Posted by Admin
Friday, June 1, 2012
EUR / USD intraday: capped by a negative trend line.
Fulcrum (devaluation level): 1,243
Recomendation : short positions in 1241 with price targets for 1231 and 1.2295.
Alternative scenario: on 1243, we expect further upward movement of 1247 and 1.2505 as price targets.
Technical Analysis Comment: as long as resistance remains 1243, we expect a volatile price movement with bearish trend.
GBP / USD intraday: capped by a negative trend line.
Fulcrum (devaluation level): 1.5465
Recomendation : short positions at 1.5455 with target prices for 1533 and 1.5275.
Alternative scenario: above 1.5465, we expect further upward movement of 1553 and 1.5575 as price targets.
Technical Analysis Comment: as long as the resistance at 1.5465 is not exceeded, the risk of fracture remains high at 1,533.
AUD / USD intraday: under pressure.
Fulcrum (devaluation level): 0976
Recomendation : short positions in 0976 with expanded course objectives to 0962 and 0.96.
Alternative scenario: on 0976, we expect further upward movement of 0.98 and 0986 as price targets.
Technical Analysis Comment: the RSI lacks upward momentum.
USD / CAD in the course of the day: 1.0375 in sight.
Fulcrum (devaluation level): 1.0305
Recomendation : long positions on 1.0305 with targets at 1.0375 and advanced course 1.04.
Alternative scenario: below 1.0305, we expect further downward movements with 1.0255 & 1.0215 as price targets.
Technical Analysis Comment: the RSI is bullish and calls for further increases.
USD / JPY intraday: the downward movement will prevail.
Fulcrum (devaluation level): 78.7
Recomendation : short positions at 78.6 with price targets on 78.2 & 77.75.
Alternative scenario: above 78.7, we expect further upside with 78.9 & 79.1 movements as price targets.
EUR / JPY intraday: capped by a negative trend line.
Fulcrum (devaluation level): 97.35
Recomendation : short positions at 97.35 with wider price targets at 96.45 and 95.9.
Alternative scenario: above 97.35, we expect further upside movement with 98 & 98.45 as price targets.
Technical Analysis Comment: the RSI is bearish and calls for a further decline.
Posted by Admin
Thursday, May 31, 2012
EUR / USD intraday: under pressure.
Fulcrum (devaluation level): 1.2455
Recomendation : short positions at 1.2435 with target prices for 1234 & 1231.
Alternative scenario: above 1.2455, we expect further upward movement of 1249 and 1252 as price targets.
Technical Analysis Comment: as long as 1.2455 resistance remains, we expect a volatile price movement with bearish trend.
GBP / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 1.555
Recomendation : short positions in 1553 with price targets for 1545 and 1.54.
Alternative scenario: on 1555, we expect further upward movement of 1559 and 1562 as price targets.
Technical Analysis Comment: the RSI lacks upward momentum.
AUD / USD intraday: the downward movement will prevail.
Fulcrum (devaluation level): 0.975
Recomendation : short positions in 0975 with expanded price targets on 0965 & 0962.
Alternative scenario: on 0975, we expect further upward movement of 0981 and 0986 as price targets.
Technical Analysis Comment: 0975 while resistance remains is to await a return to 0965.
USD / CAD in the course of the day: bullish trend of 1.0267.
Fulcrum (devaluation level): 1.0267
Recomendation : long positions over extended with 1.0267 & 1.0345 1,031 price targets.
Alternative scenario: below 1.0267, we expect further downside with 1.024 & 1.0215 movements as price targets.
Technical Analysis Comment: The next resistances are at 1.0345 and then 1031.
USD / JPY intraday: the downward movement will prevail.
Fulcrum (devaluation level): 79.1
Recomendation : short positions at 79 with price targets of 78.55 & 78.45.
Alternative scenario: above 79.1, we expect further upside with 79.3 & 79.4 movements as price targets.
EUR / JPY intraday: the downward movement will prevail.
Fulcrum (devaluation level): 98
Recomendation : short positions below 98 with advanced course aims to 97.2 & 97th
Alternative scenario: above 98, we expect further upward movement of 98.45 and 98.7 as price targets.
Technical Analysis Comment: as long as 98 resistance remains is to await a return to 97.2.
Posted by Admin
Wednesday, May 30, 2012
EUR / USD intraday: under pressure.
Fulcrum (devaluation level): 1.2515
Recomendation : short positions at 1.2505 with targets at 1.2455 and Exchange 1242.
Alternative scenario: above 1.2515, we expect further upside with 1.2575 & 1263 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
GBP / USD intraday: under pressure.
Fulcrum (devaluation level): 1.565
Recomendation : short positions in 1564 with price targets for 1559 & 1556.
Alternative scenario: on 1565, we expect further upward movement of 1569 and 1.5715 as price targets.
Technical Analysis Comment: the RSI is badly directed.
