Technical analysis Trading Online 02 April 2012

EUR/USD On 1-hour charts look a price pushing up and marched down inside the bullish channel signaling a bullish phase since reflected from 1.3000 still apply, with the nearest target, 1.3420 bullish about the wave before heading to C which is a Fibonacci expansion 161.8% level area 1.3595. To pergerkan down, only to break down a bullish channel around 1.3290 can be bullish phase menhentikan to test support at 1.3195 area.


GBP/USD short term bullish Bias in testing area 1.6285 but keep in mind that we still need to break and level the daily closing above 1.6040 area – a bullish scenario 1.6090 to continue testing the 1.6130 area, before heading to the target wave C which is a Fibonacci 161.8% extension level of A wave based on Elliot wave theory. Nearest Support around 1.5920 area, break down those areas could trigger a bearish correction continued tested area 1.5880.


AUD/USD bearish in the short term Bias particularly if price was able to return to penetrate to the bottom area of the 1.0335, to support key areas of bersamaa with the MACD 1.0250 indicates bearish. nearby there are around resistant area 1.0435, break back to top the area can bring prices toward the neutral zone in the short term but over prices persist below 1.0525 we still prefer the bearish scenario in this phase.

XAU/LOCO Like telrihat on the daily chart, it takes to break into the top area to change the bias becomes 1674 bullish towards the area in 1690-1700. Nearby there are in the area Support the 1640, break down these areas would add bearish pressure towards the area of 1615 or even 1600. However, the bias still neutral pending results of a meeting of European Finance Ministers dair and ahead of the US employment data report Friday.


The refractive INDEX is still neutral HANGSENG in the short term, with the nearest exist in areas resistant 20570, break up this area can bring the hang seng up testing area 20670. While break down support key areas of 20280 can change the bias to be bearish towards the area of 20170.


The NIKKEI INDEX nikkei bullish Bias for in the short term towards 10250 area, before continuing test area 10335. Nearby there are in the area Support 10070, break into the abwah of this area can bring down the nikkei to test the area around MA100 9935. We still prefer outlook bullish for prices persisted above MA100.