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Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s employment figures USD Index 79.50 provides a stable barrier to the upside; sellers are probably waiting on the sideline, in case of a rally in the next

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The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1762, which will be followed by reaching resistance level 1770 and then 1787. An downtrend will start as soon as the pair drops below support level 1747, which will be followed by moving down to support level 1730. Resistances: 1762, 1770, 1787 Supports: 1747, 1738, 1730

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The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5790, which will be followed by reaching resistance level 1.5955. An downtrend will start as soon as the pair drops below support level 1.5790, which will be followed by moving down to support level 1.5665 - 1.5620. Resistances: 1.5835, 1.5955 Supports: 1.5790, 1.5620

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The pair is trading along an sideways trading pattern. An uptrend will start from support level 1.3080 and as soon, as the pair rises above resistance level 1.3160, which will be followed by moving up to resistance level 1.3215 and then 1.3345. An downtrend will start as soon as the pair drops below support level 1.3080, which will be followed by moving down to support level 1.2980 and then 1.2890 - 1.2815. Resistances: 1.3160, 1.3215, 1.3345 Supports: 1.3080, 1.2980, 1.2815

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Good morning everyone. Yesterday's forecasts were in line with the markets throughout the day. EURUSD held strong twice. Today, I'm expecting the same mixed sentiments as yesterday with the US Dollar. Please be cautious today as its NFP (Non Farm Payroll) News release today. Expect swings. I'm adding some pairs as hedged currency pairs to offset the trading risk today. Currency Outlook US Dollar : Mixed Sentiments Short : EURUSD Today we're expecting the EURUSD to proceed Short below the

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BIAS : It looks like we'll see 76.35-42 again before lower MAIN ANALYSIS : A drift lower yesterday but stalling above the 76.02 low and from there a modestly firmer move higher that looks pretty much as if we'll see price recycle to the 76.35-42 area again. From there the next move lower to 75.55-76 should develop. COUNTER ANALYSIS : Only a direct break above 76.42 would test the 76.64 pivot resistance… However, only above the 76.77 high would trigger firmer gains with the 77.30 pivot

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The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1747, which will be followed by reaching resistance level 1760 - 1766. An downtrend will start as soon as the pair drops below support level 1744, which will be followed by moving down to support level 1730. Resistances: 1760, 1768 Supports: 1747, 1740, 1738, 1730

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The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5790, which will be followed by reaching resistance level 1.5900 - 1.5955. An downtrend will start as soon as the pair drops below support level 1.5790, which will be followed by moving down to support level 1.5665. Resistances: 1.5900, 1.5955 Supports: 1.5790, 1.5665

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The pair is trading along an sideways trading pattern . An uptrend will start from support level 1.3080 and as soon, as the pair rises above resistance level 1.3215, which will be followed by moving up to resistance level 1.3345 - 1.3420. An downtrend will start as soon as the pair drops below support level 1.3080, which will be followed by moving down to support level 1.2980 and then 1.2890 - 1.2815. Resistances: 1.3215, 1.3345, 1.3420 Supports: 1.3080, 1.2980, 1.2890, 1.2815

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The outcome of any serious research can only be to make two questions grow where only one grew before. ~ Thorstein Veblen Good morning. Dollar is back down retesting weekly bottom ahead of tomorrow’s NFP Report. USD Index 79.50 remains intact and provided a stable resistance point in the last 3 days. Judging by how things look now, I think there’s a good chance to test 78 soon EURUSD Recent decline to 1.3025/50 was corrective and upside is back in focus, so it’s time to keep an eye on

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Good morning everyone. Yesterday's market ended up pushing through during the US Session. EURJPY was able to capture the entire move. Today, I'm expecting mixed sentiments for the US Dollar. I'm adding several pairs as a hedge to one another. Correlation trading today would not be recommended. Conservative traders stand aside. Currency Outlook US Dollar : Mixed Sentiments Short : EURUSD Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.31665 and 1.32094.

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BIAS : This seems to be on track for the 1.0806-23 area - possibly higher - but take care at 1.0740-52 first MAIN ANALYSIS : The rally has remained cranky and choppy but did reach the 1.0737-54 projection area from where we have seen a correction. The question now is whether we see direct follow-through higher or a day of sideways consolidation. At most I feel the 1.0680 pivot support should hold and the upside risk remains. I do tend to prefer a more direct route higher but take care until

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Good morning everyone. The markets have been swinging drastically from session to session lately. Today, I'm expecting the US Dollar to gain strength overall. However, I am adding some pairs to the hedged currency pairs list to offset the trading risk today. Conservative traders, continue to stand aside. Currency Outlook US Dollar : Strong Short : EURUSD Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.31129 and 1.30665. Fundamental Watch - Retail Sales y/y -

