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Daily Technical Analysis by FXCC October 25

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Daily Technical Analysis by FXCC October 25

Postby alayoua » Tue Oct 25, 2011 10:37 am

Daily Technical Analysis by FXCC October 25

Euro vs. US Dollar (EURUSD):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.38115) zones. A proper confirmation would occur if the EURUSD will manage to overcome the (1.39818) resistance. Try to buy on depth with a stop loss below (1.38115).

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R1: 1.39818| R2: 1.40368 | R3: 1.41169 | R4: 1.41719 | R5: 1.42520
S1: 1.38692 | S2: 1.38271 | S3: 1.37828 | S4: 1.37313 | S5: 1.36730

Great Britain Pound vs. US Dollar (GBPUSD):We expect a bullish overall direction for today. That requires the base to build on (1.59270); targeting (1.60754) then (1.61428). A break under (1.58900) support area will extend losses to (1.56923). Our bias is on buying GBPUSD with a stop loss under (1.58900) for today.


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R1: 1.60754| R2: 1.61428 | R3: 1.62507 | R4: 1.63007 | R5: 1.63507
S1: 1.59270| S2: 1.58596 | S3: 1.58035 | S4: 1.57517 | S5: 1.56923



US Dollar vs. Japanese Yen USDJPY (USDJPY):We expect a bearish overall direction for today. as far as (76.584) remains intact; targeting (75.690) then (75.193). A close above (76.584) resistance area will extend gains to (77.982). You may try to sell from (76.484), (76.885), and (77.382) with a stop loss above (76.584).

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R1: 76.484 | R2: 76.885 | R3: 77.382 | R4: 77.682 | R5: 77.982
S1: 75.690 | S2: 75.193 | S3: 74.893 | S4: 74.593 | S5: 74.293

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