GAINSY Hottest Forecasts

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/JPY – Buy at 95.00

USD’s retreat after Friday’s rally to 96.60 suggests consolidation below this level would be seen and below the Kijun-Sen (now at 95.93) would bring correction to 95.50, then...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: EUR/USD – Sell at 1.3050

As the single currency has recovered after Friday’s selloff from 1.3135 to 1.2956 on dollar’s broad-based strength after the release of stronger-than-expected NFP, suggesting...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: GBP/USD – Sell at 1.5010

Friday’s selloff below 1.4965 support on dollar’s rally across the board after the release of much better-than-expected U.S. job reports signals recent downtrend is still in p...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/CHF – Buy at 0.9425

Despite Friday’s marginal rise to 0.9552, the subsequent retreat suggests consolidation below this level woudl be seen and pullback to the Kijun-Sen (now at 0.9485), then the...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/JPY – Buy at 95.00

USD’s retreat after Friday’s rally to 96.60 suggests consolidation below this level would be seen and below 95.80-90 would bring correction to 95.50, then 95.15-20 (38.2% Fib...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Sell at 1.3050

As the single currency has recovered after Friday’s selloff from 1.3135 to 1.2956 on dollar’s broad-based strength after the release of stronger-than-expected NFP, suggesting...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Sell at 1.5010

Friday’s selloff below 1.4965 support on dollar’s rally across the board after the release of much better-than-expected U.S. job reports signals recent downtrend is still in p...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/CHF – Buy at 0.9425

Despite Friday’s marginal rise to 0.9552, the subsequent retreat suggests consolidation below this level woudl be seen and pullback to the Kijun-Sen (now at 0.9485), then the...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Aussie Trading Lower On Chinese Data

The pair is expected to find support at 1.0187, and a fall through could take it to the next support level of 1.0154. The pair is expected to find its first resistance at 1.0270, and a rise through could take it to the next resistance level of 1.0320....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Advanced On Positive Employment Figures

The pair is expected to find support at 1.0239, and a fall through could take it to the next support level of 1.0195. The pair is expected to find its first resistance at 1.0321, and a rise through could take it to the next resistance level of 1.0359....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: Lloyds Employment Confidence Index Advances In February

The pair is expected to find support at 1.4853, and a fall through could take it to the next support level of 1.4788. The pair is expected to find its first resistance at 1.5016, and a rise through could take it to the next resistance level of 1.5114....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: JPY Losses Ground On Disappointing Japanese Core Machine Orders

The pair is expected to find support at 95.38, and a fall through could take it to the next support level of 94.65. The pair is expected to find its first resistance at 96.71, and a rise through could take it to the next resistance level of 97.30....

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CHF: Swiss Franc Trading Flat In The Asian Session
(GAINSY Fundamental Analysis)

The pair is expected to find support at 0.9438, and a fall through could take it to the next support level of 0.9359. The pair is expected to find its first resistance at 0.9574, and a rise through could take it to the next resistance level of 0.9631....

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Greenback Gained As US Jobs Numbers Zoomed Past Market Expectations, Trading Lower This Morning

The pair is expected to find support at 1.2924, and a fall through could take it to the next support level of 1.2850. The pair is expected to find its first resistance at 1.3104, and a rise through could take it to the next resistance level of 1.3210....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png China: Recovery Has Not Gained Momentum in Early 2013

Because of the distortions from the Chinese Lunar New Year public holiday China's National Bureau of Statistics released January and February data for Industrial production, fixed asset investment and retail sales together. Industrial production in January and February increased 9.9% y/y (Cons: 10.6%, DB 10.6%) after increasing 10.3% y/y in...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Investors Anticipate Market Reaction To Italy's Credit Downgrade

European stock markets are expected to open cautiously higher on Monday, as traders anticipate the broad reaction to Italy's credit downgrade to BBB plus by Fitch, due to political deadlock that was triggered by the inconclusive parliamentary election two bank weeks ago....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Recovery Post-NFP Unwind

Asia started the bank week with limited risk appetite, as China's industrial production and retail sales disappointed in February. The Shanghai's Composite lost 0.45%, Hang Seng added 0.22%, Taiex advanced 0.3%. In South Korea, the equity markets wrote-off 0.13%, Won fell on the growing tensions with North Korea....

