2012-11-14 Free Forex Signal

EUR/USD intraday: rebound.

Pivot: 1.2675.
Our preference: LONG positions above 1.2675 with 1.2735 & 1.2755 in sight.
Alternative scenario: The downside penetration of 1.2675 will call for 1.2655 & 1.2635.
Comment: the pair has validated a falling wedge and should post further advance.



GBP/USD intraday: bullish bias above 1.5855

Pivot: 1.5855.
Our preference: LONG positions above 1.5855 with 1.5905 & 1.5925 in sight.
Alternative scenario: The downside breakout of 1.5855 will open the way to 1.583 & 1.5815.
Comment: the pair above its new support and is posting a rebound.


USD/JPY intraday: caution.

Pivot: 79.65.
Our preference: SHORT positions below 79.65 with targets @ 79.3 & 79.15.
Alternative scenario: The upside breakout of 79.65 will open the way to 79.8 & 80.1.
Comment: the pair is rebounding and is challenging its resistance, caution.




EUR/JPY intraday: rebound.

Pivot: 100.7
Our preference: Long @ 100.78 with targets @ 101.35 & 101.75 in extension.
Alternative scenario: Below 100.7 look for further downside with 100.4 & 100.1 as targets.
Comment: the pair remains on the upside and should post further advance as the RSI is well directed.




GBP/JPY intraday: rebound.

Pivot: 125.9
Our preference: Long @ 126.05 with targets @ 126.6 & 126.9 in extension.
Alternative scenario: Below 125.9 look for further downside with 125.6 & 125.4 as targets.
Comment: the pair is rebounding and is approaching its next resistance.



AUD/USD intraday: bullish bias above 1.0395.

Pivot: 1.0395
Our preference: Long positions above 1.0395 with targets @ 1.0475 & 1.0495 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.0355 & 1.0325 as targets.
Comment: the RSI is bullish and calls for further upside.



Cac 40 (Nov 12) intraday: rebound expected.

Pivot: 3370
Our preference: LONG positions above 3370 with 3442 & 3472 as next targets.
Alternative scenario: The downside penetration of 3370 will call for a slide towards 3342 & 3300.
Comment : A double-bottom pattern is taking shape.

Dax (Dec 12) intraday: rebound expected.

Pivot: 7075
Our preference: LONG positions above 7075 with 7195 & 7235 as next targets.
Alternative scenario: The downside penetration of 7075 will call for a slide towards 7020 & 6980.
Comment: the RSI is mixed to bullish.

forex free signal 2012/11/14

EUR/USD intraday: under pressure.

Pivot: 1.2715.
Our preference: SHORT positions below 1.2715 with 1.267 & 1.2635 in sight.
Alternative scenario: The upside penetration of 1.2715 will call for a rebound towards 1.2735 & 1.2775.
Comment: the pair stands below its resistance and remains under pressure.



GBP/USD intraday: under pressure.

Pivot: 1.5890.
Our preference: SHORT positions below 1.589 with 1.585 & 1.583 as next targets.
Alternative scenario: The upside penetration of 1.589 will call for 1.5925 & 1.5965.
Comment: the pair stands below its resistance and remains under pressure.




USD/JPY intraday: under pressure.

Pivot: 79.60.
Our preference: SHORT positions below 79.6 with targets @ 79.15 & 79.05.
Alternative scenario: The upside breakout of 79.6 will open the way to 79.8 & 80.1.
Comment: the pair remains under pressure and is approaching its previous low.




EUR/JPY intraday: the downside prevails.

Pivot: 101
Our preference: Short positions below 101 with targets @ 100.4 & 100.1 in extension.
Alternative scenario: Above 101 look for further upside with 101.35 & 101.75 as targets.
Comment: the RSI has broken down its 30 level.


GBP/JPY intraday: the downside prevails.

