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Daily Technical Analysis by FXCC October 17 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Oct 17, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Analysis by FXCC October 17 2011

    Euro vs US Dollar Strength in EURUSD is likely to continue.
    We see a less chances of an immediate fall on the instrument for short-term technical outlook.
    Next upside barriers follow (1.39394) at (1.40021) and (1.41102).
    Our bias is on buying EURUSD with a stop loss under (1.37132) for today

    [​IMG]

    R1: 1.39394| R2: 1.40021 | R3: 1.41102 | R4: 1.41729 | R5: 1.42810
    S1: 1.38261 | S2: 1.37686 | S3: 1.37232 | S4: 1.36732 | S5: 1.36179

    Great Britian Pound vs US Dollar Strength in GBPUSD is likely to continue.
    We see a less chances of an immediate fall on the instrument for short-term technical outlook.
    Next upside barriers follow (1.59270) at (1.60019) and (1.60574).
    Look for long positions for current trading session.

    [​IMG]

    R1: 1.59270| R2: 1.60019 | R3: 1.60574 | R4: 1.61323 | R5: 1.61823
    S1: 1.57411| S2: 1.56889 | S3: 1.56243 | S4: 1.55425 | S5: 1.54925


    US Dollar vs Japanise Yen The outlook has grown increasingly bullish since USDJPY had remained above its latest swing low at (76.574).
    If this support level is broken to the downside, the outlook will deteriorate.
    Try to buy on depth with a stop loss below (76.574).

    [​IMG]

    R1: 77.447 | R2: 77.773 | R3: 78.100 | R4: 78.400 | R5: 78.727
    S1: 76.674 | S2: 76.311 | S3: 75.892 | S4: 75.592 | S5: 75.292


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

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