Realtime Forex Daily Market Comment

[RF_TRADERTIP]

Thursday December 15, 2005


EUR-USD

1.2001. While below 1.2064 it is more likely to fall further towards 1.1967 or 1.1935 level.

USD-CHF

1.2819. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2773 or 1.2748. Major support is clustered around 1.2737 limit.

USD-JPY

117.39. Overall structure is bearish. Decelerating momentum could attract it towards supports at 116.23 or 116.00. Major support is clustered around 115.25 limit.

GBP-USD

1.7730. While below 1.7741 - 1.7770 it might drop to 1.7673 or below 1.7615 zone.

EUR-CHF

1.5383. Our preferred outlook is for a drift down to 1.5358 or below 1.5332. Resistances are at 1.5383 and 1.5406. A rise above 1.5432 would delay but not abort this expected fall.

EUR-JPY

140.86. Market should meet resistance at 141.53. We expect then an extended move down to 139.72 -138.86 area.

EUR-GBP

0.6768. There are initial signs of a good corrective recovery towards 0.6793 or even 0.6817. Supports at 0.6756 and 0.6744 zone.

AUD-USD

0.7548. It is a triangle configuration . Market should break either side.Acceleration should occur above 0.7579 or under 0.7521 limits.

USD-CAD

1.1519. It may attempt a test higher to 1.1526 after which weakness may set it to a drift down to below 1.1453 limit.

 

[RF_TRADERTIP]

Friday December 16, 2005


EUR-USD

1.1980. Current move should be supported in 1.1958 zone for a rise to above 1.2088. A break below 1.1882 opens the way down.

USD-CHF

1.2890. It should be subject to more sell off towards 1.2818 or 1.2745. Corrective upward swings should face resistance around 1.2958 area. A break of 1.2964 is bullish.

USD-JPY

116.21. It may meet resistance in 116.21 - 116.58 zone for a drift down to 115.11 zone, after which bounce to 116.95 is anticipated.

GBP-USD

1.7652. It should see a sell off to below 1.7595 while 1.7670 area curtails its upside. A break beyond 1.7727 will abort the downside.

EUR-CHF

1.5442. It should be subject to more sell off towards 1.5397 or 1.5352. Corrective upward swings should face resistance around 1.5508 area. A break of 1.5476 is bullish.

EUR-JPY

139.20. It may meet resistance in 139.20 - 139.77 zone for a drift down to 137.48 zone, after which bounce to 140.17 is anticipated.

EUR-GBP

0.6786. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6801 or 0.6813 if support around 0.6778 hold. After which a pullback to 0.6778 - 0.6772 zone is possible.

AUD-USD

0.7484. Market should meet resistance at 0.7501. We expect then an extended move down to 0.7453 -0.7432 area.

USD-CAD

1.1583. A correction down to 1.1523 or lower is now expected from 1.1599 or 1.1629. A break above 1.1674 is needed to turn bullish.

 

[RF_TRADERTIP]

Tuesday December 20, 2005


EUR-USD

1.2007. It may attempt a test higher to 1.2023 after which weakness may set it to a drift down to below 1.1975 limit.

USD-CHF

1.2923. A corrective/consolidation activity between 1.2881 and 1.2942 is likely for a while.

USD-JPY

116.15. A corrective/consolidation activity between 115.59 and 116.35 is likely for a while.

GBP-USD

1.7628. It should see a sell off to below 1.7569 while 1.7651 area curtails its upside. A break beyond 1.7709 will abort the downside.

EUR-CHF

1.5517. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5528 or 1.5551 if support around 1.5512 hold. After which a pullback to 1.5512 - 1.5504 zone is possible.

EUR-JPY

139.45. There are initial signs of a good corrective recovery towards 140.03 or even 140.61. Supports at 139.18 and 138.89 zone.

EUR-GBP

0.6811. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6821 or 0.6842 if support around 0.6801 hold. After which a pullback to 0.6801 - 0.6794 zone is possible.

AUD-USD

0.7400. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.7387 or 0.7375. Major support is clustered around 0.7333 limit.

USD-CAD

1.1690. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1730 or 1.1779 if support around 1.1657 hold. After which a pullback to 1.1657 - 1.1635 zone is possible.

