Good afternoon forex,

Nice to see all seven currencies meet or exceed my expectations today as per my trading plan. Support and resistance lines tracked according to my specs and volatility was equally matched. After reviewing today's price action here's my technical blueprint.

USDCAD: Closed at 1.0239. Resistance now at or near 1.0295. Minor support at or near 1.0218 followed by stronger support at or near 1.0150. BIAS: Mildly bearish. Catalysts: CAD…

Bank of America Merrill Lynch - "We expect the Euro outlook in the next few months to be determined by ECB policies and market expectations for their direction compared with FED policies. In turn, we believe that the impact of ECB policies on the Euro will be determined by the balance between monetary policy loosening to address weakness in the core

Eurozone economies and deflation risks on the one hand, and policies to address the continued credit crunch in the periphery on the other.…

UBS - "This week's key points for currencies are:
- several US data releases due but claims still key
- ECB to develop an exchange rate policy?
- G7 doesn't criticise Japan, USDJPY a buy on dips
- BoE Inflation Report key in the week ahead
- Swiss deflation, rising stocks to weaken franc
- buy DNTs as Norges Bank keeps krone rangebound
- expect more RBA easing now, stay bearish AUDNZD"

UBS - "The Swiss franc has been a clear beneficiary of events in Cyprus. Domestic clients in Switzerland have steadfastly refused to buy EURCHF even though the cross has traded in a more volatile manner this year above the Swiss National Bank's minimum 1.20 target floor. That view has been based on the Eurozone crisis presenting too much risk for holding long EURCHF positions. This month's events in Cyrpus will only reinforce such convictions amongst Swiss clients.

As a result EURCHF is…

Societé Generale - "Markets continued to consolidate while reallocation trades helped risky assets to outperform and the USD to come under some pressure. Fears regarding the UK are steadily rising reinforcing a bearish tendency in the pair. We remain short GBP, CHF, JPY and AUD. AUD will continue to hurt and it is a better strategy to sell it on rally.

(...) All in all, the market will use any bearish excuse to sell the JPY as confirmed by our internal flow. (...) We prudently buy…

Fidelity Worldwide Investment - “The G7 ministers put out a statement today arguing against unilateral FX intervention and explicit exchange rate targets. On one level, this is a slap on the wrist to Japanese ministers talking about specific levels but it allows them to carry on with policies aimed at creating domestic inflation. You could argue the clear FX manipulators out there are the Swiss with the SNB’s Jordan saying today that the…

The importance of the selling interest at a 62% recovery point proved correct last week as a powerful decline developed that took USDCHF to the most negative levels traded for 10-months.

This decline was dominated by CHF strength in the middle of the week and the lows were rejected Friday by profit taking. However while we expect volatility due to CHF movements to continue, the underlying tone is assessed as negative – as reflected by momentum.

So while we would allow room to…

UBS - "GBPUSD BEARISH Downward bias remains with the focus on 1.5694, ahead of 1.5394. The pair will find resistance at 1.5892.
USDCHF NEUTRAL Yesterday's session saw the pair test key support at 0.9197, a break below this would expose 0.9111. Resistance is at 0.9389.
USDCAD BULLISH Yesterday the pair broke below the support at 1.0021, ahead of 0.9904. But as the MACD stay above the zero line any losses are limited, with the significant resistance at 1.0136."

Societe Generale - "EUR/CHF continued its move higher and is in the process of taking out the layer of strikes between 1.24 and 1.25 and this it seems without even any large scale reallocation of capital out of CHF. Hence, the probability is that the process will accelerate as safe haven bids leave the CHF (bank deposits). Our range of model is skewed by the fact that the EUR/CHF was floored for such as long time but gives a range of value between 1.19 add 1.36 with an average of 1.25. The…

UBS - "GBPUSD BULLISH The pair continues to extend its strength and is currently testing resistance at 1.6217. The next critical resistance is at 1.6309. Support lies at 1.6153.
USDCHF BEARISH Bearish trend conditions persist. A break below first support at 0.9115 would signal extension of weakness to 0.9041. Resistance is at 0.9240."

BBH - "US Dollar: The greenback's technical tone has deteriorated.  The euro and sterling appear to have convincingly broken above significant down trend lines.  With the holiday season upon us, there seems to be no compelling technical reason not to look for a continuation of dollar weakness into the end of the year.  Few are incentivized to fight the trend. (...)

Euro:  (...) The euro broke through two key trend lines.   The first is the longer-term trend that goes…

The US dollar is presumed to continue its weakening trend alongside the Swiss franc today on views that negotiations to avoid the debilitating fiscal cliff of tax increases and spending cuts are not making headway with the deadline looming. Meanwhile, a slight decline in the today’s Flash Manufacturing PMI from the US is believed to suggest that cautious moods among US businesses and the slowing global economy are threatening to derail the US economic recovery.



With a year-end…

Hello everyone!

Here is the turning points for this week , (10 Dec - 14 Dec) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these levels…

Hello everyone!

Here is the turning points for this week , (03 Dec - 07 Dec) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these…

Hello everyone!

Here is the turning points for this week , (19 Nov - 23 Nov) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these levels…

Hello everyone!

Here is the turning points for this week , (12 Nov - 16 Nov) 2012

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these levels…

Hello everyone!

Here is the turning points for this week , (05 Nov - 09 Nov) 2012

Note: this week I excluded USD/JPY and I added 2 new pairs , EUR/JPY and GBP/JPY, I'll continue this way the next coming weeks...

Important points…

Hello everyone!

Here is the turning points for majors,(29 Oct - 02 Nov) 2012

For more details about how to use these levels, read this blog:…

Hello everyone!

Here is the turning points for majors, the week (22 Oct  - 26 Oct) 2012 !

For more details about how to use these levels, read this blog:…