Dukascopy Technical Analysis

[MR_ADEL]

EUR/USD
Daily maximum: 1.3338
Daily minimum: 1.3191
The pair tumbled to 1.3191 in the morning and sharply retraced back breaking the resistance at 1.3290. EUR/USD may have a short-term correction to the previous level around 1.3290. Daily Resistance: 1.3290; 1.3310; 1.33533/43. Daily Support: 1.3250; 1.3208; 1.3147.
Daily Bias: Strongly bullish
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EUR/JPY
Daily maximum: 110.54
Daily minimum: 109.18
The pair decreased smoothly to the support level around 109.18/28 and then bounced off, breached the resistance at 109.85 and moved to the 110.23. EUR/JPY is currently consolidating in the range between 110.06 and 110.27 and feasibly will try to test resistance around 110.45. Daily Resistance: 110.45; 111.09, 111.43. Daily Support: 109.85; 109.10/21; 108.60.
Daily Bias: Bullish
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GBP/USD
Daily maximum: 1.5956
Daily minimum: 1.5800
The pair has breached the first daily resistance level at 1.5915 and now is heading towards 1.5963. In case the resistance level at 1.6018 is violated, the pair is expected to extend its rally. Daily Resistance: 1.5963; 1.6018; 1.6059. Daily Support: 1.5757; 1.5708; 1.5651.
Daily Bias: Strongly bullish.


USD/JPY
Daily maximum: 83.00
Daily minimum: 83.55
The yen rallied on Monday versus the greenback supported by better than expected data from the euro zone. The pair is expected to bounce from 83.39 and then fall to support level at 81.87. Daily Resistance: 83.39; 83.83; 85.43. Daily Support: 81.87; 81.43; 80.90.
Daily Bias: Strongly bearish.

USD/CHF
Daily maximum: 0.9136
Daily minimum: 0.9033
The pair fell below the daily pivot point at 0.9094, adding to bearish sentiment. It is now heading to the support level at 0.8985 which, if violated, will open the road towards 0.8954. Daily Resistance: 0.9167; 0.9195; 0.9316. Daily Support: 0.8985; 0.8954; 0.8941.
Daily Bias: Strongly bearish.

[مصطفى خالد]

يا ريت يكون التحليل بناء على شارتات
رغم ثقتى ان شكره قويه زى دى مش هاتنزل الا الخلاصه

[MR_ADEL]

EUR/USD

 Industry outlook
Even though EUR/USD continues to hover just below 1.3291/1.3325, it is expected to move southwards in the nearest future. The initial support is at 1.3140, followed by 1.3130 (55 day sma) and 1.3004

 Traders’ sentiment
The gap between the amounts of bulls and bears on EUR/USD currency pair has widened as is now 12%, since short positions now outnumber the long ones to a slightly larger extent

 Long position opened
While trading this pair, investors should pay attention to the immediate resistance level at 1.3310. If the pair manages to go through this level, further resistances are situated at 1.3353 and 1.3413
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 Short position opened
The immediate support line is at 1.3208. Should the price step even lower, it will encounter subsequent levels at 1.3147 and 1.3105, where recovery might start

.

[رانيا وجدي]

شكرا جزيلا مستر عادل للنقل المفيد بارك الله فيك

ونتمنى ان شاء الله الإستمرارية لهذا الموضوع المميز

[MR_ADEL]

يا ريت يكون التحليل بناء على شارتات
رغم ثقتى ان شكره قويه زى دى مش هاتنزل الا الخلاصه

بإذن الله أخي مصطفي يكون التحليلات مدعومة بالشارت

شكرا جزيلا مستر عادل للنقل المفيد بارك الله فيك

ونتمنى ان شاء الله الإستمرارية لهذا الموضوع المميز

أهلا بك أخت رانيا وتشرفنا بوجودك بالموضوع وبإذن الله يكون الموضوع مفيد للجميع

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[MR_ADEL]

EUR/USD

“If buying of Treasurys gains steam and bond yields fall in the wake of Monday's Bernanke's comments, the dollar could face more pressure against currencies such as the euro

 Industry outlook
Even though the pair is trading slightly above the 1.3291/1.3325 area, it is expected to move southwards in the nearest future as the EU debt risks have not been swept away completely. The initial support is at 1.3291 followed by 1.3192 (55 day sma) and 1.3133

 Traders’ sentiment
Market players maintain bearish tone as the number of sell-orders (65.36%) outnumber buy-orders (34.64%) as investors expect the pair to move downwards


 Long position opened
Investors while placing orders for EUR/USD should be aware of the initial resistance level situated at 1.3418. If the bullish momentum persists, traders might expect the next resistance lines at 1.3481 and 1.3594


 Short position opened
The first support line is based at 1.3242. Should the price commit a deeper bearish correction, the pair will face the next support levels at 1.3129 and 1.3066, where recovery might start

[MR_ADEL]

EUR/USD
Daily maximum: 1.3385
Daily minimum: 1.3319
EUR/USD rallied today and traded above the 1.33 level as German monthly import prices rose more than expected (1.0% act./0.9% est.), causing the daily mean target to breach the 1.3319 level. Daily Resistance: 1.3418; 1.3488; 1.3547. Daily Support: 1.3242; 1.3168; 1.3036. Daily Bias: Strongly bullish.

