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USDCHF The monthly range based upon the most recent Average True Range readings is 635 pips. This implies that USDCHF could potentially trade between 0.8410 and 0.9680. Monthly support is 0.7064 and resistance 0.9595 and 1.1730. USDCHF has been in a strong down trend since October 2000. Since August 2011 USDCHF has experienced a pullback into previous support of 0.9679. This support subsequently has now become strong resistance. The close for February 2012 was beneath the low for January which indicates a possible rotation and reversion back to the down trend. This coincides with the Stochastic approaching the overbought area combined with a stochastic hidden divergence. The current technical view is short with targets at the lower envelope line and support of 0.7064. The alternative scenario is a failure swing of the current move down and a break of resistance at 0.9679 All these scenarios are hypothetical and we are market neutral. http://blog.acfx.com/wp-content/uploads/30daytech/30gbpusd.jpg GBPUSD The monthly range based upon the most recent Average True Range readings is 608 pips. This implies that GBPUSD could potentially trade between 1.53117 and 1.65277. Monthly support is 1.5230 and resistance 1.6750. The price action has been confined in a symmetrical triangle since January 2009. This price pattern which has now entered its fourth year should find resolution no later than January 2014, this being a potential price pattern of some 61 candles. If resolution of this pattern happens as suggested by classical technical analysis we then expect a projected pattern break out by candle 41. This places the break out occurring in May 2012. The current technical view is long up to down trend line that forms the upper boundary of the symmetrical triangle. If a break of the upper boundary occurs, one could wait for a pull back to before deciding to participate in any market move. A failure to break the upper boundary may offer the opportunity to short GBPUSD down to the upward sloping trend line which forms the lower boundary of the price pattern. The alternative scenario is a down break of price pattern. Once again it may be best to wait for a pull back before entering any trade. A failure to break the lower boundary may present alternative opportunity for a long entry. All these scenarios are hypothetical and we are market neutral. It should be noted that a break of this pattern could project GBPUSD either side of the vertical length of the current price pattern http://blog.acfx.com/wp-content/uploads/30daytech/30gbpusd.jpg EURUSD The monthly range based upon the most recent Average True Range readings is 700 pips. This implies that EURUSD could potentially trade between 1.24375 and 1.37375. An attempt to touch the July 2001 trend line fell short by some 100 pips. Although the possibility for attempt to touch this trend line should not ruled out the January monthly candle is potentially bullish. The bullish pattern will be confirmed if the February candle can close higher than the January candle. Furthermore the oversold reading in the Stochastic Oscillator and price holding above the 78.6% Fibonacci level points to a potential bullish reversal into March. The initial price target being 1.3600.However with the possibility of the bad Euro zone news diminishing or being discounted the potential for a major upside break is high. The alternative scenario is a break of the upward sloping trend line followed by a break of support at 1.2600 and 1.2400 levels with a target of the lower envelope at 1.1950. At the moment, due to considerable market news, we are market neutral with a small technical bias to the long side. However, our proprietary technical tools allow us to take much shorter term technical views and participation either side of the short term technical trend. http://blog.acfx.com/wp-content/uploads/30daytech/30daytechh03-12.png

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December 8th, 2011 Important Financial Indicators of the day Forecast Previous GBP 12:00 (GMT) Official Bank Rate 0.50% 0.50% EUR 12:45 (GMT) Minimum Bid Rate 1.00% 1.25% CAD 13:15 (GMT) Housing Starts 0.3% 0.2% EUR 13:30 (GMT) ECB Press Conference USD 13:30 ( GMT) Unemployment Claims 397k 402k Currencies • EUR/USD The euro rose against the dollar, after erasing earlier losses, as optimism increased that European leaders will be able to agree on measures to help solve the region’s debt crisis. o The euro rose 0.1 percent to $1.3412 at 5 p.m. in New York after falling as much as 0.4 percent. • USD/JPY The yen and dollar rose against most major peers as Asian stocks declined amid signs of a slowdown in the region’s economies, boosting demand for refuge currencies. o The pair was little changed yesterday at 77.65 per dollar. • USD/CHF The Swiss franc weakened to within one centime of an eight-month low against the dollar after a lawmaker said a government panel is considering using negative interest rates to combat the currency’s appreciation. o The franc was little changed at 92.49 per dollar at 4:01 p.m. London time after earlier depreciating to 92.88 centimes. Commodities • Gold declined after holdings in exchange-traded products fell from a record and the European Central Bank was seen cutting interest rates today ahead of a regional leaders’ summit intended to tackle the debt crisis. o Immediate-delivery gold fell for the first day in three, losing as much as 0.3 percent to $1,736.43 an ounce and trading at $1,738.02 at 11:30 a.m. in Singapore.. • Oil traded near a one-week low after a gain in inventories indicated demand is recovering more slowly than projected in the U.S., the world’s biggest crude consumer. o Crude for January delivery was at $100.61 a barrel, up 12 cents, in electronic trading on the New York Mercantile Exchange at 1:25 p.m. in Singapore. It fell 0.8 percent yesterday to $100.49, the lowest settlement since Dec. 1.

