日本語
Español
中文
Русский 
- New York 09:17
- London 14:17
- Barcelona 15:17
- Tokyo 23:17
- Sydney 01:17
Daily Technical Strategist
8
1
GBPUSD: TrendlineBreak Highlights The 16514 level
Fri, Nov 20 2009, 11:34 GMT
by Mohammed Isah
HIGHLIGHTS:
GBPUSD: TrendlineBreak Highlights The 16514 level - GBP ended a third-day of downside weakness on Thursday breaking below its short term trendline(clearly seen on the....
EURUSD: Upside Seen Above The 1.4736/1.4625 levels - Price hesitation continues to be seen with EUR holding firmly above its LT rising trendlineand its major emas…
GBPUSD
GBPUSD: TrendlineBreak Highlights The 16514 level.
GBPUSD - GBP ended a third-day of downside weakness on Thursday breaking below its short term trendline(clearly seen on the 4 hourly chart) drawn from the 1.5706 level and switching focus to the 1.6514 level where its Nov 12’09 is located. Further downside momentum if seen will pave the way for a run at the 1.6249/60 area, its Oct 26’09/Nov 03’09 lows. These two key levels must hold if tested to prevent the pair from declining further and targeting its big support standing at its Oct 30’09 high at 1.6124 level ahead of the 1.5706 level, its Oct 13’09 low.Itsdaily RSI is bearish and pointing lower supporting this view. However, a break above its invalidated trendlineis required to halt its current downside weakness and bring further upmovetowards the 1.6875 level, its Nov 16’09 high with a clean penetration of there pushing the pair further higher towards its YTD high at 1.7041. Above that level will resume pair’s medium term uptrend and open up upside risk towards its .50 Ret (2.1160-1.3501 decline) at 1.7314 ahead of the 1.7630 level, its Oct 12’08 high.
EURUSD
EURUSD: Upside Seen Above The 1.4736/1.4625 levels.
EURUSD - Price hesitation continues to be seen with EUR holding firmly above its LT rising trendlineand its major emas. We maintain that while the pair holds above the mentioned support levels chances are for a return to its YTD high at 1.5062 with an eventual break of there creating scope for further upside towards the 1.5082 level, its Aug 10’08 high and next its 1.5283 level, its May 04’08 low. However, a break below the 1.4736 level and the 1.4625 levels will have to be seen to reverse our upside view and bring further losses towards its Oct 02’09 low at 1.4479. Also we expect a combination of the first mentioned levels(1.4736 and 1.4625) to provide strong support if tested and turn the pair back up.
Published on Fri, Nov 20 2009, 11:34 GMT
Archive
- GBPUSD: TrendlineBreak Highlights The 16514 level
Published On Fri, Nov 20 2009, 11:34 GMT - GBPUSD: Weakening And Testing The 1.6681 Level
Published On Thu, Nov 19 2009, 12:12 GMT - EURUSD: Overall Uptrend Remains Intact
Published On Wed, Nov 18 2009, 12:09 GMT - EURGBP: Bows To The 0.8897 Level, Eyes The 0.8838 Level
Published On Tue, Nov 17 2009, 11:28 GMT - EURUSD: Failure Above The 1.5000 Level Keeps Risk Lower
Published On Fri, Nov 13 2009, 17:14 GMT
FXTechstrategy
http://www.fxtechstrategy.com/ | m.isah@fxtechstrategy.com
Legal disclaimer and risk disclosure
This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report.Related reports
Weekly Focus - Squaring positions by Danske Bank A/S
Fri, Nov 20 2009, 16:45 GMT
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Weekly Market Commentary - The trend to lower interest rates continues by Mizuho Corporate Bank
Fri, Nov 20 2009, 15:48 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Related content
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
Peru's Main Stock Indexes End Mixed; Sol Weakens Slightly
Dow Jones | Fri, Nov 20 2009, 21:36 GMT
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
Canada Afternoon: C$ Ends Lower Amid Subdued Risk Sentiment
Dow Jones | Fri, Nov 20 2009, 21:12 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.