EUR/USD on the 4 hour chart, the descent of Moving Average 50-100-200 will keep a weakening euro in bearish channel. Beware
of the daily closing level below 1.2955 because it can open next fall
in targetted opportunities 1.2624 (lowest price 13 January). Accession
would provide an opportunity for RSI rises but increase limited to
correction and may be hindered by the upper limit of the bearish
channel. 1.3065 and 1.3104 (highest price 8 May and lowest April 23rd) is resistant. 1.2955 and 1.2700 (lowest price 10 and 12 January) is the support.
GBP/USD
On the 4 hour chart, the bearish sentiment still naungi sterling as the
price is still trapped inside a bearish channel. Beware
of the decrease under 1.6110 (near the Moving Average 100) because it
can open up opportunities fall toward the 200 Moving Average. Accession
will provide opportunities for RSI indicator correction went up but the
rally will be intercepted by an upper limit on the bearish channel. 1.6200 and 1.6240 (the highest price of 8 and 2 may) is the resistance. 1.6110 and 1.6060 (lowest price may 7th, and April 2) is support.
AUD/USD on the 4 hour chart, the descent of MA 50-100-200 will keep your aussie attenuation in a bearish channel. There are chances of correction went up as the stochastics are oversold area; However the potential rally limited up to an upper limit on the bearish channel. 1.0175 and 1.0220 (4 May and lowest price highest may 8) is resistance. 1.0045 and 1.0000 (lowest price December 29, and psychological level) is support.
XAU/LOCO
from the perspective of daily prices are in phase looks bearish, break
down as support nearest 1595 will trigger further bearish momentum
towards 1580 or even area of 1562. Nearby there are resistant around 1616 area, followed by the area of 1629 and 1639.
The
Bias is still bearish HANGSENG INDEX in the short term, break down
20160 area will bring the hang seng dropped to test the psychological
support at 20000. The nearest extant in resistant
areas 20410, break into this area of the katas can trigger a bullish
correction toward 20670 area.
The
NIKKEI INDEX bearish Bias since the price break down MA100 on daily
chart two days ago is still heading area 8910 especially if prices can
break through the psychological support at 9000. Nearby there are around resistant area 9160, break up this area will bring up the nikkei to test the area around MA100 9260.
Posted in: Technical Analysis Online Trading 09 May 2012