Technical analysis Online Trading 09 April 2012

EUR/USD on the 4 hour chart, the euro is still trapped inside a bearish channel; cue still continued decline. Sentiment remained bearish as the euro still trading under the 100-200 MA. However, soaring stochastic indicator can reduce the pressure drop for a while. 1.3160 and 1.3190 (highest price April 5 and 13 March) are resistant. 1.3050 and 1.3000 (lowest price April 6, and the psychological level) is support.


GBP/USD on the 4 hour chart, soaring indicator stochastics will help increase sterling above the trend line. However, sterling seemed to still be berkonsolidasi as indicated by the mendatarnya indicators RSI and the price is trapped between the Moving Average of 100 and 200. Beware of trendline area (blue line) due to a decrease in passing the area can trigger a sharp fall. 1.5920 and 1.6000 (highest price 21 and 27 March) is the resistance. 1.5820 and 1.5770 (lowest price 6 and March 22) is the support.


AUD/USD on the 4 hour chart, the descent of stochastic indicator will keep the aussie in the channel attenuation bearish. Sentiment remained negative during the aussie was trading below the Moving Average of 50-100-200. 1.0385 and 1.0450 (highest price 3 and 17 January) is the resistance. 1.0270 and 1.0240 (lowest price of 6 and 4 April) is the support.

XAU/LOCO likes the look on the 4 hour chart, gold is in a bullish correction phase, needed to break into the top area of the 1632 to continue bullish correction towards the area of 1645. Nearest Support area is around 1620, break down these areas can bring gold down to re examine the area of 1610.


INDEX bearish Bias during price HANGSENG move in the channel on the 4 hour chart a bearish, but dibutuhakn break down 20360 area to continue towards the bearish bias before the test area 20240 area 20000. Nearby there are around resistant lines the top of the channel area around the bearish 20675, only to break up these areas that can end the bearish bias for moving up testing area 20870.


The NIKKEI INDEX was still bearish Bias toward the low level in March on 9425 area, break down these areas can increase pressure towards the bearish in the short term 9365. However, the constant movement of the above area can trigger a bullish correction 9545 back to area 9635.

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