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.
19 June 2013 (Updated 18/06/2013 23:00 CET)Daily Market Comments
| EUR – USD | Currently uptrend should end around 1.3404 - 1.3430 area. A correction down to below 1.3340 is expected. A rise above 1.3468 will abort the expected correction. EUR-USD Analysis » | Low: 1.3387 | High: 1.3396 |
| USD – CHF | There is bearish potential for a fall to 0.9163 while 0.9213 - 0.9231 resist. After this fall a recovery up to 0.9231 or 0.9250 is expected. USD-CHF Analysis » | Low: 0.9197 | High: 0.9205 |
| GBP – USD | One more dip to 1.5604 is likely followed by a grind higher to 1.5722. After which it can resume its downtrend. GBP-USD Analysis » | Low: 1.5637 | High: 1.5649 |
| USD – JPY | Strength can extend to 95.54 or even higher than 95.91 as declines are expected to find support at 94.88 or 94.59 zone. A fall below 93.85 could turn it bearish. USD-JPY Analysis » | Low: 95.32 | High: 95.47 |
| USD – CAD | Currently uptrend should end around 1.0228 - 1.0227 area. A correction down to below 1.0187 is expected. A rise above 1.0242 will abort the expected correction. USD-CAD Analysis » | Low: 1.0209 | High: 1.0217 |
| NZD – USD | Market should hold major support at 0.7932 before rising towards 0.8024 or even 0.8059 limit. NZD-USD Analysis » | Low: 0.7987 | High: 0.7994 |
| AUD – USD | One more dip to 0.9463 - 0.9426 is likely followed by a grind higher to 0.9530 - 0.9560. After which it can resume its downtrend. AUD-USD Analysis » | Low: 0.9479 | High: 0.949 |
| EUR – JPY | Uptrend is still intact in a triangle configuration. It should continue to rally to 128.69 or 128.42 if support around 127.32 hold. After which a pullback to 127.32 - 126.94 zone is possible. EUR-JPY Analysis » | Low: 127.61 | High: 127.84 |
| EUR – CHF | It is a triangle configuration . Market should break either side. Acceleration should occur above 1.2357 or under 1.2292 limits. EUR-CHF Analysis » | Low: 1.2319 | High: 1.2326 |
| EUR – GBP | Current upmove should be ended around 0.8573 - 0.8598. Any correction consolidation should find support in 0.8530 - 0.8512 zone. EUR-GBP Analysis » | Low: 0.8555 | High: 0.8565 |
| EUR – CAD | Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3710 or 1.3721 if support around 1.3651 hold. After which a pullback to 1.3651 - 1.3628 zone is possible. EUR-CAD Analysis » | Low: 1.3669 | High: 1.3686 |
| EUR – NZD | While below 1.6796 - 1.6838 it is more likely to fall further towards 1.6718 or 1.6682. Premature rise above 1.6838 could see it rising above 1.6911 zone. EUR-NZD Analysis » | Low: 1.6753 | High: 1.6771 |
| EUR – AUD | Currently uptrend should end around 1.4220 - 1.4206 area. A correction down to below 1.3993 is expected. A rise above 1.4295 will abort the expected correction. EUR-AUD Analysis » | Low: 1.4111 | High: 1.4127 |
| GBP – CHF | It looks set to visit further lower territory down to around 1.4367 - 1.4317. Its corrective attempts should fail ahead of 1.4454 - 1.4492. Stop loss above 1.4591 zone. GBP-CHF Analysis » | Low: 1.4385 | High: 1.4401 |
| GBP – JPY | While below 149.37 - 149.68 it is more likely to fall further towards 148.78 or 148.50. Premature rise above 149.68 could see it rising above 150.24 zone. GBP-JPY Analysis » | Low: 149.06 | High: 149.3 |
| GBP – CAD | Difficult to predict the next move. If first down it should hold 1.5925 or 1.5893. If first up it should face resistance in 1.5997 - 1.6037 zone to 1.5893 zone. GBP-CAD Analysis » | Low: 1.5968 | High: 1.5981 |
| GBP – AUD | Resistances lie around 1.6535 and 1.6574. It should test lower towards 1.6412 zone. A clear break of 1.6471 would be bearish. GBP-AUD Analysis » | Low: 1.648 | High: 1.6497 |
| CAD – JPY | Strength can extend to 93.58 or 93.88 as declines are expected to find support at 93.02 or 92.75. A fall below 92.15 could turn it bearish. CAD-JPY Analysis » | Low: 93.32 | High: 93.46 |
| NZD – JPY | The current rise has limited upside potential between 76.37 and 76.67. A correction down to 75.81 - 75.55 zone is expected. Then if 75.55 area hold it should resume his uptrend. Needs to cross below 74.95 to wriggle out of this bullish setup. NZD-JPY Analysis » | Low: 76.13 | High: 76.27 |
| AUD – JPY | It should be subject to more sell off towards 90.13 or 89.93. Corrective upward swings should face resistance around 90.71 area. A break of 91.23 is bullish. AUD-JPY Analysis » | Low: 90.39 | High: 90.53 |
| XAG – USD | One more dip to 21.61 - 21.49 is likely followed by a grind higher to 21.82 - 21.91. After which it can resume its downtrend. XAG-USD Analysis » | Low: 21.66 | High: 21.7 |
| XAU – USD | One more dip to 1364.44 is likely followed by a grind higher to 1382.15. After which it can resume its downtrend. XAU-USD Analysis » | Low: 1362.8 | High: 1368.66 |
Disclaimer
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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