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February 4, 2013

Weekly forex post – USD/CAD 4th – 9th February ,2013

Posted by: FreeForexSignal.com @ 04:25 GMT Category: Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC
Open High Low Close Change
1.0055 1.0100 0.9953 0.9963 -0.0093
Weekly Support and Resistance
Resistance
Support
R3 1.0170
R2 1.0100
R1 0.9990
   
S1 0.9940
S2 0.9925
S3 0.9860

The greenback ended the week with losses of 0.92%, falling below parity after six sessions. The pair should hold on to 0.9920- 0.9940; bottom of the near- tem bullish channel. However, crucial support placed at 0.9860, close below which the trend remains highly bearish in favour of the USD. usdcad weekly

Trend direction

  • Short and medium term trend- Bullish
  • Long term trend- Bearish

Recommendations

  • Long:
    • Long USD/CAD at 0.9930 with a stop loss at 0.9890 for a profit target of 0.9990
    • Long USD/CAD at 0.9860 with a stop loss at 0.9810 for a profit target of 0.9990
  • Short:
    • Short USD/CAD at 0.9810 with a stop loss at 0.9870 for a profit target of 0.9720
Post ID: 3754

Weekly forex post – USD/CHF 4th – 9th February ,2013

Posted by: FreeForexSignal.com @ 04:18 GMT Category: Signals,USD/CHF,Weekly Forex

Technical view – USD/CHF

USD/CHF this week

SPOT USD/CHF Previous week OHLC
Open High Low Close Change
0.9274 0.9292 0.9019 0.9077 -0.0183
Weekly Support and Resistance
Resistance
Support
R3 0.9360
R2 0.9180
R1 0.9140
   
S1 0.9000
S2 0.8925
S3 0.8875

The US dollar extended its losses for the second successive week, to close lower by 1.97%. The pair failed to hold on the 0.9140- 0.9150 levels and slipped to the bottom of the near- term bearish channel before bouncing back. The near- term trend remains bearish with major support at 0.9000, while resistances are placed at 0.9140- 0.9180, break of which the pair can rally to 0.9350- 0.9375

usdchf weekly chart

Trend direction

  • Short, Medium and long term trend- Bearish

Recommendations

  • Long:
    • Long USD/CHF at 0.9000, S/L- 0.8950, P/T- 0.9140
    • Long at 0.9230, S/L- 0.9170, P/T-0.9325
  • Short:
    • Short USD/CHF at 0.9180 with a stop loss at 0.9230 for a profit target of 0.9050
Post ID: 3751

Weekly forex post – AUD/USD 4th – 9th February ,2013

Posted by: FreeForexSignal.com @ 04:10 GMT Category: AUD/USD,Signals,Weekly Forex

Technical view – AUD/USD

AUD/USD this week

SPOT AUD/USD Previous week OHLC
Open High Low Close Change
1.0415 1.0476 1.0358 1.0405 -0.0017
Weekly Support and Resistance
Resistance
Support
R3 1.0660
R2 1.0535
R1 1.0480
   
S1 1.0380
S2 1.0225
S3 1.0175

AUD/USD extended its losses for the third successive week to close lower by 0.16%. The pair was seen consolidating in the1.0350- 1.0550. Close below 1.0380, the pair can slide to 1.0175- 1.0225. The trend remains bearish with the upside capped at 1.0525- 1.0550

audusd weekly chart

Trend direction

  • Near, medium term trend- Bearish; Long term trend- Bullish

Recommendations

  • Long:
    • Long AUD/USD at 1.0350 with a stop loss at 1.0320 for a profit target of 1.0450.
  • Short:
    • Short AUD/USD at 1.0320 with a stop loss at 1.0360 for a profit target of 1.0230
    • Short AUD/USD at 1.0540 with a stop loss at 1.0590 for a profit target of 1.0400
Post ID: 3748

Weekly forex post – USD/JPY 4th – 9th February ,2013

Posted by: FreeForexSignal.com @ 04:01 GMT Category: Signals,USD/JPY,Weekly Forex

