FX Forex Market Technical Analysis:
Forex Trading Technical Analysis for the 9. Feb. 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 motion will prevail.
Fulcrum (devaluation level): 1.3205
We prefer: long positions in 1321 with price targets at 1.3325 and 1.3355.
Alternative scenario: below 1.3205, we expect further downward movements with 1.3165 & 1.3095 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
USD / CAD in the course of the day: under pressure.
Fulcrum (devaluation level): 0.9985
We prefer: sales positions at 0.9985 with targets at 0.9925 and advanced course 0.99.
Alternative scenario: above 0.9985, we expect further upside movement with 1 & 1003 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
USD / JPY intraday: repentance.
Fulcrum (devaluation level): 76.7
We prefer: long positions at 76.75 with price targets of 77.25 & 77.45.
Alternative scenario: below 76.7, we expect further downward movements with 76.45 & 76.25 as price targets.
Technical Analysis Comment: the RSI is mixed with a bullish trend.
AUD / USD intraday: the upward motion will prevail.
Fulcrum (devaluation level): 1.0765
We prefer: long positions on 1.0765 with targets at 1.0825 and advanced courses 1.0845.
Alternative scenario: below 1.0765, we expect further downward movements with 1.0735 & 1:07 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
GBP / USD intraday: repentance.
Fulcrum (devaluation level): 1.5785
We prefer: long positions in 1579 with price targets at 1.5885 and 1.5925.
Alternative scenario: below 1.5785, we expect further downward movements with 1.5745 & 1573 as price targets.
Technical Analysis Comment: the RSI is well aligned.
EUR / JPY intraday: the upward motion will prevail.
Fulcrum (devaluation level): 101.55
We prefer: long positions over 101.55 with enhanced price targets on 103 & 103.25.
Alternative scenario: at 101.55, we expect further downward movements with 100.95 & 100.35 as price targets.
Technical Analysis Comment: the RSI is mixed with a bullish trend.
Daily Forex Trading Technical Analysis Market research on makepipsnow.com
Daily Chart Forex News
Related Post
No related posts.