| 1.4659. There is bearish potential for a fall to 1.4618 or 1.4576 while 1.4701 – 1.4722 resist. After this fall a recovery up to 1.4701 or 1.4722 is expected. | |
| 1.1166. It should be subject to more sell off towards 1.1123 or 1.1081. Corrective upward swings should face resistance around 1.1221 area. A break of 1.12025 is bullish. | |
| 110.03. Uptrend is still intact in a triangle configuration. It should continue to rally to 110.2 or 110.98 if support around 109.65 hold. After which a pullback to 109.65 – 109.41 zone is possible. | |
| 1.9585. Market should meet resistance at 1.9634. We expect then an extended move down to 1.9559 -1.9438 area. | |
| 1.6368. It may attempt a test higher to 1.6386 after which weakness may set it to a drift down to below 1.6331 limit. | |
| 161.31. Uptrend is still intact in a triangle configuration. It should continue to rally to 161.72 or 162.62 if support around 160.99 hold. After which a pullback to 160.99 – 160.66 zone is possible. | |
| 0.7484. Current upmove should continue up to 0.7509 or 0.7534. Any correction should find support in 0.7478 – 0.7466 zone. | |
| 0.8830. One move lower to 0.879 or 0.8751 is anticipated while below 0.8845 – 0.8864 area. Stop loss above 0.8899 zone. | |
| 1.0101. A corrective/consolidation activity between 1.0039 and 1.0186 is likely for a while. |
Category: Technical Analysis Reports
technical analysis reports
Daily Market Comment – 09 January 2008
Daily Market Comment
| 1.4707. N/A | |
| 1.1125. There are initial signs of a good corrective recovery towards 1.1158 or even 1.1171. Supports at 1.1122 and 1.1099 zone. | |
| 108.90. Preferred view is for a fall to below 108.56 while 108.9 – 109.2 area resists. A clear break of 109.53 would be bullish. | |
| 1.9731. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.9828 or under 1.9665 limits. | |
| 1.6362. There are initial signs of a good corrective recovery towards 1.6407 or even 1.6423. Supports at 1.6359 and 1.6328 zone. | |
| 160.14. There are initial signs of a good corrective recovery towards 160.83 or even 161.06. Supports at 160.13 and 159.66 zone. | |
| 0.7454. Market should hold major support at 0.7410 before rising towards 0.7473 or even 0.7492 limit. | |
| 0.8786. Strength can extend to 0.8813 or even higher than 0.8849 as declines are expected to find support at 0.8745 or 0.8714. A fall below 0.8641 could turn it bearish. | |
| 1.0064. It should be subject to more sell off towards 0.9994 or 0.9925. Corrective upward swings should face resistance around 1.0149 area. A break of 1.0126 is bullish. |
Forex Calendar – 09 January 2008
Forex Calendar
(GMT -5) Eastern Time (US & Canada)
Wed Jan 9 | 2:00am | EUR |  | German Trade Balance | 17.5B | 18.7B | ||
| 2:00am | EUR | | German Retail Sales m/m | 1.0% | -2.3% | |||
| 2:45am | EUR | | French Trade Balance | -3.6B | -3.6B | |||
| 5:00am | EUR | | GDP q/q (r) | 0.7% | 0.7% | |||
| 5:30am | GBP | | BRC Shop Price Index y/y | 1.1% | ||||
| 6:00am | EUR | | German Industrial Production m/m | 0.3% | -0.3% | |||
| 7:30am | CAD |  | Chief Economists Speak | |||||
| 8:15am | CAD | | Housing Starts | 220K | 228K | |||
| 9:30am | USD | | St. Louis Fed President Poole Speaks | |||||
| 10:30am | GBP | | Leading Index m/m | 0.2% | ||||
| 10:30am | USD | | Crude Oil Inventories | -4.0M | ||||
| 7:30pm | AUD |  | Trade Balance | -2.5B | -3.0B |
From: ForexFactory
| High Impact |
| Medium Impact |
| Low Impact |
Daily Market Comment – 08 January 2008
Daily Market Comment
| 1.4695. Current fall is near an end of wave around 1.4641 – 1.4673 zone, a rally should then procede to above 1.4725 or 1.4747. Fall below 1.4606 would cancel this scenario. | |
| 1.1164. Current rise seems to be over near 1.1178 or 1.1213 for a retracement towards 1.1142 – 1.1118 area. | |
| 109.18. A correction down to 108.56 folowed buy a mouve up to 109.46 or 109.77. A break above 110.35 would accelerate this bullish move. | |
| 1.9699. It should register further gains to 1.9752 while 1.965 caps downside attempts. Stop loss below 1.9601 zone. | |
| 1.6405. A corrective/consolidation activity between 1.6347 and 1.6482 is likely for a while. | |
| 160.44. N/A | |
| 0.7460. It is likely to attempt to below 0.7421 while below 0.7460 – 0.7461 area. Rise above 0.7480 would dampen this bearish expectation. | |
| 0.8728. It should test 0.8751 area after which a sell off down to 0.8691 or extended to 0.8653 area is expected. | |
| 1.0047. While below 1.0095 it is more likely to fall further towards 1.0009 or 0.9985. Premature rise above 1.0095 could see it rising above 1.0142 zone. |
Daily Market Comment – 07 January 2008
| 1.4753. It looks more likely that it would rise to 1.482 from 1.4724 or 1.4691. After which a downside move is expected. | |
| 1.1065. Current fall is near an end of wave around 1.1002 – 1.1012 zone, a rally should then procede to above 1.1114 or 1.1145. Fall below 1.0940 would cancel this scenario. | |
