XAU/LOCO On the 4 hour chart, the descent of Moving Average 50-100-200 will keep gold in channel attenuation bearish. There is room for correction went up with the RSI indicator was in the area of oversold. However, the chances of correction is limited and will lose momentum approaching the upper limit on bearish channel. Just above the increase in 1564 redakan can down pressure for a while. 1555 and 1570 (May 14, the lowest prices and the highest of 16 May) is the resistance. 1542 and 1522 (lowest price September 26 and 29 December) is support
INDEX
HANGSENG On the 4 hour chart, soaring stochastic indicator has helped
the Hang Seng to test the upper limit a bearish channel. However, the increase is still only corrections and above increases that can eliminate the perception of 19725 bearish. On the other hand, the descent of Moving Average 50-100-200 will keep weakening of Hang Seng in a bearish channel. Hammer formed also intimated the pressure down remains to be faced by the Hang Seng. 19725 and 19850 (highest price 3 and 14 May) is the resistance. 19420 and 19265 (lowest price may 15 and the highest December 7, 2011) is the support.
The
NIKKEI INDEX On the 4 hour chart, the descent of Moving Average
50-100-200 will keep the attenuation of the Nikkei in a bearish channel.
Datarnya indicator RSI can be intimated Nikkei Middle natural consolidation. Beware the fall under because it can worsen the performance of 8840 Nikkei. On the other hand, rising above can reduce the pressure from bearish 8960 for a while. 8960 and 9030 (highest price 3 and 14 May) will be a resistance. 8840 and 8800 (lowest price may 15 and 27 January) is support
EUR/USD
Resistance Level: 1.2925, 1.2823, 1.2971
Support Level: 1.2675, 1.2624, 1.2527
Trading Range: 1.2675 – 1.2831
Trend: Bearish
GBP/USD
Resistance Level: 1.6155, 1.6074, 1.6198
Support Level: 1.5955, 1.5907, 1.5826
Trading Range: 1.5955 – 1.6082
Trend: Bearish
Posted in: Technical analysis Trading Online 16 may 2012