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发表于 2008-5-23 09:57
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Daily Technical Outlook On USD/CHF
Updating time : 15/02/2008 00:46 GMT
USD/CHF - 1.0975...Dollar fell sharply y'day after failing to penetrate
Wednesday's high at 1.1108 as active cross buying in chf (unwinding of carry
trades) in the dovish testimony from Fed chief Bernanke, the bearish cross-over
of the 21-hr n 55-hr emas signals the upmove fm 1.0729 has formed a temp. top
at 1.1108 n correction to 1.0946 (Feb 11) n then twds 1.0902 (1.618 times ext.
of 1.1108-1.1007 fm 1.1065) cannot be ruled out, however, bullish convergences
on 15-min oscillators shud prevent steep fall below there n reckon 1.0864/74
(sup n 61.8% r of 1.0729-1.1108) wud limit downside, yield a rebound later today
or next week.
Therefore, we will not chase this move for day trade instead, stand
aside for now (readers should keep an eye out for any special daily updates).
Abv 1.1031/34 (50% r of 1.1108-1.0954 n prev. minor sup) would signal intra-day
low is made n bring rebound to 1.1065 (y'day's reaction high in U.S. session)
but break there is needed to signal correction fm 1.1108 has ended n yield
re-test of this res later...
Attached Images
Weekly Technical Outlook On Eur/usd
Updating time : 18/02/2008 00:01 GMT
EUR/USD - 1.4674...The euro rose last week to 1.4710 on the back of dlr's
weakness against other European currencies n also cross buying vs yen (carry
trade demand) n as the erratic upmove fm this month's low at 1.4440 has already
retraced over 50% of the decline fm 1.4956-1.4440 at 1.4698, consolidation with
upside bias remains for further gain twds dynamic res at 1.4759 (61.8% r of
1.4956-1.4440) later.
Looking at the daily chart, euro is now trading around the mid-point of
the broad established range of 1.4968-1.4310 n as the price action fm '07 record
high at 1.4968 is possibly developing into a triangle, only abv 1.4956 res wud
confirm upside break has taken place n bring resumption of MT uprtrend to the
'psychological' 1.5000 lvl 1st.
On the downside, below 1.4574 wud signal temp. top has been formed at
1.4710 n yield weakness to 1.4530, however, break of 1.4482 is needed to signal
the decline fm 1.4956 has resumed, bring re-test of 1.4440 n then 1.4400 but
pivotal sup at 1.4365 shud remain intact...
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