FX Forex Market Technical Analysis:
Forex Trading Technical Analysis for the 24. 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: further upward movement.
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 well aligned.
USD / CAD in the course of the day: under pressure.
Turning point (devaluation level): 1,012
We prefer: short positions in 1012 with expanded course objectives at 1.0065 and 1.0045.
Alternative scenario: above 1012 we expect further upside movement with 1016 & 1.0195 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
USD / JPY intraday: the upward movement will prevail.
Turning point (devaluation level): 76.85
We prefer, purchase positions at 76.9, with price targets at 77.05 and 77.2.
Alternative scenario: below 76.85, we expect further downward movements with 76.5 & 76.65 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
AUD / USD intraday: the trend remains bullish.
Turning point (devaluation level): 1,045
We prefer: long positions over 1045 with advanced course aims to 1,058 & 1062.
Alternative scenario: in 1045 we expect further downward movements with 1:04 & 1035 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
GBP / USD intraday: the upward movement will prevail.
Turning point (devaluation level): 1.5495
We prefer, purchase positions at 1.55 with price targets at 1:56 and 1.5645.
Alternative scenario: below 1.5495, we expect further downward movements with 1.5445 & 1541 as price targets.
Technical Analysis Comment: the RSI is well aligned.
EUR / JPY intraday: the upward movement will prevail.
Turning point (devaluation level): 99.7
We prefer: long positions on 99.7 with advanced course aims at 100.65 and 101.05.
Alternative scenario: under 99.7, we expect further downward movements with 99.1 & 98.8 as price targets.
Technical Analysis Comment: the RSI is mixed with a bullish trend.
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