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Forex News and Historical market comments

Today's Market Comment | Calendar of Events | Weekly Indicators


February 3, 2012.



EUR-USD
Current upmove should be ended around 1.3170 - 1.3199. Any correction consolidation should find support in 1.3115 - 1.3088 zone.

USD-CHF
It is likely to fall towards 0.9149 - 0.9130 as its corrective rally could falter in 0.9188 - 0.9207 area. Stop above 0.9246 zone.

GBP-USD
Decline should be supported around 1.5781 - 1.5757 zone for rally to above 1.5845. A clear break of 1.5757 will damage this expected rally.

USD-JPY
Market should hold major support at 76.05 before rising towards 76.29 or even 76.37 limit.

USD-CAD
It should test 1.0001 area after which a sell off down to 0.9971 or extended to 0.9949 area is expected.

NZD-USD
Should test support at 0.8306 while below 0.8332. If support at 0.8306 holds it can rise up to 0.8364, if not it should fall to below 0.8279 zone.

AUD-USD
Resistances lie around 1.0734 and 1.0753. It should test lower towards 1.0676 zone. A clear break of 1.0700 would be bearish.

EUR-JPY
It should trade lower to 99.90 or 99.25 in extension while 100.32 - 100.56 offer resistance. A break of 100.93 will damage this bearish view.

EUR-CHF
Our preferred view is for a drift down to 1.2038 or below 1.2026. Resistances is at 1.2044. A rise above 1.2066 would delay but not abort this expected fall.

EUR-GBP
Corrective dips should ideally halt near 0.8296 or 0.8284 for one more thrust upwards towards 0.8324 - 0.8340 area or 0.8364 in extention. Fall below 0.8252 puts it back on a downward path.

EUR-CAD
Current upmove should be over between 1.3153 and 1.3171. A correction down to 1.3027 is anticipated. A break of 1.3206 is bullish.

EUR-NZD
One more dip to 1.5749 or 1.5722 is likely followed by a grind higher to 1.5804 - 1.5831. After which it can resume its downtrend.

EUR-AUD
Market should hold major support at 1.2219 before rising towards 1.2303 or even 1.2336 limit.

GBP-CHF
Current move should be supported in 1.4474 - 1.4446 zone for a rise to 1.4605. A break below 1.4400 opens the way down.

GBP-JPY
Decline should be supported around 120.21 - 119.96 zone for rally to above 120.75. A clear break of 119.96 will damage this expected rally.

GBP-CAD
Decline should be supported around 1.5769 - 1.5741 zone for rally to above 1.5832. A clear break of 1.5741 will damage this expected rally.

GBP-AUD
One more dip to 1.4738 is likely followed by a grind higher to 1.4803. After which it can resume its downtrend.

NZD-JPY
While below 63.62 - 63.73 it is more likely to fall further towards 63.39 or 63.28. Premature rise above 63.73 could see it rising above 63.96 zone.

AUD-JPY
While below 81.77 - 81.91 it is more likely to fall further towards 81.48 or 81.35. Premature rise above 81.91 could see it rising above 82.18 zone.

XAG-USD
Current rise seems to be over near 34.35 or 34.64 for a retracement towards 34.06 - 33.89 area.

XAU-USD
Currently uptrend should end around 1767.02 - 1766.56 area. A correction down to below 1746.60 is expected. A rise above 1773.85 will abort the expected correction.


Kindly provided by Realtime Forex.

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