You are not logged in.
- Trader, Analyst and webmaster for Forex-Tribe
- Registered: 07-12-2008
- Posts: 30903
- Reputation : 2
Share this topic :
RTFX Daily Forex Market comments : 03/04/2013
EUR – USD
One more dip to 1.2994 is likely followed by a grind higher to 1.3093. After which it can resume its downtrend.
USD – CHF
While below 0.9448 - 0.9480 it is more likely to fall further towards 0.9392 or 0.9368. Premature rise above 0.9480 could see it rising above 0.9527 zone.
GBP – USD
Market should not go lower than 1.5002 - 1.4940. After this move down it should go up to 1.5102 - 1.5140 area.
USD – JPY
Uptrend is still intact in a triangle configuration. It should continue to rally to 94.13 or 94.03 if support around 93.24 hold. After which a pullback to 93.24 - 93.01 zone is possible.
USD – CAD
There are initial signs of a good corrective recovery towards 1.0307 or even 1.0322. Supports at 1.0267 and 1.0242 zone.
NZD – USD
Market should pop up towards 0.8271 or 0.8289 this bullish scenario would be damaged if 0.8232 - 0.8210 zone is broken, a severe break down could then occur.
AUD – USD
It should register further gains to 1.0233 while 1.0174 - 1.0148 caps downside attempts. Stop loss below 1.0114 zone.
EUR – JPY
It should try higher up to 122.02 - 122.57. Entry point 121.46 or 121.11. After this rise, a correction is expected.
EUR – CHF
Currently uptrend should end around 1.2318 - 1.2306 area. A correction down to below 1.2243 is expected. A rise above 1.2331 will abort the expected correction.
EUR – GBP
It should trade higher to 0.8701 while 0.8655 or 0.8640 offers support. Stop loss below 0.8626 zone.
EUR – NZD
Market should hold major support at 1.5704 before rising towards 1.5847 or even 1.5904 limit.
EUR – AUD
Market should hold major support at 1.2693 before rising towards 1.2812 or even 1.2857 limit.
GBP – CHF
Currently uptrend should end around 1.4191 - 1.4223 area. A correction down to below 1.4101 is expected. A rise above 1.4281 will abort the expected correction.
GBP – JPY
Corrective dips should ideally halt near 139.83 or 139.47 for one more thrust upwards towards 140.73 - 141.27 area or 142.00 in extention. Fall below 138.39 puts it back on a downward path.
GBP – CAD
There is bearish potential for a fall to 1.5352 while 1.5496 - 1.5533 resist. After this fall a recovery up to 1.5533 or 1.5570 is expected.
GBP – AUD
Market should not go lower than 1.4707 - 1.4657. After this move down it should go up to 1.4791 - 1.4825 area.
CAD – JPY
Uptrend is still intact in a triangle configuration. It should continue to rally to 91.23 or 91.65 if support around 90.65 hold. After which a pullback to 90.65 - 90.38 zone is possible.
NZD – JPY
Uptrend is still intact in a triangle configuration. It should continue to rally to 77.56 or 77.58 if support around 76.93 hold. After which a pullback to 76.93 - 76.73 zone is possible.
AUD – JPY
Currently uptrend should end around 95.92 - 95.90 area. A correction down to below 94.71 is expected. A rise above 96.36 will abort the expected correction.
XAG – USD
It should test 28.99 area after which a sell off down to 28.10 or extended to 27.62 area is expected.
XAU – USD
Current fall is near an end of wave around 1564.69 zone, a rally should then procede to above 1587.04. Fall below 1553.68 would cancel this scenario.