Pivot: 126.35
Our preference: Short positions below 126.35 with targets @ 125.6 & 125.4 in extension.
Alternative scenario: Above 126.35 look for further upside with 126.6 & 126.9 as targets.
Comment: a break below 125.6 would trigger a drop towards 125.4.


AUD/USD intraday: caution.

Pivot: 1.0395
Our preference: Long positions above 1.0395 with targets @ 1.0445 & 1.0475 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.0355 & 1.0325 as targets.
Comment: the break above 1.0395 is a positive signal. However, technical indicators are losing upside momentum, this calls for caution.




Cac 40 (Nov 12) intraday: rebound expected.

Pivot: 3370
Our preference: LONG positions above 3370 with targets @ 3442 & 3472.
Alternative scenario: The downside breakout of 3370 will open the way to 3342 & 3300.
Comment : the RSI is negative but supported by a strong support.



Dax (Dec 12) intraday: rebound expected.

Pivot: 7130
Our preference: LONG positions above 7130 with targets @ 7235 & 7280.
Alternative scenario: The downside breakout of 7130 will open the way to 7070 & 7020.
Comment: the RSI is negative but supported by a strong support.

Free Forex overview 2012/01/16(london and New york session)

Technical Analysis

EUR
"In this sort of environment it does not take much to knock the euro, it is in an extremely vulnerable position"
- Rabobank (based on Reuters)
The outlook for EUR/USD will remain negative as long as a cluster of resistances at 1.2913/20 (downtrend and 20 day ma) stays in place. Currently the pair is moving toward 1.2530/88, while a long-term target is 1.2083 (200 month ma).

USD
"The Greek situation is quite dire. If they don’t reach some sort of agreement by the end of next week, they may very likely be forced in to a hard default"
- Forex.com (based on Bloomberg)
EUR/JPY has declined down to new 11-year lows. While being capped by a formidable resistance located at 98.75/80 the bias will be bearish for the pair, which in turn is expected to fall to 94.90, through supports at 96.15 and 95.90/40.

GBP
"We think the BoE will do more quantitative easing in February and that will weigh on bullishness in sterling"
- RBS (based on Reuters)
After a short-term weakness, GBP/USD currency couple has managed to form a base ahead of support at 1.5272. Additional support is provided by a key level located at 1.5145. Rallies are unlikely to be able to extend beyond 1.5408 and 1.5500.

CHF
"Strong November data [from Japan] comes as a relief, bolstering confidence in the expansionary capex trend"
- Societe Generale SA (based on Bloomberg)
TBeing that USD/JPY was rather calm the preceding week, it is now expected to attempt to pierce through 77.69 o nce more. Subsequent resistances are at 78.59 (200 day ma) and 79.56 (55 week ma). Supports may be found at 76.60 and 76.52.

JPY

"The inflation outlook provides the Fed with some wiggle room. While growth remains uneven, manufacturing activity has been resilient"
- State Street Global Markets LLC (based on Bloomberg)
USD/CHF has finished its downward corrective move and is now expected to commence advancing, being supported by a strong level at 0.9364/17. At first the pair is anticipated to reach 0.9595, while being en route to 0.9774 in the longer term.

free Forex signal 2012/01/16(New york and london session)

Dukascopy Fundamental Analysis

EUR/USD

"The more time passes ... the more we see signs it [three year refinancing operation] has been an effective policy measure"
- Mario Draghi, the ECB president
The European Central Bank’s 489 billion euros allotted among euro area banks at a record rate of one per cent are supporting the region’s economy, said the ECB president on Thursday.

EUR/JPY
"You get better job growth, people hear about it and you get better sentiment and better spending"
- Maury Harris, chief economist at UBS Securities LLC
U.S. consumer sentiment rose to eight-month high in January as Americans became more confident on the outlook for the economy. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment advanced to 74 from 69.9 at the end of the previous month.

