Market Outlook From Traders-trust.com

[TF2012]

Market News 14 JAN 2013

Currencies EUR/USD The dollar has sunk to more than a 10 month low against the Euro, losing 0.3 percent and reaching its lowest since the 29^th of February 2012 at 1.3404 dollars.

USD/JPY The yen reached its lowest level against the dollar since the 25^th of June 2010 at 89.67 per dollar, the yen suffered a 5 percent fall from last week, and traded at 89.60 at 5:58 am London time.

AUD/USD The Australian dollar gained against most other currencies including the dollar, it reached 1.0557 dollars at 4:45 pm Sydney time a 0.2 percent increase.

GBP/USD The British pound fell against the US dollar, as it has struggled against most of its counterparts. The pair lost 0.06 percent and traded at 1.6122

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[TF2012]

Technical Analysis 11 Jan 2013

The EUR/USD pair closed above 1.3292 resistance, and is expected to aim higher in the near term, at around 1.3400. the pair would be tested with 1.3107 if further downside penetration of the support figure occurs. A retracement would probably call for formidable support from the 1.3246 figure.

Support levels: 1.3325 1.3290 1.3240

Resistance levels: 1.3370 1.3405 1.3450

A decline on the 1.6100 session was caused when the GBP/USD pair closed below the 1.6168 resistance barrier. It is expected for the pair to move back towards 1.6200 since it has not moved any lower yet.

Support levels: 1.6100 1.6065 1.6020

Resistance levels: 1.6170 1.6200 1.6240

Expectations for the USD/JPY pair to gain an extension higher towards 100 are even bigger as the pair rose above the 89.00 resistance barrier. A corrections would possibly lead to support by the 87.92 level, or the 87 barrier.

Support levels: 89.35 89.00 88.70 8

Resistance levels: 89.65 90.00 90.30

The AUD/USD pair spiralled down to 1.0500 support, as it failed to close above the 1.0600 round figure. It is expected that the pair will gain an extension through until 1.0456 support, since their low close broke the 1.0563 support figure key to any chance of moving upward again.

Support levels: 1.0520 1.0490 1.0460

Resistance levels: 10550 1.0600 1.0660

[TF2012]

Market News 16 JAN 2013

Currencies EUR/USD The euro has had an alarming 8.4 percent gain against the euro over the past 6 months. It traded at 1.3306 dollars at 5 pm New York time, a 0.6 percent decrease, that is after it touched its highest in almost a year on the 14^th of January with 1.3404 dollars.

USD/JPY The yen has had a two day gain, and in fact its highest in eight months. After its 0.8 percent gain yesterday it gained an extra 0.7 percent today and reached 88.19 per dollar, at 6:55 am London time.

AUD/USD The Australian dollar fell against the U.S. dollar and traded at 83.93 U.S. cents, dropping from yesterday’s 83.97. Earlier this week the Australian dollar was boosted when Federal Reserve chairman Ben Bernanke said he expects the central bank to continue its bond buying program.

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[TF2012]

Technical Analysis 16 Jan 2013

The EUR/USD pair found its self at a drop through near term support by the 1.3350 figure. Expectations are that the pair well fall further until it reaches the 1.3200 psychological support. Difficult resistance will await at the 1.3400 round figure if there is any retracement higher.

Support Levels 1.3118 1.3190 1.3250

Resistance Levels 1.3382 1.3454 1.3514

The GBP/USD pair stalled right after 1.6035, after moving through the break of 1.6100 support. It is still expected for the figure to fall towards 1.5991 support. Barriers at 1.6116 would be seen if a positive correction happened.

Support Levels 1.6033 1.5999 1.5965

Resistance Levels 1.6101 1.6135 1.6169

The USD/JPY pair fell through the 89.00 handle, without passing the 90 handle resistance. It is expected that the pair will suffer more decline, and reach the support by the 88.00 figure. If the pair declines even further, it could expect to reach the 86.97 barrier.

Support Levels 88.20 87.56 86.83

Resistance Levels 89.56 90.29 90.93

The AUD/USD pair may be facing a fall to support at 1.0503 in the near term, after failing to move positively on the 1.0600 round figure during its session.

Support Levels 1.0534 1.0506 1.0487

Resistance Levels 1.0581 1.0600 1.0628

[TF2012]

Technical Analysis 17 Jan 2013

EURUSD established support at 1.3265, disposal to a bout of consolidation on the session. Any face corrections at now can target resistance at the 1.3403 Jan ordinal session high. Declines towards 1.3140 support stay break in to an opening of current support.

