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Friday, February 18, 2011

DAILY TECHNICAL OUTLOOK - February 18th, 2011 - 10.45 AM GMT TIME


Current rate: 1.3560
EUR/USD intraday: Eurusd failed on metioned yesterday point at 13631 (almost fib ret 50% and oblic resistance line) Important support point : resistance at 13640 / support at 13520 Most Likely Scenario :wait for downsode move towards 13530 before to enter short



screen 1 : yesterday techs
screen2 : todays techs 
 

GBP/USD

Intraday biais: Upside
Current rate: 1.6212
Important points : support : 16140/16070 - resistance : 16275/80 (Double top area)
Signal : No trading signal
Near term outlook remains bullish as long as 1.6140 support holds
Yesterday, short term descendant trend line at 1.6170, was broken. therefore it should lead to a quick run towards 1.6230 area ahead of 1.6280 price zone and double top






screen 1 : yesteday techs
screens 2 : todays techs d1 10:45 am 
 

USD/CHF Daily

Intraday biais: Down with possible rebound today towards ema 55
Current rate: 0.9518
Important point : support area at .9470 ( below fib ret 62%)
Signal : No trading signal
Comment :
usdchf almost hit fib ret 62% at .9500 and rebounded on it
We could see bounce today towards ema 55 at 9590 and possibly fib ret 62% at 9660
Below 9470 (yesterday low), clear break could lead towards support line at .9354
strategy : stay aside

screen 1 : yesterday techs
screen 2: yesterday techs
screen3 : todays techs

USD/JPY

Intraday biais: Upside as long as we stay above ema 55 in h4 at 83.11
Current Rate: .83.36
Important point : support ema 55 at 83
Signal : On going trade signal triggered
1.     Order : buy stop triggered
2.     Entry Time : yesterday 13:30
3.     order expiry: -
4.     Entry price : 83.60
5.     TP1 : 83.90
6.     TP2 : 84.45
7.     Stop loss : 83.00
Comments:
No change versus 7 am and 11 am outlook We maintain our bullish view a as long as we stay above ema 55 in h4 at 83.10 . On going correction downside should resume at this point and should target 84.05 and 84.49 resistance next.
Nevertheless, just be carefull at 83.60/65 , usdjpy might form a right shoulder and accelerate dowside
Comment :
If market can break yesterday high at 83.66, (fib ret 62% and possible right shoulder) we might see push towards 84.45/50
Below 83.10 would negate this outlook and lead to 82.30 (technical tp of H&s)







screen 1 : yesterday techs
screen2 : todays techs and rebound
screen 3: target of this potential H&s






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