Author: FX_Trdr

2013.12.11 | USDJPY Market Analysis

USDJPY Trends & Major Market Levels

The USDJPY currency pair has been falling in forex market trading for a second straight day today with the USDJPY registering a high of 102.942 and reaching to a low of 102.394 on the day. Trends data shows the pair is currently turning over into a short-term downtrend with prices falling under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for USDJPY buying support at the major 102.50 and 102.00 levels on further decline as this pair may have exhausted its short-term uptrend for the time being.

USDJPY Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 56.0 pips
30-day current trend is BULLISH / Trend strength of 557.1 pips
60-day current trend is BULLISH / Trend strength of 510.8 pips
90-day current trend is BULLISH / Trend strength of 395.6 pips
180-day current trend is BULLISH / Trend strength of 98.3 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 103.384
— 0.236 – 101.594
— 0.382 – 100.487
— 0.500 – 99.591
— 0.618 – 98.696
— 0.764 – 97.589
— 1.000 – 95.799

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.11 | AUDUSD Market Analysis

AUDUSD Trends & Major Market Levels

The AUDUSD currency pair has been declining in forex market trading today with the AUDUSD registering a high of 0.91514 and reaching to a low of 0.91038 on the day. Trends data shows the pair has crossed into a short-term uptrend the past few trading days with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. The Aussie needs to maintain short-term momentum above the 0.9100 level over the next few days to stave off further decline and opening up the 0.9000 level.

AUDUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 29.5 pips
30-day current trend is BEARISH / Trend strength of -505.2 pips
60-day current trend is BEARISH / Trend strength of -382.1 pips
90-day current trend is BULLISH / Trend strength of 191.5 pips
180-day current trend is BEARISH / Trend strength of -933.4 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88468
— 0.236 – 0.90616
— 0.382 – 0.91944
— 0.500 – 0.93018
— 0.618 – 0.94092
— 0.764 – 0.95420
— 1.000 – 0.97568

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.11 13:30 6:30AM ET | USDCHF Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading just under the daily pivot point at the 0.88739 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.88855 while the low of day reached to 0.88626. The pair earlier today opened the Asian trading session below the daily pivot and has traded sideways around the pivot so far today.

Daily Pivot Point: 0.88766
— S1 – 0.88458
— S2 – 0.88187
— S3 – 0.87879
— R1 – 0.89037
— R2 – 0.89345
— R3 – 0.89616

Weekly Pivot Points: USDCHF

Prices are currently trading under the weekly pivot point at time of writing. The USDCHF has been on an overall bearish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 0.89775
— S1 – 0.88458
— S2 – 0.87783
— S3 – 0.86466
— R1 – 0.90450
— R2 – 0.91767
— R3 – 0.92442

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.11 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading below the daily pivot point at the 1.63928 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64568 while the low of day reached to 1.63804. The pair earlier today opened the Asian trading session slightly above the daily pivot, found resistance at the pivot and has turned lower over the course of the day to trading at the S2 support level.

Daily Pivot Point: 1.64423
— S1 – 1.64200
— S2 – 1.63956
— S3 – 1.63733
— R1 – 1.64667
— R2 – 1.64890
— R3 – 1.65134

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall bullish trend this week after opening the trading week below the weekly pivot although today’s bearish trend is pulling prices back towards the weekly pivot.

Weekly Pivot Point: 1.63586
— S1 – 1.62758
— S2 – 1.62068
— S3 – 1.61240
— R1 – 1.64276
— R2 – 1.65104
— R3 – 1.65794

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.11 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading under the daily pivot point at the 102.480 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.942 while the low of day reached to 102.394. The pair earlier today opened the Asian trading session below the daily pivot, found resistance at the pivot and has trended lower to the S1 support level at 102.47.

Daily Pivot Point: 102.928
— S1 – 102.472
— S2 – 102.110
— S3 – 101.654
— R1 – 103.290
— R2 – 103.746
— R3 – 104.108

Weekly Pivot Points: USDJPY

Prices are currently trading under the weekly pivot point after opening the trading week above the weekly pivot. The USDJPY has been on an overall bearish trend this week following last week’s decline.

