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Daily Technical Analysis by FXCC 22Dec11

Discussion in 'Market Predictions and Reports' started by alayoua, Dec 22, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    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.


    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.


    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.


    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)
    Technical Analysis

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