Technical view – USD/JPY

USD/JPY this week

SPOT USD/JPY Previous week OHLC
Open High Low Close Change
90.90 92.96 90.30 92.72 1.82
Weekly Support and Resistance
Resistance
Support
R3 96.75
R2 95.50
R1 94.00
   
S1 92.50
S2 91.00
S3 89.60

USD/JPY ended the week with gains of 2%, recording twelve successive weeks of positive closes. The greenback closed above near- term bullish channel and is holding at a crucial resistance of 92.75, break of which the pair should rally to 94.00- 95.50 in the near term with the medium term target placed at 96.50- 97.00. However, a close below 92.50 will negate this view.

usdjpy weekly chart

Trend direction

  • Near term trend- Bullish
  • Medium term trend- Bullish
  • Long term trend- Bearish

Recommendations

  • Long:
    • Hold on to long USD/JPY initiated at 92.20 with a stop loss at 91.80 for a profit target of 93.75.
  • Short:
    • Short USD/JPY at 91.80 with a stop loss at 92.10 for a profit target of 91.00
Post ID: 3744
January 28, 2013

Weekly forex post – USD/CAD 28th January – 02nd February ,2013

Posted by: FreeForexSignal.com @ 03:39 GMT Category: Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC
Open High Low Close Change
0.9918 1.0100 0.9900 1.0056 0.0140
Weekly Support and Resistance
Resistance
Support
R3 1.0225
R2 1.0160
R1 1.0130
   
S1 1.0040
S2 0.9950
S3 0.9900

USD/CAD ended the week with gains of 1.42%, extending last week’s gains and closing above parity for the first time since November last year. The pair should rally to 1.0150- 1.0225 from current levels before any meaningful correction can be seen. usdcad weekly

Trend direction

  • Short and medium term trend- Bullish
  • Long term trend- Bearish

Recommendations

  • Long:
    • Hold on to long USD/CAD positions initiated at 1.0050 with a stop loss at 1.0010 for a profit target of 1.0150
  • Short:
    • Short USD/CAD at 1.0225 with a stop loss at 1.0275 for a profit target of 1.0150
Post ID: 3655

Weekly forex post – USD/CHF 28th January – 02nd February ,2013

Posted by: FreeForexSignal.com @ 03:30 GMT Category: Signals,USD/CHF,Weekly Forex

Technical view – USD/CHF

USD/CHF this week

SPOT USD/CHF Previous week OHLC
Open High Low Close Change
0.9347 0.9354 0.9219 0.9260 -0.0089
Weekly Support and Resistance
Resistance
Support
R3 0.9600
R2 0.9525
R1 0.9400
   
S1 0.9200
S2 0.9150
S3 0.9000

USD/CHF ended the week with losses of 0.95%. The greenback failed to hold on to the previous week’s gains and slipped lower after unable to close above the top end of the bearish mid- term channel at 0.9400, suggesting some more weakness in the near- term.

usdchf weekly

Trend direction

  • Short term trend- Bullish, Medium and long term trend- Bullish

Recommendations

  • Long:
    • Long USD/CHF at 0.9150 with a stop loss at 0.9090 for a profit target of 0.9350
    • Long USD/CHF also at 0.9450 with a stop loss at 0.9390 for a profit target of 0.9575
  • Short:
    • Short USD/CHF at 0.9425 with a stop and reverse at 0.9450 for a profit target of 0.9250
Post ID: 3652

Weekly forex post – AUD/USD 28th January – 02nd February ,2013

Posted by: FreeForexSignal.com @ 02:41 GMT Category: AUD/USD,Signals,Weekly Forex

Technical view – AUD/USD

AUD/USD this week

SPOT AUD/USD Previous week OHLC
Open High Low Close Change
1.0510 1.0579 1.0398 1.0422 -0.0086
Weekly Support and Resistance
Resistance
Support
R3 1.0650
R2 1.0550
R1 1.0460
   
S1 1.0350
S2 1.0225
S3 1.0100

AUD/USD ended the week with losses of 0.82%. The pair was seen consolidating in the1.0350- 1.0550 range. Close below 1.0350, the pair can slide to 1.0100. The upside for now capped at 1.0650- 1.0700

audusd weekly chart

Trend direction

  • The near, medium and long term trend- Bullish

Recommendations

  • Long:
    • Long AUD/USD at 1.0350 with a stop loss at 1.0300 for a profit target of 1.0450.
  • Short:
    • Short AUD/USD at 1.0300 with a stop loss at 1.0360 for a profit target of 1.0210
    • Short AUD/USD at 1.0570 with a stop loss at 1.0610 for a profit target of 1.0450
Post ID: 3649

