GAINSY Hottest Forecasts

Forex Signal Wrap-up: USD/CHF – Hold long entered at 0.9265
(GAINSY Ichimoku Analysis)

USD/CHF - 0.9326

Most recent candlesticks pattern : N/A

Trend : Near term up

Tenkan-Sen level :0.9312
Kijun-Sen level :0.9295
Ichimoku cloud top :0.9283
Ichimoku cloud bottom :0.9276

Original strategy :
Bought at 0.9265, Target: 0.9370, Stop: 0.9280

Long at 0.9265
Target: - 0.9370
0.9280

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Elliott Wave Forecast: EUR/GBP – Turn short at 0.8710
(GAINSY Elliott Wave Analysis)

EUR/GBP – 0.8633

Recent wave: v of wave 3 has possibly ended at 0.8067 but wave 4 should hold below 0.9050

Trend: Up

Original strategy :
Buy at 0.8485, Target: 0.8700, Stop: 0.8440

Target: -
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Intraday Statement: EUR/USD Stabilizing Around 1.3, Still Vulnerable
(GAINSY Technical Analysis)

Euro recovers mildly into US session after it's stabilizing from the steep selloff triggered by the inconclusive election in Italy. Democratic Party leader Bersani took 340 seats in the 630 seat-lower house but fell short of majority in the upper house, taking just 113 seats out of 315. Former prime...

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Italy's Political Stalemate Weighs on Sentiment
(GAINSY Fundamental Analysis)

Risk sentiment remained under pressure as political uncertainty in Europe weighed on markets. Political deadlock in Italy may persist for bank weeks as leaders began discussions to form a coalition government. Other options would be for President Napolitano to install an interim government or for the country to hold elections again....

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U.S. New Home Sales Jump in January; Consumer Confidence Rebounds Sharply in February
(GAINSY Fundamental Analysis)

Sales of new single-family homes in the US jumped by 15.6% in January 2013 to an annualized pace of 437,000 units. This was well above market expectations for a 380,000 reading in the month and represented the fastest pace of sales since July 2008. The initially reported 369,000 reading in...

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Italian Elections: No Coalition Government Risks Dangerous Financial Strains
(GAINSY Fundamental Analysis)

The Italian elections held on February 24 and 25 ended in victory for the center-left Democratic Party (PD) in the lower house and a fragmented outcome in the Senate. Seats secured in the Senate came to 116 for former Prime Minister Berlusconi's coalition, 113 for Bersani's PD, 54 for Grillo's...

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Bernanke Defended Asset Purchases, Downplayed Costs
(GAINSY Technical Analysis)

In the testimony before the Senate Committee, Fed Chairman Bernanke discussed benefits and costs of the central bank’s asset purchases. His overall tone remained rather dovish and he downplayed the costs of the program. Despite debates over whether the Fed should taper asset purchases, the testimony showed no indication that...

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Daily Statement: Euro in Tight Range, Italian Auction Watched
(GAINSY Technical Analysis)

Euro continues to stay soft in tight range as it stabilized from the steep selloff earlier this bank week. Markets are clearly concerned about the possibility of prolonged political uncertainties in Italy which poses substantial risk to its structural and fiscal reforms. A key event to watch today is Italy's debt...

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Forex Signal: USD/JPY – Sell at 92.70
(GAINSY Ichimoku Analysis)

USD/JPY – 91.82

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level : 91.95
Kijun-Sen level : 91.77
Ichimoku cloud top : 92.80
Ichimoku cloud bottom : 92.29

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Forex Signal: EUR/USD – Sell at 1.3200
(GAINSY Ichimoku Analysis)

EUR/USD – 1.3087

Most recent candlesticks pattern : Shooting star

Trend : Near term down

Tenkan-Sen level :1.3066
Kijun-Sen level :1.3070
Ichimoku cloud top :1.3179
Ichimoku cloud bottom :1.3122

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(GAINSY Fundamental Analysis)

Japanese Retail Trade Fell Amid Mixed Performance

Japanese retail trade showed negative performance on yearly basis in January, adding to signs that the world’s third largest economy needs further support during the upcoming period to recoil its curbed retail trade...

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The Market Takes A Breathe Post-Bernanke And Pre-Italian Debt Sale

Encouraging economic data out of the US and Bernanke's reassurance that the Fed's quantitative easing program is doing more good than harm is helping to lift investor sentiment after risk assets took a hammering on the back of Italy's disappointing election result. The market was worried, and still is to...

