Daily Technical Analysis – Sample Research
Posted: 3/3/2010 5:14:18 PM
Currency
Pair
Daily
Momentum
4-Hour
Momentum
1-Hour
Momentum
Support
Resistance
Comments
EUR/USD
1.3620
1.3540
1.3500
1.3675
1.3700
1.3750
1344GMT above 21-day sma at
1.3644 puts bias higher, testing
range highs at 1.3675/80,
above may see to 1.3740/50,
below 1.3570 sees lower
GBP/USD
1.5010
1.4970
1.4900
1.5075
1.5130
1.5180
1351GMT possibly stalling
below range highs at
1.5075/80, above may see to
1.5130/40 initially, below
1.5010/20 shifts focus lower
USD/JPY
88.50
88.20
87.90
89.00
89.30
89.60
1356GMT possibly basing
above 88.50, over 89.25/30
may see correction higher to
89.75/80 200-hour sma, below
88.50 sees lower
USD/CHF
1.0700
1.0670
1.0640
1.0750
1.0780
1.0820
1407GMT bias lower while
below 1.0750, below 1.0690/00
may see 1.0640/50, Kijun line is
key daily support at 1.0673
AUD/USD
0.9010
0.8960
0.8915
0.9040
0.9070
0.9130
0925GMT hourly MACD is
pointing lower and break below
21 hr sma at 0.9040 suggested
cap has formed at 0.9070.
Below 0.9010 may see 0.8960
next
USD/CAD
1.0340
1.0300
1.0270
1.0370
1.0440
1.0500
0929GMT sideways but
immediate focus higher while
above 21 hr sma at 1.0340
towards 1.0370 next.
EUR/JPY
120.50
120.00
119.60
121.50
122.00
122.60
1418GMT possible base
forming above 120.00, over
121.50 may see to 200-hour
sma at 122.00 initially, below
119.70/80 may see lower
NZD/USD
0.6930
0.6900
0.6860
0.6960
0.6990
0.7030
0943GMT looks like a
descending triangle on the
hourly charts, break below
0.6930/20 could get
problematic for the longs here
EUR/GBP
0.9050
0.9000
0.8970
0.9100
0.9130
0.9150
1423GMT possibly topping
below 0.9100, upside potential
remains while above 0.9050,
below see correction lower to
0.9000 to start
AUD/JPY
79.90
79.30
78.70
80.30
80.60
80.90
0947GMT 21hr sma by 80.30 is
immediate resistance,
downside bias while below
towards 79.90, above 80.30
has the 200hr lurking near the
80.60
GBP/JPY
133.00
132.50
132.00
134.00
134.50
135.50
1426GMT possibly basing while
above 132.50/60, below tests
132.00 again, over 134.00 may
see recovery higher to
135.40/60 area initially
CAD/JPY
85.50
84.90
84.20
85.80
86.30
87.00
0951GMT sideways but below
21/200 hr smas by 85.80
suggests lower towards 85.50,
weakness below cloud base at
85.28 towards 84.90
- Optimal phase to initiate position with arrow
- Cycle mature, protect profits
- Cycle extreme, t/p, plan for new cycle
- Hold Cycle in direction of arrow
- indicate that momentum is positive and moving higher, usually signs of higher prices ahead
- indicate negative and falling momentum, typically implying lower prices in the future
Disclaimer: The information and opinions in this report are for general information use only and
are not intended as an offer or solicitation with respect to the purchase or sale of any currency.
All opinions and information contained in this report are subject to change without notice. This
report has been prepared without regard to the specific investment objectives, financial situation
and needs of any particular recipient. While the information contained herein was obtained from
sources believed to be reliable, author does not guarantee its accuracy or completeness, nor
does author assume any liability for any direct, indirect or consequential loss that may result
from the reliance by any person upon any such information or opinions.