ANALIZA TEHNICA FOREX mai 11, 2010
Posted by cuvintelibere in Uncategorized.trackback
May 11, 2010
Current level – 1.2964
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.
As expected, the pair reversed below 1.3115 resistance area and a downtrend followed, reaching a temporary low at 1.2678. The intraday bias continues to be negative for 1.2610, where a reversal should be expected, for one more upswing towards 1.31+. Important level for today is 1.2801, as it guards the negative bias and will give a confirmation on the expected reversal.
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May 11, 2010
USD/JPY
Current level – 92.50
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated above the 50- and 200-day SMA, currently projected at 92.15 and 91.32.
As expected, yesterday’s tests in the 93.35-50 resistance are failed and the pair is in a minor downtrend towards the lower boundary of the 90.83-93.35 range. The intraday bias is negative with an initial resistance at 92.85 and crucial level at 93.25. First support on the downside is 91.80, followed by 90.83.
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May 11, 2010
GBP/USD
Current level – 1.4820
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.5190 and 1.5986.
The expected reversal took place few pips above 1.5020, at 1.5053 and the slide that followed reached the support area around 1.4750. Although the current bias is still negative, we favor a reversal around 1.4750 to initiate an uptrend for a tight test in the 1.5100-5120 zone. Important on the upside is 1.4871.
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