You are not logged in.
#1 ⇑ Haut ⇑ 28-02-2013 08:27:37
- Bruno
- Trader, Analyst and webmaster for Forex-Tribe

- Registered: 07-12-2008
- Posts: 20740
- Reputation : 2
- Website
Share this topic :
RTFX Daily Forex Market comments : 02/28/2013
EUR – USD
Current rise seems to be over near 1.3143 or 1.3177 for a retracement towards 1.3109 - 1.3090 area.
USD – CHF
Market should not go lower than 0.9291 - 0.9277. After this move down it should go up to 0.9314 - 0.9324 area.
GBP – USD
It should be subject to more sell off towards 1.5098 or 1.5036. Corrective upward swings should face resistance around 1.5212 area. A break of 1.5250 is bullish.
USD – JPY
It looks set for gains to 92.74. Supports at 91.69 and 91.44. A break of 90.64 will damage this bullish structure.
USD – CAD
Our preferred outlook is for a drift down to 1.0213 or below 1.0196. Resistances are at 1.0229 and 1.0245. A rise above 1.0261 would delay but not abort this expected fall.
NZD – USD
It should test 0.8322 area after which a sell off down to 0.8241 or extended to 0.8205 area is expected.
AUD – USD
It should test 1.0268 area after which a sell off down to 1.0195 or extended to 1.0158 area is expected.
EUR – JPY
It should trade higher to 122.02 while 120.62 or 120.20 offers support. Stop loss below 119.78 zone.
EUR – CHF
Currently uptrend should end around 1.2228 - 1.2242 area. A correction down to below 1.2173 is expected. A rise above 1.2270 will abort the expected correction.
EUR – GBP
Currently uptrend should end around 0.8690 - 0.8689 area. A correction down to below 0.8633 is expected. A rise above 0.8712 will abort the expected correction.
EUR – CAD
Current rise seems to be over near 1.3454 or 1.3477 for a retracement towards 1.3432 - 1.3413 area.
EUR – NZD
One move lower to 1.5805 or 1.5736 is anticipated while below 1.5902 - 1.5937 area. Stop loss above 1.6000 zone.
EUR – AUD
While below 1.2858 - 1.2890 it is more likely to fall further towards 1.2801 or 1.2776. Premature rise above 1.2890 could see it rising above 1.2939 zone.
GBP – CHF
Market should hold major support at 1.4045 before rising towards 1.4125 or even 1.4158 limit.
GBP – JPY
It looks set for gains to 140.47. Supports at 138.99 and 138.67. A break of 137.51 will damage this bullish structure.
GBP – CAD
There is bearish potential for a fall to 1.5454 while 1.5522 - 1.5548 resist. After this fall a recovery up to 1.5548 or 1.5575 is expected.
GBP – AUD
It looks more likely that it would rise to 1.4879 - 1.4944 from 1.4786 or 1.4754. After which a downside move is expected.
CAD – JPY
It looks set for gains to 90.73. Supports at 89.45 and 89.17. A break of 88.17 will damage this bullish structure.
NZD – JPY
Market should hold major support at 75.39 before rising towards 76.84 or even 77.35 limit.
AUD – JPY
It should trade higher to 94.98 or above 95.58 in extention. Supports at 93.67 and 93.37. Stop loss below 92.37 zone.
XAG – USD
Bullish reaction to above 29.34 is anticipated from 29.01 - 28.94 zone. Stop loss below 28.77 zone.
XAU – USD
While above 1594.84 - 1588.15 zone a corrective upmove could test 1605.99 or 1610.46. After which it should resume its downtrend.

