Technical Report

Wednesday July 18 , 2012 06:49 GMT

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Latest technical updates

• EUR/USD Morning Technical Report

  The pair has bounced off 1.2190 zones yesterday affected by the previous discussed bullish harmonic pattern

  Wednesday July 18 , 2012 04:46 GMT

• GBP/USD Morning Technical Report

  Cable succeeded in drawing a long lower shadow yesterday

  Wednesday July 18 , 2012 04:48 GMT

• USD/JPY Morning Technical Report

  With a new daily closing below of 61.8% Fibonacci level, the pair proved the bearish tendency

  Wednesday July 18 , 2012 04:51 GMT

• USD/CHF Morning Technical Report

  The possibility for the pair to extend the downside move remains valid to test the first target of the pattern

  Wednesday July 18 , 2012 05:59 GMT

• USD/CAD Morning Technical Report

  The chance for an upside correctional move remains valid and its extension depends on 1.0200 areas

  Wednesday July 18 , 2012 06:11 GMT

• AUD/USD Morning Technical Report

  The risk to reward ratio is very high now and we prefer to remain neutral today and see if the pair will reach the second target

  Wednesday July 18 , 2012 06:17 GMT

• NZD/USD Morning Technical Report

  We remain neutral for now and wait for the confirmation in the coming session

  Wednesday July 18 , 2012 06:22 GMT

• Silver Morning Technical Report

  We expect further downside pressure on silver today, where only a break above 28.00 could signal a bullish directional move.

  Wednesday July 18 , 2012 05:24 GMT

• Gold Morning Technical Report

  Gold is trading at the middle of the symmetrical triangle consolidation pattern

  Wednesday July 18 , 2012 05:15 GMT

• WTI Crude Oil Morning Technical Report

  Trading above 86.95 keeps the bullish bias intact, supported by the bullish the IH&S pattern, and the nearest target resides at 91.85

  Wednesday July 18 , 2012 05:31 GMT

• EUR/GBP Morning Technical Report

  Trading above those levels might trigger the upside correction and the formation of the pattern mentioned

  Wednesday July 18 , 2012 06:43 GMT

• EUR/JPY Morning Technical Report

  Possibility of forming a bullish harmonic Bat Pattern and that supports the return of the upside wave

  Wednesday July 18 , 2012 06:38 GMT

• GBP/JPY Morning Technical Report

  The pair exited the downside channel and that supports further upside movement after the downside correction

  Wednesday July 18 , 2012 06:33 GMT

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