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January 21, 2013

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

Posted by: Richard @ 00:38 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
1.0535 1.0579 1.0482 1.0508 -0.0024
Weekly Support and Resistance
Resistance
Support
R3 1.0675
R2 1.0625
R1 1.0575
   
S1 1.0440
S2 1.0370
S3 1.0175

AUD/USD ended the week with losses of 0.15%. The pair continues to remain in a consolidation phase between 1.0375- 1.0675. Although the trend remains bullish, the direction will be clear ONLY when the pair breaks out of this range.

audusd weekly chart

Trend direction

  • The near, medium and long term trend- Bullish

Recommendations

  • Short:
    • Short AUD/USD at 1.0575 with a stop loss at 1.0640 for a profit target of 1.0450.
    • Short AUD/USD at 1.0675 with a stop loss at 1.0725 for a profit target of 1.0450
  • Long:
    • Long AUD/USD at 1.0375 with a stop loss at 1.0310 for a profit target of 1.0550.
Post ID: 3567

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

Posted by: FreeForexSignal.com @ 00:02 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
89.24 90.18 87.77 90.05 0.88
Weekly Support and Resistance
Resistance
Support
R3 95.50
R2 91.30
R1 90.60
   
S1 89.30
S2 88.70
S3 87.60

USD/JPY ended another week higher, with gains of 0.98%, marking the tenth successive week of positive closes. The pair broke through crucial resistance at 89.50 and is trading close to the top end of the near- term bullish channel at 90.60. Close above could lead to a fresh rally with targets of 95.50. However, leading indicators are suggesting negative divergences. Expect high volatility.

usdjpy weekly chart

Trend direction

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

Recommendations

  • Short:
    • Short USD/JPY at 91.20 with a stop loss at 91.80 for a profit target of 89.00
  • Long:
    • Long USD/JPY at 92.25 with a stop loss at 91.50 for a profit target of 95.00
Post ID: 3564
January 14, 2013

Weekly forex post – USD/CAD 14th – 20th January ,2013

Posted by: FreeForexSignal.com @ 07:00 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
0.9865 0.9886 0.9811 0.9846 -0.0024
Weekly Support and Resistance
Resistance
Support
R3 1.0180
R2 0.9950
R1 0.9890
   
S1 0.9820
S2 0.9760
S3 0.9700

USD/CAD ended the week with losses of 0.24%. The pair was trading in a tight 75 pip range with no indication of breaking out of the 0.9820- 0.9950 range. The trend remains bearish with crucial resistances at 0.9890 and 0.9950 while crucial supports are placed at 0.9820 and 0.9760.

usdcad-chart

Trend direction

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

Recommendations

  • Long:
    • Hold long USD/CAD positions initiated at 0.9850 with a SAR at 0.9800 for a target of 0.9890.
    • Long USD/CAD if the pair breaks 1.0100 with a stop loss at 0.9940 for a profit target of 1.0150
  • Short:
    • Short USD/CAD if the pair breaks 0.9800 with a stop loss at 0.9840 for a profit target of 0.9725.
Post ID: 3492

Weekly forex post – USD/CHF 14th – 20th January ,2013

Posted by: FreeForexSignal.com @ 06:52 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
0.9241 0.9285 0.9108 0.9133 -0.0109
Weekly Support and Resistance
Resistance
Support
R3 0.9420
R2 0.9300
R1 0.9250
   
S1 0.9050
S2 0.8875
S3 0.8750

USD/CHF ended the week with losses of 1.17%, after a positive close last week. The trend remains weak with major supports at 0.9850- 0.9880, while crucial resistances are placed at 0.9300 and 0.9420; top ends of the mid and short term bearish channels. Only a close above 0.9420 or break of 0.9480 would indicate a trend reversal with targets of 0.9750- 0.9800.

usdchf-chart weekly

Trend direction

  • Short, medium and long term trend- Bearish

Recommendations

  • Long:
    • Long USD/CHF at 0.9070 with stop loss at 0.9010 for a profit target of 0.9250.
  • Short:
    • 0.9010 with stop loss at 0.9070 for a profit target of 0.8900
Post ID: 3488

Weekly forex post – AUD/USD 14th – 20th January ,2013

Posted by: FreeForexSignal.com @ 06:44 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
1.0466 1.0598 1.0460 1.0532 0.0054
Weekly Support and Resistance
Resistance
Support
R3 1.0660
R2 1.0620
R1 1.0550
   
S1 1.0420
S2 1.0370
S3 1.0220

AUD/USD ended the week with gains of 0.51%. The pair was seen consolidating in a tight 140 pip range during the week. Although the trend remains bullish, the action in the near- term will be clear ONLY if the pair breaks out of the 1.0370- 1.0660 range.

audusd-chart

Trend direction

  • The near, medium and long term trend- Bullish

Recommendations

  • Long:
    • Long AUD/USD at 1.0370, with a stop loss at 1.0310 for a target of 1.0525
  • Short:
    • Short AUD/USD at 1.0650 with a stop loss at 1.0710 for a profit target of 1.0550.
    • Short AUD/USD also at 1.0310 with a stop loss at 1.0380 for a profit target of 1.0225.
Post ID: 3485

