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 traders in their daily trading strategies.
06 February 2012 (Updated 3/2/2012 23:00 CET)Daily Market Comments
| GBP – JPY | Currently uptrend should end around 121.15 - 121.45 area. A correction down to below 120.50 is expected. A rise above 121.81 will abort the expected correction. GBP-JPY Analysis » | Low: 120.28 | High: 121.22 |
| EUR – USD | Corrective dips should ideally halt near 1.3106 or 1.3073 for one more thrust upwards towards 1.3176 - 1.3213 area or 1.3279 in extention. Fall below 1.3000 puts it back on a downward path. EUR-USD Analysis » | Low: 1.3066 | High: 1.3206 |
| USD – CHF | Strength can extend to 0.9209 or even 0.9236 as declines are expected to find support at 0.9182 or 0.9155. Stop Loss below 0.9129 zone. USD-CHF Analysis » | Low: 0.9127 | High: 0.9234 |
| GBP – USD | It should be subject to more sell off towards 1.5757 or 1.5699. Corrective upward swings should face resistance around 1.5837 area. A break of 1.5920 is bullish. GBP-USD Analysis » | Low: 1.5750 | High: 1.5861 |
| USD – JPY | Current upmove should be ended around 76.65 - 76.82. Any correction consolidation should find support in 76.35 - 76.22 zone. USD-JPY Analysis » | Low: 76.14 | High: 76.74 |
| USD – CAD | There is bearish potential for a fall to 0.9932 - 0.9898 while 0.9966 - 0.9985 resist. After this fall a recovery up to 0.9985 or 1.0004 is expected. USD-CAD Analysis » | Low: 0.9928 | High: 1.0033 |
| NZD – USD | It should try higher up to 0.8369 - 0.8394. Entry point 0.8345 or 0.8328. After this rise, a correction is expected. NZD-USD Analysis » | Low: 0.8296 | High: 0.8378 |
| AUD – USD | Currently uptrend should end around 1.0786 - 1.0824 area. A correction down to below 1.0702 is expected. A rise above 1.0870 will abort the expected correction. AUD-USD Analysis » | Low: 1.0672 | High: 1.0794 |
| EUR – JPY | Currently uptrend should end around 100.76 - 101.04 area. A correction down to 100.29 - 100.09 is expected. A rise above 101.44 will abort the expected correction. EUR-JPY Analysis » | Low: 99.93 | High: 100.88 |
| EUR – CHF | Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2089 or 1.2089 if support around 1.2068 hold. After which a pullback to 1.2068 - 1.2060 zone is possible. EUR-CHF Analysis » | Low: 1.2046 | High: 1.2083 |
| EUR – GBP | A drift down to 0.8288 - 0.8265 from 0.8312 - 0.8326 area could be followed by a consolidation/corrective activity. EUR-GBP Analysis » | Low: 0.8290 | High: 0.8339 |
| EUR – CAD | There is bearish potential for a fall to 1.3046 - 1.2991 while 1.3100 - 1.3136 resist. After this fall a recovery up to 1.3136 or 1.3172 is expected. EUR-CAD Analysis » | Low: 1.3028 | High: 1.3209 |
| EUR – AUD | Market should not go lower than 1.2183 - 1.2137. After this move down it should go up to 1.2259 - 1.2289 area. EUR-AUD Analysis » | Low: 1.2168 | High: 1.2320 |
| GBP – CHF | It should trade higher to 1.4564 while 1.4489 or 1.4470 offers support. Stop loss below 1.4414 zone. GBP-CHF Analysis » | Low: 1.4451 | High: 1.4546 |
| GBP – CAD | There is bearish potential for a fall to 1.5645 while 1.5757 - 1.5792 resist. After this fall a recovery up to 1.5792 or 1.5828 is expected. GBP-CAD Analysis » | Low: 1.5687 | High: 1.5869 |
| GBP – AUD | Market should not go lower than 1.4662 - 1.4611. After this move down it should go up to 1.4745 - 1.4778 area. GBP-AUD Analysis » | Low: 1.4649 | High: 1.4816 |
| CAD – JPY | Currently uptrend should end around 77.07 - 77.44 area. A correction down to 76.51 - 76.31 is expected. A rise above 77.83 will abort the expected correction. CAD-JPY Analysis » | Low: 75.97 | High: 77.10 |
| NZD – JPY | Uptrend is still intact in a triangle configuration. It should continue to rally to 64.11 or 64.37 if support around 63.80 hold. After which a pullback to 63.80 - 63.61 zone is possible. NZD-JPY Analysis » | Low: 63.21 | High: 64.17 |
| AUD – JPY | Uptrend is still intact in a triangle configuration. It should continue to rally to 82.63 or 82.98 if support around 82.14 hold. After which a pullback to 82.14 - 81.91 zone is possible. AUD-JPY Analysis » | Low: 81.31 | High: 82.62 |
| XAU – USD | There is bearish potential for a fall to 1724.68 - 1711.78 while 1737.58 - 1744.39 resist. After this fall a recovery up to 1744.39 or 1751.20 is expected. XAU-USD Analysis » | Low: 1723.95 | High: 1763.37 |
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.
Archives - Past publications
Previous published content may be viewed on our archives section
Archives
