You can sign up to receive the reports by email including chart images. Go to www.avantagefinancial.ch ,click contact and fill out the form.

Euro

Held the rising support at 1.4430 last week, but still a heavy tone below 1.4580 level today. Looking at the chart in a longer term view the absolute key rising support is now coming in at 1.4290, which must hold to keep alive the prospects for higher levels. Focus is on ECB interest rate announcement and press conference today.

Support: 1.4430 (rising sup), 1.4360, 1.4290 (key swing level)

Resistance: 1.4527 (100 day), 1.4650, 1.4750, 1.4970 (key level) and 1.5000 (key level)

240 min – Support at 1.4400 and falling resistance at 1.4898.

Cable

Took out intermediate falling resistance yesterday when it broke above 1.9460. Have more resistance at 1.9540 (falling resistance from Nov highs) where we are trading at this very morning and a break above this level opens for a run toward 1.9640 resistance. Key support remains the yearly low at 1.9336 and a break of this level would open for a test of 1.90 near term.

Support: 1.9385, 1.9337 (key Jan low), 1.9310

Resistance: 1.9540 (falling res), 1.9640, 1.9960, 2.0000, 2.0170 (Key level)

120 min – Falling resistance now at 1.9797 and support at 1.9400.

USDCHF

Key resistance is now 1.1120 and falling resistance at 1.1094, so basically any rally towards that level looks like a solid shorting opportunity. To the downside 1.0930 is key support now.

Support: 1.0930, 1.0850, 1.0730 (key low)

Resistance: 1.1120, 1.1205(former support level), 1.1350(former support), 1.1456 and 1.1554 (key falling resistance from Jul 07 highs)

USDJPY

The key levels to watch remains; 107.92 resistance and 105.70 support and need to break out of this range to provide further direction. Watch stocks for further direction in USDJPY as any recovery in the stock market will see the USDJPY go higher and a break of 108.10 is bullish.

Support: 105.70 (key level), 104.95

Resistance: 107.92 (key level), 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)

EURJPY

The levels to keep an eye on today are 157.06 (falling resistance) and 154.30 support and break of either point should provide at least a 50 pips extension. Note Also have former support (now resistance) at 158.80 today.

Support: 154.95, 152.97 (long term rising trend line)

Resistance: 157.60 (falling res), 158.80 (former sup), 159.25 (key level), 160.31 (former support line, now resistance)

USDCAD

Trading inside an apex and the resistance is at 1.0065 and support at 0.9920. It basically need to break out of this formation to trigger any bigger move at this stage.

Support: 0.9920, 0.9830 (key level), 0.9703 (1 month low)

Resistance: 1.0065, 1.0380 (key level, overhead res), 1.0400(former key support.)

EURGBP

Bullish outlook above 0.7400 support today.

Support: 0.7430, 0.7400, 7350, 0.7302 (rising support)

Resistance: 0.7490, 0.7540 (break down level 16 Jan), 0.7612 (all time high)

________________________________________

Risk Warning: Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by Avantage Financial GmbH with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Regardless of the account type you choose, there are risks inherent in trading, including the risk of loss greater than the original investment. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice. Prices can go down as well as up. Past performance is no guarantee of future results.