GBP/USD Trend: Key Levels with Fx Signals Today

The currency pair GBP/USD traded with a mixed character last day, bulls after a brief rally subsided, giving the bears come into play. On the daily chart we can see an upward trend with the prerequisites change the current trend. Now in the market hovers between small uncertainty bears and bulls, form mixed candles, quite possibly, the bulls are trying to buy time in order to gain strength and continue.

Development of the plot for the next trading days may be so- it's possible we will continue to observe the formation of the uncertainty of consolidation in the range 1.6440/1.6370. If the price will be able to pass the mark and consolidate above 1.6440, it is likely to expect further movement of the bulls until prices 1.6510.

It is also likely to consider the second and the outcome, if the bears manage to hold below 1.6370 and show interest, increasing short positions, then we can talk about going to the level of 1.6300.

Economic Calendar

• Today, traders should expect a number of important economic news from the U.S.
• 19:00 MSK (17:00 GMT- 2) to give a speech , Fed Chairman Janet Yellen.

Key Levels

Resistance zone: 1.6440-1.6470-1.6600

Support zone: 1.6300-1.6240-1.6100

FOREX Signals For Today

• The purchase of a pair is recommended after accurate fixing prices above 1.6440 , with the prospect of running around to 1.6510.
• Sales for the pair is recommended after a clear price fixing under 1.6370 , with the prospect of progress to the level of 1.6300.

Important Correlations in SPX500, USD/JPY, & UST 10YY with regard to Q1 2014

FOREX Trend

The important thing correlations many merchants and finance institutions tend to be keeping track of revolve across the several areas. Your several areas that were remarkably correlated considering that the beginning of your 2014 exchanging calendar year are stocks, YOU treasury yields, happening FOREIGN EXCHANGE. More particularly, you are able to turn to your SPX-

500, UST 10-year yields, and the USDJPY and that is many produce a apparent proxy with regard to risk-on and risk-off market emotion.

Anyone must focus on what's closest thing to at least one as well as -1 displaying an adverse connection. Obviously, any kind of market towards itself could well be 1, to help you throw those out and about with regard to assisting you to build a general look at. However the apparent correlations which might be found (i. e. closest thing in order to 1) tend to be USD/JPY & 10-year yields in. 817 & USDJPY & SPX500 in. 8328 giving that you simply trinity connected with risk-on and risk-off connection.

What this means in order to merchants such as all of us is actually if SPX500 as well as USDJPY is going to make the permanent glimpse greater, we have to visit a crack connected with resistance in the two USDJPY and SPX500 and also YOU Treasury 10-year yields with regard to evidence.

Forex-USD/JPY rises on record current account deficit in Japan

Investing.com - USD/JPY rose during Asian trading after Japan's current account deficit hit a record high in December.

According to the data released by Japan's Ministry of Finance on Monday, country's seasonally adjusted current account

deficit for December widened to JPY638.6 billion from JPY592.8 billion in November.

Japan's YoY Bank Lending, that measures the change in the total value of outstanding bank loans issued to consumers and businesses, remained at 2.3%, as per the figures released by Bank of Japan.

Later in the day more data is expected from Japan as Consumer Confidence Survey will be released at 1400 Tokyo (0500 GMT) followed by January Economy Watchers' Survey at 1500 (0600 GMT).

The consumer confidence index fell 1.2 points to a seasonally adjusted 41.3 in December, posting the first drop in two months after a 1.3-point rise to 42.5 in November and a 4.2-point slump to 41.2 in October.

USD/JPY Today

Economy Watchers' Survey, the index for the current economic climate rose to a seven-month high of 55.7 in December from 53.5 in November. Markets are expecting it to go down to 55.5 in December.

USD/JPY rose 0.16% at 102.49, AUD/USD fell 0.09% at 0.8950 while NZD/USD fell 0.12% at 0.8285.

On Friday, the dollar slid after the Department of Labor said the U.S. economy added 113,000 jobs in January, well below expectations for jobs growth of 185,000, after December's lackluster gain of 75,000 jobs.

It was the weakest two-month stretch of job creation in three years as inclement weather contributed to a slowdown in hiring.

Yet the report also showed that the number of people participating in the labor force edged up to 63% from a 30-year low of 62.8% last month, while the unemployment rate unexpectedly ticked down to a five year low 6.6% from 6.7% in December.

