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.

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Market Review of The U.S May 07, 2012

Dollar weakened against the yen in volatile trading Friday after US employment data for April, which gives an overview of the health of the economy. mix

U.s. labor report disappoints aggravate economic sentiment, pushing crude oil for closed below $ 100 per barrel and the stock exchange closed down sharply AS to the negative.

While gold climbed as investors sell crude oil and gold stocks then turns on after reports the US NFP a weak push the attractiveness of gold as an investment given the weakening economy might trigger further monetary easing by the Federal Reserve.

Economic Data today is the minutes of the BoJ meeting, AIG construction index, retail sales, building approvals,, ANZ job advertisements, NAB business confidence from Australia, unemployment rate, foreign currency reserves, the CPI from Switzerland, the sentix investor confidence from the European zone, factory orders from Germany, and consumer credit from the us.

EUR/USD closing 1.3083, high, low, 1.3178 1.3078 XAUUSD C:1642.45, H:1647.25, L:1626.95, CO-S c: 98.59, H: 102.72 L: 97.51. Dow c: 12957, H: 13168, L:12952.

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Misses from the estimated Payrolls

Non-farm payrolls Data for April has come out below the expectations of analysts. Economic sector of the United States (US) was only able to open the 115,000 jobs in April, marking the decline in payrolls for two months straight. Previously, economists surveyed MarketWatch estimates payrolls appear in numbers 163,000. However, the average unemployment rate drops to 8.1% from the previous entry, 8.2%.

One of the positive facts of attendance report today is the revision number of payrolls in February rose from 120,000 to's 154,000. While the number of new job jumlahtenaga in the month of March were also revised up from 240,000 to 259.000. The revision was able to improve the average unemployment to its lowest level for more than a decade.

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