Kumaresan Selvaraj pillai


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Wednesday, June 20, 2012

Technical Report

Thursday June 21 , 2012 06:19 GMT
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Latest technical updates
  • NZD/USD Morning Technical Report

    We prefer to remain neutral today and see if the pair will stabilize above the second target of the harmonic pattern at 0.7990 or it will return to the downside once again.

    Thursday June 21 , 2012 06:07 GMT

  • USD/JPY Morning Technical Report

    After breaking the main descending resistance of the whole bearish wave, the pair has retested the breached resistance and the 200-days SMA before resuming the potential breakout, suggesting we may be ahead of a bullish trend.

    Thursday June 21 , 2012 06:06 GMT

  • AUD/USD Morning Technical Report

    We prefer to stay aside to see how the pair will trade around the mentioned support areas until it unloads the negativity on RSI.

    Thursday June 21 , 2012 06:03 GMT

  • USD/CAD Morning Technical Report

    We will remain neutral for now to see trading around 1.0200 and 1.0290 areas mentioned.

    Thursday June 21 , 2012 05:59 GMT

  • USD/CHF Morning Technical Report

    The pair is now stable above the Linear Regression Indicators and we can see a new attempt to the upside today

    Thursday June 21 , 2012 05:54 GMT

  • GBP/USD Morning Technical Report

    The pair has formed a major spinning top candle stick pattern at the 200-days SMA and the 1.5765 horziontal resistance, Thus we look for another downside attempt

    Thursday June 21 , 2012 05:52 GMT

  • EUR/USD Morning Technical Report

    Price is forming higher highs and higher lows, the ability to hold above this level suggests the correction could extend a little bit further towards the 50-days Simple Moving Average at

    Thursday June 21 , 2012 05:44 GMT

  • Silver Morning Technical Report

    The support of the ascending triangle failed to hold, and that lead to a retest of the main ascending support shown on image.we may see a retest of the breached triangle pattern, Thus we look for an upside rebound today.

    Thursday June 21 , 2012 05:32 GMT

  • Gold Morning Technical Report

    This area around 1600.00 is the 50% Fibonacci correctional level followed by the support of the main ascending channel shown on image, thus the bullish scenario we suggested previously remains valid for today,

    Thursday June 21 , 2012 05:22 GMT

  • WTI Crude Oil Morning Technical Report

    The price fell sharply yesterday, to reach our awaited targets for yesterday and approach 80.00 psychological level, price may need to rebound slightly due to the positivity seen on momentum indicators, before resuming the intraday bearish direction

    Thursday June 21 , 2012 06:13 GMT

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