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Daily Technical Analysis by FXCC November 23

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Daily Technical Analysis by FXCC November 23

Postby alayoua » Wed Nov 23, 2011 10:04 am

Daily Technical Analysis by FXCC November 23


Euro vs US Dollar We see high chances of the pair move down gradually towards (1.34137 – 1.33584).

A proper confirmation would occur if the EURUSD will manage to close below the (1.34579) support over today`s trading session.
Sell on rally for today with a stop loss above (1.35785).

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R1: 1.35571 | R2: 1.36127 | R3: 1.36569 | R4: 1.37122 | R5:1.37564

S1: 1.34579 | S2:1.34137 | S3: 1.33584 | S4: 1.33142 | S5: 1.32742



Great Britian Pound vs US Dollar Weakness in GBPUSD is likely to continue.

We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.55821) at (1.55257) and (1.54693).
Sell on rally for today with a stop loss above (1.57016).

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R1: 1.56883 | R2: 1.57447 | R3: 1.57978 | R4: 1.58542 | R5:1.59073

S1: 1.55821 | S2:1.55257 | S3: 1.54693 | S4: 1.54162 | S5: 1.53662



US Dollar vs Japanise Yen We see high chances of the pair move in a range between (77.092 – 76.661). A proper move above (77.092) confirms a probable rally towards (78.626). However, if USDJPY manage to close below (76.661) will support a call for bid tone.

We should wait for a clearer outlook on USDJPY.

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R1: 77.491 | R2: 78.026 | R3: 78.326 | R4: 78.626 | R5:78.926

S1: 76.572 | S2:76.252 | S3: 75.952 | S4: 75.652 | S5: 75.352


Source: FX Central Clearing Ltd. (FXCC)

http://www.fxcc.com/tech-analysis
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