FX Forex Market Technical Analysis:

Forex Trading Technical Analysis for the 29. Mar. 2012

Technical Analysis for the following Currencies:

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

EUR / USD intraday: key short term resistance at 1.3335.
Fulcrum (devaluation level): 1.3335
We prefer: sales positions at 1.3325 with targets at 1.3285 and Exchange 1325.
Alternative scenario: above 1.3335, we expect further upward movement of 1336 and 1.3385 as price targets.
Technical Analysis Analysis Comment: the RSI is badly directed.

USD / CAD in the course of the day: repentance.
Fulcrum (devaluation level): 0.9965
We prefer: long positions in 0997 with course goals to 1 and 1.001.
Alternative scenario: below 0.9965, we expect further downward movement of 0994 and 0993 as price targets.
Technical Analysis Comment: the RSI is well aligned.

USD / JPY intraday: bullish trend on 82.5.
Fulcrum (devaluation level): 82.5
We prefer: long positions at 82.55 with price targets on 83 & 83.2.
Alternative scenario: below 82.5, we expect further downward movements with 82.25 & 81.95 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

AUD / USD intraday: under pressure.
Fulcrum (devaluation level): 1.0405
We prefer: sales positions at 1:04 with price targets of 1033 and 1.03.
Alternative scenario: above 1.0405, we expect further upward movement of 1042 and 1.0445 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

GBP / USD intraday: repentance.
Fulcrum (devaluation level): 1.588
We prefer: long positions in 1589 with price targets for 1594 & 1597.
Alternative scenario: in 1588 we expect further downward movement of 1586 and 1.5835 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

EUR / JPY during the day: Short-term consolidation at present.
Fulcrum (devaluation level): 110.5
We prefer: sales positions at 110.43 with price targets of 109.8 and 109.35.
Alternative scenario: on 110.5, we expect further upside with 110.95 & 111.25 movements as price targets.

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