Analysis | Analisís

Forecast Currencies, Tuesday 2 February 2010

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EUR-USD

It should climb to 1.3935-1.3962 after which should fall to 1.3876.

USD-CHF

It should go to 1.0595 or 1.0608. We can see the supports at 1.0559 and 1.0536.

GBP-USD

It should climb to 1.5969-1.6008. The entry points would be 1.5929 or 1.5904.

USD-JPY

Should complete its rise in 90.7790-91.0403. In case of a correction, should find support in 90.3050-90.0923.

USD-CAD

It should drop to 1.0568 if 1.0644-1.0664 resist. After which should go up to 1.0664 or 1.0683.

Forecast Currencies, Friday, 29 January 2010

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EUR-USD

It should fall to 1.3954-1.3921 after which it should climb 1.4012-1.4037.

USD-CHF

If it is below 1.0539-1.0559 should fall to 1.0500 or 1.0481. If it rise above 1.0559 could see it above 1.0596.

GBP-USD

This pair has a triangle pattern. If it rise above 1.6276 or fall below 1.6113, there would be an acceleration in prices.

USD-JPY

It should climb to 90.4363-90.9527 from 89.7765 and 89.5183.

USD-CAD

It should climb to 1.0667-1.0704 after which should fall to 1.0590.

Forecast Currencies, Thursday, 28 January 2010

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EUR-USD

It should end its fall in 1.3979, after which they should go up to 1.4083.

USD-CHF

If it is below 1.0514-1.0536 should fall to 1.0474 or 1.0457. If it rise above 1.0536 could see it above 1.0570.

GBP-USD

It should fall to 1.6139-1.6104 after which it should climb 1.6207-1.6240. We should place the stop loss above 1.6310.

USD-JPY

Should go to 90.7870 after which should fall to 89.4037 or 88.8023.

USD-CAD

Forecast Currencies, Wednesday, 27 January 2010

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EUR-USD

It should not fall below 1.4057-1.4016. After which should climb 1.4125-1.4153.

USD-CHF

Should complete its rise in 1.0478 or 1.0511 after which should fall at 1.0445-1.0421.

GBP-USD

If it is below 1.6206-1.6244 should fall to 1.6068 or 1.5994.

USD-JPY

It should fall to 89.1453 if 89.8497-90.1020 resist. After which should go up to 90.1020 or 90.3543.

USD-CAD

If it is below 10660-1.0698 should fall to 1.0552 or 1.0476.

NZD-USD

EUR / USD: Rebound

This was a transitional day begins with a week packed with information mainly Fed day of profit taking but that does not change the technical analysis.

Short-term situation:

Although it appears that the 1.40 support has endured, it is clear that the euro / dollar has lost strength as can be seen showing decreasing minimum and maximum falling in the weekly chart for the first time in many months.

Forecast Currencies, Tuesday, 26 January 2010

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EUR-USD

It should fall to 1.4122 or below 1.4092. We see resistance at 1.4130.

USD-CHF

Should hold in support of 1.0363 after which should go up to 1.0424 or 1.0452.

GBP-USD

It should fall to 1.6170 or 1.6036 if 1.6252-1.6304 offer resist.

USD-JPY

Should go to 90.4730. We can see the supports at 90.0490 and 89.9520.

USD-CAD

Should continue its ascent to 1.0616 or 1.0654. If it fall, it should find support at 1.0574-1.0555.

NZD-USD

Dollar falls vs euro pushed by bank plan Obama, yen rises

NEW YORK (Reuters) - The dollar fell on Friday against the euro and the yen after investors get out of risky operations after proposed by U.S. President Barack Obama to limit risk bets by banks.

The yen, which often benefit from nervousness of investors hit a five-week high against the dollar and a ceiling of nine months against the euro, while stocks fell around the world for the second straight day.

The euro rebounded from its lowest in nearly six months against the dollar hit on Thursday.

Dollar falls Obama proposal banks, euro under pressure Greece

NEW YORK (Reuters) - The dollar fell sharply against the yen on Thursday and erased its gains against the euro after the U.S. president, Barack Obama, has announced plans to limit the risks taken by individual financial institutions.

Investors believe the plan will limit the earnings of U.S. banks, which helped the euro to recover from a minimum of six months. The yen rose broadly as investors reduced their risk exposure.

Obama's proposals include avoiding banks to own, sponsor or invest in hedge funds for their own benefit.

Forecast Currencies, Friday, 22 January 2010

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EUR-USD

Should go up to the resistance to 1.4084 after which should fall to 1.4027, it may rebound to 1.4142.

USD-CHF

It is possible a rise to 1.0462 and 1.0481. We can see the supports at 1.0416 and 1.0389.

GBP-USD

It should fall to 1.6160-1.6110 after which ought to climb 1.6254-1.6296.

USD-JPY

It should fall to 89.7453 if 90.8097-91.1535 resist. After which should go up to 91.1535 or 91.4973.

USD-CAD

EUR / USD: Corrective Phase

As we predicted in recent days could be a continuation in the fall. Today we have lost the base of the flag he had kept in recent weeks. It also has missed the December minimum 1.4220. And as we said in our previous analysis, the objectives were at 1.42/1.40.

Short-term situation:

The loss of 1.42 which was the base of the flag warning us of the continuity of the base bears that started in the resistance 1.51.

At present we are in the neighborhood of 1.4080 which corresponds to a Fibonacci retracement of 38.20%.

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