Support Levels 1.3185 1.3221 1.3255

Resistance Levels 1.3325 1.3361 1.3395

Falling on the session, GBPUSD is currently testing support via the 1.6000 psychological figure. an additional shut below would precipitate a decline to 1.5928. Any converse retracement ought to see formidable resistance at 1.6100.

Support Levels 1.5851 1.5913 1.5958

Resistance Levels 1.6065 1.6127 1.6172

USDJPY control a bearish tone on the session, dipping to a low of 87.79. However, the pair has closed higher than the 88.29 support, disposition to some upper side potential. buyers can possible see hard resistance at 89.47.

Support Levels 86.75 87.27 87.85

Resistance Levels 88.96 89.48 90.06

Stalling on the session, AUDUSD didn't create a positive move the 1.0600 spherical figure. The failure to advance on the barrier is likely to prompt the major currency to dip to initial support at 1.0503 within the close to term.

Support Levels 1.0490 1.0511 1.0541

Resistance Levels 1.0592 1.0613 1.0643

[TF2012]

Market News 17 JAN 2013

Currencies EUR/USD The dollar has gained against its counterparts since yesterday. The euro rose to 1.3297 dollars. The EUR/USD pair lost 0.09 percent and fell to 1.3293. The pair is expected to find support at 1.3037, and resistance at 1.3403.

USD/JPY The yen’s two day gain fell short when it lost 0.3 percent and dropped to 88.64 per dollar at 3:31 pm Tokyo time. The pair lost 0.08 percent in Asian trading and fell to 88.31. Expectations have the bank of Japan adjusting its inflation target to 2 percent, when the two day meeting occurs on January 21.

AUD/USD The Australian dollar fell against most other currencies, and that is mainly due to the high rates of unemployment that the country is suffering. The Aussie lost 0.6 percent and fell to 1.0513 dollars at 5:17 pm Sydney time. The AUD/USD pair also lost 0.63 percent, and fell to 1.0506.

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[TF2012]

Market News 28 JAN 2013

Currencies EUR/USD The U.S. dollar had traded well against most of its peers at the start of this week, and it has gained against Europe’s shared currency, after last week’s loss when the Euro reached its highest level against the dollar since almost a year. The pair gained 0.03 percent trading at 1.3458.

USD/JPY The U.S. dollar gained against most major currencies, and it reached its 2 and a half year high against the Japanese yen. Yesterday at 2:13 pm Tokyo time it traded at 91.03 a yen, adding 0.1 percent from last week. The pair traded at 91.08, gaining 0.18 percent.

AUD/USD The Australian dollar fell against its American peer in trades, although expectations for the Australian currency for this year are still positive. The pair traded at 1.0428 in Asian trading, and is expected to find support at 1.0402 and resistance at 1.0552.

GBP/USD Britain’s struggling currency was low against most of its peers including the U.S. dollar, the pair lost 0.16 percent and traded at 1.5772. It is expected to find support at 1.5747 and resistance at 1.5892.

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[TF2012]

Technical Analysis 28 Jan 2013

EURUSD finally broke through the vary sure channel that has preoccupied the currency pair for the last fortnight. currently higher through 1.3400, the only currency has the potential to understand towards 1.3550 resistance. However, the notion remains captivated with an in depth on top of 1.3477 resistance.

Support Levels 1.3381 1.3299 1.3250

Resistance Levels 1.3512 1.3561 1.3643

Although rebounding off of 1.5766 support, GBPUSD technical bias remains pessimistic. supportive of the notion remains the pair’s inability to rise back on top of the 1.5820 resistance barrier. Next up for bears are 1.5734 support.

Support Levels 1.5757 1.5711 1.5675

Resistance Levels 1.5839 1.5875 1.5921

USDJPY skyrocketed through 90.50 resistance, disposal a apparently perpetual bullishness over the currency pair. afterwards, the move opens scope for an advance on the 92 figure. Any retracement at this time would target the 90.50 support figure.

Support Levels 90.50 89.93 89.58

Resistance Levels 91.43 91.78 92.35

Bearish mercantilism remained intact for the session, suppressing any advances by the dollar. Technically, the try has broken through key support via the 1.0425 figure. The penetration purports additional declines towards 1.0361 support.

Support Levels 1.0384 1.0359 1.0315

Resistance Levels 1.0453 1.0497 1.0522

[TF2012]

Technical Analysis 30 Jan 2013

EURUSD closed higher than 1.3472 resistance on the session, indicative of more bullish momentum within the close to term. As a result, traders can doubtless be eyeing following viable resistance level at 1.3600. Any correction control command trapped by the 1.3407 figure.

Support Levels 1.3353 1.3384 1.3437

Resistance Levels 1.3521 1.3552 1.3605

Finding support via 1.5683, GBPUSD prospects for a bounce higher stay intact. additional extension higher can embody a check of 1.5815 within the short term. an opportunity higher than the resistance barrier would activate expectations towards 1.5900.

