Pivot points are very useful tools that use the previous bars’ highs, lows and closings to project support and resistance levels for future bars. The following pivot point tables are based on standard pivot point formula. Five time frames are provided: hourly, 4 hours, daily, weekly, monthly.

Hourly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2604	1.2634	1.2678	1.2708	1.2752	1.2782	1.2826		1.2738	1.2664	1.2722
USDJPY	92.60	92.73	92.80	92.93	93.00	93.13	93.20		93.06	92.86	92.87
GBPUSD	1.4921	1.4948	1.4990	1.5017	1.5059	1.5086	1.5128		1.5044	1.4975	1.5032
USDCHF	1.1016	1.1041	1.1063	1.1088	1.1110	1.1135	1.1157		1.1114	1.1067	1.1084
AUDUSD	0.8921	0.8932	0.8945	0.8956	0.8969	0.8980	0.8993		0.8968	0.8944	0.8957
NZDUSD	0.7135	0.7147	0.7161	0.7173	0.7187	0.7199	0.7213		0.7184	0.7158	0.7176
USDCAD	1.0119	1.0137	1.0148	1.0166	1.0177	1.0195	1.0206		1.0185	1.0156	1.0158
EURJPY	117.15	117.47	117.80	118.12	118.45	118.77	119.10		118.43	117.78	118.14
EURGBP	0.8420	0.8436	0.8448	0.8464	0.8476	0.8492	0.8504		0.8479	0.8451	0.8461
EURCHF	1.4037	1.4056	1.4079	1.4098	1.4121	1.4140	1.4163		1.4116	1.4074	1.4103
EURAUD	1.4114	1.4135	1.4167	1.4188	1.4220	1.4241	1.4273		1.4209	1.4156	1.4199
EURNZD	1.7634	1.7657	1.7688	1.7711	1.7742	1.7765	1.7796		1.7735	1.7681	1.7718
EURCAD	1.2854	1.2875	1.2899	1.2920	1.2944	1.2965	1.2989		1.2941	1.2896	1.2923
GBPJPY	138.72	138.98	139.29	139.55	139.86	140.12	140.43		139.82	139.25	139.59
CHFJPY	83.25	83.45	83.60	83.80	83.95	84.15	84.30		83.99	83.64	83.76
AUDJPY	82.85	83.01	83.09	83.25	83.33	83.49	83.57		83.40	83.16	83.18
NZDJPY	66.28	66.41	66.53	66.66	66.78	66.91	67.03		66.80	66.55	66.64
CADJPY	91.01	91.15	91.26	91.40	91.51	91.65	91.76		91.53	91.28	91.38
GBPCHF	1.6558	1.6590	1.6627	1.6659	1.6696	1.6728	1.6765		1.6691	1.6622	1.6664
GBPAUD	1.6699	1.6718	1.6748	1.6767	1.6797	1.6816	1.6846		1.6786	1.6737	1.6778
GBPNZD	2.0840	2.0864	2.0900	2.0924	2.0960	2.0984	2.1020		2.0948	2.0888	2.0936
GBPCAD	1.5210	1.5229	1.5251	1.5270	1.5292	1.5311	1.5333		1.5290	1.5249	1.5272
AUDCHF	0.9877	0.9896	0.9911	0.9930	0.9945	0.9964	0.9979		0.9949	0.9915	0.9926
NZDCHF	0.7910	0.7927	0.7940	0.7957	0.7970	0.7987	0.8000		0.7973	0.7943	0.7954
CADCHF	1.0856	1.0872	1.0890	1.0906	1.0924	1.0940	1.0958		1.0922	1.0888	1.0908
AUDCAD	0.9076	0.9088	0.9094	0.9106	0.9112	0.9124	0.9130		0.9117	0.9099	0.9101
NZDCAD	0.7261	0.7272	0.7281	0.7292	0.7301	0.7312	0.7321		0.7302	0.7282	0.7291
AUDNZD	1.2438	1.2454	1.2465	1.2481	1.2492	1.2508	1.2519		1.2498	1.2471	1.2475

Last Updated: May 12 09:30 GMT

Based on Bar of May 12 09:00 GMT (more…)

Political developments will be watched closely and Sterling will come under pressure if there is no formation of a government during Tuesday. Sterling would also be unsettled if a Labour-Liberal Democrat coalition deal is announced. Any other outcome could produce an initial Sterling move stronger, but the underlying fundamentals will cause concern, with attention soon switching to the government-debt situation and selling pressure on the currency is likely to return. From a medium-term view, there is a high risk of a decline to the 1.40 area against the US dollar. Any GBP/USD rallies to the 1.50 area should again be seen as an attractive selling opportunity. (more…)

Pivot points are very useful tools that use the previous bars’ highs, lows and closings to project support and resistance levels for future bars. The following pivot point tables are based on standard pivot point formula. Five time frames are provided: hourly, 4 hours, daily, weekly, monthly.