Weekly Pivot Point: 102.624
— S1 – 101.879
— S2 – 100.869
— S3 – 100.124
— R1 – 103.634
— R2 – 104.379
— R3 – 105.389

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.11 13:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading slightly over the daily pivot point at the 1.37655 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37728 while the low of day reached to 1.37399. The pair earlier today opened the Asian trading session just below the daily pivot, declined to 1.3750 and then has trended higher to around the daily pivot as the day has progressed.

Daily Pivot Point: 1.37624
— S1 – 1.37306
— S2 – 1.37012
— S3 – 1.36694
— R1 – 1.37918
— R2 – 1.38236
— R3 – 1.38530

Weekly Pivot Points: EURUSD

Prices are currently trading above the weekly pivot point and residing near the R1 resistance level. The EURUSD has been on an overall bullish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.36440
— S1 – 1.35825
— S2 – 1.34623
— S3 – 1.34008
— R1 – 1.37642
— R2 – 1.38257
— R3 – 1.39459

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

The first US dollar bills, created in 1862, were issued to finance the Civil War. And because their reverse sides were printed in green and black, they got the nickname “greenbacks.” But, in part to combat counterfeiting, the designs had to change. In 1935, the familiar Seal of the United States – which includes a pyramid with an eye on top – was introduced to the back of the dollar bill. The Latin inscription under the pyramid reads, “Novus Ordo Seclorum” – and means “a new order for the ages.” Over the years, paper money has literally shrunk – by 30% – and undergone many small adjustments. The latest change happened in October 2013, with the 100-dollar bill featuring a Liberty Bell that switches color from copper to green when tilted – in an effort to battle counterfeiting. This new 100 bill has been said to be uncounterfeitable. Back in 1862, over a third of the currency was fake; today, the Department of Treasury estimates there are currently only 70 million counterfeit dollars in circulation. Proving the more things change, the more some things try and stay the same.

2013.12.10 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been rising slightly in forex market trading today with the USDCAD registering a high of 1.06441 and reaching to a low of 1.06238 on the day. Trends data shows the pair is currently turning over into a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for the 23.6% fibonacci retracement level to provide a line of support at the 1.0582 area with declines below that level bringing a potential fall to the major 1.0500 level.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 87.7 pips
30-day current trend is BULLISH / Trend strength of 255.0 pips
60-day current trend is BULLISH / Trend strength of 378.4 pips
90-day current trend is BULLISH / Trend strength of 199.1 pips
180-day current trend is BULLISH / Trend strength of 338.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.07067
— 0.236 – 1.05826
— 0.382 – 1.05058
— 0.500 – 1.04438
— 0.618 – 1.03817
— 0.764 – 1.03049
— 1.000 – 1.01808

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.10 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading above the daily pivot point at the 1.64528 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64646 while the low of day reached to 1.64179. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower/higher over the course of the day with resistance being found at the R1 resistance level at 1.6465.

Daily Pivot Point: 1.63935
— S1 – 1.63557
— S2 – 1.62840
— S3 – 1.62462
— R1 – 1.64652
— R2 – 1.65030
— R3 – 1.65747

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point and above the R1 weekly resistance level at time of writing. The GBPUSD has been on an overall bullish trend this week after opening the trading week slightly below the weekly pivot.

Weekly Pivot Point: 1.63586
— S1 – 1.62758
— S2 – 1.62068
— S3 – 1.61240
— R1 – 1.64276
— R2 – 1.65104
— R3 – 1.65794

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.10 | AUDUSD Market Analysis

AUDUSD Trends & Fibonacci Retracement Levels

The AUDUSD currency pair has been rising in forex market trading today with the AUDUSD registering a high of 0.91268 and reaching to a low of 0.90745 on the day. Trends data shows the pair is currently crossing over into a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to show an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below.

AUDUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -5.4 pips
30-day current trend is BEARISH / Trend strength of -517.9 pips
60-day current trend is BEARISH / Trend strength of -356.5 pips
90-day current trend is BULLISH / Trend strength of 221.5 pips
180-day current trend is BEARISH / Trend strength of -954.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88468
— 0.236 – 0.90616
— 0.382 – 0.91944
— 0.500 – 0.93018
— 0.618 – 0.94092
— 0.764 – 0.95420
— 1.000 – 0.97568

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.