Forex Daily Market Comment

Discussion in 'Forex' started by nico3725, Oct 31, 2005.

  1. Tuesday November 8, 2005




    EUR-USD

    1.1803. It may meet resistance in 1.1803 - 1.1804 zone for a drift down to 1.1801 zone, after which bounce to 1.1818 is anticipated.

    USD-CHF

    1.3058. While above 1.3026 a corrective rise could test 1.3084. Ideally it should not fall below 1.2993 zone.

    USD-JPY

    117.67. It looks more likely that it would rise to 118.21 from 117.57 or 117.29. After which a downside move is expected.

    GBP-USD

    1.7441. It may meet resistance in 1.7441 - 1.7450 zone for a drift down to 1.7414 zone, after which bounce to 1.7480 is anticipated.

    EUR-CHF

    1.5415. Our preferred outlook is for a drift down to 1.5397 or below 1.5378. Resistances are at 1.5415 and 1.5428. A rise above 1.5447 would delay but not abort this expected fall.

    EUR-JPY

    138.91. Current fall is near an end of wave around 137.98 - 138.49 zone, a rally should then procede to above 139.32 or 139.59. Fall below 137.83 would cancel this scenario.

    EUR-GBP

    0.6768. Current rise seems to be over near 0.6772 or 0.6781 for a retracement towards 0.6762 - 0.6756 area.

    AUD-USD

    0.7329. It should test higher than 0.7345. Entry point are at 0.7318 and 0.7310. A break of 0.7291 is bearish.

    USD-CAD

    1.1872. While below 1.1916 it is more likely to fall further towards 1.1847 or 1.1825. Premature rise above 1.1916 could see it rising above 1.1960 zone.
     
    #11     Nov 7, 2005
  2. Wednesday November 9, 2005




    EUR-USD

    1.1780. Market should hold major support at 1.1690 before rising towards 1.1819 or even 1.1857 limit.

    USD-CHF

    1.3109. Preferred view is for a fall to below 1.3053 while 1.3109 - 1.3114 area resists. A clear break of 1.3170 would be bullish.

    USD-JPY

    117.28. Market should pop up towards 117.80 or 118.32 this bullish scenario would be damaged if 116.86 - 116.77 zone is broken, a severe break down could then occur.

    GBP-USD

    1.7445. It should stay in a range trading between 1.7366 and 1.7485 for a while.

    EUR-CHF

    1.5443. It should be subject to more sell off towards 1.5419 or 1.5394. Corrective upward swings should face resistance around 1.5478 area. A break of 1.5462 is bullish.

    EUR-JPY

    138.16. It may meet resistance in 138.16 - 138.30 zone for a drift down to 137.74 zone, after which bounce to 138.55 is anticipated.

    EUR-GBP

    0.6752. We prefer to see an attempt to below 0.6741 or below 0.6730 in extension. A clear break of 0.6761 is bullish.

    AUD-USD

    0.7346. It looks set for gains to above 0.7375. Supports at 0.7315 and 0.7330. A break of 0.7300 will damage this bullish structure.

    USD-CAD

    1.1843. Preferred view is for a fall to below 1.1798 while 1.1843 - 1.1886 area resists. A clear break of 1.1931 would be bullish.
     
    #12     Nov 8, 2005
  3. Thursday November 10, 2005


    EUR-USD

    1.1764. Market should hold major support at 1.1706 before rising towards 1.1797 or even 1.1830 limit.

    USD-CHF

    1.3106. Preferred view is for a fall to below 1.3071 while 1.3106 - 1.3119 area resists. A clear break of 1.3154 would be bullish.

    USD-JPY

    117.52. It may attempt a test higher to 117.63 after which weakness may set it to a drift down to below 117.01 limit.

    GBP-USD

    1.7434. Market should hold major support at 1.7377 before rising towards 1.7475 or even 1.7516 limit.

    EUR-CHF

    1.5419. It should trade lower to 1.5406 or 1.5373 in extension while 1.5447 - 1.5464 offer resistance. A break of 1.5480 will damage this bearish view

    EUR-JPY

    138.38. Market should hold major support at 137.40 before rising towards 138.58 or even 138.90 limit.

    EUR-GBP

    0.6748. We prefer to see an attempt to below 0.6737 or below 0.6727 in extension. A clear break of 0.6756 is bullish.

    AUD-USD

    0.7366. A corrective/consolidation activity between 0.7329 and 0.7417 is likely for a while.

    USD-CAD

    1.1869. It may attempt a test higher to 1.1851 after which weakness may set it to a drift down to below 1.1747 limit.
     
    #13     Nov 9, 2005
  4. EUR/USD getting killed. The strong dollar definitely is getting more interesting everyday.