Hourly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2682	1.2708	1.2738	1.2764	1.2794	1.2820	1.2850		1.2790	1.2734	1.2768
USDJPY	92.44	92.56	92.78	92.90	93.12	93.24	93.46		93.03	92.69	92.99
GBPUSD	1.4788	1.4805	1.4815	1.4832	1.4842	1.4859	1.4869		1.4848	1.4821	1.4826
USDCHF	1.1042	1.1060	1.1077	1.1095	1.1112	1.1130	1.1147		1.1113	1.1078	1.1094
AUDUSD	0.8974	0.8985	0.8997	0.9008	0.9020	0.9031	0.9043		0.9018	0.8995	0.9010
NZDUSD	0.7171	0.7180	0.7192	0.7201	0.7213	0.7222	0.7234		0.7210	0.7189	0.7204
USDCAD	1.0204	1.0217	1.0227	1.0240	1.0250	1.0263	1.0273		1.0252	1.0229	1.0238
EURJPY	117.75	117.99	118.36	118.60	118.97	119.21	119.58		118.84	118.23	118.73
EURGBP	0.8561	0.8573	0.8591	0.8603	0.8621	0.8633	0.8651		0.8614	0.8584	0.8610
EURCHF	1.4122	1.4136	1.4152	1.4166	1.4182	1.4196	1.4212		1.4181	1.4151	1.4167
EURAUD	1.4086	1.4113	1.4140	1.4167	1.4194	1.4221	1.4248		1.4193	1.4139	1.4168
EURNZD	1.7619	1.7657	1.7688	1.7726	1.7757	1.7795	1.7826		1.7763	1.7694	1.7720
EURCAD	1.3007	1.3028	1.3051	1.3072	1.3095	1.3116	1.3139		1.3093	1.3049	1.3074
GBPJPY	136.96	137.20	137.53	137.77	138.10	138.34	138.67		138.01	137.44	137.86
CHFJPY	83.20	83.34	83.57	83.71	83.94	84.08	84.31		83.85	83.48	83.80
AUDJPY	83.12	83.27	83.52	83.67	83.92	84.07	84.32		83.81	83.41	83.78
NZDJPY	66.42	66.55	66.76	66.89	67.10	67.23	67.44		67.01	66.67	66.98
CADJPY	90.11	90.27	90.53	90.69	90.95	91.11	91.37		90.85	90.43	90.79
GBPCHF	1.6399	1.6422	1.6436	1.6459	1.6473	1.6496	1.6510		1.6483	1.6446	1.6449
GBPAUD	1.6395	1.6421	1.6436	1.6462	1.6477	1.6503	1.6518		1.6488	1.6447	1.6451
GBPNZD	2.0500	2.0533	2.0555	2.0588	2.0610	2.0643	2.0665		2.0622	2.0567	2.0576
GBPCAD	1.5124	1.5147	1.5164	1.5187	1.5204	1.5227	1.5244		1.5211	1.5171	1.5180
AUDCHF	0.9952	0.9965	0.9980	0.9993	1.0008	1.0021	1.0036		1.0007	0.9979	0.9994
NZDCHF	0.7951	0.7962	0.7977	0.7988	0.8003	0.8014	0.8029		0.7999	0.7973	0.7992
CADCHF	1.0786	1.0801	1.0817	1.0832	1.0848	1.0863	1.0879		1.0848	1.0817	1.0832
AUDCAD	0.9190	0.9202	0.9214	0.9226	0.9238	0.9250	0.9262		0.9238	0.9214	0.9226
NZDCAD	0.7337	0.7349	0.7362	0.7374	0.7387	0.7399	0.7412		0.7386	0.7361	0.7375
AUDNZD	1.2469	1.2483	1.2493	1.2507	1.2517	1.2531	1.2541		1.2520	1.2496	1.2504

Last Updated: May 11 02:00 GMT

Based on Bar of May 11 01:00 GMT (more…)

Pivot points are very useful tools that use the previous bars’ highs, lows and closings to project support and resistance levels for future bars. The following pivot point tables are based on standard pivot point formula. Five time frames are provided: hourly, 4 hours, daily, weekly, monthly.

Hourly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2568	1.2587	1.2617	1.2636	1.2666	1.2685	1.2715		1.2654	1.2605	1.2648
USDJPY	91.10	91.32	91.56	91.78	92.02	92.24	92.48		91.99	91.53	91.81
GBPUSD	1.4706	1.4750	1.4790	1.4834	1.4874	1.4918	1.4958		1.4878	1.4794	1.4830
USDCHF	1.1076	1.1101	1.1115	1.1140	1.1154	1.1179	1.1193		1.1164	1.1125	1.1130
AUDUSD	0.8802	0.8815	0.8839	0.8852	0.8876	0.8889	0.8913		0.8866	0.8829	0.8862
NZDUSD	0.7051	0.7066	0.7083	0.7098	0.7115	0.7130	0.7147		0.7113	0.7081	0.7100
USDCAD	1.0473	1.0486	1.0495	1.0508	1.0517	1.0530	1.0539		1.0521	1.0499	1.0504
EURJPY	114.68	115.04	115.59	115.95	116.50	116.86	117.41		116.32	115.41	116.13
EURGBP	0.8436	0.8456	0.8491	0.8511	0.8546	0.8566	0.8601		0.8531	0.8476	0.8526
EURCHF	1.4025	1.4038	1.4058	1.4071	1.4091	1.4104	1.4124		1.4085	1.4052	1.4077
EURAUD	1.4218	1.4232	1.4248	1.4262	1.4278	1.4292	1.4308		1.4276	1.4246	1.4264
EURNZD	1.7692	1.7717	1.7761	1.7786	1.7830	1.7855	1.7899		1.7812	1.7743	1.7804
EURCAD	1.3227	1.3240	1.3262	1.3275	1.3297	1.3310	1.3332		1.3287	1.3252	1.3285
GBPJPY	134.47	135.06	135.60	136.19	136.73	137.32	137.86		136.78	135.65	136.14
CHFJPY	81.66	81.87	82.17	82.38	82.68	82.89	83.19		82.60	82.09	82.46
AUDJPY	80.43	80.67	81.02	81.26	81.61	81.85	82.20		81.51	80.92	81.36
NZDJPY	64.53	64.72	64.95	65.14	65.37	65.56	65.79		65.33	64.91	65.18
CADJPY	86.57	86.80	87.09	87.32	87.61	87.84	88.13		87.56	87.04	87.37
GBPCHF	1.6395	1.6447	1.6475	1.6527	1.6555	1.6607	1.6635		1.6578	1.6498	1.6504
GBPAUD	1.6594	1.6655	1.6692	1.6753	1.6790	1.6851	1.6888		1.6815	1.6717	1.6728
GBPNZD	2.0750	2.0803	2.0837	2.0890	2.0924	2.0977	2.1011		2.0942	2.0855	2.0872
GBPCAD	1.5474	1.5517	1.5548	1.5591	1.5622	1.5665	1.5696		1.5635	1.5561	1.5578
AUDCHF	0.9825	0.9838	0.9851	0.9864	0.9877	0.9890	0.9903		0.9877	0.9851	0.9864
NZDCHF	0.7868	0.7883	0.7893	0.7908	0.7918	0.7933	0.7943		0.7923	0.7898	0.7903
CADCHF	1.0564	1.0577	1.0584	1.0597	1.0604	1.0617	1.0624		1.0610	1.0590	1.0591
AUDCAD	0.9274	0.9281	0.9296	0.9303	0.9318	0.9325	0.9340		0.9311	0.9289	0.9310
NZDCAD	0.7421	0.7435	0.7447	0.7461	0.7473	0.7487	0.7499		0.7475	0.7449	0.7459
AUDNZD	1.2411	1.2426	1.2451	1.2466	1.2491	1.2506	1.2531		1.2482	1.2442	1.2475

Last Updated: May 07 02:20 GMT

Based on Bar of May 07 02:00 GMT (more…)

Pivot points are very useful tools that use the previous bars’ highs, lows and closings to project support and resistance levels for future bars. The following pivot point tables are based on standard pivot point formula. Five time frames are provided: hourly, 4 hours, daily, weekly, monthly.