 

[RF_TRADERTIP]

Thursday December 22, 2005


EUR-USD

1.1836. Current fall is near an end of wave around 1.1747 - 1.1796 zone, a rally should then procede to above 1.1874 or 1.1898. Fall below 1.1739 would cancel this scenario.

USD-CHF

1.3130. While below 1.3188 it is more likely to fall further towards 1.3081 or 1.3052. Premature rise above 1.3188 could see it rising above 1.3246 zone.

USD-JPY

117.38. Currently uptrend should end around 117.81 - 117.69 area. A correction down to below 116.91 is expected. A rise above 118.00 will abort the expected correction.

GBP-USD

1.7449. It is likely to attempt nearer support at 1.7356 for extending further to below 1.7264 while below 1.7449 - 1.7521 area. Rise above 1.7567 would dampen this bearish expectation.

EUR-CHF

1.5541. Difficult to predict next move. It should stay in a trading range between 1.5536 - 1.5568

EUR-JPY

138.95. One more dip to 138.53 is likely followed by a grind higher to above 139.18. After which it can resume his downtrend.

EUR-GBP

0.6783. It may attempt a test higher to 0.6789 after which weakness may set it to a drift down to below 0.6760 limit.

AUD-USD

0.7332. It should register further gains to 0.7361 while 0.7312 caps downside attempts. Stop loss below 0.7291 zone.

USD-CAD

1.1653. There is bearish potential for a fall to 1.1621 while 1.1683 - 1.1700 resist. After this fall a recovery up to 1.1700 or 1.1716 is expected.

 

[mickandpete]

Without wishing to appear picky I find your forecast today to be contradictive
You imply 1.73 for cable whilst euro 1.1870 this would give a GBP/Euro of 1.4575 or .6861 a variant to your forecast of .6760
Typing error perhaps
Your comments Nico please

 

[RF_TRADERTIP]

Without wishing to appear picky I find your forecast today to be contradictive
You imply 1.73 for cable whilst euro 1.1870 this would give a GBP/Euro of 1.4575 or .6861 a variant to your forecast of .6760
Typing error perhaps
Your comments Nico please

Euro/$ can go lower first to 1.1747-1.1796 and cable to 1.7264, then market can correct to 1.7449-1.7521 and 1.1874-1898 respectively.

By the way it is important to have a global view. If eur/usd, usd/chf and gbp/usd are not in the same direction, something is strange. If all are in the same direction, this should confirm your opinion...

 

[RF_TRADERTIP]

Friday December 23, 2005


EUR-USD

1.1868. It should trade lower to 1.1771. Resistances are at 1.1858 and 1.1883. A break of 1.1907 is bullish.confirmed by a close above 1.1897 limit.

USD-CHF

1.3123. A drift down to 1.3029 from 1.3123 - 1.3100 area could be followed by a consolidation/corrective activity.

USD-JPY

116.65. Market should meet resistance at 116.90. We expect then an extended move down to 116.52 -115.89 area.

GBP-USD

1.7373. It may meet resistance in 1.7373 - 1.7389 zone for a drift down to 1.7325 zone, after which bounce to 1.7415 is anticipated.

EUR-CHF

1.5574. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5594 or 1.5608 if support around 1.5562 hold. After which a pullback to 1.5562 - 1.5554 zone is possible.

EUR-JPY

138.43. Overall structure is bearish. Decelerating momentum could attract it towards supports at 138.33 or 138.07. Major support is clustered around 137.78 limit.

EUR-GBP

0.6832. Current rise seems to be over near 0.6836 or 0.6855 for a retracement towards 0.6817 - 0.6805 area.

AUD-USD

0.7315. Market should pop up towards 0.7340 or 0.7366 this bullish scenario would be damaged if 0.7307 - 0.7298 zone is broken, a severe break down could then occur.

USD-CAD

1.1665. Market should hold major support at 1.1447 before rising towards 1.1660 or even 1.1731 limit.

 

[RF_TRADERTIP]

Tuesday December 27, 2005


EUR-USD

1.1870. A corrective/consolidation activity between 1.1856 and 1.1897 is likely for a while.

USD-CHF

1.3123. Our preferred outlook is for a drift down to 1.3106 or below 1.3089. Resistances are at 1.3123 and 1.3123. A rise above 1.3140 would delay but not abort this expected fall.

USD-JPY

116.23. A drift to below 116.04 or maximum 115.86 is expected to precede a rally towards above 116.33 or 116.42. Fall below 115.86 would be bearish.

