WEEKLY TECHNICAL ANALYSIS FOR 14-18.02 2011

The pair is trading in the triangle. Upper border (resistance) is 1.41130, lower border (support) is 1.30651. The pair needs to break one of these levels to be able continue rising or falling.

EURUSD

The pair is trading in the triangle. Upper border (resistance) is 1.41130, lower border (support) is 1.30651. The pair needs to break one of these levels to be able continue rising or falling.

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: 1.64274, 1.68504, 1.72652

Support: 1.59962, 1.52523, 1.48532

USDCHF

The pair may roll back to support line at 0.96526 before continue rising to 0.99031.

Resistance: 0.99031, 1.01369, 1.04060

Support: 0.96525, 0.93264, 0.91074

USDJPY

The pair is closed in the triangle. Resistance 83.330 supports 81.010. The pair needs to break one of these levels to be able continue rising or declining.

Resistance: 83.330, 86.836, 90.909

Support: 80.244, 76.535, 73.126

AUDUSD

The pair has risen to 1.01873 and rolled back to 1.00031. If 1.00031 is broke the pair will decline to 0.97889.

Resistance: 1.01873, 1.03847, 1.05810

Support: 1.00031, 0.97889, 0.94048

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