FX Forex Market Technical Analysis:
Forex Trading Technical Analysis for the 26. Avr. 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: the upward motion will prevail.
Fulcrum (devaluation level): 1,318
We prefer: long positions in 1319 with price targets at 1.3235 and 1325.
Alternative scenario: in 1318 we expect further downward movement of 1316 and 1314 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
USD / CAD in the course of the day: the downward movement will prevail.
Fulcrum (devaluation level): 0.9875
We prefer: sales positions at 0.9875 with advanced course aims to 0.98 and 0.9775.
Alternative scenario: above 0.9875, we expect further upward movement of 0.99 & 0.9925 as price targets.
Technical Analysis Comment: as long as 0.9875 resistance remains is to await a return to 0.98.
USD / JPY intraday: under pressure.
Fulcrum (devaluation level): 81.45
We prefer: sales positions at 81.4 with price targets of 80.95 and 80.8.
Alternative scenario: above 81.45, we expect further upward movement of 81.65 and 81.8 as price targets.
Technical Analysis Comment: the RSI is badly directed.
AUD / USD intraday: further increase.
Fulcrum (devaluation level): 1,032
We prefer: long positions through 1032 with advanced course aims to 1.0385 & 1042.
Alternative scenario: in 1032 we expect further downward movements with 1.03 & 1.0275 as price targets.
GBP / USD intraday: the upward motion will prevail.
Fulcrum (devaluation level): 1.613
We prefer: long positions at 1.6135 with target prices for 1618 and 1.62.
Alternative scenario: in 1613 we expect further downward movements of 1.61 and 1607 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.
EUR / JPY intraday: bullish trend on 107th
Fulcrum (devaluation level): 107
We prefer: long positions at 107.07 with targets at 107.65 and 108th Course
Alternative scenario: below 107, we expect further downward movements with 106.6 & 106.25 as price targets.
Technical Analysis Comment: although a continuation of the consolidation can not be excluded, should be limited in its extent.
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