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GBP/USD: Comments From BoE Policymakers Saps Sterling Demand

The pair is expected to find support at 1.5068, and a fall through could take it to the next support level of 1.5025. The pair is expected to find its first resistance at 1.5187, and a rise through could take it to the next resistance level of 1.5263...

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EUR/USD: Fed Chairman Ben Bernanke Strongly Defends Bond-Buying Programme

The pair is expected to find support at 1.3014, and a fall through could take it to the next support level of 1.2963. The pair is expected to find its first resistance at 1.3119, and a rise through could take it to the next resistance level of 1.3173...

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USD/JPY: Japanese Retail Sales Declined In January

The pair is expected to find support at 91.22, and a fall through could take it to the next support level of 90.52. The pair is expected to find its first resistance at 92.52, and a rise through could take it to the next resistance level of 93.12...

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(GAINSY Fundamental Analysis)

USD/CHF: Switzerland's Employment Level Fell In Q4 2012

The pair is expected to find support at 0.9296, and a fall through could take it to the next support level of 0.9266. The pair is expected to find its first resistance at 0.9346, and a rise through could take it to the next resistance level of 0.9366...

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USD/CAD: Loonie Trading Lower This Morning

The pair is expected to find support at 1.0230, and a fall through could take it to the next support level of 1.0200. The pair is expected to find its first resistance at 1.0297, and a rise through could take it to the next resistance level of 1.0334...

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AUD/USD: Disappointing Construction Data In Australia Cast A Shadow On The Local Currency

The pair is expected to find support at 1.0186, and a fall through could take it to the next support level of 1.0151. The pair is expected to find its first resistance at 1.0272, and a rise through could take it to the next resistance level of 1.0323...

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Eyes On U.K. GDP, Eurozone Economic Sentiment

Markets stormed off into a calm start this bank week regarding economic data, as global attention was focused on Italy's general election, which resulted in an unfavorable deadlock. However, Wednesday's economic agenda will deliver the first revision of the U.K. Gross Domestic Product's reading for the fourth quarter, alongside Euro zone's...

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Italian Bond Yields Suffers On Inconclusive Elections

Italy may have to sell long-term bonds on higher yields on Wednesday after markets were rattled by indecisive election results, which puts in doubt reforms needed to spur growth and cut the country`s debt. Pessimism over Italy's inconclusive parliamentary election on Tuesday renewed concern that the Mediterranean nation will dilute...

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(GAINSY Fundamental Analysis)

Euro Holding North Of Key Support Despite Uncertainty On Italy

After a first sell-off in the wake of the outcome of the Italian elections, the euro entered a consolidation pattern. The key EUR/USD 1.30 area was left intact. EUR/GBP tested the 0.8600 level, but the test was rejected too. So for now, the currency market doesn't position for a revival...

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European Shares Recoup As U.S. Fed Defend Stimuli

European stocks recoiled in the opening minutes on Wednesday supported by comments from U.S. Federal Reserve reassuring the Fed’s commitment to its stimulus program, while concerns over Italy’s political gridlock may keep investors nervous and limit gains ahead of Italian auction of long-to-medium-term bonds later in the session...

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Britain Fourth-Quarter Contraction Unrevised As Expected

The U.K. economy contracted in the last three months of 2012, prompting two extra policymakers at the Bank of England to vote for more monetary stimulus this month, and Moody`s Investors Service to strip Britain off its much-prized AAA credit rating last bank week...

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EUR Recovers On Dovish Bernanke, GBP Dips

The risk appetite showed signs of improvement as the Fed President Bernanke delivered dovish testimony yesterday. Bernanke defended Fed's current quantitative easing policy, stating that the benefits of easing outweigh the costs and risks. Regarding to the upcoming sequester, Bernanke urged the US lawmakers to avoid any action – or...

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Euro Zone Business Pessimism Lowest Since Last April

Business and economic confidence in the euro area this month proved to be better than in January, despite of the political turmoil in the bloc`s third-largest economy, as investors saw more signs that the worst of the crisis is over and growth will pick up gradually in the latter of...

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(GAINSY Fundamental Analysis)

EURO Weathers Another Storm-Where To Now?

