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RTFX Daily Forex Market comments : 02/26/2013


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#1 ⇑ Haut ⇑ 26-02-2013 08:26:41

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RTFX Daily Forex Market comments : 02/26/2013

EUR – USD   
There is bearish potential for a fall to 1.2967 while 1.3143 - 1.3191 resist. After this fall a recovery up to 1.3191 or 1.3238 is expected.   

USD – CHF   
It should trade higher to 0.9363 or above 0.9404 in extention. Supports at 0.9276 and 0.9256. Stop loss below 0.9190 zone. 

GBP – USD   
It should try higher up to 1.5181 - 1.5212. Entry point 1.5150 or 1.5125. After this rise, a correction is expected.   

USD – CAD   
One move lower to 1.0229 or 1.0197 is anticipated while below 1.0269 - 1.0286 area. Stop loss above 1.0310 zone.

NZD – USD   
It looks more likely that it would rise to 0.8397 - 0.8455 from 0.8331 or 0.8303. After which a downside move is expected.   

AUD – USD   
While above 1.0254 - 1.0229 zone a corrective upmove could test 1.0293 or 1.0307. After which it should resume its downtrend.

EUR – JPY   
There is bearish potential for a fall to 119.36 - 117.41 while 121.32 - 122.58 resist. After this fall a recovery up to 122.58 or 123.84 is expected. 

EUR – CHF   
There is bearish potential for a fall to 1.2167 - 1.2114 while 1.2220 - 1.2252 resist. After this fall a recovery up to 1.2252 or 1.2284 is expected.   

EUR – GBP   
It is a triangle configuration. Market should break either side. Acceleration should occur above 0.8815 or under 0.8602 limits. 

EUR – CAD   
Preferred view is for a fall to 1.3402 - 1.3327 while 1.3515 - 1.3554 area resists. A clear break of 1.3703 would be bullish.   

EUR – AUD   
There is bearish potential for a fall to 1.2706 - 1.2636 while 1.2775 - 1.2825 resist. After this fall a recovery up to 1.2825 or 1.2874 is expected.

GBP – CHF   
Market should hold major support at 1.3920 before rising towards 1.4208 or even 1.4282 limit.   

GBP – JPY   
Market should not go lower than 138.57 - 137.16. After this move down it should go up to 141.02 - 142.05 area.   

GBP – CAD   
It should trade higher to above 1.5628 while 1.5496 - 1.5462 offer support. Stop Loss below 1.5363 zone.   

GBP – AUD   
It should test 1.4919 area after which a sell off down to 1.4675 or extended to 1.4569 area is expected.   

CAD – JPY   
Market should not go lower than 89.01 - 87.93. After this move down it should go up to 90.87 - 91.64 area.   

NZD – JPY   
There is bearish potential for a fall to 75.43 while 77.23 - 77.81 resist. After this fall a recovery up to 77.81 or 78.39 is expected.

XAG – USD   
Current upmove should be ended around 29.13 - 29.31. Any correction consolidation should find support in 28.79 - 28.64 zone.

XAU – USD   
Uptrend is still intact in a triangle configuration. It should continue to rally to 1599.12 or 1601.95 if support around 1588.63 hold. After which a pullback to 1588.63 - 1584.40 zone is possible.

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