Hourly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2781	1.2792	1.2802	1.2813	1.2823	1.2834	1.2844		1.2823	1.2802	1.2813
USDJPY	93.50	93.63	93.71	93.84	93.92	94.05	94.13		93.97	93.76	93.79
GBPUSD	1.5077	1.5085	1.5090	1.5098	1.5103	1.5111	1.5116		1.5106	1.5093	1.5095
USDCHF	1.1154	1.1163	1.1171	1.1180	1.1188	1.1197	1.1205		1.1189	1.1172	1.1179
AUDUSD	0.9041	0.9050	0.9055	0.9064	0.9069	0.9078	0.9083		0.9072	0.9058	0.9061
NZDUSD	0.7138	0.7164	0.7207	0.7233	0.7276	0.7302	0.7345		0.7258	0.7189	0.7251
USDCAD	1.0289	1.0294	1.0301	1.0306	1.0313	1.0318	1.0325		1.0310	1.0298	1.0309
EURJPY	119.70	119.92	120.04	120.26	120.38	120.60	120.72		120.48	120.14	120.16
EURGBP	0.8470	0.8475	0.8480	0.8485	0.8490	0.8495	0.8500		0.8489	0.8479	0.8486
EURCHF	1.4322	1.4324	1.4324	1.4326	1.4326	1.4328	1.4328		1.4327	1.4325	1.4325
EURAUD	1.4098	1.4108	1.4122	1.4132	1.4146	1.4156	1.4170		1.4142	1.4118	1.4136
EURNZD	1.7421	1.7534	1.7599	1.7712	1.7777	1.7890	1.7955		1.7824	1.7646	1.7665
EURCAD	1.3165	1.3178	1.3193	1.3206	1.3221	1.3234	1.3249		1.3218	1.3190	1.3209
GBPJPY	141.05	141.30	141.43	141.68	141.81	142.06	142.19		141.92	141.54	141.57
CHFJPY	83.58	83.72	83.80	83.94	84.02	84.16	84.24		84.08	83.86	83.88
AUDJPY	84.62	84.78	84.88	85.04	85.14	85.30	85.40		85.21	84.95	84.97
NZDJPY	67.11	67.31	67.66	67.86	68.21	68.41	68.76		68.07	67.52	68.00
CADJPY	90.58	90.76	90.85	91.03	91.12	91.30	91.39		91.20	90.93	90.95
GBPCHF	1.6848	1.6860	1.6868	1.6880	1.6888	1.6900	1.6908		1.6892	1.6872	1.6876
GBPAUD	1.6608	1.6620	1.6637	1.6649	1.6666	1.6678	1.6695		1.6661	1.6632	1.6654
GBPNZD	2.0519	2.0655	2.0732	2.0868	2.0945	2.1081	2.1158		2.1003	2.0790	2.0810
GBPCAD	1.5519	1.5532	1.5547	1.5560	1.5575	1.5588	1.5603		1.5572	1.5544	1.5563
AUDCHF	1.0109	1.0118	1.0124	1.0133	1.0139	1.0148	1.0154		1.0142	1.0127	1.0130
NZDCHF	0.7975	0.8005	0.8055	0.8085	0.8135	0.8165	0.8215		0.8114	0.8034	0.8106
CADCHF	1.0812	1.0824	1.0832	1.0844	1.0852	1.0864	1.0872		1.0855	1.0835	1.0841
AUDCAD	0.9323	0.9329	0.9336	0.9342	0.9349	0.9355	0.9362		0.9349	0.9336	0.9342
NZDCAD	0.7359	0.7384	0.7429	0.7454	0.7499	0.7524	0.7569		0.7478	0.7408	0.7475
AUDNZD	1.2327	1.2407	1.2448	1.2528	1.2569	1.2649	1.2690		1.2607	1.2486	1.2490