GBP-USD

1.7345. It should trade higher to 1.737 or above 1.7395 in extention. Supports at 1.7333 and 1.7345. Stop loss below 1.732 zone

EUR-CHF

1.5578. A correction down to 1.5519 or lower is now expected from 1.5579 or 1.5609. A break above 1.5639 is needed to turn bullish.

EUR-JPY

137.96. It is likely to attempt nearer support at 137.70 for extending further to below 137.43 while below 137.96 - 138.09 area. Rise above 138.23 would dampen this bearish expectation.

EUR-GBP

0.6844. Current rise is now over. Objectives of this downmove are at 0.6835 or 0.6826. A rise above 0.6862 is again bullish.

AUD-USD

0.7278. A drift to below 0.7264 or maximum 0.7250 is expected to precede a rally towards above 0.7285 or 0.7292. Fall below 0.7250 would be bearish.

USD-CAD

1.1663. Difficult to predict the next move. If first down it should hold 1.1655 or 1.1647 to 1.1679. If first up it should face resistance in 1.1671 - 1.1679 zone to 1.1647 zone

 

[RF_TRADERTIP]

Daily Market Comments

Wednesday December 28, 2005




EUR-USD

1.1827. We prefer to see an attempt to below 1.1810 or below 1.1793 in extension. A clear break of 1.1853 is bullish.

USD-CHF

1.3177. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3180 or 1.3225 if support around 1.3154 hold. After which a pullback to 1.3154 - 1.3142 zone is possible.

USD-JPY

117.42. Uptrend is still intact in a triangle configuration. It should continue to rally to 117.93 or 118.18 if support around 117.06 hold. After which a pullback to 117.06 - 116.87 zone is possible.

GBP-USD

1.7272. There is bearish potential for a fall to 1.7231 while 1.7307 - 1.7328 resist. After this fall a recovery up to 1.7328 or 1.7348 is expected.

EUR-CHF

1.5584. Corrective dips should ideally halt near 1.5578 or 1.5572 for one more thrust upwards towards 1.5588 - 1.5597 area or 1.561 in extention. Fall below 1.5565 puts it back on a downward path.

EUR-JPY

138.87. Current rise seems to be over near 138.98 or 139.36 for a retracement towards 138.59 - 138.34 area.

EUR-GBP

0.6846. It looks set for gains to above 0.6858. Supports at 0.6836 and 0.6842. A break of 0.6830 will damage this bullish structure.

AUD-USD

0.7241. There is bearish potential for a fall to 0.7212 while 0.7263 - 0.7278 resist. After this fall a recovery up to 0.7278 or 0.7292 is expected.

USD-CAD

1.1744. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1768 or 1.1806 if support around 1.1716 hold. After which a pullback to 1.1716 - 1.1701 zone is possible.

 

[RF_TRADERTIP]

Thursday December 29, 2005


EUR-USD

1.1833. While below 1.1823 or 1.1859 it could fall towards below 1.1740. Rise above 1.1883 could activate some bullish pattern.

USD-CHF

1.3171. It should trade higher to 1.3225 or above 1.3279 in extention. Supports at 1.3111 and 1.3138. Stop loss below 1.3084 zone

USD-JPY

117.92. Uptrend is still intact in a triangle configuration. It should continue to rally to 118.46 or 118.59 if support around 117.61 hold. After which a pullback to 117.61 - 117.45 zone is possible.

GBP-USD

1.7168. There is bearish potential for a fall to 1.7063 or 1.6957 while 1.7288 - 1.7341 resist. After this fall a recovery up to 1.7288 or 1.7341 is expected.

EUR-CHF

1.5585. It looks set for gains to above 1.5601. Supports at 1.5574 and 1.5582. A break of 1.5566 will damage this bullish structure.

EUR-JPY

139.53. One move lower to 138.93 or 138.34 is anticipated while below 139.72 - 140.01 area. Stop loss above 140.50 zone.

EUR-GBP

0.6892. Current upmove should be ended around 0.6917 - 0.6942. Any correction consolidation should find support in 0.6882 - 0.6870 zone.

