GAINSY Hottest Forecasts

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Mixed, EUR Weak Amid Cyprus Uncertainty

The USD is trading mixed and the euro is broadly lower after disappointing PMI's and the ongoing banking crisis in Cyprus. EU finance ministers are said to be discussing a good bank/bad bank structure in which the assets of uninsured deposits would be placed in a bad bank and then...

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http://www.gainsy.com/templates/sj_w.../icons/usd.pngAussie Roars Through 1.04 Targetting 1.0512/32

The Australian dollar roared higher overnight taking out 1.04 with ease and trading up to a high of 1.0458 below which it just sits as I write at 1.0451. We here at Global FX have a hypothesis that what has happened in Cyprus this bank week, and possibly Italy and Spain...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CHF: Swiss Trade Surplus Narrowed In February, Swissy Trading Tad Lower This Morning

The pair is expected to find support at 0.9442, and a fall through could take it to the next support level of 0.9416. The pair is expected to find its first resistance at 0.9488, and a rise through could take it to the next resistance level of 0.9508....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Dropped On Cyprus Worries, Weak European Economic Data, Trading Tad Higher In The Asian Session

The pair is expected to find support at 1.2879, and a fall through could take it to the next support level of 1.2843. The pair is expected to find its first resistance at 1.2951, and a rise through could take it to the next resistance level of 1.2987....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: GBP Gained On Upbeat Economic Data, Trading Tad Higher This Morning

The pair is expected to find support at 1.5127, and a fall through could take it to the next support level of 1.5068. The pair is expected to find its first resistance at 1.5228, and a rise through could take it to the next resistance level of 1.5270....

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

The pair is expected to find support at 94.33, and a fall through could take it to the next support level of 93.72. The pair is expected to find its first resistance at 95.77, and a rise through could take it to the next resistance level of 96.59....

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Australia's CB Leading Economic Index Rises In January

The pair is expected to find support at 1.0373, and a fall through could take it to the next support level of 1.0318. The pair is expected to find its first resistance at 1.0471, and a rise through could take it to the next resistance level of 1.0514....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Continues To Move Northwards In The Asian Session

The pair is expected to find support at 1.0207, and a fall through could take it to the next support level of 1.0173. The pair is expected to find its first resistance at 1.0268, and a rise through could take it to the next resistance level of 1.0295....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Holding Its Breath

While the Cyprus bailout crisis found no resolution so far, the risk sentiment further deteriorated as the Japan FinMin Aso stated that it won't be easy to achieve 2% inflation target. The Nikkei 225 decreased 2.4%, Shanghai's Composite added a tiny 0.2%, Hang Seng retreated 0.5%, Taiex and Kospi index...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD Limits Losses Despite Weak PMI's And Cyprus Chaos

EUR/USD lost only modest ground despite intrinsically bearish euro developments. If a Cypriot default is averted, some technical recoil might be possible. Sterling gained, also versus dollar, on surprisingly strong retail sales. Will cable retest key resistance?...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Russia Simply Says No!

The Cyprus bailout crisis is deepening, while the pressures on the Cypriot Parliament rise increasingly. The negotiations in Russia delivered no solution, and ECB is determined to not come back on its decision to suppress the ELA as soon as Monday. In reaction, the markets seems unwilling to rush into...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Draghi's EUR To Test 'Do Whatever It Takes'

It's remarkable, Capital Markets remain composed; most likely due to the fact that investors have gotten used to the last minute Euro solutions. From current levels, the recovery potential for the 'single' currency is limited if a solution is found. Failure and the EUR will come under considerable downward pressure,...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Bailout Version 3.0

The market is waiting patiently for a vote on a third version of the Cypriot bailout package, which has already been held up by Nicosia. The debate of a second new bailout plan, which would aim to raise the five billion euro needed to get EU ECB IMF...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Recovers On Cyprus Optimism, Still Vulnerable
(GAINSY Fundamental Analysis)

Euro's earlier weakness was relatively limited and has indeed recovered mildly into US session. Russia had refused to provide additional support to Cyprus, and the island country must now make up a proposal for its international bailout before ECB's ELA deadline on Monday. Lawmakers debates the legislation today to raise...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: EUR/USD – Buy at 1.2920

EUR/USD – 1.2978

Most recent candlesticks pattern : N/A

Trend : Down

Tenkan-Sen level :1.2948
Kijun-Sen level :1.2944
Ichimoku cloud top :1.2922
Ichimoku cloud bottom :1.2911

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/CHF – Sell at 0.9460

USD/CHF - 0.9407

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :0.9434
Kijun-Sen level :0.9441
Ichimoku cloud top :0.9452
Ichimoku cloud bottom :0.9451

Original strategy : Sell at 0.9550, Target: 0.9400, Stop: 0.9585

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Weekly Focus: Cyprus Rocks the Boat
(GAINSY Fundamental Analysis)