Like Columbus, Italy continues to navigate through some uncharted waters. The Italian sovereign debt market faced a major test this morning with the Italian treasury tapping the 5y-bucket for around +€3b and issuing +€2.5b of a new 10-year product. This was never going to be the ideal time for Italy...

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Monti to Blame for Sovereign Flare up and EUR Decline

The markets have been fairly mixed today with a tepid attempt since the London open to recover some of the Italian election losses of the past couple of days. Italian stocks and bonds are higher today although they are still weak compared to the pre-election levels. The confusion and concern...

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U.S. New Orders for Durable Goods Plunge in January

New orders for durable goods in the US fell by a larger than expected 5.2% in January 2013 (market expectations had been for a 4.7% decline) following the sizable gains recorded in each of the previous four months that saw a rise 15.1% during that period. The weakness in January...

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Durable Goods Soar and Plunge in the Same Statement

The 5.2 percent drop in durable goods orders was the second largest monthly decline since the financial crisis in the autumn of 2008. The decline was enough to offset three consecutive months of increases and sets the overall level of durable goods orders back to a level last seen in...

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Italian Elections - What's Next?

Italy is now in a complicated situation with none of the coalitions envisaged prior to the elections being able to form a majority government. The Italian president will begin informal consultations with party leaders to find out which options there might be to form a government anyway. The new parliament...

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Intraday Statement: Euro Recovered Mildly after Solid Italian Auction, But Lacks Follow Through Buying
(GAINSY Technical Analysis)

Euro recovers mildly today as Italy passed the first debt auction test after the inconclusive elections. Italy sold EUR 5b in 10 year bonds with yield at 4.83% and EUR 2.5b in five year bonds with yield at 3.59%. Yield on the 10 year bond was highest since last October...

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(GAINSY Ichimoku Analysis)

Forex Signal Update: USD/JPY – Sell at 92.70

USD/JPY – 91.66

Original strategy :
Sell at 92.70, Target: 91.50, Stop: 93.05

Target: -
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Forex Signal Update: EUR/USD – Sell at 1.3200

EUR/USD – 1.3099

Original strategy :
Sell at 1.3200, Target: 1.3070, Stop: 1.3235

Target: -
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(GAINSY Elliott Wave Analysis)

Elliott Wave Forecast: EUR/JPY – Sell at 121.00

EUR/JPY – 119.84

Recent wave: wave v of (C) ended at 94.12 and major correction in wave A is unfolding for gain to 130.00

Trend: Up

Original strategy :
Sell at 122.25, Target: 122.00, Stop: 122.90

Target: -
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Elliott Wave Forecast: USD/CAD – Buy at 1.0200

USD/CAD – 1.0263

Recent wave: Only wave v of c has ended at 0.9407 and A-B-C correction has possibly ended at 1.0658

Trend: Near term up

Original strategy :
Buy at 1.0200, Target: 1.0400, Stop: 1.0140

Target: -
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Elliott Wave Forecast: EUR/GBP – Sell at 0.8710

EUR/GBP – 0.8628

Recent wave: v of wave 3 has possibly ended at 0.8067 but wave 4 should hold below 0.9050

Trend: Up

Original strategy :
Sell at 0.8710, Target: 0.8590, Stop: 0.8755

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online

(GAINSY Ichimoku Analysis)

Forex Signal Wrap-up: USD/JPY – Sell at 92.70

USD/JPY – 91.51

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level : 91.52
Kijun-Sen level : 91.77
Ichimoku cloud top : 92.80
Ichimoku cloud bottom : 92.17

Original strategy :
Sell at 92.70, Target: 91.50, Stop: 93.05

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online


Forex Signal Wrap-up: EUR/USD – Sell at 1.3225

EUR/USD – 1.3115

Most recent candlesticks pattern : Shooting star

Trend : Near term down

Tenkan-Sen level :1.3098
Kijun-Sen level :1.3084
Ichimoku cloud top :1.3168
Ichimoku cloud bottom :1.3118

Original strategy :
Sell at 1.3200, Target: 1.3070, Stop: 1.3235

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online

(GAINSY Fundamental Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Trading Flat In The Asian Session

The pair is expected to find support at 1.0212, and a fall through could take it to the next support level of 1.0191. The pair is expected to find its first resistance at 1.0267, and a rise through could take it to the next resistance level of 1.0301...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Aussie Rises On Encouraging Australian And Chinese Data

