FX Forex Market Technical Analysis:
Forex Trading Technical Analysis for the 31.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): 1.3115
We prefer, purchase positions in 1312 with price targets for 1325 & 1323.
Alternative scenario: below 1.3115, we expect further downward movements with 1.3075 & 1305 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
USD / CAD in the course of the day: Be careful.
Turning point (devaluation level): 0.9985
We prefer: long positions on 0.9985 with enhanced price targets on 1005 & 1008.
Alternative scenario: below 0.9985, we expect further downward movements with 0997 & 0994 as price targets.
Technical Analysis Comment: The technical indicators are mixed during the day and areas with caution.
USD / JPY intraday: capped by a negative trend line.
Turning point (devaluation level): 76.85
We prefer: sales positions at 76.8, with price targets on 76 & 75.75.
Alternative scenario: above 76.85, we expect further upward movement of 77.25 & 77.65 as price targets.
Technical Analysis Comment: the RSI is badly directed.
AUD / USD intraday: repentance.
Turning point (devaluation level): 1,056
We prefer: long positions over 1056 with extended price targets on 1,064 & 1.0685.
Alternative scenario: in 1056 we expect further downward movements with 1.0525 & 1049 as price targets.
Technical Analysis Comment: is mixed up of RSI bullish.
GBP / USD intraday: the upward movement will prevail.
Turning point (devaluation level): 1.5655
We prefer, purchase positions at 1.5665 with targets at 1.5745 & 1577 course.
Alternative scenario: below 1.5655, we expect further downward movements with 1.5625 & 1558 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
EUR / JPY intraday: under pressure.
Turning point (devaluation level): 100.95
We prefer: sales positions at 100.95 with targets at 99.95 and advanced course 99.35.
Alternative scenario: above 100.95, we expect further upside with 101.4 & 101.6 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
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