The U.S. dollar climbed to experience back in the middle of the session yesterday

Technical analysis for 01.12.2009 09.50.AM

EURUSD

The U.S. dollar climbed to experience back in the middle of the session yesterday, but failed to maintain momentum and bottom-up finish the day down, but off the bottom. Dollar reduction in the majority of day traders renewed interest in higher-risk assets based on optimism that the issue of loans to Dubai World, will be allowed. Investors appear to be trying to destroy the dollar lower, which may be an indication that the problems have not been completed.
Today, better than expected data from the Institute for supply management for Business Chicago index may also help to hold the dollar in check.
The increase in consumer prices has helped to strengthen the euro on the night of Dec. 1, but his inability to come up over the recent year high of 1.5145 support a new generation of selling pressure. Basic trend will turn down when the 1.4801 level is broken. The return of risk appetite for pursuing the market, the euro will help to maintain the momentum to pick up. The first support is at 1.4980 and if it passes, we can see a rise to 1.5100-50.

GBPUSD

In December, the British pound was the first couple who fell this morning after the pound failed to retain its earlier gains. Pressure came from a report showing that consumer confidence in the United Kingdom unexpectedly weakened and the general feeling that the British economy will continue to weaken in the short term despite the huge amount of incentives nazpompani the financial system. Of the four graph we can see that after testing trendlinyata of resistance (in blue bivshta support), the signals are descendants of the couple in a short period. More selling pressure could hit the market, if the bottom of the last week of 1.6271 is breached. Watch for a sharp acceleration down if the couple fails to hold above the bottom at 1.6261 and 1.6250. The nearest resistance is 1.6480, whose breakthrough may lead to the upward momentum of trendliniyata retest of 1.6600 in the region.

USDJPY

Dollar / yen rose sharply after an emergency meeting convened by the Japanese central bank, raised speculation about intervention by the Bank. The pair found support before 84.80 increase. Signal formed by the „hammer“ was a valid goal of my 87.50 was reached slightly earlier this morning. Short signals remain upward with this objective in the region of 88.20. In the long term, however, decreasing the basic scenario remains intact. You could say that the 82.50/85 area has proved a strong area of support in the spring / summer 1995. Experience the pair to test this area can be considered as a continuation of downward scenario.

USDCHF

Moving in close Range, the pair remains on a downward time schedule after failing to break above the 1.0070 resistance. The signals are currently neutral, such as trade area is also unclear. Validation clearly above 1.0140 is needed to reject the downstream prospects. The first support is at 1.0030.

* The views expressed in this material does not constitute advice or recommendations to buy or sell. Forecasts cover the expectations expressed by the author of the material and may not be true.

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