http://www.algosys8.com/ Algsys8 RSS Feeder for Research and Analysis Sun, 26 May 2013 08:39:35 +0000 en-us http://www.algosys8.com/index.php/technical/ http://www.algosys8.com/resources/images/algosysLogo.png 50 http://algosys8.com//index.php/technical/selected_report/49410 The EURGBP is anticipated to extend its downward pressure in the trades today despite the fact that the 0.8521 resistance level is being challenged following a short term bullish movement that emerged last Monday.

The ongoing candlesticks are expected to collapse and pursue the 0.8409 support level as strong downward pressure is perceived. Sustaining the aforesaid descent will likely validate the Fri, 05 Apr 2013 08:04:32 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49410 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49402 Today, the EURUSD is surmised to prolong its bearish movement albeit price movement is currently lingering the 1.2822 resistance level. The currency pair has sustained its downward slope, which commenced last February.

The incoming candlesticks are anticipated to tip over and continue its downtrend, targeting the 1.2686 support level. In the next few hours of trading, heavy downward pressure is expected Mon, 01 Apr 2013 07:01:49 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49402 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49394 The EURJPY is anticipated to undergo a bearish momentum today although it appears to challenge the 123.84 resistance level as of the moment.

The ensuing candlesticks are predicted to reverse and go downward, targeting the 121.38 support level. Sustained downward pressure is expected to occur in the next few hours of trading.

Further, RSI(14) strengthens the bearish bias as the indicator line Mon, 25 Mar 2013 07:41:56 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49394 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49390 The EURGBP is projected to slide further in the trades today, following a short consolidation that transpired last March 15, which broke the previous support level of 0.8683.

The candlesticks in progress are testing the immediate support level of 0.8503 with strong downward pressure. Breaching the aforesaid level would likely prolong the bearish bias.

At present, the RSI(14) indicator line is hovering Thu, 21 Mar 2013 10:48:58 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49390 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49386 Following a bearish direction yesterday where it closed at 143.57, the GBPJPY looks to bounce back and resume its ascent in today’s trades.

The current candlesticks are on pace to shift to an upward movement, targeting to once again challenge the 144.65 resistance level. Extended uptrend is anticipated, confirming the bullish bias.

Lingering along the neutral level, the latest reading for the Wed, 20 Mar 2013 10:06:51 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49386 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49378 Following a drop to 94.30 yesterday, which is slightly below its support level of 94.39, the USDJPY is anticipated to ascend in the coming hours of trading.

The ongoing candlesticks appear to move in a bullish direction and are likely to pose a threat to the 96.56 resistance level. Continued upward slope is expected, validating the uptrend.

At present, the RSI(14) oscillator Tue, 19 Mar 2013 10:01:46 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49378 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49370 The EURUSD looks to sustain its bearish movement in today’s trades following a break against its previous support level of 1.2980 yesterday. For the past four days until now, the EURUSD has persisted moving on a downward slope.

The ongoing candlesticks are expected to challenge the new support level of 1.2923. Cracking the aforesaid support will likely validate the bearish direction.

Further Thu, 14 Mar 2013 10:17:12 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49370 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49362 Following a break at the 0.8683 resistance level last week, EURGBP has soared to as high as 0.8792 before starting to slow down yesterday. As such, prolonged bearish movement is expected in the coming trading hours.

The ongoing candlesticks show that price action is in a correction phase as it continues to dwindle after rupturing the 0.8732 support level earlier. The Wed, 13 Mar 2013 10:02:59 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49362 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49354 Though GBPJPY has been on a constant tear for almost two weeks, breaking the previous resistance level of 141.40, the currency pair is expected to undergo an overturn in the trades today.

The incoming candlesticks are anticipated to be in a correction phase, where price activity will likely retreat. To boot, the new resistance level of 144.65 will likely hold off Tue, 12 Mar 2013 08:25:33 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49354 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49346 The EURJPY looks to maintain its bullish momentum in today’s trades seeing that the price has cracked the previous resistance level of 122.75.

In the next few hours of trading, the candlesticks are projected to climb higher, targeting to surpass the new resistance level of 125.91. Prolonged uptrend will take place should the aforementioned psychological handle will be breached once again.

The Mon, 11 Mar 2013 04:51:07 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49346 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49338 A short-term consolidation channel is beginning to develop for the EURUSD. Despite that, the immediate resistance level of 1.3117 looks to keep hold of the price upsurge, suggesting a bearish movement in today’s trades.

The candlesticks in progress are expected to move on a downward slope, testing the immediate support level of 1.3075 in the coming hours. A break from the Fri, 08 Mar 2013 07:03:58 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49338 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49330 The EURGBP appears to challenge the upper limit of the existing consolidation channel. Nevertheless, the strong resistance level of 0.8683 will likely sustain, leading to a bearish movement in today’s trades.

Price action is expected to retreat, with the ongoing candlesticks currently in a correction phase. A break from the immediate support level of 0.8635 will favorably validate the downward slope Thu, 07 Mar 2013 07:46:40 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49330 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49322 Regardless of a sharp uptrend push for the past few days, the GBPJPY is expected to retreat and resume the bearish movement in today’s trades, with the 141.40 resistance level holding strong.

The imminent candlesticks are within the correction phase where price action will likely recoil. A sudden drop below the 138.33 support level would highly confirm the continuation of the Wed, 06 Mar 2013 10:25:11 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49322 Amber Penton http://algosys8.com//index.php/technical/selected_report/49314 In spite of a ranging movement in previous days, the EURJPY is bound for an uptrend in today’s trades seeing that the price has rebounded from the 119.585 support level that has seized the price action.

The upcoming candlesticks are anticipated to soar higher, targeting the 122.750 resistance level. A break from the aforesaid psychological handle would pave the way for Tue, 05 Mar 2013 08:07:44 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49314 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49310 The USDJPY appears to climb in the coming hours as the price has bounced off the 91.136 support level that has held the price action.

The current candlesticks are looking to challenge and traverse the 94.396 resistance level in today’s trades. Once the psychological upper limit is breached, continued rise towards greater heights is likely probable for the USDJPY.

The RSI (14) Mon, 04 Mar 2013 12:43:53 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49310 Amber Penton http://algosys8.com//index.php/technical/selected_report/49298 The EURUSD looks to contest the upper limit of its immediate consolidation channel. The ongoing candlesticks are in place to challenge the 1.31561 resistance level in today’s trades. A buy position can be taken into consideration for the EURUSD once the aforesaid upper boundary is crossed.

Keeping above the 30.0 oversold price index, the RSI(14) oscillator is estimated to move upward. Fri, 01 Mar 2013 09:57:02 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49298 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49282 •    Despite a ranging movement in recent days, the USDCHF is deemed to climb in the coming hours as the price has bounced off the 0.9291 support mark that has held price action.

•    With pair looking for greater heights, the price is deemed to once again challenge the 0.9331 resistance level, and breach of this psychological handle is apt to Thu, 28 Feb 2013 11:12:17 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49282 Amber Penton http://algosys8.com//index.php/technical/selected_report/49274 •    The GBPUSD is deemed to maintain its recovery track in the coming hours as the price managed to ascend further away from the 1.5141 support mark.

