FX Technical Commentary – Daily 05.27.2010
Posted by adminEuro 1.2200
Initial support at 1.2144 (May 19 low) followed by 1.2135 (0.50 of 0.8232-1.6039). Initial resistance is now located at 1.2587 (May 24 high) followed by 1.2747 (May 12 high)
Yen 90.05
Initial support is located at 88.97 (May 20 low) followed by 87.95 (May 6 low). Initial resistance is now at 91.88 (May 20 low) followed by 92.97 (May 18 high).
Pound 1.4400
Initial support at 1.4231 (Mary 20 low) followed by 1.4111 (March 18 2009 low). Initial resistance is now at 1.4517 (May 18 High) followed by 1.4918 (May 13 low).
Australian Dollar 0.8250
Initial support at 0.8000 (Big Figure) followed by the 0.7828 ( 2009 low). Initial resistance is now at 0. 8499 (May 18 low) followed by 0.8725 (May 19 high).
Gold 1211
Initial support at 1166 (May 21 low) followed by 1146 (April 27 low). Initial resistance is now at 1229 (Key level) followed by 1250 (1123.90 plus 1.618 of 1085.3-1170.1).
Oil 70.90
Initial support at 69.50 (Intraday Support) followed by 68.00 (Intraday Support). Initial resistance is now at 72.50 (March high) followed by 75.00 (Intraday Resistance).
| Currency | Sup 2 | Sup 1 | Spot | Res 1 | Res 2 |
|---|---|---|---|---|---|
| EUR/USD | 1.2135 | 1.2144 | 1.2200 | 1.2587 | 1.2747 |
| USD/JPY | 87.95 | 88.97 | 90.05 | 91.88 | 92.97 |
| GBP/USD | 1.4111 | 1.4231 | 1.4400 | 1.4517 | 1.4918 |
| AUD/USD | 0.7828 | 0.8000 | 0.8250 | 0.8499 | 0.8725 |
| XAU/USD | 1146.00 | 1166 | 1211 | 1229 | 1250.00 |
| OIL/USD | 68.00 | 69.50 | 70.90 | 72.50 | 75.00 |
About the Author
Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone. This report is provided by Easy- Forex® for informative purposes only. In no way it is a recommendation by Easy-Forex® for you to engage in any trade. It is your sole responsibility and you will have no claims with regards to this report against Easy-Forex®. If you do not agree to this, you are strongly advised not to use this report. Hence, Easy-Forex® shall not be held responsible for any outcome of trading decisions, in regards with this report or similar reports.
I have read a few of the articles on your website now, and I really like your style of blogging. I added it to my favorites web page list and will be checking back soon. Please check out my site as well and let me know what you think. Thanks.