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Daily Technical Analysis by FXCC December 05

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Daily Technical Analysis by FXCC December 05

Postby alayoua » Mon Dec 05, 2011 8:58 am

Daily Technical Analysis by FXCC December 05


Euro vs US Dollar EURUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
A close above (1.35578) will call for (1.36888), and Loss of (1.33530) sees (1.32725).
We should wait for a clearer outlook on EURUSD.

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R1: 1.34729 | R2: 1.35210 | R3: 1.36183 | R4: 1.36888 | R5: 1.38031
S1: 1.33731 | S2: 1.33192 | S3: 1.32725 | S4: 1.32121 | S5: 1.31344



Great Britian Pound vs US Dollar The GBPUSD still trapped in range area of (1.57656– 1.55665). A break in either direction will determine the trading bias in today`s session. Break below (1.55665) could trigger further bearish pressure targeting (1.53334), while break above (1.57656) could trigger further bullish advances testing (1.59294).
You may try to buy from lower border and/or sell from upper border.

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R1: 1.56864 | R2: 1.57556 | R3: 1.58354 | R4: 1.59294 | R5: 1.59844
S1: 1.55374 | S2: 1.54824 | S3: 1.54296 | S4: 1.53334 | S5: 1.52834


US Dollar vs Japanise Yen We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (77.231) zones.
A proper confirmation would occur if the USDJPY will manage to overcome the (78.524) resistance.
Look for long positions for current trading session.

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R1: 78.524 | R2: 78.921 | R3: 79.221 | R4: 79.521 | R5: 79.821
S1: 77.622 | S2: 77.109 | S3: 76.809 | S4: 76.509 | S5: 76.209


Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis
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