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Daily Technical Analysis by FXCC November 24

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 24, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 24

    Euro vs US Dollar EURUSD maintains a bid tone for now.
    Break above (1.35785) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.32635), however, would confirm continuation of the bearish trend, towards next objective downwards (1.29750).
    Try to sell on rallies with a stop loss above (1.35785).

    [​IMG]

    R1: 1.33972 | R2: 1.34468 | R3: 1.35178 | R4: 1.35685 | R5:1.36141
    S1: 1.32635 | S2:1.31861 | S3: 1.30524 | S4: 1.29750 | S5: 1.29350



    Great Britian Pound vs US Dollar The outlook has grown increasingly bearish since GBPUSD had remained below its latest swing high at (1.57016).
    If this resistance level is broken to the upside, the outlook will deteriorate.
    We will try to sell GBPUSD from our mentioned resistance levels.

    [​IMG]

    R1: 1.56122 | R2: 1.56913 | R3: 1.57620 | R4: 1.58126 | R5:1.58721
    S1: 1.54594 | S2:1.53970 | S3: 1.52993 | S4: 1.52369 | S5: 1.51869



    US Dollar vs Japanise Yen USDJPY is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
    A close above (77.680) will call for (78.575), and Loss of (76.735) sees (76.296).
    We prefer to wait for break of upper or lower barrier.

    [​IMG]

    R1: 77.606 | R2: 77.920 | R3: 78.261 | R4: 78.575 | R5:78.916
    S1: 76.951 | S2:76.610 | S3: 76.296 | S4: 75.955 | S5: 75.655


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

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