Intraday EUR/USD: The euro is trying to recover some of Monday’s losses, and nears $1.4430 minor resistance, the Sept. 8 high. Above this lurks resistance at $1.4482, the Sept. 15 high, and at $1.4543, the Sept. 18 high. Minor support comes in around $1.4278, the Sept. 18 low.
Intraday USD/JPY: The dollar is bouncing off Y103.50 minor support, and nears Y104.80 minor resistance. Above this resistance can be seen at Y105.15, and at Y105.53. Minor support below Y103.50 is found around Y103.20.
Weekly chart USD/JPY trend: Bearish.
Intraday GBP/USD: Sterling is regaining some of its recent losses and probes $1.8124, the Sept. 15 high. Above this sits resistance at $1.8206, the 38.2% Fibonacci retracement of September’s advance. Support is found at $1.8061, the 50% Fibonacci retracement, around $1.7989, Tuesday’s intraday low, and at $1.7917, the 61.8% Fibonacci retracement.
Weekly chart GBP/USD trend: Bearish.
Intraday USD/CHF: The dollar might retest CHF1.0992 minor resistance, the Sept. 17 low, a move above which has CHF1.1021 minor resistance in focus. For this to happen, minor support around CHF1.0941 needs to hold, however. If not, a slip to CHF1.0920, Wednesday’s high, and the CHF1.09 region may ensue instead.
Weekly chart USD/CHF trend: Capped.
Forex Technicals - Chart Levels 30-09-08
| ?Forex spot: | EUR/USD | USD/JPY | GBP/USD | USD/CHF |
|---|---|---|---|---|
| Spot 0730 GMT | 1.4397 | 104.64 | 1.8102 | 1.0958 |
| 3 Day Trend | Bearish | Bearish | Bearish | Bouncing |
| Weekly Trend | Bearish | Bearish | Bearish | Capped |
| 200 day ma | 1.5211 | 106.01 | 1.9487 | 1.0595 |
| 3rd Resistance | 1.4543 | 105.53 | 1.8250 | 1.1050 |
| 2nd Resistance | 1.4482 | 105.15 | 1.8206 | 1.1021 |
| 1st Resistance | 1.4430 | 104.80 | 1.8124 | 1.0992 |
| Pivot* | 1.4391 | 104.27 | 1.8068 | 1.0941 |
| 1st Support | 1.4278 | 103.50 | 1.8061 | 1.0941 |
| 2nd Support | 1.4152 | 103.20 | 1.7989 | 1.0920 |
| 3rd Support | 1.4080 | 102.89 | 1.7917 | 1.0900 |
* The pivot is the sum of the high, low and close divided by 3.
Intraday EUR/GBP: The euro is in recovery mode and eyes GBP0.7968 minor resistance, a move above which has GBP0.7987 resistance in sight. Minor support is found around GBP0.7949, and at GBP0.7939.
Weekly chart EUR/GBP trend: Capped.
Intraday EUR/JPY: The euro is staging a minor comeback off Tuesday morning’s Y148.84 low, and eyes the Y150.80 minor resistance area. Above this resistance can be seen at Y151.98, with support floating around Y150.
Weekly chart EUR/JPY trend: Bearish.
Intraday EUR/CHF: The euro tests CHF1.5773 minor support, the Sept. 18 low, a slide through which has CHF1.5750, the Sept. 16 low, in focus. Minor resistance stands at CHF1.5840, the Sept. 11 low, and around CHF1.5905, Thursday’s low.
Weekly chart EUR/CHF trend: Bearish.
Intraday AUD/USD: The Australian dollar nears US$0.8093 minor resistance, the Sept. 18 high, a move above which targets US$0.8128, the Sept. 10 peak. Minor support is found around US$0.7948, Tuesday’s intraday low, and at US$0.7903, the Sept. 11 low.
Weekly chart AUD/USD trend: Bearish.
Forex Technicals No.2 - Chart Levels 30-09-08
| ?Forex spot: | EUR/GBP | EUR/JPY | EUR/CHF | AUD/USD |
|---|---|---|---|---|
| Spot 0730 GMT | 0.7958 | 150.62 | 1.5778 | 0.8063 |
| 3 Day Trend | Bouncing | Bearish | Bearish | Bearish |
| Weekly Trend | Capped | Bearish | Bearish | Bearish |
| 200 day ma | 0.7810 | 161.14 | 1.6091 | 0.9121 |
| 3rd Resistance | 0.7998 | 152.90 | 1.5975 | 0.8174 |
| 2nd Resistance | 0.7987 | 151.98 | 1.5905 | 0.8128 |
| 1st Resistance | 0.7968 | 150.80 | 1.5840 | 0.8093 |
| Pivot* | 0.7970 | 150.07 | 1.5749 | 0.8027 |
| 1st Support | 0.7949 | 150.00 | 1.5773 | 0.7948 |
| 2nd Support | 0.7939 | 148.84 | 1.5750 | 0.7903 |
| 3rd Support | 0.7912 | 147.50 | 1.5702 | 0.7854 |
* The pivot is the sum of the high, low and close divided by 3.
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April 18th, 2009 at 3:40 pm
ur blog is great.. any detail info