Technical Report

Thursday February 28 , 2013 13:16 GMT

Latest technical updates EUR/USD U.S. Session Stochastic is negative yet we need to see trading back below 1.3080 to further confirm bearishness Thursday February 28 , 2013 12:10 GMT GBP/JPY U.S. Session The pair reached Linear Regression Indicator 34 yet trading above 1.5190 stability above which might delay the expected bearishness Thursday February 28 , 2013 12:15 GMT USD/JPY U.S. Session The pair failed to hold above 92.50 areas which keep the bearish outlook valid Thursday February 28 , 2013 12:19 GMT USD/CHF U.S. Session Trading is again seen with upside bias after the pair regained bullish momentum above 0.9270 Thursday February 28 , 2013 12:24 GMT USD/CAD U.S. Session USDCAD is attempting to turn higher supported by Linear Regression Indicators and stability above 1.0205 Thursday February 28 , 2013 12:29 GMT AUD/USD U.S. Session We cannot favor bearishness just yet as the Risk/Reward ratio is inappropriate Thursday February 28 , 2013 12:41 GMT NZD/USD U.S. Session The pair is trading within a tight range and stable below the breached ascending channel support Thursday February 28 , 2013 12:47 GMT Gold U.S. Session Update 1600.00 should limit any rally over intraday basis Thursday February 28 , 2013 12:13 GMT Silver U.S. Session Update The bearish bias should remain dominant so long as below 29.20 area Thursday February 28 , 2013 12:22 GMT WTI Crude Oil U.S. Session Update We will play this range until proven wrong, and expect an intraday bounce. Thursday February 28 , 2013 12:33 GMT EUR/GBP U.S. Session EUR/GBP dropped again below the uptrend's key support as well as below EMA 50, weakening positivity. Thursday February 28 , 2013 13:01 GMT EUR/JPY U.S. Session EUR/JPY is dropping slightly however limited in levels above LRIs, compelling us to stay aside for today. Thursday February 28 , 2013 12:55 GMT GBP/JPY U.S. Session GBP/JPY's drop seen in the European Session has remained in levels above 139.10, supporting the potential extension of the bullish correction. Thursday February 28 , 2013 12:49 GMT

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