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01 Feb 2012 04:09GMT... INTRA-DAY USD/JPY OUTLOOK - 76.19 Although dlr's sideways trading abv y'day's low at 76.14 wud continue n as long as said sup holds, another bounce to 76.30 is seen, abv 76.41/42 res needed to signal recent decline has possibly formed a temp. low there n yield gain to 76.55. Exit long n stand aside. On the downside, only below 76.05 wud abort daily bullish prospect of dlr

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INTRA-DAY USD/JPY OUTLOOK    Although dlr has remained under pressure after staging a minor recovery fm y'day's 76.14 low to 76 .30, as long as said sup holds, another bounce is still likely n abv 76.30 wud yield stronger gain to 76.41 n possibly twd 76.55 after consolidation.    Trade fm long side, stop as indicated n only be- 76.05 wud abort n may extend marginally to 75.95. Range Forecast 76.15 / 76.35 Resistance/Support R: 76.41 / 76.55 / 76.90 S: 76.14 / 75.95 / 75.33

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BIAS : It's now very important for this to rally else expect stronger losses MAIN ANALYSIS : The upside resistance didn't work but yesterday's low stalled just below the 99.60 support - at 99.53. This now looks critical. I'd still prefer one more rally but we must break above the 99.95-00 pivot resistance to provide the energy for extension through 100.39 towards yesterday's 100.88 high. This is likely to cause a pullback but not last too long and then for follow-through above 101.40-50 and

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DAILY STRUCTURE 31st January : The 78.28 high held the pullback in a flat correction and the lack of alternation in the subsequent decline is pointing towards a much stronger extension lower. Overall this tends to point to Wave (c) of Wave (v) now under development with the high risk ending at the 94.4% projection in Wave (c) and 38.2% in Wave (v) at 70.90. On the way note the 198.4% projection in Wave -iii- at 72.41. However, we first need to navigate the end of Wave -a- of Wave -iii-.

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BIAS : This remains complicated with several corrective structures possible but I don't see the 1.5757-79 area breaking yet… MAIN ANALYSIS : No move higher yesterday but a messy pullback. I'm now expecting the worst in terms of complexity in a corrective pattern. Unfortunately this opens up a variety of alternatives and we'll have to tick them off as each breaks down. First of all there is resistance at 1.5720-29. If this caps the risk will be for a triangle that should then trigger losses

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The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1747, which will be followed by reaching resistance level 1700 and then 1782. An downtrend will start as soon as the pair drops below support level 1718, which will be followed by moving down to support level 1700 and then 1682. Resistance: 1747, 1787 Support: 1718, 1700, 1682

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The pair is trading along an uptrend. An downtrend will start from curren levels, which will be followed by moving down to support level 1718 and then 1707 - 1700. Resistances: 1729, 1735, 1747 Supports: 1718, 1707, 1700, 1682

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The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5820 and then 1.5900. An downtrend will start as soon as the pair drops below support level 1.5665, which will be followed by moving down to support level 1.5535. Resistance: 1.5710, 1.5820, 1.5900 Support: 1.5665, 1.5620, 1.5535, 1.5425, 1.5355

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The pair is trading along an sideways trading pattern. The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5820. An downtrend will start as soon as the pair drops below support level 1.5665, which will be followed by moving down to support level 1.5535. Resistances: 1.5710, 1.5820 Supports: 1.5665, 1.5620, 1.5535

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The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.3230, which will be followed by reaching resistance level 1.3345 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3520. An downtrend will start as soon as the pair drops below support level 1.3120, which will be followed by moving down to support level 1.2980. Resistances: 1.3230, 1.4435, 1.3520 Supports: 1.3120, 1.2980,

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The pair is trading along an uptrend. An downtrend will start from current levels, which will be followed by moving down to support level 1.2980. The uptrend may be expected to continue in case the market rises above resistance level 1.3230, which will be followed by reaching resistance level 1.3345. Resistances: 1.3230, 1.3345 Supports: 1.3120, 1.2980

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The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region’s debt crisis and sign off a permanent rescue fund for the eurozone. Here’s a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it’s a good idea to keep an eye on it if dollar’s recovery continues EURUSD 4hrs chart still looks quite bullish as the

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Good morning everyone. As we approach the end / beginning of each month we need to stay cautious for swings. Reports for 2012's data will start releasing for here on out. Today, I'm expecting the US Dollar to weaken, however with the strength of the market on Friday, there is a strong possibility the markets will further drop (gain US Dollar Strength). If this is the scenario, a cross to the other side of the blue zones will trigger a change in direction. Conservative traders, stand aside.

