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Short Term Technical Analysis for Majors (10:30 GM Post Reply Rate topic
Leinadgnow Senior	15-Nov-2010 20:51        Leinadgnow About Contact  Quote this Post!   Yells: "Retired"
x 0   x 0  Alert Admin	excellent analysis and very well broken down ... i'm a techie too .. i dun really care about news.. but do you think that the current euro crisis with ireland will affect them more then the usd dollar printing machines?
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WindsorBrokers Senior	15-Nov-2010 18:57        WindsorBrokers About Contact  Quote this Post!
x 0   x 0  Alert Admin	EUR/USD Fall from 1.4280 has so far retraced over 38.2% of 1.2643/1.4280 upleg at 1.3572, just above 1.3553, 55 day MA, where a temporary support was found. Bounce higher is for now limited by 1.3748/75 and break here to signal fresh recovery. However, further consolidation within 1.3572/1.3775 is not ruled out, ahead of renewed weakness, as short term outlook remains bearish. Downside loss of 1.3572 would open 1.3388/64. Res: 1.3685, 1.3748, 1.3775, 1.3823 Sup: 1.3592, 1.3572, 1.3553, 1.3505 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20101115103531.gif GBP/USD Recovery off 1.5951 remains intact while 1.5985 higher low holds. However, break through 1.6178/83 lower ceiling is required to signal fresh gains and open 1.6297/1.6311, 04 Nov high/trendline resistance. Loss of 1.5985 delays immediate bulls, while below 1.5951 would allow for stronger correction and expose 1.5897, 61.8% of 1.5651/1.6297 upleg. Res: 1.6153, 1.6183, 1.6297, 1.6311 Sup: 1.6025, 1.5985, 1.5951, 1.5897 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20101115103509.gif USD/JPY Extends recovery from 80.52, after reversal from 82.79 left a higher low at 81.64, with fresh strength now approaching 83.08, 50% retracement of 85.92/80.24 decline. Near term studies remain supportive and break above the latter to focus 83.74/97, 61.8%/05 Oct high. Downside, 81.64 offers key near term support and expected to contain corrective dips. Res: 83.08, 83.74, 83.97, 84.08 Sup: 82.32, 81.97, 81.64, 81.50 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20101115103440.gif   USD/CHF Broke above 0.9822, 03 Nov previous high, to extend recovery off 0.9546 to 0.9861, retracing nearly 76.4% of 0.9969/0.9546 decline. Hourly studies are still supportive and further stretch into 0.9900 zone is likely if 0.9868/80, 76.4%/60 day MA is cleared. Downside, 0.9668/55 is expected to hold dips. Res: 0.9868, 0.9880, 0.9903, 0.9969 Sup: 0.9761, 0.9721, 0.9668, 0.9655 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20101115103343.gif
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