Weekly review for 4.04 – 8.04, 2011

EURUSD

The pair has reached channel line at 1.42557 which is a resistance level. At the same level is Fibonacci 23,6%. If the pair stays above 1.42557 the pair will rise to 1.44835.

EURUSD

The pair has reached channel line at 1.42557 which is a resistance level. At the same level is Fibonacci 23,6%. If the pair stays above 1.42557 the pair will rise to 1.44835.

Resistance: 1.44835, 1.47697, 1.50676

Support: 1.41130, 1.37441, 1.33427

GBPUSD

The pair has declined to triangle’s upper border and Moving Average (100) and testing this level for the support. The pair stayed above support 1.59962. It may bring pair to rise to 1.64274. If the pair breaks 1.59962 the pair will decline to 1.57804.

Resistance: 1.64274, 1.68504, 1.72652

Support: 1.59962, 1.52523, 1.48532

USDCHF

MACD convergence may support the pair to start corrections. Resistance is at 0.93264. Support is at 0.91074.

Resistance: 0.93264, 0.96525, 0.99031

Support: 0.91074, 0.88022, 0.85633

USDJPY

The pair has broken upper border of the triangle and aiming to Moving Average (100) at 88.748. But before that the pair needs to break 86.836.

Resistance: 86.836, 90.909, 94.707

Support: 83.330, 80.244, 76.535

AUDUSD

The pair is aiming to 1.03847. If the pair stays below 1.03847 the pair may start corrections and may roll back to 1.01873.

Resistance: 1.03847, 1.05810, 1.07806

Support: 1.01873, 1.00031, 0.97889





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