Insignificant Cyprus rocks the boat Weak PMIs signal that the euro area remains in recession The Fed maintains dovish message despite stronger data In China recoiling HSBC PMI suggests the recovery has not lost steam More policy flexibility for BoE but inflation target maintained...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: EUR/USD – Buy at 1.2950

EUR/USD – 1.3024

Most recent candlesticks pattern : N/A

Trend : Down

Tenkan-Sen level :1.3010
Kijun-Sen level :1.2970
Ichimoku cloud top :1.2924
Ichimoku cloud bottom :1.2911

Original strategy: Buy at 1.2920, Target: 1.3040, Stop: 1.2885

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: GBP/USD – Buy at 1.5125

GBP/USD - 1.5248

Most recent candlesticks pattern : N/A

Trend : Near term up

Tenkan-Sen level : 1.5246
Kijun-Sen level :1.5219
Ichimoku cloud top :1.5170
Ichimoku cloud bottom :1.5119

Original strategy : Buy at 1.5055, Target: 1.5205, Stop: 1.5020

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/CHF – Sell at 0.9460

USD/CHF - 0.9397

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :0.9383
Kijun-Sen level :0.9411
Ichimoku cloud top :0.9463
Ichimoku cloud bottom :0.9447

Original strategy : Sell at 0.9460, Target: 0.9360, Stop: 0.9495

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online
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(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Weekly Stocktaking and Forecast: Euro Loss Limited Despite Cyprus Turmoil and Weak Data, Rebound Ahead?

Cyprus was the center of focus last bank week. But we'd like to point out that despite the turmoil in Cyprus and weak economic data, Euro's selloff was rather limited. Indeed, there were some strength for recovery towards the end of the bank week as EUR/USD closed at 1.2983, not far from...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Jumps Broadly on Cyprus Bailout Deal

Euro strengthens broadly as the bank week starts as Cyprus has finally agreed on a deal with its international lender on the EUR 10b bailout, which would avoid collapse of the banking system, sovereign default and eventual exit from Eurozone. Under the latest deal, the island country's second largest bank, Laiki,...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png JPY Approaching Support As We Wait On Cyrpus, Watch 93.98

FX Markets were more positive into the close of the bank week with hopes that there would be a Cyprus deal over the bank weekend but as markets awaken in Asia this morning so far all we know is that the President of Cyprus has jumped on a plane and is headed...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Avoids Financial Collapse But At A Cost

Cyprus is set to receive a EUR10bln bailout after an agreement was reached between the struggling island nation and the troika and EU ministers. The deal is similar to a proposal put forward by the IMF and Germany last bank week, whereby the island's two-largest lenders take the brunt of the...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Gains As Cyprus Secures Bailout, Avoids Bankruptcy

The pair is expected to find support at 1.2932, and a fall through could take it to the next support level of 1.2829. The pair is expected to find its first resistance at 1.3094, and a rise through could take it to the next resistance level of 1.3153....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: GBP Advances As Hometrack House Prices Rise The Most In Three Years

The pair is expected to find support at 1.5194, and a fall through could take it to the next support level of 1.5143. The pair is expected to find its first resistance at 1.5280, and a rise through could take it to the next resistance level of 1.5315....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: JPY Trading Lower Ahead Of New BoJ Governor Testimony

The pair is expected to find support at 94.38, and a fall through could take it to the next support level of 93.86. The pair is expected to find its first resistance at 95.22, and a rise through could take it to the next resistance level of 95.55....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Advanced As Oil Prices Rose On Improved Risk Appetite, Trading Slightly Lower This Morning

The pair is expected to find support at 1.0209, and a fall through could take it to the next support level of 1.0190. The pair is expected to find its first resistance at 1.0257, and a rise through could take it to the next resistance level of 1.0286....

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Aussie Trading Tad Higher This Morning

The pair is expected to find support at 1.0426, and a fall through could take it to the next support level of 1.0403. The pair is expected to find its first resistance at 1.0468, and a rise through could take it to the next resistance level of 1.0487....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Secures Bailout, Euro Gains

After long hours of negotiations Cyprus finally secured the fifth euro area bailout since 2009 after it reached agreement with Troika on measures to shrink its banking sector to secure 10 billion euro bailout. The market is certainly relieved to see Cyprus safe of a mess fracturedown in the banking...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Time For A Rebound In The GBP?

