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Daily Technical Analysis by FXCC November 25

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 25, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 25

    Euro vs US Dollar The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.34213).
    If this resistance level is broken to the upside, the outlook will deteriorate.
    Look for short positions for today`s trading session.

    [​IMG]

    R1:1.33989 | R2: 1.34468 | R3: 1.34944 | R4: 1.35399 | R5:1.35899
    S1: 1.33034 | S2:1.32618 | S3: 1.32079 | S4: 1.31663 | S5: 1.31263


    Great Britian Pound vs US Dollar GBPUSD maintains a bid tone for now.
    Break above (1.55678) may trigger further recovery of the GBPUSD. Going bellow latest swing low at (1.54335), however, would confirm continuation of the bearish trend, towards next objective downwards (1.52826).
    Our bias is on selling GBPUSD with a stop loss above (1.55678) for today.

    [​IMG]

    R1: 1.55452 | R2: 1.55961 | R3: 1.56774 | R4: 1.57336 | R5:1.58061
    S1: 1.54335 | S2:1.53826 | S3: 1.53326 | S4: 1.52826 | S5: 1.52326



    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 (77.336) will call for (78.391), and Loss of (76.913) sees (76.161).
    Look for a close above/below either barrier.

    [​IMG]

    R1: 77.470 | R2: 77.791 | R3: 78.091 | R4: 78.391 | R5:78.691
    S1: 76.761 | S2:76.461 | S3: 76.161 | S4: 75.861 | S5: 75.561


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

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