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Extends Gains After A Good US Payrolls Statement

A good US payrolls report supported the case of a cyclical recoil of the US dollar. The trade-weighted USD reached a new ST high. EUR/USD set a minor correction low, but there were no follow-through losses. Some consolidation after the recent EUR/USD decline is likely, but the trend remains south....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png European Shares Plunge On Italy Downgrade

Shares in European markets slipped in the opening minutes of Monday trading as investors try to digest Fitch's downgrade to Italy's sovereign credit rating by one notch to BBB+ on Friday. STOXX Europe 600 fell 0.22 percent or 0.65 points to 294.90 STOXX 50 decreased 0.45 percent or12.16 points to 2,716.62...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Quiet FX Markets After Friday's Squeeze

Last Friday saw a heavy squeeze on the markets as the US nonfarm payrolls impressively surprised to the upside in February. The markets expected an improvement in US labor market, yet clearly not to this extent. As soon as the NFP figures came out, EUR and GBP registered heavy unwinds,...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Consolidation the EURO Bear Enemy

The first Monday after NFP is historically the least volatile day of the month. So far, this first day of North American daylight saving time is holding true to form. However, there are a number of subplots that are very much capable of widening this rather contrived forex trading range....

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: EUR/USD – Sell at 1.3075

As the single currency has recoiled again after intra-day brief retreat, suggesting further consolidation below Friday’s low of 1.2956 would be seen, however, upside should be limited to 1.3045-50 (50% Fibonacci retracement of 1.3135-1.2956) and previous support at 1.3080 should cap upside, bring another decline, fracture of said support at 1.2956 would extend recent decline from 1.3711 to 1.2935-40, however, near term oversold condition should prevent sharp fall below 1.2900-05 (50% projection of 1.3434-1.2967 measuring from 1.3135) and risk from there is seen for another corrective recoil to take place later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: GBP/USD – Sell at 1.5020

Despite intra-day resumption of recent decline, as the British pound has staged a recoil after marginal fall to 1.4866, suggesting consolidaiton above this level would be seen and test of intra-day resistance at 1.4945 cannot be ruled out, however, upside should be limited to 1.5010-20 and bring another decline later. A fracture of said support would extend weakness to 1.4835-37 (50% projection of 1.5845-1.5073 measuring from 1.5223) but loss of momentum should prevent sharp fall below 1.4800, risk from there is seen for another recoil later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/CHF – Buy at 0.9425

As the greenback has slipped again after intra-day brief bounce, retaining our view that further consolidation below Friday’s high of 0.9552 would be seen and pullback to the Ichimoku cloud (now at 0.9480-82) cannot be ruled out, however, reckon support at 0.9411 (just below 50% Fibonacci retracement of 0.9281-0.9552 at 0.9417) would hold and bring another upmove later. A fracture of said resistance would signal recent upmove from 0.9024 low has resumed and further gain to 0.9565-70 (61.8% projection of 0.9233-0.9489 measuring from 0.9411) would be seen, however, loss of upward momentum should prevent sharp move beyond 0.9600-10 (61.8% Fibonacci retracement of entire fall from 0.9972 to 0.9024) and reckon 0.9640-50 would remain intact...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Soft after Italy's Downgrade, But Still Struggling Around 1.3 Against USD
(GAINSY Technical Analysis)

Forex markets are generally steady today so far except that some weakness is seen in Sterling. European equities responded negatively to Italy's rating downgrade but loss is so far limited. Meanwhile, US futures point to slightly lower opening as trading take profits from Friday's NFP triggered rally. Some pointed out...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

http://www.gainsy.com/templates/sj_w.../icons/usd.png The GBP as the Anti-Growth Currency
(GAINSY Fundamental Analysis)

The key mover this morning has been the pound, which is the weakest performer in the G10 FX space. It has been sold heavily since the London open and GBPUSD has just fallen through 1.4900 its lowest level since 2010. It is finding some buying interest at 1.4870, which...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Under Renewed Selling on BoJ Expectations
(GAINSY Technical Analysis)

JPY is under renewed pressure in Asian session today and drops to new low against dollar on BoJ easing expectations. BoJ deputy governor nominee Iwata said that it can achieve the 2% inflation target within two years by buying long-term bonds and urged that the central bank needs "decisive easing"....

