Technical Analysis Weekly

Technical Analysis Weekly
For the period from 21 February until 26 February 2010
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08:34:28 pm
GBPUSD
GBP / USD
Cable is in a bearish trend has spread and reached the level of 1.5350 and the addition is still expected in the next week orientation will be the next target in the region 1.5150 As for the key resistance is now located 1.5815, as long as it is strong resistance is expected to continue down the initiator of 1.6456, but If there is any break above the level of 1.5815 that would be a signal that the bottom has been formed on a map today and the first to fall from 1.6456 has ended, then the next uptrend may be once again to test the resistance along the line that came down from 1.6875 to 1.6456.
Analysis in the long term, the cable is in a downward movement of 1.7042 is expected to move to the region 1.5000 in the next few weeks.
USDJPY
U.S. Dollar / Japanese Yen
USD / JPY broke up falling price channel on the outline today, and rose sharply to up to 92.14, suggesting that the cycle bottom has been formed in the level of 88.57 with the expectation of a further increase to 95.00 As for the support is located at 90.50, as long as it is a strong support is expected to continue rising husband of 88.57.
Analysis in the long term, the Japanese yen, below the bottom of a cycle in the level of 84.82 on a chart this week with an expected bounce towards the region of 100.00.
EURUSD
EUR / USD
The euro against the U.S. dollar in the downward movement extended to the level of 1.3443 and the addition of the expected further decline in the next week and the next target will be in the 1.3300-1.3400 area, but may occur form the bottom of the cycle adversary, but if the price pierces above the key resistance 1.3838 would signal to that the cycle bottom has been formed on a map today, and fall from 1.4579 has completed.
Analysis on the long term, the form of the euro against the U.S. dollar in the summit is highly touching the 1.5144 level on the chart this week with the expectation of further fall towards 1.3000 to reach next cycle bottom in the next few weeks.
USDCAD
U.S. Dollar / Canadian Dollar
USDCAD dropped sharply from 1.0779, taking the price back to range trading between 1.0206 and 1.0852 may be a pair of high summit in the level of 1.0779 to four hours with the scheme expected to decline next deeper into the 1.0300-1.0350 within two weeks.
Long-term analysis, USDCAD pair may be a cycle in the bottom of the level of 1.0206 on the weekly chart will range range of trade between 1.0206 and 1.0852 in the next few weeks.
AUDUSD
Australian Dollar / U.S. Dollar
After the pair broke the 0.8734 support down, he returned from 0.8577 AUDUSD pair, taking the price again to the extent of trade between 0.8577 and 0.9404 addition, it is anticipated that the husband towards 0.9200-0.9300 As for the support located at 0.8577, but no hierarchy may occur under this level may lead to the fall of the last region to 0.8000.
Long-term analysis, AUDUSD pair may be a cycle bottom, below the level of 0.8577 on the chart this week with an expected rise towards 0.9800 area in the next few weeks.
USDCHF
USD / CHF
Swiss franc is still in the development of an uptrend from 1.0132, extending to a further increase to a level of 1.0898 The pair is heading next week to the next target in the 1.1000 area, but may constitute a pair summit adversary, but if the collapse occurred less than 1.0608 support will indicate that the formation of one of the largest courses on a map today, and to rise starting from 1.0132 has ended, and then expect that a support line to test the high of 0.9917 to 1.0132.
Analysis of long-term, the Swiss franc as a cycle bottom, below the level of 0।9917 on the weekly chart, with an expected bounce towards 1।1000 to reach the next session of the higher than expected.