Daily Technical Analysis by FXCC 13Dec11

Daily Technical Analysis by FXCC 13Dec11

Postby alayoua » Tue Dec 13, 2011 4:13 am

Daily Technical Analysis by FXCC 13Dec11

Euro vs. US Dollar (EURUSD): We see high chances of the pair move down gradually towards (1.30261 – 1.28893). A proper confirmation would occur if the EURUSD will manage to close below the (1.31069) support over today`s trading session. Try to sell on rallies with a stop loss above (1.34438).

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R1: 1.32437| R2: 1.32889| R3: 1.33331| R4: 1.33744| R5: 1.34278
S1: 1.31069| S2: 1.30261| S3: 1.28893| S4: 1.28085| S5: 1.2768

Great Britain Pound vs. US Dollar (GBPUSD): We see high chances of the pair move in a range between (1.56675 – 1.55270). A proper move above (1.56675) confirms a probable rally towards (1.58329). However, if GBPUSD manage to close below (1.55270) will support a call for bid tone.
You may try to buy from lower border and/or sell from upper border.

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R1: 1.56375| R2: 1.57124| R3: 1.57672| R4: 1.58329| R5: 1.58877
S1: 1.55262| S2: 1.54714| S3: 1.54057| S4: 1.53509| S5: 1.53009


US Dollar vs. Japanese Yen USDJPY (USDJPY): Overall the direction remains unclear. USDJPY might close below (77.028). If seen this will call for more declines to the (76.604) level. Further down, support is located at (76.304). Alternatively, above the (78.102) level it will to be traded to resume its medium term uptrend towards its important resistance at (79.628). You may try to buy from lower border and/or sell from upper border.

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R1: 78.272| R2: 78.728| R3: 79.028| R4: 79.328| R5: 79.628
S1: 77.360| S2: 76.904| S3: 76.604| S4: 76.304| S5: 76.004

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