•    With the bulls seemingly gaining control, the pair is foreseen to approach the 1.5224 resistance mark, and a breach of this level likely strengthens the case for a further rise toward the 1.5317 Thu, 28 Feb 2013 09:03:15 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49274 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49266 •    The EURJPY is seen to sustain its rebound trail in the coming hours as the price has managed to surpass above the 121.01 resistance mark after rebounding from a 119.20 low yesterday.

•    Should the price maintain its ascent the price is expected to breach above its immediate resistance located at the 122.20 level, which then likely paves the way Thu, 28 Feb 2013 03:39:47 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49266 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49254 •    The USDCAD is foreseen to resume its rise in the coming hours as the price has touched the support level of the bullish channel that has lifted price action since the middle of February.

•    With the bullish movement expected to continue, the price is then deemed to surpass above the 1.0274 resistance mark. A breach there likely paves the Wed, 27 Feb 2013 10:04:03 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49254 Amber Penton http://algosys8.com//index.php/technical/selected_report/49250 •    The GBPUSD is foreseen to dip in the coming hours as the price has managed to descend further away from the 1.5141 resistance after surpassing beneath it yesterday.

•    At present, the pair is consolidating just above the 1.5071 support mark, but should the bears sustain their dominance, the price is likely to break below this level on its way Wed, 27 Feb 2013 07:40:32 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49250 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49238 •    As expected, the NZDUSD dropped beneath the 0.8300 support level to reach a seven-week low of 0.8221 yesterday.

•    Although the pair is currently being held up by the 0.8238 psychological handle, the price is expected to resume its descent in the coming hours and approach another support located at the 0.8177 level.

•    The RSI(14) is leaving further room to Wed, 27 Feb 2013 03:49:05 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49238 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49234 •    Despite backing down from 1.0274 resistance level earlier today, the USDCAD is presumed to resume its ascending track in the coming hours as the price continues to traverse within the bullish channel that began last week.

•    The ongoing correction will likely be halted near the 1.0215 support before the price inclines once again. As such, expect the price to Tue, 26 Feb 2013 07:23:12 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49234 Amber Penton http://algosys8.com//index.php/technical/selected_report/49226 •    The EURJPY descended heavily yesterday as the price surpassed below multiple support levels to reach a one-month low of 118.74.

•    Although the pair has managed to crawl back some of its losses, a bearish resumption is foreseen as the price is encountering tough resistance from the 121.00 resistance mark. With the 121.00 level likely to push the pair lower, Tue, 26 Feb 2013 04:58:16 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49226 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49218 •    The NZDUSD is foreseen to take a bearish route today as the price has managed to breach below the 0.8347 support mark in earlier trades.

•    Although the pair has consolidated modestly since, the same 0.8347 mark is apt to push the price action lower toward the looming 0.8300 downside target. A breach of this level is seen to pave Tue, 26 Feb 2013 02:33:17 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49218 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49210 •    Bias for the AUDUSD has likely shifted downwards as the price managed to breach below the 1.0297 support level to reach a 1.0261 low earlier today.

•    At present, the pair continues to test the 1.0261 support level, and should the bearish force maintain its dominance the price is apt to breach below this psychological handle. A break below the Mon, 25 Feb 2013 09:04:05 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49210 Amber Penton http://algosys8.com//index.php/technical/selected_report/49202 •    The GBPUSD came under intense bearish pressure today as the price set a 31-month low of 1.5072 to begin the trading week.

•    Although the pair has corrected to some extent after receiving a lift from the 1.5071 mark, the price is expected to resume its descent as the latest candlesticks are seen to be pushed lower by the 1.5142 Mon, 25 Feb 2013 06:17:30 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49202 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49194 •    The USDJPY bulls have once again resurged as the price opened the trading week at another 33-month high of 94.56. Although the price has largely eased since, the pair is likely to find support from the 93.85 psychological handle, enabling it to resume its rise.

•    The price is then expected to challenge the 94.38 immediate resistance in the coming Mon, 25 Feb 2013 03:11:58 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49194 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49182 •    The USDCHF is foreseen to maintain its incline in the coming hours as the pair has managed to break away from the 0.9257 support level.

•    Although the pair has encountered tough opposition from the 0.9305 psychological handle forcing it to consolidate, the price is expected to once again challenge the 0.9305. A break of this level likely paves the Thu, 21 Feb 2013 08:29:00 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49182 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49186 •    The USDCAD is deemed to sustain its bullish run in the trades today as the price is currently attempting to surpass the 1.0173 resistance mark after breaching above the 1.0119 psychological handle yesterday.

•    Should the bulls continue their run, expect the price to make its way toward the 1.0230, which is serving as its immediate upside target.

•    The RSI(14) Thu, 21 Feb 2013 08:29:00 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49186 Amber Penton http://algosys8.com//index.php/technical/selected_report/49170 •    The NZDUSD is foreseen to continue its slump today as the price has managed to breach below the 0.8347 support level to set a one-week low of 0.8325.

•    The price is then expected to maintain its bearish course in the coming hours and approach the 0.8300 downside target. A breach there likely paves the way for a continued dip Thu, 21 Feb 2013 02:39:28 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49170 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49158 •    The AUDUSD’s rise from the 1.0274 low last Monday continued yesterday as the price ascended away from the 1.0325 psychological handle and is currently looking to break away from the 1.0358 support handle.

•    Should the pair maintain its bullish inclinations, the price is expected to make its way toward the upcoming 1.0402 upside target in the coming hours.

•    The Wed, 20 Feb 2013 06:56:34 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49158 Amber Penton http://algosys8.com//index.php/technical/selected_report/49154 •    The EURGBP jumped strongly yesterday as the bulls buoyed the price past the 0.8640 resistance to reach a near three-week peak of 0.8699.

•    At present, the pair is testing the 0.8686 psychological handle in a brief respite. Nonetheless, with the bullish momentum still strong, expect the price to surpass above the 0.8686 and reach for its next upside target Wed, 20 Feb 2013 06:06:19 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49154 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49146 •    Despite falling beneath the 93.85 support level yesterday, bias for the USDJPY likely remains to the upside as the price continues to be held up by the 93.16 psychological handle.

•    As such, a continued corrective move will likely be limited by the 93.16 support before the pair resumes its bullish run. Expect the price to challenge the 93.85 resistance Wed, 20 Feb 2013 03:21:26 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49146 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49134 •    With the USDCAD trading close to the near seven-month high of 1.0120 set yesterday, bias for the pair likely remains to the upside today, with the price deemed to reach for further highs.

•    The pair is then expected to incline past the 1.0119 resistance mark holding price action at present, which will likely bolster the case for a continued Tue, 19 Feb 2013 07:14:41 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49134 Amber Penton http://algosys8.com//index.php/technical/selected_report/49130 •    The GBPUSD is deemed to sustain its bearish inclinations today as the price continues to traverse near the seven-month low of 1.5438 set yesterday.

•    Although the pair continues to consolidate near the 1.5466 support mark, the price is expected to resume it descent in the coming hours. A breach of the 1.5466 support is foreseen to strengthen the case Tue, 19 Feb 2013 05:45:12 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49130 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49122 •    Bias for the AUDJPY likely remains to the upside today as the price has inclined further above the 96.39 support to test the 96.95 psychological handle.

•    Should the bulls maintain its incline in the coming hours, the price is deemed to breach above the 96.95 resistance mark, which then likely strengthens the case for a continued rise toward the Tue, 19 Feb 2013 02:32:01 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49122 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49110 •    Bias for the GBPUSD likely remains to the upside to begin the week as the price has inclined toward the 0.9257 resistance after breaching above the 0.9212 support level.