GBP/USD

"The trend [in producer inflation] is moving in the right direction, and this will contribute to lower consumer price inflation in 2012"
- David Kern, chief economist at the British Chambers of Commerce
U.K. producer output prices fell in December for the first time since June 2010, as input prices eased 0.6 per cent. Factory gate prices dropped 0.2 per cent from November, the Office for National Statistics announced on Friday.

USD/CHF

"Bond sales in Italy and France, because the countries have more problems, will offer more of a guide for the market"
- Arnaud Scarpaci, a fund manager at Agilis Gestion SA
Swiss stocks closed lower on Friday on concern some euro area countries may be downgraded by Standard & Poor’s in the next few days. These expectations were proven to be justified later that day.

free Forex signal 2012/01/16

EUR/USD intraday: under pressure.

Pivot: 1.2715.

Our Preference: SHORT positions below 1.2715 with targets @ 1.26 & 1.256.

Alternative scenario: The upside penetration of 1.2715 will call for a rebound towards 1.275 & 1.279.

Comment: the pair stands below its new resistance and remains under pressure.

GBP/USD intraday: under pressure.

Pivot: 1.5330.

Our Preference: SHORT positions below 1.533 with 1.527 & 1.523 in sight.

Alternative scenario: The upside penetration of 1.533 will call for 1.5365 & 1.541.

Comment: the pair is rebounding but stands below its resistance.

USD/JPY intraday: rebound expected.

Pivot: 76.75.

Our Preference: LONG positions above 76.75 with 77.05 & 77.25 in sight.

Alternative scenario: The downside breakout of 76.75 will open the way to 76.55 & 76.35.

Comment: the pair is pulling back on its support ahead of a rebound.

EUR/JPY intraday: the downside prevails.

Pivot: 97.65

Our preference: Short positions below 97.65 with targets @ 96.9 & 96.55 in extension.

Alternative scenario: Above 97.65 look for further upside with 98 & 98.3 as targets.

Comment: the pair stands below its new resistance and remains under pressure.

Free Forex signal (2012/01/04 New york and landon session)

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Fundamental Analysis
EUR
"Germany's manufacturing and export-driven economy finished the year strongly - piling on another 22,000 jobs in December"
- Anthony Cheung, market analyst at RANsquaw
Unemployment in Europe’s largest economy decreased by 22 thousand people in December to a seasonally adjusted rate of 6.8 per cent, the lowest since 1991, said the Federal Statistical Office of Germany on Tuesday.

USD
"It’s good to know that purchasing managers are feeling a bit better about the economic backdrop"
- Tom Porcelli, chief U.S. economist at RBC Capital Markets Corp.
U.S. manufacturing activity accelerated in December, bolstered by growth in orders and production.

GBP
"Some sectors within manufacturing are still growing relatively strongly"
- Lee Hopley, chief economist of EEF
U.K. manufacturing sector contracted modestly in November, according to the data published by the Markit agency on Tuesday.

CHF
"It’s still too early for euphoria"
- Stefan Angele, head of investment management at Swiss & Global Asset Management Ltd.
Swiss stocks edged higher on Tuesday after a report showed U.S. manufacturing sector accelerated at the fastest pace in half a year in December.

JPY
"We’ll probably see more headwinds from EuropeSwiss stocks edged higher on Tuesday after a report showed U.S. manufacturing sector accelerated at the fastest pace in half a year in December"
- Pauline Dan, chief investment officer at Samsung Asset Management
Japanese banks were closed on Monday in observance of the Bank Holiday.

Free Forex signal (2012/01/04 New york and landon session)

Fundamental Analysis

EUR
"Germany's manufacturing and export-driven economy finished the year strongly - piling on another 22,000 jobs in December"
- Anthony Cheung, market analyst at RANsquaw
Unemployment in Europe’s largest economy decreased by 22 thousand people in December to a seasonally adjusted rate of 6.8 per cent, the lowest since 1991, said the Federal Statistical Office of Germany on Tuesday.

