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Daily Technical Analysis by FXCC November 14

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 14, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 14

    Euro vs US Dollar EURUSD maintains a bid tone for now.
    Break above (1.38049) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.37355), however, would confirm continuation of the bearish trend, towards next objective downwards (1.34922).
    We will try to sell EURUSD from our mentioned resistance levels.


    [​IMG]

    R1: 1.38590 | R2: 1.39262 | R3: 1.40575 | R4: 1.41432 | R5:1.42745
    S1: 1.37355 | S2:1.36810 | S3: 1.36235 | S4: 1.34922 | S5: 1.34065


    Great Britian Pound vs US Dollar Overall the direction remains unclear. GBPUSD might close below (1.58908). If seen this will call for more declines to the (1.59100) level. Further down, support is located at (1.58241). Alternatively, above the (1.61030) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.65446).
    We prefer to wait for break of upper or lower barrier.

    [​IMG]

    R1: 1.61488 | R2: 1.62199 | R3: 1.63467 | R4: 1.64178 | R5:1.65446
    S1: 1.60220 | S2:1.59680 | S3: 1.59100 | S4: 1.58241 | S5: 1.57530


    US Dollar vs Japanise Yen We expect a bullish overall direction for today.
    That requires the base to build on (76.880); targeting (77.885) then (78.267).
    A break under (76.950) support area will extend losses to (75.347).
    Buy on depth for today with a stop loss below (76.950).


    [​IMG]

    R1:77.885 | R2: 78.267 | R3: 78.779 | R4: 79.079 | R5:79.379
    S1: 76.880 | S2:76.247 | S3: 75.947 | S4: 75.647 | S5: 75.347


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

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