EUR/JPY
Daily maximum: 110.95
Daily minimum: 110.36
EUR/JPY advanced further and pierced the market participants' daily target at 110.29 after Ben Bernanke's comments yesterday regarding the continuation of loose monetary policy. Daily Resistance: 111.16; 112.68; 116.48. Daily Support: 109.61; 108.03; 101.58. Daily Bias: Strongly bullish.

GBP/USD
Daily maximum: 1.5997
Daily minimum: 1.5943
The British pound moved higher today as the continuation of quantitative easing program will supported the appreciation of the British pound. Daily Resistance: 1.6028; 1.6087; 1.6197. Daily Support: 1.5855; 1.5783; 1.5710. Daily Bias: Strongly bullish.

USD/JPY
Daily maximum: 83.23
Daily minimum: 82.64
USD/JPY moved upwards today as Japan's Nikkei 225 paired 20% losses from last year quake and nuclear disaster. Daily Resistance: 83.08; 83.65; 85.25. Daily Support: 82.44; 81.53; 77.55. Daily Bias: Neutral.

USD/CHF
Daily maximum: 0.9052
Daily minimum: 0.9017
USD/CHF inched higher today as the UBS consumption indicator revealed deterioration in consumer sentiment in Switzerland. Daily Resistance: 0.9102; 0.9219; 0.9252. Daily Support: 0.8988; 0.8925; 0.8883. Daily Bias: Strongly bearish.

[MR_ADEL]

[MR_ADEL]

EUR/USD
"The euro area’s debt crisis is “almost over"
- Italian Prime Minister Mario Moni (based on Bloomberg)
The pair is attempting to advance further and it is likely to test the 7-month high at 1.3457.

EUR/JPY
"The yen move is driven by supply and demand before the final exchange-rate fixing of the fiscal year. […] I think we’ll start to see some rise in demand to buy JPY"
- Mizuho Corporate Bank Ltd. (based on Bloomberg)
EUR/JPY is holding bullish impetus while recovering from the 20-day average at 108.97.

GBP/USD
"Tesing that level is very much on the cards, but having said that, front-end sterling rates are pushing lower this morning and this could be having a bearing on the currency"
- Lloyds TSB (based on Reuters)
GBP/USD has successfully tested the recent high at 1.5992 and the important psychological level at 1.6000 but has not managed to keep for long above it yet. This might be a tough resistance for the market and it is likely to fail and retreat to the 1.5850 level.

USD/JPY
"There is an emerging theme that the dollar is trading more off fundamentals than earlier in the year. That means investors will be more likely to bid the dollar up on posiive U.S. economic news such as the CCI"

The pair still holds above the 82.18 support level and the bullish momentum will remain as fast as this level holds. If the market maintains the bullish momentum, the 83.56 and 84.10 will become the next targets in the short-term.

USD/CHF
"When [the] world looks like a dire place and the investment opportunities around the world look poor, the Swiss are unable to find investment opportuniies abroad and hence the ouflows from Switzerland slow. Meanwhile, the CA inflows coninue and this puts pressure on CHF to appreciate"
- HSBC (based on Bloomberg)
The pair retraced to the 0.9019 (4-month support) level yesterday

[MR_ADEL]

EUR/USD
Daily maximum: 1.3372
Daily minimum: 1.3299
The shared European currency slumped today versus the American dollar as the greenback rose as monthly core durable goods orders rose and were released inline with analysts' forecasts (1.6% act./1.6% est.). Daily Resistance: 1.3364; 1.3488; 1.3547. Daily Support: 1.3291; 1.3168; 1.3036. Daily Bias: Strongly bullish.

EUR/JPY
Daily maximum: 110.91
Daily minimum: 110.17
EUR/JPY rose today as M3 annual money supply in the Euro zone rose more than forecast (2.8% act./2.5% est.). Daily Resistance: 111.22; 112.68; 116.48. Daily Support: 110.31; 108.03; 101.58. Daily Bias: Bullish.

GBP/USD
Daily maximum: 1.5963
Daily minimum: 1.5872
The Cable, as we previously expected, failed to pierce the 1.6000 level and hold it as the UK quarterly GDP shrunk (-0.3% act./-5.4% est.); the outlook for the British economy remains gloomy. Daily Resistance: 1.5985; 1.6087; 1.6197. Daily Support: 1.5927; 1.5783; 1.5710. Daily Bias: Bullish.

USD/JPY
Daily maximum: 83.17
Daily minimum: 82.61
The Japanese yen depreciated versus the US dollar further as investors cheered an increase in monthly core durable goods orders. Daily Resistance: 83.48; 84.93; 88.83. Daily Support: 82.73; 81.53; 77.55. Daily Bias: Neutral.

USD/CHF
Daily maximum: 0.9069
Daily minimum: 0.9017
USD/CHF continued trading in a flat trend as investors were not convinced by monthly durable goods orders (2.2% act./3.0% est.). Daily Resistance: 0.9063; 0.9149; 0.9252. Daily Support: 0.9026; 0.8995; 0.8883. Daily Bias: Strongly bearish

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