FX Forex Market Technical Analysis:
Forex Trading Technical Analysis for the 18. 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): 1.2705
We prefer, purchase positions at 1.2715 with targets at 1.2805 & 1284 course.
Alternative scenario: below 1.2705, we expect further downward movements with 1268 & 1.2645 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
USD / CAD in the course of the day: under pressure.
Turning point (devaluation level): 1.0165
We prefer: positions below 1.0165 with expanded sales price targets on 1011 & 1.0085.
Alternative scenario: above 1.0165, we expect further upside with 1.0185 & 1021 movements as price targets.
Technical Analysis Comment: the RSI is mixed with a bearish trend.
USD / JPY intraday: under pressure.
Turning point (devaluation level): 76.9
We prefer: sales positions at 76.85 with price targets of 76.55 & 76.35.
Alternative scenario: above 76.9, we expect further upward movement of 77.05 & 77.25 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
AUD / USD intraday: limited upward movement.
Turning point (devaluation level): 1.0355
We prefer: long positions on 1.0355 with advanced course aims to 1,045 and 1.0475.
Alternative scenario: below 1.0355, we expect further downward movements with 1.0335 & 1:03 as price targets.
Technical Analysis Comment: the RSI is inconsistent and can demand caution.
GBP / USD intraday: under pressure.
Turning point (devaluation level): 1.5365
We prefer: sales positions at 1.5355 with targets at 1.5305 & 1527 course.
Alternative scenario: above 1.5365, we expect further upward movements with 1:54 & 1545 as price targets.
Technical Analysis Comment: the RSI is badly directed.
EUR / JPY intraday: expected reversal.
Turning point (devaluation level): 97.6
We prefer: long positions over 97.6 with extended price targets on 98.3 & 98.5.
Alternative scenario: under 97.6, we expect further downward movements with 97.35 & 97 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
Daily Forex Trading Market research on makepipsnow.com
Daily Chart Forex News
