تحليل ساكو ليوم 28 ديسمبر

[احمد سعيد]

Published: Dec. 28 2004, 07:37 GMT
EUR makes new highs against the USD

EURUSD above 1.3600 as USDJPY breaks support. New extremes of USD weakness are a continuation of the trend and further weakening may lie ahead as EURUSD could be on the path to 1.3850.



Note: Between Christmas and New Years, there will be only one daily publication. This will be the morning briefing for the European session.



MAJOR HEADLINES – PREVIOUS SESSION



Japan data mixed with mixed retail trade and bad industrial production numbers countered with positive employment data.

Not much reaction to Japanese data as USD/JPY stays below 103.50 level that was broken yesterday.



















THEMES TO WATCH – UPCOMING SESSION









We may develop a new small range in which to trade in the short term as the market pauses to take a breath.

US treasuries closing in on important support levels. Can the weak USD trend continue in the short term if these levels give way?

US Consumer Confidence likely to surprise to the upside – but currency market not interested in this. data as USD/JPY stays below 103.50 level that was broken yesterday.

Trading Note: We may see a bit of consolidation of the weak USD moves thus far, but this would only represent a pause in the overall trend.







EURUSD

EUR/USD almost reached the 1.3640 target, and could now be slightly overextende for the very short term. The pair may range between 1.3570 and the 1.3635 top before breaking higher further out, to perhaps 1.3850.

[font='trebuchet ms', arial, sans-serif]Resist.1.38391.37151.36131.34671.3343Support
[/font]






GBPUSD

GBP/USD pulled itself out of a rut yesterday and showed strength by breaking through the 1.9300 resistance. That level is now support and GBP/USD may be ready for a further uptick to 1.9450.

[font='trebuchet ms', arial, sans-serif]Resist.1.93831.93831.93471.93831.9372Support
[/font]






USDJPY

USD/JPY bounced vigorously from yesterday’s lows well below 103.00, but has so far found resistance well below the old support/now resistance at 103.50. A follow through lower to 102.20 and then a test of 101.90 may materialize in the coming sessions. Further out, a test of the key 100 level may await.

[font='trebuchet ms', arial, sans-serif]Resist.106.10104.71103.08101.93100.54Support
[/font]






EURJPY

EUR/JPY churned toward it 2003 high, but hasn’t managed to break that level just yet and seems to finding resistance. 140.00 is support and 139.00 still a key downside swing level. The downside is still preferred, though a break back above 140.50 could follow through a bit higher before finding resistance.

[font='trebuchet ms', arial, sans-serif]Resist.141.70141.07140.29139.81139.18Support
[/font]






USDCAD

EUR/JPY churned toward it 2003 high, but hasn’t managed to break that level just yet and seems to finding resistance. 140.00 is support and 139.00 still a key downside swing level. The downside is still preferred, though a break back above 140.50 could follow through a bit higher before finding resistance.

[font='trebuchet ms', arial, sans-serif]Resist.1.26031.24111.21701.20271.1835Support
[/font]






USDCHF

USD/CHF made it to 1.1330 before bouncing. 1.1390 is resistance and USD/CHF may follow through lower toward 1.1250.



[font='trebuchet ms', arial, sans-serif]Resist.1.16261.15021.13601.12541.1130Support
[/font]






AUDUSD

AUD/USD is well on its way to the original 0.7820 target and could continue to trend higher towards the recent top at 0.7945. 0.7725 is the current support.

[font='trebuchet ms', arial, sans-serif]Resist.0.79670.78580.77890.76410.7533Support
[/font]






NZDUSD

NZD/USD looks ready to make new highs, and could make it to 0.7300 with a breach of the recent 20+ year high of 0.7275.

[font='trebuchet ms', arial, sans-serif]Resist.0.73500.72780.72380.71340.7062Support
[/font]




The support/resistance levels used in the matrix’s of this document are levels derived from yesterday high, low and close. Reference in the text to other support/resistance levels will occur

[abofaris73]

جزاك الله خيرا

[الامير693]

حبيبنا احمد سعيد...


اسعد الله ايامك.....وجزاك الله الف خير..وبارك الله فى مالك وعيالك....

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