Technical Report

Thursday February 21 , 2013 07:46 GMT

Latest technical updates EUR/USD European Session The pair dropped sharply yesterday after failing to stabilize above the first target of the AB=CD technical harmonic pattern Thursday February 21 , 2013 06:02 GMT GBP/USD European Session The sell-off took the pair sharply lower breaking consecutive Fibonacci levels, and the extended downside move Thursday February 21 , 2013 06:16 GMT USD/JPY European Session The pair's thin trading is still limited below 94.50 levels Thursday February 21 , 2013 06:24 GMT USD/CHF European Session The pair surged yesterday and is trading positively today benefiting from breaching key resistance level of the previous downside wave Thursday February 21 , 2013 06:32 GMT USD/CAD European Session The pair reached the key resistance level of the ascending channel, but that doesn't mean that the upside move is over Thursday February 21 , 2013 06:44 GMT NZD/USD European Session The pair is now in front of key support levels of the bullish move without any confirmation signals Thursday February 21 , 2013 07:07 GMT AUD/USD European Session We updated our expectations yesterday before the FOMC minutes, and indicated a possible harmonic formation might extend the bearish move Thursday February 21 , 2013 06:59 GMT Gold European Session Update We will treat upside pullbacks as opportunities to short the metal Thursday February 21 , 2013 06:29 GMT Silver U.S. Session Update A pullback towards 29.00-29.20 is likely, and would provide another opportunity to short the metal. Thursday February 21 , 2013 06:43 GMT WTI Crude Oil European Session Update We expect further downside movement over the short term. Thursday February 21 , 2013 06:53 GMT EUR/GBP European Session Analyzing the EUR/GBP pair's movement today and yesterday, we see Linear Regression Indicators creating solid support to the pair as it stabilizes above the latest top at 0.8715. Thursday February 21 , 2013 07:13 GMT EUR/JPY European Session The ascending channel's support has been broken, as shown on the graph, as the EUR/JPY settled below Linear Regression Indicators Thursday February 21 , 2013 07:06 GMT GBP/JPY European Session GBP/JPY dropped severely breaking 142.60 and 23.6% correction at 142.50. Thursday February 21 , 2013 07:00 GMT

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