Technical Analysis

G-7 F/X Weekly Report

Tuesday, February 5th, 2013
Volume 3 Issue 5

Highlights
USD/CAD has broken back below rotational resistance at 1.0021 which indicates the USD/CAD is not ready to break higher and remains in a rotational state which leaves it vulnerable for a further decline to .9832. Longs are open at 1.0025 with a .9950 stop. EUR/USD remains in an uptrend since making lows at the end of July and has now broken above resistance, now support at 1.3490, which if held, targets a continued move higher to 1.3878 in extension. GBP/USD Shorts remain favored below 1.5825. Below support at 1.5721, look for a further decline into 1.5490 with further support/target at 1.5256-1.5320. Short entries at 1.5890 hit a protective stop at 1.5860.

USD/JPY Continues to act strong. Look for continued longs above the top of the trend channel. Below 90.15 would negate the near-term bullish bias and favor aggressive shorts down to 86.70.
AUD/CAD has broken back into its previous rotational range after a brief break above. The bias is now rotational instead of bullish. Longs at 1.0470 were stopped at 1.0390. AUD/CHF has broken below the bottom of its HVA rotational range between .9630 and .9900 and has reached its support/target at .9410-28. Look for continuation shorts below .9410 or retracement shorts at .9630 targeting .9330. AUD/JPY continues to act strong, breaching 94.70 and is breaking out on the longer term charts. Look for continued longs above 94.70 with little resistance until 105. CAD/CHF Short positions are now open at. 9215 with a stop at 9300 and a target of .8935 CAD/JPY Look for continuation longs above 91.06 with further resistance/target at 92.50/95.00 (March 10 highs). CHF/JPY Look for continued upside action above 100.50 targeting 104.10. EUR/CAD has now broken above the top of its trend channel . Above 1.3475 targets a continued move higher with the next area of key resistance at 1.4125-1.4375.. Pullbacks to 1.3330 may be used to enter new longs. EUR/GBP has breached the top of the trend channel. Pullback longs are favored above .8500. EUR/JPY Continuation longs are favored above 127.15 or pullback longs at 122.90. GBP/AUD Shorts are open at 1.5140 with a stops currently at 1.5265 targeting 1.4715. GBP/JPY Expect continuation longs above 144.65 targeting 147.90. Pullback longs may be considered at l142.65 and 139.50..
This report is copyrighted by i10Research. It is authorized for subscribers ONLY. Do not photocopy, otherwise copy or further distribute this information. i10research strictly prohibits these practices. i10Research employs tracing technologies and, for the protection of all subscribers, will prosecute violators. Jeremy Berkovits, CMT(Compliance) (212) 879-0596 jberkovits@i10research.com David Truffelman(Analyst) (919) 267-3974 dtruffelman@i10research.com Aaron Uitenbroek(Analyst) (646) 535-1012 auitenbroek@i10research.com .

i10 Research LLC | New York, NY

Table of Contents

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Trade Update Summary AUD/USD, USD/CAD USD/CHF, EUR/USD GBP/USD, USD/JPY AUD/CAD, AUD/CHF AUD/JPY, CAD/CHF CAD/JPY, CHF/JPY EUR/AUD, EUR/CAD EUR/CHF, EUR/GBP EUR/JPY, GBP/AUD GBP/CAD, GBP/CHF GBP/JPY About i10 Research Disclaimer

Trade Update Summary

Open Orders Symbol Side Type Entry Stop Target Reward / Risk

Open Positions % Move Points Underlying .0112 1.2% .0105 .7% .0058 .6%

Symbol CAD/CHF GBP/AUD USD/CAD

Side Short Short Long

Entry .9215 1.5140 1.0025

Stop .9300 1.5265 .9950

Target .8935 1.4715 1.0290

Last .9103 1.5035 .9967

Recently Closed Symbol GBP/USD AUD/CAD Side Short Long Entry 1.5890 1.0470 Exit 1.5865 1.0390 Points .0025 .0080 % Move Underlying .15% .54%

AUD/USD is trading in a rotational range between 1.0317 and 1.0620.. Price has been rejected at HVA resistance at 1.0620 forcing price back down to the ascending trend line. Above this trend line favors another test of HVA resistance and a possible break above. Below the trend line would target further declines into 1.0317-37 with further support at the bottom of the larger rotation at 1.0138-64.

AUD/USD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

USD/CAD has broken above, then back below rotational resistance at 1.0021which indicates the USD/CAD is not ready to break higher and remains in a rotational state which leaves it vulnerable for a further decline to .9832. Longs are open at 1.0025 but keep stops tight at .9950. Failure to break back above 1.0021-54 would present a reason to flatten the position.

USD/CAD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

USD/CHF has broken back below the bottom of the High Value Area (HVA) at .9230 which favors shorts on retracements targeting .8920.

USD/CHF

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

EUR/USD remains in an uptrend since making lows at the end of July and has now broken above resistance, now support at 1.3490, which if held, targets a continued move higher to 1.3878 in extension. Below 1.3490 would target a retracement back to the lower ascending trend line where new longs may be considered as well..

