Forex Technical Analysis

10

0
EUR/USD: (1.3170) Has met 1st target off 1.3822 (see graph)
Thu, Jan 15 2009, 06:46 GMT
by KBC Market Research Desk
KBC Bank

Pair in channel off 1.4719, with daily Bollinger bottom at 1.3107 today.
Support area at 1.3150 (today’s low?), ahead of 1.31107/ .3093 (see above/ current reaction low off 1.4719): tough on 1st attempts.
If wrong, next levels at 1.3070 (break-up daily Dec 10), ahead of 1.3006 (monthly envelope bottom) and 1.2973 (daily envelope bottom), where pause favored, amid oversold readings.
Resistance at 1.3227 (daily envelope top), with next levels at 1.3267 (daily Short Term Moving Average↓ and 1.3335/ .3354 (yesterday high/ breakdown daily), where pause favored.
If wrong, next levels at 1.3412 (breakdown daily), ahead of 1.3475 (current week high + daily channel top off 1.4719) and 1.3534 (broken daily Long Term Moving Average↑): tough on 1st attempts.
USD/JPY: (88.97) Reapproached broken channel top off 100.55
EUR/GBP: (.9021) Testing Flag top off high
EUR/JPY: (117.18) Reapproaching 115.85
Published on
Thu, Jan 15 2009, 06:50 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
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http://www.kbc.be/dealingroom | piet.lammens@kbc.be
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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.
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