Forex technical analysis overview

EUR-USD => Targeting 1.4675. Support at 1.4615 - 1.4595 area should hold all pullbacks.

GBP-USD => While 1.9745 resists we may see further sell offs to 1.9655 or even 1.9625. Breaking above 1.9745 can boost price to 1.9805 and higher.

USD-CHF => While 1.1010 - 1.1035 offer resistance we may see a fall to 1.0930. Later a corrective up move towards 1.1035 or even 1.1060 is anticipated.

USD-JPY => Expecting a pullback to 108.25 and possibly to 108.40. Support levels are at 107.80 and 107.55.

EUR-JPY => Resistance at 158.50 may provoke further fall to 157.65 or even 157.35. Rising clearly above 158.50 may result in a rising over 159.05.

EUR-GBP => Main support at 0.7410 should hold allowing a rise to 0.7450 and possibly to 0.7460.

EUR-CHF => While resistance area at 1.6060 - 1.6100 is intact price my fall to 1.6020 or even to 1.5965.

AUD-USD => We should see consolidation forming between 0.8960 and 0.9125.

USD-CAD => Expecting a possible test of 1.0010 with the following sloping to 0.9955 and lower.

GBP-JPY => Possible top has formed around recent highs at 213.70/214.20, drop below 213.00/10 signals reversal lower to 211.70 initially.

Forex Fundamentals today

Lot’s of data to be released today. Be careful with your stops.

JPY 1:00am EST BOJ Monthly Report Medium Impact Expected

JPY Tentative BOJ Governor Fukui Speaks High Impact Expected

EUR 2:45am EST French Nonfarm Employment q/q (p) Medium Impact Expected

CAD 8:30am EST Manufacturing Shipments m/m Medium Impact Expected

USD 8:30am EST Empire State Business Conditions Index Medium Impact Expected

USD 8:30am EST Import Price Index m/m Medium Impact Expected

USD 9:00am EST TIC Net Long-Term Transactions High Impact Expected

USD 9:15am EST Capacity Utilization Rate Medium Impact Expected

USD 9:15am EST Industrial Production m/m Medium Impact Expected

EUR 9:45am EST ECB President Trichet Speaks Medium Impact Expected

USD 10:00am EST Consumer Sentiment (p) High Impact Expected

USD 1:15pm EST Fed Governor Mishkin Speaks Medium Impact Expected

Profitable Forex trades!

This entry was posted on Friday, February 15th, 2008 at 2:10 am and is filed under Daily market comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.