WEEKLY TECHNICAL ANALYSIS FOR 31.01 – 04. 02, 2011

The pair has reached Moving Averages (100 and 200) at 1.35270. If the pair stays below this level the pair will decline to 1.33427. If the pair stays above 1.35270 the pair will rise to 1.41130.


EURUSD

The pair has reached Moving Averages (100 and 200) at 1.35270. If the pair stays below this level the pair will decline to 1.33427. If the pair stays above 1.35270 the pair will rise to 1.41130.

Resistance: 1.37441, 1.41130, 1.44835

Support: 1.33427, 1.2800, 1.25667



GBPUSD

The pair has reached channel line at 1.60874. If the pair rises above this level the pair will continue rising aiming to reach Fibonacci retracement 38.2% at 1.64274. If the pair stays below1.60874 the pair will decline to 1.56780.

Resistance: 1.59962, 1.64274, 1.68504

Support: 1.52523, 1.48532, 1.43344



USDCHF

The pair is aiming to 0.93264.

Resistance: 0.96525, 0.99031, 1.01369

Support: 0.93264, 0.91074, 0.88022



USDJPY

The pair is closed in the triangle. Resistance 83.330, support 81.010.

Resistance: 83.330, 86.836, 90.909

Support: 80.244, 76.535, 73.126



AUDUSD

The pair needs to break 0.97889 to be able to work out double top figure. If this level is broken the pair may decline to 0.94048.

Resistance: 1.00031, 1.01873, 1.03847

Support: 0.97889, 0.94048, 0.89581









The company commenced operations in January 2007, established by a professional gold and foreign exchange dealer with over 10 years of experience. Currently domiciled and regulated in Panama.Author Risk Warning: You should not invest in FX or CFD the money you cannot afford to lose. An investment in FX and CFD is potentially risky to the investor, and in some cases the investor may not get back the amount he has invested. With... More