•    Although the pair is currently consolidating, the price is expected to resume its gains and ascend above the 0.9257 resistance barrier. After which, an incline toward the 0.9305 resistance level Mon, 18 Feb 2013 07:31:59 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49110 Amber Penton http://algosys8.com//index.php/technical/selected_report/49106 •    The GBPUSD is foreseen to maintain its bearish inclinations today as the price continues to test the 1.5466 support level after dipping beneath the 1.5539 psychological handle.

•    Should the pair maintain its bearish bias the price is expected to breach below the 1.5466 before descending further toward the 1.5400 mark.

•    The RSI(14) is suggesting further room to decline as Mon, 18 Feb 2013 06:22:14 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49106 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49098 •    The USDJPY received a boost from the 92.28 support mark last Friday, buoying the price to incline above the 93.16 and the 93.85 resistance levels.

•    In an indication of the pair’s bullish inclinations, the price is looking poised to approach another upside target located along the 94.38. A breach above this level likely paves the way for another rise Mon, 18 Feb 2013 02:21:51 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49098 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49086 •    AUDCAD candlesticks moves higher against the 1.0374 price resistance as it breaks away from its short-term consolidation channel. Price activity is looked forward to a stronger finish for the week, as it counters two straight weeks of declines. A buy position is suggested for the AUDCAD should the price formation indeed buoy upward. It is pertinent to be careful Fri, 15 Feb 2013 11:24:24 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49086 Amber Penton http://algosys8.com//index.php/technical/selected_report/49074 •    The GBPUSD is foreseen to resume its declines today as the price has seemingly encountered tough opposition from the 1.5539 resistance mark.

•    Should the pair maintain the bearish track, expect the price to once again descend toward the 1.5466 support level, which will then likely strengthen the case for a continued decline toward the 1.5400 downside target.

•    The RSI(14) Fri, 15 Feb 2013 09:04:04 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49074 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49058 •    The USDJPY’s decline from a 94.40 high last Tuesday is likely to continue today as the price managed to breach below the 93.17 support level.

•    Should the pair’s decline continue, the price is expected to descend below the 92.62 immediate support, which then likely supports the case for a further dip toward the 92.00 psychological handle.

•    The RSI(14) is Fri, 15 Feb 2013 03:27:58 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49058 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49042 •    Price movement for the AUDUSD shows the candlesticks moving towards the lower bound of its consolidation channel. Price action is deemed to challenge the 1.0328 support level in the ensuing trades. A short position is suggested for the AUDUSD today, though it is pertinent to look out for probable technical corrections.

•    The RSI(20) oscillator is dipping under the neutral Thu, 14 Feb 2013 11:06:38 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49042 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49030 •    Price action for the EURJPY breaks off the support handle defined by the 125.33 price mark. Strong bearish momentum is anticipated to carry exchanges toward the 124.88 price target and even beyond. Should the bearish tendencies of the market overwhelm the currency pair, a short position would be advised for the EURJPY. It will be beneficial to look out Thu, 14 Feb 2013 08:22:24 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/49030 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/49018 •    The USDJPY largely consolidated yesterday, with price action failing to find clear direction. Nonetheless, bias for the pair likely remains to the upside as the price maintains its position atop the 93.17 support level.

•    With the bullish inclinations intact, the price is expected to approach 93.84 resistance mark and attempt to challenge it once again. A breach of this Thu, 14 Feb 2013 03:29:11 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/49018 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/49006 •    USDCAD price activity has broken past the 1.0029 psychological handle and now looks to challenge the 1.0039 resistance. Should the candlesticks surpass the said technical limit, the next price target would be 1.0051. A short-term buy position is suggested for the USDCAD, though it is pertinent to be careful of technical price corrections.

•    The RSI(20) oscillator moves along the Wed, 13 Feb 2013 11:46:16 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/49006 Amber Penton http://algosys8.com//index.php/technical/selected_report/48994 •    The GBPUSD is foreseen to resume its bearish track in the coming hours as the price is seemingly struggling to breach above the 1.5682 resistance mark, forcing the latest candlesticks to ease slightly.

•    Should the price fail to surpass the 1.5682, the pair is expected to resume its descent and approach the 1.5600 psychological handle. Further down, the 1.5539 Wed, 13 Feb 2013 07:24:43 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48994 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48978 •    Despite a rather steep descent from a 33-month high yesterday, bias for the USDJPY likely remains to the upside as the price has encountered tough opposition from the 93.17 support mark, providing the latest candlesticks a lift.

•    Should the 93.17 buoy price action to resume its bullish move, the price is then expected to once again approach the 93.84 Wed, 13 Feb 2013 02:48:33 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48978 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48966 •    AUDUSD sustains its bearish slide in spite of some bullish corrections earlier. Moving near the upper handle of its downside channel, the candlesticks could head towards the lower scope and test the support mark at 1.0230. A short position is suggested for the AUDUSD today, though it is pertinent to watch out for likely price appreciation due to corrections.

•   Tue, 12 Feb 2013 14:01:45 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48966 Amber Penton http://algosys8.com//index.php/technical/selected_report/48950 •    After a steep drop from its failure to break past the 126.43 technical limit, the EURJPY is anticipated to go into a price correction before resuming its downward slope. Prices are projected to inevitably slip past the 125.62 support and even trail the 125.26 lower limit. Should price activity indeed extend its bearish momentum today, a short position would Tue, 12 Feb 2013 11:07:09 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48950 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48938 •    The USDJPY accelerated its gains yesterday as the price managed to break above the 93.17 and 93.84 resistance levels to reach another 33-month high of 94.43.

•    Although the pair has largely eased after encountering the 94.38 resistance mark, the price is expected to resume its bullish inclinations today. A break of the 94.38 psychological handle likely strengthens the case Tue, 12 Feb 2013 02:45:11 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48938 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48926 •    Staggering after reaching the 1.0362 price high last Friday, the AUDCAD is now caught in a consolidation channel. The candlesticks look to breach the 1.0330 support handle, after being resisted by the 1.0355 upper limit. A sell bias can be considered for the AUDCAD, should prices indeed drop further. Be careful though of likely price corrections.

•    The RSI(20) oscillator Mon, 11 Feb 2013 12:19:53 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48926 Amber Penton http://algosys8.com//index.php/technical/selected_report/48914 •    With the GBPUSD failing to maintain its ascent above the 1.5851 resistance mark, the pair is likely to revert to its medium-term bearish trend, with the price already approaching the 1.5755 support mark.

•    The GBPUSD is then expected to sustain its decline in the coming hours and challenge the 1.5755 support. A breach below this likely strengthens the case Mon, 11 Feb 2013 08:20:24 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48914 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48898 •    The USDJPY’s decline from the 93.84 resistance mark last Friday has continued today as the price breached below the 92.62 support handle earlier today.