Last Updated: May 05 23:45 GMT

Based on Bar of May 05 23:00 GMT

4 Hours

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2704	1.2757	1.2785	1.2838	1.2866	1.2919	1.2947		1.2890	1.2809	1.2814
USDJPY	92.87	93.20	93.51	93.84	94.15	94.48	94.79		94.18	93.54	93.81
GBPUSD	1.5039	1.5064	1.5082	1.5107	1.5125	1.5150	1.5168		1.5132	1.5089	1.5100
USDCHF	1.1065	1.1088	1.1135	1.1158	1.1205	1.1228	1.1275		1.1182	1.1112	1.1181
AUDUSD	0.8991	0.9017	0.9038	0.9064	0.9085	0.9111	0.9132		0.9089	0.9042	0.9060
NZDUSD	0.7130	0.7140	0.7156	0.7166	0.7182	0.7192	0.7208		0.7177	0.7151	0.7171
USDCAD	1.0209	1.0236	1.0270	1.0297	1.0331	1.0358	1.0392		1.0323	1.0262	1.0305
EURJPY	118.20	119.07	119.64	120.51	121.08	121.95	122.52		121.38	119.94	120.21
EURGBP	0.8437	0.8460	0.8472	0.8495	0.8507	0.8530	0.8542		0.8518	0.8483	0.8484
EURCHF	1.4318	1.4320	1.4323	1.4325	1.4328	1.4330	1.4333		1.4328	1.4323	1.4325
EURAUD	1.4066	1.4100	1.4118	1.4152	1.4170	1.4204	1.4222		1.4186	1.4134	1.4136
EURNZD	1.7708	1.7781	1.7820	1.7893	1.7932	1.8005	1.8044		1.7965	1.7853	1.7860
EURCAD	1.3148	1.3172	1.3187	1.3211	1.3226	1.3250	1.3265		1.3236	1.3197	1.3201
GBPJPY	139.77	140.49	141.06	141.78	142.35	143.07	143.64		142.49	141.20	141.64
CHFJPY	82.48	83.10	83.49	84.11	84.50	85.12	85.51		84.72	83.71	83.89
AUDJPY	83.62	84.13	84.56	85.07	85.50	86.01	86.44		85.58	84.64	84.99
NZDJPY	66.32	66.63	66.95	67.26	67.58	67.89	68.21		67.58	66.95	67.26
CADJPY	89.42	90.03	90.52	91.13	91.62	92.23	92.72		91.74	90.64	91.01
GBPCHF	1.6763	1.6788	1.6836	1.6861	1.6909	1.6934	1.6982		1.6886	1.6813	1.6884
GBPAUD	1.6574	1.6601	1.6636	1.6663	1.6698	1.6725	1.6760		1.6691	1.6629	1.6670
GBPNZD	2.0952	2.0994	2.1020	2.1062	2.1088	2.1130	2.1156		2.1103	2.1035	2.1047
GBPCAD	1.5453	1.5485	1.5522	1.5554	1.5591	1.5623	1.5660		1.5585	1.5516	1.5560
AUDCHF	1.0068	1.0081	1.0105	1.0118	1.0142	1.0155	1.0179		1.0130	1.0093	1.0130
NZDCHF	0.7936	0.7953	0.7985	0.8002	0.8034	0.8051	0.8083		0.8019	0.7970	0.8017
CADCHF	1.0790	1.0804	1.0825	1.0839	1.0860	1.0874	1.0895		1.0853	1.0818	1.0846
AUDCAD	0.9298	0.9308	0.9323	0.9333	0.9348	0.9358	0.9373		0.9344	0.9319	0.9337
NZDCAD	0.7332	0.7344	0.7367	0.7379	0.7402	0.7414	0.7437		0.7392	0.7357	0.7389
AUDNZD	1.2558	1.2588	1.2607	1.2637	1.2656	1.2686	1.2705		1.2668	1.2619	1.2625

Last Updated: May 05 23:45 GMT

Based on Bar of May 05 20:59 GMT

Daily

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2554	1.2679	1.2746	1.2871	1.2938	1.3063	1.3130		1.2995	1.2803	1.2814
USDJPY	91.80	92.67	93.24	94.11	94.68	95.55	96.12		94.98	93.54	93.81
GBPUSD	1.4949	1.5008	1.5054	1.5113	1.5159	1.5218	1.5264		1.5172	1.5067	1.5100
USDCHF	1.0908	1.0965	1.1073	1.1130	1.1238	1.1295	1.1403		1.1187	1.1022	1.1181
AUDUSD	0.8917	0.8969	0.9014	0.9066	0.9111	0.9163	0.9208		0.9117	0.9020	0.9060
NZDUSD	0.7059	0.7100	0.7136	0.7177	0.7213	0.7254	0.7290		0.7219	0.7142	0.7171
USDCAD	1.0116	1.0174	1.0239	1.0297	1.0362	1.0420	1.0485		1.0354	1.0231	1.0305
EURJPY	115.53	117.74	118.97	121.18	122.41	124.62	125.85		123.38	119.94	120.21
EURGBP	0.8357	0.8420	0.8452	0.8515	0.8547	0.8610	0.8642		0.8578	0.8483	0.8484
EURCHF	1.4307	1.4315	1.4320	1.4328	1.4333	1.4341	1.4346		1.4336	1.4323	1.4325
EURAUD	1.3914	1.4024	1.4080	1.4190	1.4246	1.4356	1.4412		1.4300	1.4134	1.4136
EURNZD	1.7574	1.7713	1.7787	1.7926	1.8000	1.8139	1.8213		1.8066	1.7853	1.7860
EURCAD	1.3034	1.3116	1.3158	1.3240	1.3282	1.3364	1.3406		1.3321	1.3197	1.3201
GBPJPY	137.71	139.45	140.55	142.29	143.39	145.13	146.23		144.04	141.20	141.64
CHFJPY	80.62	82.16	83.03	84.57	85.44	86.98	87.85		86.12	83.71	83.89
AUDJPY	82.33	83.48	84.24	85.39	86.15	87.30	88.06		86.55	84.64	84.99
NZDJPY	65.06	66.01	66.63	67.58	68.20	69.15	69.77		68.52	66.95	67.26
CADJPY	88.21	89.42	90.22	91.43	92.23	93.44	94.24		92.65	90.64	91.01
GBPCHF	1.6565	1.6629	1.6757	1.6821	1.6949	1.7013	1.7141		1.6886	1.6694	1.6884
GBPAUD	1.6485	1.6542	1.6606	1.6663	1.6727	1.6784	1.6848		1.6720	1.6599	1.6670
GBPNZD	2.0816	2.0892	2.0969	2.1045	2.1122	2.1198	2.1275		2.1120	2.0967	2.1047
GBPCAD	1.5358	1.5419	1.5490	1.5551	1.5622	1.5683	1.5754		1.5613	1.5481	1.5560
AUDCHF	0.9935	0.9974	1.0052	1.0091	1.0169	1.0208	1.0286		1.0130	1.0013	1.0130
NZDCHF	0.7861	0.7893	0.7955	0.7987	0.8049	0.8081	0.8143		0.8019	0.7925	0.8017
CADCHF	1.0678	1.0715	1.0780	1.0817	1.0882	1.0919	1.0984		1.0853	1.0751	1.0846
AUDCAD	0.9239	0.9266	0.9301	0.9328	0.9363	0.9390	0.9425		0.9354	0.9292	0.9337
NZDCAD	0.7300	0.7325	0.7357	0.7382	0.7414	0.7439	0.7471		0.7407	0.7350	0.7389
AUDNZD	1.2524	1.2562	1.2594	1.2632	1.2664	1.2702	1.2734		1.2671	1.2601	1.2625

