Forex Forum to Share, Discuss, Communicate and Trade Forex

Daily Technical Analysis by FXCC - 12/10/2011

Daily Forex Analysis by FXCC is posted in this sub-forum.
Image

Daily Technical Analysis by FXCC - 12/10/2011

Postby alayoua » Wed Oct 12, 2011 7:50 am

Daily Technical Analysis by FXCC - 12/10/2011

Euro vs. US Dollar (EURUSD):general trend is to the upside. Break below (1.35554) may trigger further fall of the EURUSD. Going above nearest support level at (1.37483), however, would confirm continuation of the bullish trend, towards next objective upwards (1.38667). We will be looking to buy EURUSD upon any price retracement.

Image

R1: 1.36838| R2: 1.37483 | R3: 1.38127 | R4: 1.38667 | R5: 1.39311
S1: 1.35965 | S2: 1.35245 | S3: 1.34575 | S4: 1.33931 | S5: 1.33391

Great Britain Pound vs. US Dollar (GBPUSD):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.56032) zones. A proper confirmation would occur if the GBPUSD will manage to overcome the (1.56384) resistance. Look for long positions for today`s trading session.

Image

R1: 1.56384| R2: 1.56889 | R3: 1.57956 | R4: 1.58456 | R5: 1.58956
S1: 1.55112| S2: 1.54488 | S3: 1.53950 | S4: 1.53406 | S5: 1.52906


US Dollar vs. Japanese Yen USDJPY (USDJPY):Overall the direction remains unclear and price is moving in (77.009 - 76.462) range area, the instrument has a 50 – 50 chance of a recovery above (77.009) or a fall towards (76.462) in the coming session. We should wait for the victory of either team players (Bulls or Bears).

Image

R1: 76.974 | R2: 77.274 | R3: 77.574 | R4: 77.874 | R5: 78.174
S1: 76.335 | S2: 76.035 | S3: 75.735 | S4: 75.435 | S5: 75.135

Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis
User avatar
alayoua
Senior Member
 
Posts: 483
Joined: Wed Jul 20, 2011 6:27 am

Return to FXCC Daily Forex Analysis

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], SuperForex, Yahoo [Bot]