FX Forex Market Technical Analysis:
Forex Trading Technical Analysis for the 27. Jan. 2012
Technical Analysis for the following Currencies:
EUR/USD, USD /CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/CHF
All Data are 6:20 am + 1 GMT
EUR / USD intraday: the upward movement will prevail.
Turning point (devaluation level): 1,305
We prefer, purchase positions at 1.3055 with targets at 1.3145 and 1.3185 price.
Alternative scenario: in 1305 we expect further downward movements with 1.3025 & 1298 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
USD / CAD in the course of the day: under pressure.
Turning point (devaluation level): 1,005
We prefer: short positions in 1005 with advanced course aims to 1 & 0.9965.
Alternative scenario: above 1005 we expect further upside movement with 1008 & 1011 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
USD / JPY intraday: under pressure.
Turning point (devaluation level): 77.45
We prefer: sales positions at 77.4, with price targets of 76.85 & 76.65.
Alternative scenario: above 77.45, we expect further upward movement of 77.65 & 77.85 as price targets.
Technical Analysis Comment: the RSI is badly directed.
AUD / USD intraday: the upward movement will prevail.
Turning point (devaluation level): 1,057
We prefer: long positions over 1057 with extended price targets on 1,064 & 1.0685.
Alternative scenario: in 1057 we expect further downward movements with 1054 & 1049 as price targets.
Technical Analysis Comment: the RSI is mixed with a bullish trend.
GBP / USD intraday: the upward movement will prevail.
Turning point (devaluation level): 1.5625
We prefer, purchase positions in 1563 with price targets at 1.5735 and 1577.
Alternative scenario: below 1.5625, we expect further downward movements with 1558 & 1555 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
EUR / JPY intraday: under pressure.
Turning point (devaluation level): 101.6
We prefer: sales positions at 101.6 with advanced course aims to 100.5 & 99.95.
Alternative scenario: over 101.6 we expect further upside movement with 102 & 102.2 as price targets.
Technical Analysis Comment: the RSI is badly directed.
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