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Daily Technical Analysis by FXCC December 06

Discussion in 'Market Predictions and Reports' started by alayoua, Dec 6, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC December 06


    Euro vs US Dollar The EURUSD still trapped in range area of (1.34966– 1.33530). A break in either direction will determine the trading bias in today`s session. Break below (1.33530) could trigger further bearish pressure targeting (1.31969), while break above (1.34966) could trigger further bullish advances testing (1.35780).
    We do not see any trading opportunities on the current market condition.

    [​IMG]

    R1: 1.34429 | R2: 1.34866 | R3: 1.35323 | R4: 1.35780 | R5: 1.36441
    S1: 1.33544 | S2: 1.33087 | S3: 1.32590 | S4: 1.31969 | S5: 1.31569

    Great Britian Pound vs US Dollar The GBPUSD bias is neutral. Upper barrier is at (1.57276), break above that area could trigger further short term upside pressure testing (1.57799). On the downside, the important price level at (1.55665) may be tested or broken in the coming sessions, which may pull the pair towards (1.54690 – 1.53847).
    We need to hold for current session.

    [​IMG]


    R1: 1.57153 | R2: 1.57799 | R3: 1.58480 | R4: 1.59155 | R5: 1.59807
    S1: 1.55826 | S2: 1.55259 | S3: 1.54690 | S4: 1.53847 | S5: 1.53347


    US Dollar vs Japanise Yen Strength in USDJPY is likely to continue.
    We see a less chances of an immediate fall on the instrument for short-term technical outlook.
    Next upside barriers follow (78.110) at (78.467) and (78.886).
    Long positions are favored for today.

    [​IMG]

    R1: 78.110 | R2: 78.467 | R3: 78.886 | R4: 79.186 | R5: 79.486
    S1: 77.451 | S2: 77.032 | S3: 76.732 | S4: 76.432 | S5: 76.132


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

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