December 7th, 2011 Important Financial Indicators of the day Forecast Previous GBP 09:30 (GMT) Manufacturing production m/m -0.1% 0.2% NZD 20:00 (GMT) Official Cash Rate 2.50% 2.50% Currencies • EUR/USD The euro rose against the majority of its 16 main counterparts amid speculation Europe will expand funds available to the region’s most-indebted nations as leaders prepare to meet in Brussels tomorrow. o The euro rose 0.3 percent to $1.3445 at 7 a.m. London time. • USD/CHF The Swiss franc weakened after a report showed consumer prices fell in November, increasing speculation the country’s central bank will lower the ceiling on the currency’s exchange rate. o It weakened 0.8 percent to 92.77 centimes per dollar. • USD/CAD Canada’s dollar rose for a second day after Bank of Canada policy makers said growth in the domestic and U.S. economy is stronger than forecast, easing speculation the central bank would signal further monetary easing. o Canada’s currency appreciated 0.6 percent to C$1.0100 per U.S. dollar at 5 p.m. in Toronto. Commodities • Gold may gain after exchange-traded product holdings climbed to a record, and speculation that European leaders are making progress in containing the debt crisis boosted the euro and equities. o Immediate-delivery gold was little changed at $1,729.68 an ounce at 11:20 a.m. in Singapore after rising 0.3 percent yesterday. • Oil rose for a fourth day in New York on concern global supplies of crude will shrink after the European Union signaled it may ban imports from Iran and U.S. stockpiles declined. o Crude for January delivery rose as much as 37 cents to $101.65 a barrel and was at $101.60 in electronic trading on the New York Mercantile Exchange at 3:45 p.m. Equities • U.S. stocks rose, sending the Standard & Poor’s 500 Index higher a second day, on speculation European leaders may act to contain the debt crisis after S&P put 15 euro nations on review for possible downgrade. o The S&P 500 advanced 0.1 percent to 1,258.47 at 4 p.m. New York time. o The Dow Jones Industrial Average added 52.30 points. • European stocks fell, snapping two days of gains for the benchmark Stoxx Europe 600 Index, as Standard & Poor’s put 15 euro-area nations on watch for potential rating downgrades. o The Stoxx 600 slipped 0.3 percent to 241.92 at the close. o France’s CAC 40 Index (CAC) retreated 0.7 percent. o U.K.’s FTSE 100 Index added less than 0.1 percent. • Asian stocks (MXAPJ) rose on speculation European leaders meeting this week in Brussels will step up efforts to fight the debt crisis and stave off lower national credit ratings that may make funding bailouts more costly. o The MSCI Asia Pacific Index (MXAP) rose 0.8 percent to 117.48 as of 12:48 p.m. in Tokyo. o Japan’s Nikkei 225 Stock Average (NKY) rose 0.8 percent. o Hong Kong’s Hang Seng Index increased 0.8 percent.

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Important Financial Indicators of the day Forecast Previous CAD 13:30 (GMT) Building Permits 2.3% -4.9% CAD 14:00 (GMT) Overnight Rate 1.00% 1.00% CAD 15:00 (GMT) Ivey PMI 55.2 54.4 Currencies • EUR/USD The euro fell for a third day after S&P’s announcement, which put European nations including the six AAA-rated countries on watch for potential downgrades pending the outcome of a Dec. 8-9 leaders summit. o The 17-nation currency declined 0.3 percent to $1.3367 at 12:47 p.m. in Tokyo. • GBP/USD The pound strengthened against the dollar, snapping a two-day decline, as optimism that euro-area leaders are acting to ease the region’s debt crisis spurred demand for higher-yielding assets. o The pound was 0.6 percent stronger at $1.5687 at 4:32 p.m. London time. • AUD/USD The Australian dollar weakened after the Reserve Bank of Australia reduced its key cash rate target by 25 basis points to 4.25 percent. o The so-called Aussie slid 0.6 percent to $1.0213 as of 2:32 p.m. in Sydney. Commodities • US gold fell on Tuesday, tracking spot prices lower on fears of a possible mass credit rating downgrade for euro zone nations by Standard & Poor's. o Gold shed 1.1 percent to $1,714.80. • Oil dropped from the highest in almost three weeks in New York as investors speculated that fuel demand will falter amid signs Europe is struggling to tame its sovereign debt crisis. o Crude for January delivery fell as much as 61 cents to $100.38 a barrel in electronic trading on the New York Mercantile Exchange. Equities • U.S. stocks rose, following the best weekly rally since 2009, as optimism that Europe will tame its debt crisis helped the market weather a late-day selloff on reports that euro-area nations' credit outlooks may be cut. o The S&P 500 rose 1 percent to 1,257.08 at 4 p.m. New York time. • European stocks rose, with the benchmark Stoxx Europe 600 Index extending its biggest weekly rally since November 2008, as Italy’s Prime Minister Mario Monti introduced a proposal to cut his nation’s deb. o France’s CAC 40 Index advanced 1.2 percent o U.K.’s FTSE 100 Index rose 0.3 percent • Asian stocks fell, with a benchmark gauge headed for its first loss in seven days, after Standard & Poor’s said it may cut credit ratings on Germany, France and 13 other members of the euro amid the worsening debt crisis. o The MSCI Asia Pacific Index fell 1.4 percent to 116.64 as of 1:53 p.m. in Tokyo. o Hong Kong’s Hang Seng Index lost 1 percent. Japan’s Nikkei 225 Stock Average (NKY) fell 1.2 percent

