currencies, including the JPY. Despite the fact that the JPY is gaining power against the USD, the AUD managed to force a break up pattern on the pair's daily chart. The level of 82.35 is resisting the pair and a strong break up might trigger many automatic orders that can lift the pair towards 84.75.

AUD/NZD

We analyzed the pair a week ago and mentioned that it reached a strong resistance in the daily chart. As we expected, stochastic high levels prevented additional break up and the pair corrected down to the support of the 200 SMA. Stochastic levels still indicate for overbuying situation, which means that the bearish correction might continue. If the NZD break down the current support, the pair might fall to 1.285. However, a break up of the 3-days high at 1.30 might push the pair above the resistance at 1.3050.

Forex Daily Analysis 2012-03-16

Improving economic data supported the US stock markets that closed another green trading-day yesterday. Continuing jobless claims were 351K, lower than analysts' consensus of 354K claims. Philly manufacturing index, which indicates the activity of the manufacturing sector, was higher than expectations as well. Today are published the core CPI M/M & consumer sentiment.
AUD/USD
The Australian dollar reached the target we set for the break-down of the support at 1.06, which was the 200 SMA, around 1.04. As we estimated, the break-down of this level caused significant declines and the support appeared around the 200 SMA, which is an indicator that many investors use. The support occurred close to the 50% Fibonacci level, which means that a bullish reversal might start from this point. Stochastic oscillator levels are showing oversold situation, and this supports the possibility for a bullish reversal by the Aussie that might retest the break-down level at 1.06.

AUD/CAD
Most of the major currencies got stronger against the USD yesterday, but the CAD did not make a significant change against the American dollar. The pair USD/CAD is consolidating around 0.99 and it is not clear whether the bears or the bulls have the upper hand now.
The fact that the CAD is stamping versus the USD, helps the AUD to rise against it, after few weeks of heavy sales in the pair AUD/CAD. The pair blocked by the 200 SMA and if this support lasts, the AUD might correct up to 1.055-1.06 and even higher.

EUR/GBP
Both EUR & GBP are traded around strong supports against the USD. The EUR gets support at 1.30, might continue to 1.315-1.32, whereas the GBP has support at 1.565, and might rise to 1.58.
The pair has been moving through a narrow channel and we analyze it each time the pair touches one of the channel's boundaries. Two weeks ago, when the pair traded a little bit higher that 0.83, we brought up the trade idea of trying to take it up to 0.84 and the trade worked exactly as we planned. The pair is close to 0.83 again and if the current pattern remains, the pair will rise towards 0.84. However, a powerful movement of the GBP might cause a break-down of the support and take it down to 0.82.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

FOREX Daily Analysis 2012-03-08

As we estimated, the US stock market made the bullish correction to the declines from the beginning of the week, and those who expected to see a crashing of the stock got the exact opposite. Wall Street can easily slide to the bearish momentum again but the most important thing here to understand is that the general trend is still bullish, which means that those who missed the rally might buy stocks after the slightest correction.
EUR/USD
The next two days are full with important economic data as today is published the European interest rate, which expected to remain at 1.0% and the investors will look forward to the ECB press conference.
The risings in Wall Street helped the Euro that found a support at 1.31, and if the investors like what they hear from the ECB president, the currency might jump to the resistance at 1.325. However, a break-down of yesterday's low could take the pair under 1.30.

EUR/GBP
The pound failed in breaking through the 200 SMA on Tuesday and the sharp declines in Wall Street that day, pulled the pound down to 1.57. The British currency corrected yesterday and the MPC rate statement today will influence its direction today.
Both EUR & GBP are moving in the same trend versus the USD and therefore the pair EUR/GBP has been stamping in the last couple of months. The pair is approaching the resistance at 0.84, which it broke last month but fell under it few days after the break-up. According to this pattern, the pair supposed to rise to 0.84 and try to break it through again. However, if the pound gets extremely stronger and the pair breaks down the support at 0.83, it might slide towards 0.82.

