FOREX TRADING IDEAS, Friday 02/06/2009

Published 02/05/2009, 07:00 PM
Updated 01/01/2017, 02:20 AM
EUR/USD

Day trading :Reversal on 1.2770
Weekly view :Bullish
Mid Term view:Bearish
Short term target :
1.2867, 1.2882 and 1.2900
mid term target :
1.2800, 1.2812, 1.2826 and 1.2841
long term target : 1.2400 and 1.1200
Resistances: 1.2795, 1.2850, 1.2908,
1.2981, 1.3072 and 1.3270
Supports: 1.2711, 1.2675 and 1.2330

USD/JPY

Daily view: bearish
Weekly view :Bullish
Mid term view: Bullish
Daily target:
890.43, 90.00 and 89.50
Mid term target:
92.24, 92.75 and 93.80
Resistances:
91.00, 91.08, 92.24 and 94.60
Supports :
90.70, 90.43/90.37, 89.20, 88.75 and 88.00
Dollar Index
Short term bearish Cylindrical pattern :
Reversal Catapult
(Evening star + Bearish Three method)
Daily view: reversal
(without a break above 86.40)
Weekly view: Bearish
Mid Term view: Bullish
Long term view : Bullish
Daily target: reversal on 86.40
then 85.77 and 85.39
Weekly target: 85.03, 84.65, 84.27 and 83.30
Mid term target: 89.00 and 95.80
Resistances:
86.40, 86.82 and 88.50/88.60
Supports:
85.72, 85.02, 84.75, 84.27, 83.55 and 83.42

EUR/JPY

Daily view: Flat,
trading range 118.30/114.50
Weekly view: Bullish
Mid term view: Bearish
Short term target:
116.50, 117.00, 117.35 and 117.70
mid term target: 117.95 and 119.08
Long term bearish target: 89.00
Resistances:
116.28, 117.02, 118.60, 119.60,  and 122.15
Supports:
115.60, 114.90, 114.50 and 113.55

EUR/GBP

Daily view: Bearish
Weekly view: Bullish
Mid term view: Bearish
Short term target: Fibonacci 0.8500
Mid term target after reach 0.8500 :
86.43, 0.8789, 0.8856
Long term target: 0.8222
Resistances:
0.8819/ 0.8825, 0.8930, 0.9081
Major Supports: 0.8700, 0.8637, 0.8250
Louis-Serge Real del Sarte
European Sales Director at Global Equities

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