EUR/USD bearish in the
short term Bias seetlah failed to penetrate into the top descending
triangle, the price seemed ready to back test support strong at 1.3000
area. Nearby there are around resistant 1.3205,
break up teesbut area can bring prices toward the neutral zone in the
short term but will give you the opportunity to test the lines the top
of the triangle at 1.3285.
USD/CHF
Bias is bullish in the short-term test area 0.9210 but overall there is
no change in the outlook of long-term technical and price are still in a
phase of consolidation in the range area. Nearest
Support is all around area 0.9100, break down the area can bring prices
toward the neutral zone in the short test area 0.9040.
AUD/USD
as shown in graph 1 hour, despite the bearish momentum is not as strong
as forecast, the short-term bias remains bearish test 1.0225 – 1.0245. Nearby there are around resistant area 1.0355, break up the area could trigger a bullish correction phase 1.0400 area test.
XAU/LOCO
Stochastic on the 4 hour chart indicating bullish correction phase for
short term to test the MA200 area around 1645 before 1655 area. We
still prefer outlook is bearish for prices remained below the area,
with the nearest 1655 support in 1632 was followed by area of 1625.
INDEX
bearish Bias HANGSENG in the short term due to the bearish correction
seems kembal channel creates a false break scenario. Break down support on areas of 20880 will confirm this scenario to move down to 0.670 area. Failure to penetrate to the bottom area 20880 will maintain a bullish outlook heading back to area 21085.
The
NIKKEI INDEX as shown in chart 1, the nikkei daily from the surrounding
area reflected MA100 9235, which indicates a bullish correction phases
in the short term returns to the area prior to the testing area of 9365
9290. Just break down the MA100 can confirm the bearish outlook toward at least in the short-term. 9160
Posted in: Technical Analysis Trading Online 04 May 2012