USD
"It’s good to know that purchasing managers are feeling a bit better about the economic backdrop"
- Tom Porcelli, chief U.S. economist at RBC Capital Markets Corp.
U.S. manufacturing activity accelerated in December, bolstered by growth in orders and production.

GBP
"Some sectors within manufacturing are still growing relatively strongly"
- Lee Hopley, chief economist of EEF
U.K. manufacturing sector contracted modestly in November, according to the data published by the Markit agency on Tuesday.

CHF
"It’s still too early for euphoria"
- Stefan Angele, head of investment management at Swiss & Global Asset Management Ltd.
Swiss stocks edged higher on Tuesday after a report showed U.S. manufacturing sector accelerated at the fastest pace in half a year in December.

JPY
"We’ll probably see more headwinds from EuropeSwiss stocks edged higher on Tuesday after a report showed U.S. manufacturing sector accelerated at the fastest pace in half a year in December"
- Pauline Dan, chief investment officer at Samsung Asset Management

Japanese banks were closed on Monday in observance of the Bank Holiday.

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Free Forex signal (2012-01-04)

Technical Analysis

EUR/USD
"Generally we stick to the view that rallies in the euro should be sold into"
- UBS (based on CNBC)
The currency pair has overcome an accelerated downtrend and is now facing 20 day ma located at 1.3080.

EUR/JPY

"Signs of a pick-up in the pace of growth are certainly supporting the pick-up in risk-seeking among investors"
- Bank of Tokyo-Mitsubishi (based on Reuters)
Current rally of EUR/JPY is not expected to surpass a strong resistance line at 102.55.

GBP/USD
"The idea that GBP is a safe haven; people have done that as a sort of reflex because they are concerned about the euro but they are glossing over potential problems in the UK"
- BAM (based on Reuters)
In order to gain bullish momentum the Cable will have to pass through 1.5736 (55 day ma) and 1.5743, although the likelihood of such event is presently minimal.

USD/JPY
"Decision to release interest-rate plans could mean less volatility in markets"
- T. Rowe Price (based on WSJ)
After being repelled by a resistance at 78.08, USD/JPY carries on edging lower.

USD/CHF
"Concerns about the global economic future are receding"
- SMBC Nikko Securities Inc. (based on Bloomberg)

Being supported by 0.9244, 0.9148 (55 day ma) and 0.9058, the currency pair is anticipated to repeat its attempt to break above 0.9548/49. Concerns about the global economic future are receding

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Free Forex signal(2012/01/04)

Fundamental Analysis

EUR
Greece will be forced to exit the Euro Zone in case it fails to agree with the EU, private bondholders and the IMF on the second bailout worth 130 billion euros, said Pantelis Kapsis, government's official. The country may default in case the deal is not concluded till March when the country has to make bond payments.

USD
The EU countries have to solve the debt crisis using their own efforts, said Mitt Romney, Republican U.S. presidential candidate. The US has an interest in preventing the Euro Zone's collapse but the major responsibility for avoiding the recession should remain on the EU leaders, he added.

GBP
UK manufacturing activity contracted in December but at lower rate than in previous months. The Markit/CIPS purchasing managers index increased to 49.6 from 47.7 in November. Analysts expected the PMI to approach 47.3 in December. The improvement is inspiring but, taken the pessimism over the Euro Zone's economy and weaker domestic demand, the prospects of the UK manufacturing remain uncertain, said David Noble, the CEO of Chartered Institute of Purchasing and Supply.

CHF
Swiss stocks (SMI) rose to their highest level since July as investors awaited a report that may show U.S. manufacturing expanded in December at the fastest pace in six months. Health-care companies led gains, with Roche Holding AG (ROG) and Novartis AG (NOVN) climbing more than 1 percent. Adecco SA (ADEN) jumped 3.1 percent after agreeing to buy Japan’s VSN Inc., a staffing- services company. UBS AG (UBSN) and Credit Suisse Group AG (CSGN), Switzerland’s largest lenders, added at least 2.2 percent.

