Forex Technical Analysis
EUR/USD: (1.2915) Above 1.2799 (see graph)
Fri, Nov 28 2008, 06:27 GMT
by KBC Market Research Desk
KBC Bank | View company's profile
Vote:

14

0
next report should be on dec 02

Pair could not sustain below 1.2527 and now above 1.2799 (see graph: neckline Double Bottom): Support area at 1.2856 (reaction low hourly + broken daily Long Term Moving Average↓), with next levels at 1.2818/ .2803 (reaction low hourly/ idem + daily envelope bottom).
1.2723/ .2718 = daily Medium Term Moving Average↑/ break-up hourly: ideal area to stay above to keep current short term better mood on €.
Failure to hold would see risk towards 1.2640 (break-up daily Nov 21): tough on 1st attempts.
Resistance at 1.2967/ .2978 (reaction highs hourly), with next levels at 1.1.3044/ .3056 (breakdown hourly/ daily envelope top), ahead of 1.3081 (current week high) and 1.3100/ .3116 (daily Bollinger top/ Nov 05 high), where pause favored.
USD/JPY: (95.27) Currently trying to settle back in channel off 110.67
EUR/GBP: (.8380) In channel off .7694
EUR/JPY: (123.16) Rebound off 116.45 retested 125.98
Published on
Fri, Nov 28 2008, 06:36 GMT
Archive
- EUR/USD: (1.3620) Below Flag bottom off 1.3433 and 1.3639
Published On Fri, Mar 19 2010, 06:28 GMT
- EUR/USD: (1.3688) Approaching Flag bottom off 1.3433
Published On Thu, Mar 18 2010, 06:21 GMT
- EUR/USD: (1.3783) In Flag off 1.3433
Published On Wed, Mar 17 2010, 06:27 GMT
- EUR/USD: (1.3691) In Flag off 1.3433
Published On Tue, Mar 16 2010, 06:18 GMT
- EUR/USD: (1.3740) Above 1.3693
Published On Mon, Mar 15 2010, 06:25 GMT
[ View All ]
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.
Vote:

14

0
Related reports
Market Morning Briefing by Kshitij Consultancy Services
Mon, Mar 22 2010, 03:37 GMT
The European and commodity currencies remained under pressure by CME Group
Mon, Mar 22 2010, 02:50 GMT
Japanese Yen-crosses by CMS Forex
Mon, Mar 22 2010, 02:22 GMT
Greenback Strength Re-emerging by CMS Forex
Mon, Mar 22 2010, 02:16 GMT
EURUSD broke below lower border of price channel by ForexCycle.com
Mon, Mar 22 2010, 01:55 GMT
eurusd, eurjpy, eurgbp, usdjpy
[ View All ]
Related content
Very quiet trade again in Asia
Forex Live | Mon, Mar 22 2010, 02:21 GMT
Quick look at the order books
Forex Live | Mon, Mar 22 2010, 01:25 GMT
Kospi -0.5%, Nikkei closed today
Forex Live | Mon, Mar 22 2010, 00:45 GMT
EUR/USD set to re-test 1.3500
Forex Live | Mon, Mar 22 2010, 00:04 GMT
AUD/USD: mid term top at 0.9250
FXstreet.com | Sun, Mar 21 2010, 23:45 GMT
eurusd, eurjpy, eurgbp, usdjpy
[ View All ]
The FX Trader’s Link » EURUSD, GBPUSD close lower, USDJPY disappoints
Mon, Mar 22 2010, 02:48 GMT
FX Market Readings » Market reading and trading decisions
Mon, Mar 22 2010, 02:46 GMT
FX Path » EUR/USD - Bearishness Continues Off Wedge Breakdown
Mon, Mar 22 2010, 02:17 GMT
The Samurai Trader » EURUSD - looking to hit the 261.8% level
Fri, Mar 19 2010, 12:16 GMT
The Samurai Trader » EURJPY - Still a bearish bias
Fri, Mar 19 2010, 12:16 GMT
eurusd, eurjpy, eurgbp, usdjpy
[ View All ]
EUR/USD Daily Chart Rally Is Over!! Weekly Chart Only Retracment!! - Forex Forum - FXstreet.com
Sun, Mar 14 2010, 19:24 GMT
Usdjpy - Forex Forum - FXstreet.com
Thu, Mar 11 2010, 18:44 GMT
Eurusd - Forex Forum - FXstreet.com
Mon, Mar 8 2010, 10:21 GMT
My Trade plan for review - Forex Forum - FXstreet.com
Thu, Mar 4 2010, 07:58 GMT
EUR/USD Sell at 1.3773 - Forex Forum - FXstreet.com
Tue, Feb 23 2010, 08:43 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.
©2010 "FXstreet.com. The Forex Market" All Rights Reserved.