GBP/USD MT: the downside prevails
Our preference: Short position below 1.63 with targets at 1.5250 or even 1.4750.
Alternative scenario: A break above 1.63 would call for a further advance to 1.69.
Comment: the pair has broken below its MT rising trend line and should face a further down move.
Trend: ST Ltd Downside; MT Range, we have been bearish since 1 DEC 2010 (1.5614).
Key levels Comment
1.7400 ** Horizontal resistance
1.6900 *** Horizontal resistance
1.6300 *** Pivot point
1.5614 Last
1.5250 *** Horizontal support
1.4750 ** Horizontal support
1.4250 *** Horizontal support
EUR/USD MT: key ST resistance at 1.38
Pivot: 1.3800
Our preference: SHORT below 1.38 towards 1.29 & 1.26.
Alternative scenario: An upside breakout of 1.38 would open the way towards 1.4250.
Comment: the pair has broken below its MT rising trend line and should face a further weakness.
Trend: ST Ltd Downside; MT Range, we have been bearish since 1 DEC 2010 (1.3114).
Key levels Comment
1.4600 *** Horizontal resistance
1.4250 *** Horizontal resistance
1.3800 *** Pivot point
1.3114 Last
1.2900 *** Horizontal support
1.2600 ** Horizontal support
1.2150 ** Horizontal support
EUR/GBP MT: the downside prevails
Pivot: 0.8700
Our Preference: SHORT below 0.87 with targets @ 0.83 & 0.8080.
Alternative Scenario: Above 0.87 aim @ 0.8940.
Comment: the pair has struck against its resistance and should face a further weakness.
Trend: ST Ltd Downside; MT Range, we have been bearish since 1 DEC 2010 (0.8388).
Key levels Comment
0.9080 ** Horizontal resistance
0.8940 *** Horizontal resistance
0.8700 ** Pivot point
0.8388 Last
0.8300 ** Horizontal support
0.8080 *** Horizontal support
0.7850 ** Horizontal support
EUR/CHF MT: the downside prevails
Our Preference: SHORT below 1.35 with 1.30 & 1.2750 in sight.
Alternative Scenario: Above 1.35 look for further advance to 1.3840.
Comment: the pair is on the downside and is challenging its support.
Trend: ST Ltd Downside; MT Range, we have been bearish since 1 DEC 2010 (1.3154).
Key levels Comment
1.4000 ** Horizontal resistance
1.3840 *** Horizontal resistance
1.3500 ** MT pivot point
1.3154 Last
1.3000 *** MT pivot point
1.2750 ** Horizontal support
1.2480 ** Horizontal support
EUR/JPY MT: under pressure
Our Preference: SHORT position below 115.50 with 108.20 & 106 in sight.
Alternative Scenario: Above 115.50 up move to 120 & 125.
Comment: the pair has broken below its support and remains under pressure.
Trend: ST Ltd Downside; MT Range, we have been bearish since 1 DEC 2010 (110.22).
Key levels Comment
125.00 ** Horizontal resistance
120.00 ** Horizontal resistance
115.50 ** MT pivot point
110.22 Last
108.20 ** Horizontal support
106.00 *** Horizontal support
103.00 ** Horizontal support
Bonus => CHIẾN LƯỢC FOREX TRUNG HẠN |