Last Updated: May 05 23:45 GMT

Based on Bar of May 05 20:59 GMT

Weekly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2832	1.2973	1.3133	1.3274	1.3434	1.3575	1.3735		1.3415	1.3114	1.3293
USDJPY	91.15	91.99	92.91	93.75	94.67	95.51	96.43		94.58	92.82	93.84
GBPUSD	1.4725	1.4925	1.5098	1.5298	1.5471	1.5671	1.5844		1.5497	1.5124	1.5272
USDCHF	1.0452	1.0575	1.0676	1.0799	1.0900	1.1023	1.1124		1.0923	1.0699	1.0776
AUDUSD	0.8955	0.9045	0.9143	0.9233	0.9331	0.9421	0.9519		0.9323	0.9135	0.9241
NZDUSD	0.6904	0.7001	0.7132	0.7229	0.7360	0.7457	0.7588		0.7325	0.7097	0.7264
USDCAD	0.9805	0.9887	1.0032	1.0114	1.0259	1.0341	1.0486		1.0196	0.9969	1.0177
EURJPY	118.70	120.52	122.64	124.46	126.58	128.40	130.52		126.29	122.35	124.75
EURGBP	0.8495	0.8548	0.8625	0.8678	0.8755	0.8808	0.8885		0.8732	0.8602	0.8701
EURCHF	1.4265	1.4294	1.4309	1.4338	1.4353	1.4382	1.4397		1.4366	1.4322	1.4325
EURAUD	1.3976	1.4098	1.4238	1.4360	1.4500	1.4622	1.4762		1.4482	1.4220	1.4378
EURNZD	1.7536	1.7834	1.8056	1.8354	1.8576	1.8874	1.9096		1.8652	1.8132	1.8278
EURCAD	1.3053	1.3154	1.3340	1.3441	1.3627	1.3728	1.3914		1.3541	1.3254	1.3527
GBPJPY	136.89	139.23	141.27	143.61	145.65	147.99	150.03		145.95	141.57	143.31
CHFJPY	83.06	84.23	85.65	86.82	88.24	89.41	90.83		87.99	85.40	87.07
AUDJPY	82.02	83.49	85.09	86.56	88.16	89.63	91.23		88.04	84.97	86.68
NZDJPY	63.30	64.59	66.38	67.67	69.46	70.75	72.54		68.97	65.89	68.16
CADJPY	87.39	89.28	90.72	92.61	94.05	95.94	97.38		94.49	91.16	92.17
GBPCHF	1.6120	1.6270	1.6363	1.6513	1.6606	1.6756	1.6849		1.6663	1.6420	1.6456
GBPAUD	1.6014	1.6192	1.6357	1.6535	1.6700	1.6878	1.7043		1.6714	1.6371	1.6521
GBPNZD	2.0058	2.0454	2.0727	2.1123	2.1396	2.1792	2.2065		2.1520	2.0851	2.0999
GBPCAD	1.5058	1.5163	1.5353	1.5458	1.5648	1.5753	1.5943		1.5564	1.5269	1.5542
AUDCHF	0.9714	0.9812	0.9885	0.9983	1.0056	1.0154	1.0227		1.0081	0.9910	0.9958
NZDCHF	0.7498	0.7593	0.7709	0.7804	0.7920	0.8015	0.8131		0.7898	0.7687	0.7826
CADCHF	1.0257	1.0417	1.0500	1.0660	1.0743	1.0903	1.0986		1.0819	1.0576	1.0584
AUDCAD	0.9091	0.9165	0.9285	0.9359	0.9479	0.9553	0.9673		0.9433	0.9239	0.9405
NZDCAD	0.6959	0.7057	0.7223	0.7321	0.7487	0.7585	0.7751		0.7418	0.7154	0.7390
AUDNZD	1.2382	1.2536	1.2620	1.2774	1.2858	1.3012	1.3096		1.2928	1.2690	1.2704

Last Updated: May 05 23:45 GMT

Based on Bar of Apr 30 20:59 GMT

Monthly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2464	1.2789	1.3041	1.3366	1.3618	1.3943	1.4195		1.3691	1.3114	1.3293
USDJPY	88.85	90.22	92.03	93.40	95.21	96.58	98.39		94.77	91.59	93.84
GBPUSD	1.4691	1.4907	1.5090	1.5306	1.5489	1.5705	1.5888		1.5523	1.5124	1.5272
USDCHF	1.0010	1.0222	1.0499	1.0711	1.0988	1.1200	1.1477		1.0923	1.0434	1.0776
AUDUSD	0.8870	0.9002	0.9122	0.9254	0.9374	0.9506	0.9626		0.9387	0.9135	0.9241
NZDUSD	0.6683	0.6823	0.7044	0.7184	0.7405	0.7545	0.7766		0.7325	0.6964	0.7264
USDCAD	0.9713	0.9821	0.9999	1.0107	1.0285	1.0393	1.0571		1.0215	0.9929	1.0177
EURJPY	116.54	119.44	122.10	125.00	127.66	130.56	133.22		127.91	122.35	124.75
EURGBP	0.8267	0.8434	0.8568	0.8735	0.8869	0.9036	0.9170		0.8903	0.8602	0.8701
EURCHF	1.3835	1.3989	1.4157	1.4311	1.4479	1.4633	1.4801		1.4465	1.4143	1.4325
EURAUD	1.3585	1.3903	1.4140	1.4458	1.4695	1.5013	1.5250		1.4775	1.4220	1.4378
EURNZD	1.6755	1.7443	1.7861	1.8549	1.8967	1.9655	2.0073		1.9238	1.8132	1.8278
EURCAD	1.2741	1.2988	1.3258	1.3505	1.3775	1.4022	1.4292		1.3753	1.3236	1.3527
GBPJPY	133.21	136.28	139.80	142.87	146.39	149.46	152.98		145.95	139.36	143.31
CHFJPY	80.39	82.90	84.98	87.49	89.57	92.08	94.16		89.99	85.40	87.07
AUDJPY	80.27	82.09	84.39	86.21	88.51	90.33	92.63		88.04	83.92	86.68
NZDJPY	61.43	63.10	65.63	67.30	69.83	71.50	74.03		68.97	64.77	68.16
CADJPY	85.38	87.66	89.92	92.20	94.46	96.74	99.00		94.49	89.95	92.17
GBPCHF	1.5332	1.5639	1.6048	1.6355	1.6764	1.7071	1.7480		1.6663	1.5947	1.6456
GBPAUD	1.5936	1.6140	1.6331	1.6535	1.6726	1.6930	1.7121		1.6740	1.6345	1.6521
GBPNZD	1.9696	2.0274	2.0636	2.1214	2.1576	2.2154	2.2516		2.1791	2.0851	2.0999
GBPCAD	1.4735	1.4934	1.5238	1.5437	1.5741	1.5940	1.6244		1.5636	1.5133	1.5542
AUDCHF	0.9217	0.9415	0.9686	0.9884	1.0155	1.0353	1.0624		1.0081	0.9612	0.9958
NZDCHF	0.6995	0.7190	0.7508	0.7703	0.8021	0.8216	0.8534		0.7898	0.7385	0.7826
CADCHF	0.9878	1.0114	1.0349	1.0585	1.0820	1.1056	1.1291		1.0821	1.0350	1.0584
AUDCAD	0.8973	0.9075	0.9240	0.9342	0.9507	0.9609	0.9774		0.9444	0.9177	0.9405
NZDCAD	0.6663	0.6819	0.7105	0.7261	0.7547	0.7703	0.7989		0.7418	0.6976	0.7390
AUDNZD	1.1978	1.2334	1.2519	1.2875	1.3060	1.3416	1.3601		1.3231	1.2690	1.2704