Article Source: Investing.com

FOREX News For Today: USD/CAD Trend for 7th Feb

On Thursday, the market continues to consolidate , despite a day earlier published data according to preliminary estimates the number of new jobs created in January. According to estimates of the agency ADP, the number of new jobs is not even reached the level of 180 thousand expected by analysts , and it turned out to 5 thousand less than expected . Foreign exchange market did not react to a significant decrease in this indicator . Apparently players prefer to wait for the official statistics, which will be published next Friday , and act according to circumstances .

Today, in turn, gave players another interesting news. So , the EU is planning to consider the possibility of increasing maturity Greece with its debt and reduce the interest rate debt. According to economists, the repayment period can be extended by almost half. Such news would seem to have had much to cheer bidders , but this did not happen . It seems that the market currently lacks a serious driver for growth. Well, maybe an event such as the opening of the Olympic Games to inspire players some positive wave , and we finally see the long-awaited end of the correction , which is now observed in all world markets.

Technical Analysis.

USD/CAD

Lateral movement of the pair USD / CAD 1.1050 levels between 1.11 and continues until the couple can not break through the resistance or support to resume what or movement. CCI and MACD oscillators are trading higher today, giving a buy signal pairs. Cascade of moving averages is almost on par with a pair of quotes. Today we follow the old advice- purchases above $ 1.11 and sales below 1.1050. Targets for purchases- resistance levels 1.1150 and 1.12, stop below 1.1050. Sales targets for the levels of 1.0985 and 1.0925 support. Stop the sale should be above 1.11 resistance.

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.

GBP/JPY and EUR/USD Technical Trend Today

GBP/JPY Technical Trend Today

The pair managed to recover the dead day cross the line which currently are the major resistance (170.69 Tenkan, Kijun 171.25). Initially, this cross is weak because there is no confirmation from the other elements of Ichimoku-emerging cloud bullish, the pair is above the clouds in a bullish zone , Chinkou not yet broken through the price chart. If you manage to cross the goal and settle up, then we can expect the players to increase again will attempt to develop a retreat from the weekly Tenkan (170.29) and cut correctness.

Idea and development opportunities for senior events Halves fully converge and combine with the testimony of the younger half. Scenario of upward movement can be described as - breakdown clouds H1 (SSB 170.69)-cloud computing, H4-H4 sample clouds (SSA 171.37) and fluorescent Cross ( 171.25 ) - formed to work toward goals at halftime breakdown clouds junior-senior halftime continuation of the trend.

EUR/USD Trend Today

Today EUR/USD has support and resistance at 1.3625 and 1.3717. The rate is accompanied by strong support at 1.3612 and by 1.3730 as strong resistance. If EUR/USD breaks out and closes below the 1.3603 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3739 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3638 and at 1.3704, a SELL position. In this case both targets should be placed at the level of 1.3671.

FOREX Trend Today: British Pound Shown Bull Trend

The British pound again pleased investors in a quiet market . Excellent data on unemployment in November (7.1% vs. 7.4% in October and 7.3% forecast) British pulled up by 100 points. Played a role, and speculation about an early increase in interest rates by the Bank of England. In particular, Citigroup suffered a forecast increase in rates from the 2nd quarter of 2015 to the 4th quarter of 2014. These rumors also put pressure on the stock market- the British FTSE100 closed the day down 0.12%. But there has not been without affecting the U.S. stock market.

Large companies such as IBM, Bancorp, Advanced Micro Devices and United Technologies showed a decline in quarterly profit and pulled the entire market. As a result, Dow Jones fell by 0,25%, S & P500 closed the day up 0.07%. Stock market week goes on and this fact indicates true sentiment- waiting for the Fed meeting on January 29. In this situation, the potential for further growth of cable exhausted. 

AUD/USD Chart Today: FOREX Day Trading Trend

AUD/USD Chart Today

FOREX Day Trading Trend Today:
Reverse Head & Shoulder pattern observed in AUD/USD. AUD/USD is expected to remain bullish for this week.Next resistance to look for is 0.8940

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

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 Technical Analysis For GBP USD Today: 9th Jan

Technical Analysis for GBP USD

Still the currency of ownership in a weak trading since yesterday against the U.S. dollar , which is dominated by uncertainty of the outcome of the FOMC today and also the results of the change in private sector jobs , and we expect the pair to decline towards levels of 1.6340 to rise again to about the levels of 1.6469 , a level of 50% retracement of the downside wave from 1.6600 but remains bullish trend is dominating the pair as long as the top line of the main trend in white at the bottom of the screen

The general trend of a medium-term : bullish

Key resistance levels : 1.6437 and 1.6469

Key support levels : 1.6372 and 1.6336