EUR/USD
Extended weakness after today’s break through 1.2515, 06 May yearly low, and 1.2455, Mar 2009 low, to reach 1.2431 thus far. Immediate focus now stands at 1.2331, key Oct 2008 higher low, break of which may signal extension of the long-term weakness. Current bounce higher is seen corrective while 1.2760 caps and only break there to allow stronger recovery.
Res: 1.2574, 1.2610, 1.2681, 1.2760
Sup: 1.2431, 1.2422, 1.2388, 1.2331
GBP/USD
The latest three legged correction to the downside is potentially corrective, with scope for a fresh leg higher towards the 23.6% retrace of the 1.7041/1.4475 fall, at 1.5081. Below 1.4475 weakens and under 1.4443 defers.
Res: 1.4639, 1.4705, 1.4719, 1.4743
Sup: 1.4494, 1.4475, 1.4443, 1.4397
USD/JPY
Pulling back from yesterday’s upper rejection of previous 93.54 high, to risk 92.18, where a swing low may emerge. Losing the latter, however, triggers deeper pullback at 91.64 and key 90.83.
Res: 93.14, 93.65, 93.98, 94.32
Sup: 92.18, 91.84, 91.64, 90.83
USD/CHF
Upswing from 1.0923, 10 May higher low, broke through 1.1244, 06 May high, extending gains to 1.1264 thus far. Bulls look to extend towards 1.1433, 07 May 2009 swing high, while loss of immediate support at 1.1150 would delay for 1.1056, 12 May low.
Res: 1.1264, 1.1335, 1.1362, 1.1433
Sup: 1.1150, 1.1075, 1.1056, 1.1034
Please visit our sponsors
Results 1 to 2 of 2
-
14-05-2010, 03:20 PM #1
Short Term Technical Analysis for Majors (14:00 GMT)
-
Sponsored Links
-
17-05-2010, 05:26 AM #2
- Join Date
- Jul 2008
- Posts
- 315
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Thanks for the analysis!
The Euro still looks a little sad too but is being artificially helped at the moment with the SNB ( Swiss National Bank ) soaking up a lot of EURCHF around 1.4000 ( possibly 2 bio Euros so far ) and a large ACB protecting a DNT ( Did Not Touch ) option at 1.2500 on EURUSD.
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.