    I turned on the dollar today and got smacked. I'm holding long on EUR and see what happens for the next few days.
     
    #14     Nov 10, 2005
  5. Friday November 11, 2005




    EUR-USD

    1.1686. Market should meet resistance at 1.1718. We expect then an extended move down to 1.1666 -1.1591 area.

    USD-CHF

    1.3155. It should be subject to more sell off towards 1.3082 or 1.3010. Corrective upward swings should face resistance around 1.3258 area. A break of 1.3212 is bullish.

    USD-JPY

    118.20. Currently uptrend should end around 118.59 - 118.49 area. A correction down to below 117.69 is expected. A rise above 118.77 will abort the expected correction.

    GBP-USD

    1.7413. It looks more likely that it would rise to above 1.7464 or 1.7486 from 1.7406 or 1.7370. After which a downside move to below 1.7326 is expected.

    EUR-CHF

    1.5374. It is likely to attempt to below 1.5329 while below 1.5374 - 1.5386 area. Rise above 1.5408 would dampen this bearish expectation.

    EUR-JPY

    138.14. Decline should be supported around 137.89 - 137.63 zone for rally to above 139.01. A clear break of 137.63 will damage this expected rally.

    EUR-GBP

    0.6711. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.6699 or 0.6694. Major support is clustered around 0.6671 limit.

    AUD-USD

    0.7298. Market should meet resistance at 0.7323. We expect then an extended move down to 0.7295 -0.7224 area.

    USD-CAD

    1.1913. It should trade higher to 1.1952 while 1.1878 or 1.1859 offers support. Stop loss below 1.1839 zone.
     
    #15     Nov 10, 2005
  6. Monday November 14, 2005




    EUR-USD

    1.1727. It should test 1.1778 area after which a sell off down to 1.1688 or extended to 1.1649 area is expected.

    USD-CHF

    1.3114. Decline should be supported around 1.3093 - 1.3073 zone for rally to above 1.3185. A clear break of 1.3073 will damage this expected rally.

    USD-JPY

    117.88. Decline should be supported around 117.61 - 117.35 zone for rally to above 118.47. A clear break of 117.35 will damage this expected rally.

    GBP-USD

    1.7419. It may attempt a test higher to 1.7428 after which weakness may set it to a drift down to below 1.7385 limit.

    EUR-CHF

    1.5380. Is expected to fall lower than 1.5351. Entry sell point are at 1.5384 or 1.5391 . Stop loss above 1.5391.

    EUR-JPY

    138.24. It should test 138.93 area after which a sell off down to 137.74 or extended to 137.24 area is expected.

    EUR-GBP

    0.6733. It should test 0.6758 area after which a sell off down to 0.6714 or extended to 0.6696 area is expected.

    AUD-USD

    0.7327. It should test 0.7351 area after which a sell off down to 0.7304 or extended to 0.7281 area is expected.

    USD-CAD

    1.1898. Decline should be supported around 1.1874 - 1.185 zone for rally to above 1.1952. A clear break of 1.1850 will damage this expected rally.
     
    #16     Nov 13, 2005
  7. Tuesday November 15, 2005




    EUR-USD

    1.1688. While below 1.1674 - 1.1707 it might drop to 1.1641 or below 1.1594 zone.

    USD-CHF

    1.3180. Market looks set for gains towards 1.3241 or above in extension. Dips should find support at 1.3152 - 1.3122 zone.

    USD-JPY

    118.80. Uptrend is still intact in a triangle configuration. It should continue to rally to 118.96 or 119.57 if support around 118.52 hold. After which a pullback to 118.52 - 118.33 zone is possible.

    GBP-USD

    1.7370. While below 1.7357 - 1.7403 it might drop to 1.7310 or below 1.7250 zone.

    EUR-CHF

    1.5408. Current rise seems to be over near 1.5409 or 1.5420 for a retracement towards 1.5397 - 1.5391 area.

    EUR-JPY

    138.87. While below 139.39 it is more likely to fall further towards 138.58 or 138.31. Premature rise above 139.39 could see it rising above 139.92 zone.

    EUR-GBP

    0.6728. Decline should be supported around 0.6716 - 0.6704 zone for rally to above 0.6758. A clear break of 0.6704 will damage this expected rally.

    AUD-USD

    0.7271. There is bearish potential for a fall to 0.7241 or 0.7210 while 0.7308 - 0.7323 resist. After this fall a recovery up to 0.7308 or 0.7323 is expected.

    USD-CAD

    1.1929. A correction down to 1.1883 or lower is now expected from 1.1950 or 1.1972. A break above 1.2016 is needed to turn bullish.
     
