Forexpros.com Daily Analysis - 27/01/2010

2010-01-28 00:03 | View:

Fundamental analysis: U.S. durable goods orders

Traders expect the core durable goods orders will be held tomorrow (January 28 published). It is used to measure the total value of new orders for durable goods excluding transportation changes.
As the aircraft order is capricious, and the core gives a number of orders for a better measure of the trend.
High indicates that manufacturing activity is increasing.
Higher than expected readings should be positive / dollar bullish, while the lower than expected reading should be taken to a negative / bearish on the dollar. The previous reading of 2.00%, analysts are expected to fall to 0.40%.

---

EURUSD

Closer to 1.4014 yesterday, as we have reached 1.4040,1.4014 will remain in our central focus of the other day. The euro remained at the bottom 1.4027, which is very close to 1.4014, the most important support. Despite the increase in the efforts are not falling slightly below the trend line from 1.4554. Today's resistance is in this specific, currently running at the 1.4116 trend line. We will be 1.4014 to support all our attention, and not receive any level. Will start in a day to break the resistance of strong growth for the 1.4237 and 1.4302 Fibonacci level. However, if all the important support of 1.4014 was broken, strong and significant decline from 1.4577 until it gained 550 points, this moment will be strong, and target the 1.3928 and 1.3857. We have a very interesting day in front of us, let us enjoy it.

Technical support:
• 1.4014: Fibonacci 50% of the long-term (up to 1.5143 from 1.2885).
• 1.3928:7 15 low.
• 1.3857:5 26 low.

Resistance:
• 1.4116: downward trend from 1.4554 hours on-line map.
• 1.4237: Fibonacci 38.2% of the overall decline from 1.4577.
• 1.4302: Fibonacci 50% of the overall decline from 1.4577.

---

USD / JPY

Penetration of 89.79 U.S. dollars a major re-yen, but this time, we have a close below, and reached 89.12. The importance of the 89.79 comes from the fact that the Fibonacci 61.8 increased from 87.37 percent to 93.75 as a whole. And a breakthrough, any bias against the U.S. dollar has lost its best advocate! On the other hand, we have noted a trend line that deserves attention, and provide support in the past four times. Prices have been hit this year, slightly lower than in the past has held for several hours. If the bank is to provide support and 89.12 can not be broken. In this case, we will usher in that the resistance of 89.69, if the break then the prices will be found around the trend line support, start to rise again against the present 90.90 90.30 and the most important resistance. Another option is to break the 89.12 in this case, the prices will continue to use the rest, 89.79, and went to 88.30 and 87.72.

Technical support:
• 89.79: Fibonacci 61.8% of the total rose to 87.35 to 93.75 motion.
• 88.91:12 18 low.
• 88.30:12 14 low -

Resistance:
• 90.30: prior to an important support.
• 91.06: Golden 50% in the short term.
• 91.64: The trend line down from 93.75.
 

Share/Bookmark

Recommended Forex Trading Platforms

A 90 day demo account helps you build up your trading confidence with ample time and capital before entering a live environment. From US$5,000 up to US$ 5,000,000 to trade in virtual money, get direct access to the world's FX markets at no risk or obligation with our powerful, user-friendly online trading platform - the MIG Trading Station.


Daily Forex Reports
  • USD/JPY 89.60 - 27/01/2010

    USD / JPY 90.54 Low 89.14 Open 89.63 Close 89.67 highest U.S. dollar / yen rose to 90.54 at the top, from where the main movement continued to decline ...

  • Forexpros.com Daily Analysis - 27/01/2010

    Fundamental analysis: U.S. durable goods orders Traders expect the core durable goods orders will be held tomorrow (January 28 published). It is used t...

  • Trends for Today by Finexo.com 27/01/2010

    The UK economy is finally out of the economic recession in the recovery of gross domestic product growth of 0.1%. Bernanke's re-election seems certain,...



2005 - 2009 Forex Market Analysis - www.whitmanpearce.com          Contact us:gracealvin@gmail.com

myspace hit counter