Support Levels 1.5614 1.5650 1.5704

Resistance Levels 1.5794 1.5830 1.5884

Resistance at 91.50 remains hovering over GBPUSD value action, disposal a pessimistic bias on the currency. However, the very fact that the key try wasn’t able to shut below the 90.56 Gregorian calendar month twenty eighth session low is decreasing the pessimistic sentiment. search for any short term correction to focus on ninety.

Support Levels 89.67 90.00 90.38

Resistance Levels 91.08 91.41 91.79

AUDUSD bust back through key resistance via the 1.0450 figure, loaning to some short term bullishness on the session. afterwards, the side penetration has to boot opened scope for a move to 1.0500 within the close to term. Any converse correction can possible target the 1.0425 figure.

Support Levels 1.0356 1.0380 1.0424

Resistance Levels 1.0492 1.0516 1.0560

[TF2012]

Market News 30 JAN 2013

Currencies EUR/USD The dollar reached its lowest level against the Euro in over a year; it fell against all but one of the major currencies. At 5 pm New York time it traded at 1.3492 dollars per euro, its weakest level in over a year. The pair traded at 1.3478 a 0.17 percent increase and it is expected to find support at 1.3265 and resistance at 1.3496.

USD/JPY The Japanese yen traded lower than most other currencies. It lost 0.2 percent against the euro and traded at 90.20 per dollar at 2:39 pm Tokyo time. It is expected for the yen to lose up to 4.6 percent against the dollar for the whole of January. The U.S. dollar traded at 90.73 yen.

GBP/USD After a streak of losses the British pound redeemed its five months low against the dollar. The pound gained 0.3 percent and at 4:30 pm London time it traded at 1.5741 dollars. So far this year the British pound is one of the two weakest currencies right above the Japanese yen. The pair traded at 1.5768 this morning, increasing 0.50 percent. It is expected to find support at 1.5673 and resistance at 1.5784.

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[TF2012]

Technical Analysis 31
Jan 2013

Rising higher through the break of 1.3468, EURUSD has opened scope for
associate extension higher towards 1.3615. the present technical run-up still
keeps 1.3771 medium targets intact. Any retracement at now can possible target
the 1.3500 figure.

Support levels: 1.3540 1.3510 1.3480

Resistance levels: 1.3580 1.3620 1.3660

GBPUSD has broken through resistance at 1.5761, disposition to extra side
within the worth action for the short term. However, associatey extent further}
momentum remains addicted to an side penetration of the 1.5822 Gregorian
calendar month fifteenth session low.

Support levels: 1.5785 1.5740 1.5700

Resistance levels: 1.5820 1.5860 1.5900

Resistance at 91.50 remains hovering over GBPUSD worth action, disposal a
pessimistic bias on the currency. However, the very fact that the foremost
combine wasn’t able to shut below the 90.56 Jan twenty eighth session low is
decreasing the pessimistic sentiment. explore for any short term correction to
focus on 90.

Support levels: 90.70 90.30 89.80

Resistance levels: 91.20 91.60 92.00

AUDUSD didn't rise more through 1.0478 resistance, sparking a downward
move towards 1.0400 support within the session. With the combine already
breaking through 1.0447 support, more draw back will be anticipated for the
foremost combine towards 1.0300.

Support levels: 1.0420 1.0380 1.0330

Resistance levels: 1.0470 1.0500 1.0540

[TF2012]

Market News 4 FEB 2013

Currencies EUR/USD The dollar had
mixed successes and losses in its recent trading sessions, but patterns show
that it may find itself at a decline. The European currency and U.S. dollar
pair lost 0.11 percent in Asian trading, and traded at 1.3628.

USD/JPY The
yen broke its streak of loses and gained against the U.S. dollar. It added 0.1
percent and traded at 92.65 per dollar, after touching its weakest level since
May 2010 on the 1^st of February at 92.97. The pair lost 0.01
percent in Asian trading, and traded at 92.78, it is expected to find support
at 91.59 and resistance at 93.63.

AUD/USD The
Australian dollar gained against its American peer, which happened in
correlation with reports that showed that Australian approvals to build new
homes fell last week. The Australian dollar, U.S. dollar pair traded at 1.0426
in Asian trading, a 0.15 percent increase. It is expected to find support at
1.0360 and resistance at 1.0474.

GBP/USD The
British pound rose against the U.S. dollar. The GBP/USD pair traded at 1.5701
in Asian trading, a 0.02 percent increase. It is expected to find support at
1.5689 and resistance at 1.5879.

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