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Daily Technical Analysis by FXCC November 21

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 21, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 21

    Euro vs US Dollar We believe that possible bearishness could be seen during this trading session.
    Immediate resistance is at (1.36241). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.
    Our bias is on selling EURUSD with a stop loss above (1.36241) for today.

    [​IMG]

    R1: 1.35571 | R2: 1.36071 | R3: 1.36942 | R4: 1.37744 | R5:1.38615
    S1: 1.34468 | S2:1.33596 | S3: 1.32725 | S4: .31923 | S5: 1.31523

    Great Britian Pound vs US Dollar We believe that possible bearishness could be seen during this trading session.
    Immediate resistance is at (1.58981). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.
    Look for short positions for today`s trading session.

    [​IMG]

    R1: 1.58721 | R2: 1.59315 | R3: 1.60302 | R4: 1.60930 | R5:1.61814
    S1: 1.57278 | S2:1.56568 | S3: 1.55766 | S4: 1.55056 | S5: 1.54556

    US Dollar vs Japanise Yen The bias remains neutral in nearest term. A need for a clear break from the range area (77.108 – 76.472) so we can see clearer direction. Break below (76.472) could trigger further bearish pressure targeting (75.304) and keep the major bearish scenario remains strong while break above (77.108) could trigger further bullish correction testing (78.340).
    You may try to buy from lower border and/or sell from upper border.

    [​IMG]

    R1: 77.281 | R2: 77.740 | R3: 78.040 | R4: 78.340 | R5:78.640
    S1: 76.363 | S2:75.904 | S3: 75.604 | S4: 75.304 | S5: 75.004

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

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