Weekly forex post – USD/JPY 28th January – 02nd February ,2013

Posted by: FreeForexSignal.com @ 02:31 GMT Category: Signals,USD/JPY,Weekly Forex

Technical view – USD/JPY

USD/JPY this week

SPOT USD/JPY Previous week OHLC
Open High Low Close Change
89.96 91.19 88.03 90.90 0.85
Weekly Support and Resistance
Resistance
Support
R3 94.00
R2 93.00
R1 91.50
   
S1 89.50
S2 88.75
S3 87.70

USD/JPY ended the week with gains of 0.94%, marking the eleventh successive week of positive closes, not witnessed in many decades. The pair was highly volatile and briefly broke mid and long- term supports at 89.50 and 88.75 correspondingly, but bounced off the lower end of the near- term bullish channel at 88.00. Expect the pair to trade in the 89.00- 91.50 range for the week.

usdjpy weekly

Trend direction

  • Near term trend- Topping out
  • Medium term trend- Bullish
  • Long term trend- Bearish

Recommendations

  • Short:
    • Short USD/JPY at 91.50 with a stop loss at 92.20 for a profit target of 89.75
  • Long:
    • Long USD/JPY at 92.20 with a stop loss at 91.70 for a profit target of 93.50
Post ID: 3646
January 21, 2013

Weekly forex post – USD/CAD 21th – 27th January ,2013

Posted by: FreeForexSignal.com @ 01:03 GMT Category: Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC
Open High Low Close Change
0.9839 0.9946 0.9828 0.9916 0.0070
Weekly Support and Resistance
Resistance
Support
R3 1.0150
R2 1.0025
R1 0.9950
   
S1 0.9850
S2 0.9750
S3 0.9700

USD/CAD ended the week with gains of 0.62%. The pair retraced a bit after grazing 0.9950, top end of the near- term bearish channel. The range remains between 0.9825- 0.9950 with the near-term trend being bearish and 0.9950 being a crucial resistance. Close above 0.9950- 1.0025, the pair could rally to 1.0150. Supports are placed at 0.9850 followed by 0.9700- 0.9750. usdcad chart weekly

Trend direction

  • Short and long term trend- Bearish
  • Medium term trend- Bullish;

Recommendations

  • Short:
    • Short USD/CAD at 0.9950 with a stop loss at 1.0010 for a profit target of 0.9850
  • Long:
    • Long USD/CAD at the break of 1.0050 with a stop loss at 0.9990 for a profit target of 1.0150
Post ID: 3576

Weekly forex post – USD/CHF 21th – 27th January ,2013

Posted by: FreeForexSignal.com @ 00:53 GMT Category: Signals,USD/CHF,Weekly Forex

Technical view – USD/CHF

USD/CHF this week

SPOT USD/CHF Previous week OHLC
Open High Low Close Change
0.9136 0.9389 0.9115 0.9349 0.0216
Weekly Support and Resistance
Resistance
Support
R3 0.9600
R2 0.9525
R1 0.9425
   
S1 0.9300
S2 0.9225
S3 0.9125

USD/CHF rallied last week to close at 2- month highs, gaining 2.36% week-on-week. The near- term trend remains bullish with major resistance at 0.9425; top end of the mid- term bearish channel, and a close above, expect a quick rally to 0.9600. Supports placed at 0.9300 and 0.9225. Long positions should be initiated only if the pair closes above 0.9425 or breaks it significantly.

usdchf weekly chart

Trend direction

  • Short term trend – Bullish
  • Medium and long term trend- Bearish

Recommendations

  • Short:
    • Short USD/CHF at 0.9425 with a stop loss at 0.9480 for a profit target of 0.9250.
  • Long:
    • Long USD/CHF at 0.9480 with a stop loss at 0.9410 for a profit target of 0.9600
Post ID: 3573
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