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Daily Technical Analysis by FXCC November 22

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 22, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 22


    Euro vs US Dollar We believe that possible bearishness could be seen during this trading session.

    Immediate resistance is at (1.35508). 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.
    Try to sell on rallies with a stop loss above (1.35508).

    [​IMG]


    R1: 1.35399 | R2: 1.35969 | R3: 1.36531 | R4: 1.37078 | R5:1.37640

    S1: 1.34468 | S2:1.33751 | S3: 1.33204 | S4: 1.32642 | S5: 1.32242


    Great Britian Pound vs US Dollar We believe that possible bearishness could be seen during this trading session.

    Immediate resistance is at (1.57735). 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.
    Short positions are favored for today.

    [​IMG]


    R1: 1.56913 | R2: 1.57535 | R3: 1.58061 | R4: 1.58676 | R5:1.59315

    S1: 1.55688 | S2:1.54982 | S3: 1.53841 | S4: 1.53135 | S5: 1.52635



    US Dollar vs Japanise Yen We see high chances of the pair move in a range between (77.092 – 76.661). A proper move above (77.092) confirms a probable rally towards (78.120). However, if USDJPY manage to close below (76.661) will support a call for bid tone.

    We should wait for a clearer outlook on USDJPY.

    [​IMG]


    R1: 77.220 | R2: 77.520 | R3: 77.820 | R4: 78.120 | R5:78.420

    S1: 76.572 | S2:76.272 | S3: 75.972 | S4: 75.672 | S5: 75.372



    Source: FX Central Clearing Ltd. (FXCC)

    Technical Analysis
     

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