Wednesday, 9 December 2009

Weekly Outlook charts


EURUSD - This pair is very calm and slow slide is seen. It should test lower Blue line but will this happen in 24 hrs or 7 days will be the question. RSI rebound shows players are not sure how to handle this pair.


GBPUSD - This pair will test lower blue line; like last week's USDJPY it may even go beyond the lower blue line. But you know what happened to USDJPY since then. RSI points to the same story.

USDJPY - This pairs steam is receding; RSI and the bigger upper segment shows that we are going to see above 90.50s soon.


USDCHF - This pair is certainly UP trend - may loose its strength but certain to test upper BLUE line and stay there for a while before any reverse.

EURGBP - Will test near to UPPER GREEN LINE for more downward push; RSI gives away all story.


GBPJPY - Expected to hold near lower green line and then go UP and break the upper green line resistance then all the way up to upper BLUE line.

EURJPY - A downward pressure is still there; I'll say a spike stop hunts towards down and then try to build an UP trend


AUDUSD - will maintain low to build bigger UPPER segment. RSI shows more downward pressure.

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