JPY
Asian stocks (MXAPJ) rose, with a regional gauge heading for a three-week high, as manufacturing growth from Australia, China and India added to optimism the region’s economies will withstand Europe’s sovereign-debt crisis.

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Forex Free signal (2012/01/03)

Technical Analysis

EUR/USD
Daily maximum: 1.3058
Daily minimum: 1.2935
EUR/USD edged skyrocketed today after touching the daily mean forecast at 1.2938 after German unemployment declined more than expected. Daily Resistance: 1.2964; 1.2994; 1.3018. Daily Support: 1.2910; 1.2886; 1.2856. Daily Bias: Bearish.

EUR/JPY
Daily maximum: 100.12
Daily minimum: 99.55
The shared European currency attempted to break through the 100 level on more-than-forecast German employment data, remaining the daily target at 99.54 untapped for now. Daily Resistance: 99.79; 100.14; 100.35. Daily Support: 99.23; 99.02; 98.67. Daily Bias: Bearish.

GBP/USD
Daily maximum: 1.5624
Daily minimum: 1.5506
GBP continues recovering previous weekly losses after hitting the daily market participants’ forecast consensus (1.5508) on strong UK Manufacturing PMI (49.6 vs. 47.4 estimate). Daily Resistance: 1.5546; 1.5583; 1.5622. Daily Support: 1.5470; 1.5431; 1.5394. Daily Bias: Strongly bearish.

USD/JPY
Daily maximum: 76.96
Daily minimum: 76.65
The Japanese yen strengthened today as the EU debt woes continue to worry investors. The daily forecast mean at 76.95 has been approached. Daily Resistance: 77.09; 77.29; 77.41. Daily Support: 76.77; 76.65; 76.45. Daily Bias: Bearish.

USD/CHF
Daily maximum: 0.9400
Daily minimum: 0.9316

The daily market forecast mean at 0.9391 remained intact today as the SVME PMI index showed the Swiss economy shows resilience to the global economic slowdown, thus the pair moved downwards. Daily Resistance: 0.9418; 0.9440; 0.9469. Daily Support: 0.9367; 0.9338; 0.9316. Daily Bias: Neutral.

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Forex Overview (2012/01/03 Morning)Forex Free Signal

Fundamental Analysis

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EUR
"We'll need to see, but it's possible that we have gone over the 8 percent mark"
- Luis de Guindos, Economy Minister
Spain’s public deficit for 2012 may exceed iniial esimate of 8 per cent of the gross domesic product, said the economy minister on Monday, fuelling concerns the economy faces a prolonged period of contracion.

USD
"It’s the year I’d like to forget because of all the tumult in the markets"
- Brian Jacobsen, chief porfolio strategist at Wells Fargo Advantage Funds
U.S. banks were closed on Monday in observance of New Year’s Day.

GBP
"This will be the year Britain sees the world and the world sees Britain"
- David Cameron, U.K. Prime Minister
The U.K. government plans to do more to help the economy recover, said Prime Minister David Cameron on Monday. It will also use the London Olympic Games to show what the country can achieve despite turbulent times.

CHF
"Volumes are relatively quiet"
- Ken Polcari, a managing director at ICAP Plc’s e quities unit
Swiss banks were closed on Monday in observance of New Year’s Day.

JPY
"Japan’s markets suffered from multiple negative factors that other countries didn’t face, such as the earthquake and the yen’s strength"
- Takashi Aoki, fund manager at Mizuho Asset Management Co.
Japanese banks were closed on Monday in observance of the Bank Holiday.

Forex Overview (2012/01/03 Morning)Forex Free Signal

Technical Analysis

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EUR/USD
"We remain negative about the euro"
- Swissquote Bank SA (based on Bloomberg)
EUR/USD has rebounded from 1.2860, as bearish momentum was not able to penetrate the support.