Last Updated: May 05 23:45 GMT

Based on Bar of Apr 30 20:59 GMT

Note:

Pivot points are very useful tools that use the previous bars’ highs, lows and closings to project support and resistance levels for future bars. Daily pivot points are useful for swing trading; while 4 hour pivot points are useful for intraday trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect.

• Daily pivots are calculated from previous day’s high, low, close which ends at 5pm est or 21pm GMT.
• 4 Hours pivots are calculated from previous 4 hours bar which ends at 2100, 0100, 0500, 0900, 1300, 1700 GMT.
• The pivot levels and charts are updated throughout the day to cater for data adjustments during the day.

Pivot points are very useful tools that use the previous bars’ highs, lows and closings to project support and resistance levels for future bars. The following pivot point tables are based on standard pivot point formula. Five time frames are provided: hourly, 4 hours, daily, weekly, monthly.

• Hourly
• 4 Hours
• Daily
• Weekly
• Monthly

Hourly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.2933	1.2948	1.2959	1.2974	1.2985	1.3000	1.3011		1.2989	1.2963	1.2970
USDJPY	94.40	94.48	94.58	94.66	94.76	94.84	94.94		94.75	94.57	94.67
GBPUSD	1.5101	1.5112	1.5123	1.5134	1.5145	1.5156	1.5167		1.5145	1.5123	1.5134
USDCHF	1.1012	1.1020	1.1032	1.1040	1.1052	1.1060	1.1072		1.1049	1.1029	1.1043
AUDUSD	0.9056	0.9063	0.9077	0.9084	0.9098	0.9105	0.9119		0.9092	0.9071	0.9090
NZDUSD	0.7177	0.7182	0.7190	0.7195	0.7203	0.7208	0.7216		0.7200	0.7187	0.7198
USDCAD	1.0214	1.0225	1.0235	1.0246	1.0256	1.0267	1.0277		1.0256	1.0235	1.0246
EURJPY	122.47	122.60	122.69	122.82	122.91	123.04	123.13		122.94	122.72	122.79
EURGBP	0.8557	0.8562	0.8566	0.8571	0.8575	0.8580	0.8584		0.8577	0.8568	0.8569
EURCHF	1.4320	1.4321	1.4323	1.4324	1.4326	1.4327	1.4329		1.4326	1.4323	1.4324
EURAUD	1.4213	1.4237	1.4251	1.4275	1.4289	1.4313	1.4327		1.4300	1.4262	1.4264
EURNZD	1.7959	1.7983	1.7996	1.8020	1.8033	1.8057	1.8070		1.8043	1.8006	1.8010
EURCAD	1.3260	1.3273	1.3281	1.3294	1.3302	1.3315	1.3323		1.3307	1.3286	1.3289
GBPJPY	142.90	143.01	143.14	143.25	143.38	143.49	143.62		143.36	143.12	143.27
CHFJPY	85.52	85.59	85.65	85.72	85.78	85.85	85.91		85.80	85.67	85.70
AUDJPY	85.68	85.77	85.91	86.00	86.14	86.23	86.37		86.09	85.86	86.05
NZDJPY	67.92	67.97	68.06	68.11	68.20	68.25	68.34		68.17	68.03	68.14
CADJPY	92.14	92.21	92.29	92.36	92.44	92.51	92.59		92.43	92.28	92.37
GBPCHF	1.6680	1.6687	1.6700	1.6707	1.6720	1.6727	1.6740		1.6714	1.6694	1.6713
GBPAUD	1.6590	1.6614	1.6628	1.6652	1.6666	1.6690	1.6704		1.6676	1.6638	1.6642
GBPNZD	2.0962	2.0982	2.0998	2.1018	2.1034	2.1054	2.1070		2.1038	2.1002	2.1014
GBPCAD	1.5470	1.5483	1.5495	1.5508	1.5520	1.5533	1.5545		1.5521	1.5496	1.5507
AUDCHF	0.9993	1.0003	1.0021	1.0031	1.0049	1.0059	1.0077		1.0041	1.0013	1.0039
NZDCHF	0.7920	0.7926	0.7938	0.7944	0.7956	0.7962	0.7974		0.7951	0.7933	0.7949
CADCHF	1.0749	1.0756	1.0765	1.0772	1.0781	1.0788	1.0797		1.0778	1.0762	1.0775
AUDCAD	0.9282	0.9290	0.9302	0.9310	0.9322	0.9330	0.9342		0.9317	0.9297	0.9315
NZDCAD	0.7349	0.7357	0.7366	0.7374	0.7383	0.7391	0.7400		0.7382	0.7365	0.7375
AUDNZD	1.2581	1.2591	1.2607	1.2617	1.2633	1.2643	1.2659		1.2627	1.2601	1.2623

Last Updated: May 04 22:35 GMT

Based on Bar of May 04 22:00 GMT (more…)

Daily Technical Analysis

EURUSD Outlook

The EURUSD had a bearish momentum yesterday, bottomed at 1.3154 but closed a little bit higher at 1.3193 and traded around 1.3209 at the time I wrote this comment. On h1 chart below we can see that price is moving in triangle formation indicating consolidation but still within a major bearish context. The bias is neutral in nearest term but the fact that price failed to continue its bullish momentum above 1.3267 – 1.3330/40 region should keep the bearish scenario intact especially if price able to break below 1.3125/15 area today testing 1.3040/50 region. On the other hand, another upside pullback above 1.3267 area could change the intra-day bias to bullish view testing 1.3330/40 region

(more…)

Pivot points are very useful tools that use the previous bars’ highs, lows and closings to project support and resistance levels for future bars. The following pivot point tables are based on standard pivot point formula. Five time frames are provided: hourly, 4 hours, daily, weekly, monthly.