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BIAS : This should see a pullback to 0.9184-01 before lower to the 0.9080 target MAIN ANALYSIS : Price stalled perfectly in the 0.9221-28 resistance to extend losses below the 0.9187 pivot support to finally reach the 0.9114 level. Allow for 0.9111 but overall I feel today should see a pullback higher that could be quite deep, initially to the 0.9155-61 area for a correction and after a small correction we should see the recovery extend to the 0.9184-01 area. From here I see potential for

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The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1715, which will be followed by reaching resistance level 1744. An downtrend will start as soon as the pair drops below support level 1715, which will be followed by moving down to support level 1700. Resistances: 1744 Supports: 1715, 1700, 1682

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The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5790 - 1.5820. An downtrend will start as soon as the pair drops below support level 1.5620, which will be followed by moving down to support level 1.5535. Resistances: 1.5710, 1.5790, 1.5820 Supports: 1.5665, 1.5620, 1.5535

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The pair is trading along an uptrend. The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1.3230. An downtrend will start as soon as the pair drops below support level 1.3050, which will be followed by moving down to support level 1.2980. Resistances: 1.3230 Supports: 1.3095, 1.3050, 1.2980, 1.2875

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Good morning everyone. Yesterday's market did not retrace enough to the forecasts but did end up going in the right direction. Made a good move on the EURJPY. I'm still expecting the retracement to happen. Today, I forecasting for the US Dollar to gain some strength. I'm adding the Oceanic pairs to the hedged currency pairs list to offset the trading risk today. Currency Outlook US Dollar : Strong Short : EURUSD Today we're expecting the EURUSD to proceed Short below the barrier levels of

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INTRA-DAY USD/JPY OUTLOOK    Although dlr briefly penetrated y'day's NY low of 77.29 to 77.27 on renewed cross-buying of yen, intra-day minor rebound suggests consolidation with mild upside bias wud be seen n abv 77.56 wud signal pullback fm 78.28 (Wed) possibly over, 77.65/67.    Hold long for this move n only below 77.27 may extend decline fm 78.28 to 77.08/10 b4 recovery. Range Forecast 77.30 / 77.55 Resistance/Support R: 77.67 / 77.85 / 77.96 S: 77.27 / 77.08 / 76.87

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BIAS : While 1.3074 (max 1.3055) supports I look for a move above 1.3183-97 to 1.3247-62 MAIN ANALYSIS : We didn't get the earlier correction lower yesterday but more direct gains that stalled at the low end of the 1.3183-97 resistance . This has clarified the structure a lot better and should now see the 1.3055-74 area (and I favor 1.3074) support for a renewed attack on the 1.3197 high and then to the 1.3247-62 area - favor the higher but take care. This projection should trigger 150-200

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The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1700, which will be followed by reaching resistance level 1713, 1722 and then 1734. An downtrend I'm not expecting now. Resistances: 1713, 1722, 1734 Supports: 1700, 1682

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The pair is trading along an uptrend. The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1.5790. An downtrend will start as soon as the pair drops below support level 1.5620, which will be followed by moving down to support level 1.5535. Resistances: 1.5790, 1.5900 Supports: 1.5665, 1.5620, 1.5535

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The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.3095, which will be followed by reaching resistance level 1.3230. An downtrend will start as soon as the pair drops below support level 1.3050, which will be followed by moving down to support level 1.2980 and then 1.2875. Resistances: 1.3230 Supports: 1.3095, 1.3050, 1.2980, 1.2875

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Good morning. Dollar’s decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it’s not a good idea to buy dips but rather consider new selling opportunities with stops above former support zone and/or yesterday’s high. EURUSD The breakout scenario mentioned  yesterday

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Good morning everyone. Yesterday's forecasts did end up holding to the market. I had mixed sentiments in the chatroom and also got mixed results. Today, I'm expecting the market to retrace before further weakening the US Dollar. I'm not adding any pairs to the hedged currency pairs list to offset the trading risk today. Currency Outlook US Dollar : Weak Long : EURUSD Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.29395 and 1.29794. Fundamental Watch - Core

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INTRA-DAY USD/JPY OUTLOOK    Although dlr has traded narrowly in Tokyo after y'day's strg retreat fm a near 2-mth high of 78.28 to as low as 77.56 in NY session n further sideways move is expected, as long as said o/n low holds,   another bounce is seen but 78.00 wud cap upside.    Buy dlr on dips with stop below 77.56, however, reckon 77.34 (prev. res) shud remain intact. Range Forecast 77.65 / 77.85 Resistance/Support R: 77.96 / 78.29 / 78.40 S: 77.56 / 77.34 / 77.08

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BIAS : While 1.3129 caps there is risk of a correction to 1.3032-43 before the upside resumes… MAIN ANALYSIS : We saw the correction first that stalled between the 1.2925-53 area and then extended gains. There is a small risk of a minor new high around 1.3129 but overall I feel a correction is due before the next leg higher. This should see losses to around 1.3075-85 initially - and could even provide the base for the new rally. However, also be aware of the 1.3032-43 support. From this broad