Daily I-Forex Report by www.epicresearch.sg 1st January 2014

BUY GBP-USD ABOVE 1.6550 TGT 1.6575,1.6610 SL1.06510 SELL USD-CAD BELOW 1.060 TGT 1.0575 ,1.0540 SL 1.0640

ListFree.org (Press Release) - Wednesday, January 1st, 2014

TRADING TIPS

BUY GBP-USD ABOVE 1.6550 TGT 1.6575,1.6610 SL1.06510
SELL USD-CAD BELOW 1.060 TGT 1.0575 ,1.0540 SL 1.0640
Forex – Dollar remains mixed after upbeat U.S. consumer confidence data
Forex – Dollar mixed vs. rivals on final trading day of the year
Forex – USD/CAD edges lower but remains supported

The U.S. dollar remained mixed against its major counterparts on the
final trading day of the year on Tuesday, after data showed that U.S.
consumer confidence rose more-than-expected in December to hit a
three-month high.
Trading volumes are expected to remain light as many investors already
closed books before the end of the year, reducing liquidity in the market
and increasing volatility, which helped exaggerate market moves.
During U.S. morning trade, EUR/USD dipped 0.13% to 1.3782. The
Conference Board said earlier that its index of U.S. consumer
confidence improved to 78.1 in December from 72.0 in November.
Analysts had expected the index to rise to 76.0 this month.
The data came after market research group Kingsbury International said
its Chicago purchasing managers’ index fell to a seasonally adjusted
59.1 this month from a reading of 63.0 in November. Analysts had
expected the index to decline to 61.0 in December.
Also Tuesday, Standard & Poor’s with Case-Shiller said that its
house price index rose at an annualized rate of 13.6% in October
from a year earlier, the strongest pace since February 2006

HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.3800
SUPPORT: 1.3720

HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOK DOWNSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 105.20
SUPPORT: 104.60

HOURLY EURGBP CHART
ANALYSIS
USD/CHF LOOKS DOWNSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 0.8930
SUPPORT: 0.8840

HOURLY EURGBP CHART
ANALYSIS
USD/CAD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANC
RESISTANCE: 1.0650
SUPPORT: 1.0610

HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.6580
SUPPORT: 1.6420

Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S.A., Singapore, Australia and Middle East. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for the Singapore market –

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