AUD / USD intraday: rupture of a rising short term trend line support.
Fulcrum (devaluation level): 0.9835
Recomendation : short positions at 0.9835 with targets at 0.9745 and advanced course 0971.
Alternative scenario: above 0.9835, we expect further upside with 0.9882 & 0.99 movements as price targets.
Technical Analysis Comment: the RSI is bearish and calls for a further downward movement.
USD / CAD in the course of the day: consolidation.
Fulcrum (devaluation level): 1,027
Recomendation : short positions in 1027 with advanced course aims to 1.02 & 1015.
Alternative scenario: on 1027, we expect further upward movement of 1031 and 1.0345 as price targets.
Technical Analysis Comment: as long as resistance remains 1027, is a likely decline to 1.02.
USD / JPY intraday: under pressure.
Fulcrum (devaluation level): 79.65
Recomendation : short positions at 79.6 with price targets on 79.3 & 79.2.
Alternative scenario: above 79.65, we expect further upside movement with 79.8 & 80 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
EUR / JPY intraday: under pressure.
Fulcrum (devaluation level): 99.5
Recomendation : short positions at 99.43 with price targets of 98.75 and 98.3.
Alternative scenario: above 99.5, we expect further upward movement of 99.95 and 100.25 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
Posted by Admin
Monday, May 28, 2012
EUR / USD intraday: under pressure.
Fulcrum (devaluation level): 1.26
Recomendation : short positions in 1259 with price targets at 1.2495 and 1.247.
Alternative scenario: to 1.26, we expect further upside movement with 1263 & 1.2685 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
GBP / USD intraday: under pressure.
Fulcrum (devaluation level): 1,571
Recomendation : short positions at 1:57 with price targets of 1565 and 1.5625.
Alternative scenario: on 1571, we expect further upward movement of 1574 and 1.5765 as price targets.
Technical Analysis Comment: the RSI is badly directed.
AUD / USD intraday: bullish trend of 0.98.
Fulcrum (devaluation level): 0.98
Recomendation : long positions over 0.98 with advanced course aims to 0.9885 and 0.9905.
Alternative scenario: below 0.98, we expect further downward movements with 0.9745 & 0971 as price targets.
Technical Analysis Comment: the fraction of 0.98 represents a positive signal, which has opened a way to 0.9885.
USD / CAD in the course of the day: consolidation.
Fulcrum (devaluation level): 1,027
Recomendation : short positions in 1027 with advanced course aims to 1.02 & 1015.
Alternative scenario: on 1027, we expect further upward movement of 1031 and 1.0345 as price targets.
Technical Analysis Comment: the break in 1027 is a negative signal, which has opened a way to 1.02.
USD / JPY intraday: under pressure.
Fulcrum (devaluation level): 79.65
Recomendation : short positions at 79.6 with price targets on 79.3 & 79.2.
Alternative scenario: above 79.65, we expect further upside movement with 79.8 & 80 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.
EUR / JPY intraday: key short term resistance at 100.3.
Fulcrum (devaluation level): 100.3
Recomendation : short positions at 100.3 with advanced course aims to 99.35 & 98.75.
Alternative scenario: on 100.3, we expect further upside with 100.85 & 101.55 movements as price targets.
Technical Analysis Comment: as long as the resistance at 100.3 is not exceeded, the risk of fracture remains high at 99.35.
Concerns about Spain's ability to shore up fiscal gaps and overhaul its banking system are rattling the AUD/USD, says Peter Dragicevich, a foreign exchange economist at Commonwealth Bank. He adds only a weak U.S. nonfarm payrolls number this Friday, fueling expectations of further stimulus measures from the Fed, would curb current broad-based USD strength; "we've seen Sterling come off and the Euro as well, it's really USD strength across the board." AUD/USD support is pegged at 0.9670, with resistance at parity. The pair is last at 0.9810.
Posted by Admin
Sunday, May 27, 2012
ASIA OUTLOOK : Regional stock markets may rise amid mixed cues Monday despite a modestly lower close on Wall Street Friday after reports of financing difficulties in Spain fueled worries of an expanding euro-zone crisis, outweighing a better than expected reading on U.S. consumer confidence. Despite worries over the situation in Spain a report in state-run Shanghai Securities News over the weekend that China's foreign trade in the first half of May showed signs of improvement and reports of political progress in Greece could lift the market mood. In FX markets the EUR is higher against the USD in early Asian trading after polls over the weekend showed that Greece's conservatives have swung into first place ahead of next month's elections. The EUR/USD is at 1.2579 from 1.2516 late Friday in New York, the EUR/JPY is at 100.08 from 99.75, and the USD/JPY is at 79.56 from 79.68. On the data slate there's the BOJ's April policy meeting minutes at 2350 GMT, Thailand's April industrial production at 0700 GMT and Taiwan's April business indicators at 0800 GMT. Markets in South Korea and the U.S. are shut for holidays.