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/JPY – Buy at 95.50

USD/JPY – 96.41

Most recent candlesticks pattern : N/A

Trend : Up

Tenkan-Sen level : 96.52
Kijun-Sen level : 96.35
Ichimoku cloud top : 96.01
Ichimoku cloud bottom : 95.19

Original strategy :
Buy at 95.00, Target: 96.50, Stop: 94.65

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: EUR/USD – Hold short entered at 1.3050

EUR/USD – 1.3020

Most recent candlesticks pattern : Shooting star

Trend : Down

Tenkan-Sen level :1.3025
Kijun-Sen level :1.3021
Ichimoku cloud top :1.3045
Ichimoku cloud bottom :1.3019

Original strategy :
Sold at 1.3050, Target: 1.2940, Stop: 1.3085

Short at 1.3050
Target: - 1.2940
1.3085

New strategy : ... Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: GBP/USD – Sell at 1.5020

GBP/USD - 1.4895

Most recent candlesticks pattern : N/A

Trend : Down

Tenkan-Sen level : 1.4894
Kijun-Sen level :1.4905
Ichimoku cloud top :1.4984
Ichimoku cloud bottom :1.4940

Original strategy :
Sell at 1.5020, Target: 1.4880, Stop: 1.5055

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Slightly Weaker, But Still Near Multi-Month/Year Highs

Believe it or not the USD actually finished weaker across nearly all of the G10 today with exception to the JPY and GBP (flat) as risk sentiment slowly improved throughout the day. Considering the broad USD rally witnessed on Friday due to the strong U.S. employment report, a dollar respite...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Kuroda Spurs Rumours Of Even More Aggressive Easing From The BoJ

Rumours that BoJ Governor nominee Kuroda is considering surprise action to combat deflation spurred a sell-off in the yen that was extended by dovish comments from BoJ Deputy Governor nominees Iwata and Nakaso, as well as dovish meeting minutes from the BOJ's February meeting and weak domestic data. The Nikkei...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: Additional Easing Measures Discussed, Indicates BoJ Minutes

The pair is expected to find support at 96.07, and a fall through could take it to the next support level of 95.66. The pair is expected to find its first resistance at 96.80, and a rise through could take it to the next resistance level of 97.13....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Trading Lower This Morning

The pair is expected to find support at 1.2993, and a fall through could take it to the next support level of 1.2956. The pair is expected to find its first resistance at 1.3060, and a rise through could take it to the next resistance level of 1.3090....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: UK House Price Balance Declines In February, Indicates RICS

The pair is expected to find support at 1.4859, and a fall through could take it to the next support level of 1.4822. The pair is expected to find its first resistance at 1.4938, and a rise through could take it to the next resistance level of 1.4980....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CHF: Swiss Retail Sales Growth Slowed In January

The pair is expected to find support at 0.9462, and a fall through could take it to the next support level of 0.9436. The pair is expected to find its first resistance at 0.9519, and a rise through could take it to the next resistance level of 0.9550....

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Trading Flat This Morning

The pair is expected to find support at 1.0245, and a fall through could take it to the next support level of 1.0224. The pair is expected to find its first resistance at 1.0292, and a rise through could take it to the next resistance level of 1.0318....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Australian Business Confidence Drops In February

The pair is expected to find support at 1.0227, and a fall through could take it to the next support level of 1.0174. The pair is expected to find its first resistance at 1.0324, and a rise through could take it to the next resistance level of 1.0368....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png JPY Weakness Broadens

The risk appetite slightly deteriorated overnight as the Japanese tertiary industry shrank by 1.1% in January, while the business conditions and confidence in Australia worsened in February. The equity markets traded slightly down. The Nikkei 225 retreated 0.30%, Hang Seng and Shanghai's Composite lost 0.32% and 1.1%, followed by Taiex...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD Holding Near The 1.3000 Pivot

There was no clear driver to guide trading in the major currency cross rates on Monday. EUR/USD held a tight range near the 1.30 mark. Sterling continued to fight an uphill battle both against the euro and the dollar. Will today's UK data reinforce the sterling negative sentiment?...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 1.0200
(GAINSY Elliott Wave Analysis)

AUD/USD – 1.0229

Recent wave: Wave 4 ended at 0.8066 and wave 5 has possibly ended at 1.1081

Trend: Up

Original strategy :
Buy at 1.0185, Target: 1.0385, Stop: 1.0125

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/JPY – Buy at 95.25

Although the greenback has resumed recent upmove earlier today, lack of follow through buying on fracture of resistance at 96.60 suggests consolidation would be seen and current fracture of the Ichimoku cloud top suggests retracement to support at 95.50 would be seen but the Ichimoku cloud bottom (now at 95.24) should limit downside and bring another upmove later to 97.00, having said that, reckon 97.50-55 (1.618 times projection of 90.88-93.73 measuring from 92.92) would cap upside due to loss of upward momentum...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Hold short entered at 1.3050

Despite overnight brief bounce to 1.3054, as the single currency has retreated from there, retaining our bearishness for weakness to yesterday’s low at 1.2980, however, fracture there is needed to signal the recoil from 1.2956 has ended and bring retest of this Friday’s low, once this support is penetrated, thsi would signal recent decline from 1.3711 has resumed and extend weakness to 1.2935-40, however, oversold condition should prevent sharp fall below 1.2900-05 (50% projection of 1.3434-1.2967 measuring from 1.3135) and risk from there is seen for another corrective recoil to take place later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Sell at 1.4950

