You are not logged in.
- Trader, Analyst and webmaster for Forex-Tribe
- Registered: 07-12-2008
- Posts: 30905
- Reputation : 2
Share this topic :
RTFX Daily Forex Market comments : 01/29/2013
AUD – USD
Market should hold major support at 1.0369 before rising towards 1.0436 or even 1.0456 limit.
EUR – USD
Supports at 1.3440 and 1.3428 should hold the downward correction . After which a big upmove could occur . Stop loss below 1.3428 limit.
USD – CHF Preferred outlook is for a drift down to below 0.9236. Resistances are at 0.9262 and 0.9271.A rise above 0.9278 would delay but not abort this expected fall. U
GBP – USD
One more dip to 1.5685 - 1.5651 is likely followed by a grind higher to 1.5740 - 1.5762. After which it can resume its downtrend.
USD – JPY
Preferred view is for a fall to 90.71 - 90.53 while 91.05 - 91.21 area resists. A clear break of 91.58 would be bullish.
USD – CAD
Our preferred outlook is for a drift down to 1.0049 or below 1.0036. Resistances are at 1.0063 and 1.0075. A rise above 1.0088 would delay but not abort this expected fall.
NZD – USD
Market should hold major support at 0.8254 before rising towards 0.8376 or even 0.8413 limit.
EUR – JPY
Preferred view is for a fall to 121.94 - 121.61 while 122.58 - 122.90 area resists. A clear break of 123.55 would be bullish.
EUR – CHF
Decline should be supported around 1.2439 - 1.2414 zone for rally to above 1.2501. A clear break of 1.2414 will damage this expected rally.
EUR – GBP
One move lower to 0.8540 or 0.8506 is anticipated while below 0.8580 - 0.8597 area. Stop loss above 0.8620 zone.
EUR – CAD
Our preferred outlook is for a drift down to 1.3517 or below 1.3494. Resistances are at 1.3540 and 1.3556. A rise above 1.3579 would delay but not abort this expected fall.
EUR – NZD
Should test support at 1.6061 while below 1.6136. If support at 1.6061 holds it can rise up to 1.6225, if not it should fall to below 1.5986 zone.
EUR – AUD
Should test support at 1.2886 while below 1.2917. If support at 1.2886 holds it can rise up to 1.2953, if not it should fall to below 1.2855 zone.
GBP – CHF
Market should not go lower than 1.4478. After this move down it should go up to 1.4614 area.
GBP – JPY There is bearish potential for a fall to 141.86 while 142.93 - 143.29 resist. After this fall a recovery up to 143.29 or 143.66 is expected.
GBP – AUD
Market should not go lower than 1.5065 - 1.5035. After this move down it should go up to 1.5111 - 1.5127 area.
CAD – JPY
It should be subject to more sell off towards 89.78 or 89.29. Corrective upward swings should face resistance around 90.56 area. A break of 91.10 is bullish.
NZD – JPY
It may attempt a test higher to 76.00 - 76.32 after which weakness may set it to a drift down to 75.13 limit.
AUD – JPY
It should be subject to more sell off towards 94.15 or 93.66. Corrective upward swings should face resistance around 94.80 area. A break of 95.52 is bullish.
XAG – USD
It may meet resistance in 30.87 - 30.95 zone for a drift down to 30.67 zone, after which bounce to 31.15 is anticipated.
XAU – USD
Current fall is near an end of wave around 1651.28 zone, a rally should then procede to above 1661.65. Fall below 1646.53 would cancel this scenario.