WEEKLY TECHNICAL ANALYSIS FOR 21- 25. 02, 2011

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.

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 broken channel line. A return for a test to channel line maybe expected to 1.61380. If the pair stays above this level the pair will rise to Fibonacci retracement 38.2% at 1.64274 and Moving Average 9200) at 1.65789.

Resistance: 1.64274, 1.68504, 1.72652

Support: 1.59962, 1.52523, 1.48532



USDCHF

The pair has rolled back to 0.94501. Lower is stronger support at 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 supports 81.010. The pair needs to break one of these levels to be able to 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 may roll back to 1.00031.

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