AUD-USD

0.7289. Current rise seems to be over near 0.7303 or 0.7324 for a retracement towards 0.7282 - 0.7264 area.

USD-CAD

1.1655. Current fall seems to be over near 1.1636 or 1.1599 for a rebound towards 1.1672 - 1.1701 area.

 

[RF_TRADERTIP]

Friday December 30, 2005


EUR-USD

1.1840. While below 1.1836 - 1.1903 it might drop to 1.1768 or below 1.1665 zone.

USD-CHF

1.3147. A corrective/consolidation activity between 1.2942 and 1.3351 is likely for a while.

USD-JPY

117.84. Decline should be supported around 117.70 - 117.56 zone for rally to above 118.12. A clear break of 117.56 will damage this expected rally.

GBP-USD

1.7249. It should trade lower to 1.7118. Resistances are at 1.7233 and 1.7266. A break of 1.7298 is bullish.confirmed by a close above 1.7298 limit.

EUR-CHF

1.5567. It looks set to visit further lower territory down to around 1.5550. Its corrective attempts should fail ahead of 1.5572 or 1.5581. Stop loss above 1.5590 zone.

EUR-JPY

139.53. Decline should be supported around 139.27 - 139.01 zone for rally to above 140.15. A clear break of 139.01 will damage this expected rally.

EUR-GBP

0.6864. It looks more likely that it would rise to 0.6890 from 0.6860 or 0.6847. After which a downside move is expected.

AUD-USD

0.7315. Current upmove should be ended around 0.7342 - 0.7368. Any correction consolidation should find support in 0.7306 - 0.7293 zone.

USD-CAD

1.1641. It may meet resistance in 1.1641 - 1.1648 zone for a drift down to 1.1619 zone, after which bounce to 1.1660 is anticipated.

 

[RF_TRADERTIP]

Tuesday January 3, 2006


EUR-USD

1.1828. It should see a sell off to below 1.1775 while 1.1831 area curtails its upside. A break beyond 1.1885 will abort the downside.

USD-CHF

1.3156. Corrective dips should ideally halt near 1.3149 or 1.3125 for one more thrust upwards towards 1.3177 - 1.3204 area or 1.3252 in extention. Fall below 1.3101 puts it back on a downward path.

USD-JPY

118.00. It should trade higher to 118.45 or above 118.89 in extention. Supports at 117.50 and 117.72. Stop loss below 117.28 zone

GBP-USD

1.7189. While below 1.7177 or 1.7217 it could fall towards below 1.7086. Rise above 1.7243 could activate some bullish pattern.

EUR-CHF

1.5562. It should test 1.5570 area after which a sell off down to 1.5539 or extended to 1.5515 area is expected.

EUR-JPY

139.59. It may attempt a test higher to 139.72 after which weakness may set it to a drift down to below 138.92 limit.

EUR-GBP

0.6882. It may attempt a test higher to 0.6887 after which weakness may set it to a drift down to below 0.6855 limit.

AUD-USD

0.7338. Currently uptrend should end around 0.7362 - 0.7353 area. A correction down to below 0.7315 is expected. A rise above 0.7368 will abort the expected correction.

USD-CAD

1.1633. While below 1.1620 - 1.1647 it might drop to 1.1593 or below 1.1554 zone.

 

[RF_TRADERTIP]

Wednesday January 4, 2006


EUR-USD

1.2018. Current rise seems to be over near 1.2025 or 1.2095 for a retracement towards 1.1954 - 1.1915 area.

USD-CHF

1.2902. Market should not go lower than 1.2807. After this move down it should go up to 1.2896 - 1.2983 area.

USD-JPY

116.16. Market should not go lower than 115.30. After this move down it should go up to 116.09 - 116.69 area.

GBP-USD

1.7463. Current rise seems to be over near 1.7464 or 1.7555 for a retracement towards 1.7372 - 1.7326 area.

EUR-CHF

1.5506. It is likely to attempt nearer support at 1.5483 for extending further to below 1.5459 while below 1.5506 - 1.5530 area. Rise above 1.5542 would dampen this bearish expectation.

EUR-JPY

139.60. It may attempt a test higher to 139.73 after which weakness may set it to a drift down to below 139.06 limit.

EUR-GBP

0.6882. Difficult to predict the next move. If first down it should hold 0.6867 or 0.6857 to 0.6901. If first up it should face resistance in 0.6889 - 0.6901 zone to 0.6857 zone

AUD-USD

0.7402. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7413 or 0.7477 if support around 0.7377 hold. After which a pullback to 0.7377 - 0.7359 zone is possible.

