Posts Tagged ‘Major Currencies’
Major Currencies Analysis – Daily 06.25.2010
Friday, June 25th, 2010EUR/USD
Current level – 1.2341
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The pair couldn’t break below 1.2260 support and advanced above 1.2350 resistance, peaking at 1.2389. Current bias is positive for 1.2409, but we feel, that the consolidation below 1.2469 is not over yet, so later today expect one more leg downwards, to 1.2150 support area.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2389 | 1.2601 | 1.2297 | 1.1876 |
| 1.2469 | 1.31+ | 1.2150 | 1.1640 |
Major Currencies Analysis – Daily 06.18.2010
Friday, June 18th, 2010EUR/USD
Current level – 1.2399
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The overall bias remains positive for 1.2601 target area with a crucial level at 1.2242. Intraday support comes at 1.2340 and further appreciation is to be expected, towards the mentioned target zone.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2413 | 1.2601 | 1.2340 | 1.1876 |
| 1.2450 | 1.31+ | 1.2242 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 06.17.2010
Thursday, June 17th, 2010EUR/USD
Current level – 1.2276
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday’s test of the 1.2350 high failed and the pair is still in the corrective pattern, preceding next leg upwards to 1.2601. Today’s low at 1.2240 should provide reliable support for a rise towards 1.2450.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2350 | 1.2601 | 1.2240 | 1.1876 |
| 1.2450 | 1.31+ | 1.2168 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 06.16.2010
Wednesday, June 16th, 2010EUR/USD
Current level – 1.2289
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The uptrend from 1.1880 is still intact, targeting 1.2450 and 1.2601. Initial support is seen at the dynamic projection 1.2249, followed by the crucial 1.2168.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2350 | 1.2601 | 1.2250 | 1.1876 |
| 1.2450 | 1.31+ | 1.2168 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 06.15.2010
Tuesday, June 15th, 2010EUR/USD
Current level – 1.2175
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday’s rise peaked at 1.2300 and current slide is corrective in nature, preceding next leg upwards, towards 1.2601. Reliable support is projected at 1.2150 and ‘trigger’ on the upside is 1.2230.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2199 | 1.2330 | 1.2150 | 1.1876 |
| 1.2230 | 1.2600 | 1.2040 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.28.2010
Friday, May 28th, 2010EUR/USD
Current level – 1.2350
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
A minor consolidation unfolds below yesterday’s high at 1.2393 and it precedes further appreciation towards 1.2440, en route to 1.2603. Crucial on the downside is 1.2202.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2440 | 1.2800 | 1.2202 | 1.20+ |
| 1.2603 | 1.3097 | 1.2140 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.27.2010
Thursday, May 27th, 2010EUR/USD
Current level – 1.2282
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Although we witnessed a new low at 1.2153, the overall bias is positive for 1.2440 and 1.2603. Initial intraday support comes at 1.2237 and first target is 1.2440.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2440 | 1.2800 | 1.2237 | 1.20+ |
| 1.2603 | 1.3097 | 1.2140 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.26.2010
Wednesday, May 26th, 2010EUR/USD
Current level – 1.2318
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.420
Yesterday’s low at 1.2176 was the final of the downtrend since 1.2600 and current bias is positive for 1.2440, en route to 1.2603. Intraday support comes at 1.2260, followed by the crucial 1.2174.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2440 | 1.2800 | 1.2260 | 1.20+ |
| 1.2603 | 1.3097 | 1.2174 | 1.1640 |
