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Daily Technical Analysis by FXCC November 03

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 3, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 03

    Euro vs US Dollar EURUSD maintains a bid tone for now.
    Break above (1.40637) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.36445), however, would confirm continuation of the bearish trend, towards next objective downwards (1.33516).
    Try to sell on rallies with a stop loss above (1.40637).

    [​IMG]

    R1: 1.38215 | R2: 1.38911 | R3: 1.39539 | R4: 1.40295 | R5: 1.41216
    S1: 1.36445 | S2: 1.35441 | S3: 1.34520 | S4: 1.33516 | S5: 1.33116



    Great Britian Pound vs US Dollar GBPUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
    A close above (1.60572) will call for (1.62325), and Loss of (1.58803) sees (1.57607).
    We need to keep a closer look on how prices would behave on today`s trading session.

    [​IMG]

    R1: 1.60000 | R2: 1.60710 | R3: 1.61411 | R4: 1.62325 | R5: 1.62863
    S1: 1.58921 | S2: 1.58383 | S3: 1.57607 | S4: 1.57069 | S5: 1.56569




    US Dollar vs Japanise Yen We believe that possible bullishness could be seen during this trading session.
    Support is at (77.839). 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.
    Buy on depth for today with a stop loss below (77.839).

    [​IMG]

    R1: 78.455 | R2: 78.790 | R3: 79.261 | R4: 79.561 | R5: 79.861
    S1: 77.658 | S2: 77.187 | S3: 76.484 | S4: 76.159 | S5: 75.735


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

     

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