Thursday, May 7, 2009

KBC Bank. Technical analysis on the major currency pairs


KBC Bank - Technical Analysis
EUR/USD (1.3313)
The pair returned to levels above the downward trend from 1.3739 in the daytime schedules (1.3277). Support takes place in the area of 1.3277, followed by the levels of 1.3242 (reaction time + minimum ground cover for full-time schedule) and 1.3209 / .3197 (current week minimum + holes short-term and long-term moving averages on a weekly schedule / medium-term moving average in the afternoon schedule) with the subsequent consolidation. Resistance stands at 1.3356 / .3374 (reaction time peaks), followed by 1.3410 (peak envelope full time schedule), then 1.3439 (current week maximum), 1.3450 / .3460 (weekly envelope peak of the graph / vertex Bollindzhera band in the afternoon schedule) and 1.3471 (200-day moving average), followed by consolidation.
USD/JPY (99.38)
The fall of 99.58 resulted in a testing пробитой the top of the flag of 101.45. First resistance is taking place in 99.01 / 99.07 (peak envelope in the afternoon schedule / maximum reaction time), followed by the levels of 99.11 / 99.19 (reaction time peaks), 99.56 / 99.58 (the current maximum of one week / maximum of 1 May) and 99.74 / .85 (maximum of 17 April / day break). This level will be difficult to pass at the first attempt. Otherwise, it might move towards 100.61 / .72 (peak envelope on a weekly schedule / maximum of 13 April) and 101.22 (пробитое foundation flag of the annual minimum for full-time schedule), followed by consolidation. The first area of support is taking place at 98.18 / 98.05 (reaction time minimum / medium-term moving average of Perforation on the afternoon schedule), followed by the levels of 97.95 / 97.89 (the current one-week minimum / base of the envelope in the afternoon schedule). This level will be difficult to pass at the first attempt. Otherwise, perhaps the movement to 97.77 (hour break) and 97.42 (a medium-term moving average on a weekly basis schedule + envelope on a weekly schedule), followed by consolidation.
EUR/GBP (0.8799)
The pair reached a new minimum of the reaction below .8880 to .9490 in the channel (line neck double peaks: the first goal at .8739). The first area of support is taking place at .8776 (potential + current minimum weekly basis projection channel to the afternoon schedule), followed by the level of .8768 / .8758 (1 st wave C of .9490 / base band Bollindzhera full time schedule), followed by consolidation . Otherwise, perhaps the movement towards .8751 (basis of the envelope on a weekly and full-time schedules), and .8739. This level will be difficult to pass at the first attempt. The first resistance is held at .8834 / .8848 (peak envelope in the afternoon schedule / short-term moving average in the afternoon schedule), then at 0.8876 (reaction time maximum), followed by consolidation. Otherwise, perhaps the movement of .8901 / .8907 (break time / mid-term moving average in the afternoon schedule). This level will be difficult to pass at the first attempt.
EUR/JPY (132.30)
Now a pair of lines is kept below a rising trend from 113.09. The first area of resistance is taking place at 131.55 (today's maximum potential), followed by the levels of 131.91 / 132.15 (time breakthrough / peak envelope full time schedule), followed by consolidation. Otherwise, it might move towards 132.41 (maximum reaction time) and 132.61 / 132.86 (200-day moving average / current weekly maximum). This level will be difficult to pass at the first attempt. The first area of support is taking place at 130.87 / .74 (long-term moving average in the afternoon schedule / present at least the potential), followed by the levels of 130.17 (base of the envelope at the full-time schedule) and 129.86 / .42 (current week minimum / medium-term moving average in the afternoon schedule) , followed by consolidation.

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