FOREX Market Overview: Forecast For Today

The market profile for the Australian dollar can be attributed to the normal deviation of a normal day. The Australian dollar, which fell against the U.S. dollar in the first half of the day, then suddenly began to recover their positions , indicating the presence of a large buyer about strong levels of support in the VAL 7 May- 0.9331. On yesterday's fair price protection zones are located in areas VAL - 0.9341 and VAH -0.9369. Control point POC was formed in 0.9354.

Forecast for Today:

Forecast For Today

During today's Asian session, the Australian dollar continued its upward trend movement against the U.S. dollar. In case of further strengthening its position pairs, the first significant level of resistance will VAH April 15- 0.9423, above which the market can start a new large buyers that will AUD/USD to reach new highs around 10 April VAH- 0.9442, and then and the maximum current year- 0.9460. Sellers have no choice but to wait for the return to the first pair of support VAH 8 May- 0.9393, as well as to a stronger level VAH 12 May- 0.9373. Only after consolidation below these areas will be to talk about reducing the AUD/USD to POC from May 7- 0.9339 and VAH, April 28 - 0.9308.

FOREX Signals For Today: EUR/USD, GBP/USD Trend

FOREX Market Trend Today:

For the EUR / USD continued upward movement forward after the break 1.3700. The pair USD / CHF down movement forward after the break 0.8928 . For the GBP / USD January 24, formed the potential for downward movement. The pair dollar/yen watching the falling structure formation from January 23. For the euro / yen reversed the upward price structure and here we are watching the small local downward cycle of 23 January . For the pound / yen continued downward movement forward after the breakdown of 167.42.

FOREX Signal For EUR/USD:

For the euro/dollar important levels are 1.3756, 1.3699, 1.3629 and 1.3589. Here goals remain unchanged and we will continue to monitor the development of the rising structure from January 20. Continue upward movement forward after the break 1.3699, in this case the target- 1.3717 in the corridor 1.3717-1.3731 price consolidation. Potential value for the top level of 1.3756 believe, going to expect that after the breakdown of 1.3731.

Short-term downward movement is possible in the corridor 1.3661-1.3648, break of the latter will lead to a deeper movement, the goal here- 1.3629, from this level a key reversal up his pass price will favor the downward movement, in this case the target- 1.3589.

GBP/USD Signal:

For the GBP/USD key levels are 1.6658, 1.6519, 1.6335 and 1.6279. Here January 24, formed the potential for downward movement. Short-term downward movement forward in the corridor 1.6472-1.6434, break of the latter must be accompanied by a pronounced downward movement, the goal here  1.6364 , 1.6364 in the hallway- 1.6335 price consolidation. Potential value for the low level of 1.6279 believe at which pullback up. Short-term upward movement is possible in the corridor 1.6519-1.6543, break of the latter will lead to a deeper correction, the goal here- 1.6593, from this level a key reversal bottom, its passage costs will favor the rising structure, in this case the first target- 1.6658.

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)