    #17     Nov 14, 2005
  8. Wednesday November 16, 2005




    EUR-USD

    1.1718. It may attempt a test higher to 1.1724 after which weakness may set it to a drift down to below 1.1662 limit.

    USD-CHF

    1.3167. There are initial signs of a good corrective recovery towards 1.3205 or even 1.3221. Supports at 1.3162 and 1.3135 zone.

    USD-JPY

    118.91. Should test support at 118.60 while below 118.91. If support at 118.60 holds it can rise up to119.32, if not it should fall to below 118.29 zone.

    GBP-USD

    1.7353. Market should hold major support at 1.7295 before rising towards 1.7399 or even 1.7445 limit.

    EUR-CHF

    1.5431. Current rise should end around 1.5426 or 1.5452. Objectives of this downmove are 1.5405 or 1.5379. A rise above 1.5473 is again bullish.

    EUR-JPY

    139.37. Currently uptrend should end around 139.91 - 139.56 area. A correction down to below 138.99 is expected. A rise above 139.76 will abort the expected correction.

    EUR-GBP

    0.6753. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6762 or 0.6783 if support around 0.6746 hold. After which a pullback to 0.6746 - 0.6739 zone is possible.

    AUD-USD

    0.7332. It should trade lower to 0.7288. Resistances are at 0.7335 and 0.7357. A break of 0.7391 is bullish.

    USD-CAD

    1.1927. Preferred view is for a fall to below 1.1903 while 1.1927 - 1.1940 area resists. A clear break of 1.1964 would be bullish.
     
    #18     Nov 15, 2005
  9. Thursday November 17, 2005



    EUR-USD

    1.1669. It should register gains to 1.1703. Corrective decline should be supported in 1.1658 - 1.1631 area. Stop Loss below 1.1593 zone.

    USD-CHF

    1.3256. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3293 or 1.3363 if support around 1.3232 hold. After which a pullback to 1.3232 - 1.3205 zone is possible.

    USD-JPY

    119.18. Preferred view is for a fall to below 118.81 while 119.18 - 119.18 area resists. A clear break of 119.56 would be bullish.

    GBP-USD

    1.7165. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.7082 or 1.7077. Major support is clustered around 1.6986 limit.

    EUR-CHF

    1.5468. Current rise should end around 1.5459 or 1.5488. Objectives of this downmove are 1.5438 or 1.5409. A rise above 1.5509 is again bullish.

    EUR-JPY

    139.07. While below 139.27 or 139.45 it could fall towards below 138.71 or 138.34. After which a corrective/consolidation activity is expected.

    EUR-GBP

    0.6798. Current upmove should be ended around 0.6822 - 0.6847. Any correction consolidation should find support in 0.6787 - 0.6775 zone.

    AUD-USD

    0.7305. While below 0.7292 - 0.7307 it might drop to 0.7277 or below 0.7250 zone.

    USD-CAD

    1.1938. A correction down to 1.1901 or lower is now expected from 1.1936 or 1.1955. A break above 1.2009 is needed to turn bullish.
     
    #19     Nov 16, 2005
  10. Friday November 18, 2005


    EUR-USD

    1.1749. Market looks set for gains towards 1.1794 or above in extension. Dips should find support at 1.1718 - 1.1696 zone.

    USD-CHF

    1.3173. While above 1.3164 - 1.3124 zone a corrective dip could test 1.3204 or 1.3229 or 1.3253. After which it should resume his downtrend.

    USD-JPY

    118.82. It is likely to fall towards 118.43 as its corrective rally could falter in 119.05 - 118.86 area. Stop above 119.24 zone.

    GBP-USD

    1.7192. Is expected to fall lower than 1.7116. Entry sell point are at 1.7209 or 1.7228 . Stop loss above 1.7228.

    EUR-CHF

    1.5478. Current rise should end around 1.5472 or 1.5489. Objectives of this downmove are 1.5460 or 1.5443. A rise above 1.5501 is again bullish.

    EUR-JPY

    139.62. It should be subject to more sell off towards 138.86 or 138.10. Corrective upward swings should face resistance around 140.67 area. A break of 140.23 is bullish.

    EUR-GBP

    0.6834. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6865 or 0.6875 if support around 0.6818 hold. After which a pullback to 0.6818 - 0.6808 zone is possible.

    AUD-USD

    0.7337. It should trade higher to 0.7362 while 0.7328 or 0.7316 offers support. Stop loss below 0.7303 zone.

    USD-CAD

    1.1874. It should see a sell off to below 1.1837 while 1.1890 area curtails its upside. A break beyond 1.1928 will abort the downside.
     
    #20     Nov 17, 2005