USD-CAD

1.1560. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1541 or 1.1505. Major support is clustered around 1.1482 limit.

 

[RF_TRADERTIP]

Wednesday January 4, 2006


EUR-USD

1.2018. Current rise seems to be over near 1.2025 or 1.2095 for a retracement towards 1.1954 - 1.1915 area.

USD-CHF

1.2902. Market should not go lower than 1.2807. After this move down it should go up to 1.2896 - 1.2983 area.

USD-JPY

116.16. Market should not go lower than 115.30. After this move down it should go up to 116.09 - 116.69 area.

GBP-USD

1.7463. Current rise seems to be over near 1.7464 or 1.7555 for a retracement towards 1.7372 - 1.7326 area.

EUR-CHF

1.5506. It is likely to attempt nearer support at 1.5483 for extending further to below 1.5459 while below 1.5506 - 1.5530 area. Rise above 1.5542 would dampen this bearish expectation.

EUR-JPY

139.60. It may attempt a test higher to 139.73 after which weakness may set it to a drift down to below 139.06 limit.

EUR-GBP

0.6882. Difficult to predict the next move. If first down it should hold 0.6867 or 0.6857 to 0.6901. If first up it should face resistance in 0.6889 - 0.6901 zone to 0.6857 zone

AUD-USD

0.7402. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7413 or 0.7477 if support around 0.7377 hold. After which a pullback to 0.7377 - 0.7359 zone is possible.

USD-CAD

1.1560. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1541 or 1.1505. Major support is clustered around 1.1482 limit.

 

[josephforex]

daily report error posting?

Looks like yesterdays report? 🙄

 

[RF_TRADERTIP]

Friday January 6, 2006


EUR-USD

1.2110. Uptrend is still intact. It should continue to rally to 1.2132 or 1.2154 if supports at 1.2099 area hold. We anticipate a pullback to 1.2099 - 1.2088 zone as part of a triangle whitin a bullish structure. Upper break of this triangle lies at 1.2132 limit.

USD-CHF

1.2757. It should register further gains to 1.2807 while 1.2729 caps downside attempts. Stop loss below 1.2700 zone.

USD-JPY

115.91. Prefer a fall to 115.83 or 115.62. Then a correction to 116.19 is anticipated. A clear break of 115.32 is again bearish.

GBP-USD

1.7559. Current upmove should be over between1.7575 and 1.7545. A correction down to 1.7442 is anticipated. A break of 1.7604 is bullish.

EUR-CHF

1.5449. We prefer to see an attempt to below 1.543 or below 1.5410 in extension. A clear break of 1.5471 is bullish.

EUR-JPY

140.37. It looks more likely that it would rise to above 140.63 or 140.84 from 140.19 or 139.95. After which a downside move to below 139.53 is expected.

EUR-GBP

0.6896. Corrective dips should halt near 0.6879 for one more thrust upwards towards 0.6903. Stop loss below 0.6861 zone.

AUD-USD

0.7474. A correction down to 0.7450 or lower is now expected from 0.7480 or 0.7491. A break above 0.7509 is needed to turn bullish.

USD-CAD

1.1621. A corrective/consolidation activity between 1.1503 and 1.177 is likely for a while.

 

[RF_TRADERTIP]

Monday January 9, 2006


EUR-USD

1.2151. Current upmove should be over between1.2166 and 1.2137. A correction down to 1.2035 is anticipated. A break of 1.2195 is bullish.

USD-CHF

1.2700. It might hold above 1.2687 or 1.2652 for a rise towards above 1.2769. Stop loss below 1.2652 zone.

USD-JPY

114.41. Market should meet resistance at 114.98. We expect then an extended move down to 113.99 -112.71 area.

GBP-USD

1.7704. A corrective/consolidation activity between 1.7571 and 1.7876 is likely for a while.

EUR-CHF

1.5432. Current fall is near an end of wave around 1.5400 - 1.5426 zone, a rally should then procede to above 1.5446 or 1.5458. Fall below 1.5384 would cancel this scenario.

EUR-JPY

139.02. Market should meet resistance at 139.51. We expect then an extended move down to 138.46 -137.56 area.

EUR-GBP

0.6863. Market should meet resistance at 0.6874. We expect then an extended move down to 0.6854 -0.6831 area.

AUD-USD

0.7541. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7555 or 0.7616 if support around 0.7515 hold. After which a pullback to 0.7515 - 0.7496 zone is possible.