November 5th, 2011 Important Financial Indicators of the day Forecast Previous GBP 09:30 (GMT) Services PMI 50.6% 51.3% USD 15:00 (GMT) ISM Non-Manufacturing PMI 53.6 52.9 Currencies • EUR/USD The euro gained against most major peers as Italy advanced a plan to cut its deficit before a European summit on the region’s sovereign-debt crisis. o The euro rose 0.1 percent to $1.3404 at 2:05 p.m. in Tokyo from $1.3391 on Dec. 2, when it completed a 1.2 percent weekly advance. • AUD/USD The Australian dollar erased gains against the U.S. currency o The so-called Aussie traded at $1.0211 as of 3:40 p.m. in Sydney from $1.0215 last week. • USD/CAD Canada’s dollar staged its biggest five-day rally since October after central banks including the Bank of Canada took steps this week to make it cheaper for lenders to borrow dollars during emergencies. o The loonie, as the currency is also known for the image of the aquatic bird on the C$1 coin, gained 2.6 percent this week to C$1.0195 per U.S. dollar in Toronto. Commodities • Gold prices traded steady on Monday, after posting their sharpest weekly rise in more than a month, as the euro zone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro. Spot gold was little changed at $1,747.29 an ounce by 0326 GMT, after rising nearly 4 per cent in the previous week. • Oil rose for a second day in New York on concern that tension in the Middle East threatens supplies and speculation that Europe will take steps to tame a debt crisis that may curb economic growth. o Crude for January delivery climbed as much as 77 cents, or 0.8 percent, to $101.73 a barrel in electronic trading on the New York. Equities • Swiss stocks (SMI) climbed, posting their biggest weekly rally since July 2009, after a U.S. report showed the unemployment rate in the world’s largest economy unexpectedly fell in November.. o The Swiss Market Index, a measure of the biggest and most actively traded companies, advanced 0.7 percent to 5,718.85 at the close in Zurich. • European stocks posted their biggest weekly rally in three years as central banks moved to ease the region’s debt crisis and China increased cash supply for its banks to speed up growth in the world’s second-largest economy.. o The Stoxx Europe 600 Index jumped 8.7 percent to 240.73, its largest weekly advance since November 2008 • Asian stocks rose for a sixth day, the longest winning streak since Oct. 13, as Italy took steps to resolve its debt problems before European Union leaders meet this week to tackle the region’s crisis. o The MSCI Asia Pacific Index rose 0.2 percent to 117.92 as of 2:40 p.m. in Tokyo with six of 10 industry groups on the index gaining. o Japan’s Nikkei 225 Stock Average rose 0.5 percent.

Technical Analysis & Mraket outlook by ACFX 2/12/11 Read more: http://dinarvets.com/forums/index.php?app=forums&module=post&section=post&do=reply_post&f=21&t=93462#ixzz1fNRXEfTU EUR/USD The euro pared gains versus the dollar and yen as concern increased that European leaders will struggle to resolve the region’s debt crisis even after central banks moved to ease dollar borrowing for banks. The euro appreciated 0.1 percent to $1.3461 at 5 p.m. in New York after surging as much as 1.6 percent yesterday, the most on an intraday basis since Oct. 27. NZD/USD New Zealand dollar set for a weekly gain against most major peers before U.S. data forecast to show employers added workers at a faster pace, boosting demand for higher-yielding assets.. New Zealand’s dollar bought 78 U.S. cents from 77.94, rising 5.3 percent since Nov. 25. AUD/USD Australia’s dollar fell from almost a two-week high versus its U.S. counterpart after government reports showed consumer spending slowed and building approvals dropped. Australia’s dollar fell 0.7 percent to $1.0213 at 12:21 p.m. in New York

EUR/USD The euro gained the most in a month against the dollar after the Federal Reserve and five other central banks acted to make more funds available to lenders as Europe’s debt crisis threatens global economic growth. The euro strengthened 1 percent to $1.3446 at 5 p.m. in New York and reached $1.3533, the strongest level since Nov. 22. USD/JPY The yen weakened against 14 of its 16 most-traded counterparts as Asian stocks extended a global equity rally, curbing demand for haven assets. Yen was at 77.68 per dollar from 77.62. USD/CAD The Canadian currency rose the most since May 2010 as central banks including the Bank of Canada reduced the cost of emergency dollar funding to ease Europe’s sovereign-debt crisis, buoying riskier assets. The loonie appreciated 1.4 percent to C$1.0174 per U.S. dollar at 5 p.m. Toronto time.