FX Forex Market Technical Analysis:

Forex Trading Technical Analysis for the 25. 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): 1.2945
We prefer, purchase positions in 1295 with price targets for 1305 & 1308.
Alternative scenario: below 1.2945, we expect further downward movements with 1.2875 & 1.2835 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

USD / CAD in the course of the day: range.
Turning point (devaluation level): 1,007
We prefer: long positions over 1007 with extended price targets on 1014 & 1016.
Alternative scenario: in 1007 we expect further downward movements with 1,005 & 1.0025 as price targets.
Technical Analysis Comment: the RSI is mixed with a bullish trend.

USD / JPY intraday: the upward movement will prevail.
Turning point (devaluation level): 77.55
We prefer, purchase positions at 77.6, with price targets on 78 & 78.15.
Alternative scenario: below 77.55, we expect further downward movements with 77.25 & 77.05 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

AUD / USD intraday: further upward movement.
Turning point (devaluation level): 1.0455
We prefer: long positions on 1.0455 with targets at 1.0545 and advanced course 1058.
Alternative scenario: below 1.0455, we expect further downward movements with 1.0425 & 1:04 as price targets.
Technical Analysis Comment: the RSI is well aligned.

GBP / USD intraday: the upward movement will prevail.
Turning point (devaluation level): 1,556
We prefer, purchase positions at 1.5565 with targets at 1.5645 & 1567 course.
Alternative scenario: in 1556 we expect further downward movements with 1551 & 1.5445 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

EUR / JPY intraday: further upward movement.
Turning point (devaluation level): 100.45
We prefer: long positions over 100.45 with enhanced price targets on 101.6 & 102.1.
Alternative scenario: under 100.45, we expect further downward movements with 99.1 & 99.95 as price targets.
Technical Analysis Comment: the RSI is well aligned.

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