That fundamentals favour trend is not a new. Early to say, the awful reading in advanced U.S. GDP is better than expected, and dollar is pushing to the upside, particularly against Euro and Swissy. Watch previous minimums or maximums: a break trough could trigger more dollar buying; yet wait a couple of 15 minutes candles, till the news effect sets up.

The attempt to break above the 90.00 zone is loosing steam, and the pair is again pushing slowly to the downside:take a look at this 1 hour chart and the descendant channel the pair is moving in: with 89.50 as a first support zone, a break under could take the pair to 89.10, followed by a congestion zone around 88.70. Resistances from actual price will be again,  the 89.90/90.00 zone, followed by 90.35, and then 90.80. Above this last, expect more bullish to come.

Lot’s of bearish pressure here, if the pair manages to break under the 1.2800 level, get ready for more selling pressure: first support will be the zone around 1.2764/80, and if that gives up, the pair could quickly win momentum to 1.2710 and finally, 1.2648. Only above 1.2878 the pair could move up with some strength, with next resistances at 1.2945, 1.2980 zone and finally 1.3030.

Here is the majors sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Slightly Bullish

Usd/Chf: Slighthy Bullish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Hi everyone, welcome back! Ok, the day is just starting, so to call a January end of month could be a little too early, but looking charts my friends, bigger ones I mean, the theory of “the less weak- winning battle” is still valid, and will be around us for some more time (and probably a long one), but remember! a battle is not the war! For the past months we have been seeing many battles across the board, and till now, Dollar and Japanese Yen remain the strongest; but don’t get too confident: Gbp is giving them a hell of a fight, and preparing to continue in that tone. Japanese Yen is looking tired, but may have still one more ace up the sleeve. Swissy is not telling me much, but that it’s positioning for a big big jump still not clear when and if able to. Our poor friend the Euro, seems positioned to continue suffering the “we-are-doing-fine” Trichet’s curse. Anyway! too much talking done! Let’s see what technicals have to offer today, maybe try shorter post and more pairs, let’s see if I have the time; check today’s calendar ( we have some good stuff in the U.S. today) while I look charts:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

This pair remain bullish in 4 hours charts, yet take a look: recent high of 1.4330 has completed a pullback to an ascendant 4 hours trend line. With indicators still pointing to the upside, Above 1.4350/70 the pair will regain bullish strength, with next resistances at 1.4410, 1.4465 and finally the zone close to 1.4490/4520. Only under 1.4280 the pair can loose more steam and test supports at 1.4240, 1.4200 1.4153 and finally 1.4100 zone.

Following our 4 hours charts, the pair break under the 1.3120 neck level mentioned yesterday, and quickly run to the downside, reaching a 1.3030 low, from where the pair has rebounded nicely. Right now, the pair is fighting the 1.3120 resistance level, and if remains under could mean the pullback to the figure neck, so as long as the pair remains under here we could see some bearish continuation, with first support at 1.3090 zone, followed by 1.3058 and 1.3030 today’s minimun. A break under it, could send the pair first to 1.3006 and then 1.2966. A confirmation above this 1.3120/30 will send the pair first to 1.3148, 1.3180 and 1.3220.

Here is the majors sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Slightly Bullish

Usd/Chf: Bullish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bearish

Hi everybody, welcome back. Despite the Federal Reserve statement didn’t add much to what we already knew, greenback managed to rebound against major rivals, even against Japanese Yen, that anyway is still fighting the 90.00 level. Yet Euro and Gbp are loosing steam because of a large number of factors, that include of course rate cuts in the near term;  add to this that German annualinflation rate fall to a 5 years low rate yesterday, and unemployment rose widely early this morning, while in this very moment, European Consumer Confidence weakens to record lows. Yesterday’s movements change the intraday perspective, and while you check today’s calendar ( we have plenty of reports specially during American session) I will begin with today’s technicals:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Swiss Franc, the weaker of the Europeans at the moment, has been unable to clearly break under the 1.1400 zone, and remains in a sort of ascendant channel in 4 hours charts, and the fact is that the inclination is not really worthy, as it should be more bullish. Anyway seems like and inverted flag so a break under the base, 1.1330 zone, should trigger some bearish momentum in the pair, with next important support close to 1.1240. A confirmation above the upside band, that tested a few minutes ago, the zone above 1.1440/50, should deny the figure and send the pair to 1.1520, our old 61.8% weekly charts Fibonacci zone.