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 Signal For Today: AUD/USD chart

AUD/USD Chart

FOREX Signal Today:
Sharp increase in AUD/USD prices on RBA Rate statements. AUD/USD while forming reverse H&S, has increase 1.6%. Next resistance to look for is 0.8920 which is FIBO 23.6% level as well.

EUR/JPY FOREX Trading Recommendation For Today: 21st Jan '14

Browse by EUR / JPY and the forecast for January 21.

Brief formed today wave picture for this instrument: a dominating major down wave of 27 December YTD formation of the counter correction irregular in shape . Movement at the time of the analysis is not complete.

By now it is clear that the current from the beginning of yesterday mezhdnevnoe bullish move is the final part of the unfinished upward wave correction.

The nearest resistance zone yesterday was pushed through, becoming a support area.

On the next trading session, expect a continuation of yesterday's mood until the next resistance zone . Counter price spikes are not waiting below the nearest support area.

Support area:- 141.40/15

Below today do not wait.

Resistance zone:- 142.20/45-142.80/143.10 (achievement zone within days unlikely)

Above in the day did not expect.

Trading recommendations:

During the day the upward attitude, capacity is limited resistance zones. Deal to sell do not recommend.

FOREX Signal: GBP/JPY Chart Analysis For Today

GBP/JPY Chart Analysis

FOREX Signal Today Dated: 8th Jan '14

GBP/JPY has taken support at lower trendline of the channel to confirm the bullish trend. GBP/JPY gave closeing above 172.220 in yesterday's session. GBP/JPY is good LONG for TP of 30+ pips

Technical Trend for EUR/USD and GBP/USD Today

• EUR/USD Trend.

The bias is bearish in the short term to test the 1.3550 area. Immediate resistance is seen at around 1.3675, break up of the area to bring the price of the neutral zone that leads in the short term to test the 1.3720 area. The main scenario for the trend should be valid, but a break below the bullish channel could be a signal the beginning of a correction scenario be bearish.

• GBP/USD Trend.

The bias is bearish in the short term to test the key support at 1.6340 area. Immediate resistance is seen at around 1.6450 area, break up of the area to bring the price of the neutral zone that leads in the short term to test the 1.6490 area or higher. The main outlook for the bullish should be valid however break down 1.6340 area could be a signal for the beginning of a bearish reversal scenario.

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.