Hourly

	S3	S2	S1	PP	R1	R2	R3	Chart	H	L	C
EURUSD	1.3175	1.3179	1.3189	1.3193	1.3203	1.3207	1.3217		1.3198	1.3184	1.3198
USDJPY	94.40	94.49	94.59	94.68	94.78	94.87	94.97		94.76	94.57	94.70
GBPUSD	1.5218	1.5224	1.5236	1.5242	1.5254	1.5260	1.5272		1.5248	1.5230	1.5248
USDCHF	1.0840	1.0846	1.0850	1.0856	1.0860	1.0866	1.0870		1.0863	1.0853	1.0853
AUDUSD	0.9253	0.9256	0.9263	0.9266	0.9273	0.9276	0.9283		0.9270	0.9260	0.9269
NZDUSD	0.7291	0.7295	0.7303	0.7307	0.7315	0.7319	0.7327		0.7311	0.7299	0.7311
USDCAD	1.0095	1.0099	1.0103	1.0107	1.0111	1.0115	1.0119		1.0111	1.0103	1.0107
EURJPY	124.52	124.61	124.80	124.89	125.08	125.17	125.36		124.99	124.71	124.98
EURGBP	0.8643	0.8648	0.8651	0.8656	0.8659	0.8664	0.8667		0.8661	0.8653	0.8654
EURCHF	1.4322	1.4322	1.4324	1.4324	1.4326	1.4326	1.4328		1.4325	1.4323	1.4325
EURAUD	1.4214	1.4222	1.4230	1.4238	1.4246	1.4254	1.4262		1.4247	1.4231	1.4237
EURNZD	1.8000	1.8018	1.8031	1.8049	1.8062	1.8080	1.8093		1.8066	1.8035	1.8045
EURCAD	1.3305	1.3313	1.3326	1.3334	1.3347	1.3355	1.3368		1.3342	1.3321	1.3339
GBPJPY	143.77	143.89	144.14	144.26	144.51	144.63	144.88		144.39	144.02	144.38
CHFJPY	86.92	86.98	87.12	87.18	87.32	87.38	87.52		87.25	87.05	87.25
AUDJPY	87.40	87.48	87.62	87.70	87.84	87.92	88.06		87.78	87.56	87.76
NZDJPY	68.96	69.02	69.12	69.18	69.28	69.34	69.44		69.23	69.07	69.23
CADJPY	93.35	93.44	93.55	93.64	93.75	93.84	93.95		93.72	93.52	93.67
GBPCHF	1.6525	1.6530	1.6540	1.6545	1.6555	1.6560	1.6570		1.6551	1.6536	1.6549
GBPAUD	1.6427	1.6433	1.6441	1.6447	1.6455	1.6461	1.6469		1.6454	1.6440	1.6448
GBPNZD	2.0801	2.0817	2.0832	2.0848	2.0863	2.0879	2.0894		2.0865	2.0834	2.0846
GBPCAD	1.5369	1.5379	1.5395	1.5405	1.5421	1.5431	1.5447		1.5414	1.5388	1.5412
AUDCHF	1.0042	1.0047	1.0053	1.0058	1.0064	1.0069	1.0075		1.0063	1.0052	1.0059
NZDCHF	0.7916	0.7920	0.7928	0.7932	0.7940	0.7944	0.7952		0.7937	0.7925	0.7935
CADCHF	1.0713	1.0723	1.0729	1.0739	1.0745	1.0755	1.0761		1.0749	1.0733	1.0735
AUDCAD	0.9346	0.9351	0.9360	0.9365	0.9374	0.9379	0.9388		0.9371	0.9357	0.9368
NZDCAD	0.7371	0.7374	0.7382	0.7385	0.7393	0.7396	0.7404		0.7389	0.7378	0.7389
AUDNZD	1.2648	1.2659	1.2666	1.2677	1.2684	1.2695	1.2702		1.2688	1.2670	1.2673

Last Updated: May 03 23:35 GMT

Based on Bar of May 03 23:00 GMT (more…)

Good morning from Hamburg and welcome! The financial situation in Europe seems to be the most significant for the FOREX market at the moment. After having Greece’s financial debt, a lot of investors are speculating who might be the next struck country.

We wish you a nice start in the new trading week!

Markets review

The EUR fell for the first time in four days versus the USD and the JPY after Euro-zone finance ministers agreed to a 3 year deal of €110 billion bailout for Greece. The commission, the EU’s executive arm, estimates that Greece’s gross domestic product will shrink about 4 percent this year and by almost half that amount in 2011, before growing in 2012. ‘The Greek banking system is actually quite well capitalized,’ Poul Thomsen, the IMF European Department Deputy director, said in Athens. ‘But clearly, with this dramatic program, the contraction in nominal GDP, we do expect to see an increase in non-performing loans.’ The package for Greece foresees the budget deficit failing to 8.1 percent of GDP this year from 13.6 percent in 2009.

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This market was in a broad based consolidation. Even cross pairs created from the weakest paired with the stronger currencies such as EUR/CAD is finding bottoms. In these periods, it is important to follow the structure of the consolidation. It is also important to be patient in dealing with consolidations because most likely we premature see them complete. Let’s see if we can anticipate next week’s developments.

EUR/USD’s Pullback Tests Broken Support as Resistance

Last week, I noted a target of 1.3050, which the market missed. 1.31 held, and the market is in another correction rally. The rally hit 1.3340, and is declining, and watching this decline might give you a heads up whether or not the correction is complete.