EUR/JPY
"There's still a lot of pressure on the euro. This is driving many to safer assets and currencies, like the Japanese yen"
- Danske Bank (based on Reuters)
While being capped by resistances located at 100.77 and a key one at 102.55, the focus remains on the downside.

GBP/USD
"Sterling performs better because the Bank of England is being proactive, and no one is stopping it from doing more QE if that's what it requires"
- ING (based on Reuters)
Succeeding advancement of the pair up to 1.5737/73 (formed by a cluster of supports, including 55 day ma), the bias is expected to turn bearish.

USD/JPY
"For the first half of 2012 the dollar continues to look appealing"
- ETX Capital (based on Bloomberg)
Rallies are currently prevented by a string of tough resistances situated at 78.08, 78.92 (200 day ma) and at 80.00.

USD/CHF
"The safe-haven function of the dollar is still alive. The dollar will be strong in 2012"
- Deutsche Bank AG (based on Bloomberg)
For the time being USD/CHF currency pair is likely to continue hovering just below 0.9548/49.

Free Forex overview (2012/0102)Afternoon

Fundamental Analysis/Free Forex signal

EUR
The pair remains under pressure as more analysts predict the new year to be extremely challenging for the Eurozone. There is 99% probability that the single currency will not exist over the next 10 years, the CEBR expert reported. According to the CEBR forecast, the Britain economic growth will contract in the Q1 of 2012.

USD
Hiring in US probably advanced in December extending increase for a second straight month, said economists questioned by Bloomberg. According to median forecast, payrolls soared to 150 000 in December compared to 120 000 in November. Labor Department will issue data on January 6.

GBP
David Cameron today serves notice that the economy faces another tough – and possibly worse – year as he admits that Britain may only win a temporary respite from the crisis in the eurozone. As Angela Merkel and Nicolas Sarkozy warn of a bleak year ahead, the prime minister uses his new year message to declare that Britain can only secure "some protection" from the "debt storms".

CHF
The Swiss franc rose against a majority of its most-traded counterparts as Europe’s debt crisis spurred demand for safety.

JPY
Manufacturing expanded in India and China in December, indicating Asia’s fastest-growing major economies have so far withstood the fallout from Europe’s sovereign debt crisis.

“The figures from today show we’re absolutely not seeing a hard landing,” said Andreas Rees, an economist at UniCredit Markets & Investment Banking in Munich. “There’s no massive uncertainty shock around the globe that’s weighing heavily on investment activity.”

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forex Free overview (2012/02/02)Free Forex Signal

Technical Analysis(Free Forex Signal)

EUR/USD
Daily maximum: 1.2971
Daily minimum: 1.2922
The pair started New Year with breaching the daily forecast mean at 1.2946 and slipping lower after the EU manufacturing output contracted for the fifth month in a row. Daily Resistance: 1.2992; 1.3043; 1.3087. Daily Support: 1.2897; 1.2853; 1.2802. Daily Bias: Bearish.

EUR/JPY

Daily maximum: 99.81
Daily minimum: 99.44
The euro continued trading in a bearish trend after the manufacturing output shrank for the fifth consecutive month, trading below 100.00 on Monday. Daily Resistance: 100.28; 101.10; 101.51. Daily Support: 99.05; 98.64; 97.82. Daily Bias: Strongly bearish.

GBP/USD
Daily maximum: 1.5542
Daily minimum: 1.5476
The British pound moved downwards today after the UK Prime Minister David Cameron said the economy is vulnerable to the EZ turmoil; the daily market participants’ mean target (1.5509) has been breached. Daily Resistance: 1.5601; 1.5672; 1.5772. Daily Support: 1.5430; 1.5330; 1.5259. Daily Bias: Strongly bearish.

USD/JPY
Daily maximum: 77.10
Daily minimum: 76.90
USD/JPY added to losses today as investors bought safe-haven yens against USD as investors flee to the Japanese currency on debt woes, causing the daily target at 77.07 to breach. Daily Resistance: 77.44; 78.02; 78.31. Daily Support: 76.57; 76.28; 75.70. Daily Bias: Strongly bearish.

