Technical Report

Monday July 16 , 2012 12:35 GMT

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Latest technical updates

• EUR/USD Midday Technical Report

  The pair has showed bearish tendencies during the previous session

  Monday July 16 , 2012 10:33 GMT

• GBP/USD Midday Technical Report

  The pair remains trapped between the pivotal resistance areas of 1.5580 and the key support zones of 23.6% Fibonacci

  Monday July 16 , 2012 10:42 GMT

• USD/JPY Midday Technical Report

  The pair has been trapped within a very tight range

  Monday July 16 , 2012 10:49 GMT

• NZD/USD Midday Technical Report

  The pair is attempting to return within the descending channel but still did not provide confirmations at the time the pair managed to cover the opening gap

  Monday July 16 , 2012 11:30 GMT

• USD/CHF Midday Technical Report

  We hold onto our weekly expectations supported by the breach of the main support of the technical formation that is close to a Rising Wedge.

  Monday July 16 , 2012 11:29 GMT

• AUD/USD Midday Technical Report

  We hold onto our weekly expectations awaiting the pair to reach 1.0155 areas to test the strength to this level

  Monday July 16 , 2012 11:28 GMT

• USD/CAD Midday Technical Report

  Stochastic is still trading with an upside bias that supports our positive expectations

  Monday July 16 , 2012 11:26 GMT

• Silver Midday Technical Report

  Failure to reach those resistance levels suggests a another downside attempt towards 26.00 major support

  Monday July 16 , 2012 11:10 GMT

• Gold Midday Technical Report

  We prefer to continue monitoring price action as the trading range is getting narrower

  Monday July 16 , 2012 11:04 GMT

• WTI Crude Oil Midday Technical Report

  The possibility of forming an inverted head and shoulders pattern is still valid, supporting our suggested weekly scenario

  Monday July 16 , 2012 11:17 GMT

• EUR/GBP Midday Technical Report

  The pair is approaching areas of 0.7820 gradually where the pair might form the bullish Butterfly Pattern.

  Monday July 16 , 2012 11:54 GMT

• EUR/JPY Midday Technical Report

  The pair is currently trading around the critical areas mentioned in the weekly report around 96.25

  Monday July 16 , 2012 11:47 GMT

• GBP/JPY Midday Technical Report

  The pair is attempting to stabilize below 122.89 which is the previous low shown on the chart.

  Monday July 16 , 2012 11:42 GMT

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