The pair is expected to find support at 1.0209, and a fall through could take it to the next support level of 1.0143. The pair is expected to find its first resistance at 1.0314, and a rise through could take it to the next resistance level of 1.0353...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CHF: Swissy Trading Lower Ahead Of The GDP Data

The pair is expected to find support at 0.9272, and a fall through could take it to the next support level of 0.9249. The pair is expected to find its first resistance at 0.9327, and a rise through could take it to the next resistance level of 0.9359...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Buoyed On Italian Bond Auction, Trading Lower This Morning

The pair is expected to find support at 1.3074, and a fall through could take it to the next support level of 1.3007. The pair is expected to find its first resistance at 1.3185, and a rise through could take it to the next resistance level of 1.3229...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Spain GDP, German Unemployment On Market Watch

Pessimism continues to dominate markets as economies overseas are sinking further into recession in the shadows of the global financial crisis, while political turmoil across the euro area is further pressuring growth and threatening to reignite the euro area crisis...

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(GAINSY Fundamental Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png Swiss GDP Beats Forecast On Strong Consumption

Switzerland's economy unexpectedly expanded as general consumption increased in the fourth quarter of 2012, but at a slower rate than in three months over September. Figures from Federal Department for Economic Affairs showed that the Swiss Gross Domestic Product rose 0.2 percent over the third quarter 2012, supported by “private...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Spain Fourth-Quarter Contraction Worsens

Spain's GDP data for the fourth quarter (final reading) was revised down to record 0.8% drop, compared with the advanced reading of -0.7%, adding to worries the euro area's fourth-biggest economy may remain in recession. The year on year reading also was revised to -1.9% from -1.8%, where the Bank...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png BoJ's New Governor Nominated, US Sequester Deadline Ahead

The risk appetite surged in Asia, as Japanese government formally nominated Kuroda as the BoJ's new governor. The Asian equities rallied. The Nikkei 225 surged 2.7%, Hang Seng index (1.5%), Shanghai's Composite (2.1%), Kospi index (1.1%), S&P/ASX 200 (1.3%) and NZX 50 (1%) followed the enthusiasm...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Tries Cautious Rebound

Risky assets started quite an impressive recoil after the post-Italy sell-off. This supported the euro, but the gains in the likes of EUR/USD and EUR/GBP were moderate. Short-term, more consolidation can be expected as it will take time for markets to make up their mind on the long-term impact of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Stocks Rise As Draghi's Comments Inspired Gains

European equities edged higher on Thursday's opening session extending the previous session gains, as reassurances about continued monetary support from central banks supported equity markets and boosted investor sentiments. European Central Bank President Mario Draghi indicated on Wednesday that the central bank is in no hurry to exit stimulus...

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(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Risk Markets Rebounded Strongly, USD Broadly Softer

Risk sentiments were boosted strongly by the solid Italian bond auctions yesterday which showed that investors confidence were still there in spite of the inconclusive election. DOW jumped 175 pts and closed back above 14000 level at 14075. S&P 500 also rose 19 pts and closed back above 1500 at 1516. USD was broadly lower on risk appetite. Note that firstly, EUR/USD is back above 1.31 in Asian session and is holding well above 1.3 key level. There was stabilization but there is no indication of reversal and risk remains on the downside as long as it stays below 1.33. Secondly, Euro's recovery in EUR/GBP is so far corrective looking. And indeed, Aussie followed risk rally and EUR/AUD has indeed weakened today. So Euro is still vulnerable to another selloff...

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(GAINSY Ichimoku Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/JPY – Sell at 93.00

USD/JPY – 92.40

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level : 91.43
Kijun-Sen level : 91.91
Ichimoku cloud top : 92.59
Ichimoku cloud bottom : 91.86

Original strategy :
Sell at 92.70, Target: 91.50, Stop: 93.05

Target: -
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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: EUR/USD – Sell at 1.3225

EUR/USD – 1.3137

Most recent candlesticks pattern : Shooting star

Trend : Near term down

Tenkan-Sen level :1.3147
Kijun-Sen level :1.3112
Ichimoku cloud top :1.3168
Ichimoku cloud bottom :1.3064

Original strategy :
Sell at 1.3225, Target: 1.3080, Stop: 1.3260

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online


http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Sell at 1.3225

EUR/USD – 1.3115

Original strategy :
Sell at 1.3225, Target: 1.3080, Stop: 1.3260

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online