•    With the price looking intent to pare some of its strong gains, the pair is deemed to decline further toward the 92.00 level. A breach below the 92.00 then likely paves the way for a Mon, 11 Feb 2013 03:30:51 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48898 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48890 •    Following a week-long high of 0.9199, the USDCHF is coursing a bearish technical correction to close out the week’s exchanges. The candlesticks have already moved lower than the 0.9169 psychological handle and are poised to head towards the 0.9146 support mark. A short position is suggested for the AUDUSD today, though it is pertinent to watch out for likely Fri, 08 Feb 2013 10:55:16 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48890 Amber Penton http://algosys8.com//index.php/technical/selected_report/48874 •    The EURUSD looks to challenge the upper bound of its short-term consolidation channel. Buoyed by the 1.3379 support, the candlesticks are poised to challenge the 1.3410 resistance in the trades today. A buy position can be considered for the EURUSD once the aforesaid upper limit is breached. Be careful though of probable technical corrections.

•    The RSI(20) oscillator is deemed Fri, 08 Feb 2013 08:38:45 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48874 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48854 •    USDJPY price action drops from a tough resistance at the 93.70 price mark. The candlesticks have already attempted to breach the 93.43 support handle and is intent to take another swing at it. A short position can be considered for the EURJPY today, especially if price valuation falls below the lower limit. Expect that technical corrections are still likely.

•   Fri, 08 Feb 2013 02:46:51 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48854 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48850 •    AUDCAD price activity looks to break off its short-term consolidation channel bounded by the 1.0291 and 1.0268 psychological handles. The price formation is projected to engage the support mark, in line with the medium-term bearish bias. A short position is suggested for the AUDCAD today, though it would be wise to look out for probable price corrections.

•    The RSI(20) Thu, 07 Feb 2013 14:11:33 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48850 Amber Penton http://algosys8.com//index.php/technical/selected_report/48846 •    Bias for the EURGBP likely remains to the upside as the price continues to challenge the 0.8640 resistance mark after dropping beneath this level yesterday.

•    Should the pair’s bullish run from the 0.8552 low last Tuesday continue, expect the price to breach above the 0.8640, which then likely paves the way for a further rise toward the 0.8686 level.

•    Thu, 07 Feb 2013 13:07:13 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48846 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48818 •    The USDJPY’s strong bullish run was capped by the 93.84 resistance mark yesterday, forcing the price to decline toward the 93.30 psychological handle.

•    Nonetheless, failure by the price to surpass below the 93.30 support suggests that the pair is likely to resume its incline in the coming hours. Hence, the price is expected to once again challenge the 93.84 Thu, 07 Feb 2013 03:37:41 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48818 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48806 •    USDCHF price action is on a strong hike after breaking past the upper handle of its consolidation channel. The candlesticks now look to challenge the 0.9149 resistance. A buy position is suggested for the USDCHF today, but it would be best to watch out for probable technical corrections.

•    RSI(20) activity now nears the overbought territory of the price index, Wed, 06 Feb 2013 12:52:33 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48806 Amber Penton http://algosys8.com//index.php/technical/selected_report/48794 •    The EURUSD slips from the 1.3594 technical resistance as the bullish rebound comes to a halt. The candlesticks now challenge the 1.3553 price support, where prices could be led towards the 1.3515 price target. A sell bias can be considered for the EURUSD today, though be careful of probable upside technical corrections.

•    The RSI(20) oscillator has now dipped under Wed, 06 Feb 2013 08:06:16 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48794 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48778 •    The relentless ascent of the USDJPY has continued today as the price just set a 33-month high of 93.89 after surpassing the 93.30 resistance level.

•    At present, the price is challenging the 93.84 psychological handle, and should the bulls power the pair to breach above this level, a next upside target is likely located along the 94.31 mark.

•    The Wed, 06 Feb 2013 02:32:04 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48778 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48766 •    USDCAD price action takes on the lower handle of its consolidation channel today as risk demand pours in from the earlier European session. Should the candlesticks successfully break past the 0.9974 support, price movement could be led towards the 0.9961 price target. A sell bias is suggested for the USDCAD today, though be careful of probable price appreciation due Tue, 05 Feb 2013 12:27:48 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48766 Amber Penton http://algosys8.com//index.php/technical/selected_report/48754 •    The GBPUSD’s steady incline has seemingly encountered tough resistance from the 1.5766 psychological handle as the price is currently consolidating beneath this level.

•    Hence, bias for the pair remains bearish as the price is poised to receive a push down from the 1.5766. A descent is then expected to push the pair toward the 1.5677 support mark in the Tue, 05 Feb 2013 08:41:33 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48754 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48738 •    Despite declining steadily in yesterday’s trades, the USDJPY is forecast to resume its bullish motion today as the price has received a lift from the 92.00 support mark earlier.

•    At present, the pair is attempting to breach above its immediate upside target located at the 92.62 mark, and a break there is apt to pave the way for a Tue, 05 Feb 2013 03:14:47 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48738 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48730 •    The USDCHF hikes from a nine-month low of 0.9020 recorded late last week. Price activity is now projected to take on the 0.9118 resistance as the bullish momentum carries the USD higher. A buy position is recommended for the USDCHF today, but it would be best to watch out for probable technical corrections.

•    RSI(20) activity shows the oscillator rising Mon, 04 Feb 2013 11:37:04 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48730 Amber Penton http://algosys8.com//index.php/technical/selected_report/48714 •    After recording a 32-month high of 126.95 last Friday, price activity for the EURJPY initially fell into a technical correction, but has found support from the 126.09 price level. Prices are now looking to challenge the 126.41 price resistance en route to the 126.80 upper limit. A buy position is advised for the EURJPY today, though be careful as Mon, 04 Feb 2013 08:15:25 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48714 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48698 •    The USDJPY bulls are once again taking a brief respite after setting a 32-month peak of 92.95 last Friday. At present, the price is challenging the 92.62 support mark, and is likely looking for a boost to resume its rise.

•    As such, the pair is deemed to receive a lift from the 92.62 support, likely helping the pair to Mon, 04 Feb 2013 02:38:16 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48698 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48690 •    Despite receiving a lift from the 0.9964 support level, the USDCAD is deemed to maintain its general bearish trend and resume its decline once it encounters the 1.0000 resistance mark.

•    Should the bears maintain dominance over the pair, expect the price to breach below the 0.9964 support level and make its way toward another downside target located at the Fri, 01 Feb 2013 10:07:49 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48690 Amber Penton http://algosys8.com//index.php/technical/selected_report/48674 •    The rebound trail of the GBPUSD has continued as the price ascended away from the 1.5800 support to challenge the 1.5871 psychological handle in current trades.

•    With the bullish forces seemingly regaining control of price action, the pair is expected to surpass the 1.5871 resistance in the coming hours. A break then likely paves the way for a continued Fri, 01 Feb 2013 06:49:45 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48674 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48658 •    The USDJPY continued its strong bullish streak as the price has just set another 31-month high of 91.85 as it tries to breach above the 91.76 resistance mark.

•    Although the pair is expected to hold the 91.76 level into consolidation, the price is deemed to resume its incline in the coming hours and approach another upside target located at Fri, 01 Feb 2013 03:14:28 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48658 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48650 •    USDCHF is on a steep drop as the minutes of the FOMC are speculated to reveal that the Fed will extend its monetary easing policy until 2014. Price activity takes on the 0.9152 support handle today. There is the high likelihood of a price correction, though prices are still projected to reach the 0.9134 price target. A short position Wed, 30 Jan 2013 13:18:55 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48650 Amber Penton http://algosys8.com//index.php/technical/selected_report/48634 •    After surpassing the 21-month high of 123.37, EURJPY is now anticipated to take on the 123.57 resistance. Price activity extends the bullish momentum from the 121.20 price low registered yesterday. A buy position is advised for the EURJPY today, though be careful in your trades as technical corrections are likely.

