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Daily Technical Analysis by FXCC 23Dec11

Discussion in 'Market Predictions and Reports' started by alayoua, Dec 23, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC 23Dec11


    Euro vs US Dollar We believe that possible bearishness could be seen during this trading session.
    Immediate resistance is at (1.32074). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.
    Try to sell on rallies with a stop loss above (1.32074).

    [​IMG]

    R1: 1.31063| R2: 1.31607| R3: 1.32088| R4: 1.32666| R5: 1.33113
    S1: 1.30038| S2: 1.29591| S3: 1.29013| S4: 1.28566| S5: 1.28166



    Great Britian Pound vs US Dollar We believe that possible bullishness could be seen during this trading session.
    Support is at (1.54830). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.
    Look for long positions for today`s trading session.

    [​IMG]

    R1: 1.57642| R2: 1.58439| R3: 1.58939| R4: 1.59439| R5: 1.59939
    S1: 1.56048| S2: 1.55448| S3: 1.54930| S4: 1.54083| S5: 1.53583


    US Dollar vs Japanise Yen USDJPY is at a crossroads, the instrument has a 50 – 50 chance of a recovery above (78.303) or a fall towards (77.587) in the coming session. We have to wait and watch the movement of the instrument from current levels.
    We need to hold for current session.

    [​IMG]

    R1: 78.524| R2: 78.824| R3: 79.124| R4: 79.424| R5: 79.724
    S1: 77.839| S2: 77.539| S3: 77.239| S4: 76.939| S5: 76.639

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

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