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Daily Technical Analysis by FXCC December 07

Discussion in 'Market Predictions and Reports' started by alayoua, Dec 7, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Analysis by FXCC December 07

    Euro vs. US Dollar (EURUSD): Overall the direction remains unclear. EURUSD might close below
    (1.33507). If seen this will call for more declines to the (1.32522) level. Further down, support
    is located at (1.31979). Alternatively, above the (1.34378) level it will to be traded to resume its
    medium term uptrend towards its important resistance at (1.36710). We prefer to wait for break of
    upper or lower barrier.


    R1: 1.34729| R2: 1.35210| R3: 1.35767| R4: 1.36310| R5: 1.36710
    S1: 1.33630| S2: 1.32940| S3: 1.32522| S4: 1.31979| S5: 1.31579

    Great Britain Pound vs. US Dollar (GBPUSD): GBPUSD is at a crossroads, the instrument has a 50 –
    50 chance of a recovery above (1.57276) or a fall towards (1.55512) in the coming session. We have
    to wait and watch the movement of the instrument from current levels.
    We prefer to wait for break of upper or lower barrier.


    R1: 1.56544| R2: 1.57106| R3: 1.57799| R4: 1.58600| R5: 1.59100
    S1: 1.55259| S2: 1.54690| S3: 1.54022| S4: 1.53522| S5: 1.53022

    US Dollar vs. Japanese Yen USDJPY (USDJPY): 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 (78.055) at (78.355) and (78.655). Try to buy on depth with a stop loss
    below (77.537).


    R1: 78.055| R2: 78.355| R3: 78.655| R4: 78.955| R5: 79.255
    S1: 77.401| S2: 77.101| S3: 76.801| S4: 76.501| S5: 76.201

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

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