1H: The market continued the correction rally as anticipated in yesterday’s video update where wave c was possibly developing. The market rose slightly past the swing projection suggested by a near-term positive reversal.

Now we have this rally test an important powerline at the 78.6% retracement or 1.3350 level. This is also where the previous consolidation support was broken.

If the market tops off here, we have another negative RSI reversal. Note that the momentum has shown sequentially stronger retracements, but price action has not been able to make higher pivots.

Look for a top near 1.3350. If a strong bearish candle follows, a swing towards 1.3050 is likely.

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Daily FX Report

Good morning from sunny Hamburg and welcome. After Greece and Portugal lost creditworthiness yesterday, Standard and Poor`s downgraded the credit rating of Spain too. The EUR and the GBP dropped versus its most major counterparts. Anyways, we wish you a successful trading day.

Markets review

The EUR continued its downward trend against the most traded counterparts after Standard and Poor`s cut the debt rating of Spain. Yesterday, Standard and Poor`s also reduced the credit rating of Greece and Portugal. Spain is the third country in Europe which lost credit-worthiness. That is a signal that the European deficit crisis is spreading. The EUR traded at its one year low and reached 1.3175 against the USD. The EUR weakened as Germany`s chancellor Angela Merkel pledged in Berlin to step up efforts to overcome the Greece financial crisis. The USD strengthened the most versus the JPY in a month as the Federal Reserve said in its statement that the U.S. labor market is beginning to improve. The USD increased to as much as 1.1% against the JPY and reached 94.32. Also against the EUR, the JPY decreased and lost 1.2% to 124.32.

The NZD dropped versus all of its 16 major counterparts as central bank Governor Alan Bollard indicated he may increase the overnight cash rate at a slower pace than in previous cycles. The NZD slid 0.4% against the USD and traded at 0.7180. Also the JPY gained 0.4% versus the NZD and reached 67.52. The AUD was unchanged against the USD and the JPY. The GBP weakened versus 14 of its 16 major counterparts after the Bank of England said that the U.K. economy remained in a fragile state and inflation is likely to stay under control this year. (more…)

Daily FX Report

Good morning from Hamburg and welcome to our daily FX Report. The JPY and the GBP rose against most of its 16 major counterparts and the CAD is trading near the parity to the USD. Furthermore we are reporting about the EUR. However, as usual we wish you much success in trading today

Markets review

The CAD was within a cent of parity with its U.S. major counterpart as traders expected a signal that a bailout of Greece would succeed in preventing a financial crisis from spreading. This increased the demand for higher yielding assets. The CAD reached nearly a one for one basis against the USD and traded at 1.0003. During the last two months, the CAD could gain about 700 pips against the USD and touched on April 21st its highest level since June 2008 at 0.9131. Last week, the USD recovered as much as 0.6% after the Canadian inflation rate failed to keep pace with the expectations which were forecasted. Furthermore the CAD weakened as crude oil for the June delivery dropped as much as 1.6% after earlier gaining 0.6% to 85.63 USD a barrel. Currently, crude oil is trading at 83.95 a barrel. Furthermore the EUR could gain versus the CAD and reached 1.3410. It seems that the CAD tends to rise and fall similar to commodities and equities.

The GBP rose against the USD for the first time in three days after a report showed that the U.K. house prices rose in April for a ninth consecutive month. That solidified the expectations that the economic recovery is gaining traction. The GBP gained versus 13 of its 16 major counterparts.

The USD drooped 0.6% to 1.5473 and the EUR weakened 0.9% to 0.8621 after earlier reaching 0.8604. This was the strongest level since the end of January 2010. The gains for the GBP reduced its yearly losses against the USD to 4.4%.

The JPY dropped against its most traded counterparts as signals that the global economy is recovering were shown. This dented the demand for the currency as a refuge. The AUD traded near its highest level since September 2008 versus the JPY on speculation that U.S. data this week will show that housing market is stabilizing and consumer spending will raise in the first quarter. (more…)

EURUSD

Maintains weak tone from 1.3691/77 top area. Market is trending lower to challenge 1.3300, key trendline support connecting 1.3266/1.3282 lows. Break here would complete a medium-term bear flag for significant move lower. Only regain of 1.3448/1.3520 firms the short-term outlook.

Res: 1.3422, 1.3448, 1.3501, 1.3520
Sup: 1.3356, 1.3340, 1.3300, 1.3280

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Daily Technical Analysis

EURUSD Outlook

The EURUSD had a bearish momentum on Friday, bottomed at 1.3472 and closed at 1.3508. The bullish scenario after price violated the major bearish channel remains intact but clearly has started to lose some momentum. Immediate support at 1.3450/35 area. Consistent move below that area should trigger further bearish pressure re-testing 1.3267 key support area even 1.3100 this week. Initial resistance at 1.3540 area. Break above that area should keep the bullish scenario intact testing 1.3620 and 1.3691 area.

GBPUSD Outlook

The GBPUSD made a gap today, opened about 100 pips lower than Friday’s close price. While the bullish scenario is in a serious threat as price violated the bullish channel, gaps are usually filled and big gaps may produce volatile movement without clear technical direction. I think I will stand aside form now. The bias is bearish in nearest term but like I said price may attempt to fill the gap by moving higher towards the lower line of the bullish channel. Immediate support at 1.5202. Break below that area could trigger further bearish momentum testing 1.5150 region before targeting 1.5000. Initial resistance at 1.5391.

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Euro:

The euro is holding just above the 1.3500 swing point area, and a move below would shift the pair’s outlook to short, and will probably force Eur price revaluations in the mid-term. If Greece remains in the spotlight, the Eur/Usd will probably be heading towards the 1.3280 area in the upcoming week. The volatility smile, which is constructed from the implied volatility in the options market, is favoring the short side of the Eur/Usd.

Cable:

The pound followed the overall mixed sentiment in early Friday trade, and fell 100 pips. With this move, the pair broke below the support trendline that held the pair recently; however, the move was retraced as quickly as it started. The momentum read is moving to Neutral from Long, while the trend read favors short Gbp/Usd positions. (more…)