EUR/USD daily Bias back to bearish in the short term at least, 1.3170 area towards the break down of these areas could trigger further bearish pressure towards area 1.3130 and will keep the bearish scenario double top remains strong towards 1.3000 area key support. To move up, the nearest resistant around 1.3290, only to break up the area that can turn into a daily bias toward bullish on resistant area 1.3330.
GBP/USD Bias still bullish after bullish signals we are getting from the slow stochastics on the graph of 1 hour. Nearest Support around 1.5770 area, followed by the area 1.5745. Break below that area are consistent can bring prices toward the neutral zone after West became unclear possibility towards 1.5690 in the short term. While for the movement of going up, break up consistent 1.5915 can trigger a bullish pressure resistant toward key in 1.5995 area. Overall the price is still stuck in a range of areas – and require the 1.6000 1.5600 break out of range area to see a clearer direction.
USD/JPY bullish in the short-term Bias test 84.20 resistant lock on before heading to 85.00 area. Nearest Support is all around area 83.00, break down tersebtu area can bring prices toward the neutral zone in the short run to test the overall scenario 82.65 however is still valid in the phase of bullish for prices persisted above 82.00 area.
XAU/Gold still moves LOCO uncertain yesterday, but more bearish bias seharunys after prices remained below the MA200 at daily chart to 1635 before testing area of 1615. Temporary break up area 1665 could trigger further bullish pressure to test the MA200 area around 1675. Only braek up area that can turn the bias to be bullish.
HANGSENG INDEX as shown in chart 1, the price reflected in the range between 20755-20947 on 2 candle. The Bias is still bearish in the short term, break down 20755 area will bring the price mturun test area 20445. While the break up could trigger momentum bullish 20945 continued to test area 21100.
The NIKKEI INDEX was still bullish Bias with a daily target in the area of 10200 – 10500. However, the descent of stochastic and RSI suggests a bearish correction phase, break down area 10000 going towards the area as support next. 9875 Just break down these areas that could become a threat to the current bullish outlook.
Posted in: Technical analysis Trading Online 22 March 2012