EUR/GBP
March 18, 2010
Current level - 0.8956
Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead.
Intraday: broken 0,8980 level and 38,2% Fib which now becomes resistance the cross is headed lower and key area comes in at 0,8850/70.
March 18, 2010
Current level - 1.0098
Long term bias for the USD/CAD remains neutral, trapped in a wide range between 1,0250 and 1,0750. Critical level at 1,0200 support zone, if we break to the downside parity is more than probable.
Intraday: the cross broke lower to a fresh 2010 low at 1,0170 and during the asian session found resistance at the broken bearish channel. Bias remains extremely bearish, expect short covering around 1,0050 -1,0000
March 18, 2010
Current level - 137.52
Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.
Intraday: managed to breach trendline resistance and pushed up to meet the 4 hour 200MA and 61,8% Fib resistance exactly at 139,35. Short term still bullish, but keep in mind that main trend is bearish.
March 18, 2010
Current level - 0.8956
Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead.
Intraday: broken 0,8980 level and 38,2% Fib which now becomes resistance the cross is headed lower and key area comes in at 0,8850/70.
| resistance | support | ||
| intraday | intraweek | intraday | intraweek |
| 0,9000 | 0,9150 | 0,8930 | 0,8850 |
| 0,8980 | 0,9200 | 0,8900 | 0,8800 |
USD/CAD
March 18, 2010
Current level - 1.0098
Long term bias for the USD/CAD remains neutral, trapped in a wide range between 1,0250 and 1,0750. Critical level at 1,0200 support zone, if we break to the downside parity is more than probable.
Intraday: the cross broke lower to a fresh 2010 low at 1,0170 and during the asian session found resistance at the broken bearish channel. Bias remains extremely bearish, expect short covering around 1,0050 -1,0000
| resistance | support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0140 | 1.0320 | 1.0070 | 1,0250 |
| 1.0200 | 1.0400 | 1.0000 | 1,0200 |
GBP/JPY
March 18, 2010
Current level - 137.52
Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.
Intraday: managed to breach trendline resistance and pushed up to meet the 4 hour 200MA and 61,8% Fib resistance exactly at 139,35. Short term still bullish, but keep in mind that main trend is bearish.
| resistance | support | ||
| intraday | intraweek | intraday | intraweek |
| 139.00 | 140.00 | 137.40 | 132.00 |
| 139.35 | 141.00 | 137.00 | 131.00 |