EUR/USD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

GBP/USD has broken its uptrend on a break below 1.5990 and has breached support, now resistance at1.5825. Shorts remain favored below 1.5825. Below support at 1.5721, look for a further decline into 1.5490 with further support/target at 1.5256-1.5320. Short entries at 1.5890 hit a protective stop at 1.5860.

GBP/USD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

USD/JPY Continues to act strong. Look for continued longs above the upper trend line. A break back inside the trend line would target a brief retracement back to the lower trend line of the channel.

USD/JPY

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

AUD/CAD has broken back into its previous rotational range after a brief break above. The bias is now rotational instead of bullish. Longs at 1.0470 were stopped at 1.0390.

AUD/CAD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

AUD/CHF has broken below the bottom of its HVA rotational range between .9630 and .9900 and has reached its support/target at .9410-28. Look for continuation shorts below .9410 or retracement shorts at .9630 targeting .9330

AUD/CHF

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

AUD/JPY continues to act strong, breaching 94.70 and is breaking out on the longer term charts. Look for continued longs above 94.70 with little resistance until 105.

AUD/JPY

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

CAD/CHF has broken below .9140 which favors continued shorts down to .8928-.9003. Retracements back to .9287 may also be used to enter shorts. Short positions are now open at. 9215 with a stop at 9300 and a target of .8935.

CAD/CHF

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

CAD/JPY continues to act strong and trade higher. Look for continuation longs above 91.06 with further resistance/target at 92.50 and then 95.which are the highs back in March 10.

CAD/JPY

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

CHF/JPY Look for continued upside action above 100.50 targeting 104.10

CHF/JPY

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

EUR/AUD has broken the upper end of its rotational range above 1.2820 and has pulled back after reaching resistance at 1.2991-1.3027. There is too much longer-term resistance to enter new longs at these levels.

EUR/AUD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

EUR/CAD remains in an uptrend since August 2012 and has now broken above the top of its trend channel . Above 1.3475 targets a continued move higher with the next area of key resistance at 1.4125-1.4375.. Pullbacks to 1.3330 may be used to enter new longs.

EUR/CAD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

10

EUR/CHF has broken below its wedge and has reach support at 1.2246 which favors continued shorts down to 1.2147-83..

EUR/CHF

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

EUR/GBP has been modestly trending higher since July 12 and has now breached the top of the trend channel. Pullback longs are favored above .8500.

EUR/GBP

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

11

EUR/JPY continues to trade higher breaking above resistance, now support at 122.90 but has reached long term resistance at 127.15 so expect a pause or a pullback from this level Continuation longs remains favored above 122.90

EUR/JPY

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

GBP/AUD broken below the bottom of the HVA. At 1.5255, which favor shorts down to 1.4900/1.4705. Shorts are open at 1.5140 with a stops currently at 1.5265 targeting 1.4715.

GBP/AUD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

12

GBP/CAD is trading in the middle of its rotational range Below the trend line favors a move to the bottom of the rotation..

GBP/CAD

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

GBP/CHF is in a near-term down trend and has breached previous HVA support at 1.4370-1.4610. We expect the GBP/CHF to find near-term support in this area and are looking for a near-term bounce. .

GBP/CHF

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

13

GBP/JPY continues to act strong. Look for continuation longs above 144.65 targeting 147.90. Pullback longs may be considered at l142.65 and 139.50.

GBP/JPY

Spot Currency

Daily Bar Chart

Volume-at-Price overlay

14

Disclaimer & Analyst Certification

The views expressed in this research report accurately reflect the personal views of the research analysts responsible for the content of this report, Jeremy Berkovits, David Truffelman and Aaron Uitenbroek. The research analysts further certifies that he receives no compensation that is directly or indirectly related to the specific recommendations or views contained within this report. This publication does not constitute and should not be construed as an offer or the solicitation of any transaction to buy or sell any securities or any instruments or any derivatives of the securities mentioned herein or to participate in any particular trading strategies. Although the information contained herein has been obtained from recognized services, and sources believed to be reliable, its accuracy or completeness cannot be guaranteed. Opinions, estimates or projections expressed in this report may make assumptions regarding economic, industry and political considerations and constitute current opinions, at the time of issuance, which are subject to change without notice. The products or securities mentioned in this report may not be eligible for sale in some states or countries. Their value and any income which they may produce may fluctuate and / or be adversely affected by interest rates, exchange rates and other factors. This information is being furnished to you for informational purposes only, and on the condition that it will not form a primary basis for any investment decision. Any recommendation contained in this report is not intended to be, nor should it be construed or inferred to be, investment advice, as such investments may not be suitable for all investors. When preparing this report, no consideration to ones investment objectives, risk tolerance or other individual factors was given; as such, as with all investments, purchase or sale of any securities mentioned herein may not be suitable for all investors. By virtue of this publication, neither the Firm nor any of its employees shall be responsible for any investment decisions. Before committing funds to ANY investment, an investor should seek professional advice. Any information relating to the tax status of financial instruments discussed herein is not intended to provide tax advice, or to be used by anyone to provide tax advice. Investors are urged to consult an independent tax professional for advice concerning their particular circumstances. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, either expressed or implied, is made regarding future performance.

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