Although cable has fallen again after brief recovery due to the release of soft UK data and indicated target at 1.4835-37 (50% projection of 1.5845-1.5073 measuring from 1.5223) had been met, loss of near term downward momentum should prevent sharp fall below 1.4800, reckon 1.4775-80 would hold from here, risk from there is seen for another recoil later...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png European Stocks Little Changed Ahead Of Bundesbank Statement

Germany's central bank, the Bundesbank is due to release its annual report for last year, followed by a press conference. A looming rift is crystal clear between politicians and policymakers in Europe over the role of the European Central Bank, where two senior members of Germany`s coalition government called for...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png U.K. Trade Deficit Widens, Manufacturing Output Drops To Add To Uncertainty

U.K.'s trade deficit widened and manufacturing production decreased in January, despite the pound's depreciation, adding more uncertainty to the British economy's outlook. Goods trade deficit narrowed to 8195 million pounds in Jan. from 8738 million pounds in Dec. as exports fell 3.5 percent to 24.8 billion pounds, while imports declined...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP Drop On Weak Data

The currency markets are mostly dominated by profit taking and speculative positioning as the investors seek direction these days. The Wall Street rally gave a short-lived boost to risk-positive currencies in New York, yet the limited enthusiasm in Asia lead to some consolidation during the overnight session. AUD and NZD...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: JPY Recovers as Iwata Nomination Opposed by DPJ
(GAINSY Technical Analysis)

JPY recovers after hitting a 3 1/2 year low against dollar on news that opposition party DPJ will object to nomination of Iwata as BoJ governor. DPJ policy chief Mitsuru Sakurai criticized that Iwata's view on amending BoJ law including "allowing for firing people" is a "complete violation" of the...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/JPY – Buy at 95.25

USD’s retreat after intra-day initial brief rise to 96.71 has retained our view that consolidation below this level would be seen and near term downside risk remains for retracement to support at 95.50 and possibly the Ichimoku cloud bottom (now at 95.36), however, reckon 95.26 (38.2% Fibonacci retracement of 92.92-96.71) should limit downside and bring another upmove later to 97.00, having said that, reckon 97.50-55 (1.618 times projection of 90.88-93.73 measuring from 92.92) would cap upside due to loss of upward momentum...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: EUR/USD – Sell again at 1.3045

Although the single currency staged a brief bounce in New York morning in part due to the release of soft U.S. data, renewed selling interests emerged at 1.3075 and price has retreated again from there, reviving our bearishness and consolidation with downside bias is seen for another test of intra-day support at 1.2992, however, fracture of indicated support at 1.2980 (yesterday’s low) is needed to signal the recoil from 1.2956 has ended and bring retest of this Friday’s low, once this support is penetrated, thsi would signal recent decline from 1.3711 has resumed and extend weakness to 1.2935-40 but oversold condition should prevent sharp fall below 1.2900-05 (50% projection of 1.3434-1.2967 measuring from 1.3135) and risk from there is seen for another corrective recoil to take place later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: GBP/USD – Sell at 1.5015

Despite intra-day brief fall to 1.4832 (reached indicated downside target at 1.4835-37 - 50% projection of 1.5845-1.5073 measuring from 1.5223), the subsequent recoil suggests an intra-day low is possibly formed and consolidation with mild upside biads is seen for test of intra-day resistsance at 1.4920, and possibly towards 1.4973--74 (38.2% Fibonacci retracement of 1.5200-1.4832 and current level of the Ichimoku cloud top), however, reckon 1.5016 (50% Fibonacci retracement) and bring another decline later. A fracture of said support at 1.4832 would extend recent downtrend to 1.4800 but loss of near term downward momentum should prevent sharp fall below 1.4775-80, risk from there is seen for another recoil later...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png What Gives? EURO Is Locked, Cable Is Horrible and JPY Not Wanted

JPY and more selling of it about sums it up for another relative dull overnight forex session perforated with a few CNY band-widening rumors. Well, it was dull until the release of disappointing UK data continued their economy's dismal uninterrupted economic run. USDJPY traded to 96.70, a three and a...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Fundamental Update: Gold and its Key Drivers

A lot of the bad news weighing on gold like weak global inflationary pressures and a drop in demand from Chinese and Indian consumers seems to be priced in. The dollar rally may have petered out a little after last bank week giving the gold price room to breathe. In the...

Follow & Read GAINSY Forex Broker Online
______________________________
Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases