EUR/USD
Daily Analysis
12 August 2008
Current level-1.4896
EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5227.
As expected, yesterday's consolidation was limited below 1.5102 and with the recent local top at 1.5081, the downtrend has been renewed, reaching minimum at 1.4815. We feel, that the time for a larger corrective phase has come and we'll expect break above 1.4931 to clear the way towards 1.5081 and 1.5251 later on. Crucial is 1.4815 as if we see a break below, that will be a sign, that the downtrend from 1.5516 is intact.
Today's strategy: Stand aside.
USD/JPY
Daily Analysis
12 August 2008
Current level - 109.86
The pair is still in the broad consolidation since 95.75 short-term bottom, aiming at 111.03. Trading is situated above the 50- and 200-day SMA, currently projected at 107.09 and 106.62.
Minor downtrend is unfolds from 110.39 and we expect a break below 109.59 to confirm, that a corrective phase is on the run, challenging 108.66. On the upside, crucial is 110.33.
Today's strategy: Stand aside.
GBP/USD
Daily Analysis
12 August 2008
Current level- 1.9035
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels below 1.85+. Trading is situated below the 50- and 200-day SMA, currently projected at 1.9752 and 1.9853.
Yesterday's consolidation peaked at 1.9255 and the downtrend was renewed, reaching low at 1.8971. Probably a brief consolidation is on the run, that should be limited below 1.9125, before one more sell towards 1.85+.
Today's strategy : Stand aside.
Daily Analysis
12 August 2008
Current level-1.4896
EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5227.
As expected, yesterday's consolidation was limited below 1.5102 and with the recent local top at 1.5081, the downtrend has been renewed, reaching minimum at 1.4815. We feel, that the time for a larger corrective phase has come and we'll expect break above 1.4931 to clear the way towards 1.5081 and 1.5251 later on. Crucial is 1.4815 as if we see a break below, that will be a sign, that the downtrend from 1.5516 is intact.
Today's strategy: Stand aside.
| Resistance | Support | ||||||||||||
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USD/JPY
Daily Analysis
12 August 2008
Current level - 109.86
The pair is still in the broad consolidation since 95.75 short-term bottom, aiming at 111.03. Trading is situated above the 50- and 200-day SMA, currently projected at 107.09 and 106.62.
Minor downtrend is unfolds from 110.39 and we expect a break below 109.59 to confirm, that a corrective phase is on the run, challenging 108.66. On the upside, crucial is 110.33.
Today's strategy: Stand aside.
| Resistance | Support | ||||||||||||
|
|
GBP/USD
Daily Analysis
12 August 2008
Current level- 1.9035
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels below 1.85+. Trading is situated below the 50- and 200-day SMA, currently projected at 1.9752 and 1.9853.
Yesterday's consolidation peaked at 1.9255 and the downtrend was renewed, reaching low at 1.8971. Probably a brief consolidation is on the run, that should be limited below 1.9125, before one more sell towards 1.85+.
Today's strategy : Stand aside.
| Resistance | Support | ||||||||||||
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