Forex Research

Daily Technical Analysis
Posted: 3/12/2010 10:08:52 AM



Currency Pair Long Term Momentum Medium Term Momentum Short Term Momentum Support Resistance Comments
EUR/USD 1.3730
1.3700
1.3660		 1.3770
1.3810
1.3840		 1448GMT possibly topping below 1.3800, above 1.3810 may see to 1.3835/40, bias higher while above 1.3725/30, below may see lower
GBP/USD 1.5120
1.5080
1.5040		 1.5170
1.5210
1.5260		 1452GMT upside potential remains while above 1.5120, below may see correction lower to 1.5070/80, below 1.5040 may see losses extend
USD/JPY 90.70
90.50
90.20		 91.00
91.25
91.40		 1508GMT possibly topping below 91.00, upside potential remains while above 90.65/70 below may see to 90.20/25, cloud top is at 90.54
USD/CHF 1.0645
1.0600
1.0570		 1.0685
1.0725
1.0750		 0828GMT Bias lower while below 21 hr sma at 1.0685 towards recent low at 1.0645 initially, below may see to 1.0600 next.
AUD/USD 0.9150
0.9110
0.9075		 0.9190
0.9230
0.9280		 0830GMT break above 21/55 hr smas at 0.9150 suggests bias higher towards recent highs near 0.9190, above may see 0.9230.
USD/CAD 1.0225
1.0200
1.0170		 1.0250
1.0290
1.0320		 0833GMT continues to press lower, the lower hourly Bollinger band lurks by 1.0225 as crucial short-term support, below may see 1.0200
EUR/JPY 123.90
123.50
123.10		 124.50
125.10
125.40		 0835GMT bias higher while above the 21 hr sma at 123.90 towards 124.50 initially, back below 123.90 may see down to 123.50.
NZD/USD 0.6995
0.6965
0.6935		 0.7025
0.7070
0.7100		 0838GMT bias higher while above the 200hr sma at 0.6970, above 0.7025 may see towards 0.7070. below 21 hr sma at 0.6995 may see to 0.6965.
EUR/GBP 0.9065
0.9040
0.9020		 0.9100
0.9120
0.9140		 0841GMT bias lower while below 21 and 55-hour smas nr 0.9090/00 towards 200 hr sma at 0.9065 ahead of 0.9040, above 0.9100 may see 0.9120/25 re-tested
AUD/JPY 82.85
82.50
82.25		 83.35
84.00
84.40		 0846GMT bian higher while above 21hr sma at 82.85 towards 83.35 initially, above may see 84.00 on the follow, below 82.85 may see to 82.50
GBP/JPY 136.35
136.00
135.60		 137.00
137.40
138.00		 0849GMT bias higher while above 134.94 Tenkan line, above 21 hr sma at 136.35 suggests potential to 137.83 Kijun line, below 135.50/60 may see lower
CAD/JPY 88.35
88.00
87.50		 88.75
89.00
89.70		 0900GMT focus higher while above the hourly up-trendline near 88.00 though below 21 hr sma at 88.35 may see correction towards 87.00

- Optimal phase to initiate position with arrow - Cycle mature, protect profits
- Cycle extreme, t/p, plan for new cycle - Hold Cycle in direction of arrow

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- indicate that momentum is positive and moving higher, usually signs of higher prices ahead
- indicate negative and falling momentum, typically implying lower prices in the future
Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.