EUR/USD Weekly Technical Report
Back to the weekly studies where the pair continues showing signs of weakness!
Monday June 4 , 2012 04:30 GMT
GBP/USD Weekly Technical Report
The pair has approached our short term detected technical objective of 1.5230
Monday June 4 , 2012 04:37 GMT
USD/JPY Weekly Technical Report
After moving sharply downwards, the pair has bounced quickly on Friday to close above 76.4% Fibonacci retracement
Monday June 4 , 2012 04:45 GMT
USD/CHF Weekly Technical Report
The Fibonacci level of 61.8% of the CD leg of the pattern resides at 0.9950 which represent the main technical objective for the time being
Monday June 4 , 2012 04:53 GMT
NZD/USD Weekly Technical Report
This area among 0.7365-0.7460 is expected to halt further decline within the upcoming short period, where only a break below 0.7365 could signal a major alarm and a stronger longer term bear market. Stochastic is showing positive signs supporting the idea of an upside pullback this week
Monday June 4 , 2012 06:05 GMT
AUD/USD Weekly Technical Report
Price has printed a bullish hammer at this level as shown on the daily chart above, meanwhile Stochastic and RSI are providing strong oversold signals and bullish divergences. Accordingly, we expect a bullish rebound this week, but
Monday June 4 , 2012 05:56 GMT
USD/CAD Weekly Technical Report
There is a key technical resistance just above this correctional level at 1.0523, meanwhile price has gone extensively overbought as seen on Stochastic , where it's providing a clear bearish divergence as well; hinting price exhaustion. Having said that, a downside correction this week is likely, but requires
Monday June 4 , 2012 05:41 GMT
Gold Weekly Technical Analysis
The metal is currently above the second target of the deep crab harmonic pattern at 1616.00
Monday June 4 , 2012 05:24 GMT
Silver Weekly Technical Report
Silver is stable above the main resistance of the downside movement, but at the same time, the metal is still trading below 78.6% Fibonacci correction
Monday June 4 , 2012 05:32 GMT
WTI Crude Oil Weekly Technical Report
A break below a Fibonacci correctional level usually leads to the next level, which is in our case the 88.6% level at 79.00. Thus, we expect bearishness to continue this week
Monday June 4 , 2012 06:13 GMT
EUR/GBP Weekly Technical Analysis
The pair is approaching the neckline of the suggested double top pattern shown above at 0.8100
Monday June 4 , 2012 05:50 GMT
EUR/JPY Weekly Technical Analysis
The pair is stable below 97.00, which supports the suggested bearish scenario to remain valid, supported by SMA 50
Monday June 4 , 2012 05:45 GMT
GBP/JPY WeeklyTechnical Report
The pair is still stable within the main descending channel that is protected by SMA 50. Therefore, we suggest that the downside movement will extend this week
Monday June 4 , 2012 05:40 GMT
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