Forex Trading Technical Analysis for the 18. May 2012

Technical Analysis for the following Currencies:

EUR/USD, USD /CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/CHF EUR/JPY  includet  Indexes CAC, DAX,
All Data are  7:40 am + 1 GMT

EUR / USD intraday: under pressure.
Fulcrum (devaluation level): 1,273
We prefer: short positions in 1272 with price targets at 1.2625 and 1.26.
Alternative scenario: on 1273, we expect further upward movement of 1276 and 1.2815 as price targets.
Technical Analysis Comment: the RSI is badly directed.

USD / CAD in the course of the day: the upward motion will prevail.
Fulcrum (devaluation level): 1.0135
We prefer: long positions over extended with 1.0135 & 1.0255 price targets to 1,023.
Alternative scenario: below 1.0135, we expect further downward movement of 1009 and 1005 as price targets.
Technical Analysis Comment: the RSI is bullish and calls for a further upward movement.

USD / JPY intraday: under pressure.
Fulcrum (devaluation level): 79.7
We prefer: sales positions at 79.65 with price targets on 79.1 & 78.65.
Alternative scenario: above 79.7, we expect further upward movement of 79.95 and 80.2 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

AUD / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 0.9895
We prefer: sales positions at 0.9895 with enhanced price targets on 0981 & 0978.
Alternative scenario: above 0.9895, we expect further upside with 0.9925 & 0.9965 movements as price targets.
Technical Analysis Comment: the RSI calls for a further downward movement.

GBP / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 1.5835
We prefer: sales positions at 1.5825 with targets at 1.5735 and 1.5695 price.
Alternative scenario: above 1.5835, we expect further upward movement of 1589 and 1595 as price targets.
Technical Analysis Comment: the RSI is badly directed.

EUR / JPY intraday: under pressure.
Fulcrum (devaluation level): 101.55
We prefer: sales positions at 101.55 with targets at 100.25 and advanced course 99.8.
Alternative scenario: above 101.55, we expect further upside with 101.9 & 102.4 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

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Forex Trading Technical Analysis for the 17. May 2012

Technical Analysis for the following Currencies:

EUR/USD, USD /CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/CHF EUR/JPY  includet  Indexes CAC, DAX,
All Data are  7:40 am + 1 GMT

EUR / USD intraday: key short term resistance at 1,276.
Fulcrum (devaluation level): 1,276
We prefer: short positions in 1275 with price targets at 1.2675 and 1.2625.
Alternative scenario: on 1276, we expect further upside with 1.2815 & 1285 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

GBP / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 1.5975
We prefer: short positions in 1597 with price targets to 1,589 & 1586.
Alternative scenario: above 1.5975, we expect further upward movement of 1.6 and 1605 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

USD / JPY intraday: the upward motion will prevail.
Fulcrum (devaluation level): 80.1
We prefer: long positions at 80.15 with price targets of 80.55 & 80.65.
Alternative scenario: below 80.1, we expect further downward movements with 79.95 and 79.8 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

EUR / JPY intraday: under pressure.
Fulcrum (devaluation level): 102.7
We prefer: sales positions at 102.7 with advanced course aims to 101.8 & 101.6.
Alternative scenario: on 102.7, we expect further upside with 102.9 & 103.45 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

GBP / JPY intraday: consolidation.
Fulcrum (devaluation level): 128.35
We prefer: sales positions at 128.35 with enhanced price targets on 127.5 & 127.1.
Technical Analysis Alternative scenario: above 128.35, we expect further upside with 128.6 & 129.05 movements as price targets.

AUD / USD intraday: repentance.
Fulcrum (devaluation level): 0.99
We prefer: long positions over 0.99 with advanced course aims to 0.9985 & 1002.
Alternative scenario: below 0.99, we expect further downward movement of 0987 and 0.9855 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

Cac 40 (May 12) in the course of the day: the downward movement is decisive.
Fulcrum (devaluation level): 3095
We prefer: short positions in 3080 with price targets at 2970 & 2950th
Alternative scenario: on 3095, we expect further upward movement of 3152 and 3198 as price targets.
Technical Analysis Comment: the upside potential is probably limited by the resistance at 3095th

Dax (Juni. 12) in the course of the day: the downward movement is decisive.
Fulcrum (devaluation level): 6491
We prefer: short positions in 6450 with price targets for 6299 and 6240th
Alternative scenario: on 6491, we expect further upward movement of 6593 and 6673 as price targets.
Technical Analysis Comment: although a continuation of the technical correction can not be excluded, should be limited in its extent.

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Forex Trading Technical Analysis for the 16. May 2012

Technical Analysis for the following Currencies:

EUR/USD, USD /CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/CHF EUR/JPY  includet  Indexes CAC, DAX,
All Data are  6:40 am + 1 GMT

EUR / USD intraday: under pressure.
Fulcrum (devaluation level): 1,281
We prefer: sales positions at 1.28 with price targets at 1.2695 and 1267.
Alternative scenario: on 1281, we expect further upward movement of 1287 and 1291 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

USD / CAD in the course of the day: further increase.
Fulcrum (devaluation level): 1.005
We prefer: long positions through 1005 with advanced course aims to 1.01 & 1013.
Alternative scenario: in 1005 we expect further downward movement of 1002 and 0999 as price targets.
Technical Analysis Comment: the RSI is bullish and calls for a further upward movement.

