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EUR/USD

EUR/USD
January 25, 2010 Current level-1.4137 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.    The pair is still in the consolidation pattern above 1.40+ sentiment level and below 1.4216-60 resistance zone. The intraday bias is slightly positive with a crucial level at 1.4080 and a break through that support will aim directly at 1.3924. Crucial on the upside is 1.4260.
resistance	support
intraday intraweek 1.4216 1.4499 1.4260 1.5146	intraday intraweek 1.40+ 1.40+ 1.3924 1.3740

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USD/JPY

USD/JPY
January 25, 2010 Current level - 90.22 The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54. The minor consolidation above 89.77 is still on the run and we expect it to be limited below 90.80 resistance level, before next leg unfolds downwards, to 88.90.
resistance	support
intraday intraweek 90.80 93.40 92.04 95.60	intraday intraweek 89.80 88.90 88.90 79.60

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GBP/USD

GBP/USD
January 25, 2010 Current level- 1.6131 The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258. Friday's break below the crucial 1.6167 transformed the minor rise from 1.6125 in a corrective phase and the downtrend was renewed, reaching a temporary low at 1.6077. The overall bias remains negative for 1.5901, en route to 1.5706 and crucial on the upside is 1.6283.
resistance	support
intraday intraweek 1.6167 1.6410 1.6284 1.7042	intraday intraweek 1.6077 1.5833 1.5901 1.5352

FOREX NEWS FOR TODAY

10:00am US Existing Home    5.95M(E)    6.54M(E)     400K(S)     50M
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
In the meantime, I would recommend that you try our trade room for
one session for Free. Our flagship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news!

FOREX TIPS......Tuesday January 19, 2010

Tuesday January 19, 2010 (4:45pm NY Time) NZ
NZ CPI q/q                Forecast 0.0%      Previous 1.3%
CPI, Consumer Price Index, is a statistical estimate of the
movement of the prices of goods and services bought for consumption
purposes by households. Its computation uses price data collected
for a sample of goods and services from a sample of sales outlets
in a sample of locations for a sample of times and estimates of the
shares of the different expenditures in the total covered by the
index which are usually based upon expenditure data obtained for
sampled periods from a sample of households(wikipedia).  It is also
known as the "True Cost of Living".
Our surprise factor is 0.3%, if the CPI number (headline) increases
to a surprise at 0.3% then we will BUY of NZD/USD.  If the CPI
number decreases to -0.3% or less, we'll SELL NZD/USD.
Historically, even at a different of 0.2% the market tends to
overreact.  If it does hit our S. Factor, there is 80% of chance it
will move 40 pips.