بالتوفيق

[pathalogist2003]

EUR/USD -

At a glance:

Local Support/Resistance comes in at 1.1825 and 1.1885 respectively.

Larger scale key levels of S come into play at 1.1800. On larger scale R we
have 1.1915/30 as a critical for meaningful advances in the euro against the
U.S. dollar.

Summary:

The session started off with a kick, as dealers in Asia felt it best to jostle
the majors on light volume at the key level. The pair traded lower on the
action only to come right back less than an hour later, indicating dealers were
anxious to clear the book of orders hanging over the weekend. The play inspired
some mean reverting pricing about the 1.1865 benchmark level in European
trading. The mire should offer breakout strategies some follow through on
probes of the session range of 1.1875/1.1825.

GBP/USD -

At a glance:

Local Support/Resistance come in at 1.7385 and 1.7415 respectively.

Larger scale levels of S come in at 1.7350. On the R side we have 1.7450 as a
sticking point for advances in the Great British sterling against the dollar.

Summary:

The pair hammered out some clear S in European trading at the level we noted as
critical Friday just below the 7400 figure down through 1.7380. The level
offers traders the first bit of actionable information this week as little data
out of the UK is slated early on. Early session flows in American trading
indicate a move higher could be in the immediate future.

USD/CHF -

At a glance:

Local Support/Resistance comes in at 1.3185 and 1.3215 respectively.

Larger scale levels of Support come into play at the false top of 1.3150. On
the Resistance side we have trend studies indicating 1.3250 as a major sticking
point for further advances in the US dollar against Swiss francs.

Summary:

The pair is trading in the hot spot created by the session opening fireworks
near the 3200 figure as the market awaits the housing data from the US. Traders
note the pair looks tired in here, but also go on to say that the book is clean
and the data out of the US could inspire another jolt higher. Nevertheless, R
is heavy as many were stranded floating losers throughout the European session
and they may be eager to jump out on another foray above the level. The local S
we noted above will be critical for those trying to price this pair lower.

USD/JPY -

At a glance:

Local Support/Resistance comes in at 116.65 and 117.00 respectively.

Larger scale levels of R reside at 117.45 with S at 116.40

Summary:

News from the Japanese government kept the market on its toes early on, as the
BoJ sees deflation on the verge of being defeated. The comments inspired a 100+
pip drop in the pair, taking it down from the 1700 figure. The fall stopped
just below the 1600 figure early in European trading when all was said and done.

USD/CAD -

At a glance:

Local Support/Resistance comes in at 1.1480 and 1.1515 respectively.

Larger scale key levels of Support are scattered throughout the region spanning
1.1380/1400. On the broader scope, Resistance at 1.1550 is considerable.

Summary:

The pair crashed through the 1.1460 level early in American trading on the heels
of the employment data release from the Canadian government this morning. The
move has fizzled a bit as the market awaits the US housing data, perhaps
offering a glimpse into the Feds ceiling on rates.

 

[light]

يعطيك الف عافيه يا دكتور

 

[pathalogist2003]

EUR/USD -

At a glance:

Local Support/Resistance comes in at 1.1865 and 1.1895 respectively.

Larger scale key levels of S come into play at 1.1845. On larger scale R we
have 1.1915/30 as a critical for meaningful advances in the euro against the
U.S. dollar.

Summary:

The session started off with a dud on the US data front. The actual report was
impressive but traders seem to be questioning the validity of the data, as the
market failed to reflect any meaningful shift in consensus upon the release.
Volume is relatively light as well, and the dollar seems to be coiling into
fetal position as we head into the data slated for 15:00 GMT.

The rally in the pair overnight was a rather ominous indication however, as
dollar stalwarts are clearly on their haunches. The selling was broad based as
all of the majors reflected the weakness in the benchmark. A range breakout
play seems to be the most likely scenario today.

GBP/USD -

At a glance:

Local Support/Resistance come in at 1.7450 and 1.7495 respectively.

Larger scale levels of S come in at 1.7405. On the R side we have 1.7750 as a
sticking point for advances in the Great British sterling against the dollar.

Summary:

As we noted yesterday, “…clear S in European trading at the level we noted as
critical Friday just below the 7400 figure down through 1.7380. The level
offers traders the first bit of actionable information this week as little data
out of the UK is slated early on. Early session flows in American trading
indicate a move higher could be in the immediate future…”, and it appear the
summation was rather foretelling given the resulting price action.

The rally in the pair overnight was quite strong, as traders made one last go at
the benchmark support we noted in yesterday’s report. Upon arrival, price took
a sharp 180° from 1.7375/80 where it ascended over 100 pips when all was said
and done. Nevertheless, as all god things must come to an end this rally is no
exception – a H&S pattern has emerged on the ultra short term scope in American
trading following the 13:30 GMT release however, more data is slated for 15:00.

USD/CHF -

At a glance:

Local Support/Resistance comes in at 1.3165 and 1.3190 respectively.

Larger scale levels of Support are scattered wide at the false top of 1.3125/50.
On the Resistance side we have trend studies indicating 1.3250 as a major
sticking point for further advances in the US dollar against Swiss francs.

Summary:

The pair is moving in inverse lockstep with the EUR today, with the exception of
the foray above R early in Asia, whereas the EUR failed to breach respective S.
The head-fake was tricky and drew a few players in for a poor fill on the
breakout trade. The pair was offering some of the best precision on respective
S/R levels over the last few days, so traders felt this was more than enough
reason to assume more of the same would ensue.

The pair is trading comfortably below the hot spot created by the session
opening fireworks near the 3200 figure as the market awaits more
housing/inflation data from the US. R remains heavy as many were stranded
floating losers at the session open and are likely going to be eager to jump out
on another foray into the level. The local S we noted above will be critical
for those trying to price this pair lower.

USD/JPY -

At a glance:

Local Support/Resistance comes in at 116.00 and 116.45 respectively.

Larger scale levels of R reside at 117.00 with S at 115.70

Summary:

More inspiring price action has come to fruition for those eyeing a new trend in
the yen. The single currency is making strong headway against most of its major
counterparts and the dollar is no exception. The pair has twice tested the 1600
figure in recent trading with little or no bounce from the region. If the pair
is able to break away from this region we could see a go at 1700, but as we know
the region was very heavy, and should continue to be sticky for those bidding
up. The trading lower marks 4 of the last 5 daily session lower.

USD/CAD -

At a glance:

Local Support/Resistance comes in at 1.1380 and 1.1435 respectively.

Larger scale key levels of Support are scattered throughout the region spanning
1.1340. On the broader scope, Resistance at 1.1500 is considerable.

Summary:

The pair crashed through the 1.1445/60 level in American trading yesterday, and
has yet to find any real stable footing over the past 24 hours. The move has
fizzled a bit as the market awaits the US housing/inflation data, perhaps
offering a glimpse into the Feds ceiling on rates, and providing a near term
base in the pair. Nevertheless, projection studies indicate 1.1340/25 will be
the next floor on a break.