Weekly forex post – USD/JPY 14th – 20th January ,2013

Posted by: FreeForexSignal.com @ 06:30 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
88.17 89.44 86.81 89.17 1.05
Weekly Support and Resistance
Resistance
Support
R3 95.50
R2 90.75
R1 89.50
   
S1 88.60
S2 87.90
S3 86.00

USD/JPY extended its rally to close the week higher by 1.19%, marking the ninth successive week of positive closes. The rally could pause at 89.40- 89.60 after a 15.6% gain from the lows over the last 4 months, which saw the pair rally from 77.11 to close at 89.17 on Friday. Crucial resistance at 89.50; intersection of the trend line drawn from November 1982.

usdjpy chart

Trend direction

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

Recommendations

  • Short:
    • Short USD/JPY at 89.50 with a stop loss at 90.20 for a profit target of 88.00
    • Short USD/JPY at 87.25 with a stop loss at 88.00 for a profit target of 86.25
  • Long:
Post ID: 3482
January 7, 2013

Weekly forex post – AUD/USD 7th – 13th January ,2013

Posted by: FreeForexSignal.com @ 05:34 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
1.0369 1.0527 1.0357 1.0478 0.0108
Weekly Support and Resistance
Resistance
Support
R3 1.0640
R2 1.0610
R1 1.0560
   
S1 1.0375
S2 1.0225
S3 1.0110

AUD/USD ended the week with gains of 1.04%. The pair bounced off the 1.0350 mark and could be headed higher to 1.0560 followed by 1.0640; top end of the near and mid- term bullish channels. However, if the currency pair closes below 1.0370, expect a sharp fall to 1.0100

audusd weekly chart

Trend direction

  • The near, medium and long term trend- Bullish

Recommendations

  • Long:
    • Long AUD/USD at 1.0380, with a stop loss at 1.0320 for a target of 1.0540.
  • Short:
    • Short AUD/USD at 1.0625 with a stop loss at 1.0700 for a profit target of 1.0400.
    • Short AUD/USD also at 1.0310 with a stop loss at 1.0380 for a profit target of 1.0225.
Post ID: 3410

Weekly forex post – USD/CAD 7th – 13th January ,2013

Posted by: FreeForexSignal.com @ 05:26 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
0.9964 0.9976 0.9833 0.9870 -0.0099
Weekly Support and Resistance
Resistance
Support
R3 1.0175
R2 0.9960
R1 0.9875
   
S1 0.9825
S2 0.9700
S3 0.9500

USD/CAD ended the week with losses of 0.99%. The pair failed to break the 1.0000 mark for the third week in a row and could remain in the 0.9825- 0.9950 range for some more time. Only a break and close above 0.9960 or below 0.9800 will determine the direction of the trend. For now, the near- term trend remains bullish for an immediate target of 0.9960.

usdcad weekly chart

Trend direction

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

Recommendations

  • Long:
    • Hold long USD/CAD positions initiated at 0.9850 with a SAR at 0.9800 for a target of 0.9950.
  • Short:
    • Short USD/CAD if the pair breaks 0.9800 with a stop loss at 0.9850 for a profit target of 0.9700.
Post ID: 3407

Weekly forex post – USD/CHF 7th – 13th January ,2013

Posted by: FreeForexSignal.com @ 05:13 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
0.9128 0.9302 0.9075 0.9242 0.0111
Weekly Support and Resistance
Resistance
Support
R3 0.9430
R2 0.9380
R1 0.9300
   
S1 0.9240
S2 0.9180
S3 0.9060

USD/CHF ended the week with gains of 1.21%, bouncing back from an 8- month low and after three successive weekly losses. Crucial resistances placed at 0.9300 and 0.9430; top ends of the mid and short term bearish channels. Only a close above these levels will signal a trend reversal.

usdchf weekly chart

Trend direction

  • Short, medium and long term trend- Bearish

Recommendations

  • Short:
    • Short USD/CHF at 0.9300 with stop loss at 0.9350 for a profit target of 0.9200.
    • Short USD/CHF 0.9430 with stop loss at 0.9460 for a profit target of 0.9250
  • Long:
    • 0.9460 with stop loss at 0.9420 for a profit target of 0.9520.
Post ID: 3401

Weekly forex post – USD/JPY 7th – 13th January ,2013

Posted by: FreeForexSignal.com @ 05:01 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
85.78 88.40 85.68 88.12 2.11
Weekly Support and Resistance
Resistance
Support
R3 91.20
R2 89.70
R1 88.60
   
S1 87.70
S2 86.85
S3 85.30

USD/JPY rallied sharply to end the week higher by 2.45%, marking the eighth successive week of positive closes and extending its gains to a near 30- month high. The rally could extend to 88.60- 89.70, which is the top end of the bullish long- term channel and the long- term breakout zone respectively. Expecting a correction to 85.00- 85.50, the lower end of the near term bullish channel.

usdjpy-chart

Trend direction

  • Near- term trend- Topped out
  • Medium- term trend- bullish
  • Long- term trend- topping out

Recommendations

  • Short:
    • Short USD/JPY at 88.60 with a stop loss at 89.20 for a profit target of 85.50.
    • Short USD/JPY at 89.50 with a stop loss at 90.30 for a profit target of 87.00
  • Long:
Post ID: 3398
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