Currency Technical Analysis

By Fx GreeceJun 16, 2008 08:00PM ET

www.investing.com/analysis/technical/currency-technical-analysis-7774

Currency Technical Analysis

By Fx Greece | Jun 16, 2008 08:00PM ET

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EUR/USD

Resistance
: 1,5530/ 1,5560-70/ 1,5610-15/ 1,5640
Support : 1,1,5440/ 1,5410/ 1,5360-70/ 1,5340/ 1,5300

Comment : The base of the formation that was tested last week, met buyers and yesterday we saw a retracement above the first resistance levels of the downtrend.
Our cautiousness, regarding the resumption of the decline as we reached the ranges of the consolidation, was justified. We should now see if the acceleration is an upward wave that will reach the upper part of the formation (1.5800-50) or it is another retracement.

First important resistance is found at 1.5570-90, at the 50% retracement of the decline (1,5843-1,5302) and bears are likely to make their appearance in terms of liquidation or with clear sell positions.
A move above 1.5600 will have as next target the area of 1.5700 or even 1.5800- as an upward move within the triangle will be formed– with interim resistance at 1.5640.
Support emerges at 1.5490-00 and 1.5440-50 , at the ranges of the short term uptrend, that was formed after 1.5300 lows. Next support is found at 1.5400 and 1.5350, heading to new lows...

Consequently, the technical outlook and the reversal signs from the lower part of the wider sideways consolidation, indicates that the move will be continued within its ranges for the mid-term.A break of 1.5580-00 will show that if the volatility remains high, the move may continue to 1.5800 area or even higher...

TRADING EUR/USD : The short-term trend has turned bullish. Buy opportunities will emerge at any retracement towards 1.5440-60 and 1.5410 area, with stops below 1.5380. Our target will be at 1.5600.
A move towards 1.5470-90 area, without any correction first, will allow us to try small sell positions with target at 1.5510-20 area.

GBP/USD

Resistance : 1,9680-00/ 1,9740-60/ 1,9800-10/ 1,9830-40
Support : 1,9640/ 1,9600/ 1,9580/ 1,9540-50/ 1,9510

Comment : Similar picture regarding the pound, as we saw a retracement from the lower part of the consolidation. First important targets and resistance are being tested (1,9670-00), levels where bears are likely to make their appearance. The move is not likely to breach 1.9730-50 resistance level without any retracement first.
The area of 1,9580-00 is the first important support, followed by the area of 1,9490-9510.

TRADING GBP/USD : We will follow the new uptrend as well, trying buy positions at the area of 1,9580-00 and 1,9540-50. Sell positions will emerge at 1,9740-60 (stops above 1,9785) and at the area of 1,9830-50 (stops above 1,9880).

USD/JPY

USD/CHF

Technical analysis-Comments
G. Antonakos
Head of Analysis Dept.

Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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Central Banks

Interest Rates

Next Meeting

FED

4.00%

Oct 28, 2026

ECB

2.65%

Oct 29, 2026

BOE

3.75%

Oct 29, 2026

SNB

0.00%

Dec 10, 2026

RBA

4.60%

Nov 03, 2026

BOC

2.25%

Oct 28, 2026

RBNZ

2.75%

Oct 28, 2026

BOJ

1.25%

Oct 30, 2026

CBR

14.00%

Oct 23, 2026

RBI

5.50%

Dec 04, 2026

PBOC

3.00%

Oct 20, 2026

BCB

13.75%

Nov 03, 2026

US 30	51,733.0	+501.3	+0.98%
US 500	7,816.5	+51.0	+0.66%
Dow Jones	51,731.83	+500.19	+0.98%
S&P 500	7,817.01	+51.65	+0.67%
Nasdaq	27,382.09	+188.75	+0.69%
S&P 500 VIX	14.87	-0.54	-3.50%
Dollar Index	102.000	+0.070	+0.07%

Crude Oil WTI	90.92	-0.93	-1.01%
Brent Oil	103.65	-0.63	-0.60%
Natural Gas	3.206	-0.014	-0.43%
Gold	4,224.07	+7.77	+0.18%
Silver	61.225	+0.175	+0.29%
Copper	6.7138	+0.0238	+0.36%
US Soybeans	1,292.25	+4.75	+0.37%

U.S. 10Y	5.242	+0.013	+0.25%
U.S. 30Y	5.593	-0.014	-0.25%
U.S. 5Y	5.018	+0.027	+0.54%
U.S. 3M	4.165	+0.014	+0.34%
US 10Y T-Note	104.55	-0.17	-0.16%
Euro Bund	121.10	+0.26	+0.22%
10-2 Yield Spread	31.32	+4.15	+15.27%

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Alphabet A	351.33	+3.04	+0.87%
Tesla	384.47	+9.47	+2.53%
Amazon.com	261.41	+7.35	+2.89%
Netflix	70.46	-1.12	-1.56%
Meta Platforms	718.52	-2.37	-0.33%

Currency Technical Analysis

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