Mon, Jan 12 2009, 11:55 GMT
by Kshitij Consultancy Service Team
USD-CHF @ 1.1175/78...Holding Long
---------------------------
R: 1.1283 / 1.1358-68 / 1.1410-31 / 1.1464
S: 1.1134 / 1.1061-45 / 0.1000-0995
Swiss has continued to trade strong during the European session today and recorded a high of 1.1242 and has slipped from there as it could not hold on to the gains. However, only if it dips below the 200-day MA once again, that the chances of it moving towards 1.1385 could be relinquished for the near term. It looks likely to make some upmove during the US session which makes us hold on to the Long we had entered into.
In the broader picture, Swiss is expected to remain ranged between 1.05-1.14 over the next few days/weeks as it continues to remain entangled between the 8-, 13- and 21-MAs on the monthly charts.
Holding:
Long 10K USD @ 1.1192, SL 1.1140, TP 1.1280
GBP-USD @ 1.4963/66...Support region: 1.4902-1.4884
-----------------------------------------------
R: 1.4981 / 1.5108-25 / 1.5148
S: 1.4900-880 / 1.4795-89 / 1.4759
Having found the trendline Resistance at 1.5350 from the daily chart on Friday, the pair has treaded lower and is finding Support at 8-week MA at 1.4902. If it manages to break the Support, it could tread towards 1.4850 as can be seen from the daily chart. To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle
Range of 1.4884-1.4902 is a good Support region for the pair which contains the 8-week MA, 21-day MA, 200-MA on the 4-hourly.
AUD-USD @ 0.6859/61...Slides further
--------------------------------
R: 0.6929-46 / 0.6983-7006 / 0.7022
S: 0.6803-788 / 0.6670 / 0.6604
As projected earlier, Aussie has dipped lower after having broken the 21-day MA and looks set to move towards the lower end of the consolidation range mentioned in the morning before it starts to consolidate between 1.67-1.70 over the next few days. Presently the pair has SUpport at 0.6801 which is the 13-SMA on the 3-day charts. To see the chart of Aussie, click on: http://www.kshitij.com/graphgallery/audma.shtml#ma http://www.kshitij.com/graphgallery/audcandle.shtml#candle
Happy Trading!
Published on Mon, Jan 12 2009, 12:13 GMT
Kshitij Consultancy Service
| Suite 2G, Tower C, Hastings Court, 96 Garden Reach Road, Kolkata 700 023
http://www.fxthoughts.com | info@kshitij.com
Daily Currencies Report - Equity Markets Soar on Friday by UFX Bank
Sun, Nov 8 2009, 08:16 GMT
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
Forex: GBP/USD: Cable hovering around 1.6600
FXstreet.com | Fri, Nov 6 2009, 20:34 GMT
CURRENCIES: Dollar Dips Vs Yen As Jobs Data Has Fed On Hold
Dow Jones | Fri, Nov 6 2009, 20:25 GMT
CURRENCIES: Dollar Index Dips After Job Data Keeps Fed On Hold
Dow Jones | Fri, Nov 6 2009, 17:36 GMT
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program