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Fundamental Analaysis for 15 March 2009 |
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Written by Administrator
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Monday, 15 March 2010 |
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* Greek debt crisis continues to hang over the euro…
* Moody’s says the UK and US debt ratings are secure, for now…
* Swiss National Bank lets the franc appreciate…
* Lots of data on tap in the US this week…
And Now… Today’s Analysis!
Greek debt is the euro’s Sword of Damocles….
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Technical Analysis for EURUSD 9 Mar 2010 |
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Written by Administrator
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Tuesday, 09 March 2010 |
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The EURUSD attempted to push higher yesterday, topped at 1.3703 but
closed lower at 1.3632. The bias is neutral both in nearest and medium
term as price still consolidating. The bullish correction scenario
after rejection from 1.3450/30 (triple bottom) remains intact as price
still move inside the minor bullish channel with 1.3750 – 1.3850 as
corrective target but still in a major bearish scenario. Immediate
support at 1.3580 area. Break below that area could trigger further
bearish momentum re-testing 1.3450/35 area but only clear break below
1.3450/35 area can be seen as bearish continuation confirmation
targeting 1.3100 area.
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Technical Analysis for GBPUSD 9 Mar 2010 |
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Written by Administrator
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Tuesday, 09 March 2010 |
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The GBPUSD failed to continue its bullish momentum yesterday,
bottomed at 1.5030 and closed at 1.5064. The bias is neutral in both
nearest and medium term but remains bearish in long term view. The fact
that price so far still able to move above 1.5000 – 1.4950 support area
indicating the bullish correction scenario after bottomed at 1.4779 on
March 01 remains intact with technical target around 1.5250 area. Clear
break below 1.5000 – 1.4950 area could trigger further bearish momentum
re-testing 1.4779 and might put the bullish corrective phase to its end.
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Technical Analysis for USDJPY 9 Mar 2010 |
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Written by Administrator
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Tuesday, 09 March 2010 |
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The USDJPY failed to maintain its bullish momentum yesterday,
bottomed at 90.13 and closed at 90.29. The bias is neutral in nearest
term, but the failure to stay above 90.50 area could produce a false
breakout scenario which could trigger bearish momentum testing 89.50
area. The bullish correction scenario remains intact but we need a
consistent move above 90.50 area to continue bullish momentum targeting
91.50 region.
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