EUR/USD as shown in chart 1, the bearish scenario is still valid to double top 1.3040-1.3000 in the short term. To move up, the nearest resistant area around 1.3180, break up the area can bring prices toward the neutral zone in the short term towards the area but over price last 1.3230 under 1.3315 we still prefer the daily scenario in this phase with a bearish strategy short on rallies.
GBP/USD bearish Bias in the short term but keep in mind that we need to break and level the daily closing below the area to confirm the bearish scenario 1.5640 advanced towards the area of 1.5530. Nearby there are around resistant area 1.5695, break back to top the area can bring prices toward the neutral zone test 1.5750-1.5805 and keeping fixed price in the range area any longer.
AUD/USD daily Bias is still bearish in the short term, especially if the price can go back through the down area 1.0475 back test area as target nearest 1.0380 is bearish. Nearby there are around resistant area 1.0525, break up the area are consistent can bring prices toward the neutral zone in the short term and returned mode wait and see after the directions become unclear.
XAU/LOCO Bias is neutral in the short term, the FOMC decision awaits later. Break down the area needed to spark momentum 1675 bearish toward area 1665 and 1650. Temporary break up into the area of 1720 can change the bias to be bullish towards the area of 1735.
INDEX Bearish divergence on the graph HANGSENG 4 hours indicates the current bullish outlook may be constrained by the resistant area in area 21260. A stochastic overbought and can also trigger a bearish correction towards the area of 21000, break into the bawha area this will bring down the hang seng to test low level 20820 as yesterday.
The NIKKEI INDEX was still bullish Bias toward 10000 as resistant nearby, especially if prices broke through to the top front area 9875. While the stochastic overbought on the daily chart, the bearish correction could trigger made to move the above constant 9875 area can bring the nikkei down as bearish correction back to the area of 9700 or even 9585.
Posted in: Technical analysis Trading March 13 2012