Forex Technical Analysis
EUR/USD: (1.4052) In Triangle pattern (see graph)
Thu, Jun 11 2009, 07:05 GMT
by KBC Market Research Desk
KBC Bank | View company's profile
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Reversal Day at 1.4339 sent the pair back towards 1.3739 (neckline Daily Double Bottom), with rebound putting it currently back in channel off 1.2964 (see graph) and trying to settle back in daily channel off 1.2885 (bottom at 1.4114 today).
Support area at 1.3992 (broken daily Short Term Moving Average↓ + break-up hourly), with next levels at 1.3954 (daily Bollinger midline), ahead of 1.3919 (reaction low hourly).
If wrong, next levels at 1.3853/ .3842 (reaction lows hourly/ daily envelope bottom), ahead of 1.3812/ .3806 (weekly envelope bottom/ current week low + reaction low off 1.4339), where pause favored.
Resistance at 1.4077/ .4080 (breakdown hourly/ daily envelope top), with next levels at 1.4145/ .4159 (current week high/ breakdown hourly), where pause favored.
If wrong, next levels at 1.4213 (76.4%), ahead of 1.4240 (weekly envelope top): tough on 1st attempts.
USD/JPY: (97.77) Above 96.69
EUR/GBP: (.8554) New reaction low: testing channel bottom off .9082
EUR/JPY: (137.42) Back below channel off 126.99
Published on
Thu, Jun 11 2009, 09:20 GMT
Archive
- 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
- EUR/USD: (1.3697) Rebound retesting 1.3693
Published On Fri, Mar 12 2010, 06:27 GMT
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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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