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Daily Technical Analysis by FXCC November 30

Discussion in 'Market Predictions and Reports' started by alayoua, Nov 30, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC November 30

    Euro vs US Dollar EURUSD maintains a bid tone for now.
    Break above (1.33831) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.32725), however, would confirm continuation of the bearish trend, towards next objective downwards (1.30346).
    Try to sell on rallies with a stop loss above (1.33831).

    [​IMG]

    R1: 1.33701| R2: 1.34113| R3: 1.34690| R4: 1.35408| R5: 1.36606
    S1: 1.32725| S2: 1.32121| S3: 1.30968| S4: 1.30346| S5: 1.29946


    Great Britian Pound vs US Dollar We see high chances of the pair move down gradually towards (1.54690 – 1.53859).
    A proper confirmation would occur if the GBPUSD will manage to close below the (1.55249) support over today`s trading session.
    We will try to sell GBPUSD from our mentioned resistance levels.

    [​IMG]

    R1: 1.56562| R2: 1.57336| R3: 1.58645| R4: 1.59475| R5: 1.60517
    S1: 1.55249| S2: 1.54690| S3: 1.53859| S4: 1.53029| S5: 1.51987


    US Dollar vs Japanise Yen Currently, further bullish actions could be seen on USDJPY.
    A break below (77.522) could be a threat to the bullish scenario targeting (76.616) even (76.316).
    On upside. Immediate resistance is at (78.259). A close above that area should keep the major bullish scenario intact testing (78.921) area.
    Look for long positions for today`s trading session.

    [​IMG]

    R1: 78.259| R2: 78.602| R3: 78.921| R4: 79.264| R5: 79.583
    S1: 77.597| S2: 77.278| S3: 76.935| S4: 76.616| S5: 76.316


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

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