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RTFX Daily Forex Market comments : 01/31/2013


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#1 ⇑ Haut ⇑ 31-01-2013 08:26:09

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RTFX Daily Forex Market comments : 01/31/2013

NZD JPY
It looks set for gains to 76.45. Supports at 75.82 and 75.66. A break of 75.18 will damage this bullish structure. 

EUR USD   
Currently uptrend should end around 1.3627 - 1.3609 area. A correction down to below 1.3504 is expected. A rise above 1.3651 will abort the expected correction. 

USD CHF   
Market should not go lower than 0.9039. After this move down it should go up to 0.9192 area.

GBP USD    Current rise seems to be over near 1.5809 or 1.5836 for a retracement towards 1.5781 - 1.5763 area.

USD JPY   
While below 91.44 it is more likely to fall further towards 91.05 or 90.87 level. 

USD CAD   
Preferred outlook is for a drift down to below 0.9980. Resistances are at 1.0013 and 1.0025. A rise above 1.0033 would delay but not abort this expected fall.   

NZD USD   
It may attempt a test higher to 0.8377 - 0.8404 after which weakness may set it to a drift down to 0.8305 limit. 

AUD USD   
There is bearish potential for a fall to 1.0387 while 1.0431 - 1.0446 resist. After this fall a recovery up to 1.0446 or 1.0462 is expected.   

EUR JPY   
Currently uptrend should end around 124.25 - 124.20 area. A correction down to below 122.62 is expected. A rise above 124.82 will abort the expected correction.

EUR CHF   
Market should not go lower than 1.2350 - 1.2313. After this move down it should go up to 1.2410 - 1.2432 area. 

EUR GBP   
Current rise should end around 0.8610. Objectives of this downmove are 0.8560 or 0.8533. A rise above 0.8633 is again bullish.   

EUR CAD   
Strength can extend to 1.3613 or even 1.3650 as declines are expected to find support at 1.3576 or 1.3544. Stop Loss below 1.3512 zone. 

EUR NZD   
Strength can extend to 1.6295 or even 1.6370 as declines are expected to find support at 1.6220 or 1.6151. Stop Loss below 1.6081 zone.   

EUR AUD   
Current rise seems to be over near 1.3034 or 1.3088 for a retracement towards 1.2981 - 1.2948 area.

GBP CHF   
Market should not go lower than 1.4376 - 1.4321. After this move down it should go up to 1.4466 - 1.4501 area.   

GBP JPY   
Current rise should end around 144.45. Objectives of this downmove are 143.14 or 142.36. A rise above 144.99 is again bullish.   

GBP CAD   
Current upmove should be ended around 1.5842 - 1.5868. Any correction consolidation should find support in 1.5792 - 1.5769 zone.   

GBP AUD   
Current rise seems to be over near 1.5178 or 1.5227 for a retracement towards 1.5129 - 1.5100 area. 

CAD JPY   
While below 91.09 - 91.27 it is more likely to fall further towards 90.76 or 90.61. Premature rise above 91.27 could see it rising above 91.57 zone.   

AUD JPY   
There are initial signs of a good corrective recovery towards 95.17 or even 95.34. Supports at 94.79 and 94.56 zone.

XAG USD   
Strength can extend to 32.15 or 32.45 as declines are expected to find support at 31.64 or 31.43. A fall below 30.84 could turn it bearish.

XAU USD   
Strength can extend to 1680.53 or 1686.40 as declines are expected to find support at 1670.03 or 1665.41. A fall below 1653.66 could turn it bearish.   

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