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الموضوع: Weekly Market Comments: 12/7/2010
- 12-07-2010, 11:03 AM #1
Weekly Market Comments: 12/7/2010
EUR-USD
While below 1.2681 - 1.2748 it is more likely to fall further towards 1.2560 or 1.2506. Premature rise above 1.2748 could see it rising above 1.2856 zone.
USD-CHF
It may meet resistance in 1.0560 - 1.0572 zone for a drift down to 1.0470 zone, after which bounce to 1.0662 is anticipated.
GBP-USD
It looks more likely that it would rise to 1.5187 - 1.5309 from 1.5058 or 1.4997. After which a downside move is expected.
USD-JPY
Market should hold major support at 87.23 before rising towards 89.22 or even 89.80 limit.
USD-CAD
There is bearish potential for a fall to 1.0195 while 1.0436 - 1.0507 resist. After this fall a recovery up to 1.0507 or 1.0577 is expected.
NZD-USD
It may attempt a test higher to 0.7111 - 0.7206 after which weakness may set it to a drift down to 0.6916 limit.
AUD-USD
It looks set for gains to 0.8938. Supports at 0.8545 and 0.8463. A break of 0.8153 will damage this bullish structure.
EUR-JPY
It should trade higher to 113.42 while 111.29 or 110.59 offers support. Stop loss below 109.90 zone.
EUR-CHF
Market should hold major support at 1.3191 before rising towards 1.3421 or even 1.3492 limit.
EUR-GBP
Currently uptrend should end around 0.8460 - 0.8442 area. A correction down to below 0.8296 is expected. A rise above 0.8493 will abort the expected correction.
EUR-CAD
There are initial signs of a good corrective recovery towards 1.3220 or even 1.3289. Supports at 1.3040 and 1.2927 zone.
EUR-NZD
There are initial signs of a good corrective recovery towards 1.8045 or even 1.8133. Supports at 1.7784 and 1.7610 zone.
EUR-AUD
There are initial signs of a good corrective recovery towards 1.4712 or even 1.4813. Supports at 1.4407 and 1.4204 zone.
GBP-CHF
It may meet resistance in 1.5993 - 1.6048 zone for a drift down to below 1.5800 zone.
GBP-JPY
It may attempt a test higher to 134.09 - 135.03 after which weakness may set it to a drift down to 131.65 limit.
GBP-CAD
There is bearish potential for a fall to 1.5351 while 1.5761 - 1.5871 resist. After this fall a recovery up to 1.5871 or 1.5981 is expected.
GBP-AUD
It looks more likely that it would rise to 1.7821 - 1.8470 from 1.7172 or 1.6847. After which a downside move is expected.
CAD-JPY
It looks set for gains to 87.19. Supports at 83.82 and 83.11. A break of 80.45 will damage this bullish structure.
NZD-JPY
It may attempt a test higher to 63.04 - 64.17 after which weakness may set it to a drift down to 60.74 limit.
AUD-JPY
Difficult to predict the next move. If first down it should hold 75.24 or 74.36. If first up it should face resistance in 77.83 - 79.53 zone to 74.36 zone.
XAG-USD
It should try higher up to 18.16 - 18.36. Entry point 17.96 or 17.84. After this rise, a correction is expected.
XAU-USD
It should try higher up to 1212.12 - 1221.18. Entry point 1203.07 or 1197.32. After this rise, a correction is expected
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