USD/CHF

Daily maximum: 0.9411
Daily minimum: 0.9353

The daily market forecast mean at 0.9383 has been pierced on fears the EU economy might commit a recession spreading to the US. Daily Resistance: 0.9426; 0.9470; 0.9512. Daily Support: 0.9340; 0.9298; 0.9254. Daily Bias: Neutral.

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To day My forex Analisis(Free Forex Signal)2012/01/02

Fundamental Analysis(Forex Free Signal)

EUR
"Spain is currently benefiting from the perception among investors that its problems are less severe than Italy’s"
- Nicholas Spiro, managing director of Spiro Sovereign Strategy
Spain’s new conservaive government announced Friday 8.9 billion euros ($11.54 billion) in austerity measures in 2012, with the budget shorfall of 8 per cent of gross domesic product, well above a target of 6 per cent.

USD
"We can still have a decent year here in the U.S. even with the rest of the world slowing down"
- John Ryding, chief economist at RDQ Economics
Rising consumer confidence, decrease in unemployment claims and better retail sales indicate the U.S. economy is gaining steam, despite hurdles in Europe and much of the rest of the world.

GBP
"Should the euro-zone crisis fail to ease over the coming months or even deteriorate further, this could well lead the U.K. economy to suffer significant contraction"
- Howard Archer, an economist at IHS Global Insight
U.K. month on month house prices edged lower 0.2% in December, said the Naionwide Building Society on Friday, as the debt crisis in Europe undermines consumer confidence and pushes up unemployment.

CHF
"Volumes are relatively quiet"
- Ken Polcari, a managing director at ICAP Plc’s equities unit
Swiss stocks closed little changed on Thursday after Italian bond auction and amid low trading volume on the market.

JPY
"Japan’s markets suffered from multiple negative factors that other countries didn’t face, such as the earthquake and the yen’s strength"
- Takashi Aoki, fund manager at Mizuho Asset Management Co.
Japanese stocks gained on Friday led by signals the U.S. economy is recovering. The Nikkei 225 advanced 0.67%, or 56.46 points, to 8,455.35, while the broader Topix grew 0.90%, or 6.49, to 728.61

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To day My forex Analisis(Free Forex Signal)2012/01/02

Technical Analysis (Free Forex Signal)

EUR/USD

"Anti-euro bets are justified given the still-unresolved debt crisis and the poor growth prospects"
- Travelex Global Payments (based on CNBC)
The Euro - American Dollar pair is hovering below a tough resistance at 1.3000, while a key level is located at 1.3100/56.

EUR/JPY
"If the euro is going to be salvaged the market needs an injection of faith over the next few weeks. The Italian and Spanish auctions are key"
- Bank of New York Mellon (based on Reuters)
A close below 100.00 implies extension of the current dip, which may last up until 98.40 is contacted. However, this support is anticipated to hold the downward pressure and send the currency pair back up.

GBP/USD
"The UK's AAA rating is not as robust as it may otherwise be, but relatively, it stands out as a better credit than Europe"
- ING (based on Reuters)
Near-term outlook for GBP/USD is bearish. To overcome present weakness the pair has to pierce through a key resistance located at 1.5560/70.

USD/JPY
"While indicators point to some improvement in overall [US] labor market conditions, the unemployment rate remains elevated"
- FOMC (based on Bloomberg)
A breach of 77.00 is likely to trigger further sell off. At the moment USD/JPY is heading toward initial support zone at 76.65/50, while a subsequent area is at 76.22/15.

USD/CHF
"There’s still a very high level of unemployment despite the improvement that we’re seeing. There’s still a long way to go [for the US economy]"
- Credit Suisse (based on Bloomberg)

As long as the currency couple is supported by a strong area situated at 0.9350/60, the bias remains bullish.

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