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06-06-2012, 04:13 PM
EURO-DOLLAR TECHS: Breaks Supp Line After Failure To Break 21-DMA
RES 4: $1.3190/20 100-day moving average, Top of Bollinger band
RES 3: $1.3095 High 9 Feb
RES 2: $1.2925 21-day moving average
RES 1: $1.2800/53 5-DMA, Resistance line from 18 Dec
CURRENT LEVEL: $1.2649
SUP 1: $1.2630/32 Low 5 Dec, Bollinger base, Proj channel base 19 Jan
SUP 2: $1.2550 Low 4 Dec
SUP 3: $1.2389/25 Low 13, 20 Nov
SUP 4: $1.2329 Low 28 Oct
COMMENTARY: Failure to break above the 21-DMA, now at $1.2925, saw the euro break the support line from the 28 Oct low and now pressure support to $1.2630, where break would expose $1.2550. Initial resistance is now the 5-DMA at $1.2800 and a new resistance line from the 18 Dec high, at $1.2553. The daily studies are turning lower from neutral territory.
CABLE TECHS: Another Bear Cross at Risk
RES 4: $1.4980/86 High 16 Jan, High 9 Feb
RES 3: $1.4752 Minor resistance line from 17 Dec
RES 2: $1.4600/35 High 13 Feb, 55-DMA
RES 1: $1.4270/80 5, 21-day moving average
CURRENT LEVEL: $1.4208
SUP 1: $1.4140 Low 12 Feb
SUP 2: $1.4058/63 Low 2 Feb, 61.8% retracement, Low 29 Jan
SUP 3: $1.3930 Low 27 Jan
SUP 4: $1.3848 76.4% retracement
COMMENTARY: Cable continues to hold close to the 21-day moving average at $1.4270 again. The daily stochastic and momentum studies have both made bear-crosses with another at risk in the moving averages, so reaction to the 21-DMA remains key with any close below there likely to encourage bears.
DOLLAR-YEN TECHS: Pushing into Ichimoku Cloud
RES 4: Y94.59 High 6 Jan
RES 3: Y93.85 Top of the Ichimoku cloud
RES 2: Y92.83 76.4% retracement of Jan decline
RES 1: Y92.40/75 Bollinger band top, High 6 Feb and hourly highs
CURRENT LEVEL: Y92.48
SUP 1: Y91.30 5-day moving average
SUP 2: Y90.25/60 21-DMA, Ichimoku base, Support line 21 Jan, Tenkan line
SUP 3: Y89.75 Low 11 Feb, Kijun line
SUP 4: Y87.99/30 Low 23 Jan, Base of the Bollinger band, Low 3 Feb
COMMENTARY: Dollar-yen pushes higher as the momentum study recovers, although some failure warning remains in the stochastic and the move is testing the top of the daily Bollinger band. Break over Y92.40 has bulls focused on a return to Y94.60 with dollar-yen now trading in the Ichimoku cloud, the top of which is at Y93.85.
EURO-YEN TECHS: Daily Sideways Action
RES 4: Y122.15 High 16 Jan
RES 3: Y121.54 50% retracement of decline from Y131.00
RES 2: Y119.99 High 6, 9 Feb
RES 1: Y118.78 High 13 Feb
CURRENT PRICE: Y116.87
SUP 1: Y114.90 Lows 12 Feb
SUP 2: Y114.23 Low 4 Feb
SUP 3: Y113.00/17 Current base of Bollinger band, Low 2 Feb
SUP 4: Y112.08 Low 21 Jan
COMMENTARY: Euro-yen is back above the 5 & 21-DMAs at Y116.60/80 and below the Kijun and Tenkan line at Y117.11. The daily stochastic and momentum studies are now both fading as recent sideways action dominates and the pair needs a convincing break of Y113/120.
Vangvietnam
RES 4: $1.3190/20 100-day moving average, Top of Bollinger band
RES 3: $1.3095 High 9 Feb
RES 2: $1.2925 21-day moving average
RES 1: $1.2800/53 5-DMA, Resistance line from 18 Dec
CURRENT LEVEL: $1.2649
SUP 1: $1.2630/32 Low 5 Dec, Bollinger base, Proj channel base 19 Jan
SUP 2: $1.2550 Low 4 Dec
SUP 3: $1.2389/25 Low 13, 20 Nov
SUP 4: $1.2329 Low 28 Oct
COMMENTARY: Failure to break above the 21-DMA, now at $1.2925, saw the euro break the support line from the 28 Oct low and now pressure support to $1.2630, where break would expose $1.2550. Initial resistance is now the 5-DMA at $1.2800 and a new resistance line from the 18 Dec high, at $1.2553. The daily studies are turning lower from neutral territory.
CABLE TECHS: Another Bear Cross at Risk
RES 4: $1.4980/86 High 16 Jan, High 9 Feb
RES 3: $1.4752 Minor resistance line from 17 Dec
RES 2: $1.4600/35 High 13 Feb, 55-DMA
RES 1: $1.4270/80 5, 21-day moving average
CURRENT LEVEL: $1.4208
SUP 1: $1.4140 Low 12 Feb
SUP 2: $1.4058/63 Low 2 Feb, 61.8% retracement, Low 29 Jan
SUP 3: $1.3930 Low 27 Jan
SUP 4: $1.3848 76.4% retracement
COMMENTARY: Cable continues to hold close to the 21-day moving average at $1.4270 again. The daily stochastic and momentum studies have both made bear-crosses with another at risk in the moving averages, so reaction to the 21-DMA remains key with any close below there likely to encourage bears.
DOLLAR-YEN TECHS: Pushing into Ichimoku Cloud
RES 4: Y94.59 High 6 Jan
RES 3: Y93.85 Top of the Ichimoku cloud
RES 2: Y92.83 76.4% retracement of Jan decline
RES 1: Y92.40/75 Bollinger band top, High 6 Feb and hourly highs
CURRENT LEVEL: Y92.48
SUP 1: Y91.30 5-day moving average
SUP 2: Y90.25/60 21-DMA, Ichimoku base, Support line 21 Jan, Tenkan line
SUP 3: Y89.75 Low 11 Feb, Kijun line
SUP 4: Y87.99/30 Low 23 Jan, Base of the Bollinger band, Low 3 Feb
COMMENTARY: Dollar-yen pushes higher as the momentum study recovers, although some failure warning remains in the stochastic and the move is testing the top of the daily Bollinger band. Break over Y92.40 has bulls focused on a return to Y94.60 with dollar-yen now trading in the Ichimoku cloud, the top of which is at Y93.85.
EURO-YEN TECHS: Daily Sideways Action
RES 4: Y122.15 High 16 Jan
RES 3: Y121.54 50% retracement of decline from Y131.00
RES 2: Y119.99 High 6, 9 Feb
RES 1: Y118.78 High 13 Feb
CURRENT PRICE: Y116.87
SUP 1: Y114.90 Lows 12 Feb
SUP 2: Y114.23 Low 4 Feb
SUP 3: Y113.00/17 Current base of Bollinger band, Low 2 Feb
SUP 4: Y112.08 Low 21 Jan
COMMENTARY: Euro-yen is back above the 5 & 21-DMAs at Y116.60/80 and below the Kijun and Tenkan line at Y117.11. The daily stochastic and momentum studies are now both fading as recent sideways action dominates and the pair needs a convincing break of Y113/120.
Vangvietnam