Technical Analysis: AUD/USD
February 22, 2012 - 09:54
The pair dropped to 1.0600. Breaking below this level would accelerate corrective declines ahead of the 200-Day SMA by 1.0400. However, should the pair hold above 1.0600, we could see a rebound back towards the nearest 1.0840 resistance, with a break above to confirm the upside rally towards the 1.1080 high.
Edward Smith, technical analyst of company Admiral Markets.
At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other...
Technical Analysis: USD/JPY
February 22, 2012 - 09:53
The pair is trying to break the 80.00 level. However, daily studies are still strongly overbought, suggesting that corrective pullbacks should be expected from current levels back towards the 200-Day SMA by 78.00, with a break below to confirm declines towards the 77.35-77.45 support area, right where both the 100-Day SMA and the 50-Day SMA reside. Meanwhile, a bullish reversal from 78.00 would aim the pair for testing the 85.50 resistance in a medium-term.
Edward Smith, technical analyst of company Admiral...
Technical Analysis: GBP/USD
February 22, 2012 - 09:52
The pair dropped below 1.5800. Now the short-term risks are mixed, and from current levels we could either see additional setbacks towards the 100-Day SMA by 1.5690, the 50-Day SMA by 1.5620 and the 1.5500 support or a rebound back towards the 200-Day SMA by 1.5910. A break and consolidation above the 200-Day SMA would allow testing the key 1.6165 resistance. Breaking below the 1.5500 support would aim the pair for testing the 1.5230 low.
Edward Smith, technical analyst of company Admiral Markets.
...
Technical Analysis: EUR/USD
February 22, 2012 - 09:51
The pair is consolidating below the 100-Day SMA by 1.3300. A clear break and consolidation above this level would extend gains towards the 200-Day SMA by 1.3740 in a medium-term. However, while the pair trades below the 100-Day SMA, we see the risks of a setback towards the 50-Day SMA by 1.3000, with a break and consolidation below to accelerate declines towards the 1.2875-1.2930 support area or the 1.2625 low.
Edward Smith, technical analyst of company Admiral Markets.
At any use of the analytical...
Technical Analysis: AUD/USD
February 21, 2012 - 09:29
The pair is still trading within the same range below 1.0800, so the risks are mixed, and in a short-term we could either see a retest the nearest 1.0840 resistance or a setback towards 1.0600. Breaking below 1.0600 would accelerate corrective declines ahead of the 200-Day SMA by 1.0400. A clear break above the 1.0840 resistance would confirm the upside rally towards the 1.1080 high.
Edward Smith, technical analyst of company Admiral Markets.
At any use of the analytical material taken from a site of company...