EUR/USD looks on the graph is synonymous 1 hour we get a signal in the opposite of slow stochastics, MACD and MACD still indicating trends intersect down still bearish short term test area support double bottom around 1.3030, 1.3000 – break down the area could trigger further bearish momentum towards 1.2990 area. However, we also get a bullish signal from the William R% is in the area had been oversold which indicates a potential rebound in the shorter term to at least test area 1.3110 – 1.3145, before continuing bearish scenario. Bearish Bias in the medium term at this time can only be undone by the closing level break and at least above the test area 1.3350 1.3245 back.
GBP/USD as shown in chart 1, the price failed to break into the strong resistant above 1.5995 and touching support trendline 1.5850. Bias still bullish for prices remained bullish on the channel graph 1 hour, only to break and level the daily closing above 1.5930 revert can turn bullish mode. To move down, it takes a break at least down the channel to maintain a bullish bearish scenario false breakout on daily chart continue to apply test area 1.5810.
USD/JPY Bias is still bearish in the short term, especially if the price can break back down bersamaa with the MACD 1.0360 intersect down, back test area and keeping the bearish scenario 1.0300 remain strong toward 1.0225 or further down again. To move up, the nearest resistant area is around 1.0460, break up the area will transform back into a bullish bias daily test area 1.0560.
XAU/LOCO Price reflected by MA100 on the 4 hour chart, and penetrates to the bottom of the bullish channel, which indicates a bearish bias in the short term. Survive in the bottom area of the 1655 will bring gold down to examine the area of 1645. Nearby there are around resistant area 1665, only to break up this area which can cancel the outlook is bearish.
CRUDE OIL (CRUDE OIL), the oil's movement on the daily chart form harrami with moderate, stochastic RSI and moderate volume tends to decrease illustrates the bearish reversal of oil prices less supported by full market post failure break level 101.86. For the next if see a pattern like this, there is a trend of oil prices will rebound back with an estimated price of the tests break resistant 102.90.
INDEX on Stochastic HANGSENG 4 hour chart indicates a bearish correction phase back to area 20635. Break down area 20635 will validate scenarios false break and continued bearish bias test 20930. The nearest are in areas resistant 20830 followed by area 21030.
The NIKKEI INDEX Bias is neutral in the short term with MA100 on graifk 1 hour as the pivot point. Stay on top of the area around MA100 9540 can trigger a bullish momentum toward 9650 or even 9735. While break down MA100 can turn back into a bearish bias test 9450 as support nearby followed by area p09735.
Posted in: crude oil,index hangseng,nikkei index,Technical analysis Trading Online 16 April 2012