Tadawulfx Market News 12 March 2010

Ni aku nak share analisis dari Tadawulfx yang baru je masuk mailbox aku. Meh kita test sejauh mana keberkesanan analisis dari Tadawulfx ini. Kalau rasa takut, kita cuba di demo akaun dulu.

  • GBP-USD (UP) - Cable continues its steady advance after bouncing from the 78.6% Fibonacci Retracement level (1.4872) of the 1.4782 – 1.5195 advance and has retaken above the 1..5000 handle. The pair is having real trouble clearing its hourly 200 EMA (currently at 1.5067) and this is the dynamic resistance level that should be observed intraday for a sustained upmove which could see Cable challenge the 1.5195 high and if this level gives way then 1.5283 is the next upside target for the pair. All eyes should be focused on price behaviour at the hourly 200 EMA.
  • EUR-USD (UP) - The Euro spent the entire week range bound and is holding above the 1.3434 support level. Past couple of days has also seen the pair supported by the 61.8% Fibonacci Retracement level (1.3548) of the 1.3434 – 1.3733 advance and has in fact formed a messy triple bottom at this level and is currently challenging trendline resistance which converges at the 1.3700 psychological level. A confident break above this level is likely to see more upside for the single currency for a push towards 1.3800 – 1.3850 resistance zone which are good intraday upside targets.
  • USD-JPY (Neutral) - The pair is still having difficulty clearing confidently the 90.61 level which as mentioned before is the 61.8% Fibonacci Retracement level of the 92.15 – 88.12 decline. A confident break beyond this level will likely see the pair head towards the key resistance zone of 91.40 – 91.70 which sees the current position of the daily 200 EMA converging with trendline resistance from the 101.45 high. Upward momentum is still healthy so a challenge of this resistance zone is highly probable. However, failure to exceed 90.61 and a trade below 90.00 could see the pair weaken towards 89.40 – 89.00.
  • USD-CHF (DOWN) - The Swissie yesterday steadily moved to the downside and is currently trading near the 1.0646 swing low. A break below this level is likely to see the downside accelerate initially towards 1.0600 and then 1.0550 and 1.0500 are the next levels of support for the pair. However,, failure to break below 1.0646 could see the Swissie find a bid tone towards 1.0750 – 1.0800. Price behaviour in the Euro should be monitored closely intraday.

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