USD/CAD
The pair reached the target we set at the psychological number 1.0 and the strengthening of the USD has stopped due to the bullish correction of the stocks. The interest rate is published today in Canada, 30 minutes after the ECB press conference begins and like the other interest rates that are published today the Canadian interest is expected to remain unchanged. If the USD continues strengthening against the CAD and overcomes the resistance at 1.0 then the price might reach 1.015. However, if the bearish reversal occurs, the price might fall back to 0.98 again.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Forex Daily Analysis 2012-03-05

Wall Street closed another green trading week as NASDAQ kept setting new highs, S&P 500 crossed above the important level of 1370 points, though eventually it closed under this resistance. The rising came on the background of improving economic data as GDP showed an annual growth of 3% and continuing jobless claims fell to new low.

This week was extremely volatile in the commodities market as oil prices touched the level of $110 after rumors regarding attack on one of Saudi Arabia important oil fields, but the largest oil producer denied the rumors and the oil closed around $106 on Friday. The precious metals were also on the center after Bernanke said that the price of $1800 for an ounce of gold reflects a bubble and caused heavy sales of the metal that shed $80 that day. The silver also influenced by the events and fell nearly 10% during Wednesday.

EUR/USD

Europe got some encouraging events during the last two-weeks and after the Greece crisis seemed to be calmed for a while, the ECB gave the European banks more than 500 billion Euros in order to ease the credit problem that the banks are having.  The European bid rate published on Thursday and it expected to remain on the current levels. However, as usual, the investors will wait for the ECB press conference to get indication about the economic situation. One of the most important data is published on Friday, which is the employment status in the US - Non Farm payroll change & unemployment rate.

On the technical aspect, in spite the fact the US stock market rose, the EUR loose power against the USD after few weeks of a bullish rally. Stochastic levels are indicating for an overbuying situation, which means that the EUR might correct down to 1.30. However, strong rally in the stocks might help the EUR to resume strengthening.

GBP/USD

The pound made an impressive bullish session after the USD failed in breaking-down the support at 1.565 two weeks ago. The pair made the triple-bottom on the support and reached the target we set for the bullish movement at 1.60. The expected resistance appeared around that levels and heavy selling took the pair down under 1.58. If the USD continues strengthening, the pair might fall to 1.565 again. However, the pair reached Fibonacci levels in which a bullish reversal might occur.

The bank of England will announce the interest rate on Thursday, 45 minutes before the ECB. The bank rate is expected to remain unchanged and the investors will concentrate on the MPC rate statement.  

USD/CAD

The Canadian dollar has been strengthening against the USD for several months and last week the pair broke down the important support at 0.99. However, as it usually happens after break-down or break-ups of extreme levels, the pair did not continue falling and it closed around the break-down level on Friday. A better than expected GDP data published in Canada that day but the general strengthening of the USD prevent the CAD from gaining more power. If the USD continues rising, the pair might reach the 200 SMA and the psychological number 1.0. However, if the bearish reversal occurs around the current level, the CAD might try to slide under 0.98.

The Bank of Canada will publish the interest rate on Thursday, half-hour after the ECB, and the interest rate is expected to remain at 1.0%.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Daily Forex Analysis 2012-03-02

The US stock markets are about to close another green week as NASDAQ led the indices with 0.75% up. The risings came on the background of mixed data as unemployment claims were lower than the forecasts but the ISM manufacturing PMI disappointed, as well as the personal spending & income.
GBP/USD
The continuation of the risings in Wall Street supports the major currencies versus the USD, including the pound that just last week traded around 1.56, and it is now approaching 1.60. The pound created the triple-bottom on that support and though it looked like it was about to break-down, the British currency managed to rise and overcame the resistance of the 200 SMA, which is now supporting it. A break-up of the resistance at 1.60 might take the price to the highest pick since October 2011 at 1.6165.

AUD/USD
The Aussie is trying to break-through the resistance at 1.08, in which it has failed to break few times in the recent months. In fact, many up-tails extend from the candlesticks from the recent period, which means that there are many sellers around this level and the next break-up might be another false one. However, the pair made a correction down to 1.06 last week and this might give the Aussie enough power to make a powerful break-up. If it succeeds, the pair might jump to the next height at 1.105.

Precious Metals
The precious metals had a great momentum since the beginning of the year. They rose sharply since the beginning of the year, after rough times in the second half of 2011. Bernanke's speech on Wednesday disrupt the investors plan as he mentioned that the Gold's prices were too high and caused sharp declines in both Gold $ Silver prices. The expected up-correction occurred yesterday and the main question in this point is whether the prices break Wednesday low and continue falling, or rise above yesterday's high and try to get back to their recent picks.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Daily Forex Analysis 2012-02-29

The intensity of the risings in Wall Street is reducing every day as the S&P 500 broke through the resistance at 1370 points but not as powerful as expected. However, the consumer confidence data helped the stocks to remain on the positive territory, as it reached a new high since last year.
 Today's main events are the prelim GDP q/q and Bernanke Testifies.
EUR/USD
The ECB is about to transfer 500 billion Euros to the European banks in order to ease the credit problems and help the Eurozone economy. This action spreads optimism among the EUR investors and the currency is consolidating under 1.35 versus the USD. The pair created the "Bull-Flag" pattern on the daily chart and a break-up of the resistance might lift the price up to the 200 SMA around 1.37. However, this pattern usually comes with high levels of stochastic oscillator, which means that the pair is overbought and could current from the current level. Therefore, the risk of a false-break is higher, unless the EUR corrects down before the break-up occurs. Obviously, there is a possibility that the resistance is going to be to strong and the USD might strengthen against the EUR. In this case, we might see the price slide down to 1.33 or below.

EUR/CAD
The CAD still traded in a narrow channel between 0.992 and 1.005 against the USD and the tails of the recent candlesticks indicate that there are strong sellers around the upper boundary of the channel. Because the CAD is not making any significant changes, the EUR, which is in a bullish momentum these days, is getting higher against the CAD. In fact, the pair has reached the target we set to the break-up at 1.325 last week (1.34) and it is now facing the resistance at 1.35. The pair corrected down to 1.335 but made a green candlestick yesterday, and a break-up of yesterday's high might signal for a bullish reversal and a second attempt for breaking through 1.35.

GBP/USD
The GBP reached the 200 SMA at 1.59 versus the USD and got the expected resistance there. If it manages to overcome this obstacle, the buyers might push the pound above 1.60. However, the trend of the pair is mainly depended on the momentum of the USD, which is influenced by the stock markets. Therefore, if the USD resumes strengthening against the major currencies, the pound might fall down to 1.57 again.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Forex Daily Analysis 2012-02-27

The US stock markets made the unbelievable and completed another green week. Indices rose 0.3% as the S&P 500 is touching the pick at 1370 points and although many analysts estimate that the correction will come soon, there is a good probability that we will see continuation of the rally. Many hedge funds are waiting for a correction of 5%-10% but the indices have traded around the current highs for several days without correcting and this is a sign for another break-up. If the S&P 500 breaks through 1370 points, the hedge funds managers will have no choice but to join the market and this might push the stocks even higher. The main elements that could threat this rally are obviously the European debt problem and the rally of the oil price which is about to cross above 110$.
EUR/USD
The continuation of the strengthening of the stocks weakened the USD against most of the major currencies. Before the previous weeks started, the EUR looked like it was about to correct down, but eventually it opened the week with a gap-up and completed the "cup & handle" pattern under the resistance at 1.33. The EUR successfully broke this pattern and reached the target we set at 1.35 within just two trading days. The next significant resistance is close to the 200 SMA at 1.37, but do not eliminate the option for a bearish correction that will retest 1.33.

GBP/USD
The pound looked extremely weak against the USD on the first days of the previous trading week, but a strong finish took it to the week's height. There was a strong support to the pair at 1.565, which we estimated that a strong break-down of this support would cause sharp declines. However, the support was strong enough and the triple-bottom pattern signaled for the incoming bullish session. The pair broke-through the resistance of the downtrend line and reached the 200 SMA, as a strong break-up of this moving average might take the GBP up to 1.60.

USD/CHF
The CHF broke-down the bearish pattern of the "Head & Shoulders" and might start a significant strengthening movement against the USD. The pair was traded around the support at 0.91 for several weeks and it looked like that each break-down was actually a false-break, but last week the break-down was real and the CHF is already under 0.90 versus the USD. The target for the current session is the 200 SMA at 0.87-0.88.
The main concern of the CHF buyers is an aggressive intervention by the SNB in case the CHF gets too stronger according to the central bank's point of view. This threat definitely real since the SNB has announced before that t would not hesitate to interfere if it needed.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

FOREX Daily Analysis 2012-02-23

The US stock markets closed a negative trading day in spite of the approval of additional 130 billion Euros for Greece, as part of the bailout plan. However, other geo-political threats are affecting the markets, as the commodities such as oil and metals keep rising.

GBP/USD

Since the pound failed in breaking the 200 SMA earlier this month, it keeps loosing points against the USD. The pair fell to the support at 1.565 and rose from this level but made a lower-highs pattern that indicates of a bearish momentum in the pair. The price reached this support yesterday and a strong break-down might take the GBP down to the level of 1.55. If the stock markets continue the bearish momentum, it will help the USD and weaken the other major currencies, including the GBP. However, the support might pull back the buyers and lift the GBP higher.

GBP/CHF

The CHF is not making any significant movement against the USD these days, and it traded around 0.91, as many short position players are waiting for a strong break-up there. However, the SNB might interfere in case the CHF gains power again and this should be a warning for those who are waiting for the strengthening of the Swiss Franc.

The pair GBP/CHF broke an important support on the daily chart, at 1.435 and many sellers that enter the market during this break-down caused sharp declines. The pair is approaching the 4-months low as the current support is at 1.427, and strong break-up there might slide to 1.415.

EUR/CAD

The EUR did not lose points against the USD yesterday, unlike the other major currencies that weakened against the American dollar. The "Cup & Handle" pattern, which we analyzed in the daily chart, is still valid, so stay alert for a break-up.

The USD has corrected against the CAD in the recent three trading days, and therefore the EUR/CAD is rising. The pair has moved between the support at 1.30 and the resistance at 1.325 for several weeks and it is now trying to break-through the resistance. If it succeeds, the pair might jump to 1.34. However, if the current pattern remain, the pair should turn over from this point and slide downwards to 1.30-1.31.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Daily Analysis 2012-02-22

The US stock markets opened the trading week on the red territory as the S&P 500 once again touched the 3-years high, around 1370 points. The stocks started the day strong but started losing altitude after couple of hours. The pattern of strong opening and weak closing has repeating itself for several days, and each time the investors believe that the weak closing would start the expected correction, but the day after starts with a gap-up, so the stocks might continue rising even today in spite of the bearish session yesterday.

EUR/USD

The EUR reached the target we set on the Weekly analysis and completed the "cup & handle" pattern under the resistance at 1.33. In spite the uncertainty in the Greece situation, the European currency keeps rising, though a negative momentum in the US stock markets might support the USD and weaken the Euro. If the pair breaks-through the resistance, the price might jump to 1.35. Nevertheless, the resistance at 1.33 might be too strong now and the pair might correct downwards to 1.31 if it slides under yesterday's low.

GOLD

The gold made the classic bullish reversal pattern and the trade-idea that we brought up on Friday works exactly according to the plan. The idea was to but the gold in case it would break through $1740 and take the profit at the pick of $1765. Many amateurs are waiting for the gold to break-through the "inverted head & shoulders" pattern at $1765, but those who implemented the trade-idea could take profit when the amateurs plan to enter the market. A successful break-up of this pattern might take the gold's price above $1800, though it is much more dangerous to buy the precious metal in such extreme levels.

An interesting point about the "head & shoulders" pattern is that some technical analysis experts claim that the potential of a break-up of the pattern is the distance between the "head" and the "neck.  In this case, it would be the distance between $1600 and $1765, which means that according to this approach the gold might jump above $1900, but this is obviously does not necessary correct.

Silver

The silver follows the gold in the strong momentum of the precious metal. On Friday's analysis, we mentioned that the level of $34 was an important resistance that the silver had to break in order to resume risings. Yesterday, the silver strongly broke this level and it is approaching the first target we set at the 200 SMA, just below $35. Additional break-up of the 200 SMA might take the silver to the 5-months high at $35.65.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Forex Daily Analysis 2012-02-14

The US stock markets opened the trading week with risings of 0.7% on the background of the agreements in Greece, which sent the European stock markets 1% up as well. However, those who expected a sharp reaction by the Euro got disappointed since the European currency weakened against the USD.
Today's important news: GBP- CPI; EUR-German ZEW Economic Sentiment; USD-Core Retail Sales m/m.
NZD/USD
The strong rally of the NZD against the USD, which started on December, has slowed down in the last two weeks. The pair broke through the resistance at 0.825 but could not continue rising and got another resistance at 0.84. The break-up level has become support and the NZD slid to this support on Friday and retested it. The buyers should up at this level and raised the kiwi above 0.83 yesterday and it might try to break-through 0.84 on its way to 0.86. However, a break-down of the support might cause a sharper correction downwards to 40%-50% Fibonacci levels, around 0.815.

EUR/NZD
The weakness of the EUR against the USD helped the NZD to resume strengthening against it. The general trend that appeared in the daily/chart is unquestionably bearish, and it was just a matter of time before the NZD would make the reversal, that came after the pair hit the resistance of the 20 EMA. Yesterday's low was set at the level of 1.578 and a break-down of this level might pull the price down to 1.56 and below. Another signal regarding the bearish reversal of the pair is the fact that stochastic levels are getting higher, which means that the up-correction is over or close to be over.

NZD/CHF
The pair made about 400 pips since it broke up the resistance at 0.73, which we analyzed on the beginning of the year. The pair is currently dealing with the resistance at 0.77 and a strong break-up there might lift the NZD to the level of 0.80 versus the CHF. However, the NZD is in overbought situation against most of the major currencies, including the CHF, and therefore the pair might correct down to the area of 0.74-0.75.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Daily Analysis - Forex Currency Trading News 2012-02-03

The US stock market made another positive day yesterday as the investors were encouraged by the continuing claim data that showed a decline of 12K, whereas analysts expected a decline of 6K comparing to the previous week. However, today is main event as the Non-Farm payrolls change data & the unemployment rate will published one hour before the opening bell in Wall Street. This data is of the most important indicators of the US economy.
EUR/USD
The Euro is facing the resistance at 1.32 against the USD, and the fact that it is overbought reflects in that it did not rise yesterday, in spite the risings of the stock markets. This indicates that the EUR is close to the point in which it will make an aggressive correction, but the NFP data might push it up in spite all of that. A break-up of the support at 1.325 might lift the Euro up to 1.345-1.35, whereas a break-down of the support of the 20 EMA at 1.30 might cause the declines that the market expects.

EUR/JPY
The Yen keeps strengthening against the USD and it reached the strong support at 76.0. A break-down there might take the price down to the historical low at 75.5, but the Yen showed yesterday signals that the current session might over and the USD could correct.
The strengthening of the Yen is well shown against the EUR as well, but the EUR has corrected against the Yen since the middle of January. There is a possible bullish reversal on the daily chart, though the movement of the EUR depends on the NFP data today. Therefore, a break-up of 100.5-101 will be a strong signal for the EUR and it might jump to 102 and a break-down of the 3-days low at 99.0 might pull the price down to 97.0 again.

EUR/CAD
The CAD has been strengthening against the EUR for several months, but the European currency started corrected against the CAD on the previous months, just as it did against the other major currencies. A bullish reversal appears on here as well, as the pair is supported by the 38% Fibonacci level, at 1.31. A break-up of yesterday's high might take it up to the recent pick at 1.325, but a break-down of the support might push the price downwards to 1.30.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

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Daily Analysis - Forex Currency Trading News 2012-02-02

The US stock market soared yesterday in spite of mix economic data. The ADP Non-Farm Employment Change data showed that the US economy created 170K new jobs in the previous month, comparing to 292K in the month before. Analysts expectations were a growth of 189K new jobs and this disappointing number might indicate for the official release on Friday. The ISM manufacturing PMI was also under the predictions, which is a negative signal for the activity of the manufacturing sector. Today's main news is the unemployment change data and Bernanke's testifies.
USD/CAD
The Canadian dollar joined the global trend of strengthening against the USD in the recent weeks. The pair broke a strong support of the triangle pattern in the daily chart at 1.01 and reached the strong support of the 20 SMA, which is the area of the psychological number 1.0. Traders like round numbers because they are easy to calculate and therefore many automatic orders are put around this level.  The current support should be strong enough for an up-correction, but as long as the stocks keep rising, the USD will probably lose points against the major currencies, including the CAD. A strong break-down of the 200 SMA might take the pair down to the next support at 0.975.

USD/JPY
The Yen broke the important support of 76.5 against the USD and it is moving downwards to the historical low at 75.5. However, those who are counting on another strengthening session of the Yen has to be aware to the possibility that the BOJ might interfere around such a low levels, as it did three months ago. The sophisticated players are aware of this scenario, which might makes them to cover their short positions and support the USD.

CAD/JPY
The fact that both CAD & JPY made bullish session against the USD is making it hard to determine the pair's trend. In fact, the pair has been moving in a channel between 74.75 and 76.5 for several months and last week it made a strong break-up of the upper boundary but got back to the channel when the Yen resumed strengthening.  However, there is a bullish reversal on the daily chart, and the CAD is trying to break-through the resistance at 76.5 again. If it succeeds, the buyers might lift the price to the next resistance at 78.0, but a break-down of yesterday's low might take it down to the lower boundary of the channel at 74.5.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

FOREX Daily Analysis - Currency Trading News 2012-02-01

Wall Street is starting to show more and more signals that a correction is about to come. Yesterday, the major indices open the trading day almost 1% up, but started falling after the release of the disappointing consumer confidence data. In total, January was the best month in the US stock markets since 1997, as they rose 10% during the month.
EUR/USD
The declines in the stock markets supported the USD against the major currencies, and the euro slid against the American dollar yesterday. The Greek problem has not been solved yet and this affects the EUR, which started correcting down since it reached the pick at 1.323 on Friday. The USD's correction will be determined by the employment data flow, which starts today with the ADP Non-Farm Employment Change and end with the official NFP on Friday.
On the technical aspect, the EUR is obviously overbought and the correction down might erase 30%-50% of the recent rally and therefore the Euro might retest 1.30 or even lower.

EUR/GBP
The GBP completed an amazing bullish session against the USD, which started on the middle of the month. This movement started as a "short-squeeze" that turned into a strong rally, in which the pound gained almost 500 pips against the USD. Now it is facing a resistance at 1.57 and might correct down from the current levels.
Both Euro and GBP rose sharply against the USD since the beginning of the month, though the EUR was relatively stronger and therefore the pair EUR/GBP rose as well. However, the general trend of this pair is bearish, so the GBP was likely to get stronger again against the EUR, as it did in the recent couple of days. The GBP broke the support of the channel and if it succeeds in completing the break-down, the price might fall to 0.82.

NZD/CHF
The NZD dollar does not stop strengthening against most of the currencies. Yesterday it looked like that the USD was about to correct against the NZD but the Kiwi made another wide bullish candlestick. On the other hand, the USD found a support against the CHF, and that give the NZD the ability to rise even more against the CHF. The current resistance is at 0.76 and a break-up there will be another step to the heights at 0.78.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Forex Daily Analysis - Currency Trading News 2012-01-30

