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Daily Technical Analysis by FXCC December 05

Discussion in 'Market Predictions and Reports' started by alayoua, Dec 5, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC December 05


    Euro vs US Dollar EURUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
    A close above (1.35578) will call for (1.36888), and Loss of (1.33530) sees (1.32725).
    We should wait for a clearer outlook on EURUSD.

    [​IMG]

    R1: 1.34729 | R2: 1.35210 | R3: 1.36183 | R4: 1.36888 | R5: 1.38031
    S1: 1.33731 | S2: 1.33192 | S3: 1.32725 | S4: 1.32121 | S5: 1.31344



    Great Britian Pound vs US Dollar The GBPUSD still trapped in range area of (1.57656– 1.55665). A break in either direction will determine the trading bias in today`s session. Break below (1.55665) could trigger further bearish pressure targeting (1.53334), while break above (1.57656) could trigger further bullish advances testing (1.59294).
    You may try to buy from lower border and/or sell from upper border.

    [​IMG]

    R1: 1.56864 | R2: 1.57556 | R3: 1.58354 | R4: 1.59294 | R5: 1.59844
    S1: 1.55374 | S2: 1.54824 | S3: 1.54296 | S4: 1.53334 | S5: 1.52834


    US Dollar vs Japanise Yen We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (77.231) zones.
    A proper confirmation would occur if the USDJPY will manage to overcome the (78.524) resistance.
    Look for long positions for current trading session.

    [​IMG]

    R1: 78.524 | R2: 78.921 | R3: 79.221 | R4: 79.521 | R5: 79.821
    S1: 77.622 | S2: 77.109 | S3: 76.809 | S4: 76.509 | S5: 76.209


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

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