Technical Report

Tuesday March 12 , 2013 08:46 GMT

Latest technical updates EUR/USD European Session The pair's attempt to the upside yesterday was affected by key resistance level of the descending channel Tuesday March 12 , 2013 05:54 GMT GBP/USD European Session The pair is still trading negatively within the descending channel as we see it stable between Linear Regression Indicator 34 and 55 Tuesday March 12 , 2013 06:00 GMT USD/JPY European Session The pair is trading positively ignoring the negative signals on momentum indicators, which is normal in light of stability above Linear Regression Indicator 55 Tuesday March 12 , 2013 06:12 GMT USD/CHF European Session The pair dropped and is trading below 50% correction at 0.9495 levels weakening positivity without cancelling it. Tuesday March 12 , 2013 06:27 GMT USD/CAD European Session Despite the pair's attempt to the upside yesterday, it remained limited below 1.0355 levels Tuesday March 12 , 2013 06:38 GMT AUD/USD European Session The pair moved to the upside again and settled above key resistance of the descending channel and also above Linear Regression Indicators Tuesday March 12 , 2013 06:57 GMT NZD/USD European Session The pair rose yesterday in response to oversold signals on Stochastic Tuesday March 12 , 2013 07:08 GMT Gold European Session Update A break above 1585.00 may extend the metal's gains, but until we see this break, we will continue to stand on the sidelines Tuesday March 12 , 2013 05:33 GMT Silver European Session Update We maintain our earlier short term bullish view, Tuesday March 12 , 2013 05:46 GMT WTI Crude Oil European Session Update If the rebound to continue we would like to see price hold above 92.00 leve Tuesday March 12 , 2013 06:00 GMT EUR/GBP European Session EUR/GBP's trading settled above the uptrend's key support, as stability above 0.8700 is now viewed as positive. Tuesday March 12 , 2013 07:25 GMT EUR/JPY European Session EUR/JPY is trading in levels above Linear Regression Indicator 55 but, Stochastic rather displays overbought status. We require better signals showing a clearer direction. Tuesday March 12 , 2013 07:19 GMT GBP/JPY European Session Examining the four-hour interval graph, two tops have been set up where the former is located higher than the latter and momentum indicators are reflecting a downside bias. Tuesday March 12 , 2013 07:11 GMT

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