USD CAD awaits the activation 27/11/2012
The pair fluctuates around the rising wedge support mentioned yesterday, which is located at 0.9920, where we noted that achieving clear breach for this level is important to activate the negative effect of the pattern.
In general, we are continuing in our bearish trend expectations which might be delayed because of Stochastic positivity, our targets begin at 0.9800, while achieving it requires stability below 1.0030
Expected trading range for today is between: 0.9800 support and 1.0030 resistance.
Expected trend for this week: Bearish
USD JPY continues the calm decline 27/11/2012
The pair closed yesterdays’ trading negatively hitting now 82.00, where Stochastic is attempting to get rid of the negativity during this trading.
Until now, the bullish trend expectation remains valid, depends on the positive effect of the previous completed positive pattern, accompanied with EMA50’s support, we remind that stability above 81.45 is important to achieve the expected bullishness.
Expected trading range for today is between: 81.45 support and 83.45 resistance.
Expected trend for this week: Bullish
GBP USD positively stable 27/11/2012
The pair was able to keep the stability above 1.6000, and its fluctuating in sideways range above the mentioned level in attempt to gather some positive momentum on the intraday basis.
In general, we depend on breaching the bearish correction channel resistance shown in the image to continue in our bullish trend expectation, and the targets begin at 1.6115, pointing that 1.5985 level must hold against any bearish attempt.
Expected trading range for today is between: 1.5986 support and 1.6200 resistance.
Expected trend for this week: Neutral
EUR USD starts the attack on the psychological level 27/11/2012
The pair begins today’s trading attempting to breach 1.3000, and we mentioned yesterday that this breach is important to reinforce our positive expectations.
In general, we are continuing in our bullish trend scenario on the intraday and short term basis, and the targets begin at 1.3145, supported by EMA50 while achieving our expectation requires stability above 1.2865
Expected trading range for today is between: 1.2865 support and 1.3145 resistance.
Expected trend for this week: Bullish