Market Snapshot

Market Report for Jan 20th 2012

January 20, 2012

Daily Forex Market Report EURUSD has kept climbing without even testing 282, and more surprisingly seems to have broken 294 ! This level is a salient pivot on (2H/4H) hence should determine whether the excursion south of it since beg on Jan is now over. Too early to say yet exogenous factors such as overselling [...]

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Market Report for Jan 19th 2012

January 19, 2012

Daily Forex Market Report EURUSD: The Euro not only tested 282 but broke it to reach previous highs. The highs trendline on (4H+) is also about to give in which would allow a firmer retracement to Fib, yet as mentioned in recent reports, after such a fall since mid OCtober (D) bearish resilience is sitting [...]

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Daily Market Report for Jan 18th 2012

January 18, 2012

Daily Forex Market Report EURUSD: The Euro behaved as expected yet surprised us a little on Kase turnaround points. The Euro indeed climbed above the higher Fib to almost at the next salient level (282), then retraced yet above 270. One can presume that one fast Kase 2725 acted as a stall level in the [...]

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Market Report for Jan 17th 2012

January 17, 2012

Daily Forex Market Report EURUSD: we were a bit hesitant yesterday and adivsed to go with the flow on Kase because despite a continued bearish pressure on long time frames, it seemed apparent the market would try and hold the the 269-270 support on (2H+). This level may now play the pivot role and also [...]

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Market Report for Jan 16th 2012

January 15, 2012

Daily Forex Market Report The Euro suffered a bit after the long overdue downgrade of France. Why didn’t Germany get the same fate is a mystery, or the 2 economists at S&P playing with their divine powers of the markets are maybe germanophiles, who knows… The Euro therefore slid back to 267 and is this [...]

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Forex Market Report for Jan 13th 2012

January 13, 2012

Daily Forex Market Report The Euro bumped on 276 yesterday morning as anticipated yet charged again to 282 major pivot on longer Kase as well as (2H/4H), even reaching Fib expansion target on 283-284. However, despite a good run the Euro does not show enough strength to move much higher and a return to the [...]

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Forex Market Report for Jan 12th 2012

January 12, 2012

Daily Forex Market Report EURUSD slid to last week’s lows again, penetrating 267 for a while before creeping back above support. Bearish pressure is visible to the point support may well break eventually. The longer term pattern mentioned over the last couple of days is still there, but again it would be too premature to [...]

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Market Report for Jan 11th 2012

January 11, 2012

Daily Forex Market Report EURUSD briefly hit our target near 282 to resume its course south as anticipated. Selling pressure proved stronger than expected passing potential support on 2755 without blinking an eye. There is no some Fib level on 272-273 and despite pronounced bearishness, the Euro will probably try and settle on a higher [...]

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Market report for Jan 10th 2012

January 10, 2012

Daily Forex Market Report EURUSD bounced off lows to reach 279-280 (Fib) yet is remaining quite weak on longer (2H+) time frames. The Euro certainly passed bearish resilience level there, and could aim to 282 although it is rather confronted to uncertainty on shorter Kase, trying to hold pivot level (2755) for the time being. [...]

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