Add your banner 728x90 on Top for 3, 7, 15, 30 days advertising...

Talk-HYIP Buttons

Go Back   Money Making Forum - HYIP Listings > Other Ways to Make/Save Money > Forex Trading / Day Trading
User Name

Thread Tools Display Modes
Old 12-16-2013, 08:13 AM
alayoua alayoua is offline
Senior Investor
Join Date: Jul 2011
Posts: 537
Default Forex Technical & Market Analysis FXCC Dec 16 2013

Forex Technical & Market Analysis FXCC Dec 16 2013

All eyes on the FOMC meeting later this week, whilst Markit Economics PMIs also take centre stage

Sunday evening witnesses the publication of the Westpac consumer sentiment survey for New Zealand, the previous print came in at 115.4, the anticipation is for a similar result. The Japanese Tankan manufacturing index is published late Sunday evening, predictions are for a figure of 15, up from the previous month's figure of 12. The non-manufacturing Tankan index is also published, expected in at 16 from the previous print of 12. In the UK the Rightmove asking house price index is published, in the previous month asking prices fell by 2.4% therefore an improvement is expected. The Chinese HSBC flash manufacturing index is published late Sunday evening with the expectations that a small rise from 50.5 to 51 will be witnessed. Monday sees the publication of French flash PMI manufacturing and services data courtesy of Markit economics; both indices are expected to rise, manufacturing to 49.1, services to 48.9. Germany's twin PMI Markit gauges are also published; manufacturing predicted in at 53.1 services at 55.2. Finally Europe's are published with manufacturing predicted in at 51.9 with services at 51.5. Europe's trade balance published Monday is expected in at ?15.2 bn, meanwhile the Bundesbank's tentative monthly survey is published. In the USA we witness the publication of the Empire State manufacturing survey, last month saw a surprise fall to -2.2%, a restoration of positive data is expected, with the print potentially coming in at 4.9. Flash Markit manufacturing PMI is published for the USA, expected in at 54.9, whilst industrial production is expected to rise by 0.6% from the previous month's figure of -0.1%. The ECB president Mario Draghi speaks mid-afternoon European time on Monday, the expectation is that he'll cover the subjects of: the strength of the euro, countries such as Ireland moving out of various bailout imposed austerity measures, interest rate reductions, European banking union and the potential for quantitative easing - through a bond buying programme.

2013-12-16 13:58 GMT | USA. Markit Manufacturing PMI (Dec)Preliminar
2013-12-16 14:00 GMT | EU. ECB President Draghi's Speech
2013-12-16 14:00 GMT | USA. Net Long-Term TIC Flows (Oct)
2013-12-16 14:15 GMT | USA. US Industrial Production (MoM) (Nov)

2013-12-13 22:14 GMT | Session recap: Dollar extends the swing ahead FOMC
2013-12-13 21:58 GMT | AUD/USD, stay bearish?
2013-12-13 21:42 GMT | EUR/CAD a sure sell?
2013-12-13 21:25 GMT | GBP/JPY ending the week on the back foot

HIGH 1.3761 LOW 1.37287 BID 1.3756 ASK 1.37564 CHANGE 0% TIME 08 : 40:51

TREND CONDITION : Downward penetration

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Medium term bias tends to slide into the bearish side. Further market rise is limited now to the key resistive barrier at 1.3777 (R1), clearance here is required to enable next resistances at 1.3792 (R2) and last one at 1.3806 (R3). Downwards scenario: Risk of market decline is seen below the next support level at 1.3737 (S1). Loss here might downgrade currency rate towards to the next supportive means at 1.3723 (S2) and 1.3706 (S3) in potential.

Resistance Levels: 1.3777, 1.3792, 1.3806
Support Levels: 1.3737, 1.3723, 1.3706

HIGH 1.63095 LOW 1.62871 BID 1.63069 ASK 1.63075 CHANGE 0% TIME 08 : 40:51


Upwards scenario: Even though instrument trades above the moving averages, it keeps immediate downside potential. Next hurdle is seen at 1.6314 (R1), break above it might extend gains towards to next targets at 1.6333 (R2) and 1.6353 (R3). Downwards scenario: Possible downside extension might face next supportive barrier at 1.6290 (S1). Clearance here is required to open the way towards to our initial support at 1.6268 (S2) and any further price regress would then be limited to final support at 1.6246 (S3).

Resistance Levels: 1.6314, 1.6333, 1.6353
Support Levels: 1.6290, 1.6268, 1.6246

HIGH 103.291 LOW 102.643 BID 102.821 ASK 102.827 CHANGE 0% TIME 08 : 40:51

TREND CONDITION : Upward penetration

Upwards scenario: Further uptrend evolvement is limited now to the local high at 102.92 (R1). Break here is required to enable higher targets at 103.08 (R2) and 103.28 (R3). Downwards scenario: Price regress below the support level at 102.65 (S1) would increase likelihood of failing towards to our key supportive barrier at 102.51 (S2) and any further market decline would then be targeting final support for today at 102.35 (S3).

Resistance Levels: 102.92, 103.08, 103.28
Support Levels: 102.65, 102.51, 102.35

Source: FX Central Clearing Ltd,( )
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT. The time now is 03:36 PM.

Contact Us - Home - Archive - Top

Powered by vBulletin & Talk-HYIP
2000 - 2021
All posts on are the opinions of the individual posters and not necessarily those of or it's owner. does not support or endorse any programs and/or opportunities discussed here, & we do not give investment advice. We also do not research the opportunities discussed here. We simply provide a place for discussion.