EUR/USD Bias is bullish in the short term but overall prices are still in bearish phase, since the double top formation around 1.3845 and just break it back down to 1.3150 1.3150 can delay the bullish correction scenarios and back emngaktifkan mode wait and see after the directions become unclear. For the movement of going up, potentially bullish target area around still-1.3315 1.3350.
GBP/USD Bias is bullish in the short term, especially after the price broke through to the top channel 1-hour chart a bearish on the overall price, however, is still stuck in a range between 1.6000-1.5640 in 5 last weekend. Nearby there are still resistant in the vicinity of 1.5880, break up the area could trigger further bullish pressure towards the 1.5995 area. I think the best strategy is to buy daily around 1.5640 or short 1.5705 – roughly 1.6000 with tight stop loss.
USD/JPY bullish in the short-term Bias toward 82.20 area. Nearest Support around 81.20, break down the area can bring prices toward the neutral zone in the short term as the directions are not clear but for a price above areas support surviving 80.80 maish prefer our daily bullish scenario in this phase.
XAU/LOCO Stochastic on the daily chart indicating bullish correction phase for gold back to 1720 area area before heading to 1735. Just break it back down in 1675 the area support can continue is bearish outlook test area 1665.
OILS/GREASE Analysis of crude oil today is expected to try to further test the bullish Tenkan Sen as a resistance level of innermost 107.43. While support was lowest level of innermost yesterday in 105.85. The second indicator, stochastic and RSI still shows potential bearish crude oil surges so that today seem to be limited.
HANGSENG Hang seng INDEX are still in a phase of bullish correction in the short term, to break into the top area 20850 going towards psychological resistant area 21000. Nearest Support is all around area 20600, break down these areas could trigger a bearish momentum towards lanjtuan 20240 area.
The NIKKEI INDEX was still bullish Bias towards 9875 to be able to move up higher again towards the area of 10000. However, the oversold stochastic on the 4 hour chart a bearish correction could trigger the return to the area of 9615-9700. Just break down these areas that could become a threat to the current bullish outlook.
Posted in: bullish,hangseng,loco,nikkei index,oil,Technical analysis Trading 09 March 2012,uero,usd,xau