USD-CAD

1.1656. Should test support at 1.1605 while below 1.1656. If support at 1.1605 holds it can rise up to1.1717, if not it should fall to below 1.1554 zone.

 

[RF_TRADERTIP]

Monday January 9, 2006


EUR-USD

1.2151. Current upmove should be over between1.2166 and 1.2137. A correction down to 1.2035 is anticipated. A break of 1.2195 is bullish.

USD-CHF

1.2700. It might hold above 1.2687 or 1.2652 for a rise towards above 1.2769. Stop loss below 1.2652 zone.

USD-JPY

114.41. Market should meet resistance at 114.98. We expect then an extended move down to 113.99 -112.71 area.

GBP-USD

1.7704. A corrective/consolidation activity between 1.7571 and 1.7876 is likely for a while.

EUR-CHF

1.5432. Current fall is near an end of wave around 1.5400 - 1.5426 zone, a rally should then procede to above 1.5446 or 1.5458. Fall below 1.5384 would cancel this scenario.

EUR-JPY

139.02. Market should meet resistance at 139.51. We expect then an extended move down to 138.46 -137.56 area.

EUR-GBP

0.6863. Market should meet resistance at 0.6874. We expect then an extended move down to 0.6854 -0.6831 area.

AUD-USD

0.7541. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7555 or 0.7616 if support around 0.7515 hold. After which a pullback to 0.7515 - 0.7496 zone is possible.

USD-CAD

1.1656. Should test support at 1.1605 while below 1.1656. If support at 1.1605 holds it can rise up to1.1717, if not it should fall to below 1.1554 zone.

 

[RF_TRADERTIP]

Wednesday January 11, 2006



EUR-USD

1.2151. Current rise seems to be over near 1.2166 or 1.2288 for a retracement towards 1.2044 - 1.1976 area.

USD-CHF

1.2800. Market should meet resistance at 1.2852. We expect then an extended move down to 1.257 -1.2262 area.

USD-JPY

114.40. Current fall seems to be over near 114.32 or 112.99 for a rebound towards 115.64 - 116.35 area.

GBP-USD

1.7639. Current rise seems to be over near 1.7713 or 1.7899 for a retracement towards 1.7527 - 1.743 area.

EUR-CHF

1.5445. Market should not go lower than 1.5367. After this move down it should go up to 1.5421 - 1.5472 area.

EUR-JPY

138.00. Resistances lie around 139.95 and 141.61. It should test lower towards 138.3 zone. A clear break of 137.63 would be bearish.

EUR-GBP

0.6847. Preferred view is for a fall to below 0.684 while 0.6868 - 0.6875 area resists. A clear break of 0.6898 would be bullish.

AUD-USD

0.7542. Current rise seems to be over near 0.7547 or 0.7624 for a retracement towards 0.7469 - 0.7428 area.

USD-CAD

1.1681. It may attempt a test higher to 1.1692 after which weakness may set it to a drift down to below 1.1498 limit.

 

[RF_TRADERTIP]

Thursday January 12, 2006


EUR-USD

1.2128. A corrective/consolidation activity between 1.2067 and 1.2206 is likely for a while.

USD-CHF

1.2758. While below 1.2773 - 1.2802 it might drop to 1.2702 or below 1.2645 zone.

USD-JPY

114.14. There is bearish potential for a fall to 113.74 while 114.31 - 114.52 resist. After this fall a recovery up to 114.52 or 114.72 is expected.

GBP-USD

1.7644. Market should hold major support at 1.7538 before rising towards 1.7703 or even 1.7762 limit.

EUR-CHF

1.5472. Current rise should end around 1.5464 or 1.5487. Objectives of this downmove are 1.5449 or 1.5426. A rise above 1.5502 is again bullish.

EUR-JPY

138.42. It should trade higher to 138.66 while 138.29 or 138.17 offers support. Stop loss below 138.05 zone.

EUR-GBP

0.6874. Current rise seems to be over near 0.6880 or 0.6895 for a retracement towards 0.6865 - 0.6854 area.

AUD-USD

0.7552. It should trade higher to 0.7585 while 0.7533 or 0.7517 offers support. Stop loss below 0.7500 zone.

USD-CAD

1.1589. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1565 or 1.1543. Major support is clustered around 1.1506 limit.