•    The RSI(20) oscillator is now moving above the 70.0 Wed, 30 Jan 2013 09:33:46 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48634 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48618 •    The AUDJPY bulls continued to gain momentum as the price inclined past the 95.11 resistance level to reach 95.26, its highest level since August 2008.

•    With the pair finally surpassing the level which has capped price action for the past two weeks, expect the AUDJPY to carry on with its bullish motion. The price is then expected to challenge Wed, 30 Jan 2013 03:15:50 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48618 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48610 •    After backing down from a six-month high of 1.0098, the USDCAD looks to extend the January bullish momentum. The candlesticks seem to be moving between the 1.0063 resistance and the 1.0041 support, but could likely stagger upwards. A buy position is suggested for the USDCAD today, though be careful of likely technical corrections.

•    The RSI(20) oscillator is shown toying Tue, 29 Jan 2013 11:46:40 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48610 Amber Penton http://algosys8.com//index.php/technical/selected_report/48590 •    The GBPUSD has maintained its slide as the price reached a new five-month low of 1.5674 yesterday after surpassing beneath the 1.5698 support mark.

•    Despite correcting to reach back above 1.5698, the price is still expected to resume its descent as it continues to traverse within the bearish channel started in the second week of January. A continued decline Tue, 29 Jan 2013 07:32:25 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48590 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48582 •    After a general bearish track yesterday, the USDJPY looks intent on resuming its incline in the coming hours as the price has seemingly received a lift from the 90.38 support level.

•    As such, expect the price to once again challenge the 91.19 resistance mark today. A break there likely strengthens the case for a further rise toward the 91.76, Tue, 29 Jan 2013 05:44:34 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48582 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48570 •    The bearish momentum extends for the AUDUSD to start this week’s exchanges. Price activity poises itself for a third weekly loss as the candlesticks take on the 1.0309 support handle. A sell bias is advised for the AUDUSD to commence the week. It would be best to watch out for probable technical corrections, though.

•    RSI(20) activity shows the oscillator Mon, 28 Jan 2013 11:12:42 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48570 Amber Penton http://algosys8.com//index.php/technical/selected_report/48550 •    After reaching a 21-month high at 122.89, EURJPY encounters a strong resistance at the start of the trading week. Price activity is projected to course a bearish correction which could even lead to a downside channel should the candlesticks continue to elude the 122.76 upper limit. A short position for the EURJPY is advised to start the week. However, Mon, 28 Jan 2013 07:00:13 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48550 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48538 •    The USDJPY has maintained its relentless stride northwards as the price reached another 31-month high of 91.25 in earlier trades.

•    The 91.00 psychological handle however, has provide a tough ceiling to price inclines, forcing the pair to consolidate around this level. Nonetheless, the bulls are expected to regain dominance and bring the price past the 91.00 mark, clearing the Mon, 28 Jan 2013 03:15:08 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48538 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48526 •    The AUDCAD fails to surpass the 1.0488 resistance and now looks to move back down and pare some of its earlier gains this week. The candlesticks have been on a staggered drop following a strong 81-pip hike in the middle of the week. A short position is advised for the AUDCAD to close out the week, though be wary Fri, 25 Jan 2013 12:30:01 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48526 Amber Penton http://algosys8.com//index.php/technical/selected_report/48510 •    Despite a bullish move from the 1.5755 support level, bias for the GBPSUD likely remains to the downside as the price is expected to receive tough opposition from the 1.5800 resistance mark in the coming hours.

•    As such, the price is expected to challenge the 1.5800 mark before backing down to resume its descent. The price will likely descent Fri, 25 Jan 2013 08:24:29 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48510 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48498 •    The USDJPY bulls found renewed vigor as the price reached a new 31-month high of 90.68 earlier today as it surpassed the 90.25 resistance mark.

•    Although the pair is expected to continue consolidating in the coming hours likely toward the 90.25 support, expect the price to resume its incline to challenge another upside target located at the 91.00 mark.

•   Fri, 25 Jan 2013 03:46:45 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48498 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48490 •    The AUDUSD is foreseen to maintain its general descent from the 1.0577 resistance today as the price managed to breach below the 1.0539 support mark in earlier trades.

•    At present, the pair is being lifted by the 1.0505 support, but with the bears poised to control price action, the price is deemed to break below this level in the Thu, 24 Jan 2013 09:01:39 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48490 Amber Penton http://algosys8.com//index.php/technical/selected_report/48474 •    Soft trades are projected for the EURUSD today as prices continue to consolidate between the 1.3303 support and the 1.3325 resistance. Some downside price movement towards the lower handle is anticipated, but would likely move back up towards the upper limit. A short-term buy position is suggested for the EURUSD today. Be careful though of sudden price spikes or Thu, 24 Jan 2013 06:50:03 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48474 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48458 •    The USDJPY hikes anew following an earlier correction to the low of 88.41. Price activity takes another swing at the 88.68 resistance mark, which if surpassed could lead the candlesticks to the 88.85 price target. A buy bias is advised for the USDJPY today, though it would still be wise to be on the lookout for probable price corrections.

•   Thu, 24 Jan 2013 02:47:20 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48458 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48446 •    The USDCAD still moves near the 0.9907 and 0.9935 technical limits, but looks to slide down slightly. Now testing the support handle of its consolidation channel, price activity could head towards the 0.9891 price target. A short position can be considered for the USDCAD today.

•    The RSI(20) oscillator has already breached past the neutral 50.0 line in a bearish Wed, 23 Jan 2013 10:00:31 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48446 Amber Penton http://algosys8.com//index.php/technical/selected_report/48434 •    GBPUSD extends its medium-term bearish bias today, with price activity testing the 1.5781 support. The resistance by the 1.5841 price mark looks to continue to pressure the candlesticks downward. A short position is advised for the GBPUSD today.

•    RSI(20) shows that the oscillator moves farther down away from the neutral 50.0 benchmark, and is projected to be kept along Wed, 23 Jan 2013 08:12:36 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48434 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48418 •    Bias for the USDJPY has likely tilted to the downside after the price managed to breach below the 89.03 support level yesterday.

•    Although the price decline has been capped by the 88.40 psychological handle, the bears are seen to regain momentum in the coming hours. Expect the price to surpass below this level and approach another downside target located Wed, 23 Jan 2013 02:51:30 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48418 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48410 •    Though currently on an incline, the USDCHF is projected to be dragged down the 0.9289 psychological handle. After failing to surpass the 0.9345 upper limit, the candlesticks have started on a dive to a low of 0.9273. Prices are perceived to back down to this level and even lower, proposing a short position for the USDCHF today.

•    RSI(20) activity Tue, 22 Jan 2013 12:47:04 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48410 Amber Penton http://algosys8.com//index.php/technical/selected_report/48394 •    After struggling between the consolidation channel bounded by the 1.3305 and 1.3325 price handles, the EURUSD has stepped up its price activity and now challenges the 1.3361 resistance. Unless the bulls lose the momentum, a buy bias is believed to provide gains for EURUSD traders today.

•    The RSI(20) oscillator has built up its momentum and now trails along the Tue, 22 Jan 2013 08:26:21 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48394 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48378 •    Despite a steady decline yesterday, the AUDJPY has seemingly found a price floor from the 93.89 support level, limiting the pair’s bearish movement.

