Technical Report

Thursday August 23 , 2012 07:11 GMT

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Latest technical updates

• NZD/USD Morning Technical Report

  The Linear Regression Indicators are positive and show the possibility for the extension of the upside move

  Thursday August 23 , 2012 06:38 GMT

• AUD/USD Morning Technical Report

  Trading above 1.0400 was confirmed positively and will push accordingly the pair further to the upside.

  Thursday August 23 , 2012 06:32 GMT

• USD/CAD Morning Technical Report

  We might see a new temporary upside attempt to retest the breached ascending support that turned into resistance

  Thursday August 23 , 2012 06:27 GMT

• USD/CHF Morning Technical Report

  We remain neutral now and wait for more confirmations after the pair reached the first extended target of the Butterfly Pattern.

  Thursday August 23 , 2012 06:10 GMT

• USD/JPY Morning Technical Report

  A break below 77.95-76.4%- will actuate bears to keep their short positions.

  Thursday August 23 , 2012 04:34 GMT

• GBP/USD Morning Technical Report

  Stochastic is presently entering overbought zones and thus risk versus reward ratio becomes high for long traders.

  Thursday August 23 , 2012 04:32 GMT

• EUR/USD Morning Technical Report

  Stochastic is currently entering overbought territories

  Thursday August 23 , 2012 04:29 GMT

• Silver Morning Technical Report

  Silver approached to the main descending trend line and the 200-days SMA around 30.50,

  Thursday August 23 , 2012 05:35 GMT

• Gold Morning Technical Report

  The momentum is strongly bullish, as seen on RSI momentum indicator, however, being careful at the current levels is necessary, as we haven't seen stability above the descending trend line yet, it's just an intraday penetration.

  Thursday August 23 , 2012 05:24 GMT

• EUR/GBP Morning Technical Report

  Consolidating above 0.7880 further supports the upside potential over intraday basis.

  Thursday August 23 , 2012 07:05 GMT

• EUR/JPY Morning Technical Report

  We prefer to stay neutral for now as the risk to reward ratio is inappropriate

  Thursday August 23 , 2012 06:59 GMT

• GBP/JPY Morning Technical Report

  Since the pair remains below those levels we remain neutral over intraday basis although the general upside bias remains intact

  Thursday August 23 , 2012 06:51 GMT

• WTI Crude Oil Morning Technical Report

  Oil managed to surpass 97.70 level, to trade above 98.00 now, while the 50-EMA continues to support price.

  Thursday August 23 , 2012 05:41 GMT

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