| Currency |
Forex technical analysis |
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| EUR/USD |
Euro’s short-term rebound may prove short-lived, sine the Central bank kept interest rates unchanged. Traders are still cautious about the ecomomin situation in Greece, which weakens Euro positions. However, with the U.S. non-farm payrolls coming better than expected, the upside of the greenback was not shaken, which adds to the cautious picture of the Euro in the short term
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| USD/CAD |
USD/CAD remains in the consolidation. As the volatility of Canadian dollar is relatively lower than for other major currencies, USD/CAD defensiveness could prove higher during volatile periods. This supports Canadian dollar along with its successive economic improvement over the past year.
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| Currency |
Forex technical analysis |
Short term bias |
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| EUR/USD |
Euro may stabilize at 1.3443 support and may rebound to 1.3840 in the short term. |
Bullish |
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| GBP/USD |
As the GBP/USD gave away the 1.4986 resistance, the pair may climb to 1.5260 in
the short term. Support may be at 1.4780. |
Cautiously Bullish |
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| USD/JPY |
USD/JPY may find support at 89.15 in the short term, and the next support may be at 88.00. It may rebound to 92.15. |
Neutral |
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| USD/CHF |
The pair may test lower at 1.0510 in the short term and the resistance may find at 1.0935. |
Bearish |
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| USD/CAD |
The pair may test lower at 1.0205 in the short term, and the resistance may place at 1.0580. |
Neutral |
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| AUD/USD |
The pair may stabilize at 0.8735 in the short term, and may rebound to 0.9072 resistance. |
Neutral |
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| NZD/USD |
The pair may rebound back to 0.7145 in the short term, and support may find at 0.6805. |
Neutral |
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| NY Crude Oil |
Crude oil fell yesterday, on concerns over the pace of U.S. economic recovery as pending sales of existing
U.S. homes fell more than expected in January. N.Y. crude oil may climb to USD 83.95 in the short term and support may be at USD 77.75. |
Neutral |
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| Gold |
Gold fell yesterday, as the U.S. dollar strengthened yesterday dampened the appeal of the precious metal as an alternative investment.
Gold may find support at USD 1070 in the short term, and it may find resistance at USD 1162. |
Bullish |
