EUR/USD Bias turned out to be bullish in the short term, where the pressure down seems to be limited and as long as the price moves above the area, the chance of a bullish correction 1.3105 toward the area before heading to area 1.3345 1.3385 is still very open. Nearest Support around 1.3170, break down those areas could trigger further bearish pressure test area 1.3105.
GBP/USD Bias is bullish in the short term is still testing the 1.6165 area, before heading to the last 1.6265 on the resistant tested in July and August 2011. Break up the area will trigger a bullish momentum toward a strong resistant since August 2011 around 1.6356. Given the existence of 2 candlestick bullish daily since Monday, we must be alert to the potential bearish correction. Nearest Support around 1.6065 area, break down the area can bring prices toward the neutral zone in the short test area 1.6000 – 1.5985.
AUD/USD Bias still neutral in the short term but overall we bullish against maish this currency pair and just break and level the daily closure of areas under 1.0270 that can activate the mode of wait and see. To move up, it takes a break and the closing level back up 1.0410 daily to maintain a bullish scenario remains strong test 1.0450 or higher again.
XAU/LOCO MA30 on the 4 hour chart is still holding the price to move up, the bias still neutral in the short term to persist in the range area of 1634-1648. Break up MA30 MA200 going towards the area around 1660 before the test area 1670. While break down area 1634 will bring the price directly towards the area of 1612.
HANGSENG Hang seng INDEX is in a bearish correction phase after failing to hold above the area to return to the area of 21030 20830 in the short term. It takes constant above 21030 movement to continue momentum bullish towards 21150 before test area 21400.
NIKKEI INDEX be a neutral Bias in the short term, it takes to break into the top area 9620 to continue bullish bias test the 9700 area. While break down 9570 will bring the nikkei down to re-test area 9530 or even 9490.
Posted in: Hangseng index,nikkei index,Technical analysis Trading Online 23 April 2012