Forex Forum |Forex | Forex Trading | Currency Trading

Quick Search

Go Advanced

Member Login

Remember Me? Not registered? | Forgot Password
Forex Cyclone
 
Register
Welcome
 
Reply
Old 11-09-2009, 10:11 AM   #1 (permalink)
FXJourney's Avatar
 
Junior Member
Join Date: Apr 2009
Posts: 22
Post FX Majors - Weekly Technicals

EUR-USD – Gains should be limited to 1.5060

EUR-USD upticks are expected to be limited with 1.5060 resistance
Pullback to 1.4460 support remains favoured
Technically, sell upticks in EUR-USD

USD-CHF – Short-term dip should be limited

USD-CHF dropping, but 1.01-area support is expected to find USD-CHF buyers
Risk is still of a USD-CHF downtrend to 0.9645 and lower
Technically, bullish divergence builds for 1.0460 and then 1.0899 (38.2% retracement)

USD-JPY – Still under pressure, but…..

USD-JPY drop is expected to find support ahead of 88/87
Regaining 92.80 resistance is likely to be pivotal when seen
Technically, USD-JPY is a buy as long as 87 support holds

GBP-USD – Rally expected to fade

Regaining 1.6740 remains elusive, though key for 1.7040+
Dips to test 1.6120 support are expected
Technically, GBP-USD is expected to work lower to 1.5700 again over the next month

AUD-USD – Key test of upside ahead

AUD-USD needs to hold 0.9330 now to form a double top, avoid 0.9849+
Turn below 0.8900/0.8860 would confirm a top for 0.84 and lower
Technically, AUD-USD is expected to consolidate back to 0.8700 and lower

USD-CAD – Trend higher favoured

USD-CAD expected to test 1.1124+
Dips should find 1.0630, offering support now
Technically, USD-CAD is a buy on dips now ahead of key support at 1.0209

EUR-JPY – Selling upticks

EUR-JPY rally should be contained; 136 serves as resistance
A drop to 127 could be seen to probe the bottom of the range
Technically, customers should be looking for down-ticks

EUR-GBP – Probe of 0.8700 still attracts

EUR-GBP is grinding lower
Slippage below 0.8900 is expected
Technically, consolidation back to 0.87 is still targeted
FXJourney is offline   Reply With Quote
 
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
CAD FX Technicals Daily Update BillPaay Canadian Dollar 29 02-22-2012 09:13 PM
FX Weekly Technical Update Jason_Lim Forex Journals 1 11-22-2009 11:51 AM
Today's FX Technicals - EURUSD Calxy Forex Journals 0 11-02-2009 11:06 AM
USD is expected to fall more against EM than majors ForexNews Forex Daily News 0 10-06-2009 09:05 AM
G10 JPY crosses – a weekly close above these levels will mean bullish weekly reversals Jason_Lim Trading Strategy 0 04-30-2009 12:52 PM