Welcome, Guest
Please Login or Register.    Lost Password?

Currency Strategy - 05/05/2010
(1 viewing) (1) Guest
Go to bottomPage: 1
TOPIC: Currency Strategy - 05/05/2010
#238
Currency Strategy - 05/05/2010 4 Months, 1 Week ago Karma: 0
* USDCHF
High for the moment to 1.1075, it have to be broken for a test of 1.1100, 1.1158 and 1.1266. Be careful though, of the step angle which have no real return, it exposes the pair to a sharp correction. The supports are 1.1028 and 1.0979 before 1.0944.

Resistances: 1.1075-1.1100 / 1.1158 / 1.1266
Supports: 1.1028 / 1.0979 / 1.0944 / 1.0900
Strategy: Go long @ 1.1028, SL 1.1075, TP 1.0980, 1.0935

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

* EURCHF
The pair remains subject to a new down-trend phase. Monitor 1.4315-21 and 1.4291 which seeks to break at 1.4144 or lower. On the top, 1.4367 have to be broken in order to relieve the pressure and go test 1.4387-95 and 1.4466 thereafter.

Resistances: 1.4367 / 1.4387-95 / 1.4466
Supports: 1.4315-21 /1.4291 / 1.4246 / 1.4144

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

* EURUSD

The trend remains downward, but the speed of this movement without any correction is disturbing. Watch 1.2936 on low which seeks to break 1.2885 and 1.2708. On the top, 1.2991 and 1.3048 habe to be resumed for a return to 1.3154.

Resistances: 1.3215 / 1.3253 / 1.3365 / 1.3417
Supports: 1.3154 / 1.3114 / 1.3090 / 1.3000
Strategy: Go short @ 1.2991, SL 1.2936, TP 1.3100.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

* EURJPY
Low at 122.51 have to be broken in order to continue the down-trend but careful here as an upward correction could take place. Under, the supports 122.51, 121.41 and 121.05 have to be monitored before 119.66. On the top, 123.17-33 and 123.64 have to be resumed for a test on 124.00 et 124.42.

Resistances: 123.17-33 / 123.64 / 124.00-42
Supports: 122.51 / 121.41 / 121.05 /119.66
Strategy: Go short @ 123.17, SL 122.50, TP 124.00, 124.30

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

* USDJPY
The currency pair seems to be oriented upward. Watch on the break of 95.00 and 95.30 for a test of 96.20 and 97.79. On
down, 94.15-31 is the support area to watch out before 93.84 and 93.41

Resistances: 95.00-30 / 96.20 / 97.79
Supports: 94.15-31 / 93.84 / 93.51 / 92.59-74

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

* GBPUSD
The pair remain under pressure but could see a bullish correction phase. Monitor the break of 1.5090 in order to test 1.5043, 1.4955 and 1.4798. On the top, 1.5188 and 1.5212 have to be watched for a return to upward on 1.5283, 1.5345 and 1.5390

Resistances: 1.5188 / 1.5212 / 1.5283 / 1.5345
Supports: 1.5090 / 1.5043 / 1.4955 / 1.4798
Strategy: go Short @ 1.5155, TP 1.5225 and 1.5249, SL 1.5105

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Forex_Master
Senior Boarder
Posts: 61
graph
User Offline Click here to see the profile of this user
The administrator has disabled public write access.
 
Go to topPage: 1