1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Daily Technical Analysis by FXCC December 01

Discussion in 'Market Predictions and Reports' started by alayoua, Dec 1, 2011.

  1. alayoua

    alayoua Banned

    Joined:
    Jul 19, 2011
    Messages:
    0
    Likes Received:
    0
    Daily Technical Analysis by FXCC December 01

    Euro vs. US Dollar (EURUSD):The EURUSD bias is neutral. Upper barrier is at (1.35428), break above that area could trigger further short term upside pressure testing (1.36863). On the downside, the important price level at (1.32490) may be tested or broken in the coming sessions, which may pull the pair towards (1.32940 – 1.32121). We prefer to wait for break of upper or lower barrier.

    [​IMG]

    R1: 1.35328| R2: 1.36863| R3: 1.38397| R4: 1.39601| R5: 1.41135
    S1: 1.33986| S2: 1.33540| S3: 1.32940| S4: 1.32121| S5: 1.31387

    Great Britain Pound vs. US Dollar (GBPUSD):We see high chances of the pair move in a range between (1.57899 – 1.55159). A proper move above (1.57899) confirms a probable rally towards (1.61776). However, if GBPUSD manage to close below (1.55159) will support a call for bid tone.
    We need to keep a closer look on how prices would behave on today`s trading session.

    [​IMG]

    R1: 1.57635| R2: 1.59236| R3: 1.60673| R4: 1.61776| R5: 1.63213
    S1: 1.56122| S2: 1.55593| S3: 1.54948| S4: 1.54296| S5: 1.53053


    US Dollar vs. Japanese Yen USDJPY (USDJPY):The bias remains neutral in nearest term. A need for a clear break from the range area (78.254 – 77.231) so we can see clearer direction. Break below (77.231) could trigger further bearish pressure targeting (76.052) and keep the major bearish scenario remains strong while break above (78.254) could trigger further bullish correction testing (79.344). We should wait for the victory of either team players (Bulls or Bears).

    [​IMG]

    R1: 78.066| R2: 78.521| R3: 78.889| R4: 79.344| R5: 79.712
    S1: 77.243| S2: 76.875| S3: 76.420| S4: 76.052| S5: 75.752

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

Share This Page