•    As such, the pair’s bullish inclinations are seen to gain momentum today, with the price expected to challenge the 94.56 resistance mark once again. A breach above this level is foreseen to strengthen the case for Tue, 22 Jan 2013 03:17:58 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48378 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48370 •    The USDCAD has found support at the 0.9907 price level and now looks to hike towards the 0.9935 resistance. Strong bullish movement in the latter part of last week continues to spur the upside momentum as this week’s exchanges commence. Should the price action surpass the upper handle, prices could head for the 0.9954 price target. In any case, Mon, 21 Jan 2013 12:25:41 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48370 Amber Penton http://algosys8.com//index.php/technical/selected_report/48354 •    Though GBPUSD price action started the week at its lowest for the past two months, the candlesticks are moving forward on a hike. At present, prices are on their way to challenge the 1.5875 resistance. A buy bias is advised for the GBPUSD today.

•    RSI(20) shows the rise of the oscillator line after treading the oversold territory for a Mon, 21 Jan 2013 08:02:05 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48354 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48338 •    Despite a strong bearish correction in the past hour after reaching a new 31-month high of 90.24, bias for the USDJPY likely remains to the upside as the price is being held up by the 89.64 support level.

•    Hence, the pair is expected to resume its rise near the 89.64, and trek its way toward another psychological handle located Mon, 21 Jan 2013 03:13:04 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48338 Natalie Diaz http://algosys8.com//index.php/technical/selected_report/48326 •    AUDUSD continues to drop in the technical chart. Price activity dived from the 1.0550 day-high, found a short-lived support from 1.0509, but again scaled downward. Prices are now projected to falter beneath the 1.0497 lower handle, and a sell bias is recommended for the AUDUSD today.

•    RSI(20) activity shows the oscillator continues to struggle as it is kept along Fri, 18 Jan 2013 11:34:31 +0000 Algosys8 Technical Reports Daily Analysis American http://algosys8.com//index.php/technical/selected_report/48326 Amber Penton http://algosys8.com//index.php/technical/selected_report/48314 •    EURUSD price action follows up a steep hike yesterday with a bullish extension today. The candlesticks are now challenging the 1.3387 resistance mark today, where a long position is deemed to bring in gains for currency traders of the EURUSD.

•    The RSI(20) indicator shows the oscillator hovering along the upper tier of the price index, in a signal of Fri, 18 Jan 2013 07:59:14 +0000 Algosys8 Technical Reports Daily Analysis European http://algosys8.com//index.php/technical/selected_report/48314 Aviv Shapiro http://algosys8.com//index.php/technical/selected_report/48298 •    The bullish trend of the USDJPY is back in full gear after the price surpassed above the 89.64 resistance level to reach a new 30-month high of 90.09 in earlier trades.

•    Although the pair has largely eased, expect the price to find support along the 89.64 before resuming its bullish track. The price is seen to target psychological handles Fri, 18 Jan 2013 02:07:28 +0000 Algosys8 Technical Reports Daily Analysis Asian http://algosys8.com//index.php/technical/selected_report/48298 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10742 The AUDCAD is foreseen to take a dwindling track in the days ahead as the price action has encountered tough opposition from the 1.0380 resistance mark, a level which has resisted its price incline since April. After weeks of bullish movement, the AUDCAD bears started to emerge after encountering the 1.0380 mark, forcing the price to decline and breach below Mon, 25 Jun 2012 08:35:03 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10742 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10746 The EURUSD is deemed to sustain a bearish run in the coming week’s exchanges as the price has just breached below the 1.2513 support level. Although the pair initially rose last week, the EURUSD bears soon resurged as the pair encountered the 1.2720 resistance mark, which prompted the price to descend below the 1.2620 support handle. As the new week Mon, 25 Jun 2012 08:35:03 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10746 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10670 Last Friday’s market revealed the conquest of the European currency by 29 pips opposing the American dollar, while last week’s exchanges noted an immense by the Euro by 157 pips. Another bullish trend is likely seen for this week’s impending European session as the EMA(50) is pictured to continuously climb, based on the four-hour price chart.

