Technical Report

Friday February 22 , 2013 08:39 GMT

Latest technical updates EUR/USD European Session The pair yesterday moved closer to 78.6% correction of CD Leg of the AB=CD bullish harmonic Pattern Friday February 22 , 2013 05:48 GMT GBP/USD European Session The pair is still showing negativity as we see it stable below key support of the descending channel Friday February 22 , 2013 06:07 GMT USD/JPY European Session The pair is trading sideways since it broke the support level of the ascending channel as shown on the graph Friday February 22 , 2013 06:34 GMT USD/CHF European Session The pair moved to the upside and is trading above Linear Regression Indicators Friday February 22 , 2013 06:40 GMT USD/CAD European Session The pair dropped after touching the significant 1.0205 resistance. Meanwhile, positivity is expected to extend Friday February 22 , 2013 06:58 GMT AUD/USD European Session The pair strongly moved to the upside yesterday before reaching 1.0185 or 1.0135 levels Friday February 22 , 2013 07:05 GMT NZD/USD European Session The pair managed to form a positive upside candlestick yesterday benefiting from consolidating on the key support level of the ascending channel. Friday February 22 , 2013 07:11 GMT Gold European Session Update We may see price extend the upside correction towards 1600.00 area Friday February 22 , 2013 06:32 GMT Silver European Session Update We will attempt to benefit from a potential intraday rebound towards 29.60 area. Friday February 22 , 2013 06:43 GMT WTI Crude Oil European Session Update In general, we will maintain our previous bearish view on oil. Friday February 22 , 2013 06:53 GMT EUR/GBP European Session In spite of yesterday's drop, the EUR/GBP pair remains stable above 0.8575; this level is close to the uptrend's key support, the thing that renders the drop a normal correction. Friday February 22 , 2013 07:33 GMT EUR/JPY European Session The EUR/JPY rebounded after touching levels close to 122.15; the uptrend kicked off from the downside correction's support Friday February 22 , 2013 07:23 GMT GBP/JPY European Session Yesterday's rise was contained in levels below the neckline of the suggested Double-Top Pattern. Friday February 22 , 2013 07:13 GMT

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