Technical Report

Wednesday February 20 , 2013 07:23 GMT

Latest technical updates EUR/USD European Session The pair moved to the upside yesterday and now stable above 1.3355 levels weakening the AB=CD bearish harmonic pattern's effect Wednesday February 20 , 2013 05:43 GMT GBP/USD European Session The pair is still trading negatively by stabilizing below 1.5525 levels, while Linear Regression Indicators are still trading negatively Wednesday February 20 , 2013 05:55 GMT USD/JPY European Session Stability below 93.35 levels might extend the downside move, where it took the pair below Linear Regression indicators Wednesday February 20 , 2013 06:17 GMT USD/CHF European Session The pair is currently trading below Linear Regression Indicator 34 but still stable above 0.9205 Wednesday February 20 , 2013 06:35 GMT NZD/USD European Session The pair dropped below Linear Regression Indicators clearly weakening positivity, especially that RSI broke 50 levels to the downside Wednesday February 20 , 2013 07:04 GMT AUD/USD European Session The pair moved to the upside and trading again above 1.0345 levels which might extend the upside move Wednesday February 20 , 2013 06:57 GMT USD/CAD European Session Despite thin trading, the pair holds above 1.0085 levels which forces us to hold on to our positive expectations Wednesday February 20 , 2013 06:43 GMT Gold European Session Update We remain negatively biased towards gold in the near term, Wednesday February 20 , 2013 05:38 GMT Silver European Session Update A break below 29.20 could extend the downside move dramatically Wednesday February 20 , 2013 05:48 GMT WTI Crude Oil European Session Update The bullish bias is expected to continue over intraday basis. Wednesday February 20 , 2013 05:59 GMT EUR/GBP European Session The EUR/GBP pair rose and is attempting to settle above Linear Regression Indicators and above the latest top at 0.8718. Wednesday February 20 , 2013 07:13 GMT EUR/JPY European Session EUR/JPY couldn't reside above the downside correction's resistance as it is stable above Linear Regression Indicators as well as above the uptrend's support. Wednesday February 20 , 2013 07:05 GMT GBP/JPY European Session In our previous report, we pointed out that the GBP/JPY pair's return below 144.25 would entail altering positive expectations to negative Wednesday February 20 , 2013 06:57 GMT

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