Forex Technical Analysis

16

0
EUR/USD: (1.2623) Could not sustain below 1.2527 (see graph)
Wed, Nov 19 2008, 06:33 GMT
by KBC Market Research Desk
KBC Bank

Drop from 1.3294 could not sustain below 1.2527 and toying with channel top off 1.4867 (see graph): Support area at 1.2565/ .2544 (reaction lows hourly), with next levels at 1.2512/ .2503 (current week low/ daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.2448 (reaction low hourly) and 1.2396/ .2388 (daily Bollinger bottom/ last week low).
1.2331 = reaction low off high, ahead of 1.2300 (2nd target of daily channel break off 2005 low), where pause favored.
Resistance at 1.2698/ .2701 (breakdown hourly/ daily Medium Term Moving Average↓), with next levels at 1.2740/ .2745 (current week high/ daily envelope top), where pause favored.
If wrong, 1.2823/ .2853 = weekly envelope top/ Nov 13 high: tough on 1st tests.
USD/JPY: (96.58) Failed to extend below channel off 110.67
EUR/GBP: (.8442) In channel off .7694
EUR/JPY: (122.03) Drop from 131.06 retested broken channel top off 155.20
Published on
Wed, Nov 19 2008, 06:37 GMT
Archive
- EUR/USD: (1.4945) In channel off 1.3832
Published On Tue, Nov 24 2009, 06:13 GMT
- EUR/USD: (1.4922) In channel off 1.3832
Published On Fri, Nov 20 2009, 06:35 GMT
- EUR/USD: (1.4914) In channel off 1.3832
Published On Thu, Nov 19 2009, 06:22 GMT
- EUR/USD: (1.4891) In channel off 1.3832
Published On Wed, Nov 18 2009, 06:35 GMT
- EUR/USD: (1.4956) In channel off 1.3832
Published On Tue, Nov 17 2009, 07:55 GMT
[ View All ]
KBC Bank
| Havenlaan 12, 1080 Brussels
http://www.kbc.be/dealingroom | piet.lammens@kbc.be
Legal disclaimer and risk disclosure
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
Related reports
Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Tue, Nov 24 2009, 06:09 GMT
Technical Market Commentary - Technical Market Commentary by India Forex Advisors
Tue, Nov 24 2009, 05:58 GMT
Daily FX Forecast by S.A.F.E. Ltd
Tue, Nov 24 2009, 05:51 GMT
Market Morning Briefing - Market Morning Briefing by Kshitij Consultancy Service
Tue, Nov 24 2009, 05:45 GMT
Currency Trading News - US Dollar, Japanese Yen Slump as 10% Rise in US Home Sales Stokes Risk Appetite by DailyFX
Tue, Nov 24 2009, 05:35 GMT
eurusd, eurjpy, eurgbp, usdjpy
View All
Related content
Heavy turnover continues in the EUR/USD
Forex Live | Tue, Nov 24 2009, 05:54 GMT
Swiss names selling EUR/USD
Forex Live | Tue, Nov 24 2009, 05:40 GMT
Asian forex market wrap: don’t be happy, worry!
Forex Live | Tue, Nov 24 2009, 04:56 GMT
German Ifo data to provide for volatility in early European trade
Forex Live | Tue, Nov 24 2009, 04:32 GMT
Forex: USD/JPY below 90.00
FXstreet.com | Tue, Nov 24 2009, 03:40 GMT
eurusd, eurjpy, eurgbp, usdjpy
View All
FX Market Readings » Early US session
Tue, Nov 24 2009, 00:42 GMT
ForexHedge » Airbus Euro’s or Boeing Dollars ?
Mon, Nov 23 2009, 15:45 GMT
Chartology » Two Looks at the Short Term 15min EUR/USD
Mon, Nov 23 2009, 15:41 GMT
Tech Trading » EUR/USD Towards 1,5060
Mon, Nov 23 2009, 12:08 GMT
FX Market Readings » Week beginning - expected volatile moves
Mon, Nov 23 2009, 12:06 GMT
eurusd, eurjpy, eurgbp, usdjpy
View All
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Yellowlion's Daily EURUSD - Page 6 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Elliott charts with Grega H. - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:05 GMT
Technical analysis for EUR/USD by AceTrader - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:03 GMT
The technical analysis of majors - Page 3 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:02 GMT
eurusd, eurjpy, eurgbp, usdjpy
View All
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
The Weather Report: Ichimoku Cloud Trading
Chris Capre | Tue, Sep 30 2008, 14:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
eurusd, eurjpy, eurgbp, usdjpy
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.