Market comments
A Daily market view for each currency pair
Market Comments offers a Daily market view for each currency pair. This is a short commentary covering each pair generated by our Nostromo System with the aim of assisting forex traders in their daily trading strategies.
22 May 2013 (Updated 21/05/2013 23:00 CET)Daily Market Comments
| EUR – USD | Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2937 or 1.2946 if support around 1.2894 hold. After which a pullback to 1.2894 - 1.2874 zone is possible. EUR-USD Analysis » | Low: 1.2904 | High: 1.2918 |
| USD – CHF | It is a triangle configuration. Market should break either side. Acceleration should occur above 0.9726 or under 0.9678 limits. USD-CHF Analysis » | Low: 0.9694 | High: 0.9704 |
| GBP – USD | There is bearish potential for a fall to 1.5085 while 1.5181 - 1.5215 resist. After this fall a recovery up to 1.5215 or 1.5249 is expected. GBP-USD Analysis » | Low: 1.5148 | High: 1.516 |
| USD – JPY | It may attempt a test higher to 102.69 - 102.89 after which weakness may set it to a drift down to 102.09 limit. USD-JPY Analysis » | Low: 102.37 | High: 102.54 |
| USD – CAD | While below 1.0275 it might drop to 1.0228 or below 1.0189 zone. USD-CAD Analysis » | Low: 1.0259 | High: 1.0271 |
| NZD – USD | Strength can extend to 0.8190 or even higher than 0.8213 as declines are expected to find support at 0.8142 or 0.8119 zone. A fall below 0.8071 could turn it bearish. NZD-USD Analysis » | Low: 0.8162 | High: 0.8176 |
| AUD – USD | Strength can extend to 0.9822 or even 0.9845 as declines are expected to find support at 0.9799 or 0.9777. Stop Loss below 0.9755 zone. AUD-USD Analysis » | Low: 0.9799 | High: 0.9817 |
| EUR – JPY | It should be subject to more sell off towards 131.99 or 131.85. Corrective upward swings should face resistance around 132.78 area. A break of 132.85 is bullish. EUR-JPY Analysis » | Low: 132.23 | High: 132.36 |
| EUR – CHF | Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2528 or 1.2550 if support around 1.2500 hold. After which a pullback to 1.2500 - 1.2486 zone is possible. EUR-CHF Analysis » | Low: 1.252 | High: 1.2524 |
| EUR – GBP | Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8533 or 0.8545 if support around 0.8493 hold. After which a pullback to 0.8493 - 0.8479 zone is possible. EUR-GBP Analysis » | Low: 0.8515 | High: 0.8521 |
| EUR – CAD | Strength can extend to 1.3271 or 1.3298 as declines are expected to find support at 1.3220 or 1.3197. A fall below 1.3143 could turn it bearish. EUR-CAD Analysis » | Low: 1.3246 | High: 1.3257 |
| EUR – NZD | It should test 1.5858 area after which a sell off down to 1.5720 or extended to 1.5568 area is expected. EUR-NZD Analysis » | Low: 1.5789 | High: 1.5812 |
| EUR – AUD | It looks set for gains to 1.3212. Supports at 1.3136 and 1.3114. A break of 1.3060 will damage this bullish structure. EUR-AUD Analysis » | Low: 1.3158 | High: 1.317 |
| GBP – CHF | Market should pop up towards 1.4742 or 1.4770 this bullish scenario would be damaged if 1.4681 - 1.4647 zone is broken, a severe break down could then occur. GBP-CHF Analysis » | Low: 1.4694 | High: 1.4705 |
| GBP – JPY | It might hold above 155.23 or around 155.14 for a rise towards above 156.20. Stop loss below 154.79 zone. GBP-JPY Analysis » | Low: 155.19 | High: 155.39 |
| GBP – CAD | There is bearish potential for a fall to 1.5521 while 1.5586 - 1.5604 resist. After this fall a recovery up to 1.5604 or 1.5622 is expected. GBP-CAD Analysis » | Low: 1.5553 | High: 1.5565 |
| GBP – AUD | Market should not go lower than 1.5443 - 1.5384. After this move down it should go up to 1.5539 - 1.5577 area. GBP-AUD Analysis » | Low: 1.5442 | High: 1.5464 |
| CAD – JPY | Market should hold major support at 99.40 before rising towards 100.22 or even 100.61 limit. CAD-JPY Analysis » | Low: 99.74 | High: 99.88 |
| NZD – JPY | Resistances lie around 83.97 and 84.17. It should test lower towards 83.30 zone. A clear break of 83.50 would be bearish. NZD-JPY Analysis » | Low: 83.64 | High: 83.81 |
| AUD – JPY | While below 100.47 or 100.52 it could fall towards below 100.09 or 99.72. After which a corrective/consolidation activity is expected to 100.71 zone. AUD-JPY Analysis » | Low: 100.4 | High: 100.55 |
| XAG – USD | Support at 22.27 or 22.04 should hold. Then a correction to above 23.37 is anticipated. A clear break of 21.63 is again bearish. XAG-USD Analysis » | Low: 22.4 | High: 22.49 |
| XAU – USD | While above 1368.10 - 1356.95 zone a corrective dip could test 1379.25 or 1398.58. XAU-USD Analysis » | Low: 1374.16 | High: 1378.79 |
RTFX Ltd (“RTFX”) is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.
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