After successively running at the Mon, 25 Jun 2012 05:17:01 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10670 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10674 Although the European currency attained a 41-pip gain versus the Japanese yen, the Euro noted an overall loss from the preceding week’s trades by 63 pips. A bullish market however is expected for the EURJPY pair in this week’s approaching European session as the dot gauges of the Parabolic SAR(0.02,0.20) are alleged to persist to form below the pair, based Mon, 25 Jun 2012 05:17:01 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10674 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10678 A 22-pip gain was noted in last Friday’s trades by the Swiss currency against its American counterpart, while another immense of the Swissie by 120 pips was revealed from last week’s overall exchanges. The USDCHF pair is anticipated to a bullish trend seeing that the prices of the pair are likely to reach the upper tier of the Bollinger Bands(20), Mon, 25 Jun 2012 05:17:01 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10678 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10686 Faltering risk appetite in the markets is perceived to continue to carry the valuation of the AUDJPY lower this week. In spite of market fears over the fate of the single currency union prior to another summit later this week, price activity opened with a bearish start at 80.83. This week, with the debt auctions by Spain and Italy curbing Mon, 25 Jun 2012 03:31:48 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10686 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10690 Risk appetite is once more upon the financial markets in light of anxieties over the upcoming debt auctions by Spain and Italy this week. As such, the Japanese yen looks to see its price valuation benefit against the risky Euro. Speculation that Europe’s debt crisis will continue to increase the region’s borrowing costs is curbing the demand for riskier assets. Mon, 25 Jun 2012 03:31:48 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10690 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10694 With market anticipation over the debt auctions by Spain and Italy causing fears in the financial markets, traders once more are apt to flick the switch for risk aversion. Spain is scheduled to sell three- and six-month bills tomorrow, while Italy is set to auction inflation-linked securities maturing in 2016 and 2026, as well as up to 3 Billion Euros Mon, 25 Jun 2012 03:31:48 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10694 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10622 The Aussie-Greenback monetary pair is expected to move within the limits of a bullish channel when the pair is observed under the four-hour time frame in a possible continuation of the previous week’s gain. The pair opened the trades last week at the price level of 0.9986 and ended the currency swaps with a price of 1.0078, 92 pips higher Mon, 18 Jun 2012 09:15:03 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10622 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10626 In the previous week, the pair managed to regain composure after a prior downtrend pressures endanger the pair to seek new troughs. The pip movements last week had a range of 170 pips, implicating significant range differences due to market speculations on both economies involved. The pair failed to overcome the resistance level that is found at 0.9765. The trades Mon, 18 Jun 2012 09:15:03 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10626 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10630 The AUDCAD is foreseen to trek a bullish route in the coming sessions as the price has successfully conquered the 1.0307 resistance mark earlier today. Last week, the AUDCAD maintained its position within the sharp bullish conduit that has buoyed the price action since the end of May as it inclined by 81 pips. This week, the pair is seemingly Mon, 18 Jun 2012 09:15:03 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10630 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10594 The preceding week saw the NZDUSD incline by 109 pips to reach a one-month high of 0.7899 to sustain the bullish trend exhibited since the start of June. In the process, the price surpassed above key resistance levels along the 0.7762 and the 0.7828 levels. In a further testament to the underlying strength of the bulls, the price opened the Mon, 18 Jun 2012 06:05:47 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10594 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10598 In the previous week, the USDJPY traded in a tight range before giving in to its bearish inclinations to close out the trades. The 79.18 support mark held price mark throughout most of last week’s trades, but the USDJPY bears finally made their presence felt as the price fell beneath this level to set a low of 78.60. Although the Mon, 18 Jun 2012 06:05:47 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10598 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10602 The EURJPY is deemed to take a bullish route in the coming days as the price has managed to breach above the 100.18 resistance level. In fact, in a testament to the underlying strength of the bulls, price action opened the new trading week at a 100.56 mark, much higher than last Friday’s close of 99.46. Likewise, the pair continues Mon, 18 Jun 2012 06:05:47 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10602 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10558 The European currency pair lost by 3 pips in last week’s overall trades versus the American dollar. However, last Friday’s trades revealed a 5-pip gain by the Euro. A bullish path is anticipated for the EURUSD pair for this week’s impending European session seeing that the dot gauges of the Parabolic SAR(0.02,0.20) are deemed to continue to traverse underneath the Mon, 18 Jun 2012 05:00:14 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10558 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10562 Losses have been induced from last week’s exchanges as the European currency trounced by 120 pips versus the Japanese yen, while last Friday’s trades also noted a defeat of the Euro by 79 pips. However, the EMA(50) line’s anticipated climb, with an alleged outdo of the EMA(200), consequently perceives the EURJPY pair to  entrench a bullish channel, based on the Mon, 18 Jun 2012 05:00:14 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10562 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10566 The Swiss franc won by 1 pip versus its American counterpart in last week’s overall exchanges, while 5-pip gains was induced from the preceding day’s trades. The Swiss currency is anticipated to continue to advance caused by the expected drop of the prices of the USDCHF pair toward the lower band of the Bollinger Bands(20), based on the four-hour time Mon, 18 Jun 2012 05:00:14 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10566 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10542 The dip into the 0.9500 price area at the 0.9584 support level likely have marked the commencement of the intention of the AUDUSD to follow a topside corrective path over the coming weeks. It appeared to be so. After a blowout 888-pip appreciation during the month of May, the US dollar shed 220 pips off opposite its Australian equivalent last Mon, 11 Jun 2012 09:21:25 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10542 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10546 The AUDCAD strengthened in the North American exchanges last week by 81 pips as the selloff of the US dollar in the AUDUSD is greater than the shorting in the USDCAD. After rising steeply from the sub-1.0086 support handle, the four-hour price action was intercepted by the shorts before further reverting to the long-term bullish trend to reclaim the 61.8 Mon, 11 Jun 2012 09:21:25 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10546 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10478 In spite of the advance by 18 pips of the European currency versus its American opponent in the overall trades last week, the Euro noted a plunge by 44 pips in last Friday’s market. A bearish channel is anticipated to be entrenched by the EURUSD pair in this week’s upcoming European session, seeing that the EMA(200) is seen to be Mon, 11 Jun 2012 06:48:33 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10478 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10482 The European currency surmounted by 156 pips as opposed to its Japanese counterpart in last week’s European session. However, a 54-pip loss was induced from last Friday’s market exchanges. In effect, the failed continuance of market returns sees the EURJPY pair to enter a bearish market seeing that the prices of the pair are expected to descend from the upper  Mon, 11 Jun 2012 06:48:33 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10482 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10486 In last week’s European session, the Swiss franc noted a 12-pip loss versus its American opponent while last Friday’s trades revealed another trounce by 35 pips. The USDCHF pair is expected to continue to move about a bullish channel as the EMA(50) is perceived to remain undefeated at the highest echelon, based on the four-hour time frame.

The successful linger of Mon, 11 Jun 2012 06:48:33 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10486 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10494 The GBPJPY pair had a fairly quiet week over the last five sessions as the 124.23 level continued to keep a bit of a cap on this pair.  As the push up has been significant on a medium-term basis last week, possibility now exists for another escalation with short- and medium-term projections on the upside.