| 108.45. Current fall is near an end of wave around 107.66 – 107.85 zone, a rally should then procede to above 109.02 or 109.39. Fall below 106.97 would cancel this scenario. | |
| 1.9717. While below 1.9696 – 1.9747 it might drop to 1.9644 or below 1.9571 zone. | |
| 1.6327. Support at 1.6327 or 1.6270 should hold the downside for a correction to above 1.6384 zone. | |
| 160.01. It might hold above 159.89 or around 159.78 for a rise towards above 161.11. Stop loss below 159.35 zone. | |
| 0.7482. Market looks set for gains towards 0.7508 or above in extension. Dips should find support at 0.7466 – 0.7454 zone. | |
| 0.8703. Market should meet resistance at 0.8746. We expect then an extended move down to 0.8679 -0.8573 area. | |
| 1.0014. It should trade higher to 1.0085 while 0.9964 or 0.9928 offers support. Stop loss below 0.9892 zone. |
Daily Market Comment – 03 January 2008
| 1.4751. One move lower to 1.4698 or 1.4646 is anticipated while below 1.4766 – 1.4792 area. Stop loss above 1.4834 zone. | |
| 1.1109. It may meet resistance in 1.1109 – 1.1139 zone for a drift down to 1.1019 zone, after which bounce to 1.1156 is anticipated. | |
| 109.32. It should test higher than 109.97. Entry point are at 108.78 and 108.45. A break of 107.59 is bearish. | |
| 1.9710. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.9666 or 1.9664. Major support is clustered around 1.9586 limit. | |
| 1.6385. It should register further gains to 1.6450 while 1.6351 caps downside attempts. Stop loss below 1.6316 zone. | |
| 161.26. Market should hold major support at 158.99 before rising towards 162.04 or even 162.83 limit. | |
| 0.7483. Currently uptrend should end around 0.7544 – 0.7506 area. A correction down to below 0.7438 is expected. A rise above 0.7529 will abort the expected correction. | |
| 0.8802. There are initial signs of a good corrective recovery towards 0.8825 or even 0.8838. Supports at 0.8795 and 0.8777 zone. | |
| 0.9896. There is bearish potential for a fall to 0.9857 or 0.9819 while 0.9931 – 0.995 resist. After this fall a recovery up to 0.9931 or 0.9950 is expected. |
Daily Market Comment – 28 Desember 2007
| 1.4626. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4721 or 1.4748 if support around 1.4578 hold. After which a pullback to 1.4578 – 1.4548 zone is possible. | |
| 1.1391. Market should not go lower than 1.1300. After this move down it should go up to 1.1383 – 1.1430 area. | |
| 113.73. There is bearish potential for a fall to 113.31 or 112.90 while 114.20 – 114.40 resist. After this fall a recovery up to 114.20 or 114.40 is expected. | |
| 1.9960. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0027 or 2.0058 if support around 1.9917 hold. After which a pullback to 1.9917 – 1.9893 zone is possible. | |
| 1.6661. It is likely to fall towards 1.6619 unless a corrective rally breaks the 1.6674 resistance. Stop above 1.6684 zone. | |
| 166.37. One move lower to 165.61 or 164.86 is anticipated while below 166.52 – 166.89 area. Stop loss above 167.42 zone. | |
| 0.7327. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7342 or 0.7378 if support around 0.7316 hold. After which a pullback to 0.7316 – 0.7303 zone is possible. | |
| 0.8779. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8796 or 0.8842 if support around 0.8761 hold. After which a pullback to 0.8761 – 0.8745 zone is possible. | |
| 0.9800. Downtrend is still intact.It should continue to fall to 0.9793 or 0.9772 if resistance at 0.9813 area doesnt break . Direct rise above 0.9813 could turn the picture bullish for a corrective up move to 0.9827 or even 0.9841 limit . |
Daily Market Comment – 27 Desember 2007
Daily Market Comment
| 1.4489. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4527 or 1.4576 if support around 1.4462 hold. After which a pullback to 1.4462 – 1.4440 zone is possible. | |
| 1.1515. Market should meet resistance at 1.1532. We expect then an extended move down to 1.1488 -1.1463 area. | |
| 114.34. It looks set for gains to above 114.51. Supports at 114.13 and 114.22. A break of 114.04 will damage this bullish structure. | |
| 1.9838. Current rise seems to be over near 1.9844 or 1.9869 for a retracement towards 1.9818 – 1.9803 area. | |
| 1.6682. It should trade lower to 1.6629. Resistances are at 1.6671 and 1.6685. A break of 1.6698 is bullish.confirmed by a close above 1.6714 limit. | |
| 165.66. Uptrend is still intact in a triangle configuration. It should continue to rally to 165.75 or 166.8 if support around 165.15 hold. After which a pullback to 165.15 – 164.87 zone is possible. | |
| 0.7304. Currently uptrend should end around 0.7317 – 0.7321 area. A correction down to below 0.7279 is expected. A rise above 0.7339 will abort the expected correction. | |
| 0.8740. It should trade lower to 0.8681. Resistances are at 0.8728 and 0.8743. A break of 0.8757 is bullish.confirmed by a close above 0.8777 limit. | |
| 0.9816. It should register gains to 0.9842. Corrective decline should be supported in 0.9810 – 0.9790 area. Stop Loss below 0.9765 zone. |