Technical Report

Wednesday May 15 , 2013 08:17 GMT

Latest technical updates EUR/USD European Session The pair settled below 1.2970 for the first time since 04/04/2013 with a long bearish candle and that might extend the downside move Wednesday May 15 , 2013 05:55 GMT GBP/USD European Session Overall, the downside move is valid and trading below 1.5310 is negative supported by Linear Regression Indicators Wednesday May 15 , 2013 06:06 GMT USD/JPY European Session The pair moved to the upside yesterday failing our expectations of a downside correction before extending the bullish move Wednesday May 15 , 2013 06:14 GMT USD/CHF European Session Trading above the mentioned 0.9610 is positive and might extend the upside move toward 78.6% correction and perhaps 88.6% correction Wednesday May 15 , 2013 06:21 GMT USD/CAD European Session The pair rose sharply yesterday confirming the ascending channel indicating the possibility of extending the upside move today and during the upcoming period Wednesday May 15 , 2013 06:35 GMT AUD/USD European Session The AUD/USD continues the downtrend non-stop after the breakout below 127.2% Fibonacci at 0.9990 Wednesday May 15 , 2013 07:14 GMT NZD/USD European Session The NZD/USD's donwside trend continues nonstop after breaking the bullish channel's support, and confirming it by conducting another break to 0.8280. Wednesday May 15 , 2013 07:23 GMT Gold European Session Update We maintain our negative view Wednesday May 15 , 2013 07:21 GMT Silver European Session Update We hold onto our earlier bearish expectations. Wednesday May 15 , 2013 07:27 GMT WTI Crude Oil European Session Update We will monitor price action around these levels to confirm the next potential move. Wednesday May 15 , 2013 07:34 GMT EUR/GBP European Session Update A downside move that grabs the pair back towards 0.8400 areas is possible Wednesday May 15 , 2013 07:48 GMT EUR/JPY European Session Update We prefer to remain on the sidelines this morning, Wednesday May 15 , 2013 07:42 GMT GBP/JPY European Session Update We maintain our positive expectations. Wednesday May 15 , 2013 07:38 GMT

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