FOREX Signal: AUD/USD Daily Chart Today 5th Feb 2014

AUD/USD Chart

FOREX Signal Today

AUD/USD continues to be bullish breaking the 23.6% FIBO level resistance. Also, reverse H&S pattern being observed in Daily Chart which again signifies strengthening of the pair.

FOREX Data and EUR/USD Trend For Today: 4th Feb

EUR/USD Trend

Technical FOREX Data: 

• Senior linear regression channel: direction-up. 
• Low channel linear regression: direction-down. 
• Moving Average (20; smoothed)- down. CCI: -126.7385

EUR/USD Trend:

The euro exchange rate on the currency market on February 3 is continuing to decline, which is signaled by the indicator Heiken Ashi bars coloring blue. Senior channel pointing up, indicating that the upward direction of the global trend. Low channel turned down, which means the downward direction of motion in the less long term. At the moment the price is below the moving average and below the Murray "2/8". Therefore the aim of the downward movement is now level Murray "1/8"- 1.3489, which has already been achieved. If price overcomes the first target, the new target will be the level of Murray "0/8"- 1.3428. The moving average is directed downward, and the price is in turn below it, so now more relevant downward movement. Heiken Ashi colored bars in the last blue color, which tells us about the local downward motion, so shorts can be seen to the top of the indicator that will signal to coil correction. Long positions can be re-considered only after fixing prices above the moving average. The CCI indicator is about the level of -100, which indicates the presence of a weak currency pair oversold, last strong oversold is not fulfilled, so still expected correction.

The next support levels are at 1.3489-1.3428-1.3367 and nearest resistance levels are 1.3550-1.3611-1.3672

FOREX Trading Strategy For This Week: 3rd-7th Feb

All last week, continued development of priority descending pattern . This became possible after having been tested monthly balance level 1.3725 . Despite attempts to pressure from buyers at levels 1.3600 and 1.3630 , the rate continued to fall and closing below the previous week was January low . To date, the final month extremum at around 1.3478 . Such closing the U.S. session Friday implies the continuation of the downward trend this week. Target zone also remains all monthly monitoring zone 1.3400-1.3300 , the achievement of which will talk about the implementation of the whole 100% monthly structure.

Priority model at the beginning of the week.

When working on the priority important to understand that a critical level of education increases the probability of a counter- trend. This is enhanced by the fact that the current week is ekspiratsionnoy for the February option contract . According to statistics in this period often increased volatility , which leads to rapid implementation of both the main and auxiliary models. In this case it is necessary to say that the achievement of the target zones before expiry of the day are more likely to allow to speak about the growth of demand , and this in turn will give the opportunity to work more and additional growth pattern .

From the perspective of intraday fluctuations occurred on Friday week consolidation below 1.3561-1.3541 fault , which was significant support in the development of a downtrend. In the correction , the daily 1.3586-1.3576 fault has not been overcome , suggesting strong downward dynamics , which implies a high probability of inertial motions for updates generated lows. For this reason, consider buying dipapzone between current and monthly control zone stands with great caution.

Priority model at the beginning of the week.

FOREX News with EUR/USD Day Trading Levels Today

FOREX News:

According to the Central Statistical Office of Cyprus , output continued to decline in November 2013 reduction rate increased in relation to the previous month. Production volume decreased by 14.4% in November compared with November 2013 In October, its reduction was 11.5 % , and in September - 11.6% . Low reading due to the decline in manufacturing output by 17.1 % , as well as in the mining sector by 30.4 %. In the energy sector output fell by 2.9 % in relation to the data for November 2012 For the period from January to November , the production volume decreased by 13% compared to the same period of the previous year.

EUR/USD Day Trading Levels:

Technical levels for EUR/USD, Support are looking at 1.3431-1.3568 while Resistance levels are at 1.3734-1.3871

EUR/USD Levels 

FOREX News and Updates Today: 29th Jan 2014

FOREX News and Updates Today:

Attention to the ruble before the meeting the Fed Open Market Committee 's understandable. After those setbacks that awaited Russian currency at the end of the week to Jan. 24 , the decision to reduce the scale of quantitative easing could aggravate the situation and lead to further devaluation of the "wooden ".