USD / JPY intraday: further increase.
Fulcrum (devaluation level): 80.1
We prefer: long positions at 80.15 with price targets of 80.55 & 80.65.
Alternative scenario: below 80.1, we expect further downward movements with 79.95 and 79.8 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

AUD / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 0.995
We prefer: short positions in 0995 with advanced course aims to 0.99 and 0.9855.
Alternative scenario: on 0995, we expect further upside with 0.9985 & 1002 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

GBP / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 1.605
We prefer: short positions 1,604 to 1,595 with price targets and 1593.
Alternative scenario: on 1605, we expect further upside with 1.6085 & 1.6125 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

EUR / JPY intraday: capped by a negative trend line.
Fulcrum (devaluation level): 102.9
We prefer: sales positions at 102.9 with enhanced price targets on 102 & 101.6.
Alternative scenario: on 102.9, we expect further upside with 103.45 & 103.75 movements as price targets.
Technical Analysis Comment: the RSI is mixed with a bearish trend.

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Forex Trading Technical Analysis for the 15. May 2012

Technical Analysis for the following Currencies:

EUR/USD, USD /CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/CHF EUR/JPY  includet  Indexes CAC, DAX,
All Data are  6:40 am + 1 GMT

EUR / USD intraday: under pressure.
Fulcrum (devaluation level): 1.288
We prefer: short positions in 1287 with price targets at 1:28 and 1.2755.
Alternative scenario: on 1288, we expect further upward movement of 1291 and 1.2955 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

USD / CAD in the course of the day: In the short term resistance at 1.0055 important.
Fulcrum (devaluation level): 1.0055
We prefer: sales positions at 1.0055 with enhanced price targets on 0999 & 0997.
Alternative scenario: above 1.0055, we expect further upward movement of 1,008 and 1:01 as price targets.
Technical Analysis Comment: the RSI is mixed with a bearish trend.

USD / JPY intraday: under pressure.
Fulcrum (devaluation level): 79.95
We prefer: sales positions at 79.9 with price targets of 79.65 & 79.55.
Alternative scenario: above 79.95, we expect further upside with 80.1 & 80.25 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

AUD / USD intraday: Caution.
Fulcrum (devaluation level): 0.995
We prefer: long positions through 0995 with advanced course aims to 1 and 1004.
Alternative scenario: in 0995 we expect further downward movements with 0.9925 & 0.99 as price targets.
Technical Analysis Comment: the RSI posted a bullish divergence (to be confirmed).

GBP / USD intraday: expected reversal.
Fulcrum (devaluation level): 1,608
We prefer: long positions at 1.6085 with targets at 1.6125 and Exchange 1615.
Alternative scenario: in 1608 we expect further downward movement of 1605 and 1.6025 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

EUR / JPY intraday: under pressure.
Fulcrum (devaluation level): 102.9
We prefer: sales positions at 102.83 with price targets on 102.2 & 102nd
Alternative scenario: on 102.9, we expect further upside with 103.45 & 103.75 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

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Forex Trading Technical Analysis for the 14. May 2012

Technical Analysis for the following Currencies:

EUR/USD, USD /CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/CHF EUR/JPY  includet  Indexes CAC, DAX,
All Data are  6:40 am + 1 GMT

EUR / USD intraday: capped by a negative trend line.
Fulcrum (devaluation level): 1.2925
We prefer: sales positions at 1.2915 with targets at 1.2875 and Exchange 1286.
Alternative scenario: above 1.2925, we expect further upside with 1.2955 & 1298 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

USD / CAD in the course of the day: the downward movement will prevail.
Fulcrum (devaluation level): 1.002
We prefer: short positions in 1002 with expanded course objectives at 0.9975 and 0.995.
Alternative scenario: on 1002, we expect further upside with 1.0055 & 1:01 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

USD / JPY intraday: repentance.
Fulcrum (devaluation level): 79.7
We prefer: long positions at 79.75 with price targets on 80.1 & 80.25.
Alternative scenario: below 79.7, we expect further downward movements with 79.55 and 79.4 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

AUD / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 1.0075
We prefer: sales positions at 1.0075 with enhanced price targets on 0999 & 0.9965.
Alternative scenario: above 1.0075, we expect further upside movement with 1.01 & 1.0145 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

GBP / USD intraday: under pressure.
Fulcrum (devaluation level): 1,611
We prefer: sales positions at 1.61 with price targets at 1,605 and 1.6025.
Alternative scenario: on 1611, we expect further upward movement of 1615 and 1.6185 as price targets.
Technical Analysis Comment: the RSI is badly directed.

EUR / JPY intraday: the upward motion will prevail.
Fulcrum (devaluation level): 102.9
We prefer: long positions on 102.9 with advanced course aims to 103.75 & 104.15.
Alternative scenario: at 102.9, we expect further downward movements with 102.7 & 102.4 as price targets.
Technical Analysis Comment: the RSI lacks downward momentum.

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