FX Technical Commentary

Posted by

Euro 1.4275

Initial support at 1.4262 (Dec 18 low) followed by 1.4178 (Sept 1 low). Initial resistance is now located at 1.4412 (Dec 18 high) followed by 1.4536 (Dec 16 high)

Yen 91.15

Initial support is located at 88.97 (Dec 18 low) followed by 88.58 (Dec 15 low). Initial resistance is now at 91.23 (Dec 21 high) followed by 91.32 (Nov 4 High).

Pound 1.6040

Initial support at 1.6031 (Dec 21 low) followed by 1.5973 (Oct 15 low). Initial resistance is now at 1.6248 (Dec 18 high ) followed by 1.6341 (Dec 17 high).

Australian Dollar 0.8785

Initial support at 0.8760 (Oct 6 low) followed by the 0.8647 (Oct 5 low). Initial resistance is now at 0.9011 (Dec 17 high) followed by 0.9070 (Dec 16 high).

Gold 1094

Initial support at 1090 (Dec 21 low) followed by 1084 (Nov 5 low). Initial resistance is now at 1141 (Dec 17 high) followed by 1147 (Dec 9 high) .

Oil 73.60

Initial support at 72.50 (Intraday support) followed by 70.00 (Intraday support). Initial resistance is now at 75.00 (Key Psychological Level) followed by 76.00 (Intraday resistance).

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.4178 1.4262 1.4275 1.4412 1.4536
USD/JPY 88.58 88.97 91.15 91.23 91.32
GBP/USD 1.5973 1.6031 1.6040 1.6248 1.6341
AUD/USD 0.8647 0.8760 0.8785 0.9011 0.9070
XAU/USD 1084.00 1090 1094.00 1141.00 1147.00
OIL/USD 70.00 72.50 73.60 75.00 76.00

Easy Forex
http://www.easy-forex.com

Easy-Forex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products

Related Posts

Post Title: FX Technical Commentary
Author: admin
Posted: 22nd December 2009
Filed As: Forex, Forex Forecast, Support and Resistance, Technical Analysis
Tags: , ,
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply




Spam Protection by WP-SpamFree

captcha service

This blog is gravatar enabled. Get yours registered at gravatar.com