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Daily Technical Analysis by FXCC November 28

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 28, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 28

    Euro vs US Dollar It's likely that EURUSD will decline. A break above (1.3383) could be a threat to the bearish scenario targeting (1.35956) even (1.36356). On the downside, immediate support is at (1.32647).
    Break below that area should keep the major bearish scenario intact testing (1.31256) area
    Try to sell on rallies with a stop loss above (1.3383).

    [​IMG]


    R1: 1.33839| R2: 1.34299 | R3: 1.35408 | R4: 1.35956 | R5:1.36356
    S1: 1.32647 | S2:1.32121 | S3: 1.31256 | S4: 1.30392 | S5: 1.29865


    Great Britian Pound vs US Dollar We prefer a downside scenario at this phase.
    Since bias is bearish in nearest term targeting (1.53009). Another move back above (1.55281) could lead us to neutral zone.
    Try to sell on rallies with a stop loss above (1.55281).

    [​IMG]


    R1: 1.55519 | R2: 1.56122 | R3: 1.56805 | R4: 1.57336 | R5:1.58061
    S1: 1.54296 | S2:1.53621 | S3: 1.53009 | S4: 1.52509 | S5: 1.52009


    US Dollar vs Japanise Yen The USDJPY still trapped in range area of (77.890– 76.924). A break in either direction will determine the trading bias in today`s session. Break below (76.924) could trigger further bearish pressure targeting (75.801), while break above (77.890) could trigger further bullish advances testing (79.634).
    We should wait for a clearer outlook on USDJPY.

    [​IMG]

    R1: 77.928 | R2: 78.631 | R3: 79.334 | R4: 79.634 | R5:79.934
    S1: 77.024 | S2:76.572 | S3: 76.101 | S4: 75.801 | S5: 75.501


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

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