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Daily Technical Analysis by FXCC - 12/10/2011

Discussion in 'Market Predictions and Reports' started by alayoua, Oct 12, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC - 12/10/2011

    Euro vs. US Dollar (EURUSD):general trend is to the upside. Break below (1.35554) may trigger further fall of the EURUSD. Going above nearest support level at (1.37483), however, would confirm continuation of the bullish trend, towards next objective upwards (1.38667). We will be looking to buy EURUSD upon any price retracement.

    [​IMG]

    R1: 1.36838| R2: 1.37483 | R3: 1.38127 | R4: 1.38667 | R5: 1.39311
    S1: 1.35965 | S2: 1.35245 | S3: 1.34575 | S4: 1.33931 | S5: 1.33391

    Great Britain Pound vs. US Dollar (GBPUSD):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.56032) zones. A proper confirmation would occur if the GBPUSD will manage to overcome the (1.56384) resistance. Look for long positions for today`s trading session.

    [​IMG]

    R1: 1.56384| R2: 1.56889 | R3: 1.57956 | R4: 1.58456 | R5: 1.58956
    S1: 1.55112| S2: 1.54488 | S3: 1.53950 | S4: 1.53406 | S5: 1.52906


    US Dollar vs. Japanese Yen USDJPY (USDJPY):Overall the direction remains unclear and price is moving in (77.009 - 76.462) range area, the instrument has a 50 – 50 chance of a recovery above (77.009) or a fall towards (76.462) in the coming session. We should wait for the victory of either team players (Bulls or Bears).

    [​IMG]

    R1: 76.974 | R2: 77.274 | R3: 77.574 | R4: 77.874 | R5: 78.174
    S1: 76.335 | S2: 76.035 | S3: 75.735 | S4: 75.435 | S5: 75.135

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis
     

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