Forex today Forex early market comments Forex morning market comments Trading signals from banks Long term currency forecast


LIVE UPDATES:
EURUSD  GBPUSD  AUDUSD  USDCHF  USDJPY  AUDJPY  USDCAD  NZDUSD  EURGBP  GOLD  CRUDE OIL


Home

Forex daily market comments: Morning comments


Forex Morning daily comments are updated shortly after the open of London session. Approximate time: 9:00 - 9:30 am EST

Forex market outlook help traders to obtain a new fresh information on the Forex market trends and tendencies, price patterns, support/resistance levels, and thus trade more effectively throughout most busiest Forex trading sessions: London and New York.

Last updated: February 3, 2012, 11:06 am EST

Currency Comments
EUR-USDbearish divergences on 1 and 4-hr, possibly formed bull flag, trading above 1.3195 may see gains extend, preference higher while trading above 1.3140
AUD-USDpreference higher trading above 1.0680 pivot towards 1.0720 21hr sma & then 1.0755 prior highs later, trading below could test 1.0645 100hr sma ahead of 1.0600
GBP-USDpossibly holding, buying potential remains while trading above 1.5790-95, trading below may see lower to 1.5740-50 at least
USD-CADpreference higher trading above 0.9960 pivot towards 1.0010 100hr at least ahead of 1.0050 later, trading below may see 0.99 the figure ahead of 0.9860 later
NZD-USDpreference higher trading above 0.8300 prior high towards 0.8335 at least ahead of 0.8370 highs later, trading below may see 0.8265 100hr & then 0.8215 lows later
USD-CHFbullish divergence on latest forming weakness, potential base forming while trading above 0.9120-30, over 0.9210-20 may see higher
EUR-GBPpreference higher while trading above 0.8305-10, trading below may see lower to 0.8275-80 again, trading above 0.8325-30 may see 0.8345-50 later
USD-JPYpreference lower while trading below 76.25-30, trading above may see higher to 76.55-60, trading below 76.00 may see 75.70-75 at least
GBP-JPYpreference higher trading above 120.30 100hr sma towards 120.65 200hr at least ahead of 120.95 highs, trading below may test 120 the figure & 119.55 lows later
AUD-JPYpreference higher while trading above 81.30 55hr sma towards 81.90 at least ahead of 82.25 later, trading below may test 81 the figure & then 80.50 lows
EUR-JPYsideways coiling pattern between 99.50-100.50 with 100.00 as the pivot, may be forming a larger base overall
CAD-JPYpreference lower while trading below 76.60 200hr towards 76.15 55hr sma at least ahead of 75.75 lows, trading above may see 77.05 & then 77.60 highs later


Disclaimer: Forex currency trading is a high risk investment. Use market comments at your own judgment and risk assuming full own responsibility for any direct or indirect trading cases that occur as a result of using current Forex market comments.