Technical Analysis Trading Online 26 April 2012

EUR/USD bearish in the short term Bias test area 1.3110, break down those areas could trigger a bearish correction continued tested 1.3055 area before heading to area 1.2995. Nearby there are around resistant area 1.3225, break up the area can confirm the low level higher since reflected from strong support at 1.3000 area that can trigger a bullish pressure continued tested 1.3285 area. Overall we still prefer the bearish scenario in this phase with a strategy of sell on rallies and just break up the area that can membatakan outlook 1.3285 bearish.


GBP/USD Bias still bullish in the short-term test area 1.6245 especially if prices can go back up through the 1.6170 area. Nearest Support around 1.6070 area, break down the area can bring prices toward the neutral zone after West became unclear in the short test area 1.6030 but for the price remained above the 1.5985, we still prefer the bullish scenario in this phase.


USD/JPY Bias is neutral in the short term. Potential daily range is between 80.85 – 81.75 and need to break out of the range to see a clearer direction. Break up 81.75 can end the current bearish correction phase, at least towards the area of 83.30. For the movement of turn, area remains 80.30 a good place to buy positions with stop loss below 79.50.

XAU/LOCO MA200 back refuse price marched down more tinggin, indicating a bearish correction in the short term as the stochastic on the graph indicate the condition of the 1-hour also overbought. The correction will be heading to area 1636 – 1640 in wanton short before the test area is 1630 or even 1623. Just break up the area that can end the bias 1645 bearish towards the area of 1655.


Following the rise in the INDEX HANGSENG Wall Street yesterday, the hang seng is likely to open up around 20830 to test area 21030. While we also estimate the correction back to the opening level considering 20715 area high will make stochastic overbought condition entered.


NIKKEI INDEX buliish term pendke Bias towards areas 9620 and 9700, break into the top area of the 9700 can trigger a bullish momentum toward 9790. Nearest Support area is around 4 9550 and 9515, only to break down these areas that can inhibit the bullish bias.

Market Review of U.S. 26 April 2012

Returns the previous decline of the Euro traded near the high level session after up and down after the Federal Reserve's decision Wednesday not to change interest rates and brighten the prospects of economic growth in the year 2012.

In a press conference after the decision, the Governor of the Federal Reserve Ben Bernanke said the central bank is ready to take an additional stimulus to ensure economic recovery continues.

Oil and gold following a rally on Wall Street to close near the high level session, triggered by the results of the great Apple earnings and as Bernanke insists that the central bank was ready to take measures to help the economy.

Economic Data today is Australia's leading CB index, CPI of Germany, speeches of the ECB Draghi, BBA mortgage approvals, CBI realized sales of United Kingdom, jobless claims, pending home sales from the us as well as earnings reports from AstraZeneca, Bristol-Meyers Squibb, PepsiCo, Chrysler, ExxonMobil, Royal Dutch Shell, Barclays, Pulte, Amazon.com, Starbucks, and Zynga.

EUR/USD 1.3235 1.3217 closing, high, low, 1.3173 XAUUSD C:1644.65, H:1646.55, L:1624.60, CO-S c: 103.96, H: 104.57 l: 103.11. Dow C: 13040, H: 13056, L:12956.