Monday, May 9, 2011

USD: Restore must strengthen

Flexitime for 24 hours:
Forex spot: EUR / USD USD / JPY pair GBP / USD USD / Swiss Franc
Spot on 04.41 Greenwich Mean 1.4396 80.58 1.6389 0.8757
The three-day trend downwards trend Down Side Up
Weekly trend Up Down Up Down
200 days ago. skol.sr 1.3765 83.72 1.5960 0.9580
3rd Resistance 1.4625 81.20 1.6542 0.8895
2-e resistance 1.4588 80.95 1.6485 0.8815
1-e resistance 1.4500 80.84 1.6465 0.8785
The pivot * 1.4404 80.55 1.6398 0.8755
1-I support 1.4340 80.25 1.6347 0.8710
2-I support 1.4310 79.99 1.6285 0.8675
3rd Support 1.4150 79.57 1.6250 0.8625
The euro / dollar during the day: The pair is adjusted upward with 1.4310 in the bear flag, but the consolidation of the area bounded by 1.4500. Turn, the perfect pair of last week, handed the bears control over its dynamics in the short term. Until the mark 1.4500 restrains the growth of couples, the main threat to it is the return on a minimum of 1.4310 on Friday. At this stage it is not ruled out a further decline to the new 3-week low of 1.4150 to the side. Only a clear break above 1.4500 will provide a pair of break and will open her way to 1.4588 and 1.4625.

EUR / USD Weekly chart: Bullish.
The dollar / Japanese yen during the day: Recovery from a minimum of 79.57 last week began to experience difficulties about resistance 81.20. Lateral consolidation between 80.25 and 80.95, is likely to continue, but the ability for daily close above 80.00 suggests that the support of 80.25 is likely to stand. Break above 80.84 will renew pressure for a maximum of 80.95 Friday, threatening to around 81.20.
The dollar / Japanese yen on the weekly chart: Bearish.
Intraday GBP / USD during the day: During the weakening of the pair on Friday ended with the formation of the top figures of the "head-shoulders on the daily chart and is expected to set new 13-day low below 1.6347. Target levels for reduction are at 1.6285 and 1.6250, but the main threat for the pair is now achieving the target level of reversal patterns 1.6145. Rising above 1.6465 and 1.6485 would cast doubt on prospects of a bear couple.
Intraday GBP / USD Weekly chart: Bullish.
The dollar / Swiss franc during the day: Recovering Couples made at last week's historic lows .8554 begins to fizzle out with the emergence of resistance at 0.8815. More significant resistance is at 0.8895, indicating that the space for growth is limited. However, only break below a major area of ​​supersaturation between 0.8675 and 0.8710 will return control of the bears at this time.

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