Forex technical analysis

EUR-USD => Expecting the end of an uptrend at 1.5250 - 1.5290. Further pullbacks will be supported at support in 1.5215 - 1.5195.

GBP-USD => Falling below 1.9820 turns on sellers mode.

USD-CHF => Another attempt to reach in a fall 1.0330 or even 1.0285 levels will most likely be replaced by a move up later to 1.0405 and possibly to 1.0480. Later we return into the downtrend.

USD-JPY => Main support at 102.45 should hold allowing a rise to 103.75 or even 104.15.

EUR-JPY => Main support at 155.90 should hold before rising to 157.75 or even 158.25.

EUR-GBP => We should observe a consolidation between 0.7640 and 0.7680 levels for a while.

EUR-CHF => Downtrend. Another test of 1.5735 or 1.5685 from above will most likely be followed by a move up towards 1.5820 or even 1.5900.

AUD-USD => Main support is at 0.9200. So far the market is favoring sellers. a test of 0.9244 and 0.9195 levels is expected.

USD-CAD => 0.9990 - 1.0045 area should mark the end of the current up move. Support at 0.9925 - 0.9895 should hold all pullbacks.

GBP-JPY => the pair has formed a double bottom around 203.40 level, which suggests at least temporary an upward attempt in order to recover from a huge fall.

Forex fundamental overview

Time EST

8:15am USD ADP Nonfarm Employment Change => High Impact Expected. Forecast = 10K. If actual comes higher than that - expect a bias to stronger USD, lower - weaker.

10:00am USD ISM Non-Manufacturing Composite => High Impact Expected. Forecast = 47.6.

3:00pm NZD Interest Rate Statement => High Impact Expected. Forecast = 8.25%. Higher actual numbers - stronger NZD, lower - weaker.

7:30pm AUD Building Approvals m/m => High Impact Expected. Foreacst = 5.5%.

7:30pm AUD Trade Balance => High Impact Expected. Forecast = -2.6B. If actual numbers come Lower than that it would suggest Stronger AUD, higher - weaker.

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Forex technical analysis

EUR-USD => Resistance at 1.5210 - 1.5240 may push the price lower to 1.5150 or even 1.5090. Later we should see a consolidation for some time.

GBP-USD => Expecting a dip to 1.9820 or even to 1.9785 with a following correction to 1.9890. Breaking below 1.9730 is in favor of sellers.

USD-CHF => Main support at 1.0280 should hold allowing a move up to 1.0485 or even 1.0545.

USD-JPY => An attempt to reach 103.90 is anticipated. Entry points will be at 103.05 and 102.85. Breaking below 102.17 signals of sellers strength.

EUR-GBP => From 0.7660 or 0.7670 expecting a pullback down to 0.7640 or lower. Breaking above 0.7705 is in favor of buyers.

AUD-USD => Expecting a test of 0.9485 with a next sell off to 0.9315 and possibly to 0.9230.

USD-CAD => while below 0.9920 - 0.9945 expect additional dip towards 0.9840 or 0.9780. Stops are slightly above 0.9995.

GBP-JPY => the pair is trying to recover from 204.40, however there is no confirmation yet about future upward strength.

Forex Fundamental overview

Time EST

9:00am CAD Interest Rate Statement => High Impact Expected. Forecast = 3.75%, if Actual comes higher than that - stronger CAD, lower - weaker.

9:00am USD Fed Chairman Bernanke Speaks => High Impact Expected

7:30pm AUD GDP => High Impact Expected. Forecast = 0.8%. Higher than that - stronger AUD, lower - weaker.

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Forex technical analysis

EUR-USD => Expecting a fall to 1.5136 with a help of resistance at 1.5180 - 1.5185. Breaking above 1.5232 will propel the pair further up.

GBP-USD => While 1.9860 - 1.9890 resists we should see lower prices to 1.9795 or even 1.9720. Breaking above 1.9930 will set uncertainty into bears success.

USD-CHF => Resistance at 1.0415 - 1.0450 at watch with another fall to 1.0315. Later expecting a recovery to 1.0470.

USD-JPY => While 103.30 offers support we should see upward progress towards 104.90. S/L is placed slightly below 102.75.
EUR-JPY => Support at 156.30 should hold allowing a rally to 157.65 and possibly 158.50.

EUR-GBP => While 0.7640 - 0.7650 level offers resistance we may see another fall towards 0.7620 zone. Breaking above 0.7670 calls buyers into action.

AUD-USD => Resistance at 0.9370 should hold allowing a sell off to 0.9300 and further to 0.9150.

USD-CAD => We should see some signs of consolidation between 0.9775 and 0.9925 levels.

GBP-JPY => The pair run 900 pips down non stop from the last resistance point at 214.00. Quite difficult to predict new support level that will stop this fall.

Forex Fundamental Overview
Time EST
4:30am GBP Manufacturing PMI => High Impact Expected. Forecast = 51.0, higher than that - stronger GBP, lower - weaker.
8:30am CAD GDP m/m => High Impact Expected. Forecast = -0.2%, higher than that - stronger CAD, lower - weaker.
10:00am USD ISM Manufacturing Index => High Impact Expected. Forecast = 48.0, higher than that - stronger USD, lower -weaker.
7:30pm AUD Retail Sales m/m => High Impact Expected. Forecast = 0.5%, higher than that - stronger AUD, lower - weaker.
10:30pm AUD Interest Rate Statement => High Impact Expected. Forecast = 7.25%, higher than that - stronger AUD, lower - weaker.

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