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Daily Technical Analysis by FXCC November 15

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 15, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 15

    Euro vs US Dollar It's likely that EURUSD will decline. A break above (1.38049) could be a threat to the bearish scenario targeting (1.38929) even (1.39781). On the downside, immediate support is at (1.35457).

    Break below that area should keep the major bearish scenario intact testing (1.33295) area
    Look for short positions for today`s trading session.

    [​IMG]


    R1: 1.36767 | R2: 1.37619 | R3: 1.38349 | R4: 1.38929 | R5:1.39781

    S1: 1.35457 | S2:1.34838 | S3: 1.33295 | S4: 1.32443 | S5: 1.32043

    Great Britian Pound vs US Dollar We see high chances of the pair move down gradually towards (1.57484 – 1.56163).

    A proper confirmation would occur if the GBPUSD will manage to close below the (1.58279) support over today`s trading session.
    Shorting GBPUSD is advisable for today.

    [​IMG]


    R1: 1.59600 | R2: 1.60395 | R3: 1.60930 | R4: 1.61716 | R5:1.62511

    S1: 1.58279 | S2:1.57484 | S3: 1.56163 | S4: 1.55368 | S5: 1.54868



    US Dollar vs Japanise Yen We may see the instrument move in the range of (77.985 – 76.711) in today`s trading session.

    We need to see a close above (77.985) or below (76.711).
    A hold for a clearer technical outlook is advisable.

    [​IMG]


    R1: 77.499 | R2: 77.885 | R3: 78.186 | R4: 78.486 | R5: 78.786

    S1: 76.597 | S2:76.146 | S3: 75.846 | S4: 75.546 | S5: 75.246

    Source: FX Central Clearing Ltd. (FXCC)

    Technical Analysis.
     

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