Daily Market Comments - Friday 13 August 2010

[za3eem]

EUR-USD It may meet resistance in 1.2829 - 1.2847 zone for a drift down to 1.2763 zone, after which bounce to 1.2914 is anticipated. USD-CHF It looks more likely that it would rise to 1.0597 - 1.0694 from 1.0483 or 1.0435. After which a downside move is expected. GBP-USD It looks set to visit further lower territory down to around 1.5570 - 1.5522. Its corrective attempts should fail ahead of 1.5645 - 1.5673. Stop loss above 1.5769 zone. USD-JPY It should trade higher to 86.29 while 85.61 or 85.42 offers support. Stop loss below 85.24 zone. USD-CAD A corrective rise should ideally test 1.0471 or even higher than 1.0519. Supports are at 1.0355. Stop loss below 1.0374 zone. NZD-USD It may meet resistance in 0.7088 - 0.7105 zone for a drift down to 0.7049 zone, after which bounce to 0.7144 is anticipated. AUD-USD It should try higher up to 0.8985 - 0.9009. Entry point 0.8961 or 0.8938. After this rise, a correction is expected. EUR-JPY It should test 110.42 area after which a sell off down to 109.31 or extended to 108.44 area is expected. EUR-CHF It looks set to visit further lower territory down to around 1.3465 - 1.3399. Its corrective attempts should fail ahead of 1.3568 - 1.3604. Stop loss above 1.3737 zone. EUR-GBP It should test 0.8237 area after which a sell off down to 0.8204 or extended to 0.8173 area is expected. EUR-CAD Market should not go lower than 1.3370 - 1.3313. After this move down it should go up to 1.3455 - 1.3484 area. EUR-NZD It may attempt a test higher to 1.8123 - 1.8176 after which weakness may set it to a drift down to below 1.7994 limit. EUR-AUD There is bearish potential for a fall to 1.4310 - 1.4272 while 1.4347 - 1.4368 resist. After this fall a recovery up to 1.4368 or 1.4389 is expected. GBP-CHF Market should not go lower than 1.6332 - 1.6233. After this move down it should go up to 1.6494 - 1.6557 area. GBP-JPY One more dip to 133.42 - 133.00 is likely followed by a grind higher to 134.27 - 134.70. After which it can resume its downtrend. GBP-CAD There is bearish potential for a fall to 1.6159 while 1.6303 - 1.6343 resist. After this fall a recovery up to 1.6343 or 1.6383 is expected. GBP-AUD Preferred view is for a fall to 1.7373 - 1.7317 while 1.7462 - 1.7495 area resists. A clear break of 1.7608 would be bullish. CAD-JPY It should test 83.70 area after which a sell off down to 81.49 or extended to 80.57 area is expected. NZD-JPY It should test 60.94 area after which a sell off down to 60.37 or extended to 59.85 area is expected. AUD-JPY It should test 77.91 area after which a sell off down to 76.15 or extended to 75.29 area is expected. XAG-USD It should test 18.22 area after which a sell off down to 17.91 or extended to 17.75 area is expected. XAU-USD Uptrend is still intact in a triangle configuration. It should continue to rally to 1216.04 or 1220.48 if support around 1208.95 hold. After which a pullback to 1208.95 - 1205.66 zone is possible.

[canadawy]

thank you for these comments they worth a lot to me
I have a question, where did u get this comments from?
thank you so much