Cheap liquidity outflows from emerging markets is the main driver of the fall in exchange rates of these countries. Ruble - not the exception but rather the rule , because the stories with the Argentine peso and the Turkish lira widely known. The devaluation of the currency of the South American country is about 17% and is due to not only the expectations of the Fed's decision , but also the sovereign actions of the Central Bank , has decided to give up the addiction to sell gold reserves to maintain the peso and liberalize the mode of operation of the foreign exchange market .

Does not that very similar to the situation in Russia , where the central bank also eased his grip , less and less participation in the process of exchange rate appreciation. However, such a serious weakening of the "wooden ", apparently , is not included in the plans of the domestic regulator, which began to take action after speculators began to test the upper limit of the bi-currency corridor. An estimated three times the Bank of Russia for January 27 engage in , spending to support the ruble about $ 1 billion

Watching so much opposition from the Central Bank to purchase Connect exporters wishing to implement the rescue at a favorable rate , resulting in a pair of USD/RUB and EUR/RUB entered a small correction. Here, the Bank of Russia is not alone : for example , the Turkish regulator also actively prevents weakening of the lira , which could trigger an increase in inflationary expectations and rising prices .

Technically quotation USD/RUB come to an important resistance level , without overcoming the continuation of the uptrend which is impossible.

On the daily chart interact synchronously subsidiary , highlighted in blue , and maternal labeled red model. The significance of the current resistance level is confirmed by the presence of targets for both patterns. So as the target with the first serves mark of 34.75 ( 261.8 %) , the second - 34.78 ( 161.8 %). In case of a breakthrough initiated likely the Fed decision on decommissioning U.S. QE, buyers are quite capable to move up towards 36.1 . In any case, while a pair of quotes are above $ 33.9 ( 161.8 % by the subsidiary AB = CD), the mood remains " bullish ", which creates opportunities for long positions on pullbacks.

Day Trading EUR/JPY Technical Trend Today: 22nd Jan

Day Euro/YEN in thought and can not understand what she wants more - to defend from senior levels of support halftime or trust daylight finally cross and go in his direction.

Resistance Today - Daily Technical Resistance is at 141.68-142.36 while Support - weekly Level is at 141.35, the historical level of the Ichimoku horizontal half month 141.05.

FOREX Trend: NZD/USD Weekly Analysis January 20-24,

FOREX NZD/USD Trend:

The NZD/USD tumbled this week to trade at 0.8260 but continued to outpace its Tasmanian cousin the Aussie. The kiwi eased on the strength of the US dollar and concerns over China. Traders will wait to see what Graham Wheeler has to say at the RNZ meeting. The kiwi is heading for a 2% weekly gain against its trans-Tasman counterpart after data showed the divergent neighboring economies which will likely see interest rates move in New Zealand’s favor.

The kiwi rose to eight-year high 94.80 Australian cents this week, trading at 94.11. The NZD fell to 82.99. New Zealand’s economy is looking increasingly attractive to investors, with a survey this week showing business confidence at a 20-year high and house prices continuing to rise, while Australian jobs data surprised analysts with a drop in employment in December. Investors will watch New Zealand inflation figures next week to get a sense on how early central bank Governor Graeme Wheeler will start hiking rates.

News via fxempire.com

FOREX News For Today: 16th Jan 2014

Yesterday the bulls managed to get the support of the day short-term trend , the current level retains its properties at 141.82 . Resistances currently perform daily Kijun ( 143.08 ) and Kijun fib ( 143.69 ) . If the pair manages to break new dead cross , we can expect that players will increase its efforts to cut formed correctness , then updating the maximum ( 145.68 ) , they will be able to continue to trend higher time frames .

H1 - H4

Halves on younger bulls managed to regain support Ichimoku - are golden crosses , pair fixed above the clouds H1. Currently performed by the first targets goal breakdown clouds H1 ( 142.86 - 143.13 ) . Perhaps the formation of rollback , supports are Tenkan H1 ( 142.53 ) and Tenkan Kijun H1 + H4 ( 142.35 ) . Break of the latter level may change the mood and make it possible to deepen the adjustment to the Kijun H4 ( 141.76 ) , under which the binding - is the beginning of the work day in the direction of the dead cross.

