Daily Technical Analysis by FXCC 22Dec11

Daily Technical Analysis by FXCC 22Dec11

Postby alayoua » Thu Dec 22, 2011 4:37 am

Daily Technical Analysis by FXCC 22Dec11


Euro vs. US Dollar (EURUSD): We see better value in short positions.
If the price will go below the first support at (1.29883), this would confirm continuation of the bearish trend, towards next objective downwards (1.29454) then (1.28094) and (1.27448) will follow. Shorting EURUSD is advisable for today.

Image

R1: 1.30896| R2: 1.31542| R3: 1.31974| R4: 1.32620| R5: 1.33266
S1: 1.29883| S2: 1.29454| S3: 1.28094| S4: 1.27448| S5: 1.27048

Great Britain Pound vs. US Dollar (GBPUSD): We see high chances of the pair move in a range between (1.57839 – 1.54830). A proper move above (1.57839) confirms a probable rally towards (1.59506). However, if GBPUSD manage to close below (1.54830) will support a call for bid tone.
Look for a close above/below either barrier.

Image

R1: 1.57477| R2: 1.58241| R3: 1.58742| R4: 1.59506| R5: 1.60007
S1: 1.56212| S2: 1.55711| S3: 1.54947| S4: 1.54446| S5: 1.53946


US Dollar vs. Japanese Yen USDJPY (USDJPY): The USDJPY still trapped in range area of (78.212– 77.587). A break in either direction will determine the trading bias in today`s session. Break below (77.587) could trigger further bearish pressure targeting (76.764), while break above (78.212) could trigger further bullish advances testing (79.401). You may try to buy from lower border and/or sell from upper border.

Image

R1: 78.376| R2: 78.801| R3: 79.101| R4: 79.401| R5: 79.701
S1: 77.714| S2: 77.364| S3: 77.064| S4: 76.764| S5: 76.464

Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis
alayoua
 
Posts: 583
Joined: Tue Jul 19, 2011 1:26 pm

Return to Daily Technical Levels from FXCC