Technical Analysis Trading Online May 07, 2012

EUR/USD Bias is neutral in the short term. Nearby there are still resistant in some areas 1.3180-1.3205, break up the area could trigger further bullish pressure test area 1.3285, which remains a resistant locks and a good place to take a position sell with tight stop loss above the triangle formation. To move down, it takes a break and level the daily closing below the bearish scenario 1.3105 to continue to support strongly on area 1.2995. Overall there are no changes to the technical outlook. As long as prices remained in a bearish channel on the new graph 1 hour we still prefer a sell on rallies in this phase.


GBP/USD Bias is neutral in the short term. Overall the price remains in a bearish phase after penetrating the down channel bullish on chart 1 hour around 1.6190, indicating a potential bearish correction especially if prices can go back down through the test area 1.6100 1.6150 – 1.6070. To move up, we need a break and daily closing level above 1.6260 to continue a bullish scenario test 1.6300.


USD/JPY Bias still neutral in the short run seitdaknya test support at key areas 79.65, break down those areas could trigger further bearish momentum towards 79.15 area in the short term. To move up, break the daily closure of consistant and level above 80.30 can trigger a bullish correction phase megnuji 80.65 area, or even higher. We still prefer strategy buy on dips in this phase are expecting bullish reversal after the continuation of low record reflected

XAU/LOCO Biased neutral term, as shown on the 4 hour chart, gold seems unable to survive in the top area of 1645, it takes constant movement over the area to trigger advanced bullish momentum toward the area of the 1655 as MA200. Nearby there are in the area Support 1632, break down these areas can turn into a bearish bias towards areas of 1625 in the short term.


INDEX Prices are moving HANGSENG back into channel bearish on graifk 4 hours, indicating a bearish bias in the short term, especially if the price can penetrate down towards 20880 20670 area area or even area 20410. Nearby there is still on resistant 21085, only to break up these areas that can end the bearish bias.


The NIKKEI INDEX from the perspective of daily price has penetrated down MA100 which indicates a bearish bias towards areas 8910. In the meantime we should be vigilant as the stochastic is oversold conditions which can trigger a bullish correction back to test the area around MA100 9250.