Forex technical analysis

EUR-USD => While support at 1.4690 holds, we should see a move up to 1.4760. Stop Loss is placed slightly below 1.4570.

GBP-USD => 1.9330 - 1.9390 should mark the end of a fall starting an up move to 1.9460 or even 1.9495. Breaking below 1.9290 cancels those expectations.

USD-CHF => Targeting 1.1035 or higher. Support at 1.0985 - 1.0965 should hold all pullbacks.

USD-JPY => Targeting 108.50. Supports are at 107.80 and 108.00. Breaking below 107.60 calls sellers into action.

EUR-JPY => Support at 158.70 and 158.40 should hold all pullbacks allowing yet another rise to 159.20 - 159.70. Falling below 158.10 sets it to bearish mode.

EUR-CHF => Targeting 1.6210 and higher. All corrections will be supported at 1.6150 - 1.6135 area.

AUD-USD => Further dips to 0.9125 or even 0.9070 are expected. Resistance at 0.9225 should hold all upward attempts. Breaking above 0.9250 is in favor of buyers.

USD-CAD => Expecting a recovery at least to 1.0165. Support levels are at 1.0120 and 1.0090.

GBP-JPY => Retails sales news this morning propel the pair higher. However, on the long picture we are still in sideways mode.

Good Forex day!

This entry was posted on Thursday, February 21st, 2008 at 8:26 am and is filed under Daily market comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.