If the prelude bias to the Mon, 11 Jun 2012 02:50:36 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10494 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10498 The AUDJPY rose again during the Friday session and even broke to a new high. Analysts are expecting that the Australian dollar will continue to get a bid, since the Japanese yen is still shaky as the BOJ is working against it. With this in mind, traders are projected to remain at long position on pullbacks as this pair should Mon, 11 Jun 2012 02:50:36 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10498 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10502 The AUDUSD pair generally climbed last week and the market took the southern region and remained stuck below the new bearish leg that was established on Monday. This morning, the area above 0.9941 still supports the bullish run and with all the developments in Australian economy, this pair looks to continue  this week and the generally remains under the domination Mon, 11 Jun 2012 02:50:36 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10502 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10434 The AUDCAD has been consolidating over the past three weeks between the 1.0086 resistance and 0.9985 support lines. Amid the thick risk-off sentiment in the market, the 0.9985 support handle refuses to allow for a deeper correction and the full retracement of the 100.0 percent Fibonacci level at the 0.9937 while the 1.0086 resistance level incessantly dilutes short-term bullish burst Mon, 04 Jun 2012 09:43:27 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10434 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10438 The US dollar evidently got the upper hand against its Canadian equivalent in last week’s edition of the showdown between the North American currencies. The 117-pip week-on-week gain was buffered by the 1.0224 and 1.0257 support levels and swiveled by the collapse of the 1.0308 resistance mark. Short bids this week are more likely to be overpowered by a larger Mon, 04 Jun 2012 09:43:27 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10438 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10442 Ever since the 0.0 percent level of the Fibonacci was reached, the USDCHF has become more aggressive in realizing the medium-term prospect of trading at parity. As such, it was hardly surprising that the US dollar chipped 66 pips off the Swiss franc in the North American exchanges last week from the prior week. For the upcoming deals this week, Mon, 04 Jun 2012 09:43:27 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10442 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10390 The EURUSD is presumed to sustain its bearish trend in the upcoming week as the price continues to traverse within the bearish channel that began weighing the pair since May. Last week, the pair continued its stair-like descent as it fell beneath multiple support levels along the 1.2537, 1.2443 and the 1.2351 marks to reach a near two-year low of Mon, 04 Jun 2012 06:48:31 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10390 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10394 The EURJPY is presumed to sustain its dwindling trend in the upcoming week as the price continues to navigate within the bearish channel that began weighing the pair since the end of April. Last week, the pair continued its stair-like drop as it fell beneath multiple support levels along the 99.46, 98.48 and the 97.76 marks to reach a near Mon, 04 Jun 2012 06:48:31 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10394 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10398 The GBPUSD is deemed to maintain its descending trend in the upcoming week as the price continues to navigate within the bearish channel that began weighing the pair since the second week of May. Last week, the pair dropped heavily as it fell beneath multiple support levels along the 1.5660, 1.5578, 1.5482, and the 1.5350 marks to reach a four-month Mon, 04 Jun 2012 06:48:31 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10398 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10402 The Japanese yen absolutely killed the US dollar last week as the immense stress around Spain and the trouncing momentum in the US economy likely drive money to the safety of the Yen, despite the Japanese debt mountain. Price blasted up and out of its four-month long trading range and closed the week near the highs, as ongoing concerns over Mon, 04 Jun 2012 04:44:39 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10402 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10406 Friday’s close saw the AUDJPY currency pair holding firmly below 79.11 nearest resistance line. The week ahead appears to be setting up for another bearish run to retest the 74.08 to 72.46 and eventually, perhaps to re-attain the 72.80 lows, if those levels give way. With the currency cross resuming its near-term downtrend the past week, AUDJPY is positively entering Mon, 04 Jun 2012 04:44:39 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10406 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10410 The AUDUSD pair continued its decline last week as the markets sold the Australian currency on the latest signs of global panic on concerns about European problems, and China’s economic slowdown. The pair looks like it is about to run into a significant support level, and as a result, the markets are willing to forego any shorts at this point. Mon, 04 Jun 2012 04:44:39 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10410 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10318 The USDCHF pair is anticipated to voyage along a bullish path as the dot gauges of the Parabolic SAR(0.02,0.20) are expected to continue to traverse below the pair’s prices, based on the four-hour time frame. Last Friday, the Swiss franc revealed a 3-pip loss versus its American equivalent while the overall week’s trade’s since May 21 showed an immense by Mon, 28 May 2012 07:07:05 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10318 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10270 The EURUSD pair is anticipated to a momentous bearish drift for the week’s upcoming European session as the prices of the pair are deemed to plunge toward the lower strip of the Bollinger Bands(20), based on the four-hour time frame. A 1.2602 high was noted from the EURUSD pair in last Friday’s trades. However, a drop toward a 1.2495 low Mon, 28 May 2012 07:04:48 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10270 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10274 A bearish pathway is anticipated to be entrenched by the EURJPY pair since the dot gauges of the Parabolic SAR(0.02,0.20) are envisioned to continue to form above the prices of the pair, based on the four-hour time frame. Last Friday, the EURJPY pair reached a 100.31 high though dropped to a 99.46 low before the defunct of the market at Mon, 28 May 2012 07:04:48 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10274 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10294 The AUDJPY currency pair traded swung as much as 231 pips but trimmed its losses to 22 pips from its 77.96 opening price level last Monday to its 77.74 closing price level on last Friday’s close. Overall, the trading pair still has its almost perfectly-formed downtrend in the four-hour chart. The late surge in the latter half of the week Mon, 28 May 2012 03:11:10 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10294 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10298 The GBPJPY currency pair managed to hold on to something last week after a 350-pip freefall a week earlier as it shaved off only 51 pips from its 125.21 opening price level last Monday to its 124.70 closing price level on last Friday’s close. Overall, the trading pair kept its bearish conduit in the medium term, but the 124.30 provides Mon, 28 May 2012 03:11:10 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10298 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10302 The CADJPY currency pair had a much quiet trade last week compared to its 218-pip fallback a week before as it tallied a measly 2-pip gain from its 77.52 opening price level last Monday to its 77.54 closing price level on last Friday’s close. Currently, the trading pair is still conforming to its bearish trend channel as it fell below Mon, 28 May 2012 03:11:10 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10302 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10178 The dot gauges of the Parabolic SAR(0.02,0.20) that are seen to continue to move below the prices of the EURUSD pair consequently awaits a market expansion, based on the four-hour time frame.  In last Friday’s trades, the EURUSD pair’s prices reached a 1.2793 high from a 1.2641 low before ending the market at the 1.2779 price mark. The European currency Tue, 22 May 2012 08:40:21 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10178 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10182 Based on the four-hour time frame, the prices of the EURJPY pair that are anticipated to unlikely breach the upper tier of the Bollinger Bands(20) reflects the contraction of market for the week’s approaching European session. Surprisingly, the prices of the EURJPY pair attained a 101.08 high from a 100.19 low before ending the market at the 100.94 price quote. Tue, 22 May 2012 08:40:21 +0000 Algosys8 Technical Reports Weekly Analysis European http://algosys8.com//index.php/technical/selected_weekly_report/10182 Aviv Shapiro http://algosys8.com//index.php/technical/selected_weekly_report/10234 The Australian dollar slipped to a fresh yearly low of 0.9794 as traders scaled back their appetite for risk, and the high-yielding currency may face additional headwinds in the week ahead as investor confidence remains frail. Beyond the negative headlines surrounding Europe, the slowing recovery in China certainly cast a dour outlook for the $1 Trillion economy , and the Mon, 21 May 2012 08:42:13 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10234 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10246 Friday’s close saw the AUDCAD currency pair holding firmly below 1.0140 resistance line. The week ahead appears to be setting up for another bearish run to retest the 0.9984 to 0.9641 and eventually, perhaps to re-attain the 0.9176 lows, if those levels give way. With the currency cross resuming its near-term downtrend the past week, AUDCAD is positively entering the Mon, 21 May 2012 08:42:13 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10246 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10250 The US dollar absolutely killed the Canadian dollar last week as well as the other commodity currencies. Price blasted up and out of its four-month long trading range and closed the week near the highs, as ongoing concerns over the crisis in the Euro Zone overshadowed strong Canadian economic data. The Greenback-Loonie hit 1.0225 on Friday; the pair’s highest since Mon, 21 May 2012 08:42:13 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10250 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10202 The GBPJPY currency pair was perhaps the biggest loser last week as it had a 350-pip freefall from its 128.40 opening price level last Monday to its 124.90 closing price level on last Friday’s close. Overall, the trading pair remains downbeat in the medium-term. Moreover, large gains were shaved off as it returned back to levels last seen in late Mon, 21 May 2012 02:42:27 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10202 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10206 The CADJPY currency pair did not fare well in last week’s trades as it coughed-up 218 pips from its 79.80 opening price level last Monday to its 77.62 closing price level on last Friday’s close. Currently, the trading pair is within a steady bearish conduit that has yet to show signs of reversing. Moreover, the 80.00 price mark provided strong Mon, 21 May 2012 02:42:27 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10206 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10198 The AUDJPY currency pair traded near the 80.00 price mark for the most of part of last week until a sudden downslide on Thursday caused it to lose as much 23 pips from its 80.02 opening price level last Monday to its 77.79 closing price level on last Friday’s close. Overall, the trading pair is still bearish with its tip Mon, 21 May 2012 02:42:27 +0000 Algosys8 Technical Reports Weekly Analysis Asian http://algosys8.com//index.php/technical/selected_weekly_report/10198 Natalie Diaz http://algosys8.com//index.php/technical/selected_weekly_report/10154 As expected, the AUDUSD slid past the 1.0171 and 1.0104 support handles to fully reclaim the 38.2 percent level of the Fibonacci at the 1.0033 support mark. The bearish track gave the US dollar a 153-pip edge versus its Australian equivalent in the North American exchanges which closed last week with a 1.0017 price quote.

The outlook on the Aussie-Greenback remains Mon, 14 May 2012 08:46:20 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10154 Amber Penton http://algosys8.com//index.php/technical/selected_weekly_report/10158 A dominating US dollar that trounced the Swiss franc to the tune of 118 pips was witnessed in the North American exchanges last week which closed with a 0.9297 price quote. Crucial to the four in five wins of the Greenback was the subordination of the Parabolic SAR(0.02,0.20) with the four-hour price action that appears to be racing towards the Mon, 14 May 2012 08:46:20 +0000 Algosys8 Technical Reports Weekly Analysis American http://algosys8.com//index.php/technical/selected_weekly_report/10158 Amber Penton