Forex Technical Analysis

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EUR/USD: (1.4430) Reapproaching year low of 1.4365
Wed, Sep 3 2008, 06:21 GMT
by KBC Market Research Desk
KBC Bank

Drop from 1.6040 has met 2nd target of daily Double Top off 1.5285 (1.4530) and is reapproaching year low of 1.4365: 1st Support area at 1.4414/ .4413 (monthly + weekly envelope bottoms/ today’s + new reaction low off high?), with next levels at 1.4382 (61.8% 1.3358 to 1.6040) and 1.4365/ .4359 (year low/ 38.2% 1.1640 to 1.6040): tough on 1st attempts.
Resistance at 1.4489 (breakdown hourly), with next levels at 1.4547 (reaction high hourly), ahead of 1.4568/ .4583 (daily envelope top/ daily Short Term Moving Average↓).
1.4689 = daily Medium Term Moving Average↓: tough on 1st attempts.
Needs sustained trade above 1.4800/ .4811 (weekly envelope top/ Aug 28 high) to indicate improvement on €.
USD/JPY: (108.99) Has met 1st target of Double Bottom off 107.75
EUR/GBP: (.8146) New high in channel off .7795
EUR/JPY: (157.27) Drop from 169.97 extended to new low after having broken daily channel bottom off 2000 low
Published on
Wed, Sep 3 2008, 06:25 GMT
Archive
- EUR/USD: (1.2915) Above 1.2799 (see graph)
Published On Fri, Nov 28 2008, 06:27 GMT
- EUR/USD: (1.2920) Above 1.2799 (see graph)
Published On Thu, Nov 27 2008, 06:37 GMT
- EUR/USD: (1.2970) Above 1.2799 (see graph)
Published On Wed, Nov 26 2008, 06:28 GMT
- EUR/USD: (1.2857) Currently above 1.2799 (see graph)
Published On Tue, Nov 25 2008, 06:43 GMT
- EUR/USD: (1.2517) Testing again channel top and toying back with 1.2527 (see graph)
Published On Fri, Nov 21 2008, 06:51 GMT
[ View All ]
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http://www.kbc.be/dealingroom | piet.lammens@kbc.be
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