Thursday, April 23, 2009

KBC Bank. Technical analysis on the major currency pairs



KBC Bank - Technical Analysis
EUR/USD (1.3032) The drop below 1.3581 led to a further easing to 1.3113 (the neck line triple tops). Field Support 1.2976 / 1.2966 (short-term moving average in the afternoon schedule / hour break), followed by 1.2888/85 levels (peak Bollindzhera band in the afternoon schedule + ground cover in the afternoon schedule / current one-week minimum), followed by consolidation. Otherwise, it may move towards 1.2835 (the first objective of 1.3113). This level will be difficult to pass at the first attempt, against the backdrop of pereprodannosti. Resistance takes place in the area of 1.3036 / .3050 (yesterday + maximum peak envelope in the afternoon schedule / maximum reaction time), followed by the level of 1.3086 (23.6% 1.3739 to 1.2885), further consolidation is possible. Otherwise, perhaps the movement towards 1.3136 - medium-term moving average in the afternoon schedule, then 1.3205 / .3211 (long-term moving average of Perforation on the afternoon schedule / 38.2% 1.3739 to 1.2885): if the couple will be able to resist higher, possibly rehabilitation.
USD/JPY (98.30)
The pair fell below the grounds of the annual minima of the channel, which now runs daily schedules in 99.45. The first resistance at 98.45 (long-term moving average in the afternoon schedule → + peak envelope full time schedule), followed by the levels of 99.15 / 99.21 (center line stripe on the afternoon schedule Bollindzhera / medium-term Moving Average ↓), with subsequent consolidation. Otherwise, perhaps the movement to 99.40 (the current maximum of one week), followed by 99.85 (a breakthrough in the afternoon schedule), and 100.10 (50-week moving average). This level will be difficult to pass at the first attempt. The first area of support is taking place at 97.57 (the current one-week minimum), followed by the levels of 97.17 (ground cover in the afternoon schedule + The second objective of 99.31), 97.09 (base band Bollindzhera in the afternoon schedule), followed by consolidation. Otherwise, perhaps the movement towards 96.80 (long-term moving average of Perforation on a weekly schedule). This level will be difficult to pass at the first attempt.
EUR/GBP (0.8948)
After a strong fall-back to the level of 0.8787, the couple returned to the formation of the flag is 0.9490 and is now holding above the 0.8916 (basis double bottom). The first area of support at 0.8963 (reaction time at least), followed by levels of 0.8935/0.8930 (time break / ground cover in the afternoon schedule) and 0.8901 (short-term moving average in the afternoon schedule), followed by consolidation. Otherwise, it may move towards 0.8862 (time break) This level will be difficult to pass at the first attempt. The first area of resistance at 0.8988 (current reaction maximum of 0.8787), followed by the levels at 0.9012 / 0.9023 (mid-band Bollindzhera on the afternoon schedule / maximum reaction time), followed by consolidation. Otherwise, perhaps the movement towards 0.9045/0.9052 (second goal of 0.8916 + peak envelope in the afternoon grafike/38.2% 0.9490 to 0.8787), followed by consolidation. This level will be difficult to pass at the first attempt.
EUR/JPY (128.11)
Candle "dozhi" at the new maximum recovery triggered a sharp correction as a result of testing a pair of base channels from 113.09 at the afternoon schedule (currently at 127.11) and 126.40 (a double line neck tops). The first area of resistance 127.74 (maximum reaction time), followed by 128.12 (the current maximum of the reaction of the envelope peak of 126.10 + full time schedule) 128.77/84 (23.6% 137.43 to 126.10 / reaction time maximum). This level will be difficult to pass at the first attempt. Otherwise, perhaps the movement to levels of 129.53 / .72 (current weekly maximum / hour maximum reaction) followed by 130.04 / 130.37 (long-term moving average of Perforation on the afternoon schedule → / medium-term moving average in the afternoon schedule ↓), with subsequent consolidation. The first area of support at 126.81 (now the potential minimum), followed by the levels of 126.10 (the current minimum, the reaction of 137.43) and 125.80 / .58 (base band Bollindzhera on the afternoon schedule / ground cover in the afternoon schedule), followed by consolidation.

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