euro dollar (eur/usd) weekly outlook for 28 jan to 1 feb 2013
eur/usd currency pair this week closed with gains as euro continues to stronger against dollar.this week low was near 1.3290 while closed near high of 1.3470.after long term breakout euro after correction given reversal this week and may continue to do in upcoming weeks.on downside 1.3170 is 2years average level and major breakup support level.on upside euro achieved target of 1.3450 and now watch for target of 1.3550 and then 1.3750 in next week.ic correction then go long near major support with stoploss.eur/usd weekly chart momentum strong bullish and this rally may last for months.
dollar yen (usd/jpy) weekly outlook for 28 jan to 1 feb 2013
dollar yen currency pair(usd/jpy) this week closed with gains.this was 8th straight week for gains due to weak yen.on above weekly chart usdjpy looks overbought and reached upper level but that not mean to go short here as momentum still strong bullish for dollar.now yen at march 2010 low and next target level will be 94.5-99 and then 101.on downside 88.6 is support and important on weekly closing basis.if any times correction triggers then it will be deep and may be sharp like this upside rally.
pound dollar (gbp/usd) weekly outlook for 28 jan to 1 feb 2013
pound dollar pair this week closing was 1.5794.this week pound closed with loss as become weak on fundamental news flow.for next week outlook remain weak and pound may continue downtrend as slipped below all major averages on weekly chart.on upside 1.5930 remain strong resistance below that stay short for target 1.5530 and 1.5330.gbp/usd weekly rsi closed below 50 and that is also confirmation of sell signal.
dollar franc (usd/chf) weekly outlook for 28 jan to 1 feb 2013
dollar –swiss franc currency pair this week closing was at 0.9269 with loss.swiss franc continue to hold gains and after breakout given consolidation and bounce back and now resumed its uptrend.so next week usd/chf may remain weak and may show lower levels upto 0.9100 to 0.9000.momentum absolutely bearish for usd/chf pair and this week negative closing is clear cut reversal sign of technical bounce back.
dollar Canadian dollar (usd/cad) weekly outlook for 28 jan to 1 feb 2013
us dollar against Canadian dollar currency pair closed at 1.0058 with huge gains.this week us dollar given sharp breakout against Canadian dollar above 2 years average.on downside 1.0000 is 2 years average support and important on weekly closing basis.for next week watch 1.0190 and then 1.0270 as target levels on downside 1.000 is stoploss.
dollar Swedish krona (usd/sek) weekly outlook for 28 jan to 1 feb 2013
us dollar against Swedish krona currency pair this week closed at 6.4598 with loss.usd/sek currency pair is in downtrend as Swedish krona gaining strength.on weekly chart trading at almost 2 years low.next week trend will continue and may expect downside target of 6.3000 to 6.1000 levels.6.6100 remain as trailing stoploss or all shorts.
dollar index(DXY) weekly outlook for 28 jan to 1 feb 2013
dollar index this week closed with loss as investors booked profit as risk environment showing signs of cooling.this week closing is exactly at 3 month average if next 2-3 session dollar index trade below this 79.77 levels then trend become weak for dollar which is good sign for global equity markets as well as all major currencies!!softing in dollar index may boost investors confidence.already all major currencies given long term breakout against dollar and softing in dollar index will push there gains on higher levels!!