FOREX Forecast For Today: 15th Jan

For the euro / dollar and dollar / franc while watching the structure of 9 January as the main reference point. For the GBP / USD price is in the correction zone from falling structure on January 10. The pair dollar / yen formed potential for the top , but expressed initial conditions we do not observe . For the euro / yen and pound / yen pair is similar to painting Dollar / Yen and here we expect a more specific structure formation .

Forecast for January 15 :

For the euro / dollar important levels are 1.3834, 1.3791, 1.3771, 1.3719, 1.3699, 1.3654, 1.3636, 1.3605 and 1.3551. Here the rising structure of 9 January is still relevant for the purposes of the definition. Short-term upward movement forward in the corridor 1.3699-1.3719, break of the latter should be accompanied by a strong upward movement, the Target here- 1.3771, 1.3771 in the hallway- 1.3791 price consolidation. Potential value for the top level of 1.3834 believe at which downward pullback . Short-term downward movement is possible in the corridor 1.3636-1.3605, hence we expect the key reversal up, breakdown of the level 1.3605 will favor the falling structure , in this case the target- 1.3551.

EUR/USD Technical Trend Today: FOREX News

After updating the minimum quarterly at the end of last week started a natural growth rate. To date, the course tests the day fault 0.8294-0.8286 , which is decisive for the further development of one of the models . When securing the above we can talk about the beginning of the ascending phase , the purpose of which will be weekly fault 0.8429-0.8419 . This pattern is not yet a major because at the test day faults observed increase proposal. If the stand area will be continued downward model that will aim to update the quarterly minimum 0.8230. Model reduction at the beginning of the week.

EUR / USD: We saw highs for the European currency during last Friday as a result of weakness and decline , which dominated the U.S. dollar after the jobs report , which came successfully the U.S. economy by creating 74 thousand jobs only from the previous month , which was 241 thousand resulting in a lower U.S. dollar against other currencies .

According to our expectations have touched the pair rising trend line shown above in white at levels of 1.3571 and then bounced back up to achieve more than a hundred points profit during today's session we expect to remain the pair fluctuated between the levels of 1.3605 and 1.3680 and expect to fall back towards the levels of 1.3605 and then rose again to see it through this week around 1.3731 levels , but the stabilization of the highest levels of 1.3660 the pair has paid the pair to rise directly .

The general trend of a medium-term : bullish

Key resistance levels : 1.3731 and 1.3812

Key support levels : 1.3605 and 1.3570

Forex: USD/CAD, EUR/GBP Technical Analysis For Today 13th Jan

Here is Daily technical Report for USD/CAD today-

• Prices moved higher as expected, completing a Triangle chart formation
• Closing above 1.0930 (61.8% Fib exp.) exposes 1.1011 (76.4% Fib exp.)
• Reversing back below 1.0865 (50% Fib exp.) eyes 1.0799 (38.2% Fib exp.)

USD/CAD Chart

EUR/GBP Technical Analysis Report For Today-

• Prices rose as expected, completing a Falling Wedge and a Morning Star candle pattern
• Near-term resistance is now at 0.8319 (38.2% Fib); above that targets 0.8347 (50% Fib)
• Back below 0.8285 (23.6% Fib) targets 0.8270 (Wedge top resistance-turned-support)

Forex: Markets to Look Past European Data

The Australian and New Zealand dollars as well as the Japanese Yen sophisticated in right away deal. This proceed tracked some sort of recovery in YUS Treasury bond futures, suggesting the move likely returned some sort of modification seeing that policy-sensitive currencies digest the very likely velocity regarding Feasted activities in 2014. Standard 10-year YOU produces pulled apart returning from the two-year excessive over 3 pct and bonds recovered last night seeing that marketplaces went back from your Fresh Yr vacation, with an increase of with the similar about deck in Asian countries.

Rhetoric reinforcing the likelihood of continued “tapering” of the Fed’s QE3 program in the months ahead is likely to boost the US Dollar against most of its top counterparts. A more cautious tone stressing the data dependence of near-term policy may yield the opposite effect. The rate-setting FOMC committee began to scale down stimulus in December, reducing asset purchase by a cumulative $10 billion.