Cyprus, the tiny island that accounts for a mere 0.2% of GDP in the Eurozone and even makes Greece look sizable, has dominated headlines this bank week. And as European markets edge into the bank weekend a bailout deal for the country remains in the balance. The clock is ticking: a deal...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Agrees On Bailout

Cyprus agreed on the bailout package overnight and avoided the ECB’s deadline to cut the emerging funding to Cypriot banks, which would have taken effect today if no deal was reached. The Cypriot Parliament accepted the deal on the capital controls and the wind down of the second biggest Cypriot...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Hold long entered at 1.2950

As the single currency has decreased sharply after intra-day brief recovery, suggesting cauition on our long position entered at 1.2950 and 1.2915-20 needs to hold to retain prospect of another recoil, above 1.3025-30 would suggest the retreat from 1.3050 has ended and bring another test of this level, above there would extend the move from 1.2844 low to 1.3070-75, however, resistance at 1.3107 should limit upside, bring another declne later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5125

As the British pound has retreated after intra-day initial rise to 1.5280, suggesting consolidation below this level would be seen and pullback to d gain to the Ichimoku cloud top (now at 1.5180) is likely, however, the lower Kumo (now at 1.5121) should limit downside and bring another upmove later. A fracture of said resistance would signal the upmove from 1.4832 low has resumed and extend gain to 1.5300 but reckon 1.5335-40 would hold on first testing due to loss of near term upward momentum, bring retreat later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/CHF – Sell at 0.9490

Current strong recoil suggests a temporary low has been formed at 0.9354 earlier today and upside risk remains for retracement of recent decline to last bank week’s high of 0.9491, however, renewed selling interests should emerge there and bring another decline later. A fracture of 0.9380-85 would signal the recoil from 0.3954 has ended and a retest of this level would follow but fracture there is needed to confirm recent decline has resumed for weakness to 0.9339 (previous resistance) and possibly 0.9300...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Bailout in Place - But Crisis Not Solved

The second largest bank Popular Bank of Cyprus (also known as Laiki) will be dissolved immediately. Deposits below EUR100,000 will be shifted to Bank of Cyprus (BoC) to create a 'good bank'. It will take EUR9bn of ELA with it. Deposits above EUR100,000 will create a 'bad bank',...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Rebounds Moderately After Cyprus Deal

On Friday, currency traders anticipated a deal on Cyprus during the bank weekend. In a market that was already short euro, this protected the downside of the euro. This morning, the euro shows some moderate gains after the Cyprus deal, but we don't expect a big change in trend. The focus...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Recovers On Cyprus Relief

Cyprus agreed on the Eur10bn bailout package before the ECB cut the ELA liquidity this Monday. The last-minute deal triggered a mini relief rally, yet the upside was quickly capped. The implications of such a bailout appears rather Euro-negative on the mid-to-long run. Moody's commented that the Cyprus crisis is...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Short Relief But No Enthusiasm For The EUR

There are no new surprises with the Eurozone Houdini package reached last night. Everything was very much signposted late last bank week. Cyprus has little alternative but to eventually agree to any harsh terms presented to them. Their one potential ally, Russia, was not interested however, they may be now....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Recovery Lost Steam
(GAINSY Technical Analysis)

Euro recovered earlier today on news fro Cyprus but so far the common currency failed to gather steam for stronger recoil. Indeed, EUR/USD is back trading below 1.3 psychological level at the time of writing. The latest deal of Cyprus is viewed as a dangerous precedent for the Eurozone and...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY – Hold short entered at 123.30
(GAINSY Elliott Wave Analysis)

Despite intra-day brief bounce to 123.85, current retreat has retained ouor consolidative view and as long as this level holds, mild downside bias remains for another fall to intra-day support at 122.15, fracture there would signal the recoil from 121.50 (last bank week’s low) has ended and bring weakness to this...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR's Cyprus "Bounce" Starts to Fade
(GAINSY Fundamental Analysis)

The market is digesting the details of the Cyprus bailout deal, and while infinitely more preferable to the initial bailout plan complete with haircuts for all deposit holders; the plan isn't seen as the panacea to Cyprus's or to the Eurozone's problems. The market initially bounced to 1.3050 on the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/JPY – Sell at 94.80
(GAINSY Ichimoku Analysis)

Despite intra-day brief bounce to 94.97, as the greenback retreated again, suggesting another test of Friday’s low at 94.21 would be seen, fracture there would extend the fall from last bank week’s high of 96.14 to 94.00 and possibly 93.80, however, as broad outlook is still consolidative, downside should be limited and support at 93.50 should remain intact, bring another recoil later this bank week...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/JPY – Sell at 94.90

USD/JPY – 94.18

Most recent candlesticks pattern : N/A

Trend : Sideways

Tenkan-Sen level : 94.16
Kijun-Sen level : 94.23
Ichimoku cloud top : 95.12
Ichimoku cloud bottom : 94.64

Original strategy : Sell at 94.80, Target: 93.80, Stop: 95.15

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/CHF – Buy at 0.9420

USD/CHF - 0.9479

Most recent candlesticks pattern : N/A

Trend : Sideways

Tenkan-Sen level :0.9485
Kijun-Sen level :0.9441
Ichimoku cloud top :0.9418
Ichimoku cloud bottom :0.9405

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Back Under Selling Pressure on Dijsselbloem's Comments
(GAINSY Technical Analysis)

The boost from the Cyprus deal to Euro was very weak and brief. The common currency reversed earlier gains and decreased sharply overnight, breaching last bank week's low against other major currencies. Deterioration in sentiments also sent US stock indices lower and pressured Asian equities. There were mixed reports on whether...

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