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2012-03-27 07:00 GMT
EUR/USD breaking below 1.3360 in late Asia
EUR/USD is currently at 1.3350 retreating from a double intraday high at 1.3366, right below 0.23 retrace of latest leg down 1.3485/1.3003, and Feb 27 lows. Just 10 pips now below its opening price in Asia-Pacific, the pair has been in a quiet range all session long, with highs around same price NY close.After a timid break out above 83.00, USDJPY handle reaching 2-day highs at 80.03 highest since past Thursday, minutes before Tokyo opening, the pair is back to previous opening prices, last at 82.84. The pair still trades above weekly opening prices by some +0.52%.
EUR/JPY is back trading near its starting price after threatening the 111.00 mark this Tuesday.
Coming off a sharp overnight rally into the 110.60 price zone, the pair managed to reach a 4-day high of 110.91 earlier in the Asia-Pacific, but has since retreated and is now quoted just above session lows at 110.55, 5 pips below its starting price. Beyond the 111.00 psychological figure, resistance is noted at 111.41 (21 March high), while EUR/JPY may encounter support at 109.91 (27 Feb high).
Read More
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2012-03-27 07:30 GMT
Sweden
Producer Price Index (MoM) (Feb)
2012-03-27 07:30 GMT
Sweden
Trade Balance (MoM) (Feb)
2012-03-27 13:00 GMT
United StatesS&P/Case-Shiller Home Price Indices (YoY)
2012-03-27 14:00 GMT
United States
Consumer Confidence (Mar)
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2012-03-27 04:34 GMT
EUR/USD breaking below 1.3350 in late Asia
2012-03-27 02:26 GMT
EUR/JPY struggling to take out 111.00
2012-03-27 00:41 GMT
AUD/JPY struggling below 87.50
2012-03-27 00:20 GMT
GBP/USD limited below 1.5970
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SUMMARY
Up
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TREND
Up
trend
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MA10
Bullish
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MA20
Bullish
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STOCHASTIC
Overbought
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MARKET ANALYSIS - Intraday Analysis
EURUSD moved upwards in yesterday’s trading session and successfully penetrated our second resistance forming a new top at 1.3368 (R1) profiting a total of 41 pips!! The pair is under bullish pressure since the price made a low at 1.3000 levels, it formed a higher bottoms and higher tops, breaking with success above 1.3180 with a result of a trend reversal (intraday) - uptrend. A break above the 1.3375 level would suggest a target at 1.3413 (R2) and a further rise will then focus on 1.3487 (R3) a significant strong technical level. Look for long positions above 1.3368 targeting resistance levels (R1 and R2). A stop loss should be placed above 1.3284 (S1).
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SUMMARY
Up
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TREND
Up
trend
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MA10
Bullish
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MA20
Bullish
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STOCHASTIC
Overbought
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MARKET ANALYSIS - Intraday Analysis
GBPUSD rise from 1.5875 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just above of our recommended target ending our day with profits (+55 pips)!! The pair is in a crucial moment as a break above 1.5980 February high, it will determine our trading bias targeting 1.6046 (R2). Look for long positions above first resistance targeting 1.6046 (R2). A stop loss should be placed above 1.5907 (S1).
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SUMMARY
Neutral
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TREND
Sideway
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MA10
Neutral
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MA20
Neutral
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
USDJPY didn’t made any significant moves yesterday as it traded in a trading range between the 83.00 (R1) and 82.32 (S1) support level. We remain flat on USDJPY until we see in which direction it will move to develop a clear uptrend or a downtrend with more reliable support and resistance levels. No position.
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MARKET INFORMATION AND OPINIONS: Any information provided by FXCC
on this newsletter, including but not limited to news, research, opinions, analyses
and prices, is provided as commentary on the Forex market generally -- in other
words, it is not, and should not be considered as, investment advice. Consequently,
FXCC shall not be liable for any loss or damage, including but not limited to loss
of profits, which arises directly or indirectly from reliance upon or use of information
contained on this newsletter.
RISK WARNING: Trading in Forex and Contracts for Difference (CFDs) is highly speculative
and involves substantial risk of loss. It is possible to lose all your capital.
Forex and CFDs may not be suitable for all investors. Only invest with money you
can afford to lose. Please ensure you fully understand the risks involved before
investing. Seek independent advice if necessary.
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