Daily Technical Analysis by FXCC 14Dec11

Daily Technical Analysis by FXCC 14Dec11

Postby alayoua » Wed Dec 14, 2011 4:54 am

[B]Daily Technical Analysis by FXCC 14Dec11


Euro vs. US Dollar (EURUSD): We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.32467) zones. A proper confirmation would occur if the EURUSD will manage to fall beyond the (1.29512) support level.
We will try to sell EURUSD from our mentioned resistance levels.

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R1: 1.30939| R2: 1.31607| R3: 1.32367| R4: 1.32814| R5: 1.33218
S1: 1.29512| S2: 1.28660| S3: 1.27233| S4: 1.26381| S5: 1.25981

Great Britain Pound vs. US Dollar (GBPUSD): The outlook has grown increasingly bearish since GBPUSD had remained below its latest swing high at (1.56397).If this resistance level is broken to the upside, the outlook will deteriorate. Our bias is on selling GBPUSD with a stop loss above (1.56397) for today.

Image

R1: 1.55370| R2: 1.55883| R3: 1.56575| R4: 1.57176| R5: 1.57697
S1: 1.54094| S2: 1.53406| S3: 1.52305| S4: 1.51617| S5: 1.51117


US Dollar vs. Japanese Yen USDJPY (USDJPY): We see high chances of the pair move in a range between (78.115 – 77.542). A proper move above (78.115) confirms a probable rally towards (79.464). However, if USDJPY manage to close below (77.542) will support a call for bid tone.
You may try to buy from lower border and/or sell from upper border.

Image

R1: 78.491| R2: 78.864| R3: 79.164| R4: 79.464| R5: 79.764
S1: 77.642| S2: 77.134| S3: 76.834| S4: 76.534| S5: 76.234

Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis
[/B]
alayoua
 
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Joined: Tue Jul 19, 2011 1:26 pm

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