Forex weekly update

redboy

If you want to look at all charts please go to here
http://www.hutong9.net/home.php? ... o=blog&id=37798

  USD/CAD MT: bullish bias above 1.        
Pivot: 1.0000
Our Preference: LONG position above 1.0000 with 1.0480 & 1.0685 in sight.
Alternative Scenario: Below 1.0000 look for further decline to 0.9735.



   AUD/USD MT: under pressure.           
Pivot: 1.0385
Our Preference: SHORT position below 1.0385 with 0.9385 & 0.8965 in sight.
Alternative Scenario: Above 1.0385 up move to 1.0725.



   EUR/USD MT: under pressure.           
Pivot: 1.4200
Our Preference: SHORT position below 1.42 with 1.3150 & 1.2965 in sight.
Alternative Scenario: Above 1.42 up move to 1.4535 & 1.493.



   GBP/USD MT: key ST resistance at 1.61.           
Pivot: 1.6100
Our preference: SHORT position below 1.61 with targets at 1.53 or even 1.5150.
Alternative scenario: A break above 1.61 would call for further recovery to 1.6275.



   EUR/JPY MT: under pressure.           
Pivot: 108.00
Our Preference: SHORT position below 108 with 100.75 & 96 in sight.
Alternative Scenario: Above 108 up move to 113.5 & 118.



   USD/JPY MT: the downside prevails.           
Pivot: 79.50
Our Preference: SHORT position below 79.5 with 75.5 & 73.75 in sight.
Alternative Scenario: Above 79.5 up move to 81.6 & 84.

NYQ

  

abaqus