The US stock markets closed the week on the mixed territory after a powerful opening of 2012 in which the main indices rose more than 8%. The main reason for this amazing rally is the fact that more than 65% of the largest 500 companies reported better than expected reports regarding the 4^th quarter of 2011. NASDAQ has already broken the height of 2011 and the Dow Jones and the S&P 500 are approaching those picks.
The result season is not over yet and therefore the stocks might keep rising, but it is clear in this point, that a correction will occur soon, and if the indices slide under last week's low, it will be a significant signal for a possible correction.
On the fundamental aspect, the US economy grew 2.8% annual pace in the fourth quarter, which was less than expectations, but showed that the largest economy is on the right track for recovery. In Europe, Greece is still on the center and the agreements with the private sector regarding the haircut are getting close, but Germany put up an obstacle to Greece as it insists to have the ability to interfere in the Greek budget, in case the EU leaders will have to.
EUR/USD
The risings of the stocks brought back the positive correlation between the EUR and the stock markets, after few weeks that the EUR shed points in spite the bullish rally in Wall Street. The pair made an aggressive "short-squeeze" after it broke through the downtrend channel. The EUR overcame the resistance at 1.31 last week and the next target is the former break-down area at 1.335, though the EUR is overbought and might correct down any day.
The Forex market will wait for the NFP & unemployment rate on Friday, which will a significant influence on the USD.

USD/CHF
The CHF, which has been weakening against the USD since August 2011, is trying to show signs that the bullish trend has stopped. The pair made double/triple-top around 0.955-0.96 and started falling when the USD started losing power against the major currencies.  It is interesting to see how this pair acts accurately according to the supports & resistances in the daily chart. The first strong support was at 0.93, which was a break-out area few months ago. The pair broke this important support and many sellers entered the market and pulled the price down to the next strong support at 0.91.
At this point, like other currencies, which made a strengthening movement against the USD, the CHF is overbought and therefore the USD might correct up from the current support. Likewise, the investors should always have in mind the possibility that the SNB will interfere the trading, but if the SNB does not interfere, the pair might continue sliding to the 200 SMA at 0.88.

USD/JPY
The USD made an impressive break-out at 77.30 last Tuesday, which was surprising because it was against the general weakness of the USD against the major currencies. However, the investors chose to take advantage of the situation and heavy sellers took the price back to the support of 76.5. A break-down of this support might slide to the low at 75.5, but the danger of an intervention exists here as well.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Daily Analysis - Forex Currency Trading News 2012-01-25

The low volatility in the US stock markets continued yesterday and will probably remain narrow until the FOMC rate statement on the second part of today's trading session. The interest level is expected to be unchanged, but the investors will hope to find out about new plans for creating new jobs.

The interest rate in New Zealand is published today as well.

EUR/USD

Greece is close to get the final agreement on the haircut of the private sector's debts, and with the positive atmosphere in the stock markets in both US & Europe, the Euro is continuing its recovering that started last week, when the pair broke-out the downtrend channel. The "short-squeeze" is strong as we estimated and the Euro easily crossed the first target at 1.30 on its way to 1.31. A break-up of this resistance, which might occur during the interest announcement, can lift the price up to 1.33-1.335 in the next few days. On the other hand, indicators show that the pair is overbought and therefore a bearish reversal might occur around 1.305-1.31.

USD/JPY

The USD made a strong break-out against the Japanese Yen yesterday and almost reached the target we set for this potential break-up, at 78.0. We analyzed the pair several time during the recent weeks and we mentioned the level of 77.0 as an important level that if the USD breaks it, many automatic orders will be triggered. This estimation turned to be a fact and the pair acted according to the analysis. However, it is important to understand that in all of the recent analysis we mentioned the level of 76.5 as a possible break-down level. This is important to clarify because the technical trader should not analyze one direction only, but he must be prepared for both scenarios.

CAD/JPY

The CAD broke the triangle pattern it had on the daily chart with the USD, but the correction of the USD yesterday pulled the price back to the triangle's zone, so the break-down cannot be declared as successful yet. However, the weakening of the Yen against the USD reflects in most of the other major currencies, including the CAD. The pair is now facing the resistance at 77.0, in which it failed to break several time in the past five months. Therefore, there is a good probability that it will fail again, but if it does manage to break-out, the pair might reach the 200 SMA at 79.0.

Risk Disclosure

Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.

 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Daily Market Overview: USD/JPY 2012-01-24

Daily maximum: 77.85

Daily minimum: 76.96

After touching the daily forecast mean at 76.99, USD/JPY moved upwards after the Richmond Manufacturing Index rose more than expected.

Daily Resistance: 77.11; 77.20; 77.33.
Daily Support: 76.89; 76.76; 76.67.
Daily Bias: Neutral.