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RTFX Daily Forex Market comments : 02/01/2013


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#1 ⇑ Haut ⇑ 01-02-2013 08:30:56

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RTFX Daily Forex Market comments : 02/01/2013

EUR – USD   
Current rise should end around 1.3586 or 1.3601. Objectives of this downmove are 1.3548 or 1.3518. A rise above 1.3624 is again bullish.   

USD – CHF   
It should try higher up to 0.9110 - 0.9122. Entry point 0.9099 or 0.9088. After this rise, a correction is expected.   

GBP – USD   
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5894 or 1.5896 if support around 1.5836 hold. After which a pullback to 1.5836 - 1.5816 zone is possible.   

USD – JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 91.88 or 92.07 if support around 91.41 hold. After which a pullback to 91.41 - 91.23 zone is possible.   

NZD – USD   
Uptrend is still intact. It should continue to rally to 0.8464 or 0.8505 if supports at 0.8385 - 0.8366 area hold. Stop loss below 0.8347.   

AUD – USD
It should test 1.0441 area after which a sell off down to 1.0386 or extended to 1.0348 area is expected.   

EUR – JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 125.11 or 125.08 if support around 124.04 hold. After which a pullback to 124.04 - 123.75 zone is possible.   EUR-JPY Analysis »    Low: 124.4    High: 124.78

EUR – CHF   
Current fall is near an end of wave around 1.2329 zone, a rally should then procede to above 1.2383. Fall below 1.2303 would cancel this scenario.   

EUR – GBP   
Our preferred outlook is for a drift down to 0.8546 or below 0.8530. Resistances are at 0.8563 and 0.8570. A rise above 0.8587 would delay but not abort this expected fall.   

EUR – CAD   
It looks more likely that it would rise to 1.3602 from 1.3531 or 1.3500. After which a downside move is expected.   

EUR – NZD   
It looks more likely that it would rise to 1.6261 from 1.6154 or 1.6117. After which a downside move is expected. 

EUR – AUD   
Should test support at 1.2985 while below 1.3025. If support at 1.2985 holds it can rise up to 1.3070, if not it should fall to below 1.2946 zone.   

GBP – CHF   
It should test 1.4475 area after which a sell off down to 1.4383 or extended to 1.4336 area is expected.   

GBP – JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 146.17 or 146.15 if support around 144.80 hold. After which a pullback to 144.80 - 144.44 zone is possible.   

GBP – CAD   
There are initial signs of a good corrective recovery towards 1.5848 or even 1.5866. Supports at 1.5804 and 1.5777 zone. 

GBP – AUD   
One move lower to 1.5162 or 1.5112 is anticipated while below 1.5223 - 1.5248 area. Stop loss above 1.5284 zone.   

CAD – JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 92.04 or 92.48 if support around 91.47 hold. After which a pullback to 91.47 - 91.21 zone is possible.   

NZD – JPY   
It should try higher up to 76.96 - 77.36. Entry point 76.56 or 76.34. After this rise, a correction is expected.

AUD – JPY   
It should try higher up to 95.63 - 96.09. Entry point 95.18 or 94.94. After this rise, a correction is expected.   

XAU – USD   
There is bearish potential for a fall to 1654.10 while 1667.51 - 1672.27 resist. After this fall a recovery up to 1672.27 or 1677.02 is expected.

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