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Technical points

Posted on March 13, 2009 at 15:27 in Short-Term Analysis by Valeria Bednarik

Sorry my friends! I have been experiencing a lot of technical issues here today! I have been looking at charts earlier and here are the points for majors!

EUR/USD Current price: 1.2902
The pair is flat in the hourly, consolidating just above the 1.2900 level since yesterday. Volume remains low at this time, while indicators are mostly flat suggesting more consolidation as long as the range remains intact.
Support levels: 1.2845/60 1.2810 1.2760
Resistance levels: 1.2955 1.3000 1.3035
GBP/USD current price: 1.3974
The pair is turning bearish in the hourly chart, with indicators supporting the downside continuation. Failure to break above 1.4000, will keep Gbp under pressure for the next hours, more like if the pair manages to break under the 20 SMA
Support levels: 1.3940 1.3910 1.3860
Resistance levels: 1.4005 1.4069 1.4120
USD/JPY: Actual Price: 98.29
Recovering the bullish tone, indicators remain flat and volume low, despite the pair continues pushing higher. Price remains under 200 EMA and 20 SMA. A clear break of today’s high will lead more gains in the next hours.
Support levels: 98.00 97.45 97.10
Resistance levels: 98.65 99.00 99.35

USD/CHF: Current Price: 1.1888
Bullish continuation flag in this pair, clear in the hourly. Despite the overbought state, past hours consolidation is diluting such effect. Indicators remain also flat, so a break under or above is what we need, to see further momentum in the pair.
Support levels: 1.1828 1.1785 1.1745
Resistance levels: 1.1932 1.1967 1.2004

Tags: Majors

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